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Backup Documents 07/07/2015 Item #16I1 1611 BOARD OF COUNTY COMMISSIONERS MISCELLANEOUS CORRESPONDENCE July 7, 2015 1. MISCELLANEOUS ITEMS TO FILE FOR RECORD WITH ACTION AS DIRECTED: A. DISTRICTS: 1) Ave Maria Stewardship Community District: FY15/16 Proposed Budget(October 1, 2015 —September 30, 2016) 2) Heritage Bay Community Development District: Meeting Agenda 04/02/2015 Meeting Minutes 04/02/2015 3) Heritage Greens Community Development District: Meeting Agenda 04/20/2015 Meeting Minutes 04/20/2015 4) Naples Heritage Community Development District: Meeting Agenda 04/07/2015 Meeting Minutes 04/07/2015 5) Port of the Islands Community Improvement District: Meeting Agenda 03/20/2015; 04/17/2015 Meeting Minutes 03/20/2015; 04/17/2015 6) South Florida Water Management District: Comprehensive Annual Financial Report FY Ending September 30, 2014 B. OTHER: 1) Collier County Code Enforcement Department: Record of legal advertising and original Affidavit(s) of Publication for Code Enforcement's Annual Nuisance Abatement Notice, regarding mowing weeds and grasses over 18 inches in height, published in the Naples Daily News January 1, January 18, February 1 and February 2, 2015, in accordance with Ordinance 2005-44, as amended 2) Collier County Water & Wastewater Authority: Legal Notice advertised May 3, 2015 for the Authority's May 13, 2015 Public Meeting &Adoption of Final Order No. 2015-01 3) Greater Naples Fire Rescue District: Letter of compliance dated May 21, 2015 from Greater Naples Fire Rescue District to the State of Florida Auditor General's Office and the FY13/14 Audit Report completed May 12, 2015 by the Phillips Harvey Group for Golden Gate Fire Control & Rescue District(copies) AVE MARIA STEWARDSHIP COMMUNITY DISTfIC6 1 c/o Special District Services, Inc. 2501 Burns Road, Suite A Palm Beach Gardens, Florida 33410 (561) 630-4922 Fax: (561) 630-4923 D iNN11 rip LY May 7, 2015 . By VIA CERTIFIED MAIL— RETURN RECEIPT REQUESTED Clerk of the Circuit Court Collier County Courthouse 3315 Tamiami Trail East Naples, Florida 34112-5324 Re: Ave Maria Stewardship Community District To Whom It May Concern: Pursuant to Florida law, enclosed please find a copy of the following document relative to the above referenced Stewardship Community District: 1.) Proposed Budget Fiscal Year 2015/2016 (Oct. 1,2015—Sept. 30,2016) Should you have any questions or comments, please do not hesitate to contact our office. Sincerely, SPECIAL DISTRICT SERVICES, INC. L Laura J. Archer- Enclosure to o �o pi W �, 7De-- 161 1 I oN M M m t•-• o p y •\ FOyo �! OQU ��a N 4 N LO �,. N ago �LINn 0 0�• s'. .fa • N w N w _o �- 0 4 i- E r Q w.�•�•• Q, w 0 a N ° oo ¢ a - w -.. W m ww ¢ w N a :1 ,-1 a , N ° OM trl z in e4 ----- ---- - - -'4 vi _ (r) C3 ;'mss r, M roa •> ow aaa C11 C-) 6 .c Li N A. ,_r Y j c,i A.,r 1 1611 Al Ave Maria Stewardship Community District Proposed Budget For Fiscal Year 2015/2016 October 1, 2015 - September 30, 2016 CONTENTS 161 1 Al I PROPOSED BUDGET II DETAILED PROPOSED BUDGET III DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV DETAILED PROPOSED MAINTENANCE BUDGET V ASSESSMENT BREAKDOWN 4/30/2015 3:32 PM PROPOSED BUDGET 16 I 1 A l AVE MARIA STEWARDSHIP COMMUNITY DISTRICT ` FISCAL YEAR 2015/2016 October 1,2015-September 30,2016 FISCAL YEAR 2015/2016 REVENUES BUDGET O & M ASSESSMENTS 483,437 DEBT ASSESSMENTS 974,704 DEVELOPER CONTRIBUTION FOR 0 & M 1,228,703 DEVELOPER CONTRIBUTION FOR DEBT 3,223,231 OTHER REVENUES 0 TOTAL REVENUES $ 5,910,075 EXPENDITURES ADMINISTRATIVE EXPENDITURES PAYROLL TAXES EXPENSE 612 SUPERVISORS FEES 8,000 ENGINEERING 50,000 MANAGEMENT 70,216 SECRETARIAL 4,500 LEGAL 30,000 ASSESSMENT ROLL 15,000 AUDIT FEES 8,200 ARBITRAGE REBATE FEE 1,500 TRAVEL & LODGING 1,000 INSURANCE 11,760 LEGAL ADVERTISING 1,500 MISCELLANEOUS 1,455 POSTAGE 1,750 OFFICE SUPPLIES 3,000 DUES, LICENSE, & SUBSCRIPTIONS 500 MISCELLANEOUS FILINGS, NOTICES, ETC. 1,000 WEBSITE HOSTING FEES 2,500 TRUSTEE FEES 13,000 CONTINUING DISCLOSURE FEE 5,000 METHODOLOGY REPORT 0 TOTAL ADMINISTRATIVE EXPENDITURES $ 230,493 MAINTENANCE EXPENDITURES MAINTENANCE 1,445,389 MAINTENANCE/INSPECTIONS/ADMIN 0 TOTAL MAINTENANCE EXPENDITURES $ 1,445,389 TOTAL EXPENDITURES $ 1,675,882 EXCESS OR (SHORTFALL) $ 4,234,193 PAYMENT TO TRUSTEE $ (4,124,832) BALANCE $ 109,361 COUNTY APPRAISER &TAX COLLECTOR COST (51,035) DISCOUNTS FOR EARLY PAYMENTS (58,326) NET EXCESS/(SHORTFALL) $ I • DETAILED PROPOSED BUDGET 16 I 1 AVE MARIA STEWARDSHIP COMMUNITY DISTRICT ' A 1 FISCAL YEAR 2015/2016 October 1,2015-September 30,2016 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2013/2014 2014/2015 2015/2016 REVENUES ACTUAL BUDGET BUDGET COMMENTS O&M ASSESSMENTS 452,706 483,437 483,437 See Detail on Page 5 DEBT ASSESSMENTS 854,129 974,704 974,704 See Detail on Page 5 DEVELOPER CONTRIBUTION FOR 0&M 967,264 1,186,275 1,228,703 DEVELOPER CONTRIBUTION FOR DEBT 3,149,056 3,058,526 3,223,231 OTHER REVENUES 4,177 0 0 BOND PREPAYENTS RECEIVED 12,408 0 0 BOND PREPAYMENTS SENT TO TRUSTEE (12,408) 0 0 TOTAL REVENUES $ 5,427,333 $ 5,702,942 $ 5,910,075 EXPENDITURES ADMINISTRATIVE EXPENDITURES PAYROLL TAX EXPENSE 184 612 612 No Change From Previous Budget SUPERVISORS FEES 2,400 8,000 8,000 No Change From Previous Budget ENGINEERING 76,588 20,000 50,000 $30,000 Increase From Previous Budget MANAGEMENT 55,000 70,216 70,216 No Change From Previous Budget SECRETARIAL 2,000 4,500 4,500 No Change From Previous Budget LEGAL 38,042 20,000 30,000, $10,000 Increase From Previous Budget ASSESSMENT ROLL 15,000 15,000 15,000 No Change From Previous Budget AUDIT FEES 7,900 8,200 8,200 No Change From Previous Budget ARBITRAGE REBATE FEE 1,300 1,500 1,500 No Change From Previous Budget TRAVEL&LODGING 0 1,550 1,000 $550 Decrease From Previous Budget INSURANCE 10,256 11,282 11,760 $478 Increase From Previous Budget LEGAL ADVERTISING 1,485 1,500 1,500 No Change From Previous Budget MISCELLANEOUS 1,391 1,455 1,455 No Change From Previous Budget POSTAGE 1,269 1,750 1,750 No Change From Previous Budget OFFICE SUPPLIES 2,376 2,000 3,000 $1,000 Increase From Previous Budget DUES,LICENSE,&SUBSCRIPTIONS 175 500 500 No Change From Previous Budget MISCELLANEOUS FILINGS,NOTICES,ETC. 500 1,000 1,000 No Change From Previous Budget WEBSITE HOSTING FEES 3,996 1,000 2,500 $1,500 Increase From Previous Budget TRUSTEE FEES 10,775 13,000 13,000 No Change From Previous Budget CONTINUING DISCLOSURE FEE 5,000 5,000 5,000 No Change From Previous Budget METHODOLOGY REPORT 0 0 0 No Change From Previous Budget TOTAL ADMINISTRATIVE EXPENDITURES $ 235,637 $ 188,065 $ 230,493 MAINTENANCE EXPENDITURES MAINTENANCE 1,106,567 1,445,389 1,445,389 Total Maintenance-See Detail On Page 4 MAINTENANCE/INSPECTIONS/ADMIN 0 0 0 TOTAL MAINTENANCE EXPENDITURES $ 1,106,567 $ 1,445,389 $ 1,445,389 TOTAL EXPENDITURES $ 1,342,205 $ 1,633,454 $ 1,675,882 EXCESS OR(SHORTFALL) $ 4,085,128 $ 4,069,488 $ 4,234,193 BOND PAYMENTS (3,958,849) $ (3,960,127) $ (4,124,832) 2016 P&I Payments BALANCE $ 126,280 $ 109,361 $ 109,361 COUNTY APPRAISER&TAX COLLECTOR COST (37,793) (51,035) (51,035) 3.5%Of Total Roll(2%Appraiser,1.5%Collector) DISCOUNTS FOR EARLY PAYMENTS (42,534) (58,326) (58,326) 4%Of Total Tax Roll NET EXCESS/(SHORTFALL) $ 45,953 $ - $ II DETAILED PROPOSED DEBT SERVICE FUND BUDGET 16 1 i A 1 AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2015/2016 October 1,2015-September 30,2016 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2013/2014 2014/2015 2015/2016 REVENUES ACTUALS BUDGET BUDGET COMMENTS Interest Income('06 Bond) 0 0 0 DS Reserve Interest is now going to the Deferred Cost Account Interest Income('12 Bond) 0 0 0 DS Reserve Interest is now going to the Deferred Cost Account Net NAV Collection 809,803 901,601 901,601 Per Assessment Breakdown(page 5)less 7.5%for Discounts and Fees Developer Contribution 3,149,046 3,058,526 3,223,231 Prepaid Bond Collection 12,408 0 0 Total Revenues $ 3,971,257 $ 3,960,127 $ 4,124,832 EXPENDITURES Principal Payments('06 Bond) 485,000 515,000 540,000 2006 Bond Principal Payment Due In 2016 Interest Payments('06 Bond) 1,233,588 1,195,534 1,167,731 2006 Bond Interest Payments Due In 2016 Principal Payments('12 Bond) 335,000 355,000 380,000 2012 Bond Principal Payment Due In 2016 Interest Payments('12 Bond) 1,928,930 1,894,593 1,869,970 2012 Bond Interest Payments Due In 2016 Principal Payments('15 Bond) 0 0 35,000 2015 Bond Principal Payment Due In 2016 Interest Payments('15 Bond) 0 0 132,131 2015 Bond Interest Payments Due In 2016 Total Expenditures $ 3,982,518 $ 3,960,127 $ 4,124,832 Excess/(Shortfall) $ (11,260) $ - $ - Series 2006 Bond Information Original Par Amount= $26,245,000 Annual Principal Payments Due= May 1st Interest Rate= 5.125% Annual Interest Payments Due= May 1st&November 1st Issue Date= December 2006 Maturity Date= May 2038 Series 2012 Bond Information Original Par Amount= $29,100,000 Annual Principal Payments Due= May 1st Interest Rate= 6.700% Annual Interest Payments Due= May 1st&November 1st Issue Date= June 2012 Maturity Date= May 2042 Series 2015 Bond Information Original Par Amount= $2,530,000 Annual Principal Payments Due= May 1st Interest Rate= 5.000%-5.375% Annual Interest Payments Due= May 1st&November 1st Issue Date= March 2015 Maturity Date= May 2045 I I I DETAILED PROPOSED MAINTENANCE BUDGET 16 I 1 A 1 AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2015/2016 October 1, 2015 -September 30, 2016 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2013/2014 2014/2015 2015/2016 ACTUAL BUDGET BUDGET MAINTENANCE EXPENDITURES ELECTRIC (STREETLIGHTS, LANDSCAPE) 76,136 90,000 90,000 STREET SWEEPING 0 5,000 5,000 STRIPING & TRAFFIC MARKINGS 32 35,000 25,000 STREET LIGHT MAINTENANCE 40,148 30,000 40,000 SIDEWALK/ CURB REPAIRS 6,823 9,000 12,000 LANDSCAPE MAINTENANCE (ROADWAY, ENTRIES): MAINTENANCE CONTRACTS 430,345 500,000 470,000 TREE TRIMMING 12,748 29,000 40,389 STORM CLEANUP 7,300 41,000 40,000 PLANT REPLACEMENT 10,247 40,000 30,000 MULCH & MISCELLANEOUS 46,025 60,000 60,000 MISC. UTILITIES 60 5,000 5,000 ELECTRICITY 0 0 0 IRRIGATION WATER 71,450 80,000 80,000 IRRIGATION REPAIR 27,612 20,000 30,000 ENTRY FEATURE WATER 0 0 0 FOUNTAIN MAINTENANCE 3,025 10,000 10,000 RODENT/ PEST CONTROL 875 4,000 4,000 EQUIPMENT REPAIR 508 1,000 1,000 SIGNAGE REPAIR 4,875 8,000 8,000 WATER MANAGEMENT & DRAINAGE 1,450 3,000 3,000 STORM DRAIN CLEANING 0 5,000 5,000 DRAINAGE / LAKE MAINTENANCE/ LITTORALS 71,838 50,000 75,000 AERATORS 0 6,500 6,000 AQUATIC REPLACEMENTS 0 5,000 5,000 PRESERVE MAINTENANCE 43,340 104,000 80,000 TAXES & LICENSES 0 0 0 INSURANCE 0 0- 0 SMALL TOOLS 0 3,000 3,000 MISCELLANEOUS MAINT. 0 0 0 MISC. REPAIRS 1,518 10,000 6,000 VEHICLE LEASE / FUEL / REPAIRS (MAINT TECH) 4,159 5,000 5,000 MOSQUITO CONTROL 74,174 80,000 80,000 FISH STOCKING 0 5,000 5,000 TEMP FIRE FACILITY OPERATING COSTS 58,500 65,000 65,000 ADMINISTRATIVE SUPPLIES 0 500 500 OFFICE LEASE 0 0 0 OFFICE UTILITIES 0 0 0 MAINTENANCE TECHNICIANS 58,914 65,000 65,000 BASE MANAGEMENT FEE 14,771 16,667 24,000 ADMIN PAYROLL 18,798 19,722 25,000 TOTAL MAINTENANCE EXPENDITURES $ 1,085,671 $ 1,410,389 $ 1,402,889 RESERVE FUND 20,896 20,000 27,500 CONTINGENCY FUND 0 15,000 15,000 TOTAL $ 1,106,567 $ 1,445,389 $ 1,445,389 Iv 00000 161 1 Al y 0 i i i i d y N O O 6- O CD O C CA O M 0 C° ap O• a) E co v 0 CO (0 v h _ T C° ,- ,- W Ws co O y a) I- a) a vi a) U) U) EA U, 69 EA 69 69 69 69 U) EA U) U) U) 0 a) Q 0 o • C o p LCI CO o CD- m m m �i 0 o £ rn r n . >, Rat -a-- E • y Q6 I- 41 a a) fA 69 69 EA EA EA 69 EA C) C II c a ) u. d L_ O C O E m is u) '0 I Q z m v) a C (C c 0 0 0 0 0 0 00 E 0 0 0 0 0 0 so d 0 co 0 co c) ad m Q = m �+ p E rn rn w 0 0_ 00 a a) V N y To y co O O E00 Nt r 1 N N . a) s- G y m co Cl) co U) EA 0 U) EA 69 U3 U3 U) U) EA 69 U3 EA EA w O Q' — C co a U) CO N ° o ° ° ° ° Z' 1 a 0 o 0 o 0 0 0 0 N ❑ C•= v v CD CD Cr) ) CI) 7 - o o > r m E � ca 3 O O a m r EN a) o "- CL CO f03 Q EA U> U) U3 U) U9 EA U) EA U) U) U) co U3 EA U I— LL W = 1. E cI) 0 C - 0 O Y o O m Q T co a o V CO A V 0 CO a N 0 N CA /� O CO r co N- o N 0) CD C) N CI) 1- > E IA W o C� C .4 6 4 I- I- EC) co CA 4 I- CO a, Y� L = y C') (D N- O co CO N 0 E() CO M .a M 10 C E Cn N O 0 C° C) N- CA N a Q a) W C (o CA 0 t` v o O r v o M J O) r N N LOU) N V CO (0 C C O. m Ca 4.0 O r U 9 U U A A U A EA U) EA U 63 A A 49 V/ N L N- N- I,- N- N- 1 • N- CL) N- W 6- CO CA N N- a) T al N a) C 0) 0) 0) 0) 0) 0) 0) CO N- N N N. (O .- m a) li C C ai a) a)O a) a)00) CA 0)C)cri O r N- O O O t° a C ._.. •as co 0 C E N N N N N N N CO N in-to 2 N ` d y N Q a) C N CU a) Q 2 it EA U) U3 U3 co co 68 U) EA UT E0 U U 44 (0 D 10 Q _ aa O cw (�i) U m `° • c c O U m m c E c c c 'E 'E w 'c 'o LL o LL -°o -°o U - a) o O > > > > > > D a > > a a' O C- > > o (B (`a c co (n (x c > '- (V E y @ , .c CO N .+ V • N C V a • LL N N CO C C -QG CO O p N N a f� N O Nt Coo O O CD Q _ N N r O LO O C° CC-) O M ° CI O O` O N Q a E �'+ co r N 0 Q fn 0 a) t. ' za } o mCD -c W Q p (n c°i T O >, = Q C co 0) N U ° > in in m a) a) y > °o V W X a) c _ ° Q = is o a°) v Lo ( N- ay) I aa)) c 0 = j ° C O 1— O ci co m v E co Q -o ca ca ca a) E0° a 'm Co 2 L@ Q Y GI = = = d w m y O a) LL W LL N .0 Q r 'y U (9 a) E O O = . a) C CA U a) a) N 0) O LL - a) '5 C •(a Q I- F• a' p in in o -- a o ❑ U a) 0 Q N Z PROPOSED 16I Al O OSED AVE MARIA UTILITY BUDGET AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2015/2016 October 1, 2015 -September 30, 2016 FISCAL YEAR FISCAL YEAR FISCAL YEAR 2013/2014 2014/2015 2015/2016 REVENUES ACTUAL BUDGET BUDGET COMMENTS AMUC Income 336,489 270,000 354,000 Approximately 4/5 of Expenditures Developer Contribution 108,333 130,000 90,000 Approximately 1/5 of Expenditures Total Revenues $ 444,822 $ 400,000 $ 444,000 EXPENDITURES OMI Operating Fee 266,391 252,000 282,000 Estimate of$23,500 per Month AMUC Bulk Water Charge 151,867 148,000 162,000 Estimate of$13,500 per Month Total Expenditures $ 418,259 $ 400,000 $ 444,000 Excess/(Shortfall) $ 26,563 $ - $ - I 5/7/2015 12:48 PM 1611 A2 Heritage Bay Community Development District Board of Supervisors Edwin Hubbard,Chairman Calvin Teague,District Manager Ronald A.Grant,Vice Chairman Gregory Urbancic,District Counsel John May,Assistant Treasurer David Wilkison,District Engineer Dennis Gagne,Assistant Secretary Richard Brodeur,Assistant Secretary Regular Meeting Agenda April 2,2015—9:00 a.m. (� • tat 1. Roll Call ' E " t 2. Public Comments on Agenda Items 9015 3. Bridge Wall Replacement Options—Ralph Verrastro 4. Approval of the Minutes of the March 5,2015 Meeting By 5. Old Business A. Littoral Planting Update B. Summer 2015 Lake Bank Projects i. Copeland Southern Enterprises,Inc. Proposals ii. Landshore Enterprises Proposal iii. Severn Trent Environmental Services,Inc.Proposal C. Review of Landshore 2013/2014 Work 6. New Business A. Lake and Wetland's Contract Amendment B. Fiscal Year 2016 Budget 7. Manager's Report A. Approval of Financials,Check Register and Invoices B. Field Manager's Report C. Follow Up 8. Attorney's Report 9. Engineer's Report 10. Supervisors'Requests and Audience Comments 11. Adjournment NOTES:The next meeting is scheduled for May 7,2015 at 9:00 a.m. District Office: Meeting Location: 210 N.University Drive,Suite 702 Heritage Bay Clubhouse Coral Springs,FL 33071 10154 Heritage Bay Boulevard 954-753-5841 Naples,FL iou A2 Bridging Solutions,Circle LLC ;BRIDGING '3,:' 533 Avellino Isles Circle#32102 ;?��"b;r, Naples,FL 34119 SOLUTIONS Tcl.(239)216-1370 ralphCmbridging-solutions.com www.bridging-solutions.com March 25,2015 Calvin Teague,District Manager Heritage Bay CDD do Severn Trent Management Services 5911 Country Lakes Dr. Ft. Myers, FL 33905 RE: Stone Landscape Wall Replacement Study Report Supplement for Additional Alternatives Heritage Bay,Collier County,Florida Dear Mr.Teague: 1. EXECUTIVE SUMMARY This letter report provides conceptual plans and estimated costs for two (2) additional construction alternatives that reduce the estimated cost of replacing the existing stone walls. The alternatives we considered include: • Constructing a concrete modular block retaining wall system that only replaces the upper tier stone wall. Installing a graded slope in front of the modular block wall, using the existing stones as rip rap. • Complete elimination of the stone walls and installing a graded slope,using the existing stones as rip rap. 2. SUPPLEMENTAL WALL REPLACEMENT ALTERNATIVES Alternative 5 - Modular Block Retaining Wall — This wall replacement alternative includes the demolition and removal of the existing stone wall and replacement using a concrete segmental block retaining wall system. This alternative only replaces the existing upper tier wall. The total length of proposed wall at each quadrant is 130 feet.The proposed exposed wall height is 8 feet with a total height of 10 feet. A 2 on 1 slope is proposed to be installed in front of the wall to the shore of the lakes. We recommend installing some of the stones from the existing stone wall on the 2 on 1 slope as a form of rip rap. The stones would be laid flat on the slope and we recommend installing gravel or non-excavatable flowable fill between the voids in the stones. Beyond the limits of the proposed new wall, we recommend grading the slopes to provide a 2 on 1 slope from the upper roadway shoulder or sidewalk to the lake shore within the limits of the existing wall. These slopes could be covered with some of the remaining stones or alternatively be planted with some type ground cover or sod. Any remaining stones could be moved to a location on site for use in the future by the community. We design bridges to fit your site and budget. 1611 A 2 €BRIDGING SOLUTIONS The existing large palm trees would need to be removed in the limits of the old wall and some could be replanted in the area behind the new walls. See the attached conceptual design plans for additional details for this alternative.The plans show two alternative wall systems labeled as 5a and 5b,for the Stone Strong System and Vertica Block System,respectively. Attached also see a rendering of this alternative. Alternative 6—Existing Stones on 2:1 Slope-This wall replacement alternative includes the demolition and removal of the existing stone walls and the installation of a graded 2:1 slope with the existing wall stones laid flat on the slopes as a form of rip rap for a total length of 125 feet along each quadrant. We recommend installing gravel or non-excavatable flowable fill between the voids in the stones. Beyond the limits of the proposed rip rap, we recommend grading the slopes to provide a 2 on 1 slope from the upper roadway shoulder or sidewalk to the lake shore within the limits of the existing wall. These slopes could be covered with some of the remaining stones or alternatively be planted with some type ground cover or sod.The existing large palm trees would need to be removed in the limits of the old wall. See the attached conceptual design plans for additional details for this alternative. Attached also see a rendering of this alternative. 3. OPINOIN OF PROBABLE COSTS The following estimated costs are based on the conceptual design plans. These are relative costs for the sake of comparison and should not be considered a final cost estimate. The attached cost estimate summary sheet provides the quantities and unit costs assumed for the major work items included in the estimates. Alternative 5a—Stone Strong Modular Block Wall $425,000 Alternative 5b—Vertica Modular Block Wall $320,000 Alternative 6—Existing Stones on 2:1 Slope $190,000 Please contact me at 239-216-1370 if you have any questions. 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(;) ..........4 < i 'el:,,,1 % •A Ofj A' 0 tk —J • 1 0 (.....) 1611 A2 "" ,,,E;BRIDGING Heritage Bay SOLUTIONS Stone Landscape Wall Replacement Study Report Alternative 5a-Stone Strong Modular Block Wall Engineer's Opinion of Probable Cost Item Quantity Unit Unit Cost Mobilization 1 LS $25,000 Wall Demolition 1,243 CY $50 Soil Excavation 578 CY $10 '` ` Wall/Backfill 5,200 SF $50 Regrade/Lay Stone 13,000 SF $5 Total $117.906 Alternative 5b-Vertica Modular Block Wall Engineer's Opinion of Probable Cost Item Quantity Unit Unit Cost ; i ;' I if ' Mobilization 1 LS $25,000 :,1 :.J 4 Wall Demolition 1,243 CY $50 � t , Soil Excavation 770 CY L 4" Wall/Backfill 5,200 SF $30 '_.� Regrade/Lay Stone 13,000 SF $5 :: Total $315,831 Alternative 6-Existing Stones on 2:1 Slope Engineer's Opinion of Probable Cost Item Quantity Unit Unit Cost El 1 1 ,`lam Mobilization 1 LS $25,000 . ` i Wall Demolition 1,243 CY $50 kt M, is Regrade/Lay Stone 20,000 SF $5 �� '?` Total $187,128 161E1 A2 Bridging Solutions,LLC y ,r 533 Avellino Isles Circle#32102 °° BRIDGING Naples,FL.34119 —VW SOLUTIONS Tel.(239)216-1370 ralph@bridgina-solutions.cont www.bridgine-solutions,com March 26,2015 Calvin Teague,District Manager Heritage Bay CDD Severn Trent Management Services 5911 Country Lakes Dr. Ft.Myers,FL 33905 RE: Proposal to Provide Professional Engineering Services for: Final Design for Wall Replacement Heritage Bay,Collier County,Florida Dear Mr.Teague: Bridging Solutions, LLC appreciates the opportunity to submit this proposal to provide engineering services based on: • Our study report dated December 29,2014 • Discussions at the CDD Board meeting held on January 8 and March 5,2015 • Our supplemental study report dated March 25,2015 1. BACKGROUND The existing stone landscape walls adjacent to the arch bridge at Heritage Bay were not constructed in accordance with standard engineering industry practices for gravity stone retaining walls. If these walls are not replaced, sections of the walls will continue to fail.These conclusions were included in a report prepared by Bridging Solutions, LLC dated April 21, 2014. This proposal provides a scope of services and fee options for final design services for the replacement of the wall for both of two (2) wall replacement alternatives summarized in our March 25,2015 that include: Alternate 5: Demolition of the existing wall and replacement using a concrete segmental block retaining wall system, or Alternate 6: Demolition of the existing wall and using the salvaged stones to construct rip rap slopes around the bridge. 2. SCOPE OF SERVICES 2.1.Wall Inspection—Perform a follow up inspection of the wall to update our inspection documentation prepared during past inspections. We design bridges to fit your site and budget. 1611 A2 iwir SSOLUUTIONS 2.2.Supplemental Survey and Mapping—Perform a supplemental topographic survey in the vicinity of the walls and update the mapping in AutoCAD format. We propose to have the Board hire Stantec for this work.This work will include obtaining bottom of lake elevations within 25 feet of the shore line within the limits of the existing walls.Develop existing ground cross sections at 25 foot intervals in the vicinity of the existing walls.Establish a horizontal control stationed base line on the drawings with ties to the field for use by the contractor during construction. 2.3.Alternative 5 - Wall Design/Drawings and RFP —Administer a subconsultant contract with Ardaman&Associates for the extraction of soil samples in the vicinity of the wall for laboratory testing and the preparation of a report that provides the foundation design criteria for the wall design.Determine whether global stability of the slopes in the lakes will control the design of the walls.Develop preliminary drawings that depict the proposed design geometry and layout for the new walls including finished top of wall elevations. Perform preliminary design calculations for the controlling wall sections. Develop cross section design summaries for the proposed wall. Develop a performance specification for the concrete segmental block wall system that provides for at least 3 wall system alternatives. Develop a draft RFP for the wall replacement. Prepare a preliminary engineer's opinion of probable cost. or Alternative 6—Design Rip Rap on 2:1 Slope- Develop preliminary drawings that depict the proposed geometry and layout of slopes where the walls now exist.Develop cross section design summaries for the proposed slopes.Develop rip rap details using the stones from the existing wall including a method to lock in the toe of slope.Develop a draft RFP for the wall replacement using slopes and rip rap. Compute the estimated cut and fill quantities and prepare a preliminary engineer's opinion of probable cost. 2.4. Permitting— Submit the preliminary plans and specifications to Collier County and the South Florida Water Management District and perform coordination related to the requirements for permitting for the wall replacement. We assume that the wall replacement project will be considered maintenance which should allow the agencies to grant an exemption from permitting. The design plans will include notes requiring best practices for erosion control. We propose to have the Board hire Stantec for assistance with civil design and permitting tasks. 2.5. Final Bid Documents—Incorporate any comments from the reviewing agencies and develop the fmal signed and sealed plans, specifications and RFP for the wall replacement. Prepare a final engineer's opinion of probable cost. All final documents will be provided in electronic (PDF) format. 2.6. Bidding Services—Prepare an advertisement for the project for placement in the local newspaper. Conduct a pre-bid meeting on site with interested contractors.Provide access to the bid documents for the contractors using a shared Dropbox folder.Compile the written questions from the bidders 2 We design bridges to fit your site and budget. 1611A2 . .„„,SOLUTIONS and provide formal responses or addendum as required.Attend the bid opening.Review the bids and provide a recommendation letter for contract award. 2.7.Construction Phase Services—The scope of the construction phase services to be determined after the bidding services are complete. 3. SCH ULE ED ' TIME Construction is planned to commence in January of 2016. The design and bidding schedule will be discussed at the CDD Board's meeting on April 2,2015. 4. COMPENSATION Bridging Solutions proposes to provide the above described services for a lump sum fee of$33,420 if Alternate 5 is the preferred alternative. If Alternate 6 is the preferred alternative the lump sum fee is $27,850.The attached proposal back-up forms provide a detailed breakdown of the the options.This fee breakdown will be used to determine monthly progress billing amounts. 5.' AGREEMENT TERMS If the above conditions are acceptable this proposal can become contractual by signing and dating below. The Terms and Conditions on the enclosed Exhibit A are incorporated and made a part of this Agreement. Please return one signed copy of this Agreement and Exhibit A to our office to serve as your authorization for us to proceed on this work.Thank you for your consideration of this proposal. Please contact me at 239-216-1370 if you have any questions. Respectfully, BRIDGING SOLUTIONS,LLC eR jels012,Mr53 Ralph Verrastro,PE Principal ...fPlease check the amount approved $33,420 or 527,850 Accepted s•// •;y of ,2015 By: Si _•'"M7 Printed or Typed Title: • 3 We design bridges to fit your site and budget. 1611 A2 EXHIBIT A—Terms and Conditions Indemnification: Bridging Solutions,LLC agrees,to the fullest extent permitted by law,to indemnify and hold harmless the Client, its officers, directors and employees (collectively, Client) against all damages, liabilities or costs, including reasonably attorneys' fees and defense costs,to the extent caused by the Consultant's negligent performance of professional services under this Agreement and that of its subconsultants or anyone for whom the Consultant is legally liable.The Client agrees, to the fullest extent permitted by law, to indemnify and hold harmless Bridging Solutions, its officers, directors, employees and subconsultants (collectively, Consultant) against all damages, liabilities or costs, including reasonable attorneys' fees and defense costs,to the extent caused by the Client's negligent acts in connection with the Project and the acts of its contractors,subcontractors or consultants or anyone for whom the Client is legally liable. Neither the Client nor Bridging Solutions shall be obligated to indemnify the other party in any manner whatsoever for the other party's own negligence. limitation of Liability: In recognition of the relative risks and benefits of the Project to both the Client and Bridging Solutions,the risks have been allocated such that the Client agrees,to the fullest extent permitted by law,to limit the liability of Bridging Solutions to the Client for any and all claims,losses,costs,damages of any nature whatsoever or claims expenses from any cause or causes, including attorney's fees and costs and expert-witness fees and costs, so that the total aggregate liability of Bridging Solutions to the Client shall not exceed$50,000 or the project fee,whichever is greater. It is intended that this limitation apply to any and all liability or cause of action however alleged or arising,unless otherwise prohibited by law.Pursuant to Florida Statutes Chapter 558.0035,an individual employee or agent of Bridging Solutions,LLC my not be held liable for damages resulting from negligence. Termination of Services: This agreement may be terminated upon 5 days written notice by either party should the other fail to perform his obligations hereunder. In the event of termination, the Client shall pay Bridging Solutions, LLC for all services rendered to the date of termination,all reimbursable expenses,and reasonable termination expenses. Ownership of Documents: All documents produced by Bridging Solutions,LLC under this agreement shall remain the property of Bridging Solutions,LLC and may not be used by the Client for any other endeavor without written consent of Bridging Solutions,LLC. Dispute Resolution: Any claim or dispute between the Client and Bridging Solutions, LLC shall be submitted to non- binding mediation, subject to the parties agreeing to a mediator(s). This agreement shall be governed by the laws of the principal place of business of Bridging Solutions,LLC. Accuracy of Client Documents: The Client shall furnish,at the Client's expense,all information, requirements, reports, data, surveys and instructions required by this Agreement. Bridging Solutions, may use such information, requirements, reports,data,surveys and instructions in performing its services and is entitled to rely upon the accuracy and completeness thereof. Electronic Documents: The Client acknowledges Bridging Solutions'plans and specifications,including all documents on electronic media, as instruments of professional service. Nevertheless, the plans and specifications prepared under this Agreement shall become the property of the Client upon completion of the services and payment in full of the moneys due to Bridging Solutions, LLC. The Client shall not reuse or make or permit to be made any modifications to the plans and specifications without the prior written authorization of Bridging Solutions, LLC. The Client agrees to waive any claim against Bridging Solutions arising from any unauthorized reuse or modification of the plans and specifications. Excluded Services: Services not set forth above in the Scope of Services of this agreement are specifically excluded from the scope of Bridging Solutions' services. Bridging Solutions' assumes no responsibility to perform any services not specifically listed in the Scope of Services. Fiduciary Responsibility: The Client confirms that neither Bridging Solutions, LLC nor any of our subconsultants or subcontractors has offered any fiduciary service to the Client and no fiduciary responsibility shall be owed to the Client by Bridging Solutions,LLC or any of our subconsultants or subcontractors, as a consequence of Bridging Solution's entering into this Agreement with the Client. 1611A2 Ypf pNp : E O ' 3 ' N F i 8 �L`1 1-LL N ' N P 10 n 1-1 tCyi`T11 {�l H LI! N 8 g a N N 1: b N 2 p ° H 8 ° ° SI i8 0 l ° K bi o m` 88 a HLgg as o 8 ° - O . - to pOp N 8:-; II co * N O N N P CI ae- ()S• 18 0 w O..s X11 Iii 1glj i j Q 'd a O. W .- N f7 Y in m 1 F N N N N N N 161 1 A2 vte 1 'di i $u- N a ri . 1D f: 1 iV i- M a ii .. I W M 1 N - W zr 1 o .8 11 0 II 8 0 x a .R m 8 g8 °o lig! 1M8 a $ o (., �p 0 `a * C h m N W N i 0 $ o W g' ('5 M — a ♦ o N N 0 28�p N 8 t O a1- ••• a 18 0 e a`M ¢ S lj gi ii 31! Id g .1 1 11 a Hi 4 LL N f7 Y 4I, CO I- fV N N N N N_ _ 1b11 A2 Stantec Stantec Consulting Services Inc. 3900 Colonial Blvd..SuNe 100 Fort Myers R 33966 Tel:(239)939-1020 Far:(239)939-3412 PROFESSIONAL SERVICES PROPOSAL TO: Heritage Bay Community Development District do: Severn Trent Services Justin Faidoth,CAM Assistant District Manager 5611 Country Lakes Drive Fort Myers,FL 33905 Phone: 245-7118 dY by davidatillisenestantaccem FROM: i(J<1C • °"k°'�n4W • Date:2015.01010ktT.10-WOO .Haines,PSM David S.Wilkison,P.E. Su y Manager—Fort Myers Principal,Community Development DATE: April 1,2015 SUBJECT: Heritage Bay Bridge Topographic Survey Section 24,Township 48 South,Range 28 East Caller County,Florida 1. 1.1. Heritage Bay Community Development District (Client)wishes to hire a consultant to provide Surveying and Engineering Consulting Services for the area of the existing bridge located a long Heritage Bay Blvd.within the Heritage Bay community located In unincorporated Cd ter County (Project). (see attached exhibit) 12. Stantec Consulting Services Inc.(Consultant)has been requested to submit a proposal to render surveying and engineering services in support of the design and reconstruction of existing stone landscape walls. 1.3. Stantec will coordinate with representatives of the Client. Other subconsultsnts for legal or technical support,as may be needed,will contract directly with the Client. 2. 'COPE OF SERVICES 2.1. BIAMINNtritilli001 • Prepare a Topographic Survey in the vicinity of the existing rook walls to supplement survey data per Stantec drawing file 10-215812438-SUO1 dated 12/08/14. • Obtain bottom of lake elevations within twenty-live(25)feet of the shore the within the limps of the rock walls. Develop existing ground crass sections at 25 foot intervals in the vicinity of the walls. • Update the editing Digital Terrain Model(DTM)of the area from the 12/8/14 survey above and provide survey data in electronic CAD format 161 1A2 1.2015 Mot Hedlago say ComsRrIIy lnevelopmenf MOW Page 2 of aelerenc x Maass lay Midge Topographic Survey • Establish a monumented survey baseline and set vertical and horizontal control points to be used in the field during construction. • Provide six(6)sealed copies of the survey to the Client. 22. • Permitting—Submit the preliminary plans and specifications to Collie-County and the South Florida Water Management District and perform coordination related to the requirements for permitting for the wati replacement. We assume that the wall replacement project will be considered matntenanoe which should allow the agencies to grant an exemption from permitting.The design plans will include notes requiring best practices for erosion control. 3. GEI&RAL CONDITIONS AND UNDERSTANDINGS 3.1. Due to the various laws and ordi anoas relating to projects of this nature, legal counsel will be required. This service is spect lcally excluded from this proposal. It is our understanding that the Client will retain legal counsel for advice and participation as a professional team member. 32. The Chant may be required to provide other Information, plans, calculations and data as identified in Section 2.0,SCOPE OF SERVICES,or as may be requested by Mantic during the course of the Project. Client Is expected to furnish Stantec with full information, including any special or extraordinary considerations for the Project or special services needed. Client Is also expected to make available any pertinent documentation regarding deeds,easements,right-of- way,eta 3.3. The Client is responsible for providing for access to the subject property. 4. g(CLUDED SERVICES, The professional services that Stantec will provide under this Proposal/Agreement Include,and are limited to,those described above in Section 2.0,SCOPE OF SERVICES. All other services are specifically excluded. 5. The fees for SCOPE OF SERVICES shall be as follows: PARR SERVICE FEE FEE TYPE AMOUNT 2.1 Surveying Services Fixed $2,000 2.2 Engineering Services Fixed $2,500 0. ACCEPTANCE AND AUTHORIZATION TO PROCEED 6.1. kailsomeal This Agreement gives no rights or benefits to anyone other than the Client and the Consultant, and all duties and responsibIlItes undertaken pursuant to this Agreement will be for the sole 161 i A2 Ap1111.2015 Chat Mango Say CoemaeNy Dav&epraanf Dtddct Pogo iof3 It derence:Heritage kW Mae Topographic Spey benefit of the Client and the Consultant. The Client shall not assign or transfer any rights under or interest in this Agreement, or any Balm arising out of the performance of Services by Consultant,without the written consent of the Consultant. 8.2. Payment Schedule When professional services relating to the design and permitting process are performed for a fixed fee,fees shall be billed monthly for the project portion completed to the billing date. Full payment of the fixed fee associated with that permit application or deliverable shall be due to Stantec at that time. 8.3. This Proposal/Agreement is open for aoceptanoe by the Client for 60 days from the data of this proposal,after which it will be withdrawn by Stantec and may be subject to re-negotiation. 8.4. If this Proposal/Agreement satisfactorily sets forth the Client's entire understanding of the agreement,please sign the endosed copy of this agreement in the space provided and return It to Stantec as authorization to proceed with the work. 6.5. I HEREBY CERTIFY that Heritage Bay Community Development District Is the Owner of record of the property which is the subject of this proposal and hereby authorize the performance of the services as described herein and agree to pay the charges resulting thereby as identified above In accordance with the attached Standard Business Terms and conditions of Stantec Consulting Services Inc. I also acknowledge that I have read, understand, and agree to the Standard Business Terms and Conditions attached hereto and made a part of this Agreement I warrant and represent that I am authorized to enter into this Agreement on behalf of Heritage Bay Community Development Distrk4. fir Accepted this .day tILL 1 2015. (igte Signature ■IPT ve Print Name Heritage Bay Community Development District do Severn Trent Services Justin Fairdoth,CAM Assistant District Manager 5911 Country Lakes Drive Fort Myers,FL 33005 Phone: 239-245-7118 End: Emit Standard Baines,Tema and Conditions 161 A2 f ,. , ? 1 I , i i 1 . J r I ,; M I F II °i l d, Syr Vl i 1: ,,, i ■ L 1 '.?, I.' 1 ,,,t,, 1 . (5 ... , _ ,,,, 1.- 1 . . ) i 1 ) , r , . .. L. i 1 „, I , -, its Li , \ , , i L 6 I t I l Y i Ill ; Hf Juls , I i I i . / - I 1 11P41 iii , 161 1' 1A2 Stantec PROFESSIONAL SERVICES TERMS AND CONDITIONS Page 1 of 2 The following Terms and Conditions are attached to and form part of the Proposal for Professional Servlcas to be performed by STANTEC and together,when the CLIENT authorizes STANTEC to proceed with the services.oonstltute the AGREEMENT. DESCRPTION OF WORK:STANTEC shall render the services described In the Proposal(hereinafter called the"SERVICES')to the CLIENT. TERMS AND CONDITIONS: No terms,conditions, understandings, or agreements purporting to modify or vary these Terms and Conditions shall be binding unless hereafter made in writing end signed by the CLIENT end STANTEC. In the event of any context between the Proposal and these Terns and Conditions,these Terns and Conditions shall take precedence. This AGREEMENT eupercedes all previous agreements,arrangements or understandings between the parties whether written or oral In connection with or incidental to the PROJECT COMPENSATION: Payment is due to STANTEC upon receipt of invoice. Failure to make any payment when due Is a material breech of this AGREEMENT and will entitle STANTEC,et its option,to suspend or terminate this AGREEMENT and the provision of the SERVICES. Interest will accrue on accounts overdue by 30 days at the lesser of 1.5 percent per month(18 percent per annum)or the maximum legal rate of Interest.Unless otherwise noted,the fees in this agreement do not Include any value added,sales,or other taxes that may be applied by Government on fees for services.Such taxes will be added to all Invoices as required, NOTICES: Each party shall designate a representative who Is authorized to act on behalf of that party.All notices,consents,and 'approvals required to be given hereunder shall be in writing and shall he given to the representatives of each party. TERMINATION: Either patty may terminate the AGREEMENT without cause upon thirty(30)days notice in writing. If either party breaches the AGREEMENT and fails to remedy such breech within seven(7)days of notice to do so by the non-defaulting party,the non-defaulting party may immediately terminate the Agreement.Non-payment by the CLIENT of STANTEC's invoices within 30 days of STANTEC rendering same is agreed to constitute a material breach and, upon written notice as prescribed above, the duties, obligations and responsibilities of STANTEC are terminated.On termination by either party,the CLIENT shell forthwith pay STANTEC all fees and charges for the SERVICES provided to the effective date of termination. ENVIRONMENTAL: Except as specifically described in this AGREEMENT, STANTEC's field Investigation,laboratory testing end engineering recommendations will rot address or evaluate pot uhon of soil or pollution of groundwater. Where the SERVICES include store water pollution prevention (SWPP), sedimentation or erosion control plans, specifications, procedures or related consiruclon observation or administrative geld functions,CLIENT acknowledges that such SERVICES proposed or performed by STANTEC are not guaranteed to provide complete SWPP.sedimentation or erosion control,capture all run off or siltation,that any physical works are to be constructed and maintained by the CLIENT's contractor or others and that STANTEC has no control over the ultimate effectiveness of any such works or procedures,Except to the extent that there were errors or omissions In the SERVICES provided by STANTEC, CLIENT agrees to Indemnify and hold STANTEC harmless from and against all claims,costs, liabilities or damages whatsoever arising from any storm water pollution,erosion,sedimentation,or discharge of alt or other deleterious substances into any waterway,wetland or woodland and any resulting charges,Nrss,legal action.cleanup or related costa. PROFESSIONAL RESPONSIBILITY: In performing the SERVICES,STANTEC will provide and exercise the standard of care,aids end diligence required by customarily accepted professional practices normally provided In the performance of the SERVICES at the time arid the location in which the SERVICES were performed. IMITATION OF LIABILITY:The CLIENT releases STANTEC from any lability and agrees to defend,indemnify and hold STANTEC harmless from any and at claims,damages,bases,and%or expenses,died and indirect,or consequential damages,including tut not limited to attorney's fees and charges and court and arbitration cods,arising out of,or claimed to arae out of,the performance of the SERVICES,excepting liabiity arising from the sole negligence of STANTEC. It is further agreed that the total amount of all claims the CLIENT may have against STANTEC under this AGREEMENT, including but not limited to claims for negligence, negligent misrepresentation and/or breach of contract, shall be strictly limited to the lesser of professional fees paid to STANTEC for the SERVICES or$500,000. No claim may be brought arsenal STANTEC more than two(2)years after the cause of action arose. As the CLIENT's sole and exclusive remedy under this AGREEMENT any claim,demand or suit shall be directed and/or asserted only against STANTEC and not against any of STANTECe employees,officers or*erectors. STANTEC's liability with respect to any claims arising out of this AGREEMENT shall be absolutely linked to direct damages arising out of the SERVICES end STANTEC shall bear no liability whatsoever for any consequential leas, injury or damage incurred by the CLIENT,Including but not limited to claims for loss of use,loss of profits and/or loss of markets. INDEMNITY FOR MOLD CLAMS:It is understood by the parties that existing or constructed buildings may contain mold substances that can present health hazards end result In bodily injury, property damage and/or necessary remedial measures. If, during performance of the SERVICES,STANTEC knowingly encounters any such substances,STANTEC shall notify the CLIENT and,without liability for consequential or any other damages,suspend performance of services until the CLIENT retains a qualified specialist to abate and/or remove the mold substances.The CLIENT agrees to release and waive ell claims,including consequential damages, against STANTEC,Its eubconeuttante end their offi:em, directors end employees arising front or in any way connected with the existence of mold on or about the project site whether during or after completion of the SERVICES.The CLIENT further agrees to Indemnify and hold STANTEC harmless from and against all claims,costs,liabilities and damages,including reasonable attorneys'fees end coats,arising in any wiry from the existence of mold on the project site whether during or after completion of the SERVICES,except Revised 2073.08-12/wje Protaulo al Services tame and Co,dlldn.or StanNet Fmrm>Conpsny Fomweisk M.naamrenl>Slwhdad Fern Aarr amMVa 1611 A2 Stantec PROFESSIONAL SERVICES TERMS AND CONDITIONS Page 2of 2 for those claims,liabilities,costa or damages caused by the sole gross negligence and/or knowing or wilful misconduct of STANTEC. STANTEC and the CLIENT waive all rights against each other for mold damages to the extent that such damages sustained by either party are covered by insurance. DOCUMENTS: All of the documents prepared by or on behalf STANTEC In connection with the PROJECT are Instruments of service for the execution cot the PROJECT. STANTEC retains the property and copyright in these documents,whether the PROJECT a executed or not. These documents may not be used for any other purpose without the prior written consent of STANTEC. In the event STANTECs documents are subsaquenuy reused or modified In any material respect without the prior consent of STANTEC,the CLIENT agrees to defend,hold harmless end Indemnify STANTEC from any claims advanced on account of said reuse or modification. Any document produced by STANTEC in reWion to the Services is intended for the sale use of Client The documents may not be relied upon by any other party without the express written consent of STANTEC,which may be withheld at STANTECe discretion,My such consent will provide no greater rigMa to the third party than those held by the Client under the contract,and wit only be authorized pursuant to the conditions of STANTEC'a standard form valence letter. STANTEC cannot guarantee the authenticity,Integrity or completeness of data flies supplied In electronic formal CElectronlc Flies'). CLIENT shall release, indemnify and hold STANTEC,its officers,employees.consultants and agents harmless from any cialms or damages arising Porn the use of Electronic Flea Electronic files will not contain stamps or seals,remain the properly of STANTEC,are not to be used for any purpose other than that for watch they were transmitted,and are not to be retransmitted to a third party without STANTECs written consent. FELD SERVICES: STANTEC shall not be responsible for construction means,methods,techniques,sequences or procedure&or for safety precautions and programs In connection with work on the PROJECT,and shall not be responsible for any contractor's failure to carry out the work in accordance with the contract documents. STANTEC shag not be responsible for the acts or omissions of any contractor,subcontractor,any of their agents or employees,or any other persons performing any of the work In connection with the PROJECT. GOVERNING LAW/COMPUANCE WITH LAWS: The AGREEMENT shall be governed,construed and enforced in accordance with the laws of the jurisdiction In which the majority of the SERVICES are performed.STANTEC shag observe end comply with all applicable laws,continue to provide equal employment opportunity to ell qualified persons,and to recruit,hire,train,promote and compensate persons In all jobs without regard to race,color,religion,sex,age,disability or notional origin or any other basis prohibited by applicable laws. DISPUTE RESOLUTION: if requested In writing by either the CLENT or STANTEC,the CLIENT and STANTEC shell attempt to resolve any dispute between them arising out of or in connection with this AGREEMENT by entering into structured ran-binding negotiations with the assistance of a mediator on a without prejudice basis. The mediator ahal be appointed by agreement of She parties. K e dispute cannot be settled within a period of thirty(30)calendar days With the mediator,if mutually agreed,the depute shall be referred to arbitration pursuant to laws of the jurisdiction in which the majority of the SERVICES are performed or elsewhere by mutual agreement. ASSIGNMENT: The CLIENT and STANTEC shall not,without the prior written consent of the otter party,assign the benefit or In any way transfer the obligations under these Terms and Conditions or any pert hereof. SEVERABILITY: If any tern,condition or covenant of the AGREEMENT Is held by a court of competent jurisdiction to be Invalid,void, or unenforceable,the remaining provisions of the AGREEMENT shall be binding on the CLIENT end STANTEC. FLORIDA CONTRACTS: PURSUANT TO FLORIDA STATUTES CHAPTER 558.0035 AN INDIVIDUAL EMPLOYEE OR AGENT MAY NOT BE HELD INDIVIDUALLY LIABLE FOR DAMAGES RESULTING FROM NEGLIGENCE. Revised 2013-08-12/wje Prdaaabnad Savloes/arm and Canadians on St r Mt Foam Company FoaraaQidr Menseamonts Standard Fern Apeaawrs 161 1 1A 2 Teague, Calvin From: Gonzalo Ayres <gonzalo.ayres @lakeandwetland.com> Sent: Friday, March 20,2015 1:43 PM To: Teague,Calvin Cc Gonzalo Ayres;Andrea Bohara;Brian Fischer; Philippe Tremblay Subject: Re:Heritage Bay Additional Herbicide Treatments Attachments: PastedGraphic-1.tiff 1. "One time additional herbicide treatment"; I am not sure what this means. I thought applications are supposed to be ongoing and what happens if one time doesn't work?Our thought was that LWM,our contractor was to take care of our lakes and prevent any problems,your competition doesn't always come at us for additional payments even if sonar has to be used?What happens if one treatment doesn't take care of it or if you guys let it come back? I don't like this at all! The one time treatment will be installed over 90 days with a treatment every 30 days.This is the most effective way to treat the pondweed that is growing in the deeps waters of Heritage Bay.The Fluridone will target the root system and kill the plant.When LWM took over Heritage Bay the submersed vegetation was already well established.Since we've begun treatments we have seen an overall improvement. After the initial 90 day treatment if any additional follow treatments are needed they will be covered by LWM,for the pondweed. 2. This proposal is for 40 months; I understand that this is how you cover your expenses? This is OK IF it will do the job. But what happens if it does not do the job;what will LWM do,charge us again? Are we still stuck at 40 months for a treatment you suggested but didn't provide the long term solution were expecting?See above 3. How will you monitor actual use of the Sonar vs other chemicals being used?I will expect Justin to receive a regular report reflecting the treatment! Reports will be submitted after each visit as normal but we will also be pulling water samples from the treated lakes to monitor the concentration of the Fluridone so that we can make sure we are getting the most effective treatment. 4. You are creating budgeting problems for me and with the new budget for 2016 being developed what should we expect for increases?I'm not happy that it seems like we are always confronted with new costs! The only current problem we have is with the lakes that have the pondweed.The money requested in this proposal is to solely cover a portion of the total cost of the herbicide needed. We are currently losing money every month trying to treat the pondweed with contact herbicides to keep it from topping out. 5. What are your plans for 30 A and B? Same concerns as stated above as we need to anticipate actual expenditures so that we can properly budget for lake maintenance, I really thought we would have a better grasp on them than we do now! These lakes are still a mess and it appears that we are losing this battle. I was waiting on an answer from you, I was under the impression that there was a budget set aside for 30A and 30B themselves because of their size. 1 161 1 YA2 If you have any other questions please let me know,have a great weekend. Sincerely, Gonzalo Ayres Lake and Wetland Management-Orlando-Tampa, Inc. 13721 Jetport Commerce Parkway Ste 5 Fort Myers, Fl 33913 Office Phone: 239-313-6947 Office Fax: 239-313-6950 www.lakeandwetland.com aonza lo.avres()lakeandwetland.corn Lake &Wetland v ;:_ MANAGEMENT On Mar 20,2015,at 8:03 AM,Teague,Calvin<Cal.Teague(STServices.com>wrote: Gonzalo I still have questions, you must have had a lawyer write this proposal because it appears to protect his client—you guys.Anyhow here are the concerns let me know your thoughts: 1. "One time additional herbicide treatment"; I am not sure what this means. I thought applications are supposed to be ongoing and what happens if one time doesn't work?Our thought was that LWM,our contractor was to take care of our lakes and prevent any problems,your competition doesn't always come at us for additional payments even if sonar has to be used?What happens if one treatment doesn't take care of it or if you guys let it come back? I don't like this at all! 2. This proposal is for 40 months; I understand that this is how you cover your expenses? This is OK IF it will do the job. But what happens if it does not do the job;what will LWM do,charge us again? Are we still stuck at 40 months for a treatment you suggested but didn't provide the long term solution were expecting? 3. How will you monitor actual use of the Sonar vs other chemicals being used?I will expect Justin to receive a regular report reflecting the treatment! 4. You are creating budgeting problems for me and with the new budget for 2016 being developed what should we expect for increases?I'm not happy that it seems like we are always confronted with new costs! 5. What are your plans for 30 A and B? Same concerns as stated above as we need to anticipate actual expenditures so that we can properly budget for lake maintenance, I really thought we 2 161 1 A2 would have a better grasp on them than we do now! These lakes are still a mess and it appears that we are losing this battle. Anyhow your comments would be appreciated. Calvin Teague District Manager Severn Trent Management Services 5911 Country Lakes Drive Fort Myers, FL 33905 T:239-245-7118 ext. 301 F:239-245-7120 M:239-223-4437 E:cal.teague @stservices.com SUPERVISORS.PLEASE DO NOT REPLY TO ALL AS THIS COULD BE A VIOLATION OF THE FLORIDA SUNSHINE PROVISIONS. From:Gonzalo Ayres [mai!to:gonzalo.avrest lakeandwetland.corn] Sent:Wednesday,March 18,2015 11:41 AM To:Teague,Calvin Cc:Brian Fischer; Philippe Tremblay; Dennis Kunish;Andrea Bohara;Gonzalo Ayres Subject:Re: Heritage Bay Additional Herbicide Treatments Cal, Please see revised contract,if you have any questions please let me know.Thank you. 3 ,, • 161t1 2 , \ v -- / Lake &Wetland MANAGEMENT SPECIAL SERVICE AGREEMENT This Agreement is made between Lake and Wetland Management, Inc., and: March 18, 2015 Heritage Bay Community Development District c/o Severn Trent Services Justin.faircloth©stservice.com 210 North University Drive, Suite #702 (239) 245-7118 Office Coral Springs, Florida 33071 (239) 245-7120 Fax Both Heritage Bay and Lake and Wetland Management agree to these terms and conditions for Special Service Agreement: Description of Service Amount One time additional herbicide treatment of $21,500.00 All lakes except 30A and 30 B to target pondweed. Existing customer discount: -$ 5,500.00 Total: $16,000.00 *Customer agrees to pay LWM $400.00 per month for 40 months to pay for treatment. In the event that Heritage Bay cancels ongoing service prior to fulfilling their commitment for this agreement, full balance will be due and payable upon cancellation of service. Conditions: 1. Ownership of property is implied by CUSTOMER with acceptance of this Agreement. In the event that CUSTOMER does not expressly own the areas where the above stated services are to be provided, CUSTOMER represents that express permission of the owner is given and that authorization to commence the above mentioned services is allowed. In the event of dispute of ownership, CUSTOMER agrees to hold harmless LWM for the consequences of such services. Lake and Wetland Management, Inc. (239)313-6947 Office • (239)313-6950 Fax • officalakeandwetland.com • www.lakeandwetland.com 161 1 A'2 Special Service Agreement Page 2 2. LWM shall not be responsible for acts beyond its reasonable control, including adverse soil and / or water conditions, adverse weather conditions, unavailable materials, Acts of God, war, acts of vandalism, theft or third party actions. CUSTOMER further states that neither party shall be responsible in damages or penalties for any failure or delay in performance of any of its obligations caused by above named incidences. 3. Invoices submitted for work completed shall be paid within 30 days of receipt. A finance charge of 1.500% per month or an annual percentage rate of 18.000% will be computed on all past due balances. 4. Any Incidental activity not explicitly mentioned in this proposal is excluded from the scope of work. 5.This proposal shall be valid for 30 days. Either party may cancel this contract with 30-day written notice. This Agreement automatically renews upon anniversary of execution date, unless notice is given by either party with at least 30 days written notice. 6. If LWM Is required to enroll in any third-party compliance programs, Invoicing or payment plans that asses fees in order to perform work for CUSTOMER, those charges will be invoiced back to CUSTOMER as invoiced to LWM. 7. LWM will maintain insurance coverage, which includes but is not limited to; General Liability Property Damage, Automobile Liability, and Workman's Compensation at its own expense. 8. No alterations or modifications, oral or written, of the terms contained above shall be valid unless made in writing, and wholly accepted by authorized representatives of both LWM and the CUSTOMER. Customer acceptance -The above prices,specifications and conditions are hereby accepted. CZc vvyccto-Ayratr /' /i♦ Gonzalo Ayres Authorized siCllii, Date Lake and Wetland Management, Inc. Heritage Bay C579. Lake and Wetland Management,Inc. (239)313-6947 Office • (239)313.6950 Fax • ofllcefIakeandwedand.corn• www.lakeandwedand.cam 161 1 A2 DATE: 03/15/2015 Copeland Southern Enterprises,Inc. OWNER INFORMATION: PROFESSIONAL SERVICES AGREEMENT BETWEEN COPELAND SOUTHERN ENTERPRISES,INC.AND TELEPHONE NO.: (239)245-7118/306 Fax No: (239)245-7120 Heritage Bay Community Development District in Naples E-MAIL:Justin.Faircloth cr,stservices.com, OWNER INFORMATION: PROJECT MANAGER:Scott Copeland OWNER'S ADDRESS: 10154 Heritage Bay Blvd,Naples,FL 34120 FEE AND TYPE: BILL TO THE ATTENTION OF:Justin Faircloth,Assistant District Manager Time&Materials based upon the Rate Schedule in PROJECT NAME:Install Yard Drain and repair Erosion slope ond ,1 effect at the time service is rendered. Estimated Fees: WORK DESCRIPTION:Install 1 x 9"Yard Drain with 4"Berm around control box on Lake 22. Not-To-Exceed Fixed Fee based upon the Rate REMARKS: 1)All Resident and Guest will need to be notified to stay clear of the work Schedule in effect at the time service is rendered: area during the project for safety reasons.2)It is CSEI recommendation to install the 9" Yard Drain and 4"retaining berm at the Control box to stop the ongoing erosion repairs lump Sum Fixed Fee: $ 975.00 caused by the roof drains from nearby Condos. Total Fees: S 975.00 Dear Justin Faircloth In Pursuant to your request, Copeland Southern Enterprises, Inc. is pleased to submit the following proposal for the Yard Drain and erosion repairs on Lake 6,for the above-referenced project: SCOPE OF SERVICES(Limited to the following): 1. CSEI will set up MOT and safety around work areas to insure the safety of the residents and guests during the project. 2. CSEI will Install I New 9"Yard Drain on the SE Edge of the existing Control Box. 3. A 4"High dirt and sod Berm will be built around the Drain and control box to insure all storm water runoff will enter into the Yard Drain and then out into Lake 6 to stop erosion on the North Bank. 4. Crews will connect a new 4"CPP,Buried into slope and trench out 40 +from the newly install catch basins out into and below Lake 6 Control Line+ 1.5 ft. 5. Both Eroded areas will be back filled with reclaimed material from Lake 6. 6. After slope,has been re-graded back to proposed grade,matching sod will be installed in repaired areas. 7. Work is estimated to take 1 day to complete. 8. MOT and Safety will be removed after project has been completed and work areas have been policed. Note: Any additional work and services requested, and is not found in this Proposal can be done, but will require additional cost to be paid in full with proposal fee upon the completion of Job. We at Copeland Southern Enterprises hope this meets your approval and satisfies your requirements.If so please sign the contract proposal below and return a copy to our office by Fax or Email.Should you have any questions or need any additional information, Please do not hesitate to call Scott Copeland at 239-995-3684 or Mobile#239-707-6806.Fax 239-995-0058 OWNER AUTHORIZATION: I warrant and represent that I am authorized to enter into this contract fin.professional services and I hereby authorize the performance of the above services and agree to pay the charges upon the completion of the Job resulting there from as identified in the"FEE TYPE"section above. I have read,understand and agree to these Standard Business Terms. Authorized Signature: Date: Typed Name&Title: 1. 611 " A2 DATE: 03/15/2015 Copeland Southern Enterprises,Inc. OWNER INFORMATION: PROFESSIONAL SERVICES AGREEMENT BETWEEN COPELAND SOUTHERN ENTERPRISES,INC.AND TELEPHONE NO.: (239)245-7118/306 Fax Nu: (239)245-7120 Heritaee Bay Community Development District in Naples E-MAIL:Justin.Faircloth@stservices.com,. OWNER INFORMATION: PROJECT MANAGER:Scott Copeland OWNER'S ADDRESS: 10154 Heritage Bay Blvd,Naples,FL 34120 FEE AND TYPE: BILL TO THE ATTENTION OF:Justin Faircloth,Assistant District Manager Time&Materials based upon the Rate Schedule in PROJECT NAME: ` 9 ion Repairs effect at the time service is rendered. Estimated Fees: WORK DESCRIPTION:Repair eroded slope and install geo web and Rip Rap Not-To-Exceed Fixed Fee based upon the Rate REMARKS: 1)Permits to be pulled by owners or Engineer if needed.2)CSEI will need Schedule in effect at the time service is rendered: a staging area to store equipment and supplies within 500 feet of the work area. 3)All $ Sprinkler heads within the 20 lake easement must be clearly marked and turned off or capped during the construction, to prevent additional erosion.4)CSEI cannot warranty Lump Sum Fixed Fee: $ 4,775.00 repaired slopes after the completion of project against future erosion caused by excessive rain, flooding,drainage problems,lawn crews and equipment, improper set or damaged Total Fees: $ 4,775.00 irrigation systems,Ect. Dear Justin Faircloth In Pursuant to your request,Copeland Southern Enterprises,Inc.is pleased to submit the following proposal for the Lake restorations project on Lake 19 for the above-referenced project: SCOPE OF SERVICES(Limited to the following): 1. CSEI will set up MOT around work areas to insure the safety of the residents and guests during the project. 2. CSEI crew will repair slope,lay Geo Web and install Rip Rap in 2 x 40 foot long by 8 foot wide wash out's at the southwest corner of Lake 19 to repair the eroded areas and match existing Lake slopes 3. CSEI will contour rip rap to a flume style shape to retain water within the rip rap until it reaches the lake to prevent future erosion problems. 4. Lawns will be repaired with dirt or Sod within work areas, where crossing has damaged grass; (after lake repairs are completed) 5. Work is estimated to take 3 days to complete. 6. MOT will be remove after project has been completed,cleaned and equipment removed from site. Note:Any additional work and services requested,and is not found in this Proposal can be done,but will require additional cost to be paid in full with proposal fee upon the completion of job. We at Copeland Southern Enterprises hope this meets your approval and satisfies your requirements.If so please sign the contract proposal below and return a copy to our office by Fax or Email.Should you have any questions or need any additional information,Please do not hesitate to call Scott Copeland at 239-995-3684 or Mobile#239-707-6806.Fax 239-995-0058 OWNER AUTHORIZATION: I warrant and represent that I am authorized to enter into this contract for professional services and I hereby authorize the performance of the above services and agree to pay the charges upon the completion of the Job resulting there from as identified in the"FEE TYPE"section above. I have read,understand and agree to these Standard Business Terms. Authorized Signature: Date: Typed Name&Title: 1 2015, Lake# 19 Erosion Restoration Project , i' / 1. 1 .i L + � a - • € y .i " fib: A� i 1611 A2 DATE: 03/15/2015 Copeland Southern Enterprises,Inc. OWNER INFORMATION: PROFESSIONAL SERVICES AGREEMENT BETWEEN COPELAND SOUTHERN ENTERPRISES,INC.AND TELEPHONE NO.: (239)245-7118/306 Fax No: (239)245-7120 Heritage Bay Community Development District in Naples E-MAIL:Justin.Faircloth ctstservices.com, OWNER INFORMATION: PROJECT MANAGER:Scott Copeland OWNER'S ADDRESS: 10154 Heritage Bay Blvd,Naples,FL 34120 FEE AND TYPE: BILL TO THE ATTENTION OF:Justin Faircloth,Assistant District Manager Time&Materials based upon the Rate Schedule in PROJECT NAME:Install 3 Curb Inlets and repair Erosion Wash Outs or* ,1<"a'K w y effect at the time service is rendered. Estimated Fees: WORK DESCRIPTION:Install 3 Catch Basins 12"x 12"at back of existing Curb and Sidewalk with 4"drains buried in slope out to 1.5 ft+below Lake 22 Control Line. Not-To-Exceed Fixed Fee based upon the Rate REMARKS: 1)All Resident and Guest will need to be notified to stay clear of the work Schedule in effect at the time service is rendered: area during the project for safety reasons.2)CSEI will need a staging area within 500 t1 of lake 22 for the storage of equipment and supplies until job has been completed.3)It is Lump Sum Fixed Fee: IS 4.575.00 CSEI recommendation to install the Curb Inlets at the back of the existing sidewalk to stop the ongoing yearly and expensive Rip Rap repairs. Total Fees: S 4.575.00 Dear Justin Faircloth In Pursuant to your request,Copeland Southern Enterprises, Inc. is pleased to submit the following proposal for the 3 Curb Catch Basin and Drainage installs on Lake 22,for the above-referenced project: SCOPE OF SERVICES(Limited to the following): 1. CSEI will set up MOT around work areas to insure the safety of the residents and guests during the project. 2. CSEI will Install 3 New 12"x 12"Catch Basin on the South Edge of the existing Sidewalk and in the existing drain ports. 3. New 12"x 12"Catch Basins, will have a matching 6 inch curb,poured around the Basins to insure all storm water inters into the Catch Basins and then out into the Lake 22 without causing any more erosion to North Bank. 4. Crews will connect a new 4"CPP, Buried into slope and trench out 17+ from the newly install catch basins out into and below Lake 22 Control Line+ 1.5 ft. 5. All 3 Eroded areas will be back filled with reclaimed material from Lake 22. 6. After slope,has been re-graded back to proposed grade,a Coconut Erosion mat will be installed in slope. 7. Work is estimated to take 3 days to complete. 8. MOT will be removed after project has been completed and work areas have been policed. Note: Any additional work and services requested, and is not found in this Proposal can be done, but will require additional cost to be paid in full with proposal fee upon the completion of job. We at Copeland Southern Enterprises hope this meets your approval and satisfies your requirements.If so please sign the contract proposal below and return a copy to our office by Fax or Email.Should you have any questions or need any additional information, Please do not hesitate to call Scott Copeland at 239-995-3684 or Mobile#239-707-6806.Fax 239-995-0058 OWNER AUTIIORIZATION: I warrant and represent that I am authorized to enter into this contract for professional services and I hereby authorize the performance of the above services and agree to pay the charges upon the completion of the Job resulting there from as identified in the"FEE TYPE"section above. I have read,understand and agree to these Standard Business Terms. Authorized Signature: Date: Typed Name&Title: 161 1 ` 2 Lake 22 Repair Areas y + 1F L . _. - amae� �a . i [ __. ... '- �. ... • a 16IrA Copeland Southern Enterprises,Inc. DATE: 03115/2015 OWNER INFORMATION: PROFESSIONAL SERVICES AGREEMENT BETWEEN COPELAND SOUTHERN ENTERPRISES,INC.AND TELEPHONE NO.: (239)245-7118/306 Fax No: (239)245-7120 Heritage Bay Community Development District in Naples E-MAIL:Justin.Faircloth a,stservices.com, OWNER INFORMATION: PROJECT MANAGER:Scott Copeland OWNER'S ADDRESS: 10154 Heritage Bay Blvd,Naples,FL 34120 FEE AND TYPE: BILL TO THE ATTENTION OF:Justin Faircioth,Assistant District Manager Time&Materials based upon the Rate Schedule in PROJECT NAME:Extend Yard Drain and repair wash out on rake 23:<''1 effect at the time service is rendered. Estimated Fees: WORK DESCRIPTION:Remove existing Damaged yard drain and extend existing 4" Corrugate Plastic Pipe out into Lake 23 to 1.5 Foot below Lake Control Line. Not-To-Exceed Fixed Fee based upon the Rate REMARKS: 1)All Resident and Guest will need to be notified to stay clear of the work Schedule in effect at the time service is rendered: area during the project for everyone's safety. 2)Sod in newly repaired area will need to be watered daily. Lump Sum Fixed Fee: . S 1,975.00 Total Fees: S 1.975.00 Dear Justin Faircloth In Pursuant to your request, Copeland Southern Enterprises,Inc. is pleased to submit the following proposal for the Lake 23 repairs to existing yard drain and eroded area,for the above-referenced project: SCOPE OF SERVICES(Limited to the following): 1. CSEI will set up MOT and safety around work areas to insure the safety of the residents and guests during the project. 2. CSEI will dig out damaged Yard Drain and 4"CPP back into slope where pipe is still in good condition for new connection. 3. Crews will then dig a trench 15'+from existing damaged yard drain out to and below Lake 23 Control Line+1.5 ft. 4. Crews will install a new 4"CPP into trench and back fill. 5. Eroded area from damaged drain will be back filled with reclaimed material from Lake 23 at eroded location. 6. After slope has been repaired back to proposed slope,a Coconut Erosion will be installed into slope. 7. New matching Sod will be laid over the top of the Coconut erosion mat down to Lake Control line. 8. Work is estimated to take 9 Hours to complete. 9. MOT and safety will be removed after project has been completed and work areas have been policed. Note: Any additional work and services requested, and is not found in this Proposal can be done, but will require additional cost to be paid hi full with proposal fee upon the completion of job. We at Copeland Southern Enterprises hope this meets your approval and satisfies your requirements.If so please sign the contract proposal below and return a copy to our office by Fax or Email.Should you have any questions or need any additional information, Please do not hesitate to call Scott Copeland at 239-995-3684 or Mobile#239-707-6806.Fax 239-995-0058 OWNER AUTHORIZATION: I warrant and represent that I am authorized to enter into this contract for professional services and I hereby authorize the performance of the above services and agree to pay the charges upon the completion of the Job resulting there from as identified in the"FEE TYPE"section above. I have read,understand and agree to these Standard Business Terms. Authorized Signature: Date: Typed Name&Title: 161 1 A 2 Copeland Southern Enterprises,Inc. DATE: 03/15/2015 OWNER INFORMATION: PROFESSIONAL SERVICES AGREEMENT BETWEEN COPELAND SOUTHERN ENTERPRISES,INC.AND TELEPHONE NO.: (239)245-7118/306 Fax No: (239)245-7120 Heritage Bay Community Development District in Naples E-MAIL:Justin.Fairclothnastservices.com, OWNER INFORMATION: PROJECT MANAGER:Scott Copeland OWNER'S ADDRESS: 10154 Heritage Bay Blvd,Naples,FL 34120 FEE AND TYPE: BILL TO THE ATTENTION OF:Justin Faircloth,Assistant District Manager Time&Materials based upon the Rate Schedule in effect at the time service is rendered. Estimated Fees: PROJECT NAME ,y � .''Hazard Maker 3 WORK DESCRIPTION:Jet In,6 inch 10 foot tall PVC hazard maker into lake 30A to Not-To-Exceed Fixed Fee based upon the Rate warn boaters of submerged rock hazards. Schedule in effect at the time service is rendered: S REMARKS: 1) Permits to be pulled by owners or Engineer if needed. 2) All Resident and Guest will need to be notified to stay clear of the work area during Lump Sum Fixed Fee: $ 775.00 the project for everyone's safety. Total Fees: 5 775.00 Dear Justin Faircloth In Pursuant to your request,Copeland Southern Enterprises,Inc. is pleased to submit the following proposal for the Lake 30A Hazard Maker for the above-referenced project: SCOPE OF SERVICES(Limited to the following): 1. CSEI will set up MOT around work areas to insure the safety of the residents and guests during the project. 2. CSEI crew will Jet in a 6"x 10 foot long PVC,to be placed on the east edge of the rocks as seen on the Aerial below. 3. The Hazard Maker will have 3 Red safety reflective bands at the top of the maker to warn boats of the rock hazards below. 4. Maker will be white in color with 3 Red safety reflective bands all the way around the post with 6"gaps between bands. 5. MOT will be removed after project has been completed and work areas have been policed. Note: Any additional work and services requested, and is not found in this Proposal can be done, but will require additional cost to be paid in full with proposal fee upon the completion of job. We at Copeland Southern Enterprises hope this meets your approval and satisfies your requirements.If so please sign the contract proposal below and return a copy to our office by Fax or Email.Should you have any questions or need any additional information, Please do not hesitate to call Scott Copeland at 239-995-3684 or Mobile#239-707-6806.Fax 239-995-0058 OWNER AUTHORIZATION: I warrant and represent that I am authorized to enter into this contract for professional services and I hereby authorize the performance of the above services and agree to pay the charges upon the completion of the Job resulting there from as identified in the"FF.F TYPE."section above. I have read,understand and agree to these Standard Business Terms. Authorized Signature: Date: Typed Name&Title: i 6 1 s 1— A 2 Lake#30A Boaters Hazard Maker Installation Location fluf - ,... ,. 1 1 ,,. 3 ' , - ' 1 , . • ar, . e-.... / *.. . . -.,:. , 1 .' ...„. / , ,. . , ... ,..te / / I t io..efr r I •v-4. ."..‘ / ,.:4 4...., , ,i 1 4 , . '-1 ,ier*,0 I :a, 1 .,1 4.- 17._ A2 Copeland Southern Enterprises,Inc. DATE: 03/15/2015 OWNER INFORMATION: PROFESSIONAL SERVICES AGREEMENT BETWEEN COPELAND SOUTHERN ENTERPRISES,INC.AND TELEPHONE NO.: (239)245-7118/306 Fax No: (239)245-7120 Herita2e Bay Community Development District in Naples E-MAIL:Justin.Faircloth a,stservices.com, OWNER INFORMATION: PROJECT MANAGER:Scott Copeland OWNER'S ADDRESS: 10154 Heritage Bay Blvd,Naples,FL 34120 FEE AND TYPE: BILL TO THE ATTENTION OF:Justin Faircloth,Assistant District Manager Time&Materials based upon the Rate Schedule in effect at the time service is rendered. Estimated Fees: PROJECT NAME:Control Structure L50000O2 Skimmer Repair S WORK DESCRIPTION:Drill 3 Steel brackets and Concrete Wall to set 6 New Anchor Not Fixed Fee based upon the Rate Schedule e in effect at the time service is rendered: Bolts and Nuts for the Aluminum Skimmer Brackets. REMARKS: 1)All Resident and Guest will need to be notified to stay clear of the work Lump Sum Fixed Fee: S 175.00 area during the project for everyone's safety. Total Fees: S 175.00 Dear Justin Faircloth In Pursuant to your request,Copeland Southern Enterprises,Inc.is pleased to submit the following proposal for the Lake 30B repairs to the 3 support Brackets on the Aluminum Skimmer for the above-referenced project: SCOPE OF SERVICES(Limited to the following): 1. CSEI will set up MOT around work areas to insure the safety of the residents and guests during the project. 2. CSEI will drill out the existing skimmer screws attached to the Control Structure and set 6 new 3"Anchor Bolts in epoxy. 3. Once the anchor bolts in and epoxy has cured then skimmer brackets will be reattached to the structure with new stainless Steel nuts and washers. 4. Work is estimated to take 5 Hours to complete. 5. MOT will be removed after project has been completed and work areas have been policed. Note: Any additional work and services requested, and is not found in this Proposal can be done, but will require additional cost to be paid in full with proposal fee upon the completion of job. We at Copeland Southern Enterprises hope this meets your approval and satisfies your requirements.If so please sign the contract proposal below and return a copy to our office by Fax or Email.Should you have any questions or need any additional information, Please do not hesitate to call Scott Copeland at 239-995-3684 or Mobile#239-707-6806,Fax 239-995-0058 OWNER AUTHORIZATION: I warrant and represent that I am authorized to enter into this contract for professional services and I hereby authorize the performance of the above services and agree to pay the charges upon the completion of the Job resulting there from as identified in the"FEE TYPE"section above. I have read,understand and agree to these Standard Business Terms. Authorized Signature: Date: Typed Name&Title: iA2_ 161 Landshore`' Enterprises, ',Lc • eNc E�°P Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering,Erosion Control, Construction Management d/b/a Erosion Restoration Reinforcing the American Soils for over a decade Proposal Prepared for: The Heritage Bay CDD c/o: Mr. Justin Faircloth Severn Trent Services 5911 Country Lakes Drive, Fort Myers,FL 33905 3/24/2015 Landshoree Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida,33309 Tel:(954)327-3300 • Pi Fax:(954)533-1556 • 'L'1 Email:info @landshore.com Landshore Page 1of3 1 6 I `1 1� 2 ands ore ® n terprises, LLC 1r . ENr"'.��a Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering, Erosion Control, Construction Management d/b/a Erosion Restoration Reinforcing the American Soils for over a decade The Heritage Bay CDD ESTIMATE #3061 Attn:Mr.Justin Faircloth 5911 Country Lakes Drive, Date: 3/24/2015 Fort Myers,FL 33905 ITEMIZED ESTIMATE:TIME AND MATERIALS Amount LAKE 19 Washout on the southwest end of lake 19(aqua range);utilize fabric cloth and rip rap to carry water discharge completely into the lake. S2.100.00 LAKE 6 Washout on the south end by#12 green. 52.200.00 LAKE 2Z Storm water run off structure 11'x 4' $13.500.00 LAKE 21 Washout/bubbler reconnection by verandas off Siesta Bay. $570.00 LAKE 30A: Marking submerged rock that is approximately 25'off of south west lake bank. Marker to warn boaters of the danger and the rock's location. $555.00 LAKE 3013: Control structure L30000O2-replace missing concrete screws in aluminum skimmer to keep it from deforming during high water levels. $250.00 TOTAL ESTIMATED JOB COST $19,175.00 Landshore Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 Tel:(954)327-3300 • Fax:(954)533-1556 • Email:info@landshore.com Landshore Page 2 of 3 161 1 T-- A2 _soSHOp4. h L ands ®re ® E n ter rises, r i,c • EN�!Ea" Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering, Erosion Control, Construction Management d/b/a Erosion Restoration Reinforcing the American Soils for over a decade PAYMENT SCHEDULE Landshore Enterprises'payment policy is as follows: 25% Booking Date 35% Commencement Date 20% Progressive Invoice 20% Completion Date **Invoice is due upon receipt** SPECIAL CONDITIONS The prices quoted in this proposal are based on visual observation only. The client is responsible for survey,engineering and permitting with all government agencies having jurisdiction over the subject site. Actual prices may vary due to pre-existing geotechnical, or hydrographic conditions which will require different equipment, labor and material. No changes to the approved contract will be made without written approval from the client. Unless the client provided comprehensive and conclusive engineering report or paid for the same services to Landshore® Enterprises, LLC,the stipulated above price does not include rock removal,addition of suitable material as necessary,heavy equipment,land surveying,bathymetric survey,geotechnical exploration,engineering or permitting. Landshore° Enterprises,LLC is not responsible for damage to utilities if as-built drawings or locations are not provided by the client. Landshore Enterprises,LLC reserves the right to change this estimate unless an agreement is reached within 90 days of the original estimate date. This is an estimate only. This is not a contract This estimate is for completing the job described above,based on our evaluation.It does not include unforeseen price increases or additional labor and materials which may be required should problems arise. Client Representative Signature Date Landshore®Enterprises Representative Signature Date Landshore Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 Tel:(954)327-3300 • Fax:(954)533-1556 • Email:info @landshore.com Landshore Page 3 of 3 1 6 1 Al2 SEVERN Severn Trent Environmental Services,Inc. 5911 Country Lakes Drive Fort Myers, FL 33905 TRENT United States SERVICES 7 F: +1 239 694 5357 www severntrentservices.corn CONTRACT IN CONSIDERATION of the mutual covenants and promises contained herein,Severn Trent Environmental Services,Inc. (the"Company")agrees to perform the following services for Heritage Bay CDD(the"Client"): Location of Work: Heritage Bay CDD Start Date: Upon Approval Anticipated Completion Date: 7-10 days I. DESCRIPTION OF SERVICES: a. Lake#5: Reshape lake bank to eliminate debris from entering pipe.Use diver to dredge in and around out fall pipe.Install filter fabric and approximately 5-6 cubic yards of rip rap. b.Lake#6: repair washout near 12th green.Install#57 stone,filter fabric and rip rap. c. Lake#19: repair washout on the southwest end near aqua range.Install and extend filter fabric and rip rap to edge of lake. d.Lake#22:Trench all three(3)washed out areas with trackhoe.Install filter fabric and rip rap into lake. e. Lake#23: Reconnect bubbler and install new grate.Install filter fabric and rip rap to edge of lake. f.Lake#30A:Use diver to install a 30"x 20"aluminum warning sign approximately 25-30 feet into the lake.Note: Sign will be yellow with black lettering and double sided. "WARNING HIDDEN ROCKS". g.Lake#30B: Control Structure L30000O2,replace screws aluminum skimmer. II. CONTRACT PRICE: The Client agrees to pay the Company for the services provided under this agreement as follows: Item Description Unit Cost or Total Cost Agreed to: (please initial) C:\Users\drnanza AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlookl7QSSJR46\Lake 5 6 19 22 23 30A 30B repairs(3-24-15).doc Pg. 1 of 5 161 '1 2 Hourly Rate Lump Sum Total N/A $18,780.49 Unless stated otherwise above,payments are due in accordance with the standard terms and conditions of this Contract. 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. Agreed to: (please initial) C:UJsessIdmameWpppata lLocal\Microso8\Windows\Temporary Internet FileslConte*.Outlook\7QSSJR46V.dce S 6 19 22 23 30A 308 repairs(3-24-15).doe Pg.2 of 5 iôi 'i A2 III. ITEMS TO BE PROVIDED BY THE CLIENT A. Provide access to premises. B. Any permit modification if applicable. THE STANDARD TERMS AND CONDITIONS on the pages following this Contract are agreed to be a part of this Contract. Offered by: Accepted by: Severn Trent Environmental Services,Inc. Signed Signed By: By: Printed Printed Name: Name: Title: Title: Address for Notices: Date: Date: Agreed to: (please initial) C:\Ueers\dmannUppDah\LocaM(icrosof\WindowsVremparary Internet FiletlCaNent.QAlook37QSS.IR46\Lake 5 6 19 22 23 30A 30B repairs(3-24-15)dos Pg.3 of 5 161 1 2 STANDARD TERMS AND CONDITIONS Definitions. As used herein, the following terms shall have the following known technical or trade meanings are used in this Contract in accordance with meanings: such recognized meanings. • "Change of Law"the occurrence of any of the events listed in(i)through(iv) Offer to Contract Company's proposal and the accompanying documents below,which results or can reasonably be expected to result in a direct referred to under the definition of the term"Contract"herein(including the increase to the Company's cost of providing the Services: terms and conditions set forth herein)constitute an offer to contract which may () there is passed or promulgated any federal, state, or other local law, be accepted by the client within thirty(30)days from the date hereof(or within statute,ordinance,rule or regulation different from those existing on the such shorter or longer period of time, if any is specified in the Company's date of the Contract;or proposal)and only on the exact terms hereof. If additional or different terms are (ii) there is passed or promulgated any amendment to,or change in, any proposed by Client, such proposal or request shall constitute a counter offer federal,state,or other local law,statute,ordinance,rule or regulation which Company may,at its option,accept by written notice to the Client signed (including any applicable sales tax regulation)following the date of the by the Company.This Contract shall not be binding on the Company unless it is Contract;or executed by the Client and a duly executed copy is delivered to the Company (iii)there comes into existence an order or judgment of any federal,state,or within the period of time specified above. local court,administrative agency or other governmental body following Entire Agreement The terms and conditions set out herein are the entire terms the date of the Contract containing interpretations of law relating to the and conditions of this Contract and any prior or contemporaneous provision of the Services by the Company that is inconsistent with understandings or agreements,oral or written,are merged herein. There are no generally accepted interpretations in effect on the date of the Contract; rcprescntatio s or warranties, agreements, or covenants other than those or expressly set forth in this Contract. This Contract may be amended or modified (iv)(a)the imposition of any condition different from those existing on the and/or any right or obligation arising under this Contract may be waived from date of the Contract on the issuance or renewal of any official permit, time to time only by a written instrument executed by the Client and the license or necessary approval related to the provision of the Services by Company. The failure of the Company at any time to enforce any of the the Company, or (b) there shall be a suspension, termination, provisions of this Contract shall not constitute a waiver of such provision. interruption, revocation, denial or failure of renewal of any official Quality of Work and Materials. All Services to he provided hereunder shall permit, license or necessary approval related to the provision of the be performed by qualified personnel in accordance with professional standards. Services by the Company, including without limitation such of the Company acknowledges that the Client is relying on the Company to use the foregoing as are issued or approved by the USEPA,the Occupational effort,skill,diligence and quality control/quality assurance measures expected of Safety and Health Administration or any local Environmental and/or a qualified professional firm performing services of a similar nature to the Building Department; Services to be performed by the Company pursuant to this Contract Any • "Client"means the party or parties identified as such in this Contract In materials fbmishe d by the Company shall be current,of merchantable quality addition,the term"Client"specifically includes the party or parties to whom and in compliance with any technical standards or specifications incorporated the Company provides Services and the party or parties responsible for into this Contract. When certain materials are specified by a reference standard, paying the Company for Services provided pursuant to this Contract; Company may select any suitable commercially acceptable material meeting the • "Contract"means these terns and conditions,any additional terms and standard. conditions attached hereto and/or expressly incorporated herein directly or by Compliance with Law.All parties shall comply with all applicable laws in reference including,without limitation,the Company's proposal to perform performing their respective obligations hereunder. the Services to the extent such proposal is referenced or attached herein; Contract Schedule.The dale of completion provided in this Contract if any,is • "Contract Price"means the compensation to be paid by the Client to the approximate and is based upon prompt receipt by Company of all necessary Company in accordance with the terms of this Contract; information and data required to be supplied by the Client,and is subject to • "Company"means Sevem Trent Environmental Services,Inc.and its weather,growrdwater conditions and unforeseen site conditions. Company will permissible successors an/or assigns. Any reference to actions taken or not use all reasonable efforts to meet the stipulated completion date and completion taken by the Company shall include those actions taken or not taken on of the Services within a reasonable time shall constitute the Company's full Company's behalf, compliance with this Contract • "Services"means the evaluation,rehabilitation and restoration services to be Additional Work.(a)All additional labor,materials,tools,bonds, insurance, provided by the Company to the Client as identified in this Contract; equipment, licenses, taxes, transportation, surveys, engineering, other • "Uncontrollable CIr umstances"means any act,event or condition to the professional services and any additional item provided by or on behalf of the extent that it materially and adversely impacts the cost of performance of or Company as a result of Uncontrollable Circumstances(including a Change of materially and adversely affects the ability of the Company to perform the Law)shall constitute additional work extending beyond the scope of the Services Services in accordance with the terms of the Contract if such act,event or to be provided by Company hereunder. Company shall be compensated for all condition,in light of any circumstances that should have been known or such additional work commensurate with the appropriate unit prices and/or reasonably believed to have existed at the time,is beyond the reasonable hourly rates indicated in this contract and if no such prices or rates are provided, control and is not a result of the willful or negligent act,error or omission or Company shall be compensated for the fair and equitable value of such failure to exercise reasonable diligence on the part of the Company.Such additional work in an amount reasonably agreeable to the parties; (h)The acts,events or conditions may include,but shall not be limited to,the parties may add,delete,modify,alter,or accelerate the Services to be performed following:(a)an act of Cod,landslide,earthquake,fire,explosion,flood, hereunder,including without limitation,order changes to the Services,or require sabotage,or similar occurrence,acts of a public enemy,extortion,war, the Company to perform additional services but only through a duly executed blockade or insurrection riot or civil disturbance;or(b)a Change of Law;or change or field order. All change and field orders shall be in writing and require (c)the failure of any appropriate governmental agency or private utility to the signature and acceptance by Company prior to becoming effective. Unless provide and maintain utilities required by the Company in order to perform agreed to otherwise by the Company, all such change and field orders shall the Services,etc. reflect the parties'agreement regarding price and proposed completion date. Construction of Agreement Whenever the context requires,the gender of all Employee Safety.Company shall be responsible for the safety,efficiency and words used in this Contract includes the masculine,feminine,and neuter. All adequacy of its employees and any vehicles and/or machinery,equipment or references to Articles and Sections refer to articles and sections of this Contract, materials furnished or utilized by the Company during the performance of and all references to Exhibits are to Exhibits attached to this all purposes. Services. Company, however, shall not assume any obligation or incur any Captions, headings, cover pages, tables of contents and footnote instructions liability for personal injury or property damage caused by (i) unsafe site contained in this Contract are inserted only to facilitate reference and for conditions not created by the Company or by any of its agents,employees and convenience and in no way define,limit or describe the scope,intent or meaning subcontractors,(ii) work being performed by other patties not related to the of any provisions of this Contract Words and abbreviations that have well Company,(iii)the negligence of the Client,and/or(iv)the negligence of any third party not related to the Company. Agreed to: (please initial) C:l Uiesl dmarraW ppDataLLocalfMiaosoftWiedowstTemporary Internet FileslCaaent.CMlook 7QSSJR461Lake 5 6 19 22 23 30A 30B repairs(3-24-1 s).doc Pg.4 of 5 161142 Uncontrollable Circumstances.My delay,default or termination in or of the No Third Party Beneficiaries. This Contract is entered into solely between, performance of the Services by the Company hereunder caused directly or and may be enforced only by the Company and Client;and this Contract shall indirectly by Uncontrollable Circumstances shall not be deemed a breach of this not be deemed to create any rights in third panics,including clients,suppliers,or Contract. The occurrence of such event shall suspend the obligations of the customers of a party,or to create any obligations of a party to any such third Company as long as performance is delayed or threatened thereby,and the fees parties. due hereunder shall be equitably adjusted. Restriction on Use of Reports.Any reports rendered under this Contract by the Ownership of Documents and inventions. (a) All tracing, specifications, Company are prepared for their intended purposes only.Use of the reports and computations, notes and other original documents as instruments of service data contained therein for other purposes is at the Client's sole risk and shall,following the full payment of the Contract Price,become the property of responsibility. the Client,provided however that the Company shall be entitled to keep copies Notices.Wherever under this Contract one party is required or permitted to give of same-,(b)All inventions,discoveries and copyright in work of authorship, notice to the other party,such notice shall be in wilting and shall be delivered including those in formative stages, made by the Company (either alone or personally,sent by facsimile transmission,sent by nationally recognized express jointly with the Client)shall from the time of conception or,in the case of works courier or sent by certified,registered,first class mail,postage prepaid,but not of authorship,from the time of creation be the property of Company. by electronic mail. Any such notice shall be deemed given when actually Approval of Work.Services performed by Company shall be deemed approved received when delivered either personally, by facsimile transmission or by and accepted by Client within a reasonable period of time(but in no event longer express courier,or if mailed,on the fifth day after its mailing,postage prepaid to than thirty(30)days)after the Client has had the opportunity to review and/or the recipient party. inspect such services unless Client objects within such period of time by written Governing Law.This Contract and performance under it shall be governed by notice specifically stating the details in which Client believes such services are and construed in accordance with the laws of the state in which the client's incomplete or defective. Under all circumstances,final payment of the Contract principal office is located. Venue for any action under this Contract shall be in Price shall be deemed as conclusive evidence that the Client has accepted all the state court in the county in which the client's principal office is located. Services provided. Severability. Each and every provision of law and government regulation Payment Terms.Unless specifically stated otherwise,all payments are due Net required by law to be inserted in this Contract shall be deemed to be inserted and 30 days from the date of invoice. Any payment delayed beyond thirty(30)days this Contract shall read and shall be enforced as though so included herein,and from the specified due date,unless occasioned by fault of the Company,shall be if through mistake or otherwise any such provision is not inserted or is not subject to one and one-half percent(1.5%)per month interest on the unpaid correctly inserted,then upon the application of either party,this Contract shall balance. be deemed to be amended to make such insertion or correction. If this Contract Taxes. Prices do not include sales,use,excise,ad valorem,property or other contains any unlawful provision,the sane shall be deemed of no effect and taxes now or hereafter imposed directly or indirectly, by any governmental shall,upon the application of either party,be deemed stricken from this Contract authority or agency with respect to this Contract. Client shall pay directly or without affecting the binding force of the remainder. reimburse Company for any such taxes that the Company may be required to Company's Liability.In the event that claim(s)raised against the Company on pay. If the Client is a tax-exempt entity,the Client shall provide the Company account of this Contract,or on account of the Services performed hereunder, with proof of such exemption. is/are coveted under the Company's insurance policies,the Company shall not Default and Termination.This Contract may be terminated by either party be responsible for any loss,damage or liability beyond the amounts,limits and upon a seven(7)days written notice in the event of substantial failure by the conditions of such insurance policies. With respect to any other cause of action other party to perform in accordance with the terms hereof through no fault of and/or claim arising under this Contract,or otherwise arising as a result ot;or on the terminating party. In the event of any termination,Company shall be paid account of,the Services provided hereunder,Company's total liability shall not for all services rendered and materials supplied(including materials specifically exceed the Contract Price. manufactured/made for the Client that have yet to be supplied)through the date Insurance. Company shall procure and maintain the of termination. For purposes of this section,the failure of the Client to through period of this Company is accordance with the pay Contract,at Company's own cost and expense(a)general liability insurance in parry payment terms of this Contract shall be the amount of not less than one million dollars($1,000,000)combined single considered such a substantial failure. In the event of a substantial failure on the limit for personal injury and property damage; (b) errors and omissions part of the Client,Company,in addition to the right to terminate set tbrth in this insurance in an amount of not less than one million dollars(SI,000,000);and(c) paragraph,may also elect to suspend work until the default in question has been worker's compensation insurance in accordance with all statutory requirements. cured. No delay or omission on the part of Company in exercising any right or Successors and Assigns. Neither Client or Company shall assign,sublet,or remedy hereunder shall constitute a waiver of any such right or remedy on any transfer any rights under or interest in(including,but without limitation,moneys future occasion. that may become due or moneys that are due)this Contract without the written lndemnifcadon.(a)Company agrees to indemnify and save harmless the Client consent of the other,except to the extent that any assignment, subletting or from and against any claim, demands, suits, liabilities, losses and expenses transfer is mandated by law or the effect of this limitation may be restricted by incurred by the Client as a result of Company's negligence, misconduct, or law. breach of this Contract;provided,however,that in the event that both Client and Company are determined by a finding of fact to be negligent and the negligence of both is a proximate cause of such claim for damage,then in such event,Client and Company shall each be responsible for the portion of the liability equal to its comparative share of the total negligence; (b)Client agrees to indemnify and save harmless the Company from and against any damages suffered by the Company as a result of(i)the Client's negligence,misconduct,or breach of this Contract;or(ii)changes in plans or specifications made by the Client or others; or(iii)work performed by the Client or other contractors hired by the Client. Disclosure of Information and Cooperation of the Parties. (a)The Client represents and warrants that it will furnish the Company with all items,if any, described in this Contract in a diligent and timely manner;(b)The Client further represents and warrants that it has disclosed,and it will continue to disclose,any and all information it now has,or may have in the future,to the extent that such information is relevant to the Company in performing its duties and obligations hereunder,(c)Each party hereto agrees that it will cooperate in good faith with the other and its agents, employees, representatives, officers, contractors s and subcontractors to facilitate the performance of the mutual obligations set forth in this Contract. Agreed to: (please initial) C:1Use nldmarva\AppData\!ocaltMicrosofuWitrdowssTempmary Internet FilestContent.OuIlookt7QSSJR46\Lake 5 6 19 22 23 30A 30B repairs(3-24-I5).doc Pg.5 of 5 161 1 A 2 Southwest Development Services,inc. PROPOSAL 690 23'd St NW Date proposal Naples,FL 34120 (239)470-5522 3-31-15 2100 To: SEVERN TRENT MANAGEMENT SERVICES RE:HERITAGE BAY C/O JUSTIN FAIRCLOTH Project Description Amount - LAKE#22(L#3 cart path drain outlets) Repair washouts,form and pour concrete flumes down to the waters edge. - LAKE#23 Repair washout,remove bubbler tie in ADS drain pipe and run to below water surface with a not flotation device attached. - LAKE#30A Install missing control STR screws. - LAKE#308 Install a floating marker in order to mark under water hazard. - LAKE#6 Repair wash out with fill,premium quality filter fabric and rip-rap. Approximate area to be repaired 15'x10'+/- - LAKE#19(two washouts) Repair using the same materials same as above.Each area consists of approximately 40'x 6'+/- NOTE:Includes all labor,materials and concrete pump. Thank You.Proposal valid for 30 days I Total $9,950.00 ` 2 161 1 F- Southwest Development Services,inc. PROPOSAL 690 23'd St NW Date proposal Naples,FL 34120 (239)470-5522 3-31-15 2101 To: SEVERN TRENT MANAGEMENT SERVICES RE:HERITAGE BAY C/O JUSTIN FAIRCLOTH Project Description Amount - LAKE NS Repair wash out using fiU,top quality filter fabric and rip-rap down to the waters edge.Consisting of 10'x15'+/- Note:this fee is based on the work being performed during the same time period as the work for proposal 2100. Thank You.Proposal valid for 30 days Total $1,500.00 161 ' 1 Al2 Faircloth,Justin From: David Messenbaugh <david @landshore.com> Sent Wednesday,April 01,2015 10:54 AM To: Faircloth,Justin Subject Heritage Bay- Pricing Good morning,Justin. Below is pricing for Heritage Bay per Andre: HERITAGE BAY Description Price 1. Install Drain Pipes(5) $ 8,000.00 From Easement to Lakes Connect Pipes to Bubbler from Downspout $ 7,000.00 Total $15,000.00 2. Build Swale $18,000.00 Total $18,000.00 Gross Total for#1&#2 Above: $33,000.00 Thank you,Justin. Respectfully, David Messenbaugh Landshore Enterprises,LLC d/b/a Erosion Restoration,LLC "Your Shoreline Protection Specialist" 5601 Powerline Rd.,Ste.#301 Fort Lauderdale,FL 33309 P. 954-327-3300 F. 954-533-1556 www.landshore.com 1 6 1 1 A 2 Landshore`' Enterprises, LLC • EN�� Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering, Erosion Control, Construction Management d/b/a Erosion Restoration,LLC Reinforcing the American Soils for over a decade Proposal prepared for: Severn Trent Services, Inc. c/o: Mr. Calvin Teague, District Manager 5911 Country Lakes Drive Fort Myers,FL 33905 Project Name: The Heritage Bay CDD 10154 Heritage Bay Blvd. Naples,FL 34120 March 26,2015 Landshore®Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 fR Tel:(954)327-3300 • A Fax:(954)533-1556 • Cl Email:info @landshore.com Landshore Page I of 8 4 A 2 Landshore Ente ise , LW sN�� Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering, Erosion Control, Construction Management d/b/a Erosion Restoration,LLC Reinforcing the American Soils for over a decade Severn Trent Services,Inc. c/o:Calvin Teague,District Manager 10154 Heritage Bay Blvd. Naples,Florida 34120 March 26,2015 Dear Mr.Teague, Thank you for allowing Landshore®Enterprises,LLC to offer construction layout and technical-engineering services limited to research and evaluation of current condition with the purpose of construction estimate,in accordance to Chapter 472.003(3)(c) of Florida Statues. Pursuant to your request we prepared proposal which includes the following items. Erosion and sedimentation control swale for approximately 575 fh of shoreline. located at Biscayne Bay At Heritage Bqv Unit Four Lots 198-206. A. Establish horizontal and vertical control using existing plan and survey provided by the owner or available from public sources.Research and investigation with government agencies having jurisdiction. B. Bring vertical elevation,based on nearest County benchmark,if found.Otherwise,set-up a temporary bench mark in reference to observed water table and local landmarks-for contractor's use only.Verify existing topographic survey,bathymetric survey 2 ft.below design water table and soil survey. C. Prepare set of plans based on aerial photographs,to scale,in state plane coordinates with cross sections, details,specifications and best management practices for storm water pollution prevention,signed&sealed by the third party independent Florida Licensed Professional Engineer. D. Apply for review and approval from South Florida Water Management District. E. Provide periodic inspections, construction supervision, certification to the owner, project close-out and release with the government agencies having jurisdiction. Items A-E base fee,including one time mobilization $3,200.00 We will begin work within two weeks of acceptance of this proposal and receipt of retainer of$2,000.00. The estimated cost for this work is Three Thousand Two Hundred Dollars($3,200.00).Should you require services on this project beyond this scope of supply,we would revise this proposal to include items you may add or at your discretion we are available on a time and material basis. Landshores Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 Tel:(954)327-3300 • Fax:(954)533-1556 • Email:info @landshore.com Landshore Page 2 of 8 161 1 A2 Landshore Enterprises, LLC et c�EQI Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering, Erosion Control, Construction Management d/b/a Erosion Restoration,LLC Reinforcing the American Soils for over a decade Besides construction services outlined above we will be happy to provide you with professional services in civil, structural,geotechnical,surveying,legal and any other disciplines on an hourly basis or by a separate contracts-if it will become necessary based on our initial observations of existing situation on-site or if specifically requested in writing by yourself or by the government agencies having jurisdiction. All permit/application/review fees or separate charges accessed by the government shall be paid by the Client/Owner. Should you have any questions regarding this matter please do not hesitate to contact our office.Again,thank you for the opportunity to offer this proposal,we are looking forward to working with you. Standard Paragraphs: The Standard Form of Agreement between Severn Trent Services,Inc.,further referred as"Client"and Landshoree Enterprises, LLC for technical-engineering services related to construction,design-built services and professional services for Professional Services as published by the National Society of Professional Engineers, The American Consulting Engineers Council and The American Society of Civil Engineers shall govern all aspects, disputes and responsibilities with respect to this contract Document EJCDC E-500,latest edition. All technical-engineering services, design-built (D-B) services or professional services requested by the Client or government agencies having jurisdiction,which are not specifically outlined in the contract, or requested by the Client as a revision in the scope of the Project will be performed by contract addendum at an agreed upon price or the same will be accomplished at the contract's hourly rates. It is understood that the selection decision for a contract award may be based on the best value to the Owner from the combination of quality,management expertise,and price,but not necessarily the lowest price or on the lowest priced,technically acceptable proposal. Design by the D-B contractor usually takes place before and sometimes during construction activities in the D-B contract.When a design is being developed concurrent with construction activities, this is called the "fast-track" approach.The fast-track approach is commonly used to combine design and construction time,which results in the project being completed in a shorter time period.Fast-track approach allows the D-B contractor to design portions of the work,start construction on those designs completed,and continue work while reviewing and designing other portions of the work. In the Design-Build process,final design solutions are provided by the D-B contractor,not the Owner,since the main goal of D-B contract is to ensure the adequacy and quality of desired construction,which were built into the selection criteria during alternative bid evaluation process. Any additions and/or deletions to the scope of work shall be presented in writing by Landshore®Enterprises,LLC and executed by both the Client and Landshoree Enterprises,LLC. Landshorea Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 '24 Tel:(954)327-3300 • LiE Fax:(954)533-1556 • CJ Email:info @landshore.com Landshore Page 3 of 8 , sHo�. 161 1 I — A2 ....?..