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Backup Documents 06/13/2023 Item #16I 1 6 I BOARD OF COUNTY COMMISSIONERS MISCELLANEOUS CORRESPONDENCE JUNE 13, 2023 1. MISCELLANEOUS ITEMS TO FILE FOR RECORD WITH ACTION AS DIRECTED: A. DISTRICTS: 1) Naples Heritage Community Development District: 01/03/2023 Agency Memo; Signed Meeting Minutes & Agency Mailing; 03/07/2023 Agency Memo; Signed Meeting Minutes & Agency Mailing B. OTHER: 1) Immokalee Water & Sewer District Basic Financial Statements & Supplementary Information together w/additional Reports for Years Ended September 30, 2022, and 2021 1611 Al 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: May 31, 2023 TO: Marty Rustin Collier Clerk's Office minutesandrecords@collierclerk.com FROM: Janice Swade District Recording Secretary RE: Updated Minutes of the January 3, 2023 Meeting as Approved at the March 7, 2023 Meeting Enclosed for your records is a copy of the minutes and updated 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@inframark.com Gm(a),nhgcc.com 1611 Al 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 Tuesday, January 3, 2023 at 9:00 a.m. at Naples Heritage Golf& Country Club Clubhouse, located at 8150 Heritage Club Way,Naples, Florida 34112. Present and constituting a quorum were: Kenneth Gaynor Chairman Gerald James Vice Chairman Gordon Mettam Assistant Secretary Richard Leonhard Assistant Secretary Thomas Rutkowski Assistant Secretary Also present were: Justin Faircloth District Manager Jacob Whitlock Assistant District Manager, Inframark Gregory Urbancic District Counsel Chad Montgomery Field Manager Steve Gaully Naples Heritage Golf& Country Club Chris Gant Naples Heritage Golf& Country Club Tim Richards Naples Heritage Golf& Country Club Members of the Public Following is a summary of the discussions and actions taken. FIRST ORDER OF BUSINESS Roll Call Mr. Gaynor called the meeting to order, and Mr. Faircloth called the roll. A quorum was established. • Mr. Gaynor acknowledged Mr. Ramundo's passing and his extensive service to the CDD and community. 1611 Al January 3, 2023 Meeting Naples Heritage CDD SECOND ORDER OF BUSINESS Organizational Matters Mr. Gaynor MOVED to nominate Mr. Gordon Mettam to serve as a Supervisor in Vacant Seat 3, and Mr. Rutkowski seconded the motion. • Mr. Gaynor noted, Mr. Mettam has been an active community member since becoming a resident, and he proceeded to discuss Mr. Mettam's background. • The motion should include the fact that the Seat is currently vacant. There being no further nominations, On VOICE vote, with all in favor, the prior motion was approved, with Seat 3 being declared vacant, and Mr. Gordon Mettam being elected to serve in Seat 3. A. Oath of Office for Newly Elected Supervisors Via General Election (Seats 3 — Gordon Mettam, 4—Gerald James & 5—Kenneth Gaynor Mr. Faircloth, a certified Notary of the State of Florida, administered the Oath of Office to Mr. Mettam in Seat 3, Mr. James in Seat 4 and Mr. Gaynor in Seat 5. B. Election of Officers (Resolution 2023-02) • Nominations were taken for the appointment of a Chairman. Mr. James NOMINATED Mr. Gaynor to serve as Chairman. There being no further nominations with all in favor, Mr. Gaynor was appointed to serve as Chairman. • Nominations were taken for the appointment of a Vice Chairman. Mr. Gaynor NOMINATED Mr. James to serve as Vice Chairman. There being no further nominations with all in favor,Mr.James was appointed to serve as Vice Chairman. 2 1611 Al January 3, 2023 Meeting Naples Heritage CDD On MOTION by Mr. Leonhard, seconded by Mr. James, with all in favor, Resolution 2023-02, Electing Officers of the Board of Supervisors, with Mr. Gaynor serving as Chairman, Mr. James serving as Vice Chairman, Mr. Faircloth to continue serving as Secretary and Assistant Treasurer, Mr. Bloom to continue serving as Treasurer, Mr. Rutkowski and Mr. Leonhard to continue serving as Assistant Secretaries, and Mr. Mettam serving as Assistant Secretary, was adopted. • Mr. Faircloth reminded Mr.Mettam he will have to vote on every motion presented. The only reason not to vote would be due to a conflict of interest. SEVENTH ORDER OF BUSINESS Attorney's Report A. Lake Bank Erosion Restoration Project Discussion • The Board requested a determination whether the CDD pays for the work. Mr. Urbancic indicated his staff is in the process of doing a Title Search to verify this. Naples Heritage was platted differently. There is a large area of land with designed easements. • There were a series of assignments and easements in the late 1990s which were distributed by the original land developer, Clyde Quimby. The Title Search results will determine whether Mr. Quimby owned it at the time, with subsequent conveyances. • Mr. Urbancic believes the CDD has drainage easement rights over the various lakes. • The Title Search will likely not be complete until the end of January. • One option would be to prepare a Quit Claim conveying the club to the CDD of its easement rights, even if it is non-exclusive. The CDD would be required to have clear property rights to pursue this further. Mr. Gaynor suggested waiting until the Title Search is complete before pursuing any further. The record shall reflect Mr. Urbancic exited the meeting. THIRD ORDER OF BUSINESS Public Comment on Agenda Items Hearing no comments from the public, the next order of business followed. 3 161 1 Al January 3, 2023 Meeting Naples Heritage CDD FOURTH ORDER OF BUSINESS Approval of the Minutes of the November 1,2022 Meeting Mr. Gaynor requested any additions, corrections or deletions to the Minutes of the November 1, 2022 Meeting. There being none, On MOTION by Mr. Leonhard, seconded by Mr. James, with all in favor, the Minutes of the November 1, 2022 Meeting were approved. FIFTH ORDER OF BUSINESS Old Business A. Nature Trail Update • A new SFWMD representative is due to inspect the on January 19, 2023. • Mr. Gaynor and/or Mr. Richards will be talking to SFWMD representatives next week to determine whether they want the CDD involved in the walk-through. • Jolene, the other person from SFWMD involved with this project, indicated they will try to perform the DEP and SFWMD inspections at the same time. • There is no timeframe for approval at this time. B. Field Management Report Update—Tim Richards/Chad Montgomery • The exotics in the Preserve have been taken care of, with particular attention paid to the nature preserve. C. Discussion of Gatehouse Repairs • There is a quote for gray tile, as the wood was ruined by water intrusion. • The quote includes removal of the toilet, and installation of tile throughout the gatehouse in the amount of$4,993. Mr. Gant is awaiting a quote for paint. A small repair needs to be made to the ceiling, and may cost approximately $1,500. The total is approximately $7,000. • There was difficulty opening the sliding doors. • Mr. Faircloth discussed the District's budget for this project. • Mr. Faircloth and Mr. Gaynor have contemplated completing half of this project this year, and the other half next year. • Mr. Faircloth discussed the possibility of an assessment increase, due to the lake bank restoration project. Mr. Faircloth and Mr. Gaynor will prepare a letter which 4 1 6 1 1 A January 3, 2023 Meeting Naples Heritage CDD will be sent to all residents regarding this increase, and a draft will be included in the March agenda package. • Mr. Gaynor suggested tabling certain discussions to the end of this meeting to determine whether funds are available for the different projects. • The floor at the gatehouse costs approximately $5,000. This is not a good time of the year to resurface the floor, as the gatehouse is extremely busy. • The club may have insurance to cover the floor. However, the deductible is $10,000. • FEMA was discussed. The club is a vendor of the CDD. Therefore, the CDD is financially responsible for it. An invoice is needed for the fence survey costs from the club. SIXTH ORDER OF BUSINESS New Business A. Proposal for M.R.I. Inspection LLC for Concrete Repair B. Consideration of Professional Services Agreement with Copeland Southern Enterprises, Inc. • The bid from M.R.I. is $2,500, and the bid from Copeland is $5,775. • Copeland has done good quality work for the District, but this repair was overpriced. • M.R.I.'s work does not include riprap. • Mr. Faircloth commented he has not worked with M.R.I. in the past on these types of projects. However, they have performed well on other projects, which Mr. Faircloth discussed. • A Board member requested that M.R.I. provide pricing for riprap. Mr. Faircloth noted there can be water intrusion underneath the riprap, which would cause the same problem. On MOTION by Mr. James, seconded by Mr. Leonhard,with all in favor, the proposal from M.R.I. Inspection LLC in the amount of $2,500 to repair the concrete at Control Structure F-87, was approved. 5 1 6 I 1 Al January 3, 2023 Meeting Naples Heritage CDD EIGHTH ORDER OF BUSINESS Manager's Report A. Acceptance of Financial Report as of November 2022 • Staff is waiting for assessments to be paid. • The fund balance started on October 1,2022 at$67,000,and the District is currently at$86,000. • The District's finances are with a Qualified Public Depository, as required by law. Rates from other banks are checked on a quarterly basis. On MOTION by Mr. Rutkowski, seconded by Mr. Leonhard, with all in favor, the Financial Report as of November 2022 was accepted. B. FY 2024 Draft Budget Discussion • Contract-Aerator Maintenance was discussed. SOLitude requested a contract increase last year, which the Board approved. They tried to request an additional increase,which the Board did not approve. The current amount on the budget needs to be increased to$3,550. Mr. Faircloth proposes to move the additional funds from Miscellaneous Contingency. R&M-Lake will not be affected, as this is the item which covers lake bank restoration. • Inframark requested a 3% increase in fees. • Any changes will be reflected at the March meeting. • If there is an assessment increase, a letter of notification would have to be sent to all residents. • The Board will approve the budget at the March meeting. C. Follow-up Items i. MRI Stormwater System Inspection Report • Mr. Gaynor noted 10 structures could not be found. Mr. Faircloth indicated the area may need to be excavated. There has never been this type of inspection in the District. • Mr. Faircloth discussed similar work in another District. • If the contractor finds issues during the inspection, they will present separate proposals for the work. • Discussion ensued regarding the work for the CDD versus the HOA. 6 1611 Al January 3,2023 Meeting Naples Heritage CDD • Mr. Faircloth indicated stormwater systems are the largest expense in Florida. • Mr. Gaynor suggested talking to MRI to have 50% of the work done this year, and the balance next year for discussion at the March meeting. • Mr. Faircloth estimated there to be approximately $600 per structure for cleanout. • Mr. Gaynor would like the unfound structures to be included for next year. • Mr. Faircloth discussed a structure which requires a major cleanout • Mr.Faircloth suggested a not to exceed amount for presentation at the next meeting. On MOTION by Mr. Gaynor, seconded by Mr. Mettam, with all in favor,the District Manager was authorized to obtain a proposal from M.RI. to clean out the structures which have been identified as 50% or more clogged in an amount not to exceed$25,000. NINTH ORDER OF BUSINESS Engineer's Report A. Lake Erosion Using Riprap • Mr. Gaynor read a statement from the engineer into the record. • A Letter of Modification would be necessary. • The Engineer will have to handle this item through the County and/or SFWMD. • The club holds the surface permit as opposed to the CDD. • Littoral plantings may have to be done. • Riprap can still be eroded underneath if not installed correctly. TENTH ORDER OF BUSINESS Audience Comments • Discussion ensued regarding the Banyan Trees which were chopped. ELEVENTH ORDER OF BUSINESS Adjournment There being no further business, the meeting was adjourned at 10:18 a.m. Xonele) Kenneth Gaynor Chairman 7 1611 Al Naples Heritage Community Development District Board of Supervisors District Staff Kenneth Gaynor, Chairman Justin Faircloth, District Manager Gerald James, Vice Chairman Gregory Urbancic, District Counsel Gordon Mettam, Assistant Secretary Terry Cole, District Engineer Gerald James, Assistant Secretary Kenneth Gaynor, Assistant Secretary Revised Meeting Agenda Tuesday, January 3, 2023—9:00 a.m. 1. Roll Call 2. Organizational Matters A. Oath of Office for Newly Elected Supervisors Via General Election (Seats 3 —Gordon Mettam,4—Gerald James& 5—Kenneth Gaynor) B. Election of Officers(Resolution 2023-02) 3. Public Comment on Agenda Items 4. Approval of the Minutes of the November 1,2022 Meeting 5. Old Business A. Nature Trail Update B. Field Management Report Update—Tim Richards/Chad Montgomery C. Discussion of Gatehouse Repairs 6. New Business A. Proposal from M.R.I. Inspection LLC for Concrete Repair B. Consideration of Professional Services Agreement with Copeland Southern Enterprises, Inc. 7. Attorney's Report A. Lake Bank Erosion Restoration Project Discussion 8. Manager's Report A. Acceptance of Financial Report as of November 2022 B. FY 2024 Draft Budget Discussion C. Follow-up Items i. MRI Stormwater System Inspection Report 9. Engineer's Report A. Lake Erosion Repairs Using Riprap 10. Audience Comments 11. Adjournment The next meeting is scheduled for Tuesday, March 7, 2023 at 9:00 a.m. District Office: Meeting Location: Inframark,Community Management Services Naples Heritage Golf&Country Club Clubhouse 210 North University Drive,Suite 702 8150 Heritage Club Way Coral Springs,Florida 33071 Naples,Florida 34112 954-603-0033 239-417-2555 www.naplesheritagecdd.com 1 61 1 Al 1,7111111; 7:11.th; PART or THE USA TODAY NETWORK Published Daily Naples, FL 34110 VASARI COMMUNITY DEV ELOPMENT 210 N UNIVERSITY DR 702 CORAL SPRINGS, FL 33071 Notice of Regular Meeting Schedule Naples Heritage Community Development District The Board of Supervisors of the Naples Heritage Community De- Affidavit of Publication velopment District will hold their meetings for Fiscal Year STATE OF WISCONSIN 2022/2023 at the Naples Heritage Golf and Country Club club fiouse, 8150 Heritage Club Way, Naples. Florida at 9:00 a.m. as COUNTY OF BROWN follows: November 1,2022 January 3,2023 Before the undersigned they serve as the authority, March 7,2023 personally appeared said legal clerk who on oath says that Mayrl10,2023 he/she serves as Legal Clerk of the Naples Daily News, a The meetings are open to the g p public and will be conducted in daily newspaper published at Naples, in Collier County, accordance with the provision of Florida Law for Community Florida; distributed in Collier and Lee counties of Florida; Development Districts. There may be occasions when one or more Supervisors will participate by telephone. These meetings that the attached copy of the advertising was published in may be continued to a date, time, and location to be specified said newspaper on dates listed. Affiant further says that the on the record at the meeting. Future meetings will be separate- ly published at least seven days prior with the date, time and lo• said Naples Daily News is a newspaper published at cation. Naples, in said Collier County, Florida, and that the said A copy of the agenda for these meetings may be obtained from newspaper has heretofore been continuously published in the District Manager's Office, 210 North University Drive, Suite said 702, Coral Springs, Florida 33071, (954) 603-0033, or by visiting the District's website at www.naplesheritagecdd.com Addition- Collier County, Florida;distributed in Collier and Lee ally, interested parties may refer to the District's website for the counties of Florida,each day and has been entered as latest District information. second class mail matter at the post office in Naples, in Pursuant to the provisions of the Americans with Disabilities said Collier County, Florida,for a period of one year next Act, any person requiring special accommodations at these meetings because of a disability or physical impairment should preceding the first publication of the attached copy of contact the District Manager's Office at least forty-eight (48) advertisement;and affiant further says that he has neither hours prior to the meeting. If you are hearing or speech im- paired, please contact the Florida Relay Service by dialing 7-1-1, paid nor promised any person, or corporation any discount, or 1.800-955.8771 (TTY)/1-800 955.8770 (Voice), for aid in con- rebate,commission or refund for the purpose of securing tatting the District Manager's Office. this advertisement for publication in said newspaper Each person who decides to appeal any action taken at these issue(s)dated or by publication on the newspaper's meetings is advised that person will need a record of the pro- ceedings and that accordingly, the person may need to ensure website,if authorized,on that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. Issue(s)dated:10/03/2022 Justin Faircloth District Manager Oct 3,2022 #5429471 Subscribed and sworn to before on October 3,2022: trootary, ate of ounty own 5•/5a5 My commission expires Publication Cost:$350.00 Ad No: 0005429471 Customer No: 1308363 N A N C Y H E Y R M A N PO#: HERITAGE CDD Notary Public #ofAffidavitsl State of Wisconsin This is not an invoice 1611 Al OATH OF OFFICE (Art.IL §5(b),Fla.Const.) STATE OF FLORIDA County of Collier I do solemnly swear (or affirm) that I will support, protect, and defend the Constitution and Government of the United States and of the State of Florida; that I am duly qualified to hold office under the Constitution of the State,and that I will well and faithfully perform the duties of Naples Heritage CDD Supervisor Seat ' (Title of Office) J on which I am now about to enter, so help me God [NOTE: If you affirm,you may omit the words"so help me God." See§92.52,Fla. Stat.] Signature Sworn to and subscn befor me by means of c_.4hysical presence or onli notari ion, this day of Justin F�, tin 1 /► SSI1. Si re of Officer Administering Oath or of Notary Public �►# y WIRES:Jar ✓`✓9L��_ f�i�l i�t�`C 1 "� bled btu na`` Print,Type,or Stamp Commissioned Name of Notary Public Personally Known QV-OR Produced Identification ❑ Type of Identification Produced ACCEPTANCE I accept the office listed in the above Oath of Office. Mailing Address: © Home ❑Office 7 A AD L.&I G ; rJ 1`�? �►, Street or Post Office Box Print Name ' ltiri_Et J- 34-1//r',1 el%%i City,State,Zip Code Signature DS-DE 56(Rev.02/20) 1611 Al OATH OF OFFICE (Art.H. § 5(b),Fla.Const.) STATE OF FLORIDA County of Collier I do solemnly swear (or affirm) that I will support, protect, and defend the Constitution and Government of the United States and of the State of Florida; that I am duly qualified to hold office under the Constitution of the State,and that I will well and faithfully perform the duties of Naples Heritage CDD Supervisor Seat -IL 24-- (Title of Office) on which I am now about to enter, so help me God. [NOTE: If you affirm,you may omit the words"so help me God." See§ 92.52,Fla. Stat.] ignature Sworn to and subscribed befor'm Jolla means o/ physical presence or onli a notarization,this C•r' ,`,4, _ Si tpre of Officer Administering Oath or of Notaty Public Print,IA7 Type,�Stamp Commissioned Name of Notary Public Personally Known LJ-' OR Produced Identification ❑ Type of Identification Produced ACCEPTANCE I accept the office listed in the above Oath of Office. Mailing Address: ,N Home 0 Office /4--- IL/44--PL•673 !-/t72 lT.ri(y k bo(L- % ��72.: L ya t�. j/t.,:7'7`�t Street or Post Office Box / Print Name • A.1 LE: 5 L '; 4— /1 Z- �. ,_ City,State,Zip Code Signature DS-DE 56(Rev.02/20) 1 6 1 I .A l OATH OF OFFICE (Art.II. §5(b),Fla.Const.) STATE OF FLORIDA County of Collier I do solemnly swear (or affirm) that I will support, protect, and defend the Constitution and Government of the United States and of the State of Florida; that I am duly qualified to hold office under the Constitution of the State,and that I will well and faithfully perform the duties of Naples Heritage CDD Supervisor Seat (Title of Office) on which I am now about to enter, so help me God. [NOTE: If you affirm,you may omit the words"so help me God." See§92.52,Fla. Stat.] ceW-74.