02/08/2016 AgendaCedar Hammock Community Development District
Board of Supervisors
Tom Cook, Chairman
Gary McClellan, Vice Chairman
Larry Minamyer, Assistant Secretary
Norman Day, Assistant Secretary
Vacant, Assistant Secretary
Regular Meeting Agenda
February 8, 2016 — 3:00 p.m.
1. Roll Call
2. Organizational Matters
A. Consideration of Filling Board Vacancy
Calvin Teague, District Manager
Dan Cox, District Counsel
Sam Marshall, District Engineer
3. Approval of the Minutes of the January 11, 2016 Meeting
4. Audience Comments
5. Old Business
A. Update on Bulkhead Repairs
6. New Business
A. Cardno Estimates for Well 6 Installation and Pumps for Wells 4 and 6
B. CIP planning
C. Lake Analysis Report from C.E.S.
6M12—
7. Manager's Report
A. Presentation of Proposed Budget for FY 2017
i. Consideration of Resolution 2016 -3 Approving the Budget and Setting the
Public Hearing
B. Financial Report for December, 2015
C. Acceptance of the Audit foi FY 2015
8. Attorney's Report
9. Engineer's Report
10. Communication to Master Board
11. Supervisors Request
12, Adjournment
THE NEXT REGULAR MEETING IS SCHEDULED FOR
MARCH 14, 2016 at 3 :00 P.M.
Naples Daily News
Naples, FT_ 34110
Affidavit of Publication
Naples Daily News
CEDAR HAMMOCK COMMUNITY _ — — — — — — — _._. — —
CEDAR HAMMOCK COMMUNITY
210 N UNIVERS?TY DR #702
CORAL SPRINGS FL 33071
REVERENCE: 531406 2015 Notice Meetings
H
Cedar Hammock
690340 Community Development District
The Board of Sitporvi;sors of the Cedar Hammack
Community Develetsment Distrlct' will hold their meetings for
State of Florida da fiscal Year 2016 atfhe Cedar Hammock Clubhouse, 8660 Cedar
Hammock Boulevard, Naples, Florida at 3:00 p.m. on the second
Counties of Collier and Lee Monday of the following months except as noted:
Before the undersigned authority, personall October12,2015
appeared Dan McDermott, says that he serves a November 9, 2015
January 11, 2016
the Inside Sales Supervisor, of the Naples De February 8, 2016
March 1 26
news, a daily newspaper published at Naples, April il, 2016
Collier County, Florida: that the attached c< May 9, 2016
advertising was published in said newspaper r The remavbe occasions whennneorntore Super visors
1 isted. will participate by telephone. Meetings may be continued to a
Affiant farther says that the said Naples Di.
data and time certain which will he announced at the meeting.
News is a newspaper published. at Naples, in 1. inaccordancowitlitheprovisionsoftlreAmericaoswiih
visa illties Act, any parson re uiringg special accatltmodatidns
Collier County, Florida, and that the said n
s lheeting bogause of a disability or hysicai impairment
shoo
should t:nntact the District Managyyement compzgny, Severn
has heretofore been continuously day and has T' qai
RESOLUTION 2016 -2
A RESOLUTION DESIGNATING OFFICERS OF CEDAR
HAMMOCK COMMUNITY DEVELOPMENT DISTRICT
WHEREAS, the Board of Supervisors of the Cedar Hammock Community Development
District desires to appoint the below recited persons to the offices specified.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF CEDAR HAMMOCK COMMUNITY
DEVELOPMENT DISTRICT:
1. The following persons were appointed to the offices shown, to wit:
0 -0 % Chairman
r(I ' � ! �(. a Vice Chairman
Cal Teague Secretary
Robert Koncar Treasurer
Stephen Bloom Assistant Treasurer
�' 11 {-I(,t rn1iV( Assistant Secretary
Assistant Secretary
Assistant Secretary
PASSED AND ADOPTED THIS 8TH DAY OF FEBRUARY, 2016.
y
�VL-
Chairman
Calvin Teague
Secretary
February 8, 2016 ca� Cardno, Shaping the Future
Mr. Cal Teague
Cedar Hammock CDD
Cardno
c/o Severn Trent Services
5911 Country Lakes Drive
13700 Ben C. PratUSix Mile
Fort Myers, FL 33905
Cypress Pkwy
Unit 1
Subject: Cedar Hammock WUP NO. 11- 01711 -W
Fort Myers, FL 33912
USA
Proposal to Install Production Well, Pumps and Control Features
Phone: +11239 5741919
Dear Mr. Teague:
Fax: +1239 574 8106
Cardno, Inc. (Cardno) is pleased to submit this proposal to install one new production well and
www.cardno.com
two submersible pumps capable of producing 250 gallons per minute and control features to
operate the pump systems.
Cardno proposes to provide the services outlined in the following tasks.
Task 1 - Production Well Installation: Cardno will install one 8 -inch diameter production well
(Well# 6) completed in the Lower Tamiami aquifer. Following the completion of the field work and
analysis of collected data, a brief letter report of the installation activities will be provided.
The cost for this task includes the fees of a licensed drilling subcontractor, Collier County drilling
construction permit, Cardno's professional services for construction oversight by a field
hydrogeologist, preparation of a site specific health and safety plan, and data evaluation.
The cost to provide the proposed Task 1 services is $20,500.00 lump sum.
Task 2 - Well Pumps & Control Features Installations: Cardno will install two submersible
pumps with control systems. A pump with control system will be installed in the existing Well #4
and in the newly constructed Well #6. The components to this system will include the following
items to complete the well and pump system for each well.
• 10- horsepower pump and motor set on 3 -inch Certa -Lok drop pipe.
• Motor starter to control the operation of the pump system.
• 24 -hour timer to control the operation of the pump.
• 3 -inch diameter calibrated flow meter.
• Concrete pedestal to mount starter, pump and motor control features.
• Protective fiberglass enclosure for control features.
• 8 -inch Simmons cast iron well seal.
• 3/16 -inch stainless steel safety cable.
The cost for Task 2 elements is $41,400.00 lump sum.
The proposed cost for Task 2 assumes the installation of a 10- horsepower pump motor. If the
well's productive capacity is such that a larger or smaller capacity pump is required, the cost will
be adjusted based on the following schedule.
The reduction from a 10- horsepower pump to 7.5- horsepower pump will reduce the cost by
$210.00 and the reduction to a 5- horsepower pump will reduce the cost by $565.00. If a larger
Australia • Belgium • Canada • Colombia - Ecuador - Germany • Indonesia
Kenya • New Zealand - Nigeria • Papua New Guinea • Peru • Philippines • Singapore
United Arab Emirates • United Kingdom • United States • Operations in over 100 countries
Cedar Hammock CDD
February 8, 2016
C4� Car -dno,
Shaping the Future
capacity pump is required, the installation of a 15- horsepower pump will increase the cost by $615.00.
The total cost for Task 1 and 2 elements is $61,900.00 lump sum.
The location of Well #6 needs to be determined in coordination with Cedar Hammock CDD input. The as -built
location of Well #6 may be varied somewhat from its permitted location without requiring any permit modifications.
The ability to vary the location of the well is advantageous to reduce the impacts to existing facilities and to position
the well in the most favorable location relative to electrical supply. Additionally, the routing for the discharge line
from Well 44 to the lake will need to be determined.
Based on the variability of the location of Well #6 and the need to determine the optimal routing of discharge from
Well #4, this proposal does not include a cost for electrical power supply for both wells or installing the well
discharge lines from the wells to the lake system. A separate proposal will be provided for these additional
services upon request once the location of Well #6 and the routing of discharge lines have been determined.
The cost assumes clear access to the well site, which will be staked by the Client (with Cardno assistance, if
requested). This proposal does not constitute a guarantee from Cardno with regard to the quantity and quality of
water produced from the proposed well. Underground utility locations will be conducted by Client prior to
construction.
The well drilling contractor will exercise due diligence and take precautions to avoid damage to existing facilities as
a result of normal construction activities. However, considering the need to mobilize a drill rig to the well site,
Cardno and the drilling contractor are not responsible for damages to power, water, irrigation, cable TV, fiber optic,
phone, gas, LP gas, curbs, landscaping or other existing facilities. Additionally, Cardno the drilling contractor are not
responsible for site restoration of plants, grass, sidewalks, concrete, asphalt, trees, paint, or other items which may
be impacted by the required site activities.
Cardno appreciates the opportunity to provide a proposal for hydrogeological services on your behalf. Please find
attached a Professional Services Agreements. If this proposal is acceptable, please execute two copies of the
Agreement, retain one for your files, and return the other to Cardno. You may forward a copy of the authorization
via email to expedite the start of work.
Should you have any comments or questions, or require additional information, please do not hesitate to contact us.
Sincerely,
Stephan P. Kohlmeier
Water Resource Analyst
Cardno
Direct Line: 239.829.7011
Email: stephan. kohlmeier(a)cardno.com
Enc: Professional Services Agreement (2 Originals)
File: Cedar HammockTroposals %k _ ch_ct_pro_2.8.2016
Gary Susdoff
HydrogeologistlSenior Project Scientist
Cardno
Direct Line: 239.829.7025
Email: gary.susdorf(&cardno.com
www.cardno.com
CLIENT:
Cedar Hammock CDD
c/o Severn Trent 5911 Country Lakes Drive
Fort Myers, FL 33905
Cal Teague
Phone: (239) 245 -7118
Email: cteague @sevemtrentms.00m
Date: February 8, 2016
Cardno Project ID: N/A
CARDNO: Fort Myers Phone: (239) 829 -7025
Cardno Contact: Gary Susdorf Email: gary.susdorf@cardno.com
Project Name /Location: Cedar Hammock Well & Pump Systems, Naples, Florida
Fee Type: Lump Sum
Retainer: A retainer in the amount of $0.00 will be paid to Cardno upon contract execution and prior to the start of work. The retained
amount will be credited on the final invoice(s) for services contracted under this Agreement.