-------- � 0 • ® l-.9 N Landshore Enterprises, LLc Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering,Erosion Control, Construction Management d/b/a Erosion Restoration,LLC Reinforcing the American Soils for over a decade Hourly services as stipulated in this contract shall be performed at the company's prevailing rates for the duration of the work efforts associated with this Project.The following rates presently apply: Professional Engineer $190.00/Hour Design Engineer $150.00/Hour CAD Operator $100.00/Hour Construction Administration $ 70.00/Hour Landshore®Enterprises,LLC is not responsible for the means,methods,techniques,sequences and procedures of construction selected by another Contractor. It is also not responsible for any failure of another Contractor to comply with laws,regulations,ordinances,codes or orders applicable to Contractor's furnishing and performing the work proposed by Landshore®Enterprises,LLC. Measurements of lake depth and location data and its further graphical interpretation by Landshore®Enterprises, LLC using Geographic Information System (GIS) and its precision and accuracy are limited to the same of the reference information, methods and instruments used. It is understood that information will be collected by Landshore®Enterprises,LLC at the request of the Client,for his/her personal use such as providing more accurate estimate and submittal to the government agencies may require different standard or format. Although every reasonable attempt will be made to present data as accurate as possible Landshore® Enterprises, LLC makes no guarantees concerning its measurements,findings or any irregularities of lake bottom or other parts of this project.By accepting this proposal or distributing information depicted on any plans and documents prepared by the Landshore®Enterprises,LLC to other parties the recipient hereby agrees to indemnify and hold Landshore® Enterprises, LLC harmless and to waive to the fullest extent permitted by law any claim resulting from damages, losses and expenses,including attorneys'fees arising out of or resulting from usage of this information,or cause of action of any nature against Landshore®Enterprises,LLC. Project Limitations; The Client is responsible to adhere to all applicable Federal,State,County,City,District and any other municipal or local laws,regulations,rules,ordinances and guidelines. Unless specifically hired to obtain all necessary permits - Landshore® Enterprises, LLC will not be liable for any construction or design issues, violations, fines or claims received due to nonconformance and noncompliance to standards or absence of permits (submittal of permit application does not guarantee the approval, additional services such as expediting,meetings with reviewer,etc.may be performed at an hourly rate,at the Client's request). Casus Fortuitous: Neither Client nor Landshore®Enterprises,LLC will be responsible to the other for any delay,failure in performance, loss or damage due to fire, explosion, power blackout, earthquake,volcanic action, flood, the weather elements, Landshore®Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 Tel:(954)327-3300 • A Fax:(954)533-1556 • Email:info @landshore.com Landshore Page 4 of 8 �HOR 1 6 1 ii ;c Landsh ore® Enterprises, LLc • ENtQ" .P� Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering, Erosion Control, Construction Management d/b/a Erosion Restoration, LLC Reinforcing the American Soils for over a decade strike,embargo,labor disputes,riots,civil or military authority,war,terrorist acts,acts of God,acts or omissions of carriers or suppliers,acts of regulatory or governmental agencies,or other causes beyond the reasonable control, except that Client must pay for any services rendered. Jndemnifi cation and Duty to Defend: Prior to the beginning of works outlined in this Contract the Client shall be responsible to notify the owners and interested parties of all affected properties and utilities and receive their approval. To the extent provided by law the Client agrees to indemnify,defend,and hold harmless the Landshore®Enterprises, LLC and all of its officers, agents, employees, sub-contractors and consultants from any third-party claim, loss, damage,cost,charge,or expense during the performance of this Contract,whether direct or indirect and whether to any person or property to which Landshore®Enterprises,LLC or said parties may be subject. Furthermore the Client agrees to participate and associate with the Landshore®Enterprises,LLC in the defense and trial of any damage claim or suit and any related settlement negotiations,shall such arise-within fourteen(14)days of receipt by the Client notice of claim.This provision will continue to apply after the contract ends. Pursuant to section 558.0035,Florida Statutes,an individual employee or agent may not be held individually liable for negligence. Oualifications: Landshore®Enterprises,LLC agrees that its staff and sub-consultants possess the necessary licenses required by the professional licensing boards having jurisdiction over the services to be provided and that when required, staff members possessing such licenses and qualified to perform the required services shall be assigned to this project. Intellectual Property Rights; It is understood that all sketches and calculations,including price quotations which are submitted for this proposal, based on assumptions made by Landshore® Enterprises, LLC and data derived from information provided by the client and public sources-is confidential and will not be shared or distributed to other parties without the written consent of Landshore®Enterprises,LLC.All drafting and technical work performed by Landshore®Enterprises,LLC or its sub-consultants is hereby declared an intellectual property and protected under copyright law. After all payments to Landshore® Enterprises,LLC will be made in full in accordance to this contract,by virtue of "work for hire" doctrine outlined in Section 101 of the 1976 Copyright Act - Intellectual Property Rights are transferred to the Client who thereby accepts all responsibility and full liability for further use of all printed documents and data. Please note that State of Florida has a broad public records law under Florida Chapter 119.All state,county,and municipal records are open for personal inspection and copying by ANY person.Landshore®Enterprises,LLC hereby Landshore®Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 Tel:(954)327-3300 • l Fax:(954)533-1556 • 2 Email:info @landshore.com Landshore Page 5 of 8 161 'F42 .0sHop, RI �~ /,y�y Landshore® En terprlses La , c ENE�` Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering, Erosion Control, Construction Management d/b/a Erosion Restoration,LLC Reinforcing the American Soils for over a decade disclaim all liability arousing from improper usage of its information for any other purposes except from what it was specifically intended and any damages,loss or harm to public welfare that such application or interpretation may possibly cause to the Client or third parties. Permit and Submittal Fees: Our contract fees do not include any permit application or processing fees that may be assessed by the governmental agencies having jurisdiction.The total cost of these fees shall be the client's responsibility. Outside Service and Reproduction Fees: The stipulated contract fees do not include the cost of printing,copies,photo processing,long distance phone calls or the services of outside parties.These fees are separate charges,which shall be approved in writing by Client and invoiced as direct charges. Certificate of Merit The Client shall make no claim for professional negligence,either directly or by way of a cross complaint against this consultant unless the Client has first provided the consultant with a written certification executed by an independent consulting engineer currently practicing in the same discipline as the consultant and licensed in the State of Florida. This certification shall:a)contain the name and license number of the certifier;b)specify the acts or omissions that the certifier contends are not in conformance with the standard of care for a consultant performing professional services under similar circumstances and c) state in detail the basis for the certifiers opinion that such acts or omissions do not conform to the standard of care for the profession. This certificate shall be provided to the consultant not less than thirty(30) days prior of the presentation of any claim or the institution of any arbitration, mediation or judicial proceeding. Client Termination Agreement; This Agreement may be terminated without cause but in good faith by either Landshore® Enterprises, LLC or the Client.The party terminating the Agreement must provide written notice to the other party ten (10)days prior to the effective date of termination.In the event of termination,Landshoree Enterprises,LLC shall be compensated for all services performed prior to the effective date of termination and shall provide the client with all information acquired by and/or generated by Landshore®Enterprises,LLC as a result of performing its contractual obligations, including but not limited to survey data,reports,specifications,plans,and results of soil sampling. Assignability: The Client and Landshore®Enterprises,LLC,respectively,bind themselves,their partners,successors,assigns and legal representatives of such other party,with respect to all covenants of this Agreement.Neither party hereto shall assign this Agreement without the written consent of the other party. Landshore®Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 2R Tel:(954)327-3300 • A Fax:(954)533-1556 • Email:info@landshorecom Landshore Page 6 of 8 1611 Lands/i ores En terprises, LLC eN'1.e9v Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering, Erosion Control, Construction Management d/b/a Erosion Restoration,LLC Reinforcing the American Soils for over a decade Attorney's Fees: The laws of the State of Florida shall govern all aspects of the parties'Agreement.In the event of any litigation arising from or related to this agreement or the services provided under this agreement, the prevailing party shall be entitled to recover from the non-prevailing party all reasonable costs incurred, including staff time, court costs, attorneys'fees and all other related expenses in such litigation. It is also agreed that such arbitration or litigation take place in Miami-Dade County,Florida. Cooperation and Project Understanding: To the extent requested by Landshore®Enterprises,LLC,Client will make available to Landshore®Enterprises,LLC all information in its possession regarding existing and proposed conditions at the site. Such information shall include, but not be limited to engineering reports, plot plans, topographic or hydrographic surveys, soil data including borings,field and laboratory tests,written reports,etc. Client shall immediately transmit to Landshore® Enterprises,LLC any new information concerning site condition which becomes available,and any change in plans or specifications concerning the Project to the extent such information may affect Landshore® Enterprises, LLC performance of the Services.Client agrees,upon 24 hours oral or written notice,to provide a representative at the job site to supervise and coordinate the Services.Landshore®Enterprises,LLC shall not be liable for any inaccurate or incorrect advice,judgment or decision which is based on any inaccurate information furnished by Client and Client shall indemnify Landshore®Enterprises, LLC or its Consultants against claims,demands,or liability arising out of, or contributed to,by such inaccurate information. Client agrees to provide entry to the project site for Landshore®Enterprises,LLC employees and consultants with proper identification for the purposes outlined in this contract.Lock-out charges will be assessed on an hourly basis for any delay exceeding one hour. Non-Solicitation and Hiring of Employees: To promote an optimum working relationship,the Client agrees in good faith not to directly or indirectly employ or otherwise engage any employee of Consultant or any person employed by Consultant within the prior twelve month period without the prior written consent of Consultant. This restriction shall apply during the term of and for a period of one (1) year after the termination of this Agreement. The Client further agrees that loss of any such employee would involve considerable financial loss of an amount that could not be readily established by Consultant. Therefore,in the event that Client should breach this provision and without limiting any other remedy that may be available to Consultant,the Client shall pay to Consultant a sum equal to the employee's current annual salary plus twelve(12)additional months of the employee's current annual salary for training of a new employee as liquidated damages. Invoicing and Payment: Landshore®Enterprises,LLC will submit invoices on a monthly basis during the progress of work under this contract as a proration of the services completed to date.In some cases,invoicing may occur upon completion of a phase of Landshore®Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 Tel:(954)327-3300 • A Fax:(954)533-1556 • Dl Email:info @landshore.com Landshore Page 7 of 8 io ' i A2 Landshore® Enterprises, LLC • `� e� Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering, Erosion Control, Construction Management d/b/a Erosion Restoration,LLC Reinforcing the American Soils for over a decade the project or completion of the project.Retainers,when required,will be deducted from the final payment for the Project. Payment for services is due upon receipt of invoice and shall be made within 15 days of receipt of invoice.If payment is not received in 30 days from the date invoiced,Landshore®Enterprises,LLC reserves the right to cease all work on the Project.After 60 days of non-payment,we will exercise the right to file a lien against the project. Client agrees to pay for any costs of collection,including,but not limited to lien costs,court costs or attorneys'fees involved in or arising out of collecting any unpaid or past due balances. Landshore®Enterprises, LLC shall not be liable to Client or any third party for claims arising from suspension and termination of work due to client's failure to provide timely payment. Any charges held to be in dispute shall be called to our attention within fifteen(15)days of receipt of invoice and Client and Landshore®Enterprises,LLC shall work together in good faith to resolve their differences.If a portion of the invoice is disputed within 15 days,the client shall be obligated to pay the undisputed portion of the invoice. If unable to resolve differences in thirty(30) days,Landshore®Enterprises,LLC shall have the right to suspend or terminate service. If the proposed services and fees are acceptable,please affix the signature of a duly authorized officer in the space provided,and provide requested information for our records and return an executed copy to this office.Your request for services is greatly appreciated. The undersigned signatories acknowledge that they are duly authorized to sign and bind the party for whom they are signing for.The undersigned signatories further acknowledge that their actions and signatures have been approved by the corporation or other legal entity for whom they are acting or signing. Sincerely, Landshore®Enterprises,LLC Signature Proposal Acceptance: The stated fees,conditions and terms are accepted. Payment for services will be made as stipulated above. You are authorized to perform the work specified. Signature Name,Title Date Landshore®Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 S Tel:(954)327-3300 • Fax:(954)533-1556 • El Email:info @landshore.com Landshore Page 8 of 8 161 ..,,....: ' 1! -t_4A2 • e DI o EWf I o R i S K $ k i t i m' u ❑D ❑® gt row ,..vwaw —�- .. I -5 1 qua .,_. ... „.. ..,,,.,• .....„ .. ,... ....,, . . i ti , . , w . .. C ..,,,,,,, ,... ,' i -. ,.. , ..„..,.... ; _. ....,..„. c,„ . .,. . . ... • ..,..: ,.•.: ,. . ..., ,. .., .... : . . .. ,. i 3 av>, i --,- $ - s i rTi fl MEM. -:=.,;., . iiir w :3 �„ t e 6_ • t I' A U 1 11 . . uQi 0/.., r. a 161 2 ,A 2 0„. andshore® Enterprises iic Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering,Erosion Control, Construction Management d/b/a Erosion Restoration Reinforcing the American Soils for over a decade Proposal Prepared for: The Heritage Bay CDD c/o: Mr. Justin Faircloth Severn Trent Services 5911 Country Lakes Drive, Fort Myers,FL 33905 3/24/2015 Landshoree Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida,33309 ?lrP Tel:(954)327-3300 • J Fax:(954)533-1556 • f7 Email:info@landshore.com Landshore Page 1 of3 1611 ��0 H O fpE andshore ® Enterprises, LLC • EH�""'EF` Stream bank&Shoreline protection/stabilization/reclamation Environmental Engineering,Erosion Control, Construction Management d/b/a Erosion Restoration Reinforcing the American Soils for over a decade The Heritage Bay CDD ESTIMATE #3062 Attn:Mr.Justin Faircloth Date: 3/24/2015 5911 Country Lakes Drive, Fort Myers,FL 33905 ITEMIZED ESTIMATE:TIME AND MATERIALS JAKE#20 Adding rock on three wash out sections at DWL LAKE#10 Adding rock on top of concrete mat TOTAL ESTIMATED JOB COST ( $3,035.00 EN SCHEDULE Landshore Enterprises'payment policy is as follows: 25% Booking Date 35% Commencement Date 40% Completion Date **invoice is due upon receipt** Landshore Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 Tel:(954)327-3300 • Fax:(954)533-1556 • Email:info@landshore.com Landshore Page 2 of 161 'Vk2 x,osHo,QF An. ./' 6, L andsh ore ® n terprises LW • EN cf�G'P Streambank&Shoreline protection/stabilization/reclamation Environmental Engineering,Erosion Control, Construction Management d/b/a Erosion Restoration Reinforcing the American Soils for over a decade :': . .... SP)i{faAr.'CONDITIONS The prices quoted in this proposal are based on visual observation only. The client is responsible for survey,engineering and permitting with all government agencies having jurisdiction over the subject site. Actual prices may vary due to pre-existing geotechnical, or hydrographic conditions which will require different equipment, labor and material. No changes to the approved contract will be made without written approval from the client. Unless the client provided comprehensive and conclusive engineering report or paid for the same services to Landshore® Enterprises, LLC,the stipulated above price does not include rock removal,addition of suitable material as necessary, heavy equipment,land surveying,bathymetric survey,geotechnical exploration,engineering or permitting. Landshore• Enterprises,LLC is not responsible for damage to utilities if as-built drawings or locations are not provided by the client. Landshore Enterprises,LLC reserves the right to change this estimate unless an agreement is reached within 90 days of the original estimate date. This is an estimate only. This is not a contract.This estimate is for completing the job described above,based on our evaluation.It does not include unforeseen price increases or additional labor and materials which may be required should problems arise. Client Representative Signature Date Landshore Enterprises Representative Signature Date Landshore Enterprises,LLC - 5601 Powerline Road,Suite 301,Fort Lauderdale,Florida 33309 Tel:(954)327-3300 • Fax:(954)533-1556 • Email:info @landshore.com Landshore Page 3 of 3 161 1A2 HERITAGE BAY CDD BRIDGE EMBANKMENT COSTS I.Current Costs Legal $ 1,176.66 Engineering-Stantec $ 3,712.00 Engineering-Bridging Solutions 5/23/2014 $ 2,720.00 12/31/2014 $ 9,900.00 3/30/2015 $ 3,600.00 Engineering-Forge $ 1,500.00 Repairs $ 900.00 Total to date $ 23,508.66 il.Projected Costs Alternative 6 $ 190,000.00 Engineering $ 27,850.00 Total $ 217,850.00 Alternative 5A $ 425,000.00 Engineering $ 33,420.00 Total $ 458,420.00 Alternative 58 $ 320,000.00 Engineering $ 33,420.00 Total $ 353,420.00 III.Loan Costs Annual Debt Service $250,000 4.25% $ 55,584.00 $350,000 4.25% $ 77,820.00 $500,000 4.25% $ 111,168.00 IV.Assessment Impact Increase Generates $ 25.00 $ 31,250.00 $ 50.00 $ 62,500.00 $ 100.00 $ 125,000.00 161 ' l A2 Heritage Bay Community Development District Embarkment Loan-estimated ,..0% .2 % $276,240 $277,920 5 5 Amount Ftnanc , . . 250,000 Monthly Payment $4 604 $4,632 Total Interest Paid $26,248 $27,943 Annual Debt Pay $55,248 $55,584 Closing Cost $1,500 $1,500 Total Cost of Financing $27,748 $29,443 4.00% 4.25% $386,747 $389,100 5 5 Amount Financed $ $350,000 $350,000 Monthly Payment $6,445 $6,485 Total Interest Paid $36,747 $39,121 Annual Debt Pay $77,340 $77,820 Closing Cost $1,600 $1,600 Total Cost of Financing $38,347 $40,721 4.00% 4.25% $552,480 $555,900 5 5 Amount Financed $ $500,000 $500,000 Monthly Payment $9,208 $9,264 Total Interest Paid $52,496 $55,887 nual Debt Pay $110,496 $111,168 Closing Cost $1,700 $1,700 Total Cost of Financing $54,196 $57,587 161 ` 1 A2 • HERITAGE BAY Community Development District Annual Operating and Debt Service Budget Fiscal Year 2016 Version 1 -Proposed Budget (Updated 03/31/15 1:00pm) Prepared by SEVERN THEN 7 SERVICES 1611 A2 HERITAGE BAY Community Development District Table of Contents Page# OPERATING BUDGET General Fund Summary of Revenues,Expenditures and Changes In Fund Balances 1 Exhibit A-Alloctation of Fund Balances 2 Budget Narrative 3-5 DEBT SERVICE BUDGET Series 2014 Summary of Revenues,Expenditures and Changes in Fund Balances 6 Amortization Schedule 7 Budget Narrative 8 §UPPORTING BUDGET SCHEDULES 2015-2016 Non-Ad Valorem Assessment Summary 9 i6ifA2 Heritage Bay Community Development District Operating Budget Fiscal Year 2016 1611 42 HERITAGE BAY Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2016 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL BUDGET THRU MARCH- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2014 FY 2015 FEB-2015 SEP-2015 FY 2015 FY 2016 REVENUES Interest-Investments $ 960 $ 500 $ 272 $ 381 $ 653 $ 500 Special Assmnts-Tax Collector 156,250 249,995 237,613 12,387 250,000 312,504 Special Assmnts-Discounts (5,640) (10,000) (9,147) - (9,147) (12,500) TOTAL REVENUES 151,570 240,495 228,738 12,768 241,506 300,504 I EXPENDITURES Administrative P/R-Board of Supervisors 4,400 4,800 2,200 5,000 7,200 8,000 FICA Taxes 367 367 168 383 551 612 ProfServ-Arbitrage Rebate 600 600 600 - 600 600 ProfServ-Dissemination Agent 1,000 1,000 - 1,000 1,000 1,000 ProfServ-Engineering 16,485 15,000 6,712 9,397 16,109 20,000 ProfServ-Legal Services 6,134 7,000 7,020 7,000 14,020 7,000 ProfServ-Mgmt Consulting Sery 37,132 38,246 15,936 22,310 38,246 39,393 ProfServ-Property Appraiser 2,393 3,750 3,750 - 3,750 4,688 ProfServ-Speclal Assessment 5,000 5,000 5,000 - 5,000 5,150 ProfServ-Trustee Fees 5,926 6,815 - 6,815 6,815 6,815 ProfServ-Web Site Maintenance - - 281 393 874 1,000 Auditing Services 3,400 3,600 - 3,600 3,600 3,800 Postage and Freight 2,327 1,300 632 885 1,517 1,300 Insurance-General Liability 12,430 13,673 12,754 - 12,754 14,667 Printing and Binding 868 1,400 408 571 979 1,400 Legal Advertising 2,679 1,400 199 279 478 1,400 Misc-Bank Charges 648 750 331 463 794 750 Misc-Assessmnt Collection Cost 1,896 5,000 4,589 248 4,817 6,250 Office Supplies 371 550 171 239 410 550 Annual District Filing Fee 175 175 200 - 200 175 Total Administrative 104,231 110,426 60,931 58,583 119,514 124,550 Field ProfSery-Field Management - - 5,000 7,000 12,000 12,360 R&M-Contingency - - - - - 6,425 Wall Improvements - - 10,800 3,100 13,900 35,000 Total Field - - 15,800 10,100 25,900 53,785 Lakes 8 Ponds Contracts-Lake and Wetland 52,318 55,944 23,310 35,034 58,344 60,744 R&M-Aquascaping 17,561 24,125 - 10,000 10,000 10,000 R&M-Lake 15,543 - - - - - R&M-Lake Erosion 69,475 35,000 - 35,000 35,000 35,000 R&M-Contingency 3,283 15,000 3,500 6,500 10,000 10,000 Misc Improvements - - - - - 6,425 Total Lakes&Ponds 178,180 130,069 26,810 86,534 113,344 122,169 TOTAL EXPENDITURES 282,411 240,495 103,541 155,217 258,758 300,504 Net change in fund balance (130,841) - 125,197 (142,449) (17,252) - FUND BALANCE,BEGINNING 281,645 150,804 150,804 - 150,804 133,552 FUND BALANCE,ENDING $ 150,804 $ 150,804 $ 276,001 $ (142,449) $ 133,552 $ 133,552 Annual Operating and Debt Service Budget Page 1 Fiscal Year 2016 161 1 * 2. HERITAGE BAY Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2016 $ 133,552 Net Change in Fund Balance-Fiscal Year 2016 - Reserves-Fiscal Year 2016 Additions - (Total Funds Available(Estimated)-9/30/2016 133,552 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 75,126 (1) Reserves-Erosion Control 58,000 (2) Subtotal 133,126 I Total Allocation of Available Funds 133,126 Total Unassigned(undesignated)Cash $ 427 Notes (1)Represents approximately 3 months of operating expenditures (2)Represents reserves for erosion control from FY 2009 Annual Operating and Debt Service Budget Fiscal Year 2016 page 2 1611 A 2 HERITAGE BAY Community Development District General Fund Budget Narrative Fiscal Year 2016 • REVENUES interest-investments The District earns Interest on the monthly average collected balance for their operating and money market accounts. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all sold and platted parcels(using the uniform method)within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162 and Section 197.3632 of the Florida Statutes, discounts are allowed for early payments of assessments collected by the Tax Collector and only when the Tax Collector is using the uniform methodology. The budgeted amount for the fiscal year is calculated at 4%of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R-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 upon all supervisors attending all of the meetings. Professional Services—Arbitrage Rebate The District contracted with an independent professional firm to annually calculate the District's Arbitrage Rebate Liability on its bonds. Professional Services—Dissemination Agent The District is required by the Securities and Exchange Commission to comply with Rule 15c2-12(b)-(5),which relates to additional reporting requirements for unrelated bond issues. The District has contracted with Prager&Co. LLC to provide these reports. Professional Services-Engineering The Districts engineer provides general engineering services to the District, i.e. attendance and preparation for board meetings when requested,review of invoices,and other specifically requested assignments. Professional Services-Legal Services The Districts attorney provides general legal services to the District,i.e.,attendance and preparation for Board meetings, review of contracts, review of agreements and resolutions, and other research as directed or requested by the Board of Supervisors and the District Manager. 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. Severn Trent manages all of the District's financial activities such as accounts payable,financial statements,auditing and budgeting in accordance with the management contract in effect An increase of 3%Is projected for the next fiscal year to cover operating expenses. Annual Operating and Debt Service Budget Fiscal Year 2016 Page 3 A2 HERITAGE BAY 161 1 Community Development District General Fund Budget Narrative Fiscal Year 2016 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.The property appraiser cost is based upon 1.5%of the anticipated Non Ad Valorem assessment collections. Professional Services-Special Assessment This is the Administrative fees to prepare the District's special assessment roll. Professional Services-Trustee The District pays US Bank an annual fee for trustee services on the Series 2005 Special Assessment Bond. The budgeted amount for the fiscal year is based on standard fees charged plus any out-of-pocket expenses and a projected 15%increase. Professional Services-Web Site Maintenance The cost of web hosting and regular maintenance of the District's website by Severn Trent Services. Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from an existing engagement letter. Postage and Freight Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence. Insurance-General Liability The District's General Liability&Public Officials Liability Insurance policy is with Public Risk Insurance Agency,Inc. They specialize in providing insurance coverage to governmental agencies.The budgeted amount allows for a projected 15% increase in the premium. Printing and Binding Copies used In the preparation of agenda packages,required mailings,and other special projects. Legal Advertising The District is required to advertise various notices for Board meetings and other public hearings in a newspaper of general circulation. Miscellaneous-Bank Charges This includes monthly bank charges for the maintenance of the operating accounts. 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 indude,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 assessment collection cost is based on a maximum of 2%of the anticipated assessment collections. Annual Operating and Debt Service Budget Fiscal Year 2018 Page 4 161 £ A2 HERITAGE BAY Community Development District General Fund Budget Narrative Fiscal Year 2016 EXPENDITURES Administrative(continued) 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 Economic Opportunity Division of Community Development. Eg Professional Services-Field Management Services Field Management Services for the District is performed by Severn Trent Services. This indudes the regular inspection of all District assets and contractor performance monitoring. Items include but are not limited to: irrigation systems,ponds, wetlands,preserves, roads,street signs,sidewalks and drainage systems. A monthly report is provided for the Board's review to allow for their consideration of issues and action to consider. Wall improvements This is for any repair and maintenance expenses pertaining to the districts walls and fences. R&M-Contingency All other expenses that do not fall Into the categories described above will be expensed to contingency. Lakes&Ponds Contracts-Lake&Wetland A contract was negotiated with Lake &Wetland Management for monthly lake maintenance of the District's 31 lakes and littoral shelf maintenance which includes approximately 14.52 acres. Services began February 2014. R&M-Aquascaping This is for any repair and maintenance expenses pertaining to the District's lakes that are not covered in the contract. R&M-Lake Erosion This is for any repair and maintenance expenses pertaining to erosion control that are not covered in the contract. R&M-Contingency All other expenses that do not fall Into the categories described above will be expensed to contingency. Improvements-Miscellaneous This is for lake improvements specifically. Annual Operating and Debt Service Budget Fiscal Year 2016 Page 5 16 .1 1 4-12 Heritage Bay Community Development District Debt Service Budget Fiscal Year 2016 • 16 1 i A2 HERITAGE BAY Community Development District Series 2014 Debt Service Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2016 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL BUDGET THRU MARCH- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2014 FY 2015 FEB-2015 SEP-2015 FY 2015 FY 2016 REVENUES Interest-Investments $ 2 $ - $ 20 $ 28 $ 48 $ - Special Assnmts-Tax Collector - 1508,564 1,243,727 64,837 1,308564 1,308,564 Special Assmnts-Discounts - (52,343) (47,877) - (47,877) (52,343) TOTAL REVENUES 2 1,256,221 1,195,870 64,865 1,260,735 1,256,221 EXPENDITURES Administrative ProlServ-Property Appraiser 1,181 19,628 19,628 - 19,628 19,628 Misc-Assessmnt Collection Cost (10,632) 26,171 23,917 1,297 25,214 26,171 Total Administrative (9,451) 45,799 43,545 1,297 44,842 45,800 Debt Service Principal Debt Retirement - 270,000 - 270.000 270,000 545.000 Interest Expense - 476,311 - 476,311 476,311 654.360 Bond Issue Expense 251,406 - - - - Total Debt Service 251,406 746,311 - 746,311 746,311 1,199,360 TOTAL EXPENDITURES 241,955 792,110 43,545 747,608 791,153 1,245,160 Excess(deficiency)of revenues Over(under)expenditures (241,953) 464,111 1,152,325 (682,743) 469,582 11,062 OTHER FINANCING SOURCES(USES) Interfund Transfer-In 1,215,975 - - - - - Proceeds of Refunding Bonds 17,490,000 - - - - - Payment to Refunded Bond (17,840,043) - - - - - Contribution to(Use of)Fund Balance - 464,111 - - - 11,062 TOTAL OTHER SOURCES(USES) 865,932 464,111 - - - 11,062 Net change in fund balance 623,979 464,111 1,152,325 (682,743) 469582 11,062 FUND BALANCE,BEGINNING - 623,979 623,979 - 623,979 1,093,561 FUND BALANCE,ENDING $ 623,979 $ 1,088 090 $ 1,776,304 $ (682,743) $ 1,093,561 $ 104,623 Annual Operating and Debt Service Budget Fiscal Year 2016 Page 6 16I1 HERITAGE BAY Community Development District Heritage Bay Community Development District Amortization Schedule 2014 Refunding of Series 2005 Special Assessment Refunding Bonds Principal Year Principal special calls Interest I Balance FY Total DS i I 11/1/2015 $ - $ 327,180.00 $ 17,220,000.00 5/1/2016 $ 545,000.00 i$ $ 327,180.00 $ 16,675,000.00 $ 1,199,360.00 11/1/2016 $ - $ 316,825.00 $ 16,675,000.00 5/1/2017 $ 565,000.00 $ - $ 316,825.00 $ 16,110,000.00 $ 1,198,650.00 11/1/2017 t_ !$ - $ 306,090.00 $ 16,110,000.00 5/1/2018 $ 585,000.00 $ - $ 306,090.00 $ 15,525,000.00 $ 1,197,180.00 11/1/2018 $ - 1 $ 294,975.00 $ 15,525,000.00 5/1/2019 $ 610,000.00 $ - $ 294,975.00 $ 14,915,000.00 $ 1,199,950.00 11/1/2019 $ - $ 283,385.00 $ 14,915,000.00 5/1/2020 $ 635,000.00 $ _- - $ 283,385.00 $ 14,280,000.00 $ 1,201,770.00 11/1/2020 $ - $ 271,320.00 $ 14,280,000.00 5/1/2021 $ 660,000.00 $ - $ 271,320.00 $ 13,620,000.00 $ 1,202,640.00 11/1/2021 - - -- $ - $ 258,780.00 $ 13,620,000.00 5/1/2022 $ 680,000.00 $ - $ 258,780.00 $ 12,940,000.00 $ 1,197,560.00 11/1/2022 $ - $ 245,860.00 $ 12,940,000.00 5/1/20231 $ 710,000.00 $ - 1 $ 245,860.00 $ 12,230,000.00 $ 1,201,720.00 11/1/20231 $ - $ 232,370.00 $ 12,230,000.00 5/1/2024 $ 740,000.00 $ - $ 232,370.00 $ 11,490,000.00 $ 1,204,740.00 _------- -------_..__--- ---.._..-------- 11/1/2024 $ - $ 218,310.00 $ 11,490,000.00 5/1/2025 1 $ 770,000.00 $ - $ 218,310.00 $ 10,720,000.00 $ 1,206,620.00 11/1/2025 I$ - $ 203,680.00 $ 10,720,000.00 5/1/2026 I $ 800,000.00 $ - $ 203,680.00 $ 9,920,000.00 $ 1,207,360.00 11/1/2026 $ - $ 188,480.00 $ 9,920,000.00 5/1/2027 $ 830,000.00 $ - — $ 188,480.00 $ 9,090,000.00 $ 1,206,960.00 11/1/2027 $ - $ 172,710.00 $ 9,090,000.00 5/1/2028 $ 865,000.00 $ - $ 172,710.00 $ 8,225,000.00 $ 1,210,420.00 11/1/2028 $ - i $ 156,275.00 $ 8,225,000.00 5/1/2029 $ 8,225,000.00 $ - $ 156,275.00 $ - $ 8,537,550.00 11/1/2029 - --t---- --- $ $ Totals $ 17,220,000.00 1$ - $ 6,952,480.00 1$ 24,172,480.00 Annual Operating and Debt Service Budget Fiscal Year 2016 Page 7 1611 A2 HERITAGE BAY Community Development District Debt Service Fund Budget Narrative Fiscal Year 2016 REVENUES Interest-Investments The District earns interest on the monthly average collected balance for their trust accounts. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all sold and platted parcels(using the uniform method)within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162 and Section 197.3632 of the Florida Statutes, discounts are allowed for early payments of assessments collected by the Tax Collector and only when the Tax Collector Is using the uniform methodology. The budgeted amount for the fiscal year is calculated at 4%of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative 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.The property appraiser cost is based upon 1.5%of the anticipated Non-Ad Valorem assessment collections. 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 assessment collection cost is based on a maxirnum of 2%of the anticipated assessment collections. Debt Service Principal Debt Retirement The District pays regular principal payments annually in order to pay down/retire the debt. Interest Expense The District pays interest expense on the debt twice during the year. Annual Operating and Debt Service Budget Fiscal Year 2016 Page 161 ' l Heritage Bay Community Development District Supporting Budget Schedules Fiscal Year 2016 1611 A2 HERITAGE BAY Community Development District All Funds Comp1r"fr son3o' ssment Rates Fl,6al Year 2016 vs.Fls Year 2015 General Fund 001 p Debt Service Total Assessments per Unit Unks FY 2016 FY 2015 Percent FY 2016 FY 2015 Percent FY 2016 FY 2015 Percent Product Chang zr, Change Change . it Executive $250.00 $200.00 25% ` $1,494.25 $1,494.25 0% $ ,744.25 $1,694.25 3% 139 Classics $250.00 $200.00 !25% $2,362.85 $2,362.85 0% 512.85 $2,562.85 2% 95 Classics II _. $250.00 $200.00 /25% $2,552.25 $2552.25 0% 2502.25 $2,752.25 2% ? 18 Coach $250.00 $200.00 ( 25% $1,054.76 $1,054.76 0% 1,304.76 $1,254.76 4% 184 2 Story $250.00 $200.00 25% $878.97 $878.97 0% $1,128.97 $1,078.97 5% 364 4 Story $250.00 $200.00 25% $703.18 $703.18 0% $953.18 $903.18 6% 450 1250 Annual Operating and Debt Service Budget Fiscal Year 2016 Page 9 1611 A2 Agenda Page:45 Heritage Bay Community Development District Financial Report February 28,2015 Prepared by SEVERN TRENT SERVICES 161 1 •• A2 Agenda Page:48 Heritage Bay Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet-All Funds Page 1 Statement of Revenues,Expenditures and Changes In Fund Balance General Fund Page 2 • Debt Service Fund Page 3 SUPPORTING SCHEDULES Trend Report Page 4 Non Ad Valorem Special Assessments Page 5 Cash and Investment Report Page 6 Bank Reconciliation Page 7 Check Register and Invoices Pages 8-14 161 1` iA 2 Agenda Papa:47 Heritage Bay Community Development District Financial Statements (Unaudited) February 28, 2015 1 6 1 A2 HERITAGE BAY Agenda Page:48 Community Development District Governmental Funds Balance Sheet February 28, 2015 SERIES 2014 DEBT GENERAL SERVICE ACCOUNT DESCRIPTION FUND FUND TOTAL ASSETS Cash-Checking Account $ 177,114 $ - $ 177,114 Due From Other Funds - 13,962 13,962 Investments: Certificates of Deposit- 18 Months 22 - 22 Certificates of Deposit-24 Months 51,193 - 51,193 Money Market Account 76,556 - 76,556 Cost of Issuance Fund - 1,648 1,648 Deferred Cost - 7,677 7,677 Reserve Fund - 605,210 605,210 Revenue Fund - 1,147,807 1,147,807 TOTAL ASSETS $ 304,885 $ 1,776,304 $ 2,081,189 LIABILITIES Accounts Payable $ 10,260 $ - $ 10,260 Accrued Expenses 4,662 - 4,662 Due To Other Funds 13,962 - 13,962 TOTAL LIABILITIES 28,884 - 28,884 FUND BALANCES Restricted for: Debt Service - 1,776,304 1,776,304 Assigned to: Operating Reserves 37,249 - 37,249 Reserves-Erosion Control 58,000 - 58,000 Unassigned: 180,752 - 180,752 TOTAL FUND BALANCES $ 276,001 $ 1,776,304 $ 2,052,305 TOTAL LIABILITIES & FUND BALANCES $ 304,885 $ 1,776,304 $ 2,081,189 Report Date:3/23/2015 Page 1 161 I A2 HERITAGE BAY Agenda Page:4 Community Development District General and Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending February 28,2015 ANNUAL ADOPTED YTD YTD VARIANCE($) FEB-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ACTUAL REVENUES Interest-Investments $ 500 $ 206 $ 272 $ 66 $ 63 Special Assmnts-Tax Collector 249,995 240,000 237,613 (2,387) 2,999 Special Assmnts-Discounts (10,000) (9,700) (9,147) 553 (46) TOTAL REVENUES 240,495 230,506 228,738 (1,768) 3,016 EXPENDITURES Administration P/R-Board of Supervisors 4,800 1,600 2,200 (600) - FICA Taxes 367 122 168 (46) - ProfServ-Arbitrage Rebate 600 600 600 - - ProfServ-Dissemination Agent 1,000 1,000 - 1,000 - ProfServ-Engineering 15,000 6,250 6,712 (462) - ProfServ-Legal Services 7,000 2,916 7,020 (4,104) 5,953 ProfServ-Mgmt Consulting Sery 38,246 15,936 15,936 - 3,187 ProfServ-Property Appraiser 3,750 3,750 3,750 - - ProfServ-Special Assessment 5,000 5,000 5,000 - - ProfServ-Trustee Fees 6,815 - - - - ProfServ-Web Site Maintenance - - 281 (281) 13 Auditing Services 3,600 3,600 - 3,600 - Postage arid Freight 1,300 541 632 (91) 108 Insurance-General Liability 13,673 13,673 12,754 919 - Printing and Binding 1,400 584 408 176 - Legal Advertising 1,400 584 199 385 - Misc-Bank Charges 750 310 331 (21) 57 Misc-Assessmnt Collection Cost 5,000 4,800 4,569 231 59 Office Supplies 550 229 171 58 - Annual District Filing Fee 175 175 200 (25) - Total Administration 110,426 61,670 60,931 739 9,377 Field ProfServ-Field Management - - 5,000 (5,000) 1,000 Contracts-Lake and Wetland 55,944 23,310 23,310 - 4,662 R&M-Aquascaping 24,125 10,051 - 10,051 - R&M-Lake Erosion 35,000 14,584 - 14,584 - R&M-Contingency 15,000 6,250 3,500 2,750 - Wall Improvements - - 10,800 (10,800) 900 Total Field 130,069 54,195 42,610 11,585 6,562 TOTAL EXPENDITURES 240,495 115,865 103,541 12,324 15,939 Net change in fund balance $ - $ 114,641 $ 125,197 $ 10,556 $ (12,923) FUND BALANCE,BEGINNING(OCT 1,2014) 150,804 150,804 150,804 FUND BALANCE,ENDING $ 150,804 $ 265,445 $ 276,001 Report Date: 3/23/2015 Page 2 1 A2 HERITAGE BAY Agenda Page:50 Community Development District Series 2014 Debt Service Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending February 28,2015 ANNUAL ADOPTED YTD YTD VARIANCE($) FEB-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ACTUAL REVENUES Interest-Investments $ - $ - $ 20 $ 20 $ 8 Special Assmnts-Tax Collector 1,308,564 872,376 1,243,727 371,351 15,695 Special Assmnts-Discounts (52,343) (34,896) (47,877) (12,981) (243) 'TOTAL REVENUES 1,256,221 837,480 1,195,870 358,390 15,460 EXPENDITURES Administration ProfSery-Property Appraiser 19,628 19,628 19,628 - - Misc-Assessmnt Collection Cost 26,171 17,448 23,917 (6,469) 309 Total Administration 45,799 37,076 43,545 (6,469) 309 Debt Service Principal Debt Retirement 270,000 - - - - Interest Expense 476,311 - - - - Total Debt Service 746,311 - - - - 'TOTAL EXPENDITURES 792,110 37,076 43,545 (6,469) 309 Excess(deficiency)of revenues Over(under)expenditures 464,111 800,404 1,152,325 351,921 15,151 OTHER FINANCING SOURCES(USES) Contribution to(Use of)Fund Balance 464,111 - - - - 'TOTAL FINANCING SOURCES(USES) 464,111 - - - - Net change in fund balance $ 464,111 $ 800,404 $ 1,152,325 $ 351,921 $ 15,151 FUND BALANCE,BEGINNING(OCT 1,2014) 623,979 623,979 623,979 FUND BALANCE,ENDING $ 1,088,090 $ 1,424,383 $ 1,776,304 Report Date:3/23/2015 Page 3 I 6 I 1,.• A2 Agenda Page:51 Heritage Bay Community Development District Supporting Schedules February 28, 2015 1611 A2 ..t, is ,.. ge, g.. g C tt ° N� N N wD < e s `• § "'34S$,° N :3: 2XA ,° � �Ng RI° `° a' w n � i Q . il 9 VI 2.� ' « < _M >1 M .i.1. N.1.N 41 d N .4 zL 4 V p fi N 2 R O ~ N a 41 CC far, i �, m.:� � � � -- `\ 1 g �O g up Of c�I O 8 8 ' QMq 0. N - p N f° Z O A�A O N 5 N 5 O� t�l R. (y p O c'+] . ' § m O 4 N Yf 4•N 0 ^IV co La pi N N N O 'q a '.i fO o N ni C m' {CV N vs ■ o w C _ mm Ny po w' N ' , e ^ ' ' ' , O ' • * • 5 8 �g C N • m F._ F C iA t O EO ' •Yf '' O .i tV N.- .• ' a CO) O w Mk cts N 4 O P r -O tV N-- -• N �. m N N ti co co• c m w j Al V N N Q C °3 i w N O � §.3 i . c •- $ m ` y N iti> U- 4 t • ,_w w E — s w N w r r w 0 C N Ln Q co a 0 « 1111 y1 'y W&Qf G N U l l , ,' E v g 8. Y g a 3' 'F ffi Q a c 3 0. LLag a .Z,s•1 .. g8 <i M0 KKy W 161 1 A2 Agenda Page:53 Heritage Bay Community Development District Non-Ad Valorem Special Assessments-Collier County Tax Collector (Monthly Collection Distributions) For the Fiscal Year Ending September 30,2015 ALLOCATION Discount/ Gross Debt Service Date Net Amount (Penalties) Collection Amount General Fund Fund Received Received Amount Costs Received Assessments Assessments Assessments Levied $ 1,558,564 $ 250,000 $ 1,308,564 Allocation% 100% 16% 84% 10/29/14 $ 12,833 $ 726 $ 262 $ 13,820 $ 2,217 $ 11,803 11/14/14 150,646 6,405 3,074 160,125 25,685 134,441 11/25/14 572,406 24,337 11,682 608,425 97,594 510,831 12/12/14 501,120 21,009 10,227 532,356 85,392 446,964 12/31/14 62,734 1,999 1,280 66,013 10,589 55,424 01/29/15 78,054 2,259 1,593 81,906 13,138 68,768 02/27/15 18,036 290 368 18,694 2,999 15,695 TOTAL $ 1,299,738 $ 54,476 $ 26,525 $ 1,481,340 $ 237,613 $ 1,243,727 %COLLECTED 95.05% 95.05% 95.05% TOTAL OUTSTANDING $ 77,224 $ 12,387 $ 64,837 Report Date:3/23/2015 Prepared by: Page 5 Severn Trent Management Services 161 ' 1 A2 Heritage Bay Agenda Page:54 Community Development District Cash and Investment Balances February 28,2015 ACCOUNT NAME BANK NAME MATURITY YIELD BALANCE GENERAL FUND Operating Checking Account-MuniNow SunTrust N/A 0.10% $ 175,864 Checking Account BankUnited N/A 0.00% 1,250 Subtotal 177,114 Money Market Account Stonegate Bank N/A 0.25% 76,556 Subtotal 76,556 Certificate of Deposit-18 Months BankUnited 02/13/15 0.50% 22 (1) Certificate of Deposit-24 Months BankUnited 02/13/16 0.52% 51,193 Subtotal 51,215 Subtotal General Fund 304,885 DEBT SERVICE FUND Series 2014 Cost of Issuance US Bank N/A 0.05% 1,648 Series 2014 Deferred Cost Fund US Bank N/A 0.05% 7,677 Series 2014 Reserve Fund US Bank N/A 0.05% 605,210 Series 2014 Revenue Fund US Bank N/A 0.05% 1,147,807 Subtotal Debt Service 1,762,342 (2) Total $ 2,067,227 Note 1 Residual Interest payable on Cashed CD. Check deposited 3/4/15. Note 2-Invested in First American Obligation Fund Report Date:3/23/2015 Prepared By: Page 6 Severn Trent Management Services 1 b I i. A2 Agenda Page:55 Heritage Bay CDD Bank Reconciliation Bank Account Na iMI Statement No. 02-15 Statement Date 02/28/15 G/L Balance(S) 175,863.96 Statement Balance 176,763.96 G/L Balance 175,863.96 Outstanding Deposits 0.00 Positive Adjustments 0.00 Subtotal 176,763.96 Subtotal 175,863.96 Outstanding Checks 900.00 Negative Adjustments 0.00 Total Differences 0.00 Ending G/L Balance 175,863.96 Ending Balance 175,863.96 Difference 0.00 Posting Cleared Date Document Type Document No. Description Amount Amount Difference Deposits 02/03/15 IRS TX PYMT IRS DEBIT USATAXPYMT -122.40 -122.40 0.00 02/18/15 DEP00154 Collier Cty Tax Coll:Int Dist qtr end 12/31/14 37.93 37.93 0.00 02/20/15 ACH DEBIT SunTrust Account Analysis Fee -56.66 56.86 0.00 02/27;15 ACH CREDIT SunTrust-Bank Interest Income 10.76 10.76 0.00 02/27115 WIRE DEPOSIT COLLIER CTY TAX COLL:ASSMNTS RCVD thru 2/26/1 18,036.46 18,036.46 0.00 Total Deposits 17,905.89 17,905.89 0.00 Outstanding Checks 02/20/15 Payment 799 ARTISTIC STRUCTURES,INC 900.00 0.00 900.00 Total Outstandnng Checks 900.00 Page 7 1 6 1 1 A 2 N - \ ( / \ co j ) / E 7 ) \ \ # - a j - y _\ # # d co f (01. 69. a. \ 0 _01 % ƒ _ # ` ) ) ) ƒ ) ) ƒ k i ) ) 2 CO t ) 7 2 § t \ 7 \ 2 § ° ° L ° (.3 k -J e § a I z co } , § } E k j § E / R 0 \ \ e 2 o 7 $ 2 $ 2 co to co § u � z \ \ / _ § f� k k , $ \ \ t � ƒ _ ( E ) cG � 03 X72 ) \ r \ g ) 2 k k ( k ° f ƒ ) E ) i E E 2 f 2 ) ) \ ../. . \ \ k } o 2 t \ } [ w d [ P m ■ co } } W \ ) E a } ) le I $ o. . e G q ■ o$ § / k 0 %co § 2 m O u. » _ » 4) o ] & 7 \ ) � � � ° � ° Wyk ) k A E § � 0 [ § ) § ■ & a a 0 x - ° ° 0 It lb 9 § ' laB § E ` B - ■ W@ SB \ zQ � z 03 3 � § � � ) ~ 0 u cC 1611 A 2 Heritage Bay CDD Severn Trent Services Field Management Report Site Inspection - 3/24/2015 1. Lake Management:The lakes continue to be healthy as water levels have continued to decrease. Littorals are really beginning to perk up on some of the lake banks,particularly lakes 4 and 15 (pictured below). ' 3 y. pi vr; r a. Algae: i. Low density on Lakes: 6. ii. Medium density on Lakes: No issues observed this month. b. Littorals:The second phase of the littoral planting is underway. Lake and Wetland Management is using the lake bank of lake 3 for their staging ground and storage of the littorals to be planted. Installation of littorals being installed on the golf course side of the lakes was observed, but this was corrected through a discussion with their on-site Manager. 's e 1 161' 1 A2 c. Rocks: a. The rocks on the south bank of lake 30A need to be sprayed to remove weed build up in this area. r �r d. Weeds: i. Alligator Weed in Lakes: No issues observed. ii. Brazilian Pepper:The pepper tree stump on the southern portion of lake 30B needs to be sprayed as new shoots are already visible. The pepper tree that was mentioned in the report last month on this same lake growing up a cypress tree on the north eastern corner near the tee box is still present and needs to be removed. Tree Removed 30B New Tree 30B 41" 4a �' blitz p 4 t iii. Cattails in Lakes: No issues observed. iv. Climbing Hemp Vine in Lakes: No issues observed. v. Lily Pads in Lakes: No issues observed. vi. Hydrilla in Lakes: No issues observed. 2 161 1 A2 vii. Illinois Pond Weed in Lakes:With the decrease in the water levels of the lakes the pond weed is becoming more noticeable, especially in the cove of lake 30A by the roundabout. Heavy treatment with the lower water level may assist in decreasing the amount of pond weed in the lakes. " 11114 irk • "z Y viii. Red Ludwigia: It appears that the issue reported last month on lake 4(homes side,by the bridge) is improving. t41144°A ix. Torpedo Grass in Lakes:18, 19,20(very heavy on west bank), 26 &28. 4 e. Fish: No issues observed. f. Trash in Lakes: No issues observed. g. Bulkheads: No issues observed. 3 1611 A 2 h. Clippings: Noticed in lake 6.Care should be used to avoid adding additional organic material into the system to help reduce the chances of an algae bloom occurring.•K : . s 2. Dissolved Oxygen(DO)Tests: Next test will be in July 2015 once the testing equipment has been repaired. 3. Lake Bank Erosion: a. An old wash out is beginning to form at the northern end of lake 1. Rip rap and filter fabric should be installed to prevent this issue from growing.The approximate repair cost for this issue is estimated at $500.00. '. x "' 1%�gb • 1,,,%hS N G am-. _ m6i.„ 41. .g /.1", ;* , f - A 'r� H" } 4 ` ; te •, :a ' .. . b. A washout between the first two buildings along lake 5 was discovered.A bubbler and pipe installation is likely necessary here, however,there are no downspouts on the buildings in this area.The approximate repair cost for this issue is estimated at$750.00. e1 t i 0 4 161 1 A 2 c. The erosion on the homeowner's side of lake 26 has quickly gotten worse and pushing off a repair until next Summer is not likely.We are currently requesting proposals to repair this area with a variety of options.The approximate repair cost for this issue is estimated at$3,000.00+ depending on the solution chosen. "V 9C: .yx $. '86tl h i--i 4. Storm Drainage a. Control StructureSystem:s: i. W2L30:One last cattail needs to be sprayed out in this structure. :. � ,, 0a a g d .,Ao a V f '''''1 1.14.1„,....„, . 4,:. ,-., ,.,,, i k,..,,,„.. b. Drains:No issues observed. c. Roadway Catch Basins: No issues observed. d. Catch Basins: No issues observed. 5 1611 A2 e. Inter-Connect Pipes:The inter-connect on the north east bank of lake 20 was observed with large rocks in the mouth of the pipe.These rocks should be cleared out during the Summer 2015 work to prevent the future possibility of a blockage being created. REF WM DWG I MO442-O i Elk f. Illicit Discharges: No issues observed. g. Lake Drainage Pipes: i. Floating pipes were noticed on the golf course sides of lake 2 and 26.One floating pipe on the homeowner's side was noticed on lake 4. ;:` � x,2.5''.rg,.,,,�,,.s.-�:y mil.¢ ✓'-:� ',�'a�. ii. On the north west bank of lake 20 a drainage pipe appeared to buried and stuck in the sand.This pipe should be checked further to ensure that it is indeed draining properly. :yp Y w 6 16I 1 A t# 5. Fish/Wildlife Observations: ❑ Bass ❑ Bream ❑ Catfish ❑Gambusia ® Egrets ® Herons ❑Coots ❑Gallinules ®Anhinga ❑Cormorant ❑Osprey ® Ibis ❑Woodstork ❑Otter ®Alligators ❑Snakes ®Turtles ❑Other Species: Ducks,Tilapia 6. Residential Complaints/Concerns: None reported at the time of Inspection. 7. Non-CDD Issues Observed: a. There is a broken sprinkler behind 10119 Biscayne Lane.The broken riser between lake 26&27 mentioned in last month's report is still present. ,t .J•• • § e d ^G.tic, , p Ak: 4p :W. . S ,',..:.::.7.-""s,,,,.,.„,,,Pi?.-1.,-,7z,t4t,44 -4:4,:,,,-_-:', .`,..- : : ' ' - " ' ' ' illipw- -,%,6-11,-•_.,, A---,,e,,-,,,,4,--,,7-::;":c , ,, , - r.. 7 161 1 A2 8. Follow up Items: Heritage Bay CDD Follow Up Tasks Summary Follow Up Task Reported On Assigned Action Completed Erosion on lakes 1,4,5,6,12,19,22,23,27,30B 11/25/2014 Floating Pipes lakes 2,5,7,8,9,10,13,14,17,19,24,26 9/25/2014 Old sign on Lake 30B 2/23/2015 Clean out Inter-connect on lake 20/check drainage pipe 3/24/2015 Field Manager Tasks Write letter to The Quarry requesting removal of Brizillian Pepper Trees 10/17/2014 In Progress Golf Course trimmings in the lakes 10/17/2014 Discuss with Superintendent when water recedes Lake Bank Review In Progress ..... .. ..... Littoral Planting Reviews On Going Erosion Restoration Site Visit Completed • CDD Contractor Tasks Reattach concrete screws to C.S.L3000002 ' 1/6/2015 In is Mark submerged rock in Lake 30A 2/23/2015 ' InPru is Removal of Brizillian Pepper Tree in Lake 30B N.E. 2/23/2015 Lake&Wetlands Spraying Brizillian Pepper Tree stump in Lake 308 South 3/24/2015 Lake&Wetlands Spray out weeds in rocks souther bank oflake 30A 3/24/2015 Lake&Wetlands Spray out torpedo grass on lake 26 west bank 3/24/2015 Lake&Wetlands Repairbank/clean out drainage pipe on lake 20 3/24/2015 Landshore HOA Contractor Tasks Homeowner Complaints/Concerns 8 1611 A2 Heritage Bay Community Development District -Board of Supervisors Assignments- The following assignments and related tasks shall be effective April 1, 2015 and run through October 31, 2016. Chairman: -oversee all recommended lake bank maintenance activities-responsible for providing recommendations for aquatic plantings and lake bank maintenance -responsible for working with Lake and Wetland Management to ensure that all work is completed as negotiated -oversee all special projects; example main bridge retaining wall -chief liaison to Severn Trent and outside vendors -monthly walk-around with Field Service Engineer Vice Chairman: Grant -provide backup support for the Chairman in his absence. -oversee our website and make recommendations for improvement Assistant Treasurer: May -responsible for periodic reviews of all financials and financial reporting -to oversee the annual budgeting process -responsible for identifying financing opportunities in conjunction with our District Manager if financing needs arise -to work with Severn Trent to ensure that all reporting is in agreement with BOS approvals and vendor contracts -to monitor bond payments 1 161 1 A2 Secretary1: Gagne -responsible for overseeing water quality with outside vendor(s) and the Master HOA -development of a comprehensive water testing program which will track testing on a historical basis to deter rnine ongoing issues with water quality. To work with the HOA in development of the process and actual testis g -re sponsible for working with the BOS to make recommendations to the Master HOA regarding lake issues to inc I udelake water issues,the need for aeration devises,the elimination of invasive plants, etc. Work with the COD Field Service Engineer and utilize his monthly reports. See attached list of lake concerns*** Secretary2: Brodeur -responsible for the lake interconnect and control structure system and ensuring that the entire system is functioning as designed -to identify, by working with the District Engineer and Field Service Engineer, any structures which require maintenance and to recommend corrective action -ensuretimely annual reporting to the Master HOA as to the integrity of the overall system and any work we performed ***Lake concerns -work with the HOA to sponsor a Lakes Committee to oversee all issues not related to CDD responsibilities -Cord grass and other plants allowed to float in the lakes after being cut creating a algae situation? -"turds"from greens aeration being utilized to stabilize lake banks, allowing chemicals to get into the lakes? -large grass blowers blowing grass clippings, etc into the lakes. Also some evidence of this from local landscaping companies -outside contractors and lack of monitoring as to what chemicals and processes they are using; ex. Power washing, painting, etc. 2 16I 1 A2 MINUTES OF MEETING (bsAN.C� HERITAGE BAY BY COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Heritage Bay Community Development District was held on Thursday, April 2, 2015 at 9:00 a.m. in the Heritage Bay Clubhouse, 10154 Heritage Bay Boulevard,Naples,Florida. Present and constituting a quorum were: Edwin Hubbard Chairman Ronald Grant Vice Chairman John May Assistant Treasurer Dennis Gagne Assistant Secretary Richard Brodeur Assistant Secretary Also present were: Cal Teague District Manager David Wilkison District Engineer Greg Urbancic District Counsel Ralph Verrastro Bridging Solutions Denny Kunish Lake&Wetland Management Sue Lemon Resident The following is a summary of the actions taken at the April 2, 2015 Heritage Bay Board of Supervisors meeting. FIRST ORDER OF BUSINESS Roll Call Mr.Teague called the meeting to order and called the roll. SECOND ORDER OF BUSINESS Public Comments on Agenda Items There were no comments from the public. THIRD ORDER OF BUSINESS Bridge Wall Replacement Options— Ralph Verrastro • Mr. Verrastro from Bridging Solutions presented his supplement study report for additional alternatives to the proposal for design and bidding phases for replacement of the retaining wall at the bridge; a copy of the report is attached for the record. 4-30-15 161 1 A2 April 2, 2015 Heritage Bay CDD • Supplemental wall replacement alternatives were discussed: > Alternative 5a—Stone Strong Modular Block Wall- $425,000 > Alternative 5b—Vertical Modular Block Wall -$320,000 > Alternative 6—Existing Stones on 2:1 Slope-$190,000 • A lengthy discussion ensued with regard to the proposed various options. The option of obtaining a bank loan for the project was also addressed. Mr. Grant MOVED to approve Alternative 6 as the preferred repair method for the lake banks on both sides of the bridge and Mr. May seconded the motion. • The prior motion was discussed. Landscaping around the bridge area was addressed. • The meeting was opened for public comment on the motion. • Ms.Lemon felt the visual impact of the bridge area is important. On VOICE vote with Mr. Grant, Mr. May, Mr. Gagne and Mr. Brodeur in favor and Mr. Hubbard opposed the prior motion was approved. Mr. May MOVED to direct the engineer to include trees along each side of the bridge to maintain the appearance of the bridge and Mr. Grant seconded the motion. • The meeting was opened for public comment on the motion. • Ms.Lemon was in favor of greenery in the bridge area. On VOICE vote with all in favor the prior motion was approved. On MOTION by Mr. May seconded by Mr. Gagne with all in favor the contract with Bridging Solutions to provide professional engineering services for final design for wall replacement in the amount of$27,850 was approved. 4-30-15 2 161 1 A2 April 2, 2015 Heritage Bay CDD On MOTION by Mr. Gagne seconded by Mr. Brodeur with all in favor the proposal from Stantec in the amount of $5,100 was approved. FOURTH ORDER OF BUSINESS Approval of the Minutes of the March 5,2015 Meeting Mr. Teague stated each Board member received a copy of the minutes of the March 5,2015 meeting and requested any additions,corrections or deletions. There not being any, On MOTION by Mr. Hubbard seconded by Mr. May with all in favor the minutes of the March 5, 2015 meeting were approved. FIFTH ORDER OF BUSINESS Old Business A. Littoral Planting Update • An update was provided noting the project will be completed by next week. • Lake and Wetland's contract amendment for an additional $400 per month for sonar treatment of Illinois Pondweed was addressed On MOTION by Mr. Hubbard and seconded by Mr. Grant with all in favor approval of the special service agreement dated March 18,2015 with Lake&Wetland was ratified. B. Summer 2015 Lake Bank Projects i. Copeland Southern Enterprises,Inc. Proposals ii. Landshore Enterprises Proposal iii. Severn Trent Environmental Services,Inc.Proposal • The proposals were discussed including a fourth proposal from Southwest Development which was distributed at the meeting. • Mr. Wilkison commented on lake bank repairs. On MOTION by Mr. Hubbard seconded by Mr. Grant with all in favor the two proposals from Southwest Development for erosion repair in the amount of$1,500 and $9,950 subject to having Justin Faircloth work closely with them to make sure work is clearly defined was approved. 4-30-15 3 161 1 A2 April 2, 2015 Heritage Bay CDD • It was requested the project begin as soon as possible with completion before the rainy season begins. • Lake 26 repair work was discussed. Budget allocation for repair was reviewed. Additional information and work quotes will be presented at the next meeting. C. Review of Landshore 2013/2014 Work • Landshore Enterprise proposal for adding rock on Lake#20 and#10 was reviewed. On MOTION by Mr. Hubbard seconded by Mr. Gagne with all in favor the Estimate #3062 in the amount of $3,035 from Landshore Enterprise to add rock on Lake #20 and #10 with ;stipulation Mr.Faircloth will meet with them and clearly define the end product was approved. SIXTH ORDER OF BUSINESS New Business A. Lake and Wetland's Contract Amendment • This item was previously discussed. B. Fiscal Year 2016 Budget • A draft of the proposed fiscal year 2016 budget and the budget process was reviewed. SEVENTH ORDER OF BUSINESS Manager's Report Mr.Teague addressed the following: A. Approval of Financials,Check Register and Invoices • The financials for the period ending February 28,2015 were reviewed. On MOTION by Mr. May seconded by Mr. Gagne with all in favor the February 28, 2015 financials were accepted as presented. B. Field Manager's Report • The Field Management Report for the site inspection conducted on March 24, 2015 were reviewed;a copy of which is attached for the record. B. Follow Up • All items were addressed. 4-30-15 4 16 1 ile A2 April 2, 2015 Heritage Bay CDD EIGHTH ORDER OF BUSINESS Attorney's Report There were no further items to address. NINTH ORDER OF BUSINESS Engineer's Report Mr.Wilkison distributed a map with lake numbers. TENTH ORDER OF BUSINESS Supervisors' Requests and Audience Comments • Mr. Hubbard commented on Board member responsibilities; a copy of recommended assignments is attached for the record. • Ms.Lemon commented the meeting was very informative. ELEVENTH ORDER OF BUSINESS Adjournment There being no further business, On MOTION by Mr. Hubbard seconded by Mr. Gagne with all fpin favor the meeting was adjourned at 11:24 a.m. . .c---- .-4 I›- J - _u e Edwin Hubbard Secreta Chairman 170/l ifb P G15 H e 4-30-15 5 1611 A3 Heritage Greens Community Development District Board of Supervisors George Coombs, Chairman Calvin Teague, District Manager Jim Marshall,Vice Chairman Greg Urbancic, District Counsel Marsha Coghlan,Assistant Secretary James Carr,PE, District E•• Ronald Parrott,Assistant Secretary Henry Michaelson,Assistant Secretary ( U v 11,\\ Regular Meeting Agenda April 20, 2015 — 6:00 p.m. 0. h 1. Roll Call By du" 2. Approval of Agenda 3. Approval of the Minutes of the March 16,2015 Meeting 4. Audience Comments 5. Old Business A. Resident Data Base Update B. Guardhouse Cleaning C. School Wall Repair D. Tree Trimming and Sidewalk Cleaning Agreement with the HGCA 6. New Business A. Heritage Greens CDD/Heritage Greens Community Association Agreement B. Leaf Pickup Considerations C. Proposal for Sweeping the Roadways 7. Manager's Report A. Watch Reports B. Follow-Up Items—Parking Violations C. Discussion on FY 2016 Budget D. Financial Statements 8. Attorney's Report 9. Engineer's Report 10. Supervisors' Requests and/or Comments 11. Audience Comments 12. Adjournment Note: Next meeting is scheduled for Monday,May 18,2015 District Office: Meeting Location: 210 N.University Drive,Suite 702 Heritage Greens Community Center Coral Springs,Florida 2215 Heritage Greens Drive 954-753-5841 Naples,Florida www.heritagegreenscdd.org 1611 A3 Naples Daily News Naples, FL 34110 Affidavit of Publication Naples Daily News HERITAGE GREENS COMMUNITY DEVELOPMENT DISTRICT 210 N UNIVERSITY DR #702 CORAL SPRINGS FL 33071 REFERENCE: 027769 NOTICE OF MEETING NOTICE OF MEETING 59754500 HERITAGE GREENS COMP, ' Greens Community Development District State of Florida The Board of Supervisors of the Heritage Greens Community Development District will hold their meetings for Fiscal Year 2015 at 6:00 p.m.at the Heritage. County of Collier Greens Community Center,2215 Heritage Greens Drive,Naples,Florida on the third Y Monday of each month as indicated below: Before the undersigned authority, person october2o,201a appeared Daniel McDermott,on oath says tha ,oecember ;Oi4 serves as Inside Sales Manager of the Napl Fanuray19,2015 News, a daily newspaper published at mar rizo man Naples, in Collier County, Florida: that Moe;s;zos • attached copy of advertising was published =2o15 newspaper on dates listed. September z,,zols •There May be-occasions;when one or more supervisors will participate by Aft iant further says that the said Naple telephone: 'Meetings may be cmtl,nued to a date,time,and on th place to be specified e r the News is a newspaper published at Naples, 1 Any ecord peat rwn e me regutiirn g. inq special accommodations at this meeting because of a disabiliry:'or physical impaamr�rt should corAct the DisttiR Office at (9504) Collier County, Florida, and that the said g= at least lease contact days prior to the meeting:(8007 are hearing or speech impaired,please contact the Florida Relay Service at(800)955.8770 for aid newspaper has heretofore been continuously in contacting the District Office..: published in said Collier County, Florida, Each person who decides to appeal any action taken at these meetings is advised that person will need a"record ct the proceedings dnd that accordingly,the person day and has been entered as second class n may need to ensure that a verhatim record o£the proceedinggs is made, including matter at the post office in Naples, in sa thetestimeoyandevidenceupbnryhihsucbeppealrstobebased. Collier County, Florida, for a Calvin Manager next preceding the first publicationdoffthentPmber,o2o,A ' No2o3nao3 attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper. PUBLISHED ON: 09/12 AD SPACE: 76 LINE FILED ON: 09/12/14 , r� Signature of Affiant Sworn to and Subscribed berore me. is' da of l 7 ` Y tsL G,: 1 L�✓�Z 0 t ' r P I ersonally known by me C _- . / L, ,•,,, cAROL PalQORa 2`T •^ ` a• :n H r EXPIRES'Novo me28,2014 Af, rte, Be U feu Pkeiso insurance Agency 1 6 1 1 lA 3 Heritage Greens Community Development District Severn Trent Management Services,5911 Country Lakes Drive,Fort Myers,FL 33905 Tel(239)245-7118 Fax(239)245-7120 To All Residents: Only ONE call box entry can be entered per address. Please fax or mail request form to the contact info given above. Your entry should appear within one week after we've received your request, if you have any questions please contact the Administrative Assistant at (239) 245- 7118 ext. 303. Please Add My Information to the Call Box Entry System ❑ Renter c Owner DATE: NAME: ADDRESS: PHONE #: Please Make Changes to my Existing Call Box Entry Information ❑ Change Phone# ❑ Change Spelling ❑ Update Resident Info. DATE: NAME: ADDRESS: PHONE #: Thank you for your participation: Your HGCDD Board of Supervisors f r 1611 A3 Heritage Greens Community Development District Severn Trent Management Services 5911 Country Lakes Drive Fort Myers, FL 33905 Tel (239) 245-7118 Fax(239)245-7120 justin.faircloth@stservices.com To All Owners: Only ONE call box entry can be entered per address. Please send requests to the contact info given above. Your entry should appear within one week after we've received your request, if you have any questions please contact the Administrative Assistant at (239) 245-7118 ext. 303. Owner Information NAME: ADDRESS: PHONE #: Please add the following Information to the call box entry system ❑ New Owner ❑ New Renter ❑ updating Information EFFECTIVE DATE OF CHANGE: NAME: ADDRESS: PHONE#: 161 ' l A3 Agenda Page 12 I m N IO! i• * L L C ill G G N i • N N N N I a G a O O O .— u a E ba n C d 1 w R 6 d d u A co J i■ 4a 0 C W i d =, v 8 Pz * i8 N go U' g 0 d, R A tI c• 2u° d Si b . . e 1 8 V 1b11 A3 Agenda Page 13 Crystal Bill To �� Heritage Greens CDD Ship to: c/o Severn Trent Services Heritage Greens Guard House 210 N.University Dri Ste#702 at entrance of 2215 Heritage Greens Coral Springs,FL 33071 Dr Naples,FL 34119 Date 1212/2014 Cleaning Agreement Estimate.1437 Rep: NE We are pleased to quote the following scope of work for Heritage Greens CDD/Severn Trent Services. GUARD HOUSE CLEANING IX PER WEEK UNLESS OTHERWISE NOTED ENTRY DOORS Clean glass entry doors to remove marks,finger prints and smudges. De-cobweb interior and exterior of guard house. RESTROOMS• Clean&Sanitize Restrooms,Includes wiping/cleaning toilets,sinks&urinals inside and out Washing mirrors and other wall fixtures,dusting walls partitions and light fixtures Restocking paper and soap dispensers from customer provided stock Empty trash receptacles and replace liners as needed from customer provided stock OFFICE AREAS Vacuum all rugs&carpeted areas.Sweep and wet mop all hard surface flooring with disinfectant neutral cleaner General dusting of exposed surfaces including furniture.wall decorations,lighting fixtures,phones etc. Empty trash receptacles and replace liners as needed from customer provided stock Monthly Service Fee 5160.00 TIMEFRAME Work will be performed between the hours of 7 pm-4 am. Taxable Sale Crystal Clean Signature Date Agreement Accepted by (Customer Signature) Date •Price quotes include Worker's Compensation Insurance,General Liability Insurance,Employer Social Security Taxes.Federal and State Unemployment Taxes,Employee Bond Coverage,commercial cleaning equipment and cleaning solutions,supervised and trained cleaning personnel. •Florida State Sales Tax(where applicable)is not included. •Upon acceptance of this proposal the Customer hereby agrees NOT to offer employment to any employees or subcontractors that worked for SWFL Crystal Clean LLC during the term of this agreement and fur a period of 24 months following termination of this agreement. "All prices are good for 90 days front the date of the estimate. •Customer hereby agrees to a 30 day cancellation policy Either party may terminate this agreement upon 30 days written notification. 3120 Winkler Ave.Suite 14 Fort Myers.FL 33916 www.Cleanin Forth ers.com Tel 239 936 7700 Fax 239 936 7065 g y 161 . 1 3 Agenda Page 14 Crystal Bel aHeritage Greens CDD Shlp la. c/o Severn Trent Services Heritage Greens Guard House 210 N.University Dri Ste#702 at entrance of 2215 Heritage Greens Coral Springs,FL 33071 Dr Naples,FL 34119 Date t24/20t4 Cleaning Agreement Estimate!143g Rep: NE We are pleased to quote the following scope of work for Heritage Greens CDD i Severn Trent Services. GUARD HOUSE CLEANING 2X PER WEEK UNLESS OTHERWISE NOTED' ENTRY DOORS Clean glass entry doors to remove marks,linger prints and smudges De-cobweb interior and exterior of guard louse. RESTROOMS Clean&Sanitize Restrooms Includes wiping/cleaning toilets,sinks&urinals inside and out Washing mirrors and other wall fixtures,dusting walls panttions and light fixtures Restocking paper and soap dispensers from customer provided stock. Empty trash receptacles and replace liners as needed from customer provided stock. OFFICE AREAS Vacuum all rugs&carpeted areas Sweep and wet mop all hard surface flooring wtth disinfectant neutral cleaner General dusting ofexposed surfaces including ftunrture,wall decorations,lighting fixtures,phones etc. Empty trash receptacles and replace liners as needed from customer provided stock Monthly Service Fee 5314 00 TIMEFRAME Work will be performed between the hours of 7 pm-4 am. Taxable Sale Crystal Clean Signature Date Agreement Accepted by (Customer Signaturcy Date / 'Price quotes include.Worker's Compensation Insurance,General Liability Insurance,Employer Social Securiy Tares,Federal and State Unemployment Taxes,Employee Bond Coverage,commercial cleaning equipment and cleaning solutions,supervised and trained cleaning personnel. •Florida State Sales Tax(where applicable)is not included. •Upon acceptance of this proposal the Customer hereby agrees NOT to offer emplowment to any employees or subcontractors that worked for SWFL Crystal Clean LLC during the term of this agreement and for a period of 24 months following termination of this agreement •All prices are good for 90 days from the date of the estimate. •Customer hereby agrees to a 30 day cancellation policy.Either party may terminate this agreement upon 30 days written notification f 3121)Winkler Ave Suite 14 Fort Myers,FL 33916 www.CleaningFortMyers.com Tel 239 936 7700 Fax 239 936 7065 16111 3 Agenda Page 15 Gladys ESTIMATE 970 0 Sapling Or r Naples FI,34120 Severn Trent services Estimate# 0000001 Estimate Date 12/15/2014 Item Description Unit Price Quantity Amount Cleaning gate entrance two times per week 60.00 2.00 120.00 Subtotal 120.00 Total 120.00 Amount Paid 0.00 Estimate $120.00 1b11 3 Agenda Page 16 Faircloth, Justin From: noreply @salesforce.com on behalf of Jamie Rossi <jrossi @maidpro.com> Sent: Friday,December 12,2014 4:50 PM To: Faircloth,Justin Subject: Your Customized MaidPro Quote maidpro Hi Justin, Thanks for taking the time to go through an estimate with me. Here are some things that set MaidPro apart: • Our service providers concentrate on a 49-Point Checklist""at every location, which leads to consistently excellent service every time. • Your feedback is important to us! Either complete a comment card or online feedback after each service to ensure that your cleaning meets your needs. • We are so confident in our service, we guarantee it. If you are not satisfied with a certain area of your home, simply call us within 24 hours and we will re-clean the area for free. • MaidPro goes above and beyond to make sure all of our service providers are first rate.We complete a background and criminal history check on each staff member before hiring. • Our key coding system is so secure that more than 90%of our clients leave their keys with us. • Each staff member has had extensive orientation and training prior to servicing your home. • Our employees are bonded and insured for your peace of mind. • You will never be under a contract that commits you to a certain number of cleanings.Just give us a 2-business-days notice to cancel or change your service. This is what we estimate for your home: Weekly: 2.00 Labor Hours'' 1st for$75.00 2.00 Labor Hours*each visit thereafter for$75.00 'Labor Hours is equal to the total hours of work for all employees at the home.If two pro's are sent out,the duration of the clean will equal half of the labor hours. Of course, this is just an estimate. If we ever need more time to finish a clean, that time will always be authorized by you first.We would never just stay and charge you My direct number is(239) 596-5200, Find out how nice it is to leave the dirty work to MaidPro! 1 _ ., 1 6 | 1 3 _ , iiE • i | @ B | t $ I .r % i / 1 & } 2 ! a : R | 1$ ! $ ! Ti � .. �. . _ f e }2 2 §i 2 u 2 §11'2 ■ .. . . III ' i' § E I i! g§ 1 ) D § 8 § q • m 1 f Iii & . § 2 - R 1" ' no ' 3 I ! ! ! I k /! , i's e ) . . ■ ) 3 � t 2 3 / ) ! 6 1611 3 FENTON DAVIS CO. PAINT DRYWALL STUCCO 5900 Taylor Rd. Naples, Florida 34109 (239)597-6485 Fax: (239)591-4541 Proposal To: Severn Trent Services Customer Information Proposal Information Contact: Justin Faircloth 5911 Country Lakes Drive Proposal Name: Heritage/Laurel Oak Elementary Fort Myers, Florida 33905 Proposal#: 6170 Estimate Date: March 12, 2015 Phone: 239-245-7120 Job Address: Naples Fax: Email: justin.faircloth @stservices.com Naples, Florida Scope of Work Single Scope $0.00 Pressure wash 600'of wall on laurel oaks elementary both sides total price$900.00 Repair cracks in stucco and repair holes in wall both sides Total Price$3600 Repaint 600'of wall Both sides.Total Price$7400.00 Note no warranty on stucco repairs wall is in such bad shape that repairs would only be temporary fix. Note wall should be replaced it is styrofoam and there is trees growing up through it The styrofoam wall is falling apart. Notes and Exclusions: All pricing is based on the ability to stock site with appropriate sized materials. Any carrying of materials may result in an upcharge from supplier. All trash to be removed to G.C.supplied dumpster. G.C.to supply temporary power and water. Material prices are subject to change due to manufacturers'increases. This proposal may be withdrawn if not accepted within 30 days. Upon acceptance, this proposal will be considered a part of the project contract. 161 1 l5 RYANHAMMOND INCORPORATED (239)872-2559 (239)540-22/1 I-AX rudy@ryanhammondinc.com htto;//www,rvanha mmondinc.com 6400-1 Topaz Court, Fort Myers,FL 33966 PROPOSAL Revised April 17, 2015 Proposal Submitted To: Justin Faircloth @ Severn Trent Services 5911 Country Lakes Drive Fort Myers, FL 33905 justin.faircloth@stservices.com Job Location: Heritage Greens Community Development District Immokalee Road,just West of Logan Road Naples, FL SCOPE OF WORK: 1 - Pressure clean both sides of site wall behind elementary school and skirting the golf course. Water supply is to be by tanker provided by RHI. 2- Seal one side of the wall facing the elementary school. 3 - Paint one coat of Sherwin Williams Superpaint to the wall. 4- No patching or caulking is provided in this proposal. 5- Patch stucco at corners where section of fence was damaged and removed due to hurricane Charlie. Stucco patch to match existing as much as possible. Material Sherwin Williams Superpaint Satin Color Color to match existing. NOTES AND CLARIFICATIONS • All painting is to happen during normal business hours. • Patching of faces of walls are NOT INCLUDED-to adequately patch wall the entire wall would need to be recoated with elastomeric patching. NOT INCLUDED • Longer portion of wall not specified - NOT INCLUDED STANDARD OPERATIONS • RHI shall provide and pay for all materials, equipment, and labor to complete the work. • Upon acceptance of proposal a copy of all licenses, liability and workman's compensation insurance as per the contract shall be provided. • Please allow a minimum two weeks notice to allow for proper scheduling. • The contractor will have direct access to the job foreman and the owner at all times. • At the close of every day all work areas will be left free and clear of all tools, empty paint cans, and debris. • RHI will supply its employees with proper uniforms so as to ensure they are readily recognizable by anyone on the project. • All left over paint will be left in site in the original containers at the completion of the project. 1 1b11 PRICE: $11,700.00 TERMS OF PAYMENT: A 25%deposit is due at commencement and RHI will bill monthly based on percentage of work completed. Payment should be issued within 5 days of receiving the final invoice. A 5.5%per month service charge will be added to any unpaid balance after one month from the invoice date. All specified material will be utilized. Work will be completed in a workmanship manner according to standard practices. Any alteration or deviation from above specifications involving extra costs will be executed only upon written agreement, and will become an extra charge over and above the estimate. Note: Proposal must be updated if not accepted within_180 days. AUTHORIZED SIGNATURE Rudy Cox—Ryan Hammond,Inc. ACCEPTANCE OF PROPOSAL: The above prices, specifications, and conditions, are satisfactory and are hereby accepted. You are authorized to do the work specified.Payment will be made as outlined above. DATE OF ACCEPTANCE SIGNATURE 2 1611 Ae7.3 4 I ; O E � E ! E ; € 1 : .. Y I N " 1 " I E I S. > a y I 1 u m Yo ! I .n 8 I I I ° N a v Y I Y r w a s : § ,a, o E ^ ° giI s s 8l I I Z Z ,-4 ! 1 vi � t . c 3 € I1 C m •C ❑ 3 w IQ ai °. O E in I LA I c 8 1 g ,g I ! N o I I t v o 0 i I« o 1 ; I Y I� n � s E ' C u i I c c � Y i ! m m l 0 1 ! I VI € Y I I a. Y o °I T3 a ' o ai I I i U' D = vl I I C 3 i 1 ' 1 3' ■ I \ I in 44O)� `N i Vj � Op C tla. I W N. I �n . d, 1 +4 C Z Vf v O1 I dl cu 14 ! c' I °i O I Z M M M M • Z.3 N N N N 4•, I N: I I V `J ■l Y Y I V G C E I C C I 0 0 V . 6 I I 1 ! I I I I I ti I ! 1 i -S I 1 I I i I w ' I E I I E ; I i 1 I _ m ! C I, Q i • v V I I E a l yy - I Q I m I z an I I '� I c a I m ! w IA •N Y u 7 1 .� L II In V LL I u c I Z- . I Q 1 g 1 I I I I ioifA3 Estimate ) BMP Products, Inc. Name/Address %- / 15331 N. Mallard Lane Heritage Greens A 00 Fort Myers, FL 33913 `/o Severn Trent Management z 5911 Country Lakes Drive Fort Myers, FL 33905 Date Estimate No. Project 04/01/15 100STM Item Description Cost Total LOCATION:Heritage Greens ATS Price to Vacuum sweep the entire community 725.00 725.00 removing all debris from the roadway, gutters, and curbs. One time sweep. Note: Price to sweep once per quarter: $625.00 Price to sweep once per month price-$525.00 Tax Exempt 0.00 0.00 Total $725.00 161 ' 1 A13 ADVANCED SWEEPING and SERVICE INC. LOT CLEANING SERVICE 12298 Isabella Dr. Bonita Springs FL, 34135 Phone: 239-949-5550 Fax: 239-947-2557 Proposal Submitted To: Justin Faircloth/Severn Trent Service Date: 04/15/2015 Name: Heritage Greens Phone: 239-785-0675 Address: Heritage Greens Dr. City:Naples State: FL Zip: 34119 As per our conversation please accept this proposal for street sweeping and leaf removal. Street sweeping all streets in Heritage Greens to include dump cost. $1,045.00 Leaf pick up service,vacuum truck. Daily rate. $795.00 (I do not believe this will take over one day with a dumpster.) Dumpster charge(approx.). $450.00 Without dumpster, charge to dump each load will be$19.00. Although may take more than one day for leaf pick up service due to travel to dump site. Having a dumpster brought to Heritage Greens for a couples days is the safest and least costly. Dumpster can be parked at the Heritage Greens cull-de-sac across from the golf course maintenance building. Complete job should not be over two days street sweep and leaf pickup with dumpster. Leaves must be in piles. Prices are daily rates. We cannot predict how many leaves will he placed. PAYMENT FOR THE ABOVE SERVICES TO BE MADE WITHIN TEN(10)DAYS OF MONTH END BILLING. THIS AGREEMENT MAY BE TERMINATED BY EITHER PARTY WITH A THIRTY(30) DAY WRITTEN NOTICE. THIS PROPOSAL IS VALID FOR 30 DAYS FROM ABOVE DATE. Thank You. Authorized Signature: Advanced Sweeping and Service Inc. ACCEPTANCE OF AGREEMENT The above services are accepted and you are authorized to start work on: Payment will be made as outlined above. Bill to(If other than above) X Authorized Signature Print Name: Title: Date: If additional insured Vs certificate holder is required there is a$150.00 fee annually DEPENDABLE SERVICE SATISFACTION GUARANTEED If I , , ;1 8 : 0 in 0 • a rz) cr, oo i l (NI' N VI- 1/4 , -I- I t 1 g . . ; . u . 1 1 0 ! 4••• , u i • . 1 E '— 1 (U . 0 ,-! 1 •- , t 1 , o (5 ,-0 1 I ! 1 c — i IA I 1 ' I 6 0 1 to 1 4J ' 0 al I Ill I I I 0 0 I •E '; 2 : -- I Ci a. I %.. _D- IA C I . as l ad , .,., i - ■An 1 WI lab; 1- 1 MI I W QJ I I w • ap .= i.— i L1Q (L1 ra o.1 {ma ,.= I I C ; t3 I QJ in I LU tY.1 1 oo 1 co X 1 -13 1 Z . eh a, ' in 0 gs, ,y, 1 m .-. 1 c 1 , x 00 N • N N • 1 al 1 I 0- . 1 1 "a E----'-"-- Lyn 1 i : t C ._ ro : I a) • -la i 4-. • 1 : I t 1 : I ° 1 • , i 15 1 gc = 1 I c o I as : : - L I U 1 -1- • I I . ' , . . I to • i 1 c 1 .- 0. cx, 1 o , .-, -0 3 QJ C e0 1 I M -J •-• •...1 CO a",.. 1 i 2 -0 ,_ v) 0 0 1 ■ ' i 1 i I (c I I 0 u 1 i 1 t . 1 2 I o ,..., , 161 1 13 pre3 eit Soto's Lawn Service,Inc Estimate Sato 's / :'> "Y+p l 2830 35th Ave NE Naples,FL 34120 Date Estimate # S ( '�� '"` / Lawn Service, Inc. `` �.i 04/20/2015 3075 I/ Gu .�aY A (239)354-1080 www.sotolawn.com Exp. Date Address Heritage Greens 5911 Country Lakes Dr. Ft.Myers,FL 33905 Date Activity Quantity Rate Amount 04/20/2015 Site Prep for removal.Pushing hack vegetation and 140 35.00 4,900.00 ground prepping. (Estimate does not include fence removal) 04/20/2015 Coco Plum (7 Gallon)) 195 35.00 6,825.00 04/20/2015 ***Yellow Section 780 Liniard ft. (Plants will be planted on 4ft on center of 7gal Cocoplum) 04/20/2015 Coco Plum (7 Gallon) 292 35.00 10,220.00 04/20/2015 ***Red Section 1165 Liniard ft. (Plants will be planted on 4ft on center of 7gal Cocoplum) 04/20/2015 From our knowledge we did not notice any form of irrigation.Plants will require irrigation ***50%Deposit is required upon approval All Estimates must be signed and returned prior to start of proj Total $21,945.001 Accepted By Accepted Date Office E-Mail infogi;sotolawn.com Phone#239-354-1080 FAX 239-354-1045 161 1 A'3 Faircloth, Justin From: Pat Wallrich <pjmlawn @centurylink.net> Sent: Monday,April 20,2015 6:54 AM To: Faircloth,Justin Subject: Fence area Loral Oaks school Quote for plants to boarder fence along school property and golf course; Plants suggested; 80 skyvines planted along fence of phase 1 of property south of school Plants and labor quote$2800.00 50% down and balance at completion Plants will climb and cover fence wall with minimal maintenance and if needed a thin cable put up horizontal along fence for support and growth. Plant has a great green leaf and attractive large blue flowers,very attractive and hardy. Thank you Pat PJM Landscape 1 1611 A13 Agenda Page 18 Heritage Greens Community Development District Severn Trent Services,Management Services Division 210 North University Drive,Suite 702•Coral Springs,Florida 33071 Telephone:(954)753-5841• Fax:(954)345-1292 March 17,2015 Heritage Greens Community Association C/o Resort Management 2685 Horseshoe Drive S.#215 Naples,FL 34104 RE: Possible CDD/HGCA Agreement Dear Members of the Board, In response to resident concerns regarding the sidewalks along with the complaints about trees blocking the lighting throughout the community, the Heritage Greens Community Development District(HGCDD)would like to inquire about the possibility of working out a mutual agreement with the Heritage Greens Community Association (HGCA) to address these issues. The CDD proposes that the HGCA serve as the contractor for the CDD to have these two tasks completed. For the sum of$10.00, the CDD would hire the HGCA as its contractor to pressure wash all the sidewalks and trim the trees away from the outdoor lighting at no additional cost to the HGCDD. Included in the pressure washing of the sidewalks the HGCDD would request that this be done when the driveways are included as well. As the HGCDD Chairman of the Board,I am willing to meet with representatives of the HGCA Board to discuss this matter further. If you have any questions,please do not hesitate to contact me. Sincerely, George Coombs Heritage Greens CDD Chairman 1611 EA 3 COMMENTS ON"POSSIBLE CDD/HGCA AGREEMENT Dated March 17,2015 While on the surface it would appear that with complete cooperation by both parties the proposed actions would resolve several of our most pressing problems. However,in the past similar agreements have failed to live up our expectations.I am very sceptable of arrangement where the Community Association serves as our contractor. Also other that the sidewalk ceaning arrangement the other actions is already under the jurisdiction of the Community Association in its enforcement role and directly under the responsibility of the HG Single Family Home s Association. References to the specific Paragraph Citations are included below. Therefore I would like to suggest the following approach to developing a resolution of the problems cited by the subject Agreement 1. Sidewalk Cleaning:The CDD will be directly responsible for cleaning all sidewalks in the development as required. .The timing of this effort will be coordinated with those Association that already provide this service for their members so as to minimize their costs for driveway cleaning. The frequency of this effort will be developed over time as we are able to monitor the longevity of the cleaning.The HGCA will not be involved in any manner 2.Tree Trimming: There are two issues involved in this issue. One is the problem of clearing the trees for proper illumination from the street lighting.And the other is trimming the trees along the roadway which are a obstacle to roadway traffic.With regards to the street lighting problem, it is my understanding that the FPL will do a minimum level of trimming at their costs.However the aesthetic appearance is most likely not be up our desires. With regards to the traffic problems, the Home Owner Associations Declarations require that the property owner or Home Owner Association are responsible for maintaining all trees located between the structure and the paved roadway. (See paragraph citations below).Therefor it would appear that with proper enforcement the problem of tree trimming could be resolved without the need of the Community Association or FPL being involved. 3.Driveway cleaning. This does not appear to be a major problem since most of the property owners are doing a good job of maintaining their Driveways. Proper enforcement by the respective IIOA's would mitigate this problem. See citation regarding Driveway maintenance below. While the above suggestions will cost the CDD more money that with the subject proposal,I personally would feel more at ease with my suggestions and hopefully this approach will get this subject off our agenda at least for a while. 161 i1 a3 Citations HGSFH Declaration 9.1 Maintance of Trees Owners Responsibility 7.1 Ditto HG Master Declaration 5.5 Maintainance Owners or['OA responsibility 5.10 Driveways are Owners or HOA'S responsibility CH II 7.1 Assoc.Responsibility for landscape maintainance between property line and roadway. 161 ' sTA5 9.8 Maintenance. The Developer shall care for all vacant or unimproved Lots within the Community, and clear tall grass, undergrowth, weeds and rubbish therefrom, and'',do any other things and perform any labor necessary or desirable in the reasonable judgment of the Developer to keep the Lot in good order. The Associatbn shall have the right to repair any structure or improvement on any Lot which constitutes a danger or nuisance or is in unsightly disrepair, provided that the owner is given reasonable notice of the Association's intent to do so, which reasonably specifies the proposed action. The Association shall charge the expense of same against the owner, and the charge shall be a lien on the Lot which may be foreclosed, and which shall secure the Association's attorney's fees and other costs in connection with said foreclosure. 9.9 Awnin S and windows. Awnings, hurricane shutters, solar;film, and other window shading or decoration shl1 be subject to the prior approval and control of the ARB. i 9.10 Fences No fence, wall, hedge or other similar structure shall be erected on any Lot, except as originally installed by Developer, and except any approved by the ARB. -'9.11 Lawns:(landscanine. Except for designated Conservation Areas, buffer zones,open space or other similar areas,Iliall areas not covered by structures,walkways or paved parking facilities shall be maintained by their owners as lawn or landscaped areas to the pavement edge of any abutting streets and to the waterline of an abutting lakes, canals or water management areas. Stone, gravel, or paving may not of be used as a substitute or grass in a awn. Certain areas as determined by the Developer shall remain in a natural or unimproved state. All lawns and landscaping shall be completed at the time of completion of the structure as evidenced by the issuance of a Certificate of Occupancy by the appropriate governmental) agency, and shall thereafter be kept in good condition by the owner. Lawns must be regularly cut,and mulched areas regularly re-mulched. The landscaping on Lots, including without limitation, the trees, shrubs, lawns, flower beds walkways g and elevations, shall be maintained by the owner' ereo . olan3scaping shall be installed, cut down, estroyed or removed without the prior written,approvarof the ARB. 9.12 Outsid I lighting. Except as may be initially installed by aDeveloper, no spotlights, floodlights, or other outd or high intensity lighting shall be placed or utilized upon any Lot which in any way will allow light to be reflected on any other Lot or the improvements thereon without the written authorization of the Community Association. Low intensity lighting which does not unreasonably disturb the owners or other occupants of the Community shall be allowed. Each owner shall maintain the front yard lamp (if any), and keep it operating during all hours of darkness. The owner's responsibility includes the photoelectric cell and replacement of light bulbs. 9.13 Pets. r he owner of each Lot may keep no more than two (2) commonly accepted household pets such as a dog or cat, and reasonable numbers of tropical fish or caged birds in a Living Unit, subject to reasonable re lation by the Community Association or the Association. All pets must be carried under the owner's or leashed at all times while off of the owner's Lot. The owner is responsible for cleaning up fter his pet. The ability to keep such pets is a privilege, not a right, and the Board of Directors is ,empowered to order and enforce the removal of any pet which becomes a source of unreasonableiannoyance to other residents of the Neighborhood. No reptiles, amphibians, poultry or livestock may be kept in the Neighborhood. Pets shall not be left unattended on screened porches, lanais, yards or in garages. 9.15 Parkin and storage of motor vehicles. HERITAGE GREENS SFH -DECLARATION Page 17 161 ' l k 3 easement provided for in this Section or the use rights set forth elsewhere in the governing docuttrents. (E) (onstruction: maintenance. The Developer and its ageirts, employees and contractors shall have the right to enter the Community and take any action Ireasonably necessary or convenient for the purpose of completing the construction thereof, provided such activity does not prevent or unreasonably interfere with the use or enjoyment by the',owners of their Lots. I (F) Sales activity. The Developer and its agents, employees and contractors shall have an easement to use, without charge, any Lot owned or leased by the Developer, and the Neighborhood Common Areas (including, but not limited td,, all recreational facilities,) in order to establish modify, maintain and utilize, as it and they deem appropriate, model Living Units and sales and other offices. Without limiting the generality;of the foregoing, the Developer and its deignees may show model Living Units or the Neighborhood Common Areas to prospective purchasers or tenants, erect signs in the community, and take all other action helpful for sales, leases and promotion of the Community. (G) The easements and rights described in (E)and(F) above shall terminate upon the sale of all Lots to purchasers other than a successor Developer. I 6.6 Easements for playing golf. Non-specific, non-exclusive easements are hereby created over all Lots, Living(Units and the Neighborhood Common Areas in favor of the golf course users to permit every act necessary, incidental, or appropriate to the playing of;golf. These acts include, without limitation, the recovery by golfers of errant golf balls, the flight of golf balls over and across such Lots, Living Units br Common Areas, the landing of errant golf balls upon the Lots, Living Units or Common Areas,the use of necessary and usual golf cars and maintenance equipment, the usual and common noises and other disturbances created by maintenance of the course anti the playing of the game of golf, including occasional tournaments, together with all other common and usual occurrences normally associated with the existence and operation of a golf course. The Association shall not be liable for damage to individual Lots or Living Units from errant golf balls. ■ 6.7 Assignment of easements. The easements and easement rights reserved hereunder to the Developer may be assigtred by the Developer in whole or in part to the Association, the Community Association, any town, county or state government or agency thereof, or duly licensed or franchised public or private utility, or any other designee of the Developer. 7. MAINTENANCE; IMPROVEMENTS. 7.1 Maintenance of Living Units. The maintenance, repair and replacement of each Lot and Living Unit is the relponsibility of its owner. The owner shall keep the appearance of the Lot and Living Unit and all landscaping and improvements in a condition comparable towhen they were new, except normal wear and weathering. The owner is responsible for his own diliveway and the components of the irrigation system serving his Lot, up to and including the tap into the main irrigation line, timers, switching devices and heads. 7.2 Completion of Neighborhood. Developer shall undertake the work of developing all Lots and Living Units! within the Neighborhood. The completion of than work, or the sale, lease, or other disposition or Lots and Living Units, is essential to the establishment and welfare of the Neighborhood HERITAGE GREENS SFH - DECLARATION Page 12 SWALM &MURRELL. P.A. • Attorneys at Law • 2375 Tanriami Trail N.. Ste. 308 • Naoles. FL 34103 16111 _ A3 .......... ......._ 0R: 2331 PG: 0631 5.3 Cotsaer'ation Ate. The Community Association shall be responsible for the maintenance and regulatory compliance of all Conservation Areas (if any) placed under the Community Association's jurisdiction by the CDD,regardless of where located,in accordance with rules,regulations and permitting requirements set forth by the County and other permitting agencies, including the SFWMD. No person shall undertake or perform any activity in Conservation Areas described in the approved permits and Plats of the Community, or remove native vegetation that becomes established within the Conservation Areas. Prohibited activities within Conservation Areas include the removal of native vegetation, excavation. placement of dumping of soil, trash or land clearing debris, and construction or maintenance of any building. Utiit or other structure. "Removal of native vegetation" includes dredging, application of herbicides,and cutting. Nothing in this Section shall be construed to prohibit the CDD from exercising its park, recreational, cultural or educational powers in conservation or preservation areas or easements subject to other applicable governmental approvals 3.4 Open Sn ce. Any land subjected to this Declaration and designated as open space, landscape buffer, preservation;or conservation area or with words of similar import on any plat. declaration of covenants and restrictions. site plan, permit or other document shall be preserved and maintained by the owner of such land ai,open space. No development may occur on such land except structures or improvements which promote the use and enjoyment of the land for open space purposes. - 5.5 Lawns Landacasingt Irtigsrtjor�SY3l =._Ex cVV;f4:Conservation Areas, buffer zones, open space or other similar areas, all areas;tot'covered by st uctnoist`walkways or paved parking facilities shall be maintained by their owners an'Neighborhood Associat(ons't lawn or landscaped areas to the pavement ge of any abutting streets-nd to._the_,_waterline of any abutting lakes, canals or water manage areas. Stone,gravel/or pivitig nay-npt be�'uspd as a Substitute for grass in a lawn. Lawns and handscs1 fns shall be co let alt t `Vf ctiompli tote of{ha structure as evidenced by the issuance !p ro } � of a Certificate of Occupatsy by the a Rropriate `ve_ _ r.?attagetcy,'and shall thereafter be kept in good condition by the owner or Nteig borhood,'Assocultton. ' ti-_ 5.6 ur trot .nre of Prunlss* ',,Except for Conservation Areas .af other areas designated by the 1� Declarant of the PUD to reuildrwik.a natural state, no'd1h weeds;'underbnuh, high grass or other unsightly vegetation shatl be pertttttted'tt;!grow or remain upon-0\iY'!-t't or Neighborhood Common Area and no rcfuSe or waste shall be allowod told placed or suffe(etko remain upon any Lot or Neighborhood ` tin . rmits such weeds, high grass, underbrush Common Area. If an owner or Neighborho�asl�tssoc�t�ti. or other unsightly growths. and fails to 'Correct same after five (5) days notice by the Community Association; the Community Association shall have the right to enter upon the premises and make the corrections.'and may charge the responsible owner or Neighborhood Association for the costs. All lawns. landscaping,and sprinkler systems and all structures, improvements and appurtenances shall at all times be kept in safe, neat and attractive condition, and all structures shall be maintained in a finished,painted ward attractive condition. 5.7 WWII.. Declarant or a Builder may construct sidewalks in various locations within the Community;. Curb cuts and the construction of the driveways must be done in accordance with plans and specifications approved by the ARB. — '5.8 Utter.1 In order to preserve the beauty of the Community. no garbage,trash, refuse or rubbish shall be deposited, dumped or kept within the Community except in closed containers, dumpsters or other garbage collection facilities deemed suitable by the Board, or in proper-sized, closed plastic bags for curbside pickup as required. All containers, dumpsters and other garbage collection facilities shall be screened from view, kept in a clean condition, and without noxious or offensive odors emanating. — HERITAGE GREENS - MASTER DECLARATION Page 13 SWALM •MURRELL, P.A. ■ Attorneys at Law ■ 2375 Tarniami Trail N., Ste. 308 • Naples, FL 34103 161 1 1 -- A3 __ OR: 2337 PG: 0632 • 5.9 Walla.Fences. H.ed ea. etc. Unless approved in writing by the ARB, no wall, fence, hedge, or other diviner shall be constructed or maintained at a height of more than six feet above the ground level of any adjoining Lot or Neighborhood Common Area. No wall, fence, or a hedge shall be constructed on any Lot!,or Neighborhood Common Area unless its height. length,type,design,composition,material and location shall have first been approved in writing by the ARB. Height shall be measured from the finished grade of adjoining developed property. Any dispute as to height, length, type. design, composition or material shall be resolved by the Community Association, whose decision shall be final. Approval Shall not be given for the construction of any wall, fence or hedge which materially interferes with the water view or golf course view of any Lot or Living Unit. 1 5.10 Q» ays and 1', .ALM. Driveways and parking areas must be paved with concrete,paver blocks,or another hard surface approved by the ARB. Maintenance and repair of all driveways, parking and other paved parking facilities shall be the responsibility of the owner or Neighborhood Association. Driveways must be kept clean and free from excessive oil, rust or other unsightly stains. 5.11 raw. The initial exterior color and design of structures shall be as approved by Declarant, and any later changes must be approved by the ARB. Changes in the exterior color of structures shall not be permitted if,in the judgment of the ARB,they would be inharmonious,discordant or incongruous with the Community or a particular Neighborhood.-E ,\ t'L, f ,(lf y• 5.12 lj dill • No i jns or wires for cotfunt1ncation or the transmission of current shall be constructed, or placed, or pgrntllibd'to be placed within the,EortKnon Areas unless the same shall be protected cables: all such lines/or vyirps.which are not located in�buildings shall be constructed or placed and maintained underground,;unless otherwise approved'in writing by Declarant. No water pipe, gas pipe, sewer pipe.drainage pipe Or stQra e t hay-bee let#or,maintained above the surface of the r , r t �, ? r, 't� ground, e4cept hoses and Movable i fu fot�irrigittipn-ip>) dstfs. t I ( f 5.13 T® Factory-i Ktyr-Ea t rttcfuris. Nastru4iie,of any kind of what is commonly known as "factory-built", "�I . nlar", or "mobile hotnik";•type conssti Lion shall be erected. No tent, trailer or temporary structure ot3i tr..than those used by t laritnt,t r�,Builder for construction and sales activities.&hall be permitted udlps$ itssize. appearance andlernpolarY location have first been approved by the ARB. f '�.. 5.14 A�nas and Flagpoles. No`vu( idt:tcicvd tsar.radio, or other electronic towers, aerials, antennae. Satellite dishes or device of any type for the reception or transmission of radio or television broadcasts or other means of communication shall hereafter be erected, constructed, placed or permitted to remain On any Lot or upon any improvements thereon, unless expressly approved in writing by the ARB,except that this prohibition shall not apply to those satellite dishes that are l* in diameter or less, and specifically covered by 47 C.F.R. Part 1, Subpart S,Section 1.4000.as amended,promulgated under the Telecotzununlcatiotu Act of 1996, as amended from time to time. The Community Association is empowe ' to adopt rules governing the types of antennae, restrictions relating to safety, location and of antennae. The ARB may adopt and enforce reasonable rules limiting installation of perntissibi dishes or antennae to side or rear yard locations, not visible from the street or neighboring properties;and integrated with the Residence and surrounding landscape, to the extent that reception of an a�le signal would not be unlawfully impaired by such rules. Antennae shall be installed in cowith all federal,state and local laws and regulations. including zoning, land-use and building regular A flagpole. for display of the American Flag only, may be permitted if its design and location a first approved by the Community Association. An approved flagpole shall not be used to mount an}sienna. This provision is intended to protect residents from unreasonable interference with HERITAGE GREENS -MASTER DECLARATION Page 14 SWALM &MURRELL, Y.A. • Attorneys at Law • 2375 Tatniami Trail N., Ste. 308 ■ Naples, FL 34103 1 6 #. • OR: 2439 PG: 2755 appropriate to the playing of golf. These acts include, without limitation, the recovery by golfers of errant jolt balls, the flight of golf balls over and across Lots, Living Units or Common Areas, the landing of errant golf balls upon the Lots. Living Units or Common Areas, the use of necessary and usual golf cans and maintenance equipment, the usual and common noises and other disturbances created by maintenance of the course and the playing of the game of golf, including occasional tournaments.together with all other common and usual occurrences normally associated with the existence and operation of a golf course. The Association shall not be liable for damage to persons or property from errant golf halts. 6.7 Assist tent of Ea,aernents. The easements and easement rights reserved hereunder to the Developer may be assigned by the Developer in whole or in part to the Association, the Community Association, any town,county or state government or agency thereof,or duly licensed or franchised public or private utility, or any other designee of the Developer. 7. MAINTENANCE; IMPROVEMENTS. • 7.1 Except as otherwise provided herein, the Association shall maintain, repair and re la c n t ._,.atl.it tp avements constructed on the Neighborhood Common Areas, including without,l'i it tjon""all landscaplttg,'tjie,ccmponents of the irrigation systems, including but not limited to the,tap`.1nt6 the main line, timers.•4Witching devices and heads, drainage structures, utility lines, waIkWays ' lihrfixtiri,,,and other 'structures. Additionally, where the Neighborhood Common Areas Are contiguoffs.to the.right=of\way of road, the Association shall maintain all landscaping (if any) bet yeen,ihez'Neigh i l-?nthtoq. 40as and the pavement within such • right-of-way. The Association shall Obtai i the wriltem ipptloi(al'orthe ARB before making any material alterations or substantial additions to ite,Ovikhbirrklopd eommpnrArgas. ' 7.2 Maintenance of 1Lots anti VV1i , (A) . The mowinOf lawns and all outside' ttai'ntenattce, repair and replacement of landscaping and sprinkler sysierlts`ls.t a Association's'responsibility, and is a common expense. No person may add to or change the'000414 trccs' ;' r landscaping without the prior approval of the Association. (B) Villas. The Association shall clean and provide ordinary maintenance, repair and replacement of the roofs, structural components and the exterior walls and other surfaces of the Villas and appurtenant structures such as privacy walls and garages, the need for which is caused by normal wear and tear and weathering keeping the appearance of the same in a condition comparable to the condition of such improvements at the time of their initial construction, except for normal weathering, wear and tear. The cost shalt be a common expense. Painting the outside of exterior doom, door and window frames and exterior caulking, are Association responsibilities. Maintenance, repair and replacement of mailboxes and street lighting is the Association's responsibility. Otherwise the maintenance,repair and replacement of the Villas is the responsibility of the owners thereof. The owner of each Villa shall maintain, repair and replace. at his own expense, all portions of his Villa except those portions specifically required to he maintained, repaired and replaced by the Association. Specifically it is the owner's responsibility to repair. reconstruct or replace all damage resulting from windstorm,fire,flood,hail,hurricanes,sinkholes, and other natural disasters, acts of God, and casualties that are or could be covered by properly insurance carried by the owner under Section 8.1 below. The owner is responsible for any deductibles. By way of illustration, and not limitation, the owner's responsibilities include: CLUB HOMES U AT HERITAGE GREENS - DECLARATION Page 13 i GUARD HOURS IN GATE HOUSE When we agrees to cancel or agreement to lock and unlock the Club House we no longer required the guard to leave the Gate House during the 10:00 pm time period. This went along way towards eliminating our problem with unauthorized entry during this period.. However this still left us with the 2:00 am to 3:00 am period for the guard to check for illegal parking. I would like to propose that the guard being in the Gate House is far more important to our access control that the parking citations. I therefore would like to propose that we also eliminate the 2:00am patrol for the Guards. A review of the Master Community Documents disclosed that the Community Association has the authority to enforce control of the traffic and parking on the communities roadways. So, rather than eliminating these functions we can suggest that the Community take over these responsibilities as noted in their Documentation.This also would relieve the CDD of maintaining the Sheriff Patrol which has been less than successful. This proposal would result in a significant cost saving tp the CDD since we would eliminate Sheriff Patrol and we could get rid of the Golf Cart Rental since there would no longer be the need for a Guard Patrol Citation HG Master Declaration 4.2.6 Regulate Parking and Traffic 1 6 IZ A 3 ulx: LJJ 1 ru; vuL' remains unpaid and past due, and for a reasonable period during or after any infraction of the Community Association's rules and regulations; (D) The right of the Community Association to dedicate or transfer all or any part of the Common Areas to any governmental agency, public authority, or utility; (E) The right of the Community Association to grant easements over, across or through the Common Areas; (F) The right of the Community Association to open the Common Areas under its control for use,ley±; me>ttn s +ft a Comrnu l} :0 } 5 4!:or i onapwners,.or to conduct Specials events, including those intended primarily to benefit the Declarant or a Budder, or the wiles effort (G) The right of the Community Association to regulate parking and traffic on the roads within the Community. (H) The provisions of this Declaration, the Articles of Incorporation and Bylaws of the Community Association; and any rules and regulations governing use and enjoyment of the Common Areas adopted by the Community Association; (1) The right of the CDD to exercise and enforce any and all powers now or hereafter authorized by Chapter 190, Florida Statutes; and (J) The right of the Community Association to dedicate or transfer ownership or control of all or any part of the Common Areas to a CDD or any other governmental agency, public authority, or utility. So long as there is a Declarant member, any and all rights of members, and any and all restrictions, limitations, conditions and rules and regulations that a member shall be subject to, shall not be amended without the consent of the Declarant. 4.3 Delegation of rights to use Common Areas. A member may temporarily delegate his right to use the Common Areas to his non-resident guests (if the guests are accompanied by the member) or to guests or tenants while they are residing in the member's Living Unit. Each member shall be financially and legally responsible to the Community Association for the actions and debts to the Community Association of any person to whom the member has delegated his right to use the Common Areas. The member may not delegate the obligation to pay Community Association assessments. Upon the lease of a Lot or Living unit to which a membership is appurtenant, the lessor may retain the right to use the membership. in which case the tenant shall have no such rights. If a member delegates his privileges to a tenant residing in his Living Unit, the member shall not be entitled to use of the facilities, except as a guest of another member, during the period of the delegation. The Community Association may make other rules to prevent double usage of facilities by members and lessees. 4.4 Separation of Ownership. The ownership of a Lot, and ownership of the Living Unit constructed thereon. may not be separated or separately conveyed, nor may any person who does not own record legal title to at least one Lot, Living Unit,Tract or Parcel upon which a Living Unit will be constructed, hold membership in the Association. HERITAGE GREENS - MASTER DECLARATION `. Page 11 - — — ..._ i au • ,1'5 Ta.rrJam1 Tail N . Ste. 308 ■ Naples. FL 34;03 161 .1 3 HERITAGE GREENS COMMUNITY ASSOCIATION INC. C/O RESORT MANAGEMENT 2685 HORSESHOE DRIVE S.#215 NAPLES,FL 34104 (239) 649-5526 April 17,2015 Heritage Greens Community Development District do Severn Trent Via Mail and Email 5911 Country Lakes Drive Ft.Myers,FL 33905 Dear Board of Supervisors, Over the past couple of years the Master Association Board has tried to work with the CDD for the betterment of our community. Recently,we have tried to schedule monthly workshop meetings to coordinate the joint effort projects like the wall repair,the guard shack repair, the street entrance clean up and repair. Despite these projects and efforts,after years of cooperation between the CDD and Master Association the CDD decided to terminate the agreement of locking of the clubhouse for the cleaning of the guardhouse. This exchange of services benefitted the community as a whole by eliminating the need for the CDD to hire separate cleaning services and the Master separate lockdown services. This decision seems yet another example of the CDD's unwillingness to work cooperatively with the association boards in this community. In response to this action the Master Association voted to discontinue the cleaning of the guard house. This letter serves as your 30 day notice. It's difficult to understand the current Board's decision based on alleged"liability"concerns as no such concerns have been raised before. Yet the CDD showed no concern for the "liability issue" when a CDD board member assaulted a resident at a CDD meeting in November 2013 in the community center which is Master Board property. Nor do they show concern for liability by their continued refusal to properly maintain and clean the sidewalks even though they are CDD facilities and the documents are clear that the sidewalks are your responsibility. It is regrettable that the previous arrangement that has worked for many years is being discarded now for contrived reasons,but given the need now to provide for lock-up services in some manner,we consider it prudent to conserve our funds by eliminating these previous cleaning services for the CDD. Sincerely, The Heritage Greens Master Association Board of Directors 1611 A Ronald Parrott 1608 Morning Sun Lane Naples, Florida 34119 April 21, 2015 Heritage Greens CDD Attn. Calvin Teague Severn Trent Services Re: LETTER OF RESIGNATION To the Heritage Greens CDD Board: Please accept this as a formal notice of my resignation from the position of Supervisor at Heritage Green CDD. Effective April 21, 2015. After careful consideration, I have made the decision to resign for personal reasons. I thank all the Supervisors of the Heritage Greens CDD for their support during a very trying time for me. Sincerely, La-de' l.a/1A-to-ei71---- (Ronald Parrott) r 161 1 'A3 Agenda Page 24 HERITAGE GREENS COMMUNITY SPECIAL DETAIL REPORT Date: 03/07/15 Time tour began: 2300 hrs Time tour ended: 0200 hrs Name of the Deputy on duty: Freiburger Shield#: 7757 Car#: 732 In the event of a problem please contact Mr.Calvin Teague Landline: 239-245-7118 x301 or Cell:239-223-4437 STOP ALL TRAFFIC VIOLATORS! ENFORCE 20 mile per hour speed zone and all stop sign violations *NOTE THAT THERE IS A TRAFFIC CONTROL AGREEMENT DATED 9-11-2007* DOCUMENT BELOW ANY INCIDENTS AND TRAFFIC STOPS AND DESCRIBE ACTION TAKEN Very light traffic, only one traffic violation was observed No foot traffic or visitors to the pools **please send completed form to one of the following: Email:edvth.birdttcolilersheriff.org Inner-office:Edyie Bird/Chief's Office or Fax:239-252-0529** !