Loading...
03/21/2016 Agenda Heritage Greens Community Development District Board of Supervisors District Staff George Coombs,Chairman Calvin Teague,District Manager Jim Marshall, Vice Chairman Greg Urbancic, District Counsel Marsha Coghlan,Assistant Secretary James Carr,PE,District Engineer Henry Michaelson,Assistant Secretary John Jordan,Assistant Secretary Meeting Agenda March 21, 2016 —6:00 p.m. � � t7.0UP 1. Roll Call gy 2. Approval of the Minutes A. February 22,2016 Board Meeting 3. Audience Comments 4. Old Business 5. New Business A. School Access Update B. Storm Water System Repairs C. Swale/Gutter Pan Maintenance 6. Manager's Report A. Fiscal Year 2017 Budget Discussion B. Discussion on Election Process C. Consideration of Resolution 2016-01 Confirming the District's Use of the Collier County Supervisor of Elections to Continue Conduction of the District's Election of Supervisors in Conjunction with the General Election D. Financial Statements E. Follow-Up Items 7. Attorney's Report 8. Engineer's Report 9. Supervisors'Requests and/or Comments 10. Audience Comments 11. Adjournment NEXT MEETING IS SCHEDULED FOR APRIL 18,2016 District Office: Meeting Location: 210 N.University Drive,Suite 702 Heritage Greens Community Center Coral Springs, Florida 2215 Heritage Greens Drive 954-753-5841 Naples, Florida www.heritagegreenscdd.org >Ad Proof Nattirs Battu Netus Sales Rep:Ivonne Gori(N9103) Phone:(239)262-3161 Email:ivonne.gorinnaplesnews.com ?Account Infrnanation >insertion Information Date:09/25/15 This is a proof ofyour ad scheduled to run on the dates indicated below. Please confirm placement prior to deadline by contacting your account Account Number:531310(N027769) Company Name:HERITAGE GREENS COMMUNITY rep at(239)262-3161. Ad Id:713957 Y.U.No.: Total Cost:$45336 Contact Name: Email:Jane.Ben-Hayoas stservices.com Tag Line:Notice of Meetings Heritage Greens C Address: 210 N UNIVERSITY DR #702, CORAL SPRINGS, FL, Start Date:10/01/15 Stop Date:10/01/15 33071 Number of Times:I Class:16180-Notice Phone:(954)753-0380 Fax:(954)755-6701 Publications:ND-Naples Daily News,ND-Internet-naplesnews.com I agree this ad is accurate and as ordered. Notice of Meetings Heritage Greens Community Development District The Board of Supervisors of the Heritage Greens Community Development District will hold their meetings for Fiscal Year 2016 at 6:00 p.m.at the Heritage Greens Community Center,2215 Heritage Greens Drive,Naples,Florida on the third Monday of each month as indicated below: October 19,2015 November 16.2015 January 18,2016 February 22,2016 March 21,2016 April 18,2016 May 16,2016 June 20,2016 July 18,2016 August 15,2016 September 19,2016 There may be occasions when one or more Supervisors will participate by telephone. Meetings may be continued to a date, time, and place to be specified on the record at the meeting. Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at(954)753-5841 at least two calendar days prior to the meeting.If you are hearing or speech impaired,please contact the Florida Relay Service at(800)955- 8770 for aid In contacting the District Office. Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. Calvin Teague District Manager October 1,2015 No.713957 Thank you for your business. Our commitment to a quality product includes the advertising in our publications. As such.Journal Media Group reserves the right to categorize,edit and refuse certain classified ads.Your satisfaction is important. If you notice errors in your ad,please notify the classified depart- ment immediately so that we can make corrections before the second print date. The number to call is 239-263-4700. Allowance may not be made for errors reported past the second print date.The Naples Daily News may not issue refunds for classified advertising purchased in a package rate;ads purchased on the open rate may be pro-rated for the remaining full days for which the ad did