Estimated Budget: $61,900.00
Scope of Services.
Outlined in proposal dated February 8, 2016
Special Conditions:
Does not include power supply or discharge line installation. Task 2 cost adjustment to be based on selected pump size.
This Agreement and the attached Terms and Conditions and Scope of Services constitute the complete agreement between Cardno and Client with respect
to the scope of services hereunder.
Fort Myers
By: /
Print Name: Gary Susdorf
Title: Hydrogeologist
A3 — Cardno Short Form Agreement
Z Wrolwl H1n%CMnts A- I]red& HammwWropmalask_ch cl_pro- ftwmenL2.8.2016.damt
Cedar Hammock CDD
By: � 1--rL
Print Name: k VVC- , AA 6 '0 . C ,4-
Title: C M k zn A 0 0-14 C- Z D
Page 1 of 2
2012 Y1
TERMS AND CONDITIONS
Cardno shall perform the services outlined in this Agreement for the stated fee in accordance with these terms and conditions:
1) Access To Site (if applicable): Upon execution of this Agreement, the Client represents that they have secured legal rights to access the property
and authorizes Cardno staff to access the site for activities necessary for the performance of the services.
2) Payment: Invoices for Cardno's services shall be submitted on a monthly basis. Invoices shall be payable within thirty (30) days after the invoice date.
In the event that the Client disputes any portion of an invoice, client shall notify Cardno of such disputed items within ten (10) days of invoice date.
Retainers /deposits shall be credited on the final invoice. Failure to make any payment when due is a material breach of this Agreement and will entitle
Cardno, at 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 allowable. In the event any invoice has not been paid
in full within ninety (90) days of the invoice date, Cardno shall have the right to immediately suspend all or any portion of the Services hereunder
indefinitely pending payment in full of such invoice(s).
3) Indemnification: Cardno and Client shall indemnify and hold harmless each other from and against damages, liabilities, costs and expenses, including
but not limited to reimbursement of reasonable attorney fees arising out of damages or injuries to persons or property to the extent caused by the
negligence, gross negligence or willful misconduct by the other party or anyone acting under its direction or control or on its behalf in the course of its
performance under this Agreement; provided that each party's aforesaid indemnity agreement shall not be applicable to any liability based upon willful
misconduct or negligence of the other party. In no event shall either party be responsible for any form of consequential damages, including, but not
limited to loss of sales, loss of profits, and attorney fees thereon. For purposes of this Paragraph, the duty to indemnify does not include the duty to pay
for or to provide an up -front defense against unproven claims or allegations. Where any claim results from the joint negligence, gross negligence or
willful misconduct by Client and Cardno, the amount of such damage for which Client or Cardno is liable as indemnitor under this Paragraph shall equal
(i) the proportionate part that the amount of such claim attributable to such indemnitors negligence, gross negligence or willful misconduct bears to (ii)
the amount of the total claim attributable to the joint negligence, gross negligence or willful misconduct at issue.
4) Limitation of Liabilities: Notwithstanding any other provision in this Agreement, the Client agrees to strictly limit Cardno's liability under this
Agreement or arising from the performance or non performance of the Services under any theory of law, including but not limited to claims for
negligence, negligent misrepresentation and breach of contract, to the lesser of the fees paid to Cardno for the Services or $ 61,900.00. No claim may
be brought against Cardno in contract or tort more than two (2) years after the cause of action arose. Any claim, suit, demand or action brought under
this Agreement shall be directed and/or asserted only against Cardno and not against any of Cardno's employees, shareholders, officers or directors.
Cardno's liability with respect to any claims arising out of this Agreement shall be limited as provided herein to direct damages arising out of the
performance of the Services and Cardno shall not be held responsible or liable whatsoever for any consequential damages, injury or damage incurred
by the actions or inactions of the Client, including but not limited to claims for loss of use, loss of profits and loss of markets.
5) Termination: Subject to Paragraph 2, this Agreement will continue in effect until terminated by either party upon thirty (30) days written notice to the
other party. In the event of any termination, Cardno shall be paid for all services rendered and reimbursables incurred through the date of notice of
termination. In the event of termination, the Client shall pay all additional costs reasonably related to termination of the project and a proportionate
amount of the consideration hereunder commensurate with the portion of the project accomplished.
6) Force Majeure: Any suspension, temporary or permanent, in the performance of this Agreement caused by any of the following events and without
fault or negligence on the part of the defaulting party shall not constitute a breach of contract: labor strikes, riots, war, acts of governmental authorities,
unusually severe weather conditions or other natural catastrophic events, or any other similar event beyond the reasonable control or contemplation of
either party.
7) Assignment: Neither party to this Agreement shall, without the prior written consent, of the other party, which shall not be unreasonably withheld,
assign the benefit or in any way transfer any claim or obligation under this Agreement or any part hereof. This Agreement shall inure to the benefit of
and be binding upon the parties hereto, and except as otherwise provided herein, upon their executors, administrators, successors, and assigns.
8) Ownership of Documents: All report documents produced by Cardno under this Agreement shall be made available to the Client upon receipt of full
payment for services rendered. Cardno shall retain ownership of all field notes, computer files and project files used to produce the work products and
may make copies of all work products.
9) Governing Law: The validity of this Agreement and any of its terms or provisions, as well as the rights and duties of the parties hereunder, shall be
interpreted and governed by the laws of the State of Florida.
10) Legal Construction: In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid or unenforceable
in any respect, such invalidity or unenforceability shall not affect any other provision hereof. This Agreement shall be construed as if such invalid or
unenforceable provision had never been contained herein.
11) Notices: Any notices or written statements hereunder shall be deemed to have been given when mailed by certified or registered mail or via email,
with receipt of reply, to the party entitled thereto at its address noted at the top of this Agreement or at such other latest address as it may designate in
writing to the other party for this purpose.
12) Entire Agreement: This Agreement supersedes any and all other agreements, either oral or in writing, between the parties relating to the subject
matter of this Agreement and is the entire understanding and agreement related thereto. This Agreement may be amended by mutual consent of the
parties in writing to be attached hereto and incorporated herein, executed by Cardno's and the Client's respective representatives.
13) Non-Solicitation: Neither party shall knowingly solicit, recruit, hire or otherwise employ or retain the employees of the other working under this
Agreement during the term of this Agreement and for one (1) year following the termination or expiration of this Agreement without the prior written
consent of the other party.
14) Waiver: Failure by one party to notify the other party of a breach of any provision of this Agreement shall not constitute a waiver of any continuing
breach. Failure by one party to enforce any of its rights under this Agreement shall not constitute a waiver of those rights. The waiver by either party of
a breach or violation of any provision of this Agreement shag not operate as, or be construed to be, a waiver of any subsequent breach of the same or
any other provision hereof.
A3 - Cardno Short Form Agreement Page 2 of 2
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RESOLUTION 2016 -3
A RESOLUTION OF THE BOARD OF SUPERVISORS OF
THE CEDAR HAMMOCK COMMUNITY DEVELOPMENT
DISTRICT APPROVING THE BUDGET FOR FISCAL
YEAR 2017 AND SETTING A PUBLIC HEARING
THEREON PURSUANT TO FLORIDA LAW
WHEREAS, the District Manager has heretofore prepared and subinitted to the Board a
proposed operating and /or debt service budget for Fiscal Year 2017; a copy of which is attached
hereto, and
WHEREAS, the Board of Supervisors has considered said proposed budget and desires to
set the required public hearing thereon;
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF THE CEDAR HAMMOCK COMMUNITY
DEVELOPMENT DISTRICT;
The budget proposed by the District Manager for Fiscal Year 2017 is hereby
approved as the basis for conducting apublic hearing to adopt said budget.
2. A public hearing on said approved budget is hereby declared and set for the following
date, hour and place:
Date: April 11, 2016
Hour: 3:00 P.M.
Place: Cedar Hammock Clubhouse
8660 Cedar Hammock Boulevard
Naples, Florida
Notice of this public hearing shall be published in the manner prescribed in Florida Law.
Adopted this 8'h day of February, 2016.
CA,,
Tom Cook.
