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Agenda 02/08/2021 Cedar Hammock Community Development District Board of Supervisors Norman Day,Chairman Justin Faircloth,District Manager Quentin Greeley,Vice Chairman Sam Marshall,District Engineer Fred Bally,Assistant Secretary Dan Cox,District Counsel John Martino,Assistant Secretary Gene T.Bolton,Assistant Secretary Meeting Agenda Cedar Hammock Clubhouse 8660 Cedar Hammock Boulevard,Naples, Florida February 8, 2021 —2:00 p.m. 1. Roll Call 2. Approval of Agenda 3. Public Comments on Agenda Items 4. Old Business A. Bulkhead&Bridge Repair/Replacement Project Update 5. New Business A. Presentation of the Preliminary FY2022 Budget B. Discussion of Email Archiving C. E-Verify, Memorandum of Understanding 6. Attorney's Report 7. Engineer's Report 8. Manager's Report A. Approval of the Minutes of January 11, 2021 Meeting B. Acceptance of the December 2020 Financial Report C. Cardno Fourth Quarter 2020 Water Use Compliance Report D. Follow Up Items 9. Supervisors Requests 10.Audience Comments 11. Adjournment Next scheduled meeting: March 8, 2021 @ 2:00 p.m. . 1kuiL 1th PART Of THE USA TODAY NETWORK Published Daily Naples, FL 34110 CEDAR HAMMOCK COMMUN ITY 210 N UNIVERSITY DR#702 CORAL SPRINGS, FL 33071-7320 Affidavit of Publication STATE OF WISCONSIN COUNTY OF BROWN Before the undersigned they serve as the authority, personally appeared said legal clerk who on oath says that he/she serves as Legal Clerk of the Naples Daily News, a daily newspaper published at Naples, in Collier County, Florida; distributed in Collier and Lee counties of Florida; that the attached copy of the advertising was published in said newspaper on dates listed. Affiant further says that the said Naples Daily News is a newspaper published at Naples, in said Collier County, Florida, and that the said newspaper has heretofore been continuously published in said Collier County, Florida; distributed in Collier and Lee counties of Florida, each day and has been entered as second class mail matter at the post office in Naples, in said Collier County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper. Published: 09/01/2020 Subscribed and sworn to before on September 1,2020: Notary,State of WI,County of Brown TARA MONDLOCH Notary Public State of Wisconsin, My commission expires August 6,2021 Publication Cost:$381.50 Ad No:0004353016 Customer No: 1304217 PO#: Cedar Hammock fy2021 mtgs #of Affidavits1 This is not an invoice Notice of Meetings Cedar Hammock Community Development District The Board of Supervisors of the Cedar Hammock Corn- munity Development District will hold their meetings for Fiscal Year 2021 at the Cedar Hammock Clubhouse', 8630 Cedar Hammock Boulevard, Naples, Florida at 2:00 p.m.on the second Monday of the fol- lowing months: September 8,2020—special meeting of FY2020 October 12,2020 November 9,2020 December 14,2020 January 11,2021 February 8,2021 March 8,2021 April 12,2021 May 10,2021 *Please note that pursuant to Governor Des'antis' Executive Order 20-69 (as extended by Executive Order 20-150 and as it may be further extended or amended) relating to the COVID-19 public health emer- gency and to protect the pub- lic and follow the CDC guid- ance regarding social distancing, such public hear- ing and meeting may be held telephonically, virtually, or at another location in the event the above location is not available. Please check the District's website for the latest information: wiwi.cedarham mockcdd.com. Or you may contact the District Manage- ment Company, Inframark, LLC at 954-603-0033 at least two(2)calendar days prior to the date of the meetings or if you are hearing or speech ire- paired, please contact the Florida Relay Service at 7-1-1 or (800) 955-8771 (TTY)i(800) 955-8770 (Voice) for aid in contacting the District Man- agement Company, for in- structions on how to join the meeting. The meetings are open to the public and will be conducted In accordance with the provi- sion of Florida