not run. HERITAGE GREENS Community Development District Annual Operating Budget Fiscal Year 2017 Version 2-Proposed Budget (Printed on 04/12/16 2:00pm) Prepared by: SEVERN TRENT SERVICES HERITAGE GREENS Community Development District Table of Contents Page# OPERATING BUDGET General Fund Summary of Revenues,Expenditures and Changes in Fund Balances 1 -2 Budget Narrative 3-7 Exhibit A-Allocation of Fund Balances 8 SUPPORTING BUDGET SCHEDULE Comparison of Assessment Rates 9 HERITAGE GREENS Community Development District Operating Budget Fiscal Year 2017 HERITAGE GREENS Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2017 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2014 FY 2015 FY 2016 MAR-16 SEP-16 FY 2016 FY 2017 REVENUES Interest-Investments $ 498 $ 491 $ 500 $ 376 $ 270 $ 646 $ 500 Interest-Tax Collector - 7 - 7 - 7 - Special Assmnts-Tax Collector 217,904 242,905 242,903 237,028 5,875 242,903 242,904 Special Assmnts-Discounts (7,919) (8,762) (9,716) (8,889) - (8,889) (9,716) Other Miscellaneous Revenues 15 400 - 1,040 - 1,040 - Gate Bar Code/Remotes 1,270 1,250 1,100 995 600 1,595 1,100 TOTAL REVENUES 211,768 236,291 234,787 230,557 6,745 237,302 234,788 EXPENDITURES Administrative P/R-Board of Supervisors 5,400 6,200 7,200 3,000 3,600 6,600 7,200 FICA Taxes 413 474 551 230 275 505 551 ProfServ-Engineering - 1,099 1,000 225 500 725 1,000 ProfServ-Legal Services 4,016 4,721 4,000 163 2,000 2,163 4,000 ProfServ-Mgmt Consulting Sery 36,973 38,081 39,223 19,611 19,612 39,223 40,401 ProfServ-Property Appraiser 3,269 3,644 3,644 3,644 - 3,644 3,644 ProfServ-Special Assessment 5,463 5,463 5,463 5,463 - 5,463 5,628 ProfServ-Web Site Development 500 814 650 362 250 612 650 Auditing Services 3,200 3,200 3,200 2,000 900 2,900 3,000 Postage and Freight 1,590 580 1,500 210 300 510 1,500 Insurance-General Liability 7,477 7,557 8,691 7,865 - 7,865 8,652 Printing and Binding 887 1,082 1,000 355 625 980 1,000 Legal Advertising 2,635 1,302 1,500 453 1,025 1,478 1,500 Misc-Bank Charges 596 696 800 356 420 776 800 Misc-Assessmnt Collection Cost 2,643 2,864 4,855 4,563 118 4,681 4,855 Office Supplies 79 162 175 - 150 150 175 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 75,316 78,114 83,627 48,675 29,775 78,450 84,731 Public Safety Contracts-MgmtServices - - - 500 600 1,100 1,200 Contracts-Security Services 46,751 49,117 47,000 23,371 23,436 46,807 47,000 Contracts-Cleaning Services - - 1,920 1,185 1,450 2,635 3,016 Contracts-HVAC - 189 350 - 350 350 350 Contracts-Sheriff 2,295 7,013 - - - - - Communication-Telephone 1,383 1,731 1,750 879 875 1,754 1,750 Electricity-Entrance 1,795 1,937 2,200 960 1,080 2,040 2,200 Utility-Water&Sewer 665 712 700 370 360 730 700 Lease-Carts 1,500 1,500 1,500 - 1,500 1,500 1,500 R&M-Gate 2,542 138 3,000 587 1,700 2.287 2,400 R&M-Gatehouse 1,432 1,020 2,130 1,389 900 2,289 2,130 OpSupplies-Transmitters 1,030 794 1,200 439 600 1,039 1,200 Op Supplies-Gatehouse 2,431 613 900 752 300 1,052 900 Cap Outlay-Equipment - - 3,800 - 3,800 3,800 3,000 Total Public Safety 61,824 64,764 66,450 30,432 36,951 67,383 67,346 Annual Operating Budget Fiscal Year 2017 1 HERITAGE GREENS Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2017 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2014 FY 2015 FY 2016 MAR-16 SEP-16 FY 2016 FY 2017 Landscape Contracts-Landscape 16,111 21,276 18,000 8,283 8,283 16,586 18,000 Contracts-Preserve Management - 1,760 2,000 880 880 1,760 1,760 Electricity-Irrigation 1,970 2,046 2,200 976 1,050 2,026 2,200 R&M-Renewal and Replacement - - 1,000 225 650 875 900 R&M-Canals - 1,840 2,600 - 2,000 2,000 2,000 R&M-Fountain 2,300 1,894 2,700 604 1,812 2,416 2,510 R&M-Grounds - 1,763 3,000 125 2,500 2,625 3,000 R&M-Irrigation - 828 1,500 200 250 450 1,500 R&M-Preserves 880 - 100 - 5000 50 100 Misc-Special Projects 13,339 1,415 7,000 4,600 2,400 7,000 7,000 Total Landscape 34,600 32,822 40,100 15,893 19,875 35,768 