„. Signature ottyJustin i Fito' Sworn to and subscribed before me by means of physical presence or ' ' COABrtIBSION t rG2eos onl' a notarization,this day of "kw, ,1,,,,�„�7 it, - EXPIRES:Jan.15.2b: BOnldlhu Aeon Notary I /tozoeAdministeringerOath oro Notary Public f ry Print, Type,or Stamp Commissioned Name of Notary Public Personally Known OR Produced Identification ❑ Type of Identification Produced ACCEPTANCE I accept the office listed in the above Oath of Office. Mailing Address: ®Home ❑Office Pi« g EJ fAt,t ��, N,po f�( 7 G°7rf.t Street or Post Office Box Print Name City,State,Zip Code Signature DS-DE 56(Rev.02/20) 161 1 Al RESOLUTION 2023-02 A RESOLUTION OF THE NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT ELECTING OFFICERS OF'I'HE BOARD OF SUPERVISORS WHEREAS, the Board of Supervisors of the Naples Heritage Community Development District at a regular business meeting, held on January 3, 2023, following the General Election, desires to elect the below recited persons to the offices specified. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT: The following persons were elected to the offices shown,to wit: 1 1 r°g4./`ti- Chairman Vice Chairman Justin Faircloth Secretary Stephen Bloom Treasurer Justin Faircloth Assistant Treasurer 4- A—r4f<<,aoefrk,_ Assistant Secretary 1k� -+�� .,'. � .:�. Assistant Secretary '�i °' Assistant Secretary PASSED AND ADOPTED THIS, 3"DAY OF JANUARY,2023. Chairman tin Faircloth ecretary 161 1 Al M.R.I. Inspection LLC 5570 Zip Dr. • - • • �� ' Fort Myers Fl. 33905 �" • . r ` 239-984-5241 Office 239-236-1234 Fax • CGC 1507963 Name Date Estimate# Proposal Naples Heritage CDD 11/11/2022 3748 8150 Heritage Club Way Naples Fl. 34112 Project Repiar Mitered End Description Total Total labor and material to repair concrete at control structure F-87. We will also fill in the sod around the areas eroded 2,500.00 around the structure. This cost includes all labor and material to complete this job. Please know that we cannot hold pricing according to our formal terms, as our vendors are not holding pricing to las All quotes wiU need to he reviewed at the time o'contract. Total $22500.00 M.R.I.Underwater Specialist utilizes the federal E-Verify program in contracts with public employers All material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard practices. Additional charges may occur if any changes are made during scope of work and will become an extra charge over and above the estimate. All agreements contingent upon strikes,accidents or delays beyond our control. Owner to carry fire,tornado and other necessary insurance. All contractors are fully covered under general liability insurance.We will not be responsible for any unforseen incidents,when we dewater any wet well system.Due to sink holes crevases or breeches etc.in and around wet well.This proposal does not include replacing any landscaping(Grass,trees,shrubs.etc.)all Jobsites will be left clean, Authorized Signature Michael Radford'President Arreptaurr of Proposal The Above price,specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified.Payments will be made within 30 days after invoiced. If not we will agree to pay a 10%late fee. This proposal may be withdrawn if not accepted within thirty(30)days. Signature Date of acceptance 1 6 I 1 Al DATE: 11/12/2622 Copeland Southern Enterprises,Inc. 1668 Many Road North Fort Myers,Fl, 33903 OWNER INFORMATION: PROFESSIONAL SERVICES AGREEMENT BETWEEN TELEPHONE NO.: (239)245 7118 ext.306 COPELAND SOUTHERN ENTERPRISES,INC.AND Fax No: (239)245 7120 Naples Herita2e CDD E-MAIL:Jacob.Whitlocka,inframark.com OWNER INFORMATION: PROJECT MANAGER:Scott Copeland copelandsei@aol.com OWNER'S ADDRESS: 5911 Country Lakes Drive,Fort Myers,FL 33905 FEE AND TYPE: BILL TO THE ATTENTION OF:Jacob Whitlock Assistant District Manager Time&Materials based upon the Rate Schedule in PROJECT NAME:F 87 MES Erosion Repair and Rip Rap Installation. effect at the time service is rendered. Estimated Fees: WORK DESCRIPTION: Repair Eroded Mitered End Sections, Pour Concrete under $ M.E.S. to restore integrity of culvert with MES, Repair slope around structure with the Not-To-Exceed Fixed Fee based upon the Rate installation of Coconut Erosion Blanket & High Flow Fabric with 3 to 6" Rip Rap to Schedule in effect at the time service is rendered: match existing slopes. $ REMARKS: 1)CSEI will call in a dig ticket 3 days before work can commence to allow the utility company's time to mark the underground utilities within the work areas. 2) Lump Sum Fixed Fee: $ 5,775.00 Residents will need to be notified by the board prior to the work commencing to stay clear of the work areas for the safety of all.3)Work is estimated to take up to 2 days to Total Fees: $ 5,775.00 complete. 4) Work on structures should be done during the dry season starting next month. Dear Jacob, Pursuant to your request, Copeland Southern Enterprises, Inc. is pleased to submit the following proposal for the repairs for the 2022 drainage Maintenance for the above-referenced project: SCOPE OF SERVICES(Limited to the following): 1. Crew will repair eroded Mitered End Section F 87 on the east side of Lake#1 by Pouring Concrete with Coconut erosion Blanket under MES eroded areas to re-enforce eroded and Cracked MES. 2. Crews will Repair Eroded Slope with material recovered from Lake Bottom to rebuild slope to match the surrounding lake bank. 3. Crews will install High Flow Fabric with 6 inch staples and 3 to 6"Rip Rap 3 foot width,running out from the structures edge, encompassing the entire structure of MES F-87 with Rip Rap to be installed at less 1 foot deep. 4. Work is estimated to take 2 days to complete. Note:Any additional work and services requested,and is not found in this Proposal can be done,but will require additional cost to be paid in full with proposal fee upon the completion of the work. We at Copeland Southern Enterprises hope this meets your approval and satisfies your requirements.If so please sign the contract agreement below and return a copy to our office by Fax or Email.Should you have any questions or need any additional information,Please do not hesitate to call Scott Copeland at 239-995-3684 or Mobile#239-707-6806.Fax 239-995-0058 OWNER AUTHORIZATION: I warrant and represent that I am authorized to enter into this contract for professional services and I hereby authorize the performance of the above services and agree to pay the charges upon the completion of the Job resulting there from as identified in the"FEE TYPE"section above. I have read,understand and agree to these Standard Business Terms. Authorized Signature: Date: Typed Name&Title: Page I 1 16r1 Al Exhibit: Site Location& Work Area , it - • f' {. 40 1 1 110 F. ' • titpi- J � 0.„, r c...„. . , . .... • A� _ 4 ,iii: ...-/...4(41k. 'cal )11:1d: -t 1pit f /. .","...::. vi ..26 ._ -„,-, : TI .N.‘il 4-'1;v..''',1r-t'. ti....! llitu . ,k. ••---...":-.:i 4 ••'' + - ,,' Page 12 16 ! 1 A 1 NAPLES HERITAGE Community Development District Financial Report November 30,2022 Prepared by 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES 1 6 1 A. 1 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 . 1Y 14 A NAPLES HERITAGE Community Development District Financial Statements (Unaudited) November 30, 2022 1611 Al NAPLES HERITAGE Community Development District General Fund Balance Sheet November 30, 2022 ACCOUNT DESCRIPTION TOTAL ASSETS Cash-Checking Account $ 85,021 Due From Other Gov't!Units 35 Investments: Money Market Account 7,322 Deposits 560 TOTAL ASSETS $ 92,938 LIABILITIES Accounts Payable $ 5,899 Accrued Expenses 643 TOTAL LIABILITIES 6,542 FUND BALANCES Nonspendable: Deposits 560 Assigned to: Operating Reserves 11,533 Reserves-Fountains 1,000 Reserves-Road and Lakes 44,125 Unassigned: 29,178 TOTAL FUND BALANCES $ 86,396 TOTAL LIABILITIES&FUND BALANCES $ 92,938 Page 1 1611 Al NAPLES HERITAGE Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending November 30, 2022 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF NOV-22 NOV-22 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL REVENUES Interest-Investments $ 240 $ 40 $ 324 $ 284 135.00% $ 20 $ 167 Special Assmnts-Tax Collector 119,850 55,406 36,728 (18,678) 30.64% 55,406 36,003 Special Assmnts-Discounts (4,794) (1,886) (1,478) 408 30.83% (1,886) (1,440) TOTAL REVENUES 115,296 53,560 35,574 (17,986) 30.85% 53,540 34,730 EXPENDITURES Administration P/R-Board of Supervisors 5,000 1,000 1,000 - 20.00% 1,000 1,000 FICA Taxes 383 77 77 - 20.10% 77 77 ProfServ-Engineering 2,000 - - - 0.00% - - ProfServ-Field Management 895 - - - 0.00% - - ProfServ-Legal Services 3,500 543 543 - 15.51% 543 543 ProfServ-Mgmt Consulting 24,708 4,118 4,118 - 16.67% 2,059 2,059 ProfServ-Property Appraiser 1,798 1,798 258 1,540 14.35% - - ProfServ-Web Site Maintenance 715 119 119 - 16.64% 60 60 Auditing Services 3,000 - - - 0.00% - - Postage and Freight 750 125 96 29 12.80% 63 2 Insurance-General Liability 7,747 7,747 7,747 - 100.00% - - Printing and Binding 900 150 82 68 9.11% 75 82 Legal Advertising 2,400 - - - 0.00% - - Misc-Bank Charges 546 - - - 0.00% - - Misc-Assessment Collection Cost 2,397 1,108 705 403 29.41% 1,108 691 Misc-Contingency 376 - - - 0.00% - - Misc-Web Hosting 1,850 400 541 (141) 29.24% 400 411 Office Expense 250 42 - 42 0.00% - - Annual District Filing Fee 175 175 175 - 100.00% - - Total Administration 59,390 17,402 15,461 1,941 26.03% 5,385 4,925 Field Contracts-Fountain 716 184 184 - 25.70% - - Contracts-Aerator Maintenance 3,550 888 197 691 5.55% - - Electricity-Aerator 8,100 1,350 1,260 90 15.56% 675 643 R&M-Fence 480 - - - 0.00% - - Misc-Contingency 15,520 - - - 0.00% - - Total Field 28,366 2,422 1,641 781 5.79% 675 643 Reserves Reserve-Fountain 200 - - - 0.00% - - Reserve-Roads and Lakes 27,340 - - - 0.00% - - Total Reserves 27,540 - - - 0.00% - - TOTAL EXPENDITURES&RESERVES 115,296 19,824 17,102 2,722 14.83% 6,060 5,568 Page 2 1611 Al NAPLES HERITAGE Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending November 30, 2022 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF NOV-22 NOV-22 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL Excess(deficiency)of revenues Over(under)expenditures - 33,736 18,472 (15,264) 0.00% 47,480 29,162 Net change in fund balance $ - $ 33,736 $ 18,472 $ (15,264) 0.00% $ 47,480 $ 29,162 FUND BALANCE,BEGINNING(OCT 1,2022) 67,924 67,924 67,924 FUND BALANCE,ENDING $ 67,924 $ 101,660 $ 86,396 Page 3 1 6 I 1 A NAPLES HERITAGE Community Development District Supporting Schedules November 30, 2022 1611 Al NAPLES HERITAGE Community Development District Non-Ad Valorem Special Assessments -Collier County Tax Collector Monthly Collection Distributions For the Fiscal Year Ending September 30, 2023 Discount/ Gross Date Net Amount (Penalties) Collection Amount Received Received Amount Costs Received Assessments Levied $ 119,850 Allocation % 100% 10/27/22 $ 673 $ 38 $ 14 $ 725 11/09/22 1,273 54 26 1,353 11/14/22 8,326 354 170 8,850 11/21/22 24,273 1,032 495 25,800 TOTAL $ 34,545 $ 1,478 $ 705 $ 36,728 % COLLECTED 30.6% TOTAL OUTSTANDING $ 83,122 Page 4 1611 Al NAPLES HERITAGE Community Development District Cash and Investment Balances November 30, 2022 ACCOUNT NAME BANK NAME YIELD MATURITY BALANCE GENERAL FUND Checking Account-Operating Valley National 2.00% N/A 85,021 Money Market Account BankUnited 2.10% N/A 7,322 Total $ 92,343 Page 5 1 6 I 1 Al O.-N M N M O N M O M tt h CO OD0 0 0 0 0 CO., O N�co 7 000 N-,-M N M(OOO N- 1- N- n N. 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N M ^n �-1 -n r•i W M rya ,+ .ti e-i .11 C N. cc no G C C ¢ In .0 2 O F- LL al G1 tel a1 ✓ - N o 0 0 in - M M M - _ _ CO y O O ap CO ^_ CM 70 C 'CrO. - f11 1-1r•1 'V N r --. ...IN N E. 0 0 0 :n a, Y 7 J Y cu .n WW Al Gi - 47 in W I— rp 7 Y L 7 Y o _leU cc J U U :_ J U J U M ..J �0 G J M C M I 4.1 7Da' f0 N Z N 1611 Al M.R.I. Inspection LLC . , , , . 5570 Zip Dr. F • Fort Myers Fl.33905 r----- .'.' f 239-984-5241 Office -� �— 239-236-1234 Fax �s CGC 1507963 Name Date I Estimate# I Naples Heritage CDD Proposal 1/26/2023 3875 C/O Inframark 210 N. University Dr. Suite 702 Project Coral Springs, FL 33071 2023 Cleaning 60% and up @ Naples Heritage Description Total This proposal is to utilize the divers to clean and remove sand and debris from structures that have 60%and more of sand 25,000.00 and debris.As per our 2022 inspection report. This price includes all labor and equipment and dive services needed to complete this job. Any work completed outside the scope of this proposal may result in additional charges. Please know that we cannot hold pricing according to our normal terms, as our vendors are not holding pricing to us. All Quotes will need to be -evtewed at the time of contract Total $25000.00 M.R.I.Underwater Specialist utilizes the federal E-Verify program in contracts with public employers All material is guaranteed to be as specified. All work to be completed in a workmanlike manner according to standard practices. Additional charges may occur if any changes are made during scope of work and will become an extra charge over and above the estimate. All agreements contingent upon strikes,accidents or delays beyond our control. Owner to carry fire,tornado and other necessary insurance. All contractors are fully covered under general liability insurance.We will not be responsible for any unforseen incidents,when we dewater any wet well system.Due to sink holes crevases or breeches etc.in and around wet well.This proposal does not include replacing any landscaping(Grass,trees,shrubs.etc.)all Jobsites will be left clean, Authorized Signature Michael Radfardl'resident Arreptaurr of Proposal The Above price,specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified. Payments will be made within 30 days after invoiced.If not we will agree to pay a 10%late fee. This proposal iiimay be withdrawn if not accepted within thirty(30)days. Signature !i{ u'� Date of adeep�tance 3/1/23 As approved by the Board at their 1/3/23 meeting and after discussion with the Chairman. An addendum is required for this contract. qsi 1 Al From:Terry Cole<TerryCole@hmeng.com> Sent:Tuesday, December 20, 2022 6:13 PM To: Faircloth,Justin<iustin.faircloth@inframark.com> Cc:Whitlock,Jacob<Jacob.Whitlock@inframark.com>; Kevin Dowty<KevinDowty@hmeng.com>;Cole Pruim <ColePruim@hmeng.com> Subject: RE: NHCDD- Rip Rap Question Justin, I researched the riprap question. Please see the attached email string that I had with Collier County regarding the use of riprap. To summarize, If we are changing the existing conditions from what was previously approved,then an insubstantial change would be required to the plan of record.The Code of Ordinances Section 22-112(2)d.states that no more than 40%of the shoreline length can be bulkhead. If we consider rip rap bulkhead,then 40%is the maximum. SFWMD also has a 40% maximum for bulkheads in Applicants Handbook,Vol II, 5.4.2.(f). I anticipate that a letter modification would be required for this. thank you, Nmig U 2 N HOLEMONTES ENGINEERS I LANDSCAPE ARCHITECTS I PLANNERS I SURVEYORS W.Terry Cole,P.E. Senior Vice President/Principal Hole Montes,Inc. 950 Encore Way,Suite 200 Naples,FL 34109 Main Line: (239)254-2000 Direct Line:(239)254-2024 Mobile No.: (239)572-3316 Facsimile: (239)254-2099 Email:terrycoleAhmeng.com 1611 Al From: Faircloth,Justin <justin.faircloth@inframark.com> Sent: Monday, December 19, 2022 5:13 PM To:Terry Cole<TerryCole@hmeng.com> Cc:Whitlock,Jacob<Jacob.Whitlock@inframark.com> Subject: NHCDD- Rip Rap Question Terry, I believe the CDD holds the Surface water management permit at Naples Heritage. Do you happen to have a copy of the latest permit? Do you know if there are any limitations to what repair methods the District can utilize? They are looking to begin a lake bank restoration plan in FY2024 and want to know if rip rap is allowed to be used. Please let me know your thoughts. The Board meets again on 1/3/23 and this will be a topic of conversation. Sincerely, Justin Justin Faircloth I CAM, CDM I District Manager 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES 239.785.0675 I www.inframarkims.com SUPERVISORS,PLEASE DO NOT REPLY TO ALL AS THIS COULD BE A VIOLATION OF THE FLORIDA SUNSHINE PROVISIONS. CONFIDENTIALITY NOTICE:The information in this email is intended for the sole use of the recipient(s)and may be confidential and subject to protection under the law.If you are not the intended recipient,you are hereby notified that any distribution or copying of this email is strictly prohibited.If you have received this message in error,please contact the sender immediately and delete your copy from your computer. I a if .V -A l From: Rgsenbb:mfre5 To: Term Colt;MCKennalark Subject: RE:Lake Erosion repair-limitations using Riprap Date: Tuesday,December 20,2022 5:20:51 PM Attachments: ID1ve006 ow Imace007.ono If you are changing existing conditions from what was previously approved,then I think you would need to submit an insubstantial change to the plan of record. Respectfully, Brett Rosenblum,PE Principal Project Manager 3 inch Collier County Logo 1200 dpi Development Review Division Exceeding Expectations,Every Day! NOTE:Email Address Has Changed 2800 North Horseshoe Drive,Naples Florida 34104 Phone:239.252.2905 Fax:239.252.3933 How are we doing? Please rl ICK HFDF to fill out a Customer Survey. We appreciate your Feedback! From:Terry Cole<TerryCole@hmeng.com> Sent:Tuesday,December 20,2022 5:16 PM To:RosenblumBrett<Brett.Rosenblum@colliercountyfl.gov>;McKennaJack<Jack.McKenna@colliercountyfl.gov> Subject:RE:Lake Erosion repair-limitations using Riprap EXTERNAL EMAIL:This email is from an external source.Confirm this is a trusted sender and use extreme caution when opening attachments or clicking links. Thanks Brett. If repairs were done using that method,and it was less than 40%of the shoreline,would Collier County require any review? W.Terry Cole,P.E. Senior Vice President/Principal Hole Monies,Inc. 950 Encore Way,Suite 200 Naples,FL 34109 Main Line: (239)254-2000 Direct Line:(239)254-2024 Mobile No.:(239)572-3316 Facsimile:(239)254-2099 Email:terwrnlvi hmeng corn From:RosenblumBrett<Brett.Rosenblum/colliercountvfl.eov> Sent:Tuesday,December 20,2022 5:07 PM To:Terry Cole<TerrvCole anhmrng.com>;McKennaJack<lark Mr.Kenna(erolliercountvflgoy> Subject:RE:Lake Erosion repair-limitations using Riprap The section you referenced is the RLSA section. I don't know your location so can't say whether that applies. Code of Ordinances Section 22-112(2)d.states that no more than 40%of the shoreline length can be bulkhead. If we consider rip rap bulkhead then 40%is your max. SFWMD also has a 40%maximum for bulkheads in AH Vol II,5.4.2.(f). 1 5 I I Al Respectfully, Brett Rosenblum,PE Principal Project Manager 3 inch Collier County Logo 1200 dpi Development Review Division Exceeding Expectations.Every Dayi NOTE:Email Address Has Changed 2800 North Horseshoe Drive,Naples Florida 34104 Phone:239.252.2905 Fax:239.252.3933 How are we doing? Please CI IC,K HFRF to fill out a Customer Survey. We appreciate your Feedback! From:Terry Cole<TerrvCOlefalhmene.COm> Sent:Tuesday,December 20,2022 4:55 PM To:McKennaJack<lark MrKennoiaarollierrountvfl gov>;RosenblumBrett<jirptt Rncenhhimiarollierrountvfl goy> Subject:Lake Erosion repair-limitations using Riprap EXTERNAL EMAIL.This email is from an external source.Confirm this is a trusted sender and use extreme caution when opening attachments or clicking links. Jack and Brett, I am trying to find what limitations there may be for lake erosion repair using riprap. I searched the County codes a little, and here is what I found: 4.08.05.K.3 Stormwater management ponds shall be designed to mimic the functions of natural systems:by establishing shorelines that are sinuous in configuration in order to provide increased length and diversity of the littoral zone.A Littoral shelf shall be established to provide a feeding area for water dependent avian species.The combined length of vertical and rip-rapped walls shall be limited to 25%of the shoreline.Credits to the site preservation area requirements,on an acre-to-acre basis,shall be given for littoral shelves that exceed these littoral shelf area requirements. I don't know if this is the most pertinent information,can you please let me know? thanks, W.Terry Cole,P.E. 1611 Al Senior Vice President/Principal Hole Montes,Inc. 950 Encore Way,Suite 200 Naples,FL 34109 Main Line: (239)254-2000 Direct Line:(239)254-2024 Mobile No.:(239)572-3316 Facsimile:(239)254-2099 Email:terrvcolenhmeng coal Under Florida Law,e-mail addresses are public records.If you do not want your e-mail address released in response to a public records request,do not send electronic mail to this entity.Instead,contact this office by telephone or in writing. 