Law for Com- munity Development Districts. Meetings may be continued to a date, time and location to be specified on the record at the meetings. There may be occasions when one or more Supervisors will participate via telephone. In accordance with the provi- sions of the Americans with Disabilities Act, any person re- quiring special accommoda- tions at these meetings be- cause of a disability or physi- cal impairment should contact the District Management Company, Inframark, LLC at 954-603-0033 at least two (2) calendar days prior to the date of the meetings. If you are hearing or speech im- paired, please contact the Florida Relay Service at 7-1-1 or (300) 955.8771 (T7 )i(800) 955-8770 (Voice) for aid in contacting the District Man- agement Company. Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and accord- ingly, the person may reed to ensure a verbatim record of the proceedings is made, in- rhuiinn tha tactimnm, and avi. dence upon ....Ili& such ap- peal is to be based. Justin Faircloth District Manager Ptlb Date: Sept 1, 2020 *4353916 • CEDAR HAMMOCK Community Development District Annual Operating and Debt Service Budget Fiscal Year 2022 Prosposed Budget (Meeting 2/8/21) Prepared by 61N FRAMARK Ivt i T RUCTURE MANAGEMENT SERVICES CEDAR HAMMOCK Community Development District Table of Contents Page OPERATING BUDGET General Fund Summary of Revenues, Expenditures and Changes in Fund Balances 1 -2 Budget Narrative 3-6 Bulkhead/Bridge Restoration Fund Summary of Revenues, Expenditures and Changes in Fund Balances 7 Amortization Schedule 8 Budget Narrative 9 Exhibit A-Allocation of Fund Balances 10 SUPPORTING BUDGET SCHEDULES 2021-2022 Non-Ad Valorem Assessment Summary 11 CEDAR HAMMOCK Community Development District Operating Budget Fiscal Year 2022 CEDAR HAMMOCK Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2022 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JAN- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2019 FY 2020 FY 2021 DEC-2020 SEP-2021 FY 2021 FY 2022 REVENUES Interest-Investments $ 17,191 $ 15,583 $ 10,088 $ 602 452 1,054 5,088 Hurricane Irma FEMA Refund 12,622 1,082 - - - - - Interest-Tax Collector 188 1,082 - - - - - Special Assmnts-Tax Collector 379,523 157,459 299,007 266,313 32,694 299,007 669,004 Special Assmnts-Other - 281,623 - - - - - Special Assmnts-Discounts (13,901) (16,029) (11,960) (10,629) (1,308) (11,937) (26,760) Other Miscellaneous Revenus 1,975 17,875 - - - - - TOTAL REVENUES 397,598 458,675 297,135 256,286 31,838 288,124 647,331 EXPENDITURES Administrative ProfServ-Engineering 38,061 22,048 30,000 2,781 27,219 30,000 10,000 ProfServ-Legal Services 14,201 7,494 4,249 1,005 3,244 4,249 4,249 ProfServ-Mgmt Consulting Sery 41,498 39,993 40,742 10,186 30,556 40,742 41,965 ProfServ-Property Appraiser 2,132 5,693 4,485 - 4,485 4,485 10,035 ProfServ-Special Assessment 7,941 13,029 8,938 8,120 - 8,120 8,214 ProfServ-Web Site Maintenance 656 587 696 174 522 696 717 Auditing Services 4,400 5,000 5,000 - 5,000 5,000 5,000 Postage and Freight 2,843 933 900 16 884 900 900 Insurance-General Liability 7,000 7,200 7,920 7,200 - 7,200 8,712 Printing and Binding 1,252 550 2,000 48 1,452 1,500 1,200 Legal Advertising 6,629 4,313 3,000 - 3,000 3,000 2,500 Misc-Bank Charges 380 - 700 - 525 525 700 Misc-Assessmnt Collection Cost 3,540 6,525 5,980 5,114 654 5,768 13,380 Misc-Web Hosting 239 3,316 1,799 632 1,164 1,796 2,000 Office Supplies 28 2,800 100 - 100 100 100 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 130,975 119,656 116,684 35,451 78,805 114,255 109,847 Field ProfServ-Field Management 5,008 5,116 1,633 3,964 11,892 15,856 1,682 Project Mgmt Fees - 2,500 Contracts-Water Mgmt Services 7,200 7,200 7,200 1,800 5,400 7,200 7,200 Utility-Cameras 1,299 1,311 1,268 120 1,185 1,268 1,268 Electricity-Wells 2,190 3,177 4,866 594 4,272 4,866 4,866 Electricity-Aerator 1,358 1,163 2,000 320 1,680 2,000 4,000 R&M-Lake 3,113 2,940 3,000 - 3,000 3,000 3,000 R&M-Plant Replacement 788 - 3,015 - 3,015 