38,976 Road and Street Facilities Electricity-Streetlighting 10,243 10,446 11,000 5,163 5,190 10,353 10,500 R&M-Drainage 12,473 - 1,500 - 1,500 1,500 1,500 R&M-Roads&Alleyways 7,345 800 2,000 - 2,000 2,000 2,000 R&M-Sidewalks 3,000 - 4,000 - 3,000 3,000 3,485 Traffic Signage Rehabilitation 440 - 1,260 1,380 - 1,380 1,400 Reserve-Roadways 5,550 9,400 24,850 - - - 24,550 Total Road and Street Facilities 42,051 20,646 44,610 6,543 11,690 18,233 43,735 TOTAL EXPENDITURES 213,791 196,346 234,787 101,543 98,291 199,834 234,788 Excess(deficiency)of revenues Over(under)expenditures (2,023) 39,945 - 129,014 (91,546) 37,468 - Net change in fund balance (2,023) 39,945 - 129,014 (91,546) 37,468 - FUND BALANCE,BEGINNING 158,603 156,580 196,525 196,525 - 196,525 233,993 FUND BALANCE,ENDING $ 156,580 $ 196,525 $ 196,525 $ 325,539 $ (91,546) $ 233,993 $ 233,993 Annual Operating Budget Fiscal Year 2017 2 HERITAGE GREENS Community Development District General Fund Budget Narrative Fiscal Year 2017 REVENUES Interest Income(Investments) The District earns interest on the monthly average collected balance for their operating account and money market account. Special Assessment-On Roll The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures for the Fiscal Year. Special Assessment—Discount Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4%of the anticipated Non-Ad Valorem assessments. Gate Bar Code/Remotes The District receives amounts for gate remotes that operate the gates of the District. EXPENDITURES Administrative PIR—Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting at which they are in attendance. The amount for the Fiscal Year is based upon all supervisors attending all of the meetings. Professional Services-Engineering The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested,review invoices and other specifically requested assignments. Professional Services-Legal Services The District's legal counsel provides general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating and maintenance contracts,etc. Professional Services-Management Consulting Services The District receives Management,Accounting and Administrative services as part of a Management Agreement with Severn Trent Environmental Services, Inc. Also included are costs for Information Technology charges to process all of the District's financial activities, i.e. accounts payable, financial statements, budgets, etc., on a main frame computer owned by Severn Trent in accordance with the management contract and the charge for rentals. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement,with a 3%proposed increase. Annual Operating Budget Fiscal Year 2017 3 HERITAGE GREENS Community Development District General Fund Budget Narrative Fiscal Year 2017 Expenditures—Administrative (Continued) Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, postage, and programming. The budget for property appraiser costs was based on 1.5% of gross assessments. Professional Services-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. Professional Services-Web Site Development The District incurs fees as they relate to the development and ongoing maintenance of its own website. Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from an existing engagement letter. Postage and Freight Mailing of agenda packages,overnight deliveries,correspondence,etc. Insurance—General Liability The District's General Liability & Public Officials Liability Insurance policy is with Public Risk Insurance Agency, Inc. They specialize in providing insurance coverage to governmental agencies. The budgeted amount allows for a projected 10%increase in the premium. Printing and Binding Printing and Binding agenda packages for board meetings, printing of 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. Miscellaneous—Bank Charges Bank charges that incurred during the year. Miscellaneous—Assessment Collection Cost