- 161 i a 3 HERITAGE GREENS COMMUNITY Agenda Page 27 SPECIAL DETAIL REPORT Date: 04/03/15 Time tour began: 2300 hrs Time tour ended: 0200 hrs Name of the Deputy on duty: Freiburger Shield#: 7757 Car#: 732 In the event of a problem please contact Mr.Calvin Teague Landline: 239-245-7118 x301 or Cell: 239-223-4437 STOP ALL TRAFFIC VIOLATORS! ENFORCE 20 mile per hour speed zone and all stop sign violations *NOTE THAT THERE IS A TRAFFIC CONTROL AGREEMENT DATED 9-11-2007* DOCUMENT BELOW ANY INCIDENTS AND TRAFFIC STOPS AND DESCRIBE ACTION TAKEN Very light traffic, no traffic violations were observed no foot traffic. **please send completed form to one of the following: Email:edyth.bird(Qlcolliersheriff.orq Inner-office: Edyie Bird/Chiefs Office or Fax:239-252-0529** IA 161 1 3 PROPOSED POST ORDER DELIVERY VEHICLES: Deliveries that have been pre-approved by the resident on the same day of delivery should be allowed entry after verifying the drivers credentials. For Un-Authorized Deliveries, Prior to 22:00, Guard should contact Resident for approval. If resident is unavailable the delivery should be denied entry No Un-authorized Deliveries should be allowed after 22:00 i.e. Don't call resident for approval. Delivery Vehicles shall include Fast Food Services, Package Delivery services, Hard Goods(such as furniture) etc. 1611 *3 HERITAGE GREENS Community Development District Annual Operating Budget Fiscal Year 2016 Version 1 -Proposed Budget (Printed on 4/7/15 4:50pm) Prepared by: SEVERN TRENT SERVICES 161 'FA3 HERITAGE GREENS Community Development District Table of Contents Page# OPERATING BUDGET General Fund Summary of Revenues,Expenditures and Changes in Fund Balances 1-2 Budget Narrative 3-7 Exhibit A-Allocation of Fund Balances 8 SUPPORTING BUDGET SCHEDULES Non-Ad Valorem Assessment Summary 9 1611 A3 Heritage Greens Community Development District Operating Budget Fiscal Year 2016 , _ 1b11 A3 HERITAGE GREENS Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2016 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU Apr• PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2013 FY 2014 FY 2015 Mar-15 Sep-15 FY 2015 FY 2016 REVENUES Interest-Investments $ 549 $ 498 $ 400 $ 205 $ 205 $ 410 $ 500 Interest-Tax Collector - - - 6 - 6 - Special Assmnts-Tax Colector 217,904 217,904 242,903 237,309 5,594 242,903 242,903 Special Assmnls-Discounts (7,883) (7,919) (9,716) (8,664) - (8,664) (9,716) Other Miscellaneous Revenues - 15 - 375 - 375 - Gate Bar Code/Remotes 978 1,270 1,200 825 - 825 1,100 TOTAL REVENUES 211,548 211,768 234,787 230,056 5,799 235,855 234,787 I EXPENDITURES Administrative P/R-Board of Supervisors 1,800 5,400 7,200 3,600 3,600 7,200 7,200 FICA Taxes 138 413 551 275 275 551 551 ProfServ-Engineering 714 - 1,000 987 500 1,487 1,000 ProfServ-Legal Services 2,489 4,016 2,000 2,609 1,400 4,009 4,000 ProfServ-Mgmt Consulting Sery 35,895 36,973 38,081 19,041 19,040 38,081 39,223 ProfServ-Property Appraiser 3,269 3,269 3.644 3,644 - 3,644 3,644 ProfServ-Special Assessment. 5.463 5.463 5,463 5,463 - 5,463 b,463 ProfSery-Web Site Development 619 500 650 605 250 855 650 Auditing Services 3,200 3,200 3,200 2,500 700 3,200 3,200 Communication-Telephone 1 2 - - - - - Postage and Freight 1,459 1,588 850 364 1,136 1,500 1,500 Insurance-General Liability 7,615 7,477 8.225 7,557 - 7,557 8,691 Printing and Binding 785 887 1,000 587 587 1.174 1,000 Legal Advertising 767 2,635 1,500 - 500 500 1,500 Misc-Bank Charges 563 596 575 387 387 774 800 Misc-Assessmnt Cofec0an Cost 2.598 2,643 4.858 4.542 112 4,854 4,858 Office Supplies 248 79 175 - 150 150 175 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 67,796 75,316 79,147 52,336 28,637 80,974 83,630 Public Safety Contracts-Security Services 47,019 46,751 48,000 25,794 21,408 47,202 47,000 Contracts-H VAC - - 350 - 350 350 350 Contracts-Sheriff 1,700 2,295 3,000 5,355 4,000 9,355 10,000 Communication-Telephone 1,245 1,383 1.500 859 859 1,718 1,750 Electricity-Entrance 1,795 1,795 2,200 942 942 1,884 2,200 Utility-Water&Sewer 640 665 900 304 304 608 700 Lease-Carts 1,500 1,500 1,500 750 750 1,500 1.500 R&M-Gate 1,283 2,542 7,000 138 1,500 1,638 3,000 R&M-Gatehouse 242 1,432 1,130 - 1,130 1,130 1,130 Op Supplies-Clubhouse 515 - - - - - - Op Supplies-Transmitters 664 1,030 1,200 794 250 1,044 1,200 Op Supplies-Gatehouse 654 2,431 800 426 426 852 900 Cap Outlay-Equipment- - - 6,200 - 6,200 6,200 8,200 Total Public Safety 57,257 61,824 73,780 35,362 38,119 73,481 75,930 Annual Operating Budget Fiscal Year 2016 Page 1 1 � A 161 3 HERITAGE GREENS Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2016 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU Apr- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2013 FY 2014 FY 2015 Mar-15 Sep-15 FY 2015 FY 2016 Landscape Contracts-Landscape 15,985 16,111 18,000 12,993 8,280 21,273 18,000 Contracts-Preserve Management 1,760 - 2,000 880 1,120 2,000 2,000 Electricity-Irrigation 1,934 1,970 2,200 1,022 1,022 2.044 2,200 R&M-Renewal and Replacement 1,440 - 1,000 - 1,000 1,000 1,000 R&M-Canals 1,295 • 2,600 - 1,300 1,300 2,600 R&M-Fountain 1,897 2,300 2,700 1,144 1,350 2,494 2,700 R&M-Grounds 45 - 4,000 275 275 550 3,367 R&M-Irrigation 1.020 - 1,500 - 750 750 1,500 R&M-Preserves - 880 100 - 50 50 100 Misc-Special Projects 5,326 13,339 8,000 1,191 6,000 7,191 8,000 Total Landscape 30,702 34,600 42,100 17,505 21,147 38,652 41,467 Road and Street Facilities Electricity-Streetlighting 9,556 10,243 11,000 5,225 5,225 10,450 11,000 R&M-Drainage 18,004 12,473 2,500 - 2,500 2,500 2,500 R&M-Roads&Alleyways 360 7,345 2,000 800 1,200 2.000 2,000 R&M-Sidewalks - 3,000 3,000 - 1,500 1,500 3,000 Traffic Signage Rehabilitation 1,330 440 1,260 - 1,260 1,260 1,260 Reserve-Roadways - 8,550 20,000 - - - 14,000 Total Road and Street Facilities 29,250 42,051 39,760 6,025 11,685 17,710 33,760 TOTAL EXPENDITURES 185,005 213,791 234,787 111,228 99,586 210,817 234,767 Excess(deficiency)of revenues Over(under)expenditures 26,543 (2,023) - 118,828 (93,789) 25,038 (0) Net change in fund balance 26,543 (2,023) - 118,828 (93,789) 25,038 (0) FUND BALANCE,BEGINNING 132,060 158,603 156,580 156,580 - 156,580 181,618 FUND BALANCE,ENDING $ 158,603 $ 156,580 $ 156,580 $ 275,408 $ (93,789) $ 181,618 $ 181,518 Annual Operating Budget Fiscal Year 2016 Page 2 161 f 1ThA3 Heritage Greens Community Development District General Fund Budget Narrative Fiscal Year 2016 REVENUES Interest Income (Investments) The District will have all excess funds invested with the CDs or Money Market Accts. The amount is based upon the estimated average balance of funds available during the Fiscal Year. Special Assessment-On Roll 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 for the Fiscal Year. Special Assessment—Discount 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. Gate Bar Code/Remotes The District sells Gate Remote Clickers to residents of the District. EXPENDITURES Expenditures-Administrative P/R—Board of Supervisors 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 upon all Supervisors attending the meetings. Engineering Fees 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. Legal Services The District's legal counsel will he providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Fees are based on prior year legal expenses. Management Consulting Services The District receives Management, Accounting and Administrative services as part of a Management Agreement with Severn Trent Management Services, Inc. The amount budgeted represents a 3% increase. 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, postage,and programming. The FY2016 budget for property appraiser costs was based on 1.5%of gross assessments. Annual Operating Budget Fiscal Year 2016 Page 3 1 6 1 ¶ . A 3 Heritage Greens Community Development District General Fund Budget Narrative Fiscal Year 2016 [Expenditures-Administrative (Continued) j Special Assessment The District's Collection Agent will be providing financials services which include the collection of prepaid assessments, maintenance of District's assessment roll and levying the annual operating and maintenance assessments. Web Site Development The District incurs fees as they relate to the development and ongoing maintenance of its own website. Auditing Services The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The amount budgeted is the same as last year. Postage&Delivery Mailing of agenda packages,overnight deliveries, correspondence,etc. Insurance—General Liability The District will incur expenditures for public officials'liability insurance for the Board &Staff. FY 2016 has a proposed increase of 15%. 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. The amount budgeted for FY16 reflects last year's expenditures. Misc—Bank Charges Bank charges that incurred during the year. Misc-Assessment Collection Fee This represents 2.0% Collier County Tax Collector Fees for services rendered in assessing and collecting 2016 Assessment Roll. Office Supplies Miscellaneous office supplies related to the preparation of agenda packets. Annual District Filing Fee The District is required to pay a $175 annual fee to the Department of Economic Opportunity Division of Community Development. Annual Operating Budget Fiscal Year 2016 Page 4 1611 A 3 Heritage Greens Community Development District General Fund Budget Narrative Fiscal Year 2016 Expenditures -Public Safety Contracts—Security Services The District has contracted with Kent Security to have a security officer on duty at the front gate for a set period of time to check guest coming into the community and tour the property to check for any problems that may need to be addressed. The amount budgeted is the same as last year. Contracts—HVAC To service the air conditioning unit at the guardhouse. Contracts—Sheriff This includes the agreement between the District and the Collier County Sheriffs department to patrol and enforce traffic laws over the roads the District is responsible for. The amount budgeted is the same as last year. Communication—Telephone This includes any telephone or fax usage for the guardhouse to allow the security officer to be able to communicate with management and residents. This also allows the gate system to be operable when there is no security officer present. Electricity—Entrance Electricity usage for the guardhouse. Costs are based on historical expenses incurred with Florida Power&Light (FPL). Utilities—Water&Sewer Any cost associated with the water and sewer used at the guardhouse. Lease—Carts The District leases a golf cart for$750 every six months. The guard-on-duty uses it to do community patrol and to lock and unlock the community center. R&M—Gates This represents any repairs or maintenance that may need to be done to the gates. Op Supplies—Transmitters Cost associated with supplying transmitters to residents for operation of the gate. R&M—Gatehouse Cost associated with any normal repairs and maintenance of the guardhouse along with the cost incurred with Collier County Utilities to run the tele-entry system. Op Supplies-Gatehouse Costs associated with any supplies purchased for use within the guardhouse. Capital Outlay—Equipment Any capital items needed to improve security within the District. Annual Operating Budget Fiscal Year 2016 Page 5 1 6 1 A 3 Heritage Greens Community Development District General Fund Budget Narrative Fiscal Year 2016 Expenditures-Landscape Contracts—Landscape The District is responsible for cutting all CDD property which are common areas which includes the entry way and guardhouse. Contracts—Preserve Maintenance The District has contracted with Aquatic Weed Control, Inc for the maintenance of the preserves.Currently treatments are on a semi-annual basis. Electricity—Irrigation Any electricity cost incurred to run the irrigation system as well as the fountain that is owned by the District. R&M—Renewal and Replacement This line item includes costs associated with renewing or replacing plant material on CDD property. Additionally, various repair and maintenance costs incurred as needed. R&M—Canals The District is responsible for maintaining the canal banks of high weeds and must cut them several times per year or be subject to property maintenance code violations. R&M—Fountains This is to include any repairs or maintenance that need to be addressed to make sure that the fountains the District is responsible are in proper working order.The amount budgeted for FY16 reflects last year's expenditures. R&M—Grounds Funding if needed for the District to apply mulch and pesticides to all CDD property identified as common areas. R&M—Irrigation Cost associated with the irrigation system through out the District. R&M—Preserves The District is responsible for having the preserves treated for invasive plants on an annual basis. Misc—Special Protects This is a contingency in case the District is to incur costs relating to any special projects that are felt to be needed and identified by the Board of Supervisors. Expenditures-Road and Street Facilities Electricity—Streetlightinq Street Lighting usage for District facilities and assets. Costs are based on historical expenses occurred incurred with Florida Power&Light(FPL). R&M—Drainage The District is responsible for making any repairs to the storm drainage infrastructure. Annual Operating Budget Fiscal Year 2018 Page 6 1611 A3 Heritage Greens Community Development District General Fund Budget Narrative Fiscal Year 2016 R&M—Roads&Alleyways This represents miscellaneous repairs of the roads and alleyways of the District. R&M—Sidewalks Includes all costs associated with sidewalks within the District. R&M—Siunasle Any costs that are associated with any roadway signage the District may incur. Reserves—Roads Designated Funds set aside for future road improvements. Annual Operating Budget Fiscal Year 2016 Page 7 161 i 3 HERITAGE GREENS Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2016 181,618 Net Change in Fund Balance-Fiscal Year 2016 - Reserves-Fiscal Year 2016 Additions 14,000 Total Funds Available(Estimated)-9130/2016 195,618 1 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-Operating Capital 58,697 11i Reserves-Drainage 6,000 Reserves-Fountains 5,500 Reserves-Irrigation System 7,500 Reserves-Signage 1,000 Reserves-Roads and Sidewalks-Previous years 24,651 Reserves-Roads and Sidewalks-FY15 14,000 42,651 Reserves-Perimeter Walls 18,786 Total Allocation of Available Funds 140,134 Total Unassigned(undesignated)Cash $ _ 55 484 Notes (1)Represents approximately 3 months of operating expenditures Annual Operating Budget Fiscal Year 2016 Page 8 161 1A3 Heritage Greens Community Development District Supporting Budget Schedules Fiscal Year 2016 1611A3 HERITAGE GREENS Community Development District Non-Ad Valorem Assessment Summary FY2014 FY 2015 FY2016 Gross Assessments 217,904 242,903 242,903 Assessable Units 527 527 527 Gross Assessments Per Unit $ 413.48 $ 460.92 $ 460.92 Increase per unit $ 47.44 $ - Annual Operating Budget Fiscal Year 2016 Page 9 16I ! A3 Agenda Page 29 HERITAGE GREENS Community Development District Financial Report March 31, 2015 Prepared by SEVERN TRENT SERVICES 161 1. A3 Agenda Page 30 HERITAGE GREENS Community Development District FINANCIAL STATEMENTS Balance Sheet Page 1 Statement of Revenues,Expenditures and Changes in Fund Balances General Fund Page 2-3 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments Page 4 Cash and Investment Report Page 5 Sun Trust Bank Reconciliation Page 6 Check Register Page 7-8 161 1 3 Agenda Page 29 HERITAGE GREENS Community Development District Financial Report March 31, 2015 Prepared by SEVERN `TRENT SERVICES 1611 . A3 Agenda Page 30 HERITAGE GREENS Community Development District FINANCIAL STATEMENTS Balance Sheet Page 1 Statement of Revenues,Expenditures and Changes in Fund Balances General Fund Page 2-3 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments Page 4 Cash and Investment Report Page 5 Sun Trust Bank Reconciliation Page 6 Check Register Page 7-8 161 1 _r � 3 Agenda Page 31 HERITAGE GREENS Community Development District Financial Statements (Unaudited) March 31, 2015 161 A3 HERITAGE GREENS Agenda Page 32 Community Development District General Fund Balance Sheet March 31, 2015 ACCOUNT DESCRIPTION TOTAL ASSETS Cash-Checking Account $ 182,900 Investments: Money Market Account 96,600 SBA Account 627 TOTAL ASSETS $ 280,127 LIABILITIES Accounts Payable $ 1,249 Accrued Expenses 3,470 TOTAL LIABILITIES 4,719 FUND BALANCES Assigned to: Operating Reserves 50,947 Reserves-Drainage 6,000 Reserves-Fountains 5,500 Reserves-Irrigation System 7,500 Reserves-Roads and Sidewalks 24,651 Reserves-Signage 1,000 Reserves-Wall Painting 6,000 Reserves-Wall Replacement 12,786 Unassigned: 161,024 TOTAL FUND BALANCES $ 275,408 I TOTAL LIABILITIES&FUND BALANCES $ 280,127 Report Date:4/6/2015 Page 161 `i , � A 3 HERITAGE GREENS Agenda Page 33 Community Development District General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending March 31, 2015 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) MAR-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ACTUAL REVENUES Interest-Investments $ 400 $ 200 $ 205 $ 5 $ 37 Interest-Tax Collector - - 6 6 - Special Assmnts-Tax Collector 242,903 202,420 237,309 34,889 10,442 Special Assmnts-Discounts (9,716) (8,095) (8,664) (569) (51) Other Miscellaneous Revenues - 375 375 375 Gate Bar Code/Remotes 1,200 600 825 225 150 TOTAL REVENUES 234,787 195,125 230,056 34,931 10,953 EXPENDITURES Administration P/R-Board of Supervisors 7,200 3,600 3,600 - 600 FICA Taxes 551 276 275 1 46 ProfServ-Engineering 1,000 498 987 (489) - ProfServ-Legal Services 2,000 1,002 2,609 (1,607) 65 ProfServ-Mgmt Consulting Sery 38,081 19,038 19,041 (3) 3,173 ProfServ-Property Appraiser 3,644 3,644 3,644 - - ProfServ-Special Assessment 5,463 5,463 5,463 - - ProfServ-Web Site Development 650 650 605 45 42 Auditing Services 3,200 2,500 2,500 - 1,500 Postage and Freight 850 426 364 62 70 Insurance-General Liability 8,225 8,225 7,557 668 - Printing and Binding 1,000 498 587 (89) 97 Legal Advertising 1,500 750 - 750 - Misc-Bank Charges 575 288 387 (99) 47 Misc-Assessmnt Collection Cost 4,858 4,050 4,542 (492) 208 Office Supplies 175 90 - 90 - Annual District Filing Fee 175 175 175 - - Total Administration 79,147 51,173 52,336 (1,163) 5,848 Public Safety Contracts-Security Services 48,000 24,000 25,794 (1,794) 5,028 Contracts-HVAC 350 174 - 174 - Contracts-Sheriff 3,000 1,500 5,355 (3,855) 1,020 Communication-Telephone 1,500 750 859 (109) 154 Electricity-Entrance 2,200 1,100 942 158 89 Utility-Water&Sewer 900 450 304 146 55 Lease-Carts 1,500 750 750 - - R&M-Gate 7,000 3,498 138 3,360 - Report Date:4/6/2015 Page 2 161' fA3 HERITAGE GREENS Agenda Page 34 Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31,2015 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) MAR-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ACTUAL R&M-Gatehouse 1,130 564 - 564 - Op Supplies-Transmitters 1,200 600 794 (194) - Op Supplies-Gatehouse 800 401 426 (25) - Cap Outlay-Equipment 6,200 3,102 - 3,102 - Total Public Safety 73,780 36,889 35,362 1,527 6,346 Landscape Services Contracts-Landscape 18,000 9,000 12,993 (3,993) 1,456 Contracts-Preserve Management 2,000 1,000 880 120 - Electricity-Irrigation 2,200 1,098 1,022 76 160 R&M-Renewal and Replacement 1,000 498 - 498 - R&M-Canals 2,600 1,300 - 1,300 - R&M-Fountain 2,700 1,350 1,144 206 225 R&M-Grounds 4,000 1,998 275 1,723 - R&M-Irrigation 1,500 750 - 750 - R&M-Preserves 100 48 - 48 - Misc-Special Projects 8,000 4,002 1,191 2,811 - Total Landscape Services 42,100 21,044 17,505 3,539 1,841 Road and Street Facilities Electricity-Streetlighting 11,000 5,500 5,225 275 855 R&M-Drainage 2,500 1,250 - 1,250 - R&M-Roads&Alleyways 2,000 1,002 800 202 - R&M-Sidewalks 3,000 1,500 - 1,500 - Traffic Signage Rehabilitation 1,260 630 - 630 - Reserve-Roadways 20,000 20,000 - 20,000 - Total Road and Street Facilities 39,760 29,882 6,025 23,857 855 (TOTAL EXPENDITURES 234,787 138,988 111,228 27,760 14,890 1 Excess(deficiency)of revenues Over(under)expenditures - 56,137 118,828 62,691 (3,937) Net change in fund balance $ - $ 56,137 $ 118,828 $ 62.691 $ (3,937) FUND BALANCE,BEGINNING(OCT 1,2014) 156,580 156,580 156,580 FUND BALANCE,ENDING $ 156,580 $ 212,717 $ 275,408 Report Date:4/6/2015 Page 3 161k1 Ala Agenda Page 35 HERITAGE GREENS Community Development District Supporting Schedules March 31, 2015 A3 Agenda Page 36 HERITAGE GREENS Community Development District Non-Ad Valorem Special Assessments Collier County Tax Collector- Monthly Collection Report For the Fiscal Year ending September 2015 Discount/ Gross Date Net Amount (Penalties) Collection Amount Received Received Amount Costs Received Assessments Levied FY 2015 $242,903 Allocation% 100% 11/12/14 1,536 1,536 11/14/14 21,248 904 434 22,585 11/25/14 111,443 4,739 2,274 118,456 12/12/14 65,327 2,732 1,333 69,392 1) 1/6/2015 4,865 99 4,964 01/29/15 9,501 238 194 9,934 03/05/15 2,674 37 55 2,766 03/31/15 7,509 14 153 7,676 TOTAL $ 224,103 $ 8,664 I $ 4,542 J $237,309 % Collected 97.70% TOTAL OUTSTANDING $ 5,594 1)Requested backup from Tax Collector for additional discount postings. Report Date:4/9/2015 Page 4 161 A3 Agenda Page 37 HERITAGE GREENS All Funds Community Development District Cash and Investment Report March 31,2015 General Fund Account Name Bank Name Investment Type Maturity Yield Balance Checking Account-Operating Sun Trust Bank n/a n/a 0.10% $ 181,900 Checking Account-Operating Bank United n/a n/a 0.00% $ 1,000 Subtotal $ 182,900 Money Market Account Bank United Business MMA n/a 0.35% $ 96.600 Operating Account SBA n/a n/a 0.18% $ 627 Total $ 280,128 Page 5 Report Date:4/9/2015 1611 A3 Agenda Page 38 Heritage Greens CDD Bank Reconciliation Bank Account No. 9920 Statement No. 03-15 Statement Date 03/31/15 GIL Balance(5) 181,899.90 Statement Balance 186,664.65 G/L Balance 181.899.90 Outstanding Deposits 0.00 Positive Adjustments 0.00 — Subtotal 186,664.65 Subtotal 181,899.90 Outstanding Checks 4,764.75 Negative Adjustments 0.00 Total Differences 0.00 Ending GIL Balance 181,899.90 Ending Balance 181,899.90 Difference 0.00 Posting Cleared Document Type Document No4 Description Amount Amount Difference Outstanding Checks 03/31/15 Payment 3063 COLLIER COUNTY SHERIFFS OFFICE 510.00 0.00 510.00 03/31/15 Payment 3064 FEDEX 9.44 0.00 9.44 D3/31/15 Payment 3065 KENT OF NAPLES 892.00 0.00 892.00 03/31/15 Payment 3068 SEVERN TRENT ENVIRONMENTAL SERVICES 3,353.31 0.00 3,353.31 Total Outstanding Checks 4,764.75 Page 6 161 1 , A 3 Agenda Page 39 ∎_ p OO o ' r Q N Om �'1 ^ 0 8 2 O O off ii h' ri f _0 on y yep� N m M YNf 0 0 NN �GN Y 4a , N N N N ;7. .7;4 N M S a a 1 g 88 R2228R1 o R Q R o R n a N h s o a gsggga o j • m 2 v I NCO 4` .a• u m a 1 P a GG C y e 88 LL ~ LL "A O N d j g To S 0 f A g m 3 � ° .8 c m t m z m m $ m c; d f t e b b N (` N h aWq LL } LL N S to O O O O c i ri ci 0 v a a° E LL a LL . a rc 3 re a 3 y o O N sa to Z N 0 0 0 0 0 0 W ~ a W Z I 6 ,,,� W W W W W W LL Z N• C 4c O n N \ . 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Present and constituting a quorum were: George Coombs Chairman Jim Marshall Vice Chairman Marsha Coghlan Assistant Secretary Ronald Parrott Assistant Secretary Henry Michaelson Assistant Secretary Also present were: Justin Faircloth Assistant District Manager Residents The following is a summary of the minutes and actions taken at the April 20, 2015 Heritage Greens CDD Board of Supervisors meeting. FIRST ORDER OF BUSINESS Roll Call Mr. Coombs called the meeting to order and called the roll. SECOND ORDER OF BUSINESS Approval of Agenda There being no questions or comments, On MOTION by Mr. Michaelson seconded by Mr. Parrott with all in favor the agenda was approved. THIRD ORDER OF BUSINESS Approval of the Minutes of the March 16, 2015 Meeting Mr. Coombs stated each Board member received a copy of the minutes of the March 16, 2015 meeting and requested any corrections,additions or deletions. Minor corrections were made to the minutes and will be incorporated. On MOTION by Mr. Michaelson seconded by Ms. Coghlan with all in favor the minutes of the March 16, 2015 meeting were approved as amended. 1 1611 A3 April 20,2015 Heritage Greens C.D.D. FOURTH ORDER OF BUSINESS Audience Comments There not being any,the next item followed. FIFTH ORDER OF BUSINESS Old Business A. Resident Data Base Update o Mr. Faircloth noted the Board requested an updated call box form at the front gate where all current owners and renters would be listed. o With the system currently in place, there are no checks and balances of renters coming and going. o An updated call box form prepared by staff was distributed. Mr. Faircloth explained the process for using the form. o Kent Security maintains the list,but they never receive updates from residents. o Mr. Faircloth suggested sending a letter to all current owners, who would need to return the form with updated information. o The CDD would keep the call box current and would allow only one number per parcel entered into the data base. On MOTION by Mr. Coombs seconded by Mr. Parrott with all in favor use of the updated call box form and its corresponding procedures were approved. B. Guardhouse Cleaning o In light of the possibility of the HGCA ending their agreement with the CDD, of which they notified us last Friday, staff contacted the previous three vendors who were contacted in December,2014. They all agreed to honor the proposals they had submitted. o The Board discussed the proposals and how often they wanted the guardhouse to be cleaned. On MOTION by Ms. Coghlan seconded by Mr.Parrott with all in favor the proposal submitted by Crystal Clean to clean the guardhouse once per week was approved. C. School Wall Repair o At the last Board meeting, staff was asked for options to repair both sides of the wall area behind Laurel Oaks Elementary School. 2 161 1. A3 April 20,2015 Heritage Greens C.D.D. o Quotes were received from several vendors to pressure wash the wall, seal the cracks, minor patching and paint the wall. o The Board had requested the two lowest quotes. Ryan Hammond and Fenton Davis Painting submitted the lowest quotes. o The Board discussed the possibility of a hedge to replace the wall. o Staff was requested to get proposals to have the wall removed. o The HGCA was informed of the above. As of now, they are not willing to do a joint project for this. o Mr. Coombs noted this issue needs to be resolved, but not immediately, and asked for time to investigate. It will be on the next agenda. D. Tree Trimming and Sidewalk Cleaning Agreement with the HGCA o The Board discussed the draft letter Mr. Coombs prepared to be sent to the HGCA about the possibility of working out a mutual agreement to address the issue of tree trimming and sidewalk cleaning. o A discussion ensued on cleaning the sidewalks versus cleaning the driveways. On MOTION by Mr. Michaelson seconded by Mr. Parrott with Mr. Michaelson, Mr. Parrott and Ms. Coghlan voting aye and Mr. Coombs and Mr. Marshal voting nay, the Board approved doing nothing about sidewalk cleaning and not bringing this topic up for one year. o Mr. Marshall noted in regards to tree trimming, all of the associations are responsible for landscaping from the pavement area to the property line. They are responsible for trimming trees because it is landscaping. They are not the responsibility of the CDD. Landscape maintenance of the trees are the responsibility of the property owner or the property associations. o FPL could come and clear around the light bulbs. FPL will be notified to trim the trees around their lights. The addresses of where the lights are located will be provided by Mr. Parrott. o Staff will inform HGCA that FPL will be notified about the trees. 3 1611 A3 April 20,2015 Heritage Greens C.D.D. SIXTH ORDER OF BUSINESS New Business A. Heritage Greens CDD/Heritage Greens Community Association Agreement o The Board discussed responsibilities for security in the District. B. Leaf Pickup Considerations o Staff was requested to obtain proposals for street cleaning and leaf pick up. o Proposals were received. o Mr. Marshall noted the cost for a three man crew to sweep the streets was exorbitant. He felt the residents themselves should pick up the leaves. o The Board suggested the HOA post a reminder on Channel 195 to the residents to pick up their own leaves. C. Proposal for Sweeping the Roadways This item was discussed above. SEVENTH ORDER OF BUSINESS Manager's Report A. Watch Reports o The Watch Reports were reviewed. o Mr. Coombs reminded everyone if there are violations,call the police and report it. B. Follow Up Items—Parking Violations o The Board was updated on the status of trimming the trees on Crestview Way. o The CDD trimmed its tree and two others in this location for a cost of$450. o Mr. Marshall noted at the last meeting the Board voted to stop locking and unlocking the guardhouse. He felt it important to have the guard in the guardhouse at 10:00 p.m. o He discovered the Community Association had been given the authority of regulating parking and traffic on the roads within the community. He proposed the CDD turn over sheriff controls to the Master Association. o Most break-ins and illegal entries occur between 2:00 a.m.and 3:00 a.m. o The Chairman will provide the average number of cars that go through the gates between 2:00 a.m. and 3:00 a.m. for the next meeting. 4 161 _ A3 April 20,2015 Heritage Greens C.D.D. On MOTION by Mr. Michaelson seconded by Ms. Coghlan with Mr. Michaelson, Ms. Coghlan, Mr. Marshall and Mr. Parrott voting aye and Mr. Coombs voting nay, the Board approved contacting the Master Association to see if they would begin overseeing parking violations. o Mr. Faircloth noted effective today the guard will come between 8:00 p.m. until 4:00 a.m. and the gate will go down at 8:15 p.m. and go up at 5:00 a.m. o Mr. Marshall commented on the delivery of a package to a resident at 11:00 p.m. She was upset because of the late hour and banging on her door. o Mr. Marshall drafted a proposed post order and he submitted it for Board approval. He read the proposed post order. On MOTION by Mr. Marshall seconded by Mr. Coombs with Mr. Marshall, Mr. Coombs and Mr. Parrott voting aye and Mr. Michaelson and Ms. Coghlan voting nay, the Board adopted the new post orders for deliveries as drafted by Mr.Marshall. C. Discussion on Fiscal Year 2016 Budget o Mr.Faircloth reviewed the Fiscal Year 2016 proposed budget. o A key date is June 15th,2015 when the Board has to adopt a tentative budget. o Assessments cannot be increased after that date. It can be decrease,but not increase. o The public hearing date to adopt the budget is August 17,2015. D. Financial Statements There being no questions or comments, On MOTION by Mr. Coombs seconded by Ms. Coghlan with all in favor the financial statements for the period ending March 31,2015 were accepted. EIGHTH ORDER OF BUSINESS Attorney's Report There being no report,the next item followed. NINTH ORDER OF BUSINESS Engineer's Report o There was no Engineer's Report, however, Mr. Marshall asked for an update on the letter sent to the Collier County Board of Commissioners regarding the CDD's request for help getting additional speed tables. 5 1611 A3 April 20,2015 Heritage Greens C.D.D. o Mr. Faircloth noted their response was they do not vote on resolutions and they recommended the District contact the County Manager, who referred the CDD back to their Maintenance Transportation Manual. o Staff will follow up with County Staff as advised by the County Manager. TENTH ORDER OF BUSINESS Supervisors' Requests and/or Comments o Ms. Coghlan noted PJM Landscaping will be trimming and shaping the bougainvillea on the southeast end of the property. o Mr. Parrott announced he is resigning from the Board of Supervisors and read his letter of resignation effective April 21,2015. On MOTION by Mr. Michaelson seconded by Mr. Marshall with all in favor Mr. Parrott's letter of resignation effective April 21,2015 was approved. o Mr. Coombs thanked Mr. Parrott for all his work and his contributions to the District. ELEVENTH ORDER OF BUSINESS Audience Comments o Ms. Ellen Chadwell made a formal records request for any closed door sessions regarding the litigation, which may have been pending against the CDD regarding the assault that took place in the Clubhouse. If there was a closed door session involved she would like a copy of the notice and a copy of the transcript of that meeting. o Mr. John Shelton wanted clarification of the wall's location discussed earlier in the meeting. TWELFTH ORDER OF BUSINESS Adjournment There being no further business, On MOTION by Mr. Coombs seconded by Mr. Parrott with all in favor the meeting was adjourned at 7:23 P.m. /4111 4,4 Calvin Teague a -or:- o• 's Secretary Chairman 6 1 c%� 1611 A4 ,,,,,,,,,, co6 \-) Naples Heritage Community Development District 9 - Board of Supervisors Peter J.Lombardi,Chairman Calvin Teague, District Manager Peter V.Ramundo,Vice Chairman Gregory L.Urbancic,District Counsel Kenneth R.Gaynor,Assistant Secretary William McAnly,District Engineer Gerald G.James,Assistant Secretary Richard J.Leonhard,Assistant Secretary Regular Meeting Agenda April 7,2015—9:00 a.m. 1. Roll Call 2. Public Comment on Agenda Items 3. Approval of the Minutes of the March 3,2015 Meeting 4. Old Business A. Update on Storm Water System Maintenance B. Lake Bank Restoration Update 5. New Business A. Community Water Levels . 6. Manager's Report A. Approval of Financial Statements B. FY 2016 Budget Review 7. Attorney's Report 8. Supervisors' Requests 9. Audience Comments 10. Adjournment The next meeting is scheduled for Tuesday,May 5,2015 at 9:00 a.m. District Office: Meeting Location: 210 N.University Drive,Suite 702 Naples Heritage Golf and Country Club Clubhouse Coral Springs,FL 33071 8150 Heritage Club Way 954-753-5841 Naples,FL 161 ' l A4 RESOLUTION 2015-05 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT REQUESTING A DETAIL ANALYSIS OF WATER LEVELS WHEREAS,Naples Heritage is a residential golf community that values and strives to create an environmentally favorable storm water system for the residents of Naples Heritage,and WHEREAS,Naples Heritage feels strongly that low water levels within the community's storm water retention system negatively impact the water quality; fish population and habitat for shore birds of the ponds and WHEREAS,as an Audubon Society community, the community desires to promote a favorable and supportive eco system for water fowl and other aquatic life and WHEREAS, the Naples Heritage Community Development District would like to have all County, State and Federal agencies cooperatively initiate a review of the conditions with an identification of options available to prevent the drastic fluctuation of water levels with the Naples Heritage Community Development District. NOW THEREFORE,Naples Heritage Community Development District Board of Supervisors requests the Rookery and South Florida Water Management District to recognize this issue and join together and become involved by having staff begin research to identify options and considerations for completing this detailed analysis to address the need for consistent surface water levels. Approved by the Board of Supervisors this 7th day of April,2015.. 4 C� Cic �;2ti )1"-. r Chairman C;a4r.,,-) Assistant Secretary yi 1611 A4 .L i+ in a R d O b +w E a 'C a 0 N Z 01 0 X a; Z v = > 10 �, R W W CC CD p c 'Z a w H Q ,C k LL Z• O 3 E E O V 1b11 A 4 co ,_ N co U) cO m m 0 m 0 0 co N N tea co co a a a a a a N 0 U C m To co c L rr u. C c co C C) O c co o L z w U O -O C RS Q m N c W = = m -0 c U c E m c n o E N g x 0 m oo N LL W c ca a Q u. m c u. 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E CO 2 C CO \ C j 2 > co a CO E. } } } / \ § ƒ \ s 0 g ) � ) ) 2 a E z , a Q » r o % e cn 9 \ \ g § § § ) C t § CO 0) / 11 / \ \ } § b U o \ ..- 11 k 2 / } } .3 0 a ■ / g « k ) / — w 7 k k o t B § 0 z 0 — ) * ILI § �) 0. [ 22 Z o \ } 1611 A4 0 U 5 �.. N Q) CD o .c V CO N •i E o CO o ,a a) CO To CD o CS) 2 C : ' _ LL Z E 0 E 0 o 0. 0 cn 1611 A4 r- t. N O cu En U) = CL t.; , — o 0 0 c ( ° y o m c E N 07 m } Z E LL am y a, o '� va h y ca0 Q 00 CD 2 0 Z '- in 0 o C N EO L} N E 0 U U cn c C a` Q U n' U N O a > .,W . (r) �/� N III d N W ' o N Z U � � 1611 A4 F. 1. MINUTES OF MEETING / G�..l,`r� / NAPLES HERITAGE By (1 COMMUNITY DEVELOPMENT DIST' _IC__ The regular meeting of the Board of Supervisors of the Naples Heritage Community Development District was held Tuesday, April 7, 2015 at 9:00 a.m. at the Naples Heritage Golf and Country Clubhouse; 8150 Heritage Club Way;Naples, Florida. Present and constituting a quorum were: Peter Lombardi Chairman Peter Ramundo Vice Chairman(Via Telephone) Kenneth Gaynor Assistant Secretary Gerald James Assistant Secretary Richard Leonhard Assistant Secretary Also present were: Calvin Teague District Manager Patrick Dorbad General Manager for the HOA Numerous Residents Due to a failure of the audio equipment, the following is a summary of the discussions and actions taken at the April 7, 2015 Naples Heritage Community Development District's Board of Supervisors meeting,and is based on the District Manager's notes. FIRST ORDER OF BUSINESS Roll Call Mr.Teague called the meeting to order and called the roll. TOn MOTION by Mr. James seconded by Mr. Gaynor with all in favor,Mr.Ramundo was authorized to exercise his voting rights via telephone. SECOND ORDER OF BUSINESS Public Comment on Agenda Items • Mr. Ed Carroll discussed the effort of obtaining support for a study to identify options for maintenance of water levels in the Naples Heritage area. 4/28/15 161144 April 7, 2015 Naples Heritage CDD ➢ The Board considered a Resolution which will be presented to several other clubs in the area,which will then be sent to the Water Management District and the County requesting the undertaking of this effort. There being no further discussion, On MOTION by Mr. Leonhard seconded by Mr. James with all in favor, Resolution 2015-05 Requesting a Detail Analysis of Water Levels was adopted as amended. THIRD ORDER OF BUSINESS Approval of the Minutes of the March 3,2015 Meeting Mr. Teague stated each Board member received a copy of the Minutes of the March 3, 2015 Meeting and requested any additions, corrections or deletions. There not being any, On MOTION by Mr. Leonhard seconded by Mr. Gaynor with all in favor,the Minutes of the March 3,2015 Meeting were approved. FOURTH ORDER OF BUSINESS Old Business A. Update on Storm Water System Maintenance • The project is expected to commence on April 16, 2015. Mr. Faircloth and Mr. Gaynor will be Project Liaisons and they will conduct a ride-around to ensure there is a clear understanding of the scope of the project. • Mr.Faircloth will provide a clear map to the General Manager and Supervisors. B. Lake Bank Restoration Update • Mr.Gaynor presented an update on the 2015 projects which are coming to an end. • Some irrigation still needs to he installed, but overall, it was a successful project and the lake banks are in good shape. • The next effort will be to plant littorals. Ms. Meadows will send Mr. Gaynor the pictorial summary to identify exotic fish and desirable littoral plants. • This item may be removed from future agendas. FIFTH ORDER OF BUSINESS New Business A. Community Water Levels • Resolution 2015-05 was adopted under Public Comment Period on Agenda Items. 4/28/15 1611 A4 April 7,2015 Naples Heritage CDD SIXTH ORDER OF BUSINESS Manager's Report A. Approval of Financial Statements Mr. Teague presented the February 28, 2015 Financial Statements for acceptance; copies of which are attached hereto and made part of the public record. • Mr.Teague will obtain a copy of the latest investment report to be forwarded to the Board. There being no further discussion, On MOTION by Mr.Ramundo seconded by Mr.Leonhard with all in favor,acceptance of the February 28,2015 Financial Statements was approved. B. Fiscal Year 2016 Budget Review Mr. Teague presented the proposed Fiscal Year 2016 Budget for discussion; a copy of which is attached hereto and made part of the public record. • Mr. Teague will be updating the projections for the year-end before next month's Public Hearing. SEVENTH ORDER OF BUSINESS Attorney's Report There being no attorney present or any issues for discussion, the next order of business followed. EIGHTH ORDER OF BUSINESS Supervisors' Requests • The Board requested a discussion at the next meeting on the extension of the irrigation system for the Davis Road landscaping project. The Board is trying to determine whether or not the CDD can participate in funding a project if it is in the County ROW. NINTH ORDER OF BUSINESS Audience Comments Hearing no comments from the audience,the next order of business followed. TENTH ORDER OF BUSINESS Adjournment There being no further business, 4/28/15 6 11 A4 April 7, 2015 Naples Heritage CDD On MOTION by Mr. James seconded by Mr. Leonhard with all in favor,the meeting was adjourned at 9:34 a.m. C-0 , r / _ Calvin Teagl Peter L.mbar Secretary Chairman 4/28/15 161 1 l A5 Port of the Islands Community Improvement District Board of Supervisors J. Anthony Davis,Chairman Calvin Teague,District Manager Norine Dillon, Vice Chairperson Daniel Cox,District Counsel Dale Lambert,Assistant Secretary Ronald :-, • !''14 •Si '. Theodore Bissell,Assistant Secretary D 'S Richard Ziko,Assistant Secretary Regular Meeting Agenda ;' �}�s Friday, March 20,2015— 10:00 a.m. By 1. Call to Order and Roll Call 2. Approval of the Minutes of the February 20,2015 Meeting 3. Public Comment on Agenda Items 4. Old Business A. Review of Landscape Maintenance Performance B. Discussion of Tablets for Supervisor Business 5. New Business A. Discussion of Broken Plant Pot 6. District Manager's Report A. Approval of the February 28,2015 Financial Statements and Check Register B. Discussion of Follow-Up Items 7. Field Manager's Report A. Discussion of March 2015 Field Manager's Report B. Signage in Right-of-Way 8. Attorney's Report A. Update on North Hotel Foreclosure Proceedings 9. Engineer's Report 10. Supervisors' Requests 11. Public Comment Period 12. Adjournment The next meeting is scheduled for Friday,April 17, 2015 at 10:00 a.m. District Office: Meeting Location: Severn Trent Services,Inc. Orchid Cove Clubhouse 5911 Country Lakes Drive 25005 Peacock Lane Fort Myers,Florida 33905 Naples,Florida 34114 239-245-7118 http://poicid.com/ 239-430-0806 Naples Daily News 161 1 ,,...A 5 Naples, FL 34110 Affidavit of Publication Naples Daily News + PORT OF THE ISLANDS 210 N UNIVERSITY DR #702 CORAL SPRINGS FL 33071 REFERENCE: 010948 59754891 NOTICE OF MEETINGSP• NOTICE OF MEETING NOTICE OF MEETING NOTICE OF MEETINGS State of Florida PORT OF THE ISLANDS „•; .. Counties of Collier and Lee COMMUNITY IMPROVEMENT DISTINCT f ement Before the undersigned authority, person The Board of Supervisors of The Fart of the Islands Community I house; p District will hold the meetings foe FLacai Year 2015 at the Orchid Cove each 25005 Peacock Lane;Naples,Flondr 34114 at 1000 am.on.the third Prfd appeared Dan McDermott, says that he serve mon1hasfollows: ., T Inside Sales Supervisor, of the Naples Dai. october1,2014 November Zi,201d '? a daily newspaper published at Naples, in ( DeOambeM9,2o,4 Janua 16,2015 County, Florida: distributed in Collier Fefiru ryz0,zoi5 and Lee counties of Florida; that the attar March x;55 May 15,2075 copy of advertising was published in said June19,2ov July 17.2015 newspaper on dates listed. August 21 2075 September 18,2015 Af f iant further says that the said Naples The meetings are upen to the public an will be condycted•fa aE eetfnee News is a newspaper published at Naples, ir. with the provision of Flor'uta Law for Community be spa meat on the record at In be"continued tea date,time and locatipn tO be spec a On tfie'record at the Collier County, Florida, and that the said meeune°. p newspaper has heretofore been continuously There moy be occasion9 when one er m atiops asany ofltnesecmeetrn4s toephone. Any person requir' sp day and has been entered as second class ma bemuse Of a dBabrriiy Or ysrcal m'pa'rt 753-581 contact t•"a Managgement SOm ny, Severn Trent Serylces at{95� rm rred lease matter at the post office in Naples, in sal celerrdar days pdoPto the meeUrr�• If you are bearfn4V in tech Pa istrld contact tyro fl0ricla Relay Serv'rce a (804 955-8770 for and m contacting the Collier County, Florida, for a period of 1 Officeatleasttwo(2)dayspriortgthedateofYltemEeti^gs• next preceding the first publication of the Each PeisO^whO decides to W1 ca:f any acd4n-taken 5ttftpise meetryrrgs"is advised that penoh will nced'a WW1 o)the ptoceeuceedin8gs ismaditAtlUding. attached copy of advertisement; and of f iant pe150^r^ay need to ensure a verHadm record¢ausi zob @based further says that he has neither paid nor there;tlmonyandevidenceuponwhldl}uchaPP Calnn Teague-,' promised any person, firm or corporation and OrstfiC M?npger discount, rebate, commission or refund for t_:L." ° purpose of securing this advertisement for publication in the said newspaper. PUBLISHED ON: 09/19 AD SPACE: 88 LINE FILED ON: 09/19/14 Signature of Af f iant i Ayr-¢-- ' J�� °'L f Sworn to and Subscribed ' fore met isC.' day of 6,411i)k/20 /(--( Personally known by me LAA. - t✓v ♦ _ Z,x - :4fn p CA1 POtiDORA• ., •,- MY COMMISSION 4 EE 851756 ='Era n.�� EXPIRES:November 28,21114 stilt.$ Bonded Thm►idrard Insurance Agency r v q k 1611 ., A5 ...Teague, Calvin From: Claire Campbell <info @sotolawn.com> Sent: Wednesday, March 18, 2015 11:09 AM To: rcziko @embarqmail.com; 'Dillon Norine'; Edge, Robert;tbissell @embarqmail.com;Teague, Calvin;dalelambert @embarqmail.com;'Anthony Davis' Subject: CID Notes March 2015 7 Good Morning all. Walk through was performed on Monday, March 16th with Robert Soto, Norine Dillon and Kathrynn Kehlmeier o6 A C.J • Waiting on restoring power on Newport Dr. Robert Edge should have it fixed by end of the week. Iti0 • Soto will be providing estimate to replace lights on monument entrances on CID properties. • There is a main line leak that will be repaired this week ‘11/ gip • There might be asphalt that needs to be repaired. Will not know until Friday.You will be notified. Oanother• C&S Irrigation will be providing an estimate to hardwire the battery operated timers on Newport. note...The repair on the washout located on the 41 median has been replaced. Thank you, Brenda Garcia /I, '' ti (for Robert Soto) Soto"S kit: 7 0 / , 9.,?-60,c,,,---or b... ,c,t.",,, Lawn Service, Inc. `, fi°n`� 2830 35th Avenue NE Naples,FL 34120 \ Sot®Iaw;.co i,\. t �C Phone:(239)3544080 Fax:(239)354-1045 1 ' 5 t Contact us: Claire info @sotolawn.com (Office) Robert robert@sotolawn.com Scott scott@sotolawn.com Donna donna @sotolawn.com Lila lila @sotolawn.com (irrigation) `"� Q QQ/ L^v /t.i.h ujJ x/r), 41/1 C- 7,14-- w I , 4.,,,, 014- (Ai' -'12-1Lic 6 i el .' ' wvt , 32' \'' '-' , 161 1 ' TABLET PRICING Memory Size Price Keyboard(opt) Cover TOTAL Microsoft Surface 2 32 $ 354.99 $ 86.95 N/A $441.94 Apple'pad Air 32 $ 414.95 N/A $ 29.99 $444.94 Microsoft Surface 2 64 $ 461.99 $ 86.95 N/A $ 548.94 Apple'pad Air 64 $ 551.50 N/A $ 29.99 $ 581.49 1 1611 A5 Port of the Islands Community Improvement District Financial Report February 28, 2015 Prepared by SEVERN TRENT 5[i RVICES 16I1- 5 PORT OF THE ISLANDS Community Improvement District Table of Contents FINANCIAL STATEMENTS Balance Sheet-All Funds Page 1-2 General Fund Statement of Revenues, Expenditures and Changes in Fund Balance............... Page 3 Trend Report Page 4 ................................................... Enterprise Fund Statement of Revenues, Expenditures and Changes in Fund Balance............... Page 5-6 Trend Report Page 7 SUPPORTING SCHEDULES Check Register Page 8-9 Special Assessments-Collection Schedule Page 10 Construction Schedule Page 11 -13 CIP Status Report Page 14-15 Cash Flow Projections Page 16-19 Cash Flow Projections-5 year Page 20 Monthly Activity Report Page 21 -26 Accounts Receivable Ageing Report(90+days outstanding) Page 27-28 Repair and Maintenance Detail Reports Page 29-31 1611 5 Port of the Islands Community Improvement District Financial Statements (Unaudited) February 28, 2015 161145 PORT OF THE ISLANDS Community Improvement District Governmental and Enterprise Funds Balance Sheet February 28, 2015 GENERAL WATER AND ACCOUNT DESCRIPTION FUND SEWER FUND TOTAL ASSETS Current Assets Cash-Checking Account $ 225,115 $ 196,641 $ 421,756 Accounts Receivable 884 8,539 9,423 Assessments Receivable 231,351 635,492 866,843 Allow-Doubtful Collections (231,351) (635,492) (866,843) Interest/Dividend Receivables 1,190 - 1,190 Due From Other Funds - 1,333 1,333 Investments: Certificates of Deposit-18 Months 152,763 - 152,763 Money Market Account 571,281 6,764 578,045 Construction Fund - 118,483 118,483 Total Current Assets 951,233 331,760 1,282,993 Noncurrent Assets Fixed Assets Land - 293,061 293,061 Infrastructure - 15,321,761 15,321,761 Accum Depr-Infrastructure - (4,543,538) (4,543,538) Equipment and Furniture - 327,167 327,167 Accum Depr-Equip/Furniture - (101,000) (101,000) Construction Work In Process - 3,090 3,090 Total Noncurrent Assets - 11,300,541 11,300,541 TOTAL ASSETS $ 951,233 $ 11,632,301 $12,583,534I LIABILITIES Current Liabilities Accounts Payable $ 50 $ 115 $ 165 Accrued Expenses 9,333 26,794 36,127 Deposits - 33,800 33,800 Other Current Liabilities - 154 154 Revenue Bonds Payable-Current - 532,827 532,827 Due To Other Funds 1,333 - 1,333 Total Current Liabilities 10,716 593,690 604,406 Long-Term Liabilities Revenue Bonds Payable-LT - 2,958,145 2,958,145 Total Long-Term Liabilities - 2,958,145 2,958,145 TOTAL LIABILITIES 10,716 3,551,835 3,562,551 Report Date:3/5/2015 1 1611 A5 PORT OF THE ISLANDS Community Improvement District Governmental and Enterprise Funds Balance Sheet February 28, 2015 GENERAL WATER AND ACCOUNT DESCRIPTION FUND SEWER FUND TOTAL FUND BALANCES/NET ASSETS Fund Balances Assigned to: Operating Reserves 103,881 - 103,881 Unassigned: 836,636 - 836,636 Net Assets Invested in capital assets, net of related debt - 7,809,570 7,809,570 Unrestricted/Unreserved - 270,896 270,896 'TOTAL FUND BALANCES/NET ASSETS $ 940,517 $ 8,080,466 $ 9,020,983' TOTAL LIABILITIES&FUND BALANCES/NET ASSETS $ 951,233 $ 11,632,301 $ 12,583,534 Report Date:3/5/2015 2 161 1 5 PORT OF THE ISLANDS Community Improvement District General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending February 28,2015 YTD ACTUAL AMENDED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF FEB-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) AMENDED BUD ACTUAL REVENUES Interest-Investments $ 2,153 $ 897 $ 668 $ (229) 31.03% $ 70 Interest-Tax Collector - - 22 22 0.00% 22 Special Assmnts-Tax Collector 430,597 287,065 259,499 (27,566) 60.26% 8,593 Special Assmnts-Discounts (17,224) (11,484) (9,818) 1,666 57.00% (128) Other Miscellaneous Revenues - 1,870 1,870 0.00% - TOTAL REVENUES 415,526 278,478 252,241 (24,237) 60.70% 8,557 EXPENDITURES Administration P/R-Board of Supervisors 7,000 2,500 2,400 100 34.29% 400 FICA Taxes 536 223 184 39 34.33% 31 ProfServ-Engineering 26,000 10,833 3,811 7,022 14.66% 356 ProfServ-Legal Services 14,000 5,833 5,659 174 40.42% 709 ProfServ-Mgmt Consulting Sery 30,092 12,538 12,538 - 41.67% 2,508 ProfServ-Property Appraiser 6,459 6,459 6,460 CO 100.02% 1,702 ProfServ-Special Assessment 9,806 9,806 9,806 - 100.00% - Auditing Services 3,500 3,500 - 3,500 0.00% Postage and Freight 1,200 500 146 354 12.17% 13 Rental-Meeting Room 350 125 125 - 35.71% 25 Insurance-General Liability 8,786 4,393 4,072 321 46.35% - Printing and Binding 1,300 542 126 416 9.69% 17 Legal Advertising 1,000 417 162 255 16.20% - Miscellaneous Services 1,380 575 294 281 21.30% 16 Misc-Assessmnt Collection Cost 8,612 5,741 4,994 747 57.99% 169 Misc-Web Hosting 1,000 417 354 63 35.40% 71 Office Supplies 500 208 208 0.00% - Annual District Filing Fee 175 175 175 - 100.00% - Total Administration 121,696 64,785 51,306 13,479 42.16% 6,017 Field Contracts-Mgmt Services 100,000 41,667 41,667 - 41.67% 8,333 Contracts-Landscape 82,830 34,513 34,512 1 41.67% 6,902 Electricity Streetlighting 19,000 7,917 6,342 1,575 33.38% 1,262 Utility-Irrigation 17,000 7,085 6,249 836 36.76% 1,419 R&M-Renewal and Replacement 70,000 29,167 840 28,327 1.20% - R&M-Roads&Alleyways 4,000 1,667 19,000 (17,333) 475.00% 19,000 R&M-Signage 1,000 417 - 417 0.00% Total Field 293,830 122,433 108,610 13,823 36.96% 36,916 TOTAL EXPENDITURES 415,526 187,218 159,916 27,302 38.49% 42,933 Excess(deficiency)of revenues Over(under)expenditures - 89,260 92,325 3,065 0.00% (34,376) Net change in fund balance $ - $ 89,260 $ 92,325 $ 3,065 0.00% $ (34,376) FUND BALANCE,BEGINNING(OCT 1,2014) 848,192 848,192 848,192 FUND BALANCE,ENDING $ 848,192 $ 937,452 $ 940,517 Report Date:3/5/2015 3 1611 A 5 PORT OF THE ISLANDS Community Improvement District Trend Report-General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending February 28,2015 TOTAL Oct Nov Dec Jan Feb Actual Thru Adopted Account Description Actual Actual Actual Actual Actual 212812015 Budget Revenues Interest-Investments $ 163 $ 134 $ 136 $ 165 $ 70 $ 668 $ 2,153 Special Assmnts-Tax Collector 3,831 116,349 110,898 19,827 8,593 259,499 430,597 Special Asarnnls-Discounts (201) (4,647) (4,314) (528) (128) (9,818) (17,224) Total Revenues 3,793 111,836 108,590 19,464 8,557 252,241 415,526 Expenditures Administrative PIR-Board of Supervisors 400 600 500 500 400 2,400 7,000 FICA Taxes 31 46 38 38 31 184 536 ProfServ-Engineering - 1,500 419 1,536 356 3,811 26,000 ProtServ-Legal Services - 2,213 48 2,690 709 5,659 14,000 ProfServ-Mgmt Consulting Sery 2,508 2,508 2,508 2,508 2,508 12,538 30,092 ProfServ-Property Appraiser 4,758 - - - 1,702 6,460 6,459 ProfServ-Special Assessment - - 9,806 - - 9,806 9,806 Postage and Freight 12 83 31 7 13 146 1,200 Rental-Meeting Room 25 25 25 25 25 125 350 Insurance-General Liability 2,036 - - 2,036 - 4,072 8,786 Printing and Binding 31 - 52 25 17 126 1,300 Legal Advertising 162 - - - - 162 1,000 Miscellaneous Services 122 83 72 1 16 294 1,380 Misc-Assessmnt Collection Cost 73 2,234 2,132 386 169 4,994 8,612 Misc-Web Hosting 71 71 71 71 71 354 1,000 Office Supplies - - - - - - 500 Annual District Filing Fee 175 - - - - 175 175 Total Administrative 10,404 9,363 15,702 9,823 6017 51,306 121,696 fW Contracts-Mgmt Services 8,333 8,333 8,333 8,333 8,333 41,667 100,000 Contracts-Landscape 6,902 6,902 6,902 6,902 6,902 34,512 82,830 Electricity-Slreellighting 1,272 1,273 1,273 1,263 1,262 6,342 19,000 Utility-Irrigation 1,205 1,156 917 1,552 1,419 6,249 17,000 R&M-Renewal and Replacement 350 - (360) 850 - 840 70,000 R&M-Roads&Alleyways - - - - 19,000 19,000 4,000 R&M-Sgnage - - - - - - 1,000 Total Field 18,062 17,664 17,065 18,900 36,916 108,510 293.830 Total Expenditures 28,466 27,027 32,767 28,723 42,933 159,916 415,528 Excess(deficiency)of revenues Over(under)expenditures $ (24,673) $ 84,809 $ 75,823 $ (9,259) $ (34,376) 92,325 - FUND BALANCE,BEGINNING(OCT 1,2014) 848,192 848,192 FUND BALANCE,ENDING $ 940,517 $ 848,192 Report Date:3/5/2015 4 161 #1 5 PORT OF THE ISLANDS Community Improvement District Water And Sewer Fund Statement of Revenues,Expenses and Changes In Net Assets For the Period Ending February 28,2015 YTD ACTUAL AMENDED YEAR TO DATE YEAR TO DATE VARIANCE(S) AS A%OF FEB-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) AMENDED BUD ACTUAL OPERATING REVENUES Interest-Investments $ 285 $ 119 $ 71 $ (48) 24.91% $ 12 Water Revenue 53,700 22,375 21,213 (1,162) 39.50% 5,409 Sewer Revenue 81,200 33,833 30,518 (3,315) 37.58% 7,920 Irrigation Fees 110,900 46,208 44,234 (1,974) 39.89% 10,527 Special Assmnts-Tax Collector 1,139,500 759,667 653,059 (106,608) 57.31% 21,626 Special Assmnts-Discounts (45,580) (30,387) (24,707) 5,680 54.21% (322) Other Miscellaneous Revenues - - 1,796 1,796 0.00% 460 (TOTAL OPERATING REVENUES 1,340,005 831,815 726,184 (105,631) 54.19% 45,832 OPERATING EXPENSES Personnel and Administration P/R-Board of Supervisors 7,000 2,500 2,400 100 34.29% 400 FICA Taxes 536 223 184 39 34.33% 31 ProfServ-Engineering 26,000 10,833 3,811 7,022 14.66% 356 ProfServ-Legal Services 14,000 5,833 5,659 174 40.42% 709 ProfSery-Mgmt Consulting Sery 30,216 12,590 12,590 - 41.67% 2,518 ProfServ-Property Appraiser 17,093 17,093 17,096 (3) 100.02% 4,231 ProfServ-Special Assessment 8,366 8,366 8,366 - 100.00% - Auditing Services 3,500 3,500 - 3,500 0.00% - Postage and Freight 1,200 500 359 141 29.92% 13 Rental-Meeting Room 350 125 125 - 35.71% 25 Insurance-General Liability 8,786 4,393 4,072 321 46.35% - Printing and Binding 1,300 542 126 416 9.69% 17 Legal Advertising 1,000 417 162 255 16.20% - Miscellaneous Services 2,600 1,083 740 343 28.46% 127 Misc-Assessmnt Collection Cost 22,790 15,193 12,567 2,626 55.14% 426 Office Supplies 500 208 208 0.00% _ - Total Personnel and Administration 145,237 83,399 68,257 15,142 47.00% 8,853 Water-Sewer Comb Services Contracts-Mgml Services 309,533 128,972 128,972 41.67% 25,794 Contracts-Generator Maint 1,750 - 551 (551) 31.49% - Communicatlon-Teleph-Field 4,512 1,880 2,007 (127) 44.48% 270 Utility -General 87,000 36,250 34,463 1,787 39.61% 7,488 R&M-Irrigation 35,000 14,583 1,162 13,421 3.32% - R&M-Lift Station - - 109 (109) 0.00% 109 R&M-Potable Water Lines - - 4,331 (4,331) 0.00% - R&M-Water Plant 20,000 8,333 9,136 (803) 45.68% (85) R&M-Waste Waler Plant 15,000 6,250 (4,200) 10,450 -28.00% - R&M-Sewer Lines - - 599 (599) 0.00% 599 R&M-Backflow Inspection - - 240 (240) 0.00% 240 Misc-Licenses&Permits 7,375 6,375 6,375 0.00% - Cap Outlay-Waste Water Plant 50,796 21,165 8,700 12,465 17.13% 8,700 Total Water-Sewer Comb Services 530,966 223,808 186,070 37,738 35.04% 43,114 Report Date:3/5/2015 5 . ._.... 1611A5 PORT OF THE ISLANDS Community Improvement District Water And Sewer Fund Statement of Revenues,Expenses and Changes in Net Assets For the Period Ending February 28,2015 YTD ACTUAL AMENDED YEAR TO DATE YEAR TO DATE VARIANCE(5) AS A%OF FEB-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) AMENDED BUD ACTUAL Debt Service Principal Debt Retirement 532,827 • - - 0.00% - Interest Expense 122,533 61,267 10,211 51.056 8.33% - Total Debt Service 655,360 61,267 10,211 51,056 1.56% - TOTAL OPERATING EXPENSES 1,331,583 388,474 264,538 103,936 19.87% 51,967 Operating income(loss) 3,442 463,341 461,640 (1.695) 5468.44% (6,335) Change in net assets $ 8,442 $ 463,341 $ 461,646 $ (1,695) 5468.44% $ (6,335) TOTAL NE7 ASSETS,BEGINNING(OCT 1,2014) 7,618,820 7,618,820 7,618,820 TOTAL NET ASSETS,ENDING $ 7,627,262 $ 8,082,161 $ 8,080,466 Report Date:3/5/2015 6 1611 445 PORT OF THE ISLANDS Community Improvement District Trend Report-Water And Sewer Fund Statement of Revenues,Expenses and Changes in Net Assets For the Period Ending February 28,2015 TOTAL Oct Nov Dec Jan Feb Actual Thru Adopted Account Description Actual Actual Actual Actual Actual 212812015 Budget Operating Revenues Interest-Investments $ 16 $ 15 $ 16 $ 16 $ 12 $ 71 $ 285 Water Revenue 2,875 3,640 3914 5,375 5,409 21,213 53,700 Sewer Revenue 4,255 5,145 5,471 7,727 7,920 30,518 81,200 Irrigation Fees 6,581 7,944 8,768 10414 10,527 44,234 110900 Special Assmnts-Tax Collector 9,642 292,806 279,088 49,897 21,626 653,059 1,139,500 Special Assmnts-Discounts (506) (11,694) (10,856) (1,329) (322) (24,707) (45,580) Total Operating Revenues 23,088 298,181 286,662 72,625 45,632 726,184 1,340,005 Operating Expenses Personnel and Administration PIR-Board of Supervisors 400 600 500 500 400 2,400 7,000 FICA Taxes 31 46 38 38 31 184 536 ProfServ-Engineering - 1,500 419 1,536 356 3,811 26,000 ProfServ-Legal Services - 2,213 48 2,690 709 5,659 14,000 ProfServ-Mgmt Consulting Sery 2,518 2,518 2,518 2,518 2,518 12,590 30,216 ProfServ-Property Appraiser 12,866 - - - 4,231 17,096 17,093 ProfServ-Special Assessment - - 8,366 - - 8,366 8,366 Postage and Freight 12 83 61 190 13 359 1,200 Rental-Meeting Room 25 25 25 25 25 125 350 Insurance-General Liabitty 2,036 - - 2,036 - 4,072 8,786 Printing and Binding 31 - 52 25 17 126 1,300 Legal Advertising 162 - - - - 162 1,000 Miscellaneous Services 227 122 109 156 127 740 2,600 Misc-Assessmnt Collection Cost 183 5,622 5,365 971 426 12,567 22,790 Office Supplies - - - - - - 500 Total Personnel and Administration 18,491 12,729 17,501 10,685 8,853 68,257 145237 Water-Sewer Comb Services Contracts-Mgmt Services 25,794 25,794 25,794 25,794 25,794 128,972 309,533 Contracts-GeneratorMaint - - 551 - - 551 1,750 Communication-Teleph-Field 913 267 283 274 270 2,007 4512 Utility-General 6,201 6,493 6,959 7,322 7,488 34,463 87.000 R&M-Irrigation 245 - 72 846 - 1,162 35,000 R&M-Water Plant - 8,450 3,327 (2,556) (86) 9,136 20,000 R&M-Waste Water Plant - - (4,698) 498 - (4,200) 15,000 Misc-Licenses&Permits - - - - - - 7,375 Cap Outlay-Waste Water Plant - - - - 8,700 8,700 50,796 Total Water-Sewer Comb ServIces 37,484 41,004 32,288 32,178 43,114 186,070 530,966 Debt Service Principal Debt Retirement - - - - - - 532,827 Interest Expense - 10,211 - - - 10,211 122,533 Total Debt Service - 10,211 - - - 10,211 655,360 Total Operating Expenses 55,975 83,944 49,789 42,863 51,967 264,538 1,331,563 Operating income(loss) $ (32,887) $ 234,237 $236,873 $ 29,762 $ (6,335) 461,646 8,442 TOTAL NET ASSETS,BEGINNING(OCT 1,2014) 7,618,820 7,618,820 TOTAL NET ASSETS,ENDING $ 8,080,468 $ 7,627,262 Report Date:3/5/2015 7 16111 A 5 Port of the Islands Community Improvement District Supporting Schedules February 28, 2015 16I ' FA5 t ,. , 382 8888_ 24- 8 ° g ray P- 8 � tc; ' 8 m W 8 18 ° ° q ° v ° 1 m 00000 V ri d tri v m �i n m ri ri ri n o ri o v v n w m Q m 8 a Q4i A aw m m m- po v tn 0 r Q 4 n rn 4 , • a I al A O W W y Of q V b-a 13 NN W to M t N O O N N ° a a 8 8 g NO M N N i0 N M M r00 o p re? 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U k . m CC 1611A5 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 2015 ALLOCATION BY FUND DISCOUNT/ GROSS DATE NET AMOUNT (PENALTIES) COLLECTION AMOUNT GENERAL WATER/SEWER RECEIVED RECEIVED AMOUNT COSTS RECEIVED FUND FUND Assessments Levied FY 2015" $ 1,174,931 $ 334,109 $ 840,822 Allocation'Y 100% 28% 72% 10/30/14 $ 12,510 $ 707 $ 255 $ 13,473 $ 3,831 $ 9,642 11/14/14 $ 70,133 $ 2,955 $ 1,431 $ 74,519 $ 21,190 $ 53,328 11/25/14 $ 314,825 $ 13,386 $ 6,425 $ 334,636 $ 95,159 $ 239,477 12/12/14 $ 336,730 $ 14,178 $ 6,872 $ 357,780 $ 101,740 $ 256,040 12/31/14 $ 30,590 $ 992 $ 624 $ 32,206 $ 9,158 $ 23,048 01/29/15 $ 66,510 $ 1,857 $ 1,357 $ 69,724 $ 19,827 $ 49,897 02/27/15 $ 29,174 $ 449 $ 595 $ 30,219 $ 8,593 $ 21,626 TOTAL $ 860,472 $ 34,525 $ 17,561 $ 912,557 $ 259,499 $ 653,059 %Collected 77 67% 77.67% 77.67% TOTAL OUTSTANDING $ 262,374 $ 74,610 $ 187,764 Year Parcel ID Description Amount Comments FY 2010 1058920500 POI Hotel 119,627 bankruptcy FY 2011 1058920500 POI Hotel 119,627 bankruptcy FY 2012 1058920500 POI Hotel 119,638 bankruptcy FY 2013 1058920500 POI Hotel 119,638 bankruptcy FY 2014 1058920500 POI Hotel 119,637 FY 2014 1058920005 POI Realty LLC 268,677 Total Delinquent Parcels 866,844 Note": Three parcels were billed off roll subsequent to budget adoption. Report Date'3/5/2015 10 1611 AI S PORT OF THE ISLANDS Community Improvement District Series 2010 Special Assessment Revenue Bond 1.Recap of Capital Project Fund Activity Through February 28,2015 Bond Issued(Construction Account) $ 5,500,000 Source of Funds:Interest Earned $ 8,577 Use of Funds: COI $ (42,700) COI(costs transferred to checking account) $ (5,000) Disbursements: Water Treatment Plant $ (5,333,694) Disbursements: Lift Station Rehab $ (8,700) $ (5,390,094) Adjusted Balance in Construction Account February 28,2015 $ 118,483 2.Funds Available For Construction at February 28,2015 Book Balance of Construction Account at February 28,2015 $ 118,483 Construction Funds available at February 28,2015 $ 118,483 3.Investments-BB&T at February 28,2015 Estimated Type Yield Principal Construction Fund: 0.12% $ 118,483 ADJ:Outstanding Amounts Due $ - Balance at February 28,2015 $ 118,483 4. General Bond Information Issued: 2010 Matures: 2020 Bond Interest Rate: 3.51% FY 2015 budgeted bond payment as%of gross assessments(water/sewer fund): 57% Report Date:3/5/2015 11 161 1 A!3 PORT OF THE ISLANDS Community Improvement District Construction Schedule AMOUNT OF CAPITAL WATER TREATMENT LIFT STATION REQ.# DATE CONTRACTOR REQUISITION OUTLAY COI PLANT REHAB COI 10/20/10 Greenberg Traurig $ 10,000 $ - $ 10,000 $ - 001 10/20/10 BB&T 2,700 2,700 001 10/20/10 Severn Trent Management Svc 15,000 15,000 COI 11/02/10 Dan Cox 15,000 15,000 1 11/09/10 Port of the Islands CID(reimb) 321,537 321,537 321,537 2 11/18/10 South Florida Excavation 26,504 26,504 26,504 3 11/24/10 Naples Daily News 151 151 151 4 01/04/11 Century Link 26,311 26,311 26,311 5 12/16/10 South Florida Excavation 18,009 18,009 18,009 6 02/01/11 Hole Montes 2,561 2,561 2,561 7 02/01/11 Hole Monies 16,200 16,200 16,200 8 02/01/11 Hole Monies 13,207 13,207 13,207 9 02/10/11 Benchmark FnviroAnalytical,II 1,019 1,019 1,019 10 02/17/11 Hole Montes 1,983 1,983 1,983 11 03/07/11 Hole Monies 6,250 6,250 6,250 12 03/16/11 South Florida Excavation 12,762 12,762 12,762 13 03/29/11 Cardinal Contractors 27,000 27,000 27,000 14 04/06/11 Hole Monies 13,850 13,850 13,850 15 05/05/11 South Florida Excavation 18,587 18,587 18,587 16 05/16/11 Cardinal Contractors 95,029 95,029 95,029 17 05/19/11 Hole Montes 39,565 39,565 39,565 18 06/14/11 KW Controls 1,039 1,039 1,039 19 06/14/11 Cardinal Contractors 196,572 196,572 196,572 20 07/06/11 Hole Monies 19,575 19,575 19,575 21 07/22/11 Cardinal Contractors 170,192 170,192 170,192 22 07/27/11 Hole Montes 22,325 22,325 22,325 23 08/19/11 Cardinal Contractors 156,353 156,353 156,353 24 08/30/11 Hole Montes 19,700 19,700 19,700 25 09/16/11 South Florida Excavation 6,971 6,971 6,971 26 09/16/11 South Florida Excavation 4,602 4,602 4,602 27 09/16/11 Cardinal Contractors 278,893 278,893 278,893 28 09/27/11 Michael Evans Computers 3,255 3,255 3,255 29 10/17/11 Cardinal Contractors 85,416 85,416 85,416 30 11/03/11 Hole Montes 833 833 833 31 11/03/11 Hole Montes 43,975 43,975 43,975 33 11/23/11 KW Controls 24,337 24,337 24,337 Total FY 2011 $ 1,717,261 $ 1,674,561 $ 42,700 $ 1,674,561 $ - 32 11/14/11 Cardinal Contractors $ 266,314 $ 266,314 $ - $ 266,314 34 12/15/11 South Florida Excavation 4,602 4,602 4,602 35 12/15/11 BCI Technologies 7,121 7,121 7,121 36 12/15/11 ITT Water Equipment Tech 586,767 586,767 586,767 37 12/16/11 Cardinal Contractors 647,523 647,523 647,523 38 12/30/11 Hole Montes 43,673 43,673 43,673 39 01/24/12 Hole Montes 25,610 25,610 25,610 40 01/24/12 Cardinal Contractors 174,823 174,823 174,823 41 01/30/12 KW Controls 73,011 73,011 73,011 42 02/24/12 Cardinal Contractors 240,416 240,416 240,416 43 03/15/12 Cardinal Contractors 246,740 246,740 246,740 44 04/05/12 Hole Montes 48,232 48,232 48,232 45 04/23/12 Cardinal Contractors 89,577 89.577 89,577 46 05/09/12 ITT Water Equipment Tech 30,578 30,578 30,578 47 05/16/12 Cardinal Contractors 62,629 62,629 62,629 48 05/17/12 KW Controls 12,169 12,169 12,169 49 06/12/12 Hole Montes 65,277 65,277 65,277 50 06/12/12 Severn Trent Environmental S 9,027 9,027 9,027 Report Date:3/5/2015 12 ioii A5 PORT OF THE ISLANDS Community Improvement District Construction Schedule I AMOUNT OF CAPITAL WATER TREATMENT LIFT STATION {I REQ.# DATE CONTRACTOR REQUISITION OUTLAY COI PLANT REHAB 51 06/12/12 BCI Technologies 20,000 20,000 20,000 52 06/13/12 Cardinal Contractors 207,112 207,112 207,112 53 06/29/12 Soto's Lawn Service,Inc. 19,680 19,680 19,680 54 07/18/12 Cardinal Contractors 13,633 13,633 13,633 55 07/25/12 W.E.Johnson Equipment 33,088 33,088 33,088 56 08/03/12 Hole Montes 49,982 49,982 49,982 57 09/04/12 Severn Trent Environmental S 3,045 3,045 3,045 58 09/04/12 Cardinal Contractors 195,290 195,290 195,290 59 09/19/12 Hole Montes 21,350 21,350 21,350 60 09/19/12 BCI Technologies 33,279 33,279 33,279 61 09/19/12 Cardinal Contractors 52,400 52,400 52,400 Total FY 2012 $ 3,282,946 $ 3,282,946 $ - $ 3,282,946 $ - 62 10/16/12 RMA Geological Consultants $ 5,990 $ 5,990 $ - $ 5,990 63 10/16112 Cardinal Contractors 151,859 151,859 151,859 64 11/01/12 Hole Montes 10,027 10,027 10,027 65 12/11/12 Severn Trent 48,567 48,567 48,567 66 01/09/13 RMA Geological Consultants 9,170 9,170 9,170 67 01/17/13 Hole Monies 8,138 8,138 8,138 68 01/17/13 RMA Geological Consultants 16,746 16,746 16,746 69 01/17/13 Severn Trent 1,569 1,569 1,569 70 02/05/13 Cardinal Contractors 26,705 26,705 26,705 71 02/05/13 KW Controls 12,169 12,169 12,169 72 02/05/13 Hole Mantes 2,533 2,533 2,533 73 02/21/13 KW Controls 12,169 12,169 12,169 74 04/23/13 RMA Geological Consultants 1,600 1,600 1,600 75 10/11/13 Xylem 43,747 43,747 43,747 76 02/25/14 Xylem 25,200 25,200 25,200 I Total FY 2013 $ 376,187 $ 376,187 $ - $ 376,187 $ - Total FY 2014 $ - $ - $ - $ - $ - 77 02/11/15 Fortiline $ 8,700 $ 8,700 Total FY 2015 $ 8,700 $ - $ - $ - $ 8,700 Grand Total $ 5,385,094 $ 5,333,694 $ 42,700 $ 5,333,694 $ 8,700 1 F :K>4. ..t.'k sz.T...:,.ik.w .. ,. ..,.'raY•s..l+F'. '..1^.`u.Ntiw56�i'a.43EDCc. -. ,., Interest FY 2011 Interest $ 5,744 FY 2012 Interest 2,291 FY 2013 Interest 303 FY 2014 Interest 173 FY 2015 Interest 65 $ 8,577 Report Date:3/5/2015 13 161 , 1 PORT OF THE ISLANDS Community Improvement District All Funds Capital Improvement Program-Status Report Updated thru 2/28/15 WATER PROGRAM PROJECT PAID NO. PROJECT NAME OR DESCRIPTION FY 2016 PAID IN FY INCEPTION TO FY 2016 FY 2017 FY 2018 FY 2019 PROJECT ESTIMATE"' 2015'' STATUS DATE lsi W-19 Video surveillance and monitoring $ - $ - $ - $ 10,000 $ - $ - $ - ST project W-22 Fire hydrant repair and replacement $ - $ - $ 3,090 $ - $ - $ - $ - ST project Total Water Program $ - $ - $ 3,090 $ 10,000 $ - $ - $ WASTEWATER PROGRAM ST combined WW-23 SCADA and control panel for lift stations $ 30,796 $ - $ 77,137 $ 30,796 $ 30,796 $ - $ - wA/VW-26 WW-24 MBR Membranes $ 20000 $ - $ - $ 20000 $ - $ - $ - ST WW-25 Misc.Equipment Replacement $ - $ - $ - $ - $ - $ - $ - WW-26 Replace lift station control panel $ 96,204 S 8,700 $ 8,700 $ - $ - $ - $ - Total Wastewater Program $ 147,000+ $ 8,700 $ 85,638 $ 50,796 $ 30,796 $ - S - Total Water/Sewer Fund'$ 147,000 1$ 8,700 1$ 88,927 1$ 60,796 1$ 30,7961$ -I$ NOTE In:The amounts shown in the'FY 2015 ESTIMATE'columns reflect the most recent approximation of what the District expects to spend on each project between October 1,2014 and September 30,2015. NOTE 121: The amounts shown in the'PAID IN FY 2015'column reflects project expenses incurred between October 1,2014 and September 30,2015. The total of these columns will tie to the amounts reported as'Year to Date Actual-Capital Outlay'in the corresponding monthly financial statements. NOTE 131: The'PAID INCEPTION TO DATE'columns reflect any payments made between FY 2006 and present. Report Date:3/5/2015 14 1611 A5 PORT OF THE ISLANDS Community Improvement District All Funds Capital Improvement Program-Status Report Completed Projects Project No.l I Project Name or Description Project Total'Completlonl Comments 111 Date L G-1 Collier County Zoning/Fire Station Property $ 22,324 °4 Completed in FY 2010 G-2 Sign Variance Petition-Union Road $ 42883 - 141BO Completed in FY 2011 I RI&2 IRoad resurfacing and repair IS 473,138 r-Vt0200t4Completed in FY 2007 j I-1 Irrigation&Flre Control Panel Upgrade S 54,621 .fir..:9)30120066 Completed in FY 2008 I-2 Imgation Supply Well Project $ 34,765 7,4o "e sic Completed in FY 2009 1-3 Wellfield Mechanical Upgrades S 218,732 738 ?irz Completed in FY 2009 1-4 3rd well to provide irrigation water supply $ 287,793 (li4/ :Completed in FY 2010 1-5 Wellfield SCADA $ 27,587 �yj4(1 Completed in FY 2010 1-6 Electrical Upgrades for Welfield and WWTP Generator $ 247,386 2/19 14"Completed in FY 2010 1.7 Canal PS Modifications $ 4,289 '2.1.1-14101k Completed In FY 2010 1-10 Wellhead Retrofitting $ 11,615 9/3/EOT2::Completed In FY 2012 I-11 Well Monitoring $ 16,746 4302 04 7 Completed In FY 2013 1-12 Pump Retrofitting S 10,770 9/30/20131 Completed in FY 2013 W-2 Water Treatment Plant-replace transfer pumps $ 9887 829200e,Completed in FY 2008 W-4 Water Treatment Plant-repairs to building(roof,doors,windows,painting) $ 14,050 �I 8 Completed in FY 2008 W-5 Water Treatiaent Plant-replace metal launders and walkways on softening unit&other repairs S 58,877 -f Completed In FY 2009 W-8 Water Treatment Plant-replace gaseous chew storage/feed sys(chlorine)w/liquid them(bleach) S 36,088 ,.9/30-'l' Completed in FY 2009 W-7 Water Treatment Pl ant-air condition room that houses compliance monitoring equipment S 3,901 9/3i Completed in FY 2008 W-13 Water Treatment Plant-design new WTP 5 488,844 9/30720$ Completed in FY 2011 W-14A Water Treatment Plant-New Construction $ 4,409,326 9130/2O}I Completed in FY 2014 W-14B Water Treatment Plant-Inspection of new construction $ 440,894 9/30219{3;Completed in FY 2013 W-15 Water Treatment Plant-New meter replacement program(with backfow prevention) S 257,514 9/38204 Completed in FY 2013 W-17 SCADA 5 223,093 10/1/21)08 Completed in FY 2009 W-23 Stormwater Rergion Ponds $ 110,778 0/3072011f,Completed in FY 2011/2012 W-23a Disinfection Conversion-free chlorine to chlorarnines $ 11,427 -9/30/20**Completed in FY 2009 WW-5 Wastewater Treatment Plant-two new mixers $ 18,810 `'9/302808 Completed in FY 2008 WW-8 Wastewater Treatment Plant-add second reuse pump $ 111,973 5/31/2008ii Completed in FY 2008 Wastewater Treatment Plant-replace gaseous chem storage/feed systems(chlorine and sulfur W W-10 dioxide)w/liquid cheat(bleach and sodium thiosultate) $ 36.088 9/30 Completed in FY 2009 WW-13A Reuse Storage Tank $ 585,299 4/30{,2'87]Completed in FY 2010 WW-13B Automation of reuse water system and supplemental water $ 55,358 ::!5131'/2=; Completed in FY 2010 WW-18 DynaLift MGR Membrane System s 1,112,360 9/302,k Completed in FY 2011 WW-19 Electrical service upgrades at WWTP $ 231,100 9/3. +,e-°Completed in FY 2009 WW-20 New WWTP Generator $ 110,778 ` 9/30/200w Completed in FY 2009 WW-23 SCADA and control panel for lift stations $ 77,137 9/30/2014 Completed In FY 2014 Report Date:3/5/2015 15 1611 A 5 a c u. ra 0 C 0 CD N▪ W 0) r I O. 0 N 0. 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' " '" . a ; ts = , , - lfg - k & ; ! ] ® f # | « � � la - e w e &! ® la : esce » m � e 22 ` [ ink \ k § © k / ( L > of � |] Co k IL 1. 1611 A5 PORT OF THE ISLANDS Community Improvement District All Funds Cash Flow Projections-5 Year GENERAL FUND ADOPTED PROPOSED PROPOSED PROPOSED PROPOSED FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Operating Revenues Assessments(Net) $413,373 $413,373 $413,373 $413,373 $413,373 Interest/Miscellaneous $2,153 $2,153 $2,153 $2,153 $2,153 Total Operating Revenues $415,526 $415,526 $415,526 $415,526 $416,526 Operating Expenditures Administrative $121,696 $125,347 $129,107 $132981 $136,97D Maintenance $293,830 $302,645 $311,724 $321,076 $330,708 Total Operating Expenditures $415,528 $427,992 $440,832 $454,056 $467,678 Capital Expenditures CIP Projects $0 $0 $0 $0 $0 Total Capital Expenditures $0 $0 $0 $0 $0 Estimated Ending Cash Balance WITHOUT past due assessments or FY 2315 off roll billing $ 752,308 $739,842 $714,537 $676,006 $623,854 Estimated Ending Cash Balance WITH past due assessments and FY 2015 off roll billing $ 1,076,289 $1,063,823 $1,038,518 $999,987 $947,835 WATER AND SEWER ENTERPRISE FUND ADOPTED PROPOSED PROPOSED PROPOSED PROPOSED FY 2016 FY 2016 FY 2017 FY 2018 FY 2019 Operating Revenues Assessments(Net) $1,093,920 $1,093,920 $1,093,920 $1,093,920 $1,093,920 Water/Sewer/Irrigation Revenue $245,800 $245,800 $245,800 $245,800 $245,800 Interest/Miscellaneous $285 $445 $444 $472 $532 Total Operating Revenues $1,340,005 $1,340,165 $1,340,164 $1,340,192 $1,340,253 Operating Expenditures Administrative $145,237 $145,237 $145,237 $145,237 $145,237 Maintenance $480,170 $480,170 $480,170 $480,170 $480,170 Total Operating Expenditures $625,407 $625,407 $625,407 $625,407 $625,407 Capital Expenditures CIP Projects $50,796 $60,796 $30,796 $0 $0 Total Capital Expenditures $50,796 $60,796 $30,796 $0 $0 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 Estimated Ending Cash Balance WITHOUT past due assessments or FY 2015 off roll billing $ (477,171) ($478,568) ($449,967) ($390,542) ($331,056) Estimated Ending Cash Balance WITH past due assessments and FY 2015 off roll billing $ 445,049 $443,652 $472,253 $531,678 $591,164 Report Date:3/5/2015 20 1611 A5 I I I .-1 u)(o 0 0 0 O N N U)V)0 O kD Sr OD O.1 .-I u)N OD 0 .--I CO to.-I N 0 0 0(•l u) CO N o 0 o N(\I r O 117 u) \C) N atD to . . . . . . . . . . • . . . . 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GPM not working on SCADA. Trouble shoot and found bad surge protection module,replaced module,tested flow and totalizer on metre and SCADA. Well#3 totalizer not working on meter. Tested meter,reset program and 10/13/14 STS tested totalizer to observe counter increasing. WO 94875 792.55 Service Call RO WTP- Water RO Distribution PH analyzer malfunctioning,not on SCADA. 10/13114 Water STS Trouble shoot,repaired PH analyzer,requires replaement display board. WO 94874 400.00 09/18/14 Water STS WTP Repaired leak on#1 high service pump and check valve. WO 45539 187.50 09/18/14 Water STS W WTP(MBR)Install two new 4"Butterfly Valves at MBR at W WTP. WO 45540 300.00 Call out to repair leaking backflow at plant.Excavated by hand replace fittings. Restored 09/19/14 STS area. WO 45511 375.00 2,242.55.Oct.2014 10/28/14 Water STS Repair water service at Bldg.380,2804 Stelle Maris North WO 45610 212.10 10/28/14 Water STS Repair water service at WWTP W045808 138.00 Install new 3/4"backflow at 330 Stella Maris South.Test and recertified. WO 45006 175.00 11/3/14 Water STS Service call at WTP. Plant surge device malfunctioned and exploded.Troubleshoot and found Lizard shorted out main board and blew door off unit. Further Inspection found installatin questionable. Recommend correcting installation with replacement. Further reserch found existing not under warranty. Met with TVSS Engineer and he inspected and 11/17/14 Sewer STS recommended replacement. WO 94881 400.00 Service call at WTP. Trouble-shoot analyzed. Replaced malfunctioning analyzer with old 11/24/2014 Water STS one from high service pump room,following bench repair and testing. WO 94876 700.00 Service call at WTP. Chlorine analyzer sample line plugged and unable to provide efficient 11/24/14 Water STS flow for correct samples. Disasemble,unplug and replum with new parts. WO 94882 600.00 2,225.10 Nov.2014 4,467.65 Nov.YTD Tech rfeplaced one pull station and one strobe in the sample room that was damaged on 10/30/14 Tyco:the Simplex 4008 System. Tech also repaired a ground fault on the Annunciator. Inv.80695876 816.86 11/07/14 Water STS Assist operators with replacing the sewer influent edrum scsreen gears and chain WA 94888 400.00 11/12/14 HD Sr EDCO PC6422C-036 Surge Suppression Nonstock Product Inv.3E38380582 337.43 Emergency call out to spray paint area to inspect water main break. Excavte with trackhoe and repair main break on Newport Dive between Morningstar and Eveningstar. Restored 11/03/14 Water STS area to its origianl form with floratam sod. WO 45615 2,562.50 Service call at Master Lift Station. Level control missing on SCADA,alarming ULC failure. Found ULC OK but PLC module failure. Replaced module and sent defective module in for 11/25/14 Water STS repair and evaluation. WO 94879 804.80 Service call at Master Lift Station Controlf. PLC module failure. Replaced module and sent 12/04/14 Sewer STS faulty one in for warranty repair WO 94892 200.00 Final P01 Rebate Jan 2015 3520 Maintenance 67230 29 5 Severn Trent Environmental Services Port of the Islands Repair and Maintenance Budget Applied against budget account,copies of invoices available upon request Cap$15,000 Contract Oct 2014-Sept.2015 Inv.Date Service Mor Description Invoice* Invoice$ Month At 194-206 Newport Drive excavated and repaired 2 1/2"irrigation line inside 4"casing 12/05/14 Irrigation STS pipe. Install 2"valve and restore area. WO 45671 2,396.50 At 154 Newport Dr,Building at 25080 Orchid Cove,and Building at 25084 Peacock Lane 12/18/14 Water STS inspected all backflows and repaired the ones that were leaking. WO 45696 314.85 7,832.94 Dec.2014 12,300.59 Dec.YTD At 109 Morningstar Cay,326 Stella Maris South and 330 Stella Mris South rebuilt,tested 01/16/15 Water STS and recertified backflows WO 45718 393.50 At 380 Stella Naris N Unit 2605 rebuilt backflow on customers side. At 154 Newport Drive cleaned Backflow 3570091 and#1 check valve and checked operations. At 333 Sunrise 01/15/15 Water STS Cay Unit 3 cleaned#1 check valve and placed on line. WO 45734 366.00 759.50 Jan-15 13,060.09 Jan.YTO Final POI Rebate Jan 2015 3520 Maintenance 67230 30 loll A5 Severn Trent environmental Services Port of the Islands Chemical Budget Applied against budget account,copies of levoices available upon request Cap$2,000.00 first year Contract:Oct 2314-Sept.2015 Inv.Date Service Vendor Description Invoke9 Invoice 6 Month • 09/22/14 DUMONT HYPOCHLORITE SOLUTIONS 321242 133.50 09/22/14 DUMONT HYPOCHLORITE SOLUTIONS 321243 54.00 08/25/14 OUMONT HYPOCHLORITE SOLUTIONS 318985 147.00 10/08/14 DUMONT HYPOCHLORITE SOLUTIONS 322400 155.25 10/20/14 OUMONT HYPOCHLORITE SOLUTIONS 323847 135.00 10/20/14 OUMONT HYPOCHLORITE SOLUTIONS,SODIUM HYUDROXIDE 323846 224.50 54825 Oct Total 11/03/14 DUMONT I-YPOCHLORITE SOLUTIONS.SODIUM HYDROXIDE 325052 514.75 11/03/14 DUMONT HYPCHLORITE SOLUTIONS 325053 101 25 11/17/14 DUMONT HYPOCHLORITE SOLUTIONS 326288 14800 11/17/14 DUMONT HYPOCHLORITE SOLUTIONS 328207 88.00 930.60 Nov Total 1,679.75 YTD Total 12/09/14 DUMONT HYPOCHLORITE SOLUTIONS,SODIUM HYDROXIDE 328587 315.00 12/09114 DUMONT HYPOCHLORITE SOLUTIONS 328593 202.50 517.50 Dec Total 2,197.25 YTD Total 12/29/14 DUMONT HYPOCHLORITE SOLUTIONS,SODIUM HYDROXIDE,DUMONT AS4000.PAWC A 102 PLUS 329191 1.248.25 OSMOSIS 12/29/14 DUMONT I-WPOCHLORITE SOLUTIONS 329192 135.00 01112/15 DUMONT 14YPOCHLOLRITE SOLUTIONS,SODIUM HYDROXIDE 330541 855.20 01/28/15 DUMONT HYPOCHLORITE SOLUTIONS 331832 136.00 01/28/15 DUMONT HYPOCHLORITE SOLUTIONS 331831 357.00 01/12/15 DUMONT HYPOCHLORITE SOLUTIONS 330542 175.53 2,705.95 Jan Total 4,903.20 YTD Total Final POI Rebate Jan 2015 3520 Chemical 64300 31 Port of the Islands-Water Report 1 6 I 1 A 5 February 2015 POTABLE WATER 3.5 3 2.5 2 _ ___. t----. ---_,----,-,1 ---,-.----_, z....___, •-• ,...-."..1 r----....,..: ........-. 1.5 '-',.-'=--4 -, =--t----- :,..F..... ...., ,.-,-,m ---... .-. - ....----F.- .==s e,==e=.-_.e __ _____ ---- ------....,-., 1 - -- -... .-.4 L------7-7-f-'9 ---, -_-. ...----,-4 --......-.....e - .1 : .-`,---, ...........1...... :.--,--...'-'-- __... 0.5 ...--=,r-ir--- 34% 40%=r------"'="2..r----36%...---..-..2 32%==iiiii#4 30%=RIMS 31%.^.....,,,,,,,rrn ---,,-,--.....,,Ina 7.7.:.---,■-t._... ''''' '':'-'t.-'.-.- r-----::_,:-&-...iff-i --,----, -x .... ...13% ,,,,E,,,. Jul-14 Aug-14 Sep 14 Oct 14 Nov 14 Dec-14 Jan-15 Feb-15 v.t=1 Produced Billed -toss(percentage of production) Potable Water Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Produced 1.72 1.587 1.627 1.777 2.097 2.185 2.875 2.461 Billed 1.08 1.052 0.969 1.142 1.434 1.533 1.98 2.143 Loss(gallons in millions) 0.64 0.535 0.658 0.635 0.663 0.652 0.895 0.318 Loss(percentage of production) 37% 34% 40% 36% 32% 30% 31% 13% IRMGATION WATER 10 9 .,-----,./ 8 it=---:--, _..., ,----.4 ,.= @:,,- ------, :=--•f---7-n , 6 GL--,..1 ■=...L.,,,-...,..- ,.:............. ‘..,,,,.... "..........” ,...-r_,,-------4 ...=,....=-.... -=.... _ 4 7,......._ =....„,.. :=,..... .......--, 3 -..-::.........4 vItaxacs a* a7=.2 ;m _ __,.. 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DlOcs dO iii -o 7 E V 420 a°o cc Ali 19 c Oc, al mob w - Or, 6 °� r 10� v 610 G' c'7 '� In aloe P� C) d-0,.,d C gs, 9— 3 °td o 4-7 o Fr°c a tuo 4' vi. 0 if , 0„ ..., _ Floc'$ I. - F10�0y v c�10 6>e,G7i, I - Fl �S 0 F1�4y - O,, - c>. 0/i. _ t10�°2 1 (l0 '0 a 210c'dsr o o oo °o, o 0 0 0 0 0 a a 0b O Q1 co I-: l0 L!1 4 M N .-i o ynuo j.ad suope9 uoliim 1 E 17o 7.015 By� MINUTES OF MEETING PORT OF THE ISLANDS COMMUNITY IMPROVEMENT DISTRICT The regular meeting of the Board of Supervisors of the Port of the Islands Community Improvement District was held Friday, March 20, 2015 at 10:00 a.m. at the Orchid Cove Clubhouse;25005 Peacock Lane;Naples,Florida. Present and constituting a quorum were: J.Anthony Davis Chairman Norine Dillon Vice Chairperson Theodore Bissell Assistant Secretary Dale Lambert Assistant Secretary Richard Ziko Assistant Secretary Also present were: Calvin Teague District Manager Daniel Cox District Counsel Ronald Benson District Engineer Robert Dick Severn Trent Operating Services Robert Soto Soto's Lawn Service Numerous Residents The following is a summary of the discussions and actions taken at the March 20, 201.5 Port of the Islands Community Improvement District's Board of Supervisors Meeting. FIRST ORDER OF BUSINESS Call to Order and Roll Call Mr.Davis called the meeting to order; Mr.Teague called the roll. SECOND ORDER OF BUSINESS Approval of the Minutes of the February 20,2015 Meeting Mr. Davis stated each Board member received a copy of the Minutes of the February 20, 2015 Meeting;and requested any additions,corrections or deletions. There not being any, Wednesday,4/1/15 loll A5 March 20,2015 Port of the Islands CID On MOTION by Mrs. Dillon seconded by Mr. Bissell with all in favor,the Minutes of the February 20,2015 Meeting were approved. THIRD ORDER OF BUSINESS Public Comment on Agenda Items Hearing no comments from the public,the next order of business followed. FOURTH ORDER OF BUSINESS Old Business A. Review of Landscape Maintenance Performance Mr. Robert Soto made a presentation to the Board. • There are multiple issues with the irrigation on Newport Drive. There is currently no power to the new meter. Someone stole the timer from the marina side,which was just replaced one year ago and would be covered by insurance, and should be reported to the Sheriff. There was a main line break at the entrance of Newport Drive. A repair needs to be made to the asphalt. Mr. Soto will work on this area commencing Monday. On MOTION by Mr.Ziko seconded by Mr.Bissell with all in favor, Mr. Robert Soto of Soto's Lawn Service was authorized to repair two irrigation locations,as discussed. • Meter timers also need to be repaired. The Oak Trees have been breaking the main lines. Mr. Ziko MOVED to authorize Mr. Robert Soto of Soto's Lawn Service to do boring to repair meter timers in the estimated amount of$750; and Mr.Bissell seconded the motion. • Mr. Soto will keep the Board updated as to the exact cost. There being no further discussion, On VOICE vote with all in favor,the prior motion was approved. e • The washout was repaired. • Mr. Soto will put together the estimate for Newport;will start working on the main line and will keep the Board updated regarding the asphalt repairs. 2 Wednesday,4/1/15 1611 A 5 March 20,2015 Port of the Islands CID • Mr. Soto will get estimates for lighting including the lights at the entrance. • The new plantings have taken hold. • The Crepe Myrtle on U.S.41 will be trimmed. • The wet check on Cays Drive has been done and the grasses to the Gun Club will be trimmed prior to onset of the rainy season. • The Board requested a proposal for the extension of irrigation to the Union Road entrance. • The Board requested that Soto provide an estimate for wiring new light fixtures at the entrances of both Cays and Newport Drives. FIFTH ORDER OF BUSINESS New Business A. Discussion of Broken Plant Pot • Mr. Soto still has the plant. • The Board concurred not to replace the pot and place the plant in another area. FOURTH ORDER OF BUSINESS Old Business(Continued) A. Review of Landscape Maintenance Performance(Continued) • The Board would like the report at least three to four days prior to the meeting;Mr. Soto will e-mail it with more detail. • Mr. Soto should attend the Board meeting every month unless there are no issues. B. Discussion of Tablets for Supervisor Business • Mr. Teague presented price comparisons; a copy of which is attached hereto and made part of the public record. • The Board discussed differences between the Microsoft Surface 2 and the Apple IPad Air, and whether or not the Board is actually interested in proceeding at this time. • This item will be tabled for the time being due to the fact the Board does not want to spend the money now. ELEVENTH ORDER OF BUSINESS Public Comment Period • Mr. Jack Crey commented the Stella Maris HOA is willing to clean both entrance monuments on Cays Drive. Mr.Dan Truckee spoke to Mr. Edge about this. They are requesting installation of a spicket on Cays Drive in order to accomplish this. A riser may be run from the sprinklers. 3 Wednesday,4/1/15 161 . 1 A5 March 20, 2015 Port of the Islands CID SIXTH ORDER OF BUSINESS District Manager's Report A. Approval of the February 28,2015 Financial Statements and Check Register Mr. "Teague presented the February 28, 2015 Financial Statements and Check Register for the Board's review and approval;copies of which are attached hereto and made part of the public record. • The bank statement will improve once all monies are paid. • $1,000 was deposited into a new money market account since staff got a better rate. • A draft Budget has been completed and will be available for discussion at the next meeting. Mr. Bissell MOVED to approve the February 28, 2015 Financial Statements and Check Register. • $19,000 was allocated for road improvements. Mrs. Dillon SECONDED the prior motion. There being no further discussion, On VOICE vote with all in favor, the February 28, 2015 Financial Statements and Check Register were approved. B. Discussion of Follow-Up Items • Mrs. Dillon reminded Mr. Teague to update the website. SEVENTH ORDER OF BUSINESS Field Manager's Report A. Discussion of March 2015 Field Manager's Report • All compliance issues have been met. • A new electrical panel was installed on Lift Station#4 on Cays Drive. • A representative from Pollution Control conducted an inspection and staff does not expect a negative report. • Mr. Edge removed some roadway signs. • Irrigation was reduced based on calculations. The Board held a discussion regarding the water loss report. 4 Wednesday,4/1/15 1611 A5 March 20,2015 Port of the Islands CID • Severn Trent staff initiated the contract extension renewal for operating services. The Board concurred that Mr. Davis will serve as the liaison. Mr. Cox should be kept in the loop. A draft will be e-mailed to the Board for comments; after which it will be redlined with the Board's comments. • Two Stop Signs were approved when the striping was done and are needed on Sunset Cay, as the old ones are faded. This will be addressed when Mr. Edge returns. This does not need to be presented to the Board for approval,as Mr. Edge has spending authority since the cost is minimal. B. Signage in Right-of-Way • The work is complete. EIGHTH ORDER OF BUSINESS Attorney's Report • Mr. Cox commented the zoning of the C-4 District does not permit outside storage of equipment or merchandise unless associated with an on-site commercial activity. The C-5 District does allow this. A. Update on North Hotel Foreclosure Proceedings • There was a Hearing last Friday in which multiple motions were filed. • Mrs.Motwani indicated that no one can get a deficiency judgment against her even though she signed the documents. This will not delay the motion to set a foreclosure hearing. • The hearing on the remaining counts will be scheduled. Details will be discussed at the next meeting during the Attorney/Client Session. • The CID may file for a delinquent tax foreclosure on the Holecek property after April 1, 2016, but until that time the CID will assess 1% interest charges on a monthly basis. Repair of the Orchid Cove drainage cap on the inlet was addressed. • The CID is responsible for maintenance of the inlets and drainage system. • Mr. Benson discussed this matter. • The CID is responsible for renewal of the asphalt when it needs to be done. • According to Mr.Cox,the CID has a Quit Claim Deed to Stella Maris North,as the CID accepted responsibility for this,but does not own it. • Orchid Cove staff will be responsible to replace the broken drainage cap. 5 Wednesday,4/1/15 1611 a 5 March 20,2015 Port of the Islands CID NINTH ORDER OF BUSINESS Engineer's Report • Mr. Benson received a request from the SFWMD to assist with their plan to update the Lower West Coast Water Supply Plan. They are looking for feedback, which Mr. Benson provided. • The CID may be eligible to receive a York Award for reuse water. • Mr. Benson presented the Water Resource Summary Report; a copy of which is attached hereto and made part of the public record. • The Manatee Mitigation Project conducted by SFWMD will commence in April. It is important that someone from the CID take date and time stamped photos of the sea wall and other surrounding areas. TENTH ORDER OF BUSINESS Supervisors' Requests Hearing no requests from Supervisors,the next order of business followed. ELEVENTH ORDER OF BUSINESS Public Comment Period (Continued) • Ms. Kungle commented on signage for towing. TWELFTH ORDER OF BUSINESS Adjournment There being no further business, On MOTION by Mr. Bissell seconded by Mrs. Dillon with all in favor,the meeting was adjourned at 12:51 p.m..7 i -- Calvin Teag .An -ony Davis Secretary .. 6 Wednesday,4/1/15 � 61i1 A5 Port of the Islands Community Improvement District Board of Supervisors J.Anthony Davis,Chairman Calvin Teague,District Manager Norine Dillon,Vice Chairperson Daniel Cox,District Counsel Dale Lambert,Assistant Secretary Ronald Benson,District Engineer Theodore Bissell,Assistant Secretary Richard Ziko,Assistant Secretary Regular Meeting Agenda Friday,April 17,2015— 10:00 a.m. o �g�o 1. Call to Order and Roll Call Jv f °g 2. Approval of the Minutes of the March 20,2015 Meeting , 3. Public Comment on Agenda Items Sy 4. Old Business A. Review of Landscape Maintenance Performance i. Union Road Irrigation Extension ii. Entrance Lighting Fixtures 5. New Business A. Update on POI CID Website 6. District Manager's Report A. Approval of the March 31,2015 Financial Statements and Check Register B. Acceptance of the Fiscal Year 2014 Audit C. Discussion of Fiscal Year 2016 Budget D. Discussion of Follow-Up Items 7. Field Manager's Report A. Discussion of April 2015 Field Manager's Report B. Consideration to Paint Monuments 8. Attorney's Report A. Update on Hotel Bankruptcy Lawsuit 9. Engineer's Report 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,May 15,2015 at 10:00 a.m. District Office: Meeting Location: Severn Trent Services,Inc. Orchid Cove Clubhouse 5911 Country Iakes Drive 25005 Peacock Lane Fort Myers,Florida 33905 Naples,Florida 341 14 239-245-7118 http://poicid.corn/ 239-430-0806 • 1 61 1 45 1 ,•0 • j'Yr. we" -&(4-, C and S Irrigation Services,Inc Date Estimate# Cand S �� .v4,', ,`, ., 2830 35th Ave.NE 04/16/2015 1663 �• Naples„FL 34120 Irrigation Services, LLC �� Exp:'Date " o ferii6 (239)354.1080 Isla @sotolawn.com Address Port of the Islands CID cdd 210 University Drive#702 Coral Springs,FL 33071 Description Quantity Rate Amount • Part 1 Orchid Cove at Union Rd middle Island(2 zones) • 6 inch Pop up 70 12.25 857.50 • 1/2 Elbow 150 0.75 112.50 • Rollof funny pipe 1 37.50 37.50 • Nozzles 70 3.00 210.00 • 1'x 1/2 Elbow 4 3.00 12.00 • 1 by 1/2 inch Tee 18 2.07 37.26 • 1 1/4 x 1/2 28 1.64 45.92 • 11/2 x 1/2 inch Tee 20 4.91 98.20 • 1/2 Tee 5 0.61 3.05 • 2 inch Elbow 6 3.50 21.00 • 2 inch Valve 2 150.00 300.00 • 2 Inch PVC Ball-Valve 2 25.00 50.00 • 2 inch Tee 2 3.59 7.18 • 2 inch Slip Flix 1 18.63 18.63 • 12 inch valve box. 2 61.45 122.90 • 2 inch Male Adapter 4 3.00 12.00 • 2 inch Pvc Pipe 200 0.96 192.00 • 11/2 Pvc Pipe 200 0.75 150.00 • 11/4 Pvc Pipe 400 0.70 280.00 • 1 inch PVC Pipe 400 0.55 220.00 • 11/4 Bushing SS 4 L24 4.96 • 11/2 x 11/4 Bushing SS 6 1.31 7.86 • 2 x 1 1\2 Bushing SS 4 2.18 8.72 • Technician& assistant 16 95.00 1,520.00 ; ALL ESTIMATES MUST BE SIGNED AND Total! $4,32918; RETURNED PRIOR TO START OF WORK Accepted By Accepted Date 1611 A5 raP' } , , pr1" C and S Irrigation Services,Inc Date' Estimate# Cand S w' /�� 1 2830 35th Ave.NE 04/16/2015 1664 �" Naples„FL 34120 Irrigation Services, LLC �,s Exp.Date "; vd,Yn/►hwY (239)354-1080 lila @sotolawn.com Address Port of the Islands CID cdd 210 University Drive#702 Coral Springs, FL 33071 Description Quantity Rate Amount • Part 2 Orchid Cove at Union Rd right side of entrance(will only cover 15'for rd.)rotors • Rotor Head 30 30.00 900.00 • 3/4 Elbow 60 0.75 45.00 • 1'x 1/2 Elbow 2 3.00 6.00 • 1x1/2 Tee 5 2.47 12.35 • 11/4 x 1/2 13 1.64 21.32 • 11/2 x 1,/2 inch Tee 13 4.91 63.83 • 11/2 Tee SSS 2 2.47 4.94 • 1 Inch Tee 2 1.30 2.60 • 2 inch 1/2 Tee 5 11.84 59.20 • 2 Inch Valve 1 150.00 150.00 • 2 Inch PVC Ball-Valve 1. 25.00 25.00 • 12 inch valve box. 1 61.45 61.45 • 2 inch Male Adapter 2 3.00 6.00 ` • 2 inch Slip Flix 1 18.63 18.63 • 2 inch Pvc Pipe 100 0.96 96.00 • 11/2 Pvc Pipe 150 0.75 112.50 • 11/4 Pvc Pipe 200 0.70 140.00 • 1 inch PVC Pipe 260 0.55 143.00 • Rollof funny pipe 1 37.50 37.50 • 2 inch Elbow 3 3.50 10.50 • 2 x 1.1\2 Bushing SS 3 2.18 6.54 • 11/2 x 11/4 Bushing SS 2 1.31 2.62 • 11/4 Bushing SS 3 1.24 3.72 • Technician& assistant 13 95.00 1,235.00 ALL ESTIMATES MUST BE SIGNED AND Total $3,163.701 RETURNED PRIOR TO START OF WORK Accepted By Accepted Date 1611 q 5 . , .,,,,„ r4' C and S Irrigation Services,Inc Date Estimate# C and S ',' "t3:' ,`J 2830 35th Ave.NE .kl..' l Naples„FL 34120 04/16/2015 1665 Irrigation Services, LLC 1 �y jv r xp,Date 4, fret iapl (239)3541080 lila @sotolawn.com Address Port of the Islands CID cdd 210 University Drive#702 Coral Springs, FL 33071 Description; , Quantity Rate ; Amount • Part 3 Orchid Cove far right side close to lake)rotor • Rotor Head 25 30.00 750.00 • 3/4 Elbow 50 0.75 37.50 • Rollof funny pipe 1 37.50 37.50 • 1'x 1/2 Elbow 2 3.00 6.00 • 1 by 1/2 inch Tee 5 2.07 10.35 • 11/4 x 1,/2 10 1.64 16.40 • 11/2 x 1,/2 inch Tee 10 4.91 49.10 • 2 inch Elbow 4 3.50 14.00 • 2 inch Pvc Pipe 100 0.96 96.00 • 11,/2 Pvc Pipe 200 0.75 150.00 • 11/4 Pvc Pipe 100 0.70 70.00 • 1 inch PVC Pipe 100 0.55 55.00 • 2 inch Valve 1 150.00 150.00 • 2 Inch PVC Ball-Valve 1 25.00 25.00 • 12 inch valve box. 1 61.45 61.45 • 2 inch Male Adapter 2 3.00 6.00 • 2 inch Slip Flix 1 18.63 18.63 • Technician& assistant 11 95.00 1,045.00 ALL ESTIMATES MUST BE SIGNED AND Total] $2,59793 RETURNED PRIOR TO START OF WORK Accepted By Accepted Date 161 1 A g C and S Irrigation Services Inc Date Estimate# C and S , . '`}fir �� 2830 35th Ave.NE Argirkk„(� <,t ` Naples„FL 34120 04/16/2015 1666 Irrigation Services, LLC � �,�,� Exp.Data firOT A' (239)354-1080 lila @sotolawn.com Address Port of the Islands CID cdd 210 University Drive#702 Coral Springs,FL 33071 Description Quantity Rate Amount • At Orchid Cove(must add with Part 1, part 2 or part 3) • 18.8 Wire 260 0.40; 104.00 • 6 Station-Module 1 102.00 102.00 ALL ESTIMATES MUST BE SIGNED AND Total $206.001 RETURNED PRIOR TO START OF WORK Accepted By Accepted Date 1 6 I 1 A5 lelk . .; , . . . , , ., , , .• , -0 g 0 V 44— ,,,... t 4, 0 ■••• cl. ,r11 4— It 01 -CI ,.* A a, c & 4 I' ''t' '' .i ,,,,,,— ii,t _,J..4!,,A - ,-ii.,' -. ift' .t - .. .3' 7 si ';" a, r° 'E 4 or IN.4-4 ,, c .... E .+..,V __,-..,, 0 0, '11 6: , . .. -.: ,,,, '1 4 ■ • .rtl. 4 0 _ „,..- •E z„,, ,T, I -..„- ,,,„, ,... 4., 41 ; . ,,. - r. %t'' r . , '' ' , .,... , ■'-:.e.' 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October 17,2014• nr Nowemiser 21,2014 &teal December 19,2014.Wad January 1 fF,2015- February 20,x015• March 20,2015,Agenda April 117,2015•Agent(; May 15,2015 June 19,2015 Jutyr17, 2015 August 21,2015 September 1E,2015 There may be occasions when one or Supervisors will be participating by telephone.At the above locations there will be present a speaker telephone so that any interested party can attend the meeting and be fully informed of the discussions taking place. Any person requiring special accommodations at any of these meetings because of disability or physical impairment should contact the District Office at 1954)753-5E41 at least twat?) calendar days prior to the meeting. 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' 1611 A5 Agenda Page 19 Port of the Islands Community Improvement District Financial Report March 31,2015 Prepared by SEVERN TRENT SERV IC LS 161 1 45 Agenda Page 20 PORT OF THE ISLANDS Community Improvement District Table of Contents FINANCIAL STATEMENTS Balance Sheet-All Funds Page 1 -2 General Fund Statement of Revenues,Expenditures and Changes in Fund Balance............... Page 3 Trend Report Page 4 Enterprise Fund Statement of Revenues,Expenditures and Changes in Fund Balance............... Page 5-6 Trend Report Page 7 SUPPORTING SCHEDULES Check Register ..... Page 8-9 Special Assessments-Collection Schedule Page 10 Construction Schedule Page 11 -13 CIP Status Report Page 14-15 Cash Flow Projections Page 16-17 Cash Flow Projections-5 year Page 18 Monthly Activity Report Page 19-24 Accounts Receivable Ageing Report(90+days outstanding).......................................... Page 25-26 Repair and Maintenance Detail Reports Page 27-29 161 1` Agenda Page 21 Port of the Islands Community Improvement District Financial Statements (Unaudited) March 31, 2015 161 1 A5 PORT OF THE ISLANDS Agenda Page 22 Community Improvement District Governmental and Enterprise Funds Balance Sheet March 31,2015 GENERAL WATER AND ACCOUNT DESCRIPTION FUND SEWER FUND TOTAL ASSETS Current Assets Cash-Checking Account $ 425,241 $ 256,229 $ 681,470 Accounts Receivable 884 - 884 Assessments Receivable 231,351 635,492 866,843 Allow-Doubtful Collections (231,351) (635,492) (866,843) Due From Other Funds - 29,965 29,965 Investments: Money Market Account 571,419 6,766 578,185 Construction Fund - 108,420 108,420 Prepaid Items 2,036 2,038 4,072 Total Current Assets 999,580 403,416 1,402,996 Noncurrent Assets Fixed Assets Land - 293,061 293,061 Infrastructure - 15,321,761 15,321,761 Accum Depr-Infrastructure - (4,543,538) (4.543,538) Equipment and Fum,lure - 327,167 327,167 Accum Depr-Equip/Furniture - (101,000) (101,000) Construction Work In Process - 3,090 3,090 Total Noncurrent Assets - 11,300,541 11,300,541 TOTAL ASSETS $ 999,580 $11,703,957 $12,703,5371 LIABILITIES Current Liabilities Accounts Payable $ 3,593 $ 4,534 $ 8,127 Accrued Expenses 900 900 1,800 Deposits - 34,300 34,300 Other Current Liabilities - 6,064 6,064 Revenue Bonds Payable-Current - 532,827 532,827 Due To Other Funds 29,965 - 29,985 Total Current Liabilities 34,458 578,625 613,083 Long-Term Liabilities Revenue Bonds Payable-LT - 2,958,145 2,958,145 Total Long-Term Liabilities - 2,958,145 2,958,145 'TOTAL LIABILITIES 34,458 3,536,770 ,3,571,2281 Report Date:4/2/2015 1 1611 A 5 PORT OF THE ISLANDS Agenda Page 23 Community Improvement District Governmental and Enterprise Funds Balance Sheet March 31,2015 GENERAL WATER AND ACCOUNT DESCRIPTION FUND SEWER FUND TOTAL FUND BALANCES/NET ASSETS Fund Balances Nonspendable: Prepaid Items 2,036 - 2,036 Assigned to: Operating Reserves 103,881 - 103,881 Unassigned: 859,205 - 859,205 Wet Assets Invested in capital assets, net of related debt 7,809,570 7,809570 Unrestricted/Unreserved - 357,617 357517 (TOTAL FUND BALANCES/NET ASSETS $ 965,122 $ 8,167,187 $ 9,132,3091 [TOTAL LIABILITIES&FUND BALANCES!NET ASSETS $ 999,580 $11,703,957 $12,703,537j Report Date:4/2/2015 2 161141 PORT OF THE ISLANDS Agenda Page 24 Community Improvement District General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending March 31,2015 YTD ACTUAL AMENDED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF MAR-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) AMENDED BUD ACTUAL REVENUES Interest Investments $ 2,153 $ 1,076 $ 684 $ (192) 41.06% $ 78 Interest-Tax Collector _ - 22 22 0.00% - Special Assmnts-Tax Collector 430,597 358,831 306,086 (52,745) 71.08% 46,587 Special Assmnts-Discounts (17,224) (14,355) (9,818) 4,537 57.00% - Other Miscellaneous Revenues 1,870 1,870 0.00% - ITOTAL REVENUES 415,526 345,552 299,044 (46,508) 71.97% 46,665 EXPENDITURES Administration P/R-Board of Supervisors 7,000 3,500 2,900 600 41.43% 500 FICA Taxes 536 268 222 46 41.42% 38 ProfServ-Engineering 26,000 13,000 4,628 8,372 17.80% 817 ProfServ-Legal Services 14,000 7,000 6,000 1,000 42.86% 341 ProfServ-Mgm1 Consulting Sery 30,092 15,046 15,046 - 50.00% 2,508 ProfServ-Property Appraiser 6,459 6,459 6,460 (1) 100.02% - ProfServ-Special Assessment 9,806 9,806 9,806 - 100.00% - Auditing Services 3,500 3,500 - 3,500 0.00% - Postage and Freight 1,200 800 159 441 13.25% 12 Rental-Meeting Room 350 175 150 25 42.86% 25 Insurance-General Liability 8,786 4,393 4,072 321 46.35% - Printing and Binding 1,300 650 143 507 11.00% 18 Legal Advertising 1,000 500 162 338 16.20% - Miscellaneous Services 1,380 690 338 352 24.49% 45 Misc-Assessmnt Collection Cost 8,612 7,177 4,994 2,183 5799% Misc-Web Hosting 1,000 500 425 75 42.50% 71 Office Supplies 500 250 14 236 2.80% 14 Annual District Filing Fee 175 175 175 - 100.00% - Total Administration 121,696 73,689 55,694 17,995 45.76% 4,389 Field Contracts-Mgmt Services 100,000 50,000 50,000 - 50.00% 8,333 Contracts-Landscape 82,830 41,415 41,415 - 50.00% 6,902 Electricity-Streetiighting 19,000 9,500 7,437 2,063 39.14% 1,094 Utility-Irrigation 17,000 8,502 7,644 858 44.96% 1,395 R&M-Renewal and Replacement 70,000 35,000 840 34,160 1.20% R&M-Roads&Alleyways 4,000 2,000 19,000 (17,000) 475.00% - R&M-Signage 1,000 500 84 416 8.40% 84 Total Field 293,830 146,917 126,420 20,497 43.02% 17,808 TOTAL EXPENDITURES 415,526 220,606 182,114 38,492 43.83% 22,197 Excess(deficiency)of revenues Over(under)expenditures - 124,946 116,930 (8,016) 0.00% 24,468 Net change in fund balance $ - $ 124,946 $ 116,930 $ (8,016) 0.00% $ 24,468 FUND BALANCE,BEGINNING(OCT 1,2014) 848,192 848,192 848,192 FUND BALANCE,ENDING $ B48,192 $ 973,138 $ 985,122 Report Date:4/2/2015 3 1 A 161 5 PORT OF THE ISLANDS Agenda Page 25 Community Improvement District Trend Report-General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending March 31,2015 I TOTAL Oct Nov Dec Jan Feb Mar Actual Thru Adopted Account Description Actual Actual Actual Actual Actual Actual 313112015 Budget Revenues Interest-Investments $ 163 $ 134 $ 138 $ 185 $ 208 $ 78 $ 884 $ 2,153 Special Assmnts-Tax Collector 3,831 116,349 110,898 19,827 8,593 46,587 306086 430,597 Special Assmnts-Discounts (201) (4,647) (4,314) (528) (128) - (9,818) (17,224) Total Revenues 3,793 111,836 108,590 19,464 8,895 46,685 299,044 415,526 Expenditures Administrative P/R-Board of Supervisors 400 600 500 500 400 500 2,900 7,000 FICA Taxes 31 46 38 38 31 38 222 536 ProfServ-Engineering - 1,500 419 1,536 356 817 4,628 26,000 ProtServ-Legal Services - 2,213 48 2690 709 341 6,000 14,000 ProfServ-Mgmt Consulting Sery 2,508 2,508 2,508 2,508 2,508 2,508 15,046 30,092 ProfServ-Property Appraiser 4,758 - - 1,702 - 6,460 6,459 ProfServ-Special Assessment - - 9,806 - - 9,806 9,806 Postage and Freight 12 83 31 7 13 12 159 1,200 Rental-Meeting Room 25 25 25 25 25 25 150 350 Insurance-General Liability 2,036 - - 2,036 - 4,072 8,786 Printing and Binding 31 - 52 25 17 18 143 1,300 Legal Advertising 162 - - - 162 1,000 Miscellaneous Services 122 83 72 1 16 45 338 1,380 Misc-Assessmnt Collection Cost 73 2,234 2,132 386 169 - 4,984 8,612 Misc-Web Hosting 71 71 71 71 71 71 425 1,000 Office Supplies - - - - - 14 14 500 Annual District Filing Fee 175 - - - - - 175 175 Total Administrative 10,404 9,363 15,702 9,823 6,017 4,389 55,694 121,696 Ea Contracts-Mgml Services 8,333 8,333 8,333 8,333 8,333 8,333 50,000 100,000 Contracts-Landscape 6,902 6,902 6,902 6,902 6,902 6,902 41,415 82,830 Electricity-Streetlighting 1,272 1,273 1,273 1,263 1,262 1,094 7,437 19,000 Utility-Irrigation 1,205 1,156 917 1,552 1,419 1,395 7,644 17,000 R&M Renewal and Replacement 350 (360) 850 - - 840 70,000 R&M Roads&Alleyways - - - 19,000 - 19,000 4,000 R&M-Signage - - •- - 84 84 1,000 Total Field 18,062 17,664 17,065 18,900 36,916 17,808 126,420 293,830 Total Expenditures 28,466 27,027 32,767 28,723 42,933 22,197 182,114 415,526 Excess(deficiency)of revenues Over(under)expenditures $ (24,673) $ 84,809 $ 75,823 $ (9,259) $ (34,238) $ 24,468 116,930 - FUND BALANCE,BEGINNING(OCT 1,2014) 848,192 648,192 FUND BALANCE,ENDING $ 965,122 $ 848,192 Report Date:4/2/2015 4 161 1 a 5 PORT OF THE ISLANDS Agenda Page 26 Community Improvement District Water And Sewer Fund Statement of Revenues,Expenses and Changes In Net Assets For the Period Ending March 31,2015 YTO ACTUAL AMENDED YEAR TO DATE YEAR TO DATE VARIANCE(S) AS A%OF MAR-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) AMENDED BUD ACTUAL OPERATING REVENUES Interest-Investments $ 285 $ 143 $ 74 $ (69) 25.96% $ - Water Revenue 53,700 26,850 26,492 (358) 49.33% 5,279 Sewer Revenue 81,200 40,600 38,430 (2,170) 47.33% 7,912 Irrigation Fees 110,900 55,450 54,431 (1,019) 49.08% 10,198 Special Assmnts-Tax Collector 1,139,500 949,583 770,301 (179,282) 67.60% 117,242 Special Assmnts-Discounts (45,580) (37,983) (24,707) 13,276 54.21% - Other Miscellaneous Revenues - - 2,121 2,121 0.00% 325 (TOTAL OPERATING REVENUES 1,340,005 1,034,643 867,142 (167,501) 64.71% 140,956 OPERATING EXPENSES Personnel and Administration P/R-Board of Supervisors 7,000 3,500 2,900 600 41.43% 500 FICA Taxes 536 268 222 46 41.42% 38 ProfServ-Engineering 26,000 13,000 4,628 8,372 17.80% 817 ProfSery-Legal Services 14,000 7,000 6,000 1,000 42.86% 341 ProfServ-Mgmt Consulting Sery 30,216 15,108 15,108 - 50.00% 2,518 ProfServ-Property Appraiser 17,093 17,093 17,096 (3) 100.02% - ProfServ-Special Assessment 8,366 8,366 8,366 - 100.00% - Auditing Services 3,500 3,500 - 3,500 0.00% Postage and Freight 1,200 600 509 91 42.42% 150 Rental Meeting Room 350 175 150 25 42.86% 25 Insurance-General Liability 8,786 4,393 4,072 321 46.35% - Printing and Binding 1,300 650 143 507 11.00% 18 Legal Advertising 1,000 500 162 338 16.20% - Miscellaneous Services 2,600 1,300 897 403 34.50% 157 Misc-Assessmnt Collection Cost 22,790 18,992 12,567 6,425 55.14% - Otfice Supplies 500 250 14 236 2.80% 14 Total Personnel and Administration 145,237 94,695 72,834 21,861 50.15% 4,578 Water-Sewer Comb Services Contracts-Mgmt Services 309,533 154,767 154,766 1 50.00% 25,794 Contracts-Generator Maint 1,750 - 551 (551) 31.49% - Communication-Teleph-Field 4,512 2,256 2,240 16 49.65% 233 Utility -General 87,000 43,500 41,901 1,599 48.16% 7,437 R&M-Irrigation 35,000 17,500 2,384 15,116 6.81% 1,221 R&M-Lift Station - - 109 (109) 0.00% R&M-Potable Water Lines 4,331 (4,331) 0.00% R&M-Water Plant 20,000 10,000 12,591 (2,591) 62.96% 3,456 R&M-Waste Water Plant 15,000 7,500 (3,418) 10,918 -22.79% 783 R&M-Sewer Lines - - 1,271 (1,271) 0.00% 672 R&M-Backflow Inspection - - 240 (240) 0.00% - Misc-Licenses&Permits 7,375 6,375 - 6,375 0.00% - Cap Outlay-Waste Water Plant 50,796 25,398 18,764 6,634 36.94% 10,063 Total Water-Sewer Comb Services 530,966 267,296 235,730 31,566 44.40% 49,659 Report Date:4/2/2015 5 1611 A5 PORT OF THE ISLANDS Agenda Page 27 Community Improvement District Water And Sewer Fund Statement of Revenues, Expenses and Changes in Net Assets For the Period Ending March 31,2015 YTD ACTUAL AMENDED YEAR TO DATE YEAR TO DATE VARIANCE(S) AS A%OF MAR-15 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) AMENDED BUD ACTUAL Debt Service Principal Debt Retirement 532,827 - - - 0.00% - Interest Expense 122,533 61,267 10,211 51,056 8.33% - Total Debt Service 655,360 61,267 10,211 51,056 1.56% - TOTAL OPERATING EXPENSES 1,331,563 423,258 318,775 104,483 2194% 54,237 Operating income(loss) 8,442 611,385 548,367 (63,018) 6495.70% 86,719 Change in net assets $ 8,442 $ 611,385 $ 548,367 $ (63,018) 6495.70% $ 86,719 TOTAL NET ASSETS,BEGINNING(OCT 1,2014) 7,618,820 7,618,820 7,618,820 TOTAL NET ASSETS,ENDING $ 7,627,262 $ 8,230,205 $ 8,167,187 Report Date:4/2/2015 6 161 1 5 PORT OF THE ISLANDS Agenda Page 28 Community Improvement District Trend Report-Water And Sewer Fund Statement of Revenues,Expenses and Changes in Net Assets For the Period Ending March 31,2015 TOTAL ' Oct Nov Dec Jan Feb Mar Actual Thru Adopted Account Description Actual Actual Actual Actual Actual Actual 313112015 Budget Operating Revenues Interest-Investments $ 16 $ 15 $ 16 $ 16 $ 13 $ - $ 74 $ 285 Water Revenue 2,875 3,640 3,914 5,375 5,409 5,279 26,492 53,700 Sewer Revenue 4,255 5,145 5,471 7,727 7,920 7,912 38,430 81,200 Irrigation Fees 6,581 7,944 8,768 10,414 10,527 10,198 54,431 110,900 Special Assmnts-Tex Collector 9,642 292,806 279,088 49,897 21,626 117,242 770,301 1,139,500 Special Assmnts-Discounts (506) (11,694) (10,856) (1,329) (322) - (24,707) (45,580) Total Operating Revenues 23,086 298,181 286,662 72,625 45,633 140,956 867,142 1,340,005 Operating Expenses Personnel and Administration P/R-Board of Supervisors 400 600 500 500 400 500 2.900 7,000 FICA Taxes 31 46 38 38 31 38 2222 536 ProfServ-Engineering - 1,500 419 1,536 356 817 4,628 26,000 ProfServ-Legal Services - 2,213 , 48 2,690 709 341 6800 14,000 ProfServ-Mgmt Consulting Sery 2,518 2,518 2,518 2,518 2,518 2,518 15,108 30,216 ProfServ-Property Appraiser 12,866 - - - 4,231 - 17,096 17,093 Prof Sets-Special Assessment - - 8,366 - - - 8,366 8,366 Postage and Freight 12 83 61 190 13 150 509 1,200 Rental-Meeting Room 25 25 25 25 25 25 150 350 Insurance-General Liability 2,036 - - 2,036 - 4,072 8,786 Printing and Binding 31 - 52 25 17 18 143 1,300 Legal Advertising 162 - - - - - 162 1,000 Miscellaneous Services 227 122 109 156 127 157 897 2,600 Misc-Assessmnt Collection Cost 183 5,622 5,365 971 426 - 12,567 22,790 Office Supplies - - - - - 14 14 500 Total Personnel and Administration 18,491 12,729 17,501 10,685 8,853 4,578 72,834 145,237 Water-Sewer Comb Services Contracts-Mgmt Services 25,794 25,794 25,794 25,794 25,794 25,794 154,766 309,533 Contracts-Generator Maint - - 551 - - - 551 1,750 Communication-Teleph-Feld 913 267 283 274 270 233 2,240 4,512 Utility-General 6,201 6,493 6959 7,322 7,488 7,437 41,901 87,000 R&M-Irrigation 245 - 72 846 - 1,221 2,384 35,000 R&M-Water Plant - 8,450 3,327 (2,556) (86) 3,456 12,591 20,000 R&M-Waste Water Plant - - (4,698) 498 - 783 (3,418) 15,000 Mtec-Licenses&Permits - - - - - - - 7,375 Cap Outlay-Waste Water Plant - - - - 8,700 10,063 18,764 50,796 Total Water-Sewer Comb Services 37,484 41,004 32,288 32,178 43,114 49,659 235,730 530,966 Debt Service Principal Debt Retirement - - - - - - - 532,827 Interest Expense - 10,211 - - - - 10,211 122,533 Total Debt Service - 10,211 - - - - 10,211 655,360 Total Operating Expenses 55,975 83,944 49,789 42,863 51,967 54,237 318,775 1,331,583 Operating income(loss) $ (32,887) $ 234,237 $236,873 $ 29,762 $ (6,334) $ 86,719 548,367 8,442 TOTAL NET ASSETS,BEGINNING(OCT 1,2014) 7,618,820 7,618,820 TOTAL NET ASSETS,ENDING $ 8,167,187 $7,627,262 Report Date:4/2/2015 7 • loll A5 Agenda Page 29 Port of the Islands Community Improvement District Supporting Schedules March 31, 2015 161 ` l A oN aa.}, t`t-•pp CO m M v N - 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[ \ § \ 2 ] 7 / { ( � � . � l \ ) /}\ k % 6 § § R27 C.) 01 w § Q ; § « ) § & c ku. \ ) @ ; / } j 2 ! \ } } ) \ ) / / \ \ moo . non otn el 2000000 § § § ( § } 2 ) § ) § \ § ° k § § k \ k ) .