1611 Al 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: May 5, 2023 TO: Marty Rustin Collier Clerk's Office minutesandrecords 1Jcollierclerk.com FROM: Janice Swade District Recording Secretary RE: Minutes of the March 7, 2023 Meeting as Approved at the April 4, 2023 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 i ustin.fairc loth@inframark.com Gm(a,nhgcc.com 15 ,11 Al 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 Tuesday, March 7, 2023 at 9:00 a.m. at the Naples Heritage Golf & Country Club Clubhouse, located at 8150 Heritage Club Way,Naples, Florida 34112. Present and constituting a quorum were: Kenneth Gaynor Chairman Gerald James Vice Chairman Gordon Mettam Assistant Secretary Richard Leonhard Assistant Secretary Thomas Rutkowski Assistant Secretary Also present were: Justin Faircloth District Manager Jacob Whitlock Assistant District Manager, Inframark Tim Richards Naples Heritage Golf& Country Club Members of the Public Following is a summary of the discussions and actions taken. FIRST ORDER OF BUSINESS Roll Call Mr. Faircloth called the meeting to order, and called the roll. A quorum was established. SECOND ORDER OF BUSINESS Public Comment on Agenda Items • There have been requests from residents to clean the vegetation at the lake bank slopes in Prestwick. This vegetation is natural, and will not be removed. SOLitude does not maintain the littoral plants. • The following items were added to the agenda: ➢ Approval of Proposal from Pristine Lakes under 5A. ➢ Discussion of Fence on Colonial Court under 5B. 1611 Al March 7, 2023 Meeting Naples Heritage CDD THIRD ORDER OF BUSINESS Approval of the Minutes of the January 3, 2023 Meeting Mr. Faircloth requested any additions, corrections or deletions to the Minutes of the January 3, 2023 Meeting. There being none, On MOTION by Mr. Leonhard, seconded by Mr. James, with all in favor,the Minutes of the January 3,2023 Meeting were approved as presented. FOURTH ORDER OF BUSINESS Old Business A. Club Updates i. Walking Path • Mr. Gaynor and Mr. Faircloth spoke to the Environmentalist.The original inspector had the mitigation request under the wrong title, and the costs would have been approximately $135,000. The only mitigation costs will be for the benches, signage and pavilion, at approximately $25,000, which the Club will pay. • The agreement is being reviewed by the District Attorney. ii. Gatehouse Repairs • There was discussion to make these repairs in the summer. • Sliders may have to be replaced. • This item will be on the next agenda. B. Stormwater System Update i. MRI Estimate 3873 ii. MRI Clean Out Update • This item is for next year's inspection. • A$4,000 inspection was done this year.Repairs needed for items which are clogged 60% and above along with six additional structures will be done next week, in the amount of$25,000. The remaining structures will be repaired next year. • Mr. Faircloth is awaiting contract documents. • Mr. Faircloth noted an inspection is needed for next year, as things may change dramatically with the start of the rainy season. The inspection would also ensure that the work already done is satisfactory. • Discussion ensued regarding the need for an inspection next year. 2 161 1 Al March 7, 2023 Meeting Naples Heritage CDD • The Board concurred to negotiate the cost of the remaining repairs next year. • Funds will be set aside in the budget. • Mr. Faircloth reviewed the repairs to be done at 60%and above. • There will be minimal disruptions in the community. • Mr. Faircloth asked Mr. Whitlock to have MRI contact Mr. Chad Montgomery to gain access and complete the work. On MOTION by Mr. Leonhard, seconded by Mr. Mettam, with all in favor,the Board ratified the Chairman's previous authorization to have MRI clean out stormwater structures noted with 60%of debris and above along with six additional structures at a cost of$25,000 was approved. iii. Attorney Easement Findings Update • The attorney determined the District has the necessary easements for lake bank restoration work, as a result of the Title Search. • Staff will inquire with the District Engineer whether the District or Club is on the various permits. FIFTH ORDER OF BUSINESS New Business A. Approval of Proposal from Pristine Lakes • Mr. Gaynor distributed documentation. • The Association performs the repairs and the CDD restores the banks. • Pristine Lakes presented a proposal for $10,000, which was $27,000 less than Copeland for the same work with some exceptions. • Pipes in Heritage Links are to be reconnected, drains will be built at the same time as this other work. The CDD's portion is $20,300 for mitigation of the banks and the planting. • There was a correction to the document Mr. Gaynor distributed. The work is going to be done on Lake 9, not Lake 10. Mr. James MOVED to approve the Proposal from Pristine Lakes and Wetlands in the amount of$20,300 for mitigation of the lake bank on Lake 9, and Mr. Mettam seconded the motion. 3 1 6 I 1 Al March 7, 2023 Meeting Naples Heritage CDD • The Association is going to pay for installation of downspouts,catch basins, single- wall four-inch pipes, plugs and couplings, clean-up of debris, and replacement of all pipes in the amount of$10,100. • There will be a lake bank restoration meeting in a couple of weeks. Mr. Mettam is on this Committee. • Mr. Faircloth recommended that the contract be revised to be with the CDD and requested the last sentence on Page 3 of the Agreement be deleted as it states that the survivorship guarantee requires that PLW staff care for the littorals. Mr. Faircloth noted that PLW should warranty their work regardless of who is managing the lakes/littorals. • SOLitude will continue to be used as the District's aquatic management company. Mr. Gaynor AMENDED the prior motion to exclude the survivorship guarantee portion of the agreement and noted the agreement will be with the CDD. • Mr. Faircloth noted that the District's standard addendum language needed to be added as well. There being no further discussion, On VOICE vote, with all in favor, the Proposal from Pristine Lakes for mitigation of the lake bank on Lake 9 in the amount of$20,300 was approved, with changes noted, as discussed. B. Discussion of Fence on Colonial Court • One thousand feet of fence is down in this area. It is 25 years old and rotting away. • Mr. Gaynor believes the fence, which belongs to the CDD, needs to be replaced. • Mr. James noted the fence is on the north side of the 100-foot easement, which is not the CDD property line. Mr. Faircloth reminded the Board this area was deeded to the CDD, and the CDD took ownership of the fence. • A lengthy discussion ensued. • The Club is willing to pay for this work and request reimbursement from the District next fiscal year. 4 1 6 I 1 A ? March 7, 2023 Meeting Naples Heritage CDD On MOTION by Mr. Rutkowski, seconded by Mr. Gaynor, with all in favor, a new residential fence shall be put up at the existing location on Colonial Court, or moved 100 feet to the south in the amount of$16,000, subject to review by the District Attorney with oversight from SFWMD, with the cost to be covered by the Naples Heritage Golf& Country Club, and the CDD to reimburse the Club in Fiscal Year 2024. The record shall reflect Mr. Richards exited the meeting. Mr. Rutkowski's resignation was discussed. • Mr. Rutkowski is moving out of the District after the April meeting. • Two people are interested in filling the position, Mr. Graham Clentworth and Ms. Diane Augustus. They were asked to provide resumes for consideration at the next meeting. SIXTH ORDER OF BUSINESS Attorney's Report There being no report, the next order of business followed. SEVENTH ORDER OF BUSINESS Manager's Report A. Acceptance of Financial Report as of January 2023 On MOTION by Mr. Mettam, seconded by Mr. Leonhard, with all in favor, the Financial Report as of January 2023 was accepted. B. Discussion of Draft Letter to Residents Regarding Assessment Increase • Most of the language is basic legalese noted in all assessment increase letters. • The letter will be sent to every owner. • The Board will set the high-water mark for assessments at this meeting. • The increase is approximately $50. • The letter will be sent to the District Attorney for review. C. Distribution of the Proposed Budget for Fiscal Year 2024 and Consideration of Resolution 2023-03 Approving the Budget and Setting the Public Hearing • Mr. Faircloth noted Field- Contract—Aerator Maintenance should be changed to $3,550. 5 1611 Al March 7, 2023 Meeting Naples Heritage CDD • The amount of$16,000 to reimburse the Club will need to be listed in Field- Cap Outlay-Fence, since it is considered a capital expense. Mr. Faircloth reminded the Board that the approved budget is going to reflect a negative $16,000. However, the budgeted amount for R&M-Lake may be reduced by$16,000 to keep the budget balanced. • The Board discussed increasing the Operations and Maintenance Assessment to $225 per unit. The letter to residents will reflect this amount. Mr. James MOVED to approve the Fiscal Year 2024 Proposed Budget with an increase for the Operations and Maintenance Assessment to $225 per unit, with changes noted as above with any additional amount to be allocated to Field—R&M-lake, and to adopt Resolution 2023-03,Approving the Budget for Fiscal Year 2024, as amended, and Setting a Public Hearing Thereon Pursuant to Florida Law,to be held Wednesday,May 10,2023 at 9:00 a.m. at the Naples Heritage Golf& Country Club Clubhouse, located at 8150 Heritage Club Way, Naples, Florida 34112, and Mr. Mettam seconded the motion. There being no further discussion, On VOICE vote,with all in favor,the prior motion was approved as discussed. D. Follow-Up Items There being no follow-up items to discuss, the next order of business followed. EIGHTH ORDER OF BUSINESS Engineer's Report There being no report,the next order of business followed. NINTH ORDER OF BUSINESS Audience Comments • It was noted that Ms. Augustus did want to attend the meeting, but was unable to do so. She will try to attend the April meeting. If elected, she may attend the May meeting via phone due to personal reasons. 6 1611 Al March 7, 2023 Meeting Naples Heritage CDD TENTH ORDER OF BUSINESS Adjournment There being no further business, On MOTION by Mr. James, with all in favor, the meeting was adjourned at 10:20 a.m. /r.....,36cz Kenneth Gaynor Chairman 7 1611 Al Naples Heritage Community Development District Board of Supervisors District Staff Kenneth Gaynor, Chairman Justin Faircloth, District Manager Gerald James, Vice Chairman Gregory Urbancic, District Counsel Gordon Mettam, Assistant Secretary Terry Cole, District Engineer Richard Leonhard, Assistant Secretary Thomas Rutkowski, Assistant Secretary Revised Meeting Agenda Tuesday, March 7, 2023—9:00 a.m. 1. Roll Call 2. Public Comment on Agenda Items 3. Approval of the Minutes of the January 3,2023 Meeting 4. Old Business A. Club Updates i. Walking Path ii. Gatehouse Repairs B. Stormwater System Update i. MRI Estimate 3873 ii. MRI Clean Out Update iii. Attorney Easement Findings Update 5. New Business A. Approval of Proposal from Pristine Lakes B. Discussion of Fence on Colonial Court 6. Attorney's Report 7. Manager's Report A. Acceptance of Financial Report as of January 2023 B. Discussion of Draft Letter to Residents Regarding Assessment Increase C. Distribution of the Proposed Budget for Fiscal Year 2024 and Consideration of Resolution 2023-03 Approving the Budget and Setting the Public Hearing D. Follow-up Items 8. Engineer's Report 9. Audience Comments 10. Adjournment The next meeting is scheduled for Tuesday, April 4, 2023 at 9:00 a.m. District Office: Meeting Location: Inframark,Community Management Services Naples Heritage Golf&Country Club Clubhouse 210 North University Drive,Suite 702 8150 Heritage Club Way Coral Springs,Florida 33071 Naples,Florida 34112 954-603-0033 239-417-2555 www.naplesheritagecdd.com 1611 Al I PART Of THE USA TODAY NETWORK Published Daily Naples, FL 34110 VASARI COMMUNITY DEV ELOPMENT 210 N UNIVERSITY DR 702 Notice of Regular Meeting Schedule CORAL SPRINGS, FL 33071 Naples Heritage Community Development District The Board of Supervisors of the Naples Heritage Community De- Affidavit of Publication velopment District will hold their meetings for Fiscal Year STATE OF WISCONSIN 2022/2023 at the Naples Heritage Golf and Country Club Club. house.8150 Heritage Club Way, Naples, Florida at 9:00 a.m. as COUNTY OF BROWN follows: November31,202 022 Before the undersigned they serve as the authority, January 23 March 7,2023 personally appeared said legal clerk who on oath says that April4,2023 he/she serves as Legal Clerk of the Naples Daily News, a May 10,2023 dailynewspaper The meetings are open to the public and will be conducted in published at Naples, in Collier County, accordance with the provision of Florida Law for Community Florida; distributed in Collier and Lee counties of Florida; Development Districts. There may be occasions when one or morthat the attached copy of the advertising was published in may ebeucontinuedrvisors vto participateill date, t me,and location tloebe specified said newspaper on dates listed. Affiant further says that the on the record at the meeting. Future meetings will be separate- ly published at least seven days prior with the date, time and lo- P p published at cation. Naples, in said Collier County, Florida, and that the said A newspaper has heretofore been continuously published in the District May of the nager'senda fOffice, 2 0 or these meetings may a v be e sit obtained from said 702, Coral Springs, Florida 33071, (954) 603-0033, or by visiting Collier County, Florida;distributed in Collier and Lee the District's website at www.naplesheritagecdd.com. Addition- ally, interested parties may refer to the District's website for the counties of Florida,each day and has been entered as latest District information. second class mail matter at the post office in Naples, in Pursuant to the provisions of the Americans with Disabilities said Collier County, Florida,for a period of one year next Act, any person requiring special accommodations at these of meetings because of a disability or physical irrrpimpairment should preceding the first publication of the attached copy contact the District Manager's Office at least forty-eight (48) advertisement;and affiant further says that he has neither hours prior to the meeting. If you are hearing or speech discount, im- paired, please contact the Florida Relay Service by dialing 7-1-1, paid nor promised any person,or corporation anyor rebate,commission or refund for the purpose of securing 1 the District M nager'sOffice,8770 (voice), for aid in con- tacting this advertisement for publication in said newspaper Each person wlso decides to appeal any action taken at these issue(s)dated or by publication on the newspaper's meetings is advised that person will need a record of the pro- webSlte, if authorized,on that ags and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. Issue(s)dated: 10/03/2022 Justin Faircloth "--�� District Manager Oct 3,2022 #5429471 Subscribed and sworn to before on October 3,2022: IGotary, ate of ounty own 5r/5a5 My commission expires Publication Cost:$350.00 Ad No:0005429471 Customer No: 1308363 NANCY HEYR MAN PO#: HERITAGE CDD Notary Public #of Affidavits 1 State of Wisconsin This is not an invoice 1 6 I 1 Al M.R.I. Inspection LLC 5570 Zip 1)r. Fort Myers Fl.33905 239-984-5211 Office 239-236-1234 Fax �s CGC 15(17963 Date I Estimate # l Naples Heritage CDD Proposal 1/25/2023 3873 C/0 Inframark 210 N. University Dr. Suite 702 Project Coral Springs, FL 33071 Naples Heritage CDI) 2024 Inspection Description Total Total proposed cost to physically inspect specified storm structures. We will utilize a diver to enter each structure to inspect 4,500.00 the condition to determine the amount of sand, debris, and blockage within the system. We will proved a detailed inspection report of our findings and a proposal to clean all structures found to contain 25',,or more sand.debris.and blockage. This price includes all labor. material, and equipment needed to complete this job. Any work completed outside the scope of this proposal will result in additional charges. •*2024 Inspection" Total $4,500.00 \I.R.I.I inlet-water specialist utitins the federal E'%enf,program in contracts with public ennllmers \lI material is guaranteed to lie as specified. %II work to be completed in assrtrkmanlike manner according to standard practice.. %Minimal charges Inns occur if am changes are made during scope of work and will become an rstra charge osrr and atawe the estimate. \II agreements cuntingenr upon strikes.accidents or delays hesond our control. I liner Im cans lire,tornado and other n cessan insurance. %II contractors are full,cot ern]under general liability insurance.\se will not he responsible fur am unfnnccn incidents.when we dewatcr am wet well s,stcm.Due to sunk holes cresasrs or breeches etc.in and around wet well. I his pngawal ate.not include replacing am landscaping(Grass.trces.shrubs.etc.)all Jnlisites will lie left clean. .tut orircd Signature al`e../ Michael Radfnrd'President Arreptaurr of Proposal The Above price,specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified. Payments will be made within 30 days after invoiced. If not we will agree to pay a 10%late fee. This proposal may be withdrawn if not accepted within thirty(30)days. Signature Date of acceptance 1611 Al PR I STI N E Lakes and Wetlands SPECIAL SERVICE AGREEMENT This Agreement is made between Pristine Lakes and Wetlands LLC and: March 1st, 2023 Alaplai u,,..;+.,,., r...,,a. Glik Naples Heritage CDD C/O Inframark 01:0 I L.:tab..CI,.L W,., 210 N. University Dr. Suite 702 Coral Springs, FL 33071 CDD Both Naples Heritage C!unPr,Club(CUSTOMER) and Pristine Lakes and Wetlands LLC(PLW) agree to these terms and conditions for this special service contract. Description of Service A. Lake Bank Restoration 1. Crews will reclaim material from lake bottom or Trucked in Dirt to back fill eroded lake slopes to a 4-1 slope. Lake sections measured in ft that will be treated listed below. Lake 9 Lake580 ft at$35 per ft-$20,300 This quote includes the planting of four rows of littoral Plants. (Example, pickerelweed, arrowhead, cannas, spike rush will be planted on a one foot of center) 1611 Al The labor warranty for one (1) year period. Our guarantee does not include the loss of material due to 'acts of God' such as floods, fire, hurricanes, or other catastrophic events, nor does it include losses due to theft, lack of adequate irrigation, vandalism or negligence by others, or other factors outside the control of our organization. Total Investment: $20,300 TERMS AND CONDITIONS: 1-Ownership of property is implied by CUSTOMER with acceptance of this agreement. If CUSTOMER does not expressly own the areas where the above stated services will be provided. CUSTOMER represents that express permission of the owner is given and that authorization to commence the above-mentioned services Is allowed. In the event of dispute of ownership, CUSTOMER agrees to hold PLW harmless for the consequences of such services. 2. Invoices submitted for work completed shall be paid within 30 days of receipt or a finance charge of 1.00% per month or an annual percentage rate of 12.000 % will be computed on all past due balances. 3. Any incidental activity not explicitly mentioned in this proposal is excluded from the scope of work. 4. This proposal shall be valid for 30 days. 5-PLW shall not be responsible for acts beyond its reasonable control, including adverse soil and /or water conditions, adverse weather conditions, unavailable materials, Acts of God, war, acts of vandalism, theft, or third-party actions. CUSTOMER further states that neither party shall be responsible in damages or penalties for any failure or delay in performance of any of its obligations caused by above named incidences. 6. If PLW is required to enroll in any third-party compliance programs, invoicing or payment plans that assess fees to perform work for CUSTOMER, any charges related will be invoiced back to CUSTOMER as invoiced to PLW 161 1 Al 7. PLW will maintain insurance coverage, which includes but is not limited to; General Liability Property Damage, Automobile Liability, and Workman's Compensation at its own expense. 