The District reimburses the Collier County Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The budget for collection costs was based on a maximum of 2%of the anticipated assessment collections. Annual Operating Budget Fiscal Year 2017 4 HERITAGE GREENS Community Development District General Fund Budget Narrative Fiscal Year 2017 Expenditures—Administrative (Continued) Office Supplies Supplies used in the preparation and binding of agenda packages,required mailings, and other special projects Annual District Filing Fee The District is required to pay a$175 annual fee to the Department of Community Affairs. Expenditures-Public Safety Contracts—Management Services The District has contracted with Severn Trent Environmental Services, Inc.to take over the data call box service. Contracts—Security Services The District has contracted with Kent Security to have a security officer on duty at the front gate for a set period of time to check guests coming into the community and to tour the property to check for any problems that may need to be addressed. Contracts—Cleaning Services This includes guardhouse cleaning services. Contracts—HVAC To service the air conditioning unit at the guardhouse. Communication—Telephone This includes any telephone or fax usage for the guardhouse to allow the security officer to be able to communicate with management and residents. This also allows the gate system to be operable when there is no security officer present. Electricity—Entrance Electricity usage for the guardhouse. Costs are based on historical expenses incurred with Florida Power & Light (FPL). Utilities—Water&Sewer Any cost associated with the water and sewer used at the guardhouse. Lease—Carts The District leases a golf cart for $750 every six months. The guard-on-duty uses it to do community patrol and to lock and unlock the community center. R&M—Gates This represents any repairs or maintenance that may need to be done to the gates. R&M—Gatehouse Cost associated with any normal repairs and maintenance of the guardhouse along with the cost incurred with Collier County Utilities to run the tele-entry system. Annual Operating Budget ' Fiscal Year 2017 5 HERITAGE GREENS Community Development District General Fund Budget Narrative Fiscal Year 2017 Expenditures-Public Safety(Continued) Op Supplies—Transmitters Cost associated with supplying transmitters to residents for operation of the gate. Op Supplies—Gatehouse This is for costs associated with any supplies purchased for use within the guardhouse. Capital Outlay—Equipment This is for any capital items needed to improve security within the District. Expenditures-Landscape Contracts—Landscape The District is responsible for cutting all CDD property which are common areas which includes the entry way and guardhouse. Contracts—Preserve Maintenance The District has contracted with Aquatic Weed Control, Inc for the maintenance of the preserves.Currently treatments are on a semi-annual basis. Electricity—Irrigation Any electricity cost incurred to run the irrigation system as well as the fountain that is owned by the District. R&M—Renewal and Replacement This line item includes costs associated with renewing or replacing plant material on CDD property. Additionally, various repair and maintenance costs incurred as needed. R&M—Canals The District is responsible for maintaining the canal banks of high weeds and must cut them several times per year or be subject to property maintenance code violations. R&M—Fountains This is to include any repairs or maintenance that need to be addressed to make sure that the fountains the District is responsible are in proper working order. The amount budgeted for FY16 reflects last year's expenditures. R&M—Grounds This is for the maintenance of mulch and pesticides to all CDD property identified as common areas. R&M—Irrigation Cost associated with the maintenance of the irrigation system