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Backup Documents 12/13/2022 Item #16I1A6 1 6 i 1 A 6 Naples Heritage Community Development District Inframark, Community Management Services 210 North University Drive, Suite 702, Coral Springs, Florida 33071 Telephone (954) 603-0033 • Fax (954) 345-1292 DATE: November 8, 2022 TO: Ms. Crystal Kinzel Clerk of the Circuit Court Finance Department Crystal.KinzelAcollierclerk.com FROM: Janice Swade District Recording Secretary RE: Minutes of the May 3, 2022 Meeting as Approved at the November 1, 2022 Meeting Enclosed for your records is a copy of the minutes and corresponding attachments from the above referenced meeting of the Naples Heritage Community Development District, which are to be kept on file for public access during normal business hours. Cc: Mr. Gregory Urbancic Coleman, Yovanovich & Koester, P.A. gurbancic@gcjlaw.com Justin.faircloth(a�inframark.com Gm@nhgcc.com 161 1A6 MINUTES OF MEETING NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Naples Heritage Community Development District was held on Tuesday, May 3, 2022 at 9:00 a.m. at the Naples Heritage Clubhouse, 8150 Heritage Club Way,Naples, Florida. Present and constituting a quorum were: Kenneth R. Gaynor Chairman Gerald James Assistant Secretary Richard Leonhard Assistant Secretary Tom Rutkowski Assistant Secretary Also present was: Justin Faircloth District Manager The following is a summary of the discussions and actions taken. FIRST ORDER OF BUSINESS Roll Call • Mr. Gaynor called the meeting to order and a quorum was established. SECOND ORDER OF BUSINESS Public Comment on Agenda Items • No public comments were received. THIRD ORDER OF BUSINESS Approval of the Minutes of the April 5, 2022 Meeting • Mr. Faircloth asked if there were any corrections, deletions, or changes to the minutes, there being none, On MOTION by Mr. James seconded by Mr. Leonhard with all in favor the minutes of the April 5, 2022 meeting were approved as presented. 4-0 16i1A6 May 3, 2022 Meeting Naples Heritage CDD FOURTH ORDER OF BUSINESS Old Business • Mr. Gaynor provided an update on the fence installed by the Club, noting the vendor had been changed. • Mr. Gaynor provided an update on the nature trail paths and the progress with DexBender. Mr. Faircloth will have Mr. Cole provide information to Mr. Smith as requested on the preserve designations. FIFTH ORDER OF BUSINESS New Business • There being none, the next agenda item followed. SIXTH ORDER OF BUSINESS Public Hearing to Consider the Adoption of the Fiscal Year 2023 Budget A. Open the Public Hearing for Public Comments On MOTION by Mr. Leonhard seconded by Mr. Rutkowski with all in favor the public hearing for public comments was opened. • No comments were received. B. Close the Public Hearing for Public Comments On MOTION by Mr. James seconded by Mr. Rutkowski with all in favor the public hearing for public comments was closed. C. Consideration of Resolution 2022-04,Adopting the FY2023 Budget On MOTION by Mr. Leonhard seconded by Mr. James with all in favor Resolution 2022-04, adopting the FY2023 budget was adopted as presented. 4-0 D. Consideration of Resolution 2022-05, Levying Assessment On MOTION by Mr. Leonhard seconded by Mr. Rutkowski with all in Resolution 2022-05, levying assessments was adopted. 4-0 2 16 1 1A 6 May 3, 2022 Meeting Naples Heritage CDD SEVENTH ORDER OF BUSINESS Manager's Report A. Acceptance of Financial Statements, March 2022 On MOTION by Mr. Leonhard seconded by Mr. Rutkowski with all in favor the financial statements dated March 2022 were accepted. 4-0 B. Number of Registered Voters • Mr. Faircloth noted the number of registered voters in the District. C. Follow Up Items • Mr. Faircloth provided updates on the follow up items. On MOTION by Mr. Rutkowski seconded by Mr. James with all in favor ratification of the decision by the Chairman to pay $400 for two trees to be removed by Bushwood Tree Company was approved. 4-0 EIGHTH ORDER OF BUSINESS Attorney's Report • Mr. Faircloth discussed House Bill 7049 with the Board and its possible implications for legal advertisements for the District. He indicated it was approved by the legislature but remained to be signed by the Governor. NINTH ORDER OF BUSINESS Engineer's Report • Mr. Faircloth updated the Board on the status of the Stormwater Needs Analysis report noting the data had been provided to Hole Montes and he is awaiting the final report. TENTH ORDER OF BUSINESS Supervisors' Requests • No supervisors' requests were received. ELEVENTH ORDER OF BUSINESS Audience Comments • No audience comments were received. 3 161 1A 6 May 3,2022 Meeting Naples Heritage CDD TWELFTH ORDER OF BUSINESS Adjournment • There being no additional business to be brought before the Board, the meeting adjourned at 9:40 a.m. 2-0cz. Kenneth R. Gaynor, C rman 4 1 6 1 1 A 6 Naples Heritage Community Development District Board of Supervisors Kenneth R.Gaynor,Chairman Peter V.Ramundo,Vice Chairman Justin Faircloth,District Manager Gerald G.James,Assistant Secretary Gregory L.Urbancic,District Counsel Richard J. Leonhard,Assistant Secretary W.Terry Cole,District Engineer Tom Rutkowski,Assistant Secretary Meeting Agenda May 3,2022—9:00 a.m. 1. Roll Call 2. Public Comment on Agenda Items 3. Approval of the Minutes of the April 5,2022 Meeting 4. Old Business 5. New Business 6. Public Hearing to Consider the Adoption of the Fiscal Year 2023 Budget A. Open the Public Hearing for Public Comments B. Close the Public Hearing for Public Comments C. Consideration of Resolution 2022-04, Adopting the FY2023 Budget D. Consideration of Resolution 2022-05, Levying Assessment 7. Manager's Report A. Acceptance of Financial Report, March 2022 B. Number of Registered Voters, 578 C. Follow-up Items 8. Attorney's Report 9. Engineer's Report A. Hole Montes Stormwater Needs Analysis 10. Supervisors' Requests 11. Audience Comments 12. Adjournment The next meeting is scheduled for November 1, 2022 , 16 1 1A 6 F.\apit5 Di1aiL rw,!i PART Of THE USA TODAY NETWORK Published Daily - Naples, FL 34110 NAPLES HERITAGE CDD 15275 COLLIER BLVD#201-346 Naples Heritage NAPLES, FL 34119-6750 Community Development District NOTICE OF REGULAR BOARD MEETING AND NOTICE OF PUBLIC HEARINGS TO RECEIVE PUBLIC COMMENT ON THE FISCAL YEAR Affidavit of Publication 2023 PROPOSED FINAL BUDGET(5); TO CONSIDER THE IMPOSI- TION OF MAINTENANCE AND OPERATION SPECIAL ASSESS- STATE OF WISCONSIN MENTS; ADOPTION OF AN ASSESSMENT ROLL; AND PROVIDING COUNTY OF BROWN FOR THE LEVY,COLLECTION AND ENFORCEMENT OF THE SAME The Board of Supervisors ("Board") of the Naples Heritage Corn- Before the undersigned they serve as the authority, munity Development District ("District") will hold a regular meeting and conduct public hearings on Tuesday, May 3, 2022, personally appeared said legal clerk who on oath says that at 9:00 a.m. at the Naples Heritage Golf & Country Club Club- he/she serves as Legal Clerk of the Naples Daily News, a house,8150 Heritage Club Way,Naples,Florida daily newspaper published at Naples, in Collier County, The purpose of the public hearings is to receive public comment Florida; distributed in Collier and Lee counties of Florida; and objections on the Fiscal Year 2023 Proposed Final Budget, to consider the adoption of an assessment roll, to consider the that the attached copy of the advertising was published in imposition of special assessments to fund the proposed budget said newspaper on dates listed. Affiant further says that the upon the lands located within the District, and to provide for the levy, collection and enforcement of the non-ad valorem as- said Naples Daily News is a newspaper published at sessments. The public hearings are being conducted pursuant Naples, in said Collier County, Florida, and that the said to Chapters 190 and 197, Florida Statutes. The purpose of the regular meeting is to conduct any business which may properly newspaper has heretofore been continuously published in come before the Board. said The District may fund various facilities through the collection of Collier County, Florida; distributed in Collier and Lee certain rates, fees and charges, which are identified within the counties of Florida,each day and has been entered as budget(s). A copy of the Proposed Final Budget, preliminary as- sessment roll and/or the agenda for the meeting/hearings may second class mail matter at the post office in Naples, in be obtained by e-mail from the offices of the District Manager, said Collier County, Florida,for a period of one year next do Justin Faircloth, Inframark, justin.faircloth@inframark.com, or by calling (954) 603-0033, during normal business hours. In preceding the first publication of the attached copy of accordance with Section 189.016, Florida Statutes, the proposed advertisement; and affiant further says that he has neither budget will be posted on the District's website http://www.napl • esheritagecdd.com at least two days before the budget hearing paid nor promised any