8. Pristine Lakes and Wetland utilizes the federal E-Verify program in contract with public employers as required by Florida State law and acknowledge all the provisions of Florida Statue 448.095 are incorporated herein by reference and hereby certifies it will comply with the same. 9. No alterations or modifications, oral or written, of the terms contained above shall be valid unless made in writing, and wholly accepted by authorized representatives of both PLW and the CUSTOMER. 10.The CUSTOMER shall allow PLW access to enter private or public areas to perform work. 11.Irrigation of planted areas is the responsibility of the CUSTOMER If irrigation does not cover the planted area, plant survival cannot be guaranteed. (Unless planting is completed in the May- June months). 12.PLW will replace any sod that gets damaged during the project. Planting Agreement All plants provided and installed under the terms of this agreement are guaranteed to be of good quality and free of existing diseases or defects at the time of installation. PLW guarantees (80%) survivorship at the end of 360 days and will replace any plant materials we have installed. Our guarantee does not include the loss of plant material due to "acts of god" such as floods, fire, hurricanes, or other catastrophic events, nor does it include losses due to theft, lack of irrigation, vandalism, chemical treatment or negligence by others, or other factors outside the control of our organization. 1611 Al Customer Responsibilities: 1- CUSTOMER will be responsible for the cost of any necessary permits that may be required prior to commencement of work. 2- Provide all available as built or other plants related to the areas to be restored, used for staging, or otherwise impacted by the project work. 3- Mark all sprinklers' heads and other items that are buried and not readily visible and obvious upon original visual inspection. 4- It is CUSTOMER'S responsibility to irrigate the new sod/planted area once installed. OWNER AUTHORIZATION:I Warrant and represent that I 'am p authorized to enter this agreement for professional services and I hereby authorize the performance of the above services and I agree to pay the charges upon the completion of the job or project referred above. I have also read, understand,and agree with all the terms and conditions in this agreement. Authorized Signature: / Date: —I/ r7�>3 Typed Name and Tittle: k,Ggry,C,:/l ���� — (/, „- An addendum is requifed for this contract. I ! Any questions regarding this agreement please contact info@pristinelakes.net or call(239)580-8711. 6' DocuSign Envelope ID:203C5582-1BAF-4094-8D05-3DDB9501B91E 1 6 I 1 A 7 ADDENDUM TO AGREEMENT This ADDENDUM TO AGREEMENT ("Addendum") dated as of the 1st day of March, 2023, by and between the Naples Heritage Community Development District("DISTRICT") and Pristine Lakes and Wetlands,LLC ("CONTRACTOR"). (DISTRICT and CONTRACTOR being collectively referred to herein as the "Parties"). WHEREAS, the Parties entered into a stormwater system repair agreement for Lake 9 special service contract("Agreement") on March 1st, 2023; and WHEREAS, the DISTRICT is a "public agency" pursuant to Section 119.0701(1)(b), Florida Statutes, and Chapter 119, Florida Statutes, provides for certain contract requirements related to public records in each public agency contract for services; and WHEREAS, the parties desire to incorporate certain provisions relating to public records together with other supplemental contract provisions. NOW THEREFORE,the Parties hereby agree as follows: 1. CONTRACTOR agrees to comply with Florida's public records law by keeping and maintaining public records that ordinarily and necessarily would be required by the DISTRICT in order to perform the services under the Agreement by doing the following: upon the request of the DISTRICT's Custodian of Public Records, providing the DISTRICT with copies of or access to public records on the same terms and conditions that the DISTRICT would provide the records and at a cost that does not exceed the cost provided by Florida law;by ensuring that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the term of this Agreement and following completion of the Agreement if the CONTRACTOR does not transfer the records to the DISTRICT; and upon completion of the Agreement by transferring, at no cost, to the DISTRICT all public records in possession of the CONTRACTOR or by keeping and maintaining all public records required by the DISTRICT to perform the services. If the CONTRACTOR transfers all public records to the DISTRICT upon completion of the Agreement, the CONTRACTOR shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If the CONTRACTOR keeps and maintains public records upon completion of the Agreement, the CONTRACTOR shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the DISTRICT, upon request from the DISTRICT's Custodian of Public Records, in a format that is compatible with the information technology systems of the DISTRICT. IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR'S DUTY TO PROVIDE PUBLIC RECORDS RELATING DocuSign Envelope ID:203C5582-1 BAF-4094-8D05-3DDB9501 B91 E 1 6 1 1 Ai TO THIS WORK ASSIGNMENT, CONTACT THE DISTRICT'S CUSTODIAN OF PUBLIC RECORDS SANDRA DEMARCO, AT INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES 210 N. UNIVERSITY DRIVE SUITE 702 CORAL SPRINGS,FL 33071,954-753-5841 EXT. 40532, OR SANDRA.DEMARCO@INFRAMARK.COM. 2. Contractor or any subcontractor performing the work described in this Contract shall maintain throughout the term of this Contract the following insurance: (a) Workers' Compensation coverage, in full compliance with Florida statutory requirements, for all employees of Contractor who are to provide a service under this Contract, as required under applicable Florida Statutes AND Employer's Liability with limits of not less than $1,000,000.00 per employee per accident, $500,000.00 disease aggregate, and $100,000.00 per employee per disease. (b) Commercial General Liability "occurrence" coverage in the minimum amount of $1,000,000 combined single limit bodily injury and property damage each occurrence and$2,000,000 aggregate, including personal injury, broad form property damage, products/completed operations, broad form blanket contractual and $100,000 fire legal liability. (c) Automobile Liability Insurance for bodily injuries in limits of not less than $1,000,000 combined single limit bodily injury and for property damage,providing coverage for any accident arising out of or resulting from the operation, maintenance, or use by Contractor of any owned, non-owned, or hired automobiles,trailers, or other equipment required to be licensed. Said insurance shall also to include insured/underinsured motorists coverage in the minimum amount of$100,000 when there are owned vehicles. District, its staff, consultants, agents and supervisors shall be named as an additional insured on all policies required(excluding worker's compensation). Contractor shall furnish District with the Certificate of Insurance evidencing compliance with this requirement. No certificate shall be acceptable to District unless it provides that any change or termination within the policy periods of the insurance coverage, as certified, shall not be effective within thirty(30)days of prior written notice to District. Insurance coverage shall be from a reputable insurance carrier acceptable to District, who licensed to conduct business in the State of Florida, and such carrier shall have a Best's Insurance Reports rating of at least A-VII. If Contractor fails to have secured and maintained the required insurance, District has the right(without any obligation to do so, however), to secure such required insurance in which event, Contractor shall pay the cost for that required insurance and shall furnish, upon demand, all information that may be required in connection with District's obtaining the required insurance. 2 DocuSign Envelope ID:203C5582-1BAF-4094-8D05-3DDB9501B91E 1 6 1 1 At 3. Neither District nor Contractor may assign this Contract without the prior written approval of the other. 4. This Contract shall be construed, governed and interpreted in accordance with the laws of the State of Florida. 5. In the event of litigation arising out of either party's obligations under this Contract, sole and exclusive venue shall lie in Collier County, Florida and the prevailing party shall be entitled to recover its attorney's fees and costs from the non-prevailing party, including but not limited to trial level fees, bankruptcy fees and appellate fees. 6. Contractor shall be obligated to comply with all requirements of Section 448.095, Florida Statutes relating to the use of the E-Verify system. Contractor shall register with and use the U.S. Department of Homeland Security's E-Verify system to verify the work authorization status of all newly hired employees. If Contractor enters into a contract with a subcontractor, the subcontractor must provide Contractor with an affidavit stating the subcontractor does not employ, contract with, or subcontract with an unauthorized alien. Contractor shall maintain a copy of said affidavit for the duration of the contract with the subcontractor. 7. Payment will be made within thirty (30) days after work has been accepted and properly invoiced. 8. All other provisions to the Agreement shall remain in full force and effect. 3 DocuSign Envelope ID:203C5582-1BAF-4094-8D05-3DDB9501B91E 1 8 1 1 Al IN WITNESS WHEREOF,the Parties have caused this Addendum to be executed by their respective duly authorized officers as of the date first above written. District: NAPLES HERITAGE COMMUNI Y DEVELOPMENT DISTRICT By: (, u�.��f— Contractor: Pristine Lakes and Wetlands, LLC pDocuSIgned by: By: �gn���pcepncex 4 16J 3 Al '4 D® CERTIFICATE OF LIABILITY INSURANCEDATE(MMIDDIYYYY) 3/23/2023 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER CONTACT GHG Insurance NAME: 1000 Riverside Ave., Suite 500 PHONE FAX (A/C.No.Ext):904-421-8600 I(A/C.No):904-421-8601 Jacksonville FL 32204 ADDRESS: info(dl9hgins.com INSURER(S)AFFORDING COVERAGE NAIC# INSURED INSURER A:Company Not Listed PRISLAK-02 INSURERS:Tokio Marine Specialty Insurance Company 23850 Pristine Lakes And Wetlands LLC 6080 Adkins Avenue INSURERC: Naples FL 34112 INSURERD: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER:905167628 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ADDL SUBR LTR TYPE OF INSURANCE I POLICY EFF POLICY EXP INSD WVD POLICY NUMBER I(MM/DD/YYYY) (MM/DD/YYYY) LIMITS A X COMMERCIAL GENERAL LIABILITY Y EG00037501 2/17/2023 2/17/2024 EACH OCCURRENCE CLAIMS-MADE X OCCUR DAMAGE TO RENTED $1,000,000 X 2,500 PREMISES(Ea occurrence) $100,000 MED EXP(Any one person) $5,000 X CPL-Mold PERSONAL&ADV INJURY $1,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: X POLICY PRO- I I LOC GENERAL AGGREGATE $2,000,000 JECT PRODUCTS-COMP/OPAGG $2,000,000 $ OTHER: A AUTOMOBILE LIABILITY EG00037501 2/17/2023 2/17/2024 COMBINED SINGLE LIMIT ANY AUTO (Ea accident) $1,000,000 OWNED SCHEDULED BODILY INJURY(Per person) $ AUTOS ONLY AUTOS BODILY INJURY(Per accident) $ X HIRED X NON-OWNED PROPERTY DAMAGE AUTOS ONLY AUTOS ONLY (Per accident) $ $ UMBRELLA LIAB OCCUR EACH OCCURRENCE $ EXCESS LIAB CLAIMS-MADE AGGREGATE $ DED I I RETENTION$ WORKERS COMPENSATION $ AND EMPLOYERS'LIABILITY Y/N STATUTE OTH- ER ANYPROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? N/A E.L.EACH ACCIDENT $ (Mandatory In NH) If yes,describe under E.L.DISEASE-EA EMPLOYEE $ DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $ B Professional Liability EG00037501 2/17/2023 2/17/2024 Each Claim 1,000,000 Aggregate 2,000,000 Dad.Per Claim 5,000 DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES(ACORD 101,Additional Remarks Schedule,may be attached if more space Is required) When required in written contract:General Liability Additional Insured Including Completed Operations is included per PIC-EPAC-302 AND ongoing operations per PIC-EPAC-300.General Liability includes Primary non-contributory per PIC-EPAC-704 AMD waiver of subrogation per PIC-EPAC-708. CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN Naples Heritage CDD ACCORDANCE WITH THE POLICY PROVISIONS. C/O Inframark 210 N. University Dr. Suite 702 AUTHORIZED REPRESENTATIVE Coral Springs FL 33071 2y4.,.,,,,, 0.17 ©1988-2015 ACORD CORPORATION. All rights reserved. ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD 16 f i Al Form W-19 Request for Taxpayer (Rex October 2018) Identification Number and Certification u r.to the Department ore reof nthe sTreasury requester.Do not P.Go to wwwlrsgov/FormW9 for Instructions and the latest Information. send to the IRS. t Name(as shown on your Income tax return).Name is required on this line;do not leave this the blank 2 Business name/d regarded entity name,if different from above PR\ T rye Lc1e c a rcl w ei 1aras LLC, to 0 3 Check appropriate box for federal tax classification o the person whose name b entered on bet Check only one of the 4 Ex Ions(codes cy following seven boxes only certain entitles,not individuals;see a. o VIndivkluausole proprietor or ❑ C Corporation ❑S Corporation 0 partnership 0 Trustestata Instructions on page 3): H single-memberLLC ❑ Ltrrfited ��payee code(n any) liability company.Enter the tax classification(C corporation,S S corporation,P=Pertrherrhlp) o LLC if the LLC Is Note:Check classifiedappropriate as sox in the llin above for the fist h oc classification of the single-member owner. Do not check Exemption fnxn FATCA reporting C another LLC that Is not aregartted for the owner unless the owner of the LLC b a is disregardeddisregarded from the owner for U.S.federal tax purposes.Otherwise,a single-member LLC that code(If anY) from the owner should check the appropriate box for the tax classification of its owner. ❑ Other(see Instructions)► ( •b+smv� �udwora►a�usa $ Address(number,sh'aet,end apt ore. (�- suite no.)See Instructions. Pi ne +IG (x1d SIC i s name and address(Requester' orstloaf rziri 6 City,state,and ZIP code N tES 1loIricci 4i1q 7number(s)here(optional) Taxpayer Identification Number(TIN) Enter your TIN in the appropriate box.The TIN provided must match the name given on line 1 to avoid (Soda.sectatgr number I backup withholding.For individuals,this Is generally your social security number(SSN).However,for a resident alien,sole proprietor,or disregarded entity,see the instructions for Part I,later.For other I entities,it is your employer identification number(EIN).If you do not have a number,see How to get a 77N,later. or Note:If the account is in more than one name,see the instructions for line 1.Also see What Name and I Employer Identmcaton number I Number To Give the Requester for guidelines on whose number to enter. 2(� 1 Part II Certification V i —I 21✓Z: i 1 �I j I Under penalties of perjury,I certify that: 1.The number shown on this form is my correct taxpayer identification number(or I am waiting for a number to be Issued to me);and 2.I am not subject to backup withholding because:(a)I am exempt from backup withholding,or(b)I have not been notified by the Internal Revenue Service(IRS)that I am subject to backup withholding as a result of a failure to report all Interest or dividends,or(c)the IRS has notified me that I am no longer subject to backup withholding;and 3.I am a U.S.citizen or other U.S.person(defined below);and 4.The FATCA code(s)entered on this form(if any)Indicating that I am exempt from FATCA reporting is correct Certillcation Instructions.You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all Interest and dividends on your tax return.For real estate transactions,item 2 does not apply.For mortgage interest geld, acquisition or abandonment of secured property,cancellation of debt contributions to an Individual retirement arrangement(IRA),and generally,payments other than interest and dividends, u are u to sign the certification,but you must provide your correct TIN.See the instructions for Part II,later. Sign agrkvivre Here U.S ; Doe► Z I(�,1 20 FormI General Instruction • 1099-DIV(dividends,Including those from stocks or mutual funds) Section references are to the Internal nue Code unless otherwise •Form 1099-MISC(various prizes, noted. types of Income, awards,or gross proceeds) Future develo pments.For the latest information about developments •Form 1099-B(stock or mutual fund sales and certain other related to Form W-9 and its instructions,such as legislation enacted after they were published,go to www.lrs.gov/FormW9. transactions by brokers) •Form 1099-S(proceeds from real estate transactions) Purpose of Form •Form 1099-K(merchant card and third party network transactions) An Individual or entity(Form W-9 requester)who Is required to file an •Form 1098(home mortgage Interest),1098-E(student loan Interest), information return with the IRS must obtain your correct taxpayer 1098-T(tuition) Identification number(TiN)which may be your social security number •Form 1099-C(canceled debt) (SSN),Individual taxpayer identification number(Il1N),adoption taxpayer identification number(ATIN),or employer identification number •Form 1099-A(acquisition or abandonment of secured property) (EIN),to report on an information return the amount paid to you,or other Use Form W-9 only if you are a U.S.person(including a resident amount reportable on an Information return.Examples of information alien),to provide your correct TIN. returns Include,but are not limited to,the following. •Form 1099-INT(Interest earned or paid) liY�do not return Form W-9 to the requester with a TIN,you might be subject to backup withholding.See What Is backup withholding, later. 1 6 I 1 Al floriba /Department of `Cgricutture anti Consumer berbices Pesticide Certification Office Commercial Applicator License License# CM27853 CARRAZANA, YAIMARA Categories 6290 WESTPORT LANE 5A NAPLES,FL 34116 Issued: February 23,2023 Expires: February 28,2027 Signature of Licensee WILTON SIMPSON,COMMISSIONER The above individual is licensed under the provisions of Chapter 487,F.S.to purchase and apply restricted use pesticides. 1611 Al NAPLES HERITAGE Community Development District Financial Report January 31, 2023 Prepared by 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES 1611 Al 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 1611 Ai NAPLES HERITAGE Community Development District Financial Statements (Unaudited) January 31, 2023 1611 Al NAPLES HERITAGE Community Development District General Fund Balance Sheet January 31 , 2023 ACCOUNT DESCRIPTION TOTAL ASSETS Cash-Checking Account $ 136,162 Due From Other Gov't' Units 35 Investments: Money Market Account 7,359 Deposits 560 TOTAL ASSETS $ 144,116 LIABILITIES Accounts Payable $ 81 Accrued Expenses 2,699 TOTAL LIABILITIES 2,780 FUND BALANCES Nonspendable: Deposits 560 Assigned to: Operating Reserves 11,533 Reserves-Fountains 1,000 Reserves-Road and Lakes 44,125 Unassigned: 84,118 TOTAL FUND BALANCES $ 141,336 TOTAL LIABILITIES&FUND BALANCES $ 144,116 Page 1 161 1 Al NAPLES HERITAGE Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31, 2023 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF JAN-23 JAN-23 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL REVENUES Interest-Investments $ 240 $ 80 $ 1,235 $ 1,155 514.58% $ 20 $ 517 Interest-Tax Collector - - 56 56 0.00% - 56 Special Assmnts-Tax Collector 119,850 110,883 108,023 (2,860) 90.13% 8,880 4,464 Special Assmnts-Discounts (4,794) (4,615) (4,252) 363 88.69% (1,012) (135) TOTAL REVENUES 115,296 106,348 105,062 (1,286) 91.12% 7,888 4,902 EXPENDITURES Administration P/R-Board of Supervisors 5,000 2,000 1,800 200 36.00% 1,000 800 FICA Taxes 383 153 138 15 36.03% 77 61 ProfServ-Engineering 2,000 - 989 (989) 49.45% - - ProfServ-Field Management 895 - - - 0.00% - - ProfServ-Legal Services 3,500 - 788 (788) 22.51% - ProfServ-Mgmt Consulting 24,708 8,236 8,236 - 33.33% 2,059 2,059 ProfServ-Property Appraiser 1,798 1,798 258 1,540 14.35% - - ProfServ-Web Site Maintenance 715 238 238 - 33.29% 60 60 Auditing Services 3,000 - - - 0.00% - - Postage and Freight 750 250 201 49 26.80% 63 - Insurance-General Liability 7,747 7,747 7,747 - 100.00% - - Printing and Binding 900 300 138 162 15.33% 75 - Legal Advertising 2,400 267 - 267 0.00% - - Misc-Bank Charges 546 182 - 182 0.00% 46 - Misc-Assessment Collection Cost 2,397 2,218 2,075 143 86.57% 178 87 Misc-Contingency 376 - - - 0.00% - - Misc-Web Hosting 1,850 400 733 39.62% - Office Expense 250 83 - 83 0.00% 21 - Annual District Filing Fee 175 175 175 - 100.00% - - Total Administration 59,390 24,047 23,516 531 39.60% 3,579 3,067 Field Contracts-Fountain 716 358 369 (11) 51.54% 179 184 Contracts-Aerator Maintenance 3,550 1,775 1,208 567 34.03% 888 393 Electricity-Aerator 8,100 2,700 2,557 143 31.57% 675 661 R&M-Fence 480 - - - 0.00% - - Misc-Contingency 15,520 - 4,000 (4,000) 25.77% - - Total Field 28,366 4,833 8,134 (3,301) 28.68% 1,742 1,238 Reserves Reserve-Fountain 200 - - - 0.00% - - Reserve-Roads and Lakes 27,340 - - - 0.00% - - Total Reserves 27,540 - 0.00% - - TOTAL EXPENDITURES&RESERVES 115,296 28,880 31,650 (2,770) 27.45% 5,321 4,305 Page 2 161 1 Al NAPLES HERITAGE Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31, 2023 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF JAN-23 JAN-23 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL Excess(deficiency)of revenues Over(under)expenditures - 77,468 73,412 (4,056) 0.00% 2,567 597 Net change in fund balance $ - $ 77,468 $ 73,412 $ (4,056) 0.00% $ 2,567 $ 597 FUND BALANCE,BEGINNING(OCT 1,2022) 67,924 67,924 67,924 FUND BALANCE,ENDING $ 67,924 $ 145,392 $ 141,336 Page 3 1611 Al NAPLES HERITAGE Community Development District Supporting Schedules January 31, 2023 1611 Al NAPLES HERITAGE Community Development District Non-Ad Valorem Special Assessments - Collier County Tax Collector Monthly Collection Distributions For the Fiscal Year Ending September 30, 2023 Discount/ Gross Date Net Amount (Penalties) Collection Amount Received Received Amount Costs Received Assessments Levied $ 119,850 Allocation % 100% 10/27/22 $ 673 $ 38 $ 14 $ 725 11/09/22 1,273 54 26 1,353 11/14/22 8,326 354 170 8,850 11/21/22 24,273 1,032 495 25,800 12/05/22 40,925 1,740 835 43,500 12/10/22 16,802 705 343 17,850 12/20/22 5,182 193 106 5,480 01/09/23 4,242 135 87 4,464 TOTAL $ 101,696 $ 4,251 $ 2,076 $ 108,022 % COLLECTED 90.1% TOTAL OUTSTANDING $ 11,828 Page 4 1611 Al NAPLES HERITAGE Community Development District Cash and Investment Balances January 31, 2023 ACCOUNT NAME BANK NAME YIELD MATURITY BALANCE GENERAL FUND Checking Account-Operating Valley National 2.00% N/A 136,162 Money Market Account BankUnited 2.10% N/A 7,359 Total $ 143,521 Page 5 1611 A VN M S�ciiOpp . 