- k § § § § % E § ] § ) ) § § ) ) k / ( / 6 ! ! ! § E1 ! § 3 • E co § % co § § § § m C \ ) , 11euu . F _ 03 0 ro aaaaaaa G 0 E 2 § q § § § § § § § q \ 3 » k ) ; ; ; ; % q7 ` \ O 2g 3 ! la , , G « 2 { a \ ] z ; ; saes ; ; ; ; cc 161 1 A5 , PORT OF THE ISLANDS Agenda Page 32 Community Improvement District Non-Ad Valorem Special Assessments Collier County Tax Collector-Monthly Collection Report For the Fiscal Year ending September 2015 ALLOCATION BY FUND DISCOUNT/ GROSS DATE NET AMOUNT (PENALTIES) COLLECTION AMOUNT GENERAL WATER/SEWER RECEIVED RECEIVED AMOUNT COSTS RECEIVED FUND FUND Assessments Levied FY 2015" $ 1,174 931 $ 334,109 $ 840,822 Allocation% 100% 28% 72% 10/30/14 $ 12,510 $ 707 $ 255 $ 13,473 $ 3,831 $ 9,642 11/14/14 $ 70,133 $ 2,955 $ 1,431 $ 74,519 $ 21,190 $ 53,328 11/25/14 $ 314,825 $ 13,388 $ 6,425 $ 334,636 $ 95,159 $ 239,477 12/12/14 $ 336,730 $ 14,178 $ 6,872 $ 357,780 $ 101,740 $ 256,040 12/31/14 $ 30,590 $ 992 $ 624 $ 32,206 $ 9,158 $ 23,048 01/29/15 $ 66,510 $ 1,857 $ 1,357 $ 69,724 $ 19,827 $ 49,897 02/27/15 $ 29,174 $ 449 $ 595 $ 30,219 $ 8,593 $ 21,626 03/31/15 $ 163,830 $ - $ - $ 163,830 $ 46,587 $ 117,242 TOTAL $ 1,024,302 $ 34,525 $ 17,561 $ 1,076,387 $ 306,086 $ 770,301 %Collected 91.61% 91 61% 91.61% TOTAL OUTSTANDING $ 98,544 $ 28,022 1$ 70,521 'Discounts and collection costs taken in the 3/31 distribution were not availabe as of the date of this report, Once this information is received,an adjustment will be made and reflected in the next set of financial statements. Year Parcel ID Description Amount Comments FY 2010 1058920500 POI Hotel 119,627 bankruptcy FY 2011 1058920500 POI Hotel 119,627 bankruptcy FY 2012 1058920500 POI Hotel 119,638 bankruptcy FY 2013 1058920500 POI Hotel 119,638 bankruptcy FY 2014 1058920500 POI Hotel 119,637 FY 2014 1056920005 POI Realty LLC 268,677 Total Delinquent Parcels 866,844 Note': Three parcels were billed off roll subsequent to budget adoption. Report Date;4/2/2015 10 161 ' 1 Aa5 PORT OF THE ISLANDS Agenda Page 33 Community Improvement District Series 2010 Special Assessment Revenue Bond 1.Recap of Capital Project Fund Activity Through March 31,2015 Bond Issued(Construction Account) $ 5,500.000 Source of Funds:Interest Earned $ 8,577 Use of Funds: COI $ (42,700) COI(costs transferred to checking account) $ (5,000) Disbursements: Water Treatment Plant $ (5,333,694) Disbursements: Lift Station Rehab $ (18,764) $ (5,400,157) Adjusted Balance in Construction Account March 31,2015 $ 108,420 2.Funds Available For Construction at March 31,2015 Book Balance of Construction Account at March 31,2015 $ 108,420 Construction Funds available at March 31,2015 $ 108,420 3.Investments-BB&T at March 31,2016 Estimated Type Yield Principal Construction Fund: 0.12% $ 108,420 ADJ:Outstanding Amounts Due $ - Balance at March 31,2015 $ 108,420 4. General Bond Information Issued: 2010 Matures: 2020 Bond Interest Rate: 3.51% FY 2015 budgeted bond payment as%of gross assessments(water/sewer fund): 57% Report Date:4/2/2015 11 161 ' 1 A ; .:.,.. PORT OF THE ISLANDS Agenda Page 34 Community Improvement District Construction Schedule AMOUNT OF CAPITAL WATER TREATMENT LIFT STATION I REQ.# DATE CONTRACTOR REQUISITION OUTLAY COI PLANT REHAB COI 10/20/10 Greenberg Traurig $ 10,000 $ - $ 10,000 $ - $ COI 10/20/10 BB&T 2,700 2,700 COI 10/20/10 Severn Trent Management Svl 15,000 15,000 COI 11/02/10 Dan Cox 15,000 15,000 1 11/09/10 Port of the Islands CID(reimb) 321,537 321,537 321,537 2 11/18/10 South Florida Excavation 26,504 26,504 26,504 3 11/24/10 Naples Daily News 151 151 151 4 01/04/11 Century Link 26,311 26,311 26,311 5 12/16/10 South Florida Excavation 18,009 18,009 18,009 6 02/01/11 Hole Montes 2,561 2,561 2,561 7 02/01/11 Hole Montes 16,200 16,200 16,200 8 02/01/11 Hole Montes 13,207 13,207 13,207 9 02/10/11 Benchmark EnviroAnalytical,Ii 1,019 1,019 1,019 10 02/17/11 Hole Monies 1,983 1,983 1,983 11 03/07/11 Hole Monies 6,250 6,250 6,250 12 03/16/11 South Florida Excavation 12,762 12,762 12,762 13 03/29/11 Cardinal Contractors 27,000 27,000 27,000 14 04/06/11 Hole Montes 13,850 13,850 13,850 15 05/05/11 South Florida Excavation 18,587 18,587 18,587 16 05/16/11 Cardinal Contractors 95,029 95,029 95,029 17 05/19/11 Hole Monies 39,565 39,565 39,565 18 06/14/11 KW Controls 1,039 1,039 1,039 19 06/14/11 Cardinal Contractors 196,572 196,572 196,572 20 07/06/11 Hole Monies 19,575 19,575 19,575 21 07/22/11 Cardinal Contractors 170,192 170,192 170,192 22 07/27/11 Hole Monies 22,325 22,325 22,325 23 08/19/11 Cardinal Contractors 156,353 156,353 156,353 24 08/30/11 Hole Monies 19,700 19,700 19,700 25 09/16/11 South Florida Excavation 6,971 6,971 6,971 26 09/16/11 South Florida Excavation 4,602 4,602 4,602 27 09/16/11 Cardinal Contractors 278,893 278,893 278,893 28 09/27/11 Michael Evans Computers 3,255 3,255 3,255 29 10/17/11 Cardinal Contractors 85,416 85,416 85,416 30 11/03/11 Hole Monies 833 833 833 31 11/03/11 Hole Monies 43,975 43,975 43,975 33 11/23/11 KW Controls 24,337 24,337 24,337 I Total FY 2011 $ 1,717,261 $ 1,674,561 $ 42,700 $ 1,674,561 $ - 32 11/14/11 Cardinal Contractors $ 266,314 $ 266,314 $ - $ 266,314 34 12/15/11 South Florida Excavation 4,602 4,602 4,602 35 12/15/11 BCI Technologies 7,121 7,121 7,121 36 12/15/11 ITT Water Equipment Tech 586,767 586,767 586,767 37 12/16/11 Cardinal Contractors 647,523 647,523 647,523 38 12/30/11 Hole Montes 43,673 43,673 43,673 39 01/24/12 Hole Montes 25,610 25,610 25,610 40 01/24/12 Cardinal Contractors 174,823 174,823 174,823 41 01/30/12 KW Controls 73,011 73,011 73,011 42 02/24/12 Cardinal Contractors 240,416 240,416 240,416 43 03/15/12 Cardinal Contractors 246,740 246,740 246,740 44 04/05/12 Hole Montes 48,232 48,232 48,232 45 04/23/12 Cardinal Contractors 89,577 89,577 89,577 46 05/09/12 ITT Water Equipment Tech 30,578 30,578 30,578 47 05/16/12 Cardinal Contractors 62,629 62,629 62,629 48 05/17/12 KW Controls 12,169 12,169 12,169 49 06/12/12 Hole Monies 65,277 65,277 65,277 50 06/12/12 Severn Trent Environmental S 9,027 9,027 9,027 Report Date:4/2/2015 12 PORT OF THE ISLANDS Agenda Page 35 Community Improvement District Construction Schedule IAMOUNT OF CAPITAL WATER TREATMENT LIFT STATION REQ.# DATE CONTRACTOR REQUISITION OUTLAY COI PLANT REHAB 51 06/12/12 BCI Technologies 20,000 20,000 20,000 52 06/13/12 Cardinal Contractors 207,112 207,112 207,112 53 06/29/12 Soto's Lawn Service, Inc. 19,680 19,680 19,680 54 07/18/12 Cardinal Contractors 13,633 13,633 13,633 55 07/25/12 W.E.Johnson Equipment 33,088 33.088 33,088 56 08/03/12 Hole Montes 49,982 49,982 49,982 57 09/04/12 Severn Trent Environmental S' 3,045 3,045 3,045 58 09/04/12 Cardinal Contractors 195,290 195,290 195,290 59 09/19/12 Hole Montes 21,350 21,350 21,350 60 09/19/12 BCI Technologies 33,279 33,279 33,279 61 09/19/12 Cardinal Contractors 52,400 52,400 52,400 Total FY 2012 $ 3,282,946 $ 3,282,946 $ - $ 3.282,946 $ - 62 10/16/12 RMA Geological Consultants $ 5,990 $ 5.990 $ - $ 5,990 63 10/16/12 Cardinal Contractors 151,859 151,859 151,859 64 11/01/12 Hole Montes 10,027 10,027 10,027 65 12/11/12 Severn Trent 48,567 48,567 48,567 66 01/09/13 RMA Geological Consultants 9,170 9,170 9,170 67 01/17/13 Hole Montes 8,138 8,138 8,138 68 01/17/13 RMA Geological Consultants 16,746 16,746 16,746 69 01/17/13 Severn Trent 1,569 1,569 1,569 70 02/05/13 Cardinal Contractors 26,705 26,705 26,705 71 02/05/13 KW Controls 12,169 12,169 12,169 72 02/05/13 Hole Montes 2,533 2,533 2,533 73 02/21/13 KW Controls 12,169 12,169 12,169 74 04/23/13 RMA Geological Consultants 1,600 1,600 1,600 75 10/11/13 Xylem 43,747 43,747 43,747 76 02/25/14 Xylem 25,200 25,200 25,200 I Total FY 2013 $ 376,187 $ 376,187 $ - $ 376,187 $ - I Total FY 2014 $ - $ - $ - $ - $ - 77 02/11/15 Fortiline $ 8,700 $ 8,700 78 03/04/15 Fortiline 148 147.74 79 03/04/15 Ferguson 319 319.22 80 03/26/15 Severn Trent 9,596 9596.35 Total FY 2015 $ 18,764 $ - $ - $ - $ 18,764 Grand Total $ 5,395,157 $ 5,333,694 $ 42,700 $ 5,333,694 $ 18,764 x;: t iawsr„n:x .: .:trr.:wc '.,i::.,-,��-xc-tire iVnilaie;.was..a;V;a . .: t+ .l;4taP-„W,a^. 'sli :a,es44,A _:W:;VwiWr4.:-:-a?•:W.W,s:.,: m rnmaltS. -as rve'31:± Interest FY 2011 Interest $ 5,744 FY 2012 Interest 2,291 FY 2013 Interest 303 FY 2014 Interest 173 FY 2015 Interest 65 $ 8,577 Report Date;4/2/2015 13 16I1A5 PORT OF THE ISLANDS Agenda Page 36 Community Improvement District All Funds Capital Improvement Program-Status Report Updated thru 3/31/15 WATER PROGRAM PROJECT PAID NO PROJECT NAME OR DESCRIPTION FY 2013 PAID IN FY INCEPTION TO FY 2016 FY 2017 FY 2018 FY 2019 PROJECT ESTIMATE c" 2015 1:f DATE j0I STATUS W-19 Video surveillance and monitoring $ - $ - $ $ 10,000 $ - $ - $ - ST project W-22 Fire hydrant repair and replacement $ - $ - $ 3,090 $ - $ - $ - $ - ST project Total Water Program $ - $ - $ 3,090 $ 10,000 $ - $ - $ - WASTEWATER PROGRAM ST combined WW-23 SCADA and control panel for lift stations $ 30,796 $ - $ 77,137 $ 30,796 $ 30,796 $ - $ - w/WW-26 WW-24 MBR Membranes $ 20,000 $ - $ - $ 20,000 $ - $ $ - ST WW-25 Misc.Equipment Replacement $ - $ - $ $ - $ - $ - $ WW-26 Replace lift station control panel $ 96,204 $ 18,764 $ 18,764 $ - $ - $ - $ - Total Wastewater Program $ 147,000 $ 18,764 $ 95,901 $ 50,796 $ 30,796 $ - 5 - Total Water/Sewer Fund!$ 147,0001$ 18.7641$ 98,9901$ 60,7961$ 30,7961$ -1$ - NOTE The The amounts shown in the'FY 2015 ESTIMATE'columns reflect the most recent approximation of what the District expects to spend on each project between October 1,2014 and September 30,2015. NOTE 1�1: The amounts shown in the'PAID IN FY 2015'column reflects project expenses incurred between October 1,2014 and September 30,2015. The total of these columns will be to the amounts reported as'Year to Date Actual-Capita!Outlay'in the corresponding monthly financial statements. NOTE 131: The'PAID INCEPTION TO DATE'columns reflect any payments made between FY 2006 and present. Report Date:4/2/2015 14 161FA5 PORT OF THE ISLANDS Agenda Page 37 Community Improvement District All Funds Capital Improvement Program-Status Report Completed Projects 'Project No.! Project Name or Description I 'Completion! I Project P Project Total Date Comments G-1 Collier County Zoning/Fire Station Property $ 22,324 11/1/2009 Completed in FY 2010 G 2 Sign Variance Petition Union Road $ 42883 "1,,11.1/20091 Completed in FY 2011 I RI&2 IRoad resurfacing and repair 1$ 473,138 '' d ,., �07I Completed in FY 2007 I-1 Irrigation&Fire Control Panel Upgrade $ 54,621 4791302O08 Completed in FY 2008 1-2 Irrigation Supply Well Project $ 34,765 `-10/1/2008':"Completed in FY 2009 1-3 WellSield Mechanical Upgrades $ 218,732 >:-8/30/2009(Completed in FY 2009 1-4 3rd well to provide irrigation water supply $ 287,793 8/31/2010 Completed in FY 2010 1-5 Wellfield SCADA $ 27,587 '."3/31/2010 Completed in FY 2010 1-6 Electrical Upgrades for Wellrield and WWTP Generator $ 247,386 I-7 Canal PS Modifications ,21143QQ..Completed in FY 2010 $ 4.269 asnv�iio9'Completed In FY 2010 I-10 Wellhead Retrofitting 5 11.615 .9/30l2012'-Completed in FY 2012 I-11 Well Monitoring $ 16,746 -9/3d,2013 Completed in FY 2013 I-12 Pump Retrofitting $ 10,770 ' 9/30/2013-.Completed in FY 2013 W-2 Water Treatment Plant-replace transfer pumps $ 9.887 z4gromoof Completed in FY 2008 W-4 Water Treatment Plant-repairs to building(roof,doors.windows,painting) $ 14,050 Completed in FY 2008 W-5 Water Treatment Plant-replace metal launders and walkways on softening unit&other repairs $ 56,877 Completed In FY 2009 W-8 Water Treatment Plant-replace gaseous chem storage/teed sys(chlorine)w/liquid chem(bleach) $ 36,088 I'='9131 7 "Completed In FY 2009 W-7 Water Treatment Plant-air condition room that houses compliance monitoring equipment $ 3,901 :ii:onteitttog Completed In FY 2008 W-13 Water Treatment Plant-design new WTP $ 488,844 ;_ : Completed In FY 2011 W-14A Water Treatment Plant-New Construction $ 4,409,326 9 n Completed In FY 2014 W-14B Water Treatment Plant-Inspection of new construction $ 440,894 c Completed in FY 2013 W-15 Water Treatment Plant-New meter replacement program(with backflow prevention) $ 257,514 i ,:Completed In FY 2013 W-17 SCADA $ 223,093 ow r- -,-,,Completed in FY 2009 W-23 Stormwater Rention Ponds $ 110,776 + :,...t.''1 >:.1!_q .Completed inFY2011/20t2 W-23a Disinfection Conversion-free chlorine to chloramines S 11,427 (( o pe( t Completed In FY 2009 W W-5 Wastewater Treatment Plant-two new mixers $ 16,810 X2008;Completed in FY 2008 WW-8 Wastewater Treatment Plant-add second reuse pump $ 111,973 0erk Completed In FY 2008 Wastewater Treatment Plant-replace gaseous chew storage/feed systems(chlorine and sulfur 't�'ia.,,�3,_,..',.�1,, WW-I0 dioxide)w/liquid chem(bleach and sodium Ihiosulfate) $ 36,088 *" 4XOO). Completed in FY 2009 WW-13A Reuse Storage Tank $ 585,299 l " el,%1+Iiii Completed in FY 2010 WW-13B Automation of reuse water system and supplemental water $ 55,358 / 'OW,Completed in FY 2010 WW-18 DynaLift MBR Membrane System $ 1,112,360 ' WW-19 Electrical service upgrades at WWTP $ 231,100 r s..': "Completed in FY 20 _r D;Completed in FY 2009 09 WW-20 New WWTP Generator $ 110,776 „ s!ii'`! 'Completed in FY 2009 WW-23 SCADA and control panel for lift stations -$ 77,137 '9,30,21 9A Completed In FY 2014 Report Date:4/2/2015 15 PORT OF THE ISLANDS Agenda Page 38 Community Improvement District General Fund Cash Flow Projections MAR APR MAY JUN JUL AUG SEP 2015 2015 2015 2015 2015 2015 2015 Cash Beginning Balance $ 996,522 $ 1,097,263 $ 1,077,882 $ 1,046,966 $ 1,016,050 $ 982,413 $ 951,497 Cash Inflow 14,050 14,190 179 179 179 179 179 Cash Outflow (33,650) (33,571) (31,095) (31,095) (33,816) (31,095) (31,095) CD Investment 152,763 - - _ - - _ Add:Prepaid Items 2,036 - - - Less: Due to WS Fund (29,965) - - - Less.Current Liabilities(as of 3/31/15) (4,493) - - - - - - Total Estimated Cash Balance WITHOUT past due assessments or FY 2015 off roll billing $ 1,097,263 $ 1,077,882 $ 1,046,966 $ 1,016,050 $ 982,413 $ 951,497 $ 920,582 Total Estimated Cash Balance WITH past due assessments and FY 2015 off roll billing $ 1,406,806 $ 1,401,863 $ 1,370,947 $ 1,340,031 $ 1,306,394 $ 1,276,478 $ 1,244,563 Cash Receipts Special Assessments $ 14,011 $ 14,011 $ - $ - $ - $ - $ - Special Assessments-Discount (140) - - - - - - Interest 179 179 179 179 179 179 179 Total Cash Inflow $ 14,050 $ 14,190 $ 179 $ 179 $ 179 $ 179 $ 179 Operating Expenditures Administrative P/R-Board of Supervisors $ 1,000 $ 500 $ 500 $ 500 $ 1,000 $ 500 $ 500 FICA Taxes 45 45 45 45 45 45 45 ProfServ-Engineering 2,167 2,167 2,167 2,167 2,167 2,167 2,167 ProtServ-Legal Services 1,167 1,167 1,167 1,167 1,167 1,167 1,167 ProfServ-Mgml Consulting Sery 2,508 2,508 2,508 2,508 2,508 2,508 2,508 Annual Audit 1,750 - - - - - - Postage and Freight 100 100 100 100 100 100 100 Rental-Meeting Room 50 25 25 25 50 25 25 Insurance-General Liability - 2,197 - - 2,197 - - Printing&Binding 108 108 108 108 108 108 108 Legal Advertising 83 83 83 83 83 83 83 Miscellaneous Services 115 115 115 115 115 115 115 Misc.-Assessmnt Collection Cost 280 280 - - - - _ Misc.-Web Hosting 83 83 83 83 83 83 83 Office Supplies 42 42 42 42 42 42 42 Total Administrative $ 9,498 $ 9,419 $ 6,942 $ 6,942 $ 9,664 $ 6,942 $ 6,942 Maintenance Contracts-Mgmt Services $ 8,333 $ 8,333 $ 8,333 $ 8,333 $ 8,333 $ 8,333 $ 8,333 Contracts-Landscape 6,902 6,902 6,902 6,902 6,902 6,902 6,902 Electricity-Streetlighting 1,583 1,583 1,583 1,583 1,583 1,583 1,583 Utility-Irrigation 1,417 1,417 1,417 1,417 1,417 1,417 1,417 R&M-Renewal&Replacement 5,833 5,833 5,833 5,833 5,833 5,833 5,833 R&M-Signage 83 83 83 83 83 83 83 Total Maintenance $ 24,152 $ 24,152 $ 24,152 $ 24,152 $ 24,152 $ 24,152 $ 24,152 Total Cash Outflow $ 33,650 $ 33,571 $ 31,095 $ 31,095 $ 33,816 $ 31,095 $ 31,095 Report Date:4/2/2015 16 161 'i A5 PORT OF THE ISLANDS Agenda Page 39 Community Improvement District Water and Sewer Fund Cash Flow Projections MAR APR MAY JUN JUL AUG SEP 2015 2015 2016 2016 2015 2015 2016 Cash Beginning Balance S 262993 $ 290.808 9 233,130 5 (388,432) $ (414,149) $ (507,706) $ (533,424) Cash Inflow 55,415 55,768 20,507 20,507 20,507 20,507 20,507 Cash Outflow-Expenses (49,205) (113,245) (642,088) (48,225) (114,064) (48,225) (48,225) Add:Prepaid Items 2,038 - - - - - - Add:Doe from General Fund 29,965 - - - - - • Less:Current Liabilities(as of 3/31/15) (10,596) - - - - - - Total Estimated Cash Balance wm10UT put due assessments or FY 2015 off roll billing $ 290,505 S 233,130 $ (385,432) S (414,145) $ (607,705)S (533,424)S (559,142) Total Estimated Cash Balance WITN past due assessments and FY 2015 off roll billing $1,165,038 $1,166,350 S 633,785 S 508,071 5 414,614 $ 358,796 S 383,078 Cash Receipts Special Assessments $ 35,261 S 35,261 $ - $ - S - S - $ - Special Assessments-Discount (353) - - - - - - Water/SewroNtnigation Revenue 20,483 20,483 20,483 20,483 20,483 20,483 20,483 Interest/Miscellaneous 24 24 24 24 24 24 24 Total Cash Inflow S 66,416 S 56,765 S 20,607 5 20,607 6 20,607 S 20,507 S 20,607 Curable Expenditures Administrative P/R-Board of Supervisors 0 1,000 5 500 5 S00 5 500 5 1,000 S 500 $ 5110 FICA Taxes 45 45 45 45 45 45 45 ProfServ-Engineering 2,187 2,167 2,187 2,167 2,167 2,187 2,167 ProfServ-Legal Services 1,167 1,187 1,167 1,187 1,167 1,187 1,187 PrsfServ-Mgmt Consulting Sery 2,518 2,518 2,518 2,518 2,518 2,518 2,518 Annual Audit 1,750 - - - - - - Postage and Freight 100 100 100 100 100 100 10U Rental-Meeting Room 50 25 25 25 50 25 25 Insurance-General Liability - 2,197 - - 2,197 - Punting&Binding 108 108 108 108 108 108 108 Legal Advertising 83 83 83 83 83 83 83 Miscellaneous Services 217 217 217 217 217 217 217 Mlet-Assessmnt Collection Coal 705 705 - - - - - Office Supplies 42 42 42 42 42 42 42 Total Administrative S 9,951 S 9,873 $ 6,971 S 8,971 $ 9,892 5 6,971 $ 8,971 Maintenance Contracts-Mgmt Services S 25,794 S 25,794 S 25,794 $ 25,794 5 25,794 S 25,794 S 25,794 Contracts-Other Services - - 1,75D - - - - Communication-Teleph-Field 376 376 378 378 376 378 378 Utility-General 7,250 7,250 7,250 7,250 7,250 7,250 7,250 R&M-Irrigation 2,917 2,917 2,917 2,917 2,917 2,917 2,917 R&M-Water Plain 1,667 1,887 1,687 1,667 1,687 1,667 1,667 R&M-Waste Water Plant 1,250 1,250 1,250 1,250 1,250 1,250 1,250 Mist-Licenses&Permits - - - 1,000 - - CIF' 64,118 - 64,118 Total Maintenance S 39,254 5 103,372 5 41,004 $ 39,254 $ 104,372 S 39,254 $ 39,254 Debt Service Principal and interest S - S - S 594,094 S - S - S - S - Total Debt Service $ - S - 5 594,094 S - 6 - S - $ - Total Cash Outflow 5 49,205 $ 113,246 $ 642,068 $ 46,225 $ 114,064 $ 48,225 $ 48,225 'NOTES: Estimated CIP costs for anticipated projects are shown quarterly. The attorney has confirmed the use of construction funds are eligible to cover lift station rehabilitation projects. Both construction funds available and eligible anticipated project costs are reflected above. Report Date 4/2/2015 17 1 6 1 A5 1 PORT OF THE ISLANDS Agenda Page 40 Community Improvement District All Funds Cash Flow Projections-5 Year GENERAL FUND ADOPTED PROPOSED PROPOSED PROPOSED PROPOSED FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Operating Revenues Assessments(Net) $413,373 $413,375 $413,375 $413,375 $413,375 Interest/Miscellaneous $2,153 $1,673 $2,153 $2,153 $2,153 Total Operating Revenues $415,526 $416,048 $415,528 $415,528 $415,528 Operating Expenditures Administrative $121,696 $117,449 $120,972 $124,601 $128,339 Maintenance $293,830 $297,600 $306,528 $315,723 $325,195 Total Operating Expenditures $415,526 $415,048 $427,499 $440,324 $453,534 Capital Expenditures CIP Projects $0 $0 $0 $0 $0 Total Capital Expenditures $0 $0 $0 $0 $0 Estimated Ending Cash Balance WITHOUT past due assessments or FY 2015 off roll billing $ 920,582 $920,582 $908,610 $883,814 $845,808 Estimated Ending Cash Balance WITH past due assessments and FY 2015 off rol bifirg $ 1,244,563 $1,244,563 $1,232,591 $1,207,795 $1,169,789 WATER AND SEWER ENTERPRISE FUND ADOPTED PROPOSED PROPOSED PROPOSED PROPOSED FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Operating Revenues Assessments(Net) $1,093,920 $1,093,920 $1,093,920 $1,093,920 $1,093,920 Water/Sewer/Irrigation Revenue $245,800 $217,500 $217,500 $217,500 $217.500 Interest/Miscellaneous $285 $199 $360 $386 $444 Total Operating Revenues $1,340,005 $1,311,619 $1,311,780 $1,311,806 $1,311,865 Operating Expenditures Administrative $145,237 $133,973 $133,973 $133,973 $133,973 Maintenance $480,170 $464,928 $464 928 $464,928 $464,928 Total Operating Expenditures $625,407 $598,901 $598,901 $598,901 $598,901 Capital Expenditures CIP Projects $50,796 $60,796 $30,796 $0 $0 Total Capital Expenditures $50,796 $60,796 $30,796 $0 $0 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 Estimated Ending Cash Balance WITHOUT past due assessments or FY 2015 off roll billing $ (559,142) ($562,579) ($535,856) ($478,311) ($420,707) Estimated Ending Cash Balance WITH past due assessments and FY 2015 off roll billing $ 363,078 $359,641 $386,364 $443,909 $501,513 Report Date:4/2/2015 18 , 161 ' i 5 I I I I 0.4W 00.0,1'N H N 0 0010 M NO N W s-IM M N r-I U) t0r-IN 00('9 m U) t0 ONO10m 0D 4.40 r-I 1/40 N 4 000,-1,-1 0D N r U)0)N rti N0 r--I a) H 000M01 N MO-N.--I.-1 N 00 U) •- O (�N N 0)N 0) r-I MU)U) v rIO P W W F U)m . . . 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I` CO • d ti U v)o qC c om O) O a,' O q N F O D � QE U) C7 >+ O < a a, 0 C) q ° (0 z c4 a cr) U rn m w m V U a O a Lo yV a F W q Z 2 0 v) ••Cn W O 0 W U W U Z ° <<m al H H r7 b HH °aaiw O U F N O U a o F F F H O z c) 333 aaa Z N www o o a 000 U 0 U U 1 Agenda Page 49 Severn TrentEnvlronmentsl Services Port of the islands Repair and Maintenance Budget Applied against budget account,copies of Invoices available upon request Cap 116,000 Contract Oct 2014•S apt.2016 fff Inv.Date 16anke IVY I Description ! InvolcsA I Invoice i Month Locate and marred kllgotlona and water mains fro contractors at US 41 and Stara Mails !!!! 10/10/14 Inigallan STS South WO 45599 187.50 RO Wel1sld•Service call on Wee 42 GPM not working on SCADA.Trouble drool and found bad surge protection module,replaced module,tasted flow and totalizer on metre and CICADA.Weil 03 totalizer riot working on meter,Tested meter,rust program end tatted 10/13/14 B'T8 totalizer b obeene counter Increasing. WO 54875 702.56 Service Calf RO WTP•Water RO Distribution PH analyzer malfunctioning,not an SCADA. 10/13/14 Water ., 678 Trouble shoot,repaired PH analyzer,requires repleement display board. WO 94874 400.00 09118/14 Water STS WTP Repaired leak on Mt high service pump and check valve. WO 45539 187.60 09/18/14 Water STS WWTP(MMBR)Install two new 4"Butterfly Valves at MDR at VWVTP. WO 45640 300.00 Cat out to repair leaking badfiow at plan!Excavated by hand replace Mtings.Restored ea/1W14 STS area, W045511 376.00 2,242.0 Oct 2014 10/28/14 Water STS Repair water navies at Bldg,380,2304 St,As Marie North WO 45810 212.10 I0/2att4 Water 378 Repair water service at W WTP WO 45600 138,00 1113!14 Water STS Install new 3/4•beeknow at 330 Slela Marts South,Test and recertified. W040006 17500 Service call at WTP.Plant stage device malfunctioned and exploded.Troubleshoot and found Lizard shaded out rosin board and blew door off unit Further Inspection Round Irutailatin questionable. Recommend correcting brkstalbn with replacement, Further reeeuch round existing riot under warranty. Mel with TVSS Enpineerand he Inspected and 11/17114 Sewer 379 recommended repmcement WO 54001 400.00 Service cal at WTP. Trouble•ehoot analyzed.Replaced[maim:lkrrdng analyzer with old 11/24/2014 Water 873 one Pon high service pump mom,fo0awtag bench repair and t*Sang. WO 94870 700.00 6ervke call at WTP.Chlorine analyzer sample tine plugged and unable to provide efectent 11/24/14 Water 873 Dow for correct samples. Dleasemble,unplug and repute with new pests. WO 94882 600.00 0,226,10 Nov.2014 4,487.86 Nov,YT13 Tech rfeplaced one pull station and one strobe In the sample room that was damaged on 10/30/14 Tyco f the Simplex 4000 System, Tech also repaired a ground feuk on the Annunciator. tnv,80895878 018.a6 11/07/14 Water ST3 Assist operator',with replacing the sewer Influent'Muni acereen gears and chain WA 54888 400.00 11112/14 HO St ECCO PC8422C-039 Surge Suppreaslon Nonstock Product Inv,9E38300582 337.43 Emergency cell out to spray paint area to Inspect water main break.Excevle With treckhos and repair main break on Newport Cdvo between Morningstar and Eventngstar, Restored 11/03/14 Water 378 arse(ohs angler'form with forabvn sod,. W0 45815 2,582.50 Servtoa at at Master UR Station. Level control missing an SCADA,alarming ULC failure, Found ULC OK but PLC module rerun.Rpaced module and sent detective module In for 11/26/14 Water STS repair and evaluation. WO 94879 80480 POI Rebele Pea 2016 FInel MAR 11 2015 3620 Maintenance 07230 27 16h115 Agenda Page 50 Severn Trent Environmental Services Pori at the Islands •' Repair and Maintenance Dedoel Applied against Midltst account,copies of Invoices available upon request Cep$10,000 Contract: Oct 2014•Sept.28t5 Inv,Date J Service Vend Description Invocoi Invoke$ Month I Service call at Master LIR Station Control, PLC module!alkue.Replaced module and sent 1 VO4/14 Sewer STS faulty one In for warranty repair 200.00 At 104•206 Newport Olive excavated end repaired 21!2"Irrigation Ins Inside 4"casing 12/05/14 trig/Won 013 pipe. Install 2"valve and restore sres W0 95871 2,300,50 At 154 Newport Or Building st 25080 Orcied Cove,and Bulldog at 25054 Peacock lane 12/18/14 Water STS Impacted all baddlows and repaired the ones Mal wens leaking. W0 4555e 31485 7,13294 Dec.2014 12,30069 Deo.YTD Al 109 Morningstar Cay,328 Sae Marls South and 330 Stela Mde South rebuilt,tasted 01115/16 Water STS and reatNlled backrows WO 45716 30160 Al 380 Siena Neils N Unit 2005 rebuilt beckaow on customers side.Al 154 Newport Orive cleaned 0eckitow 3670081 and 01 dtetlt valve and checked operations.At 333 Sunrise 01/16/16 Water STS Cay Unll 3 cleaned Nt chock valve end pieced online. WO 46734 38600 769.50 Jan•15 13,00009 Jan.YTD 02/19/15 Water ''STS Cleaned and Tested 2backfvwaat268 and 21SNevrportDrNe W045805 160,00 02/13/10 Sewer US PuMad and Unclouded 02 Pump at LS rib.Checked amps_OK WO 46703 22100 02!13/15 Water P 873 Repair Broken lIne from BacJdtow to meter at 157 Cay Dr, WO 45794 75,00 02/13/10 Sewer • STS AT POI Sower Turbidity meter malfurudlaled•Troubleshoot Unit and ordered parts WO 04402 1,408.13 1,801.13 Feb.10 14,916.22 Feb.YTD • MAR 11 2U15 POI Rebate Feb 2015-Final 3520 Malntenence 07230 28 .. 161 '1A5 Agenda Page 51 t 6ayann t.n2 20,0ronm#nW/.MO.. Pod 01400 IHVM1 GA.r41MI G.06.t Applied as Waal by4644 4(1.1.4,.op..ellm.t.•..r llabl.open r.gw.t Co MOM*IY.1 yap Cwlnit Col 2014./1131.2016 /H;A.11ia;;Mifiti4 .,rs0' ." ,'-''- "} -siala'rs.,5 ..!s l s' 'g.. -±e-,'" #__ " "`ctut •a�;.:',.,'•4"7,,Ai .k l 0222/14 DUMONT �•`g•.41 a4.oNTl/O1U11011! nit 14160 �Y1 • 00/92/14 OOMONT NVPOO4tC I lr 6OUITIONG 71127 6440 02M14 DUMONT HyPOCHLOJUT0 WLU11ON0 718666 14710 109214 miaow IIYPOCHLOROEBOWRO14d 312100 16116 121211 0034010- HrPOGNWRnE 60LUT10141 230647 17400 1040/14 Dubow HYPOOK120n160L000H6,100NM H110110%!OC 3=46 724.00 11626 Out MIN 11,07114 0014022 KVDOCUARIfl 60LU110N6.6001UMHYONO%AE 323002 014.70 11!0.514 1311MONT NYP010OR1T*604421103 726054 10126 11117(14 DUMONT H7PIX$1ORnE aCU,T10N0 726860 14620 1171014 01110141 NYPOCIILORITE 64LUT1004* 126307 66.00 63.00 Nay Tel* 1,07626 TM Taal 12/06H1 WMONT HYPOU10RI7!OOLUTIO71,*mum 11YDR06613E 326567 315-06 12/01114 011140+11 NVP008*ONrTE 601.011010 326102 872.00 01720 0ae Total 2,10716 Y70 Tell 12,2214 CU1101r MYPO0040,1(14000321026,60pt64NYO100100,DUMONT 684001,PAWL A 100 MO 221101 0.24626 01M0011 17!72714 4430H1 10.9061201011 60031102/ 329103 134.120 0111246 0NIONr IIYPOC2kOIME 6OLUI5N5,swum NY0RO%106 230$41 6820 01126/1/ LUMONT ITINOC ORIT41OLUuWN1 321627 03646 01770n6 012/1022 HYPOCIIORRO 0OLU110N6 231631 307.00 01112110 DUMONT NYI'OatO/UTE 00011110N1 750642 176.60 town" 250 Taal 4,103.70 220 fatal 50,07010 01/9401!1 IIYPOCl1OLRne 801Uf5N 4/0Wi61250/913160! 701131 602.00 07/0210 01714050T HYPOC1&0U 1TE 5 0117 210 100.6004+11 7YOR061116 758631 150.60 00714*0 DUMONT HYPOCO64Lnn6 NOLUTION6,11000,24 NY0R01001 737020 30674 . =OHO MA/3W NYPOC1600MTE 10LUTlf6,6000Y1NY0RO00C.Olil010 A414000,PAWO A 102 PLUG 233760 1,70070 043041 1,46645 pad r0N 1,713.11 210 TOW MAR 11 2015 PO4 R.b.a bad 2010.Mal 2620 C0alnosi 64300 29 • 1 - 61 1' A • 5 Unit information Unit ID:300149 Year 2014 AFR Details Unit Name:Port of the Islands Community • Original AFR Improvement District AFR Status In Process • Unit Status:Active Unit Dependency:Independent AFR Received Date: Location Information Contact Information • Audit Received Date: • • Submission Type: Name:Mr.Stephen Bloom Name:Ms.Helene Randal Title:Accounting Manager Title District Accountant Debt information • • Phone:(954)753-5841 Plane:(954)753-5841 Fax:(954)345-1292 E mail:I telena.Rendel@STservices.com Debt$2,958,145 Address: Address: 210 N.University Drive,Suite 702 210 N.University Drive,Suite 702 • Coral Springs,FL 33071 Coral Springs,FL 33071 • Audit information • Was an audit performed? Yes Audit Performed Date: Certification Auditor Name: Chief Financial Officer Chairman/Elected Official Name.Joel Anthony Davis Nano:Stephen Bloom • Address; Title:Chairman Title:Assistant Treasurer Yes Na Have You Experienced a Financial Emergency in this year? n x • If Yes,Have You Complied Wth Section 218503(2),Florida Statutes? '❑1 El Auditor General Rule:Section 10.554(1)(h)6.b):If applicable,does the ❑ Annnat Financial Report agree with the Audited Financial Statement? (Do total revenues and expenditures per fund group on the AFR balance to the audited Statement of Revenues and Expenditures?) Tuesday,March 31,2015 Page 1 of 5 16I ' f4*5 Agenda Page 53 Port of the Islands Community Improvement District ANNUAL FINANCIAL REPORT September 30, 2014 t -- 16I 1 kr Agenda Page 54 Port of the Islands Community Improvement District ANNUAL FINANCIAL REPORT Fiscal Year Ended September 30, 2014 TABLE OF CONTENTS Page Number FINANCIAL SECTION REPORT OF INDEPENDENT AUDITORS 1-2 MANAGEMENT'S DISCUSSION AND ANALYSIS 3-8 BASIC FINANCIAL STATEMENTS Government-wide Financial Statements Statement of Net Position 9 Statement of Activities 10 Fund Financial Statements Balance Sheet—General Fund 11 Reconciliation of Total General Fund Balances to Net Position of Governmental Activities 12 Statement of Revenues, Expenditures and Changes in Fund Balances—General Fund 13 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of General Fund to the Statement of Activities 14 Statement of Revenues, Expenditures and Changes in Fund Balances—Budget and Actual—General Fund 15 Statement of Net Position—Water& Sewer Fund 16 Statement of Revenues, Expenses and Changes in Fund Net Position—Water& Sewer Fund 17 Statement of Cash Flows—Water&Sewer Fund 18 Notes to Financial Statements 19-31 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 32-33 MANAGEMENT LETTER 34-35 INDEPENDENT ACCOUNTANT'S REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES 36 161 . A 5 c<<e Berger, Toombs, Elam, Agenda Page 55 Gaines & Frank Certified Public Accountants PL 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 Port of the Islands Community Improvement District Collier County, Florida Report on the Financial Statements We have audited the accompanying basic financial statements of Port of the Islands Community Improvement District as of and for the year ended September 30, 2014, and the related notes to financial statements 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 t0 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. - 1 - Fort Pierce!Stuart Member AICPA Atomiser AICPA Division Fur CPA Firms Me ndsv.Fl CPA Private Compnnie•Practice Section 161 ' lTk5 Agenda Page 56 eFc Berger, Toombs, Elam, e<17 Gaines & Frank (b.iifiod Public Ac<„antant% Pt. To the Board of Supervisors Port of the Islands Community Improvement 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 each major fund of Port of the Islands Community Improvement District as of September 30, 2014, 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. Other Matters Required Supplementary Information Governmental accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis and budgetary comparison be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by 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, economic, or historical context. We have applied certain limited procedures in accordance with governmental auditing standards generally accepted in the United States of America, which consisted principally of inquires of management regarding 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 sufficient evidence to express an opinion or provide any assurance. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued a report dated April 7, 2015 on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations and contracts. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Port of the Islands Community Improvement District's internal control over financial reporting and compliance. verger, Toombs, Elam, Gaines e Fran , Berger, Toombs, Elam, Gaines& Frank Certified Public Accountants PL Fort Pierce, Florida April 7, 2015 - 2- 16l 1 A 5 Agenda Page 57 Port of the Islands Community Improvement District MANAGEMENT'S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2014 Management's discussion and analysis of Port of the Islands Community Improvement 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 FINANCIAL 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 business-type activities and the change in net position. Governmental activities are primarily supported by special assessments. Business-type activities are supported by charges to the users of those activities, such as water and sewer service charges. 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 three categories; 1) net investment in capital assets, 2) restricted and 3) unrestricted. Assets, liabilities, and net position are reported for all Governmental activities separate from the assets, liabilities, and net position of business-type 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 or business-type activities. Governmental activities financed by the District include physical environment and general and government. Business-type activities financed by user charges include water and sewer services. Fund financial statements present financial information for the governmental fund and enterprise fund. These statements provide financial information for the major 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. The enterprise funds financial statements provide information on all assets and liabilities of the funds, changes in the economic resources (revenues and expenses), and total economic resources. -3- 161) 1A 5 Agenda Page 58 Port of the Islands Community Improvement District MANAGEMENT'S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2014 OVERVIEW OF THE FINANCIAL 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. For the water and sewer fund, a statement of net position, a statement of revenues, expenses, and changes in fund net position; and a statement of cash flows are presented. 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, split between Governmental Activities and Business-type Activities. 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, and roads are reported in the statement of net position. All liabilities, including principal outstanding on bond, 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 and investments of the District are some of the items included in the notes to the financial statements. Financial Highlights The following are the highlights of financial activity for the year ended September 30, 2014. • The District's total assets exceeded total liabilities by $9,264,146. Unrestricted net position for Governmental Activities was $848,193 and for Business-type activities was $(312,823). Net investment in capital assets for Governmental Activities were $797,132 and for Business-type activities were$7,931,644. -4- 161 * � Agenda Page 59 Port of the islands Community Improvement District MANAGEMENT'S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2014 OVERVIEW OF THE FINANCIAL STATEMENTS(CONTINUED) Financial Highlights (Continued) ♦ Governmental activities revenues totaled $321,567 while governmental activities expenses and transfers totaled $773,808. Business-type revenues and transfers totaled $1,421,277 while business-type expenses totaled $1,296,992. Financial Analysis of the District The following schedule provides a summary of the assets, liabilities and net position of the District. It is not intended to be a complete presentation of government-wide financial activity. Net Position Governmental Activities Business-type Activities Total 2014 2013 2014 2013 2014 2013 Current assets $ 867,922 $ 1,275,358 $ (50,412) $ (71,395) $ 817,510 $ 1,203,963 Capital assets,net 797,132 836,860 11,300,541 11,725,588 12,097,673 12,562,448 Total Assets 1,665,054 2,112,218 11,250,129 11,654,193 12,915,183 13,766,411 Current liabilities 19,729 14,652 673,163 668,685 692,892 683,337 Non-current liabilities - - 2,958,145 3,490,972 2,958,145 3,490,972 Total Liabilities 19,729 14,652 3,631,308 4,159.657 3,651,037 4,174,309 Net Position Net investment in capital assets 797,132 836,860 7,931,644 7,915,750 8,728,776 8,752,610 Unrestricted 848,193 1,260,706 (312,823) (421,214) 535,370 839,492 Total Net Position $ 1,645,325 $ 2,097,566 $ 7,618,821 $ 7,494,536 $ 9,264,146 $ 9,592,102 The decrease in current assets for governmental activities is primarily due to the decrease in cash and investments as a result of the negative changes in net position. The decrease in capital assets for governmental activities and business-type activities is primarily due to depreciation in the current year. The decrease in non-current liabilities for business-type activities is primarily due to principal payments on bonds in the current year. - 5- 161 -4 ; Agenda Page 60 Port of the Islands Community Improvement District MANAGEMENT'S DISCUSSION AND ANALYSIS For the Year Ended September 30,2014 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 at the government-wide level for comparison purposes. It is not intended to be a complete presentation of District-wide financial activity. Financial Activity Governmental Activities Business-type Activities Total 2014 2013 2014 2013 2014 2013 Program Revenues Charges for services $ 319,002 $ 393,680 $ 1,043,279 $ 1,224,109 $ 1,362,281 $ 1,617,789 General Revenues Investment earnings(loss) 1,404 4,936 (1,261) 3,279 143 8,215 Miscellaneous 1,161 1,575 11,259 6,895 12,420 8,470 Total Revenues 321,567 400,191 1,053,277 1,234,283 1,374,844 1,634,474 Expenses General government 108,735 119,065 - - 108,735 119,065 Physical environment 297,073 269,411 - - 297,073 269,411 Water and sewer - - 1,296,992 1,256,672 " 1,296,992 1,256,672 Total Expenses 405,808 388,476 1,296,992 1,256,672 1,702,800 1,645,148 Transfers (368,000) - 368,000 - - - Change in Net Position (452,241) 11,715 124,285 (22,389) (327,956) (10,674) Net Position- Beginning of Year 2,097,566 2,085,851 7,494,536 7,516,925 9,592,102 9,602,776 Net Position- End of Year $ 1,645,325 $ 2,097,566 $ 7,618,821 $ 7,494,536 $ 9,264,146 $ 9,592,102 The decrease in charges for services is the result of nonpayment of assessments from landowners. The increase in physical environment is primarily due to an increase in repairs and maintenance. The increase in water and sewer expenses is primarily related to the loss on disposal of capital assets and an increase in repairs and maintenance. -6- 161145 45 Agenda Page 61 Port of the Islands Community Improvement District MANAGEMENT'S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2014 OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED) Capital Assets Activity The following schedule provides a summary of the District's capital assets at September 30, 2014. Governmental Business-Type Description Activities Activities Total Land and improvements $ 228,197 $ 293,061 $ 521,258 Improvements other than buildings 110,121 - 110,121 Infrastructure 1,313,611 15,321,761 16,635,372 Equipment 15,613 327,167 342,780 Construction in progress - 3,090 3,090 Less: accumulated depreciation (870,410) (4,644,538) (5,514,948) Total Capital Assets(Net) $ 797,132 $ 11,300,541 $ 12,097,673 During the year, depreciation was $39,728 for governmental activities. Current year additions and deletions were $130,073 and $116,596, respectively, and depreciation was $494,510 for business-type activities. General Fund Budgetary Highlights Actual governmental expenditures exceeded the budget due to an unanticipated transfer of funds to the Enterprise Fund. The budget was amended for the transfer of funds to the water and sewer enterprise funds. Debt Management Business-type Activities debt includes the following: • In October 2010, the District issued $5,500,000 Special Assessment Revenue, Series 2010 bonds. These bonds were issued to finance the construction of financing a potable water treatment plant within the District. The balance outstanding at September 30, 2014 was $3,490,972. -7- 161 A 5 4 Agenda Page 62 Port of the Islands Community Improvement District MANAGEMENT'S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2014 OVERVIEW OF THE FINANCIAL STATEMENTS(CONTINUED) Economic Factors and Next Year's Budget Port of the Islands Community Improvement 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 2015. Request for Information The financial report is designed to provide a general overview of Port of the Islands Community Improvement 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 District Manager, Severn Trent Management Services, 210 N. University Drive, Suite 702, Coral Springs, Florida 33071. - 8- 161 2. ' 5 Agenda Page 63 Port of the Islands Community Improvement District STATEMENT OF NET POSITION September 30, 2014 Governmental Business-Type Activities Activities Total ASSETS Current Assets Cash and equivalents $ 494,864 $ 122,075 $ 616,939 Cash restricted for customer deposits - 32,900 32,900 Investments 152,763 - 152,763 Accounts receivable 834 - 834 Interest receivable 840 - 840 Due from other governments 2,364 6,162 8,526 Prepaid expenses 2,036 2,672 4,708 Internal balances 214,221 (214,221) - Total Current Assets 867,922 (50,412) 817,510 Non-current Assets Capital assets, not being depreciated Land and improvements 228,197 293,061 521,258 Construction in progress - 3,090 3,090 Capital assets, being depreciated Infrastructure 1,313,611 15,321,761 16,635,372 Improvements other than buildings 110,121 - 110,121 Equipment 15,613 327,167 342,780 Less: accumulated depreciation (870,410) (4,644,538) (5,514,948) Total Non-current Assets 797,132 11,300,541 12,097,673 Total Assets 1,665,054 11,250,129 12,915,183 LIABILITIES Current Liabilities Accounts payable and accrued expenses 19,729 56,381 76,110 Customer deposits payable from restricted assets - 32,900 32,900 Accrued interest - 51,055 51,055 Bonds payable - 532,827 532,827 Total Current Liabilities 19,729 673,163 692,892 Non-current Liabilities Bonds payable - 2,958,145 2,958,145 Total Liabilities 19,729 3,631,308 3,651,037 NET POSITION Net investment in capital assets 797,132 7,931,644 8,728,776 Unrestricted 848,193 (312,823) 535,370 Total Net Position $ 1,645.325 $ 7.618.821 $ 9.264,146 See accompanying notes to financial statements. -9- 1 1 61 1 5 a U C) CO O ' CO CD N CD m N in CO N- 0 A- �' )) 0)) O V d ��. N CD CO U VO' A- N 0)) C H v M M N O O '0 C en C Ea y? N O O y • o S. _M _M <=0) O CO I CD > a >` N 17 ti N N CD C)) CO LLC) NCO re a) y = (`') M ' O 1� V' CO LO Lr) C N CV V v c"0') M N d• CD 6 ._ C V N- N- Co c Q a) C m 6 ER C) W c V A i�CO_ ' C V' O CC) e-N d co to C tN N CO COO V' - O V• N co M ❑ V' Z c C! •W = v co co 0 .-- COD CD lf) D) V' a) N C " v M M d O CD E cn C7 to V N r > W Ch O Q o H `m (7 C» co O._> L E 1— E () ,,a,; CO CO N 0) O r Q Q. N O 1- N O r CO N CO N E CO w N v u') O N N N O 0 C CD •V CO M 0 dM CD y C O N M O E W O > N CO O M O > y 'U) r U ` ow W ace UC C)) CC 0 0 a`) E Q 13 H iJ 21 69 E" a) E c Z o f v CQ � c a) 7 0 ` .S Ov) 1C 1— (-7,-,) a a o O F- N N d N M I,- C) 0) 0 > c a) CD 'C L N I� O 00 CA CO N (0 Cc0 CD O O C O I�In CO N — L -- +� CL Q - N N O� CD U N 0 O O O )C `.`. a) > rn C zi W o u o a) 43 :. ..' C7 > C a) Q E U ZS C u) C CO N Z ca 0 N Y •5 E a) :«J C E C .> C7 0 E cu t,- ) ` • O iti C a a)A > > Q N 0 ` c° rn c > Qm E C m m > CL > O a hE - T -s C 0E Q) >. C C O (I; +c5 Z+ O O L H ` O U V) N - C Q C E H E > U u.. a m m a) a) c 161 1 A5 Agenda Page 65 Port of the Islands Community Improvement District BALANCE SHEET GENERAL FUND September 30, 2014 ASSETS Cash and equivalents $ 494,864 Investments 152,763 Accounts receivable 834 Interest receivable 840 Due from other funds 214,221 Due from other governments 2,364 Prepaid expenses 2,036 Total Assets $ 867,922 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued expenses $ 19,729 Fund Balances: Nonspendable: Prepaid expenses 2,036 Assigned-first quarter operations 105,018 Unassigned 741,139 Total Fund Balances 848,193 Total Liabilities and Fund Balances S 867,922 See accompanying notes to financial statements. - 11 - 161 1 L 5 F Agenda Page 66 Port of the Islands Community Improvement District RECONCILIATION OF TOTAL GENERAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES September 30, 2014 Total Governmental Fund Balances $ 848,193 Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets, $1,667,542, net of accumulated depreciation, $(870,410), used in governmental activities are not financial resources and; therefore, are not reported in the funds. 797,132 Net Position of Governmental Activities $ 1,645,325 See accompanying notes to financial statements. _ 12_ f 161 rA Agenda Page 67 Port of the Islands Community Improvement Distric STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -GENERAL FUN( For the Year Ended September 30, 2014 Revenues Special assessments $ 319,002 Investment income 1,404 Miscellaneous revenues 1,161 Total Revenues 321,567 Expenditures Current General government 108,735 Physical environment 257,345 Total Expenditures 366,080 Revenues in excess of expenditures (44,513) Other financing sources(uses) Operating transfers out (368,000) Net change in fund balances (412,513) Fund Balances-October 1, 2013 1,260,706 Fund Balances-September 30, 2014 $ 848,193 See accompanying notes to financial statements. - 13- 1611 vi A 5 Agenda Page 68 Port of the Islands Community Improvement District RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GENERAL FUND TO THE STATEMENT OF ACTIVITIES For the Year Ended September 30, 2014 Net Change in Fund Balances-Total Governmental Funds $ (412,513) 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. This is the amount of depreciation for the current year. (39,728) Change in Net Position of Governmental Activities $ (452,241) See accompanying notes to financial statements. - 14- 161 ---- A Agenda Page 69 Port of the Islands Community Improvement District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL-GENERAL FUND For the Year Ended September 30, 2014 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Revenues Special assessments $ 417,984 $ 417,984 $ 319,002 $ (98,982) Investment income 2,090 2,090 1,404 (686) Miscellaneous revenues - - 1,161 1,161 Total Revenues 420,074 420,074 321,567 (98,507) Expenditures Current General government 119,794 119,794 108,735 11,059 Physical environment 250,280 250,280 257,345 (7,065) Capital outlay 50,000 50,000 - 50,000 Total Expenditures 420,074 420,074 366,080 53,994 Revenues in excess of expenditures - - (44,513) (44,513) Other financing sources (uses) Operating transfers out - (368,000) (368,000) - Net change in fund balances - (368,000) (412,513) (44,513) Fund Balances-October 1, 2012 1,285,808 1,260,705 1,260,706 1 Fund Balances-September 30,2014 $ 1,285,808 $ 892,705 $ 848,193 $ (44,512) See accompanying notes to financial statements. - 15- 161 ' FA5 Agenda Page 70 Port of the Islands Community Improvement District STATEMENT OF NET POSITION -WATER&SEWER FUND September 30, 2014 ASSETS Current Assets Cash and equivalents $ 122,075 Cash restricted for customer deposits 32,900 Due from other governments 6,162 Prepaid expenses 2,672 Total Current Assets 163,809 Non-Current Assets Land and improvements 293,061 Improvements other than buildings 15,321,761 Equipment 327,167 Construction in progress 3,090 Less: Accumulated depreciation (4,644,538) Total Non-Current Assets 11,300,541 Total Assets 11,464,350 LIABILITIES Current Liabilities Accounts payable and accrued expenses 56,381 Due to other funds 214,221 Customer deposits payable from restricted assets 32,900 Accrued interest 51,055 Bonds payable 532,827 Total Current Liabilities 887,384 Non-current Liabilities Bonds payable 2,958,145 Total Liabilities 3,845,529 NET POSITION Invested in capital assets, net of related debt 7,931,644 Unrestricted (312,823) Total Net Position $ 7,618,821 See accompanying notes to financial statements. - 16- of 16IjA5 Agenda Page 71 Port of the Islands Community Improvement District STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION - WATER&SEWER FUND September 30, 2014 Operating Revenues: Charges for services Water $ 45,207 Sewer 68,913 Irrigation 97,566 Special assessments 831,593 Miscellaneous revenues 11,259 Total Operating Revenues 1,054,538 Operating Expenses: General and administrative 124,456 Plant operations 527,265 Depreciation 494,510 Total Operating Expenses 1,146,231 Operating Income(Loss) (91,693) Non-Operating Revenues(Expenses): Loss on investments (1,261) Interest expense (133,073) Loss on disposal of capital assets (17,688) Total Non-Operating Revenues/(Expenses) (152,022) Transfers 368,000 Change in Net Position 124,285 Net Position-October 1, 2013 7,494,536 Net Position- September 30, 2014 $ 7,618,821 See accompanying notes to financial statements. - 17- 1 6 I A 5 Agenda Page 72 Port of the Islands Community Improvement District STATEMENT OF CASH FLOWS -WATER&SEWER FUND September 30, 2014 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers $ 231,451 Receipts from special assessments 831,593 Payments to suppliers for goods and services (775,728) Net Cash Provided by Operating Activities 287,316 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers in 368,000 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of capital assets (87,149) Principal payments on long-term debt (514,758) Interest paid on long-term debt (140,602) Net Cash Used by Financing Activities (742,509) CASH FLOWS FROM INVESTING ACTIVITIES Sale of investments 12,663 Net Decrease in Cash and Cash Equivalents (74,530) Cash and equivalents-October 1, 2013 229,505 Cash and equivalents-September 30, 2014 $ 154,975 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Operating income $ (91,693) Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation expense 494,510 Decrease in accounts receivable 7,012 Decrease in due from other governments 1,694 Increase in prepaid expenses (151) Decrease in due to other funds (117,994) Decrease in accounts payable and accrued expenses (5,862) Decrease in customer deposits (200) Net Cash Provided by Operating Activities $ 287,316 See accompanying notes to financial statements. - 18- 1611 5 Agenda Page 73 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of Port of the Islands Community Improvement 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 is a local unit of special purpose government located in Collier County, Florida, (the "County") which was established pursuant to Ordinance No. 86-64 (Act) enacted by the County Commission effective September 16, 1986. The District was established for the purpose of establishing and maintaining a water and sewer system, road and drainage systems, and other systems and facilities as provided in Section 190 of the Florida Statutes. The District is governed by a five-member Board of Supervisors ("the Board"). The District operates within the criteria established by Chapter 190. The Board has the final responsibility for: 1) assessing and levying maintenance taxes and special assessments, 2) approving budgets, 3) exercising control over facilities and properties, 4) controlling the use of funds generated by the District, 5) approving the hiring and firing of key personnel, and 6)financing improvements. As required by GAAP, these financial statements present the Port of the Islands Community Improvement 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 which 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 - 19- 5 Agenda Page 74 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE A—SUMMARY OF SIGNIFICANT 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 separate columns for the governmental and business-type activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities which normally are supported by special assessments and interest, are reported separately from business-type activities. Program revenues include charges for services and special assessments. Program revenues are netted with program expenses in the Statement of Activities to present the net cost of each program 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. 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. -20- 161 � �1 A r; Agenda Page 75 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED) 2. Measurement Focus and Basis of Accounting (Continued) b. Fund Financial Statements(Continued) Governmental Funds(Continued) The District has various policies 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. 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. 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 decreases (expenditures) in net current assets. Accordingly, they are said to present a summary of sources and uses of"available spendable resources"during a period. -21 - 161 r Agenda Page 76 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED) 2. Measurement Focus and Basis of Accounting(Continued) b. Fund Financial Statements(Continued) Governmental Funds (Continued) 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. Debt service expenditures, as well as expenditures related to compensated absences, are recorded only when payment is due. Enterprise Funds In the fund financial statements, the Enterprise Fund is presented using the accrual basis of accounting. Revenues are recognized when they are earned and expenses are recognized when the related goods or services are delivered. In the fund financial statements, the Enterprise Fund is presented using the economic resources measurement focus. This means that all assets and all liabilities (whether current or non-current) associated with their activity are included on their balance sheets. Enterprise Fund operating statements present increases (revenues) and decreases (expenses) in total net position. The District applies all GASB pronouncements as well as all FASB and AICPA pronouncements, issued on or before November 30, 1989,which do not conflict with, or contradict, GASB pronouncements. Enterprise Fund operating revenues, such as charges for services, result from exchange transactions associated with the principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal values. Non-operating revenues, such as investment earnings, result from non- exchange transactions or ancillary activities. Amounts paid to acquire capital assets are capitalized as assets in the fund financial statements, rather than reported as expenditures. Proceeds of long-term debt are recorded as a liability in the fund financial statements, rather than as other financing sources. Amounts paid to reduce long-term indebtedness are reported as a reduction of the related liabilities, rather than as an expense. - 22- 161 1 � s Agenda Page 77 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED) 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, except those required to be accounted for in another fund. b. Enterprise Major Fund Water and Sewer Fund - The Water and Sewer Fund accounts for the operations of the water and sewer plant, which are funded by proceeds from operations of these facilities, including special assessments, user fees, meter fees and connection fees. c. Non-Current Governmental AssetslLiabilities GASB Statement 34 requires that non-current governmental assets, such as land and buildings, and non-current governmental liabilities, such as general obligation bonds, due to developer and accrued compensated absences 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; -23- 16111 NM+ Agenda Page 78 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED) 4. Assets, Liabilities, and Net Position or Equity(Continued) a. Cash and Investments(Continued) 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 Section 280.02, Florida Statutes. b. Receivables and Payables Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as "due to/from other funds". Any residual balances outstanding between the governmental activities and business-type activities are reported as"internal balances". c. 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. d. Capital Assets Capital assets, which include land, buildings, infrastructure, equipment and construction in progress, 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. -24- 161 1A5 Agenda Page 79 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED) 4. Assets, Liabilities, and Net Position or Equity(Continued) d. Capital Assets (Continued) 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: Improvements other than buildings 5-48 years Equipment 5-15 years Infrastructure 15-30 years e. Budgets Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to Chapter 190 and Section 200.065, 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. 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 Districts governmental funds, $848,193, differs from "net position" of governmental activities, $1,645,325, 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 as follows. -25- 1 6 1 r 5 Agenda Page 80 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE B — RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS (CONTINUED) 1. Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position(Continued) 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. Improvements $ 228,197 Infrastructure 1,313,611 Equipment 15,613 Improvements other than buildings 110,121 Accumulated depreciation (870,410) Total $ 797,132_ 2. Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities The "net changes in fund balances" for government funds, $(412,513), differs from the "change in net position" for governmental activities, $(452,241), 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 as follows. 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 are allocated over their estimated useful lives and reported as depreciation. As a result, fund balances decrease by the amount of financial resources expended, whereas, net position decrease by the amount of depreciation charged for the year. Depreciation expense $ (39,728) -26- 1oI1A5 Agenda Page 81 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 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. The District does, however, follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2014, the District's bank balance was $650,062 and the carrying value was $649,839. 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. As of September 30, 2014, the District had the following investments and maturities: Investment Maturities Fair Value Certificate of Deposit 03/13/15 $ 152,763 Investments The District's investment policy allows management to invest funds in investments permitted under Section 218.415, Florida Statutes. Among other investments, the policy allows the District to invest in the State Board of Administration Local Government Surplus Trust Funds. Interest Rate Risk The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. Credit Risk The District has no investment policy that would further limit its investment choices. The Local Government Surplus Funds Trust is an authorized investment under Section 218.415, Florida Statutes. The District's investments in the state investment pool and government loans are limited by state statutory requirements and bond compliance. -27- 6 A 5 Agenda Page 82 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE C-CASH AND INVESTMENTS(CONTINUED) Concentration of Credit Risk The District places no limit on the amount it may invest in any one fund. The investment in the certificate of deposit represents 100% of the District's investments. The types of deposits and investments and their level of risk exposure as of September 30, 2014 were typical. NOTE D—SPECIAL ASSESSMENT REVENUES Special assessment revenues recognized for the 2013-2014 fiscal year were levied in October 2013. 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; however, the District had $866,483 in special assessments receivable at September 30, 2014 which were offset by an allowance for doubtful accounts in the same amount. NOTE E—RECEIVABLE AND PAYABLE BALANCES Accounts Receivable Accounts receivable in the Enterprise Fund at September 30, 2014 consisted of trade receivables. Receivables are recorded at their net realizable value. Accounts Payable Accounts payable and accrued expenses in the General Fund consisted of vendor payables due in the amount of$19,729. Accounts payable and accrued expenses in the Enterprise Fund consisted of vendor payables in the amount of$56,381. - 28- 16I ' fA5 Agenda Page 83 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE F—CAPITAL ASSETS Capital asset activity for governmental activities for the year ended September 30, 2014 was as follows: Balance Balance October 1, September 30, 2013 Additions Deletions 2014 Governmental Activities: Capital assets,not being depreciated: Land and improvements $ 228,197 $ - $ - $ 228,197 Capital assets,being depreciated: Infrastructure 1,313,611 - 1,313,611 Improvements other than buildings 110,121 - - 110,121 Equipment 15,613 - - 15,613 Total Capital Assets, Being Depreciated 1,439,345 - - 1,439,345 Total Capital Assets 1,667,542 - - 1,667,542 Less accumulated depreciation for: Infrastructure (715,380) (38,838) - (754,218) Buildings and improvements (99,689) (890) - (100,579) Equipment (15,613) - - (15,613) Total Accumulated Deprecitation (830,682) (39,728) - (870,410) Total Capital Assets Being Depreciated, Net 608,663 (39,728) - 568,935 Governmental Activities Capital Assets $ 836,860 $ (39,728) $ - $ 797,132 Depreciation of$39,728 was charged to physical environment. -29- 1 b r 145 Agenda Page 84 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE F—CAPITAL ASSETS(CONTINUED) The following is a summary of changes in the Water&Sewer Fund fixed assets for the year ended September 30, 2014. Balance Balance October 1, September 30, 2013 Additions Deletions 2014 Business-type Activities: Capital assets,not being depreciated: Land and improvements $ 293,061 $ - $ - $ 293,061 Construction in progress 3,090 - - 3,090 Total Capital Assets, Not Depreciated 296,151 - - 296,151 Capital assets,being depreciated: Improvements other than buildings 15,409,143 25,200 (112,582) 15,321,761 Equipment 226,308 104,873 (4,014) 327,167 Total Capital Assets,Being Depreciated 15,635,451 130,073 (116,596) 15,648,928 Less accumulated depreciation for: Improvements other than buildings (4,113,195) (482,315) 51,972 (4,543,538) Equipment (92,819) (12,195) 4,014 (101,000) Total Accumulated Depreciation (4,206,014) (494,510) 55,986 (4,644,538) Total Capital Assets Depreciated,Net 11,429,437 (364,437) (60,610) 11,004,390 Business-Type Activities Capital Assets $ 11,725,588 $ (364,437) $ (60,610) $ 11,300,541 Depreciation of$494,510 was charged to water and sewer. NOTE G—LONG TERM DEBT The following is a summary of activity in the long-term debt of the District for the year ended September 30, 2014: Business-type Activities Long-term debt at October 1, 2013 $ 4,005,730 Principal payments (514,758) Long-term debt at September 30, 2014 $ 3,490,972 -30- • • 16I15 Agenda Page 85 Port of the Islands Community Improvement District NOTES TO FINANCIAL STATEMENTS September 30, 2014 NOTE G—LONG TERM DEBT(CONTINUED) Long-term debt is comprised of the following: $5,500,000 Series 2010 Special Assessment Revenue Bonds, due in annual principal installments, beginning May 2011. Interest is due semi-annually on May 1 and November 1 at a rate of 3.510%. $ 3,490,972 The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2014 are as follows: Year Ending September 30, Principal Interest Total 2015 $ 532,827 $ 122,533 $ 655,360 2016 551,529 103,831 655,360 2017 570,887 84,472 655,359 2018 590,925 64,434 655,359 2019 611,667 43,693 655,360 2020 633,137 22,223 655,360 Totals $ 3,490,972 $ 441,186 $ 3,932,158 NOTE H—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 I—LITIGATION The District is involved in litigation with a landowner related to the non-payment of fiscal year 2010 through 2014 special assessments. In total, the District has not received $866,843 of assessments. During 2010, the landowner filed for Chapter 11 Bankruptcy; however, the bankruptcy was dismissed by the Judge. An allowance account has been established related to outstanding assessments. The District received a ruling by the Judge in the District's favor regarding the legality of assessments; however, the District has not received any payment for the special assessment balance noted above. Subsequent to year-end, the District began direct billing of two landowners, including the landowner noted above, in order to reduce the wait time before putting liens on the property. - 31 - 1611 re Berger, Toombs, Elam, Agenda Page 86 << Gaines & Frank Certified Public Accountants Pt. 600 Citrus Avenue Suite 200 Fort Pierce,Florida 34950 772/461-6120//461-1155 FAX: 772/468-9278 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 Port of the Islands Community Improvement 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 Port of the Islands Community Improvement District, as of and for the year ended September 30, 2014, and the related notes to the financial statements, and have issued our report thereon dated April 7, 2015. Internal Control Over Financial Reporting In planning and performing our audit, we considered Port of the Islands Community Improvement 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 Port of the Islands Community Improvement District's internal control. Accordingly, we do not express an opinion on the effectiveness of Port of the Islands Community Improvement 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. - 32- Fort Pierce/Stuart Member AICPA Member AICPA Division For CPA Firms Number PCPA Private Companies Practice Section 1611A5 A 5 Agenda Page 87 < Gaines & Frank b Elam, < (Eaf(ied PuMlr 4,ruu U.., Pl. Board of Supervisors Port of the Islands Community Improvement District Compliance and Other Matters As part of obtaining reasonable assurance about whether Port of the Islands Community Improvement 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 purpose. verger, Toombs, 2Cam, Gaines c Frank Berger, Toombs, Elam, Gaines& Frank Certified Public Accountants PL Fort Pierce, Florida April 7, 2015 - 33- 161 ��1 5 e e Berger, Toombs, Elam, Agenda Page 88 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 Port of the Islands Community Improvement District Collier County, Florida Report on the Financial Statements We have audited the financial statements of the Port of the Islands Community Improvement District as of and for the year ended September 30, 2014, and have issued our report thereon dated April 7, 2015. Auditor's Responsibility 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. Other Reports and Schedule 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 and our Independent Auditor's Report on an examination conducted in accordance with AICPA Professionals Standards, Section 601 regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in that report, which is dated April 7, 2015, should be considered in conjunction with this Management Letter. Prior Audit Findings Section 10.554(1)(i)1., Rules of the Auditor General, requires 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. Financial Condition Section 10.554(1)(i)5.a., Rules of the Auditor General, requires that we report the results of our determination as to whether or not Port of the Islands Community Improvement District has met one or more of the conditions described in Section 218-503(1), Florida Statutes, and identification of the specific conditions met. In connection with our audit, we determined that the Port of the Islands Community Improvement District did not meet any of the conditions described in Section 218.503(1), Florida Statutes. - 34- Fort Pierce/Stuart Member AICPA Member AICPA Untruen For CPA Firms ...number FICPA Private Companies Practice Section 16I 1 1A 5 Agenda Page 89 er.ti Berger, Toombs, Elam, (: P Gaines & Frank Certified Public Ai<'ounl.inls PL To the Board of Supervisors Port of the Islands Community Improvement District Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial conditions assessment procedures. It is management's responsibility to monitor the Port of the Islands Community Improvement District'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. Annual Financial Report Section 10.554(1)(i)5.b., Rules of the Auditor General, requires that we report the results of our determination as to whether the annual financial report for the Port of the Islands Community Improvement District for the fiscal year ended September 30, 2014, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2014. In connection with our audit, we determined that these two reports were in agreement. Other Matters Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the Management Letter any recommendations to improve financial management. In connection with our audit, we have no such recommendations. Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we discovered no such findings. Purpose of this Letter Our Management Letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties. verger, (Toombs, ECam, • Baines c Fran& Berger, Toombs, Elam, Gaines& Frank Certified Public Accountants PL Fort Pierce, Florida April 7, 2015 - 35- 1b11 T e e,, Berger, Toombs, Elam, Agenda Page 90 ecp Gaines & Frank Certified Public Accountants PI_ 600 Citrus Avenue Suite 200 Fort Pierce,Florida 34950 772/461-6120//461-1155 FAX: 772/468-9278 INDEPENDENT ACCOUNTANT'S REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES To the Board of Supervisors Port of the Islands Community Improvement District Collier County, Florida We have examined Port of the Islands Community Improvement District's compliance with Section 218.415, Florida Statutes during the year ended September 30, 2014. Management is responsible for Port of the Islands Community Improvement District's compliance with those requirements. Our responsibility is to express an opinion on Port of the Islands Community Improvement District's compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Port of the Islands Community Improvement District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Port of the Islands Community Improvement District's compliance with the specified requirements. In our opinion, Port of the Islands Community Improvement District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2014. Berger, Toombs, Elam, Gaines c Frank Berger, Toombs, Elam, Gaines&Frank Certified Public Accountants PL Fort Pierce, Florida April 7, 2015 -36- Fort Pierce/Stuart Member AICPA Member AICPA Division For CPA Firms Member FICPA Private Companies Practice Section 161 1 A 5 Agenda Page 92 PORT OF THE ISLANDS Community Improvement District Annual Operating Budget Fiscal Year 2016 Version 1 -Proposed Budget: (Printed on 4/6/2015 10am) Prepared by: SEVERN TRENT SERVICES 1611 ; 54 PORT OF THE ISLANDS Agenda Page 93 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 2015-2016 Non-Ad Valorem Assessment Summary 14 CIP Schedule 15 16I � S Agenda Page 94 Port of the Islands Community Improvement District Operating Budget Fiscal Year 2016 ........... . 161 1 A5 PORT OF THE ISLANDS Agenda Page 95 Community Improvement District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2016 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2013 FY 2014 FY 2015 MAR-2015 SEP-2015 FY 2015 FY 2016 REVENUES Interest-Investments $ 3,324 $ 2,262 $ 2,153 $ 884 $ 884 $ 1,768 $ 1,673 Net Incr(Decr)In FMV-Invest 1,580 (858) - - - - - Interest-Tax Collector 32 - - 22 - 22 - Special Assmnts-Tax Collector 402,232 327,741 430,597 306,086 28,023 334,109 334,109 Special Assmnts-Off Roll - - - - 96,490 96,490 96,490 Special Assmnts-Discounts (8,552) (8,739) (17,224) (9,818) - (9,618) (17,224) Other Miscellaneous Revenues 1,575 1,162 - 1,870 - 1,870 - TOTAL REVENUES 400,191 321,568 415,526 299,044 125,396 424,440 415,048 I EXPENDITURES Administrative P/R-Board of Supervisors 6,800 6,500 7,000 2,900 4,100 7,000 7,000 FICA Taxes 520 497 536 222 314 536 536 ProfServ-Engineering 18,450 16,010 28,000 4,628 13,000 17,628 19,000 ProfServ-Legal Services 28,245 19,705 14,000 6,000 14,000 20,000 20,000 ProfServ-Mgmt Consulting Sery 28,365 29,216 30,092 15,046 15,048 30,092 30,995 ProfServ-Property Appraiser 6,531 6,531 6,459 6,460 - 8,480 5,012 ProfServ-Special Assessment 9,243 9,520 9,806 9,806 - 9,806 10,100 Auditing Services 3,500 3,500 3,500 - 3,500 3,500 3,500 Communication-Telephone 14 - - - - - Postage and Freight 1,030 724 1,200 159 159 318 600 Rental-Meeting Room 300 300 350 150 200 350 350 Insurance-General Liability 8,103 7,989 8,786 4,072 4,380 8..452 9,719 Printing and Binding 1,006 807 1,300 143 143 286 600 Legal Advertising 223 1,719 1,000 162 838 1,000 1,000 Miscellaneous Services 543 425 1,380 338 338 876 1,380 Misc-Assessmnt Collection Cost 4,860 4,016 8,612 4,994 1,688 6,682 6,682 Misc-Web Hosting 969 969 1,000 425 575 1.000 1,000 Office Supplies 186 132 500 14 300 314 350 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 119,063 108,735 121,698 55,694 58,580 114,274 117,999 Field Contracts-Mgmt Services 97,123 100,000 100,000 50,000 50,000 100,000 100,000 Contracts-Landscape 85,727 82,830 82,830 41,415 41,415 82,630 82,830 Electricity-Streetllghting 18,154 15,176 19,000 7,437 7,437 14,874 18,000 Utility-Irrigation 13.060 15,956 17,000 7,644 7,644 15,288 17,000 R&M-Renewal and Replacement 12714 33,584 70,000 840 69,180 70,000 70,000 R&M-Roads&Alleyways - 8,295 4,000 19,000 - 19,000 8,220 R&M-Signage - 1,525 1,000 84 916 1,000 1,000 Total Field 226,778 257,346 293,830 126,420 176,672 302,992 297,050 I TOTAL EXPENDITURES 345,841 366,081 415,526 182,114 235,152 417,266 415,048 Annual Operating Budget Fiscal Year 2016 1 161 ' 1A5 A5 PORT OF THE ISLANDS Agenda Page 96 Community Improvement District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2016 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2013 FY 2014 FY 2015 MAR-2015 SEP-2015 FY 2015 FY 2016 Excess(deficiency)of revenues Over(under)expenditures 54,350 (44,513) - 116,930 (109,756) 7,174 (0) OTHER FINANCING SOURCES(USES) Operating Transfers-Out - (368,000) - - - - Contribution to(Use of)Fund Balance - - - - - - (0) TOTAL OTHER SOURCES(USES) - (368,000) - - - - (0)1 Net change in fund balance 54,350 (412.513) - 118,930 (109,756) 7,174 (0) FUND BALANCE,BEGINNING 1,206,355 1.260,705 848,192 848,192 - 848,192 855,366 FUND BALANCE,ENDING $ 1,260,705 $848,192 $848,192 $965,122 $(109,756) $ 855,366 $855,366 Annual Operating Budget Fiscal Year 2016 2 1 6 Agenda Page 97 PORT OF THE ISLANDS Community Improvement District General Fund Budget Narrative Fiscal Year 2016 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-Off Roll The District will invoice and collect Non-Ad Valorem assessments,on certain properties within the District, off roll in order to pay far 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 P/R-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 budget for collection costs was based on 1.5%of the anticipated assessment collections. Annual Operating Budget Fiscal Year 2016 3 1 6 I 1 A 5 Agenda Page 98 PORT OF THE ISLANDS Community Improvement District General Fund Budget Narrative Fiscal Year 2016 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. 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 2016 budget includes an estimated 15% increase of the actual FY 2015 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 FY2016 budget for collection costs was based on a maximum of 2%of the anticipated assessment collections. 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 Operating Budget Fiscal Year 2016 4 1 5 Agenda Page 99 PORT OF THE ISLANDS Community Improvement District General Fund Budget Narrative Fiscal Year 2016 EXPENDITURES Administrative(continued) Annual District Filing Fee The District is required to pay an annual fee of$175 to the Department of Economic Opportunity Division of Community Development. 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-Roads&Alleyways Expenses incurred while maintaining District roadways. R&M-Signage This category includes costs for maintaining or replacing signage throughout the District. Annual Operating Budget Fiscal Year 2016 5 1b0 1A5 A5 PORT OF THE ISLANDS Agenda Page 100 Community Improvement District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2016 $ 863,366 Net Change in Fund Balance-Fiscal Year 2016 (0) Reserves-Fiscal Year 2016 Additions - !Total Funds Available(Estimated)-9/30/2016 863,366 ! ALLOCATION OF AVAILABLE FUNDS Assigned Fund Ba lance Operating Reserve-First Quarter Operating Capital 103,762 (1) Subtotal 103,762 ! Total Allocation of Available Funds 103,762 ' Total Unassigned(undesignated)Cash $ 759,604 Notes (1)Represents approximately 3 months of operating expenditures Annual Operating and Debt Service Budget Fiscal Year 2016 6 1611 .. A5 PORT OF THE ISLANDS Agenda Page 101 Community Improvement District Water And Sewer Fund Summary of Revenues,Expenses and Changes in Net Assets Fiscal Year 2016 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2013 FY 2014 FY 2015 MAR-2015 SEP-2015 FY 2015 FY 2016 OPERATING REVENUES Interest-Investments $ 337 $ 337 $ 285 $ 74 $ 211 $ 285 $ 257 Water Revenue 41,561 45,207 53,700 26,492 26,492 52,984 52,000 Sewer Revenue 64,573 68,913 81,200 38,430 38,430 76,860 76,000 Irrigation Fees 91,707 95,066 110,900 54,431 54,431 108,862 108,000 Meter Fees - 2,500 - - - - - Net Incr(Deer)In FMV-Invest 2,942 (1,598) - - - - - Special Assmnts-Tax Collector 1,048,562 854,375 1,139,500 770,301 70,523 640,824 840,824 Special Assmnts-Off Roll - - - - 298,676 298,876 298,876 Special Assmnts-Discounts (22,294) (22,782) (45,580) (24,707) - (24,707) (45,580) Other Miscellaneous Revenues 6,895 11,259 2,121 2,121 - TOTAL OPERATING REVENUES 1,234,283 1,053,277 1,340,005 867,142 488,763 1,355,905 1,330,177 1 OPERATING EXPENSES Personnel and Administration P/N-Board of Supervisors 6,800 6,500 7,000 2,900 4,100 7,000 7,000 FICA Taxes 520 497 536 222 314 538 536 ProfServ-Engineering 18,450 16,010 26,000 4,628 13,000 17,628 19,000 ProfServ-Legal Services 28,245 19,704 14,000 6,000 14,000 20,000 20,000 ProfServ-MgmtConsultingsery 28,482 29,336 30,216 15,108 15,108 30,216 31,122 ProfServ-Property Appraiser 17,025 17,025 17,093 17,096 - 17,096 12,612 ProfServ-Special Assessment 7,885 8,122 8,366 8,366 - 8,386 8,617 Auditing Services 3,500 3,500 3,500 - 3,500 3,500 3,500 Communication-Telephone 14 - - - - - - Postage and Freight 786 883 1,200 509 336 845 700 Rental-Meeting Room 300 300 350 150 200 350 350 Insurance-General Liability 7,577 7,989 8,786 4,072 4,380 8,452 9,719 Printing and Binding 754 807 1,300 143 143 286 600 Legal Advertising 162 1,719 1,000 162 838 1,000 1,000 Miscellaneous Services 2,467 1,463 2,600 897 897 1,794 2,600 Misc-Assessmnt Collection Cost 12,670 10,470 22,790 12,587 4,249.49 16,816 16,816 Office Supplies 214 132 500 14 300 314 350 Depreciation Expense 491,203 494,510 - - - Total Personnel and Administratfo, 627,054 618,967 145,237 72,834 61,365 134,199 134,523 Water-Sewer Comb Services Contracts-Mgmt Services 302,932 309,533 309,533 154,766 154,767 309,533 309,533 Contracts-Other Services 1,750 1,750 - Contracts-Generator Maint - - 1,750 551 1,750 2,301 1,750 Communication-Teleph-Field 4,595 4,336 4,512 2,240 1,698 3,938 4,270 Utility -General 80,034 82,514 87,000 41,901 41,901 83,802 86,000 R&M-Irrigation 9,845 33,162 35,000 2,384 17,500 19,884 22,570 R&M-Lift Station - - - 109 4,000 4,109 6,000 R&M-Potable Water Lines - - - 4,331 - 4,331 6,000 Annual Operating Budget Fiscal Year 2016 7 . � 1b1 ' 1 ' A5 PORT OF THE ISLANDS Agenda Page 102 Community Improvement District Water And Sewer Fund Summary of Revenues, Expenses and Changes in Net Assets Fiscal Year 2016 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2013 FY 2014 FY 2015 MAR-2015 SEP-2015 FY 2015 FY 2016 R&M-Water Plant 47.899 58,446 20.000 12,591 - 12.591 10,000 R&M-Waste Water Plant 26,338 32,050 15,000 (3,418) 15,000 11,582 16,000 R&M-Sewer Lines - - - 1,271 3,000 4,271 6,000 R&M-Backflow Inspection - - - 240 4,000 4,240 4,000 Misc-Bad Debt 1,267 99 - - - Misc-Licenses&Permits 4,375 7,375 7,375 - 7,375 7,375 7,375 Cap Outlay-Waste Water Plant - - 50,796 18,764 32,032 50,796 60,796 Total Water-Sewer Comb Services 478,835 527,265 530,966 235,730 283,023 518,753 540,294 Debt Service Principal Debt Retirement - - 532,827 - 532,827 532,827 551,529 Interest Expense 150,783 133,073 122,533 10,211 112,322 122,533 103,831 Total Debt Service 150,783 133,073 655,360 10,211 645,149 655,360 655,360 TOTAL OPERATING EXPENSES 1,256,672 1,279,305 1,331,563 318,775 989,536 1,308,311 1,330,177 Operating income(loss) (22,389) (226,028) 8,442 548,367 (500,773) 47,594 C OTHER FINANCING SOURCES(USES) Interfund Transfer-In - 368,000 - - - - - Comp/Loss-Gen'I Capri Assets - (17,688) - - - - - Contribution to(Use of)Fund Balance - - - - - I TOTAL OTHER SOURCES(USES) - 350,312 - - - _ Change in net assets (22,389) 124,284 8,442 548,367 (500,773) 47,594 0 TOTAL NET ASSETS,BEGINNING 7,548,546 7,494,536 7,618,820 7,618,820 - 7,618,820 7,666,414 TOTAL NET ASSETS,ENDING $7,494,536 $7,618,820 $7,627,262 $8,167,187 $(500,773) $7,666,414 $7,666,414 Annual Operating Budget Fiscal Year 2016 8 161 • i . Agenda Page 103 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2016 REVENUES Interest-Investments The District earns interest income on their operational accounts. Water Revenue Rates are based on prior year's water consumption,anticipated use and a modest board approved rate increase based on the consumers price index. Sewer Revenue Rates are based on prior year's water consumption,anticipated use and a modest board approved rate increase based on the consumer's price index. Irrigation Fees Rates are based on prior year's irrigation water consumption,anticipated use and a modest board approved rate increase based on the consumer's price index. 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-Off Roll The District will invoice and collect Non-Ad Valorem assessments, on certain properties within the District, off roll 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 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 7.65%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 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. Annual Operating Budget Fiscal Year 2016 9 161IA5 Agenda Page 104 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2016 • EXPENDITURES Administrative(continued) 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. 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 FY2016 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. Postage and Freight This represents actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence. The fees will be split with the General Fund evenly. Water and sewer billing costs (i.e. international mailing)will be recorded in the water and sewer fund only. 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 2016 budget includes an estimated 15%increase of the actual FY 2015 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%on the amount of special assessments collected and remitted, whichever is greater. The FY2016 budget for collection costs was based on a maximum of 2%of the anticipated assessment collections. Annual Operating Budget Fiscal Year 2016 10 11,--A4 Agenda Page 105 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2016 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. Water-Sewer Comb Services 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-Generator Maintenance 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) $2,700 Century Link Plant Fax Line (239-642-9392) 600 Simplex Grinnell Alarm Monitoring 850 Sprint Automated svc to notify Bob of power failures 120 Total $4,270 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 Mans 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-Lift Station Repair and maintenance costs associated with the lift stations. R&M—Potable Water Lines Repair and maintenance costs associated with the water lines throughout the district. Annual Operating Budget Fiscal Year 2016 11 161 ` Agenda Page 106 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2016 EXPENDITURES Field(continued) R&M—Water Plant Repair and maintenance costs associated with the water plant. R&M—Waste Water Plant Repair and maintenance costs associated with the waste water plant. R&M—Sewer Lines Repair and maintenance costs associated with the sewer lines throughout the district. R&M-Backflow Inspection Costs for periodic backflow inspections and repairs. 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—Waste Water Plant Funds spent on capital improvement projects for the water and waste water plants. • W-19$10,000 VIDEO SURVEILLANCE AND MONITORING • Ww-23$30,796 SCADA AND CONTROL PANEL • 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 Budget Fiscal Year 2016 12 161 1, ..., 5 PORT OF THE ISLANDS Agenda Page 107 Community Improvement District Debt Amortization Series 2010 Bond Period Coupon Debt Annual Debt Ending Principal Rate Interest Service Service 1 11/1/2015 $51,915.45 $51,915.45 5/1/2016 $551,528.72 3.510% $51,915.45 $603,444.17 $655,359.621 11/1/2016 $42,236.12 $42,236.12 5/1/2017 $570,887.38 3.510% $42,236.12 $613,123.50 $655,359.62 11/1/2017 $32,217.04 $32,217.04 5/1/2018 $590,925.52 3.510% $32,217.04 $623,142.56 $655,359.60 11/1/2018 $21,846.30 S21,846.30 5/1/2019 $611,667.01 3.510% $21,846.30 $633,513.31 $655,359.61 11/1/2019 $11,111.55 $11,111.55 5/1/2020 $633,136.52 3.510% $11,111.55 $644,248.07 $655,359.62 Total $3,490,971.66 $441,186.02 $3,932,157.68 $3,932,157.68 13 16I � � . Agenda Page 108 Port of the Islands Community Improvement District Supporting Budget Schedules Fiscal Year 2016 • 161 1A5 PORT OF THE ISLANDS Agenda Page 110 Community Improvement District All Funds Capital Improvement Program-Status Report Updated thru 3/31/15 WATER PROGRAM PROJECT PAID NQ, FY 2015 PAID IN FY PROJECT PROJECT NAME OR DESCRIPTION ESTIMATE I'I 2015?t INCEPTION TO FY 2016 FY 2017 FY 2018 FY 2019 DATE I') STATUS W-19 Video surveillance and monitoring $ - $ - $ - $ 10,000 $ - $ - $ - ST project W-22 Fire hydrant repair and replacement $ - $ - $ 3,090 $ - $ - $ - $ - ST project Total Water Program $ - $ - $ 3,090_$ 10,000 $ - $ - $ WASTEWATER PROGRAM ST combined WW-23 SCADA and control panel for lift stations $ 30,796 $ - $ 77,137 $ 30,796 $ 30.796 $ - $ - w/W W-26 WW-24 MBR Membranes $ 20,000 $ - $ - $ 20,000 $ - $ - $ - ST WW-25 Misc.Equipment Replacement $ - $ - $ - $ - $ - $ $ WW-26 Replace lift station control panel '$ 96,204 $ 18,764 $ 18,764 $ - $ - $ - $ - 'Total Wastewater Program $ 147,000 $ 18,784 $ 95,901 $ 50,796 $ 30,796 $ - $ Total Water/Sewer Fundl $ 147,0001$ 18,7641$ 98,9901$ 60,796 I$ 30,7961$ -1$ NOTE The The amounts shown in the'FY 2015 ESTIMATE'columns reflect the most recent approximation of what the District expects to spend on each project between October 1,2014 and September 30,2015. NOTE('): The amounts shown In the'PAID IN FY 2015'column reflects project expenses incurred between October 1,2014 and September 30,2015. The total of these columns will tie to the amounts reported as'Year to Date Actual-Capital Outlay'in the corresponding monthly financial statements. NOTE lal: The'PAID INCEPTION TO DATE'columns reflect any payments made between FY 2006 and present Report Date:4/2/2015 15 161 17 March 2015 Field Managers Report Water Treatment Plant Operations and Maintenance The Water Treatment Plant produced and distributed 2.741 MG for the month of March,which is an average of .088 MGD. Wastewater Plant Operations and Maintenance The WWTP treated approximately 2.485 MG for the month of March, which is an average of.080 MGD Reuse System Operations and Maintenance The reuse system delivered 8.602 MG for the month of March, which is an average of.277 MGD. Permit Compliance: Water Treatment Plant: *All permit requirements met Wastewater Treatment Plant *All permit requirements met At Our Treatment Facility • The new lift station panels have been installed. I'll prepare photos for the next month's report. • We entered into the Best Tasting Water Contest again this year. Unfortunately, we did not win, however, we received an honorable mention. I'm confident that we can win, sooner or later! • One of our MBR blowers failed. New one has been ordered and soon to be delivered and installed. • On Wednesday April 15th,our Severn Trent Executive Management Team, along with many of our Company's Leaders, came to Port of The Islands for a visit, and toured our facility. 12600 Union Road Naples,Florida 34114•Tel 239-642-9219•Fax 239-642-9469•wwwseverntrenlservices.com 1 6 1 1 __ . 5 42. kectite )2 ‘...3 i March 2015 Field Managers Report In The Community: • The Stella Maris North Community had a work day one weekend, and spent it cleaning the monuments on the end of Cays Drive. Now, since the monuments are clean, the community has asked if we would have them painted. t \ 1 •af !t r •q L Y CMMS Work Order Report—March 2015 Summary Total#of WO's 248 Total#of Preventative 247 Total#of Corrective 1 Total#of WO's Completed 240 Total Hours 125.0 2 12600 Union Road Naples,Florida 34114•Tel 239-642-9219•Fax 239-642-9469•ynvw_severntrentservices.corn 1 6 1 A 5 , ... March 2015 Field Managers Report Potable Water Report 5- 45 4 35- 3 2476 2 711 2 461 , 3 25 2 319 ----- •5. ....____ 2 044 2 097 21.8›......." 2 "---........----,a,, 172 1.62Z •-• 2 132 •-..., --__ 1 585 1.587 2 143 2 072 1 98 1 5 ,...... _._—.--- 1 1.403 1.434 1.533 1 08 1 062 0969 1 142 0 5 5% 6% 6% 8% 8% 9% 6% 7% 8% 8% 8% 8% 0 ---.- Apr-14 Nay-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov 14 Dec 14 Jan-15 Feb-15 Mar-15 --e--Water Produced - -Water Billed ...dr....56 Water Loss (Approximately 1.6 million gallons reuse for P01 CID Properties—Leaving approximately.6 million unaccounted for,making up the 8%loss of water) Irrigation Water Report , -693 .....---.—..-, 8 0 7 0 7 144 5 981 7 062 6 959 8 0 - 6181 165 5 290 5 24>,.....0' 6 325 o 5 0 5 704 5 229 (79 413 .■..„....„....,...■ 701 5 4 0 4.444 et ;1 3 921 30 i 20 I 10 90' 9% 4% 6% 8% 7% 7% 8% 8% 8% 7% 8% 1 00 ------ . Apr-14 ay-14 Jun-14 Jul-14 gation Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 -1 0• M u Meter i I .....g.m Irrigation Billed....1... Water Loss (Approximately.44 MG is used for flushing or treatment plant usage—Leaving approximately.23 MG unaccounted for water,making up the 8% wafer loss) 3 12600 Union Road Naples,Florida 34114•Tel 239-642-9219•Fax 239-642-9469•mwseverntrentservices.com 161 , .__ 1 A � ffi Og PO Box 99Q 0 OLUTIONS OF SWFLA INC Proposal MK NAPLES, FL 34116 Proposal Date: 4/15/2015 Proposal#: 409 Project: Bill To: Soto Lawn 2830 35th Ave NE Naples, 34120 Description Est. Hours/Qty. Rate Total Total price: 6,500.00 6,500.00 Guard Gate entrance-Add 4-4 ft LED lights to light up the sign from both sides and replace 2 existing halogen landscape lights w/LED lights. Second entrance-Replace 10 existing halogen landscape lights w/LED lights and add a photocell. All new lights come w/new perapost. Option: To add a LED spot light to the flag pole in front of the 500.00 500.00 guard gate. Exclusions: Repairing any of the existing wiring. Total $7,000.00 1 6 1 A5 MEMORANDUM DATE: April 14,2015 TO: Board of Supervisors, Port of the Islands Community Improvement District FROM: Ronald E. Benson,Jr., Ph.D., P.E. Hole Montes, Inc. District Engineer SUBJECT: Future Capital Improvement and Renewal/Replacement Projects Asbestos-cement pipeline replacement As we have discussed over the past few years, it is envisioned that there will eventually be the need to replace the following infrastructure at Port of the Islands at such time as the useful life is reached. This has been a part of the long-term planning for the community, but was agreed that this project would not be budgeted until after retirement of the bonds issued for the new Water Treatment Plant and other projects which were part of the prior Capital Improvement Plan. At this time it is recommended that a budget price of$1.25 million dollars be used until further engineering study and design has been completed. 1. Asbestos-cement raw water pipeline from the wellfield to the water treatment plant. 2. Asbestos-cement finished water pipeline generally located along Union Road from approximately the north bounds of Orchid Cove to near the intersection of Union Road and US 41, and thence along the south side of US 41 to near the intersection of Newport Drive and US 4, and thence along the east side of Newport Drive to approximately the entrance drive to the South Hotel. Some portions of the finished water line along the south side of US 41 were installed more than twenty years ago using PVC pipe and will not require replacement of asbestos-cement pipe. Most of the portion of the asbestos cement pipe between approximately the north-east corner of the South Hotel property and the entrance drive to the South Hotel property will be replaced by the owner of the South Hotel at the time any site development activities may begin. Therefore, the CID is generally responsible only for the segment of asbestos-cement finished water pipeline from approximately the north bounds of Orchid Cove to near the intersection of Union Road and US 41. There is no need or requirement to perform this replacement from a regulatory standpoint, although the potential for failure of any portion of this infrastructure would essentially take the entire potable water and irrigation water system out of service. At this time, in the event of a pipeline break, Severn Trent, possibly involving use of a specialized subcontractor, would provide any needed emergency repairs to the system and place it back into service. As the pipeline continues to get older, there is more and more potential for failures and increased difficulty in making necessary repairs. 161 ` 1 A5 One recommendation is to request that Severn Trent provide an emergency action plan for what they might do in the event of a failure to either the raw water or finished water pipeline. This plan may include purchase of repair materials (including pipe, fittings, repair clamps, nuts and bolts,and any specialty tools,etc.)and storage of them in the shop at the Water Treatment Plant. The second recommendation is to develop a timeline for design, permitting, and construction of these projects such that they will fit into the budget in upcoming years. For the purpose of establishing the magnitude of anticipated expenditure,the following estimate is provided. Raw Water Pipeline Install approximately 11,000 lineal feet of new 10-inch diameter PVC pipeline, parallel to the existing 8-inch asbestos-cement pipeline. Retain the existing pipeline in service in order to provide a back-up/redundant pipeline in order to accommodate any potential future repair on the new pipeline. This also will minimize the cost of removal and disposal of this pipeline. Any segments of asbestos-cement pipeline removed will need proper disposal. At the point in time in the future when this pipeline is no longer to be used, then it is possible that it might be pumped full of a grout material instead of having to be excavated. The CID has either ownership or pipeline easements which will allow the new pipeline to be constructed. A budgetary cost estimate at this time would be approximately $700,000 [$60/ft x 11,000 ft— rounded up]. Finished Water Pipeline Install approximately 3,500 lineal feet of new 8-inch diameter PVC pipeline, parallel to the existing 8-inch asbestos-cement pipeline. Retain the existing pipeline in service in order to provide a back-up/redundant pipeline in order to accommodate any potential future repair on the new pipeline. This also will minimize the cost of removal and disposal of this pipeline. Any segments of asbestos-cement pipeline removed will need proper disposal. At the point in time in the future when this pipeline is no longer to be used, then it is possible that it might be pumped full of a grout material instead of having to be excavated. A budgetary cost estimate at this time would be approximately$300,000 [$70/ft x 3,500 ft, plus road repairs—rounded up]. A potential Fire and Irrigation Pipeline enhancement At the time the developer of Orchid Cove was designing their community, the CID suggested that they consider design of their potable water and non-potable water systems such that these systems might fit into an overall community plan. The Orchid Cove developer simply refused to consider this. One suggestion made by the CID was to connect the Orchid Cove water lines to the existing CID pipelines at both the northeast corner of Orchid Cove and the southwest corner of Orchid Cove as this would provide a reinforcement of the overall community potable and non- potable water systems in the event of a possible pipeline break. As the Orchid Cove fire and 5 161145 irrigation system consists of an 8-inch diameter loop around the small northern lake fed by a 10- inch diameter pipeline from the south (at a meter assembly), the connection as suggested by the CID at that time would have been a nominal cost of making a connection near the northeast corner of Orchid Cove. At the time of initial development of Orchid Cove,the potable water line through the community could have been installed as an 8-inch diameter pipeline (possibly at a shared cost between the CID and Orchid Cove) instead of the smaller diameter pipeline which the developer intended to install. This would have minimized the need for eventual replacement of the 8-inch diameter asbestos-cement pipeline along Union Road (discussed above). At that time, the Orchid Cove developer demanded their potable and non-potable water systems be connected to the CID systems at a single point of connection deemed convenient to them. This, combined with their intention of how to connect irrigation pipelines to the fire protection pipelines, is part of the history as to why the Orchid Cove fire and irrigation system ended up with a single meter located near their clubhouse. Now that the CID and Orchid Cove have an agreement for maintenance of utilities, although at this time this excludes the fire and irrigation system, there may be a future opportunity for the CID to explore an interconnection of the Orchid Cove non-potable water system with the CID pipeline (running north to south) located directly east of the northeast corner of the Orchid Cove community. This would likely require approximately 500 feet of 10-inch pipeline with valve cut-in at both ends plus a crossing of Union Road. This project may be on the order of$50,000 although would require some additional investigation before moving beyond the conceptual stage of considering whether the paralleling of this segment of the fire and irrigation system would yield sufficient benefits to the portion of the community south of US 41 (in the way of enhanced fire protection flows and pressures). 161 _1A5 MINUTES OF MEETING _ `!'` ` ■ ®'c PORT OF THE ISLANDS COMMUNITY IMPROVEMENT DISTRICT BY The regular meeting of the Board of Supervisors of the Port of the Islands Community Improvement District was held Friday,April 17,2015 at 10:00 a.m.at the Orchid Cove Clubhouse; 25005 Peacock Lane;Naples,Florida. Present and constituting a quorum were: J.Anthony Davis Chairman Norine Dillon Vice Chairperson Theodore Bissell Assistant Secretary Richard Ziko Assistant Secretary Also present were: Calvin Teague District Manager Daniel Cox District Counsel Ronald Benson District Engineer Robert Edge Field Manager Robert Migdal Severn Trent Services Operations Steve Spillers Severn Trent Services Operations Robert Soto Soto's Lawn Service Jean Kungle POI Realty Numerous Residents The following is a summary of the discussions and actions taken at the April 17, 2015 Port of tke Islands Community Improvement District's Board of Supervisors Meeting. FIRST ORDER OF BUSINESS Call to Order and Roll Call Mr. Davis called the meeting to order; Mr. Teague called the roll. Friday,5/8/15 16111 45 April 17,2015 Port of the Islands CID SECOND ORDER OF BUSINESS Approval of the Minutes of the March 20,2015 Meeting Mr.Davis stated each Board member received a copy of the Minutes of the March 20,2015 Meeting and requested any additions,corrections or deletions. There not being any, On MOTION by Mr. Bissell seconded by Mrs. Dillon with all in favor,the Minutes of the March 20,2015 Meeting were approved. THIRD ORDER OF BUSINESS Public Comment on Agenda Items Hearing no comments from the public,the next order of business followed. FOURTH ORDER OF BUSINESS Old Business A. Review of Landscape Maintenance Performance Mr. Soto drove around the property with Mrs. Dillon and Ms. Kehlmeier and determined the following: • The new timer was installed to replace the stolen one. • The electricity on the meter was installed. • The main line break under the asphalt was repaired. The asphalt was re-done and more will be brought in. There was another main line break which was also repaired. i. Union Road Irrigation Extension Mr. Soto presented estimates from C and S Irrigation Services, LLC; copies of which are attached hereto and made part of the public record. • The existing line will be cut and the same line will be used to run to the meter. • These repairs will cover the three portions of the entryway to Orchid Cove. • Mrs. Dillon is in favor of repairing the median only at this time. Mr.Davis MOVED to approve the estimate from C and S Irrigation Services,LLC in the amount of$4,329.18 to make irrigation repairs; and Mrs. Dillon seconded the motion. • For clarification,the work will be done from the entrance of U.S.41 of Union Road to the entrance of Orchid Cove. • The other estimates will be considered on a future date. 2 Friday,5/8/15 16JiA5 April 17, 2015 Port of the Islands CID There being no further discussion, On VOICE vote with all in favor,the prior motion was approved as discussed. ii. Entrance Lighting Fixtures • The existing lights are dim and in need of replacement. A company looked at the wiring and Mr.Soto determined the lights need to be replaced with modem lighting. There will be minor re-wiring. • A light is needed on the flag pole at Newport Drive. • The new lighting will be LED. • The Board would like to get more bids. • This item will be tabled to the next meeting. Mr. Ziko MOVED to approve lighting for the flag, and Mr. Bissell seconded the motion. • The rest of the lighting needs to be done along with the bid for flag pole lights. Mr.Ziko WITHDREW the prior motion. • The entrance lighting will be considered next month after the Board has the opportunity to go through the budget. • Mr. Soto will complete the mapping for availability at the next meeting. FIFTH ORDER OF BUSINESS New Business A. Update on POI CID Website • Mr. Teague described the items on the website. • The Annual Water Quality Report will be posted shortly. • The sewer rates need to be updated. 3 Friday,5/8/15 161 1 :1 April 17,2015 Port of the Islands CID SIXTH ORDER OF BUSINESS District Manager's Report A. Approval of the March 31,2015 Financial Statements and Check Register Mr.Teague presented the March 31,2015 Financial Statements and Check Register for the Board's review and approval; copies of which arc attached hereto and made part of the public record. • There are two outstanding properties. There being no further discussion, On MOTION by Mr. Bissell seconded by Mrs. Dillon with all in favor,the March 31,2015 Financial Statements and Check Register were approved. B. Acceptance of the Fiscal Year 2014 Audit Mr. Teague presented the Fiscal Year 2014 Audit for acceptance; a copy of which is attached hereto and made part of the public record. Hard copies were also distributed. • This is considered a clean audit. • The delinquent assessments are covered throughout the report. • There were no recommendations and everything is in compliance. There being no further discussion, On MOTION by Mrs. Dillon seconded by Mr. Bissell with all in favor,the Audit for the Fiscal Year ended September 30,2014 was accepted; and the Chairman was authorized to execute the accompanying Audit Financial Report. C. Discussion of Fiscal Year 2016 Budget Mr. Teague presented the proposed Fiscal Year 2016 Budget for discussion; a copy of which is attached hereto and made part of the public record. • The budget shows the revenue as collected. • There is no increase. • Mr.Teague recommends having a work session before approving the budget. • The District Engineer prepared a letter showing future needs. • No capital improvements can be done without the assessments increasing. • Water meter issues were discussed. 4 Friday,5/8/15 1611 A5 April 17,2015 Port of the Islands CID • The Budget will have to be approved at the May meeting in order to meet the June 15th deadline. • A workshop may be scheduled after the May meeting if necessary. • Mr. Teague will present two different budgets at the May meeting. D. Discussion of Follow-Up Items There being no report,the next order of business followed. SEVENTH ORDER OF BUSINESS Field Manager's Report A. Discussion of April 2015 Field Manager's Report Mr. Edge presented the Field Manager's Report for discussion;a copy of which is attached hereto and made part of the public record. • Mr. Edge introduced Mr. Steve Spillers as Lead Operator. • The CID received an honorable mention in a contest for excellent water quality. B. Consideration to Paint Monuments • The Stella Mans North HOA would like to do some painting on the signs. • Mr. Edge will check on the cost to do this. There being no further discussion, On MOTION by Mrs.Dillon seconded by Mr.Ziko with all in favor, the offer for the Stella Maris North HOA to paint the monument wall was accepted; and the Operations Manager was directed to proceed working with the HOA. • Boil water notice signs were discussed, and to improve communication of notices, blast a-mails or other forms of notification will be considered, but a database is needed. The attorney commented that all addresses are considered a public record. EIGHTH ORDER OF BUSINESS Attorney's Report A. Update on Hotel Bankruptcy Lawsuit This item will be addressed during the Closed Executive Session. NINTH ORDER OF BUSINESS Engineer's Report • Mr. Benson discussed his report on capital improvements. • There are two projects to note: ➢ The well field pipeline replacement 5 Friday,5/8/15 161 1 045 April 17,2015 Port of the Islands CID ➢ The finished water pipeline replacement • Mr. Benson depicted the location of the pipeline on a map. • Mr. Benson will work with Mr. Edge in developing a list of major items which are likely to need replacement in the next five years. ➢ This will include purchase and installation costs. TENTH ORDER OF BUSINESS Supervisors' Requests • Mr. Bissell thanked Mr. Davis for sending the e-mail to Severn Trent Services corporate thanking them for attending the recent meeting. • The flag pole cannot be seen on the aerial map, but Mr. Benson will drive by and look at it. • Ms. Kehlmeier,the landscape coordinator, is leaving for the summer at the end of the month. ELEVENTH ORDER OF BUSINESS Public Comment Period • Ms. Kehlmeier commented the lighting on Newport Drive is completely out. • The hotel sign needs to be cleaned. • Ms. Kungle commented on the realtor signs on ROW which need to be removed. • Mr. Resch wants to know the CID's criteria for irrigation of the easement on either side of Union Road and the other easements. The areas more than 10 feet out are the responsibility of Orchid Cove. • The CID is not responsible for repair of storm sewer caps. • Any other questions will be answered at the next meeting at which time Mr. Cox will have the agreement. • A resident encouraged the Board to communicate to residents regarding problems with the water. 6 Friday,5/8/15 1611 A 5 April 17, 2015 Port of the Islands CID TWELFTH ORDER OF BUSINESS Closed Attorney/Client Session (Supervisors and Attorney Only) A. Call to Order and Roll Call B. Commencement of Attorney/Client Session On MOTION by Mrs.Dillon seconded by Mr.Ziko with all in favor, this meeting was recessed at 12:07 p.m. in order for the Board to convene a Closed Attorney/Client Session. This part of the record was transcribed by a Court Reporter and this meeting was noticed in accordance with the applicable Statutes dealing with this type of Attorney/Client Session. The people who were indicated to be present in the advertisement are present along with a Court Reporter. Upon conclusion of this Iitigation,the transcript prepared by the Court Reporter will be made public at a future meeting. C. Adjournment of Attorney/Client Session On MOTION by Mrs.Dillon seconded by Mr.Ziko with all in favor, the Attorney/Client Session was adjourned at 12:51 p.m. and the regular Board meeting reconvened. THIRTEENTH ORDER OF BUSINESS Recommencement of Regular Meeting • The Board continued discussion on budget issues. There being no further discussion, On MOTION by Mr.Bissell seconded by Mr.Ziko with all in favor, the next meeting currently scheduled for Friday, May 15, 2015 has been rescheduled to Friday, May 22, 2015 at 10:00 a.m. at the Orchid Cove Clubhouse; 25005 Peacock Lane;Naples,Florida. • The Board established that the Engineer and Attorney will only attend meetings if requested by the District Manager and Chairman, commencing with the next meeting. 7 Friday,5!8/15 161145 April 17, 2015 Port of the Islands CID 241 FOURTEENTH ORDER OF BUSINESS Adjournment 242 There being no further business, 243 244 On MOTION by Mrs. Dillon seconded by Mr.Ziko with all in favor, 245 the meeting was adjourned at 1:13 p.m. 246 247 248 249 250 251 4.111 -� 252 Calvin Teagu- J. A avis 253 Secretary Chairman 8 Unapproved Minutes Friday,5/8115 1611 A 6 COMPREHENSIVE ANNUAL FINANCIAL REPORT r . m _ V- M - N 1 0eo ZIS By gm( rz:.cf-R 414-" , c o, lir: y Viii S. t" z° tZ Ae.' ��i FYEAStid SOUTH FLORIDA WATER MANAGEMENT DISTRICT A Component Unit of the State of Florida Fiscal Year Ended September 30, 2014 Prepared by Finance Bureau, Administrative Services Division Christian Flier!, Bureau Chief 1611 A6 ,41e1141'1"111,P' wiN 4111, ;447 . This Page has been Intentionally Left Blank • M1611Ab fER. a° �z\ SOUTH FLORIDA WATER MANAGEMENT DISTRICT May 26, 2015 Subject: South Florida Water Management District Comprehensive Annual Financial Report Enclosed please find The South Florida Water Management District Comprehensive Annual Financial Report (CAFR) for Fiscal Year End September 30, 2014. In order to continue our efforts to save printing and mailing costs of this report, we are providing our annual CAFR on the enclosed CD. The document is also available online at: http://www.sfwmd.gov/portal/page/portal/xrepository/sfwmd repository pdf/201 4 sfwmd cafr.pdf If you should have any questions, or concerns please feel free to contact Chris Flierl at (561) 682-6078 or via email cflierl@sfwmd.gov. Sincerely, (:)\.FoQ Chris Flierl `J Bureau Chief— Finance Enclosure CF:ad • 3301 Gun Club Road,West Palm Beach,Florida 33406 • (561)686-8800 • FL WATS 1-800-432-2045 Mailing Address: P.O.Box 24680,West Palm Beach,FL 33416-4680 • www.sfwmd.gov o 1 S O U T FI F L O R I D A V V A T E R M A N A G E M E N T D I S T R I C T p N IlL COMPREHENSIVE ANNUAL FINANCIAL REPORT The South Florida Writer ManagemeritDistrict Fiscal Year Ended is a Component Unit of the State of Florida September 30,2014 \ , .. _ , iiiiiii4 , ... --_. 4 44. ., ' ' iii• _Ici . Ill... ," -----_,. * .- 5 •'yt id ' ° 4, :. ..,;.. ten-•-mom ,� ,f �., _ . • R 1 N l `. i -- -5_____,..----- ..Lc- - tit '-•*"-* , _ _ , - . e sa 16F1 A 6 ,, 4, , 4:. . ,„ j: T'.:-, 1-:------—4,- t.--* ** :,,,.' Ilt ,iti .� yam„ MM. \ ^ ' r a kisk 7 Mottled Duck Individuals hiking along the levees in STA-3/4 are certain to see numerous species of south Florida wildlife. As spring progresses, the flock of wading birds becomes dense as adults are foraging for their developing chicks. Bird species typically observed in the STA include the mottled duck (pictured). The Florida mottled duck (Anas fulvigula fulvigula), is a unique species found only in the marches in the peninsular Florida, The Florida mottled duck spends its entire life within the state and has inhabited Florida for thousands of years, showing the importance of the management and protection of the Florida water resources. 