throughout the District. R&M—Preserves The District is responsible for having the preserves treated for invasive plants on an annual basis. Annual Operating Budget Fiscal Year 2017 6 HERITAGE GREENS Community Development District General Fund Budget Narrative Fiscal Year 2017 Expenditures—Landscape (Continued) Miscellaneous—Special Projects This is a contingency in case the District is to incur costs relating to any special projects that are felt to be needed and identified by the Board of Supervisors. Expenditures-Road and Street Facilities Electricity—Streetlighting This is for street lighting usage for District facilities and assets. Costs are based on historical expenses occurred incurred with Florida Power&Light(FPL). R&M—Drainage The District is responsible for making any repairs to the storm drainage infrastructure. R&M—Roads&Alleyways This represents miscellaneous repairs of the roads and alleyways of the District. R&M—Sidewalks This includes all costs associated with sidewalks within the District. Traffic Signage Rehabilitation This is for any costs that are associated with any roadway signage the District may incur. Reserves—Roadways This is for the reserve for the road improvements. Annual Operating Budget Fiscal Year 2017 7 HERITAGE GREENS Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2017 233,993 Net Change in Fund Balance-Fiscal Year 2017 - Reserves-Fiscal Year 2017 Additions 24,850 Total Funds Available(Estimated)-9130/17 258,843 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-Operating Capital 58,697 (') Reserves-Drainage 6,000 Reserves-Fountains 5,500 Reserves-Irrigation System 7,500 Reserves-Roads and Sidewalks-Previous years 35,251 Reserves-Roads and Sidewalks-FY16 24,850 Reserves-Roads and Sidewalks-FY17 24,850 84,951 Reserves-Signage 1,000 Reserves-Wail Painting 6,000 Reserves-Wall Replacement 12,786 Total Allocation of Available Funds 182,434 I Total Unassigned(undesignated)Cash $ 76,409 Notes (1)Represents approximately 3 months of operating expenditures Annual Operating Budget Fiscal Year 2017 8 HERITAGE GREENS Community Development District Supporting Budget Schedule Fiscal Year 2017 HERITAGE GREENS Community Development District Comparison of Assessment Rates Fiscal Year 2017 vs Fiscal Year 2016 FY 2017 FY2O16 Gross Assessments 242,904 242,903 Assessable Units 527 527 Gross Assessments Per Unit $ 460.92 $ 460.92 Annual Operating Budget Fiscal Year 2017 9 Qualifying to Run for Office 2016 Qualifying Dates Noon,June 20,2016—Noon,June 24,2016 What happens when you go to the Supervisor of Elections office to qualify? You will file a loyalty oath, a financial disclosure Form 1 and either pay the $25 qualifying fee or file a certification for 25 signatures. Qualifying Fees $25.00 (Unless qualifying by petition) Qualifying by Petition In order to qualify by petition and thereby have the qualifying fee waived, a person needs to gather the signatures of 25 qualified voters residing within Heritage Greens CDD. The Division of Elections has prescribed the format of the petition,a copy of which is attached. The deadline to submit petitions to the Supervisor of Elections is Noon, May 23, 2016. (Candidates must still qualify during the candidate qualifying period.) Please note that petitions may be submitted prior to the deadline. There is a verification fee of$.10 per signature to ensure the signers are valid residents within the CDD. Cash is accepted. The Supervisor of Elections recommends bringing your petitions in person. If you want to campaign,you are permitted to do so as long as you do not expend any funds. If you are going to expend money for signage,business cards,etc., even if it is your own money,you must open a campaign account and will need to file the required forms. You will also need to appoint a campaign treasurer and designate a campaign depository. If campaigning,signatures may not be obtained until the