Chairman
3
Calvin Teague --
Secretary
CEDAR HAMMOCK
Community Development District
Annual Operating Budget
Fiscal Year 2017
Version 1 - Approved Tentative Budget:
(Printed on 2!9!2416 10am)
Prepared by:
CEDAR HAMMOCK
Community Development District
Table of Contents
OPERATING BUDGET
General Fund
Page #
Summary of Revenues, Expenditures and Changes in Fund Balances .... ............................... 1
BudgetNarrative .......................................................................... ............................... 2 -4
Exhibit A - Allocation of Fund Balances ............................................. ............................... 5
SUPPORTING BUDGET SCHEDULES
2016 -2017 Non -Ad Valorem Assessment Summary .................................. ............................... 6
Cedar Hammock
Community Development District
Operating Budget
Fiscal Year 2017
CEDAR HAMMOCK
Community Development District General Fund
Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2017 Proposed Budget
EXPENDITURES
ProfServ- Engineering
23,957
ADOPTED
ACTUAL
PROJECTED
TOTAL
ANNUAL
ProfSery -Legal Services
ACTUAL
BUDGET
THRU
JAN-
PROJECTED
BUDGET
ACCOUNT DESCRIPTION
FY 2015
FY 2016
DEC -2015
SEP -2016
FY 2016
FY 2017
REVENUES
4,195
4,195
4,195
-
4,195
4,195
Interest - Investments
$ 2,707
$ 2,017
$ 498
$ 1,500
$ 1,998
$ 2,017
Special Assmnts- Tax Collector
279,650
279,653
254,450
25,203
279,653
279,653
Special Assmnts- Delinquent
350
-
-
-
673
765
Special Assmnts- Discounts
(10,132)
(11,186)
(10,011)
(504)
(10,515)
(11,186)
TOTAL REVENUES
272,575
270,484
244,937
26,199
271,136
270,484
EXPENDITURES
ProfServ- Engineering
23,957
20,000
-
10,000
10,000
15,000
ProfSery -Legal Services
627
3,000
250
500
750
2,000
ProfServ-Mgmt Consulting Sery
34,123
35,146
8,786
26,360
35,146
36,200
ProfServ- Property Appraiser
4,195
4,195
4,195
-
4,195
4,195
ProfServ- Special Assessment
2,772
2,855
2,855
-
2,855
2,855
Auditing Services
5,000
5,000
-
5,000
5,000
5,000
Postage and Freight
425
1,065
123
550
673
765
Insurance - General Liability
7,061
8,120
7,135
-
7,135
7,500
Printing and Binding
633
700
334
664
998
1,000
Legal Advertising
668
2,000
419
500
919
1,500
Misc -Bank Charges
609
600
181
400
581
600
Misc- Assessmnt Collection Cost
3,297
5,593
4,889
504
5,393
5,593
Misc -Web Hosting
345
800
232
450
682
850
Office Supplies
44
400
121
240
361
400
Annual District Filing Fee
175
175
175
-
175
175
Total Administrative
83,931
89,649
29,695
45,168
74,863
83,633
Field
ProfServ-Field Management
500
700
-
700
700
1,450
Contracts -Water Mgmt Services
7,200
7,200
1,800
5,400
7,200
7,200
Contracts -Water Quality
10,910
10,910
4,535
6,375
10,910
10,910
Utility - Cameras
1,136
1,200
320
1,080
1,400
1,200
R &M -Lake
-
3,000
156
2,500
2,656
3,000
R &M -Plant Replacement
3,533
-
3,015
Misc - Contingency
1,938
16,000
5,000
5,000
18,251
Capital Outlay
5,631
24,825
15,000
15,000
24,825
Reserve - Bridges
-
15,000
-
-
15.000
Reserve - Bulkheads
40,041
15,000
30,000
30,000
15,000
Reserve - Lakes
15,000
72,000
72,000
15,000
Reserve - Roadways
120,767
72,000
-
-
-
72,000
TotaiField
191,656
180,835
6,811
138,066
144,866
186,851
TOTAL EXPENDITURES
275,587
270,484
36,606
183,223
219,729
270,484
Net change in fund balance (3,012) - 208,431 (157,024) 51,407 0
FUND BALANCE, BEGINNING 668,162 665,150 665,150 - 665,150 716,557
FUND BALANCE, ENDING $$ 6® $$ 6 $ 873,581 $ (157,024) $ 716,657 $ 716,557
Annual Operating Budget
Fiscal Year 2017 Page 1
Cedar Hammock
Community Development District General Fund
Budget Narrative
Fiscal Year 2017
REVENUES:
Interest Income
The District earns interest on the monthly average collected balance for their operating
accounts, money market accounts and certificates of deposits.
Special Assessments - Tax Collector
The District will levy a Non -Ad Valorem assessment on all sold and platted parcels within the
District in order to pay for the operating expenditures during the Fiscal Year.
Special Assessments Discounts
Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments.
The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non -Ad Valorem
assessments.
Administrative;
Prof Service - Engineering
The District's engineer will be providing general engineering services to the District, i.e.,
attendance and preparation for monthly board meetings, review invoices, etc.
Prof Service - Legal Services
The District's legal counsel will be providing general legal services to the District, i.e.,
attendance & preparation for monthly meetings, review operating & maintenance contracts, etc.
Prof Service - Management Consulting Sery
The District receives Management, Accounting and Administrative services as part of a
Management Agreement with Severn Trent Environmental Services, Inc. These services are
further outlined in Exhibit "A" of the Management Agreement.
Prof Service - 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 property appraiser costs was
based on 1.5% of gross assessments.
Annual Operating Budget
Fiscal Year 2017
Page 2
Cedar Hammock
Community Development District General Fund
Budget Narrative
Fiscal Year 2017
Prof Service - 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.
Auditing Services
The District is required annually to conduct an audit of its financial records by an Independent
Certified Public Accounting Firm.
Postage and Freight
Mailing of agenda packages, overnight deliveries, correspondence, etc.
Insurance - General Liability
The District's General Liability & Public Officials Liability Insurance policy is with The Florida
League of Cities, Inc. The Florida League of Cities, Inc. specializes in providing insurance
coverage to govemmental agencies.
Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks,
stationary, envelopes etc.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings,
etc. in a newspaper of general circulation.
Misc - Bank Charles
Bank analysis fees that are incurred during the year.
Misc-Assessment Collection Costs
The District reimburses the Tax Collector for her or his necessary administrative costs.
Per the Florida Statutes, administrative costs shall include, but not be limited to, those
costs associated with personnel, forms, supplies, data processing, computer equipment,
postage, and programming. The District also compensates the Tax Collector for the
actual cost of collection or 2% on the amount of special assessments collected and
remitted, whichever is greater. The budget for collection costs was based on a maximum
of 2% of the anticipated assessment collections.
Misc — Web Hosting
The District incurs expenses to maintain their website.
Office Supplies
Miscellaneous office supplies required for the preparation of agenda packages.
Annual Operating Budget
Fiscal Year 2017
Page 3
Cedar Hammock
Community Development District General Fund
Budget Narrative
Fiscal Year 2017
Annual District Filing Fee
The District is required to pay an annual fee to the Department of Economic Opportunity
Division of Community Development for $175.
Field Services:
Prof Service — Field Management
The District contracted with Sevem Trent Services to inspect the field and provide an
annual report.
Contracts — Water Mgmt Services
Professional services for environmental permit compliance. Currently all fees associated with the
renewal of the Water Use Permit.
Contracts - Water Ouality Monitoring Services
Testing and other professional services in monitoring water quality for reporting to regulatory
agencies.
Utility — Cameras
Comeast provides monitoring services for the District's gate cameras.
R &M - Lake
Repair and maintenance expenses related to lakes including washout repairs and erosion.
Mise- Contingency
Any current year Field expenditure that may not have been provided for in the budget.
Capital Outlay
Capital expenditures for items such as irrigation equipment or other items meeting capital
expenditure requirements with a cost of at least $1,000 and a life expectancy of at least 3 years.
Reserve - Bridp-es
Funds to be set aside for future bridge expenditures as determined by the BOS.
Reserve - Bulkheads
Funds to be set aside for future bulkhead expenditures as determined by the BOS.
Reserve - Lakes
Funds to be set aside for future lake expenditures as determined by the BOS.
Reserve - Roadways
Funds to be set aside for future roadway expenditures as determined by the BOS.
Annual Operating Budget
Fiscal Year 2017
Page 4
CEDAR HAMMOCK
Community Development District General Fund
Exhibit "A"
Allocation of Fund Balances
AVAILABLE FUNDS
Amount
Beginning Fund Balance - Fiscal Year 2017
$
716,557
Net Change in Fund Balance - Fiscal Year 2017
-
Reserves - Fiscal Year 2017 Additions
117,000
Total Funds Available Estimated • 9/3012017
833,557
ALLOCATION OF AVAILABLE FUNDS
Assigned Fund Balance
Operating Reserve - First Quarter Operating Capital
38,371
Reserves - Bridges
FY 2011 Reserve Funding
9,477
FY 2012 Reserve Funding
23,703
FY 2013 Reserve Funding
25,000
FY 2014 Reserve Funding
15,000
FY 2015 Reserve Funding
15,000
FY 2016 Reserve Funding
15,000
FY 2017 Reserve Funding
15,000
118,180
Reserves - Bulkheads
FY 2011 Reserve Funding
40,000
FY 2012 Reserve Funding
38,245
FY 2013 Reserve Funding
47,000
FY 2014 Reserve Funding
15,000
FY 2015 Reserve Funding
15,000
FY 2015 Use of Reserve Funding
(40,041)
FY 2016 Reserve Funding (projected)
(15,000)
FY 2017 Reserve Funding
15,000
115,204
Reserves - Lakes
FY 2011 Reserve Funding
14,627
FY 2012 Reserve Funding
36,833
FY 2013 Reserve Funding
19,000
FY 2014 Reserve Funding
15,000
FY 2015 Reserve Funding
15,000
FY 2016 Reserve Funding (projected)
(57,000)
FY 2017 Reserve Funding
15,000
58,460
Reserves - Roadways
FY 2011 Reserve Funding
145,000
FY 2012 Reserve Funding
23,375
FY 2013 Reserve Funding
25,223
FY 2014 Reserve Funding
72,000
FY 2015 Use of Reserve Funding
(120,767)
FY 2016 Reserve Funding
72,000
FY 2017 Reserve Funding
72,000
288,831
Subtotal
619,046
Total Allocation of Available Funds
619,046
Total Unassigned (undesignated) Cash
$
214,611
Notes
(1) Represents approximately 3 months of operating expenditures
Annual Operating Budget
Fiscal Year 2017 Page 5
Cedar Hammock
Community Development District
Supporting Budget Schedules
Fiscal Year 2017
CEDAR HAMMOCK
Community Development District
Cedar Hammock
Community Development District
2016 -2017 Assessment
IO &M Assessment
Product
FY 2016
FY 2017
Percent
Change
All Units
$ 350.00
$ 350.00
0.0%
Annual Operating Budget
Fiscal Year 2017 Page 6
Cedar. Hammock
Community Development District
December 31, 2015
Prepared by
CEDAR HAMMOCK
Community Development District
Table of Contents
FINANCIAL STATEMENTS
Balance Sheet ...........................