16111A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014 TABLE OF CONTENTS INTRODUCTORY SECTION LETTER OF TRANSMITTAL I-1 ORGANIZATION CHART AND LIST OF PRINCIPAL OFFICIALS 1-9 GFOA CERTIFICATE OF ACHIEVEMENT 1-10 MAP OF THE GEOGRAPHIC BOUNDARIES OF THE DISTRICT I-11 FINANCIAL SECTION REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS II-1 MANAGEMENT'S DISCUSSION AND ANALYSIS (MD&A) (UNAUDITED) 11-3 BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS Statement of Net Position III-1 Statement of Activities 111-2 FUND FINANCIAL STATEMENTS Governmental Funds Financial Statements Balance Sheet 111-3 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position 111-5 Statement of Revenues, Expenditures and Changes in Fund Balances 111-6 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 111-8 Proprietary Funds Financial Statements Statement of Position 111-9 Statement of Revenues, Expenses, and Changes in Fund Net Position 111-10 Statement of Cash Flows III-11 NOTES TO THE BASIC FINANCIAL STATEMENTS 111-13 REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A(UNAUDITED) BUDGET TO ACTUAL COMPARISON—MAJOR FUNDS (General and Special Revenue) General Fund IV-1 Okeechobee Basin SR IV-3 Everglades Restoration Trust SR IV-5 SCHEDULE OF EMPLOYER CONTRIBUTIONS IV-6 NOTES TO REQUIRED SUPPLEMENTARY INFORMATION IV-7 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014 TABLE OF CONTENTS FINANCIAL SECTION(Continued) OTHER SUPPLEMENTARY INFORMATION Nonmajor Governmental Funds Descriptions of the Nonmajor Governmental Funds V-1 Combining Balance Sheet V-5 Combining Statement of Revenues, Expenditures and Changes in Fund Balances...V-11 Budget to Actual Comparison-Other Major and Nonmajor Governmental Funds Special Revenue Funds Big Cypress Basin V-18 Save Our Rivers V-19 State Appropriations V-20 Invasive Aquatic Plant Control V-21 Upland Invasive Plant Control V-22 Wetland Mitigation V-23 Indian River Lagoon Restoration V-24 Federal Land Management V-25 External Grants V-26 Lake Belt Mitigation V-27 Everglades License Plate V-28 Lake Okeechobee Trust Fund V-29 Save Our Everglades V-30 Federal Emergency Management Agency V-31 Florida Bay V-32 Capital Projects Funds District V-33 Okeechobee Basin V-34 Big Cypress Basin V-35 Save Our Rivers V-36 Everglades Trust Fund V-37 Federal Emergency Management Agency V-38 Florida Bay V-39 Wetland Mitigation V-40 Comprehensive Everglades Restoration Plan (CERP) V.41 Federal Land Acquisition V-42 Save Our Everglades V-43 Comprehensive Everglades Restoration Plan—Other Creditable Fund V-44 COPS—Everglades Forever Act V-45 COPS—Comprehensive Everglades Restoration Plan V-46 Lake Belt Mitigation V-47 Lake Okeechobee V-48 ii 16I1AE SOUTH FLORIDA WATER MANAGEMENT DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014 TABLE OF CONTENTS FINANCIAL SECTION(Continued) OTHER SUPPLEMENTARY INFORMATION (Continued) Budget to Actual Comparison-Other Major and Nonmajor Governmental Funds(Continued) Permanent Fund Wetland Mitigation V-49 Internal Service Funds Descriptions of the Internal Service Funds V-51 Combining Statement of Net Position V-52 Combining Statement of Revenues, Expenses and Changes in Fund Net Position V-53 Combining Statement of Cash Flows V-54 STATISTICAL SECTION (UNAUDITED) Net Position by Category VI-2 Changes in Net Position VI-3 Fund Balances, Governmental Funds VI-5 Changes in Fund Balances, Governmental Funds VI-6 Revenues by Source VI-8 Property Tax Revenue by County VI-9 Direct Property Tax Rates VI-11 Property Tax Collections VI-12 Taxable Property Values and Just Values of Taxable Property by County VI-13 Taxable Value of Property VI-14 Assessed Value Per Capita VI-15 Principal Property Tax Payers VI-16 Ratios of Outstanding Debt by Type VI-17 Pledged-Revenue Bond Coverage VI-18 Demographic and Economic Statistics VI-19 District Population by County VI-20 Employment Data VI-21 Ten Largest Employers within District Boundaries VI-22 Authorized Positions per 100,000 Population VI-23 District Employees by Resource Area and Major Program VI-24 District Employees by Major Program VI-25 Permit Applications Received VI-26 Water Moved by District Pump Stations VI-27 Exotic Plant Control VI-28 Prescribed Burns VI-29 Stormwater Treatment VI-30 Capital Assets by Major Program VI-31 iii 1611A ( SOUTH FLORIDA WATER MANAGEMENT DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014 TABLE OF CONTENTS DISCLOSURE SECTION (UNAUDITED) SEC RULE 15c2-12 DISCLOSURES District Agreement and Effective Dates VII-1 Annual Financial Information VII-2 Security for the Bonds VII-2 Documentary Stamp Tax VII-2 Funding and Allocation of the Trust Fund VII-3 Use of the Trust Fund VII-4 Escrow and Reserve Funds VII-4 Security for the Certificates of Participation VII-5 Annual Debt Service Requirements VII-6 Audited Annual Financial Statements VII-6 Required Notices VII-7 iv 16I1A6 INTRODUCTORY SECTION 16 I 1 A 6 1„ , SOUTH FLORIDA WATER MANAGEMENT DISTRICT TO: Governing Board Members and Blake Guillory, Executive Director SUBJECT: Comprehensive Annual Financial Report— Fiscal Year 2014 Florida Statutes require an external audit of the financial statements be performed by a firm of independent certified public accountants to express an opinion that the basic financial statements of the South Florida Water Management District (District) are fairly presented in conformance with accounting principles generally accepted in the United States (GAAP). Pursuant to this requirement, the comprehensive annual financial report for the District is hereby issued for the fiscal year ended September 30, 2014. Responsibility for the integrity, objectivity, accuracy, completeness and fairness of presentation of these basic financial statements rests with management. The basic financial statements were prepared in conformity with generally accepted accounting principles for governmental entities. Management believes the information to be accurate in all material respects and fairly presents the District's financial position and operating results. The report includes disclosures required to provide an understanding of the District's financial affairs. Management is responsible for maintaining an internal control structure designed to ensure that District assets are protected from loss, theft, or misuse. The concept of reasonable assurance recognizes that the cost of a control should not exceed the expected benefits, and the evaluation of costs and benefits requires management's estimates. The Governing Board and management have a plan of organization and policies in place to safeguard assets, validate the reliability of accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies and procedures. District management believes these existing internal accounting controls adequately safeguard assets and provide reasonable, but not absolute, assurance of proper recording and reporting of District finances. Independent auditors have audited the basic financial statements in accordance with generally accepted auditing standards and included a review of internal accounting controls to the extent necessary to express an opinion on the fairness of these basic financial statements. The independent auditors concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the South Florida Water Management District's basic financial statements for the fiscal year ended September 30, 2014 are fairly presented, in all material respects, in accordance with GAAP. The independent auditors' report is presented as the first component of the financial section (Section II) of this report. The independent audit of the District's basic financial statements was part of a broader federal and state mandated "Single Audit" designed to meet the special needs of federal and state grantor agencies. The standards governing Single Audit engagements require the independent auditors to report not only on the fair presentation of the basic financial statements, but also on the District's internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of major federal awards and major state financial assistance. These reports are available in the District's separately issued Single Audit Report. 3301 Gun Club Road,West Palm Beach,Florida 33406 • 061)(,$68811() • FL WATS 1-800-432-2045 Mailing Address:P.O.Box 24680,West Palm Beach,FL 3341E-4fi8i) • www.sfw-md.gov I-1 1611A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT Generally accepted accounting principles require that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD&A). This letter of transmittal is designed to complement MD&A and should be read in conjunction with it. The District's MD&A can be found immediately following the report of the independent auditors. DISTRICT BACKGROUND South Florida's subtropical extremes of hurricane, flood, and drought combined with effort§ to populate this "new frontier" led the U.S. Congress to adopt legislation creating the Central and Southern Florida Flood Control Project in 1948. The project's primary goal was to serve the needs of the region's growing agricultural and urban populations and to protect and manage water resources. The United States Army Corps of Engineers would, over the following decades, design and build a vast network of levees, canals, water control structures, and other improved waterways designed to help manage the often unpredictable weather extremes of the region. In 1949 the Florida Legislature created the Central and Southern Florida Flood Control District (FCD) to act as the local sponsor for the project, operating and maintaining the water control network with funding from property taxes levied within the District boundaries. Throughout its history, this regional water resource agency evolved and grew primarily in response to population growth and development and their impact on water resources. The Florida Water Resources Act of 1972 launched the most significant change in the state's approach to natural resource management. This legislation divided the state into five regional water management districts and greatly expanded the responsibilities of the existing FCD. This included a greater emphasis on water quality and environmental protection initiatives. The FCD was renamed the South Florida Water Management District (the "District") in 1976, and new boundaries were drawn to encompass the region's primary watersheds. Since 1949, the District has grown into a multi-faceted agency responsible for most water resource related issues— from providing flood protection and water supply protection to people living in cities and on farms to restoring and managing natural ecosystems. The District's Governing Board is composed of nine members appointed from specific geographic areas within District boundaries. The members are appointed by the Governor and are confirmed by the Florida Senate. Appointments are made on a staggered basis and members serve without salary for a term of four years. The Board elects its own officers, including a chairman and vice- chairman. GEOGRAPHIC BOUNDARIES OF THE DISTRICT Water management district boundaries are based on natural, hydrological basins rather than political or county limits to allow for effective and efficient planning and management. The boundaries of the District encompass all or part of 16 south Florida counties, covering a total area of 17,930 square miles. Approximately 8.0 million people live within the District's boundaries. A map showing the geographic boundaries of the District can be found on page I-11. 1-2 1611 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT GENERAL OPERATIONS The District's water management system includes roughly 4,101 miles of maintained canals and levees along with 678 water control structures and weirs and 627 smaller project culverts operated by the District. The District has approximately 70 pumping stations which can move hundreds of millions of gallons of water in and out of storage areas, providing both water supply and flood protection. The man-made water management system undergoes continuous enlargement and refinement with new construction, acquisitions, and upgrades to the existing network. This enhances the system's ability to provide flood control and water supply protection as well as preserve water quality and environmental values. District employees are located at facilities across the 16 county jurisdiction to offer the public more direct and responsive access to permitting and other agency functions. These locations include eight Field Stations located in St. Cloud, Okeechobee, Clewiston, West Palm Beach, Fort Lauderdale, Miami, Homestead, and Naples. District headquarters are in West Palm Beach with Service Centers located in Fort Myers, Naples, Orlando and Okeechobee. The Big Cypress Basin Branch Office and Field Station are headquartered in Naples. Operations and policies for the Basin are directed by a six-member Basin Board and are carried out by Basin staff, under the direction of the Basin Administrator. REGULATORY POWERS The District has a number of regulatory programs designed to protect the region's water resources. Under the State's 1993 environmental streamlining initiative, land alteration activities or works affecting water resources are regulated under one type of permit — the Environmental Resource Permit. The water management districts and the Florida Department of Environmental Protection have developed uniform wetland delineation, mitigation banking, and environmental resource permitting criteria. The District is also responsible for regulating consumptive uses of water. Types of activities regulated by the District include: • projects with impacts on wetlands or other surface waters(dredge and fill), • use of District lands, canals, streams or aquifers, • drainage system construction or operation, and • well construction. OTHER DISTRICT PROGRAMS The District's responsibilities reach far beyond regulatory programs and operations. The District acquires, manages, and restores lands for the conservation and preservation of water resources as well as for the ancillary benefit of public recreation. Water resource education targeted at schools and at the general public is an important District focus. Partnerships and coordination with other levels of government and other agencies help support water resource development projects, development of alternative water supplies, water conservation, reuse, and stormwater management goals. 1-3 16111 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT Research, data collection, and analysis help ensure District projects and programs are effective and efficient. Emergency operations and management are a cornerstone of District operations, especially during the hurricane season, or the seven-month dry season when serious water shortages can occur. The District is also a leader in melaleuca, aquatic weed, and other exotic pest plant control. REGIONAL ECONOMIC CONDITION AND OUTLOOK Conditions in the local economy affect the District's ability to generate revenues. This is because the District's primary revenue is from ad valorem taxes, which are property taxes based on assessed values of property in the region. Population growth and the associated construction of housing and commercial structures along with unemployment and interest rates are the primary factors that contribute to changes in property prices, which result in adjustments to assessed values. Population growth within the District's geographic boundaries has remained constraint during the recent fiscal year, with a 1.2 percent increase, compared to the prior year's increase of 1.0 percent. The District's population is expected to steadily increase by 6.7 percent from 2014 through 2019, with the largest numerical increases through 2019 occurring in Lee, Miami-Dade, and Palm Beach Counties and the highest percentage growth rates occurring in Lee, Osceola, and St. Lucie Counties, according to data published by the Florida Office of Economic and Demographic Research. Florida, along with the nation, continues to manage the slow economic conditions. The October 2014 unemployment rate for Florida was 6.2 percent compared to 7.4 percent (adjusted) from a year ago; and 5.7 percent for the entire United States compared to 7.2 (adjusted) percent from a year ago. This decrease in state and national unemployment rates suggests stabilization in the economic downturn of recent years, and the reduced unemployment rate, coupled with other economic indicators such as a moderate resurgence in the housing market and leveling off of foreclosure rates should translate into property values remaining steady in 2015 and even experiencing a slight increase over values of recent past. The District's adopted ad valorem millage rates decreased for fiscal year 2014, to a District-wide rate of.1685 for fiscal year 2014 compared to .1757 mills for the prior fiscal year. This decrease in millage rate is a reflection of Governing Board policy to levy rolled-back millage rate which represents no tax increase. In 2011 Senate Bill (SB) 2142 set a maximum amount of revenue that can be raised each fiscal year by the five water management districts. Senate Bill 1986 subsequently superseded SB 2142, authorizing the Florida Legislature to set the maximum millage rate for each water management district, and providing legislative review and oversight for district budgets. In addition, the District's ad valorem revenue growth is limited by the Property Tax Reduction and Reform bill passed by the Florida Legislature in June 2007, which required a reduction in taxes by all local governments and special taxing districts from three to nine percent, depending on their past per capita tax increases. This legislation also limited future year revenues by setting more stringent Governing Board voting requirements to increase agency millage rates. The District's 2014 budget reflected a 0.6 percent reduction in ad valorem property taxes levied, which equates to a decrease of$1.6 million from the prior fiscal year. 1-4 1611A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT MAJOR INITIATIVES EVERGLADES RESTORATION Florida's Everglades are the largest subtropical wetlands in the United States and are a unique resource. The Everglades "River of Grass" contains a diversity of plants and wildlife not found anywhere else in the United States. For more than a century, human activities have altered the ecosystem to provide for the development of a growing population, agriculture, and protection against deadly hurricanes and droughts. Today, the Everglades face critical challenges as a result of more than 100 years of human progress. Phosphorus-enriched agricultural and stormwater runoff has threatened the ecosystem's delicate balance. Other threats include changes in the quantity, distribution, and timing of freshwater; an infestation of non-native plants and animals; mercury accumulation in the tissue of some Everglades fish, birds, and other animals; and a reduction in the size of the Everglades marshes. The Everglades Forever Act (EFA), passed by the Florida Legislature in 1994, directed the District to acquire land, design, permit, and construct a series of Stormwater Treatment Areas (STAs) to reduce phosphorus levels from stormwater runoff and other sources before it enters the Everglades Protection Area. The District implemented the Everglades Construction Project and the Everglades Restoration Program in order to meet the requirements of the Everglades Forever Act. In 2003, the Everglades Forever Act was amended, requiring the implementation of the Long- Term Plan for Achieving Water Quality Goals in the Everglades Protection Area (Long-Term Plan). The Everglades Construction Project (ECP) was the first major step in Everglades restoration pursuant to the 1994 Everglades Forever Act. The STAs, which consist of six large constructed wetlands, totaling over 57,000 acres of effective treatment area, are the cornerstone of the ECP. Other ECP components include hydropattern improvements and diversion of stormwater flows from Lake Okeechobee. Operations and maintenance of the STAs and other features of the ECP have commenced upon completion of each individual project. The latest data indicates that over the past fifteen years, phosphorus control programs consisting of Stormwater Treatment Areas and best farming/management practices together have prevented over 4,582 metric tons of phosphorus from entering the Everglades. The Long-Term Plan, which builds upon and expands the ECP, contains activities to achieve Everglades water quality goals and to permit the State of Florida and the District to fulfill their obligations under both the Everglades Forever Act and the Federal Everglades Settlement Agreement. The success of the Long-term Plan is predicated upon using an adaptive implementation approach, whereby the best available information is used to develop and implement incremental improvement measures as their need and utility is confirmed. The Comprehensive Everglades Restoration Plan (CERP) is a 30-year plan which provides the framework for the restoration, protection, and preservation of the naturally occurring water resources of the central and southern Florida region which originate in the Everglades. As the plan's major local sponsor, the South Florida Water Management District has partnered with the United States Army Corps of Engineers to implement CERP, the goal of which is to increase water storage and improve the timing, quality, and distribution of water deliveries to the Everglades ecosystem. Principal features of the plan are the creation of new reservoirs and wetlands-based water treatment areas. 1-5 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT The United States Congress approved CERP in 2000, under the Water Resources Development Act, authorizing ten initial full-scale projects along with six pilot projects. Implementation is currently estimated to cost $13.5 billion (at 2009 price levels, including subsequently authorized CERP revisions), according to the 2010 Report to Congress, half of which will be paid by the federal government. Through 2010, the State of Florida and the District have invested approximately $2.4 billion towards this effort. During 2005, the District launched an expedited initiative to be financed by Certificates of Participation to revitalize the ecosystem by increasing the pace on eight restoration projects included in the CERP and Everglades plans. Through fiscal year 2014, proceeds from the certificates totaling $578.4 million have been utilized to reimburse project construction costs. LAKE OKEECHOBEE The Lake Okeechobee Project is a multi-year, multi-component project which is designed to improve Lake Okeechobee and its estuaries by reducing excess nutrient loading, managing water levels, and reducing or eliminating exotic plant species. In 2000, the Florida State Legislature passed the Lake Okeechobee Protection Bill, which required the District, in partnership with the Florida Department of Agriculture and Consumer Services and the Florida Department of Environmental Protection, to restore the lake and its watershed. In 2007, the project was further extended under the Northern Everglades and Estuaries Protection legislation. This legislation, which expanded the existing Lake Okeechobee Protection Bill to include the Caloosahatchee and St. Lucie Rivers and estuaries, addressed both water quality and water storage needs. Total expenditures for the Lake Okeechobee Project for fiscal year 2014 totaled $14.3 million. FINANCIAL POLICIES LONG RANGE FINANCIAL PLANNING AND FINANCIAL POLICIES In accordance with Senate Bill 1986 and budgetary g ry guidance from the Florida Department of Environmental Protection and our Governing Board, the District has thoroughly evaluated its fiscal commitments in order to fulfill Executive and Legislative direction. The District has reduced taxes and directed its fiscal resources towards its core mission of flood control, water supply, water quality and natural systems. The District has established a five-year spend-down plan to dedicate accumulated reserves and cash balances toward further improvements in water storage and water quality in the northern and southern Everglades, Lake Okeechobee and the St. Lucie and Caloosahatchee watersheds, while ensuring sufficient reserves remain available to address hurricane or unanticipated flood control infrastructure emergencies. In addition, a long-range strategic plan is prepared which provides the District and the public it serves with a guide for successfully meeting the District's priorities for the next five years. The plan is used during the development of the annual operating budget and to achieve the long term goals of the District. PRINCIPLES OF SOUND FINANCIAL MANAGEMENT Management acknowledges its responsibility for sound administration on of the District's financial resources. This responsibility begins with Principles of Sound Financial Management. These are sixteen guiding principles established by the Governing Board that reflect core business beliefs of the District. One of the principles states that the District will maintain accountability and prudently 1-6 161U6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT use financial resources. As an integral part of the goal of fiscal accountability, management currently provides useful, timely, and accurate financial information for reporting, analysis, and decision making. The objective of this report is to clearly communicate the agency's operating results and financial position. BUDGET ADOPTION AND CONTROLS The Truth-in-Millage (TRIM) Act enacted by state legislation requires disclosures of information regarding tax millage and budget adoption. Each year, following the required disclosures and two statutorily required public hearings, the Governing Board sets millage rates and adopts a budget. The District's level of budgetary control, defined as the lowest level at which management may not reallocate resources without approval of the Governing Board, is at the program level within a fund and resource area. The Board also approves budget transfers among departments and capital projects during the year. Chapter 373.536, Florida Statutes, provides additional guidance and criteria regarding the District's budget development, adoption and approval process. Encumbrance accounting is used to reserve budgeted appropriations of commitments for unperformed contracts for goods and services. DEBT ADMINISTRATION The majority of the District's debt is comprised of the unpaid balance of revenue bonds referred to as Certificates of Participation (COPS), Series 2006, and to a lesser extent, the unpaid balance of Special Obligation Land Acquisition Bonds. The certificates were issued to provide funds for the construction of projects in furtherance of Everglades restoration. Acquisition bonds were issued to finance the purchase of environmentally sensitive lands and are secured by a share of statewide documentary stamp tax collections. At September 30, 2014, the District's COPS were rated Aa3, AA and AA- by Moody's, S&P and Fitch Ratings, respectively and the District's Land Acquisition Bonds, Series 2002 and 2003 were rated A3, A+ and A by Moody's, S&P and Fitch Ratings, respectively. The total liability for the revenue bonds and the land acquisition bonds at September 30, 2014 is $478.6 million and $13.1 million, respectively. The District is obligated for payments on the COPS through fiscal year 2037, and on the bonds through fiscal year 2016. Legislation passed by the Florida Legislature in 2009 limits the District's annual debt service for revenue bonds to an amount not to exceed 20.0 percent of annual ad valorem tax revenues of the District, unless otherwise approved by the Joint Legislative Budget Commission. Bonds issued and outstanding before January 1, 2009, are exempt from this statute and are not included in the calculation of this limitation. CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING The Government Finance Officers Association of the United States and Canada (GFOA) awarded their Certificate of Achievement for Excellence in Financial Reporting to the South Florida Water Management District for its comprehensive annual financial report for the fiscal year ended September 30, 2013. This was the twenty-fourth consecutive year the District has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report, satisfying both generally accepted accounting principles and applicable legal requirements. 1-7 1611 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT A Certificate of Achievement is valid for a period of one year only. Management believes that the current comprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. ACKNOWLEDGMENTS Management extends its sincere appreciation to the many District employees who provide their dedicated efforts to complete the research and analysis necessary for the preparation of this report. Special thanks go to the employees of the Finance Bureau for their diligence in the production of this report. Respectfully submitted, ` 4.„.4.)/ Doug Bergstrom Christian Flier!, Chief Director of Administrative Services Finance Bureau, Administrative Services March 31, 2015 1-8 161 ' A6 ORGANIZATION CHART AND UST OF PRINCIPAL OFFICERS ELECTORATE GOVERNOR I � I GOVERNING BOARD Inspector General ITMMM.I.M.1111.1.11111aniel e,Chair Kevin Powers,Vice Chair J.Timothy Bei rnes Sandy Batchelor BIG CBOARDBASIN raft James J.Moran Rick Barber,Chair rson Juan M.Portuondo Alice J.Carlson,Vice-Chair man J David Farmer Ralph Haskins Marielle M.Kitchener John Vaughn Executive Director Blake Guillory J General Counsel Executive Office Chief of Staff Staff Board&Executive Business&Land Services Administrative Litigation Ombuds Services Regulatory& Intergovernmental Everglades Program Government& Community Affairs Agricultural Policy Procurement Administrative Information Services Technology J Finance Budget Process&Project Control Human Resources Operations, General Services Regulation Engineering& Field Operations& rResources Everglades Policy Construction Land Management &Coordination J Regulatory Emergency Everglades Polity g ry Management Support Water Supply &Coordination Hydrology Field Regulations Operations Applied Sciences State Policy& Everglades Infrastructure Coordination g Management Land Resources Water Quality Federal Policy y& Water Use Engineering& Coordination Construction l � � 1-9 1611 A6 GD Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to South Florida Water Management District For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 2013 ‘1,1110°'OA*, Executive Director/CEO 1-10 161. 1. A 6 South Florida Water Management District Geographic Boundaries Orlando ORANGE Cities, W Counties *SCE+ A Atlantic and Ocean Basins POL HIGHLANDS OKEECH•BEE Fort Pierce li ST LUC Gulf vr Of MARTIN Mexico CHARLOTTE,GLADES Okeech•p - West HENDRY PALM Palm LEE BEACH Beach Fort Myers Naples COLLIER BROWARD Ft. . Lauderdale 10,000 Miami ISLANDS ',' MIAMI{ °: DADE Homestead MOt4ROE L 1 B Big asin Cypress _ --- t Okeechobee F1trrFd3 Basin Y FLORIDA Key West KEYS The South Florida Water Management District (SFWMD) encompasses all or part* of 16 counties: Broward Glades Martin Osceola* Charlotte* Hendry Monroe Palm Beach Collier Highlands* Okeechobee* Polk* Miami-Dade Lee Orange* St. Lucie I-11 1611 A 6 ,,,tiottitice, -- fv -MtV4 wA V-Se This Page has been Intentionally Left Blank 1-12 161 '1 A 6 FINANCIAL SECTION McGladrey LLP v 16 Ii McGladre- A 6 Independent Auditor's Report To the Governing Board of the South Florida Water Management District Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the South Florida Water Management District (the "District"), a component unit of the State of Florida, as of and for the year ended September 30, 2014, and the related notes to the financial statements, which collectively comprise the District's basic financial statements 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 opinions on these financial statements based on our audit. We conducted our audit in accordance with 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. 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 opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the District, as of September 30, 2014, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. II-1 Member of the RSM International network of Independent accounting,tax and consulting firms. Other Matters 16 11, A 6 Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, other post-employment benefit plan schedules of employer contributions and funding progress, and the budgetary comparison schedules — General Fund, the Okeechobee Basin Special Revenue Fund and the Everglades Restoration Special Revenue Fund 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, economic, 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 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 sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District's basic financial statements. The introductory section, combining and individual fund financial statements, the budgetary comparison schedules, the statistical and disclosure sections, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual nonmajor fund financial statements and the budgetary comparison schedules are the responsibility of management and were derived from and relates directly to the underlying accounting and other records used to prepare the basis financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and the budgetary comparison schedules are fairly stated in all material respects in relation to the basic financial statements taken as a whole. The introductory section and the statistical and disclosure sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued, under separate cover, our report dated March 31, 2015 on our consideration of the District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance. West Palm Beach, Florida March 31, 2015 11-2 SOUTH FLORIDA WATER MANAGEMENT DISTR4 6 1 1 A 6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 Management's discussion and analysis of the South Florida Water Management District's financial performance provides an overview of the District's financial activities for the fiscal year ended September 30, 2014. Please read it in conjunction with the transmittal letter beginning on page I-1 and the District's basic financial statements, which begin on page III-1. FINANCIAL HIGHLIGHTS • District assets exceeded liabilities at fiscal year-end 2014 by approximately $4.71 billion. • Net position increased approximately $102.9 million, or approximately 2.23 percent during the year, remaining relatively stable at$4.71 billion at September 30, 2014. • At the end of the current fiscal year, unassigned fund balance for the General Fund was $6.0 million, or about 5.81 percent of total General Fund expenditures. • The District's total capital assets increased by $103.9 million during the current fiscal year. This increase is the net of $105.0 million in additions resulting from construction of various projects, and $1.1 million in retirements. OVERVIEW OF THE BASIC FINANCIAL STATEMENTS This discussion and analysis is intended to serve as an introduction to the District's basic financial statements. The District's basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also includes other supplementary information in addition to the basic financial statements themselves. Government-wide financial statements The government-wide financial statements are designed to provide readers with a broad overview of the District's finances in a manner similar to a private-sector business. There are two basic government-wide financial statements: the statement of net position and the statement of activities. Both basic government-wide financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. The statement of net position presents information on all of the District's assets and deferred outflows of resources, and liabilities and deferred inflows of resources, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). The government-wide financial statements can be found on pages III-1 to 111-2 of this report. 11-3 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRIC1 6 ' 1 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 Fund financial statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District maintains governmental funds and proprietary funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government's near-term financing decisions. Both the governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The District maintains 35 individual governmental funds. Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the General Fund, Okeechobee Basin Special Revenue Fund, Everglades Restoration Trust Special Revenue Fund, Okeechobee Basin Capital Projects Fund, Everglades Trust Capital Projects Fund, Save Our Everglades Capital Projects Fund, and COPS Everglades Forever Capital Projects Fund, all of which are considered to be major funds. Data from the other 28 governmental funds are combined into a single, aggregated presentation. The basic governmental fund financial statements can be found on pages III-3 to III- 8 of this report. Individual fund data for each of the 28 non-major governmental funds is provided in the form of combining statements on pages V-5 to V-16 of this report. Proprietary funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements, which are in a manner similar to a private- sector business. Similar to the government-wide financial statements, proprietary fund financial statements focus on both short-term and long-term financial information. Proprietary fund financial statements consist of a statement of net position, a statement of revenues, expenses, and changes in fund net position and a statement of cash flows. These statements are prepared using the economic resources measurement focus and the accrual basis of accounting. Proprietary funds can be categorized as enterprise funds or internal service funds. Enterprise funds account for goods and services provided to those outside the District, generally on a user-charge basis. Internal service funds report activities that provide supplies and services for the District's other programs and activities. 11-4 SOUTH FLORIDA WATER MANAGEMENT DISTRIC1 6 I 1 6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 Currently, the District maintains no enterprise funds. However, the District maintains two individual internal service funds. Information is presented combined in the statement of net position, the statement of revenues, expenses, and changes in fund net position and the statement of cash flows for the Self-Insurance Fund and the Health Benefits Fund. Because these services predominantly benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. The basic proprietary fund financial statements can be found on pages III-9 to III-11 of this report. Individual fund data for each of the two proprietary funds is provided in the form of combining statements on pages V-53 to V-55 of this report. The District adopts an annual appropriated budget for all of its funds. Budgetary comparison schedules have been provided that include the original and final appropriated budgets as well as the final actual results of operations for the General Fund, Okeechobee Basin Special Revenue Fund, and Everglades Restoration Trust Special Revenue Fund to demonstrate compliance with these budgets. The budgetary comparison schedules for these three funds are being reported as required supplementary information other than management's discussion and analysis and are presented immediately after the notes on pages IV-1 to IV-5. Budgetary comparison schedules for the other governmental funds are presented on pages V-18 to V-48 of this report. Notes to the basic financial statements The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the basic financial statements can be found on pages III-13 to III-44 of this report. GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the case of the District, net position is$4.71 billion at the close of the most recent fiscal year, an increase of $102.9 million from the prior fiscal year. By far, the largest portion of the District's net position (90.9 percent) reflects its investment in capital assets (e.g., land, buildings, equipment) less any related outstanding debt used to acquire those assets. The District uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the District's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. An additional portion of the District's net position (8.1 percent) represents resources that are subject to external restrictions on how they may be used. The remaining balance (1.0 percent) of net position relates to the unrestricted portion. At the end of the current fiscal year, the District is able to report positive balances in all three categories of net position. The balance of current and other assets at the end of fiscal year 2014 decreased from the prior year balance, reflecting a net decrease of $7.9 million. A number of variances contributed to the net decrease, the most significant of which is a lower balance in cash and investments, which decreased $37.6 million. This decrease in cash and investments is primarily a result of the 11-5 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 1611 A 6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 combination of a $6.8 million reduction in liabilities and expenditures incurred for the acquisition and construction of capital assets. As noted, total liability obligations saw a decrease of $6.8 million primarily due to the pay-down of outstanding debt ($15.7 million) offset by an increase in accounts payable balance of $11.4 million. Together, the changes in current assets and total liabilities between fiscal years represents the significant portion of the change in restricted and unrestricted net position, which shows a net decrease of $8.0 million. The increase of $110.9 million in net investment in capital assets is primarily a result of capital assets, net of depreciation increasing by $103.9 million from FY13 to FY14, and the outstanding debt associated with capital assets being reduced by $17.2 million during the same period. Additional information relative to capital asset and long term debt activity during FY14 can be found on pages 11-15 to 11-16 of this report. Key elements of the total net position increase are presented below. District's Net Position As of September 30 2014 2013 Current and Other Assets $ 568,165,087 $ 576,084,770 Capital Assets, Net 4,747,093,454 4,643,195,945 Total Assets 5,315,258,541 5,219,280,715 Current and Other Liabilities 54,597,908 42,038,809 Long-term Liabilities 551,128,744 569,785,646 Deferred Inflows of Resources - 784,477 Total Liabilities & Deferred 605,726,652 612,608,932 Net Position: Net Investment in Capital Assets 4,278,898,454 4,167,995,965 Restricted 385,052,895 380,196,140 Unrestricted 45,580,540 58,479,678 Total Net Position $4,709,531,889 $4,606,671,783 11-6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 6 1 pt 6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 District's Changes in Net Position Fiscal Years Ended September 30 2014 2013 Revenues Program Revenues Charges for Services $ 37,677,609 $ 34,146,056 Operating Grants and Contributions 41,020,689 24,198,843 Capital Grants and Contributions 65,112,460 53,064,079 General Revenues Property Taxes 280,667,290 280,080,376 Investment Earnings 6,058,186 385,038 Other 2,087,127 1,092,105 Total Revenues 432,623,361 392,966,497 I 1 Expenses Land Stewardship $ 13,762,682 $ 11,221,915 Mission Support 45,166,915 46,556,301 Modeling and Scientific Support 11,572,865 10,775,376 Operations and Maintenance 114,290,603 135,936,264 Regulation 19,194,734 22,769,011 Restoration 85,037,648 146,728,178 Water Supply 17,464,823 14,127,405 Interest on Long-Term Debt 23,272,985 26,521,567 Total Expenses 329,763,255 414,636,017 Increase (Decrease) in Net Position 102,860,106 (21,669,520) Net Position at Beginning of Year 4,606,671,783 4,628,341,303 Net Position at End of Year $ 4,709,531,889 $ 4,606,671,783 11-7 SOUTH FLORIDA WATER MANAGEMENT DISTRICT A 6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 Property taxes continue as the District's primary source of revenue. For fiscal year 2014, revenue from property taxes totaled $280.6 million of which $11.4 million represents Agricultural Privilege Taxes. This reflects a slight increase of$0.6 million, or 0.2 percent, from fiscal year 2013. The Agricultural Privilege Tax is one of the dedicated funding sources identified in the Everglades Forever Act (EFA) and is used to fund Everglades Construction Project and Long Term Plan expenditures. Agricultural Privilege Tax revenues vary each year based on tax roll information received from Palm Beach and Hendry counties' property appraisers. The tax is calculated based on the assessed tax-per-acre and the number of agricultural acres reflected on the tax rolls. The Governing Board certifies the tax rolls at the District's Annual Tentative Budget Adoption Public Hearing held each September. The Agricultural Privilege Tax continues to be a steady source of revenue for the Everglades Trust Fund. During fiscal year 2014 tax revenues derived from the Agricultural Privilege Tax remained consistent with the prior fiscal year's level of $11.6 million. Annual revenue realized is directly related to a change in acres in the Everglades Agricultural Area and C-139 basin from the previous year's tax rolls. Acres can be taken off the tax rolls due to construction and change in land status to non-agricultural use tax classification. Charges for services totaled $37.7 million for fiscal year 2014, an increase of $3.5 million. This increase is primarily due to $2.3 million received for mitigation fees related to the Loxahatchee Mitigation Bank in Palm Beach County. There were no comparable revenues received by the District in fiscal year 2013. Operating grants and contributions totaled $41.0 million for fiscal year 2014, an increase of approximately $16.8 million from the prior fiscal year. The majority of this variance relates to revenue received from the Save Our Everglades Trust Fund for Restoration Strategies and L-8 Reservoir Infrastructure Projects in the amount of $3.6 million and $8.1 million respectively. In addition, the District deferred $5.3 million of revenues that are expected to be received from The State for reimbursement of expenditures related to Hurricanes Charley and Isaac. Capital grants and contributions totaled $65.1 million for fiscal year 2014, an increase of approximately $12.0 million from fiscal year 2013. During fiscal year 2014, the District received $26.1 million from Florida Department of Environmental Protection for the purchase of approximately 1.9 thousand acres of land related to the Loxahatchee River Watershed Restoration Project. In addition, the District received additional funding in fiscal year 2014 for Restoration Strategies Projects totaling $15.0 million. Offsetting this increase was a $28.7 million decrease in revenue recognized during fiscal year 2014 related to the contribution of capital assets. Investment earnings during fiscal year 2014 increased by approximately $5.7 million to $6.1 million from the previous fiscal year 2013 level of$0.4 million. This increase is primarily attributed to market value losses recognized on the District's pooled investments, particularly U.S. Treasury bonds that realized significant market losses during 2013. At the end of fiscal year 2014 the District's net market gain on investments amounted to $0.1 million, compared to a net market loss of $4.1 million at the end of fiscal year 2013. Additionally, interest earnings increased by $1.2 million, from $4.5 million to $5.7 million between fiscal years 2013 and 2014, due to increased yields on investments and as a result of a marginally reduced cash and investment portfolio balance. 11-8 SOUTH FLORIDA WATER MANAGEMENT DISTRICT I MANAGEMENT'S DISCUSSION AND ANALYSIS 1 6 1 A 6 SEPTEMBER 30, 2014 Other Revenue totaled $2.1 million for fiscal year 2014, and consists primarily of miscellaneous revenue not otherwise designated. The slight increase from revenue of$1.1 million in prior fiscal year 2013 was primarily due to a $1.1 million release of municipal construction insurance program premiums related to certain construction projects. Program Expenses related to the Mission Support, Operations and Maintenance, and Restoration Programs totaled approximately $244.5 million or 74.1 percent of the $329.8 million in total expenses for fiscal year 2014. These three largest District programs and the most significant reasons for variances from prior fiscal year 2013 program expenses are discussed below. Mission Support Program expenses decreased $1.4 million, or 3.0 percent, from $46.6 million in fiscal year 2013 to $45.2 million in fiscal year 2014. The most significant variances contributing to the net decrease resulted from a $1.1 million reduction in salaries and fringes charged against the program and reduction $.07 million in Self Insurance Charges. These decreases were offset by a $0.7 million increase in property tax collector and appraiser fees charged to the program. This program delivers critical business support services such as information technology, procurement, finance, human resources, legal support, project management, internal audit, and public and executive level policy guidance. The strategic priority goal of the program is to provide the District with optimum support and logistical functions. Operations and Maintenance (O&M) Program expenses incurred during fiscal year 2014 was $114.3 million, a decrease of $21.6 million, or 15.9 percent from the $135.9 million expensed in fiscal year 2013. A number of variances within the Program contributed to the net decrease in expenses; the most significant of which are $14.4 million related to various types of maintenance and repairs contracts, $2.4 million in inventory usage for chemicals, fuel, and parts, and $3.9 million less spent in fiscal year 2014 compared to the prior year relative to interagency agreements with local, state and federal governments. Other decreases in expenditures were realized in salaries and fringes charged against the program of$0.9 million. This program is primarily responsible for the operation and maintenance and flood control within 16 counties of South Florida. Currently, region-wide water management is accomplished by the District's multi-purpose system, which currently includes 678 water control structures and weirs; 627 smaller project culverts; management of 70 pump stations, which send water south and through waterways eastward and westward to both coasts; and oversight of approximately 4,101 miles of canals and levees. The strategic priority goal of the Operations and Maintenance Program is to refurbish, replace, improve and manage the regional water management system by implementing flood control system refurbishment projects as part of the 50-year plan; incorporating new works into water management system operations; operating the water management system to meet flood control and water supply needs; optimizing infrastructure maintenance by adhering to, or exceeding, industry standards and best practices; and coordinating with the U.S. Army Corps of Engineers on levee inspections and improvements Projects completed or significantly under way included ongoing construction on the S-5A Hardening/Bridge Repair, Hillsboro Canal Bank Stabilization, North Shore Trash Rakes, C-4 Canal Bank Improvements, G-94 Refurbishment, S-13 Repowering and Automation and Diesel Oxidation Catalyst Project. Completion of the C-41A Canal Bank Repairs Phase III, East Coast Protective 11-9 SOUTH MANAGEMENT'S DISCUSSION AND ANALYSIS DISTRICT 611 A 6 SEPTEMBER 30, 2014 Levee Rehabilitation Phase 1, 2 and 3. Other tasks include ongoing exotic plant control, mowing, vehicle inspection, pumping operations and maintenance programs. Restoration Program expenses for fiscal year 2014 decreased by $61.7 million or 42.0 percent from the prior year to $85.0 million. Restoration Program expenses saw a net decrease of $69.6 million in capital assets. The majority of this decrease was the result of the write-off of capital assets related to the Everglades Agricultural Area Reservoir Project, with $76.6 million being written-off in fiscal year 2013 and no comparable amounts in fiscal year 2014. In addition, the Program had a net reduction in operating expenses of approximately $2.0 million related to inventory usage for chemicals, fuel, and parts; property assessments; indirect central service charges; and utility services, coupled with a $0.1 million decrease in salaries and fringe benefits. These decreases were offset by a $10.0 million increase in contractual services for fiscal year 2014 related to the Dispersed Water Management Projects and Restoration Strategies Projects. This program oversees restoration projects for the agencies Coastal Watersheds, Comprehensive Everglades Restoration Plan, District Everglades, Kissimmee Watershed, and Lake Okeechobee programs. The program activities include project development through implementation; providing computer modeling, water quality monitoring, and assessment for all aspects of water management; and fulfilling the District's responsibilities outlined in the Everglades Forever Act and the Federal Settlement Agreement as well as implementation of the Comprehensive Everglades Restoration Plan. In June 2012, the State of Florida and the U.S. Environmental Protection Agency reached consensus on new restoration strategies for further improving water quality in America's Everglades. Under these strategies, the District is implementing a regional water quality plan to complete six water treatment and storage projects, implementation of additional source controls and a science plan that will ensure continued research and monitoring to improve and optimize the performance of the STAs. During fiscal year 2014, there were 104 active projects within the Restoration Program which incurred costs. Some major program accomplishments include the start of construction on the Indian River Lagoon C-44 STA, continued design on the Indian River Lagoon C-44 pump station and the Lake Hicpochee shallow storage and hydrologic enhancement project, and within Restoration Strategies continued construction of the A-1 Flow Equalization Basin (FEB) project, the L-8 FEB and L-8 Divide and the S-5A Divide Structure Modifications; continuation of the design phase of the STA-1 West Expansion and G-716 Structure Expansion. FINANCIAL ANALYSIS OF THE DISTRICT'S FUNDS As noted earlier, the District uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The focus of the District's governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the District's financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. II-10 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 1611 A6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 General Fund The General Fund is the chief operating fund of the District. It accounts for all financial resources, except those accounted for in another fund. This fund accounts for District-wide expenditures and is supported primarily by ad valorem property taxes, permit fees and investment earnings. At fiscal year end, the fund balance of the General Fund was $63.4 million, of which $48.5 million was either assigned or unassigned and $14.9 million was committed to various District projects. As a measure of the General Fund's liquidity, it may be useful to compare both assigned and unassigned fund balance and total fund balance to total fund expenditures. Assigned/unassigned fund balance represents 46.8 percent of the General Fund expenditures totaling $103.6 million, while total fund balance represents 61.2 percent of that same amount. Revenues exceeded expenditures by $14.5 million and the General Fund had net operational transfers to other funds amounting to $14.2 million, resulting in a slight increase in fund balance of$0.3 million. Total revenues in the General Fund increased approximately $1.9 million from the prior year. The majority of this increase relates to investment earnings, which saw a $1.2 million increase between fiscal years, primarily due to a significant net market gain on investments. Total expenditures decreased approximately $10.8 million, or 9.4 percent, in fiscal year 2014 to $103.6 million. During fiscal year 2013 an amount of $7.0 million was expended in the General Fund to recognize funding provided to the Health Benefits Internal Service Fund in support of subsidizing retiree health premiums and no corresponding expenditure was recognized in the current year. Operating transfers out of the fund totaled $39.6 million in other financing uses for fiscal year 2014. Of significance, transfers-out in the amount of $38.6 million went to the District Capital Projects Fund, representing the General Fund's 2014 annual contribution to fund planned capital projects and debt service on the Certificates of Participation, with additional transfers-out of$1.1 million to the Save Our Everglades Capital Projects Fund to cover costs which were deemed ineligible for funding from the Save Our Everglades Trust Fund. Operating transfers into the General Fund totaled $25.4 million, which included $22.9 million from the Comprehensive Everglades Restoration Plan Capital Projects Fund in an effort to close out that fund and $2.5 million from the District Capital Projects Fund and Comprehensive Everglades Restoration Plan Other Creditable Fund to fund related non-capital expenditures. Okeechobee Basin Special Revenue Fund The Okeechobee Basin Special Revenue Fund is restricted for revenues and expenditures within all or part of a 15-county area designated as the Okeechobee Basin. Revenue is provided by ad valorem property taxes, intergovernmental funding, permit fees, investment earnings and other sources. The total fund balance of the Okeechobee Basin Special Revenue Fund at September 30, 2014 was $107.5 million, a decrease of $0.6 million from fiscal year 2013. Revenues in excess of expenditures of$25.1 million were offset by a $28.6 million decrease related to net transfers out of the fund. Total revenues recorded in the Okeechobee Basin Special Revenue Fund were stable, II-11 SOUTH FLORIDA WATER MANAGEMENT DISTRICT A 6 MANAGEMENT'S DISCUSSION AND ANALYSIS 6 I 1 SEPTEMBER 30, 2014 increasing slightly to $120.6 million from prior year's total of$118.5 million. The slight increase is attributable to a $1.5 million increase in investment earnings. Total expenditures decreased by $16.2 million, or 14.9 percent in fiscal year 2014 to $92.6 million. The majority of the decrease relates to the completion of the East Coast Protective Levee Rehabilitation Phase 1, 2 and 3 in fiscal year 2013, which accounted for $14.1 million of the variance. The remaining decrease is related to various offsetting items, including a $3.8 million payment in fiscal year 2013 to FEMA for de-obligated costs related to Hurricane Charlie, additional contract service costs in fiscal year 2014, and offsetting decreases in fuel costs. For fiscal year 2014, operating transfers-out totaling $28.6 million went to the Okeechobee Basin Capital Projects Fund to support scheduled capital improvement projects. Operating transfers-in totaled $0.2 million during fiscal year 2014. Everglades Restoration Trust Special Revenue Fund The Everglades Restoration Trust Special Revenue (SR) Fund accounts for fiscal activity related to the operations and maintenance of the Stormwater Treatment Areas (STAs) as required by the Everglades Forever Act. Funding is provided through a .0587 mill tax levy, non-ad valorem assessments to property owners in the Everglades Agricultural Area, Alligator Alley toll revenues pursuant to Florida Statutes, and interest earnings. At September 30, 2014, total fund balance amounted to $9.8 million, of which $21.5 million is restricted, leaving a ($11.7) million unrestricted fund balance. The fund balance is restricted above the total fund balance due to the Governing Board obligating these funds for future projects in the special revenue fund verses the capital projects fund of the same name, where the project expenditures are recorded. This negative fund balance will be adjusted with future transfers between the Everglades Restoration Trust Special Revenue Fund and the Everglades Restoration Trust Capital Projects Fund. Ad valorem and agricultural privilege tax revenues of $35.7 million and $11.4 million, respectively, were recognized in fiscal year 2014, reflecting comparable amounts from prior fiscal year revenues of$35.6 million and $11.6 million. Expenditures accounted for in the Everglades Restoration Trust Special Revenue Fund were relatively comparable between fiscal years 2014 and 2013, increasing slightly by $1.0 million, to $30.1 million from $29.1 million. Transfers-out to other funds totaled $24.1 million, with $21.9 million going to the Everglades Restoration Trust Capital Projects Fund to fund capitalizable expenditures, and $2.2 million to the Florida Bay Special Revenue Fund, representing half the Alligator Alley toll proceeds received from FDOT. Fund balance decreased slightly by $0.8 million from fiscal year 2013 to fiscal year 2014. Okeechobee Basin Capital Projects Fund The Okeechobee Basin Capital Projects Fund is restricted for proceeds of ad valorem taxes for capital expenditures incurred towards projects benefiting all or part of a 15-county area designated as the Okeechobee Basin. Revenue is mainly provided by operating transfer from the Okeechobee Basin Special Revenue Fund. The total fund balance of the Okeechobee Basin Capital Projects Fund at September 30, 2014 was $16.9 million, a decrease of $1.7 million from fiscal year 2013. 11-12 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 16I' 1 A 6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 Total revenues of the fund remained steady at $0.1 million, all of which is investment earnings. Total expenditures increased $12.1 million during fiscal year 2014 in comparison to fiscal year 2013, from $18.4 million to $30.5 million. The increase is related to increases in project costs associated with the District's water control infrastructure. Operating transfers-in totaled $28.6 million, received from the Okeechobee Basin Special Revenue Fund to support scheduled capital improvement projects. Everglades Trust Capital Projects Fund The Everglades Trust Capital Projects Fund was established to account for and report financial resources that are restricted, committed or assigned to capital expenditures to construct Stormwater Treatment Areas (STAs) which will cleanse stormwater runoff from the Everglades Agricultural Area (EAA) through naturally occurring biological and physical processes. Additional objectives include hydroperiod restoration and water supply. Revenue for this fund is provided mainly through operating transfers from the Everglades Restoration Trust Special Revenue Fund. During fiscal year 2014, the fund balance of the Everglades Trust Capital Projects Fund decreased $2.0 million to $96.8 million at fiscal year end. Total revenues in the fund increased by $1.0 million; to $1.1 million. This increase relates to investment earnings, which saw a $0.7 million increase between fiscal years primarily due to a significant net market gain on investments. Total expenditures decreased slightly, by approximately $2.0 million in fiscal year 2014 to $23.8 million, resulting from the completion, or substantial completion of several Everglades-related capital projects during the prior year. For fiscal year 2014, operating transfers netted to a total of $20.7 million to support costs associated with capital outlay incurred towards projects pursuant to the Everglades Forever Act for restoration of the Everglades. The recipient fund was the Everglades Restoration Trust Special Revenue Fund. Save Our Everglades Capital Projects Fund The Save Our Everglades Capital Projects Fund accounts for revenues and capital expenditures for the Comprehensive Everglades Restoration Plan (CERP) and the Northern Everglades Estuary Protection Program (NEEPP)which are funded from the State's Save Our Everglades Trust Fund. During fiscal year 2014, the fund balance of the Save Our Everglades Capital Projects Fund decreased $3.8 million to ($2.4) million. This deficit is expected to be funded by a pending reimbursement from Florida Department of Environmental Protection. Revenues in the fund increased $38.5 from the prior fiscal year to $50.3 million. The majority of this increase is attributable to $26.1 million received from Palm Beach County for the purchase of 11-13 1611 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 approximately 1.9 thousand acres of land related to the Loxahatchee River Watershed Restoration Project. In addition, the District received additional funding in fiscal year 2014 for Restoration Strategies Projects of$11.3 million. Operating transfers-in totaled $1.2 million, of which $1.0 million was received from the General Fund to cover costs deemed ineligible for funding from the Save Our Everglades Trust Fund. COPS Everglades Forever Capital Projects Fund The COPS Everglades Forever Capital Projects Fund accounts for capital expenditures to support the construction of projects in the Everglades/Long Term Plan Implementation Program with resources from issuance of the Certificates of Participation. Revenues in the fund remained constant at $0.1 million at the end of fiscal year 2014 and consisted of investment earnings. Expenditures increased to $25.8 million from the prior year total of $0.5 million. This increase is related to the beginning of construction on the A-1 Flow Equalization Basin, a key Restoration Strategies project to clean water flowing into the Everglades. Operating transfers-in totaled $15.9 million which was received from the COPS Comprehensive Everglades Restoration Plan Capital Fund to fund the A-1 Flow Equalization Basin project. GENERAL FUND BUDGETARY HIGHLIGHTS Budgeted revenues and expenditures in the final General Fund budget were $115.8 million and $134.5 million, respectively. Budgeted revenues increased $0.3 million from the original adopted budget for fiscal year 2014, while budgeted expenditures increased slightly (approximately $1.0 million) from the original budget. Actual revenues were $2.3 million (2.0 percent) more than the budget. At the end of fiscal year 2014, the General Fund's budget for Administrative Services and Executive Offices reflected a remaining available balance of$5.3 million. The available balance in Administrative Services and Executive Offices was primarily due to outstanding encumbrances in the Mission Support Program and the Restoration Program, each of which had outstanding encumbrances totaling $1.3 million. The outstanding encumbrances in Mission Support related to the General Services, Information Technology, and Office of Counsel organization units, and the outstanding encumbrance in the Restoration Program related to local government agreements with various counties and contractual services. At the end of fiscal year 2014, the General Funds budget for Operations and Maintenance reflected a remaining available balance $3.5 million. Of that amount, $1.3 million was attributed to the Operations and Maintenance Program and consisted of unspent budget due to lower fuel costs and outstanding encumbrances related to the CERP Bio-Control Implementation Project, contractual services, and interagency agreements; and $1.9 million was attributed to the Restoration Program and consisted of unspent budget related to salaries and fringes and lower 11-14 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 16 I 1 A6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 fuel costs and $1.6 million in outstanding encumbrances related to L-8 Infrastructure Maintenance and Repairs, FPL Distribution Agreement-electrical services, and other contractual services. The final amended General Fund budget included $20.6 million in reserves comprised of managerial reserves of $4.7 million and $15.7 million in contingency reserves. The District does not expend funds directly out of managerial or contingency reserve accounts. The use of this funding requires Governing Board budget transfer approval, authorizing the movement of budget authority out of managerial reserves and/or contingency reserves to a District program within a resource area's operating or capital budget. CAPITAL ASSETS AND DEBT ADMINISTRATION CAPITAL ASSETS As of September 30, 2014, the District's investment in capital assets was $4.7 billion, up $103.9 million from the end of fiscal year 2013. This investment in capital assets includes land, easements, canals and levees, buildings, intangibles, equipment, improvements, water control structures, and construction in progress. Capital Assets (net of depreciation) 2014 2013 Land $2,564,959,930 $2,535,347,849 Easements 70,390,549 52,415,282 Canals and Levees 702,110,108 656,383,787 Buildings 84,503,044 81,698,507 Intangibles 8,617,340 13,489,226 Equipment 40,636,068 43,362,730 Improvements 14,990,688 15,344,591 Water Control Structures 813,466,178 714,425,092 Construction in Progress 447,419,549 530,728,881 Total $4,747,093,454 $4,643,195,945 Major capital asset activity during the current fiscal year included the following: 11-15 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 1611 A 6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 Construction in Progress Highlights The District's investment in construction in progress decreased $83.3 million during fiscal year 2014. This change is primarily due to the net effect of the following: • $87.0 million expended on continuing projects as follows: o $25.8 A-1 Flow Equalization Basin o $15.3 million expended on L-8 Reservoir Infrastructure. o $11.0 million expended on North Shore Trash Rakes. • 170.3 million related to completed projects which were transferred out of construction in progress, the most significant of which are: o $133.0 million for STA-Compartment C Build-out(water control structures and canals and levees). o $31.1 million for Lakeside Ranch STA. o $4.3 million for C-44 Building for microwave, tower, and generator. o $1.9 million for other projects. Water Control Structure Highlights The District's investment in water control structures increased $99.0 million during fiscal year 2014, $115.9 million of which was transferred from construction in progress, the most significant completed projects include: o $61.0 million expended on the In-Flow Pump Structure at G-508. o $31.1 million expended on various pump stations. o $9.3 million expended on the G-335 Pump Station. o $3.3 million expended on Gated Structures at Lakeside Ranch STA. o $11.2 million in other projects. Additional information on the District's capital assets can be found in Note 9 on page III-32 of this report. 11-16 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 1 6 It 6 MANAGEMENT'S DISCUSSION AND ANALYSIS 1 A SEPTEMBER 30, 2014 LONG-TERM DEBT ADMINISTRATION At the end of fiscal year 2014, the District had $491.7 million in total outstanding long-term debt, representing a decrease of $17.2 million from the prior year. The balance is comprised of bonds and Certificates of Participation (COPS). Long-term Debt Outstanding 2014 2013 Special Obligation Land Acquisition Bonds $ 13,105,000 $ 19,225,000 Certificates of Participation 478,550,000 489,610,000 Total $ 491,655,000 $ 508,835,000 The Special Obligation Land Acquisition Refunding Bonds Series 2002 ($4.9 million) and Series 2003 ($8.2 million) finance the acquisition of environmentally sensitive lands. Documentary stamp tax revenues provided through the State of Florida's Water Management Lands Trust Fund secure the repayment of this debt. In November 2006, the District issued $546.1 million in Certificates of Participation to provide for the lease-purchase financing of the acquisition, construction, and equipping of certain expedited Everglades Restoration projects. The outstanding balance at the end of fiscal year 2014 was $478.6 million. At September 30, 2014, the District's COPS were rated Aa3, AA and AA- by Moody's, S&P and Fitch Ratings, respectively and the District's Land Acquisition Bonds, Series 2002 and 2003 were rated A3, A+ and A by Moody's, S&P and Fitch Ratings, respectively. A bond rating indicates the investment quality of the bonds, which is based on an assessment of the economic and financial condition of the agency, and is reflective of the overall managerial expertise of the agency. The District strives to maintain superior bond rating for its obligations in order to realize more favorable borrowing costs. Debt Management Policy Since the 1990's, the District made a commitment to the citizens of South Florida to operate in accordance with sixteen guiding principles designed to achieve and maintain the highest standards of fiscal accountability. The Governing Board of the District adopted a Debt Management Policy in May 1993, which was updated in April 2005 and revised again in October 2008. The policy and related guidelines enables the District to identify and address potential concerns and alternatives early in the capital planning and debt issuance process. 11-17 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 6 MANAGEMENT'S DISCUSSION AND ANALYSIS A 6 SEPTEMBER 30, 2014 The policy directs the District to: • Exhibit purposeful restraint in incurring debt. • Follow a policy of full disclosure in all financial reports and official statements issued for indebtedness. • Refrain from issuing short-term debt that requires repeated annual appropriation. • Limit long-term debt to no more than the estimated life of the capital assets financed and refrain from issuing debt to finance current operations or normal maintenance. • Project debt requirements on a five-year basis to facilitate better short-term decisions in light of other priorities that may arise, and examine the longer-range implications and effects of debt issuance. Included in the District's adopted Debt Management Policy are benchmarks which are self- imposed boundaries and not statutorily established levels of acceptance dedicated to prudent debt management. The District's debt burden shall not exceed the benchmark levels, as described below, and no additional debt shall be authorized if the projected debt burden would exceed these levels: • The net debt per capita shall not exceed $350. • Debt service shall not exceed 30 percent of revenues legally available to the District to pay debt service including, but not limited to, the available ad-valorem revenues, related interest income thereon and permit fee revenue. • The debt-to-assessed value shall not exceed 0.30 percent of the assessed value of property within the District. Florida Statute requires that total annual debt service for debt issued after January 1, 2009 cannot exceed 20 percent of the annual ad valorem tax revenues, unless approved by the Joint Legislative Budget Commission. Additional information about the District's long-term debt can be found in Note 10 on pages III-33 through III-34 of this report. 11-18 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 16 I 1 A6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES Economic Outlook Ad valorem property taxes continue to be the District's largest single, ongoing source of revenue. Approximately 36.9 percent of the District's fiscal year 2015 budget is projected to be funded through ad valorem tax revenues. Taxable property values within the District increased by 3.7 percent from $670.2 billion in 2013 to $694.9 billion in 2014. Ad valorem taxes projected for fiscal year 2015 are $265.9 million, an estimated $0.7 million less than the prior year. This decrease in ad valorem revenue is a result of rolled-back millage rates and reduced prior year taxable dues. The District's fiscal year 2015 budget is based on a rolled-back millage rate to maintain baseline ad valorem revenue at $266.6 million. Rolled-back millage rates do not provide a continuation level of baseline Ad Valorem revenue due to reduced prior year final taxable values. The adopted rates will generate $263.1 million in baseline revenues, plus $2.8 million of new construction, for total ad valorem revenue of$265.9 million. The remaining revenue budget includes anticipated funding from state and federal sources, as well as from fees and investment earnings. State revenues, which are the District's second major source of funding, are projected at $204.2 million, primarily from the Save Our Everglades Trust Fund in support of initiatives related to Everglades' restoration. The District recognizes the importance of how available revenues can change in response to economic factors. There are many economic factors to consider and monitor relating to the District and changes in these economic factors directly impact the District's financial health and future revenue outlook. The following discussion will focus on economic factors affecting the District's ad valorem revenue budget and were considered in preparing the budget for the 2014 fiscal year. Property Values Property values have a significant and direct impact on ad valorem taxes. An increase in property values will often indicator a healthy economy. Counties experiencing population and economic growth are likely to experience long-term increases in property values due to increased demand for homes. Since property values are the primary revenue source to the District, the District monitors the market values and continues to perform rolled-back rate calculations in accordance with the Truth In Millage (TRIM) process in an effort to achieve a stabilized revenue source. The housing market has deteriorated significantly since its peak at the end of 2006 and Florida has been one of the hardest hit states along with Arizona, California, and Nevada. This downturn, which began in 2007, can be attributed to soaring home prices and over-supply from home builders and investors. These conditions resulted from the easing of underwriting standards and the consumers increased appetite for risk, making it less difficult for prospective homebuyers to qualify for a mortgage. In order to afford a home, homebuyers became increasingly dependent on exotic mortgage products intended to reduce down payments and monthly payments. After reaching the lowest levels in late 2010 / early 2011, property values have seen a gradual increase in the past 11-19 1611 SOUTH FLORIDA WATER MANAGEMENT DISTRICT A 6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 four years, with indications of stabilization to moderate gains through 2015, as further depicted by trend data presented under the Home Prices section on the following page. Foreclosures According to RealtyTrac®, the leading online marketplace for foreclosure properties, foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, were reported on 922,267 properties in the United States as of the report date, compared to the prior year figures of 1,231,082. Their report shows a nationwide foreclosure rate of one in every 1,316 U.S. housing units, compared to one in every 1,155 twelve months prior. Florida, rounding off the top five states related to foreclosure rates, reflected a foreclosure rate of one in every 518 units, with compared to one in every 392 units reported last year. Of the five top counties in Florida, in terms of foreclosure rates only Osceola is within the District's boundaries. In January 2015, the number of properties that received a foreclosure filing in Florida was 6.0% higher than the previous month and 33.0% lower than the same time last year. In summary, while foreclosure rates nationwide, and in Florida have decreased over the past year, Florida continues to lead the nation in foreclosures, with significant counties with higher ratios residing within the District's tax base, thereby having a continuing impact on economics of the region and accordingly, tax revenues available to the District. Home Prices The Federal Housing Finance Agency's House Price Index indicates that home prices have increased slightly since bottoming out in 2011 when real estate values saw declines in the fifty percent range compared to peaks in 2007. Home prices and property values in central and south Florida have seen a continual and steady resurgence over the past few years, gaining a portion of the market loss of 10 to 12 percent on average compared to the valley experienced in 2011. While home prices continue to be significantly below the peaks of late 2006, recent trends indicate a continual upward movement in value. The Federal Housing Finance Agency Home Price Index, graphically depicted below, measures the average change in value of residential real estate in central and southern Florida given a constant level of quality. 11-20 SOUTH FLORIDA WATER MANAGEMENT DISTRICT MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 1611A6 Federal Housing Finance Agency Home Price Index 2006 - 2014 350 0300 t 250 X 200 • 150 100 w u 50 7. a 0 c0'b '1 ,\'S ct:'\ w55 '\ 0'b 6\ 6\,`3^�\ ,\3� \^1,3^o'\ 03 �^ � •\� O 63 CP 63 63 63 63 63 Yea r-Qua rte r —0--Housing Price Index Population Growth Another economic factor driving ad valorem taxes is population growth and the impact it has on property values. Population growth impacts property values because as the population increases, demand for homes increases, which results in higher property values. This relationship between the real estate market and change in population will affect District revenues because ad valorem taxes are collected from property owners based on property values set by the respective county property appraiser. It is important to monitor population trends to effectively develop future budgets capable of being supported by the tax base. In addition, as the population increases, the use of water resources increases, which amplifies the need to protect and restore natural resources and manage and regulate the usage and storage of the region's water supply. In 2014, the District's population increased slightly by 1.2 percent, compared to the prior year's increase of 1.03 percent. Over the past ten years (2005 to 2014) the population growth across the District averaged 1.07 percent. The rate of population growth within the District's boundary is consistent with the state-wide trend as shown below: 11-21 SOUTH FLORIDA WATER MANAGEMENT DISTRICT If MANAGEMENT'S 1 S DISCUSSION AND ANALYSIS A 6 SEPTEMBER 30, 2014 Population Growth -Annual Percentage Change 3.0% - 2.5% 2.0% e `t 1.5% U 1.0% a u 0.5% L Y a. 0.0% -0.5% -1.0% OZ') e OO^ e rLe e ~, ~� Year tDistrict * State Source: State of Florida, Office of Economic& Demographic Research General Fund —Assigned and Unassigned Fund Balance At the end of fiscal year 2014, the total assigned and unassigned fund balance in the General Fund is $48.5 million. This represents an increase of $13.1 million or approximately 37.0 percent from the comparable fund balance reported in fiscal year 2014. The District has appropriated $35.4 million of the $48.5 million for spending in the fiscal year 2015 budget. NEXT YEAR'S BUDGETS AND RATES As a result of the requirements mandated by Senate Bill 1986, the District's fiscal year 2015 adopted millage rates have been reduced from the fiscal year 2014 rates. Beginning in fiscal year 2015, all property owners within the District's boundaries will be assessed a lower District-at-Large millage rate of .1577 mills, reduced from the prior year's rate of .1685 mills. In addition, property owners within the Okeechobee Basin will be assessed both the Okeechobee Basin tax rate of .1717 mills and the Everglades Construction Project tax rate of .0554 mills, both of which are reduced from the fiscal year 2014 rates of .1838 and .0587, respectively, for a combined tax assessment of .3842 mills. Property owners within the Big Cypress Basin will be assessed the Big Cypress Basin millage rate of .1577 mills, which represents a reduction from the fiscal year 2014 rate of .1593, and the District-at-Large tax rate of .1685 mills, for a combined tax assessment of .3097 mills. State law limits the combined District-at-Large and basin tax millage for each of the two basins at 0.8 mills (80 cents per $1,000 of taxable value). The state constitutional limit is slightly higher at 1 mill ($1.00 per $1,000 of taxable value). Consequently, the District's approved budget for fiscal year 2015 totals $720.4 million, an increase of approximately $92.9 million from the fiscal year 2014 amended budget of$627.5 million. 11-22 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 1611 A 6 MANAGEMENT'S DISCUSSION AND ANALYSIS SEPTEMBER 30, 2014 Requests for Information The District's basic financial statements are designed to present users (citizens, taxpayers, customers, investors and creditors) with a general overview of the District's finances and to demonstrate the District's accountability. If you have questions about the report or need additional financial information, contact the District's Finance Bureau Chief, Administrative Services Division at P.O. Box 24680, West Palm Beach, Florida 33416-4680. 11-23 1611 A 6 r- 0 idi- _ ,,,, et. _„.: w' 4 �O os.„,„,......„ tr.,...0„.....,„„sm This Page has been Intentionally Left Blank 11-24 161' l A6 FINANCIAL SECTION BASIC FINANCIAL STATEMENTS South Florida Water Management District 1611 A6 Statement of Net Position September 30, 2014 Total Governmental Activities ASSETS Cash and Investments $ 359,554,296 Accounts Receivable 1,249,197 Due from Other Governments 20,350,067 Inventory 5,718,178 Prepaids 613,249 Other Assets 2,004,217 Restricted Assets: Temporarily Restricted Cash and Investments 163,708,784 Permanently Restricted Cash and Investments 14,967,099 Capital Assets Land and Easements 2,635,350,479 Construction In Progress 447,419,549 Canals and Levees 702,110,108 Other Capital Assets, Net of Depreciation 962,213,318 Total Assets 5,315,258,541 LIABILITIES Accounts Payable 52,888,707 Due to Other Governments 600,000 Unearned Revenue 1,109,201 Noncurrent Liabilities: Due Within One Year Bonds Payable 6,400,000 Certificates of Participation Payable 11,610,000 Compensated Absences 10,539,000 Self Insurance Claims Payable 2,564,240 Due in More Than One Year Bonds Payable, Net of Unamortized Premiums/Discounts 6,738,839 Certificates of Participation Payable, Net of Unamortized Premiums/Discounts 480,150,427 Compensated Absences 3,849,600 OPEB Obligation 26,322,960 Self Insurance Claims Payable 2,953,678 Total Liabilities 605,726,652 NET POSITION Net Investment in Capital Assets 4,278,898,454 Restricted for: Debt Service 30,249,638 Wetlands Mitigation Expendable 22,584,805 Nonexpendable 14,967,099 Environmental Programs 290,169,479 Capital Construction 27,081,874 Unrestricted 45,580,540 Total Net Position $4,709,531,889 See Accompanying Notes to the Financial Statements III-1 South Florida Water Management District 16 I 1 A 6 Statement of Activities For the Year Ended September 30, 2014 Net Revenue (Expense)and Change in Net Program Revenues Position Operating Capital Total Charges for Grants and Grants and Governmental Functions/Programs Expenses Services Contributions Contributions Activities Land Stewardship $ 13,762,682 $ 21,846,034 $ 3,169,386 $ - $ 11,252,738 Mission Support 45,166,915 12,035,727 3,833,388 - (29,297,800) Modeling and Scientific Support 11,572,865 - 25,955 - (11,546,910) Operations and Maintenance 114,290,603 77,820 16,552,486 - (97,660,297) Regulation 19,194,734 3,718,028 16,865 - (15,459,841) Restoration 85,037,648 - 17,319,769 65,112,460 (2,605,419) Water Supply 17,464,823 - 102,840 - (17,361,983) Interest on Long Term Debt 23,272,985 - - - (23,272,985) Total $329,763,255 $ 37,677,609 $ 41,020,689 $ 65,112,460 ($ 185,952,497) General Revenues: Taxes: Property Taxes, Levied for General Purposes 233,527,102 Property Taxes, Levied for Everglades Restoration 47,140,188 Investment Earnings 6,058,186 Miscellaneous 2,087,127 Total General Revenues 288,812,603 Change in Net Position 102,860,106 Net Position at Beginning of Year 4,606,671,783 Net Position at End of Year $4,709,531,889 See Accompanying Notes to the Financial Statements III-2 1611 A6 South Florida Water Management District Page 1 of 2 Balance Sheet Governmental Funds September 30,2014 Okeechobee Everglades Okeechobee Everglades Basin Restoration Trust Basin Trust General Special Revenue Special Revenue Capital Projects Capital Projects ASSETS Cash and Investments $ 71,128,904 $ 101,602,287 $ 10,383,286 $ 24,871,470 $ 80,352,391 Cash Held by Trustee - - - - 13,016,100 Accounts Receivable 113,407 619,661 14,590 30,179 112,440 Due from Other Governments 929,192 8,603,659 382,034 97,985 328,261 Due from Other Funds - 4,404,227 -' - 4,395,155 Inventory - 5,569,856 - _ - Prepaid and Other Assets 65,451 - - 375 - Total Assets $ 72,236,954 $ 120,799,690 $ 10,779,910 $ 25,000,009 $ 98,204,347 LIABILITIES,DEFERRED INFLOWS OF RESOURCES&FUND BALANCES LIABILITIES Accounts Payable $ 8,418,667 $ 4,756,013 $ 776,148 $ 8,049,275 $ 1,112,601 Due to Other Governments - - - - _ Due to Other Funds 368,279 301,482 91,655 _ - Unearned Revenue - - - - - DEFERRED INFLOWS OF RESOURCES Unavailable Revenue 30,310 7,885,273 28,965 97,985 328,261 Total Liabilities&Deferred Inflows of 8,817,256 12,942,768 896,768 8,147,260 1,440,862 Resources - FUND BALANCES Nonspendable - 5,569,856 - - - Restricted - 102,287,066 21,530,559 16,852,749 96,763,485 Committed 14,919,347 - - _ - Assigned 42,477,518 - - - - Unassigned 6,022,833 - (11,647,417) _ - Total Fund Balances 63,419,698 107,856,922 9,883,142 16,852,749 96,763,485 Total Liabilities,Deferred Inflows of $ 72,236,954 $ 120,799,690 $ 10,779,910 $ 25,000,009 $ 98,204,347 Resources&Fund Balances - - See Accompanying Notes to the Financial Statements Continued III-3 1611A6 f., South Florida Water Management District Page 2 of 2 Balance Sheet Governmental Funds September 30,2014 COPS Save Our Everglades Other Total Everglades Forever Governmental Governmental Capital Projects Capital Projects Funds Funds ASSETS Cash and Investments $ - $ - $ 171,506,330 $ 459,844,668 Cash Held by Trustee - 22,731,767 24,497,331 60,245,198 Accounts Receivable - - 317,975 1,208,252 Due from Other Governments 8,136,563 - 1,872,373 20,350,067 Due from Other Funds - - - 8,799,382 Inventory - - 148,322 5,718,178 Prepaid and Other Assets - - 817,623 883,449 Total Assets $ 8,136,563 $ 22,731,767 $ 199,159,954 $ 557,049,194 LIABILITIES,DEFERRED INFLOWS OF RESOURCES&FUND BALANCES LIABILITIES Accounts Payable $ 4,791,942 $ 7,701,126 $ 4,311,079 $ 39,916,851 Due to Other Governments - - 600,000 600,000 Due to Other Funds 4,016,664 4,395,155 406,530 9,579,765 Unearned Revenue - - 1,109,201 1,109,201 DEFERRED INFLOWS OF RESOURCES Unavailable Revenue 1,691,871 - 18,643 10,081,308 Total Liabilities&Deferred Inflows of 10,500,477 12,096,281 6,445,453 61,287,125 Resources FUND BALANCES Nonspendable - - 15,115,421 20,685,277 Restricted - 10,635,486 164,612,246 412,681,591 Committed - - - 14,919,347 Assigned - - 22,923,057 65,400,575 Unassigned (2,363,914) - (9,936,223) (17,924,721) Total Fund Balances(Deficits) (2,363,914) 10,635,486 192,714,501 495,762,069 Total Liabilities,Deferred Inflows of $ 8,136,563 $ 22,731,767 $ 199,159,954 $ 557,049,194 Resources&Fund Balances See Accompanying Notes to the Financial Statements III-4 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position September 30,2014 Fund balances-total governmental funds $495,762,069 Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in government activities are not financial resources and therefore are not reported in the governmental funds. Governmental capital assets $5,117,196,151 Less accumulated depreciation ($370,134,824) $4,747,061,327 Long term liabilities not due and payable with current available resources are not reported in the governmental funds. Bonds payable ($13,105,000) Bond premium payable ($33,839) Certificates of participation payable ($478,550,000) Certificates of participation premium payable ($13,210,427) Compensated absences ($14,388,600) Other post employment benefits(OPEB)payable ($26,322,960) Unamortized deferred interest $280,768 ($545,330,058) Bond and certificates of participation interest due October 1,2014 are not reported as a liability of the governmental funds. Accrued interest payable-bonds ($313,663) Accrued interest payable-certificates of participation ($11,925,975) ($12,239,638) Assets not available to provide current resources are offset with deferred inflows of resources in the fund statements. The reduction of the liability and recognition of revenue increases net position in the Statement of Net Position. $10,081,308 Internal Service Funds are used by management to charge the costs of certain activities,such as worker's compensation,general and automobile liability,and health benefits to individual funds. The assets and liabilities of the Internal Service Funds are included in govermental activities in the statement of net position. $14,196,881 Net position of governmental activities $4,709,531,889 See Accompanying Notes to the Financial Statements 111-5 1611 A A6 South Florida Water Management District Page 1 of 2 Statement of Revenues,Expenditures and Changes in Fund Balances Governmental Funds For the Year Ended September 30,2014 Okeechobee Everglades Okeechobee Everglades Basin Restoration Trust Basin Trust General Special Revenue Special Revenue Capital Projects Capital Projects REVENUES Ad Valorem Property Taxes $ 112,385,298 $ 111,802,444 $ 35,700,467 $ - $ - Agricultural Privilege Taxes - - 11,439,721 - - Intergovernmental 106,458 5,517,940 4,752,985 - 150,000 Investment Earnings(Losses) 1,357,462 1,513,729 375,219 134,231 917,627 Licenses,Permits and Fees 3,720,028 85,738 - - - Sale of District Property 38,592 213,400 6,267 - 310 Leases 141,169 1,169,445 - - - Other 378,105 308,762 9,125 15 - Total Revenues 118,127,112 120,611,458 52,283,784 134,246 1,067,937 EXPENDITURES Current Operating Land Stewardship 1,162,863 5,207,524 - - - Mission Support 30,913,752 2,829,717 - - - Modeling and Scientific Support 12,235,335 437,607 - - - Operations and Maintenance 20,032,114 71,681,043 10,839 - - Regulation 18,206,221 1,692 - - - Restoration 13,495,929 12,094,074 30,126,462 - - Water Supply 7,537,341 334,662 - - - Capital Outlay - - - 30,479,333 4,331,068 Debt Service Bond Principal Retirement - - _ - - Bond Interest - - _ - - COPS Bond Principal Retirement - - - - 6,116,512 COPS Bond Interest - - - - 13,342,313 Total Expenditures 103,583,555 92,586,319 30,137,301 30,479,333 23,789,893 Revenues in Excess of(Less than)Expenditures 14,543,557 28,025,139 22,146,483 (30,345,087) (22,721,956) OTHER FINANCING SOURCES(USES) Transfers In 25,360,610 173,861 1,138,000 28,613,627 21,856,958 Transfers Out (39,600,356) (28,819,795) (24,056,958) (10,704) (1,138,000) Total Other Financing Sources(Uses) (14,239,746) (28,645,934) (22,918,958) 28,602,923 20,718,958 Net Change in Fund Balances 303,811 (620,795) (772,475) (1,742,164) (2,002,998) Fund Balances at Beginning of Year 63,115,887 108,477,717 10,655,617 18,594,913 98,766,483 Fund Balances at End of Year $ 63,419,698 $ 107,856,922 $ 9,883,142 $ 16,852,749 $ 96,763,485 See Accompanying Notes to the Financial Statements Continued III-6 1611 A 6 South Florida Water Management District Page 2 of 2 Statement of Revenues,Expenditures and Changes in Fund Balances Governmental Funds For the Year Ended September 30,2014 COPS Save Our Everglades Other Total Everglades Forever Governmental Governmental Capital Projects Capital Projects Funds Funds REVENUES Ad Valorem Property Taxes $ - $ - $ 9,339,360 $ 269,227,569 Agricultural Privilege Taxes - - - 11,439,721 Intergovernmental 50,251,826 - 24,832,603 85,611,812 Investment Earnings(Losses) - 155,487 1,437,101 5,890,856 Licenses,Permits and Fees - - 21,836,116 25,641,882 Sale of District Property - - 15,577 274,146 Leases - - 3,318,139 4,628,753 Other - - 1,299,546 1,995,553 Total Revenues 50,251,826 155,487 62,078,442 404,710,292 EXPENDITURES Current Operating Land Stewardship - - 7,579,911 13,950,298 Mission Support - - 170,540 33,914,009 Modeling and Scientific Support - - - 12,672,942 Operations and Maintenance - - 6,227,949 97,951,945 Regulation - - 63,889 18,271,802 Restoration - - 20,475,644 76,192,109 Water Supply - - 956,111 8,828,114 Capital Outlay 55,303,404 25,803,587 12,147,462 128,064,854 Debt Service Bond Principal Retirement - - 6,120,000 6,120,000 Bond Interest - - 768,598 768,598 COPS Bond Principal Retirement - - 4,943,488 11,060,000 COPS Bond Interest - - 10,783,527 24,125,840 Total Expenditures 55,303,404 25,803,587 70,237,119 431,920,511 Revenues in Excess of(Less than)Expenditures (5,051,578) (25,648,100) (8,158,677) (27,210,219) OTHER FINANCING SOURCES(USES) Transfers In 1,217,308 15,928,773 49,904,730 144,193,867 Transfers Out - (100,000) (50,468,054) (144,193,867) Total Other Financing Sources(Uses) 1,217,308 15,828,773 (563,324) - Net Change in Fund Balances (3,834,270) (9,819,327) (8,722,001) (27,210,219) Fund Balances at Beginning of Year 1,470,356 20,454,813 201,436,502 522,972,288 Fund Balances(Deficit)End of Year ($ 2,363,914) $ 10,635,486 $ 192,714,501 $ 495,762,069 See Accompanying Notes to the Financial Statements III-7 1611 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT Reconciliation of the Statement of Revenues,Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Year Ended September 30,2014 Net change in fund balances-total governmental funds ($27,210,219) Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlay as expenditures. However, in the statement of activities,the cost of those assets are depreciated over their estimated useful lives. Capital outlay $128,064,854 Current year depreciation expense ($35,536,796) $92,528,058 The net effect of various transactions involving capital assets(i.e.adjustments, disposals,transfers,donations)is a decrease to net position $11,374,562 Repayment of borrowed principal from bonds,bank loans,and capital leases is an expenditure in the govemmental funds,but the repayment reduces long-term liabilities in the statement of net position. Bonds principal payment $6,120,000 COPs loan principal payment $11,060,000 $17,180,000 Some expenses reported in the statement of activities do not require current financial resources and therefore are not reported as expenditures in the governmental funds. Change in long term compensated absences $1,447,400 Change in OPEB payable ($2,283,592) Change in bond interest payable $141,272 Change in COPs interest payable $273,890 Amortization of deferred interest on bonds ($280,768) Amortization of discount on debt-bonds ($3,237) Amortization of discount on debt-certificates ($2,348) Amortization of premium on debt-bonds $77,793 Amortization of premium on debt-certificates $1,414,848 $785,258 Revenues that are earned but not received within the District's availability period are recognized in the Statement of Activities when earned and subsequently in the governmental funds when they become available. The net difference is recorded as a reconciling item. $8,017,796 Internal service funds are used by management to charge the costs of certain activities to the individual funds. The change in net assets of the internal service funds is reported with governmental activities. $184,651 Change in net position of governmental activities $102,860,106 See Accompanying Notes to the Financial Statements III-8 161, 1 A6 South Florida Water Management District Statement of Net Position Proprietary Funds September 30, 2014 Governmental Activities Internal Service Funds ASSETS Current Assets Cash and Cash Equivalents $ 18,140,313 Accounts Receivable 51,887 Due from Other Funds 782,722 Prepaids 538,249 Other Assets 915,000 Total Current Assets 20,428,171 Noncurrent Assets Furniture, Fixtures and Equipment 27,459 Computer Hardware 3,030 Vehicles 36,224 Accumulated Depreciation (34,586) Total Noncurrent Assets 32,127 Total Assets 20,460,298 LIABILITIES Current Liabilities Accounts Payable $ 743,160 Due to Other Funds 2,339 Claims Payable 2,564,240 Total Current Liabilities 3,309,739 Noncurrent Liabilities Claims Payable 2,953,678 Total Noncurrent Liabilities 2,953,678 Total Liabilities 6,263,417 NET POSITION Net Investment in Capital Assets 32,127 Unrestricted 14,164,754 Total Net Position $ 14,196,881 See Accompanying Notes to the Financial Statements III-9 16Il g � 6 ‘,04 South Florida Water Management District Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds For the Year Ended September 30, 2014 Governmental Activities Internal Service Funds OPERATING REVENUES Charges for Services $ 30,534,861 Other Operating Revenue 85,132 Total Operating Revenues 30,619,993 OPERATING EXPENSES Salaries 442,774 Benefits 147,081 Claims 26,204,479 Purchased Services 191,476 Administrative Fees 1,922,790 Other 1,688,984 Depreciation 5,111 Total Operating Expenses 30,602,695 OPERATING INCOME 17,298 NONOPERATING REVENUES Interest Earnings 167,330 Gain on Disposal of Capital Assets 23 Total Nonoperating Revenues 167,353 Change in Net Position 184,651 Net Position at Beginning of Year 14,012,230 Net Position at End of Year $ 14,196,881 See Accompanying Notes to the Financial Statements III-10 1611 A6 South Florida Water Management District Statement of Cash Flows Proprietary Funds For the Year Ended September 30, 2014 Governmental Actvitities Internal Service Funds CASH FLOWS FROM OPERATING ACTIVITIES: Cash Receipts from Customers $ 30,529,532 Cash Payments to Suppliers (3,320,988) Cash Payments for Salaries, Benefits (589,855) Claims Paid (27,030,517) Other Receipts(Payments) (176,996) Net Cash Used in Operating Activities (588,824) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Sale of Capital Assets 23 Net Cash Provided by Capital and Related Financing Activities 23 CASH FLOWS FROM INVESTING ACTIVITIES: Interest Earnings 167,330 Net Cash Provided by Investing Activities 167,330 Net Increase(Decrease)in Cash and Cash Equivalents (421,471) Cash and Cash Equivalents, Beginning of Year 18,561,784 Cash and Cash Equivalents, End of Year $ 18,140,313 RECONCILIATION OF OPERATING INCOME TO NET CASH USED IN OPERATING ACTIVITIES: Operating Income 17,298 Adjustments to Reconcile Operating Income to Net Cash Used In Operating Activities Depreciation 5,111 CHANGES IN ASSETS AND LIABILITIES: Decrease(Increase)in Accounts Receivable (5,329) Decrease(Increase)in Due from Other Funds (262,128) Decrease(Increase)in Prepaids 47,438 Increase (Decrease)in Accounts Payable 434,590 Increase(Decrease)in Due to Other Funds 234 Increase (Decrease)in Estimated Unpaid Claims (826,038) Net Cash Used in Operating Activities $ (588,824) See Accompanying Notes to the Financial Statements III-11 1 6 1 1 pt 6 4xttitittittc, z ,00.• WI\ sct)' 11:" 1•1 ryrrn, This Page has been Intentionally Left Blank 111-12 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (1) DESCRIPTION OF THE SOUTH FLORIDA WATER MANAGEMENT DISTRICT III-14 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES III-14 (a) Reporting Entity III-14 (b) Government-wide and Fund Financial Statements III-1 5 (c) Measurement Focus and Basis of Accounting III-15 (d) Major Governmental Funds and Other Fund Types III-16 (e) Budgetary Information III-17 (f) Cash and Investments III-17 (g) Prepaid Items III-18 (h) Inventory III-18 (i) Capital Assets III-18 (j) Long Term Obligations III-19 (k) Compensated Absences III-19 (I) Wetland Mitigation III-20 (m) Fund Balances/ Net Position III-20 (n) Deferred Inflows of Resources III-22 (o) Use of Estimates III-22 (p) Impact of Recently Issued Accounting Pronouncements III-22 (3) CASH AND INVESTMENTS III-25 (4) ACCOUNTS RECEIVABLE III-29 (5) INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS III-29 (6) OPERATING LEASE RENTAL REVENUES III-30 (7) PROPERTY TAXES III-31 (8) INTERGOVERNMENTAL TRANSACTIONS III-31 (9) CAPITAL ASSETS ACTIVITY III-32 (10) LONG-TERM LIABILITIES III-33 (11) FUND BALANCE REPORTING III-35 (12) DEFICIT FUND BALANCES III-37 (13) OPERATING LEASES III-37 (14) DEFINED BENEFIT PENSION PLAN III-37 (15) OTHER POST-EMPLOYMENT BENEFITS (OPEB) III-38 (16) INSURANCE ACTIVITIES III-40 (17) CONDEMNATION PROCEEDINGS III-42 (18) MAJOR CONSTRUCTION COMMITMENTS III-42 (19) OTHER COMMITMENTS AND CONTINGENCIES III-44 111-13 1611 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (1) DESCRIPTION OF THE SOUTH FLORIDA WATER MANAGEMENT DISTRICT The South Florida Water Management District (the "District") is a public corporation organized under Florida Statutes, Chapter 373, and is controlled by a Governing Board consisting of nine (9) members appointed by the Governor to staggered four-year terms. The District covers all or parts of sixteen counties in Central and Southern Florida. The primary objectives of the District are to promote the protection and restoration of natural systems, facilitate the development and proper utilization of surface and ground water within District boundaries, and prevent damage from floods, soil erosion and excessive drainage. To accomplish these objectives, the District is empowered to manage and regulate the usage and storage of water within District boundaries and to acquire properties and construct facilities as necessary. The District works in concert with the State of Florida (the "State") and agencies of the federal government to accomplish the previously described water management objectives. (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying financial statements conform to accounting principles generally accepted in the United States of America (GAAP)for governmental units as prescribed by the Governmental Accounting Standards Board (GASB) and other recognized authoritative sources. The more significant accounting policies are summarized in the following paragraphs. (a) Reporting Entity The District follows the standards promulgated by GASB Statement No. 14, "The Financial Reporting Entity", as amended by GASB Codification No. 2100, "Defining the Financial Reporting Entity"to determine the inclusion of an organization as part of its reporting entity. The Statement defines the criteria for inclusion as 1)the economic resources received or held by the separate organization are primarily for the direct benefit of the primary government, 2) the primary government is entitled to, or has the ability to access a majority of the economic resources received or held by the separate organization and 3) the economic resources received or held by the separate organization on behalf of the specific primary government are significant to that primary government. Based on these criteria, the District has determined that the South Florida Water Management District Leasing Corporation (the "Corporation") is a blended component unit. The Corporation's sole purpose is to provide financing for certain District projects. The Corporation is legally separate from the District and the Board of the Corporation consists of the nine Board members of the District. Therefore, the financial activities of the Corporation have been blended (reported as if it were part of the District) with the activities of the District. The Corporation does not publish individual component unit financial statements. The District is not a participant in any joint venture. The District is a component unit of the State of Florida since the Governor appoints the nine member Governing Board and the District has a financial benefit/burden relationship with the State. The State provides funding for District programs through the sale of State debt, the sharing of documentary stamp revenues, and the approval of various annual grants and entitlements. III-14 1611 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued) (b) Government-wide and Fund Financial Statements The government-wide financial statements, i.e., the statement of net position and the statement of activities, report information on all of the activities of the District. For the most part, the effect of interfund activity has been removed from these statements. The statement of activities demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function, and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function. Taxes and other items not properly included among program revenues are reported as general revenues. Separate financial statements are provided for governmental and proprietary funds. Major individual governmental funds are reported as separate columns in the fund financial statements. (c) Measurement Focus and Basis of Accounting The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. The District considers revenues from property taxes, intergovernmental sources and interest to be available if they are collected within sixty (60) days of the end of the current fiscal period. Revenues susceptible to accrual are property taxes, interest on investments, intergovernmental revenues, and leases. Property taxes are recorded as revenues in the fiscal year in which they are levied for, provided they are collected in the current period or within sixty (60) days thereafter. Interest on invested funds is recognized when earned and available. Intergovernmental revenues that are reimbursements for specific purposes or projects are recognized when all eligibility requirements are met and it is available. All other revenues are recognized when cash is received. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenses related to compensated absences, claims and judgments, and other post-employment benefits (OPEB) are recorded only when payment is due. III-15 161 . A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued) (c) Measurement Focus and Basis of Accounting (continued) The District often acquires land for environmental restoration and related purposes sometimes involving condemnation action in a court of law. Upon action of the Court's Stipulated Order of Taking, the District recognizes an expenditure for the amount deposited with the Court. When both restricted and unrestricted resources are available for use, it is the District's policy to use restricted resources first, then unrestricted resources as they are needed. The following are definitions of the governmental fund types, excluding the general fund: Special revenue funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditures for specified purposes other than debt service or capital projects. The restricted or committed proceeds are expected to comprise a substantial portion of the inflows reported in the fund. Capital proiects funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditures for capital outlays, including the acquisition or construction of capital facilities and other capital assets. In addition to governmental funds, the District uses a proprietary fund type to report its internal service fund activity. Proprietary funds are reported using the economic resources measurement focus and the accrual basis of accounting. With the accrual method of accounting, revenues are recorded when earned and expenses are recorded at the time the liabilities are incurred. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. Proprietary funds distinguish operating revenues and expenses from non- operating items. Operating expenses include salaries, benefits, claims payments, purchased services and depreciation. All items not meeting this definition are reported as nonoperating revenues and expenses. (d) Major Governmental Funds and Other Fund Types The District reports the following major governmental funds: The General Fund is the District's primary operating fund, and accounts for all financial resources of the District, except those accounted for in another fund. The Okeechobee Basin Special Revenue Fund is used to record revenues from within all or part of a 15-county area designated as the Okeechobee Basin. Funding is provided by a .1838 mill property tax levy, intergovernmental revenues and permitting fees, which must be used for expenditures within the Okeechobee Basin. The Everglades Restoration Trust Special Revenue Fund is used to account for expenditures related to the operations and maintenance of the Stormwater Treatment Areas (STAs) as required by the Everglades Forever Act. Funding is provided through a .0587 mill tax levy, non-ad valorem assessments to property owners in the EM, State and Federal contributions, and interest earnings. III-16 161 'l A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued) (d) Major Governmental Funds and Other Fund Types (continued) The Okeechobee Basin Capital Projects Fund is used to record capital expenditures incurred towards projects benefiting all or part of a 15-county area designated as the Okeechobee Basin. Funding is provided from operating transfers from the Okeechobee Basin Special Revenue Fund and from interest earnings. The Everglades Trust Capital Projects Fund is used to record capital expenditures to construct stormwater treatment areas to cleanse stormwater runoff from the Everglades Agricultural Area (EAA) through naturally occurring biological and physical processes. Additional objectives include hydroperiod restoration and water supply. Funding is provided from operating transfers from the Everglades Restoration Trust Special Revenue Fund, and interest earnings. The Save Our Everglades Capital Projects Fund accounts for revenues and capital expenditures for the Comprehensive Everglades Restoration Plan (CERP) and the Northern Everglades Estuary Protection Program (NEEPP) which are funded from the State's Save Our Everglades Trust Fund. The COPS Everglades Forever Capital Projects Fund accounts for capital expenditures to support the construction of projects in the Everglades/Long Term Plan Implementation Program with resources from issuance of the Certificates of Participation. The District reports the following type of proprietary funds: Internal service funds are used to account for the financing of goods and services provided by one department to another on a cost reimbursement basis. The District reports two internal service funds, one used to account for workers' compensation, general liability, automobile, and other insurance activities and one to account for self- funded health and medical benefits provided to the employees of the District and retirees who choose to remain within the plan. (e) Budqetary Information The District has elected to report budgetary comparisons as required supplementary information (RSI). Please refer to the accompanying notes to the RSI for the District's budgetary information on page IV-6. (t) Cash and Investments Cash includes currency on hand and demand deposits. Cash equivalents for purposes of the statement of cash flows consist of pooled cash and short-term investments with original maturities of three months or less from the date of acquisition. The District utilizes pooled cash accounting whereby excess monies are aggregated for investment purposes. Earnings from such investments are allocated to the respective funds based on applicable cash participation by each fund. Negative cash balances in individual funds are reported as interfund payables with offsetting receivables recorded in loaning fund(s). In accordance with GASB Statement No. III-17 SOUTH FLORIDA WATER MANAGEMENT DI 6 111 A 6 STR� NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) (t) Cash and Investments (continued) 31, the District reports investments at their fair market value, with unrealized gains and losses credited to or charged against investment earnings. The District's investment portfolio is valued based on a blend of third-party market pricing services such as BONDEDGE, FISERV, YIELDBOOK and BLOOMBERG. Non-participating investments, such as non-negotiable certificates of deposit with redemption values that do not consider market rates, are reported at amortized costs. The District has investments in two investment pools, Florida Prime (previously known as the Local Government Surplus Funds Trust Fund - Pool A), and the Florida Local Government Investment Trust (Trust Fund). Florida Prime is managed by the State Board of Administration. The Florida Local Government Investment Trust is a member-owned, member-governed investment fund. Under the guidelines of GASB Statement No. 31, Florida Prime is a "2a-7 like" pool. Accordingly, investments in Florida Prime are reported at amortized cost. The Trust Fund is accounted for as net asset value (NAV) pools. As such, its investments have been valued based on their respective fair value factor as of the financial statement date. During the year, the District did not directly invest any resources in derivatives. Investments made through State-administered trust funds may include derivatives. These investments are made on a pooled basis and the individual risk to the District is unknown. (g) Prepaid Items Prepaid items consist of certain costs which have been paid prior to the end of the fiscal year, but represent items which are applicable to future accounting periods. These amounts do not constitute available spendable resources even though they are a component of current assets. (h) Inventory Inventory is stated at moving average cost and consists of fuel, chemicals and supplies held for consumption. The cost is recorded as an expenditure at the time individual inventory items are consumed. (i) Capital Assets Capital assets, which include land, canals and levees, buildings, equipment, vehicles, infrastructure assets (bridges, water control structures) and intangible assets are reported in the government-wide financial statements. Capital assets are defined by the District as assets with an initial, individual cost of $1,000 or more and an estimated useful life of one year or more. Intangible assets are defined as assets that lack physical substance, are nonfinancial in nature, and have initial useful lives which extend beyond a single reporting period. The District reports two main types of intangible assets, easements, which are considered non-depreciable and internally generated software, which is depreciated over its estimated useful life. Items purchased or acquired are reported at historical cost or estimated historical cost. Donated assets are recorded at their estimated fair value on the date donated. Maintenance, repairs and minor renovations are not capitalized. III-18 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) (i) Capital Assets(continued) Expenditures that materially increase values, change capacities or extend useful lives of assets are capitalized. Upon sale or retirement, the costs and their related accumulated depreciation are eliminated from the respective accounts. Capital assets are depreciated using the straight-line method over the following estimated useful lives: Asset Years Intangibles 5-10 Vehicles and Equipment 5-25 Buildings 10-40 Improvements Other Than Buildings 12-25 Water Control Structures 25-50 Land, easements (intangibles), canals and levees have indefinite useful lives and as such are not considered to be depreciable capital assets. (j) Long-term Obligations In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the government-wide Statement of Net Position. Bonds payable are reported net of the applicable bond premium or discounts. Bond premiums and discounts are amortized over the life of the bonds using the straight line method, which does not result in a material difference from the effective interest method. Deferred amounts (the difference between the reacquisition price and the net carrying amount) on refunding are amortized over the shorter of the remaining life of the old debt or the life of the new debt using the straight line method, which does not result in a material difference from the effective interest method. Debt issuance costs, except for the portion which relates to prepaid insurance costs, are recognized as an expense in the period incurred. Prepaid insurance costs are reported as an asset and are recognized as expense on a straight line basis over the duration of the related debt. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts are reported as other financing uses. Debt principal payments and issuance costs, whether or not withheld from actual debt proceeds, are reported as debt service expenditures. (k) Compensated Absences District employees are granted a specific number of vacation and sick leave hours with pay. Non-management employees are permitted to accrue a maximum of 240 hours of vacation as of the end of the payroll calendar year. Managers are permitted to accrue a maximum of 480 hours of vacation as of the end of the payroll calendar year. Annual leave in excess of maximum carryover amounts at the end of the payroll calendar year will be converted to sick III-19 1611 A6 .4.11 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued) (k) Compensated Absences(continued) leave. Upon termination of employment, employees hired prior to July 1, 2012 are paid for 25 percent of unused sick leave after vesting with at least six years of service. Employees hired after July 1, 2012 must have eight or more consecutive years of District service to receive the 25 percent payout. The maximum payout for accrued but unused sick leave is 480 hours. The costs of vacation and sick leave benefits (compensated absences) are budgeted and expended in the respective operating funds when payments are made to employees for any eligible leave taken throughout the year while active. However, the liability for all accrued and vested vacation and sick leave benefits is recorded in the government-wide financial statements. The District normally liquidates its liability for compensated absences resulting from payouts of vested accrued leave upon termination, separation, retirement, etc. from the General Fund and the Okeechobee Basin Special Revenue Fund. (I) Wetland Mitigation The District manages a program for mitigating the impact of wetland destruction through a specialized regulatory permitting process. Permit applicants are required to remit a specified cash payment to the District as part of the permit conditions. The permit restricts the use of the funds received by the District to land acquisition, land restoration and long-term management of the lands in areas managed by the District that are near the lands being developed by permittes. The District accounts for the money received to assure it is used only for the approved purpose in the assigned area. Funds received for land acquisition and restoration (expendable) are placed in the Wetland Mitigation Special Revenue and Capital Projects Funds. Funds received for long-term management (nonexpendable) are placed in the Wetland Mitigation Permanent Fund. (m) Fund Balances/Net Position In the fund financial statements, governmental funds report fund classifications that comprise a hierarchy based primarily on the extent to which the District is bound to honor constraints on the specific purposes for which amounts in those funds can be spent. Fund balance is reported in five components: nonspendable, restricted, committed, assigned and unassigned. Nonspendable — Represents amounts which are (a) not in spendable form or (b) legally or contractually required to be maintained intact. "Not in spendable form" includes items that are not expected to be converted to cash, such as inventories and prepaid amounts, and items such as long-term amount of loans and notes receivable. The corpus, or principal of a permanent fund is an example of an amount that is legally or contractually required to be maintained intact. Restricted — Represents amounts that can be spent only for specific purposes stipulated by (a) external resource providers such as creditors (by debt covenants), grantors, contributors, or laws or regulations of other governments; or (b) imposed by law through constitutional provisions or enabling legislation. 111-20 161 , A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued) (m) Fund Balances/Net Position (continued) Committed — Represents amounts that can be used only for the specific purposes determined by a formal action (resolution) of the District's Governing Board, the District's highest level of decision making authority. Commitments may be changed or lifted only by the Board taking the same formal action (resolution) that imposed the constraint originally. Assigned — Represents amounts that are constrained by the District's intent to be used for specific purposes, but are neither restricted nor committed. Assignments are made by the District's Executive Director or his or her designee based on Board direction as delegated in Chapter 101 of the District's policies and procedures. Unassigned - Represents the residual classification for the general fund. This classification represents spendable fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the general fund. Unassigned fund balance may also include residual deficit equity balances of other governmental funds, after allocating amounts to nonspendable, restricted, and committed categories. When both restricted and unrestricted amounts of fund balance are available for use for expenditures incurred, it is the District's policy to use restricted amounts first and then unrestricted amounts as they are needed. Additionally, the District would first use committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used. Net position represents the difference between assets & deferred outflows of resources and liabilities & deferred inflows of resources, and is reported in the three components of net investment in capital assets, restricted, and unrestricted. Net investment in capital assets is that portion of net position that relates to the District's capital assets, reduced by debt outstanding used to purchase or construct the capital assets. The related debt is reduced by any unspent proceeds that are outstanding at year-end. Net position is restricted when there are limitations imposed on use either through the enabling legislation or through external restrictions imposed by creditors, grantors, or laws or regulations of other governments. The types of restrictions the District has on its net position are: Restricted for Debt Service- Represents the portion of net position which is restricted for debt service payments or long-term borrowings. Restricted for Wetlands Mitigation - Represents the expendable and nonexpendable portions of net position which are restricted for land acquisition, land restoration and long-term management of the wetlands. Restricted for Environmental Programs - Represents the portion of net position which is restricted for specific environmental programs through legally enforceable requirements III-21 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued) (m) Fund Balances/Net Position(continued) stipulated in legislation or through external restrictions imposed by creditors, grantors, or laws or regulations of other governments. As of September 30, 2014, the District has approximately $290.2 million in restricted net position through enabling legislation. Restricted for Capital Construction — Represents the portion of net position restricted for construction of capital facilities through legally enforceable legislative requirements. Net position unrestricted represents amounts not included in other categories, which is generally available for use. (n) Deferred Inflows of Resources In addition to liabilities, the Balance Sheet includes a separate section for Deferred Inflows of Resources. This represents the acquisitions of net resources applicable to future periods and will not be recognized as an inflow of resources (revenue) until the future period to which is applies. Currently, the only item in this category is Unavailable Revenue, which will be recognized as inflows of resources in the period that the amounts become available. The sources of unavailable revenue are: Governmental Description Balances Intergovernmental Sources: Land Acquisition $ 620,900 Lease Revenue 2,652 Reimbursement 9,007,756 Other Sources: Pollution Remediation 450,000 Total Unavailable Revenue $ 10,081,308 (o) Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenue and expenses/expenditures during the reporting period. Actual results could differ from those estimates. (p) Impact of Recently Issued Accounting Pronouncements Recently Issued and Implemented Accounting Pronouncements In March 2012, GASB issued Statement No. 66 "Technical Corrections—2012 - an amendment of GASB Statements No. 10 and No. 62." The objective of this Statement is to improve accounting and financial reporting for a governmental financial reporting entity by resolving 111-22 1611 A- 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued) (p) Impact of Recently Issued Accounting Pronouncements (continued) conflicting guidance that resulted from the issuance of two pronouncements, Statements No. 54, "Fund Balance Reporting and Governmental Fund Type Definitions" and Statement No. 62 "Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements". The District implemented this Statement during the fiscal year ended September 30, 2014. The implementation had no effect on the District financial statements. In June 2012, GASB issued Statement No. 67 "Financial Reporting for Pension Plans - an amendment of GASB Statement No. 25." This Statement replaces the requirements of Statement No. 25, "Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans", and Statement No. 50, "Pension Disclosures", as they relate to plans that are administered through trusts or equivalent arrangements that meet certain criteria. For defined benefit pension plans, this statement establishes standards of financial reporting for separately issued financial reports and specifies the required approach to measuring the pension liability of employers and nonemployer contributing entities for benefits provided through the pension plan, about which information is required to be presented. The District implemented this Statement during the fiscal year ended September 30, 2014. The implementation had no effect on the District financial statements. In January 2013, GASB issued Statement No. 69 "Government Combinations and Disposals of Government Operations." This Statement requires disclosures to be made about government combinations and disposals of government operations to enable financial statement users to evaluate the nature and financial effects of.those transactions. The provisions of this Statement are effective for government combinations and disposals of government operations occurring in financial reporting periods beginning after December 15, 2013, and should be applied on a prospective basis. The District early implemented this Statement during the fiscal year ended September 30, 2014. The implementation had no effect on the District financial statements. In April, 2013, GASB issued Statement No. 70 "Accounting and Financial Reporting for Nonexchange Financial Guarantees." This Statement requires a government that extends a nonexchange financial guarantee to recognize a liability when qualitative factors and historical data, if any, indicate that it is more likely than not that the government will be required to make a payment on the guarantee. This Statement requires a government that has issued an obligation guaranteed in a nonexchange transaction to recognize revenue to the extent of the reduction in its guaranteed liabilities. This Statement also requires a government that is required to repay a guarantor for making a payment on a guaranteed obligation or legally assuming the guaranteed obligation to continue to recognize a liability until legally released as an obligor. This Statement specifies the information required to be disclosed by governments that extend nonexchange financial guarantees. In addition, this Statement requires new information to be disclosed by governments that receive nonexchange financial guarantees. The District implemented this Statement during the fiscal year ended September 30, 2014. The implementation had no effect on the District financial statements. 111-23 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued) (p) Impact of Recently Issued Accounting Pronouncements(continued) Recently Issued Accounting Pronouncements, Not Yet Implemented The District has not yet determined the impact of the following GASB pronouncements which have been issued but are not yet effective and have not been implemented. In June 2012, GASB issued Statement No. 68 "Accounting and Financial Reporting for Pensions- an amendment of GASB Statement No. 27." The scope of this Statement addresses accounting and financial reporting for pensions that are provided to the employees of state and local governmental employers through pension plans that are administered through trusts that meet certain characteristics. This statement establishes standards for measuring and recognizing liabilities, deferred outflows/inflows of resources, and expense/expenditures. For defined benefit pensions, this Statement identifies the methods and assumptions that should be used to project benefit payments, discount projected benefit payments to their actuarial present value, and attribute that present value to periods of employee service. The provisions of this Statement are effective for financial statements for periods beginning after June 15, 2014. The District is required to implement this Statement in its fiscal year beginning October 1, 2014. The adoption of this Statement will require the District to record a liability for the unfunded portion of its cost sharing plan. The unfunded portion has not yet been determined. In November, 2013, GASB issued Statement No. 71 "Pension Transition for Contributions Made Subsequent to the Measurement Date — An Amendment of GASB Statement No. 68." This Statement requires a state or local government employer to recognize a net pension liability measured as of a date (the measurement date) no earlier than the end of its prior fiscal year. If a state or local government employer or nonemployer contributing entity makes a contribution to a defined benefit pension plan between the measurement date of the reported net pension liability and the end of the government's reporting period, Statement 68 requires that the government recognize its contribution as a deferred outflow of resources. In addition, the Statement requires recognition of deferred outflows of resources and deferred inflows of resources for changes in the net pension liability of a state or local government employer or nonemployer contributing entity that arise from other types of events. The provisions of this Statement are required to be applied simultaneously with the provisions of GASB Statement No. 68. The District is required to implement this Statement in its fiscal year beginning October 1, 2014. In February 2015, GASB issued Statement No. 72 "Fair Value Measurement and Application". This Statement provides guidance for determining a fair value measurement for financial reporting purposes and also provides guidance for applying fair value to certain investments and disclosures related to all fair value measurements. The provisions of this Statement are effective for financial statements for periods beginning after June 15, 2015. The District is required to implement this Statement in its fiscal year beginning October 1, 2015. 111-24 16111 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (3) CASH AND INVESTMENTS Statement of Policy The purpose of the District's investment policy is to set forth the investment objectives and parameters for the management of public funds of the District. The policy is designed to ensure the prudent management of public funds, the availability of operating and capital funds when needed and investment returns competitive with comparable funds and financial market indices. The District's policy is written in accordance with Section 218.415, Florida Statutes, which applies to funds under the control of local governments and special districts. The policy and any subsequent revisions are adopted by the District's Governing Board and apply to funds in excess of those required to meet current expenditures. In March 2012 the Governing Board approved changes to a majority of District policies to update references to positions and departments to ensure they were aligned with the District's new organization structure. No substantive changes were made to the policies during that effort. The most recent substantive revisions to the investment policy were approved by the Governing Board in June 2008. The District's investment policy authorizes investments in: 1) the Florida Local Government Surplus Funds Trust Fund (which includes Florida Prime, Pool B and the Florida Local Government Investment Trust), 2) United States government securities unconditionally guaranteed by the full faith and credit of the United States government, 3) United States government agencies backed by the full faith and credit of the United States government, 4) United States government-sponsored agencies, 5) interest bearing time deposit or savings accounts of Florida Banks and Savings and Loan Associations approved under Chapter 280, Florida Statutes, 6) commercial paper rated Prime 1 by Moody's, Al by Standard and Poor's or F-1 by Fitch, 7) corporate notes rated at a minimum Aa by Moody's, AA by Standard and Poor's or AA by Fitch, 8) Bankers Acceptances rated at a minimum P-1 by Moody's and A-1 by Standard and Poor's, 9) state and/or local government taxable and/or tax exempt debt, general obligation and/or revenue bonds, rated at least Aa by Moody's and AA by Standard and Poor's or AA by Fitch for long term debt or rated at least MIG-1 by Moody's and SP-1 by Standard and Poor's for short-term debt, 10) money market mutual funds rated AAAm or AAAM-G or better by Standard & Poor's, or the equivalent by another rating agency, 11) master repurchase agreements collateralized by United States government, government agencies and federal instrumentalities, 12) hedging instruments, 13) reverse repurchase agreements and 14) agency mortgage backed securities or non-agency mortgage backed securities that maintain a AAA rating by a nationally recognized statistical rating agency. As of September 30, 2014, the District had placed approximately 8% of its investments in U.S. government agencies backed by the full faith and credit of the United States government, 62% in U.S. government-sponsored agencies, 3% in Corporate Bonds, 11% in Florida Prime and the Local Government Investment Pool and 16% in the Florida Local Government Investment Trust. Florida Prime is an investment pool available for investing temporarily idle cash by Florida governments and is managed by the State Board of Administration (the "SBA"). According to the SBA, Florida Prime meets the criteria to be considered as "2a-7 like", as defined by GASB Statement No. 31. Accordingly, it has been reported at the same value as the pool shares allocated to the District. Florida Prime maintains an AAAm rating by Standard and Poor's Ratings Services. 111-25 16I1 A6 4 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (3) CASH AND INVESTMENTS (continued) Florida Prime is governed by the rules of Chapter 19-7 of the Florida Administrative Code. These rules provide guidance and establish the general operating procedures for the administration of the Funds. Additionally, the Office of the Auditor General performs the operational audit of the activities and investments of the SBA. Interest Rate Risk Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. Investments are made based upon prevailing market conditions at the time of the transaction. While the overall intent is to hold securities to maturity, the ongoing management of the portfolio allows for actions designed to meet cash needs of the District and attempts to maximize investment yield while minimizing losses. Investments can be sold prior to maturity to improve yield, modify the target duration or improve the overall credit position of the portfolio. The District uses a duration method to construct a portfolio of bonds to fund its future cash needs. For reporting purposes, it selects the effective duration to disclose the portfolio's exposure to changes in interest rates. Through its investment policy, the District manages its exposure to fair value losses arising from interest rate increases by limiting the effective duration of its investment portfolio, including cash balances, to less than three (3) years. The District maintains an allocation of its investments in U.S. Agency Obligation securities which are callable by the issuer. These bonds are subject to the risk of being called prior to maturity. The District invests in Mortgage Backed Securities, including Collateralized Mortgage Obligations (CMO's) in part to maximize yield and as a protection against a rise in interest rates. These securities are based on cash flows from payments on underlying mortgages; therefore, they are sensitive to prepayments by mortgagees, which may result from a decline in interest rates. An increase in interest rates may increase the average maturity of these investments. The District currently limits its exposure to all mortgage investments to 30% of the total portfolio balance at the time of purchase. As of September 30, 2014 the District had the following investments in its pooled portfolio: Effective Investment Type Fair Value Duration (in yrs) U.S. Agency Obligations $ 69,966,000 2.43 Investments in Mortgage Backed Securities 153,897,030 4.02 Corporate Bonds 9,982,000 0.71 Florida Prime 33,720,246 0.11 Florida Local Government Investment Trust 52,468,844 1.82 Total Fair Value $ 320,034,120 Portfolio Effective Duration 2.80 III-26 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (3) CASH AND INVESTMENTS(continued) Credit Risk Credit risk is the risk than an issuer will not fulfill its obligations. For liquidity purposes, the District invests in Florida Prime, which is managed in accordance with State statutes. Florida Prime is rated AAAm by Standard & Poor's, and investment into the fund by local governments is consistent with SEC rule 2a-7. All of the District's investments in agency securities for fiscal year 2014 were rated AA+ by Standard and Poor's, AAA by Fitch ratings, and Aaa by Moody's Investor Services. In addition, all of the District's investments in Mortgage Backed Securities were rated AAA by at least two of the three listed rating services. This applies to the direct agency obligations as well as the investment into non-agency mortgages and CMO's. Credit Quality Distribution for Securities with Credit Exposure Investment Type Credit Rating Fair Value Florida Prime AAAm $ 33,720,246 Fannie Mae—U.S. Agency Obligations AAA 39,895,000 Fannie Mae—Mortgage Backed Securities AAA 70,957,538 Freddie Mac —Mortgage Backed Securities AAA 58,478,092 Federal Home Loan Bank—U.S. Agency Obligations AAA 30,071,000 Ginnie Mae-Mortgage Backed Securities AAA 24,461,400 General Electric Capital Corp. AA+ 9,982,000 Florida Local Government Investment Trust AAAf 52,468,844 $ 320,034,120 Custodial Credit Risk- Deposits All of the District's cash deposits are held in accounts at depository institutions which are recognized as State of Florida Qualified Public Depositories in accordance with state statutes and the District's investment policy. All bank balances are covered by federal deposit insurance and the bank's participation in the Florida Security for Public Deposits Act. The balance held with these institutions at September 30, 2014 is $157,950,861. A significant cash deposit of the District at September 30, 2014 is the balance of proceeds from the issuance of Certificates of Participation (COPS) in fiscal year 2007. The "Cash and Investments Held by Trustee" balance consists of $36,709,223 in COPS proceeds which are invested in FLGIT and held in trust by a third party financial institution on behalf of the District, and $23,535,975 representing debt service on the COPS due October 1, 2014. Custodial Credit Risk—Investments The District's investment policy requires that all securities be held with a third-party custodian in a separate account which is registered as an asset of the District. The custodian acts as the safekeeper of the District's investment securities. No withdrawal of securities, in whole or in part, is made from safekeeping without written authorization of designated District staff. III-27 1 6 11 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (3) CASH AND INVESTMENTS(continued) Concentration of Credit Risk The District's policy authorizes investment allocation limits on security types, issuers, and maturity limitations. However, the Executive Director has the option to modify investment percentages from time-to-time based on market conditions, risk and diversification investment strategies. These actions are delegated to the District Treasurer to implement as needed. Percentage Allocation by Issuer as of September 30,2014 Issuer Percent of Total Florida Prime 10.54% Fannie Mae 34.64% Freddie Mac 18.27% Federal Home Loan Bank 9.40% Ginnie Mae 7.64% General Electric Capital Corp. 3.12% Florida Local Government Investment Trust 16.39% Cash and investments as of September 30, 2014 are comprised of the following: Cash Deposits: Money Market Accounts $ 38,111,636 Demand Deposit Accounts 119,833,475 Petty Cash 5,750 Total Cash Deposits 157,950,861 Cash and Investments Held by Trustee: 60,245,198 Investments: U.S. Agency Obligations 69,966,000 Investments in Mortgage Backed Securities 153,897,030 Corporate Bonds 9,982,000 Florida Prime 33,720,246 Florida Local Government Investment Trust 52,468,844 Total Investments 320,034,120 Total Cash and Investments $ 538,230,179 111-28 1611 .' A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (4)ACCOUNTS RECEIVABLE Accounts receivable at September 30, 2014 consist of the following: Okeechobee Ewrglades Okeechobee E■,erglades Non Major/ General Basin SR Trust SR Basin CP Trust CP Internal Fund Fund Fund Fund Fund Service Funds Total Leases $ 533 $ 503,349 $ - $ - $ - $ 140,692 $ 644,574 Interest 108,658 113,072 14,590 30,179 112,440 196,094 575,033 Other 4,216 3,240 - - - 22,134 29,590 $ 113,407 $ 619,661 $ 14,590 $ 30,179 $ 112,440 $ 358,920 $1,249,197 (5) INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS Interfund receivables and payables as of September 30, 2014 are as follows: Interfund Interfund Receivable Payable General Fund $ - $ 368,279 Okeechobee Basin Fund 4,404,227 301,482 Everglades Rest. Trust SR Fund - 91,655 Okeechobee Basin CP Fund - - Everglades Trust CP Fund 4,395,155 - Save Our Everglades Trust CP Fund - 4,016,664 COPS Everglades Forever Act CP Fund - 4,395,155 Other Governmental Funds - 406,530 Internal Service Funds 782,722 2,339 $ 9,582,104 $ 9,582,104 Interfund balances at year end represent temporary loans to cover negative cash balances and amounts due to internal service funds for amounts due at year end. Interfund transfers during the year are as follows: To: Save Our COPS Okeechobee Everglades Okeechobee Everglades Everglades Everglades Other General Basin SR Trust SR Basin CP Trust CP Trust CP Forever Act CP Governmental From: Fund Fund Fund Fund Fund Fund Fund Funds Totals General Fund $ - $ - $ - $ - $ - $ 1,011,140 $ - $38,589,216 $39,600,356 Okee.Basin SR Fund - - - 28,613,627 - 206,168 - - 28,819,795 Everglades Trust SR Fund - - - - 21,856.958 _ - 2,200,000 24,056,958 Okee.Basin CP Fund - 10,704 - - - - - - 10,704 Everglades Trust CP Fund - - 1,138,000 - _ _ 1,138,000 CERP CP Fund - - - - - - - 100,000 100,000 Other Governmental Funds 25,360,610 163,157 - - - - 15,928,773 9,015,514 50,468,054 $25,360,610 $ 173,861 $ 1,138,000 $28,613,627 $21,856,958 $ 1,217,308 $ 15,928,773 $ 49,904,730 $ 144,193,867 III-29 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (5) INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS(continued) Transfers into the General Fund from the CERP Capital Projects Fund reflect a District decision to phase out the CERP Capital Projects Fund, resulting in the movement of a portion of existing fund balance over to the General Fund for future appropriations. Transfers into the Okeechobee Basin Capital Projects Fund from the Okeechobee Basin Special Revenue Fund reflect funding support related to capital outlay expenditures recorded in that fund. Similarly, transfers into the Everglades Trust Capital Projects Fund from the Everglades Trust Special Revenue Fund reflect support for capital outlay expenditures incurred in the capital fund. Transfers into the COPS Everglades Forever Act CP Fund from the COPS-CERP CP Fund were to fund Al Flow Equalization Basin (FEB) expenditures accounted for in that fund. The majority of the remaining transfers represent funding for District-wide capital projects and funding between special revenue funds and their related capital projects fund as required. (6) OPERATING LEASE RENTAL REVENUES Property on Operating Leases and Property Held for Lease The District purchases land for environmental restoration projects. Often there are agricultural activities occurring on parts of the land at the time of purchase. If the land is not needed for a project immediately, the District allows these activities to continue as it results in lower land maintenance costs. In addition, rent is charged for the use of the land for farming until such time it is needed for project purposes. The District investment in land on which operating leases exist is $747.9 million as of September 30, 2014. Revenues under Operating Leases The following is a schedule by year of minimum future revenues on noncancelable operating leases, including contingent revenues which may be received under certain leases of land on the basis of use in excess of stipulated minimums. For fiscal year 2014, contingent revenues were $-0-. Year Ending September 30: 2015 $ 2,896,470 2016 2,766,511 2017 2,587,172 2018 2,244,409 2019 1,623,380 2020-2024 914,799 Total minimum future revenues $13,032,741 111-30 1611 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (7) PROPERTY TAXES The District is permitted by Florida Statutes to levy taxes up to .800 mills per $1,000 of assessed valuation. The rate levied for a majority of the District for fiscal year 2014 was .4110 mills. Property taxes are levied each November 1 on the assessed value listed as of the prior January 1 for real and personal property located within the District. The assessed value at January 1, 2013, upon which the fiscal year 2014 levy was based, was approximately $694.9 billion. A four percent discount is allowed if the taxes are paid in November, with the discount declining by one percentage point each month thereafter. Taxes become delinquent April 1 of each year. Delinquent property tax certificates are sold to the public beginning June 1, at which time a lien attaches to the property. By fiscal year end, virtually all property taxes are collected either directly or through tax certificate sales. Property tax revenues are recorded by the District based on the amount of receipts reported by the county tax collectors. Property taxes receivable from the county tax collectors at September 30, 2014, is $2,149,511 and is included in tax revenues. (8) INTERGOVERNMENTAL TRANSACT IONS Amounts due from other governments at September 30, 2014 and intergovernmental revenues for 2014 consist of the following: Due From Intergovernmental Other Governments Revenues U.S. Army Corps of Engineers $ 837,324 $ 2,150,630 U.S. Department of Homeland Security 2,652 3,290 U.S. Department of Agriculture& Consumer Affairs 65,497 1,128,015 U.S. Fish and Wildlife Service 26,937 261,515 Florida Department of Environmental Protection 11,605,131 71,106,595 Florida Department of Emerency Management 5,253,623 Florida Department of Motor Vehicles - 313,127 Florida Department of Transportation 1,207 4,501,781 Florida Fish and Wildlife Conservation Commission 373,137 5,830,173 Collier County 5,344 Miami Dade County 14,970 14,917 Southwest Florida Water Management District 14,734 136,648 St. Johns River Water Management District - 165,121 Ad Valorem Taxes 641,855 - * Property Appraiser/Tax Collector Fee Credits 1,507,656 - * Total $ 20,350,067 $ 85,611,812 * On the Statement of Revenues,Expenditures and Changes in Fund Balances,Ad Valorem Taxes are reported as Ad Valorem Property Taxes and the Property Appraiserrrax Collector Fee Credits are netted against the original expenditure in the respective program. III-31 16I1 A6 4 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (9) CAPITAL ASSETS ACTIVITY Balance at Balance at October 1, Adjustments/ September 30, 2013 Additions Retirements Reclassifications 2014 Capital Assets Not Being Depreciated: Land $2,535,347,849 $ 46,979,836 $ (41,795) $ (17,325,960) $2,564,959,930 Easements(Intangibles) 52,415,282 649,454 (147) 17,325,960 70,390,549 Construction in Process 530,728,881 87,010,608 (3,339) (170,316,601) 447,419,549 Canals and Levees 656,383,787 300,208 - 45,426,113 702,110,108 3,774,875,799 134,940,106 (45,281) (124,890,488) 3,784,880,136 Capital Assets Being Depreciated: Buildings 116,824,013 436,550 (454,895) 6,137,056 122,942,724 Intangibles 40,795,055 33,767 - 309,932 41,138,754 Equipment 136,270,828 3,547,169 (4,973,127) 1,659,092 136,503,962 Improvements 29,145,032 - (12,497) 868,249 30,000,784 Water Control Structures 884,540,310 1,610,808 (270,773) 115,916,159 1,001,796,504 1,207,575,238 5,628,294 (5,711,292) 124,890,488 1,332,382,728 Less Accumulated Depreciation: Buildings (35,125,506) (3,662,560) 335,707 12,679 (38,439,680) Intangibles (27,305,829) (5,215,585) - - (32,521,414) Equipment (92,908,098) (7,038,825) 4,242,563 (163,534) (95,867,894) Improvements (13,800,441) (1,221,674) 12,019 - (15,010,096) Water Control Structures (170,115,218) (18,403,263) 37,300 150,855 (188,330,326) (339,255,092) (35,541,907) 4,627,589 - (370,169,410) Capital Assets Being Depreciated,Net 868,320,146 (29,913,613) (1,083,703) 124,890,488 962,213,318 Capital Assets, Net $4,643,195,945 $ 105,026,493 $ (1,128,984) $ - $4,747,093,454 Depreciation expense was charged to the following programs during the fiscal year: Mission Support $ 7,181,459 Operations and Maintenance 14,795,875 Restoration 13,333,745 Water Supply 225,717 35,536,796 Depreciation of capital assets held in internal service funds are charged to the various programs based on the asset function 5,111 Total Depreciation Expense $ 35,541,907 III-32 SOUTH FLORIDA WATER MANAGEMENT DISTRICT 161i A6 NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (10) LONG-TERM LIABILITIES The following is a summary of changes in long-term liabilities for the fiscal year ended September 30, 2014: Balance at Retirements Balance at Amounts October 1, And September 30, Due Within 2013 Additions Adjustments 2014 One Year Land Acquisition Bonds $ 19,225,000 $ - $ (6,120,000) $ 13,105,000 $ 6,400,000 Bond Premium/Discount 108,395 - (74,556) 33,839 - COPS 489,610,000 - (11,060,000) 478,550,000 11,610,000 COPS Premium/Discount 14,622,927 - (1,412,500) 13,210,427 - Compensated Absences 15,836,000 8,430,000 (9,877,400) 14,388,600 10,539,000 Other Post Emp Benefits 24,039,368 2,283,592 - 26,322,960 - Self Insurance Claims 6,343,956 26,204,480 (27,030,518) 5,517,918 2,564,240 $ 569,785,646 $ 36,918,072 $ (55,574,974) $ 551,128,744 $ 31,113,240 Special Obligation Land Acquisition Bonds are issued by the District to provide funds for the acquisition of environmentally sensitive lands. Principal and interest on the Land Acquisition Bonds are secured by a lien on documentary stamp excise taxes collected statewide by the State of Florida and allocated to the State's five water management districts through the Water Management Lands Trust Fund (WMLTF). For the current fiscal year, principal and interest payments and total revenue recognized by the District were $6,888,598 and $7,027,325, respectively. The District accounts for related debt service in the Save Our Rivers SR Fund. Summary of the status of the District's bonded debt as of September 30, 2014 is shown below: Original Fiscal Year Interest Remaining Issue Amount Maturity Rates Balance 2002 Refunding $ 23,810,000 2015-2016 3.875-4.000% $ 4,855,000 2003 Refunding 34,550,000 2015-2016 4.100-5.250% 8,250,000 $ 58,360,000 $ 13,105,000 Fiscal year requirements to amortize bonded debt as of September 30, 2014 are as follows: Principal Interest Total 2015 $ 6,400,000 $ 474,200 $ 6,874,200 2016 6,705,000 160,538 6,865,538 $ 13,105,000 $ 634,738 $ 13,739,738 An interagency agreement between the District and Florida Department of Environmental Protection (FDEP) requires FDEP to set aside and escrow from the first monies allocable to the District in the WMLTF, sufficient monies for the payment of principal and interest on the land acquisition bonds becoming due in each subsequent year. As of the District's financial statement date, FDEP had reserved an amount of$7,032,125 for such purpose. III-33 x. 61 `1" A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (10) LONG-TERM LIABILITIES(continued) In fiscal year 2007, the District issued Certificates of Participation (COPS), Series 2006, in order to provide funds for the construction of accelerated projects in furtherance of restoration of the Everglades. COPS are statutorily-authorized tax-exempt certificates evidencing undivided proportionate interests of the owners thereof in basic lease payments to be made by the Governing Board of the District, pursuant to a master lease purchase agreement by and between the District and the South Florida Water Management District Leasing Corporation (the "Corporation"), a not-for-profit entity (see Note (2)(a) on page III-14). The COPS are secured by and payable from the Trust Estate established for the Series 2006 Certificates (the "Trust Estate") pursuant to the Trust Agreement and any amounts payable under the Financial Guaranty Insurance Policy. The Trust Estate consists of all estate, right, title and interest of the Trustee in and to the Basic Lease Payments under the Series 2006 Lease, and all amounts held in the funds and accounts under the Trust Agreement in accordance with the provisions of the Master Lease and the Trust Agreement, including investment earnings thereon, and any and all monies received by the Trustee pursuant to the Series 2006 Lease and the Trust Agreement which are not required to be remitted to the Governing Board or the Corporation pursuant to the Master Lease or the Trust Agreement. Lease payments are funded from ad valorem revenues. Total COPS issued amounted to $546,120,000, having interest rates ranging from 3.5% to 5.0%. The District accounts for debt service transactions relative to COPS in the Everglades Trust Fund and the Comprehensive Everglades Restoration Plan Fund. Fiscal year requirements to amortize the COPS as of September 30, 2014 are as follows: Principal Interest Total 2015 $ 11,610,000 $ 23,572,247 $ 35,182,247 2016 12,165,000 23,000,372 35,165,372 2017 12,750,000 22,392,425 35,142,425 2018 13,385,000 21,742,025 35,127,025 2019 14,055,000 21,056,025 35,111,025 2020-2024 81,485,000 93,792,625 175,277,625 2025-2029 103,915,000 70,792,375 174,707,375 2030-2034 132,620,000 41,365,500 173,985,500 2035-2037 96,565,000 7,399,375 103,964,375 $478,550,000 $325,112,969 $803,662,969 The liability for compensated absences is generally liquidated by the General Fund and the Okeechobee Basin SR Fund and the liability for other post-employment benefits is generally liquidated from the General Fund. 111-34 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (11) FUND BALANCE REPORTING The following is the governmental fund balances in detail as of September 30, 2014: Okeechobee Everglades Okeechobee General Basin Trust Basin Fund SR Fund SR Fund CP Fund Nonspendable: Inventory $ - $ 5,570 $ - $ _ Permanent fund principal - - - Restricted for: Dispersed storage projects - 11,435 - - Source control projects - 75 75 - External risk management - 8,433 - - Okeechobee Basin operations - 82,072 - - Water protection,ecosystem mgmt,and restoration projects - - _ - Water quality enhancement projects - - - - Caloosahatchee Basin storage treatment - - - 1,171 Local govemment agreements _ - - - Big Cypress Basin operations - - - - Debt service - _ - - Indian River Lagoon surface water environmental enhancement - - - - Ops. &maint. of Everglades Stormwater Treatment Areas - _ - - Everglades conservation and natural resource protection - 168 - 8,212 Lake Okeechobee restoration - _ _ - Big Cypress Basin capital projects - - - - Acquisition, restoration or mgmt of environmentally sensitive lands - - _ - Florida Bay restoration - - - - Wetland creation, restoration and management _ - - - Construction&ops.of facilities-Everglades restoration&protectior - - - - Restoration strategies projects - 21,451 - Land management activities - - - Aquatic plant control _ - - - Workforce reduction plan - 103 5 - Other capital projects - - - 7,470 Commited for: Caloosahatchee Basin storage treatment - - - - Source control projects 325 - - - External risk management 7,180 - Facilities lease 201 Research,data collection,analysis&monitoring 40 - - - Workforce reduction plan 60 - - - Restoration strategies projects 4,691 - - - Capital Projects 2,422 - Assigned to: District operations 42,478 - - - Other capital projects - - - - - - Everglades restoration - - Wetland creation, restoration and management - - - - Unassigned: 6,023 - (11,647) - 63,420 107,857 9,883 16,853 111-35 161 ,r , A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (11) FUND BALANCE REPORTING (continued) COPS Everglades Save Our Everglades Other Total Trust Everglades Forever Governmental Governmental CP Fund CP Fund CP Fund Funds Funds Nonspendable: Inventory $ - $ - $ - $ 148 $ 5,718 Permanent fund principal - - - 14,967 14,967 Restricted for: Dispersed storage projects - - - - 11,435 Source control projects - - - - 150 External risk management - - - - 8,433 Okeechobee Basin operations - - - 896 82,968 Water protection,ecosystem mgmt,and restoration projects 4,188 - - 1,975 6,163 Water quality enhancement projects - - - - - Caloosahatchee Basin storage treatment - - 1,171 Local govemment agreements - - - - - Big Cypress Basin operations - - - - - Debt service 13,016 - - 17,234 30,250 Indian River Lagoon surface water environmental enhancement - - - 155 155 Ops.&maint.of Everglades Stormwater Treatment Areas - - - - - Everglades conservation and natural resource protection - - - 642 9,022 Lake Okeechobee restoration - - - 2,224 2,224 Big Cypress Basin capital projects - - - 19,511 19,511 Acquisition,restoration or mgmt of ernironmentally sensitive lands - - - 48,645 48,645 Florida Bay restoration - - - 3,468 3,468 Wetland creation,restoration and management - - - 46,280 46,280 Construction&ops.of facilities-Everglades restoration&protection - - 10,635 13,977 24,613 Restoration strategies projects 61,480 - - - 82,931 Land management activities - - - 7,349 7,349 Aquatic plant control - 32 32 Workforce reduction plan - - - 108 Other capital projects 18,079 - - 2,225 27,773 Commited for: Caloosahatchee Basin storage treatment - - - - - Source control projects - - - 325 External risk management - - 7,180 Facilities lease - - - - 201 Research,data collection,analysis&monitoring - - - - 40 Workforce reduction plan - - - - 60 Restoration strategies projects - - - 4,691 Capital Projects - - 2,422 Assigned to: District operations - - - 13 42,490 Other capital projects - - - 18,595 18,595 Everglades restoration - - - 4,316 4,316 Wetland creation,restoration and management - - - - - Unassigned: - (2,364 - (9,936) (17,925) 96,763 (2,364) 10,635 192,715 495,762 111-36 16I} 1 A6 w SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (12) DEFICIT FUND BALANCES At September 30, 2014, the following fund has a deficit fund balance: Save Our Everglades Capital Project Fund $ 2,363,914 External Grants Fund 161,561 The deficit in the External Grant Fund is expected to be funded by future reimbursement from the US Department of Agriculture and Florida Department of Environmental Protection and the deficit in the Save Our Everglades Capital Project Fund will be funded by a pending reimbursement from Florida Department of Environmental Protection. (13) OPERATING LEASES The District is committed under various operating leases for building, office space, vehicles, office equipment and data processing equipment. The majority of the operating leases contain renewal options that the District may exercise. In most cases, the District expects that in the normal course of business the leases will be renewed or replaced with other leases. Lease expenditures for the year ended September 30, 2014 amounted to approximately $1.3 million. Future minimum lease payments for these leases are as follows: Year Ending September 30: 2015 $ 900,857 2016 527,996 2017 261,512 2018 172,932 $ 1,863,297 (14) DEFINED BENEFIT PENSION PLAN Plan Description The District contributes to the Florida Retirement System (the "System"), a cost-sharing multiple-employer defined benefit pension plan administered by the State of Florida Division of Retirement. The System provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. The Florida Legislature established the System under Chapter 121, Florida Statutes, and has sole authority to amend benefit provisions. The System issues a publicly available annual financial report that includes financial statements and required supplementary information. That report may be obtained by writing to the Florida Department of Management Services, Division of Retirement, P.O. Box 9000, Tallahassee, Florida 32315-9000. 111-37 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (14) DEFINED BENEFIT PENSION PLAN(continued) Funding Policy During fiscal year 2011, the Florida Legislature passed Senate Bill 2100, which was signed into law by the Governor and became effective July 1, 2011. The bill requires all FRS Investment Plan and Pension Plan members, excluding those in the Deferred Retirement Option Program (DROP), to contribute 3%towards their retirement benefits. The District is required to contribute an actuarially determined rate, which is fixed by law and varies based on employee class. At fiscal year end the District's contribution rates were 7.37%, 21.14% and 12.284% of annual covered payroll for regular class, senior management class, and DROP class employees, respectively. The contributions of the District are established and may be amended by the State Legislature. The District's contributions to the System for the past three fiscal years, which is equal to the required contributions for each year, are as follows: Year Ending September 30: 2014 $ 10,752,615 2013 9,161,494 2012 8,086,080 (15) OTHER POST EMPLOYMENT BENEFITS (OPEB) Plan Description District retirees and their eligible dependents may continue participation in the District health insurance program as required by Florida Statutes, Section 112.0801. Because the cost to the retirees cannot be greater than that to active employees for the same coverage, an implicit subsidy is being provided to retirees. In January 2007, the District Governing Board approved a direct subsidy program to aid retirees in retaining quality healthcare coverage. The subsidy is a discount of the total premium contribution equal to 2% for each year of creditable service under the Florida Retirement System to a maximum of 30 years of creditable service or 60%. Effective July 2, 2012, the direct subsidy program was closed to new participants. Eligibility requirements include a minimum six years of consecutive District service immediately preceding retirement and be age 62 or older, or have a minimum of 25 years of FRS service, regardless of age. In order to maintain eligibility for the 2.0% retiree subsidy program, current employees were required to declare their intent to retire by July 2, 2012, and must have separated from District employment by December 12, 2012. The plan, a single employer defined benefit plan, is administered by the District. No formal trust is currently in place and benefits are provided through the annual budget appropriation. The provisions of the direct subsidy were established and may be amended by resolution of the District Governing Board. There is no separately issued financial report for the plan. As of the July 2013 valuation date, the plan covered 1,546 active participants and 372 retirees. 111-38 16I A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (15) OTHER POST EMPLOYMENT BENEFITS(OPEB) (continued) Funding Policy The District contributes 2% for each year of creditable service up to a maximum of 30 years or 60% of the total premium for retirees currently in the program. All other costs are paid by the retirees. The plan is financed on a pay-as-you-go basis. The liability for other post-employment benefits is generally liquidated from the General Fund. Annual OPEB Costs and Net OPEB Obligation For the fiscal year ended September 30, 2014, the District's annual OPEB cost of $4,770,003 was equal to the annual required contribution (ARC) for the fiscal year, one year's interest on the net OPEB obligation, and an adjustment equal to the discounted present value of the balance of the net OPEB obligation at the beginning of the year. The District's annual OPEB cost, the percentage of annual OPEB cost contributed to the plan and the net OPEB obligation for fiscal years 2014, 2013, and 2012 are as follows: 2014 2013 2012 Normal Cost(Service cost for one year) $ 1,857,787 $ 2,007,312 $ 2,015,202 Amortization of Unfunded Actuarial Accrued Liability 2,948,472 2,701,206 2,749,733 Interest on Normal Cost and Amortization 47,359 47,538 48,107 Annual Required Contribution(ARC) 4,853,618 4,756,056 4,813,042 Interest on NOO 961,575 865,917 764,305 Adjustment to ARC (1,045,190) (854,576) (754,295) Annual OPEB Cost(Expense) 4,770,003 4,767,397 4,823,052 Employer Contributions Made (2,486,411) (1,847,965) (2,344,703) Increase(decrease)in NOO 2,283,592 2,919,432 2,478,349 Net OPEB Obligation (NOO)at beginning of year 24,039,368 21,119,936 18,641,587 Estimated NOO at end of year 26,322,960 24,039,368 21,119,936 Percentage of annual OPEB Cost Contributed 52.13% 38.76% 48.61% 111-39 16t1 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (15) OTHER POST EMPLOYMENT BENEFITS (OPEB) (continued) Funded Status and Funding Progress The funded status of the plan as of September 30, 2014 was as follows: Actuarial Accrued Liability(AAL) $66,497,952 Actuarial Value of Plan Assets — Unfunded Actuarial Accrued Liability(UAAL) 66,497,952 Funded Ratio (Actuarial Value of Plan Assets/AAL) - Covered Payroll (Active Plan Members) 103,092,344 UAAL as a Percentage of Covered Payroll 64.50% Actuarial valuations of an OPEB plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continued revision as actual results are compared to past expectations and new estimates are made about the future. Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and plan members) and include the types of benefits provided at the time of each valuation and the pattern of sharing of benefit costs between employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce short- term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. In the July 1, 2013 actuarial valuation, as updated, the individual entry age actuarial cost method was used. The actuarial assumptions included a 4.0% investment rate of return, a 3.0% rate of general price inflation, and an annual healthcare cost trend rate of 8.5% in 2014, followed by 8.0% and 7.5% trend rates the next two years, respectively, followed by a trending down to an ultimate rate of 5.26% per year after 12 years, or 2029. The actuarial value of assets was not determined as the District has not advance funded its obligation. The Plan's unfunded actuarial accrued liability is being amortized as a level percent of payroll over a 23- year period with a closed amortization method. The assumed rate of payroll growth is 4.0% per year. The required schedule of funding progress, as shown in the Notes to the Required Supplementary Information (see page IV-5), presents multi-year trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liability for benefits. The projection of benefits for financial reporting purposes does not explicitly incorporate the potential effects of legal or contractual funding limitations. (16) INSURANCE ACTIVITIES The District is exposed to the various risks of loss related to torts, theft of, damage to and destruction of assets, errors and omissions, injuries to employees, and natural disasters. In 1976 the District established a self-insurance program for its workers' compensation exposure and in 1986 the District established a self-insurance program for automobile and general liability 111-40 161 ( A 6 -4 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (16) INSURANCE ACTIVITIES(continued) claims. These self-insured claims are administered by a third party and are accounted for in the Self Insurance Fund (an internal service fund). The District is totally self-insured for workers' compensation claims and the District's financial exposure for automobile and general liability is limited to $200,000 per person and $300,000 per occurrence pursuant to Section 768.28, Florida Statutes. Expenditures relating to insurance are charged to other funds based on a cost allocation study performed by Management. These expenditures include actuarial estimates utilizing the Casualty Actuarial Society Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense. The actuarial calculations are utilized to determine the amount needed for losses incurred but not reported (IBNR) at year end. The District transfers its risk for personal and real property through the purchase of an insurance policy. The coverage is written on a 100% replacement/stated value basis, with varying retentions. The District has a self-insurance program for health benefits, including medical, dental and vision coverage, for its employees and retirees who choose to remain within the plan. The claims are administered by a third party and accounted for in the Health Benefits Fund (an internal service fund). The participating funds make payments to the Health Benefits Fund by means of premiums charged and employee payroll deductions. The payments are based on management's estimates, using historical trends, of the amounts needed to pay prior and current year claims. The expenditures include an actuarial estimate to determine the amount needed for losses incurred but not reported at year end. The District maintains excess insurance coverage for health care costs. The claims liabilities are based on actuarial valuations performed by independent actuaries as of September 30, 2014, and are presented on a net undiscounted basis. The liability includes claims incurred but not reported. The estimated liabilities by risk category at September 30, 2014 are as follows: Amounts Due Balance Within One 9/30/2014 Year Workers' Compensation $ 3,706,000 $ 769,330 General and Automobile 67,000 49,992 Health Insurance 1,744,918 1,744,918 $ 5,517,918 $ 2,564,240 Changes in the claims liability amount for the current and prior fiscal year are summarized below: Current Claims Fiscal Beginning and Changes in Claim Ending Year Liability Estimates Payments Liability 2013 6,743,395 25,435,821 (25,835,260) 6,343,956 2014 6,343,956 26,204,480 (27,030,518) 5,517,918 III-41 16I1 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (16) INSURANCE ACTIVITIES(continued) To minimize the financial impact of potential unforeseen catastrophes, District policy allows a fund balance reserve for the self-insurance of workers' compensation, general and automobile liability claims, of up to $10 million in excess of the most recent actuarially-estimated liability determination. There were no significant changes in insurance coverage from the prior year and the amount of settlements did not exceed the insurance coverage for each of the past three years. (17) CONDEMNATION PROCEEDINGS The District is party to numerous lengthy condemnation proceedings (as plaintiff) and inverse condemnation proceedings (as defendant or co-defendant) regarding the taking of private lands throughout the District for public use. The court may rule there was no taking of land by the District resulting in no commitment to the District. Where a taking is ruled, the court determines the value of the land claimed by the owner and payment is made to the owner upon transfer of title to the District. At September 30, 2014, the court had yet to rule on a number of proceedings for which the land value and title transfer date is undetermined. The District is unable to estimate the potential financial exposure relative to these rulings, if any. When the court rules there is a taking, the District will budget and appropriate funds to pay for the purchase of the land. (18) MAJOR CONSTRUCTION COMMITMENTS The Everglades Construction Project (ECP), the first major step in the Everglades restoration pursuant to the Everglades Forever Act (EFA) was passed by the Florida Legislature in 1994. The 1994 EFA directed the District to acquire land, design, permit, and construct a series of Stormwater Treatment Areas (STAs) to reduce phosphorus levels from stormwater runoff and other sources before it enters the Everglades Protection Area (EPA). In total, the ECP was composed of 12 interrelated construction projects located between Lake Okeechobee and the EPA. The STAs, which consist of six large constructed wetlands with a combined area of over 52,000 acres, are the cornerstone of the ECP. The ECP is one of the largest public works projects in the nation for environmental restoration. The total cost associated with implementing the ECP is shared among the District, state and federal governments, and the agricultural community. Major funding sources for the EFA include a one-tenth mill ad valorem property tax levy (0.0613 mill for FY2013), agricultural privilege taxes, state funds, federal funds, Alligator Alley toll revenues, and other environmental mitigation funds. The 1994 ECP capital projects were completed in fiscal year 2007 for a total cost of $514.8 million (local share). When combined with the federal share of $198.9 million, the total capital cost associated with the 1994 ECP is$713.7 million. 111-42 161 'I A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (18) MAJOR CONSTRUCTION COMMITMENTS (continued) In 2003 the Florida Legislature amended the 1994 EFA to include the 2003 Long-Term Plan for Achieving Water Quality Goals for Everglades Protection Area Tributary Basins (Long-Term Plan) as the strategy for achieving the long-term water quality goals for the Everglades Protection Area. The amended EFA also expanded the use of the District's one-tenth mill ad valorem property tax levy, agricultural privilege taxes and other funding sources for implementing the initial phase of the Long-Term Plan, including Everglades Stormwater Treatment Area enhancements, research and optimization, and operation and maintenance of the ECP. Also in 2003, the State of Florida's Environmental Regulation Commission adopted a water quality standard for phosphorus within the EPA that includes a numeric criterion of 10 parts per billion (ppb)for total phosphorus. In 2004, the Long-Term Plan was revised to include the addition of approximately 18,000 acres of STAs on Compartments B and C in the Everglades Agricultural Area (EM). There were subsequent revisions occurring in 2005, 2006 and 2007. These revisions also addressed modifications to the STA enhancement projects, changes to the source controls component of the plan, changes to the plan's Process Development and Engineering component, and the addition of new projects to the Long-Term Plan. The revised Long-Term Plan's initial 13-year phase is projected to cost approximately$1.2 billion. In 2013, the Florida legislature modified the EFA and redefined the Long-Term Plan to also include the Restoration Strategies Regional Water Quality Plan, as defined in Section 373.4592(13), F.S. In FY2014, a total of $53.6 million was expended for work associated with the Everglades Forever Act. Of this amount, $6.5 million was expended for Restoration Strategies — Regional Projects Conceptual Planning and Design; and $19.2 million for STA Operations and Maintenance. Debt Service payments related to Certificates of Participation issued in 2006 (FY2007) to fund construction totaled $19.5 million. The remaining $8.4 million was spent on other EFA-related components such as program support, monitoring, assessment, research, and evaluation in the EPA. The Comprehensive Everglades Restoration Plan is a conceptual plan that proposes major modifications to the Central and Southern Florida Project in order to reverse decades of ecosystem decline. Specifically, the plan describes nearly 50 major projects and 68 project components to be constructed at an original cost estimate of$10.9 billion, in 2004 dollars. Major components of CERP focus on restoring the quantity, quality, timing, and distribution of water for the natural system, and include aquifer storage and recovery, in-ground reservoirs, rainfall- driven operations, removing barriers to sheetflow, seepage management, stormwater treatment areas, surface water storage reservoirs, and water reuse and conservation. The estimated costs for CERP have increased to $13.5 billion, based on price level (inflation) adjustments to 2009 dollars; and revisions made to scope based on finalized designs for projects such as the Indian River Lagoon — South, Picayune Strand Restoration, Site 1 Impoundment, and C-111 Spreader Canal Western projects. CERP is an equal partnership between the State of Florida and the federal government. The State of Florida and the South Florida Water Management District have invested approximately $1.9 billion toward this effort. Through September 30, 2014, 256,011 acres or 63 percent of the estimated lands needed to implement CERP have been acquired. 111-43 16I1 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2014 (18) MAJOR CONSTRUCTION COMMITMENTS (continued) In FY2014, a total of $95.3 million dollars were expended for the implementation of CERP projects, of which payments of Debt Service related to Certificates of Participation issued by the SFWMD and bonds issued by FDEP totaled $33.9 million dollars. (19) OTHER COMMITMENTS AND CONTINGENCIES The District also participates in several other federal and state assistance programs that are subject to financial and program compliance audits. Such audits could lead to reimbursements to the grantor agency for disallowed expenditures. However, management believes any additional such disallowances, if any, will be immaterial. 111-44 1611 A6 FINANCIAL SECTION REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A (UNAUDITED) 161 °1 A6 South Florida Water Management District Page 1 of 2 General Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual-(Unaudited) For the Year Ended September 30,2014 Variance with Final Budget- Original Final Positive Budget Budget Actual (Negative) REVENUES Ad Valorem Property Taxes $ 111,232,713 $ 111,554,463 $ 112,385,298 $ 830,835 Intergovernmental 452,374 452,374 106,458 (345,916) Investment Earnings(Losses) 1,200,000 1,200,000 1,357,462 157,462 Licenses, Permits and Fees 2,042,999 2,042,999 3,720,028 1,677,029 Sale of District Property 75,000 75,000 38,592 (36,408) Leases 56,181 56,181 141,169 84,988 Other 434,700 434,700 378,105 (56,595) Total Revenues 115,493,967 115,815,717 118,127,112 2,311,395 EXPENDITURES Current Adminstrative Services and Executive Offices Land Stewardship 274,752 235,958 232,839 3,119 Mission Support 33,167,988 32,403,404 30,415,548 1,987,856 Modeling and Scientific Support 3,250,830 2,582,530 2,520,477 62,053 Operations and Maintenance 10,968,915 10,842,510 10,436,203 406,307 Regulation 4,819,222 4,066,788 3,848,146 218,642 Restoration 10,572,665 8,396,345 5,948,589 2,447,756 Water Supply 1,271,983 1,134,998 945,397 189,601 64,326,355 59,662,533 54,347,199 5,315,334 Operations, Maintenance, and Construction Land Stewardship 1,029,507 1,028,837 928,269 100,568 Mission Support 523,427 530,322 498,204 32,118 Modeling and Scientific Support 2,089,380 2,406,928 2,343,175 63,753 Operations and Maintenance 9,231,750 10,839,984 9,572,383 1,267,601 Regulation 72,244 147,248 133,674 13,574 Restoration 6,371,798 4,781,890 2,828,152 1,953,738 Water Supply 798,988 748,079 710,605 37,474 Total Operations, Maintenance, and Construction 20,117,094 20,483,288 17,014,462 3,468,826 Regulation Operations and Maintenance 24,300 23,773 23,529 244 Regulation 14,695,434 14,406,513 14,224,401 182,112 Restoration 637,173 590,075 548,367 41,708 Water Supply - 47,585 31,097 16,488 Total Regulation 15,356,907 15,067,946 14,827,394 240,552 IV-1 1611 A 6 1 South Florida Water Management District Page 2 of 2 General Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual-(Unaudited) For the Year Ended September 30,2014 Variance with Final Budget- Original Final Positive Budget Budget Actual (Negative) Water Resources Land Stewardship - 2,000 1,756 244 Modeling and Scientific Support 6,954,359 7,506,039 7,371,683 134,356 Restoration 4,858,758 4,929,345 4,170,821 758,534 Water Supply 6,162,214 6,233,510 5,850,240 383,270 Total Water Resources 17,975,331 18,670,894 17,394,500 1,276,404 Contingency Managerial Reserve - 4,866,256 - 4,866,256 Managerial Reserve-Contingency 15,742,735 15,742,735 - 15,742,735 Total Contingency 15,742,735 20,608,991 - 20,608,991 Total Expenditures 133,518,422 134,493,652 103,583,555 30,910,108 Revenues in Excess of(Less than)Expenditures (18,024,455) (18,677,935) 14,543,557 33,221,492 OTHER FINANCING SOURCES(USES) Transfers In 23,869,679 25,367,780 25,360,610 (7,170) Transfers Out (38,762,905) (39,607,526) (39,600,356) 7,170 Total Other Financing Sources(Uses) (14,893,226) (14,239,746) (14,239,746) - Net Change in Fund Balance (32,917,681) (32,917,681) 303,811 33,221,492 Fund Balance at Beginning of Year 63,115,887 63,115,887 63,115,887 - Fund Balance at End of Year $ 30,198,206 $ 30,198,206 $ 63,419,698 $ 33,221,492 IV-2 1611 A6 South Florida Water Management District Page 1 of 2 Okeechobee Basin Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual-(Unaudited) For the Year Ended September 30,2014 Variance with Final Budget- Original Final Positive Budget Budget Actual (Negative) REVENUES Ad Valorem Property Taxes $ 110,714,216 $ 110,889,716 $ 111,802,444 $ 912,728 Intergovernmental 3,576,213 3,576,213 5,517,940 1,941,727 Investment Earnings(Losses) 850,000 850,000 1,513,729 663,729 Licenses, Permits and Fees 60,000 60,000 85,738 25,738 Sale of District Property 175,000 175,000 213,400 38,400 Leases 1,369,999 1,369,999 1,169,445 (200,554) Other 25,000 25,000 308,762 283,762 Total Revenues 116,770,428 116,945,928 120,611,458 3,665,530 EXPENDITURES Current Adminstrative Services and Executive Offices Land Stewardship 125,425 5,600 - 5,600 Mission Support 3,621,975 3,620,575 2,829,232 791,243 Operations and Maintenance 2,603,106 1,416,909 1,370,070 46,839 Restoration 9,862,759 6,889,821 5,036,737 1,853,084 16,213,265 11,932,905 9,236,039 2,696,766 Operations, Maintenance, and Construction Land Stewardship 5,245,908 5,642,763 5,207,523 435,240 Mission Support - 485 485 - Modeling and Scientific Support 577,012 557,012 317,824 239,188 Operations and Maintenance 73,862,528 75,856,798 70,309,790 5,547,008 Regulation - 2,012 1,692 320 Restoration 10,553,143 3,283,890 2,745,335 538,555 Water Supply 15,418 58,069 55,863 2,206 Total Operations, Maintenance, and Construction 90,254,009 85,401,029 78,638,512 6,762,517 Regulation Operations and Maintenance 1,000 - - - Restoration 526,946 503,049 436,228 66,821 Total Regulation 527,946 503,049 436,228 66,821 Water Resources Modeling and Scientific Support - 179,146 119,782 59,364 Operations and Maintenance - 2,308 1,183 1,125 Restoration 4,287,379 4,236,033 3,875,776 360,257 Water Supply 452,974 339,516 278,799 60,717 Total Water Resources 4,740,353 4,757,003 4,275,540 481,463 IV-3 1611 A6 South Florida Water Management District Page 2 of 2 Okeechobee Basin Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual-(Unaudited) For the Year Ended September 30,2014 Variance with Final Budget- Original Final Positive Budget Budget Actual (Negative) Contingency Managerial Reserve - 8,973,533 - 8,973,533 Managerial Reserve-Contingency 40,512,602 40,512,602 - 40,512,602 Total Contingency 40,512,602 49,486,135 - 49,486,135 Total Expenditures 152,248,175 152,080,121 92,586,319 59,493,702 Revenues in Excess of(Less than)Expenditures (35,477,745) (35,134,193) 28,025,139 63,159,332 OTHER FINANCING SOURCES(USES) Transfers In 163,157 418,780 173,861 (244,919) Transfers Out (28,465,539) (29,064,714) (28,819,795) 244,919 Total Other Financing Sources(Uses) (28,302,382) (28,645,934) (28,645,934) - Net Change in Fund Balance (63,780,127) (63,780,127) (620,795) 63,159,332 Fund Balance at Beginning of Year 108,477,717 108,477,717 108,477,717 - Fund Balance at End of Year $ 44,697,590 $ 44,697,590 $ 107,856,922 $ 63,159,332 IV-4 1611 A6 South Florida Water Management District Page 1 of 1 Everglades Restoration Trust Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual-(Unaudited) For the Year Ended September 30,2014 Variance with Final Budget- Original Final Positive Budget Budget Actual (Negative) REVENUES Ad Valorem Property Taxes $ 35,358,675 $ 35,446,425 $ 35,700,467 $ 254,042 Agricultural Privilege Taxes 11,300,000 11,300,000 11,439,721 139,721 Intergovernmental 5,107,500 5,107,500 4,752,985 (354,515) Investment Earnings(Losses) 700,000 700,000 375,219 (324,781) Sale of District Property - - 6,267 6,267 Other - - 9,125 9,125 Total Revenues 52,466,175 52,553,925 52,283,784 (270,141) EXPENDITURES Current Adminstrative Services and Executive Offices Restoration 7,376,632 3,791,367 3,158,350 633,017 7,376,632 3,791,367 3,158,350 633,017 Operations, Maintenance, and Construction Operations and Maintenance - 10,959 10,839 120 Restoration 23,104,051 23,393,690 20,515,603 2,878,087 Total Operations, Maintenance, and Construction 23,104,051 23,404,649 20,526,442 2,878,207 Regulation Restoration 1,163,153 1,194,246 1,108,374 85,872 Total Regulation 1,163,153 1,194,246 1,108,374 85,872 Water Resources Restoration 5,231,977 5,696,391 5,344,135 352,256 Total Water Resources 5,231,977 5,696,391 5,344,135 352,256 Contingency Managerial Reserve - 1,468,243 - 1,468,243 Managerial Reserve-Contingency 3,000,000 3,000,000 - 3,000,000 Total Contingency 3,000,000 4,468,243 - 4,468,243 Total Expenditures 39,875,813 38,554,896 30,137,301 8,417,595 Revenues in Excess of(Less than)Expenditures 12,590,362 13,999,029 22,146,483 8,147,454 OTHER FINANCING SOURCES(USES) Transfers In 1,138,000 1,138,000 1,138,000 - Transfers Out (22,648,291) (24,056,958) (24,056,958) - Total Other Financing Sources(Uses) (21,510,291) (22,918,958) (22,918,958) - Net Change in Fund Balance (8,919,929) (8,919,929) (772,475) 8,147,454 Fund Balance at Beginning of Year 10,655,617 10,655,617 10,655,617 - Fund Balance at End of Year $ 1,735,688 $ 1,735,688 $ 9,883,142 $ 8,147,454 IV-5 ló ' lA6 South Florida Water Management District Schedule of Employer Contributions Other Post-Employment Benefit Plans September 30, 2014 Schedule of Employer Contributions Annual Required Year Ended Employer Contribution Percentage September 30, Contributions (ARC) Contributed 2009 $ 1,028,112 $ 3,675,782 27.97% 2010 $ 1,560,396 $ 7,972,296 19.57% 2011 $ 3,705,335 $ 7,834,678 47.29% 2012 $ 2,344,703 $ 4,813,042 48.72% 2013 $ 1,847,965 $ 4,756,056 38.85% 2014 $ 2,486,411 $ 4,853,618 51.23% Schedule of Funding Progress (3) (4) (1) (2) Unfunded Funded Ratio (5) (6) Actuarial Actuarial Actuarial Actuarial (Actuarial Covered UAAL as a Valuation Value of Plan Accrued Accrued Value of Plan Payroll (Active Percentage of Date Assets Liability (AAL) Liability (UAAL) Assets/AAL) Plan Members) Covered Payroll (2)-(1) (1)/(2) (3)/(5) 7/1/2009 — $ 93,842,506 $ 93,842,506 0% $110,368,449 85.03% 7/1/2011 — $ 62,913,036 $ 62,913,036 0% $108,728,010 57.86% 7/1/2013 — $ 66,497,962 $ 66,497,962 0% $103,092,344 64.50% As required by GASB Statement No. 45 an actuarial valuation is required at least biennially. IV-6 1611 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION SEPTEMBER 30, 2014 BUDGETARY INFORMATION • Budgets are legally adopted for all funds and are adopted on a basis consistent with generally accepted accounting principles. The adopted budget represents a fiscal-year financial plan that details Governing Board approved revenues and expenditures. The District's level of budgetary control, defined as the lowest level at which management may not reallocate resources without approval of the Governing Board, is at the program level within a fund and resource area. There are seven Programs: Land Stewardship, Mission Support, Modeling and Scientific Support, Operations and Maintenance, Regulation, Restoration, and Water Supply. The District is organized by four main resource areas: Administrative Services and Executive Offices; Operations, Maintenance, and Construction; Regulation; and Water Resources. • The accompanying budgetary data represent the original and the final amended budgets as approved by the Governing Board. During fiscal year 2014, the Governing Board approved five budget amendments. Of the five budget amendments, only three amendments effected governmental funds. Two of the budget amendments recognized receipts of $1.0 million in unbudgeted intergovernmental revenues. The two amendments impacted governmental funds other than the three presented herein. The last amendment impacted the General Fund, Okeechobee Basin Special Revenue Fund and the Everglades Restoration Trust Special Revenue Fund budgeted revenues and expenditures. This amendment authorized additional Ad Valorem revenue and increased expenditures up to $1.5 million, respectively, to cover Health Insurance Claims. Only $585,000 (General Fund - $321,750, Okeechobee Basin Special Revenue Fund - $175,500 and Everglades Restoration Trust Special Revenue Fund - $87,750) was transferred to the Health Insurance Fund because it was determined to be sufficient to cover all remaining fiscal year 2014 claims. As part of the adoption of the original District budget, a Governing Board-authorized resolution provides for the transfer of funds from and to the General Fund and/or Special Revenue Funds to and from the corresponding Capital Projects Fund. These transfers are processed throughout the fiscal year, and while there is no impact to the overall District budget total, individual Funds will realize increases or decreases in budget in comparison to the amount originally adopted. • As a result of the aforementioned inter-fund transfers processed during fiscal year 2014, General Fund realized an increase in budgeted expenditures of $653,480, while the Okeechobee Basin Special Revenue Fund and the Everglades Restoration Trust Special Revenue Fund realized decreases in budgeted expenditures of $343,552 and $1,408,668, respectively. For the year ended September 30, 2014, the General Fund realized an overall increase in budgeted expenditures of $975,230 and budgeted revenues of $321,750. The Okeechobee Basin Special Revenue Fund realized a net decrease in budgeted expenditures of $168,052 and an increase in budgeted revenues of $175,500. The Everglades Restoration Trust Special Revenue Fund realized a net decrease in budgeted expenditures of $1,320,918 and an increase in budgeted revenues of $87,750. None of the reported funds had expenditures for the fiscal year in excess of the final budgetary appropriation. IV-7 1611A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION SEPTEMBER 30, 2014 OTHER POST-EMPLOYMENT BENEFITS (OPEB) • The employer contributions reported on the Schedule of Employer Contributions (see page IV-6) represents the current amount paid by the District for the current year cost of the benefits, which were entirely paid to or on behalf of retirees. Accordingly, no assets have been placed in trust to advance fund the employer's obligation. IV-8 1611 A6 FINANCIAL SECTION OTHER SUPPLEMENTARY INFORMATION 1611 A6 Special Revenue Funds Special Revenue Funds are maintained to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specific purposes. Big Cypress Basin Fund Accounts for the normal operating expenditures of the Big Cypress Basin, an area covering all or part of two counties in Southwest Florida. Funding is provided by a .1593 mill tax levy and interest earnings. Save Our Rivers Fund Accounts for revenues provided by: 1) a portion of documentary stamp tax revenues appropriated and allocated in the District's name and deposited in the Florida Water Management Lands Trust Fund administered by the State of Florida, 2) regulatory fines, and 3) interest earnings used to fund expenditures incurred towards the management and restoration of environmentally sensitive water resource lands within the District. This fund also accounts for the principal and interest payments on special obligation land acquisition bonds. State Appropriations Fund Accounts for revenue collected and operating expenditures for various projects utilizing state sources. Among the funding sources are the Ecosystem Management and Restoration Trust Fund, the Water Protection and Sustainability Trust Fund, and various state agencies. Invasive Aquatic Plant Control Fund Accounts for revenues provided by the Florida Department of Environmental Protection towards expenditures incurred for aquatic plant control throughout the District, including the Kissimmee River and Upper Chain of Lakes. Upland Invasive Plant Control Fund Accounts for revenues provided by the Florida Department of Environmental Protection which fund expenditures incurred in order to control the spread of melaleuca trees in environmentally sensitive areas. Wetland Mitigation Fund Accounts for revenues provided by private and other governmental contributions as part of the required permit to fund expenditures incurred to create new wetlands or improve alternative existing wetlands due to the destruction of designated wetlands. Revenues are also provided by interest earnings on unspent fund balances. Indian River Lagoon Restoration Fund Accounts for revenues provided by sales of Indian River Lagoon license plates, used in funding expenditures incurred for the purpose of enhancing the environmental and scenic value of surface waters in the Indian River Lagoon. Federal Land Management Fund Accounts for grant revenues received from the federal government in support of expenditures relating to the management and maintenance of environmentally sensitive lands. v-i 1611 A Special Revenue Funds(continued) External Grants Fund Accounts for revenues and expenditures related to grants that are received and used primarily for monitoring, restoration, and maintenance efforts. This separate fund facilitates the detailed tracking of expenditures and/or cost share contributions. Lake Belt Mitigation Fund Accounts for revenues received pursuant to Chapter 373.41492, Florida Statutes, which requires mitigation from impacts resulting from rock mining in the Lake Belt area of Miami-Dade County, and related expenditures incurred towards the restoration and management of environmentally sensitive lands. Everglades License Plate Fund Accounts for proceeds derived from Everglades license plate sales, which are used to fund expenditures incurred towards the conservation and protection of the natural resources and abatement of water pollution in the Everglades. Lake Okeechobee Fund Accounts for revenues provided by the State of Florida through the Department of Environmental Protection towards restoration projects associated with Lake Okeechobee. Save Our Everglades Fund Accounts for revenues and operating expenditures for the Comprehensive Everglades Restoration Plan (CERP)and the Northern Everglades Estuary Protection Program(NEEPP)which are funded from the State's Save Our Everglades Trust Fund. Federal Emergency Management Agency Fund Accounts for revenues provided by the Department of Homeland Security to fund operating costs associated with noncapital project expenditures. Florida Bay Fund Accounts for operating expenditures associated with restoring a more natural quantity, distribution, and timing of water flows to Florida Bay. V-2 161 ` 1 A6 0,4 Capital Projects Funds Capital Projects Funds are maintained to account for financial resources to be used for the purchase of real property and the acquisition or construction of major capital facilities. District Fund Accounts for capital expenditures on projects associated with District-wide functions. Revenue is provided through operating transfers from the General Fund. Big Cypress Basin Fund Accounts for capital expenditures incurred towards projects benefiting the Big Cypress Basin. Revenue is provided through operating transfers from the Big Cypress Basin Special Revenue Fund. Save Our Rivers Fund Accounts for revenues received from annual allocations through the State's Florida Forever Trust Fund, and related expenditures incurred for the purchase of environmentally sensitive lands. Federal Emergency Management Agency Fund Accounts for revenues provided by the Department of Homeland Security to fund related capital project expenditures. Florida Bay Fund Accounts for capital expenditures associated with restoring a more natural quantity, distribution, and timing of water flows to Florida Bay. Wetland Mitigation Fund Accounts for revenues provided by private and other governmental contributions as part of the required permit to fund capital expenditures incurred to create new wetlands or improve alternative existing wetlands due to the destruction of designated wetlands. Revenues are also provided by interest earnings on unspent fund balances. Comprehensive Everglades Restoration Plan (CERP) Fund Accounts for capital expenditures associated with projects included in the Central and Southern Florida (C&SF) Restudy and which form the basis of the CERP. These projects are designed to increase the availability of water supplies for consumptive use or cost share with the federal government on regional projects intended to mitigate consequences that are an outgrowth of the original C&SF Flood Control Project. Funding is provided by transfers from the General Fund and Okeechobee Basin Special Revenue Fund. Federal Land Acquisition Fund Accounts for grant revenues received from the federal government in support of expenditures relating to the purchase of environmentally sensitive lands. V-3 1611A6 1 Capital Projects Funds(continued) Comprehensive Everglades Restoration Plan(CERP)—Other Creditable Funds Fund Accounts for revenues received from and expenditures funded through various sources for the Comprehensive Everglades Restoration Plan, excluding revenues and expenditures from federal sources, district ad-valorem property tax sources, and the state's Save Our Everglades Trust Fund. COPS—Comprehensive Everglades Restoration Plan (CERP) Fund Accounts for revenues from Certificates of Participation issued to support the accelerated construction of projects in the Comprehensive Everglades Restoration Plan. Lake Belt Mitigation Fund Accounts for revenues received pursuant to Chapter 373.41492, Florida Statutes, which requires mitigation from impacts resulting from rock mining in the Lake Belt area of Miami-Dade County, and related capital expenditures incurred towards the acquisition, restoration and management of environmentally sensitive lands. Lake Okeechobee Fund Accounts for revenues provided by the State of Florida through the Department of Environmental Protection towards capital restoration projects associated with Lake Okeechobee. Permanent Fund The Permanent Fund is used to report resources that are legally restricted to the extent that only earnings, not principal, may be used for purposes that support the District's programs. Wetland Mitigation Fund Accounts for the long-term maintenance portion of fees collected from private businesses and other governmental agencies as a condition for issuing wetlands mitigation permits. Interest earned on these fees is used to pay for the costs associated with long-term maintenance of lands purchased pursuant to the District's wetlands mitigation program. V-4 1611A6 South Florida Water Management District Combining Balance Sheet Page 1 of 6 Nonmajor Governmental Funds September 30,2014 Special Revenue Funds Invasive Upland Big Cypress State Aquatic Plant Invasive Plant Wetland Basin Save Our Rivers Appropriations Control Control Mitigation ASSETS Cash and Investments $ 10,858,266 $ 7,809,190 $ 2,154,973 $ - $ - $ 19,640,951 Cash Held by Trustee - - - - - - Accounts Receivable 10,586 60,230 - - - 23,049 Due from Other Governments 88,254 17,622 - 269,638 103,499 - Inventory 148,322 - - - - - Prepaid and Other Assets - - - - - - Total Assets $ 11,105,428 $ 7,887,042 $ 2,154,973 $ 269,638 $ 103,499 $ 19,664,000 LIABILITIES,DEFERRED INFLOWS OF RESOURCES&FUND BALANCES LIABILITIES Accounts Payable $ 164,891 $ 266,404 $ 180,190 $ 32,653 $ 103,499 $ 302,321 Due to Other Governments 600,000 - - - - - Due to Other Funds 14,932 - - 204,865 - 636 DEFERRED INFLOWS OF RESOURCES Unavailable Revenue 892,622 - - - - Total Liabilities&Deferred Inflows of Resources 779,823 1,159,026 180,190 237,518 103,499 302,957 FUND BALANCES Nonspendable 148,322 - - _ - - Restricted 10,177,283 6,728,016 1,974,783 32,120 - 19,361,043 Assigned - - - - - - Unassigned - - - - - Total Fund Balances 10,325,605 6,728,016 1,974,783 32,120 - 19,361,043 Total Liabilities,Deferred Inflows of Res ouce &Fund Balan ces $ 11,105,428 $ 7,887,042 $ 2,154,973 $ 269,638 $ 103,499 $ 19,664,000 V-5 Continued 1611 A6 South Florida Water Management District Combining Balance Sheet Page 2 of 6 Nonmajor Governmental Funds September 30,2014 Special Revenue Funds(Continued) Indian River Lagoon Federal Land Lake Belt Everglades Lake Restoration Management External Grants Mitigation License Plate Okeechobee ASSETS Cash and Investments $ 286,189 $ 3,936,945 $ - $ 43,105,182 $ 597,116 $ 2,350,491 Cash Held by Trustee - - - - - - Accounts Receivable 334 36,974 - 48,888 686 - Due from Other Governments - - 54,547 - - - Inventory - - - - - - Prepaid and Other Assets - - - 742,623 - - Total Assets $ 286,523 $ 3,973,919 $ 54,547 $ 43,896,693 $ 597,802 $ 2,350,491 LIABILITIES,DEFERRED INFLOWS OF RESOURCES&FUND BALANCES LIABILITIES Accounts Payable $ - $ 232,468 $ 33,409 $ 93,837 $ 119,998 $ 100,438 Due to Other Governments - - - - - - Due to Other Funds - - 182,699 681 - - DEFERRED INFLOWS OF RESOURCES Unavailable Revenue - 234,201 - - - Total Liabilities&Deferred Inflows of Resources - 466,669 216,108 94,518 119,998 100,438 FUND BALANCES Nonspendable - - - - - - Restricted 286,523 3,507,250 - 43,802,175 477,804 2,250,053 Assigned - - - - - - Unassigned - - (161,561) - - - Total Fund Balances 286,523 3,507,250 (161,561) 43,802,175 477,804 2,250,053 Total Liabilities,Deferred Inflows of $ 286,523 $ 3,973,919 $ 54,547 $ 43,896,693 $ 597,802 $ 2,350,491 Resources&Fund Balances V-6 1611A6 South Florida Water Management District Combining Balance Sheet Page 3 of 6 Nonmajor Governmental Funds September 30,2014 Special Revenue Funds(Concluded) Capital Projects Funds Federal Emergency Save Our Management Big Cypress Everglades Agency Florida Bay Total District Basin ASSETS&DEFERRED OUTFLOWS OF RESOURCES ASSETS Cash and Investments $ 1,961,934 $ 12,820 $ 1,262,964 $ 93,977,021 $ 14,502,793 $ 10,511,765 Cash Held by Trustee - - - - 10,519,874 - Accounts Receivable 43,489 - 1,564 225,800 33,202 12,261 Due from Other Governments 1,337,793 - 1,020 1,872,373 - - Inventory - - - 148,322 - - Prepaid and Other Assets - - - 742,623 75,000 - Total Assets $ 3,343,216 $ 12,820 $ 1,265,548 $ 96,966,139 $ 25,130,869 $ 10,524,026 LIABILITIES,DEFERRED INFLOWS OF RESOURCES&FUND BALANCES LIABILITIES Accounts Payable $ 1,265,695 $ - $ 314,780 $ 3,210,583 $ 423,892 $ 294,901 Due to Other Governments - - - 600,000 - - Due to Other Funds - - 2,717 406,530 - - DEFERRED INFLOWS OF RESOURCES Unavailable Revenue - - 1,021 1,127,844 - - Total Liabilities&Deferred Inflows of 1,265,695 - 318,518 5,344,957 423,892 294,901 Resources FUND BALANCES Nonspendable - - - 148,322 - - Restricted 2,217,345 - 947,030 91,761,425 10,519,875 10,229,125 Assigned - 12,820 - 12,820 14,187,102 - Unassigned (139,824) - - (301,385) - - Total Fund Balances 2,077,521 12,820 947,030 91,621,182 24,706,977 10,229,125 Total Liabilities,Deferred Inflows of $ 3,343,216 $ 12,820 $ 1,265,548 $ 96,966,139 $ 25,130,869 $ 10,524,026 Resources&Fund Balances V-7 Continued 1611 A6 .., South Florida Water Management District Combining Balance Sheet Page 4 of 6 Nonmajor Governmental Funds September 30,2014 Capital Projects Funds(Continued) Federal Comprehensive Emergency Everglades Save Our Managment Wetland Restoration Federal Land Rivers Agency Florida Bay Mitigation Plan(CERP) Acquisition ASSETS Cash and Investments $ 12,049,819 $ 114,917 $ 2,534,578 $ 9,046,593 $ 4,437,696 $ 3,932,715 Cash Held by Trustee - - - - - - Accounts Receivable 14,234 - 2,937 10,521 - - Due from Other Governments - - - - - - Inventory - - - - - _ Prepaid and Other Assets - - - - - - Total Assets $ 12,064,053 $ 114,917 $ 2,537,515 $ 9,057,114 $ 4,437,696 $ 3,932,715 LIABILITIES,DEFERRED INFLOWS OF RESOURCES&FUND BALANCES LIABILITIES Accounts Payable $ - $ - $ 16,371 $ - $ 145,013 $ - Due to Other Governments - - - - - - Due to Other Funds - - - - - - DEFERRED INFLOWS OF RESOURCES Unavailable Revenue - - - - - - Total Liabilities&Deferred Inflows of - - 16,371 - 145,013 - Resources FUND BALANCES Nonspendable - - - - - - Restricted 12,064,053 - 2,521,144 18,691,952 - 3,932,715 Assigned - 114,917 - - 4,292,683 - Unassigned - - - (9,634,838) - - Total Fund Balances 12,064,053 114,917 2,521,144 9,057,114 4,292,683 3,932,715 Total Liabilities,Deferred Inflows of $ 12,064,053 $ 114,917 $ 2,537,515 $ 9,057,114 $ 4,437,696 $ 3,932,715 Resources&Fund Balances V-B 1611A6 South Florida Water Management District Combining Balance Sheet Page 5 of 6 Nonmajor Governmental Funds September 30,2014 Capital Project Funds(Concluded) Permanent Fund Comprehensive COPS Everglades Comprehensive Restoration Plan Everglades Lake Belt Lake Wetland • Other Creditable Restoration Plan Mitigation Okeechobee Total Mitigation ASSETS Cash and Investments $ 4,339,947 $ - $ 868,632 $ 6,986 $ 62,346,441 $ 15,182,868 Cash Held by Trustee - 13,977,457 - - 24,497,331 - Accounts Receivable - - 1,306 - 74,461 17,714 Due from Other Governments - - - - - - Inventory - - - - - - Prepaid and Other Assets - - - - 75,000 - Total Assets $ 4,339,947 $ 13,977,457 $ 869,938 $ 6,986 $ 86,993,233 $ 15,200,582 LIABILITIES,DEFERRED INFLOWS OF RESOURCES&FUND BALANCES LIABILITIES Accounts Payable $ 24,412 $ - $ 195,907 $ - $ 1,100,496 $ - Due to Other Governments - - - - - - Due to Other Funds - - - - - - DEFERRED INFLOWS OF RESOURCES Unavailable Revenue - - - - - - Total Liabilities&Deferred Inflows of Resources 24,412 - 195,907 - 1,100,496 - FUND BALANCES Nonspendable - - - - - 14,967,099 Restricted - 13,977,457 674,031 6,986 72,617,338 233,483 Assigned 4,315,535 - - - 22,910,237 - Unassigned - - - - (9,634,838) - Total Fund Balances 4,315,535 13,977,457 674,031 6,986 85,892,737 15,200,582 Total Liabilities,Deferred Inflows of $ 4,339,947 $ 13,977,457 $ 869,938 $ 6,986 $ 86,993,233 $ 15,200,582 Resources&Fund Balances V-9 Continued 1611 A6 South Florida Water Management District Combining Balance Sheet Page 6 of 6 Nonmajor Governmental Funds September 30,2014 Total Nonmajor Governmental Funds ASSETS Cash and Investments $ 171,506,330 Cash Held by Trustee 24,497,331 Accounts Receivable 317,975 Due from Other Governments 1,872,373 Inventory 148,322 Prepaid and Other Assets 817,623 Total Assets $ 199,159,954 LIABILITIES,DEFERRED INFLOWS OF RESOURCES&FUND BALANCES LIABILITIES Accounts Payable $ 4,311,079 Due to Other Governments 600,000 Due to Other Funds 406,530 DEFERRED INFLOWS OF RESOURCES Unavailable Revenue 1,127,844 Total Liabilities&Deferred Inflows of Resources 6,445,453 FUND BALANCES Nonspendable 15,115,421 Restricted 164,612,246 Assigned 22,923,057 Unassigned (9,936,223) Total Fund Balances 192,714,501 Total Liabilities,Deferred Inflows of Resources&Fund Balances $ 199,159,954 V-10 Concluded 1b11 A6 South Florida Water Management District Page 1 of 6 Combining Statement of Revenues,Expenditures and Changes in Fund Balances Nonmajor Governmental Funds September 30,2014 Special Revenue Funds Invasive Upland Big Cypress State Aquatic Plant Invasive Plant Wetland Basin Save Our Rivers Appropriations Control Control Mitigation REVENUES Ad Valorem Property Taxes $ 9,339,360 $ - $ - $ - $ - - Intergovernmental - 7,042,242 - 2,786,921 3,043,253 - Investment Earnings(Losses) 129,441 - - - - 255,202 Licenses,Permits and Fees 15,475 - - - - 2,328,276 Sale of District Property 9,947 5,503 - - - - Leases 26,720 684,307 - - - Other 13,312 2,179 - 4,552 5,865 2,502 Total Revenues 9,534,255 7,734,231 - 2,791,473 3,049,118 2,585,980 EXPENDITURES Current Operating Land Stewardship 142,702 710,620 - - 3,049,118 1,365,889 Mission Support 170,540 - - - - - Operations and Maintenance 2,954,299 127,576 - 2,686,174 - 9,900 Regulation 3,927 - - - - 59,962 Restoration 3,298,073 174,575 1,507,980 - - 106,923 Water Supply 956,111 - - - - - Capital Outlay _ - - - - - Debt Service Bond Principal Retirement - 6,120,000 - - - - Bond Interest - 768,598 - - - - COPS Bond Principal Retirement - COPS Bond Interest - - - Total Expenditures 7,525,652 7,901,369 1,507,980 2,686,174 3,049,118 1,542,674 Revenues in Excess of(Less than)Expenditures 2,008,603 (167,138) (1,507,980) 105,299 - 1,043,306 OTHER FINANCING SOURCES(USES) Transfers In - 152,570 - - - - Transfers Out (2,278,657) - - - (4,204,029) Total Other Financing Sources(Uses) (2,278,657) 152,570 - - - (4,204,029) Net Change in Fund Balances (270,054) (14,568) (1,507,980) 105,299 - (3,160,723) Fund Balances(Deficits)at Beginning of Year 10,595,659 6,742,584 3,482,763 (73,179) - 22,521,766 Fund Balances(Deficits)at End of Year $ 10,325,605 $ 6,728,016 $ 1,974,783 $ 32,120 $ - $ 19,361,043 V-11 Continued 1611 A 6 r1 South Florida Water Management District Page 2 of 6 Combining Statement of Revenues,Expenditures and Changes in Fund Balances Nonmajor Governmental Funds September 30,2014 Special Revenue Funds (Continued) Indian River Lagoon Federal Land Lake Belt Everglades Lake Restoration Management External Grants Mitigation License Plate Okeechobee REVENUES Ad Valorem Property Taxes $ - $ - $ - $ - $ - $ - Intergovernmental 91,871 - 573,652 - 221,256 - Investment Earnings(Losses) 3,022 2,812 - 368,812 5,498 - Licenses,Permits and Fees - - - 19,479,675 - - Sale of District Property - - - - - - Leases - 1,883,223 - - - - Other - - - 9 - - Total Revenues 94,893 1,886,035 573,652 19,848,496 226,754 - EXPENDITURES Current Operating Land Stewardship - 472,694 - 929,650 - - Mission Support - _ - - - - Operations and Maintenance - - 450,000 - - - Regulation - _ - - - - Restoration - - 298,713 - 246,461 1,323,237 Water Supply - - - - - - Capital Outlay - - - - - - Debt Service Bond Principal Retirement - - - - - - Bond Interest - - - - - - COPS Bond Principal Retirement - - - - - - COPS Bond Interest - - - - - - Total Expenditures - 472,694 748,713 929,650 246,461 1,323,237 Revenues in Excess of(Less than)Expenditures 94,893 1,413,341 (175,061) 18,918,846 (19,707) (1,323,237) OTHER FINANCING SOURCES(USES) Transfers In - 248,526 - 233,531 - 1,652 Transfers Out - - - (1,463,966) - - Total Other Financing Sources(Uses) - 248,526 - (1,230,435) - 1,652 Net Change in Fund Balances 94,893 1,661,867 (175,061) 17,688,411 (19,707) (1,321,585) Fund Balances(Deficits)at Beginning of Year 191,630 1,845,383 13,500 26,113,764 497,511 3,571,638 Fund Balances(Deficits)at End of Year $ 286,523 $ 3,507,250 ($ 161,561) $ 43,802,175 $ 477,804 $ 2,250,053 V-12 1611 A 6 1 South Florida Water Management District Page 3 of 6 Combining Statement of Revenues,Expenditures and Changes in Fund Balances Nonmajor Governmental Funds September 30,2014 Special Revenue Funds(Concluded) Capital Projects Funds Federal Emergency Save Our Management Big Cypress Everglades Agency Florida Bay Total District Basin REVENUES Ad Valorem Property Taxes $ - $ - $ - $ 9,339,360 $ - $ - Intergovernmental 10,845,294 3,290 39,423 24,647,202 88,971 - Investment Earnings(Losses) 4,378 - 3,861 773,026 71,068 96,236 Licenses,Permits and Fees - - - 21,823,426 - - Sale of District Property - - - 15,450 74 - Leases 723,889 - - 3,318,139 - - Other - - - 28,419 97,813 - Total Revenues 11,573,561 3,290 43,284 59,945,022 257,926 96,236 EXPENDITURES Current Operating Land Stewardship 909,238 - - 7,579,911 - - Mission Support - - - 170,540 - - Operations and Maintenance - - - 6,227,949 - - Regulation - - - 63,889 - - Restoration 11,799,405 3,290 1,616,987 20,375,644 - - Water Supply - - - 956,111 - - Capital Outlay - - - - 9,452,366 967,751 Debt Service Bond Principal Retirement - - - 6,120,000 - - Bond Interest - - - 768,598 - - COPS Bond Principal Retirement - - - - 4,943,488 - COPS Bond Interest - - _ 10,783,527 - Total Expenditures 12,708,643 3,290 1,616,987 42,262,642 25,179,381 967,751 Revenues in Excess of(Less than)Expenditures (1,135,082) - (1,573,703) 17,682,380 (24,921,455) (871,515) OTHER FINANCING SOURCES(USES) Transfers In - - 2,200,000 2,836,279 37,756,788 2,278,657 Transfers Out - - (432,583) (8,379,235) (2,299,149) - Total Other Financing Sources(Uses) - - 1,767,417 (5,542,956) 35,457,639 2,278,657 Net Change in Fund Balances (1,135,082) - 193,714 12,139,424 10,536,184 1,407,142 Fund Balances(Deficits)at Begining of Year 3,212,603 12,820 753,316 79,481,758 14,170,793 8,821,983 Fund Balances(Deficits)at End of Year $ 2,077,521 $ 12,820 $ 947,030 $ 91,621,182 $ 24,706,977 $ 10,229,125 V-13 Continued 1 611A6 South Florida Water Management District Page 4 of 6 Combining Statement of Revenues,Expenditures and Changes in Fund Balances Nonmajor Governmental Funds September 30,2014 Capital Projects Funds (Continued) Federal Comprehensive Emergency Everglades Federal Save Our Managment Wetland Restoration Land Rivers Agency Florida Bay Mitigation Plan(CERP) Acquisition REVENUES Ad Valorem Property Taxes $ - $ - $ - $ - $ - $ - Intergovernmental _ _ _ _ - Investment Earnings(Losses) 131,883 - 23,103 94,080 - - Licenses,Permits and Fees - - _ - _ - Sale of District Property - 19 - 34 - Leases - _ - - _ - Other 33,133 - - - - - Total Revenues 165,016 19 23,103 94,080 34 - EXPENDITURES Current Operating Land Stewardship - - - - - - Mission Support - - - - - - Operations and Maintenance - - - - - - Regulation - _ - - - - Restoration - - - _ - - Water Supply - - - - - - Capital Outlay 1,172 - 27,653 29,787 577,781 - Debt Service Bond Principal Retirement - - - - - - Bond Interest - - - COPS Bond Principal Retirement - - - - - - COPS Bond Interest - - - Total Expenditures 1,172 - 27,653 29,787 577,781 - Revenues in Excess of(Less than)Expenditures 163,844 19 (4,550) 64,293 (577,747) - OTHER FINANCING SOURCES(USES) Transfers In - - 432,583 383,680 832,428 - Transfers Out (152,570) - - (22,869,679) (411,682) Total Other Financing Sources(Uses) (152,570) - 432,583 383,680 (22,037,251) (411,682) Net Change in Fund Balances 11,274 19 428,033 447,973 (22,614,998) (411,682) Fund Balances(Deficits)at Beginning of Year 12,052,779 114,898 2,093,111 8,609,141 26,907,681 4,344,397 Fund Balances(Deficits)at End of Year $ 12,064,053 $ 114,917 $ 2,521,144 $ 9,057,114 $ 4,292,683 $ 3,932,715 V-14 1611 A6 Fl South Florida Water Management District Page 5 of 6 Combining Statement of Revenues,Expenditures and Changes in Fund Balances Nonmajor Governmental Funds September 30,2014 Capital Projects Funds (Concluded) Permanent Fund Comprehensive COPS Everglades Comprehensive Restoration Plan Everglades Lake Belt Lake Wetland Other Creditable Restoration Plan Mitigation Okeechobee Total Mitigation REVENUES Ad Valorem Property Taxes $ - $ - $ - $ - $ - $ - Intergovernmental - - - - 88,971 96,430 Investment Earnings(Losses) - 81,597 11,573 - 509,540 154,535 Licenses,Permits and Fees - - - - - 12,690 Sale of District Property - - - - 127 - Leases - - - - - - Other - 1,140,181 - 1,271,127 - Total Revenues - 1,221,778 11,573 - 1,869,765 263,655 EXPENDITURES Current Operating Land Stewardship - - _ - - - Mission Support - - - - - - Operations and Maintenance - - - Regulation - - - - - - Restoration - 100,000 - Water Supply - 100,000 - Capital Outlay 137,614 - 928,851 24,487 12,147,462 - Debt Service Bond Principal Retirement - - - - _ - Bond Interest - - - - - COPS Bond Principal Retirement - - - - 4,943,488 - COPS Bond Interest - - - 10,783,527 - Total Expenditures 137,614 100,000 928,851 24,487 27,974,477 - Revenues in Excess of(Less than)Expenditures (137,614) 1,121,778 (917,278) (24,487) (26,104,712) 263,655 OTHER FINANCING SOURCES(USES) Transfers In 3,000,000 100,000 1,463,966 - 46,248,102 820,349 Transfers Out (191,783) (15,928,773) (233,531) (1,652) (42,088,819) Total Other Financing Sources(Uses) 2,808,217 (15,828,773) 1,230,435 (1,652) 4,159,283 820,349 Net Change in Fund Balances 2,670,603 (14,706,995) 313,157 (26,139) (21,945,429) 1,084,004 Fund Balances(Deficits)at Beginning of Year 1,644,932 28,684,452 360,874 33,125 107,838,166 14,116,578 Fund Balances(Deficits)at End of Year $ 4,315,535 $ 13,977,457 $ 674,031 $ 6,986 $ 85,892,737 $ 15,200,582 V-15 Continued iôIiA6 South Florida Water Management District Page 6 of 6 Combining Statement of Revenues,Expenditures and Changes in Fund Balances Nonmajor Governmental Funds September 30,2014 Total Nonmajor Governmental Funds REVENUES Ad Valorem Property Taxes $ 9,339,360 Intergovernmental 24,832,603 Investment Earnings(Losses) 1,437,101 Licenses,Permits and Fees 21,836,116 Sale of District Property 15,577 Leases 3,318,139 Other 1,299,546 Total Revenues 62,078,442 EXPENDITURES Current Operating Land Stewardship 7,579,911 Mission Support 170,540 Operations and Maintenance 6,227,949 Regulation 63,889 Restoration 20,475,644 Water Supply 956,111 Capital Outlay 12,147,462 Debt Service Bond Principal Retirement 6,120,000 Bond Interest 768,598 COPS Bond Principal Retirement 4,943,488 COPS Bond Interest 10,783,527 Total Expenditures 70,237,119 Revenues in Excess of(Less than)Expenditures (8,158,677) OTHER FINANCING SOURCES(USES) Transfers In 49,904,730 Transfers Out (50,468,054) Total Other Financing Sources(Uses) (563,324) Net Change in Fund Balances (8,722,001) Fund Balances(Deficits)at Beginning of Year 201,436,502 Fund Balances(Deficits)at End of Year $ 192,714,501 V-16 Concluded 1611 A6 taxi% ""c - sl. ---- gilk s g --"qt ' 4_ 1:,-.1.