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University Drive Suite 702 Phone:(239)785-0675 Coral Springs,Florida 33071 April 3,2023 NOTICE Dear Property Owner, RE: Parcel ID# This Notice is provided pursuant to Section 197.3632, Florida Statutes, and is intended to provide you with information about the Naples Heritage Community Development District("District"),its assessments and upcoming public hearing. As you may know,the District is a special purpose unit of local government located in Collier County, Florida. The Naples Heritage Community Development District provides certain types of infrastructure and services for the lands within the District including your property. Upcoming Public Hearing The District will hold public hearings on Wednesday, May 10, 2023, at 9:00 a.m. at the Naples Heritage Golf and Country Club Clubhouse, 8150 Heritage Club Way, Naples, Florida 34112. The purpose of the public hearings will be to consider the adoption of the District's budget and levy of non-ad valorem special assessments. The District imposes non-ad valorem special assessments on your property on an annual basis,the purposes of which is to fund the District's general administrative and maintenance budget("Operation and Maintenance Assessment'). The District operates and maintains various facilities in the Naples Heritage community including the community's roads,conservation areas,various lakes,guardhouseand entry. This Operation and Maintenance Assessment is not a new assessment, but the District is required by Florida law to notify each owner by mail of an intended increase in the Operation and Maintenance Assessment amount from the prior year. The District has proposed to collect gross revenue from the Operation and Maintenance Assessment not-to-exceed $159,797.00. This proposed increase equates to a not-to-exceed per unit increase in the Operation and Maintenance Assessment of$50.00 over last year's per unit Operation and Maintenance Assessment of$150.00. It has been noted by the Board that the lake restoration program is proving to be successful and beneficial to the health of the District's lakes and necessary to keep the stormwater system in compliance.The Board intends to include additional lakes within this program in FY2024 and beyond.The increase is needed to fund the needs of the District including the lake restoration program approved by the Board of Supervisors, and to allow for future storm drainage cleanout funding.This year the District will be collecting the Operation and Maintenance Assessment on the Collier County Tax Bill. All benefited lands within the District pay the Operation and Maintenance Assessment,including undeveloped and developed lands. The unit of measurement for the Operation and Maintenance Assessment is per residential unit. Lands within the District are assigned units of measurement in accordance with their use. Platted residential lots or condominium units are considered to contain one (1) residential unit. Unplatted residential lands and non-residential lands including commercial lands are assigned units in accordance with the District's assessment methodology for the Operation and Maintenance Assessment on file at the offices of the District Manager. The Operation and Maintenance Assessment against each parcel is computed by multiplying the total of the residential units in each parcel by the applicable per unit assessment. Your property has one (1) residential unit(s) and, therefore, the proposed Operation and Maintenance Assessment on your property will not exceed$200.00 for the year. By operation of law,the District's assessments each year constitute a lien against your property located within the District just as do each year's property taxes.It is important to pay your assessments since failure to do so will cause a tax certificate to be issued against the property which may result in loss of title. You have the right to appear at the public hearings and express any objections, suggestions or comments you may have. You may also file written objections within twenty(20)days of the date of this Notice at the office of the District Manager,210 North University Drive,Suite 702,Coral Springs,Florida 33071,Attention: Justin Faircloth. If anyone chooses to appeal any decision of the Board with respect to any matter considered at the public hearing,such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made,which includes the testimony and evidence upon which such appeal is based.The public hearing may be continued to a date and time certain that will be announced at the hearing. In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations at this hearing because of a disability or physical impairment should contact the District Manager at least five(5)days prior to the date of the hearing. I hope this information is helpful. If you have any questions,please do not hesitate to contact my office. We look forward to your continued interest in the District. 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Z � 1 61 1 Al RESOLUTION 2023-03 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT APPROVING THE BUDGET FOR FISCAL YEAR 2024 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW WHEREAS, the District Manager has heretofore prepared and submitted to the Board a proposed operating and/or debt service budget for Fiscal Year 2024; a copy of which is attached hereto, and WHEREAS, the Board of Supervisors has considered said proposed budget and desires to set the required public hearing thereon; NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT; 1. The budget proposed by the District Manager for Fiscal Year 2024 is hereby approved as the basis for conducting a public hearing to adopt said budget. 2. A public hearing on said approved budget is hereby declared and set for the following date,hour and location: Date: Wednesday, May 10,2023 Hour: 9:00 a.m. Location: Naples Heritage Golf&Country Club Clubhouse 8150 Heritage Club Way Naples, Florida 34112 Notice of this public hearing shall be published in the manner prescribed in Florida Law. Adopted this 7th day of March 2023. Kenneth Gaynor Chairman Az- 9 stin Faircloth Secretary 161 1 Al 4- W .c 0 y., 4 Q a N m o rd O (N i Q N > M >, 2 W 0 .� L CV - *+ Sr) RI a) o Q as a) � , Q elo a 12 W O n o f LL J i� Q Z Z4 a E _ z Q U 1611 Al I* a) N (D M (- co as 0. N a) U C (6 a) m a - �+ C C 7 _d LL C S • o Cl, m rn . o c a) L Z U • !a - N I- (CO co a) a) co 0 Q C N C C m E co D. C W a) W � D N a6i o 0 Q 7 C W O C 0 2 > a) io U) o CC '� o F- m I- W o Q 0 E 0 -0 Z 0 0 0 c m 0 0 m (i E rn l m v N Z a) U) COw Z o Hco ((I) H C N p a 0 w o N W a n. 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E Ef3 O 0 ✓ N U C 7 a rn 2 0) d � W o CD c Q � Q rn o a W > 00 (d O W c o} E ■i C U Q E N Z 0 Q � 1611 B1 IMMOKALEE WATER&SEWER DISTRICT BASIC FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION TOGETHER WITH ADDITIONAL REPORTS YEARS ENDED SEPTEMBER 30,2022 AND 2021 1611 131 TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR'S REPORT 1-4 MANAGEMENT'S DISCUSSION AND ANALYSIS(MD&A) I-IX BASIC FINANCIAL STATEMENTS Statements of Net Position 5 Statements of Revenues, Expenses, and Changes in Net Position 6 Statements of Cash Flows 7 Notes to the Financial Statements 8-34 REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A Schedule of Revenues, Expenses and Changes in Net Position-Budget (Non-GAAP Budgetary Basis)and Actual with Reconciliation to GAAP Basis- Year Ended September 30,2022 35-41 Schedule of Expenditures of Federal Awards - Year Ended September 30, 2022 42 Notes to the Schedule of Expenditures of Federal Awards 43 ADDITIONAL REPORTS Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Basic Financial Statements Performed in Accordance with Government Auditing Standards 44-45 Independent Auditor's Report on Compliance for Each Major Program/Project and on Internal Control Over Compliance Required by the Uniform Guidance 46-48 Schedule of Findings and Questioned Costs -Federal Awards 49-50 Independent Accountant's Report on Compliance with Section 218.415, Florida Statutes 51 Independent Auditor's Report to Management 52-55 Management's Response to the Independent Auditor's Report to Management Exhibit 1 Florida Rules of the Auditor General - Rule 10.554(1)(i)6-8 Compliance- Unaudited Exhibit 2 I6l 1 81 TU S CAN Affiliations Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division INDEPENDENT AUDITOR'S REPORT Board of Commissioners Immokalee Water& Sewer District 1020 Sanitation Road Immokalee,Florida 34142 Opinion We have audited the accompanying basic financial statements of the business-type activities of Immokalee Water& Sewer District(an independent special district)(the"District")as of and for the years ended September 30,2022 and 2021,and the related notes to the financial statements,which collectively comprise the District's basic financial statements as listed in the table of contents. In our opinion,based on our audits,the financial statements referred to above present fairly,in all material respects,the respective financial position of the business-type activities of Immokalee Water& Sewer District as of September 30,2022 and 2021,and the respective changes in financial position and cash flows thereof, for the years then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District,and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America;this includes the design, implementation,and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement,whether due to fraud or error. In preparing the financial statements,management is required to evaluate whether there are conditions or events,considered in the aggregate,that raise substantial doubt about the District's ability to continue as a going concern for twelve months beyond the financial statement date,including any currently known information that may raise substantial doubt shortly thereafter. INTEGRITY ........o SERVICE EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 • Phone: (239)333-2090 • Fax: (239)333-2097 1 L1 B1 Board of Commissioners Immokalee Water& Sewer District Page 2 Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,whether due to fraud or error,and to issue an auditor's report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error,as fraud may involve collusion, forgery,intentional omissions,misrepresentations,or the override of internal control. Misstatements are considered material if there is a substantial likelihood that,individually or in the aggregate,they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards,we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements,whether due to fraud or error,and design and perform audit procedures responsive to those risks. Such procedures include examining,on a test basis,evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances,but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly,no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management,as well as evaluate the overall presentation of the financial statements. • Conclude whether,in our judgment,there are conditions or events,considered in the aggregate, that raise substantial doubt about the District's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding,among other matters, the planned scope and timing of the audit,significant audit findings,and certain internal control-related matters that we identified during the audit. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis on pages I-IX be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements,is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational,economic,or historical context. We have applied certain limited procedures to the required supplementary information-management's discussion and analysis(MD&A)in accordance with auditing standards generally accepted in the United States of America,which consisted of inquiries of management about the methods of preparing the information 161 1 81 Board of Commissioners Immokalee Water& Sewer District Page 3 and comparing the information for consistency with management's responses to our inquiries,the basic financial statements,and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the required supplementary information-management's discussion and analysis(MD&A)because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Required Supplementary Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise Immokalee Water& Sewer District's basic financial statements. The required supplementary information other than MD&A-budgetary comparison information-Schedule of Revenues,Expenses and Changes in Net Position-Budget(Non-GAAP Budgetary Basis)and Actual with Reconciliation to GAAP Basis-year ended September 30,2022 is presented for purposes of additional analysis and is not a required part of the basic financial statements.The required supplementary information other than MD&A-budgetary comparison information-Schedule of Revenues,Expenses and Changes in Net Position-Budget(Non-GAAP Budgetary Basis)and Actual with Reconciliation to GAAP Basis-year ended September 30,2022 is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion,the required supplementary information other than MD&A budgetary comparison information-Schedule of Revenues,Expenses and Changes in Net Position-Budget (Non-GAAP Budgetary Basis)and Actual with Reconciliation to GAAP Basis-year ended September 30,2022 is fairly stated,in all material respects,in relation to the basic financial statements as a whole. Our audit was conducted for the purpose of forming an opinion on the financial statements of Immokalee Water& Sewer District that collectively comprise the Immokalee Water& Sewer District's basic financial statements. The accompanying Schedule of Expenditures of Federal Awards for the year ended September 30,2022 as required by the Title 2 U.S.Code of Federal Regulations(CFR)Part 200, "Uniform Administrative Requirements,Cost Principles,and Audit Requirements for Federal Awards"and is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures,including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves,and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion,the accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance for the year ended September 30,2022 is fairly stated,in all material respects,in relation to the basic financial statements as a whole. 1 61 1 B1 Board of Commissioners Immokalee Water&Sewer District Page 4 Other Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the District's basic financial statements. The Exhibit 1 -Management's Response to Independent Auditor's Report to Management and Exhibit 2-Florida Rules of the Auditor General- Rule 10.554(1)(i)6-8 Compliance are not a required part of the basic financial statements but is required by Government Auditing Standards and/or Rules of the Auditor General, Section 10.554(i),respectively. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements and,accordingly,we do not express an opinion or provide any assurance on it. Other Reporting Required by Section 218.415,Florida Statutes In accordance with Section 218.415,Florida Statutes,we have also issued a report dated April 18,2023 on our consideration of Immokalee Water& Sewer District's compliance with provisions of Section 218.415,Florida Statutes. The purpose of that report is to describe the scope of our testing of compliance and the results of that testing,and to provide an opinion on compliance with the aforementioned Statute. That report is an integral part of an audit performed in accordance with Sections 218.39 and 218.415,Florida Statutes in considering Immokalee Water&Sewer District's compliance with Section 218.415,Florida Statutes. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards,we have also issued our report dated April 18, 2023 on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws,regulations,contract and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing,and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance. /4.dtat4244) zi,A,Aniii4 I TUSCAN&COMPANY,P.A. Fort Myers,Florida April 18,2023 1611 B1 MANAGEMENT'S DISCUSSION AND ANALYSIS (MD&A) 0 1611 B1 IMMOKALEE WATER& SEWER DISTRICT Required Supplementary Information Management's Discussion and Analysis September 30, 2022 The management of the Immokalee Water& Sewer District offers readers of our financial statements the following narrative overview and analysis of our financial activities for the year ended September 30, 2022. Basic Financial Statements Our basic financial statements are prepared using proprietary fund (enterprise fund) accounting that uses the same basis of accounting as private-sector business enterprises. The District is operated under one enterprise fund. Under this method of accounting, an economic resources measurement focus and an accrual basis of accounting is used. Revenue is recorded when earned and expenses are recorded when incurred. The basic financial statements include a statement of net position, a statement of revenues, expenses and changes in net position, a statement of cash flows, and a reconciliation of operating profit (loss) to net cash provided by operating activities. These financial statements are followed by notes to the financial statements. In addition to the basic financial statements, this report also contains required supplementary information pertaining to budgetary reconciliations. The statement of net position presents information on the District's assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The statement of revenues, expenses, and changes in net position reports the operating revenues and expenses and nonoperating revenues and expenses of the District for the fiscal year. The difference, the net income or loss, is combined with any capital grants to determine the increase or decrease in net position for the fiscal year. The increase or decrease, combined with the net position at the end of the previous year, total to the net position at the end of the current fiscal year. The statement of cash flows reports cash and cash equivalent activities for the fiscal year resulting from operating activities, capital and related financing activities, noncapital and related financing activities and investing activities. The net result of these activities added to the beginning of the year cash balance, total to the cash and cash equivalent balance at the end of the current fiscal year. MDAI 161 1 (31 IMMOKALEE WATER& SEWER DISTRICT Required Supplementary Information Management's Discussion and Analysis September 30, 2022 Condensed Financial Statement Condensed financial information from the statements of net position and revenues,expenses and changes in net position for the years ended September 30,2022 and 2021 are as follows: September 30, 2022 2021 Current and other assets $ 18,852,586 $ 19,157,207 Capital assets,net 58,270,517 57,839,301 Total assets $ 77,123,103 $ 76,996,508 Current liabilities $ 3,656,260 $ 4,498,790 Long-term liabilities 30,251,807 30,187,762 Total liabilities 33,908,067 34,686,552 Net position: Net Investment in capital assets 27,260,934 26,938,398 Restricted 2,163,187 3,247,717 Unrestricted 13,790,915 12,123,841 Total net position 43,215,036 42,309,956 Total liabilities and net position $ 77,123,103 $ 76,996,508 Operating revenue: Water service $ 4,108,228 $ 4,096,083 Wastewater service 5,983,159 5,832,186 Meter service charges 863,741 826,307 Late fees 86,025 83,325 Reconnection/transfer fee 106,230 105,444 Miscellaneous revenue 289,067 285,718 Cross connection control fees 374,532 370,198 Total operating revenues 11,810,982 11,599,261 Operating expenses: Water treatment and distribution expense 2,611,253 2,241,418 Wastewater treatment expense 2,143,222 1,976,012 Wastewater collection expense 922,851 940,465 Customer service and administrative expense 2,005,640 2,369,788 Maintenance 424,387 388,238 Total operating expenses,excluding depreciation 8,107,353 7,915,921 Depreciation 2,534,093 2,525,470 Total operating expenses,including depreciation 10,641,446 10,441,391 Operating profit(loss) 1,169,536 1,157,870 Net nonoperating revenue/(expense) (1,136,378) (1,049,507) Profit(loss)before capital grants 33,158 108,363 Capital grants and contributions 871,922 126,884 Increase(Decrease)in net position 905,080 235,247 Beginning of year net position 42,309,956 42,074,709 End of year net position $ 43,215,036 $ 42,309,956 (Continued) MDA II 1 6 I 1 131 IMMOKALEE WATER& SEWER DISTRICT Required Supplementary Information Management's Discussion and Analysis September 30, 2022 The information contained in the condensed financial information table is used as the basis for the discussion presented on the following pages, surrounding the District's activities for the fiscal year ended September 30, 2022. Financial Highlights • The District completed a rate study and adopted the related rate increase of 3% per year for FY 2020-2022. Rate increases are effective on October 1, 2019, October 1, 2020 and October 1, 2021. • The District ended the year September 30, 2022, with a net position of $43,215,036 of which $27,260,934 represented the net investment in capital assets $2,163,187 represents restricted net position and $13,790,915 was unrestricted. The ending net position was $905,080 more than the net position at the beginning of the year. This was primarily the result of the implementation of the previous rate increases. • The District ended the year September 30, 2021, with a net position of $42,309,956 of which $26,938,398 represented the net investment in capital assets and $12,123,841 was unrestricted. The ending net position was $235,247 more than the net position at the beginning of the year. This was primarily the result of the implementation of the rate increases. • The District had profit before capital contributions, for the years ended September 30, 2022 and 2021 of$33,158 and $108,363,respectively. • The District had minimized interest expense, because of utilizing low interest bonds/loans for capital projects funded through USDA Rural Development. These interest rates range from 2.25% to 5.125% in F&Y 21. During FY 22 the District paid off 2 bond issues and refinanced 5 others to lower the annual debt service and reduce interest costs. The new Refunding Series 2022 bond has a fixed 4% interest rate. Now bond interest rates range from 2% to 4%. District projects are financed through a combination of bonds, loans and grants. • The District ended the year September 30, 2022 with cash and cash equivalents and investments of approximately $16,080,990. However, only $12,406,353 of this amount is available for operations, with the remainder of these assets being restricted for specific purposes and unavailable for the District's general use. • The District ended the year September 30, 2021 with cash and cash equivalents and investments of approximately $16,918,945. However, only $12,266,422 of this amount is available for operations, with the remainder of these assets being restricted for specific purposes and unavailable for the District's general use. • The statement of cash flows identifies the sources and uses of cash activity for the fiscal year. For fiscal year 2022, cash and cash equivalents decreased by $(223,918)compared to an increase of$469,004 for the year ended September 30, 2021. This change resulted primarily from the cost of capital projects and paying off 2 bond issues. The servicing of the District's debt (principal and interest) resulted in the spending of cash of nearly $1,051,828. MDA III 1st 1 B1 IMMOKALEE WATER& SEWER DISTRICT Required Supplementary Information Management's Discussion and Analysis September 30, 2022 • The statement of cash flows identifies the sources and uses of cash activity for the fiscal year. For fiscal year 2021, cash and cash equivalents increased by $469,004 compared to an increase of$997,575 for the year ended September 30, 2020. This change resulted primarily from the receipt of grant funds to fund the cost of a capital project. The servicing of the District's debt(principal and interest) resulted in the spending of nearly $1,971,032. Revenue As in previous years, the wastewater service revenues make up half or more of the operating revenues, accounting for 51% in 2022 and 50% in 2021. Water revenue accounted for 35% in 2022 and 35% in 2021. Meter service charges, late fee charges, reconnection fees, and miscellaneous revenues also remained constant between the two years. Cross connection control fees remained at 3 % in 2022 and 2021. The District was successful in receiving an increase in the District boundaries by the Florida Legislature, during the Spring 2005 session. This change in the boundaries is expected to result in increased opportunities for new users, in future years. We will be working on a revised capital improvement plan, in conjunction with the Immokalee Master Plan,to identify the needs within the next fiscal year. Expenses _ Due to the significant investments the District has in capital assets, depreciation continues to be one the largest operating expenses at 24%of total operating expenses per year. Unlike the other expenses listed, depreciation is not a cash expense. The first largest department in FY 21, by expenses, was the administration department, which consists of nine full time employees and one part-time employee. The related operating expenses remained constant at 23% of total expenses in 2022. In FY 22 the administrative department was the third largest department at 19% of total expense. The largest expense, in this department, other than salaries and benefits are engineering and legal fees. The water treatment and distribution departments consist of thirteen full-time employees. The District is programing a new advanced metering infrastructure project to use cellular data to read meters from the office. This interactive technology will allow staff access to real time data for customer inquiries on usage, quicker leak detection, efficient maintenance planning and ultimately effective monitoring of the water system. MDA IV 161 1 131 IMMOKALEE WATER& SEWER DISTRICT Required Supplementary Information Management's Discussion and Analysis September 30, 2022 The wastewater treatment department, by expenses, consist of 20% and 19% of total operating expenses which remained constant between 2022 and 2021, respectively. This department is one of the largest, with eight full time employees and one part-time employee. One of the largest expenses, excluding salaries and benefits, in this department is electric, which accounted for over $209,000 and $200,000 in expenses in 2022 and 2021, respectively. The wastewater collection department consists of five full time employees. The related operating expenses were at 9%and 9% in 2022 compared to 2021,respectively. The smallest department is the maintenance department, which was created in fiscal year 2004 to reduce maintenance-related expenses from third-party vendors. It consists of six full time employees. It accounts for 4% and 3% of total operating expenses in 2022 and 2021, respectively. Labor costs in this department, except for those relating to the supervisor, are charged to the appropriate departments, based on the maintenance projects they are working on. Wages and benefits account for 39%and 37%of the total operating expenses in 2022 and 2021, making it the largest expense category. Depreciation expense accounts for 24% and 24%, for 2022 and 2021, respectively. The District continues to monitor costs. The District considers cost of living increases during the budget cycle and provides merit increases based upon performance evaluations. The District follows best practices for water and wastewater systems in promoting employees who meet specified criteria for certification and licensing. The District bids out contracts for major expenses, such as health insurance, property insurance, residuals management and chemicals. The District has an arrangement with Collier County Fleet Management allowing the District to access their fuel tanks, located in Immokalee, to take advantage of bulk-usage savings. General Fund Budgetary Highlights Over the course of the 2022 fiscal year, the Board of Commissioners amended the District budget. These budget amendments were done primarily to a) increase operating revenue, and to b) increase operating expenses, capital funding primarily related to the District's projects, bond refinancing related costs and adjust designated funds. Original to Final Budget Variance For the fiscal year 2022 total operating revenues were increased by approximately $404,000 more than originally budgeted, and total operating expenses, excluding depreciation expense,were decreased by nearly $1,248,000. MDA V 161 1 B1 IMMOKALEE WATER & SEWER DISTRICT Required Supplementary Information Management's Discussion and Analysis September 30, 2022 Capital outlay—capital outlay was decreased by nearly $3,122,000. Final Budget to Actual Variance For the fiscal year 2022 total operating revenue was approximately $393,000 less than originally budgeted. Capital Assets The District's net capital assets as of September 30, 2022 and 2021 amounted to $58,270,517 and $57,893,301 (net of accumulated depreciation), respectively. This investment in capital assets includes land, construction in progress, buildings and improvements, water and wastewater plants and systems, and machinery and equipment. Net capital asset additions included the following for the years ended September 30: 2022 2021 Construction in progress $ 2,093,981 $ 2,449,349 Buildings and improvements - - Water and wastewater plants and systems 806,323 330,922 Machinery and equipment 66,309 75,014 $ 2,966,613 $ 2,855,285 Construction in progress for 2022 was primarily for the clarifier project and clay pipe replacement. Construction in progress for 2021 was primarily for the clarifier project. The District primarily acquires its assets with the proceeds from federal capital grants and revenue bonds, supplemented by user fees. USDA Rural Development is the primary source of proceeds, because they offer low interest loans for capital improvements. We also received contributed capital in the form of new water and sewer infrastructure from developers. New equipment purchases and a system expansion are part of the District's capital improvement program. Capital purchases are acquired using bids, or Florida State Contract prices. MDA VI 1611 S1 IMMOKALEE WATER& SEWER DISTRICT Required Supplementary Information Management's Discussion and Analysis September 30, 2022 Debt As of September 30, 2022, the District had $30,276,000 of revenue bonds outstanding. The total amount outstanding for this category of debt decreased, to reflect the net($10,549,969 principal retired plus $10,514,000 bonds issued) principal payments by the District of $35,969. As of September 30, 2021, the District had $30,311,969 of revenue bonds outstanding. The total amount outstanding for these categories of debt decreased, to reflect the principal payments by the District of$769,000. Unrestricted Net Assets As of September 30, 2022, the District had designated $11,554,207 in unrestricted net assets, as recommended by the auditor. The District designated $941,631 for emergencies, $3,982,093 for operations, $607,483 for vehicle replacement, $1,000,000 for capital equipment, $3,523,000 for future capital projects, and$1,500,000 for maintenance reserve. As of September 30, 2021, the District had designated $10,744,661 in unrestricted net assets, as recommended by their auditor. The District designated $941,631 for emergencies, $3,813,925 for operations, $607,483 for vehicle replacement, $1,000,000 for capital equipment, and $4,381,622 for maintenance reserve. Upcoming Significant Changes or Impacts Rate Increases: In fiscal year 2022,the District retained Raftelis Financial Consultants Inc. (formerly PRMG), to perform a water and wastewater revenue sufficiency and miscellaneous fee study. The monthly rates pay for: Water Supply & Treatment Administration Capital Maintenance of Major Assets Laboratory& Testing &Infrastructure Distribution& Maintenance Replacement of Minor Equipment Customer Service & Billing Loan Payments The Board held a public workshop on July 20, 2022 and a separate public hearing on August 17, 2022 to discuss the adequacy of the exiting monthly service rates and adopted a 9.5%per year rate increase for the next three (3)years (FY 2023 through FY 2025). Miscellaneous fees and charges address costs for customer-specific service requests such as cross connection control, meter installation and tap, reconnect/disconnect. The review of the adequacy of the miscellaneous fees and charges resulted in an overall increase to most fees since existing charges had not been adjusted since 2017. There were two (2) charges MDA VII 16 ( 1 131 IMMOKALEE WATER& SEWER DISTRICT Required Supplementary Information Management's Discussion and Analysis September 30, 2022 eliminated and several fees were determined to be adequate at the current level and no changes were made. The Board held a public hearing on September 21, 2022 to discuss the adequacy of the existing miscellaneous fees and charges and adopted a revised fee schedule. New Development: There are several new non-profit developments under construction that will become system users including Fair Housing Alliance(128 units),Habitat for Humanity(Kaicasa) (280 units), Redlands Christian Migrant Association(RCMA) (daycare/charter school, office/community center, 160 multifamily units). Other new non- profit developments via Pulte Family Foundation and Catholic Charities are in the planning stages. The Williams Ranch PUD is the only for-profit development currently being planned. 366 units were recently approved by Collier County. The expected buildout is 2000 units. Capital Improvements: The District is closing out the wastewater clarifier rehabilitation project with a final cost of approximately $2,778,000. The District submitted appropriation requests to the 2023 Florida Legislature to fund three (3)major projects: • Immokalee Reuse/Reclaimed Water Treatment- $10,000,000 • Immokalee Smart Utility - $7,000,000 • Immokalee Water Softening Treatment- $9,000,000 As of this writing,the legislature has the water softening project funded at 100%and the other two (2)projects at 50%. The District continues to manufacture our own fertilizer branded"Organi Kalee" and markets to agricultural uses. The District is exploring variations to refining the fertilizer which may improve its marketability. Collier County Projects: Tiger Grant- Collier County was awarded a $13,000,000 grant to construct complete streets improvement in Immokalee including 20 miles of new sidewalks, a bike boulevard network, a shared-use path, street lighting, drainage improvements, a new transit center, landscaping, and intersection and traffic calming improvements. There are significant utility relocations associated with this project that the District is responsible for funding. Lake Trafford Road Stormwater/Pedestrian/Bike Improvements—Collierkounty is constructing stormwater improvements to address severe flooding issues along MDA VIII 1 6 I 1 B1 IMMOKALEE WATER& SEWER DISTRICT Required Supplementary Information Management's Discussion and Analysis September 30, 2022 approximately 3 miles of Lake Trafford Road. The plans indicate that relocation of a water main and sewer lines are necessary. The District is analyzing the related costs. Request For Information This financial report is intended to provide an overview of the finances of the District for those with an interest in this organization. Questions concerning any information within this report, may be directed to the Executive Director of the District, 1020 Sanitation Road, Immokalee, Florida 34142. MDA IX 1611 BI IMMOKALEE WATER& SEWER DISTRICT STATEMENTS OF NET POSITION September 30,2022 and 2021 2022 2021 ASSETS CURRENT ASSETS Cash $ 12,406,353 $ 11,652,385 Investments - CDs 637,219 614,037 Accounts receivable, net 731,390 735,906 Other receivables 36,151 86,052 Inventory 229,879 341,664 Prepaid expenses - - TOTAL CURRENT ASSETS 14,040,992 13,430,044 RESTRICTED ASSETS Cash 3,674,637 4,652,523 Grant and assessment receivables 1,136,957 1,074,640 TOTAL RESTRICTED ASSETS 4,811,594 5,727,163 CAPITAL ASSETS Capital assets not being depreciated: Land 2,645,941 2,645,941 Construction in progress 3,593,683 1,820,071 Capital assets being depreciated: Buildings and improvements 1,677,771 1,670,776 Water and wastewater plants and systems 89,843,527 88,725,161 Machinery and equipment 3,624,858 3,587,242 Less: Accumulated depreciation (43,115,263) (40,609,890) 58,270,517 57,839,301 TOTAL ASSETS $ 77,123,103 $ 76,996,508 The accompanying notes are an integral part of this statement. DLO B 1 Page 5 of 55 2022 2021 LIABILITIES AND NET POSITION CURRENT LIABILITIES Accounts and contracts payable $ 872,020 $ 1,813,119 Other accrued expenses 91,972 162,364 Capital lease payable, current portion 43,861 43,861 TOTAL CURRENT LIABILITIES 1,007,853 2,019,344 CURRENT LIABILITIES (Payable from Restricted Assets) Revenue bonds payable, current portion 849,000 798,000 Loans payable - SRF, current portion 38,810 37,825 Accrued revenue bond interest 73,278 85,239 Retainage payable 105,646 46,541 Customer deposits 1,581,673 1,511,841 TOTAL CURRENT LIABILITIES (Payable from Restricted Assets) 2,648,407 2,479,446 LONG-TERM LIABILITIES Line of Credit(LOC) - - Revenue bonds payable, net of current portion 29,706,838 29,513,969 Loans payable - SRF, net of current portion 349,143 387,954 Capital lease payable,net of current portion 21,931 65,793 Bond anticipation note - 53,501 Accrued compensated absences 173,895 166,545 TOTAL LONG-TERM LIABILITIES 30,251,807 30,187,762 Commitments - - TOTAL LIABILITIES 33,908,067 34,686,552 NET POSITION Net investment in capital assets 27,260,934 26,938,398 Restricted 2,163,187 3,247,717 Unrestricted 13,790,915 12,123,841 TOTAL NET POSITION 43,215,036 42,309,956 TOTAL LIABILITIES AND NET POSITION $ 77,123,103 $ 76,996,508 1611 81 IMMOKALEE WATER& SEWER DISTRICT Page 6 of 55 STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION Years ended September 30,2022 and 2021 2022 2021 OPERATING REVENUES Water service $ 4,108,228 $ 4,096,083 Wastewater service 5,983,159 5,832,186 Meter service charge 863,741 826,307 Late fees 86,025 83,325 Reconnect and transfer fees 106,230 105,444 Miscellaneous charges,fees and other income 289,067 285,718 Cross connection control fee 374,532 370,198 TOTAL OPERATING REVENUES 11,810,982 11,599,261 OPERATING EXPENSES Water treatment and distribution 2,611,253 2,241,418 Wastewater treatment 2,143,222 1,976,012 Wastewater collection 922,851 940,465 Customer service and administrative 2,005,640 2,369,788 Maintenance 424,387 388,238 TOTAL OPERATING EXPENSES PRIOR TO DEPRECIATION 8,107,353 7,915,921 Depreciation 2,534,093 2,525,470 TOTAL OPERATING EXPENSES 10,641,446 10,441,391 OPERATING PROFIT(LOSS) 1,169,536 1,157,870 NON-OPERATING REVENUES(EXPENSES) Interest income 56,678 59,327 Gain(loss)on disposition of capital assets 3,331 7,200 Interest expense (922,210) (1,124,908) Bond issuance costs (305,502) - Bad debt expense adjustment (11,501) - Covid 19 expense - (26,308) Other income 42,826 35,182 NET NON-OPERATING EXPENSES (1,136,378) (1,049,507) PROFIT(LOSS)BEFORE CAPITAL CONTRIBUTIONS 33,158 108,363 CAPITAL CONTRIBUTIONS USDA-grants 768,250 - Customers 73,465 79,095 Developers 30,207 47,789 TOTAL CAPITAL CONTRIBUTIONS 871,922 126,884 INCREASE(DECREASE)IN NET POSITION 905,080 235,247 NET POSITION-Beginning of the year 42,309,956 42,074,709 NET POSITION-End of the year $ 43,215,036 $ 42,309,956 The accompanying notes are an integral part of this statement. 