Statement of Revenues, Expenditures and Changes in Fund Balances
General Fund
SUPPORTING SCHEDULES
Non -Ad Valorem Special Assessments
Accounts Payable Report & Invoice Copies ........................... ...............................
Cash and Investment Report ................ ....... ........ I .......... .............. I.
Suntrust Bank Reconciliation ........................... ...............................
Check Register & Invoice Copies ............................... I .......... ................
Page 1
Page 2
Page 3
Pages 4 - 6
Page 7
Page 8
Pages 9 - 21
CEDAR HAMMOCK
Community Development District
Financial Statements
(Unaudited)
December 31, 2015
CEDAR HAMMOCK
Community Development District
Balance Sheet
December 31, 2015
ACCOUNT DESCRIPTION TOTAL
ASSETS
Cash - Checking Account $ 310,977
Interest/Dividend Receivables 350
Investments:
Certificates of Deposit - 18 Months 100,000
Money Market Account 469,251
TOTAL ASSETS $ 880,578
LIABILITIES
Accounts Payable $ 6,147
Accrued Expenses 850
ITOTAL LIABILITIES 6,997
FUND BALANCES
Assigned to:
Operating Reserves
38,371
Reserves - Bridges
88,180
Reserves - Bulkheads
115,204
Reserves - Lakes
100,460
Reserves - Roadways
216,831
Unassigned:
314,535
TOTAL FUND BALANCES
$ 873,581
TOTAL LIABILITIES & FUND BALANCES $ 880,578
General Fund
Report Date: 1/25/2016
Page 1
CEDAR HAMMOCK
Community Development District
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending December 31, 2015
General Fund
ANNUAL
ADOPTED YTD YTD VARIANCE {$) DEC -15
ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ACTUAL
REVENUES.
20,000
5,000
-
5,000
-
Interest - Investments
$ 2,017 $
504 $
498 $
(6)
$ 170
Special Assmnts- Tax Collector
279,653
240,837
254,450
13,613
69,650
Special Assmnts- Discounts
(11,186)
(10,771)
(10,011)
760
(2,574)
TOTAL REVENUES
270,484
230,570
244,937
14,367
67,246
EXPENDITURES
ProfServ- Engineering
20,000
5,000
-
5,000
-
ProfServ-Legal Services
3,000
750
250
500
250
ProfServ-Mgmt Consulting Sery
35,146
8,787
8,786
1
2,929
ProfServ- Property Appraiser
4,195
4,195
4,195
-
-
ProfServ- Special Assessment
2,855
2,855
2,855
2,855
Auditing Services
5,000
-
-
-
Postage and Freight
1,065
266
123
143
5
Insurance - General Liability
8,120
8,120
7,135
985
-
Printing and Binding
700
175
334
(159)
166
Legal Advertising
2,000
501
419
82
-
Misc -Bank Charges
600
150
181
(31)
99
Misc- Assessmnt Collection Cost
5,593
4,817
4,889
(72)
1,342
Misc -Web Hosting
800
200
232
(32)
132
Office Supplies
400
100
121
(21)
61
Annual District Filing Fee
175
175
175
Total Administration
89,649
36,091
29,695
6,396
7,839
Field
ProfServ-Field Management
700
700
-
700
-
Contracts -Water Mgmt Services
7,200
1,800
1,800
-
600
Contracts -Water Quality
10,910
2,728
4,535
(1,807)
-
Utility - Cameras
1,200
300
320
(20)
113
R &M -Lake
3,000
750
156
594
-
Misc- Contingency
16,000
4,000
4,000
Capital Outlay
24,825
6,205
6,205
-
Reserve - Bridges
15,000
15,000
15,000
-
Reserve - Bulkheads
15,000
15,000
15,000
Reserve - Lakes
15,000
15,000
15,000
Reserve - Roadways
72,000
72,000
72,000
Total Field
180,835
133,483
6,811
126,672
713
TOTAL EXPENDITURES
270,484
169,574
36,506
133,068
8,552
Net change in fund balance
$ -
$ 60,096
$ 208,431 $
147,435 $
58,694
FUND BALANCE, BEGINNING (OCT 1, 2016)
665,150
665,150
665,150
FUND BALANCE, ENDING
$ 665,150
$ 726,146
$ 873,581
Report Date: 1/2512016 Page 2
CEDAR HAMMOCK
Community Development District
Supporting Schedules
December 31, 2015
Cedar Hammock
Community Development District
Non -Ad Valorem Special Assessments
(Collier County Tax Collector - Monthly Collection Distributions)
For the Fiscal Year Ending September 30, 2016
Date
Received
Net Amount
Received
Discount /
(Penalties)
Amount
County
Expense
Amount
Gross
Amount
Received
Assessments Levied
$279,650
Allocation %
100 %'I
11/04115
$ 3,249
$ 185
$ 66
$ 3,500
11/16/15
51,368
2,184
1,048
54,600
11/30/15
119,199
5,068
2,433
126,700
1 2/14/15
51,755
2,138
1,056
54,950
12/31/15
13,979
436
285
14,700
TOTAL $ 239,550 $ 10,011 $ 4,889 $ 254,450
% COLLECTED 91%
TOTAL OUTSTANDING $ 25,200
Report Date: 1/25/2016 Prepared by:
Severn Trent Management Services Page 3
Aged Accounts Payable
ABedOv_erdueAmounts
Cedar Hammock COD
(Detail, aged as of December 31, 2015)
Current
Up To 30 Days
Aged by due date.
Over 60 Days Curr.
Contact:
Document Number is External Document No.
No. Name , _ _ _ _
Document
0.00
Due Date Description Type
Number
Balance Due
6 SEVERN TRENT ENVIRONMENTAL
Phone:
281- 578 -4200
1211812015 DEC MGMT FEE, EMAIL Invoice
2082270
3,291.88
12/18/2015 FY2016 ASSESSMENT ROLL Invoice
2082392
2,855.00
6 Total Amount Due
0.00
6,146.68
Report Total Amount Due (USD) 6,146.68
Monday, January 25, 2016 1 :35 PM
Page 1
STSWATERWPOLANEC
................
ABedOv_erdueAmounts
Doc.
Current
Up To 30 Days
31 - 60 Days
Over 60 Days Curr.
Contact:
0.00
3,291.88
0.00
0.00
0.00
2,65500
0.00
0.00
000
6,146.88
0.00
0.00
0.00%
100.00%
0.00%
0.00%
0.00
6,146.88
0.00
0.00
0.00%
100.00%
0.00%
0.00%
Page 4
Severn Trent Environmental Services, Inc.
16337 Park Row
Houston, Texas 77084
Telephorie 281578 4200
Fax 281398 3715
Management Services
SRO INVOICE' STES 2082270
Page: 1 1
Invoice Gate: 12!18115
Salesperson:
u�LI TOi .11...__..' . . ..... . .... . ..... .... r.
1-00077
I CEDAR fIJA"OCK CDD
CEDAR IIAMOCK CDO
210 N UNIVERSITY DR 210 N UNIVERSITY DR
S
STE 702 TE 702
CORAL SPRINGS Fj., 33071 j CORAL SPRINGS F1 33071
USA
SA
REF Cust PO
S147020
Item:
Description
DECEMBER 2015 MANAGEMENT FEES
MANAGEMENT FEE- ADMIN
001.531027,51201.5000
MANAGEMENT FEES-FIELD OP SVC
001.531016.53901.5000
POSTAGE
001.541006.51301..5000
COPIES
001.54700'..51301.5000
PHONE
001.541003,51301.5000
OFFICE SUPPLIES
001.551002.51301.5000
FAXES
001.541003.51301,5000
WEB HOSTING
OCT - SEFT 2016 MONTHLY WEBSITE FEE
PASS THRU
10/21/15 CAL TEAGUE, D14H C09XDDy,CCJ'M
EMAIL RENEWAL $81-50
RECEIVED
CORAL SPRINGS, FL
DEC 2 4 2015
SEVERN TRENT- ENVIRONMENTAL
SERVICES, INC.