-..a reit''.4:).. _J' 7 This Page has been Intentionally Left Blank V-1 7 South Florida Water Managment District 6 I 1 A 6 g ct Special Revenue Fund Big Cypress Basin Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Ad Valorem Property Taxes $ 9,251,574 $ 9,339,360 $ 87,786 Investment Earnings(Losses) 120,000 129,441 9,441 Licenses, Permits and Fees 8,000 15,475 7,475 Sale of District Property - 9,947 9,947 Leases - 26,720 26,720 Other 1,500 13,312 11,812 Total Revenues 9,381,074 9,534,255 153,181 EXPENDITURES Operations, Maintenance, and Construction Land Stewardship 159,000 142,702 16,298 Operations and Maintenance 3,019,735 2,731,150 288,585 Restoration 494,473 464,344 30,129 Total Operations, Maintenance,and Construction 3,673,208 3,338,196 335,012 Water Resources Operations and Maintenance 685 685 - Restoration 273,380 175,128 98,252 Total Water Resources 274,065 175,813 98,252 Contingency Managerial Reserve 133,369 - 133,369 Managerial Reserve-Contingency 760,401 - 760,401 Total Contingency 893,770 - 893,770 Adminstrative Services and Executive Offices Mission Support 379,669 170,540 209,129 Operations and Maintenance 155,756 222,464 (66,708) Regulation 3,928 3,928 - Restoration 4,240,149 2,658,600 1,581,549 Water Supply 3,054,511 956,111 2,098,400 7,834,013 4,011,643 3,822,370 Total Expenditures 12,675,056 7,525,652 5,149,404 Revenues in Excess of(Less than)Expenditures (3,293,982) 2,008,603 5,302,585 OTHER FINANCING SOURCES(USES) Transfers Out (2,278,657) (2,278,657) - Total Other Financing Sources(Uses) (2,278,657) (2,278,657) - Net Change in Fund Balance (5,572,639) (270,054) 5,302,585 Fund Balance at Beginning of Year 10,595,659 10,595,659 - Fund Balance at End of Year $ 5,023,020 $ 10,325,605 $ 5,302,585 V-18 1611 A 6 South Florida Water Managment District Special Revenue Fund Save Our Rivers Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ 10,903,598 $ 7,042,242 ($ 3,861,356) Sale of District Property - 5,503 5,503 Leases 777,589 684,307 (93,282) Other - 2,179 2,179 Total Revenues 11,681,187 7,734,231 (3,946,956) EXPENDITURES Operations, Maintenance, and Construction Land Stewardship 719,883 710,620 9,263 Operations and Maintenance 138,166 127,576 10,590 Restoration 179,605 174,575 5,030 Total Operations, Maintenance, and Construction 1,037,654 1,012,771 24,883 Debt Service Bond Principal Retirement 6,120,000 6,120,000 - Bond Interest 768,598 768,598 - Total Debt Service 6,888,598 6,888,598 - Contingency Managerial Reserve 3,967,178 - 3,967,178 Total Contingency 3,967,178 - 3,967,178 Total Expenditures 11,893,430 7,901,369 3,992,061 Revenues in Excess of(Less than)Expenditures (212,243) (167,138) 45,105 OTHER FINANCING SOURCES(USES) Transfers In 152,570 152,570 - Total Other Financing Sources(Uses) 152,570 152,570 - Net Change in Fund Balance (59,673) (14,568) 45,105 Fund Balance at Beginning of Year 6,742,584 6,742,584 - Fund Balance at End of Year $ 6,682,911 $ 6,728,016 $ 45,105 V-19 1611 A6 South Florida Water Managment District Special Revenue Fund Invasive Aquatic Plant Control Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ 2,999,353 $ 2,786,921 ($ 212,432) Other - 4,552 4,552 Total Revenues 2,999,353 2,791,473 (207,880) EXPENDITURES Operations, Maintenance, and Construction Operations and Maintenance 3,033,887 2,686,174 347,713 Total Operations, Maintenance, and Construction 3,033,887 2,686,174 347,713 Total Expenditures 3,033,887 2,686,174 347,713 Revenues in Excess of(Less than)Expenditures (34,534) 105,299 139,833 Net Change in Fund Balance (34,534) 105,299 139,833 Fund Balance at Beginning of Year (73,179) (73,179) - Fund Balance at End of Year ($ 107,713) $ 32,120 $ 139,833 V-21 16111 A 6 South Florida Water Managment District Special Revenue Fund Upland Invasive Plant Control Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ 3,050,000 $ 3,043,253 ($ 6,747) Other - 5,865 5,865 Total Revenues 3,050,000 3,049,118 (882) EXPENDITURES Operations, Maintenance, and Construction Land Stewardship 3,050,000 3,049,118 882 Total Operations, Maintenance, and Construction 3,050,000 3,049,118 882 Total Expenditures 3,050,000 3,049,118 882 Revenues in Excess of(Less than)Expenditures - - - Net Change in Fund Balance - - - Fund Balance at Beginning of Year - - - Fund Balance at End of Year V-22 1611 A 6 0 South Florida Water Managment District Special Revenue Fund Wetland Mitigation Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 255,202 $ 255,202 Licenses, Permits and Fees - 2,328,276 2,328,276 Other - 2,502 2,502 Total Revenues - 2,585,980 2,585,980 EXPENDITURES Operations, Maintenance, and Construction Land Stewardship 1,647,879 1,365,889 281,990 Operations and Maintenance 10,000 9,900 100 Restoration 110,000 105,757 4,243 Total Operations, Maintenance,and Construction 1,767,879 1,481,546 286,333 Regulation Regulation 80,773 59,962 20,811 Total Regulation 80,773 59,962 20,811 Contingency Managerial Reserve 195,760 - 195,760 Total Contingency 195,760 - 195,760 Adminstrative Services and Executive Offices Restoration 10,879 1,166 9,713 10,879 1,166 9,713 Total Expenditures 2,055,291 1,542,674 512,617 Revenues in Excess of(Less than)Expenditures (2,055,291) 1,043,306 3,098,597 OTHER FINANCING SOURCES(USES) Transfers Out (4,204,029) (4,204,029) - Total Other Financing Sources(Uses) (4,204,029) (4,204,029) - Net Change in Fund Balance (6,259,320) (3,160,723) 3,098,597 Fund Balance at Beginning of Year 22,521,766 22,521,766 - Fund Balance at End of Year $ 16,262,446 $ 19,361,043 $ 3,098,597 V-23 16I16 South Florida Water Managment District Special Revenue Fund Indian River Lagoon Restoration Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ 95,000 $ 91,871 ($ 3,129) Investment Earnings(Losses) - 3,022 3,022 Total Revenues 95,000 94,893 (107) EXPENDITURES Adminstrative Services and Executive Offices Restoration 125,564 - 125,564 125,564 - 125,564 Total Expenditures 125,564 - 125,564 Revenues in Excess of(Less than)Expenditures (30,564) 94,893 125,457 Net Change in Fund Balance (30,564) 94,893 125,457 Fund Balance at Beginning of Year 191,630 191,630 - Fund Balance at End of Year $ 161,066 $ 286,523 $ 125,457 V-24 1611 A6 South Florida Water Managment District Special Revenue Fund Federal Land Management Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 2,812 $ 2,812 Leases 358,474 1,883,223 1,524,749 Total Revenues 358,474 1,886,035 1,527,561 EXPENDITURES Operations, Maintenance, and Construction Land Stewardship 636,047 472,694 163,353 Total Operations, Maintenance, and Construction 636,047 472,694 163,353 Total Expenditures 636,047 472,694 163,353 Revenues in Excess of(Less than)Expenditures (277,573) 1,413,341 1,690,914 OTHER FINANCING SOURCES(USES) Transfers In 248,526 248,526 - Total Other Financing Sources(Uses) 248,526 248,526 - Net Change in Fund Balance (29,047) 1,661,867 1,690,914 Fund Balance at Beginning of Year 1,845,383 1,845,383 - Fund Balance at End of Year $ 1,816,336 $ 3,507,250 $ 1,690,914 V-25 1611A6 South Florida Water Managment District Special Revenue Fund External Grants Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ 987,530 $ 573,652 ($ 413,878) Total Revenues 987,530 573,652 (413,878) EXPENDITURES Operations, Maintenance,and Construction Operations and Maintenance 450,000 450,000 - Restoration 85,758 73,652 12,106 Total Operations, Maintenance, and Construction 535,758 523,652 12,106 Water Resources Restoration 75,000 30,000 45,000 Total Water Resources 75,000 30,000 45,000 Adminstrative Services and Executive Offices Restoration 496,030 195,061 300,969 496,030 195,061 300,969 Total Expenditures 1,106,788 748,713 358,075 Revenues in Excess of(Less than)Expenditures (119,258) (175,061) (55,803) Net Change in Fund Balance (119,258) (175,061) (55,803) Fund Balance at Beginning of Year 13,500 13,500 - Fund Balance at End of Year ($ 105,758) ($ 161,561) ($ 55,803) V-26 16I1 A6 South Florida Water Managment District Special Revenue Fund Lake Belt Mitigation Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 368,812 $ 368,812 Licenses, Permits and Fees 1,801,117 19,479,675 17,678,558 Other - 9 9 Total Revenues 1,801,117 19,848,496 18,047,379 EXPENDITURES Operations, Maintenance, and Construction Land Stewardship 1,951,251 897,220 1,054,031 Total Operations, Maintenance,and Construction 1,951,251 897,220 1,054,031 Contingency Managerial Reserve 2,689,000 - 2,689,000 Total Contingency 2,689,000 - 2,689,000 Adminstrative Services and Executive Offices Land Stewardship 33,707 32,430 1,277 33,707 32,430 1,277 Total Expenditures 4,673,958 929,650 3,744,308 Revenues in Excess of(Less than)Expenditures (2,872,841) s 18,918,846 21,791,687 OTHER FINANCING SOURCES(USES) Transfers In 233,531 233,531 - Transfers Out (1,463,966) (1,463,966) - Total Other Financing Sources(Uses) (1,230,435) (1,230,435) - Net Change in Fund Balance (4,103,276) 17,688,411 21,791,687 Fund Balance at Beginning of Year 26,113,764 26,113,764 - Fund Balance at End of Year $ 22,010,488 $ 43,802,175 $ 21,791,687 V-27 A6 1611 South Florida Water Managment District Special Revenue Fund Everglades License Plate Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ 145,000 $ 221,256 $ 76,256 Investment Earnings(Losses) - 5,498 5,498 Total Revenues 145,000 226,754 81,754 EXPENDITURES Water Resources Restoration 271,463 246,461 25,002 Total Water Resources 271,463 246,461 25,002 Total Expenditures 271,463 246,461 25,002 Revenues in Excess of(Less than)Expenditures (126,463) (19,707) 106,756 Net Change in Fund Balance (126,463) (19,707) 106,756 Fund Balance at Beginning of Year 497,511 497,511 - Fund Balance at End of Year $ 371,048 $ 477,804 $ 106,756 V-28 1611 A 6 South Florida Water Managment District Special Revenue Fund Lake Okeechobee Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) EXPENDITURES Operations, Maintenance, and Construction Restoration $ 14,001 $ 13,130 $ 871 Total Operations, Maintenance,and Construction 14,001 13,130 871 Water Resources Restoration 12,987 12,987 - Total Water Resources 12,987 12,987 - Contingency Managerial Reserve 739,138 - 739,138 Total Contingency 739,138 - 739,138 Adminstrative Services and Executive Offices Restoration 2,786,306 1,297,120 1,489,186 2,786,306 1,297,120 1,489,186 Total Expenditures 3,552,432 1,323,237 2,229,195 Revenues in Excess of(Less than)Expenditures (3,552,432) (1,323,237) 2,229,195 OTHER FINANCING SOURCES(USES) Transfers In 1,652 1,652 - Total Other Financing Sources(Uses) 1,652 1,652 - Net Change in Fund Balance (3,550,780) (1,321,585) 2,229,195 Fund Balance at Beginning of Year 3,571,638 3,571,638 - Fund Balance at End of Year $ 20,858 $ 2,250,053 $ 2,229,195 V-29 16I1 A6 South Florida Water Managment District Special Revenue Fund Save Our Everglades Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ 8,388,724 $ 10,845,294 $ 2,456,570 Investment Earnings(Losses) - 4,378 4,378 Leases 479,413 723,889 244,476 Total Revenues 8,868,137 11,573,561 2,705,424 EXPENDITURES Operations, Maintenance,and Construction Land Stewardship 943,626 909,238 34,388 Restoration 10,100,639 8,211,014 1,889,625 Total Operations, Maintenance,and Construction 11,044,265 9,120,252 1,924,013 Contingency Managerial Reserve 4,383,509 - 4,383,509 Total Contingency 4,383,509 - 4,383,509 Adminstrative Services and Executive Offices Restoration 3,865,736 3,588,391 277,345 3,865,736 3,588,391 277,345 Total Expenditures 19,293,510 12,708,643 6,584,867 Revenues in Excess of(Less than)Expenditures (10,425,373) (1,135,082) 9,290,291 Net Change in Fund Balance (10,425,373) (1,135,082) 9,290,291 Fund Balance at Beginning of Year 3,212,603 3,212,603 - Fund Balance at End of Year ($ 7,212,770) $ 2,077,521 $ 9,290,291 V-30 A 6 , South Florida Water Managment 1611 cl to a agment District Special Revenue Fund Federal Emergency Management Agency Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ - $ 3,290 $ 3,290 Total Revenues - 3,290 3,290 EXPENDITURES Adminstrative Services and Executive Offices Restoration 4,250 3,290 960 4,250 3,290 960 Total Expenditures 4,250 3,290 960 Revenues in Excess of(Less than)Expenditures (4,250) - 4,250 Net Change in Fund Balance (4,250) - 4,250 Fund Balance at Beginning of Year 12,820 12,820 - Fund Balance at End of Year $ 8,570 $ 12,820 $ 4,250 V-31 1611 0 South Florida Water Managment District A 6 Special Revenue Fund Florida Bay Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ - $ 39,423 $ 39,423 Investment Earnings(Losses) - 3,861 3,861 Total Revenues - 43,284 43,284 EXPENDITURES Water Resources Restoration 1,930,920 1,609,317 321,603 Total Water Resources 1,930,920 1,609,317 321,603 Contingency Managerial Reserve 7,276 - 7,276 Total Contingency 7,276 - 7,276 Adminstrative Services and Executive Offices Restoration 23,873 7,670 16,203 23,873 7,670 16,203 Total Expenditures 1,962,069 1,616,987 345,082 Revenues in Excess of(Less than)Expenditures (1,962,069) (1,573,703) 388,366 OTHER FINANCING SOURCES(USES) Transfers In 2,200,000 2,200,000 - Transfers Out (432,583) (432,583) - Total Other Financing Sources(Uses) 1,767,417 1,767,417 - Net Change in Fund Balance (194,652) 193,714 388,366 Fund Balance at Beginning of Year 753,316 753,316 - Fund Balance at End of Year $ 558,664 $ 947,030 $ 388,366 V-32 1611 A6 South Florida Water Managment District Capital Projects Fund District Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ - $ 88,971 $ 88,971 Investment Earnings(Losses) - 71,068 71,068 Sale of District Property - 74 74 Other - 97,813 97,813 Total Revenues - 257,926 257,926 EXPENDITURES Operations, Maintenance, and Construction Mission Support 1,027,297 1,020,833 6,464 Operations and Maintenance 1,828,767 1,027,027 801,740 Restoration 10,503,062 5,566,638 4,936,424 Total Operations, Maintenance,and Construction 13,359,126 7,614,498 5,744,628 Water Resources Modeling and Scientific Support 141,255 140,229 1,026 Restoration 170,146 170,146 - Water Supply 2,830 2,830 - Total Water Resources 314,231 313,205 1,026 Debt Service COPS Bond Principal Retirement 4,943,489 4,943,488 1 COPS Bond Interest 10,783,527 10,783,527 - Total Debt Service 15,727,016 15,727,015 1 Contingency Managerial Reserve 15,624,166 - 15,624,166 Total Contingency 15,624,166 - 15,624,166 Adminstrative Services and Executive Offices Mission Support 616,800 534,999 81,801 Operations and Maintenance 548,551 548,551 - Regulation 378,999 328,999 50,000 Restoration 115,364 112,114 3,250 1,659,714 1,524,663 135,051 Total Expenditures 46,684,253 25,179,381 21,504,872 Revenues in Excess of(Less than)Expenditures (46,684,253) (24,921,455) 21,762,798 OTHER FINANCING SOURCES(USES) Transfers In 37,756,788 37,756,788 - Transfers Out (2,299,149) (2,299,149) - Total Other Financing Sources(Uses) 35,457,639 35,457,639 - Net Change in Fund Balance (11,226,614) 10,536,184 21,762,798 Fund Balance at Beginning of Year 14,170,793 14,170,793 - Fund Balance at End of Year $ 2,944,179 $ 24,706,977 $ 21,762,798 V-33 1 A6 1 9 South Florida Water Managment District loll Capital Projects Fund Okeechobee Basin Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 134,231 $ 134,231 Other - 15 15 Total Revenues - 134,246 134,246 EXPENDITURES Operations, Maintenance, and Construction Land Stewardship 125,450 123,673 1,777 Operations and Maintenance 30,200,515 26,619,112 3,581,403 Restoration 11,097,731 2,202,948 8,894,783 Total Operations, Maintenance, and Construction 41,423,696 28,945,733 12,477,963 Water Resources Restoration 301,930 301,930 - Water Supply 35,025 35,025 - Total Water Resources 336,955 336,955 - Contingency Managerial Reserve 4,060,629 - 4,060,629 Total Contingency 4,060,629 - 4,060,629 Adminstrative Services and Executive Offices Restoration 1,442,224 1,196,645 245,579 1,442,224 1,196,645 245,579 Total Expenditures 47,263,504 30,479,333 16,784,171 Revenues in Excess of(Less than)Expenditures (47,263,504) (30,345,087) 16,918,417 OTHER FINANCING SOURCES(USES) Transfers In 28,613,627 28,613,627 - Transfers Out (10,704) (10,704) - Total Other Financing Sources(Uses) 28,602,923 28,602,923 - Net Change in Fund Balance (18,660,581) (1,742,164) 16,918,417 Fund Balance at Beginning of Year 18,594,913 18,594,913 - Fund Balance at End of Year ($ 65,668) $ 16,852,749 $ 16,918,417 V-34 1611 A6 01. South Florida Water Managment District Capital Projects Fund Big Cypress Basin Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 96,236 $ 96,236 Total Revenues - 96,236 96,236 EXPENDITURES Operations, Maintenance, and Construction Operations and Maintenance 1,116,352 659,735 456,617 Restoration 555,509 241,350 314,159 Total Operations, Maintenance, and Construction 1,671,861 901,085 770,776 Contingency Managerial Reserve 1,000,000 - 1,000,000 Total Contingency 1,000,000 - 1,000,000 Adminstrative Services and Executive Offices Restoration 66,667 66,666 1 66,667 66,666 1 Total Expenditures 2,738,528 967,751 1,770,777 Revenues in Excess of(Less than)Expenditures (2,738,528) (871,515) 1,867,013 OTHER FINANCING SOURCES(USES) Transfers In 2,278,657 2,278,657 - Total Other Financing Sources(Uses) 2,278,657 2,278,657 - Net Change in Fund Balance (459,871) 1,407,142 1,867,013 Fund Balance at Beginning of Year 8,821,983 8,821,983 - Fund Balance at End of Year $ 8,362,112 $ 10,229,125 $ 1,867,013 V-35 1611 A6 South Florida Water Managment District Capital Projects Fund Save Our Rivers Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 131,883 $ 131,883 Other - 33,133 33,133 Total Revenues - 165,016 165,016 EXPENDITURES Operations, Maintenance, and Construction Restoration 9,675,447 1,172 9,674,275 Total Operations, Maintenance,and Construction 9,675,447 1,172 9,674,275 Total Expenditures 9,675,447 1,172 9,674,275 Revenues in Excess of(Less than)Expenditures (9,675,447) 163,844 9,839,291 OTHER FINANCING SOURCES(USES) Transfers Out (152,570) (152,570) - Total Other Financing Sources(Uses) (152,570) (152,570) - Net Change in Fund Balance (9,828,017) 11,274 9,839,291 Fund Balance at Beginning of Year 12,052,779 12,052,779 - Fund Balance at End of Year $ 2,224,762 $ 12,064,053 $ 9,839,291 V-36 1611A6 South Florida Water Managment District Capital Projects Fund Everglades Trust Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Ad Valorem Property Taxes $ - $ - $ - Intergovernmental - 150,000 150,000 Investment Earnings(Losses) - 917,627 917,627 Sale of District Property - 310 310 Total Revenues - 1,067,937 1,067,937 EXPENDITURES Operations, Maintenance, and Construction Restoration 4,918,973 4,215,445 703,528 Total Operations, Maintenance,and Construction 4,918,973 4,215,445 703,528 Water Resources Restoration 120,657 115,623 5,034 Total Water Resources 120,657 115,623 5,034 Debt Service COPS Bond Principal Retirement 6,116,512 6,116,512 - COPS Bond Interest 13,342,313 13,342,313 - Total Debt Service 19,458,825 19,458,825 - Contingency Managerial Reserve 6,104,319 - 6,104,319 Total Contingency 6,104,319 - 6,104,319 Adminstrative Services and Executive Offices Restoration 19,427 - 19,427 19,427 - 19,427 Total Expenditures 30,622,201 23,789,893 6,832,308 Revenues in Excess of(Less than)Expenditures (30,622,201) (22,721,956) 7,900,245 OTHER FINANCING SOURCES(USES) Transfers In 21,856,958 21,856,958 - Transfers Out (1,138,000) (1,138,000) - Total Other Financing Sources(Uses) 20,718,958 20,718,958 - Net Change in Fund Balance (9,903,243) (2,002,998) 7,900,245 Fund Balance at Beginning of Year 98,766,483 98,766,483 - Fund Balance at End of Year $ 88,863,240 $ 96,763,485 $ 7,900,245 V-37 1611 A6 0 South Florida Water Managment District Capital Projects Fund Federal Emergency Management Agency Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Sale of District Property $ - $ 19 $ 19 Total Revenues - 19 19 EXPENDITURES Revenues in Excess of(Less than)Expenditures - 19 19 Net Change in Fund Balance - 19 19 Fund Balance at Beginning of Year 114,898 114,898 - Fund Balance at End of Year $ 114,898 $ 114,917 $ 19 V-38 1611 A 6 South Florida Water Managment District Capital Projects Fund Florida Bay Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 23,103 $ 23,103 Total Revenues - 23,103 23,103 EXPENDITURES Water Resources Restoration 27,782 27,653 129 Total Water Resources 27,782 27,653 129 Contingency Managerial Reserve 1,500,000 - 1,500,000 Total Contingency 1,500,000 - 1,500,000 Total Expenditures 1,527,782 27,653 1,500,129 Revenues in Excess of(Less than)Expenditures (1,527,782) (4,550) 1,523,232 OTHER FINANCING SOURCES(USES) Transfers In 432,583 432,583 - Total Other Financing Sources(Uses) 432,583 432,583 - Net Change in Fund Balance (1,095,199) 428,033 1,523,232 Fund Balance at Beginning of Year 2,093,111 2,093,111 - Fund Balance at End of Year $ 997,912 $ 2,521,144 $ 1,523,232 V-39 1611 A6 South Florida Water Managment District Capital Projects Fund Wetland Mitigation Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 94,080 $ 94,080 Total Revenues - 94,080 94,080 EXPENDITURES Operations, Maintenance, and Construction Land Stewardship 29,037 29,037 - Restoration 25,754 750 25,004 Total Operations, Maintenance, and Construction 54,791 29,787 25,004 Contingency Managerial Reserve 3,471,180 - 3,471,180 Total Contingency 3,471,180 - 3,471,180 Total Expenditures 3,525,971 29,787 3,496,184 Revenues in Excess of(Less than)Expenditures (3,525,971) 64,293 3,590,264 OTHER FINANCING SOURCES(USES) Transfers In 383,680 383,680 - Total Other Financing Sources(Uses) 383,680 383,680 - Net Change in Fund Balance (3,142,291) 477,973 3,590,264 Fund Balance at Beginning of Year 8,609,141 8,609,141 - Fund Balance at End of Year $ 5,466,850 $ 9,087,114 $ 3,590,264 • V-40 1611 A6 _. 4 South Florida Water Managment District Capital Projects Fund Comprehensive Everglades Restoration Plan(CERP) Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Sale of District Property $ - $ 34 $ 34 Total Revenues - 34 34 EXPENDITURES Operations, Maintenance, and Construction Restoration 3,750,603 577,781 3,172,822 Total Operations, Maintenance,and Construction 3,750,603 577,781 3,172,822 Contingency Managerial Reserve 984,272 - 984,272 Total Contingency 984,272 - 984,272 Total Expenditures 4,734,875 577,781 4,157,094 Revenues in Excess of(Less than)Expenditures (4,734,875) (577,747) 4,157,128 OTHER FINANCING SOURCES(USES) Transfers In 832,428 832,428 - Transfers Out (22,869,679) (22,869,679) - Total Other Financing Sources(Uses) (22,037,251) (22,037,251) - Net Change in Fund Balance (26,772,126) (22,614,998) 4,157,128 Fund Balance at Beginning of Year 26,907,681 26,907,681 - Fund Balance at End of Year $ 135,555 $ 4,292,683 $ 4,157,128 V-41 1611 6 A South Florida Water Managment District Capital Projects Fund Federal Land Acquisition Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) EXPENDITURES OTHER FINANCING SOURCES(USES) Transfers Out ($ 411,683) ($ 411,682) $ 1 Total Other Financing Sources(Uses) (411,683) (411,682) 1 Net Change in Fund Balance (411,683) (411,682) 1 Fund Balance at Beginning of Year 4,344,397 4,344,397 - Fund Balance at End of Year $ 3,932,714 $ 3,932,715 $ 1 V-42 1611 A 6 South Florida Water Managment District Capital Projects Fund Save Our Everglades Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ 66,456,886 $ 50,251,826 ($ 16,205,060) Total Revenues 66,456,886 50,251,826 (16,205,060) EXPENDITURES Operations, Maintenance, and Construction Restoration 77,261,776 55,303,404 21,958,372 Total Operations, Maintenance, and Construction 77,261,776 55,303,404 21,958,372 Contingency Managerial Reserve 29,015,629 - 29,015,629 Total Contingency 29,015,629 - 29,015,629 Total Expenditures 106,277,405 55,303,404 50,974,001 Revenues in Excess of(Less than)Expenditures (39,820,519) (5,051,578) 34,768,941 OTHER FINANCING SOURCES(USES) Transfers In 1,217,308 1,217,308 - Total Other Financing Sources(Uses) 1,217,308 1,217,308 - Net Change in Fund Balance (38,603,211) (3,834,270) 34,768,941 Fund Balance at Beginning of Year 1,470,356 1,470,356 - Fund Balance at End of Year ($ 37,132,855) ($ 2,363,914) $ 34,768,941 V-43 16I1 A6 South Florida Water Managment District Capital Projects Fund Comprehensive Everglades Restoration Plan-Other Creditable Fund Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) EXPENDITURES Operations, Maintenance, and Construction Restoration $ 1,648,617 $ 137,614 $ 1,511,003 Total Operations, Maintenance, and Construction 1,648,617 137,614 1,511,003 Contingency Managerial Reserve 2,804,532 - 2,804,532 Total Contingency 2,804,532 - 2,804,532 Total Expenditures 4,453,149 137,614 4,315,535 Revenues in Excess of(Less than)Expenditures (4,453,149) (137,614) 4,315,535 OTHER FINANCING SOURCES(USES) Transfers In 3,000,000 3,000,000 - Transfers Out (191,783) (191,783) - Total Other Financing Sources(Uses) 2,808,217 2,808,217 - Net Change in Fund Balance (1,644,932) 2,670,603 4,315,535 Fund Balance at Beginning of Year 1,644,932 1,644,932 - Fund Balance at End of Year $ - $ 4,315,535 $ 4,315,535 V-44 1611 A 6 South Florida Water Managment District Capital Projects Fund COPS-Everglades Forever Act(EFA) Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 155,487 $ 155,487 Total Revenues - 155,487 155,487 EXPENDITURES Operations, Maintenance, and Construction Restoration 36,055,728 25,803,587 10,252,141 Total Operations, Maintenance, and Construction 36,055,728 25,803,587 10,252,141 Total Expenditures 36,055,728 25,803,587 10,252,141 Revenues in Excess of(Less than)Expenditures (36,055,728) (25,648,100) 10,407,628 OTHER FINANCING SOURCES(USES) Transfers In 15,928,773 15,928,773 - Transfers Out (100,000) (100,000) - Total Other Financing Sources(Uses) 15,828,773 15,828,773 - Net Change in Fund Balance (20,226,955) (9,819,327) 10,407,628 Fund Balance at Beginning of Year 20,454,813 20,454,813 - Fund Balance at End of Year $ 227,858 $ 10,635,486 $ 10,407,628 V-45 lóIlA6 South Florida Water Managment District Capital Projects Fund COPS-Comprehensive Everglades Restoration Plan(CERP) Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30, 2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 81,597 $ 81,597 Other - 1,140,181 1,140,181 Total Revenues - 1,221,778 1,221,778 EXPENDITURES Operations, Maintenance, and Construction Restoration 100,000 100,000 - Total Operations, Maintenance,and Construction 100,000 100,000 - Total Expenditures 100,000 100,000 - Revenues in Excess of(Less than)Expenditures (100,000) 1,121,778 1,221,778 OTHER FINANCING SOURCES(USES) Transfers In 100,000 100,000 - Transfers Out (15,928,773) (15,928,773) - Total Other Financing Sources(Uses) (15,828,773) (15,828,773) - Net Change in Fund Balance (15,928,773) (14,706,995) 1,221,778 Fund Balance at Beginning of Year 28,684,452 28,684,452 - Fund Balance at End of Year $ 12,755,679 $ 13,977,457 $ 1,221,778 V-46 1611 A 6 South Florida Water Managment District Capital Projects Fund Lake Belt Mitigation Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Investment Earnings(Losses) $ - $ 11,573 $ 11,573 Total Revenues - 11,573 11,573 EXPENDITURES Operations, Maintenance, and Construction Land Stewardship 1,331,041 928,851 402,190 Total Operations, Maintenance,and Construction 1,331,041 928,851 402,190 Total Expenditures 1,331,041 928,851 402,190 Revenues in Excess of(Less than)Expenditures (1,331,041) (917,278) 413,763 OTHER FINANCING SOURCES(USES) Transfers In 1,463,966 1,463,966 - Transfers Out (233,531) (233,531) - Total Other Financing Sources(Uses) 1,230,435 1,230,435 - Net Change in Fund Balance (100,606) 313,157 413,763 Fund Balance at Beginning of Year 360,874 360,874 - Fund Balance at End of Year $ 260,268 $ 674,031 $ 413,763 V-47 South Florida Water Managment District 16 I 1 A 6 Capital Projects Fund Lake Okeechobee Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) EXPENDITURES Operations, Maintenance, and Construction Restoration $ 115,961 $ 24,487 $ 91,474 Total Operations, Maintenance, and Construction 115,961 24,487 91,474 Total Expenditures 115,961 24,487 91,474 Revenues in Excess of(Less than)Expenditures (115,961) (24,487) 91,474 OTHER FINANCING SOURCES(USES) Transfers Out (1,652) (1,652) - Total Other Financing Sources(Uses) (1,652) (1,652) - Net Change in Fund Balance (117,613) (26,139) 91,474 Fund Balance at Beginning of Year 33,125 33,125 - Fund Balance at End of Year ($ 84,488) $ 6,986 $ 91,474 V-48 1611 A6 South Florida Water Managment District Permanent Fund Wetland Mitigation Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30,2014 Variance with Final Final Budget-Positive Budget Actual (Negative) REVENUES Intergovernmental $ - $ 96,430 $ 96,430 Investment Earnings(Losses) - 154,535 154,535 Licenses, Permits and Fees - 12,690 12,690 Total Revenues - 263,655 263,655 EXPENDITURES Adminstrative Services and Executive Offices Land Stewardship 820,349 - 820,349 820,349 - 820,349 Total Expenditures 820,349 - 820,349 Revenues in Excess of(Less than)Expenditures (820,349) 263,655 1,084,004 OTHER FINANCING SOURCES(USES) Transfers In 820,349 820,349 - Total Other Financing Sources(Uses) 820,349 820,349 - Net Change in Fund Balance - 1,084,004 1,084,004 Fund Balance at Beginning of Year 14,116,578 14,116,578 - Fund Balance at End of Year $ 14,116,578 $ 15,200,582 $ 1,084,004 V-49 1611 A 6 4,e&A.,.. --- t. -v-vt . - ytt*,'„? , . .0, os%in", ,,,, ..„„.......„.„ This Page has been Intentionally Left Blank V-50 1611A6 I SOUTH FLORIDA WATER MANAGEMENT DISTRICT Internal Service Funds Internal Service Funds are used to account for District activities that provide services to other funds and organizational units on a cost reimbursement basis. Self Insurance Fund Accounts for the operations related to providing workers' compensation, general liability, and automobile insurance coverage to all District resource areas. Revenue is provided through interfund charges based on a cost allocation study. Health Benefits Fund Accounts for the operations related to providing health and medical insurance coverage to District employees and retirees who choose to remain in the plan. Revenue is provided through interfund charges and employee and retiree contributions. V-51 1611 A6 South Florida Water Management District Combining Statement of Net Position Internal Service Funds September 30,2014 Self Insurance Health Benefits Fund Fund Total ASSETS Current Assets Cash and Cash Equivalents $ 10,111,256 $ 8,029,057 $ 18,140,313 Accounts Receivable 44,920 6,967 51,887 Due from Other Funds - 782,722 782,722 Prepaids 538,249 - 538,249 Other Assets 140,000 775,000 915,000 Total Current Assets 10,834,425 9,593,746 20,428,171 Noncurrent Assets Furniture, Fixtures and Equipment 27,459 - 27,459 Computer Hardware 3,030 - 3,030 Vehicles 36,224 - 36,224 Accumulated Depreciation (34,586) - (34,586) Total Noncurrent Assets 32,127 - 32,127 Total Assets 10,866,552 9,593,746 20,460,298 LIABILITIES Current Liabilities Accounts Payable $ 100,072 $ 643,088 $ 743,160 Due to Other Funds 2,339 - 2,339 Claims Payable 819,322 1,744,918 2,564,240 Total Current Liabilities 921,733 2,388,006 3,309,739 Noncurrent Liabilities Claims Payable 2,953,678 - 2,953,678 Total Noncurrent Liabilities 2,953,678 - 2,953,678 Total Liabilities 3,875,411 2,388,006 6,263,417 NET POSITION Net Position Net Investment in Capital Assets 32,127 - 32,127 Unrestricted 6,959,014 7,205,740 14,164,754 Total Net Position $ 6,991,141 $ 7,205,740 $ 14,196,881 V-52 1611 A6 4 South Florida Water Management District Combining Statement of Revenues, Expenses,and Changes in Fund Net Position Internal Service Funds For the Year Ended September 30,2014 Self Insurance Health Benefits Fund Fund Total OPERATING REVENUES Charges for Services $ 1,730,901 $ 28,803,960 $ 30,534,861 Other Operating Revenue 85,132 - 85,132 Total Operating Revenues 1,816,033 28,803,960 30,619,993 OPERATING EXPENSES Salaries 442,774 - 442,774 Benefits 147,081 - 147,081 Claims 288,171 25,916,308 26,204,479 Purchased Services 180,151 11,325 191,476 Administrative Fees - 1,922,790 1,922,790 Other 1,099,063 589,921 1,688,984 Depreciation 5,111 - 5,111 Total Operating Expenses 2,162,351 28,440,344 30,602,695 OPERATING INCOME(LOSS) (346,318) 363,616 17,298 NONOPERATING REVENUES Interest Earnings 122,523 44,807 167,330 Gain on Disposal of Capital Assets 23 - 23 Total Nonoperating Revenues 122,546 44,807 167,353 Change in Net Position (223,772) 408,423 184,651 Net Position at Beginning of Year 7,214,913 6,797,317 14,012,230 Net Position at End of Year $ 6,991,141 $ 7,205,740 $ 14,196,881 V-53 1611 A6 South Florida Water Management District Combining Statement of Cash Flows Internal Service Funds For the Year Ended September 30,2014 Self Insurance Health Benefits Fund Fund Total CASH FLOWS FROM OPERATING ACTIVITIES: Cash Receipts from Customers $ 1,732,351 $ 28,797,181 $ 30,529,532 Cash Payments to Suppliers (1,157,384) (2,163,604) (3,320,988) Cash Payments for Salaries, Benefits (589,855) - (589,855) Claims Paid (1,020,171) (26,010,346) (27,030,517) Other Receipts(Payments) 85,132 (262,128) (176,996) Net Cash Provided by(Used in)Operating Activities (949,927) 361,103 (588,824) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Sale of Capital Assets 23 - 23 Net Cash Provided by Capital and Related Financing Activities 23 - 23 CASH FLOWS FROM INVESTING ACTIVITIES: Interest Earnings 122,523 44,807 167,330 Net Cash Provided by Investing Activities 122,523 44,807 167,330 Net Increase(Decrease)in Cash and Cash Equivalents (827,381) 405,910 (421,471) Cash and Cash Equivalents, Beginning of Year 10,938,637 7,623,147 18,561,784 Cash and Cash Equivalents, End of Year $ 10,111,256 $ 8,029,057 $ 18,140,313 RECONCILIATION OF OPERATING INCOME(LOSS)TO NET CASH PROVIDED BY(USED IN)OPERATING ACTIVITIES: Operating Income(Loss) (346,318) 363,616 17,298 Adjustments to Reconcile Operating Income(Loss)to Net Cash Provided by(Used In)Operating Activities Depreciation 5,111 - 5,111 CHANGES IN ASSETS AND LIABILITIES: Decrease(Increase)in Accounts Receivable 1,450 (6,779) (5,329) Decrease(Increase)in Due from Other Funds - (262,128) (262,128) Decrease(Increase)in Prepaids 47,438 - 47,438 Increase(Decrease)in Accounts Payable 74,158 360,432 434,590 Increase(Decrease)in Due to Other Funds 234 - 234 Increase(Decrease)in Estimated Unpaid Claims (732,000) (94,038) (826,038) Net Cash Provided by(Used in)Operating Activities $ (949,927) $ 361,103 $ (588,824) V-54 1611 A 6 STATISTICAL SECTION 161 }1 A6 Statistical Section This part of the South Florida Water Management District's Comprehensive Annual Financial Report presents detailed information as context for understanding what the information in the financial statements, note disclosure, and required supplementary information says about the District's overall financial health. • FINANCIAL TRENDS VI-2 These schedules contain trend information to help the reader understand how the District's financial performance and well-being have changed over time. REVENUE CAPACITY VI-8 These schedules contain information to help the reader assess the factors affecting the District's ability to generate its property taxes. DEBT CAPACITY VI-17 These schedules present information to help the reader assess the affordability of the District's current levels of outstanding debts and the District's ability to issue additional debt in the future. DEMOGRAPHIC AND ECONOMIC INFORMATION VI-19 These schedules offer demographic and economic indicators to help the reader understand the environment within which the District's financial activities take place and to help make comparisons over time and with other governments. OPERATING INFORMATION VI-23 These schedules contain information about the District's operations and resources to help the reader understand how the District's financial information relates to the services the District's provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the Comprehensive Annual Financial Reports for the relevant year. vi-1 1611 A6 Schedule 1 South Florida Water Management Die Net Position by Category Last Ten Fiscal Years (Accrual Basis of Accounting) Fiscal Year 2005 2006 2007 2008' 2009 2010 2011 2012 2013 2014 Net investment in capital assets $2,473.840,536 5 2,991,538,729 S 3,398,712,773 $3,879,878,118 $3,788,956,243 $3,889,880,428 $4,157,311,051 $4,172,534,665 $4,213,896,550 $4,278,898,454 Restricted for'. Debt Service 8,172,744 5,842,813 26,937,291 28,235,089 28,523,878 28,802,266 30,327,489 29,482,154 29,834,800 30,249,838 Wetlands Mitigation Expendable 14,048,767 13,048,502 11,552,393 13,790,936 16,478,384 23,272,435 23,290,831 22,168,650 21,723,599 22,584,805 Nonexpendable 7,030,157 7,230,157 7,538,957 7,887,077 10,262,096 12,707.636 13,988,620 14,016,126 14,037,830 14,967,099 Environmental Programs 26,097,971 40,830,660 49,828,254 57,195,148 51,814,854 233,501,723 267,486,175 278,835,411 287,183,215 290,189,479 Capital Construction - - - - - - 63,511,269 27,848,557 27,416,898 27,081.874 Totals for Restricted 55,349,639 66,952,132 95,856,895 108,908,248 107,077,010 298,284,060 398,604,384 372,350,898 380,196,140 385,052,895 Unrestricted 266,450,259 215,398,367 301,251,768 379,896,285 471,387,884 355,459,774 68,008,071 83,455,740 58,479,878 45,580,540 Total Net Position $2,795,640,434 $3,273,889,228 5 3,795,821,436 5 4,188,482,851 $4,367,421,137 5 4,543,604,282 $4,623,923,508 5 4,828,341,303 $4,852,572,368 $4,709,531,889 ' Ending net position restated by$41,053,467. Total Net Position $2,014 - $2,012 Si £ 62,010 a $2,008 E2,006 - 1 $2,004 - 4 $2,002 - $2,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fiscal Year VI-2 1611A6 f:- Schedule 2 South Florida Water Management District Changes in Net Position Last Ten Fiscal Years (Accrual Basis of Accounting) Fiscal Year 2006 2008 2007 2008 2009 2010 2011 2012 2013 2014 Functions/Pro0rams Expenses Land Stewardship S - S - 8 - 8 - S - $ • 8 - 8 17,230.408 $ 11,221,915 5 13,762,882 Mission Support - 115,901,217 128.467.596 103,599,908 105,245,086 114,123.630 121,213,117 59,451.321 46,558.301 45,166.915 Modeling and Scientific Support - - - - - - 10,229,238 10,775,376 11572,885 Operations and Maintenance - 91518.678 97,480.318 148,532,283 133,417,655 122.380,621 134,014,814 130,821,218 135,936,264 114,290,803 Regulation - - - - - - - 20,980,963 22,789,011 19,194,734 Restoration - 183.704,384 183.624,022 195,459,257 179,584,139 170.045,558 115,552,532 106.379,179 146,728,178 85,037,646 Water Supply - 71239.720 77,191.322 73,680,009 50,853,964 30,375.078 28.085,557 15.496,110 14,127,405 17,484,823 Interest on Long-Term Debt - 5,862.342 25,466,262 27,496,071 26,880,813 28,284.799 25.608,163 24.896,558 28,521,567 23,272,985 Total Expenses 417,298,017 468,288,341 512.229.520 546,787,528 495,981,457 ■63,169,681 424.474,183 385.484,993 414,636,017 329,783,255 Program Revenues Operating Grants 8 Contributions Land Stewardship - - - - - - - 1,000,814 1,414,592 3,169,388 Mission Support - - - - - - - 784,358 487.103 3,833,388 Modeling and Scientific Support - - - - - - - 20,170 27,206 25,955 Operations and Maintenance - 37,726,800 39.301.930 39,287,214 20,070,144 4,291,272 3.993,318 9.852.785 14,351,308 16,552,486 Regulation - - - - - - - 26.945 21,511 18,865 Restoration - 1,304.033 16,326,983 21,103,303 11061,814 20.087,646 23,810.358 4,824.792 7,897.125 12319.769 Water Supply - 25382590 51,205,258 27,172,174 7,655,238 4,751 3.521,120 70,000 - 102,840 Total Operating Grants 8 Contributions 93,011,818 65,413,523 106.834,171 87,582,691 38,787,196 24,383,669 31,324,798 16,579,882 i 24,198,843 41,020.889 Capital Grants&Contributions: Land Stewardship - - - - - - - 32,827 48,065 - Mission Support - - 612,722 1,902,128 12,000 3,193,658 - 9,585,221 269,933 - Operations and Maintenance - 13,656,576 21,986,733 54,381,178 7,806,297 21,301,044 12,560,490 - 85,415 - Restoration - 388,432,012 262,837,217 191,915,979 53,211,727 80,199,258 10,797,605 45,705,508 52,662,666 65,112,480 Water Supply - 1,371,778 7,250 - - - - - - - Total Capital Grants 8 Contributions 206,558,280 383,480,388 285443,922 248,199,285 61.030,024 104,693,960 23,358,095 55.323,558 53,064,079 65,112480 Charges for Services Land Stewardship - - - - - - - 11,616,667 20,114,342 21,846,034 Mission Support - - - 148,175 99,733 10,379,191 11,278,950 9,140,184 10,978,092 12,035,727 Operations and Maintenance - - - 6,388.825 3,280.921 4,857.875 8,039,514 115,421 71,392 77,820 Regulation - - - - - - - 2,785,028 2,982,230 3,718,028 Water Supply - 11,805,719 12,761,049 4,630.694 6,061,734 5,798,803 3,319,171 - - - Total Charges for Services 9,495,049 11.805,719 12,761,049 11,187,494 i 9,442,388 21,035,669 22,637,835 23,657.278 34,148,056 37,677,609 Total Program Revenues 311.065.147 480,679,808 405539,142 346.929,470 109,259.608 150,113,298 77,320.528 95,560.698 111,408,978 143,810,758 Net(ExpenselfRevenue (106.232,8701 (7.808,733) (107,190,378) (199,838,058) (386,721,849) (313.058,388) (347,153,657) (289,904,297) (303,227,039) (185,952,497) Page 1 of 2 VI-3 1611 A6 Schedule 2 South Florida Water Management District Changes In Net Position Last Ten Fiscal Years (Accrual Basis of Accounting) Fiscal Year 2008 2008 2007 2008 2009 2010 2011 2012 2013 2014 General Revenues Taxes: Property Taxes,Levied for General Purposes 325.825,399 386,282,388 476,628,778 475,621,991 451,384,521 394,194,577 347,234,986 236,860,170 232,838,278 233,527,102 Property Taxes,Levied for Everglades Constru 62.577,893 70,980,322 84,882,009 84,388,098 81,045,067 72,185.795 64,381,190 47,798,117 47,242,100 47,140,188 Investment Earnings 7,845,492 10,440,431 47,506,506 37,834,818 28,483.350 14,487,902 133893,847 8,611,844 385,038 6,058,186 Other 31,821,543 11,220,865 20,105,295 13,707,833 26,747.397 8,391,237 2,182,878 1,051,963 1,092,105 2.087,127 Gain on Sale of Capital Assets - 15,365,812 Total General Revenues 428,070,127 502,289,818 629,122,586 611,552,740 587,660,335 489,239,511 427,472,901 294,322,094 281,557,519 288,812,603 Total Revenue 739,135,274 962,969,426 1,034,161,728 958,482,210 696,919,943 839,352,809 504,793,427 389,882,790 392,966,497 432,623,361 Charge in Net Posilbn $321,837,257 $494,683,085 $521,932,208 9 411,714,882 $200,938,486 $176,183,125 3 80,319,244 $ 4,417,797 $(21,869,520) $102,880,106 Notes: In fiscal year 2006 the District changed its level of control.Due to this change only totals will be presented for all years prior to fiscal year 2006. At the beginning of fiscal year 2012,the District reorganized its resource area and major program structure. The increase in charges for services in the Mission Support program in fiscal year 2010 relates to services charged by the Self Insurance Fund and Health Insurance Fund,internal service funds. Page 2 of 2 VI-4 1611 A6 Schedule 3 South Florida Water Management District Fund Balances,Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis of Accounting) Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 General Fund Reserved $ 12,557683 $ 11,933,752 $ 9,776476 $ 9,296,735 $ 7,631.800 $ 11,120,668 $ - $ - $ - $ - Unreserved 26,251,006 37,101,833 54,269,757 84,982,169 81.084.241 76,659888 - - - - Nonspendable - - - - - - - 201,145 201,145 - Restricted - - - - - - 1,190,857 - - - Commiaed - - - - - 13,571,806 20,532,474 27.514.703 14,919,347 Assigned - - - - - - 50,267,731 48.616.088 32,914,652 42,477,518 Unassigned - - - - - - 22,761,839 12.774,338 2.485,387 6,022,833 Total General Fund 38,808,889 49,035,585 64,046,233 94,278,904 86716041 87,780,556 87,792,233 82.124045 63,115,887 63,419,698 All Other Governmental Funds Reserved 178,809,881 137,723,123 202,169,397 95,628,437 100,455.114 128,352,468 - - - - Unreserved,reported in: Special Revenue Funds 98.731.116 98,778,294 120,286,117 126,025,864 137,081,191 116,393,784 - - - - Capital Project Funds 30,963,011 113,473,976 497,274,716 504.835,607 572,503,303 523,243,561 - - - - Permanent Fund 156,240 11,904 124,439 (902,266) (37,783) - - - - - Norspendable - - - - - - 19,858,805 20,196,060 20,088,942 20,685,277 Restricted - - - - - - 418,023,868 386,520,197 397,978,668 412,681,591 Committed - - - - - - 31,991,986 12,223,594 57.610 - Assigned - - - - - - 32,464,433 ' 34,453,856 41,804,359 22,923,057 Unassigned - - - - - - (13,880,130) (2,213,847) (73,179) (26947,554) Total Al Other Governmental Funds 308,660,248 349,987,297 819,854,869 725,587,642 810,001,825 767,989,813 488,458,962 451,179,860 459,856,400 432,342,371 Grand Total $ 347,469,137 $ 399,022,882 $ 883,900,902 $819,866,546 $898,717,866 $855,770,369 $576,251,195 $533,303,905 $522,972,287 $ 495,762,069 Note: The District implemented GASB 854"Fund Balance Reporting and Governmental Fund Type Definitions"in fiscal year 2011. The increase in fund balance in fiscal year 2007 is a result of the ssuance of Certificates of Participation(COPS),Series 2006,in the amount 01 5546,120,000,the proceeds of which will be used to provide funds for the construction of high priority projects.Details regarding the District's outstanding debt can be found in Note 10 of the financial statements. $1,000 $800 $600 E c $$400 29r 2005200620072008200920102011201220132014 Fiscal Year VI-5 1611 A 6 Schedule 4 South Florida Water Management District Changes in Fund Balances,Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis of Accounting) Fiscal Year 2005 2008 2007 2008 2009 2010 2011 2012 2013 2014 REVENUES Ad Valorem Property Taxes $ 376,053.364 5 445,749,903 $ 549.849,748 8 548.747,480 5 520,754.080 $ 454,702,214 0 400,551,714 S 273,150,566 5 268.486.810 S 289,227,589 Agricultural Privilege Taxes 12,349,728 11,512.807 11,661.037 11,282,609 11,675.508 11,878,158 11,064,482 11,507,721 11,593.566 11,439.721 Intergovernmental 301,439,509 448.598,226 204,806,608 286,478.999 97.309,268 92,069.137 67,888.578 44,507,437 37,455.441 85,611.812 Investment Earnings 7.976081 18,716,094 47,506.507 37,834,818 28,483.350 14,404.749 13.108,608 8,294,234 353,207 5,890,856 Licenses.Permits and Fees 5,999.113 6.906,828 8.113.937 5.507.593 6,538,332 10,989,204 8,166,854 12,419,372 23,167,967 25,641.882 Self-Insurance Premiums 2,816,417 1.992.597 2,536,441 3,109,956 2,548,463 Sale of District Property 20,564.902 943,075 669,441 1.521,780 342.759 603,025 1,868,263 507,382 450,251 274.146 Indirect Costs Recovered 4.388.282 4,250,305 5,814,975 8,460,722 6,885,448 5,445,432 5,420,591 Leases 3,996,809 4,898.891 4,847,111 5,659,901 2,904,055 2,443,466 3,915,752 4,324.913 4.026,744 4.628,753 Other 3,551069 4.034,888 11,714,828 1.502.932 11,173,458 2934,236 895,996 959,735 922.227 1,995.553 Total Revenues 739,135,274 947,603,614 847,320,633 910,086,790 688,614,721 595,269,621 512,880,816 355,871,380 346,456,213 404,710,292 EXPENDITURES Current Operating 404,980,082 - - - - - Land Stewardship - - - - - 17,149,280 11248,730 13,950,298 Mission Support - 112,631,686 109,430655 107,521.245 102,689,838 97,584,202 94,765,560 46,163,905 35,441,096 33,914,009 Modeling and Scientific Support - - - - - - 10,937,113 11,268205 12,672,842 Operations and Maintenance - 107.005.090 112,187,088 140,170,271 119,992,071 112,283,074 125.507,410 110,555.983 119,821,310 97,951,945 Regulation - _ - - - 17,344,353 19,146,260 18,271,802 Restoration - 199,738,140 256,087.798 228,347,719 148,745,910 157.002,200 129,413,639 70,143,349 66,650.596 76,192,109 Water Supply 71040,556 77,119,810 73.702,317 50049063 32,559.823 32,328.114 10,398.423 9,627.209 8.828,114 Capital Outlay 284,130,917 475.145,947 274,226,583 379,030,673 143,169,182 183,126,292 370,729,580 66,970,460 48,449,472 128,064,854 Debt Service Bond Principal Retirement 3.260.000 4,500,000 4,660,000 4,785.000 4,975.000 5,190,000 5,415,000 5,655,000 5.865.000 6.120,000 Bond Interest and Other Fiscal Charges 2,583,429 2,444,128 2,303,401 2,143,086 1,940,171 1,722,396 1,489,721 1,265,749 1,035,786 768,598 1 Bank Loan Principal Payments 4,872,193 2577,553 86,847,342 3,247,489 1,832,482 1,832,482 2,975,339 1,142,857 Bank Loan Interest 610,763 740,199 580,847 390,991 279,620 206,172 180,724 19,867 Bond Issuance Costs _ _ - - Defeasance Costs _ - - - - - _ - - - Capital Lease Principal Payments 1,296,990 1,144,988 968,060 502,187 193,181 200,330 - _ Capital Lease Interest 98,004 81,584 53,983 25,894 12,712 5,543 COPS Principal Retirement - - - 7,675,000 9,015.000 9,370,000 9,705,000 10,135.000 10,610000 11,060,000 COPS Interest - - 10,091,807 26,579,294 26.268,593 25,923,546 25,539,177 25,088,037 24,626,167 24,125,840 Total Expenditures 701,832.378 978,049,869 934,563,350 974,121,146 609,763,401 627,006,060 798,049,264 392,969,378 383,787,831 431,920,511 Revenues in Excess of(Less Than)Expenditures 37,302,896 (30.446.255) (87,242,717) (64034,358) 78,851,320 (31,736,439) (285,168,448) (37,298,016) (17,331,818) (27,210,219) Page 1 of 2 VI-6 • 161 't A 6 Schedule 4 South Florida Water Management District Changes in Fund Balances,Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis of Accounting) Fiscal Year 2005 2008 2007 2008 2009 2010 2011 2012 2013 2014 OTHER FINANCING SOURCES(USES) Transfers In 142,255,948 212,798,171 261,893,797 214,648,804 454,498,325 163,744,472 143,735,575 72,862,774 110,969,774 144,193,867 Transfers Out (142,255,948) (212,798.171) (261.893,797) (214,646,804) (454,498,325) (174,955,529) (141735,575) (72,862,774) (103,969,774) (144,193.867) Land Acquisition Refunding Bonds Issues - Proceeds of Bond Issuance - - - - _ - Premium on Bonds Issued - - 26,081.797 - - - - - Discount on Bonds Issued - - (81,060) - - - - - - _ Payment to Bond Escrow Agent - _ - - - Proceeds of Bank Loan 1000.000 82,000,000 _ - - - - - - - Proceeds of Capital Leases 939,583 - - - - - - Proceeds of Certificate of Participation(COPS) - - 546,120,000 - - • - - - - Total Other Financing Sources(Uses) 8,939,583 82,000,000 572,120,737 - - (11,211,057) - - 7,000,000 - Net Change in Fund Balance $ 46,242,479 f 51,553,745 f 484,878,020 $ (64,034,356) $ 78,851,320 ...U=.........147,498 S (285,16(,448) S (37,298.016) S (10,331,618) f (27,210,219) Debt Service as a percentage of noncapital 2.88% 2.65% 26.02% 8.42% 8.51% 957% 11.11% 1128% 13.36% 1185% expenditures' Notes: At the beginning of fiscal year 2012 the District reorganized its resource area and major program structure. Beginning in fiscal year 2012 the District changed its method of recording indirect cost recoveried and these amounts are netted against the original associated costs. Beginning in fiscal year 2010 the District established an internal service fund to account for worker's compensation,auto and general liability insurance. As such,premium revenues are now reported in the Sed-Insurance Fund. The increase in the debt service ratio in fiscal year 2007 is due to the issuance of Certificates of Participation(COPS),Series 2006,in the amount of 8541120,000.Details regarding the District's outstanding debt can be found in Note 10 of the financial statements. ' For purposes of calculating debt service as a percentage of noncapital expenditures,noncapital expenditures excludes expenditures that are classified as capital outlay on the government- wide financial statements,which may be different than those shown above.The noncapital expenditure amount used in the calculation is determined by subtracting the capital outlay amount shown on the Reconciliation of the Statement of Revenues,Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities(see page Ill-11)from the total expenditure amount shown above. Page 2 012 VI-7 16I1 A6 Schedule 5 South Florida Water Management District Revenues by Source Last Ten Fiscal Years (Modified Accrual Basis of Accounting) Fiscal Year 2005 2008 2007 2008 2009 2010 2011 2012 2013 2014 Property Taxes $ 376,053,364 $445,749,903 $ 549,849,748 $ 548,747,480 $520,754,080 $ 454,702,214 $400,551,714 $ 273,150,566 $268,486,810 $269,227,569 Agricultural Privilege Taxes 12,349,728 11,512,807 11,661,037 11262,609 11,675,508 11,678,158 11,064,462 11507,721 11,593,566 11,439,721 Intergovemmental 301,439,509 448,598,226 204,806,608 286,478,999 97,309268 92,069,137 67,888,578 44,507,437 37,455,441 85,611,812 Investment Earnings 7,976,081 18,716,094 47,506,507 37,834,818 28,483,350 14,404,749 13,108,606 8294,234 353,207 5,890,856 Licenses,Permits 8 Fees 5,999,113 6,906,828 8,113,937 5,507,593 6,538,332 10,989,204 8,166,854 12,419,372 23,167,967 25,641,882 Leases 3,996,809 4,898,891 4,647,111 5,659,901 2,904,055 2,443,466 3,915,752 4,324,913 4,026,744 4,628,753 Other 31,320,670 11,220,865 20,735,685 14,595,390 20,950,128 8,982,693 8,184,850 1,467,117 1,372,478 2,269,699 Total $ 739,135,274 $ 947,603,614 $847,320,633 $910,086,790 $688,614,721 $ 595,269,621 $512,880,816 $ 355,671,360 $346,456,213 $404,710,292 VI-8 1611 A 6 Schedule 8 South Florida Water Management District Property Tax Revenue by County Last Ten Fiscal Years (in Thousands) Fiscal Year Broward Charlotte• Collier Miami-Dade Glades Hendry Highlands• Lee 2005 5 77,187 $ 75 S 26,063 8 99,372 8 298 S 2,903 5 362 8 33,775 19.87% 0.02% 6.71% 2558% 0.08% 0.75% 0.09% 8.70% 2006 89,586 105 31,274 116,767 366 2,834 380 43,411 1059% 0.02% 8.84% 2554% 0.08% 0.82% 0.08% 049% 2007 105,682 117 39,245 139,563 513 3,232 672 60,215 1882% 0.02% 6.99% 24.85% 009% 0.58% 0.12% 10.72% 2008 106,200 222 38,430 145,653 449 3,103 555 58,010 1896% 0.04% 6.88% 26.01% 0.080% 055% 0.10% 10 36% 2009 101,545 96 36,569 143,415 410 2,900 538 50,973 19.07% 0.02% 687% 2594% 0.08% 0.54% 0.10% 9.57% 2010 88,823 83 32,370 129,243 384 2,746 470 39,242 19.05% 0.02% 6.94% 27.71% 0.08% 0.59% 0.10% 8.41% 2011 77,688 72 28,407 113,386 356 2,593 427 33,482 1887% 0.02% 600% 27.55% 009% 0.63% 010% 8.13% 2012 52,960 48 19,370 77,466 251 2,177 278 22,653 1861% 0.020% 6.80% 2721% 009% 0.76% 0.10% 796% 2013 52,800 46 19,197 75,463 239 2,175 302 22,142 18.85% 0.02% 6.85% 26.94% 0.09% 0.78% 0.11% 791% 2014 52,312 42 19,217 77,324 217 2,154 276 21,755 18.64% 0.01% 6.85% 2755% 0.08% 0.77% 0.10% 7.75% •Amounts represent property fazes only for the portion of the county that is within the District's boundaries. Page 1 of 2 VI-9 1611 A 6 Schedule 6 South Florida Water Management District Property Tax Revenue by County Last Ten Fiscal Years (in Thousands) Fiscal Year Martin Monroe Okeechobee• Orange• Osceola• Palm Beach Polk• St.Lucie Total 2005 S 10,414 S 11,716 S 910 S 20,7666 S 9,119 S 85,636 S 595 S 9,212 S 388,403 268% 302% 023% 535% 235% 2205% 0.15% 2.37% 100.00% 2006 12,413 14,878 1,018 22,945 10,868 98,021 790 11,809 457,263 2.71% 321% 0.22% 502% 2.38% 21.45% 0.17% 258% 100.00% 2007 13,646 17,907 1,481 28,104 14,495 118,700 1,322 16,416 561,510 2.47% 319% 026% 501% 258% 21.14% 0.24% 292% 100.00% 2008 13,724 17,254 1,399 29,268 15,810 112,805 1,588 15,560 560,010 245% 3.08% 0.25% 523% 2.82% 20.15% 0.28% 278% 100.00% 2009 12,370 15,932 1,218 29,852 15,614 106,580 1,448 12,974 532,430 2.32% 2.99% 0.23% 5.61% 2.03% 20.02% 027% 244% 100.00% 2010 11,279 13,614 1,140 26,985 13,017 95,642 1,104 10,238 468,380 2.42% 2.92% 024% 579% 279% 2851% 023% 2.20% 100.00% 2011 10,582 11,915 891 24,122 10,901 86,691 818 9,285 411,618 2.57% 2.89% 0.22% 5.86% 2.65% 21.06% 0.20% 226% 100.00% 2012 7,196 7,928 599 16,950 7,093 82,997 524 6,170 284,658 253% 279% 0.21% 595% 249% 22.13% 0.18% 217% 100.00% 2013 7,130 7,871 610 16,681 6,883 62,021 515 8,025 280,080 2.55% 281% 022% 596% 245% 22.13% 0.18% 2.15% 100.00% 2014 8,790 7,649 582 16,876 7,325 61,856 522 6,170 280,687 2.42% 273% 0.21% 594% 267% 21.95% 0.19% 220% 100.00% •Amounts represent property taxes only for the potion of the county that is within the District's boundaries. Page 2 of 2 VI-lo 16I1 A6 Schedule 7 South Florida Water Management District Direct Property Tax Rates Last Ten Fiscal Years (Rate per$1,000 of assessed value) Okeechobee Basin Big Cypress Basin Year District Basin Total District Basin Total 2005 02840 0.4130 0.6970 02840 0.2425 0.5265 2006 0.2840 0.4130 0.6970 0.2840 0.2425 0.5265 2007 02840 0.4130 0.6970 02840 02425 0.5265 2008 02549 0.3691 0.6240 02549 02265 0.4814 2009 02549 0.3691 0.6240 02549 02265 0.4814 2010 02549 0.3691 0.6240 0.2549 02265 0.4814 2011 0.2549 0.3691 0.6240 0.2549 02265 0.4814 2012 0.1785 0.2578 0.4363 0.1785 0.1633 0.3418 2013 0.1757 0.2532 0.4289 0.1757 0.1633 0.3390 2014 0.1685 02425 0.4110 0.1685 0.1593 0.3278 Notes: Since South Florida Water Management District is a regional govemmental unit,it is not reasonable to present overlapping property tax rates. The reduction of property tax rates in fiscal year 2008 is a result of the passage of House Bill 1-B,which required a reduction in taxes by all local govemments and special taxing districts. The reduction of property tax rates in fiscal year 2012 is a result of the passage of Senate Bill 2142,which limited the total ad valorem taxes that could be levied by the District. State law limits the combined District-at-Large and basin tax millage for each of the two basins at 0.8 mills($0.80 per $1,000 of taxable value).The state constitutional lime is slightly higher at 1 mill($1.00 per$1,000 of taxable value). Source: South Florida Water Management District Budget Bureau. VI-11 1611 A6 ,.. Schedule 8 South Florida Water Management District Property Tax Collections Last Ten Fiscal Years Big Fiscal District Okee Cypress Year Wide Basin Basin Collections within Collection Ended Tax Tax Tax Total Tax the Fiscal Year Percentage of Prior Total Collections Percentage Sept.30 Rate Rate Rate Levy of the Levy of Levy Year Taxes' to Date of Levy' 2005 02840 0.4130 02425 $ 375,371,188 $ 372,357,871 99.2% $ 2,696,744 $ 375,054,615 99.9% 2006 02840 0.4130 0.2425 444,075,931 423,518,333 95.4% 2,090,550 425,608,883 95.8% 2007 0.2840 0.4130 0.2425 553,009,838 553,009,740 100.0% 3,623,093 558,459,133 101.0% 2008 02549 0.3691 0.2265 549,484,359 539,248,357 98.1% 5,829,932 545,078,289 99.2% 2009 02549 0.3691 02265 525,229,365 514,311,078 97.9% 5,256,004 519,567,082 98.9% 2010 02549 0.3691 0.2265 459,945,322 442,168,909 96.1% 11,526,724 453,695,633 98.6% 2011 0.2549 0.3691 02265 399,025,958 384,381,001 96.3% 18,915,088 403296,089 101.1% 2012 0.1785 0.2578 0.1633 270,685,220 268,398,410 99.2% 6,535,361 274,933,771 101.6% 2013 0.1757 0.2532 0.1633 268,114,920 261,778,333 97.6% 4,988,476 266,766,809 99.5% 2014 0.1685 0.2425 0.1593 267,142,178 265,299,466 99.3% 4,019,743 269,319,209 100.8% NOTE: During fiscal year 2009 tax collections were received at a slower rate than typical,which caused an increase of prior year's cash collections in fiscal year 2010. 'Reflects taxes collected during the year that were levied in prior years.Not all tax collectors provide information sufficient to distinguish prior year tax collections by year that the tax was levied. 'Includes taxes collected for the current year levy plus collections of taxes that were levied in prior years.As such collections could be greater than 100%of the taxes levied during the year. VI-12 16I1 A6 Schedule 9 South Florida Water Management District Taxable Property Values and Just Values of Taxable Property by County Current Fiscal Year Taxable Value as a percentage County Just Value' Taxable Value 2 of Just Value Broward $ 185675484,234 $ 132,606617,746 71.42% Charlotte• 149,279,688 105,191,491 70.47% Collier 74,164,539,075 60,812,999,127 82.00% Glades 3,209,182,647 546,562,730 17.03% Hendry 5,132,755,461 1,705,020,243 33.22% Highlands• 1627,597,735 678,967,208 66.07% Lee 72,538,308,587 55,011,362,832 75.84% Martin 23,594,340,009 17,223,760,068 73.00% Miami-Dade 272,875,367,890 199,108,798,213 72.97% Monroe 27,422,667,507 19,223,066,060 70.10% Okeechobee• 2,403,363,448 1,407,992,438 58.58% Orange• 57,562,291,298 42,150,717,378 73.23% Osceola• 27213,904,304 17,133,158,323 62.96 Palm Beach 171,884,068,213 130,671,532,065 76.02% Polk 1,930,653,216 1,304,817,306 6758% St.Lucie 22,970,680,525 15,188,168,306 66.12% $ 949,755,483,837 $ 694,878,731534 73.16% County is only partially within the District's boundaries. Source:Florida Department of Revenue,Florida Property Valuations and Tax Data Book. Partial county just value is calculated based on the percentage of taxable value that is within the District's boundaries compared to the taxable value of the whole county. Just value is a legal synonym for"full cash value"or"lair market value". Source:South Florida Water Management District Budget Department,FY 2014 Budget. Taxable value is defined as assessed value which has been adjusted for any exemptions provided by the State Constitution. VI-13 161 'l A6 Schedule 10 South Florida Water Management District Taxable Value of Property Last Ten Fiscal Years Okeechobee Total Centrally District Basin Direct Fiscal Real Personal Assessed Tax Tax Tax Year Properly Properly' Property' Total Rate a Rate a Rata ' 2005 $ 535,652,622,464 $ 37,581,256,994 $ 249,689,014 $ 573,483,568,472 2.84 4.13 697 2006 639,271,283,210 39,061,362,113 270,717,328 678,603,362,651 2.84 4.13 6.97 2007 803,519,922,519 41,423,176,998 284238,697 845227,338,214 2.84 4.13 6.97 2008 892,858,395,941 42,892,968,298 300,886,190 936,052,250,429 2.55 3.69 624 2009 853,857,161,850 40,515,829,852 369,348,354 894,742,340,056 2.55 3.69 624 2010 742,675,388,669 40,715,092,253 399210,940 783,789,691,862 2.55 369 624 2011 645,555,800,822 41,283,680,011 312,424,992 687,151,905,825 2.55 3.69 624 2012 625,090,457,818 40,201298,218 323,038,790 665,614,794,826 1.79 268 4.37 2013 628,500,005,272 41,359,190,647 347,320,003 670,206,515,922 1.76 263 429 2014 650,125,288,770 44,379,393,336 374,049,428 694,878,731,534 1.69 243 4.12 Note: Since the District applies its tax rates to the taxable value of property,the taxable value has been shown in this schedule.Taxable value is defined as assessed value which has been adjusted for any exemptions provided by the State Constitution.Valuations are as of January 1 on the calendar year preceding the applicable District fiscal year. h Real property refers to land,land improvements,and any buildings or structures located on the land. ' Personal property includes property that can be moved from one location to another. ' Centrally assessed property generally refers to properties that are assessed as a whole unit.A railroad is an example of centrally assessed property. ° Tax rates are per$1,000 of assessed value. ' Tax rates are per$1,000 of assessed value.Total direct tax rate represents the rate in 15 of the Districts 16 counties.Collier County is the District's only county which is not geographically located in the Okeechobee Basin. Source: South Florida Water Management District Budget Bureau,Form DR-420s. VI-14 1611 A6 Schedule 11 South Florida Water Management District Assessed Value Per Capita Last Ten Calendar Years Calendar Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Assessed Property Value' $ 573.5 $ 678.6 $ 845.2 $ 936.1 $ 894.7 $ 783.8 $ 687.2 $ 665.6 $ 670.2 $ 694.9 (n Billions) District Population' 7,199,934 7,359,652 7,504,525 7,617,705 7,648,679 7,609,852 7,615,667 7,669,381 7,811,608 7,986,730 Assessed Property Value $ 79,654 $ 92.205 $ 112,625 $ 122,885 $ 116,974 $ 102,998 $ 90,235 $ 86,787 $ 85,795 $ 87,007 Per Capita 'Assessed value is as of January 1st for real,personal and centrally assessed property located within the boundaries of the District. Population data is from The Office of Economic 8 Demographic Research and has been adjusted for counties with boundaries only partially within the District. Assessed Property Value Per Capita $140,000 - y $120,000 5. $100,000 ' $80,000 • $60,000 $40,000 - $20,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year VI-15 1611 A 6 a , Schedule 12 South Florida Water Management District Principal Property Tax Payers Current Year and Eight Years Prior 2014 2008 Percentage Percentage Taxable of Total Taxable of Total Assessed Taxable Assessed Taxable Taxpayer Value Rank Assessed Value Value Rank Assessed Value Florida Power&Light Company $ 12,284,891,748 1 177% § 6,331,743,321 1 0.93% Walt Disney Company 8,037,161,628 2 1.16% 6,194,118,181 2 0.91% Duke Energy 2,192,136,877 3 0.32% 1.565,314,671 3 0.23% Universal Studios 1,490,000,000 4 021% 580,584.834 7 0.09% Westgate Resorts 1,297,038.153 5 0.19% 1,001,813,446 6 0.15% BellSouth Telecommunications Inc 1,177,312,951 6 0.17% 1,261,567,853 5 0.19% Marriott Corporation 1,140,000,000 7 0.16% 396,000,000 10 0.06% Hilton Corporation 822,700,000 8 0.12% 1,401,827,566 4 021% Wyndham Resorts 793,023,853 9 0.11% - Orange Lake Contry Club 705,800,000 10 0.10% - - Florida Power Corporation' - - 572,654.709 8 0.08% R H Resorts/Rosen Hotels - - 418,720,980 9 0.06% Totals $ 29,940,065,210 4.31% $ 19,724,345,561 2.91% Notes: Amounts represent assessed value as of January 1 of the year presented.The amounts shown reflect county totals even though some counties may only partially be within the District's boundaries. The earliest year for which this data is available is fiscal year 2006.As such,2006 will be the base year for comparison. ' Florida Power Corporation now operates as Duke Energy. Source: Data was obtained from the Tax Collector or Property Appraiser for the sixteen counties that are included in South Florida Water Management District's geographical boundaries. VI-16 1611 A6 . Schedule 13 South Florida Water Management District Ratios of Outstanding Debt by Type Last Ten Fiscal Years Fiscal Governmental Activities Year Land Land Total Percentage Percentage Ended Acquisition Purchases Capital Bank Certificates of Outstanding of Personal Per of Assessed Sept.30 Bonds-WMLTF' Payable Leases Loans Participation Debt Income' Capita' Value' 2005 $ 62,320,524 $100,108,087 $ 3,008,733 $ 19,456,880 $ - $ 184,894,224 0.0734% 25.12 0.0322% 2006' 57,758,545 77,679,516 1,863,645 97,878,527 - 235,180,233 0.0858% 31.34 0.0347% 2007 52,025,278 40219,445 895,678 11,031,537 568,849,724 673,021,662 02347% 88.35 0.0796% 2008 47,361,563 40,910,434 393,491 7,783,160 561,239,106 657,687,754 02235% 85.99 0.0703% 2009 42,022,941 - 200,330 5,950,678 550,476,399 598,650,348 02025% 78.67 0.0669% 2010 36,642,406 - - 4,118,196 539,399,546 580,160,148 0.1965% 76.18 0.0740% 2011 31,098,466 - - 1,142,847 528,053,493 560,294,806 0.1806% 73.06 0.0815% 2012 25,308,815 - - - 516,359,621 541,668,436 0.1619% 69.34 0.0814% 2013 19,333,395 - - - 504,232,927 523,566,322 0.1554% 66.34 0.0781% 2014 13,136,839 - - - 491,760,427 504,899,266 0.1459% 6322 0.0727% Note: Details regarding the District's outstanding debt can be found in the notes to the financial statements. ' During fiscal year 2006,the District utilized short-term bank financing. WMLTF stands for Water Management Lands Trust Fund. 'Refer to Schedule 15 for personal income information. °Refer to Schedule 15 for population information. ' Refer to Schedule 10 for assessed value information. VI-17 1611 A 6 CI Schedule 14 South Florida Water Management District Pledged-Revenue Bond Coverage Last Ten Fiscal Years Revenue Debt Service Documentary Allocated Fiscal Stamp Civil Interest Total Total Coverage Year Taxes Penalties Income Revenue Principal Interest Debt Service Ratio 2005 $ 40,825275 $ 841,382 $ 1,004,100 $ 42,470,757 $ 3,260,000 $ 2,583,429 $ 5,843,429 7.27 2006 40,437,784 556,170 1,829,897 42,823,851 4,500,000 2,444,126 6,944,126 6.17 2007 34,619,597 810,573 1,042,873 36,473,043 4,660,000 2,303,401 6,963,401 5.24 2008 15,193,803 1,037,381 1,507,927 17,739,111 4,785,000 2,143,086 6,928,086 2.56 2009 10,909,497 450,011 522,616 11,882,124 4,975,000 1,940,171 6,915,171 1.72 2010 13,972,497 46,147 437,404 14,456,048 5,190,000 1,722,396 6,912,396 2.09 2011 15,760,042 12,956 208,320 15,981,318 5,415,000 1,489,721 6,904,721 2.31 2012 7,354,939 20,000 183,055 7,557,994 5,655,000 1,265,749 6,920,749 1.09 2013 13,775,608 18,081 168,925 13,962,614 5,865,000 1,035,786 6,900,786 2.02 2014 10,652,283 24,835 175,378 10,852,496 6,120,000 768,598 6,888,598 1.58 Source: Florida Department of Environmental Protection,Water Management Lands Trust Fund,Bureau of Finance and Accounting Contracts Disbursements Section and District accounting records. Revenue&Debt Service $45,000 $40,000 $35,000 1 $30,000 'o $25,000 ■Revenue $20,000 •Debt Service $15,000 e $10,000 ES $5,000 C $0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fiscal Year VI-18 1611 A 6 •,.,.., qe...„4. Schedule 15 South Florida Water Management District Demographic and Economic Statistics Last Ten Calendar Years Personal Per Capita School Calendar Income Personal Enrollment Unemployment Year Population' (in thousands)' Income K•12' Rate° 2005 7,359,652 $251,907,469 $ 34,228 1,102,719 4.0% 2006 7,504,525 274,090,198 36,523 1,124,773 3.4% 2007 7,617,705 286,718,796 37,638 1,082,297 4.4% 2008 7,648,679 294,230,623 38,468 1,071,876 6.1% 2009 7,609,852 295,589,133 38,843 1,073,728 10.6% 2010 7,615,667 295,290,827 38,774 1,084,184 11.7% 2011 7,669,381 310,253,970 40,454 1,096,048 10.5% 2012 7,811,608 334,574,240 42,830 1,109,444 8.7% 2013 7,891,851 336,889,341 42,688 1,122,567 7.4% 2014 7,986,730 345,991,092 43,321 1,136,965 62% Note: Data has been adjusted for counties with boundaries only partially within the District. ' Population data is from The Office of Economic&Demographic Research.See Schedule 16 for details on population. 4 Source:Regional Economic Information System,Bureau of Economic Analysis,US Department of Commerce. Final data for calendar year 2014 is currently unavailable.The figure shown for calendar year 2014 estimates 4th quarter results as an average of the fast three quarters.Fiscal year 2013 data has been updated using final figures. ' Student enrollment data is obtained from the Florida Department of Education.Enrolment figures are based on the fall enrollment number for the calendar year specified. ° Source:Bureau of Labor Statistics-http://www.bls.gov/lau/home. VI-19 ft 1611 A6 Schedule 16 South Florida Water Management District District Population by County Last Ten Calendar Years Calendar Year 2005 2008 2007 2008 2009 2010 2011 2012 2013 2014 Broward 1,740,987 1,753,162 1,765,707 1,758,494 1,744,922 1,742,891 1,748,066 1,771,099 1,784,715 1,803,903 Charlotte' 770 802 823 6,300 6,287 6,302 6,079 6,208 6,220 6,250 Collier 317,788 326,658 333,858 332,854 333,032 333,554 321,520 329,849 333,663 336,783 Miami-Dade 2,422,075 2,437,022 2,462,292 2,477,289 2,472,344 2,476,289 2,496,435 2,551,290 2,582,375 2,613,692 Glades 10,729 10,796 11,055 11,323 11,311 11,330 12,884 12,671 12,658 12,852 Hendry 38,376 38,678 39,651 41,216 41,320 41,026 39,140 38,132 37,808 37,895 Highlands' 9,626 9,957 10,169 8,718 8,675 8,677 8,594 8,609 8,621 8,684 Lee 549,442 585,608 615,741 623,725 615,124 616,626 618,754 638,029 643,367 653,485 Martin 141,059 142,645 143,737 143,868 143,856 143,848 146,318 147,203 148,077 148,585 Monroe 82,413 80,510 78,987 76,081 77,925 78,150 73,090 72,897 73,560 74,044 Okeechobee' 37,010 37,893 38,249 39,203 38,909 38,918 39,196 39,009 38,967 39,031 Orange* 260,859 269,881 276,401 269,825 268,349 268,860 277,321 284,578 291,121 297,175 Osceola' 234,451 255,135 265,325 270,972 270,060 270,541 265,998 278,057 285,477 292,597 Paler Beach 1,265,900 1,287,987 1,295,033 1,294,654 1,287,344 1,286,778 1,320,134 1.335,415 1,345,652 1,360,238 Polk' 8,128 8,476 8,716 17,572 17,530 17,514 18,063 18,207 18,419 18,695 St.Lucie 240,039 259,315 271,961 276,585 272,864 274,363 277,789 280,355 281,151 282,821 Total 7,359,652 7,504,525 7,617,705 7,648,679 7,609,852 7,615,667 7,669,381 7,811,608 7,891,851 7,986,730 •County is only partially within the District's boundaries.Population's prorated based on estimated population within the geographic boundaries of the District. Source:The Office of Economic 8 Demographic Research-Florida Demographic Database(2004-2010). Source:University of Florida,Bureau of Economic and Business Research(2011-2013). VI-20 1611. A 6 kf, Schedule 17 South Florida Water Management District Employment Data Last Ten Calendar Years Calendar Total Unemployment Year Labor Force Employed Unemployed Rate(%) 2005 3,714,548 3,564,785 149,763 4.0 2006 3,815,337 3,686,457 128,880 3.4 2007 3,855,439 3,685,668 169,771 4.4 2008 3,844,561 3,610,123 234,438 6.1 2009 3,844,536 3,438,418 406,118 10.6 2010 3,876,208 3,423,749 452,459 11.7 2011 3,857,912 3,454,296 403,616 10.5 2012 3,973,042 3,629,273 343,769 8.7 2013' 4,017,108 3,720,853 296,255 7.4 2014 2 4,091,033 3,837,176 253,857 6.2 Note: Data has been adjusted for counties with boundaries only partially within the District. 'Figures have been updated to reflect revised inputs and reestimation. 'Final data for the calendar year 2014 is currently not available.The 2014 figures are based on the yearly average,through November,2014. Source: Bureau of Labor Statistics-http://www.bls.gov/lau/home. VI-21 • 1611 A b fi... Schedule 18 South Florida Water Management District Ten Largest Employers within District Boundaries Prior Calendar Year and Nine Years Prior 2013 2004 Number of %of Total Number of %of Total Employers Rank Employees Employment Employers Rank Employees Employment Walt Disney World Co. 1 69,700 1.9% Walt Disney World Co. 1 54,450 1.6% Miami-Dade County Public Schools 2 33,477 0.9% Miami-Dade County Public Schools 2 54,387 1.6% Broward County School Board 3 26,000 0.7% Broward County School Board 4 36,853 1.1% Miami-Dade County 4 25,502 0.7% Miami-Dade County 5 32,265 0.9% Publix Supermarkets 5 23,390 0.6% Publix Supermarkets 8 18,100 0.5% Orange County Public Schools 6 21,984 0.6% Orange County Public Schools 6 23,000 0.7% Palm Beach County School Board 7 20,810 0.6% Palm Beach County School Board 7 18,672 0.5% Adventist Health Systems 8 17,600 0.5% Adventist Health Systems 3 44,000 1.3% Universal Studios 9 16,500 0.4% Universal Studios 10 12,787 0.4% Orlando Health 10 15,867 0.4% Orlando Health - - - Broward County Government - - - Broward County Govemmenl 9 13,914 0.4% Total 270,830 7.3% Total 308,428 9.0% Total Employment in District Boundaries 3,720,853 Total Employment in District Boundaries 3,422,407 Notes: Schedule excludes any county partially within the District boundaries that contributes less than 1%of total property tax revenue. Employers located in partial counties are scheduled at full employee count. Schedule excludes federal and state employees. Source:Individual County Comprehensive Annual Financial Reports,where available. Employment detail for 2013 is shown on Schedule 17. VI-22 1611' A 6 • Schedule 19 South Florida Water Management District Authorized Positions per 100,000 Population Last Ten Calendar Years Calendar Year 2005 2009 2007 2008 2009 2010 2011 2012 2013 2014 Number of Authorized Positions' 1,771 1,771 1,784 1508 1,828 1,842 1,933 1,651 1,620 1588 Population` 7,359,652 7,504525 7,617,705 7,648,679 7,609,852 7,615,667 7,669,381 7,811,608 7,891,851 7,986,730 Authorized Positions per 24 24 23 24 24 24 25 21 21 20 100,000 Population 'Number of authorized positions is a measurement utilized for budgeting purposes that includes both filled positions and planned positions.Each authorized position is equal to one full-lime employee. 'Population data is from The Office of Economic 8 Demographic Research and has been adjusted for counties with boundaries only partially within the District. Details regarding population figures can be found on Schedule 16. VI-23 1. 1611 A 6 Schedule 20 South Florida Water Management District District Employees by Resource Area and Major Program Current Fiscal Year Number of Percentage of Percentage of Resource Area i Employees Employees per Employees Major Program per Program' Resource Area District-wide Administrative Services and Executive Offices Land Stewardship 1 0.31% 0.07% Mission Support 190 59.75% 13.05% Modeling and Scientific Support 11 3.46% 0.75% Operations and Maintenance 51 16.04% 3.50% Regulation 19 5.97% 1.30% Restoration 46 14.47% 3.16% Administrative Services and Executive Offices Total 318 100.00% 21.83% Operations,Maintenance,and Construction Land Stewardship 40 5.41% 2.75% Mission Support 5 0.68% 0.34% Modeling and Scientific Support 19 2.57% 1.30% Operations and Maintenance 561 75.81% 38.50% Regulation 1 0.13% 0.07% Restoration 113 15.27% 7.76% Water Supply 1 0.13% 0.07% Operations,Maintenance,and Construction Total 740 100.00% 50.79% Regulation Regulation 151 88.82% 10.37% Restoration 19 11.18% 1.30% Regulation Total 170 100.00% 11.67% Water Resources Modeling and Scientific Support 79 34.50% 5.42% Restoration 102 44.54% 7.00% Water Supply 48 20.96% 3.29% Water Resources Total 229 100.00% 15.71% District Total 1,457 100.00% ' Number of employees includes all filled positions(including shared positions)at the end of the fiscal year. VI-24 .. 16I1 A6 ..... Schedule 21 South Florida Water Management District District Employees by Major Program Last Nine Fiscal Years Fiscal Year District Employees by Major Program Current Fiscal Year Major Program 2006 2007 2008 2009 2010 2011 2012 2013 2014 Land Stewardship 48 47 50 46 43 37 38 43 41 , Mission Support 431 427 438 445 445 321 284 214 195 Modeling&Scientific Support 120 121 114 121 124 113 102 109 109 Operations and Maintenance 578 575 603 601 615 573 625 643 612 Regulation 174 179 189 182 193 167 178 182 171 Restoration 313 332 340 338 331 320 294 301 280 Water Supply 66 61 62 61 53 36 46 52 49 District Total 1,730 1,742 1,796 1,794 1,804 1,667 1,567 1,544 1,457 ■Lend Stewardship •Mission Support OModeling&Scientific Support•Operations and Maintenance •Regulation •Restoration •Water Supply Notes: During fiscal year 2012 the District reorganized its resource area and major program structure.The prior year's data has been adjusted to present the data in the current fiscal years structure. During fiscal year 2006 the District underwent a major reorganization,affecting the resource area and major program structure. Due to that restructuring,information will be provided for fiscal year 2006 and forward. VI-25 16111 A 6 Schedule 22 South Florida Water Management District Permit Applications Received Last Ten Fiscal Years Fiscal Year Permit Category 2005 2008 2007 2008 2009 2010 2011 2012 2013 2014 Environmental Resource 2.690 2,706 2,229 1,673 1,423 1,917 1,656 2,232 2,094 2,114 Consumptive Use 2,541 2,503 3,806 3,037 2,638 2,818 2,144 1,970 1,737 1,964 SWIM&Everglades Works Of The District 20 78 51 12 4 5 26 33 6 14 Total Applications Received 5,251 5,287 6,086 4,722 4,065 4,740 3,826 4,235 3,837 4,092 Note: During fiscal year 2010 the District began to include minor permit application activities as workload indicators.This change in process also changed how permit applications are counted by the District.The permit application data shown has been adjusted retroactively to reflect this change. Source: Regulation Division of South Florida Water Management District. VI-26 1611 A 6 Schedule 23 South Florida Water Management District Water Moved by District Pump Stations Last Ten Fiscal Years Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Acre-Feet 3538 3583 1,272 3,768 3,660 3,032 1,584 3,254 4,419 3,604 (Thousands) Note: The decrease in fiscal years 2007 and 2011 is due to severe drought conditions experienced in South and Central Florida during those years. Source: Operations,Engineering 8 Construction Division of South Florida Water Management District. Water Moved 5,000 4,500 4,000 ropx.- ,\_ • 3,000 • 3,000 • 2,500 h 2,000 1,500 1,000 500 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fiscal Year VI-27 1611 A 6 Schedule 24 South Flonda Water Management District Exotic Plant Control Last Ten Fiscal Years Fiscal Year 2005 2006 2007 2006 2009 2010 2011 2012 2013 2014 Acres treated 39,077 37,350 68,053 61,070 50,538 38,015 28,284 63,111 61,489 46,580 Source: Land Stewardship Section of South Florida Water Management District Acres Treated For Exotic Plant Control 80,000 70,000 60,000 50,000 o 30,000 20,000 10,000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fiscal Year VI-28 1611 A 6 Schedule 25 South Florida Water Management District Prescribed Bums Last Ten Fiscal Years Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Acres burned 18,704 16,211 66,825 15,283 15,609 9,523 27,479 12,010 13,794 23,282 During fiscal year 2007,over 55,000 acres were burned in Lake Okeechobee as a suppression tool to combat wildfires. Source:Land Stewardship Section of South Florida Water Management Distdct. Acres Burned Through Prescribed Fire 80,000 70,000 60,000 I 50,000 - 2 40,000- 30,000- ur 20,000 10,000- 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fiscal Year VI-29 161 ` 1 A6 Schedule 26 South Florida Water Management District Stormwater Treatment Last Ten Water Years Water Year 2005 2008 2007 2008 2009 2010 2011 2012 2013 2014 Metric tons of phosphorus removed 500 300 200 100 400 300 300 260 210 312 Notes: The District is directed by the Everglades Forever Act to reduce phosphorus levels from storm runoff and other sources before C enters the Everglades Protection Area.These reductions,which began in 1994,are achieved through Stormwater Treatment Areas(STA)and Best Management Practices. A water year s the period from May 1 through April 30. Source: South Florida Water Management District Environment Report. VI-30 1611 A6 Schedule 27 South Florida Water Management District Capital Assets by Major Program Current Fiscal Year Water Intangibles- Construction Canals 8 Intangibles- Control Major Program Land Not Depreciated In Process Lewes Buildings Depreciated Equipment Improvements Structures Total Land Stewardship $ 942,098,084 $ 25,724,972 $ 2,134250 $ 28,837,293 $ 1,047,279 $ - $ 918,997 $ 3,741,250 $ 821,354 $1,005,323,479 Mission Support 1,523 - 1,126,039 - 25,521,369 7,302,407 8,074,061 1,116 - 42,026,515 Modeirg&Scientific Support - - - - 11,679,888 155,205 825,423 - - 12,660,516 Operations&Maintenance 15,418,175 1,014,803 48,068,610 373,925,178 37,782,606 212,789 17,147,442 3,583,312 323,563,674 820,716,589 Regulation - - 630,769 - - 129,068 382,635 - - 1,142,472 Restoration 1,607,442,148 43,650,774 392,845,086 299,347,637 8,471,902 817,027 13,107,369 7,665,010 489,081,150 2,862,428,103 Water Supply - - 2,614,795 - - 844 180,141 - - 2,795,780 District Total $2,584,959,930 $ 70,390,549 $ 447,419,549 $ 702,110,108 $ 84,503,044 $ 8,617,340 $ 40,636,088 $ 14,990,688 $ 813,466,178 $4,747,093,454 Note: At the beginning of fiscal year 2012 the District's programs were restructured.Al restructuring has been adjusted for in the schedule. Source: Capital asset records of South Florida Water Management District. VI-31 1611 A6 DISCLOSURE SECTION S.E.C. RULE 15c2-12 DISCLOSURES 161i A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT CONTINUING ANNUAL AND EVENT DISCLOSURES The following disclosures comply with amendments of the Securities and Exchange Commission (SEC) Rule 15c2-12 (b)(5)(i)(A) to (D). Effective in 1995, the amendments required municipal bond underwriters to gain reasonable assurance from bond issuers that they will provide annual information and notices of material events for disclosure to the secondary bond market. To enter the bond market, the District and other issuers of state and local government securities are indirectly affected by these amendments. We are using this section of the District's Comprehensive Annual Financial Report to comply with our continuing disclosure agreement. DISTRICT AGREEMENT AND EFFECTIVE DATES In respective Bond Resolutions, the District agreed to provide continuing disclosure of annual information and notices of material events upon issuing its • Special Obligation Land Acquisition Refunding Bonds, Series 2002, • Special Obligation Land Acquisition Refunding Bonds, Series 2003, and • Certificates of Participation, Series 2006. SUMMARY OF CONTINUING BOND DISCLOSURE REQUIREMENTS Notice of Annual Financial Audited Annual Notice of Failure to Provide Recipient Information Financial Statements Material Events Annual Financial Information SEC Rule 15c2-12 SEC Rule 15c2-12 SEC Rule 15c2-12 SEC Rule15c2-12 (b)(5)(i)(A) (b)(5)(i)(B) (b)(5)(i)(C) (b)(5)(i)(D) Effective FYE (1) Effective FYE(1) Effective Effective April 1 After Jan. 1, 1996 After Jan. 1, 1996 July 3, 1995 After FYE (1) Each NRMSIR (2) or the MSRB (3) X X Each NRMSIR (2) X X Paying Agent(4) X X X X Underwriters(4) X X X X (1) For the District,the date first effective was for Fiscal Year Ended (FYE) September 30, 1996. (2) Nationally Recognized Municipal Securities Information Repository. (3) Municipal Securities Rulemaking Board. (4) Required under Governing Board Resolution 95-28, Section 24, in connection with the issuance of the Special Obligation Land Acquisition Refunding Bonds, Series 1995. VII-1 161 'i A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT ANNUAL FINANCIAL INFORMATION SEC Rule 15c2-12(b)(5)(i)(A) requires annual financial information and operating data that are generally consistent with the presentation included in the Official Statements for each bond issue. The following paragraphs summarize the "Security for the Bonds" and the "Security for the Certificates" appearing in the Official Statements. Subsequent paragraphs, tables, and exhibits contain the required financial information and operating data to include: • pledged revenues, • funding and allocation of monies and deposits of the Trust Fund, and • lease payments. SECURITY FOR THE BONDS The Bonds are secured by a first lien on and payable solely from the "Pledged Revenues" as provided in the Bond Resolution. The Bonds are limited obligations of the District. As such, the District, the State of Florida, or any public body in the State shall not: • pledge its full faith and credit to the payment of bond principal, interest or premium; or • directly or indirectly be contingently obligated to levy any taxes or to make any appropriation for payment except from the pledged revenues for debt service on the Bonds. Pledged Revenues consist of all monies collected, allocated to the District, and deposited in the Water Management Lands Trust Fund (the"Trust Fund")which consist of: • a share of the Documentary Stamp Tax, • investment earnings and civil penalties. The pledged revenues equally and ratably secure the Series 2002 and 2003 Bonds. The Florida Department of Environmental Protection maintains the Trust Fund. DOCUMENTARY STAMP TAX The State of Florida imposes an excise tax on documents (the "Documentary Stamp Tax"). Under current law, the Documentary Stamp Tax is levied upon certain instruments whereby interests in real property are conveyed, original issues of stock, bonds and debentures issued in the State of Florida, promissory notes or other written obligations to pay money, and mortgages recorded in the State of Florida. In general, the amount of the Documentary Stamp Tax due with respect to an instrument is based upon the amount of indebtedness evidenced or secured thereby, or in the case of documents transferring interests in property, upon the consideration for the transfer, or, in the case of stocks and bonds, upon the face value or actual value thereof. The Documentary Stamp Tax is collected by the Florida Department of Revenue (DOR) and by the Clerks of the Circuit Courts of the counties in Florida on behalf of the DOR. The Documentary Stamp Tax is distributed, for various purposes, pursuant to a statutorily-prescribed formula. VII-2 1 6 I 1 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT Under current law, the DOR distributes the Documentary Stamp Tax collections and investment earnings, thereon, as follows: • The first 8% to the State of Florida General Revenue Fund to pay a portion of the costs of general government. • The costs of collection and enforcement of the Documentary Stamp Tax are deducted by and for the use of the Department of Revenue. • A portion of the then remaining Documentary Stamp Tax collections (including investment earnings) are required to be deposited in the Trust Fund. There is no assurance that the Florida Legislature will not change the percentage allocations to the General Fund, the Documentary Stamp Tax collections to the Trust Fund, or the percentage of the Trust Fund allocable to the District. Likewise, the Legislature could implement an appropriations bill affecting the distributions to the Trust Fund. Such changes, if made, could affect distributions to the Trust Fund. However, there exists an implied contract with the State to allocate sufficient documentary stamp revenues to cover debt service. The following table illustrates the current and historical taxation rates and percentage distribution to the Trust Fund. DOCUMENTARY STAMP TAX RATES AND TRUST FUND DISTRIBUTION Tax(Per$100) Tax(Per$100) Percent to Year Effective Stocks/Bonds/Mortgages Deeds Trust Fund 1963 $0.15 - - 1981 $0.15 $0.45 7.20% 1985 $0.15 $0.50 9.80% 1987 $0.15 $0.55 9.20% 1990 $0.32 $0.55 6.90% 1991 $0.32 $0.60 6.56% 1992 $0.35 $0.70 5.84% 2001 $0.35 $0.70 4.20% FUNDING AND ALLOCATION OF THE TRUST FUND Deposits distributed to the Trust Fund began accruing to the District and the State's other four water management districts in August 1981. Under present law, moneys from the Trust Fund (net of DEP's administrative expenses) are allocated monthly among the State's five water management districts in the following percentages: 30%- South Florida 25%- St. Johns River 25%- Southwest Florida 10% - Suwannee River 10% - Northwest Florida VII-3 16I1 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT USE OF THE TRUST FUND Expenditure of moneys from the Trust Fund is limited to payment of debt service and the acquisition, management, maintenance and capital improvement costs of certain lands included within the District's Five-Year Plan and to DEP's cost to administer the Trust Fund. Moneys in the Trust Fund not needed to meet land acquisition and management costs, or current debt service, are invested by the State Treasurer to the credit of the Trust Fund, in the manner provided by Florida law. Interest received on such investments is credited to the Trust Fund and proportionally allocated to the District. ESCROW AND RESERVE FUNDS Security for payment of debt service on outstanding bonds is provided from two sources: • an Escrow Fund within the Trust Fund and • a Surety Bond issued by AMBAC and held by the Trustee. Trust Fund Escrow An agreement between the District and the Florida Department of Environmental Protection (DEP) requires DEP to set aside and escrow from the first moneys allocable to the District in the Trust Fund, sufficient moneys for the payment of principal and interest on the Bonds becoming due in such Bond Year. DEP is obligated to pay Trust Fund moneys sufficient to pay debt service as it becomes due on the Bonds to the District's Paying Agent. However, such payment shall not exceed the District's cumulative portion of funds in the Trust Fund. Debt Service Reserve Fund/Surety Bond The Bond Resolution provides for establishment and maintenance of the Reserve Fund for the purpose of making deposits in the Debt Service Fund in the event the moneys therein are insufficient for the payment of sums due on the Bonds, and for no other purpose. Moneys on deposit in the Reserve Fund shall be maintained for the benefit of the holders of the Series 2002 and 2003 Bonds, and any parity obligations of the District issued pursuant to the Resolution. The District is required to have on deposit in the Reserve Fund an amount of money and/or Debt Service Reserve Fund Surety Bonds equal to the Reserve Fund Requirement. Beginning in 1995, the District obtained a Debt Service Reserve Fund Surety Bond to meet this requirement. The Reserve Fund Requirement is defined in the Resolution to mean, at any time, an amount equal to the lesser of: • the maximum amount of principal and interest on all outstanding bonds due in any succeeding fiscal year, or • the aggregate of ten (10%) of the original proceeds of each series of bonds. VII-4 16I1 A6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT SECURITY FOR THE CERTIFICATES OF PARTICIPATION The Series 2006 Certificates evidence undivided proportionate interests in the principal portion and interest portion of Basic Lease Payments made by the Governing Board to the Corporation under the Series 2006 Lease. The Series 2006 Certificates are secured by and payable from the Trust Estate established for the Series 2006 Certificates (the "Trust Estate") pursuant to the Trust Agreement and any amounts payable under the Financial Guaranty Insurance Policy. The Trust Estate consists of all estate, right, title and interest of the Trustee in and to the Basic Lease Payments under the Series 2006 Lease, and all amounts held in the funds and accounts under the Trust Agreement in accordance with the provisions of the Master Lease and the Trust Agreement, including investment earnings thereon, and any and all monies received by the Trustee pursuant to the Series 2006 Lease and the Trust Agreement which are not required to be remitted to the Governing Board or the Corporation pursuant to the Master Lease or the Trust Agreement. Purpose of the Series 2006 Certificates The Series 2006 Lease is entered into, and the Series 2006 Certificates issued to provide for the lease-purchase financing of the acquisition, construction, installation and equipping of certain facilities and improvements to land for the restoration, protection and preservation of the Everglades ecosystem pursuant to the Acceler8 Project; refinance certain interim financings of the District, a portion of which was used to commence construction of certain of the 2006 Facilities; and pay certain costs of issuance of the Series 2006 Certificates, including the premium on a financial guaranty insurance policy for the Series 2006 Certificates. The Series 2006 Certificates are executed and delivered pursuant to a Master Trust Agreement dated November 1, 2006, and as amended and supplemented by the Series 2006 Supplemental Trust Agreement, dated November 1, 2006. Lease Payments All Basic and Additional Lease Payments and all other amounts required to be paid by the Governing Board under the Series 2006 Lease and all other Leases are payable solely from legally available funds budgeted and appropriated by the Governing Board for such purpose. Revenues available to the Governing Board for operational purposes and capital projects such as the Series 2006 Facilities include, but are not necessarily limited to, ad valorem taxes, operating grants and contributions from various sources, including the State of Florida, and capital grants and contributions from various sources, including the State and Federal Government. VII-5 1611 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT ANNUAL DEBT SERVICE REQUIREMENTS Debt service requirements on the Series 2002 and 2003 Bonds, and Series 2006 Certificates are as follows: I ANNUAL DEBT SERVICE (Principal and Interest) REQUIREMENTS (in Millions) I Fiscal Years I Total I Series 2002 I Series 2003 I Series 2006 I 2015 $ 42.06 $ 2.53 $ 4.35 $ 35.18 2016 42.02 2.52 1 4.34 1 35.16 2017 35.14 35.14 2018 35.13 35.13 2019-2023 175.38 175.38 2024-2028 174.83 174.83 2029-2033 174.14 174.14 2034 -2037 138.70 138.70 Totals $ 817.40 $ 5.05 $ 8.69 $ 803.66 AUDITED ANNUAL FINANCIAL STATEMENTS Section II of this Comprehensive Annual Financial Report contains the District's Basic Financial Statements and related Report of Independent Certified Public Accountants. These statements are consistent with the Basic Financial Statements contained in the Official Statements in compliance with SEC Rule 15c2-12(b)(5)(i)(A)and (B). 1 Scheduled payoff—October 1, 2015. 2 Scheduled payoff—October 1, 2036. VII-6 16I16 ,. SOUTH FLORIDA WATER MANAGEMENT DISTRICT REQUIRED NOTICES The following table lists each material event and required notice defined in SEC Rule 15c2- 12(b)(5)(i)(C) and (D). The table confirms that no notice to the NRMSIR or the MSRB and the SID was required for any of the material events related to each of the indicated Land Acquisition Bond Series currently outstanding. This confirms compliance with SEC Rule 15c2-12(b)(5)(i)(C) and (D) from July 3, 1995 to the date of this report. NOTICE OF MATERIAL EVENTS LAND ACQUISITION CERTIFICATES OR FAILURE TO PROVIDE REQUIRED BONDS ANNUAL FINANCIAL INFORMATION RULE SERIES SERIES SERIES SEC. DESCRIPTION 2002 2003 2006 (C)(1) Principal and interest payment delinquencies. None None None (C)(2) Non-payment related defaults. None None None Unscheduled draws on debt service reserves reflecting (C)(3) financial difficulties. None None None Unscheduled draws on credit enhancements reflecting (C)( 4) financial difficulties. None None None Substitution of credit or liquidity providers, or their failure to (C)(5) perform. None None None Adverse tax opinions or events affecting the tax-exempt (C)(6) status of the security. None None None (C)(7) Modifications to rights of security holders. None None None (C)(8) Bond calls. None None None (C)(9) Defeasances. None None None Release, substitution, or sale of property securing (C)(10) repayment of the securities. None None None (C)(11) Ratings changes. (a) (a) (a) (C)(12) Bankruptcy, insolvency, receivership, or similar events. None None None Merger, consolidation, or acquisition involving the sale of all (C)(13) or substantially all assets, other than in the ordinary course None None None of business. Appointment of a successor or additional trustee, or the (C)(14) change of name of a trustee. None None (b) (D) Failure to provide annual financial information or None None None operating data in a timely manner. (1 Protection of the Florida Department of Environmental None None None Protection on its obligations under the Agreement. VII-7 1611 A 6 SOUTH FLORIDA WATER MANAGEMENT DISTRICT (a) During fiscal year 2011, Moody's Investor Services (Moody's) and Standard and Poor's (S&P) withdrew their ratings of the District's bond insurer, AMBAC Assurance Corporation. This rating was previously withdrawn by Fitch Ratings. During fiscal year 2012, Moody's lowered its credit rating on the District's Certificates and Land Acquisition Bonds to Aa3 from Aa2 and to A3 from Al and Fitch Ratings downgraded the rating on the District's COPS to AA- from AA. On January 14, 2014, Fitch Ratings affirmed both the AA- rating on the District's COPS and the A rating on the Land Acquisition Bonds. The rating on all District debt is based on the District's underlying "non-insured" rating for the current fiscal year as follows: • Certificates of Participation, Series 2006, rated Aa3, AA and AA- by Moody's, Standard & Poor's and Fitch, respectively. • Land Acquisition Bonds, Series 2002 and 2003, rated A3, A+ and A by Moody's, Standard & Poor's and Fitch, respectively. (b) During fiscal year 2013, U.S. Bank National Association, the lead bank of U.S. Bancorp, became the District's Trustee for the Certificates of Participation, Series 2006 when it acquired the municipal bond trustee business of Deutsche Bank,who formerly served as the District's Trustee. VII-8 1611 A6 41,14,4 s\ South Florida Water Management District 3301 Gun Club Road•West Palm Beach,Florida 33406 s �t j 561-686-8800.1-800-432-2045•www.sfwmd.gov \'Os "'��`'� MAILING ADDRESS:P.O.Box 24680•West Palm Beach,FL 33416-4680 PUBLICATION 1 /4, 1 /18, 2/1 & 2/15 CODE ENFORCEMENT' S ANNUAL NOTICE Ann P. Jennejohn From: Serrano, Marlene Sent: Monday, December 22, 2014 11:18 AM To: Ann P.Jennejohn Subject: Annual Code Enforcement Public Notice Hi Ann, It's that time of the year again to publish the Code Enforcement Public Notice about weeds or grass over 18 inches. As stated on the ordinance, this Notice needs to be published in a newspaper of general circulation for a minimum of four Sundays beginning with the first Sunday in January of each year, and on every other Sunday thereafter. The PO number for NDN is 4500153202. A PUBLIC NOTICE FROM THE CODE ENFORCEMENT DEPARTMENT OF COLLIER COUNTY, FLORIDA NOTICE ABOUT WEEDS OR GRASSES OVER 18 INCHES IN HEIGHT-ORDINANCE 2009-08 The Collier County Litter,Weed and Exotics Control Ordinance requires that all owners of developed and undeveloped lots shall control all excessive growth of grasses or weeds over 18 inches by mowing.All lots with such vegetation over 18 inches in height will be identified by a Code Enforcement Investigator and a Notice of Violation and Order to Correct may, at the County's option, be mailed to the property owner(s)or posted on the lot. If posted, a copy of this notice will also be posted at the Collier County Courthouse at 3301 Tamiami Trail E., Naples FL 34112 or the Immokalee Courthouse at 106 1st Street S. Immokalee FL, 34142, as applicable. A posted notice may, at the option of the County, be used in lieu of mailing individual letters to property owners.After ten (10)days from the date of posting or mailing, if no action is taken, the County will abate the violation by contracting for the lot to be mowed by a mowing contractor.A bill will then be sent to the lot's owner of record for the mowing fees plus an administrative fee of one hundred dollars($100.00).Additional charges can be assessed for oversized lots or extremely overgrown lots. Repeat violators may be subject to additional fees or charges, or after three violations may be included in a mandatory lot mowing program instituted by the County. The owner must remit payment for the amounts billed within twenty(20)days from the mailing of the County's invoice. If the invoiced bill is not paid within this twenty-day period a Determination Order assessing a lien will be imposed by the Special Magistrate. If certified and recorded,this Order may constitute a lien on ALL of the violator's real and personal property in Collier County.This lien may be paid without further costs,within twenty(20)days from the date of determination by the Special Magistrate for Collier County. If the lien remains unpaid after one(1)year from the date of the recording of the lien, Collier County may bring suit to foreclose the lien as set for in Chapter 173, Florida Statutes. All property owners are requested to make arrangements for the proper maintenance of their land as the practice of sending mailed Notices of Violation to owners, in particular absentee owners,will be at the option of the County. The cooperation of all affected property owners will assist in reducing the large number of complaints about such nuisances received each year by the Code Enforcement Department. Compliance with this requirement will also help to control vermin and improve the appearance of the affected areas of the unincorporated County. Any questions regarding these procedures can be addressed to the Code Enforcement Department. Phone number(239) 252-2440; located at 2800 North Horseshoe Drive, Naples, FL 34104. 1 1611B1 Ann P. Jennejohn From: Serrano, Marlene Sent: Monday, December 29, 2014 9:17 AM To: Ann P.Jennejohn Subject: RE:Annual Code Enforcement Public Notice Good morning Ann, No worries. I did it early this year..The dates for publication are correct. Hope you had a great Christmas© Marlene Serrano, MSBM Manager of Operations Growth Management Division Code Enforcement Department 2800 N. Horseshoe Drive Naples, Fl 34104 Office: 239-252-2487 Fax: 239-252-3926 From: Ann P. Jennejohn [mailto:Ann.Jennejohn@collierclerk.com] Sent: Monday, December 29, 2014 8:51 AM To: SerranoMarlene Subject: RE: Annual Code Enforcement Public Notice Hi Marlene, I was out of the office last week; I thought I had turned on my automatic "out of office" reply, but it looks as though I may have missed a step or two when I was trying to do that argh! I'll send this to NDN, but I wanted to confirm the Sunday publication date(s) with you: January 4th, January 18th, February 1st and the ad's final publication on February 15th, 2015 I'll get the ad ready to go and wait to hear from you re: the dates Thank you! Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) From: Serrano, Marlene Sent: Monday, December 22, 2014 11:18 AM To: Ann P. Jennejohn Subject: Annual Code Enforcement Public Notice 1 161 , 1 Bi Acct #068782 December 29, 2014 Attn: Legals Naples News Media 1100 Immokalee Road Naples, FL 34110 Re: Code Enforcement Department's Annual Nuisance Abatement Notice Legals: Please advertise the notice referenced above on the following (4) Sundays in 2015: January 4th, January 18th, February 1st and on Sunday, February 15th, 2015. Please send Duplicate Affidavits of Publication, together with charges involved, to this office. Thank you. Sincerely, Ann Jennejohn, Deputy Clerk P.O. #4500153202 1611 Bi A PUBLIC NOTICE FROM THE CODE ENFORCEMENT DEPARTMENT OF COLLIER COUNTY, FLORIDA NOTICE ABOUT WEEDS OR GRASSES OVER 18 INCHES IN HEIGHT (ORDINANCE 2009-08) . The Collier County Litter, Weed and Exotics Control Ordinance requires that all owners of developed and undeveloped lots shall control all excessive growth of grasses or weeds over 18 inches by mowing. All lots with such vegetation over 18 inches in height will be identified by Code Enforcement Investigator and a Notice of Violation and Order to Correct may, at the County' s option, be mailed to the property owner (s) or posted on the lot. If posted, a copy of this notice will also be posted the Collier County Courthouse at 3315 Tamiami Trail E. , Naples, Florida 34112 or the Immokalee Courthouse at 106 1st Street S . , Immokalee, Florida 34142, as applicable . A Posted notice may, at the option of the County, be used in lieu of mailing individual letters to property owners . After ten (10) days from the date of posting or mailing, if no action is taken, the County will abate the violation by contracting for the lot to be mowed by a mowing contractor. A bill will then be sent to the lot' s owner of record for the mowing fees plus an administrative fee of one hundred dollars ($100 . 00) . Additional charges can be assessed for the oversized lots or extremely overgrown lots . Repeat violators may be subject to additional fees or charges, or after three violations may be included in a mandatory lot mowing program instituted by the County. The owner must remit payment for the amounts billed within twenty (20) days from the mailing of the County' s invoice . If the invoiced bill is not paid within this twenty-day period a Determination Order assessing a lien will be imposed by the Special Magistrate . If certified and recorded, this Order may constitute a lien on ALL of the violator' s real and personal property in Collier County. If the lien remains unpaid after (1) year from the date of the recording of the lien, Collier County my bring suit to foreclose the lien as set for in Chapter 173, Florida Statutes . All property owners are requested to make arrangement for the proper maintenance of their land as the proactive of sending mailed Notices of Violation to owners, in particular absentee owners, will be at the option of the County. The cooperation of all affected property owners 161 + 1 Bi will assist in reducing the large number of complaints about such nuisances received each year by the Code Enforcement Department . Compliance with this requirement will also help to control vermin and improve the appearance of the affected areas of the unincorporated County. Any question regarding these procedures can be addressed to the Code Enforcement Department . Phone Number (239) 252- 2440; located at 2800 North Horseshoe Drive, Naples, Florida 34104 . 1611 Bi r Ann P. Jennejohn From: Ann P.Jennejohn Sent: Monday, December 29, 2014 10:24 AM To: Naples Daily News Legals Subject: Annual Code Enforcement Notice published (4) Sundays in 2015 Attachments: Annual Code Enforcement Notice 2015.doc;Annual Code Enforcement Notice (4 X 2015).doc Hi there, Please advertise the attached notice on the following (4) Sunday's in 2015: January 4th, January 18th, February 1st and lastly Sunday, February 15, 2015. Thank you! Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) 1 1611B1 Ann P. Jennejohn From: Polidora, Carol <cpolidora @naplesnews.com> Sent: Monday, December 29, 2014 2:15 PM To: Ann P.Jennejohn Subject: REVISED - Ad Confirmation Attachments: UASB2E jpg Ann, REVISED price for the January Notices. I accidentally left the first February run date on the first proof I sent you... Thanks! Carol Thank you for placing your ad. Date 12/29/14 Publication NDN Account Number 744105 Ad Number 2043968 Total Ad Cost $699.20 1 1611B1 ANNUAL CODE ENFORCEMENT NOTICE PUBLISHED JANUARY 4 & JANUARY 18, 2015 A PUBLIC NOTICE.FROM THE CODE ENFORCEMENT DEPARTMENT OF COLLIER COUNTY,FLORIDA NOTICE ABOUT WEEDS OR GRASSES OVER 18 INCHES IN HEIGHT(ORDINANCE 2009-08).The Collier County Litter,Weed and Exotics Control Ordinance requires that all owners of developed and undeveloped lots shall control all excessive growth of grasses or weeds over 18 inches by mowing.All lots with such vegetation over 18 inches in height will be identified by Code Enforcement Investigator and a Notice of Violation and Order to Correct may,at the County's option be mailed to the property owner(s)or posted on the lot. If posted, a copy of this notice will also be posted the Collier County Courthouse at 3315 Tamiarni Trail E., Naples, Florida 34112 or the Immokalee Courthouse at 106 1st Street S., Immokalee,. Florida 34142,as applicable. A Posted notice may.at the option of the County,be used in l i e u of m a i l mailing individual letters to property owners,After ten(10) days from the date of posting or mailing,if no action is taken,the County will abate the violation by c o n t r a c • ting for the lot to be mowed by a mowing contractor.A bill will then be sent to the lot's owner of record far the mowing fees plus an administrative fee of one hundred dollars(S100.00).Additional charges can be assessed for the oversized lots or extremely overgrown lots.Repeat violators may be subject to additional fees or charges,or after three violations may be included in a mandatory lot mowing program instituted by the County. The owner must remit payment for the amounts billed within twenty(20)days from the mailing of the County's invoice. If the invoiced bill is not paid within this twenty-day period a Determination Order assessing a lien will be imposed by the Special Magistrate. If certified and recorded,this Order may constitute a lien on ALL of the violator's real and personal property in Collier County. If the lien remains unpaid after(1)year from the date of the recording of the lien,Collier County my bring suit to foreclose the lien as set for in Chapter 173, Florida Statutes. All property owners are requested to make arrangement fort h e p r o p e r maintenance of their land as the proactive of sending mailed Notices of Violation to owners,in particular absentee owners,will be at the option of the County. The cooperation of all affected property owners will assist in reducing the large number of complaints about such nuisances received each year by the Code Enforcement Department.Compliance with this requirement w i I I also h e l p to control vermin and improve the appearance of the affected areas of the unincorporated County. Any question regarding these procedures can be addressed to the Code Enforcement Department.Phone Number(239)252-2440; located at 2800 North Horseshoe Drive,Naples, Florida 34104. January 4& 18,2015 No.2043968 Ann P. Jennejohn B 1 1611 From: Ann P.Jennejohn Sent: Monday, December 29, 2014 3:13 PM To: Serrano, Marlene Subject: Ad Confirmation Annual Code Enforcement Notice Attachments: UASB2E.jpg Hi Marlene, Attached is the Annual Code Enforcement Notice that will run on Sunday January 4 & January 18, 2015. NDN isn't able to set up a publication that spans over an 8-week period of time, so billing for the 4 publications will be on 2 invoices. Invoice No. 1 (Ad 2043968)will be for the January publication charges and Invoice No. 2 (Ad 2043980 - which I'll send in a minute) will include charges for the publication on February 1 & February 15, 2015. I hope this makes sense (?) Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) Original Message From: Polidora, Carol [mailto:cpolidora @naplesnews.com] Sent: Monday, December 29, 2014 2:15 PM To: Ann P. Jennejohn Subject: REVISED - Ad Confirmation Ann, REVISED price for the January Notices. I accidentally left the first February run date on the first proof I sent you... Thanks! Carol Thank you for placing your ad. Date 12/29/14 Publication NDN Account Number 744105 Ad Number 2043968 Total Ad Cost $699.20 1 I6IIB1 Ann P. Jennejohn From: Serrano, Marlene Sent: Monday, December 29, 2014 3:48 PM To: Ann P. Jennejohn Cc: Lang, Ashley Subject: RE: Ad Confirmation Annual Code Enforcement Notice Got it! Thanks, Marlene Serrano, MSBM Manager of Operations Growth Management Division Code Enforcement Department 2800 N. Horseshoe Drive Naples, Fl 34104 Office: 239-252-2487 Fax: 239-252-3926 Original Message From: Ann P. Jennejohn [mailto:Ann.Jennejohnecollierclerk.com] Sent: Monday, December 29, 2014 3:13 PM To: SerranoMarlene Subject: Ad Confirmation Annual Code Enforcement Notice Hi Marlene, Attached is the Annual Code Enforcement Notice that will run on Sunday January 4 & January 18, 2015. NDN isn't able to set up a publication that spans over an 8-week period of time, so billing for the 4 publications will be on 2 invoices. Invoice No. 1 (Ad 2043968) will be for the January publication charges and Invoice No. 2 (Ad 2043980 - which I'll send in a minute) will include charges for the publication on February 1 & February 15, 2015. I hope this makes sense (?) Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) Original Message From: Polidora, Carol [mailto:cpolidora@naplesnews.com] Sent: Monday, December 29, 2014 2:15 PM To: Ann P. Jennejohn Subject: REVISED - Ad Confirmation 1611B1 Ann P. Jennejohn From: Polidora, Carol <cpolidora @naplesnews.com> Sent: Tuesday, December 30, 2014 8:54 AM To: Ann P.Jennejohn Subject: RE: REVISED -Ad Confirmation Thanks Ann! Released... Carol Polidora I Legal Advertising Specialist 0: 239-213-6061 F: 239-325-1251 E: cpolidora @NaplesNews.com A: 1100 Immokalee Road I Naples, FL 34110 Original Message From: Ann P. Jennejohn [mailto:Ann.Jennejohn @collierclerk.com] Sent: Monday, December 29, 2014 3:57 PM To: Polidora,Carol Subject: RE: REVISED - Ad Confirmation Looks good, Carol. Please publish Ad 2043968 on January 4th and again January 18th, 2015. Thank you! Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) Original Message From: Polidora, Carol [mailto:cpolidora @naplesnews.com] Sent: Monday, December 29, 2014 2:15 PM To: Ann P. Jennejohn Subject: REVISED - Ad Confirmation Ann, REVISED price for the January Notices. I accidentally left the first February run date on the first proof I sent you... Thanks! Carol 1 161181 NAPLES DAILY NEWS CODE Published Dally A PUBLIC NOTICE FROM LLE OUNENFOLORIDENT DEPARTMENT OF Naples,FL 34110 NOTICE ABOUT WEEDS OR GRASSES OVER 18 INCHES IN HEIGHT(ORDINANCE 2009-08). The Collier County Litter, Weed and Exotics Control Ordinance requires that all owners of developed and undeveloped lots shall control all excessive growth of grasses or weeds over 18 inches by mowing.All lots with such vegetation Affidavit of Publication over 18 inches in height will be identified by Code Enforcement Investigator and a Notice of Violation and Order to Correct may,at the County's option,be mailed to the property owner(s)or posted on the lot. If posted,a copy of this notice will State of Florida also be posted the Collier County Courthouse at 3315 Tamiami Trail E., Naples, Florida 34112 or the Immokalee Courthouse at 106 1st Street S., Immokalee, Florida 34142,as applicable. Counties of Collier and Lee A Posted notice may, at the option of the County, be used in lieu of mailing individual letters to property owners.After ten(10)days from the date of posting or mailing, if no action is taken, the County will abate the violation by contrac- ting for the lot to be mowed by a mowing contractor.A bill will then be sent to the lot's owner of record for the mowing fees plus an administrative fee of one Before the undersigned they serve as the authority, personally hundred dollars ($100.00). Additional charges can be assessed for the oversized lots or extremely overgrown lots Repeat violators may be subject to additional appeared Daniel McDermott, who on oath says that she serves as fees or charges, or after three violations may be included in a mandatory pP y lot mowing program instituted by the County. Inside Sales Manager of the Naples Daily News, a daily The owner must remit payment for the amounts billed within twenty (20) days from the mailing of the County's invoice.If the invoiced bill is not paid within this newspaper published at Naples, in Collier County, Florida; twenty-day period a Determination Order assessing a lien will be imposed by the Special Magistrate. If certified and recorded, this Order may constitute a lien on distributed in Collier and Lee counties of Florida; that the ALL of the violator's real and personal property in Collier County. If the lien remains unpaid after (1) year from the date of th'e recording of the lien, Collier Count attached copy of the advertising, being a S atutes.my bring suit to foreclose the lien as set for in Chapter 173, Florida All property owners are requested to make arrangement for the proper maintenance of their land as the proactive of sending mailed Notices of Violation PUBLIC NOTICE to owners, in particular absentee owners, will be at the option of the County. The cooperation of all affected property owners will assist in reducing the large number of complaints about such nuisances received each year by the Code Enforcement Department. Compliance with this requirement will also help to control vermin and improve the appearance of the affected areas of the in the matter of PUBLIC NOTICE unincorporated County. Any question regarding these procedures can be addressed to the Code was published in said newspaper 2 times in the issue Enforcement Department. Phone Number (239) 252-2440; located at 2800 North Horseshoe Drive,Naples,Florida 34104. on January 4 and 18, 2015. January 4&18 2015 No 2041968 Affiant further says that the said Naples Daily News is a newspaper published at Naples, in said Collier County, Florida, and that the said newspaper has heretofore been continuously published in said Collier County, Florida; distributed in Collier and Lee counties of Florida, each day and has been entered as second class mail matter at the post office in Naples, in said Collier County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper. (Signature of affiant) Sworn to and subscribed before me This 3rd day of June, 2015 (Signature of notary public) Notary Public State of Florida Susan D Flora • y� Susan My Commission FF 040250 \tarp Expires 97/28/2917 1611 Bi t4 Ann P. Jennejohn From: Polidora, Carol <cpolidora @naplesnews.com> Sent: Monday, December 29, 2014 2:16 PM To: Ann P.Jennejohn Subject: Ad Confirmation Attachments: UASC91F jpg Ann, Please provide approval ASAP for publication on 02.01 and 02.15.15. Second publication of the Notices. Thanks! Carol Carol Polidora I Legal Advertising Specialist Naples Daily News 0: 239-213-6061 F: 239-325-1251 E: cpolidora @NaplesNews.com A: 1100 Immokalee Road I Naples, FL 34110 Thank you for placing your ad. Date 12/29/14 Publication NDN Account Number 744105 Ad Number 2043980 Total Ad Cost $699.20 1 1 6 11 Bi ANNUAL CODE ENFORCEMENT NOTICE PUBLISHED FEBRUARY 1 & FEBRUARY 15, 2015 A PUBLIC NOTICE FROM THE CODE.ENFORCEMENT DEPARTMENT OF COLLIER COUNTY,FLORIDA NOTICE ABOUT WEEDS OR GRASSES OVER 18 INCHES IN HEIGHT(ORDINANCE 2009-08).The Collier County Litter,Weed and Exotics Control Ordinance requires that all owners of developed and undeveloped lots shall control all excessive growth of grasses or weeds over 18 inches by mowing.All lots with such vegetation over 18 inches in height will be identified by Code Enforcement Investigator and a Notice of Violation and Order to Correct may,at the County's option,be mailed to the property owner(s)or posted on the lot. If posted,a copy of this notice will also be posted the Collier County Courthouse at 3315 Tamiami Trail E., Naples, Florida 34112 or the Immokalee Courthouse at 106 1st Street S., Immokalee, Florida 34142,as applicable. A Posted notice may.at the option of the County,be used in lieu of mailing individual letters to property owners.After ten(10)days from the date of posting or mailing,if no action is taken,the County will abate the violation by contracting for the lot to be mowed by a mowing contractor.A bill will then be sent to the lots owner of record for the mowing fees plus an administrative fee of one hundred dollars($100:00).Additional charges can be assessed for the oversized lots or extremely overgrown lots.Repeat violators may be subject to additional fees or charges,or after three violations may be included in a mandatory lot mowing program instituted by the County. The owner must remit payment for the amounts billed within twenty(20)days from the mailing of the County's invoice. If the invoiced bill is not paid within this twenty-day period a Determination Order assessing a lien will be imposed by the Special Magistrate. If certified and recorded, this Order may constitute a lien on ALL of the violator's real and personal property in Collier County. If the lien remains unpaid after(1)year from the date of the recording of the lien,Collier County my bring suit to foreclose the lien as set for in Chapter 173, Florida Statutes. All. owners are requested to make arrangement for the proper maintenance of their land as the proactive of sending mailed Notices of Violation to owners,in particular absentee owners, will be at the option of the County. The cooperation of all affected property owners will assist in reducing the large number of complaints about such nuisances received each year by the Code Enforcement Department.Compliance with this requirement wi I I also help to control vermin and improve the appearance of the affected areas of the unincorporated County. Any question regarding these procedures can be addressed to the Code Enforcement Department.Phone Number(239)252-2440; located at 2800 North Horseshoe Drive,Naples, Florida 34104, February 1 & 15,2015 No.2043980 I B Ann P. Jennejohn I 6 I From: Serrano, Marlene Sent: Monday, December 29, 2014 3:49 PM To: Ann P. Jennejohn Subject: RE: Ad Confirmation Annual Code Enforcement Notice Good to go! Thank you Ann:) Marlene Serrano, MSBM Manager of Operations Growth Management Division Code Enforcement Department 2800 N. Horseshoe Drive Naples, Fl 34104 Office: 239-252-2487 Fax: 239-252-3926 Original Message From: Ann P. Jennejohn [mailto:Ann.Jennejohn @collierclerk.com] Sent: Monday, December 29, 2014 3:18 PM To: SerranoMarlene Subject: Ad Confirmation Annual Code Enforcement Notice and here's the ad that will be published on February 1st and February 15th, 2015. Please let me know if the notices meet your approval at your earliest convenience. Thanks Marlene! Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) Original Message From: Polidora, Carol [mailto:cpolidora @naplesnews.com] Sent: Monday, December 29, 2014 2:16 PM To: Ann P. Jennejohn Subject: Ad Confirmation Ann, 1 1611 B1 Ann P. Jennejohn From: Polidora, Carol <cpolidora @naplesnews.com> Sent: Tuesday, December 30, 2014 9:10 AM To: Ann P.Jennejohn Subject: RE:Ad Confirmation Thanks Ann! Released... Carol Polidora I Legal Advertising Specialist 0: 239-213-6061 F: 239-325-1251 E: cpolidora @NaplesNews.com A: 1100 Immokalee Road I Naples, FL 34110 Original Message From: Ann P. Jennejohn [mailto:Ann.Jennejohn @collierclerk.com] Sent: Monday, December 29, 2014 3:59 PM To: Polidora, Carol Subject: RE: Ad Confirmation This one looks good too; please publish Ad 2043980 on February 1st and on Sunday, February 15th, 2015 Thanks again! Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) Original Message From: Polidora, Carol [mailto:cpolidora @naplesnews.com] Sent: Monday, December 29, 2014 2:16 PM To: Ann P. Jennejohn Subject: Ad Confirmation Ann, Please provide approval ASAP for publication on 02.01 and 02.15.15. Second publication of the Notices. Thanks! Carol Carol Polidora I Legal Advertising Specialist Naples Daily News 0: 239-213-6061 F: 239-325-1251 E: cpolidora @NaplesNews.com 1 1611 Bi NOTICE NOTICE A PUBLIC NOTICE FROM THE CODE ENFORCEMENT DEPARTMENT NAPLES DAILY NEWS OF COLLIER COUNTY,FLORIDA Published Daily NOTICE ABOUT OR GRASSES INCHES e e009- ) Collier County Litter, ed and E Control Ordinance(ORDINANCE Naples,FL 34110 that all owners of developed and undeveloped lots shall control all excessive growth of grasses or weeds over 18 inches by mowing.All lots with such vegetation over 18 inches in height will be identified by Code Enforcement Investigator and a Notice of Violation and Order to Correct may,at.the County's option,be mailed to the property owner(s)or posted on the lot. If posted, a copy of this notice will Affidavit of Publication also be posted the Collier County Courthouse at 3315 Tamiami Trail E., Naples, Florida 34112 or the Immokalee Courthouse at 106 1st Street S., Immokalee, Florida 34142,as applicable. • State of Florida A Posted notice may, at the option of the County, be used in lieu of mailing individual letters to property owners.After ten (10)days from the date of posting Counties of Collier and Lee or mailing,.if no action is taken,the County will abate the violation by contracting for the lot to be mowed by a mowing contractor.A bill will then be sent to the lot's owner of record for the mowing fees plus an administrative fee of one hundred dollars ($100.00). Additional charges can be assessed for the oversized lots or extremely overgrown lots. Repeat violators may be subject to additional Before the undersigned they serve as the authority, personally fees or charges, or after three violations may be included in a mandatory y y p y lot mowing program instituted by the County. appeared Daniel McDermott, who on oath says that she serves as The owner must remit payment for the amounts billed within twenty (20) days from the mailing of the County's invoice. If the invoiced bill is not aid within this Inside Sales Manager of the Naples Daily News, a daily t enty-day period a Determination Order assessing a lien will be imposed by the Special Magistrate. If certified and recorded, this Order may constitute a lien on newspaper published at Naples, in Collier County, LL of the violator's real and personal property in Collier County. If the lien > > Florida;; remains unpaid after (1) year from the date of the recording of the lien, Collier distributed in Collier and Lee counties of Florida; that the St tutes.my bring suit to foreclose the lien as set for in Chapter 173, Florida attached copy of the advertising, being a All property owners are requested to make arrangement for the proper maintenance of their land as the proactive of sending mailed Notices of Violation ' to The owners, in particular absentee owners, will be at the option of the County. cooperation of complaints about affected property pnuisanesowners reeived assist eachn yearucbyg the Code PUBLIC NOTICE Enforcement Department. Compliance with this requirement will also help to control vermin and improve the appearance of the affected areas of the unincorporated County. Any question regarding these procedures can be addressed to the Code in the matter of PUBLIC NOTICE Enforcement Department. Phone Number (239) 252-2440; located at 2800 North Horseshoe Drive,'Naples,Florida 34104. was published in said newspaper 2 times in the issue Fearuary 1&15 7015 No 7043980 on February 1 and 15, 2015. Affiant further says that the said Naples Daily News is a newspaper published at Naples, in said Collier County, Florida, and that the said newspaper has heretofore been continuously published in said Collier County, Florida; distributed in Collier and Lee counties of Florida, each day and has been entered as second class mail matter at the post office in Naples, in said Collier County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publi • in the said newspap�� (Signature of affiant) Sworn to and subscribed before me This 3rd day of June, 2015 (Signature of notary public) j0 N Notary Public State of Florida ViSusan D Flora o-fsc My Commission FF 040250 '40,f Expires 07/28/2017 COLLIER COUNTY FLORID, pUgTISHED MAY 3 REQUEST FOR LEGAL ADVERTISING OF Pt NOTICE OF MEETING .� INAL ORDER 201 5-01 To: Clerk to the Board: Please place the following as a: -; Teresa L. Cannon iou821 From: Lang,Ashley Sent: Monday, April 27, 2015 5:15 PM To: Minutes and Records Cc: Kovensky, Kenneth Subject: Legal Advertisement for CCWWA Meeting on 05/13/15 Attachments: Request for Legal Advertising of Public Hearings for Final Order 2015-01.pdf; Final Order 2015-01.docx Good Afternoon, I need to have this ad run for our May 13, 2015 Collier County Water and Wastewater Authority meeting. I will need to have it ran on Sunday May 3, 2015. Once the final order is approved, I will forward the signed off order. Let me know if I need to provide you with anything else. Kindest Regards, Ashley Ashley Lang Budget Analyst Collier County Growth Management Department Operations& Regulatory Management Division 2800 Horseshoe Drive North Naples, FL 34104 Phone: (239)252-2302 Fax: (239) 252-3047 Under Florida Law,e-mail addresses are public records.If you do not want your e-mail address released in response to a public records request,do not send electronic mail to this entity.Instead,contact this office by telephone or in writing. 1 1611B2 FINAL ORDER NO.2015-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY A FINAL ORDER OF THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY, PURSUANT TO SECTION 1-6, COLLIER COUNTY ORDINANCE NO. 96-6, AS AMENDED, PROVIDING FOR THE ADOPTION OF THE 2015 PRICE INDEX FACTOR SET ANNUALLY BY THE FLORIDA PUBLIC SERVICE COMMISSION, FOR UTILIZATION IN PRICE INDEX RATE APPLICATIONS FOR NONEXEMPT WATER AND/OR WASTEWATER UTILITIES PROVIDING SERVICE IN UNINCORPORATED COLLIER COUNTY AND THE CITY OF MARCO ISLAND, FLORIDA. WHEREAS, Collier County Ordinance No. 96-6, as amended, provides for the Collier County Water and Wastewater Authority (AUTHORITY) to adopt a price index factor for water and/or wastewater utilities on or before May 15 ' of each calendar year for the utilization in price index rate application; and WHEREAS, Collier County Ordinance No. 96-6, as amended, provides that the price index factor shall be equivalent to the price index factor set annually by the Florida Public Service Commission(COMMISSION); and WHEREAS, the COMMISSION issued Order No. PSC-15-0072-PAA-WS on January 27, 2015, establishing the 2015 Price Index of 1.57 percent for water and/or wastewater utilities; to be effective February 16, 2015. NOW, THEREFORE, IT IS HEREBY ORDERED by the Collier County Water and Wastewater Authority, in public meeting assembled, that: 1. The 2015 Price Index is 1.57 percent. 2. Any water and/or wastewater utility that intends to increase its rates by implementation of this price index must notify the AUTHORITY on or after the effective date of this Final Order of such intent and shall apply the 2015 Price Index to applicable 2014 calendar year operation and maintenance expenses. 3. Utilities using the 2015 Price Index shall use the forms attached as Appendices "A", `B", "C" and "D", and shall follow all price index application requirements specified in Collier County Ordinance No. 96-06, as amended, before implementing any index. 4. This Order shall become effective upon adoption by the AUTHORITY and shall remain in effect until the AUTHORITY authorizes a change. 1 6 1! 1 B2 ATTACHMENT "A" Final Order No. 2015-01 RE: Establishment of 2015 Price Index Factor April 27,2015 Collier County Water and Wastewater Authority 16 '11B2 This Final Order adopted this 13th day of May, 2015, after motion, second, and majority vote favoring the same. Approved as to form COLLIER COUNTY WATER AND and legality: WASTEWATER AUTHORITY Scott Stone DR. SHERWIN RITTER, CHAIRMAN Assistant County Attorney APPENDIX"A" 161 1 B 2015 PRICE INDEX APPLICATION TEST YEAR ENDED DECEMBER 31, 20141 Utility: WATER SEWER 2014 Operation and maintenance Expenses (O&M) _ LESS: (a) Pass-Through Items: (1) Purchased Power (2) Purchased Water (3) Purchased Sewage Treatment (4) Other2: (b) Rate Case Expenses Included In 2014 Expenses (c)Adjustments to O&M Expenses from last rate case, if applicable: (1) (2) Costs to be Indexed Multiply by the 2015 Price Index Factor 0.0157 0.0157 Indexed Costs Add: Pass-Through Items Total of Indexed Costs and Pass-Through Items Divide Total of Indexed Costs and Pass-Through Items by Expansion Factor for Regulatory Assessment Fees 0.970 0.970 Increase in Revenue Divide by 2014 Annualized Revenue3 Percentage Increase in Rates 'This amount should be for the calendar year 2014. If the utility is on a fiscal year, a pro rata distribution between the utility's two affected annual reports should be included as a supplemental attachment. The annual reports or general ledgers should be used as the source document(s). The utility is required to send a worksheet showing the pro rata distribution. 2If applicable, deduct on this line any other expenses for which a pass-through has been received. Specify the type of expense, which is being deducted. 31f rates changed during or subsequent to calendar year 2014, the book revenues must be adjusted to show the changes and an explanation of the calculation should be attached to this form. (See Appendix `B"for instructions and sample format.) APPENDIX"B" 16 I I ^ 2 ANNUALIZED REVENUE WORKSHEET Have rates charged for customer services changed since January 1, 2014? ( ) If no, the utility should use actual revenues. This form may be disregarded. ( ) If yes,the utility must annualize its revenues. Complete the remainder of this form. Annualizing calculates the revenue the utility would have earned based upon 2014 customer consumption at the most current rates in effect. To complete this calculation, the utility will need consumption data for 2014 to apply to the existing rate schedule. Below is a sample, which may be used. CALCULATION OF ANNUALIZED REVENUES1 Number of Bills/ Current Annualized Gallons Sold x Rates Revenues Residential Bills: 5/8"x 3/4"meters 1"meters 1 %2"meters 2"meters Total No. Bills 2 2 2 Gallons Sold Other Revenue General Service: 5/8"x 3/4"meters 1"meters 1 %2"meters 2"meters 3"meters 4"meters 6"meters Total No. Bills 2 2 2 Gallons Sold Other Revenue Total Annualized Revenues for 2014 $ Annualized revenues must be calculated separately if the utility consists of both a water system and a sewer system. This form is designed specifically for utilities using a base facility charge rate structure. If annualized revenues must be calculated and further assistance is needed, contact the Utility Regulation Staff at(239) 252-2302. 2Complete only if billing charge is separate. APPENDIX"C" 16 I 1 B 2 AFFIDAVIT I, , UNDER OATH hereby affirms that I am the duly authorized representative of and that the figures and calculations upon which the change in rates is based are accurate and that the change will not cause said to exceed its last authorized or calculated rate of return, pursuant to Section I-6 (I) (4), Collier County Ordinance No. 96-06, as amended, which is %. This affidavit is made pursuant to this utility's request for a 2015 price index rate increase. Title (Print Name) Subscribed and sworn(or affirmed)to before me by on , 20 , who ❑ is personally known to me ❑ produced as identification (Printed Name of Notary) My Commission Expires: APPENDIX"D" 1611 B 2 NOTICE TO CUSTOMERS On May 13th, 2015, the Collier County Water and Wastewater Authority adopted provisions permitting water and sewer utilities to adjust the rates it charges to its customers without those customers bearing the additional expense of a public hearing. The adjustments in rates would depend on increases or decreases in non-controllable expenses subject to inflationary pressures such as chemicals, and other operational and maintenance costs. On , filed notice of intent with the Growth Management Division Planning & Regulation(GMD) Department of Operations and Regulatory Management, to increase water and wastewater rates as a result of this action. If acknowledged and approved by the Collier County Water and Wastewater Authority, water rates will increase by approximately % and wastewater rates by %. The adjusted rates should be reflected on your bill. Should you have any questions, please contact your local utility office. Be sure to have your account number handy for quick reference. Customers may also direct inquiries to the GMD Division of Operations and Regulatory Management, 2800 N. Horseshoe Dr.,Naples, Florida 34104 at(239) 252-2302. 1611 B � Acct. #068784 April 28, 2015 Attn: Legals Naples News Media Group 1100 Immokalee Road Naples, Florida 34110 RE: Notice of Meeting and Final Order No. 2015-01 Dear Legals: Please advertise the above referenced notice on Sunday, May 3, 2015, and send the Affidavit of Publication, in DUPLICATE, with charges involved to this office. Thank you. Sincerely, Ann Jennejohn, Deputy Clerk P.O. #4500153555 161 ) 1 82 NOTICE OF PUBLIC MEETING AND FINAL ORDER NO. 2015-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE, NAPLES, FL 34104 CONFERENCE ROOM 609/610 WEDNESDAY, MAY 13, 2015 11:00 A.M. A FINAL ORDER OF THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY, PURSUANT TO SECTION 1-6, COLLIER COUNTY ORDINANCE NO. 96-6, AS AMENDED, PROVIDING FOR THE ADOPTION OF THE 2015 PRICE INDEX FACTOR SET ANNUALLY BY THE FLORIDA PUBLIC SERVICE COMMISSION, FOR UTILIZATION IN PRICE INDEX RATE APPLICATIONS FOR NON-EXEMPT WATER AND/OR WASTEWATER UTILITIES PROVIDING SERVICE IN UNINCORPORATED COLLIER COUNTY AND THE CITY OF MARCO ISLAND, FLORIDA. COLLIER COUNTY WATER AND WASTEWATER AUTHORITY DR. SHERWIN RITTER, CHAIRMAN APRIL 27,2015 1611 B2 Ann P. Jennejohn From: Ann P.Jennejohn Sent: Tuesday,April 28, 2015 10:15 AM To: Naples Daily News Legals Subject: Notice of Meeting and Final Order 2015-01 Attachments: Notice of Final Order 2015-01.doc; Notice of Final Order 2015-01 (CCWWA).doc Good Morning, Please advertise the attached on Sunday, May 3, 2015. Thank you! Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) 1 1611 B2 f � Ann P. Jennejohn From: Polidora, Carol <carol.polidora @naplesnews.com> Sent: Thursday,April 30, 2015 3:29 PM To: Ann P.Jennejohn Subject: Ad Confirmation Attachments: UASF3E4 jpg Hi Ann! Please provide approval ASAP for publication on 05.03.15. Thanks! Carol Carol Polidora I Legal Advertising Specialist Naples Daily News 0: 239-213-6061 F: 239-325-1251 E: cpolidora @NaplesNews.corn A: 1100 Immokalee Road I Naples, FL 34110 Thank you for placing your ad. Date 04/30/15 Publication NON Account Number 744107 Ad Number 2056852 Total Ad Cost $159.60 1 1611B2 WATER AND WASTEWATER AUTHORITY NOTICE OF MEETING AND FINAL ORDER 2015-01 NOTICE OF PUBLIC MEETING AND FINAL ORDER NO.2015-01 COLDER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE,NAPLES,FL 34104 CONFERENCE ROOM 609/610 WEDNESDAY,MAY 13,2015 11:00 A.M. A FINAL ORDER OF THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY, PURSUANT TO SECTION 1-6, COLLIER COUNTY ORDINANCE NO. 96-6, AS AMENDED, PROVIDING FOR THE ADOPTION OF THE 2015 PRICE INDEX FACTOR SET ANNUALLY BY THE FLORIDA PUBLIC SERVICE COMMISSION, FOR UTILIZATION IN PRICE INDEX RATE APPLICATIONS FOR NON EXEMPT WATER AND/OR WASTEWATER UTILITIES PROVIDING SERVICE IN UNINCORPORATED COLLIER COUNTY AND THE CITY OF MARCO ISLAND, FLORIDA. COWER COUNTY WATER AND WASTEWATER AUTHORITY DR.SHERWIN RITTER,CHAIRMAN APRIL 27,2015 May 3,2015 No.2056852 1611 BZ Ann P. Jennejohn From: Ann P.Jennejohn Sent: Thursday,April 30, 2015 4:12 PM To: Lang,Ashley Subject: RE: Legal Ad - CCWWA Notice of Meeting & Final Order 2015-01 Thank you Ashley. I'll send you an original "Affidavit of Publication" from the newspaper for your records as soon as I receive them. Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) Original Message From: Lang, Ashley Sent: Thursday, April 30, 2015 3:44 PM To: Ann P. Jennejohn Subject: RE: Legal Ad - CCWWA Notice of Meeting & Final Order 2015-01 Hello Ann, Looks great. You are ok to proceed. Thanks, Ashley Original Message From: Ann P. Jennejohn [mailto:Ann.Jennejohn@collierclerk.com] Sent: Thursday, April 30, 2015 3:42 PM To: LangAshley Subject: Legal Ad - CCWWA Notice of Meeting & Final Order 2015-01 Hi Ashely, Attached is the Water and Wastewater Authority's Notice of Public Meeting and Final Order 2015-01 (legal notice)that will be published this coming Sunday, May 3rd, 2015. Please review a.s.a.p. and send me your approval or let me know of any corrections that need to be made. Thank you! 1 1611 B ? Ann P. Jennejohn From: Ann P.Jennejohn Sent: Thursday,April 30, 2015 4:14 PM To: 'Polidora, Carol' Subject: RE:Ad Confirmation Looks great Carol! Please publish this Sunday, May 3rd, 2015. Thank you :) Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) Original Message From: Polidora,Carol Imailto:carol.polidora@naplesnews.com] Sent: Thursday, April 30, 2015 3:29 PM To: Ann P. Jennejohn Subject: Ad Confirmation Hi Ann! Please provide approval ASAP for publication on 05.03.15. Thanks! Carol Carol Polidora I Legal Advertising Specialist Naples Daily News 0: 239-213-6061 F: 239-325-1251 E: cpolidora @NaplesNews.com A: 1100 Immokalee Road I Naples, FL 34110 Thank you for placing your ad. Date 04/30/15 Publication NDN Account Number 744107 Ad Number 2056852 Total Ad Cost $159.60 1 1611 B2 Ann P. Jennejohn From: Polidora, Carol <carol.polidora @naplesnews.com> Sent: Friday, May 01, 2015 11:50 AM To: Ann P.Jennejohn Subject: RE:Ad Confirmation Thanks Ann! Released... Carol Carol Polidora I Legal Advertising Specialist 0: 239-213-6061 F: 239-325-1251 E: cpolidora @NaplesNews.com A: 1100 Immokalee Road I Naples, FL 34110 Original Message From: Ann P. Jennejohn [mailto:Ann.Jennejohn @collierclerk.com) Sent: Thursday, April 30, 2015 4:14 PM To: Polidora, Carol Subject: RE: Ad Confirmation Looks great Carol! Please publish this Sunday, May 3rd, 2015. Thank you :) Ann Jennejohn, Deputy Clerk Clerk of the Circuit Court Clerk of the Value Adjustment Board Collier County Minutes & Records Dept. 239-252-8406 239-252-8408 (Fax) Original Message From: Polidora,Carol (mailto:carol.polidora @ naplesnews.com] Sent: Thursday, April 30, 2015 3:29 PM To: Ann P. Jennejohn Subject: Ad Confirmation Hi Ann! Please provide approval ASAP for publication on 05.03.15. Thanks! Carol Carol Polidora I Legal Advertising Specialist Naples Daily News i 1611 B2 NAPLES DAILY NEWS Published Daily Naples,FL 34110 Affidavit of Publication State of Florida Counties of Collier and Lee Before the undersigned they serve as the authority,personally appeared Daniel McDermott, who on oath says that she serves as Inside Sales Manager of the Naples Daily News, a daily newspaper published at Naples, in Collier County, Florida; distributed in Collier and Lee counties of Florida; that the attached copy of the advertising, being a PUBLIC NOTICE in the matter of PUBLIC NOTICE was published in said newspaper 1 time in the issue on May 3, 2015. Affiant further says that the said Naples Daily News is a newspaper published at Naples, in said Collier County, Florida, and that the said newspaper has heretofore been continuously published in said Collier County, Florida; distributed in Collier and Lee counties of Florida, each day and has been entered as second class mail matter at the post office in Naples, in said Collier County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for pu. • • '.n in the said newspaper. / NOTICE OF MEETING NOTICE OF MEETING ,� NOTICE OF PUBUC MEETING AND FINAL ORDER NO.2015-01 / i. —.I COLDER COUNTY WATER AND WASTEWATER AUTHORITY 2800 NORTH HORSESHOE DRIVE,NAPLES,FL 34104 (Signatu - o affiant) CONFERENCE ROOM 609/610 WEDNESDAY,MAY 13,2015 11:00 A.M. • A FINAL ORDER OF THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY, PURSUANT TO SECTION 1-6, COLLIER COUNTY ORDINANCE NO. 96-6, AS AMENDED, PROVIDING FOR THE ADOPTION OF THE 2015 PRICE INDEX FACTOR SET Sworn to and subscribed before me ANNUALLY BY THE FLORIDA PUBLIC SERVICE COMMISSION, FOR UTILIZATION IN This 3rd day of June, 201 5 PRICE INDEX RATE APPLICATIONS FOR NON-EXEMPT WATER AND/OR WASTEWATER UTILITIES PROVIDING SERVICE IN UNINCORPORATED COLLIER COUNTY AND THE CITY OF MARCO ISLAND,FLORIDA. ^ COLLIER COUNTY WATER AND WASTEWATER AUTHORITY f f� DR.SHERWIN RITTER,CHAIRMAN APRIL 27,2015 (Signature of notary public) May 3 2015 No 2056852 ' cy 44 Notary Public State of Florida Susan D Flora My Commi o, . Expires 07/ssion/226017 FF 040250 1611 BZ 11 Z0i51 FINAL ORDER NO. 2015-01 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY A FINAL ORDER OF THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY, PURSUANT TO SECTION 1-6, COLLIER COUNTY ORDINANCE NO. 96-6, AS AMENDED, PROVIDING FOR THE ADOPTION OF THE 2015 PRICE INDEX FACTOR SET ANNUALLY BY THE FLORIDA PUBLIC SERVICE COMMISSION, FOR UTILIZATION IN PRICE INDEX RATE APPLICATIONS FOR NONEXEMPT WATER AND/OR WASTEWATER UTILITIES PROVIDING SERVICE IN UNINCORPORATED COLLIER COUNTY AND THE CITY OF MARCO ISLAND,FLORIDA. WHEREAS, Collier County Ordinance No. 96-6, as amended, provides for the Collier County Water and Wastewater Authority (AUTHORITY) to adopt a price index factor for water and/or wastewater utilities on or before May 15`h of each calendar year for the utilization in price index rate application; and WHEREAS, Collier County Ordinance No. 96-6, as amended, provides that the price index factor shall be equivalent to the price index factor set annually by the Florida Public Service Commission(COMMISSION); and WHEREAS, the COMMISSION issued Order No. PSC-15-0072-PAA-WS on January 27, 2015, establishing the 2015 Price Index of 1.57 percent for water and/or wastewater utilities; to be effective February 16, 2015. NOW, THEREFORE, IT IS HEREBY ORDERED by the Collier County Water and Wastewater Authority, in public meeting assembled, that: 1. The 2015 Price Index is 1.57 percent. 2. Any water and/or wastewater utility that intends to increase its rates by implementation of this price index must notify the AUTHORITY on or after the effective date of this Final Order of such intent and shall apply the 2015 Price Index to applicable 2014 calendar year operation and maintenance expenses. 3. Utilities using the 2015 Price Index shall use the forms attached as Appendices "A", "B", "C" and "D", and shall follow all price index application requirements specified in Collier County Ordinance No. 96-06, as amended, before implementing any index. 4. This Order shall become effective upon adoption by the AUTHORITY and shall remain in effect until the AUTHORITY authorizes a change. 1611 82 This Final Order adopted this 13th day of May, 2015, after motion, second, and majority vote favoring the same. Approved as to form COLLIER COUNTY WATER AND and egality: WASTEWATER AUTHORITY Sc. Stone PAT CIA SHERRY, VICE CHAIRMAN Assistant County Attorney II � 14 1611 B2 ATTACHMENT "A" Final Order No.2015-01 RE: Establishment of 2015 Price Index Factor April 27,2015 Collier County Water and Wastewater Authority APPENDIX"A" 1611 82 r- 2015 PRICE INDEX APPLICATION TEST YEAR ENDED DECEMBER 31, 20141 Utility: WATER SEWER 2014 Operation and maintenance Expenses(O&M) LESS: (a) Pass-Through Items: (1) Purchased Power (2) Purchased Water (3) Purchased Sewage Treatment (4) Other2: (b) Rate Case Expenses Included In 2014 Expenses (c)Adjustments to O&M Expenses from last rate case, if applicable: (1) (2) Costs to be Indexed Multiply by the 2015 Price Index Factor 0.0157 0.0157 Indexed Costs Add: Pass-Through Items Total of Indexed Costs and Pass-Through Items Divide Total of Indexed Costs and Pass-Through Items by Expansion Factor for Regulatory Assessment Fees 0.970 0.970 Increase in Revenue Divide by 2014 Annualized Revenue3 Percentage Increase in Rates 'This amount should be for the calendar year 2014. If the utility is on a fiscal year, a pro rata distribution between the utility's two affected annual reports should be included as a supplemental attachment. The annual reports or general ledgers should be used as the source document(s). The utility is required to send a worksheet showing the pro rata distribution. 2If applicable, deduct on this line any other expenses for which a pass-through has been received. Specify the type of expense,which is being deducted. 31f rates changed during or subsequent to calendar year 2014, the book revenues must be adjusted to show the changes and an explanation of the calculation should be attached to this form. (See Appendix "B" for instructions and sample format.) � » 1611 B2 APPENDIX"B" ANNUALIZED REVENUE WORKSHEET Have rates charged for customer services changed since January 1, 2014? ( ) If no,the utility should use actual revenues. This form may be disregarded. ( ) If yes,the utility must annualize its revenues. Complete the remainder of this form. Annualizing calculates the revenue the utility would have earned based upon 2014 customer consumption at the most current rates in effect. To complete this calculation, the utility will need consumption data for 2014 to apply to the existing rate schedule. Below is a sample, which may be used. CALCULATION OF ANNUALIZED REVENUES' Number of Bills/ Current Annualized Gallons Sold x Rates Revenues Residential Bills: 5/8"x'/a"meters 1"meters 1 ''/z"meters 2"meters Total No. Bills 2 2 2 Gallons Sold Other Revenue General Service: 5/8"x'/."meters 1"meters 1 '/2"meters 2"meters 3"meters 4"meters 6"meters Total No. Bills 2 2 2 Gallons Sold Other Revenue Total Annualized Revenues for 2014 'Annualized revenues must be calculated separately if the utility consists of both a water system and a sewer system. This form is designed specifically for utilities using a base facility charge rate structure. If annualized revenues must be calculated and further assistance is needed,contact the Utility Regulation Staff at(239)252-2302. 2Complete only if billing charge is separate. K » 1 6 i I. B 2 APPENDIX c AFFIDAVIT I, , UNDER OATH hereby affirms that I am the duly authorized representative of and that the figures and calculations upon which the change in rates is based are accurate and that the change will not cause said to exceed its last authorized or calculated rate of return, pursuant to Section I-6 (I) (4), Collier County Ordinance No. 96-06, as amended, which is %. This affidavit is made pursuant to this utility's request for a 2015 price index rate increase. Title (Print Name) Subscribed and sworn (or affirmed) to before me by on , 20 , who ❑ is personally known to me ❑ produced as identification (Printed Name of Notary) My Commission Expires: APPENDIX"D" B a 1611 4. NOTICE TO CUSTOMERS On May 13th, 2015, the Collier County Water and Wastewater Authority adopted provisions permitting water and sewer utilities to adjust the rates it charges to its customers without those customers bearing the additional expense of a public hearing. The adjustments in rates would depend on increases or decreases in non-controllable expenses subject to inflationary pressures such as chemicals, and other operational and maintenance costs. On , filed notice of intent with the Growth Management Department (GMD) Operations & Regulatory Management Division, to increase water and wastewater rates as a result of this action. If acknowledged and approved by the Collier County Water and Wastewater Authority, water rates will increase by approximately % and wastewater rates by %. The adjusted rates should be reflected on your bill. Should you have any questions, please contact your local utility office. Be sure to have your account number handy for quick reference. Customers may also direct inquiries to the GMD Operations & Regulatory Management Division, 2800 Horseshoe Drive North,Naples, Florida 34104 at(239)252-2302. 1611 B3 i_ _fa' �, ., GREATER NAPLES FIRE RESCUE DISTRICT w ADMINISTRATIVE HEADQUARTERS { ■ 14575 Collier Boulevard • Naples,FL 34119 t. 74, -, Phone: (239)348-7540 Fax: (239)348-7546 r �. Kingman Schmidt,Fin Chief May 21, 2015 Auditor General's Office Local Government Audits/342 1015 Claude Pepper Building, Room 401 111 West Madison Street By �j � Tallahassee, Florida 32399-1450 ?� Dear Sir/Madam: The firm of Phillips Harvey Group recently did a 2013/2014 fiscal year audit for the Golden Gate Fire Control & Rescue District. The Fire District received the completed audit report on May 12, 2015. As a matter of record, the Golden Gate Fire Control & Rescue District has complied with the Rules of the Auditor General Chapter 10.550. As required by the Rules of the Auditor General (Section 10.554(g) (6) c. and,10.556), the Golden Gate Fire Control & Rescue District is continually monitoring its financial condition. Sincerely, LiOir;IL ishop I Deputy Director TB/pm RECEIVED MAY 2 ? 2015 FINANCE 1611 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT FINANCIAL STATEMENTS SEPTEMBER 30, 2014 1611 B3 4 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT TABLE OF CONTENTS SEPTEMBER 30. 2014 PAGE PART I. FINANCIAL SECTION Independent Auditors'Report 1 Management's Discussion and Analysis(MD&A) 4 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Position 12 Statement of Activities 13 Fund Financial Statements: Balance Sheet-Governmental Funds 14 Statement of Revenues, Expenditures and Changes in Fund Balances-Governmental Funds 15 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 16 Notes to Financial Statements 17 PART II. REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A Statement of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual-Governmental Funds 37 PART III. OTHER REPORTS SECTION Independent Auditors' Report on Internal Control Over Financial Reporting and on Compliance and Other Matters based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards 38 Independent Auditors'Report on Compliance with Section 218.415, Florida Statutes 40 Independent Auditors'Report on Compliance for Each Major Federal Program and on Internal Control Over Compliance Required By OMB Circular A-133 41 Schedule of Findings and Questioned Costs—Federal Awards 43 Schedule of Expenditures of Federal Awards 45 Management Letter-Local Government Entities 46 1611 B3 • Phillips Harvey GROUP Nathan A.Phillips,CPA Deborah L.Harvey,CPA INDEPENDENT AUDITORS' REPORT Stephanie J.Feldman,CPA Shannon Huber,CPA February 24, 2015 Clara V.Lopez,CPA Michelle L.Vastola,CPA To The Board of Commissioners GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT Naples, Florida We have audited the accompanying financial statements of the governmental activities and each major fund of GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT as of and for the year ended September 30, 2014, and related notes to the financial statements, which collectively comprise the District's basic financial statements 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 opinions on these financial statements based on our audit. We conducted our audit in accordance with 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. 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 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 District'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 opinions. - 1 - Certified Public Accountants 801 Laurel Oak Drive,Suite 303,Naples,FL 34108 P 239 566 1600 I F 239 566 1901 I swflcpas.com 1611 Bi Board of Commissioners GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT February 24, 2015 Page 2 Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT as of September 30, 2014, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary comparison information on pages 4 through 11 and 37 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, economic, 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 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 sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated, in material respects in relation to the basic financial statements taken as a whole. - 2- 161i 6 d B 3 Board of Commissioners -, GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT February 24, 2015 Page 3 Other Reporting Required by Section 218.415, Florida Statutes In accordance with Section 218.415, Florida Statutes, we have also issued a report dated February 24, 2015, on our consideration of GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance with provisions of Section 218.415, Florida Statutes. The purpose of that report is to describe the scope of our testing of compliance and the results of that testing, and to provide an opinion on compliance with the aforementioned Statute. That report is an integral part of an audit performed in accordance with Sections 218.39 and 218.415, Florida Statutes in considering GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance with Section 218.415, Florida Statutes. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated February 24, 2015, on our consideration of the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's internal control over financial reporting and compliance. .540 "� IL - GRC P.A. Certified Public A countants Naples, Florida - 3 - 161183 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT MANAGEMENT'S DISCUSSION and ANALYSIS SEPTEMBER 30, 2014 The Golden Gate Fire Control & Rescue District's discussion and analysis is designed to provide an overview of the District's financial activities for the fiscal year ended September 30, 2014. In accordance with Florida Statutes, the District is required to have an annual audit. FINANCIAL HIGHLIGHTS • Levied taxes through the TRIM process. The millage rate was set at 1.5 mills. • The net position of the District increased by$241,669. • At the close of the current fiscal year, the District had a fund balance of$4,012,453 in the General Fund. • At the close of the current fiscal year, the District had a fund balance of$132,545 in the Special Revenue Fund (Impact Fees). • At the close of the current fiscal year, the District had debt and other obligations in the amount of $7,064,895. OVERVIEW OF THE FINANCIAL STATEMENTS GASB Statement 34 represents a monumental change from the manner in which government financial statements are recorded and presented. For the first time, it provides a concise"entity-wide" Statement of Net Assets and Statement of Activities to give the user of the financial statements a combined overview of the District's financial position and result of operations, eliminating interfund activities and"other people's money" such as pension funds,which can mislead users when incorporated in a combined manner. Additionally, this new reporting model requires the use of accrual accounting(which focuses on economic resources)at the top most level, while maintaining modified accrual accounting(which focuses on current financial resources—budgeted resources)at the individual fund level. This is an important change in governmental accounting. For the first time, the impact of long-term financial decisions can be more properly matched to the period in which the expense or revenue is more properly attributed. In short, more fairness in presentation is achieved and the impacts of long-term decisions are promptly recorded as the transactions occur, as opposed to the traditional method of recording them when the bill is paid. In 2013, the District adopted new accounting guidance, GASB Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position. The statement required that the difference between assets and liabilities be reported as net position. In addition, the impact of a deferred outflow of resources or a deferred inflow of resources must be explained. As of September 30, 2014, the District did not have deferred outflow of resources or deferred inflows of resources to be reported. Government-wide Statements: The government-wide financial statements are designed to provide readers with a broad overview of the District's finances. These statements include all assets and liabilities using the accrual basis of accounting, which is similar to the accounting used by most private-sector companies. All of the current year's revenues and expenses are taken into account regardless of when cash is received or paid. The government-wide financial statements consist of a Statement of Net Position and a Statement of Activities. The Statement of Net Position presents information on all of the District's assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. -4- 1611 B 3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT MANAGEMENT'S DISCUSSION and ANALYSIS SEPTEMBER 30, 2014 OVERVIEW OF THE FINANCIAL STATEMENTS—Continued The Statement of Activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported when the change occurs, regardless of the timing of the related cash flows. Thus revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods(e.g., uncollected taxes and earned but unused vacation leave). These two statements report the Fire District's net position and changes in them. One can think of the District's net position-the difference between assets and liabilities-as one way to measure the District's financial health, or financial position. Fund financial statements: A fund is a grouping of related accounts used to maintain control over resources that have been segregated for specific activities or objectives. The Fire District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District's funds can be divided into two categories: general fund and special revenue fund (impact fees). General Fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Fund is used to account for impact fees required to be used for future capital outlays in response to growth of the community. Notes to the financial statements: The notes provide additional information essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found on pages 17-36 of this report. Other information: In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information. The individual fund statements with budget to actual are found on page 37 of this report. GOVERNMENT-WIDE FINANCIAL ANALYSIS Statement of Net Position: As noted earlier, net position may serve over time as a useful indicator of a government's financial position. The District's assets exceeded liabilities by$3,443,555 at the close of the most recent fiscal year. The largest portion of the District's net position reflects its investment in capital assets (e.g. land, building, apparatus and equipment); less any related debt used to acquire those assets that are still outstanding. The Golden Gate Fire District uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the District's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. The table below reflects the condensed government-wide Statement of Net Position. -5 1611 63 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT MANAGEMENT'S DISCUSSION and ANALYSIS SEPTEMBER 30, 2014 GOVERNMENT-WIDE FINANCIAL ANALYSIS—Continued GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NET POSITION AS OF SEPTEMBER 30, 2014 FY 2013 FY 2014 Current and Other Assets $ 4,127,725 $ 4,395,381 6.5% Capital Assets 6.875.334 6.400.233 -6.9% Total Assets 1 L993,959 10,795,514 -1.9% (1) Current and Other Liabilities 250,028 287,164 14.9% Long-Term Liabilities 7.551.145 7.064.895 -6.4% (2) Total Liabilities 7.BQLL 7.352.059 -5.8% Net Position: Invested in Capital Assets, net (242,093) (217,576) -10.1% Restricted 54,725 115,910 111.8% Unrestricted 3.389.254 3.545.221 4.6% Total Net Position $ 3,201,886 $ 3,443,555 7.5% • Net position shows the difference between the Fire District's assets and liabilities. • The bulk of General funds and Impact Fee funds(Special Revenue Fund)are kept in separate saving accounts at the State Board of Administration in Tallahassee until needed. (1) During fiscal year 2014 total assets decreased due to the annual depreciation recording of$499,397. (2) Long term liabilities went down due to payments made on existing loans and normal debt amortization as well as cancellation of interest-swap agreement. -6- 1611 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT MANAGEMENT'S DISCUSSION and ANALYSIS SEPTEMBER 30, 2014 GOVERNMENT-WIDE FINANCIAL ANALYSIS—Continued Statement of Activities: The Fire District's net position increased by$241,669 during the current fiscal year. The table below compares the revenues and expenses for the two activity types for the current fiscal year. GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT CHANGES IN NET POSITION FOR THE YEAR ENDED SEPTEMBER 30, 2014 FY 2013 FY 2014 Program Revenues: Charges for services $ 93,788 $ 104,348 11.3% Operating Grants 815,157 730,173 -10.4% General Revenues: Ad Valorem Taxes 6,769,092 6,987,527 3.2% Investment Earnings 9,401 4,604 -51.0% Impact Fees and Other 829.112 398.808 -51.9% Total Revenue 8,516,550 8.225.460 -3.4% Expenses: Public safety: Employee costs 6,376,469 6,453,904 1.2% Outside services 747,911 687,399 -8.1% Materials and supplies 387,243 209,729 -45.8% Depreciation 577,830 499,397 -13.6% Debt service: Interest expense 312,762 133,362 -57.4% Loss on disposal of capital assets 0 0 0.0% Total Expenses 8.402.215 7.983.791 -5.0% Change in net position 114,335 241,669 111.4% Net Position- Beginning of Year 3,087.551 3,201.886 3.7% Net Position- Ending of Year $ 3,201,886 $ 3,443,555 7.5% General Revenues During fiscal year of 2014 the Fire District received a 3.2% increase in Ad Valorem tax dollars over the prior fiscal year. Investment earnings decreased 51.0% due to the decrease of funds kept in savings and interest rates over the prior fiscal year. With interest rates being low a larger portion of funds were kept in the checking accounts to offset banking charges. Operating grants decreased 10.4% due to fewer funds available from the Safer Cost Reimbursement Grant. Other revenues decreased 51.9%over the prior fiscal year mainly due to the loss of derivative income(termination of interest swap). - 7 16111 133 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT MANAGEMENT'S DISCUSSION and ANALYSIS SEPTEMBER 30. 2014 GOVERNMENT-WIDE FINANCIAL ANALYSIS—Continued Expenses During fiscal year of 2014 outside services decreased by 8.1% over the prior fiscal year due to cutting back on expenditures wherever possible. Materials and supplies decreased by 45.8% over the prior fiscal year due to cutting back on expenditures wherever possible. Depreciation declined 13.6% due to fully depreciated capital assets. Net Position During fiscal year 2014 net position increased due to the Safer Cost Reimbursement Grant as well as the full year of depreciation of$499,397. Total 2014 expenses were less than total revenues by$241,669. Liabilities Long term liabilities went down due to payments being made on existing loans and compensated absences. GENERAL FUND BUDGETARY HIGHLIGHTS By motion, transfers of unencumbered appropriation balances are made at midyear to reflect changes in anticipated revenues and/or expenditures. The following compares original general fund budget to final budget: ORIGINAL FINAL • Revenues 11.271.554 $11,$34,91,7 • Expenditures $11,271,554 $11,834,912 SPECIAL REVENUE FUND BUDGETARY HIGHLIGHTS The following compares original special revenue fund budget to final budget: ORIGINAL FINAL • Revenues 150.000 $ 268,338 • Expenditures $ 150.000 $ 268,338 -8- 1611 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT MANAGEMENT'S DISCUSSION and ANALYSIS SEPTEMBER 30, 2014 CAPITAL ASSET AND DEBT ADMINISTRATION Capital Assets: The Fire District's investment in capital assets as of September 30, 2014, amounts to $6,400,233(net of accumulated depreciation). The investment in capital assets includes land, buildings, apparatus and equipment. Long-term Debt: At the end of the current fiscal year, the Golden Gate Fire District had total debt outstanding of$7,064,895. Long-term debt at the end of the current fiscal year included (see page 29—31 for further details): • Lease purchase agreement for Station#70. • Loan for purchase of new fire truck(Pumper at Station#71). • Construction Loan at Fifth Third Bank for$8mil for building two fire stations. • Compensated absences. • Loan for purchase of LED lighting fixtures for Stations#71,#72, #73 GOVERNMENTAL FUNDS FINANCIAL ANALYSIS Changes in General Fund Balances PERCENT 2013 2014 CHANGE Revenues Ad Valorem and County Taxes $ 6,769,092 $ 6,987,527 3.2% Grant Income 815,157 730,173 -10.4% Impact and Other Fees 93,788 104,348 11.3% Investment Income 9,372 4,561 -51.3% (1) Miscellaneous 167,343 193,357 15.5% Total Revenues 7,854,752 8,019.966 2.1% Expenses Public Safety 7,558,770 7,355,417 -2.9% Capital Outlay 133,221 27,942 -79.0% (2) Debt Service 399.958 487,862 22.0%(3) Total Expenses 8,091,949 7,871,221 -2.7% Other Financing Sources(Uses) Proceeds from Capital Lease 120.588 0 -100.0% Change in Fund Balance (116,609) 148,745 227.6% Fund Balance - Beginning of Year 3.980.317 3,863,708 -2.9% Fund Balance -End of Year $. 3,86,3,700 $ 4,012,• 3.8% (1) Investment income decreased due to lower interest rates and fewer funds for investment in 2014. (2) Capital Outlay decreased due to fewer capital item purchases. (3) Debt Service increased due to resuming payment of principal amount on 5`"/3`d Bank Construction Loan. -9- 16I1 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT MANAGEMENT'S DISCUSSION and ANALYSIS SEPTEMBER 30, 2014 GOVERNMENTAL FUNDS FINANCIAL ANALYSIS—Continued Changes in Special Revenue (Impact Fee) Fund Balances PERCENT 2013 2014 CHANGE Revenues Impact and Other Fees $ 148,362 $ 205,451 38.5% (1) Investment Income 29 43 48.3% Total Revenues 148,391 205,494 38.5% Expenses Debt Service 130,000 145,952 12.3% Total Expenses 130,000 145,952 12.3% Change in Fund Balance 18,391 59,542 423.8% Fund Balance-Beginning of Year 54,612 73,003 33.7% Fund Balance-End of Year $ 73,003 $ 132,545 81.6% (1) Impact and other fees revenue increased due to return of new construction in our area. FUND BALANCE DISCLOSURE In accordance with GASB No. 54, the District classifies governmental fund balances as follows: GENERAL SPECIAL TOTAL FUND REVENUES FUNDS Non-spendable $ 120,934 $ 0 $ 120,934 Restricted 4,675 132,545 137,220 Committed 0 0 0 Assigned: Revenue and contingency reserve 3,368,849 0 3,368,849 Unassigned 517,995 0 517,995 Total $ _ 4,012,453 $ 1.3,2,$45 $ 4,144,99$ - 10- 1611 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT MANAGEMENT'S DISCUSSION and ANALYSIS SEPTEMBER 30, 2014 ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES When preparing the fiscal year 2015 budget, the District considered the increase in cost for just doing business and any anticipated changes in the development of our area that would make an impact on the tax dollars received. The District obtains most of its funding from ad valorem tax dollars. The Property Appraiser has forecasted an increase in tax rolls for FY 2015. Impact fees continue to increase which has an impact on the District's budget. This in turn means that the District will have more funds available for necessary operating expenses which include personnel costs. General Fund Budget: The Collier County Property Appraiser certified the preliminary FY 2015 tax roll on June 27, 2014. The District's assessed taxable value is at 5,057,814,343 an increase of 323,131,083 or 6.8% from the prior year's final tax roll. The Fire Board approved setting the millage rate at 1.5 mills for FY 2015. The Fire District will receive an increase in tax dollars of$347,181 or 5.0%. Use of Prior Year General Fund Cash: The fund balance for FY 2014 is being used to fund the necessary reserve portions of the FY 2015 General Fund Budget. Special Revenue Fund Budget: The District is anticipating an increase of$75,000 to be collected from impact fees in FY 2015 plus an increase in the fund balance. During FY 2011, the District started receiving a small increase in the amount of impact fees collected after having received decreases for five years. During FY 2014, the District continued to see an increase in impact fees collected. This is all due to a return of new construction in our area. It is new construction that generates the impact fees. On November 4, 2014, the voters approved the merger of Golden Gate Fire District and East Naples Fire District into one special fire district to be known as Greater Naples Fire Rescue District. Kingman D. Schuldt Chief Kingman D. Schuldt Golden Gate Fire Control and Rescue District REQUESTS FOR INFORMATION This financial report is designed to provide Golden Gate Fire Control & Rescue District's citizens and taxpayers with a general overview of the District's finances and to show the District's accountability for the money it receives. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Fire Chief, Golden Gate Fire Control & Rescue District, 14575 Collier Blvd., Naples, FL 34119 or phone at 239-348-7540. - 11 - 161183 PART I. FINANCIAL STATEMENTS 1611 iii ,„ GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT STATEMENT OF NET POSITION SEPTEMBER 30, 2014 GOVERNMENTAL ASSETS ACTIVITIES Cash $ 1,287,321 Investments 2,459,245 Receivables (Note 4) 411,971 Prepaid expenses 120,934 Cash, restricted for lease interest(Note 7) 4,675 Cash and investments, restricted for impact fee 111,235 Capital assets, not being depreciated: Land 774,341 Capital assets, net of accumulated depreciation: Buildings and improvements 4,560,424 Autos and trucks 740,384 Furniture,fixtures, and equipment 325,084 Total capital assets, net(Note 5) 6,400,233 Total assets 10,795,614 LIABILITIES Accounts payable 63,184 Salaries and benefits payable(Note 6) 210,941 Interest payable 13,039 Compensated absences(Note 7): Expected to be paid within one year 8,859 Expected to be paid after one year 438,227 Notes and capital leases payable(Note 7): Portion due within one year 408,695 Portion due after one year 6,209 114 Total liabilities 7,352,059 NET POSITION Net investment in capital assets (217,576) Restricted for lease interest 4,675 Restricted for impact fees 111,235 Unrestricted 3,545,221 Total net position $ 3,443.555 The accompanying notes are an integral part of these financial statements. - 12- 1611 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2014 GOVERNMENTAL ACTIVITIES Expenses: Public safety-fire protection: Personal services $ 6,453,904 Outside services 687,399 Materials and supplies 209,729 Depreciation 499,397 Interest on long-term debt and capital leases 133,362 Total program expenses 7,983,791 Program revenues: Charges for services 104,348 Operating grants(Note 12) 730,173 834.521 Net program expense 7,149,270 General revenues: Property taxes 6,987,527 Impact fee revenue 205,451 Interest income 4,604 Tower leases 153,120 Miscellaneous 40,237 Total general revenues 7,390,939 Change in net position 241,669 Net position, September 30, 2013 3,201,886 Net position, September 30, 2014 $ 3,443,555 The accompanying notes are an integral part of these financial statements. - 13- 1611 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT BALANCE SHEET- GOVERNMENTAL FUNDS SEPTEMBER 30, 2014 GOVERNMENTAL FUND TYPES TOTAL SPECIAL GOVERNMENTAL GENERAL REVENUE FUNDS ASSETS Cash (Note 3) $ 1,287,321 $ 29,577 $ 1,316,898 Cash, restricted (Note 7) 4,675 0 4,675 Investments(Note 3) 2,459,245 81,658 2,540,903 Receivables (Note 4) 395,245 16,726 411,971 Prepaid expenses 120,934 0 120,934 Due from the General Fund 0 4,584 4.584 Total Assets $ 4,267.420 $ 132.545 $ 4,399,965, LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 63,184 $ 0 $ 63,184 Accrued liabilities(Note 6) 187,199 0 187,199 Due to Special Revenue Fund 4.584 0 4,584 Total Liabilities 254,967 0 254.967 Fund Balances(Note 11): Non-spendable 120,934 0 120,934 Restricted 4,675 132,545 137,220 Committed 0 0 0 Assigned 3,368,849 0 3,368,849 Unassigned 517,995 0 517,995 Total Fund Balances 4.012,453 132.545 4.144.998 Total Liabilities and Fund Balances $ 4,267,420 $ 132,645 399.965 Amounts reported for governmental activities in the statement of net position are different because: Fund balances-governmental funds 4,144,998 Capital assets used in governmental activities are not fi nancial resources and, therefore, are not reported in the funds. 6,400,233 Long-term liabilities, including capital leases payable, a promissory note obligation, related interest payable, termination benefits/other are not due and payable in the current period and therefore are not reported in the funds. (7,101,676) Net position of governmental activities $ 3.443.555 The accompanying notes are an integral part of these financial statements. - 14- 161b1 83 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2014 GOVERNMENTAL FUND TYPES TOTAL SPECIAL GOVERNMENTAL GENERAL REVENUE FUNDS Revenues: Ad valorem and county taxes $ 6,987,527 $ 0 $ 6,987,527 Grant income 730,173 0 730,173 Impact and other fees 104,348 205,451 309,799 Interest and dividends 4,561 43 4,604 Tower leases and miscellaneous 193,357 0 193.357 Total Revenues 8,019,966 205,494 8.225.460 Expenditures: Current Public safety: Employee costs 6,453,076 0 6,453,076 Outside services 696,258 0 696,258 Materials and supplies 206,083 0 206,083 Capital outlay 27,942 0 27,942 Debt service: Principal retirement 473,994 25,624 499,618 Interest and fiscal charges 13.868 120,328 134.196 Total Expenditures 7,871.221 145,952 8,017,173 Excess revenues over expenditures 148,745 59,542 208,287 Fund Balances, September 30, 2013 3,863,708 73,003 3.936,711 Fund Balances, September 30, 2014 $ 4,012,45,E $ 132,545 $ 4,144,99$ The accompanying notes are an integral part of these financial statements. - 15- 161163 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2014 Amounts reported for governmental activities in the statement of activities(page 13) are different because: Net change in fund balances-total governmental funds(page 15) $ 208,287 Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which depreciation exceeded capital outlays in the current period. (471,455) The issuance of long-term debt(e.g., notes, capital leases)provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. This amount is the net effect of these differences in the treatment of long-term debt. 499,618 Some items reported in the statement of activities including interest, vacation/sick leave, termination benefits, and the disposal of capital assets do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. 5,219 Change in net position of governmental activities(page 13) $ 241,569 The accompanying notes are an integral part of these financial statements. - 16- 161183 • GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 1 - REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Reporting,entity GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT(the District)is a local governmental unit created by the Florida State Legislature to provide fire and rescue services to a certain prescribed area in Collier County, Florida, and is an independent special district authorized and existing under Florida House Bill 0865. The District is operated by a three-person board of commissioners. The government-wide balance sheet and statement of activities and the General and Special Revenue include all of the operations and activities relevant to the District. During 2004, the District implemented Government Accounting Standards Board (GASB)Statement No. 34, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments, Statement No. 37, Basic Financial Statements and Management's Discussion and Analysis-for State and Local Governments;Omnibus Statement No.38, Certain Financial Statement Note Disclosures, and GASB Interpretation No. 6, Recognition and Measurement of Certain Liabilities and Expenditures in Government Fund Financials. GASB Statement No. 34 and these related pronouncements established a new financial reporting model for state and local governments that included the addition of management's discussion and analysis, district-wide financial statements, required supplementary information and the elimination of the effects of internal service activities, if any, and the use of account groups to the already required fund financial statements and notes. The GASB determined that fund accounting has and will continue to be essential in helping governments to achieve fiscal accountability and should, therefore, be retained. The GASB also determined that district-wide financial statements are needed to allow users of financial reports to assess a government's operational accountability. The new GASB model integrates fund-based financial reporting and district-wide financial reporting as complementary components of a single comprehensive financial reporting model. As required by U.S. Generally Accepted Accounting Principles(GAAP), these financial statements present Golden Gate Fire Control and Rescue District(the primary government)as a stand-alone government. The reporting entity for the District includes all functions of the government in which the District's Board of Commissioners 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 in Governmental Accounting Standards Board Statement Number 14, The Financial Reporting Entity, as amended by GASB No. 39, Determining Whether Certain Organizations Are Component Units, the District has identified no component units. Government-wide and fund financial statements The government-wide financial statements(i.e., the statement of net position and the statement of activities) report information on all activities of the primary government. Governmental activities,which normally are supported by taxes, are reported separately from business-type activities of which the District had no such activities during 2014. - 17- 161` 1 83 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 1 - REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) Government-wide and fund financial statements(continued) The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include(1)charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and (2)grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, even though such funds are excluded from the government-wide financial statements. All governmental funds of the District are reported as major individual funds. Measurement focus, basis of accounting, and financial statement presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Government fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. The government considers all revenues available if they are collected within 60 days after year-end. Expenditures are recorded when the related fund liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. The primary revenue sources that are susceptible to accrual are ad valorem taxes, impact fees, inspection fees and interest. Other receipts and fees become measurable and available when cash is received by the District and are recognized as revenue at that time. As a general rule the effect of interfund activity has been eliminated from the government-wide financial statements. When both restricted and unrestricted resources are available for use, it is the District's policy to use restricted resources first, then unrestricted resources as they are needed. The District reports the following major governmental funds: General Fund-The General Fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Fund-The Special Revenue Fund is used to account for impact fees required to be used for future capital outlays in response to growth of the community. - 18- 16l1B GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 1 - REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) Budgetary process The budget and amendments, if any, are approved by the Commissioners. The budget is prepared on the cash basis,which is considered not to be materially different from the modified accrual basis in accordance with U.S. generally accepted accounting principles. The annual budget serves as the legal authorization for expenditures. Expenditures cannot legally exceed the total amount budgeted. All budget amendments, which change the legally adopted total appropriation, are approved by the Commissioners. Encumbrances Encumbrance accounting under which purchase orders and other commitments for expenditures of monies are recorded is not employed by the District and thus no amount has been included in these basic financial statements for encumbrances. Due to and from other funds Interfund receivables and payables arise from interfund transactions and are recorded by funds affected in the period in which the transactions are executed. There were amounts due to and from other funds at September 30, 2014 in the accompanying fund statements. Deferred Outflows/Inflows of Resources Deferred outflows of resources represent a consumption of net position that applies to future reporting period(s). For example, the District would record deferred outflows of resources on the statement of net position related to debit amounts resulting from current and advance refundings resulting in the defeasance of debt(i.e. where there are differences between the reacquisition price and the net carrying amount of the old debt. Deferred inflows of resources represent an acquisition of net position that applies to future reporting period(s). For example, when an asset is recorded in the fund financial statements, but the revenue is unavailable, the District report a deferred inflow of resources on the balance sheet until such times as the revenue becomes available. As of September 30, 2014, the District did not have deferred outflows of resources or deferred inflows of resources to be reported. Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual -All Governmental Fund Types The budget column of this statement is prepared from the District's adopted annual budget, as amended during the year,which reflects budgeted revenues and expenditures in total for all governmental fund types on a cash basis which is comparable to the modified accrual basis of accounting for the year ended September 30, 2014. Appropriations lapse at year-end. - 19- B3 161 ' l GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 1 - REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) Property tax calendar The calendar is composed of the following dates: 1. Lien date - 3rd week in May 2. Levy date - July 1 3. Due date - March 31 4. Collection dates - November through March Total Column on the Balance Sheet and the Statement of Revenues, Expenditures and Changes in Fund Balances-Governmental Funds The total columns on the balance sheet and the statement of revenues, expenditures and changes in fund balances is presented only to facilitate financial analysis and also is utilized for reconciliation purposes to the government-wide financial statements. Data in this column does not present financial position or results of operations in conformity with U.S. generally accepted accounting principles, and such data is not comparable to a consolidation. Investments Investments are reported and are equal or equivalent to market value. Florida Statutes allows the District to invest surplus funds in: a) The Local Government Surplus Funds Trust Fund, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act of 1969, as provided in s.163.01. b) Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency. c) Interest-bearing time deposits or savings accounts in qualified public depositories, as defined in s. 280.02. d) Direct obligations of the U.S. Treasury. Certain funds are invested with the State Board of Administration (SBA)of Florida in the Local Government Surplus Funds Trust Fund Investment Pool. These funds are recorded at cost, which according to the State Board of Administration of Florida is approximately equal to the fair value of the investments for financial reporting purposes. Taxes and fees receivable No allowance for losses on uncollectible accounts has been recorded since the District considers all amounts to be fully collectible. Prepaid items Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government-wide and fund financial statements. -20- 161 1B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30. 2014 NOTE 1 - REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) Pavables and accruals Such payable and accrual amounts are recorded as expenses and liabilities when incurred in the government wide financial statements and as expenditures and liabilities in the fund financial statements when paid and when expected to be liquidated with available expendable financial resources. Restricted assets Certain resources set aside for impact fee expenditures, are classified as restricted assets on the statement of net position because they are maintained in separate bank accounts and their use is limited by laws and regulations. The"cash and investments restricted for impact fees" are solely required to be used for growth capital expenditures. Cash restricted for prepaid interest was originally established pursuant to the Lease Agreement dated April 2011, Note 7. Capital assets Capital assets, which include land, buildings and improvements, autos and trucks, and furniture, fixtures, and equipment, are reported in the government-wide financial statements. Capital assets are defined by the District as assets with an initial, individual cost of more than $500 and an estimated useful life in excess of one year. In the case of initial capitalization of District capital assets and within the guidelines promulgated by GASB 34, the District was able to use historical cost and original purchase date for all such assets. As the District constructs or acquires additional capital assets each period, such assets are capitalized and reported at historical cost. The reported value excludes normal maintenance and repairs which are essentially amounts spent in relation to capital assets that do not increase the capacity or efficiency of the item or extend its useful life. In the case of donations, the District values these capital assets at the estimated fair value of the item at the date of donation. There were no such donated assets during 2014. Interest on debt cannot meaningfully be associated with individual District functions and, consequently, is reported as a separate line within governmental activities in the government-wide statement of activities. Such treatment also applies to interest incurred on capital leases. The practical effect of capitalizing interest incurred during the construction of capital assets used in governmental activities would be to allocate interest cost to whatever function reported the related depreciation expense. However, the allocation of interest to individual functions within governmental activities is not appropriate. Consequently, no such interest costs incurred related to the construction of stations#72 and #73 were capitalized. Capital assets of the District are depreciated using the straight line method over the following estimated useful lives: YEARS Buildings and improvements 5-39 Autos and trucks 5- 15 Furniture,fixtures and equipment 3-20 -21 - 1611 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30. 2014 NOTE 1 - REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) Long-term obligations In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the Statement of Net Position. In the fund financial statements, the face amount of debt issued and debt principal and interest payments are reported as other financing sources and principal and interest expenditures, respectively, in the Statement of Revenues, Expenditures and Changes in Fund Balances— Governmental Funds. Compensated absences The District's employees earn vacation which may either be taken or accumulated, up to certain amounts, until paid upon retirement or termination. Unused sick leave accumulates and is subject to a reduction if paid in cash upon retirement or termination. The liability for compensated absences reflects amounts attributable to employee services already rendered on a cumulative basis which is probable for payment. Fund equity The District displays its fund equity pursuant GASB 54"Fund Balance Reporting and Governmental Fund Type Definitions". This statement establishes fund balance classifications that comprise a hierarchy based primarily on the extent to which a government is bound to observe constraints imposed upon the use of resources reported in governmental funds. Fund balance classifications, under GASB 54, are: Nonspendable, Restricted, Committed, Assigned and Unassigned. These classifications reflect not only the nature of funds, but also provide clarity to the level of restrictions placed upon fund balance. Fund balance can have different levels of restraint, such as external versus internal compliance requirements. Unassigned fund balance is a residual classification within the General Fund. The General Fund should be the only fund that reports a positive unassigned balance. In all other funds, unassigned is limited to negative residual fund balance. For further details of various fund balance classifications, refer to Note 11. Net position in the government-wide statements is categorized as invested in capital assets, net of related debt, restricted or unrestricted. Invested in capital assets, net of related debt, represents net position related to land, building and improvements, vehicles, and furniture,fixtures and equipment, net of any related debt. Restricted net position for impact fees are funds legally mandated to be set aside solely for growth capital expenditures. Risk management The District is exposed to various risks of loss related to torts; theft, damage, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. Insurance coverage for such losses is purchased from third-party carriers. The financial impact of the District's risk management activities are reported in the general fund. For the fiscal year ended September 30, 2014, the District paid $194,555 to third-party carriers to insure for these purposes. There has been no reduction in coverage from the prior year. Liabilities are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. There was no such type of occurrence during fiscal 2014. No accrual has been provided for claims and incidents not reported to the insurer. Claims made have not exceeded the insurance coverage for the current year. - 22- 1611 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30. 2014 NOTE 2- RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS Explanation of certain differences between the aovernmenf wide statement of net position and the aovernmental fund balance sheet The government fund balance sheet includes a reconciliation between fund balance—total governmental funds and net position—governmental activities as reported in the government-wide statement of net position. One element of that reconciliation explains that"capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds." Capital assets: The details of this$6,400,233 difference are as follows: Total historical cost of fixed assets at September 30, 2014(Note 5) $ 19,524,371 Accumulated depreciation at September 30, 2014(Note 5) (13,124,138) Net adjustment to increase fund ba lance-total governmental funds to arrive at net position-governmental activities _ 6,4QQ,23Q Debt and other liabilities: Another element of that reconciliation explains that"long term liabilities, including capital leases payable, a promissory note obligation, interest payable, and termination benefits are not due and payable in the current period and therefore are not reported in the funds." The details of this($7,101,676), (Notes 6 and 7)difference are as follows: Capital lease payable-facility-Station#70 $ (109,162) Capital lease payable-fire truck and equipment(P71) (71,305) Capital lease obligations- LED lighting (80,026) Promissory note obligation payable-Station#72 and #73 (6,357,316) Compensated absences (447,086) Accrued insurance benefits-previous retired Chief(Note 6) (23,742) Accrued interest payable (13,039) Net adjustment to reduce fund balance-total governmental funds to arrive at net p o s i t i o n-governmental a c t i v i t i e s $ I • 6 ,) -23- 1611 B3 = GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 2- RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS (Continued) Explanation of certain differences between the government-wide statement of activities and governmental fund statement of revenues. expenditures and changes in fund balances Capital outlay: The governmental fund statement of revenues, expenditures, and changes in fund balances includes a reconciliation between net change in fund balances-total governmental funds and change in net position of governmental activities as reported in the government-wide statement of activities. One element of that reconciliation explains that, "Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense." The details of this $(471,455)difference are as follows: Capital outlay $ 27,942 Depreciation expense(Note 5) (499,397) Net adjustment to decrease net change in fund balances—total governmental funds to arrive at change in net position of governmental activities $ _ (471,455) Long-term debt: Another element of that reconciliation states that, "The issuance of long-term debt(e.g., notes, capital leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds." The details of this $499,618(Note 7)difference are as follows: Principal repayments: Capital lease—facility $ 16,794 Capital leases-fire truck and equipment 148,228 Promissory note-stations#72 and#73 334,596 Net adjustment to increase net change in fund balances—total governmental funds to arrive at change in net position of governmental activities $ 499k -24- 1611B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 2- RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS (Continued) Compensated Absence, Other Accruals and Other Items: Another element of that reconciliation states that, "some expenses reported in the statement of activities including interest, vacation/sick leave expense, termination benefits, and others do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds." The details of this $5,219 difference are as follows: Net effect of differences in accounting treatment of accrued termination benefits $ 5,937 Net compensated absences changes(Note 7) 8,859 Disposal of capital items and capital lease equipment (10,411) Net effect of differences in accounting treatment of long-term debt related interest and other accruals 834 Net adjustment to increase net change in fund balances—total governmental funds to arrive at change in net position of governmental activities NOTE 3-CASH AND INVESTMENTS Cash Cash held at September 30, 2014 consisted of the following: SPECIAL GENERAL REVENUE FUND FUND TOTAL Demand Deposits $ 1,291,896 $ 29,577 $ 1,321,473 Petty Cash 100 0 100 $ 1.291.996 $ 29,577 $ 1,321,512 All deposits with banks are entirely insured by Federal Depository Insurance. All District depositories are designated by the Florida State Treasurer as qualified public depositories. Chapter 280 of the Florida Statutes "Florida Security for Public Deposits Act" provides procedures for public depositories to ensure public monies in banks and savings and loans are collateralized with the Treasurer as agent for the public entities. Financial institutions qualifying as public depositories shall deposit with the Treasurer eligible collateral having a market value equal to or in excess of the average daily balance of public deposits times the depository collateral pledging level required pursuant to Chapter 280 as computed and reported monthly or 25 percent of the average monthly balance, whichever is greater. The Public Deposit Security Trust Fund has a procedure to allocate and recover losses in the event of a default or insolvency. When public deposits are made in accordance with Chapter 280, no public depositor shall be liable for any loss thereof. Chapter 280 defines deposits as demand deposit accounts, time deposit accounts, and certificates of deposit. -25- l6IlBi GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 3-CASH AND INVESTMENTS (Continued) Cash (continued) The District does not have a formal deposit policy that dictates deposits as a means of managing its exposure to losses and follows the guidance stipulated by Chapter 280 of Florida Statutes. At September 30, 2014, the District's cash carrying amounts and bank balances were $1,321,573 and $1,412,143, respectively. Investments The District has no written policy and/or adopted formal investment policy and consequently adheres to the investment guidelines as set forth in Section 218.415(17)of the Florida Statutes. All the District's investments at September 30, 2014 are invested in the Local Government Surplus Funds Trust Fund (labeled as "Florida PRIME"). These funds are not categorized because it is not evidenced by securities that exist in physical or book entry form. All monies deposited in the surplus funds are collateralized as required under law. The District invests funds throughout the year with the Local Government Surplus Funds Trust Fund, which is administered by the State Board of Administration(SBA), under the regulatory oversight of the State of Florida. As of September 30, 2014, the investment pool closed with the total investments of approximately$7.2 billion with the District's investment in the SBA totaling$2,540,903 which was entirely invested in Florida PRIME. The Local Government Surplus Funds Trust Fund is governed by Ch. 19-7.001-through 19.7.017 of the Florida Administrative Code, which identifies the Rules of the State Board of Administration. These rules provide guidance and establish the general operating procedures for the administration of the Local Government Surplus Funds Trust Fund. Additionally, the Office of the Auditor General performs the operational audit of the activities and investments of the State Board of Administration. Florida Prime is not a registrant with the Securities and Exchange Commission (SEC); however, the Board has adopted operating procedures consistent with the requirements for a 2a-7 like fund. Consequently, such investments are recorded at amortized costs consistent with GASB Statement#31. In accordance with regulations of a 2a-7 like fund, the method used to determine the participants' shares sold and redeemed is the amortized cost method as a means to maintain a constant net asset value(NAV)of$1 per share. The Florida PRIME account fair value equals the value in the account of$2,540,903 at September 30, 2014. At September 30, 2014, the District's investment balance was as follows: Florida PRIME $ _ 2,540,903 Historical information showing the Local Government Surplus Funds Trust Fund's performance is presented in the June 30, 2014 Comprehensive Annual Financial Report,which can be found at the State Board of Administration's website. -26- 161 63 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 3-CASH AND INVESTMENTS (Continued) Interest rate risk The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. The Florida PRIME weighted average days to maturity at September 30, 2014 was 39 days. Credit risk Florida Statutes Section 218.415(17)authorizes certain investment instruments that the District is permitted to invest in since the District does not have a formal investment policy. Consequently, the District has no investment policy that would further limit its investment choices. The Florida PRIME is rated by Standard and Poors and is its current rating is AAAm. Concentration of credit risk The District places no limit on the amount it may invest in any one issuer. All the District investments are in the Florida PRIME. NOTE 4- RECEIVABLES Receivables at September 30, 2014 consisted of the following: Grant receivable(Safer Grant)-general fund(Note 12) $ 318,329 Ad valorem taxes-general fund 50,990 Inspection fees-general fund 5,020 Impact fees-special revenue fund 16,726 Property appraisal fees-general fund 9,211 Tower lease 6,577 Other 5.118 Total $ 411,971 -27- 63 1611 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 5-CAPITAL ASSETS/NET Capital asset activity for the year ended September 30, 2014 was as follows: BALANCE BALANCE SEPT.30, OTHER/ SEPT.30, 2013 ADDITIONS DELETIONS 2014 Capital assets, not being depreciated: Land $ 774,341 $ 0 $ 0 $ 774,341 Construction in progress 0 0 0 0 Total capital assets, not being depreciated 774.341 0 0 774.341 Capital assets, being depreciated: Buildings and improvements 12,019,857 0 0 12,019,857 Autos and trucks 4,606,738 0 (6,766) 4,599,972 Furniture, fixtures and equipment 2.102.259 27.942 0 2.130.201 Total capital assets being depreciated 18.728,854 27.942 (6.766) 18.750.030 Less accumulated depreciation for: Buildings and improvements (7,206,114) (253,319) 0 (7,459,433) Autos and trucks (3,723,865) (138,843) 3,120 (3,859,588) Furniture, fixtures and equipment (1.697,882) (107.235) 0 (1,805.117) Total accumulated depreciation (12.627,861) (499.397) 3,120 (13,124.138) Total capital assets being depreciated, net 6.100.993 (471.455) 0 5.625.892 Total capital assets, net $ 6,$75,334 (471,4) $ (3,646) $ 6.400.233 The cost of assets under capital lease arrangements totaled $2,199,229 with accumulated depreciation of $1,558,398 at September 30, 2014. NOTE 6-ACCRUED LIABILITIES, Accrued liabilities at September 30, 2014,were comprised of the following: Accrued wages payable $ 149,560 Payroll taxes payable 10,782 Retirement contribution payable 26,710 Other miscellaneous 147 Total Accrued Liabilities-General Fund 187.199 Insurance obligations Accrued insurance benefits -previously retired Chief(Note 10) 23,742 Total Accrued Liabilities-Statement of Net Position $ 210,941 -28- B3 ion 1 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30. 2014 NOTE 7- LEASES AND OTHER LONG-TERM DEBT Capital Lease Obligations The District is committed to three capital leases: (1)Station#70 Collier County lease, (2)Oshkosh Capital firefighter truck lease, (3)CSI, Leasing, Inc. LED lighting for Stations#71,#72 and #73. Capital leases are generally defined as leases which transfer benefits and risks of ownership to the lessees. (1) Station#70 Collier County Lease The District and Collier County have a lease agreement for the facility previously constructed by Collier County to be shared by the District, the Sheriffs Department and Emergency Medical Services. Based on the lease agreement, the lease has been recorded as a non-interest bearing capital lease in the accompanying financial statements. Following is a schedule of the future minimum lease payments on the facility capital lease as of September 30, 2014: YEAR ENDED SEPTEMBER 30, 2015 $ 16,794 2016 16,794 2017 16,794 2018 16,794 2019 16,794 2020 -2021 25.192 $ 1Q9.162 (2) Oshkosh Capital Firefighter Truck Lease In January 2006, the District entered into a capital lease agreement with Oshkosh Capital for the purchase of one firefighter truck including related equipment totaling $299,200. Following is a schedule of the present value of the net future minimum lease payments on this lease obligation at September 30, 2014: YEAR ENDED SEPTEMBER 30, 2015 $ 38,185 2016 38,185 76,370 Less: Amount representing interest (5,065) Present value of net minimum lease payments $ 71.,305 -29- 16i ' 1B3 ! ,4 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30. 2014 NOTE 7- LEASES AND OTHER LONG-TERM DEBT(Continued) Capital Lease Obligations (Continued) (31 CSI Leasing. Inc. - LED Lighting In October 2012, the District entered into three five-year capital lease agreements with CSI Leasing, Inc. for the purchase of certain interior and exterior LED lighting fixtures(726 fixtures in total)for Stations#71, #72 and #73 totaling$120,588. Following is a combined schedule of the present value of the net future minimum lease payments on the three lease obligations at September 30, 2014: YEAR ENDED SEPTEMBER 30, 2015 $ 27,869 2016 27,869 2017 27,689 2018 2.322 85,929 Less: Amount representing interest (5.903) Present value of net minimum lease payments $ 8Q,926 Promissory Note Obligation In August 2003, the District entered into a promissory note with Fifth Third Bank totaling$8,000,000. Pursuant to the loan agreement, the District was required to use the loan proceeds for the purpose of constructing two fire station facilities(known as "Station#72"and"Station#73") located in the Golden Gate Fire District. The loan is unsecured and interest is being charged at the sum of 90 day Libor interest rate plus 1.65%. The District's operating funds and impact fees received each year are used as the source of debt service for such loan. On April 1, 2011, the District entered into a Lease Purchase Agreement with Fifth Third Bank as a means to refinance the original $8M Promissory Note with a current outstanding principal balance of$6,357,316 the proceeds of which were originally used to finance the construction and equipping of two fire stations#72 and #73. Pursuant to the Agreement, the District provided the Bank a leasehold interest in the real property and related improvements and equipment of these two specific fire stations as defined, and agreed to pay the Bank quarterly base rent amounts(consisting of principal and interest)for the use of these leased properties as defined in the Agreement. The interest component of the base rent is due quarterly on the 20th of each month commencing May 20, 2011 bearing interest at the three month Libor plus 1.65% (defined as"adjusted rate") and the principal component of the base rent totaling $83,649 is due quarterly on 20th of each month commenced November 20, 2013 with a final balloon payment of$5,939,071 due on February 20, 2016. The District agreed to maintain certain required insurance policies and amounts as defined in the Agreement. In April 2011, the District's interpretation was to initially establish and fund an"Interest Account° held by the Bank totaling $124,680 representing the first 12 months of the respective interest component of the base rent. These funds were solely utilized to pay interest for the first 12 months as agreed. At September 30, 2014, the remaining cash balance in this Interest Account was$4,675 and was reflected as a restricted fund balance, see Note 11. -30- 161 'l B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 7- LEASES AND OTHER LONG-TERM DEBT(Continued) Promissory Note Obligation (Continued) Following is a schedule of future principal debt service payments(per 4/1/2011 Lease Agreement denoted above)as of September 30, 2014 based on an overall synthetic rate of 3.81% (3.44 fixed plus Libor rate spread of 0.374%): YEAR ENDED SEPTEMBER 30, PRINCIPAL INTEREST 2015 $ 334,596 $ 126,535 2016 6,022,720 61.215 $ 6,357,315 $_ 187,75Q Long-term liability activity for the year ended September 30, 2014 was as follows: DUE BALANCE BALANCE WITHIN SEPT.30, PAYMENTS/ SEPT.30, ONE 2013 ADDITIONS OTHER 2014 YEAR Capital lease-Station#70 building $ 125,956 $ 0 $ (16,794) $ 109,162 $ 16,794 Capital lease @ 4.7% w/Oshkosh Capital, 104,575 0 (33,270) 71,305 34,834 principal and interest due annually, secured and matures February 2016. Capital lease @ 4.55%w/Leasing 2, 94,377 0 (94,377) 0 0 principal and interest due annually, secured and matures March 2014. Capital leases @ 4.6%w/CSI Leasing, Inc. 100,607 0 (20,581) 80,026 22,471 principal and interest due monthly, secured and matures October 2017. Promissory note payable, interest and principal due quarterly at Libor plus 1.65%, secured, source of repayment-impact fees, matures February 2016. 6.691.912 0 (334,596) 6.357.316 334.596 7,117,427 0 (499,618) 6,617,809 408,695 Compensated absences 433.718 22.227 (8,859) 447,086 8,859 $ 7� 551 $ 22.227, $ (5Q8,477) $ 7,Q0_ :• $ 417.554 -31 - 1b11 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 8- PENSION PLAN OBLIGATIONS All paid District employees are participants in the Florida Retirement System (System), a defined benefit non- contributory multiple-employer, cost-sharing public retirement system, which is controlled by the State Legislature and administered by the State of Florida, Department of Administration, Division of Retirement. The plan covers a total of approximately 1,007,000 employees of various governmental units within the State of Florida. The System provides for vesting of benefits after 6 years of creditable service. Normal retirement benefits are available to employees who retire at or after age 62 with 6 or more years of service with a 5% reduction of benefits for each year prior to the normal retirement age. Retirement benefits are based upon age, average compensation and years-of-service credit, where average compensation is computed as the average of an individual's defined highest fiscal years'earnings ( i.e., either five or eight years)depending on enrollment date. Participating employer contributions are based upon State-wide rates established by the State of Florida. These rates effective July 1, 2014 are applied to employee salaries as follows: regular employees—7.37% and special risk employees— 19.82% of which the employee contribution rate of 3% is included in these rates. The funding policy provides for monthly employer contributions at actuarially determined rates that are determined using the entry age actuarial cost method. The District's contribution to the plan for the year ended September 30, 2014 was$764,179 and was paid by the due date for the contribution. This represents approximately 18% of the District's 2014 covered payroll of $4,236,138. The total payroll for fiscal 2013 was$4,283,753. In addition, the District's contribution to the plan for fiscal 2013 was $642,283. The pension benefit obligation for the System as a whole, determined through an actuarial valuation was $138.6 billion at July 1, 2014, the date of the most recent actuarial report. The report also indicates that the System had total actuarial accrued liability of approximately$160.1 billion at that date resulting in an underfunded pension obligation of$21.5 billion. The pension benefit obligation is a standardized disclosure measure of the present value of plan benefits, adjusted for the effects of projected salary increases and step- rate benefits estimated to be payable in the future as a result of employee service to date. A variety of significant actuarial assumptions are used to determine the standardized measure of the pension benefit obligation and these assumptions are summarized below: a) a rate of return on the investment of present and future assets of 7.65% per year compounded annually; b) projected salary increases of 3.25% per year compounded annually, attributable to inflation of 3%; and c) cost-of-living adjustments of 2.60% or as defined in the Plan based on certain timeframes, - 32- 16I1 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30. 2014 NOTE 8- PENSION PLAN OBLIGATIONS (Continued) The measure is intended to help users assess the System's funding status on a going concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among retirement systems and among employers. The System does not make separate measurements of assets and pension benefit obligations for individual employers. Significant assumptions used to compute pension contribution requirements are the same as those used to determine the standardized measure of the pension obligation. Ten year historical trend information showing the System's progress in accumulating sufficient assets to pay benefits when due is presented in the System's June 30, 2014 Comprehensive Annual Financial Report. NOTE 9- LEASE AND CONSTRUCTION AGREEMENTS In June 1999, the District entered into a lease and construction agreement with Sprint Spectrum, L.P. (SSLP) for an initial five-year term. The District agreed to allow SSLP to construct a certain communications tower on a portion of the District's property. Upon completion of the construction of the tower, SSLP agreed to transfer title to the tower and all related rights to the District. Upon title transfer, SSLP would lease such tower space to maintain and operate at SSLP's sole expense a personal communication service system facility. In consideration of this arrangement, the District agreed to charge an annual rent of$10,800. Such annual rent was waived for the initial term and for four additional terms of five years each since SSLP paid for all construction costs associated with construction of the tower. In August 2000, the District entered into a lease agreement with Omnipoint Holdings, Inc., presently T-Mobile USA, Inc. ("T-Mobile"), for an initial five-year period. The District agreed to lease tower antenna space located at the Golden Gate Fire Station to T-Mobile. As consideration for this arrangement,T-Mobile agreed to pay the District annual rent of$22,800 plus applicable sales tax. This lease agreement has a renewable clause for four additional terms of five-years each with certain defined annual rent adjustments. The lease was renewed for an additional term with a 20% increase during fiscal year 2005, resulting in an annual rental payment of $27,360. This lease was renewed for a second additional term in fiscal year 2010. The rent was increased by 20%, resulting in an annual rental payment of$32,832 received by the District in August 2014. In August 2000, the District entered into a lease and construction agreement with Verizon Wireless("Verizon") for an initial five-year term. The District agreed to lease to Verizon certain tower antenna space located at the Golden Gate Fire Station. Pursuant to the agreement, Verizon agreed to pay to the District annual rent during the initial five-year term of$16,800 plus applicable sales tax. As consideration separate from and in addition to the mentioned annual rent, Verizon agreed to pay for the installation of VHF cabling in Station#71 costing $50,000, in lieu of installing a certain shelter, generator and antennas as defined in the original agreement. At September 30, 2001, such installation had been completed. This lease agreement has a renewable clause for four additional terms of five-years each with certain defined annual rent adjustments. The lease was renewed for an additional term with a 20% increase during fiscal year 2005, resulting in an annual rental payment of $20,160. This lease was renewed for a second additional term in fiscal year 2010. The rent was increased by 20%, resulting in an annual rental payment of$24,192 received by the District in July 2014. -33- 16I1 63 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 9- LEASE AND CONSTRUCTION AGREEMENTS(Continued) In August 2005, the District entered into a communications site lease agreement related to the communications tower located at Golden Gate Fire Station#71 with Alltel Communications, presently known as Verizon, for an initial five-year term. The lessee is granted five additional five-year renewal terms following the initial five-year term. Pursuant to the agreement, Alltel agreed to pay the District monthly rent totaling $2,500 plus applicable sales tax. The rent will be increased each year thereafter by four percent. A first amendment to the lease agreement was entered into on December 11, 2008, in order to reduce the tenants rent. This amendment commences on January 1, 2009, and expires on December 31, 2013. On January 1, 2009, the rent was decreased to$2,200 per month. The rent shall be increased by 2% every anniversary thereafter. Alltel, presently known as Verizon, will pay all utility charges applicable to the tower. In April 2011, the monthly rent was increased an additional $556 per month due to improvements made to their antenna holdings on the communication tower. The prior year monthly rent of$2,960 was increased by 2%to$3,019 in January 2014. In September 2005, the District entered into a communications site lease agreement related to the communications tower located at Golden Gate Fire Station#71 with Metro PCS, presently known as T-Mobile, for an initial five-year term. The lessee is granted five additional five-year renewal terms following the initial five year term. Pursuant to the agreement, Metro PCS, presently known as T-Mobile, agreed to pay the District monthly rent totaling $2,500 plus applicable sales tax. The rent will be increased each year thereafter by four percent. Metro PCS, presently known as T-Mobile, pays all utility charges applicable to the tower. The prior year monthly rent was increased by 4% to$3,558 in September 2014. NOTE 10-POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS The Governmental Accounting Standards Board has issued Statement No. 45, "Accounting and Financial Reporting by Employers for Post-Employment Benefits Other Than Pensions." This Statement changes the manner in which the District funds and records its post retirement benefit cost other than pension ("OPEB"). During 2010, the District implemented the standard and accrued and fund costs rather than fund them on a pay-as-you-go basis. The District had less than 100 employees at September 30, 2010 and met the criteria for the simplified"Alternative Measurement Method", which excuses the District from obtaining an actuarial valuation for the post-employment benefit liability and allowed the District to perform a simple present value calculation. The following significant assumptions and methods were used in updating the 2014 present value calculation of the post-employment benefit liability under the"Alternative Measurement Method"for one previously retired Chief: a) One receiving benefits for approximately 21 years; b) Cost of benefits are approximately$488 per month for the second recipient; c) Long-term growth rate estimated to equal long-term inflation estimate of approximately 2%; d) Estimated discount rate of 2%which is the yield on a 10-year Treasury security at September 30, 2014; e) Discounted on a monthly basis. f) Future healthcare coverage provided solely pursuant to COBRA was not included in the OPEB valuation. At September 30, 2014, total accrued insurance benefits-previously retired chief was $23,742, see Note 6. -34- 1611 Ei 3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 11 - FUND BALANCE DISCLOSURE In accordance with GASB No. 54, the District classifies governmental fund balances(as applicable)as follows: • Non-spendable-includes fund balance amounts that cannot be spent either because they are not in spendable form or because of legal or contractual requirements(i.e., prepaid items) • Restricted -includes fund balance amounts that are constrained for specific purposes which are externally imposed by providers, such as creditors, lenders or amounts constrained due to constitutional provisions or enabling legislation. • Committed- includes fund balance amounts that are constrained for specific purposes that are internally imposed by the District through a formal action of the highest level of decision making authority. • Assigned- includes fund balance amounts that are intended to be used for specific purposes that are neither considered restricted or committed. Fund balance may be assigned through the following: (1) the District's Chief is authorized by the Commissioners to assign amounts for specific purpose as denoted in the annual budget; (2)the Commissioners have authorized the District's Chief, in coordination with the District's auditors, to recapture excess fund balance that is not restricted or committed. • Unassigned -includes residual positive fund balance within the General Fund which has not been classified within the other above mentioned classifications. Unassigned fund balance may include negative balances for any governmental fund if expenditures exceed amounts restricted, committed, or assigned for those specific purposes. The District uses restricted amounts to be spent first when both restricted and unrestricted fund balance is available unless there are legal documents and/or contracts that prohibit doing this, such as grant agreements requiring certain dollars spent. Additionally, the District would first use committed, then assigned, and lastly unassigned amounts of unrestricted fund balance when expenditures are made, with the exception of the emergency reserve established by the Commissioners. Under normal circumstances, the District would first elect to utilize the Operating Reserve(Unassigned fund balance in the General Fund) before considering use of its Emergency Reserve. The District does not have a formal minimum fund balance policy. However, the District addresses various targeted reserve balances via the annual budget process and calculates targets and actuals to report the results to the Commissioners annually. - 35 - 161 '1 B3 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2014 NOTE 11 - FUND BALANCE DISCLOSURE (Continued) A schedule of the District's fund balances at September 30, 2014 is as follows: MAJOR FUNDS GENERAL SPECIAL TOTAL FUND REVENUES FUNDS Non-spendable $ 120,934 $ 0 $ 120,934 Restricted 4,675 132,545 137,220 Committed 0 0 0 Assigned 3,368,849 0 3,368,849 Unassigned 517,995 0 517,995 Total $ 4.012,4$$ $ _ 132,54$ $ 4,144,998 NOTE 12-SAFER GRANT In September 2012, the District was awarded the Staffing for Adequate Fire and Emergency Response ("SAFER")cost reimbursement grant totaling $1,417,935 with U.S Department of Homeland Security. The purpose of the SAFER grant was to provide funding directly to fire departments in order to help them increase the number of trained"front-line"firefighters or to rehire firefighters that have been laid-off. The SAFER grant performance period is from September 29, 2012 through September 28, 2014. The District is required to comply with the provisions of OMB Circular A-133, Audits of States, Local Governments, and Nonprofit Organizations and other certain defined financial rules and regulations. This SAFER grant is on a cost reimbursement basis and requires the District to submit quarterly forms with supporting documentation for reimbursement. In conjunction with the SAFER grant agreement, the District agreed to certain reporting and compliance requirements and related monitoring benchmarks. As of September 30, 2014 and for the year then ended, the District has complied with these specific requirements. In 2014, the District reported total SAFER grant income of$730,173 of which $318,329 was included in receivables at September 30, 2014(Note 4). This receivable was paid by November 13, 2014. NOTE 13-INTERLOCAL AGREEMENT On April 23, 2013, the District entered into an interlocal agreement with East Naples Fire Control and Rescue District("ENFD")to consolidate defined services provided by each of the respective independent districts in anticipation of a proposed joint merger of the Districts. As stipulated in the agreement, the ENFD's Fire Chief would be appointed as Fire Chief of both Districts and the Fire Chief of Golden Gate Fire Control and Rescue District would be appointed as Assistant Fire Chief and second in command of both Districts. Under their supervision, they would assemble a management team from existing personnel of the District and ENFD. The management team is responsible for providing certain consolidated administrative and operational services. Also, the agreement requires separate governance, accounting and employees of both Districts. NOTE 14-SUBSEQUENT EVENT On November 4, 2014, the voters approved the merger of Golden Gate Fire District and East Naples Fire District into one special fire district to be known as Greater Naples Fire Rescue District. -36 - 1611 B3 PART II. REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A . 1611 B3 SPECIAL REVENUE FUND VARIANCE WITH FINAL BUDGET BUDGETED AMOUNTS ACTUAL POSITIVE ORIGINAL FINAL AMOUNT - (NEGATIVE) $ 0 $ 0 $ 0 $ 0 0 0 0 0 100,000 213,726 205,451 (8,275) 0 0 43 43 50,000 54.612 0 (54.612) 150.000 268.338 205.494 (62.844) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25,624 143,962 25,624 118,338 124,376 124.376 120,328 4,048 150,000 268.338 145.952 122,386 $ 0 $ 0 59,542 $ 73.003 $ 132,545 The accompanying notes are an integral part of these financial statements. -37- 16 I' 1 83 PART III. OTHER REPORTS SECTION 1611 B3 Phillips Harvey GROUP Nathan A.Phillips,CPA INDEPENDENT AUDITORS' REPORT ON INTERNAL Deborah L.Harvey,CPA CONTROL OVER FINANCIAL REPORTING _ AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED Stephanie J.Feldman,CPA IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Shannon Huber,CPA Clara V.Lopez,CPA Michelle L.Vastola,CPA February 24, 2015 To the Board of Commissioners GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT Naples, 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 the governmental activities and each major fund of GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT, as of and for the year ended September 30, 2014, and the related notes to the financial statements, which collectively comprise GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's basic financial statements, and have issued our report thereon dated February 24, 2015. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's internal control over financial reporting (internal control)to determine the auditing 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 the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control. 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 a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the District'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 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. - 38 - Certified Public Accountants 801 Laurel Oak Drive,Suite 303,Naples, FL 34108 P 239 566 1 600 I F 239 566 1901 I swflcpas.com x. 611 B3 To the Board of Commissioners • GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT February 24, 2015 Compliance and Other Matters As part of obtaining reasonable assurance about whether the District's financial statements are free from 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 District's internal control or on compliance. The report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. -L I S A V lo,P A. Certified Public Accountants Naples, Florida - 39- 1611 B3 Phillips Harvey GROUP INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE Nathan A.Phillips,CPA WITH SECTION 218.415, FLORIDA STATUTES Deborah L.Harvey,CPA Stephanie J.Feldman,CPA February 24, 2015 Shannon Huber,CPA Clara V.Lopez,CPA Michelle L.Vastola,CPA To the Board of Commissioners GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT Naples, Florida We have examined GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance with Section 218.415, Florida Statutes, regarding the investment of public funds during the year ended September 30, 2014. Management is responsible for GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance with those requirements. Our responsibility is to express an opinion on GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance with specified requirements. In our opinion, GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT complied, in all material respects, with the aforementioned requirements for the year ended September 30, 3014. This report is intended solely for the information and use of the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT and the Auditor General, State of Florida, and is not intended to be and should not be used by anyone other than these specified parties. PHILL S Z *G4 P P A Certified Public Accountants Naples, Florida -40- Certified Public Accountants 801 Laurel Oak Drive,Suite 303,Naples,FL 34108 P 239 566 1600 I F 239 566 1901 I swflcpas.com 1611 8 3 Phillips Harvey GROUP Nathan A.Phillips,CPA INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE Deborah L.Harvey,CPA FOR EACH MAJOR FEDERAL PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY OMB CIRCULAR A-133 Stephanie J.Feldman,CPA Shannon Huber,CPA Clara V.Lopez,CPA Michelle L.Vastola,CPA February 24, 2015 To the Board of Commissioners GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT Naples, Florida Report on Compliance for Each Major Federal Program We have audited GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance with the types of compliance requirements described in the OMB Circular A-133 Compliance Supplement that could have a direct and material effect on each of the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's major federal programs for the year ended September 30, 2014. The GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's major federal programs are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Management's Responsibility Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to its federal programs. Auditor's Responsibility Our responsibility is to express an opinion on compliance for each of GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's compliance. -41 - Certified Public Accountants 801 Laurel Oak Drive,Suite 303,Naples, FL 34108 P 239 566 1600 I F 239 566 1901 I swflcpas.com 83 161 1 GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT February 24, 2015 Opinion on Each Major Federal Program In our opinion, GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended September 30, 2014. Report on Internal Control over Compliance Management of the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with OMB Circular A-133, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT's internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or as combination of deficiencies, in internal control over compliance with the type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses, or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and results of that testing based on the requirements of OMB A-133 Circular. Accordingly, this report is not suitable for any other purpose. IL S ell*har?",?13.A: Certified Public Accountants Naples, Florida - 42 - 16 I 1 B3 GOLDEN GATE FIRE AND RESCUE CONTROL SCHEDULE OF FINDINGS AND QUESTIONED COSTS - FEDERAL AWARDS FISCAL YEAR ENDED SEPTEMBER 30, 2014 A. SUMMARY OF AUDITOR'S RESULTS 1. The auditor's report expresses an unmodified opinion on the GOLDEN GATE FIRE AND RESCUE CONTROL's financial statements. 2. No instances of significant deficiencies and/or material weaknesses in internal control were identified during the audit. 3. No instances of noncompliance material to the financial statements of the GOLDEN GATE FIRE AND RESCUE CONTROL which would be required to be reported in accordance with Government Auditing Standards were disclosed during the audit. 4. No instances of significant deficiencies and/or material weaknesses in internal control over the District's major federal award program were identified during the audit. 5. The auditor's report on compliance for the major federal award program for the GOLDEN GATE FIRE AND RESCUE CONTROL expresses an unmodified opinion on its one major federal award program. 6. Our audit disclosed no findings required to be reported in accordance with Section 510(a)of OMB- Circular A-133. 7. The District's one federal award program tested as a major program is as follows: CFDA NUMBER NAME OF FEDERAL AWARDS YEAR 97.044 Assistance to Fire Fighters 2014 8. The threshold for distinguishing between Type A and Type B programs was $300,000. 9. GOLDEN GATE FIRE AND RESCUE CONTROL was not determined to be a low-risk auditee. -43- 1611B3 • GOLDEN GATE FIRE AND RESCUE CONTROL SCHEDULE OF FINDINGS AND QUESTIONED COSTS - FEDERAL AWARDS FISCAL YEAR ENDED SEPTEMBER 30. 2014 B. FINDINGS-FINANCIAL STATEMENTS Findings There were no financial statement findings during the year. C. FINDINGS AND QUESTIONED COSTS- MAJOR FEDERAL AWARD PROGRAM Findings There were no audit findings related to the District's one federal award program to be reported by Section 510(A)of OMB Circular A-133. D. STATUS OF PRIOR YEAR'S AUDIT FINDINGS All prior year's audit findings have been implemented and corrected In the current year. -44- GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT 1611B3 • SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FISCAL YEAR ENDED SEPTEMBER 30, 2014 PASS THROUGH FEDERAL GRANTOR/PASS-THROUGH FEDERAL CFDA IDENTIFYING FEDERAL GRANTOR/PROGRAM OR CLUSTER TITLE NUMBER NUMBER EXPENDITURES U.S. Department of Homeland Security Direct Programs Staffing for Adequate Fire& Emergency Response(SAFER) 97.044 None $ 730.173 Total Department of Homeland Security 730.173 Total Expenditures of Federal Awards $ 730.171 NOTE A-BASIS OF PRESENTATION The Schedule of Expenditures of Federal Awards has been prepared on an accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America and is in accordance with the OMB Circular A-133,Audits of States, Local Governments, and Nonprofit Organizations. Expenditures reported on the Schedule of Expenditures of Federal Awards include cash disbursements and expenses during the fiscal year as well as grant related amounts recorded as payable at year end. Expenditures are recognized following cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, where in certain types of expenditures are not allowable or are limited as to reimbursement. Revenues reported on the Schedule of Expenditures of Federal Awards include cash receipts and revenues as well as grant receivables recorded at year end. NOTE B-INDIRECT COSTS The District does routinely allocate costs to Federal Awards. Costs charged to such programs were direct costs unless specifically incurred for the program and allowed and indicated as such. Indirect costs are allocated to the functions and programs based upon various methods which reflect appropriate cost, usage and/or benefit by the function and program. -45- ioiiB3 Phillips Harvey GROUP Nathan A.Phillips,CPA MANAGEMENT LETTER - LOCAL GOVERNMENT ENTITIES Deborah L.Harvey,CPA Stephanie J.Feldman,CPA February 24, 2015 Shannon Huber,CPA Clara V.Lopez,CPA Michelle L.Vastola,CPA To the Board of Commissioners GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT Naples, Florida Board of Commissioners: Report on the Financial Statements We have audited the financial statements of the governmental activities and each major fund of GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT as of and for the fiscal year ended September 30, 2014 and have issued our report thereon dated February 24, 2015. Auditor's Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America; 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. Other Reports and Schedule We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in accordance Government Auditing Standards, and Chapter 10.550, Rules of the Florida Auditor General. Disclosures in those reports and schedule, which are dated February 24, 2015, should be considered in conjunction with this management letter. Prior Audit Findings Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings and/or recommendations reported in the preceding annual financial audit report. -46- Certified Public Accountants 801 Laurel Oak Drive,Suite 303,Naples,FL 34108 P 239 566 1600 ' F 239 566 1901 swflcpas.com T the Board 1611 B 3 d of Commissioners GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT February 24, 2015 Page 2 Financial Condition Section 10.554(1)(i)5.a., Rules of the Auditor General, requires a statement be included as to whether or not the local governmental entity has met one or more of the conditions described in the Section 218.503(1), Florida Statutes, and identification of the specific condition met. In connection with our audit, we determined that GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT did not meet any of the conditions described in Section 218.503(1), Florida Statutes. Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures. It is management's responsibility to monitor the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT'S financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. Annual Financial Report Section 10.554(1)(i)5.b., Rules of the Auditor General, requires that we report the results of our determination as to whether the annual financial report for the GOLDEN GATE FIRE CONTROL AND RESCUE DISTRICT for the fiscal year ended September 30, 2014, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2014. In connection with our audit, we determined that these two reports were in agreement. Other Matters Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations. Section 10.554(1)(l)3., Rules of the Auditor General, requires that we address noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not have any such findings. Purpose of this Letter Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties. PHIL PS HAR GR P; P.A. Certified Public ccountants Naples, Florida -47 -