1611 B1 IMMOKALEE WATER& SEWER DISTRICT STATEMENTS OF CASH FLOWS Years ended September 30,2022 and 2021 2022 2021 CASH FLOWS FROM(USED IN)OPERATING ACTIVITIES: Cash received from customers $ 11,923,730 $ 11,504,845 Cash payments to suppliers and employees (8,999,709) (6,880,086) NET CASH PROVIDED BY(USED IN) OPERATING ACTIVITIES 2,924,021 4,624,759 CASH FLOWS FROM(USED IN)NONCAPITAL FINANCING: Other income received 42,826 35,182 Bond issuance cost (305,502) - Other expenses paid(Covid 19) - (26,308) NET CASH PROVIDED BY(USED IN) NONCAPITAL FINANCING (262,676) 8,874 CASH FLOWS FROM(USED IN)CAPITAL AND RELATED FINANCING ACTIVITIES: Acquisition and construction of capital assets (2,907,508) (2,987,253) Proceeds from sale of capital assets(gain) 4,635 7,200 Principal paid on revenue bonds (10,549,969) (769,000) Proceeds from bond issuance 10,514,000 - Payment of refunding bond premium 280,761 - Amortization of bond premium (923) - Principal paid on loans-SRF (37,826) (37,180) Interest paid on bonds and other obligations (934,171) (1,120,991) Proceeds from special assessment collections 77,916 78,283 Principal paid on bond anticipation note(BAN) (750,327) - Proceeds from bond anticipation note(BAN) 696,826 - Principal paid on capital lease (43,862) (43,861) FEMA Capital contributions-USDA 628,017 - Membership/customer/developer connection fees/assessment 103,672 126,884 NET CASH PROVIDED BY(USED IN)CAPITAL AND RELATED FINANCING ACTIVITIES (2,918,759) (4,745,918) CASH FLOWS FROM(USED IN) INVESTING ACTIVITIES: Interest earned on investments 33,496 41,445 Purchase of certificate of deposit - - Sale of certificate of deposit - 539,844 NET CASH PROVIDED BY(USED IN) INVESTING ACTIVITIES 33,496 581,289 NET INCREASE(DECREASE)IN CASH AND CASH EQUIVALENTS (223,918) 469,004 CASH AND CASH EQUIVALENTS- BEGINNING OF YEAR 16,304,908 15,835,904 CASH AND CASH EQUIVALENTS- END OF YEAR $ 16,080,990 $ 16,304,908 The accompanying notes are an integral part of this statement. 15J3 Page 7 of 55 2022 2021 RECONCILIATION OF OPERATING PROFIT TO NET CASH PROVIDED BY OPERATING ACTIVITIES: OPERATING PROFIT(LOSS) $ 1,169,536 $ 1,157,870 Adjustments to reconcile operating profit to net cash provided by operating activities: Depreciation(non cash) 2,534,093 2,525,470 Increase(decrease)in accrued compensated absences(non cash) 7,350 (3,439) (Increase)decrease in accts.receivable,net of bad debt expense (6,985) (94,862) (Increase)decrease in grant receivables - (15,850) (Increase)decrease in other receivables 49,901 (49,096) (Increase)decrease in inventory 111,785 33,122 (Increase)decrease in prepaid expenses - 1,200 Increase(decrease)in accounts and contracts payable (941,099) 972,895 Increase(decrease)in other accrued expenses (70,392) 32,057 Increase(decrease)in customer deposits 69,832 65,392 TOTAL ADJUSTMENTS 1,754,485 3,466,889 NET CASH PROVIDED BY OPERATING ACTIVITIES $ 2,924,021 $ 4,624,759 1 6 f 1 81 IMMOKALEE WATER& SEWER DISTRICT Page 8 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Immokalee Water& Sewer District(the "District")was created by Laws of Florida, (Section) Chapter 78-494 on July 5, 1978, under the provisions of Florida Statute, Chapter 153.53 and 189.031 for the purpose of providing water and sewer services to Immokalee, an unincorporated area of eastern Collier County, Florida. The District's enabling legislation was repealed, updated, reenacted, and codified by Laws of Florida, Chapter 98-495 on May 28, 1998. On July 1, 2005, Laws of Florida, Chapter 2005-298 amended Laws of Florida, Chapter 98-495 by expanding the District's boundaries. On June 10, 2015, Laws of Florida, Chapter 2015-205 amended Laws of Florida, Chapter 98-495 to provide for salaries/honorariums for elected District Board of Commissioner members up to $250 each per month. On June 20, 2021,Laws of Florida, Chapter 2021-263 amended Laws of Florida, Chapter 98-495 to allow Board member terms to be 4 years or until a successor is appointed by the Governor. Effective June 24, 2022,Laws of Florida 2022-258 amended, codified, reenacted and repealed the previously approved District's Laws of Florida. The District owns, operates, maintains and regulates its water and sewer plants and systems as an independent special district of the State of Florida. The District is governed by a seven(7)member Board of Commissioners appointed by the Governor of the State of Florida. The Board of Commissioners (the "Board") administer the District, independent from any other local governing body and serve staggered four(4)year terms. Reporting Entity Immokalee Water& Sewer District is financially independent of all other units of government. It is responsible for financing its own activities and the payment of its own debt. The Board of Commissioners(the "Board")has the responsibility to employ management that is responsible for the day-to-day operations of the District. The Board has absolute authority over all funds included in the entity. Immokalee Water& Sewer District is not a component unit of any other governmental unit. i6I 1 B1 IMMOKALEE WATER& SEWER DISTRICT Page 9 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Reporting Entity,continued The District adheres to Statement of Governmental Accounting Standards Board (GASB) Statement No. 14, "Financial Reporting Entity", as amended by GASB Statement Number 39, "Determining Whether Certain Organizations Are Component Units" and GASB Statement No. 61, "The Financial Reporting Entity: Omnibus -An Amendment of GASB Statements No. 14 and No. 34". These Statements require the financial statements of the District(the primary government)to include its component units, if any. A component unit is a legally separate agency for which the primary government is financially accountable or organizations whose exclusion would cause the financial statements to be misleading because of the nature and significance of their relationship with the primary government. Financial accountability is determined by the primary government's ability to appoint the voting majority of the District's board, impose its will on the organization,the existence of a financial benefit/burden relationship or fiscal dependency. Based on this criteria,there are no component units included or required to be included in the District's financial statements. The Immokalee Water& Sewer District adheres to the requirements of Governmental Accounting Standards Board Statement Number 33 "Accounting and Financial Reporting for Non-Exchange Transactions." As such, capital related grant revenue is recorded as non-operating revenue and is reflected on the Statements of Revenues,Expenses and Changes in Net Position. The following is a summary of the significant accounting polices used in the preparation of these financial statements: The District adheres to the requirements of Governmental Accounting Standards Board Statement Number 34, "Basic Financial Statement and Management's Discussion and Analysis for State and Local Governments" (GASB 34). The government-wide financial statements along with the notes to the financial statements and the RSI, as noted below comprise the basic financial statements. The basic financial statements of the District are comprised of the following: - Government-wide financial statements -Notes to the financial statements -Required supplementary information other than MD&A 1 6 I 1 B1 IMMOKALEE WATER& SEWER DISTRICT Page 10 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Government-Wide Financial Statements The government-wide financial statements(i.e.,the Statements of Net Position, the Statements of Revenues, Expenses and Changes in Net Position and Statements of Cash Flows)report information on all of the activities of the District and do not emphasize fund types. These business-type activities comprise the primary government. Business-type activities rely on user fees and charges to support its activities rather than taxes and intergovernmental revenues. The purpose of the government-wide financial statements is to allow the user to be able to determine if the District is in a better or worse financial position than the prior year. The District uses only one fund. Government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Under the accrual basis of accounting, revenues, expenses, gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Revenues, expenses, gains, losses, assets, and liabilities resulting from nonexchange transactions are recognized in accordance with the requirements of GASB Statement Number 33 "Accounting and Financial Reporting for Nonexchange Transactions." Amounts paid to acquire capital assets are capitalized as assets in the government-wide financial statements,rather than reported as expenditures. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as other financing sources. Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability in the government-wide financial statements, rather than as expenditures. The Statements of Revenues,Expenses and Changes in Net Position demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers or applicants who purchase, use or directly benefit from goods, services, or privileges provided by a given function and 2) grants and contributions that are restricted to meeting the operational or capital improvements of a particular function. 161 1 B1 IMMOKALEE WATER& SEWER DISTRICT Page 11 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Government-Wide Financial Statements, continued Operating revenues are considered to be revenues generated by services performed and/or by fees charged such as water and sewer usage, connection, inspection fees and flow testing. Budgetary Information As required,the District uses only one fund to account for its activities and,therefore, it is considered a major fund. The District has elected to report budgetary comparison of its major fund as required supplementary information (RSI). Fund Accounting The District's financial practices are based upon fund accounting concepts. A fund is defined as a fiscal and accounting entity with a self-balancing set of accounts, recording cash and other financial resources,together with all related liabilities and net assets (fund equity balances) and changes therein. The accompanying financial statements reflect Business - Type Activities and are classified as a single Proprietary Fund Type - Enterprise Fund. This fund accounts for the cost of services provided by the District as well as the revenues earned by the District. Business - Type Activities - Proprietary Fund Type Enterprise Fund - An enterprise fund is used to account for operations (1)that are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or(2)where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. 1 6 I 1 B1 IMMOKALEE WATER& SEWER DISTRICT Page 12 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Measurement Focus Proprietary funds are accounted for on a flow of economic resources measurement focus. With this measurement focus, assets and liabilities associated with the operation of these funds are included on the statements of net position. Proprietary fund-type operating statements present increases (i.e. revenues) and decreases (i.e. expenses) in total net position. Operating revenues and expenses result from providing water distribution as well as wastewater collection and treatment to members within the District's boundaries. Generally, other revenues and expenses are treated as non-operating revenues and expenses. When both restricted and unrestricted resources are available for use, it is the District's policy to use restricted resources first,then unrestricted resources as they are needed. Basis of Accounting The proprietary fund type is presented on the accrual basis of accounting. Under the accrual basis of accounting, revenues are recorded in the period earned and expenses are recorded in the period the liability is incurred. Budgetary Process The District operates under a fixed budget for control purposes. The budget and amendments, if any, are approved by the Board of Commissioners. The budget is prepared on a Non-GAAP accrual basis,whereby items such as capital expenditures and debt principal payments are budgeted as expenses. The annual budget serves as the legal authorization for expenditures. Expenditures cannot legally exceed the total amount budgeted. All budget amendments,which change the legally adopted total appropriation, are approved by the Board. The District follows these procedures in establishing budgetary data. 1. During the summer of each year, management submits to the Board of Commissioners a proposed operating budget for the fiscal year commencing on October 1. The operating budget includes proposed expenditures and the means of financing them. i 6 1 1 B 1 IMMOKALEE WATER& SEWER DISTRICT Page 13 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,CONTINUED Budgetary Process, continued 2. Public hearings are conducted to obtain citizen comments. 3. The budget is adopted by approval of the Board of Commissioners. 4. Budget amounts, as shown in these financial statements, are as originally adopted or as amended by the Board of Commissioners. 5. The budget is adopted on a basis consistent with accounting principles generally accepted in the United States of America, except as reflected in the supplementary information and as noted above. 6. The level of control for appropriations is exercised at the fund level. 7. Appropriations lapse at year-end. The Board of Commissioners did amend the budget during the fiscal year ended September 30, 2022 to increase total budgeted net revenue by $6,470,647 and an increase in budgeted expenses (including net non-operating revenue and expense)by $6,470,647. Cash For the purpose of the Statements of Cash Flows,the District considers all highly liquid investments, including both unrestricted and restricted,with a maturity of three months or less,when purchased,to be a cash equivalent, in accordance with District policy. Accounts Receivable/Allowance for Doubtful Accounts Receivables include user fees for water and wastewater services provided as part of the operations by the District. The accounts receivable are recorded net of the estimated allowance for doubtful accounts. The District operates using an allowance and collection policy that ultimately provides for discontinuance of water service due to nonpayment by the user. The policy also provides for application of the respective user's security deposit upon certain criteria. Additionally,the policy requires a user landlord to satisfy any outstanding user fees (tenant)prior to allowing services to a future tenant for that landlord. 1 6 I 1 Bi IMMOKALEE WATER& SEWER DISTRICT Page 14 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Inventory Inventory consists of utility system parts and hardware supplies at year end. The inventories are valued at cost, which approximates net realizable value. The method used to determine the value of the inventory is the FIFO (first in-first out) method. Capital Assets and Depreciation Capital assets acquired by proprietary funds are reported in those funds at historical cost or estimated historical cost if actual historical cost is not available. Donated assets are reported at estimated fair market value at the time received. Certain infrastructure-type fixed assets consisting of certain improvements such as roads, curbs, gutters and lighting systems have not been capitalized, as the District does not generally incur such expenditures. However, the systems' distribution and collection lines and pumps are capitalized and depreciated as part of the overall system. Assets acquired with a cost or fair value of$5,000 or more and a useful life of 1 year or more are capitalized. Maintenance, repairs and minor renovations are not capitalized. The acquisition of land and construction projects utilizing resources received from Federal and State agencies are capitalized when the related expenditure is incurred. The capital assets are depreciated using the straight-line method of depreciation over the following estimated useful lives: Asset Years Buildings/Plant and Plant Equipment 10-40 Capital Improvements, Distribution Lines 5-40 Furniture, Fixtures and Equipment 3-20 Vehicles 3-7 Restricted Assets These monies are restricted by the applicable debt covenants and grant agreements or as customer deposits. 161 1 Bi IMMOKALEE WATER& SEWER DISTRICT Page 15 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Vacation Leave Accumulated unpaid vacation pay is accrued when incurred in the proprietary fund. The method of accrual is in accordance with Statement of Governmental Accounting Standards Board Number 16, "Accounting for Compensated Absences" (GASB 16). This Standard provides for the measurement of accrued vacation leave using the pay or salary rates in effect at the balance sheet date. It also requires additional amounts to be accrued for certain salary related payments associated with the payment of compensated absences such as FICA and retirement benefits only. Accrued unused vacation is accrued and paid at termination. Accrued unused sick time is not paid at termination. Encumbrances Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation, is not employed by the District because at present it is not considered necessary to assure budgetary control or to facilitate effective cash planning and control. Membership (Connection) Fees Water(connection) service installation fees are dedicated for the system expansion and are treated as contributed capital but recognized as revenue when received (due to the District) by the District. Income Taxes The District, as a governmental unit, is exempt from income taxes under current provisions of the Internal Revenue Code and Florida State Law. Fund Equity Grants, entitlements or shared revenues which are externally restricted for capital acquisition or construction are treated as contributed capital but recorded as revenue when due to the District. Contributed or donated fixed assets are also treated as contributed capital but recorded as revenue when due the District. Reserved retained earnings represent those portions of fund equity legally restricted by debt covenants for current and future debt service. 161 1 B1 IMMOKALEE WATER& SEWER DISTRICT Page 16 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Use of Estimates The preparation of basic financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Reclassifications Certain amounts in the financial statements have been reclassified to conform with the current year presentation. These reclassifications had no effect on the results of operations or net assets. Subsequent Events Subsequent events have been evaluated through April 18, 2023,which is the date the basic financial statements were available to be issued. Application of FASB Pronouncements to Proprietary Funds In accordance with Governmental Accounting Standards Board (GASB) Statement No. 20, "Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities That Use Proprietary Fund Accounting",the District has elected not to apply those FASB Statements and Interpretations issued after November 30, 1989. Only GASB pronouncements issued after this date will be adopted by the District. Accounting Pronouncement GASB Statement No. 42 The District adheres to Government Accounting Standards Board Statement No. 42, "Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries" (GASB Statement No. 42). GASB Statement No. 42 establishes accounting and financial reporting standards for impairment of capital assets. 