Ship Via Terms
NET 30 DAYS
Di t
Quantity U/M Price Extension
1.00
EA
2,928.83
2,928.83
.00
EA
0.00
0.00
1.00
EA
4.65
4.65
1.00
EA
166.40
3.66.40
.00
EA
0.00
0.00
4.00
EA
60150
60.50
00
EA
0.00
0.00
1.00
EA
50.00
50.00
1.00
EA
81.50
81.50
DETACH AND RETURN WITH REMITTANCE
Invoice: 2082210 Custolucr: 1-00077 CEDAR i!21mOCY CDD
REMIT TO: Severn Tient Environmental Services, Inc.
Mail Code 5161
P.O. Box 660367
Dallas, TX 75266-0367
Sub Total;
3'291.86
Misc Charges:
0.00
Freight:
0.00
Tax Amount:
0.00
To-,,al;
3,291,89
3,291.89
Page 5
flcnnittaficc Amount
Severn Trent Environmental Services, Inc.
16337 Park Row,
Houston, Texas 77084
Telephone 281578 4200
Fax 281 398 3715
Management Services
SRO INVOICE: STES 2092392
Page:
Invoice Date: 1.2. /1-8 /-15
Sai'asperson!
,,cis? TO
1-00077
CEDAR HAMMOCK CDD CKDAR HAMMOCK CDD
210 N UNIVERSITY DR 210 N UNIVERSITY DR
STE 702 i STE 702
C
CORAL SPRINGS FL 33071 ORAL SPRINGS FL 33071
USA USA
REF Cost PO Ship Via Terns
5147021 14ET 30 DAYS
I L elft;
Description Quanrity U /M Price Extension
ASSESSMENT ROLL SERVICES 1.00 GA 2,855.00 2,855.00
RECEIVED
CORAL SPRINGS, FL
DEC 2 4 2015
SEVERN TRENTENVIRONMENTAL
SERViCES, INC
DETACH AND RETURN WITH REMITTANCE
Invoice: EDAR k L %1voice. 2082392 Customer- 1-000,'� AI t 10' -K COD
REMIT TOO Severn Trent Environmental Services, Inc.
Mail Code 5161
P.O. Box 660367
Dallas. TX 75266-0367
Sub Totai:
Charges:
Freight:
Tax Amount:
Total:
21855.00
0.00
0.00
0,00
2,855,00
2,855.100
Page 6
11ca rnii'anGe Al'f100-It
CEDAR HAMMOCK
Community Development District
Cash and Investment Report
December 31, 2015
General Fund
Account Name Bank Name Investment Type
Checking Account - Operating SunTrust Bank n/a
Certificate of Deposit Stonegate Bank 18 month CD
Money Market Account Stonegate Bank Public Funds MMA
' "1/18/16 - Purchased 12 mo CD @ BankUnited 0.80% for $200,000
Report Date: 1/25/2016 Prepared By:
Severn Trent Management Services
Maturi Yield
n/a 0,01%
8/10/16 0.60%
n/a 0.40%
Total
All Funds
Balance
$ 310,977
100,000
469,251
$ 880,228
Page /
Cedar Hammock CDD
Bank Reconciliation
Bank Account No.
9995
SunTrust - GF
Statement No.
12 -15
Statement Date
12/31/2015
GIL Balance (LCY)
310,976.98
Statement Balance
311,015.32
GIL Balance
310,976.98
Outstanding Deposits
0.00
Positive Adjustments
0.00
--
--
Subtotal
311,015.32
Subtotal
310,976.98
Outstanding Checks
38.34
Negative Adjustments
0.00
Differences
0.00
Ending GIL Balance
310,976.98
Ending Balance
310,976.98
Difference
0.00
Posting Document
Document
Cleared
Date Type
No.
Description
Amount Amount Difference
Outstanding Checks
12/22/2015 Payment
001685
COLLIER COUNTY TAX COLLECTOR
38.34 0.00 38.34
TotalOutstanding Checks .......................................................................................
...............................
38.34 38.34
Page 8
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Cedar Hammock
Community Development District
ANNUAL FINANCIAL REPORT
September 30, 2015
Cedar Hammock Community Development District
ANNUAL FINANCIAL REPORT
Fiscal Year Ended September 30, 2015
TABLE OF CONTENTS
Page
Number
REPORT OF INDEPENDENT AUDITORS 1 -2
MANAGEMENT'S DISCUSSION AND ANALYSIS 3 -7
BASIC FINANCIAL STATEMENTS:
Government -wide Financial Statements
Statement of Net Position
8
Statement of Activities
9
Fund Financial Statements:
Balance Sheet — General Fund
10
Reconciliation of Total Governmental Fund Balances to Net
Position of Governmental Activities
11
Statement of Revenues, Expenditures and Changes in Fund
Balances — General Fund
12
Reconciliation of the Statement of Revenues, Expenditures and
Change in Fund Balances of Governmental Funds to the
Statement of Activities
13
Statement of Revenues, Expenditures and Change in Fund
Balances — Budget and Actual — General Fund
14
Notes to Financial Statements
15 -23
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER
MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS
PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING
STANDARDS 24 -25
MANAGEMENT LETTER
26 -27
INDEPENDENT ACCOUNTANT'S REPORT I COMPLIANCE WITH
SECTION 218.415, FLORIDA STATUTES 28
ee,rc
Berger, Toombs, Elam,
Gaines & Frank
Certified Public Accountanu PL
600 Cilrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461.6120 // 461 -1155
FAX: 772/468-9278
REPORT OF INDEPENDENT AUDITORS
To the Board of Supervisors
Cedar Hammock Community Development District
Collier County, Florida
Report on the Financial Statements
We have audited the accompanying financial statements of the govemmental activities and the
General Fund of Cedar Hammock Community Development District as of and for the year
ended September 30, 2015, and the related notes to 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 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 and the standards applicable to financial audits contained in
Government Accounting 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 opinion.
Fort Pierce / Stuart
-1-
Member AICPA Member AICPA Division For CPA Firms Member FICPA
Private Companies Practice Section
<<C? Berger, Toombs, Elam,
Gaines & Frank
I- w.- h
To the Board of Supervisors
Cedar Hammock Community Development District
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects,
the respective financial position of the governmental activities and the General Fund of Cedar
Hammock Community Development District, as of September 30, 2015, 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
Accounting principles generally accepted in the United States of America require that the
Management Discussion and Analysis on pages 3 -7 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 Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued a report dated
January 26, 2016 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 Cedar
Hammock Community Development District's internal control over financial reporting and
cam liance.
� 4 1
Berger, Toombs, Gaines & Frank
Certified Public Accountants PL
Fort Pierce, Florida
January 26, 2016
-2-
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2015
Management's discussion and analysis of Cedar Hammock Community Development District
(the "District ") financial performance provides an objective and easily readable analysis of the
District's financial activities. The analysis provides summary financial information for the District
and should be read in conjunction with the District's financial statements.
OVERVIEW OF THE FINANACIAL STATEMENTS
The District's basic financial statements comprise three components; 1) Government -wide
financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The
Government -wide financial statements present an overall picture of the District's financial
position and results of operations. The Fund financial statements present financial information
for the District's major funds. The Notes to financial statements provide additional information
concerning the District's finances.
The Government -wide financial statements are the statement of net position and the
statement of activities. These statements use accounting methods similar to those used by
private- sector companies. Emphasis is placed on the net position of governmental activities
and the change in net position. Governmental activities are primarily supported by special
assessments.
The statement of net position presents information on all assets and liabilities of the District,
with the difference between assets and liabilities reported as net position. Net position are
reported in two categories; invested in capital assets, net of related debt, and unrestricted.
Assets, liabilities and net position are reported for all Governmental activities.
The statement of activities presents information on all revenues and expenses of the District
and the change in net position. Expenses are reported by major function and program revenues
relating to those functions are reported, providing the net cost of all functions provided by the
District. To assist in understanding the District's operations, expenses have been reported as
governmental activities. Governmental activities financed by the District include general
government, physical environment and interest on long term debt.
Fund financial statements present financial information for governmental funds. These
statements provide financial information for the major governmental funds of the District.
Governmental fund financial statements provide information on the current assets and liabilities
of the funds, changes in current financial resources (revenues and expenditures), and current
available resources.
-3-
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2015
OVERVIEW OF THE FINANACIAL STATEMENTS (CONTINUED)
Fund financial statements include a balance sheet and a statement of revenues,
expenditures and changes in fund balances for all governmental funds. A statement of
revenues, expenditures, and changes in fund balances — budget and actual, is provided for
the District's General Fund. Fund financial statements provide more detailed information about
the District's activities. Individual funds are established by the District to track revenues that are
restricted to certain uses or to comply with legal requirements.
The government -wide financial statements and the fund financial statements provide different
pictures of the District. The government -wide financial statements provide an overall picture of
the District's financial standing. These statements are comparable to private- sector companies
and give a good understanding of the District's overall financial health and how the District paid
for the various activities, or functions, provided by the District. All assets of the District,
including buildings, land, roads, bridges, and traffic signals are reported in the statement of net
position. All liabilities, including principal outstanding on bonds, are included. The statement
of activities includes depreciation on all long lived assets of the District, but transactions
between the different functions of the District have been eliminated in order to avoid "doubling
up" the revenues and expenses. The fund financial statements provide a picture of the major
funds of the District. In the case of governmental activities, outlays for long lived assets are
reported as expenditures and long term liabilities, such as general obligation bonds, are not
included in the fund financial statements. To provide a link from the fund financial statements to
the government -wide financial statements, a reconciliation is provided from the fund financial
statements to the government -wide financial statements.