3,015 500 Annual Operating Budget Fiscal Year 2022 Page 1 CEDAR HAMMOCK Community Development District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2022 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JAN- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2019 FY 2020 FY 2021 DEC-2020 SEP-2021 FY 2021 FY 2022 R&M-Bulkheads 8,000 2,575 5,000 - 5,000 5,000 5,000 R&M-Bridges - - 5,000 - 5,000 5,000 5,000 Misc-Contingency 13,591 7,774 17,469 - 17,469 17,469 17,469 Capital Outlay 12,015 23,130 - - - - 90,000 Total Field 54,562 54,386 50,451 6,798 57,913 64,674 142,485 TOTAL EXPENDITURES 185,537 174,042 167,135 42,249 136,717 178,929 252,331 Reserve-Bridges 22,064 154,036 10,000 - 10,000 10,000 35,000 Reserve-Irrigaton - - - - - - 60,000 Reserve-Bulkheads 107,683 451,110 10,000 - 10,000 10,000 30,000 Reserve-Lakes - 72,153 10,000 - 10,000 10,000 60,000 Reserve-Roadways 830 105,000 100,000 - 100,000 100,000 210,000 Total Reserves 130,577 782,299 130,000 - 130,000 130,000 395,000 TOTAL EXPENDITURES&RESERVES 316,114 956,341 297,135 42,249 266,717 308,929 647,331 Excess(deficiency)of revenues Over(under)expenditures 81,484 (497,666) - 214,037 (234,880) (20,806) - OTHER FINANCING SOURCES(USES) TOTAL OTHER SOURCES(USES) $ - - - - - - - Net change in fund balance 81,484 (497,666) - 214,037 (234,880) (20,806) - FUND BALANCE, BEGINNING 784,456 865,940 368,274 368,274 - 368,274 347,468 FUND BALANCE, ENDING $ 865,940 $ 368,274 $ 368,274 $ 582,311 $ (234,880) $ 347,468 $ 347,468 Annual Operating Budget Fiscal Year 2022 Page 2 CEDAR HAMMOCK Community Development District General Fund Budget Narrative Fiscal Year 2022 REVENUES Interest Investments The District earns interest on the monthly average collected balance for their operating accounts, money market accounts and certificates of deposits. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments- Discounts Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative Prof 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 Inframark Infrastructure Management Services. 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 2022 Page 3 CEDAR HAMMOCK Community Development District General Fund Budget Narrative Fiscal Year 2022 EXPENDITURES Administrative(cont'd) 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. Prof Service—Web Site Maintenance Inframark Infrastructure Management Services oversees the District's email accounts and provides assistance to Campus Suite regarding the website,as necessary. Auditing Services The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Postage and Freight Mailing of agenda packages, overnight deliveries, correspondence, etc. Insurance-General Liability The District's General Liability & Public Officials Liability Insurance policy is with The Florida League of Cities, Inc. The Florida League of Cities, Inc. specializes in providing insurance coverage to governmental agencies. Printing& Binding Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc. Legal Advertising The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation. Misc-Bank Charges Bank fees that may be incurred during the year. Misc-Assessment Collection Costs The District reimburses the Tax Collector for 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 2022 Page 4 CEDAR HAMMOCK Community Development District General Fund Budget Narrative Fiscal Year 2022 EXPENDITURES Administrative(cont'd) Misc—Web Hosting The District incurs expenses to maintain and renew their website domain and email accounts. Office Supplies Miscellaneous office supplies required for the preparation of agenda packages. Annual District Filing Fee The District is required to pay an annual fee of$175 to the Dept of Economic Opportunity Div. Field Services Prof Service—Field Management Inframark Infrastructure Management Services inspects the District's assets and provides two reports per year. Project Management Fees Expenses incurred from the field manager for the bulkhead/bridges and aeration