person, or corporation any discount, date. rebate,commission or refund for the purpose of securing The Board will also consider any other business which may prop- this advertisement for publication in said newspaper erly come before it. The meeting/hearing is open to the public issue(s) dated or by publication on the newspaper's and will be conducted in accordance with the provisions of Flor- ida law for community development districts. The website, if authorized, on meeting/hearing may be continued to a date,time, and place to be specified on the record at the meeting/hearing. There may be occasions when one or more Supervisors will par- Issue(s)dated:04/08/2022, 04/15/2022 ticipate by telephone. In accordance with the provisions of the Americans with Disabilities Act, any person requiring special ac commodations at this meeting/hearing because of a disability or physical impairment should contact the District Manager's Of- fice at least forty-eight (48)hours prior to the meeting/hearing. If you are hearing or speech impaired, please contact the Florida Subscribed and sworn to before on April 15, 2022: Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800- 955-8770 (Voice), for aid in contacting the District Manager's • Office. &IL All affected owners have right �t ` public hearings andproperty file written objections withintoappear twentyat these(20) 1 ( days of the date of this Notice at the office of the District Man- ager, 210 N.University Drive, Suite 702, Coral Springs, FL.33071, Notary, State of WI, ounty of Brown Attention:Justin Faircloth. Each person who decides to appeal any decision made by the / I��l Board with respect to any matter considered at the I. -- 1 J meeting/hearings is advised that person will need a record of the proceedings and that accordingly, the person may need to My commission expires ensure that a verbatim record of the proceedings is made, in- cluding the testimony and evidence upon which such appeal is to be based. Justin Faircloth Publication Cost: $1,022.00 District Manager Ad No: 0005179605 April 8, 15,2022 tt5179605 Customer No: 1306647 PO#: #of Affidavits) KATHLEEN ALLEN This is not an invoice Notary Public State of Wisconsin 1611A6 NAPLES HERITAGE Community Development District Annual Operating Budget Fiscal Year 2023 Version 3-Modified Tentative Budget (Printed on 04/21/22 10:00am) Prepared by 6INFRAMARK INERASTRUC'URE MANAGEMENT SERVICES 16 1 1A 6 NAPLES HERITAGE 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 Exhibit A-Allocation of Fund Balances 7 SUPPORTING BUDGET SCHEDULE 2022-2023 Comparison of Assessment Rates 8 16 1 1A 6 NAPLES HERITAGE Community Development District Operating Budget Fiscal Year 2023 16 1 1A 6 NAPLES HERITAGE Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2023 Modified Tentative Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2020 FY 2021 FY 2022 MAR-2022 SEPT-2022 FY 2022 FY 2023 REVENUES Interest-Investments $ 530 $ 215 $ 240 $ 135 $ 120 $ 255 $ 240 Interest-Tax Collector 63 13 - 7 - 7 - Special Assmnts-Tax Collector 119,850 119,850 119,851 115,413 4,437 119,850 119,850 Special Assmnts-Discounts (4,276) (4,352) (4,794) (4,419) (44) (4,463) (4,794) TOTAL REVENUES 116,167 115,726 115,297 111,136 4,513 115,649 115,296 EXPENDITURES Administrative P/R-Board of Supervisors 4,000 5,000 5,000 3,000 2,000 5,000 5,000 FICA Taxes 306 383 383 230 153 383 383 ProfServ-Engineering 331 - 2,000 3,486 300 3,786 2,000 ProfServ-Field Management 5,364 2,219 869 - 869 869 895 ProfServ-Legal Services 5,128 3,214 3,500 1,205 2,295 3,500 3,500 ProfServ-Mgmt Consulting Sery 22,605 23,283 23,981 11,991 11,990 23,981 24,708 ProfServ-Property Appraiser 1,498 1,798 1,798 2 1,796 1,798 1,798 ProfServ-Web Site Maintenance 654 674 694 347 347 694 715 Auditing Services 3,000 2,900 3,000 3,000 - 3,000 3,000 Postage and Freight 507 583 750 301 449 750 750 Insurance-General Liability 7,747 7,747 7,747 7,747 - 7,747 7,747 Printing and Binding 14 297 900 186 714 900 900 Legal Advertising 1,792 1,918 2,400 294 2,106 2,400 2,400 Misc-Bank Charges - - 546 - 546 546 546 Misc-Assessmnt Collection Cost 325 1,535 2,397 2,220 89 2,309 2,397 Misc-Contingency - - 376 - 376 376 376 Misc-Web Hosting 3,203 1,761 1,850 1,045 805 1,850 1,850 Office Expense 108 225 250 225 25 250 250 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 56,757 53,712 58,616 35,454 24,860 60,314 59,390 Annual Operating Budget 1 Fiscal Year 2023 16 1 1A 6 NAPLES HERITAGE Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2023 Modified Tentative Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2020 FY 2021 FY 2022 MAR-2022 SEPT-2022 FY 2022 FY 2023 Field Contract-Fountain 716 716 716 358 358 716 716 Contract-Aerator Maintenance 764 764 2,350 982 1,368 2,350 3,550 Electricity-Aerator 5,103 6,476 6,000 3,848 3,900 7,748 8,100 R&M-Fence - - 480 - 480 480 480 Misc-Contingency 300 8,343 19,595 19,595 - 19,595 15,520 Cap Outlay-Fence - 8,765 - - - - - Cap Outlay-Lake Aerators 22,119 - - - - - Total Field 29,002 25,064 29,141 24,783 6,106 30,889 28,366 Reserves Reserve-Fountains - - 200 - - - 200 Reserve-Roads and Lakes - 22,994 27,340 15,106 - 15,106 27,340 Total Reserves - 22,994 27,640 15,106 - 15,106 27,640 TOTAL EXPENDITURES&RESERVES 85,759 101,770 115,297 75,343 30,966 106,309 115,296 Excess(deficiency)of revenues Over(under)expenditures 30,408 13,956 - 35,793 (26,453) 9,340 - Net change in fund balance 30,408 13,956 - 35,793 (26,453) 9,340 - FUND BALANCE,BEGINNING 13,055 43,463 57,419 57,419 - 57,419 66,759 FUND BALANCE,ENDING $ 43,463 $ 57,419 $ 57,419 $ 93,212 $ (26,453) $ 66,759 $ 66,759 Annual Operating Budget 2 Fiscal Year 2023 16g1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 REVENUES Interest-Investments The District earns interest on the monthly average collected balance for their operating accounts. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162, Florida Statues,discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4%of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R-Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated$200 per meeting at which they are in attendance. The amount for the Fiscal Year is based 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 of invoices,and other specifically requested assignments. Professional Services-Field Management The District will have Inframark Infrastructure Management Services,Inc.perform an annual inspection of the CDD assets to insure they are being maintained to permit levels. Professional Services-Legal Services The District's Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions,and other research as directed or requested by the Board of Supervisors and the District Manager. Annual Operating Budget Fiscal Year 2023 3 16 1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Administrative(continued) Professional Services-Management Consulting Services The District receives Management,Accounting and Administrative services as part of a Management Agreement with Inframark Infrastructure Management 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 Inframark 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. Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries,and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel,forms, supplies, data processing, computer equipment, postage,and programming.The budgeted amount for property appraiser costs was based on a maximum of 1.5%of the anticipated assessment collections. Professional Services-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 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. Postage and Freight Actual postage and/or freight used for District mailings including agenda packages,vendor checks and other correspondence. Insurance-General Liability The District is obliged to carry General Liability&Public Officials Liability Insurance. Printing and Binding This is for copies used in the preparation of agenda packages,required mailings,and other special projects. Annual Operating Budget Fiscal Year 2023 4 16 1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Administrative(continued) Legal Advertising The District is required to advertise various notices for Board meetings and public hearings in a newspaper of general circulation. Miscellaneous-Bank Charges This is for bank charges incurred during the year. Miscellaneous-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 budgeted amount for collection costs was based on a maximum of 2%of the anticipated assessment collections. Miscellaneous-Contingency This is for unforeseen administrative expenses occurring throughout the year. Miscellaneous-Web Hosting This is for the cost of maintaining the District's website domain and email accounts. Office Expense This is for supplies used in the preparation and binding of agenda packages,required mailings,and other special projects. Annual District Filing Fee The District is required to pay an annual fee to the Department of Economic Opportunity Division of Community Development. Annual