Notes to financial statements provide additional detail concerning the financial activities and
financial balances of the District. Additional information about the accounting practices of the
District, investments of the District, capital assets and long term debt are some of the items
included in the notes to financial statements.
Financial Highlights:
The following are the highlights of financial activity for the year ended September 30, 2015.
♦ The District's total assets exceeded total liabilities by $14,221,425 (net position).
Unrestricted net position for Governmental Activities was $665,150. Net investment in
capital assets was $13,556,275.
♦ Governmental Activities revenues totaled $272,575 while governmental activities
expenses totaled $425,408.
-4-
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2015
OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Financial Analysis of the District
The following schedule provides a summary of the assets, liabilities and net position of the
District and is presented by category for comparison purposes.
Net Position
Current assets
Capital assets
Total Assets
Current liabilities
Net position - net investment in capital assets
Net position - unrestricted
Total Net Position
Governmental Activities
2015 2014
$ 687,247 $ 677,624
13, 556,275 13,706,097
14, 243, 522 14, 383, 721
22,097 9,463
13, 556, 275 13, 706, 097
665,150 668,161
$ 14,221,425 $ 14,374,258
The increase in current liabilities is primarily due to significant repairs occurring near year -end.
The decrease in capital assets and net position — net investment in capital assets is primarily
due to disposal of capital assets and depreciation in the current year.
1611
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2015
OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Financial Analysis of the District (Continued)
The following schedule provides a summary of the changes in net position of the District and is
presented by category for comparison purposes.
Governmental Revenues
Charges for services
Investment earnings
Total Revenues
Expenses
General government
Physical environment
Total Expenses
Change in Net Position
Net Position - Beginning of Year
Net Position - End of Year
Change in Net Position
Governmental Activities
2015 2014
$ 269,868 $ 269,214
2,707 2,305
272,575 271,519
83,930 81,716
341,478 270,356
425,408 352,072
(152,833) (80,553)
14, 374, 258 14, 454, 811
$ 14,221,425 $ 14,374,258
The increase in physical environment expenditures is primarily due to significant repairs to
roads, walking path, bulkheads.
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2015
OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Capital Assets Activity
The following schedule provides a summary of the District's capital assets as of September 30,
2015 and 2014.
Description
Land and improvements
Buildings and improvements
Infrastructure
Equipment
Accumulated depreciation
Total Capital Assets (Net)
Governmental Activities
2015 2014
$ 10,991,512 $ 10,991,512
230,362 230,362
5,640,011 5,580,627
35,472 29,841
(3,341,082) (3,126,245)
$ 13,556,275 $ 13,706,097
During the year, the District added $118,767 of infrastructure and $5,631 of equipment,
disposed of infrastructure with a net value of $29,910, and depreciation was $244,310.
General Fund Budgetary Highlights
The budget for September 30, 2015 was amended to provide for engineering fees and physical
environment costs.
The budget exceeded actual government expenditures primarily due to less capital outlay
expenditures than were anticipated.
Economic Factors and Next Year's Budget
Cedar Hammock Community Development District does not expect any economic factors to
have any significant effect on the financial position or results of operations of the District in fiscal
year 2016.
Request for Information
The financial report is designed to provide a general overview of Cedar Hammock Community
Development District's finances for all those with an interest. Questions concerning any of the
information provided in this report or requests for additional information should be addressed to
the Cedar Hammock Community Development District, Severn Trent Management Services,
Inc., 210 N. University Drive, Suite 702, Coral Springs, Florida 33071.
-7-
Cedar Hammock Community Development District
STATEMENT OF NET POSITION
September 30, 2015
LIABILITIES
Current Liabilities:
Accounts payable and accrued expenses 22,097
NET POSITION
Net investment in capital assets 13,556,275
Unrestricted 665,150
Total Net Position $ 14,221,425
See accompanying notes to financial statements.
-8-
Governmental
Activities
ASSETS
Current Assets:
Cash and cash equivalents
$ 584,804
Investments
100,000
Interest receivable
350
Due from other governments
2,093
Total Current Assets
687,247
Non - Current Assets:
Capital Assets Not Being Depreciated
Land and improvements
10,991,512
Capital Assets Being Depreciated
Buildings and improvements
230,362
Infrastructure
5,640,011
Equipment
35,472
Less: accumulated depreciation
(3,341,082)
Total Non- Current Assets
13,556,275
Total Assets
14,243,522
LIABILITIES
Current Liabilities:
Accounts payable and accrued expenses 22,097
NET POSITION
Net investment in capital assets 13,556,275
Unrestricted 665,150
Total Net Position $ 14,221,425
See accompanying notes to financial statements.
-8-
Cedar Hammock Community Development District
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED September 30, 2015
General revenues:
Interest earnings 2,707
Total General Revenues 2,707
Change in net position (152,833)
Net Position - October 1, 2014 14,374,258
Net Position - September 30, 2015 $ 14,221,425
See accompanying notes to financial statements.
-9-
Net (Expense)
Revenue and
Program
Changes in
Revenues
Net Position
Charges for
Governmental
Functions /Programs
Expenses
Services
Activities
Primary government
Governmental Activities
General government
$ (83,930)
$ 196,368
$ 112,438
Physical environment
(341,478)
73,500
(267,978)
Total Governmental Activities
$ (425,408)
$ 269,868
(155,540)
General revenues:
Interest earnings 2,707
Total General Revenues 2,707
Change in net position (152,833)
Net Position - October 1, 2014 14,374,258
Net Position - September 30, 2015 $ 14,221,425
See accompanying notes to financial statements.
-9-
Cedar Hammock Community Development District
BALANCE SHEET -
GENERAL FUND
September 30, 2015
ASSETS
Cash and cash equivalents $ 584,804
Investments 100,000
Interest receivable 350
Due from other governments 2,093
Total Assets $ 687,247
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable and accrued expenses $ 22,097
Fund balances
Assigned:
Roadways
216,831
Bulkheads
115,204
Lakes
100,460
Bridges
88,180
Operating reserves
38,371
Unassigned
106,104
Total Fund Balances
665,150
Total Liabilities and Fund Balances
$ 687,247
See accompanying notes to financial statements.
-10-
Cedar Hammock Community Development District
RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES
TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2015
Total governmental fund balances $ 665,150
Amounts reported for governmental activities in the statement of net position
are different because:
Capital assets not being depreciated, land and improvements,
used in governmental activities are not financial resources
and therefore, are not reported at the fund statement level. 10,991,512
Capital assets being depreciated; building and improvements,
$230,362, infrastructure, $5,640,011, and equipment, $35,472,
net of accumulated depreciation, $(3,341,082), used in
governmental activities are not financial resources and therefore,
are not reported at the fund statement level. 2,564,763
Net Position of Governmental Activities
See accompanying notes to financial statements.
- 11 -
$ 14.221.425
Cedar Hammock Community Development District
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
GENERALFUND
For the Year Ended September 30, 2015
Revenues
Special assessments
Interest earnings
Total Revenues
Expenditures
Current
General government
Physical environment
Capital outlay
Total Expenditures
Net change in fund balances
Fund Balances - October 1, 2014
Fund Balances - September 30, 2015
See accompanying notes to financial statements.
-12-
$ 269,868
2,707
272,575
83,930
67,258
124,398
275,586
(3,011)
668,161
$ 665,150
Cedar Hammock Community Development District
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGE IN FUND BALANCES OF GOVERNMENTAL
FUNDS TO THE STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2015
Net change in fund balances - total governmental funds $ (3,011)
Amounts reported for governmental activities in the Statement of Activities are
different because:
Governmental funds report capital outlays as expenditures. However,
in the Statement of Activities, the cost of those assets is allocated
over their estimated useful lives as depreciation expense. This is the
amount that depreciation ($(244,310)) and capital disposals
($(29,910)) exceeded capital outlay ($124,398) in the current year. (149,822)
Change in Net Position of Governmental Activities $ (152,833)
See accompanying notes to financial statements.
-13-
Cedar Hammock Community Development District
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGE IN FUND BALANCES - BUDGET AND ACTUAL
GENERALFUND
For the Year Ended September 30, 2015
Revenues
Special assessments
Interest earnings
Total Revenues
Expenditures
Current
General government
Physical environment
Capital outlay
Total Expenditures
Net change in fund balances
Fund Balances - October 1, 2014
Fund Balances - September 30, 2015
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 268,467
$ 268,467
$ 269,868 $
1,401
2,017
2,017
2,707
690
270,484
270,484
272,575
2,091
87,380
93,880
83,930
9,950
32,706
41,306
67,258
(25,952)
150,398
150,398
124,398
26,000
270,484
285,584
275,586
9,998
-
(15,100)
(3,011)
12,089
668,162 668,162 668,161 (1)
$ 668.162 $ 653.062 —j a65 $ 12.088
See accompanying notes to financial statements.
-14
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2015
NOTE A - SUMMARY OF ACCOUNTING POLICIES
The financial statements of Cedar Hammock Community Development District (the "District ")
have been prepared in conformity with generally accepted accounting principles (GAAP) as
applied to governmental units. The Governmental Accounting Standards Board (GASB) is the
accepted standard - setting body for establishing governmental accounting and financial reporting
principles. The District's more significant accounting policies are described below.