candidate has filed his or her appointment of campaign treasurer and designation of campaign depository. Contact the Supervisor of Elections for more specific information on qualifying by petition. Qualifying Officers The Qualifying Officer for Special District Offices is the Supervisor of Elections. Collier County Supervisor of Elections Jennifer J.Edwards Rev.Dr.Martin Luther King Jr.Building Collier Government Complex 3295 Tamiami Trail East,Building C2, Naples,Florida,34112, Phone:239-252-8450 RESOLUTION 2016-01 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HERITAGE GREENS COMMUNITY DEVELOPMENT DISTRICT CONFIRMING THE DISTRICT'S USE OF THE COLLIER COUNTY SUPERVISOR OF ELECTIONS TO CONTINUE CONDUCTING THE DISTRICT'S ELECTION OF SUPERVISORS IN CONJUNCTION WITH THE GENERAL ELECTION WHEREAS, the Heritage Greens Community Development District (hereinafter the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190,Florida Statutes,being situated entirely within Collier County,Florida; and WHEREAS, the Board of Supervisors of Heritage Greens Community Development District (hereinafter the "Board") seeks to implement section 190.006(3)(A)(2)(c), Florida Statutes and to instruct the Collier County Supervisor of Elections (the "Supervisor")to conduct the District's General Elections. WHEREAS, the Supervisor has requested the District adopt a resolution confirming the District's use of the Supervisor for the purpose of conducting the District's future supervisor elections in conjunction with the General Election;and WHEREAS, the District desires to continue to use the Supervisor for the purpose of conducting the District's supervisor elections in conjunction with the General Election. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HERITAGE GREENS COMMUNITY DEVELOPMENT DISTRICT: Section 1. The Board is currently made up of the following individuals: George Coombs, Jim Marshall,John Jordan,Marsha Coghlan and Henry Michaelson. Section 2. The term of office for each member of the Board is as follows: Supervisor Jordan Seat 1 four year-expires 11/2016 Supervisor Coombs Seat 2 four year—expires 11/2016 Supervisor Marshall Seat 3 four year—expires 11/2018 Supervisor Michaelson Seat 4 four year—expires 11/2018 Supervisor Coghlan Seat 5 four year—expires 11/2018 Section 3. Seat 1, currently held by Mr. Jordan and Seat 2, currently held by Mr. Coombs are scheduled for the General Election in November 2016. Section 4. Pursuant to section 190.006(8), Florida Statutes, members of the Board shall be entitled to receive for his or her services an amount not to exceed $200 per meeting of the Board,not to exceed$4,800 per year per member. Section 5. The term of office for the individuals to be elected to the Board in the November 2016 General Election is four years. Section 6. The new Board members shall assume office on the second Tuesday following their election. Section 7. The District hereby instructs the Supervisor to continue conducting the District's elections in conjunction with the General Election. The District understands that it will be responsible to pay for its proportionate share of the General Election cost and agrees to pay same within a reasonable time after receipt of an invoice from the Supervisor. PASSED AND ADOPTED THIS 218'DAY OF MARCH,2016. ATTEST: HERITAGE GREENS COMMUNITY DEVELOPMENT DISTRICT Calvin Teal.r Geo a(:o�mbs C 0-414-1(4 Secretary Chairman HERITAGE GREENS Community Development District Financial Report February 29,2016 Prepared by SEVERN TRENT SERVICES HERITAGE GREENS Community Development District FINANCIAL STATEMENTS Balance Sheet Page 1 Statement of Revenues,Expenditures and Changes in Fund Balances General Fund Page 2-3 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments Page 4 Cash and Investment Report Page Bank Reconciliation Page 6 Check Register Page 7 HERITAGE GREENS Community Development District Financial Statements (Unaudited) February 29, 2016 HERITAGE GREENS Community Development District General Fund Balance Sheet February 29,2016 ACCOUNT DESCRIPTION TOTAL ASSETS Cash-Checking Account $ 209,408 Investments: Money Market Account 127,105 SBA Account 633 TOTAL ASSETS $ 337,146 LIABILITIES Accounts Payable $ 8,202 Accrued Expenses 2,104 TOTAL LIABILITIES 10,306 FUND BALANCES Assigned to: Operating Reserves 58,697 Reserves-Drainage 6,000 Reserves-Fountains 5,500 Reserves-Irrigation System 7,500 Reserves-Roads and Sidewalks 35,251 Reserves-Signage 1,000 Reserves-Wall Painting 6,000 Reserves-Wall Replacement 12,786 Unassigned: 194,106 TOTAL FUND BALANCES $ 326,840 TOTAL LIABILITIES&FUND BALANCES $ 337,146 Report Date:3/7/2016 1 HERITAGE GREENS Community Development District General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending February 29,2016 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE(S) AS A%OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD REVENUES Interest-Investments $ 500 $ 209 $ 309 $ 100 61.80% Interest-Tax Collector - - 7 7 0.00% Special Assmnts-Tax Collector 242,903 242,903 225,159 (17,744) 92.70% Special Assmnts-Discounts (9,716) (9,716) (8,829) 887 90.87% Other Miscellaneous Revenues - - 1,040 1,040 0.00% Gate Bar Code/Remotes 1,100 460 550 90 50.00% TOTAL REVENUES 234,787 233,856 218,236 (15,620) 92.95% EXPENDITURES Administration PR-Board of Supervisors 7,200 3,000 2,400 600 33.33% FICA Taxes 551 230 184 46 33.39% ProfServ-Engineering 1,000 415 225 190 22.50% ProfServ-Legal Services 4,000 1,665 163 1,502 4.08% ProfServ-Mgmt Consulting Sery 39,223 16,345 16,343 2 41.67% ProfServ-Property Appraiser 3,644 3,644 3,644100.00% ProfServ-Special Assessment 5,463 5,463 5,463 - 100.00% ProfServ-Web Site Development 650 208 320 (112) 49.23% Auditing Services 3,200 2,500 - 2,500 0.00% Postage and Freight 1,500 625 174 451 11.60% Insurance-General Liability 8,691 8,691 7,865 826 90.50% Printing and Binding 1,000 415 311 104 31.10% Legal Advertising 1,500 625 453 172 30.20% Misc-Bank Charges 800 335 308 27 38.50% Misc-Assessmnt Collection Cost 4,855 4,855 4,327 528 89.12% Office Supplies 175 75 - 75 0.00% Annual District Filing Fee 175 175 175 - 100.00% Total Administration 83,627 49,266 42,355 6,911 50.65% Public Safety Contracts-Security Services 47,000 19,585 19,548 37 41.59% Contracts-Cleaning Services 1,920 800 751 49 39.11% Contracts-HVAC 350 145 - 145 0.00% Communication-Telephone 1,750 730 734 (4) 41.94% Electricity-Entrance 2,200 916 827 89 37.59% Utility-Water&Sewer 700 290 254 36 36.29% Lease-Carts 1,500 750 - 750 0.00% R&MGate 3,000 1,250 587 663 19.57% Report Date:3/7/2016 2 HERITAGE GREENS Community Development District General Fund Statement of Revenues,Expenditures and Changes in Fund Balances For the Period Ending February 29, 2016 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD R&M-Gatehouse 2,130 1,793 1,793 - 84.18% Op Supplies-Transmitters 1,200 500 439 61 36.58% Op Supplies-Gatehouse 900 375 688 (313) 76.44% Cap Outlay-Equipment 3,800 1,585 - 1,585 0.00% Total Public Safety 66,450 28,719 25,621 3,098 38.56% Landscape Services Contracts-Landscape 18,000 7.500 6,903 597 38.35% Contracts-Preserve Management 2,000 1,000 880 120 44.00% Electricity-Irrigation 2,200 915 802 113 36.45% R&M-Renewal and Replacement 1,000 415 225 190 22.50% R&M-Canals 2,600 - - - 0.00% R&M-Fountain 2,700 1,125 529 596 19.59% R&M-Grounds 3,000 1,250 125 1,125 4.17% R&M-Irrigation 1,500 625 200 425 13.33% R&M-Preserves 100 16 - 16 0.00% Misc-Special Projects 7,000 4,600 4,600 - 65.71% Total Landscape Services 40,100 17,446 14,264 3,182 35.57% Road and Street Facilities Electricity-Streetlighting 11,000 4,584 4,301 283 39.10% R&M-Drainage 1,500 625 - 625 0.00% R&M-Roads&Alleyways 2,000 835 - 835 0.00% R&M-Sidewalks 4,000 1,665 - 1,665 0.00% Traffic Signage Rehabilitation 1,260 525 1,380 (855) 109.52% Reserve-Roadways 24,850 - - - 