Operating Budget Fiscal Year 2023 5 16 1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Field Contract-Fountain This is for the quarterly contract for the fountain cleaning at Site#14. Contract-Aerator Maintenance This is for the semi-annual contracts for the maintenance of the aeration system Project 1($382 semi-annually),for the semi-annual contract for the maintenance of the aeration system Project 2($395 semi-annually)and for Sites#5 and#6 aeration systems($323 semi-annually). Electricity-Aerator This is for monthly electrical costs of the aeration system in the District. R&M-Fence This is for the repair and maintenance of the fence in the District. Miscellaneous—Contingency This is for unforeseen field operating expenses occurring throughout the year. Reserves Reserve-Fountain The District will set aside funds to pay for future improvements of the fountain. Reserve-Roads and Lakes The District will set aside funds to pay for future improvements of the roads and lakes. Annual Operating Budget Fiscal Year 2023 6 16i1A6 NAPLES HERITAGE Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2023 $ 66,759 Net Change in Fund Balance-Fiscal Year 2023 - Reserves-Fiscal Year 2023 Additions 27,540 Total Funds Available(Estimated)-913012023 94,299 ALLOCATION OF AVAILABLE FUNDS Nonspendable Fund Balance Deposits 560 Subtotal 560 Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 21,939 (1) Reserves-Fountain-Prior Years 800 Reserves-Fountain-Current Year-FY 2022 200 Reserves-Fountain-Budget Year-FY 2023 200 1,200 Reserves-Roads&Lakes-Pnor Years 10,920 (1) Reserves-Roads&Lakes-Budget Year-FY 2022 27,340 Reserves-Roads&Lakes-Budget Year-Actual Expensed (15,106) (3) Reserves-Roads&Lakes-Budget Year-FY 2023 27,340 65,600 Subtotal 88,739 Total Allocation of Available Funds 89,299 Total Unassigned(undesignated)Cash $ 6,000 Notes (1)Represents approximately 3 months of operating expenditures. (2)Pnor year reserves for roads and lakes have been reduced by$23,771 to keep total Unassigned (undesignated)Cash from being negative and provide an estimated ending balance of$5,000. (3)Represents actual expense in FY 2022. Annual Operating Budget 7 Fiscal Year 2023 16 1 1 A 6 NAPLES HERITAGE Community Development District Supporting Budget Schedule Fiscal Year 2023 16f 1A6 NAPLES HERITAGE Community Development District General Fund Comparison of Assessment Rates Fiscal Year 2022 vs Fiscal Year 2023 O&M Assessment Percent Product FY 2022 FY 2023 Change All 799 Units $ 150.00 $ 150.00 0.0% Annual Operating Budget 8 Fiscal Year 2023 16 1 A 6 RESOLUTION 2022-04 A RESOLUTION OF THE BOARD OF SUPERVISORS OF NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT RELATING TO THE ANNUAL APPROPRIATIONS OF THE DISTRICT AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023, AND REFERENCING THE MAINTENANCE AND BENEFIT SPECIAL ASSESSMENTS TO BE LEVIED BY THE DISTRICT FOR SAID FISCAL YEAR; PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the District Manager has, prior to June 15, 2022, submitted to the Board of Supervisors (the "Board") a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of Naples Heritage Community Development District (the "District"),pursuant to the provisions of Section 190.008(2)(a),Florida Statutes; and WHEREAS, at least sixty(60)days prior to the adoption of the proposed annual budget and any proposed long-term financial plan or program of the District for future operations(the"Proposed Budget") the District filed a copy of the Proposed Budget with the general purpose local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and WHEREAS, District further posted the Proposed Budget on its website as required pursuant to Section 189.016, Florida Statutes; and WHEREAS,on March 1,2022,the Board set May 3,2022,as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and WHEREAS,Section 190.008(2)(a),Florida Statutes requires that,prior to October 1 of each year, the Board by passage of the Annual Appropriation Resolution shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year;and WHEREAS,the District Manager has prepared a Proposed Budget on a Cash Flow Budget basis, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year; and WHEREAS,Section 190.021,Florida Statutes provides that the Annual Appropriation Resolution shall also fix the Maintenance Special Assessments and Benefit Special Assessments upon each piece of property within the boundaries of the District benefited, specifically and peculiarly, by the maintenance and/or capital improvement programs of the District, such levy representing the amount of District assessments necessary to provide for payment during the ensuing budget year of all properly authorized expenditures to be incurred by the District, including principal and interest of special revenue, capital improvement and/or benefit assessment bonds, in order for the District to exercise its various general and special powers to implement its single and specialized infrastructure provision purpose; and 16 1 1A 6 WHEREAS, the Board finds and determines that the non-ad valorem special assessments it imposes and levies by this Resolution for maintenance on the parcels of property involved will constitute a mechanism by which the property owners lawfully and validly will reimburse the District for those certain special and peculiar benefits the District has determined are received by,and flow to,the parcels of property from the systems, facilities and services being provided, and that the special and peculiar benefits are apportioned in a manner that is fair and reasonable in accordance with applicable assessment methodology and related case law; and WHEREAS,the Chair of the Board may designate the District Manager or other person to certify the non-ad valorem assessment roll to the Tax Collector in and for Collier County political subdivision on compatible electronic medium tied to the property identification number no later than September 15,2022 so that the Tax Collector may merge that roll with others into the collection roll from which the November tax notice is to be printed and mailed; and WHEREAS, the proceeds from the collections of these imposed and levied non-ad valorem assessments shall be paid to the District;and WHEREAS,the Tax Collector,under the direct supervision of the Florida Department of Revenue performs the state work in preparing,mailing out,collecting and enforcing against delinquency the non-ad valorem assessments of the District using the Uniform Collection Methodology for non-ad valorem assessments; and WHEREAS, if the Property Appraiser and the Tax Collector have adopted a different technological procedure for certifying and merging the rolls,then that procedure must be worked out and negotiated with Board approval through the auspices of the District Manager before there are any deviations from the provisions of Section 197.3632,Florida Statutes,and Rule 12D-18, Florida Administrative Code. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT; Section 1. Recitals. The foregoing recitals are true and correct and are incorporated herein by reference. Section 2. Budget. a. The Board has reviewed the District Manager's Proposed Budget, a copy of which is on file with the office of the District Treasurer and the office of the Recording Secretary,and is hereby attached to this Resolution,and hereby approves certain amendments thereto, as referenced herein. b. The District Manager's Proposed Budget, as amended by the Board, is adopted hereby in accordance with the provisions of Section 190.008(2)(a), Florida Statutes and incorporated herein by reference;provided,however,that the comparative figures contained in the adopted budget may be revised subsequently as deemed necessary by the District Manager to reflect actual revenues and expenditures for Fiscal Year 2021-22 and/or revised projections for Fiscal Year 2022-23. c. The adopted budget,as amended,shall be maintained in the office of the District Treasurer and the District Recording Secretary and identified as "The Budget for Naples Heritage Community Development District for the Fiscal Year Ending September 30, 2023, as adopted by the Board of Supervisors on May 3,2022. 