1. Reporting Entity
The District was created on November 23, 1999, pursuant to the Uniform Community
Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act "), by
ordinance of the Board of County Commissioners of Collier County, as a Community
Development District. The District was established for the purposes of financing and
managing the acquisition, construction, maintenance and operation of the infrastructure
necessary for community development within its jurisdiction. The District is authorized to
issue bonds for the purpose, among others, of financing, funding, planning, establishing,
acquiring, constructing or re- constructing, enlarging or extending, equipping, operating and
maintaining water management, water supply, sewer and waste water management, bridges
or culverts, district roads, landscaping, street lights and other basic infrastructure projects
within or outside the boundaries of the District. The District is governed by a five - member
Board of Supervisors who are elected for four year terms. The District operates within the
criteria established by Chapter 190.
As required by GAAP, these financial statements present the District (the primary
government) as a stand -alone government. The reporting entity for the District includes all
functions of government in which the District's Board exercises oversight responsibility.
Oversight responsibility includes, but is not limited to, financial interdependency, selection of
governing authority, designation of management, significant ability to influence operations
and accountability for fiscal matters.
Based upon the application of the above - mentioned criteria as set forth by the
Governmental Accounting Standards Board the District has identified no component units.
2. Measurement Focus and Basis of Accounting
The basic financial statements of the District are composed of the following:
Government -wide financial statements
• Fund financial statements
• Notes to financial statements
-15-
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2015
NOTE A - SUMMARY OF ACCOUNTING POLICIES (CONTINUED)
2. Measurement Focus and Basis of Accounting (Continued)
a. Government -wide Financial Statements
Government -wide financial statements report all non - fiduciary information about the
reporting government as a whole. These statements include the governmental activities
of the primary government. The effect of interfund activity has been removed from these
statements.
Governmental activities are normally supported by special assessments and interest.
Amounts paid to acquire capital assets are capitalized as assets, rather than reported as
an expenditure. Proceeds of long -term debt are recorded as liabilities in the
government -wide financial statements, rather than as an other financial source.
Amounts paid to reduce long -term indebtedness of the reporting government are
reported as a reduction of the related liability, rather than as an expenditure.
b. Fund Financial Statements
The underlying accounting system of the District is organized and operated on the basis
of separate funds, each of which is considered to be a separate accounting entity. The
operations of each fund are accounted for with a separate set of self - balancing accounts
that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses,
as appropriate. Governmental resources are allocated to and accounted for in individual
funds based upon the purposes for which they are to be spent and the means by which
spending activities are controlled.
Fund financial statements for the primary government's governmental funds are
presented after the government -wide financial statements. These statements display
information about major funds individually.
-16-
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2015
NOTE A — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
2. Measurement Focus and Basis of Accounting (Continued)
b. Fund Financial Statements (Continued)
Governmental Funds
The District classifies fund balance according to Governmental Accounting Standards
Board Statement 54 - Fund Balance Reporting and Governmental Fund Type
Definitions. The Statement requires the fund balance for governmental funds to be
reported in classifications that comprise a hierarchy based primarily on the extent to
which the government is bound to honor constraints on the specific purposes for which
amounts in those funds can be spent. The classifications include non - spendable,
restricted, committed, assigned and unassigned.
The District has a policy governing the fund balance classifications.
Nonspendable Fund Balance — This classification consists of amounts that cannot be
spent because they are either not in spendable form or are legally or contractually
required to be maintained intact.
Restricted Fund Balance — This classification includes amounts that can be spent only
for specific purposes stipulated by constitution, external resource providers, or through
enabling legislation.
Assigned Fund Balance — This classification consists of the Board of Supervisors' intent
to be used for specific purposes, but are neither restricted nor committed.
Unassigned Fund Balance — This classification is the residual classification for the
government's general fund and includes all spendable amounts not contained in the
other classifications. Unassigned fund balance is considered to be utilized first when an
expenditure is incurred for purposes for which amounts in any of those unrestricted fund
balance classifications could be used.
Fund Balance Spending Hierarchy - For all governmental funds except special revenue
funds, when restricted, committed, assigned, and unassigned fund balances are
combined in a fund, qualified expenditures are paid first from restricted or committed
fund balance, as appropriate, then assigned and finally unassigned fund balances.
-17-
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2015
NOTE A — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
2. Measurement Focus and Basis of Accounting (Continued)
b. Fund Financial Statements (Continued)
Governmental Funds (Continued)
Expenditures generally are recorded when a liability is incurred, as under accrual
accounting. Interest associated with the current fiscal period is considered to be an
accrual item and so has been recognized as revenue of the current fiscal period.
Revenues are considered to be available when they are collected within the current
period or soon thereafter to pay liabilities of the current period.
Under the current financial resources measurement focus, only current assets and
current liabilities are generally included on the balance sheet. The reported fund
balance is considered to be a measure of "available spendable resources ".
Governmental fund operating statements present increases (revenues and other
financial sources) and decreases (expenditures and other financing uses) in net current
assets. Accordingly, they are said to present a summary of sources and uses of
"available spendable resources" during a period.
Because of their spending measurement focus, expenditure recognition for
governmental fund types excludes amounts represented by non - current liabilities. Since
they do not affect net current assets, such long -term amounts are not recognized as
governmental fund type expenditures or fund liabilities.
Amounts expended to acquire capital assets are recorded as expenditures in the year
that resources were expended, rather than as fund assets. The proceeds of long -term
debt are recorded as an other financing source rather than as a fund liability.
3. Basis of Presentation
a. Governmental Major Funds
General Fund - The General Fund is the District's primary operating fund. It accounts for
all financial resources of the general government.
-18-
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2015
NOTE A — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
3. Basis of Presentation (Continued)
b. Non - current Governmental Assets /Liabilities
GASB Statement 34 requires that non - current governmental assets, such as land and
buildings, and non - current governmental liabilities, such as bonds payable, be reported
in the governmental activities column in the government -wide statement of net position.
4. Assets, Liabilities, and Net Position or Equity
a. Cash and Investments
Florida Statutes require state and local governmental units to deposit monies with
financial institutions classified as "Qualified Public Depositories," a multiple financial
institution pool whereby groups of securities pledged by the various financial institutions
provide common collateral from their deposits of public funds. This pool is provided as
additional insurance to the federal depository insurance and allows for additional
assessments against the member institutions, providing full insurance for public
deposits.
The District is authorized to invest in those financial instruments as established by
Section 218.415, Florida Statutes. The authorized investments consist of.,
Direct obligations of the United States Treasury;
The Local Government Surplus Funds Trust or any intergovernmental investment
pool authorized pursuant to the Florida Interlocal Cooperative Act of 1969;
Interest - bearing time deposits or savings accounts in authorized qualified public
depositories;
Securities and Exchange Commission, registered money market funds with the
highest credit quality rating from a nationally recognized rating agency.
b. Restricted Assets
Certain assets of the District and a corresponding liability or portion of net position is
classified as restricted on the statement of net position because their use is limited either
by law through constitutional provisions or enabling legislation; or by restrictions
imposed externally by creditors. In a fund with both restricted and unrestricted assets,
qualified expenses are considered to be paid first from restricted net position and then
from unrestricted net position.
-19-
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2015
NOTE A — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
4. Assets, Liabilities, and Net Position or Equity (Continued)
c. Capital Assets
Capital assets, which include property, plant and equipment, are reported in the
applicable governmental or business -type activities column.
The District defines capital assets as assets with an initial, individual cost of $5,000 or
more and an estimated useful life in excess of one year. The valuation basis for all
assets is historical cost.
The costs of normal maintenance and repairs that do not add to the value of the asset or
materially extend its useful life are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are
constructed.
Depreciation of capital assets is computed and recorded by utilizing the straight -line
method. Estimated useful lives of the various classes of depreciable capital assets are
as follows:
Buildings 7 -39 years
Improvements other than buildings 20 -40 years
Machinery and equipment 5 -10 years
d. Budgets
Budgets are prepared and adopted after public hearings for the governmental funds,
pursuant to Section 200.065 of the Florida Statutes. The District utilizes the same basis
of accounting for budgets as it does for revenues and expenditures in its various funds.
The legal level of budgetary control is at the fund level. All budgeted appropriations
lapse at year end. Formal budgets are adopted for the general and debt service funds.
As a result, deficits in the budget columns of the accompanying financial statements may
occur.
-20-
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2015
NOTE B — RECONCILIATION OF GOVERNMENT -WIDE AND FUND FINANCIAL
STATEMENTS
1. Explanation of Differences Between the Governmental Fund Balance Sheet and the
Government -wide Statement of Net Position
"Total fund balances" of the District's governmental funds, $665,150, differs from "net
position" of governmental activities, $14,221,425, reported in the statement of net position.
This difference primarily results from the long -term economic focus of the statement of net
position versus the current financial resources focus of the governmental fund balance
sheet. The effect of the differences is illustrated below.
Capital related items
When capital assets (land, buildings, infrastructure and equipment that are to be used in
governmental activities) are purchased or constructed, the cost of those assets is reported
as expenditures in governmental funds. However, the statement of net position included
those capital assets among the assets of the District as a whole.
Land and improvements
$ 10,991,512
Buildings and improvements
230,362
Infrastructure
5,640,011
Equipment
35,472
Accumulated depreciation
(3,341,082)
Total
S 13,556,2a
2. Explanation of Differences Between the Governmental Fund Operating Statements
and the Statement of Activities
The "net change in fund balances" for government funds, $(3,011), differs from the "change
in net position" for governmental activities, $(152,833), reported in the statement of
activities. The differences arise primarily from the long -term economic focus of the
statement of activities versus the current financial resources focus of the governmental
funds. The effect of the differences is illustrated below.