project. Contracts—Water Mgmt Services Professional services for environmental permit compliance related to the water use permit. Utility—Cameras Costs associated with the District's gate cameras. Electricity-Wells FPL provides electrical services for the District's pumps at the following addresses: • 8684 Cedar Hammock Circle-Well#4 Meter KL35128 • 3639 Cedar Hammock Court—Well#6 Meter ACD4996 Electricity-Aerators FPL provides electrical services for the District's pumps at the following addresses: • 3826 Wax Myrtle Run—Meter ACD4234 • 8892 Cedar Hammock Blvd—Meter ACD4976 • 3766 Buttonwood Way—Meter ACD8387 R&M-Lake Repair and maintenance expenses related to lakes including washout repairs and erosion. Annual Operating Budget Fiscal Year 2022 Page 5 CEDAR HAMMOCK Community Development District General Fund Budget Narrative Fiscal Year 2022 EXPENDITURES Administrative(cont'd) R&M—Plant Replacement Replace landscape plantings at pumps. R&M—Bridges Repair and maintenance expenses related to the bridges. R&M—Bulkheads Repair and maintenance expenses related to bulkheads. Misc-Contingency Any current year Field expenditure that may not have been provided for in the budget. Capital Outlay For expenses incurred for the Aeration Project, as well as the replacement of the decks for bridges 9 & 18. Reserves: Reserve-Bridges Funds to be set aside for future bridge expenditures as determined by the BOS. Reserve-Irrigation 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 2022 Page 6 CEDAR HAMMOCK Community Development District Bulkhead/Bridge Restoration Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2022 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL BUDGET THRU JAN- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2020 FY 2021 DEC-2020 SEP-2021 FY 2021 FY 2022 REVENUES Special Assmnts-Tax Collector $ 1,166,613 $ 756,239 $ 673,542 82,697 756,239 $ 564,239 Special Assmnts-Discounts (42,589) (30,250) (26,882) (3,308) (30,190) (22,570) Other Miscellaneous Revenus - - 15,900 - 15,900 - TOTAL REVENUES 1,124,024 725,989 662,560 79,389 741,949 541,669 EXPENDITURES Administrative ProfServ-Property Appraiser 18,515 11,343 - 11,343 11,343 8,464 Misc-Assessmnt Collection Cost 17,336 15,124 12,933 1,654 14,587 11,285 Total Administrative 35,851 26,467 12,933 12,997 25,930 19,748 Field Capital Outlay Bulkhead and Bridges Project 1,627,526 699,522 601,430 - 601,430 - Total Field 1,627,526 699,522 601,430 - 601,430 - Debt Service Pre-payment 180,000 180,000 Operating Loan Repayment - - 3,475 566,420 569,895 585,547 Total Debt Service - - 3,475 746,420 749,895 585,547 TOTAL EXPENDITURES 1,663,377 725,989 617,838 759,417 1,377,255 605,295 Excess(deficiency)of revenues Over(under)expenditures (539,353) - 44,722 (680,028) (635,306) (63,625) OTHER FINANCING SOURCES(USES) Loan/Note Proceeds 654,835 - 645,165 - 645,165 - Contribution to(Use of)Fund Balance _ - - TOTAL OTHER SOURCES(USES) 654,835 - 645,165 - 645,165 - Net change in fund balance 115,482 - 689,887 (680,028) 9,859 (63,625) FUND BALANCE,BEGINNING (2) 115,480 115,480 - 115,480 125,339 FUND BALANCE,ENDING $ 115,480 $ 115,480 $ 805,367 $ (680,028) $ 125,339 $ 61,714 Annual Operating Budget Fiscal Year 2022 Page 7 CEDAR HAMMOCK Community Development District 002 General Fund AMORTIZATION SCHEDULE BRIDGE AND BULKHEAD CAPITAL PROJECT-LOAN Period Annual Debt Ending Principal Rate Interest Debt Service Service 11/1/2020 3.35% $ 33,030 $ 33,030 $ 699,522 5/1/2021 $ 644,564 3.35% $ 21,928 $ 666,492 11/1/2021 3.35% $ 11,055 $ 11,055 $ 677,547 5/1/2022 $ 655,436 3.35% $ 11,055 $ 666,492 I $ 1,300,000 $ 77,068 $ 1,377,068 $ 1,377,068 I Annual Operating Budget Fiscal Year 2022 Page 8 CEDAR HAMMOCK Community Development District Bulkhead and Bridge Restoration Fund Budget Narrative Fiscal Year 2022 REVENUES Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative Prof 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. Misc-Assessment Collection Costs The District reimburses the Tax Collector for 