1611A6 Section 3. Appropriations. There is hereby appropriated out of the revenues of the District, for the Fiscal Year beginning October 1,2022,and ending September 30,2023 the sum of One Hundred Fifteen Thousand Two Hundred Ninety-Six Dollars($115,296)to be raised by the applicable imposition and levy by the Board of applicable non-ad valorem special assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion: TOTAL GENERAL FUND $115,296 Total All Funds $115,296 Section 4. Supplemental Appropriations. The Board may authorize by resolution supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows: a. The Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item. b. The Board may authorize an appropriation from the unappropriated balance of any fund. c. The Board may increase any revenue or income budget account to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance. The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpended balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred previously approved transfers included. Such transfer shall not have the effect of causing a more than$10,000 or 10%increase,previously approved transfers included, to the original budget appropriation for the receiving program. Transfers within a program or project may be approved by the applicable department director and the District Manager or Treasurer. The District Manager or Treasurer must establish administrative procedures, which require information on the request forms proving that such transfer requests comply with this section. Section 5. Maintenance Special Assessment Levy: Fixed and Referenced and to be Levied by the Board. a. The Fiscal Year 2022-23 Maintenance Special Assessment Levy(the"Assessment Levy") for the assessment upon all the property within the boundaries of the District based upon the special and peculiar benefit received and further based upon reasonable and fair apportionment of the special benefit, shall be in accordance with the attached Exhibit "A", which levy represents the amount of District assessments necessary to provide for payment during the aforementioned budget year of all properly authorized expenditures to be incurred by the District, including principal and interest of special revenue, capital improvement and/or benefit assessment bonds. The Assessment Levy shall be distributed as follows: General Fund 0&M $[See Assessment Levy Resolution 2022- 5] id1 1A6 b. The designee of the Chair of the Board shall be the Manager or the Treasurer of the District designated to certify the non-ad valorem assessment roll to the Tax Collector in and for the Collier County political subdivision, in accordance with applicable provisions of State law (Chapters 170, 190 and 197, Florida Statutes)and applicable rules(Rule 12D-18,Florida Administrative Code)which shall include not only the maintenance special assessment levy but also the total for the debt service levy,as required by and pursuant to law. Section 6. Effective Date. This Resolution shall be effective immediately upon its adoption. PASSED AND ADOPTED at a meeting of the Board of Supervisors of Naples Heritage Community Development District this 3rd day of May,2022. Attest: NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT Justin Faircloth,Secretary Kenneth R. Gaynor,C .rman 16 1 1A 6 Exhibit"A" 1 6 I 1 A 6 NAPLES HERITAGE Community Development District Annual Operating Budget Fiscal Year 2023 Version 3-Final Budget (Adopted at the 05/03/22 Meeting) Prepared by 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES 16 1 1A 6 NAPLES HERITAGE 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 Exhibit A-Allocation of Fund Balances 7 SUPPORTING BUDGET SCHEDULE 2022-2023 Comparison of Assessment Rates 8 16 11A 6 NAPLES HERITAGE Community Development District Operating Budget Fiscal Year 2023 16 11A 6 NAPLES HERITAGE Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2023 Adopted Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2020 FY 2021 FY 2022 MAR-2022 SEPT-2022 FY 2022 FY 2023 REVENUES Interest-Investments $ 530 $ 215 $ 240 $ 135 $ 120 $ 255 $ 240 Interest-Tax Collector 63 13 - 7 - 7 - SpecialAssmnts-Tax Collector 119,850 119,850 119,851 115,413 4,437 119,850 119,850 Special Assmnts-Discounts (4,276) (4,352) (4,794) (4,419) (44) (4,463) (4,794) TOTAL REVENUES 116,167 115,726 115,297 111,136 4,513 115,649 115,296 EXPENDITURES Administrative P/R-Board of Supervisors 4,000 5,000 5,000 3,000 2,000 5,000 5,000 FICA Taxes 306 383 383 230 153 383 383 ProfServ-Engineering 331 - 2,000 3,486 300 3,786 2,000 ProfServ-Field Management 5,364 2,219 869 - 869 869 895 ProfServ-Legal Services 5,128 3,214 3,500 1,205 2,295 3,500 3,500 ProfServ-Mgmt Consulting Sery 22,605 23,283 23,981 11,991 11,990 23,981 24,708 ProfServ-Property Appraiser 1,498 1,798 1,798 2 1,796 1,798 1,798 ProfServ-Web Site Maintenance 654 674 694 347 347 694 715 Auditing Services 3,000 2,900 3,000 3,000 - 3,000 3,000 Postage and Freight 507 583 750 301 449 750 750 Insurance-General Liability 7,747 7,747 7,747 7,747 - 7,747 7,747 Printing and Binding 14 297 900 186 714 900 900 Legal Advertising 1,792 1,918 2,400 294 2,106 2,400 2,400 Misc-Bank Charges - - 546 - 546 546 546 Misc-Assessmnt Collection Cost 325 1,535 2,397 2,220 89 2,309 2,397 Misc-Contingency - - 376 - 376 376 376 Misc-Web Hosting 3,203 1,761 1,850 1,045 805 1,850 1,850 Office Expense 108 225 250 225 25 250 250 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 56,757 53,712 58,616 35,454 24,860 60,314 59,390 Annual Operating Budget 1 Fiscal Year 2023 16 1 1A 6 NAPLES HERITAGE Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2023 Adopted Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2020 FY 2021 FY 2022 MAR-2022 SEPT-2022 FY 2022 FY 2023 Field Contract-Fountain 716 716 716 358 358 716 716 Contract-Aerator Maintenance 764 764 2,350 982 1,368 2,350 3,550 Electricity-Aerator 5,103 6,476 6,000 3,848 3,900 7,748 8,100 R&M-Fence - - 480 - 480 480 480 Misc-Contingency 300 8,343 19,595 19,595 - 19,595 15,520 Cap Outlay-Fence - 8,765 - - - - - Cap Outlay-Lake Aerators 22,119 - - - - - - Total Field 29,002 25,064 29,141 24,783 6,106 30,889 28,366 Reserves Reserve-Fountains - - 200 - - - 200 Reserve-Roads and Lakes - 22,994 27,340 15,106 - 15,106 27,340 Total Reserves - 22,994 27,540 15,106 - 15,106 27,540 TOTAL EXPENDITURES 8 RESERVES 85,759 101,770 115,297 75,343 30,966 106,309 115,296 Excess(deficiency)of revenues Over(under)expenditures 30,408 13,956 - 35,793 (26,453) 9,340 - Net change in fund balance 30,408 13,956 - 35,793 (26,453) 9,340 - FUND BALANCE,BEGINNING 13,055 43,463 57,419 57,419 - 57,419 66,759 FUND BALANCE,ENDING $ 43,463 $ 57,419 $ 57,419 $ 93,212 $ (26,453) $ 66,759 $ 66,759 Annual Operating Budget 2 Fiscal Year 2023 161 1A 6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 REVENUES Interest-Investments The District earns interest on the monthly average collected balance for their operating accounts. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162, Florida Statues,discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4%of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R-Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated$200 per meeting at which they are in attendance. The amount for the Fiscal Year is based 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 of invoices,and other specifically requested assignments. Professional Services-Field Management The District will have Inframark Infrastructure Management Services,Inc.perform an annual inspection of the CDD assets to insure they are being maintained to permit levels. Professional Services-Legal Services The District's Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions,and other research as directed or requested by the Board of Supervisors and the District Manager. Annual Operating Budget Fiscal Year 2023 3 I6i1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Administrative(continued) Professional Services-Management Consulting Services The District receives Management,Accounting and Administrative services as part of a Management Agreement with Inframark Infrastructure Management 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 Inframark 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. Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries,and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage,and programming.The budgeted amount for property appraiser costs was based on a maximum of 1.5%of the anticipated assessment collections. Professional Services-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 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. Postage and Freight Actual postage and/or freight used for District mailings including agenda packages,vendor checks and other correspondence. Insurance-General Liability The District is obliged to carry General Liability&Public Officials Liability Insurance. Printing and Binding This is for copies used in the preparation of agenda packages,required mailings,and other special projects. Annual Operating Budget Fiscal Year 2023 4 1 6 i 1 A 6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Administrative(continued) Legal Advertising The District is required to advertise various notices for Board meetings and public hearings in a newspaper of general circulation. Miscellaneous-Bank Charges This is for bank charges incurred during the year. Miscellaneous-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 budgeted amount for collection costs was based on a maximum of 2%of the anticipated assessment collections. Miscellaneous-Contingency This is for unforeseen administrative expenses occurring throughout the year. Miscellaneous-Web Hosting This is for the cost of maintaining the District's website domain and email accounts. Office Expense This is for supplies