Capital related items
When capital assets that are to be used in governmental activities are purchased or
constructed, the resources expended for those assets are reported as expenditures in
governmental funds. However, in the statement of activities, the costs of those assets is
allocated over their estimated useful lives and reported as depreciation expense. As a
result, fund balances decrease by the amount of financial resources expended, whereas net
position decrease by the amount of depreciation expense charged for the year.
Depreciation
Capital disposal
Capital outlay
Total
-21 -
$ (244,310)
(29,910)
124,398
$ (149.822)
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2015
NOTE C - CASH AND INVESTMENTS
All deposits are held in qualified public depositories and are included on the accompanying
balance sheet as cash and investments.
Custodial Credit Risk - Deposits
Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not
be returned to it. The District does not have a formal deposit policy for custodial credit risk;
however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and
investments. As of September 30, 2015, the District's bank balance was $586,454 and the
carrying value was $584,804. Exposure to custodial credit risk was as follows. The District
maintains all deposits in a qualified public depository in accordance with the provisions of
Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal
Depositors Insurance or collateralized under Chapter 280, Florida Statutes.
Investments
The District's investment policy allows management to invest funds in investments permitted
under Section 218.415, Florida Statutes. The District invested in a certificate of deposit with a
fair market value and book value of $100,000.
Concentration of Credit Risk
The District places no limit on the amount it may invest in any one issuer
NOTE D — SPECIAL ASSESSMENT REVENUES
Special assessment revenues recognized for the 2014 -2015 fiscal year were levied in October
2014. All taxes are due and payable on November 1 or as soon as the assessment roll is
certified and delivered to the Tax Collector. Per Section 197.162, Florida Statutes, discounts
are allowed for early payment at the rate of 4% in November, 3% in December, 2% in January,
and 1 % in February. Taxes paid in March are without discount.
All unpaid taxes become delinquent as of April 1. Virtually all unpaid taxes are collected via the
sale of tax certificates on, or prior to, June 1; therefore, there were no material taxes receivable
at fiscal year end.
-22-
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2015
NOTE E - CHANGES IN FIXED ASSETS
Capital asset activity for the year ended September 30, 2015 was as follows:
Governmental Activities:
Capital assets, not being depreciated:
Land and improvements
Total Capital Assets, Not Depreciated
Capital assets, being depreciated:
Building and improvements
Infrastructure
Equipment
Total Capital Assets, Being Depreciated
Less accumulated depreciation for:
Building and improvements
Infrastructure
Equipment
Total Accumulated Depreciation
Total Capital Assets Depreciated, Net
Governmental Activities Capital Assets
Balance
October 1,
2014 Additions Deletions
Balance
September 30,
2015
$ 10,991,512
$ -
$
$ 10,991,512
10,991,512
-
10,991,512
230,362
-
230,362
5,580,627
118,767
59,383
5,640,011
29,841
5,631
-
35,472
5,840,830
124,398
59,383
5,905,845
(153,012)
(11,518)
-
(164,530)
(2,958,209)
(225,885)
(29,473)
(3,154,621)
(15,024)
(6,907)
-
(21,931)
(3,126,245)
(244,310)
(29,473)
(3,341,082)
2,714,585
(119,912)
29,910
2,564,763
$ 13,706,097 $ (119,912) $ 29,910 $ 13,556,275
Depreciation, ($244,310), and loss on disposal of assets, ($29,910), were charged to physical
environment.
NOTE F - RISK MANAGEMENT
The government is exposed to various risks of loss related to torts; theft of, damage to and
destruction of assets; errors and omissions; and natural disasters for which the government
carries commercial insurance.
-23-
.1r Berger, Toombs, Elam,
-� Gaines & Frank
Certified Public Accountants PL
600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461.6120 H 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
Cedar Hammock Community Development District
Collier County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government
Auditing Standards issued by the Comptroller General of the United States, the financial
statements of Cedar Hammock Community Development District, as of and for the year ended
September 30, 2015, and the related notes to the financial statements, and have issued our
report thereon dated January 26, 2016.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered Cedar Hammock Community Development
District's internal control over financial reporting to determine the audit procedures that are
appropriate in the circumstances for the purpose of expressing our opinions on the financial
statements, but not for the purpose of expressing an opinion on the effectiveness of Cedar
Hammock Community Development District's internal control. Accordingly, we do not express
an opinion on the effectiveness of Cedar Hammock Community Development District's internal
control over financial reporting.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to
prevent, or detect and correct misstatements on a timely basis. A material weakness is a
deficiency, or combination of deficiencies, in internal control, such that there is a reasonable
possibility that a material misstatement of the entity's financial statements will not be prevented,
or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a
combination of deficiencies, in internal control that is less severe than a material weakness, yet
important enough to merit attention by those charged with governance.
Our consideration of internal control over financial reporting was for the limited purpose
described in the first paragraph of this section and was not designed to identify all deficiencies
in internal control that might be material weaknesses or significant deficiencies. Given these
limitations, during our audit we did not identify any deficiencies in internal control that we
consider to be material weaknesses. However, material weaknesses may exist that have not
been identified.
Fort Pier Stuart
Member AICPA Member AICPA Division For CPA Firms Member FICPA
Private Companies Practice Section
1K Berger, Toombs, Elam,
Gaines & Frank
To the Board of Supervisors
Cedar Hammock Community Development District
Collier County, Florida
Compliance and Other Matters
As part of obtaining reasonable assurance about whether Cedar Hammock Community
Development District's 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.
Berger, oo� s, Elam, Gaines & Frank
Certified Public Accountants
Fort Pierce, Florida
January 26, 2016
-25-
<< GaigeS & Fran bk, Elam,
Certified Pubk Acc uulants PL
600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461 -6120 // 461 -1155
FAX: 772/468 -9278
MANAGEMENT LETTER
To the Board of Supervisors
Cedar Hammock Community Development District
Collier County, Florida
Report on the Financial Statements
We have audited the financial statements of the Cedar Hammock Community Development
District as of and for the year ended September 30, 2015, and have issued our report thereon
dated January 26, 2016.
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 January xx, 2016, 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. and 10.556(7), Rules of the Auditor General, requires that we apply
appropriate procedures and report the results of our determination as to whether or not Cedar
Hammock. Community Development 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 Cedar Hammock Community Development
District did not meet any of the conditions described in Section 218.503(1), Florida Statutes,
Fort PioM / Stuart
Member AICPA Member AICPA Division For CPA Firms Member FICPA
Private Companies Practice Section
Berger, Toombs, Elam,
E Gaines & Frank
To the Board of Supervisors
Cedar Hammock Community Development District
Pursuant to Sections 10.554(1)(1)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
Cedar Hammock Community Development 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, and 10.556(7), Rules of the Auditor General, requires that we apply
appropriate procedures and report the results of our determination as to whether the annual
financial report for the Cedar Hammock Community Development District for the fiscal year
ended September 30, 2015, 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, 2015, 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)(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
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, 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.
Berger, Toombs, Elam, Gaines & Frank
Certified Public Accountants PL
Fort Pierce, Florida
January 26, 2016
-27-
c�c Berger, Toombs, Elam,
-� Gaines & Frank
Certified Public Accounrama PL
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
Cedar Hammock Community Development District
Collier County, Florida
We have examined Cedar Hammock Community Development District's compliance with
Section 218.415, Florida Statutes during the year ended September 30, 2015, Management is
responsible for Cedar Hammock Community Development District's compliance with those
requirements. Our responsibility is to express an opinion on Cedar Hammock Community
Development 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 Cedar Hammock Community Development 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 Cedar Hammock Community
Development District's compliance with the specified requirements.
In our opinion, Cedar Hammock Community Development District complied, in all material
respects, with the aforementioned requirements during the year ended September 30, 2015.
&t zdKid Xal
Berger, Toombs, Elam, Gaines & Frank
Certified Public Accountants PL
Fort Pierce, Florida
January 26, 2016
Fort Pile / Stuart
Member AICPA Member AICPA Division For CPA Firms Member FICPA
Private Companies Practice Section
Collier
Environmefital
Services
Lake & Wetland Management Specialists
2600 Golden Gate Parkway
Naples, FL 34105
239 - 262 -2600 Office 239- 261 -1797 Fax
CC #35398 City of Naples #19517 LC #1002075
2/4/16
Proposal for annual maintenance of vegetated floating mat for the Cedar Hammock Golf and Country Club
Scope of Work
Perform maintenance activities to 1 vegetated floating mat in Cedar Hammock
replace blooming plants three times per year $ 1,395.00
$ 1,395.00
Conditions
Replace mature vegetation on floating vegetated mat as needed throughout the year. Blooming plants to be
replaced at least three times per year. Monitor and control any weed growth that may occur on the floating mat.
Anchor and tether the floating mat so it remains centered in the middle of the lake. Let management know
when a site visit was made and what maintenance actions were taken.
Proposal is valid for 30 days.
If you agree to the se es nd rates listed in this proposal for work, please sign and send
back to the address t ed bove.
C`*
Collier Enviro rental Services a. Date
Peninsula Im rovernent Corporation
Justin Faircloth Date
Severn Trent Services