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. Field Capital Outlay Bulkhead and Bridges Project Costs associated with the Bulkhead/Bridge Repair/Replacement Project. A loan for $1.3M, including interest and related costs,was taken out for this project in FY21. Annual Operating Budget Fiscal Year 2022 Page 9 CEDAR HAMMOCK Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2022 $ 347,468 Net Change in Fund Balance-Fiscal Year 2022 - Reserves-Fiscal Year 2022 Additions 395,000 Total Funds Available(Estimated)-FY22 742,468 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 63,083 Itl Reserves-Bridges Prior Year's Reserve Funding 119,036 FY 2020 Reserve Funding 35,000 Less Actual FY20 (10,000) Less Actual FY20(bridge/bulkhead restoration project) (154,036) FY 2021 Reserve Funding 10,000 FY 2022 Reserve Funding 35,000 35,000 Reserves-Bulkheads Prior Year's Reserve Funding 125,885 FY 2020 Reserve Funding 95,500 Plus Reserves re-assignment 1/30/20 229,725 Less Actual FY20 (10,000) Less Actual FY20(bridge/bulkhead restoration project) (451,110) FY 2021 Reserve Funding 10,000 FY 2022 Reserve Funding 30,000 30,000 Reserves-Irrigation FY2022 Reserve Funding 60,000 60,000 Reserves-Lakes Prior Year's Reserve Funding 47,153 FY 2020 Reserve Funding 25,000 Less Actual FY20 (10,000) Less Actual FY20(bridge/bulkhead restoration project) (72,153) FY 2021 Reserve Funding 10,000 FY 2022 Reserve Funding 60,000 60,000 Reserves-Roadways Prior Year's Reserve Funding 229,725 FY 2020 Reserve Funding 105,000 Less Reserves Re-assignment as of 1/30/2020 (229,725) Less Actual FY20 (100,000) Less Actual FY20(bridge/bulkhead restoration project) (105,000) FY 2021 Reserve Funding 100,000 FY 2022 Reserve Funding 210,000 210,000 Subtotal 458,083 Total Allocation of Available Funds 458,083 Total Unassigned(undesignated)Cash $ 284,386 Notes (1)Represents approximately 3 months of operating expenditures. Annual Operating Budget Fiscal Year 2022 Page 10 CEDAR HAMMOCK Community Development District Supporting Budget Schedules Fiscal Year 2022 CEDAR HAMMOCK Community Development District 2021-2022 Assessment Chart O&M Assessment Bridges and Bulkhead Project Total Total Prior Year FY 2022 FY 2021 Percent FY 2022 FY 2021 Percent FY 2022 FY 2021 Percent Product Total Units Fund Fund Change Fund Fund Change Per Unit Per Unit Change Single Family 65 $837.30 $374.23 123.74% $ 706.18 $ 946.48 -25.4% $1,543.48 $1,320.71 16.9% 2-Story 228 $837.30 $374.23 123.74% $ 706.18 $ 946.48 -25.4% $1,543.48 $1,320.71 16.9% 4-Story 330 $837.30 $374.23 123.74% $ 706.18 $ 946.48 -25.4% $1,543.48 $1,320.71 16.9% Duplex 176 $837.30 $374.23 123.74% $ 706.18 $ 946.48 -25.4% $1,543.48 $1,320.71 16.9% 799 Annual Operating Budget Fiscal Year 2022 Page 11 CEDAR HAMMOCK Community Development District Financial Report December 31, 2020 (Unaudited) Prepared by: 61 N FRAMARK INFRASTRUCTURE MANAGEMENT SERVICES CEDAR HAMMOCK Community Development District Table of Contents FINANCIAL STATEMENTS Pages Balance Sheet 1 General Fund 2-3 General Fund-Bulkhead/Bridge Restoration Fund 4 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments 5 Cash and Investment Report 6 Valley National Bank Reconciliation 7 Check Register 8 CEDAR HAMMOCK Community Development District Financial Statements (Unaudited) December 31, 2020 CEDAR HAMMOCK Community Development District Governmental Funds Balance Sheet December 31, 2020 GF-BULKHEAD AND BRIDGE GENERAL RESTORATION ACCOUNT DESCRIPTION FUND FUND TOTAL ASSETS Cash-Checking Account $ 1,186,802 $ - $ 1,186,802 Due From Other Funds - 806,292 806,292 Investments: Money Market Account 215,044 - 215,044 Deposits 1,359 - 1,359 TOTAL ASSETS $ 1,403,205 $ 806,292 $ 2,209,497 LIABILITIES Accounts Payable $ 14,602 $ 925 $ 15,527 Due To Other Funds 806,292 - 806,292 TOTAL LIABILITIES 820,894 925 821,819 FUND BALANCES Nonspendable: Deposits 1,359 - 1,359 Assigned to: Operating Reserves 108,140 - 108,140 Unassigned: 472,812 805,367 1,278,179 TOTAL FUND BALANCES $ 582,311 $ 805,367 $ 1,387,678 TOTAL LIABILITIES&FUND BALANCES $ 1,403,205 $ 806,292 $ 2,209,497 Page 1 CEDAR HAMMOCK Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending December 31,2020 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ 10,088 $ 2,522 $ 602 $ (1,920) Special Assmnts-Tax Collector 299,007 263,946 266,313 2,367 Special Assmnts-Discounts (11,960) (10,558) (10,629) (71) TOTAL REVENUES 297,135 255,910 256,286 376 EXPENDITURES Administration ProfServ-Engineering 30,000 7,500 2,781 4,719 ProfServ-Legal Services 4,249 1,062 1,005 57 ProfServ-Mgmt Consulting Sery 40,742 10,185 10,186 (1) ProfServ-Property Appraiser 4,485 4,485 - 4,485 ProfServ-Special Assessment 8,938 8,938 8,120 818 ProfServ-Web Site Maintenance 696 174 174 - Auditing Services 5,000 - - - Postage and Freight 900 225 16 209 Insurance-General Liability 7,920 7,920 7,200 720 Printing and Binding 2,000 500 48 452 Legal Advertising 3,000 750 - 750 Misc-Bank Charges 700 175 - 175 Misc-Assessmnt Collection Cost 5,980 5,278 5,114 164 Misc-Web Hosting 1,799 450 632 (182) Office Supplies 100 25 - 25 Annual District Filing Fee 175 175 175 - Total Administration 116,684 47,842 35,451 12,391 Page 2 CEDAR HAMMOCK Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending December 31,2020 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) Field ProfServ-Field Management 1,633 408 3,964 (3,556) Contracts-Water Mgmt Services 7,200 1,800 1,800 - Utility-Cameras 1,268 317 120 197 Electricity-Wells 4,866 1,217 594 623 Electricity-Aerator 2,000 500 320 180 R&M-Lake 3,000 750 - 750 R&M-Plant Replacement 3,015 754 - 754 R&M Bulkheads 5,000 1,250 - 1,250 R&M-Bridges&Cart Paths 5,000 1,250 - 1,250 Misc-Contingency 17,469 4,367 - 4,367 Reserve-Bridges 10,000 2,500 - 2,500 Reserve-Bulkheads 10,000 2,500 - 2,500 Reserve-Lakes 10,000 2,500 - 2,500 Reserve-Roadways 100,000 25,000 - 25,000 Total Field 180,451 45,113 6,798 38,315 TOTAL EXPENDITURES 297,135 92,955 42,249 50,706 Excess(deficiency)of revenues Over(under)expenditures - 162,955 214,037 51,082 Net change in fund balance $ - $ 162,955 $ 214,037 $ 51,082 FUND BALANCE,BEGINNING(OCT 1,2020) 368,274 368,274 368,274 FUND BALANCE,ENDING $ 368,274 $ 531,229 $ 582,311 Page 3 CEDAR HAMMOCK Community Development District Gf-Bulkhead And Bridge Restoration Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending December 31,2020 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ - $ - $ - $ - Special Assmnts-Tax Collector 756,239 584,619 673,542 88,923 Special Assmnts-Discounts (30,250) (23,385) (26,882) (3,497) Other Miscellaneous Revenues - - 15,900 15,900 TOTAL REVENUES 725,989 561,234 662,560 101,326 EXPENDITURES Administration ProfServ-Property Appraiser 11,343 11,343 - 11,343 Misc-Assessmnt Collection Cost 15,124 11,691 12,933 (1,242) Total Administration 26,467 23,034 12,933 10,101 Field Capital Outlay-Bulkheads 699,522 174,881 601,430 (426,549) Total Field 699,522 174,881 601,430 (426,549) Debt Service Operating Loan Repayment - - 3,475 (3,475) Total Debt Service - - 3,475 (3,475) TOTAL EXPENDITURES 725,989 197,915 617,838 (419,923) Excess(deficiency)of revenues Over(under)expenditures - 363,319 44,722 (318,597) OTHER FINANCING SOURCES(USES) Loan/Note Proceeds - - 645,165 645,165 TOTAL FINANCING SOURCES(USES) - - 645,165 645,165 Net change in fund balance $ - $ 363,319 $ 689,887 $ 326,568 FUND BALANCE,BEGINNING(OCT 1,2020) 115,480 115,481 115,480 FUND BALANCE,ENDING $ 115,480 $ 478,800 $ 805,367 Page 4 CEDAR HAMMOCK Community Development District Supporting Schedules December 31, 2020 CEDAR HAMMOCK Community Development District Non-Ad Valorem Special Assessments (Collier County Tax Collector- Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2021 ALLOCATION Bulkhead/Bridge Date Net Amount (Discount) Commission Amount General Fund Restoration Received Received Amount Amount Received Assessments Assessments Assessments Levied For FY 2021 $ 1,055,247 $ 299,010 $ 756,238 Allocation % 100% 28% 72% 10/29/20 $ 10,209 $ 584 $ 208 $ 11,001 $ 3,117 $ 7,884 11/13/20 6,213 264 127 6,604 1,871 4,732 11/17/20 209,986 8,928 4,285 223,200 63,245 159,955 11/19/20 233,594 9,932 4,767 248,293 70,355 177,938 12/10/20 397,607 16,906 8,114 422,627 119,754 302,874 12/20/20 26,688 898 545 28,130 7,971 20,159 TOTAL $ 884,297 $ 37,512 $ 18,047 $ 939,855 $ 266,313 $ 673,542 % COLLECTED 89% 89% 89% TOTAL OUTSTANDING $ 115,392 $ 32,697 $ 82,695 Report Date: 1/25/2021 Page 5 CEDAR HAMMOCK Community Development District All Funds Cash and Investment Report December 31, 2020 General Fund Account Name Bank Name Investment Type Maturity Yield Balance Checking Account- Operating Valley National Bank Gov't Interest Checking n/a 0.25% 1,186,802 Money Market Account BankUnited Public Funds MMA n/a 0.30% 215,044 Total $ 1,401,846 Report Date: 1/25/2021 Page 6 Cedar Hammock CDD Bank Reconciliation Bank Account No. 2555 Valley National Bank GF Statement No. 12/20 Statement Date 12/31/2020 G/L Balance(LCY) 1,186,801.96 Statement Balance 1,448,632.53 G/L Balance 1,186,801.96 Outstanding Deposits 0.00 Positive Adjustments 0.00 Subtotal 1,448,632.53 Subtotal 1,186,801.96 Outstanding Checks 261,830.57 Negative Adjustments 0.00 Differences 0.00 Ending G/L Balance 1,186,801.96 Ending Balance 1,186,801.96 Difference 0.00 Posting Document Document Cleared Date Type No. Description Amount Amount Difference Page 7 N M O O N (O O O M N aD O) 0) O) T N O M M O a0 M 0 O .- N -- M M m 0 N 0 0 (O!) 0 0 a a C V) (0 N (O a O O O O a a (0 0> O N a O N O o N M 0 N or m M - 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I- co co co co co co co N 0 0 0 0 0 0 000, 0) 0 0 0 C 0 0) C C 'C '0O O. 0 C 0 m m m m m m m c 10 a v -m13 -0 0 C N N N N N N N N N N N 0Ec co y 0 . m m .N U 0 0 0 0 00 N (DO 0000000 0 O y O p) a) C 2 0 m Y Y Y Y _ Y Y U 2 g O N 'v 0 to y y y > > > > > > > u E m -o a a m ac) A g d y a d m m m m m m m T T T T T T T o ✓ m c ' -) a > > > > > > > W rn 40 0 m m g 0 m 0 2 .� .�.� 0 0 0 0 0 0 0 m m . A co F 0 0 0 0 0 .0 (0a 0 0 aT 0 0 0 0 0 an a'a 'aaCO U) aaa` mwm2odf wwwww 00o0000 G a J Z Y W W U c 0 0 d N 0 Y O N c 0 J in o 0 0 C m Q 3 N 0W I Va °- (v> IN = O UoNNNNN Oo00 00000 < J3 oW L = 0 > LL, i- n J>`OV a CmmmNmZaOHNNNN QZ0OaaNQ y- NN N wWNm WWWWWW mOW ON>- i NNY l lwWJ E MMMMM Owwowa. N T F- HHHH1- w z z Z z z Z Z 7 H w U 0 .- 0 > Ug > JxOi t 0. wwwwww O WZ Q WW aNaaa > W ( 00OC2 WWWW0ZQrnN70 000 ❑ WDJrnNNt MZYNZz womD d O NZZZZZZZO M MN h OK � 0 m ❑ T•- wONMNce ❑ d ¢ UmN 0❑ JJJwx0 A N O a N HH00000O # W aw W NHF- WWI- ua( o o ? NNNNJZN00000 ZZYaZ ❑ >r DNC - ¢ ¢ Q ¢ ¢ OOUO- OUwO V `o O W immix o O D U O Co G a ¢ ¢ a a ci W a C z v 0 M U Q N N (ry N lm0 ❑ Q O = O m 0) N O N N (N Z .>- 0,) an O a ❑ ala �y C 000 0 0 0 00 < O ❑ J a} W N N- 0 N N N N N 1 Z N U O Z N Q h n r N- m m a n N N N N N a M a 1L N M M M M M M O a 0 0 0 0 0 0 0 N N O a "" 0 (f N (nl) N O COO m N N N N N C LL Z - N _ �- O aD m 0 0 a z 1- Z w O 0 a 0 O g w ?. 0 O 0 ❑ m Z 0 Q p F ? Z w >. 1}_ a F X a m H m z U W LL z m (901- 00 a J J J J J J O W Z Z x ? ❑ Y Y Y Y Y Y O z () () J J ~ 6 OU J Z x xcexcerrow zxxxxx W � Owz Og U U U U Ummm2m2wzJn ¢ Q ¢ Q ¢ 0 XOOUJOLU W OO M Lu z _ ❑ w 0 qWYJwW0KKY2m0_ aQw _ ceQQJa a0zaaaaa aJ "ZZZZZZUU ❑ aaw YUQm ❑ o ❑r 0 O O O O N O O O O O O O O O O O O O O O NO NNNNN NN ( OOO000NNNMNaMO N 7OOOOm0Q 0 _ a- - _-❑ Q N N N N N N N N N N N N N N N N G N N N N N N N Z 4 p E y o LL ,01.- mmo W 0 z m m m m m m - N (O f` N S O N M a (0 0O m J O O O O O O �I N N N N Z N N N N N N N N N N O O N N N N 0 (, 4 N N N N N N N N N N ❑ ❑ 000 i NNNNNNNN N W m a NNNNNNN O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O LL Z W O O O O O O O O O O O O O O O O O O O O O O 0 0 Cardno' Shaping the Future January 12, 2021 South Florida Water Management District Cardno Regulation Water Use Attn: Mr. Scott Korf 5670 Zip Drive P.O. Box 24680 Fort Myers,FL 33905 West Palm Beach, Florida 33416-4680 USA RE: Cedar Hammock Phone: 41 239 829 7011 SFWMD Permit#11-01711-W Fax: +1 239 277 7179 Cardno Project#E919050200 