used in the preparation and binding of agenda packages,required mailings,and other special projects. Annual District Filing Fee The District is required to pay an annual fee to the Department of Economic Opportunity Division of Community Development. Annual Operating Budget Fiscal Year 2023 5 16f1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Field Contract-Fountain This is for the quarterly contract for the fountain cleaning at Site#14. Contract-Aerator Maintenance This is for the semi-annual contracts for the maintenance of the aeration system Project 1($382 semi-annually),for the semi-annual contract for the maintenance of the aeration system Project 2($395 semi-annually)and for Sites#5 and#6 aeration systems($323 semi-annually). Electricity-Aerator This is for monthly electrical costs of the aeration system in the District. R&M-Fence This is for the repair and maintenance of the fence in the District. Miscellaneous—Contingency This is for unforeseen field operating expenses occurring throughout the year. Reserves Reserve-Fountain The District will set aside funds to pay for future improvements of the fountain. Reserve-Roads and Lakes The District will set aside funds to pay for future improvements of the roads and lakes. Annual Operating Budget Fiscal Year 2023 6 161 1A6 NAPLES HERITAGE Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2023 $ 66,759 Net Change in Fund Balance-Fiscal Year 2023 - Reserves-Fiscal Year 2023 Additions 27,540 Total Funds Available(Estimated)-9/30/2023 94,299 ALLOCATION OF AVAILABLE FUNDS Nonspendable Fund Balance Deposits 560 Subtotal 560 Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 21,939 (1) Reserves-Fountain-Prior Years 800 Reserves-Fountain-Current Year-FY 2022 200 Reserves-Fountain-Budget Year-FY 2023 200 1,200 Reserves-Roads&Lakes-Prior Years 10,920 (2) Reserves-Roads&Lakes-Budget Year-FY 2022 27,340 Reserves-Roads&Lakes-Budget Year-Actual Expensed (15,106) pl Reserves-Roads&Lakes-Budget Year-FY 2023 27,340 65,600 Subtotal 88,739 Total Allocation of Available Funds 89,299 Total Unassigned(undesignated)Cash $ 5,000 Notes (1)Represents approximately 3 months of operating expenditures. (2)Prior year reserves for roads and lakes have been reduced by$23,771 to keep total Unassigned (undesignated)Cash from being negative and provide an estimated ending balance of$5,000. (3)Represents actual expense in FY 2022. Annual Operating Budget 7 Fiscal Year 2023 16 1 1A 6 NAPLES HERITAGE Community Development District Supporting Budget Schedule Fiscal Year 2023 16 11A 6 NAPLES HERITAGE Community Development District General Fund Comparison of Assessment Rates Fiscal Year 2022 vs Fiscal Year 2023 O&M Assessment Percent Product FY 2022 FY 2023 Change All 799 Units $ 150.00 $ 150.00 0.0% Annual Operating Budget 8 Fiscal Year 2023 1 6 I 1 A 6 RESOLUTION 2022-05 A RESOLUTION OF THE BOARD OF SUPERVISORS OF NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT LEVYING AND IMPOSING NON-AD VALOREM MAINTENANCE SPECIAL ASSESSMENTS FOR NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT AND CERTIFYING AN ASSESSMENT ROLL FOR FISCAL YEAR 2022-23; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR CONFLICT AND PROVIDING AN EFFECTIVE DATE. WHEREAS,Naples Heritage Community Development District(the"District")is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes for the purpose of providing,operating and maintaining infrastructure improvements,facilities and services to the lands within the District; and WHEREAS,the District is located in Collier County,Florida(the"County"); and WHEREAS, the District has constructed or acquired certain public improvements within the District and provides certain services in accordance with Chapter 190,Florida Statutes; and WHEREAS, the Board of Supervisors of the District("Board") hereby determines to undertake various operations and maintenance activities described in the District's general fund budget for Fiscal Year 2022-23 attached hereto as Exhibit "A" and incorporated by reference herein ("Operations and Maintenance Budget"); and WHEREAS,the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Operations and Maintenance Budget for Fiscal Year 2022-23; and WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefited lands within the District; and WHEREAS,Chapter 197,Florida Statutes,provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector ("Uniform Method"); and WHEREAS,the District has previously evidenced its intention to utilize the Uniform Method;and WHEREAS, the District has approved an Agreement with the Property Appraiser and Tax Collector of the County to provide for the collection of the special assessments under the Uniform Method; and WHEREAS, the Board finds that the District's total Operations and Maintenance special assessments, taking into consideration other revenue sources during Fiscal Year 2022-23 (defined as October 1, 2022 through September 30,2023),will amount to$119,850; and 1 6 I 1A 6 WHEREAS,the Board finds that the non-ad valorem special assessments it levies and imposes by this resolution for operation and maintenance on the parcels of property involved will reimburse the District for certain special and peculiar benefits received by the property flowing from the maintenance of the improvements, facilities and services apportioned in a manner that is fair and reasonable, in accordance with the applicable assessment methodology as adopted by the District;and WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments; and WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the District (the "Assessment Roll") attached to this Resolution as Exhibit "B" and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County,for such time as authorized by Florida law. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT OF COLLIER COUNTY, FLORIDA; Section 1. Recitals. The foregoing recitals are true and correct and incorporated herein by reference. Section 2. Benefit. The provision of the services, facilities, and operations as described in Exhibit"A"confer a special and peculiar benefit to the lands within the District, which benefits exceed or equal the costs of the Assessments(as defined below).The allocation of the costs to the specially benefitted lands is shown in Exhibits"A"and"B". Section 3. Assessment Imposition. A special assessment for operations and maintenance as provided for in Chapter 190, Florida Statutes is hereby imposed and levied on the benefitted lands within the District in accordance with Exhibits "A" and "B" (the "Assessments"). The lien of the Assessments imposed and levied by this Resolution shall be effective upon passage of this Resolution. Section 4. Collection. The collection of the Assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method. Section 5. Assessment Roll. The District's Assessment Roll, attached to this Resolution as Exhibit "B" is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to Naples Heritage Community Development District. The Chair of the Board designates the District Manager to perform the certification duties. A copy of this Resolution be transmitted to the proper public officials so that its purpose and effect may be carried out in accordance with law. Section 6. Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property tax roll by the Property Appraiser after the date of this Resolution, and shall amend the District's Assessment Roll in accordance with any such updates, for such time as authorized by Florida law,to the County property tax roll. After any amendment of the Assessment Roll, the District Manager shall file the updates to the property tax roll in the District records. 1b11A6 Section 7. Conflict. All Resolutions. sections or parts of sections of any Resolutions or actions of the Board in conflict are hereby repealed to the extent of such conflict. Section 8. Severability. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof. Section 9. Effective Date. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board of the District. PASSED AND ADOPTED at a meeting of the Board of Supervisors of Naples Heritage Community Development District this 3`d day of May,2022. Attest: NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT Zi.. 5cz d' in Faircloth,Secretary Kenneth R. Gaynor, airman 16 1 1A 6 Exhibit"A" 16 1 1A6 NAPLES HERITAGE Community Development District Annual Operating Budget Fiscal Year 2023 Version 3-Final Budget (Adopted at the 05/03/22 Meeting) Prepared by 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES 16 1 1A 6 NAPLES HERITAGE 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 Exhibit A-Allocation of Fund Balances 7 SUPPORTING BUDGET SCHEDULE 2022-2023 Comparison of Assessment Rates 8 16 1 1A 6 NAPLES HERITAGE Community Development District Operating Budget Fiscal Year 2023 16 1 1A 6 NAPLES HERITAGE Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2023 Adopted Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2020 FY 2021 FY 2022 MAR-2022 SEPT-2022 FY 2022 FY 2023 REVENUES Interest-Investments $ 530 $ 215 $ 240 $ 135 $ 120 $ 255 $ 240 Interest-Tax Collector 63 13 - 7 - 7 - Special Assmnts-Tax Collector 119,850 119,850 119,851 115,413 4,437 119,850 119,850 Special Assmnts-Discounts (4,276) (4,352) (4,794) (4,419) (44) (4,463) (4,794) TOTAL REVENUES 116,167 115,726 115,297 111,136 4,513 115,649 115,296 EXPENDITURES Administrative P/R-Board of Supervisors 4,000 5,000 5,000 3,000 2,000 5,000 5,000 FICA Taxes 306 383 383 230 153 383 383 ProfServ-Engineering 331 - 2,000 3,486 300 3,786 2,000 ProfServ-Field Management 5,364 2,219 869 - 869 869 895 ProfServ-Legal Services 5,128 3,214 3,500 1,205 2,295 3,500 3,500 ProfServ-Mgmt Consulting Sery 22,605 23,283 23,981 11,991 11,990 23,981 24,708 ProfServ-Property Appraiser 1,498 1,798 1,798 2 1,796 1,798 1,798 ProfServ-Web Site Maintenance 654 674 694 347 347 694 715 Auditing Services 3,000 2,900 3,000 3,000 - 3,000 3,000 Postage and Freight 507 583 750 301 449 750 750 Insurance-General Liability 7,747 7,747 7,747 7,747 - 7,747 7,747 Printing and Binding 14 297 900 186 714 900 900 Legal Advertising 1,792 1,918 2,400 294 2,106 2,400 2,400 Misc-Bank Charges - - 546 - 546 546 546 Misc-Assessmnt Collection Cost 325 1,535 2,397 2,220 89 2,309 2,397 Misc-Contingency - - 376 - 376 376 376 Misc-Web Hosting 3,203 1,761 1,850 1,045 805 1,850 1,850 Office Expense 108 225 250 225 25 250 250 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 56,757 53,712 58,616 35,454 24,860 60,314 59,390 Annual Operating Budget t Fiscal Year 2023 16 1 1A 6 NAPLES HERITAGE Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2023 Adopted Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2020 FY 2021 FY 2022 MAR-2022 SEPT-2022 FY 2022 FY 2023 Field Contract-Fountain 716 716 716 358 358 716 716 Contract-Aerator Maintenance 764 764 2,350 982 1,368 2,350 3,550 Electricity-Aerator 5,103 6,476 6,000 3,848 3,900 7,748 8,100 R&M-Fence - - 480 - 480 480 480 Misc-Contingency 300 8,343 19,595 19,595 - 19,595 15,520 Cap Outlay-Fence - 8,765 - - - - - Cap Outlay-Lake Aerators 22,119 - - - - - - Total Field 29,002 25,064 29,141 24,783 6,106 30,889 28,366 Reserves Reserve-Fountains - - 200 - - - 200 Reserve-Roads and Lakes - 22,994 27,340 15,106 - 15,106 27,340 Total Reserves - 22,994 27,540 15,106 - 15,106 27,540 TOTAL EXPENDITURES&RESERVES 85,759 101,770 115,297 75,343 30,966 106,309 115,296 Excess(deficiency)of revenues Over(under)expenditures 30,408 13,956 - 35,793 (26,453) 9,340 - Net change in fund balance 30,408 13,956 - 35,793 (26,453) 9,340 - FUND BALANCE,BEGINNING 13,055 43,463 57,419 57,419 - 57,419 66,759 FUND BALANCE,ENDING $ 43,463 $ 57,419 $ 57,419 $ 93,212 $ (26,453) $ 66,759 $ 66,759 Annual Operating Budget 2 Fiscal Year 2023 16 1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 REVENUES Interest-Investments The District earns interest on the monthly average collected balance for their operating accounts. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162, Florida Statues,discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4%of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R-Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated$200 per meeting at which they are in attendance. The amount for the Fiscal Year is based 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 of invoices,and other specifically requested assignments. Professional Services-Field Management The District will have Inframark Infrastructure Management Services,Inc.perform an annual inspection of the CDD assets to insure they are being maintained to permit levels. Professional Services-Legal Services The District's Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions,and other research as directed or requested by the Board of Supervisors and the District Manager. Annual Operating Budget Fiscal Year 2023 3 1611A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Administrative(continued) Professional Services-Management Consulting Services The District receives Management,Accounting and Administrative services as part of a Management Agreement with Inframark Infrastructure Management 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 Inframark 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. Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries,and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage,and programming.The budgeted amount for property appraiser costs was based on a maximum of 1.5%of the anticipated assessment collections. Professional Services-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 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. Postage and Freight Actual postage and/or freight used for District mailings including agenda packages,vendor checks and other correspondence. Insurance-General Liability The District is obliged to carry General Liability&Public Officials Liability Insurance. Printing and Binding This is for copies used in the preparation of agenda packages,required mailings,and other special projects. Annual Operating Budget Fiscal Year 2023 4 16 1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Administrative(continued) Legal Advertising The District is required to advertise various notices for Board meetings and public hearings in a newspaper of general circulation. Miscellaneous-Bank Charges This is for bank charges incurred during the year. Miscellaneous-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 budgeted amount for collection costs was based on a maximum of 2%of the anticipated assessment collections. Miscellaneous-Contingency This is for unforeseen administrative expenses occurring throughout the year. Miscellaneous-Web Hosting This is for the cost of maintaining the District's website domain and email accounts. Office Expense This is for supplies used in the preparation and binding of agenda packages,required mailings,and other special projects. Annual District Filing Fee The District is required to pay an annual fee to the Department of Economic Opportunity Division of Community Development. Annual Operating Budget Fiscal Year 2023 5 16i1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Field Contract-Fountain This is for the quarterly contract for the fountain cleaning at Site#14. Contract-Aerator Maintenance This is for the semi-annual contracts for the maintenance of the aeration system Project 1($382 semi-annually),for the semi-annual contract for the maintenance of the aeration system Project 2($395 semi-annually)and for Sites#5 and#6 aeration systems($323 semi-annually). Electricity-Aerator This is for monthly electrical costs of the aeration system in the District. R&M-Fence This is for the repair and maintenance of the fence in the District. Miscellaneous—Contingency This is for unforeseen field operating expenses occurring throughout the year. Reserves Reserve-Fountain The District will set aside funds to pay for future improvements of the fountain. Reserve-Roads and Lakes The District will set aside funds to pay for future improvements of the roads and lakes. Annual Operating Budget Fiscal Year 2023 6 161 1A 6 NAPLES HERITAGE Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2023 $ 66,759 Net Change in Fund Balance-Fiscal Year 2023 - Reserves-Fiscal Year 2023 Additions 27,540 Total Funds Available(Estimated)-913012023 94,299 ALLOCATION OF AVAILABLE FUNDS Nonspendable Fund Balance Deposits 560 Subtotal 560 Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 21,939 (1) Reserves-Fountain-Prior Years 800 Reserves-Fountain-Current Year-FY 2022 200 Reserves-Fountain-Budget Year-FY 2023 200 1,200 Reserves-Roads&Lakes-Prior Years 10,920 121 Reserves-Roads&Lakes-Budget Year-FY 2022 27,340 Reserves-Roads&Lakes-Budget Year-Actual Expensed (15,106) 131 Reserves-Roads&Lakes-Budget Year-FY 2023 27,340 65,600 Subtotal 88,739 Total Allocation of Available Funds 89,299 Total Unassigned(undesignated)Cash $ 6,000 Notes (1)Represents approximately 3 months of operating expenditures. (2)Prior year reserves for roads and lakes have been reduced by$23,771 to keep total Unassigned (undesignated)Cash from being negative and provide an estimated ending balance of$5,000. (3)Represents actual expense in FY 2022. Annual Operating Budget Fiscal Year 2023 1 6 1 1 A 6 NAPLES HERITAGE Community Development District Supporting Budget Schedule Fiscal Year 2023 16 1 1A 6 NAPLES HERITAGE Community Development District General Fund Comparison of Assessment Rates Fiscal Year 2022 vs Fiscal Year 2023 O&M Assessment Percent Product FY 2022 FY 2023 Change All 799 Units $ 150.00 $ 150.00 0.0% Annual Operating Budget 8 Fiscal Year 2023 16 , 1Al6i NAPLES HERITAGE Community Development District Annual Operating Budget Fiscal Year 2023 Version 3-Final Budget (Adopted at the 05/03/22 Meeting) Prepared by 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES 16 1A 6 NAPLES HERITAGE 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 Exhibit A-Allocation of Fund Balances 7 SUPPORTING BUDGET SCHEDULE 2022-2023 Comparison of Assessment Rates 8 1 