0.00% Total Road and Street Facilities 44,610 8,234 5,681 2,553 12.73% TOTAL EXPENDITURES 234,787 103,665 87,921 15,744 37.45% Excess(deficiency)of revenues Over(under)expenditures - 130,191 130,315 124 0.00% Net change in fund balance $ - $ 130,191 $ 130,315 $ 124 0.00% FUND BALANCE,BEGINNING(OCT 1,2015) 196,525 196,525 196,525 FUND BALANCE,ENDING $ 196,525 $ 326,716 $ 326,840 Report Date:3/7/2016 3 HERITAGE GREENS Community Development District Supporting Schedules February 29, 2016 HERITAGE GREENS Community Development District Non-Ad Valorem Special Assessments-Collier County Tax Collector Monthly Collection Distributions For the Fiscal Year ending September 30,2016 Discount/ Gross Date Net Amount (Penalties) Collection Amount Received Received Amount Costs Received Assessments Levied FY 2016 $ 242,905 Allocation% 100% 10/26/15 2,140 121 44 2,305 11/13/15 28,620 1,217 584 30,421 11/30/15 121,642 5,163 2,483 129,288 12/14/15 46,645 1,952 952 49,549 12/31/15 6,015 199 123 6,338 01/29/16 6,941 176 142 7,259 TOTAL 212,003 8,829 4,327 225,159 %Collected 93% Report Date:3/7/2016 4 HERITAGE GREENS Community Development District Cash and Investment Balances February 29,2016 ACCOUNT NAME BANK NAME MATURITY YIELD BALANCE GENERAL FUND Operating Account-Checking SunTrust n/a 0.10% $209,408 Money Market Account BankUnited n/a 0.45% $127,105 (1) State Board Account SBA n/a 0.48% $633 Total $337,146 NOTES: (1) Invested in Money Market Account at Bank United-rate increased from.35%to.449%in August 2015. Report Date:3/4/2016 5 Heritage Greens CDD Bank Reconciliation Bank Account No. 9920 SunTrust Bank-GF Statement No. 2016-2 Statement Date 2/29/2016 GIL Balance(LCY) 209,407 86 Statement Balance 209,592 55 GIL Balance 209,407.85 Outstanding Deposits 0.00 Positive Adjustments 0.00 — Subtotal 209,592.55 Subtotal 209,407.85 Outstanding Checks 184.70 Negative Adjustments 0.00 Differences 0.00 • Ending GIL Balance 209,407.85 Ending Balance 209,407.85 Difference 0.00 Posting Document Document Cleared Date Type No. Description Amount Amount Difference Outstanding Checks 2/23/2016 Payment 003231 JOHN L.JORDAN 184.70 0.00 184.70 Total Outstanding Checks 184.70 184.70 6 11000 O O(�N CND OOl(p W O$0 0 8 2 8 8 8 8N 8, A A M ^ A R 4 Q d N N aD N.a�-Y1 C 0 N C)N 6 N Npp 6 Wap.ih m N v < Y a 0 Q �2y `n NI6'NMwN NNMrWi'W�69w69W W w m m » w w w 1, 0 u a QN � N FAUFFFUL3MM3 N O �N 1 W RO8'488 82. 888n20 5 45 cog 2 at.2 sg d. y St .2 mo= m1 d Eggdr, T 8,2 5 �, (�0 0 air c m `21.21 8 N • r v� u' i f u C 3 N Q O N N E.0 m m 2 w O O. d lD c N d J L 4 c 9 3 fP g -2- N a . ';W N ✓ 1°• Tin e $ Z2maaa�255Z Ji ,b?g_.'b?gL V !nl�' g=o g O E , - g v1 a v t tK g b g Y'3,ii ga°aa` cga°z�o5Lik.5c4c4�www �� 0 •+ L 01 C _0 i+ e .e d r E c C U U W W O. 'm 0 y d d 0 H W a s mm w 8 ' a Tirz o a D Zjd E 40JE O K`$aUU 'Ertl s N p a,_z CaLU w ?>)NZ 0owi2=gy'y'y a m..0.4 L U O �j C N I-W W W W r J Q N U L rD pO .�.i la O .�..p U a-¢1amw LL W o.uW.N�N o NNa aD row fO j�N� 1V m A D+ a'� a N N a7 C n x rrrr rgo zz1� tee' c E � a a= �2z2��� » �S�aea�1���, r as d pqa 0 L i y K r“,-f 3 N��1 4 ;W r i-N V-- iL 1- 0 V v i e Y! 2 z° 8�0 aQ m C U V M N N N N(D 0) ^N N%(0 0 CO J � (/) d j �8 v A A A,, Q N O O O O 1;5 ;5 ;c.d O ccc���III p� _ �y e 5�01y� (yQg �N S.5-�N L^V NN v C1 re g wwww I >»5 z U H N N N 000 Q r r r L 2 U . . .. • wwww CCC ggg m f f ma w U 1Wi 1110 > ocZ- .Y 11aC mwo .www og88 mm Q z aL NNNJOLLppSO Q WN WWwUUU5 bapzzz K5w„ 0a zz0Qa '- So o WQa VVJ wNZ ` ccc � U'); zzzLW rrrLLLL ,.. .• WWWW= wWO2O0eC WNUW 1-WwWW1- „ ? z •Z vmNwNUUyyYLLKVYaO 4 2 q 12. ' (0 m m 0 0 aD(0(0(0(0(0 ..... ..... . . . (�N N t�(:(tQ��(tQ�� Q:tQ$1'�D::a a{t[a[V a(aa(V to(�C1a�11 a fQaQf�(QaQ(t� (�I {�A ((Py 0000000000000000% 0 0 0 0 O O O (0 aV r F F F N N G N t i NV ltN7V<4 N N R 1�aD N A N' &N RN t- A m m .(7 of 1 CN'a --Q-i-g(+Ni g l+l e7 O O O O M M M g 8880888888888888888 888 0 W 0 v c . c; 0 88888888888888888888888 888 ce