www.cardno.com Dear Scott: The monthly water elevation and quality data required for the above referenced permit are enclosed. Should you have any comments or questions, or require additional information, please do not hesitate to contact me. Sincerely, Stephan P. Kohlmeier Water Resource Analyst for Cardno Direct Line: (239)246-4813 Email: stephan.kohlmeiert cardno.com SPK/gng Enc: Quarterly Report of Monitoring Requirements cc: Justin Faircloth, Inframark Todd Legan, Cedar Hammock Z:Project Files1AAA-Hydro Sites\Cedar Hammock\LETTER.DOC South Florida Water Management District ConfirmationSent2Q20-10- 22 10:51:48 Monitoring Report for Water Use Permit Permit Number: 11-01711-W Submittal Number: 111996 Project Name: CEDAR HAMMOCK GOLF AND COUNTRY CLUB issued To:CEDAR HAMMOCK COMMUNITY DEVELOPMENT If you have questions or need assistance, DISTRICT Address: C/O INFRAMARK please contact us at wucomplianceesfwmd.gov City,State,Zip: FORT MYERSFL33905 Phone/Fax: (239)245-7118 E-mail: justin.faircloth@inframark.com Contact Corrections: None Name of Person Completing the form:Steve Phone Number:239-246- Date:10/22/2020 Kohlmeier 4813 Entity Date of Data Ground No Type Entity Name District ID Collection Chloride Water (mm/dd/yyyy) Level 1 FACILITY Pump Station 1 101079 10/21/2020 80 N/A GROUP 2 WELL MW-1 258516 10/21/2020 90 3.26 3 WELL MW-2 258517 10/21/2020 72 0.89 4 WELL MW-3 258518 10/21/2020 62 3.31 5 WELL MW-4 258519 10/21/2020 60 2.59 6 WELL 1 30124 10/21/2020 96 N/A 7 WELL 2 30126 10/21/2020 76 N/A 8 WELL 4 30130 10/21/2020 128 N/A 9 WELL 6 30134 '10/21/2020 98 N/A ,, Comments: Entity i Reporting ty Name District Period Unit Fo Ent Comments Type ID (mm/ddlyyyy) Description South Florida Water Management District ConfirmationSent202011 18 09:41.44 Monitoring Report for Water Use Permit Permit Number: 11-01711-W Submittal Number: 113076 Project Name: CEDAR HAMMOCK GOLF AND COUNTRY CLUB Issued To: CEDAR HAMMOCK COMMUNITY DEVELOPMENT If you have questions or need assistance, DISTRICT please contact us at wucompliance(a sfwmd.gov Address: C/O INFRAMARK City,State,Zip: FORT MYERSFL33905 Phone/Fax: (239)245-7118 E-mail: justin.faircloth@inframark.com Contact Corrections: None Name of Person Completing the form:Steve Phone Number:239-246- Date:11/18/2020 Kohlmeier 4813 Entity Date of Data Ground No Type Entity Name District ID Collection Chloride Water (mm/dd/yyyy) Level 1 FACILITY PumpStation 1 101079 11/16/2020 78 N/A GROUP 2 WELL MW-1 258516 11/16/2020 90 3.74 3 WELL MW-2 258517 11/16/2020 72 4.26 4 WELL MW-3 258518 11/16/2020 62 3.72 5 WELL MW-4 258519 _11/16/2020 60 3.04 6 WELL 1 30124 11/16/2020 96 N/A 7 WELL 2 30126 11/16/2020 76 N/A 8 WELL 4 30130 11/16/2020 128 N/A 9 WELL 6 30134 11/16/2020 98 N/A Comments: Reporting No Entity Entity Name District Period Unit Comments Type ID (mm/dd/yyyy) Description South Florida Water Management District Confirmation Sent2020 12- 17 08:13:35 Monitoring Report for Water Use Permit Permit Number: 11-01711-W Submittal Number: 113850 Project Name: CEDAR HAMMOCK GOLF AND COUNTRY CLUB Issued To: CEDAR HAMMOCK COMMUNITY DEVELOPMENT If you have questions or need assistance, DISTRICT please contact us at wucomplianceOsfwmd,gov Address: C/O INFRAMARK City, State,Zip: FORT MYERSFL33905 Phone!Fax: (239)245-7118 E-mail: justin.faircloth@inframark.com Contact Corrections: None Name of Person Completing the form:Steve Phone Number:239-246- Date:12/17/2020 Kohlmeier 4813 Entity Date of Data Ground No Type Entity Name District ID Collection Chloride Water (mm/dd/yyyy) Level 1 FACILITY PumpStation 1 101079 12/16/2020 92 N/A GROUP 2 WELL MW-1 258516 12/16/2020 64 4.89 3 WELL MW-2 258517 12/16/2020 68 5.1 4 WELL MW 3 258518 12/16/2020 104 4.54 5 WELL MW-4 258519 12/16/2020 114 3.8 6 WELL 1 30124 12/16/2020 172 N/A 7 WELL 2 30126 12/16/2020 144 N/A 8 WELL 4 30130 12/16/2020 128 N/A 9 WELL 6 30134 12/16/2020 114 N/A Comments: Reporting No Entity Entity Name District Period Unit Comments Type ID (mm/dd/yyyy) Description