6 1 1 A 6 NAPLES HERITAGE Community Development District Operating Budget Fiscal Year 2023 1 $ 11A6 NAPLES HERITAGE Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2023 Adopted Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2020 FY 2021 FY 2022 MAR-2022 SEPT-2022 FY 2022 FY 2023 REVENUES Interest-Investments $ 530 $ 215 $ 240 $ 135 $ 120 $ 255 $ 240 Interest-Tax Collector 63 13 - 7 - 7 - Special Assmnts-Tax Collector 119,850 119,850 119,851 115,413 4,437 119,850 119,850 Special Assmnts-Discounts (4,276) (4,352) (4,794) (4,419) (44) (4,463) (4,794) TOTAL REVENUES 116,167 115,726 115,297 111,136 4,513 115,649 115,296 EXPENDITURES Administrative P/R-Board of Supervisors 4,000 5,000 5,000 3,000 2,000 5,000 5,000 FICA Taxes 306 383 383 230 153 383 383 ProfServ-Engineering 331 - 2,000 3,486 300 3,786 2,000 ProfServ-Field Management 5,364 2,219 869 - 869 869 895 ProfServ-Legal Services 5,128 3,214 3,500 1,205 2,295 3,500 3,500 ProfServ-Mgmt Consulting Sery 22,605 23,283 23,981 11,991 11,990 23,981 24,708 ProfServ-Property Appraiser 1,498 1,798 1,798 2 1,796 1,798 1,798 ProfServ-Web Site Maintenance 654 674 694 347 347 694 715 Auditing Services 3,000 2,900 3,000 3,000 - 3,000 3,000 Postage and Freight 507 583 750 301 449 750 750 Insurance-General Liability 7,747 7,747 7,747 7,747 - 7,747 7,747 Printing and Binding 14 297 900 186 714 900 900 Legal Advertising 1,792 1,918 2,400 294 2,106 2,400 2,400 Misc-Bank Charges - - 546 - 546 546 546 Misc-Assessmnt Collection Cost 325 1,535 2,397 2,220 89 2,309 2,397 Misc-Contingency - - 376 - 376 376 376 Misc-Web Hosting 3,203 1,761 1,850 1,045 805 1,850 1,850 Office Expense 108 225 250 225 25 250 250 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 56,757 53,712 58,616 35,454 24,860 60,314 59,390 Annual Operating Budget Fiscal Year 2023 16 1 1A 6 NAPLES HERITAGE Community Development District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2023 Adopted Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU APR- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2020 FY 2021 FY 2022 MAR-2022 SEPT-2022 FY 2022 FY 2023 Field Contract-Fountain 716 716 716 358 358 716 716 Contract-Aerator Maintenance 764 764 2,350 982 1,368 2,350 3,550 Electricity-Aerator 5,103 6,476 6,000 3,848 3,900 7,748 8,100 R&M-Fence - - 480 - 480 480 480 Misc-Contingency 300 8,343 19,595 19,595 - 19,595 15,520 Cap Outlay-Fence - 8,765 - - - - - Cap Outlay-Lake Aerators 22,119 - - - - - - Total Field 29,002 25,064 29,141 24,783 6,106 30,889 28,366 Reserves Reserve-Fountains - - 200 - - - 200 Reserve-Roads and Lakes - 22,994 27,340 15,106 - 15,106 27,340 Total Reserves - 22,994 27,540 15,106 - 15,106 27,540 TOTAL EXPENDITURES&RESERVES 85,759 101,770 115,297 75,343 30,966 106,309 115,296 Excess(deficiency)of revenues Over(under)expenditures 30,408 13,956 - 35,793 (26,453) 9,340 - Net change in fund balance 30,408 13,956 - 35,793 (26,453) 9,340 - FUND BALANCE,BEGINNING 13,055 43,463 57,419 57,419 - 57,419 66,759 FUND BALANCE,ENDING $ 43,463 $ 57,419 $ 57,419 $ 93,212 $ (26,453) $ 66,759 $ 66,759 Annual Operating Budget 2 Fiscal Year 2023 16 1A 6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 REVENUES Interest-Investments The District earns interest on the monthly average collected balance for their operating accounts. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162, Florida Statues,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 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 of invoices,and other specifically requested assignments. Professional Services-Field Management The District will have Inframark Infrastructure Management Services,Inc.perform an annual inspection of the CDD assets to insure they are being maintained to permit levels. Professional Services-Legal Services The District's Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions,and other research as directed or requested by the Board of Supervisors and the District Manager. Annual Operating Budget Fiscal Year 2023 3 16 1 1A 6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Administrative(continued) Professional Services-Management Consulting Services The District receives Management,Accounting and Administrative services as part of a Management Agreement with Inframark Infrastructure Management 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 Inframark 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. Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries,and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage,and programming.The budgeted amount for property appraiser costs was based on a maximum of 1.5%of the anticipated assessment collections. Professional Services-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 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. Postage and Freight Actual postage and/or freight used for District mailings including agenda packages,vendor checks and other correspondence. Insurance-General Liability The District is obliged to carry General Liability&Public Officials Liability Insurance. Printing and Binding This is for copies used in the preparation of agenda packages,required mailings,and other special projects. Annual Operating Budget Fiscal Year 2023 4 1 6 I 1A 6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Administrative(continued) Legal Advertising The District is required to advertise various notices for Board meetings and public hearings in a newspaper of general circulation. Miscellaneous-Bank Charges This is for bank charges incurred during the year. Miscellaneous-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 budgeted amount for collection costs was based on a maximum of 2%of the anticipated assessment collections. Miscellaneous-Contingency This is for unforeseen administrative expenses occurring throughout the year. Miscellaneous-Web Hosting This is for the cost of maintaining the District's website domain and email accounts. Office Expense This is for supplies used in the preparation and binding of agenda packages,required mailings,and other special projects. Annual District Filing Fee The District is required to pay an annual fee to the Department of Economic Opportunity Division of Community Development. Annual Operating Budget Fiscal Year 2023 5 1 ' I1A6 NAPLES HERITAGE Community Development District General Fund Budget Narrative Fiscal Year 2023 EXPENDITURES Field Contract-Fountain This is for the quarterly contract for the fountain cleaning at Site#14. Contract-Aerator Maintenance This is for the semi-annual contracts for the maintenance of the aeration system Project 1($382 semi-annually),for the semi-annual contract for the maintenance of the aeration system Project 2($395 semi-annually)and for Sites#5 and#6 aeration systems($323 semi-annually). Electricity-Aerator This is for monthly electrical costs of the aeration system in the District. R&M-Fence This is for the repair and maintenance of the fence in the District. Miscellaneous—Contingency This is for unforeseen field operating expenses occurring throughout the year. Reserves Reserve-Fountain The District will set aside funds to pay for future improvements of the fountain. Reserve-Roads and Lakes The District will set aside funds to pay for future improvements of the roads and lakes. Annual Operating Budget Fiscal Year 2023 6 1 6 I 1 A NAPLES HERITAGE Community Development District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2023 $ 66,759 Net Change in Fund Balance-Fiscal Year 2023 - Reserves-Fiscal Year 2023 Additions 27,540 Total Funds Available(Estimated)-9/30/2023 94,299 ALLOCATION OF AVAILABLE FUNDS Nonspendable Fund Balance Deposits 560 Subtotal 560 Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 21,939 nl Reserves-Fountain-Prior Years 800 Reserves-Fountain-Current Year-FY 2022 200 Reserves-Fountain-Budget Year-FY 2023 200 1,200 Reserves-Roads&Lakes-Prior Years 10,920 Rl Reserves-Roads&Lakes-Budget Year-FY 2022 27,340 Reserves-Roads&Lakes-Budget Year-Actual Expensed (15,106) (3) Reserves-Roads&Lakes-Budget Year-FY 2023 27,340 65,600 Subtotal 88,739 Total Allocation of Available Funds 89,299 Total Unassigned(undesignated)Cash $ 5,000 Notes (1)Represents approximately 3 months of operating expenditures. (2)Prior year reserves for roads and lakes have been reduced by$23,771 to keep total Unassigned (undesignated)Cash from being negative and provide an estimated ending balance of$5,000. (3)Represents actual expense in FY 2022. Annual Operating Budget Fiscal Year 2023 16 1 1A 6 NAPLES HERITAGE Community Development District Supporting Budget Schedule Fiscal Year 2023 16I 1A 6 NAPLES HERITAGE Community Development District General Fund Comparison of Assessment Rates Fiscal Year 2022 vs Fiscal Year 2023 O&M Assessment Percent Product FY 2022 FY 2023 Change All 799 Units $ 150.00 $ 150.00 0.0% Annual Operating Budget 8 Fiscal Year 2023 1611Ab NAPLES HERITAGE Community Development District Financial Report March 31, 2022 Prepared by 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES NAPLES HERITAGE ' Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet Page 1 Statement of Revenues, Expenditures and Changes in Fund Balances General Fund Page 2-3 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments Page 4 Cash and Investment Balances Page 5 Check Register Page 6 1 6 1 1 A 6 NAPLES HERITAGE Community Development District Financial Statements (Unaudited) March 31, 2022 1t, i 1N6 NAPLES HERITAGE Community Development District General Fund Balance Sheet March 31, 2022 ACCOUNT DESCRIPTION TOTAL ASSETS Cash-Checking Account $ 87,382 Due From Other Gov't!Units 61 Investments: Money Market Account 7,274 Deposits 560 TOTAL ASSETS $ 95,277 LIABILITIES Accounts Payable $ 2,065 TOTAL LIABILITIES 2,065 FUND BALANCES Nonspendable: Deposits 560 Assigned to: Operating Reserves 9,208 Reserves-Fountains 800 Reserves-Road and Lakes 34,691 Unassigned: 47,953 TOTAL FUND BALANCES $ 93,212 TOTAL LIABILITIES&FUND BALANCES $ 95,277 Page 1 1 6 i 1 A 4 NAPLES HERITAGE Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31, 2022 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE(5) AS A%OF MAR-22 MAR-22 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL REVENUES Interest-Investments $ 240 $ 120 $ 135 $ 15 56.25% $ 20 $ 28 Interest-Tax Collector - - 7 7 0.00% - - Special Assmnts-Tax Collector 119,851 115,918 115,413 (505) 96.30% 1,785 1,050 Special Assmnts-Discounts (4,794) (4,535) (4,419) 116 92.18% (36) (11) TOTAL REVENUES 115,297 111,503 111,136 (367) 96.39% 1,769 1,067 EXPENDITURES Administration P/R-Board of Supervisors 5,000 3,000 3,000 - 60.00% 1,000 1,000 FICA Taxes 383 230 230 - 60.05% 77 77 ProfServ-Engineering 2,000 2,000 3,486 (1,486) 174.30% - 983 ProfServ-Field Management 869 - - - 0.00% - - ProfServ-Legal Services 3,500 1,205 1,205 - 34.43% 507 507 ProfServ-Mgmt Consulting 23,981 11,991 11,991 - 50.00% 1,998 1,998 ProfServ-Property Appraiser 1,798 1,798 2 1,796 0.11% - - ProfServ-Web Site Maintenance 694 347 347 - 50.00% 58 58 Auditing Services 3,000 3,000 3,000 - 100.00% 1,500 1,500 Postage and Freight 750 375 301 74 40.13% 63 4 Insurance-General Liability 7,747 7,747 7,747 - 100.00% - - Printing and Binding 900 450 186 264 20.67% 75 43 Legal Advertising 2,400 267 294 (27) 12.25% - - Misc-Bank Charges 546 - - - 0.00% - - Misc-Assessment Collection Cost 2,397 2,238 2,220 18 92.62% 36 21 Misc-Contingency 376 - - - 0.00% - - Misc-Web Hosting 1,850 800 1,045 (245) 56.49% - - Office Expense 250 125 225 (100) 90.00% 21 75 Annual District Filing Fee 175 175 175 - 100.00% - - Total Administration 58,616 35,748 35,454 294 60.49% 5,335 6,266 Field Contracts-Fountain 716 358 358 - 50.00% - - Contracts-Aerator Maintenance 2,350 982 982 - 41.79% - - Electricity-Aerator 6,000 3,000 3,848 (848) 64.13% 500 575 R&M-Fence 480 - - - 0.00% - - Misc-Contingency 19,595 19,595 19,595 - 100.00% 16,244 16,244 Total Field 29,141 23,935 24,783 (848) 85.05% 16,744 16,819 Reserves Reserve-Fountain 200 - - - 0.00% - - Reserve-Roads and Lakes 27,340 15,106 15,106 - 55.25% 15,106 15,106 Total Reserves 27,540 15,106 15,106 - 54.85% 15,106 15,106 TOTAL EXPENDITURES&RESERVES 115,297 74,789 75,343 (554) 65.35% 37,185 38,191 Page 2 161 1A 6 NAPLES HERITAGE Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31, 2022 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF MAR-22 MAR-22 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL Excess(deficiency)of revenues Over(under)expenditures - 36,714 35,793 (921) 0.00% (35,416) (37,124) Net change in fund balance $ - $ 36,714 $ 35,793 $ (921) 0.00% $ (35,416) $ (37,124) FUND BALANCE,BEGINNING(OCT 1,2021) 57,419 57,419 57,419 FUND BALANCE,ENDING $ 57,419 $ 94,133 $ 93,212 Page 3 1641A6 NAPLES HERITAGE Community Development District Supporting Schedules March 31, 2022 16 1 1A 6 NAPLES HERITAGE Community Development District Non-Ad Valorem Special Assessments -Collier County Tax Collector Monthly Collection Distributions For the Fiscal Year Ending September 30, 2022 Discount/ Gross Date Net Amount (Penalties) Collection Amount Received Received Amount Costs Received Assessments Levied $ 119,850 Allocation % 100% 10/28/21 $ 606 $ 34 $ 12 $ 653 11/04/21 2,681 114 55 2,850 11/12/21 15,100 642 308 16,050 11/18/21 21,874 930 446 23,250 12/03/21 43,606 1,854 890 46,350 12/23/21 15,138 609 309 16,056 01/21/22 5,581 159 114 5,854 02/22/22 3,169 66 65 3,300 03/14/22 1,019 11 21 1,050 TOTAL $ 108,774 $ 4,419 $ 2,220 $ 115,413 % COLLECTED 96.3% TOTAL OUTSTANDING $ 4,437 Page 4 16 1A 6 NAPLES HERITAGE Community Development District Cash and Investment Balances March 31, 2022 ACCOUNT NAME BANK NAME YIELD MATURITY BALANCE GENERAL FUND Checking Account-Operating Valley National 0.25% N/A 87,382 Money Market Account BankUnited 0.15% N/A 7,274 Total $ 94,656 Page 5 1 6 f 1 A 6 NAPLES HERITAGE Community Development District Payment Register by Fund For the Period from 03/01/22 to 03/31/22 (Sorted by Check/ACH No.) Fund Check/ Date Payee Invoice No. Payment Description Invoice/GL Description GIL Account Amount No. ACH No. Paid GENERAL FUND-001 001 5214 03/1022 FEDEX 7-668-70635 SERVICE FOR 02/1422 Postage and Freight 541006-51301 $19.43 001 5215 03/1522 FEDEX 7-676-49874 SERVICE FOR 02/22/22 Postage and Freight 541006-51301 $87.35 001 5216 03/1522 GRAU&ASSOCIATES 22124 AUDIT FYE 09/30/22 Auditing Services 532002-51301 $1,500.00 001 5217 03/1522 HOLE MONTES 87646 PREPARE STORMWATER DRAINAGE MAP ProfServ-Engineering 531013-51501 $1,140.07 001 5218 032322 FPL-ACH 02282022-29437 CHK 53546-29437012822-022822 Electricity-Aerator 543051-53901 $36.32 001 5218 032322 FPL-ACH 02282022-56059 CHK 87443-56059012822-022822 Electricity-Aerator 543051-53901 $48.60 001 5218 032322 FPL-ACH 02282022-19435 CHK 26719-19435 012822-022822 Electricity-Aerator 543051-53901 $53.47 001 5219 032322 INFRAMARK,LLC 73872 0222 MANAGEMENT SERVICES ProfServ-Mgmt Consulting Sery 531027-51201 $1,998.42 001 5219 032322 INFRAMARK,LLC 73872 02/22 MANAGEMENT SERVICES Postage and Freight 541006-51301 $6.36 001 5219 032322 INFRAMARK,LLC 73872 02/22 MANAGEMENT SERVICES Printing and Binding 547001-51301 $4.20 001 5219 032322 INFRAMARK,LLC 73872 0222 MANAGEMENT SERVICES ProfSetv-Web Site Maintenance 531094-51301 $57.83 001 5219 03/23/22 INFRAMARK,LLC 75035 03/22 MANAGEMENT SERVICES ProfServ-Mgmt Consulting Sery 531027-51201 $1,998.42 001 5219 032322 INFRAMARK,LLC 75035 03/22 MANAGEMENT SERVICES Postage and Freight 541006-51301 $3.71 001 5219 032322 INFRAMARK,LLC 75035 0322 MANAGEMENT SERVICES Printing and Binding 547001-51301 $43.05 001 5219 03/23/22 INFRAMARK,LLC 75035 03/22 MANAGEMENT SERVICES Office Expense 551001-51301 $75.00 001 5219 03/23/22 INFRAMARK,LLC 75035 03/22 MANAGEMENT SERVICES ProfSetv-Web Site Maintenance 531094-51301 $57.83 001 5220 03/3022 COPELAND SOUTHERN ENTERPRISES 346 RPR ERODED SLOPES AROUND LAKES 8,9$11,RMV DMG TREES Misc-Contingency 549900-53901 $16,244.00 001 5220 03/30/22 COPELAND SOUTHERN ENTERPRISES 346 RPR ERODED SLOPES AROUND LAKES 8,9 8,11 Reserve-Roads and Lakes 568135-58100 $15,106.00 001 00241 03/11/22 FPL-ACH 02282022-08368 ACH 62115-08368012822-022822 Electricity-Aerator 543051-53901 $66.46 001 00242 03/11/22 FPL-ACH 02282022-45567ACH 00255-45567012822-022822 Electricity-Aerator 543051-53901 $86.72 001 D0243 03/1122 FPL-ACH 02282022-62125 ACH 57930-62125 012822-022822 Electricity-Aerator 543051-53901 $94.26 001 DD244 03/11/22 FPL-ACH 02282022-75177 ACH 67151-75177 012822-022822 Electricity-Aerator 54305153901 $188.10 001 D0245 03/11/22 FPL-ACH 02282022-96465 ACH 96307-96465 012822-022822 Electricity-Aerator 543051-53901 $51.73 001 D0246 03/11/22 FPL-ACH 02282022-99566 ACH 46592-99566 012822-022822 Electricity-Aerator 543051-53901 $98.89 001 5211 03/04/22 GERALD G.JAMES PAYROLL March 04,2022 Payroll Posting $184.70 001 5212 03/0422 RICHARD J.LEONHARD PAYROLL March 04,2022 Payroll Posting $184.70 001 5213 03/04/22 THOMAS RUTKOWSKI PAYROLL March 04,2022 Payroll Posting $184.70 001 DD239 03/04/22 KENNETH R.GAYNOR PAYROLL March 04,2022 Payroll Posting $184.70 001 00240 03/04/22 PETER V.RAMUNDO PAYROLL March 04,2022 Payroll Posting $184.70 Fund Total $39,989.72 [Total Checks Paid $39,989.72 Page 6 JcnnfrJ. Edwards I6I1A6 .�c 4' --- rill Supervisor ofElections April 15, 2022 Ms Sandra Demarco Naples Heritage CDD 210 N. Univeristy Drive Suite 702 Coral Springs, FL 33071 Dear Ms Demarco, In compliance with 190.06 of the Florida Statutes, this letter is to inform you that the official records of the Collier County Supervisor of Election indicate 578 active registered voters residing in the Naples Heritage CDD as of April 15, 2022. Should you have any question regarding election services for this district please feel free to contract our office. Sincerely, 0.-M David B Carpenter Qualifying Officer Collier County Supervisor of Elections (239)252-8501 Dave.Carpenter@colliervotes.gov F�\y�lQ't.oF a.rcw�su 9�7 Rev Dr Martin Luther King Jr Building•3750 Enterprise Avenue•Naples FL 34104 • Phone:239-252-VOTE•Fax:239-774-9468•www.ColherVotes.gov corm N V� G1`OF CON'