161 1 Q1 IMMOKALEE WATER& SEWER DISTRICT Page 17 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE A- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Accounting Pronouncement GASB Statement No. 42, continued A capital asset is considered impaired when its service utility has declined significantly and unexpectedly. Governments are required to evaluate prominent events or changes in circumstances affecting capital assets to determine whether impairment of a capital asset has occurred. Such events or changes in circumstances that may be indicative of impairment include evidence of physical damage, enactment or approval of laws or regulations or other changes in environmental factors, technological changes or evidence of obsolescence, changes in the manner or duration of a capital asset, and construction stoppage. A capital asset generally should be considered impaired if both (a)the decline in service utility of the capital asset is large in magnitude and (b)the event or change in circumstance is outside the normal life cycle of the capital asset. The District incurred no capital asset impairment activity for the years ended September 30, 2022 and 2021. New Accounting Standard During fiscal year ended September 30, 2022, the District adopted GASB Statement 87 - Leases. This Statement required the recognition of certain lease assets and liabilities in the Statements of Net Position for leases that previously were classified as operating leases. The District determined their current operating lease agreements to be immaterial, therefore there was no effect from GASB Statement 87 at September 30, 2022. NOTE B- CASH AND INVESTMENTS At September 30, 2022 and 2021, cash and cash equivalents (including both restricted and unrestricted cash and cash equivalents)were $16,080,990 and $16,304,908 respectively, including unrestricted cash on hand of$3,400 and $3,400, respectively. Deposits The District's deposit policy allows deposits to be held in demand deposits, savings accounts, certificates of deposit, direct obligations of the U.S. Treasury, Local Government Surplus Trust Funds, direct obligations of Federal agencies and 1 61 1 Bi IMMOKALEE WATER& SEWER DISTRICT Page 18 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE B- CASH AND INVESTMENTS, CONTINUED Deposits, continued instrumentalities and money market accounts. All cash deposits are held in qualified public depositories pursuant to Florida Statutes Chapter 280, "Florida Security for Public Deposits Act." Insured/ Bank Carrying Collateralized Balance Amount September 30, 2022 Unrestricted Depository accounts $ 2,910,635 $ 2,910,635 $ 2,839,567 Money market 9,563,386 9,563,386 9,563,386 12,474,021 12,474,021 12,402,953 Restricted Depository accounts 1,566,498 1,566,498 1,566,498 Money market 2,216,332 2,216,332 2,108,139 3,782,830 3,782,830 3,674,637 $ 16,256,851 $ 16,256,851 $ 16,077,590 September 30, 2021 Unrestricted Depository accounts $ 2,135,484 $ 2,135,484 $ 2,115,320 Money market 9,533,665 9,533,665 9,533,665 11,669,149 11,669,149 11,648,985 Restricted Depository accounts 1,495,355 1,495,355 1,495,355 Money market 3,157,168 3,157,168 3,157,168 4,652,523 4,652,523 4,652,523 $ 16,321,672 $ 16,321,672 $ 16,301,508 Unrestricted and Restricted Deposits The District's deposits were categorized to give an indication of the level of risk assumed by the District at year-end. All deposits were fully insured by Federal Depository Insurance or collateral pursuant to the Public Depository Act(Florida Statute 280). As such, the District resolved to abide by Florida Statute 218.415(17). 1611 B1 IMMOKALEE WATER& SEWER DISTRICT Page 19 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE B - CASH AND INVESTMENTS, CONTINUED Restricted Deposits Restricted deposits are required by the District's outstanding debt agreements as well as grant and other agreements. Restricted deposits also include customer deposits. Restricted deposits (carrying amounts) consist of the following at September 30: 2022 2021 Construction account $ 66,698 $ 50,805 Bond sinking fund reserve 1,141,057 2,238,746 Department of Environmental Protection- Deep Well Injection Reserve 240,965 240,216 Customer deposits 1,563,998 1,492,855 Loan debt service 66,475 114,836 Special assessment-ArrowHead 519,213 464,012 Special assessment-SR 29 76,231 51,053 $ 3,674,637 $ 4,652,523 Investments Florida Statutes and the District's investment policy authorize investments in certificates of deposit (CD's). Certificates of deposit whose values exceed the amount of the Federal Depository Insurance are collateralized pursuant to the Public Depository Security Act of the State of Florida. The District had $637,219 and $614,037 (bank and book balance) invested in certificates of deposit at September 30, 2022 and 2021, respectively. The CDs carried interest rates of 2.96%at September 30, 2022. The CDs mature on June 13, 2024. NOTE C - ACCOUNTS RECEIVABLE, NET Accounts receivable, net, consist of the following at September 30: 2022 2021 Customer receivables(water/sewer) $ 812,634 $ 805,649 Less allowance for doubtful accounts (81,244) (69,743) Net receivables $ 731,390 $ 735,906 Bad debt expense was $11,501 and $0 for the years ended September 30, 2022 and 2021, respectively. 611 B1 IMMOKALEE WATER& SEWER DISTRICT Page 20 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE D - GRANT AND ASSESSMENT RECEIVABLES Grant and assessment receivables consisted of the following at September 30: 2022 2021 Grant receivable $ 156,083 $ 15,850 Special Assessments 980,874 1,058,790 $ 1,136,957 $ 1,074,640 The District levied a special assessment of$1,060,900 on system users benefiting from the system improvements (ArrowHead) funded by the $4,932,000 Series 2013 Revenue Bonds during the year ended September 30, 2014. The assessment collections are restricted to principal reduction of the Series 2013 Revenue Bonds. The assessment was initially levied through the Collier County Tax Collector on November 1, 2013. The assessment is a one time assessment payable in full or over 20 years by the affected system users. The special assessment had the following activity for the years ended September 30: 2022 2021 Balance, beginning of year $ 636,953 $ 690,330 Assessment levied - - Collections (53,464) (53,377) Balance, end of year $ 583,489 $ 636,953 The District levied a special assessment of$496,731 on system users benefiting from system improvements on State Road 29 during the year ended September 30, 2019. The assessment was initially levied through the Collier County Tax Collector on November 1, 2018. The assessment is a one time assessment payable in full or over 20 years by the affected system users. The special assessment had the following activity for the years ended September 30: 2022 2021 Balance, beginning of year $ 421,837 $ 446,743 Assessment levied - - Collections (24,452) (24,906) Balance, end of year $ 397,385 $ 421,837 1611 B1 IMMOKALEE WATER& SEWER DISTRICT Page 21 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE E - CAPITAL ASSET ACTIVITY The following is a summary of changes in capital asset activity for the year ended September 30, 2022: Balance Balance October 1 Adjustments/ September 30 2021 Additions Retirements Reclassifications 2022 Capital Assets Not Being Depreciated: Land $ 2,645,941 $ - $ - $ - $ 2,645,941 Construction in Progress 1,820,071 2,093,981 - (320,369) 3,593,683 Total Capital Assets Not Being Depreciated 4,466,012 2,093,981 - (320,369) 6,239,624 Capital Assets Being Depreciated: Buildings&Improvements 1,670,776 6,995 - - 1,677,771 Water and Wastewater Plant and Systems 88,725,161 799,328 (1,331) 320,369 89,843,527 Machinery&Equipment 3,587,242 66,309 (28,693) - 3,624,858 Total Capital Assets Being Depreciated 93,983,179 872,632 (30,024) 320,369 95,146,156 Less Accumulated Depreciation: Buildings&Improvements (951,295) (43,305) - - (994,600) Plant and Systems (37,979,377) (2,315,117) 27,389 - (40,267,105) Machinery&Equipment (1,679,218) (175,671) 1,331 - (1,853,558) Total Accumulated Depreciation (40,609,890) (2,534,093) 28,720 - (43,115,263) Capital Assets,Net $ 57,839,301 $ 432,520 $ (1,304) $ - 58,270,517 Related debt (31,009,583) Net Investment in Capital Assets $ 27,260,934 1611 BI IMMOKALEE WATER& SEWER DISTRICT Page 22 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE E - CAPITAL ASSET ACTIVITY, CONTINUED The depreciation expense for the years ended September 30, 2022 and 2021 was $2,534,093 and $2,525,470 , respectively. During the years ended September 30, 2022 and 2021,the District continued construction on its system-wide improvements. During the year ended September 30, 2018, the District early implemented GASB Statement No. 89, "Accounting for Interest Cost Incurred Before the End of a Construction Period". The implementation of the pronouncement requires the interest cost incurred before the end of a construction period be recognized as an expense in the period in which the cost is incurred for financial statement prepared using the economic resources measurement focus. As a result, no interest costs were capitalized on the project for fiscal years ended September 30, 2022 and 2021. During the year ended September 30, 2021,the District, however, settled a dispute related to system improvements. As such, the District agreed to settle with the vendor plus $155,297 in interest. The District expensed this cost. NOTE F- RETIREMENT PLANS Plan Description and Provisions Section 401(a)Plan The District historically offered all its employees the opportunity to participate in an individual government employer-sponsored defined contribution 414(h)Money Purchase Pick-Up Retirement Plan and Trust(the "Plan"). Effective January 1, 2009, the District restated its retirement plan. As such,the restated plan qualifies as a 401(a)Money Purchase defined contribution plan. The Plan is administered by a third party administrator. The employer funds substantially all the administrative costs of the Plan. The Plan allows all employees to participate after three (3)months creditable employment. Employees who elect to participate must contribute three (3%)percent of their gross wages, excluding overtime compensation, up to $3,000. If the employee desires to defer more than $3,000 they can defer those amounts into the available IRC Section 457 Plan. The employer is required to contribute six(6%) percent of the respective participating employees' gross wages, excluding overtime compensation. Employer contributions into the 401(a)Plan are only required for those participating employees who contribute three (3%) of their gross wages, as defined. During the years ended September 30, 2022, 2021, and 2020,the District contributed 100%of its required contributions. 1611 81 IMMOKALEE WATER& SEWER DISTRICT Page 23 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE F- RETIREMENT PLANS, CONTINUED Plan Description and Provisions, continued Section 401(a) Plan The District's gross contributions (employer portion)to the Plan for the years ended September 30, 2022, 2021 and 2020 were $156,771, $148,649 and $157,046 respectively. Employee contributions to the Plan were $85,337, $82,610 and $78,363, respectively for the years ended September 30, 2022, 2021, and 2020, respectively. There were no forfeitures used to reduce employer contributions. Benefits available are limited to the value of the respective employee's individual account. Individuals direct the investment of their individual account. Benefits vest at a rate of twenty (20%)percent per year of creditable service and vest in full after five years of creditable service. A creditable year of service is defined as a year in which an eligible participant completes 1,000 hours of service. Employees immediately vest in their contributions. Normal retirement shall be considered to be attainment of age 55 and completion of five (5) creditable years of service. Employees who fail to complete five (5)years creditable service vest in their respective accounts at twenty (20%)percent per completed year of creditable service. The Plan requires retirement at April 1 following the date the participant reaches age 70 1/2. The Plan provides that forfeitures of employer contributions by non-vested terminated employees are to be used to offset future employer contributions. Therefore, employer contributions made to employee accounts who fail to complete the respective year revert back to the employer. Benefits available to the employee from the Plan are those generated from the respective employees account. The employees account may lose principal. The District has no liability for losses, if any, incurred by the plan. Loans to participants are permitted from the participant's specific account. Participants should refer to the complete plan document for specific detail of the Plan. Section 457 Plan Effective November 1, 2012, the District approved a resolution to establish a Deferred Compensation Plan to be made available to all eligible District employees pursuant to Section 457 of the Internal Revenue Code (IRC). The Plan is administered by a third party administrator. The employer funds substantially all administrative costs of the Plan. All contributions made to the Plan are voluntary deductions from employees'wages, with no contributions to the Plan made by the District. Employees are eligible to participate after 3 months employment and attainment of age 18. Deferral amounts are limited per IRS Code Section 457(e)(15). For the year ended September 30, 2022 the deferral limit to the Plan was $20,500. Employees are immediately vested in their salary deferral amounts. 1611 f31 IMMOKALEE WATER& SEWER DISTRICT Page 24 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE G- REVENUE BONDS PAYABLE The following is a summary of the District's revenue bonds payable for the years ended September 30: Amount Balances-September 30,2020 $ 31,080,969 Principal retired (769,000) Bonds issued Balances-September 30,2021 30,311,969 Principal retired (10,549,969) Bonds issued 10,514,000 Balances-September 30,2022 30,276,000 Issuance premium-unamortized 279,838 $ 30,555,838 Revenue Bonds payable is comprised of the following at September 30: 2022 2021 $635,000 Series 1985,Water and Sewer Revenue Bonds,issued May 1987,through USDA Rural Development. Principal is payable annually beginning September 1, 1989 through September 1,2026; interest payable annually at the rate of 5%;collateralized by the gross operating revenues of the system and assessments levied on the lands benefited by the system. $ - $ 137,969 $3,750,000 Series 1989,Water and Sewer Revenue Bonds,issued October 1991,through USDA Rural Development. Principal is payable annually beginning September 1, 1994 through September 1,2031;interest payable annually at the rate of 5%;collateralized by the gross operating revenues of the system and assessments levied on the lands benefited by the system. - 1,716,000 $250,000 Series 1990,Water and Sewer Revenue Bonds,issued October 1991,through USDA Rural Development. Principal is payable annually beginning September 1, 1994 through September 1,2031; interest payable annually at the rate of 5%;collateralized by the gross operating revenues of the system and assessments levied on the lands benefited by the system. - 114,000 1 J iRl IMMOKALEE WATER& SEWER DISTRICT Page 25 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE G - REVENUE BONDS PAYABLE, CONTINUED 2022 2021 $4,313,200 Series 1996,Water and Sewer Revenue Bonds,issued August 1996,through USDA Rural Development. Principal is payable annually beginning September 1, 1998 through September 1,2035; interest payable annually at the rate of 5.125%;collateralized by the gross operating revenues of the system and assessments levied on the lands benefited by the system. - 2,551,000 $802,000 Series 1998,Water and Sewer Revenue Bonds,issued October 1998,through USDA Rural Development. Principal is payable annually beginning September 1,2001 through September 1,2038; interest payable annually at the rate of 4.5%;collateralized by the gross operating revenues of the system and assessments levied on the lands benefited by the system. - 521,000 $2,252,000 Series 2001,Water and Sewer Refunding Bonds,issued December 2001,through USDA Rural Development. Principal is payable annually beginning September 1,2004 through September 1,2041;interest payable annually at the rate of 4.5%;collateralized by the gross operating revenues of the system and assessments levied on the lands benefited by the system. - 1,623,000 $3,366,200 Series 2008,Water and Sewer Revenue Bonds,issued March 28,2008 through USDA Rural Development. Principal is payable annually beginning September 1,2008 through September 1,2047;interest payable annually at the rate of 4.375%;collateralized by the gross operating revenues of the system and assessments levied on the lands benefited by the system. - 2,811,000 16i1 � a IMMOKALEE WATER& SEWER DISTRICT Page 26 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE G- REVENUE BONDS PAYABLE, CONTINUED 2022 2021 $4,932,000 Series 2013,Water and Sewer Revenue Bonds,issued March 1,2013,through USDA Rural Development. Principal and interest are payable annually beginning September 1,2016 through September 1,2052;interest payable annually at the rate of 2.5%;collateralized by the gross operating revenues of the system and a special assessment levied on the lands benefited by the system. 4,498,000 4,560,000 $17,134,000 Series 2018 A&B,Water and Sewer Revenue Bonds,issued May 3,2018,through USDA Rural Development. Interest only due September 1, 2018,then principal and interest are payable annually beginning September 1,2019 through September 1, 2057; interest payable annually at the rate of 2.25%; collateralized by the gross operating revenues of the system and a special assessments levied on the lands benefited by the system. 15,979,000 16,278,000 $9,570,000 Refunding Bonds Series 2022,issued May 12,2022 through US Bank to refund the Series 1989, 1996, 1998,2001 and 2008 USDA Rural Development Bonds.Principal is payable annually beginning September 1,2022 and semi-annual interest payable each March 1 and September 1,beginning September 1,2022 through September 1,2042; interest payable at the rate of 4%;collateralized by the gross operating revenues of the system. 8,855,000 $944,000 Series 2022,Water and Sewer Revenue Bonds,issued June 25,2022,through USDA Rural Development. Interest only due September 1,2022, then principal and interest are payable annually beginning September 1,2023 through September 1, 2042;interest payable annually at the rate of 2.00%; collateralized by the gross operating revenues of the system. These bonds were issued at a premium of 944,000 $280,761. 30,276,000 30,311,969 Less:Current portion(due in one year) (849,000) (798,000) Long-term portion 29,427,000 29,513,969 Plus:Unamortized premium on refunding 279,838 Balance,less current portion $ 29,706,838 $ 29,513,969 1611 131 IMMOKALEE WATER& SEWER DISTRICT Page 27 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE G- REVENUE BONDS PAYABLE, CONTINUED Bond Resolutions The bond resolutions established certain accounts and determined the order in which certain revenues are to be deposited into those accounts. In addition, there are various other covenants established by the respective bond official statements and District resolutions, including such items as debt service coverage, reporting requirements, and maintenance of facilities. The bond issues require certain sinking fund balances be maintained. At September 30,2022, the District had not fully funded the sinking fund cash account. The District, however, held sufficient cash at September 30, 2022 to fully fund the sinking fund. Once informed of the requirement to fund the sinking fund for future principal and interest,the District did fully fund the account. Management believes that it has complied, in all material respects, with these covenants. All Reserve balances at September 30, 2022 and 2021, are reflected as restricted deposits within these financial statements. A summary of revenue bond debt service requirements to maturity is as follows September 30: Years Ending 4 September 30 Principal Interest Total 2023 $ 849,000 $ 826,178 $ 1,675,178 2024 889,147 817,569 1,706,716 2025 919,473 788,773 1,708,246 2026 948,805 758,938 1,707,743 2027 984,144 728,089 1,712,233 2028-2032 5,213,054 3,136,010 8,349,064 2033-2037 5,695,622 2,238,624 7,934,246 2038-2042 4,238,195 1,551,014 5,789,209 2043-2047 3,330,880 1,049,757 4,380,637 2048-2052 3,781,792 647,065 4,428,857 2053-2057 3,260,060 239,018 3,499,078 2058-2062 165,828 10,175 176,003 30,276,000 12,791,210 43,067,210 Premium 279,838 - 279,838 $ 30,555,838 $ 12,791,210 $ 43,347,048 Revenue bond debt interest expense was $904,824 and $957,219 for the years ended September 30, 2022 and 2021, respectively. No revenue bond debt interest expense was capitalized in either year. 1611 131 IMMOKALEE WATER& SEWER DISTRICT Page 28 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE G - REVENUE BONDS PAYABLE, CONTINUED Debt Refunding On May 12, 2022,the District issued Refunding Revenue Bonds, Series 2022, through a commercial bank loan/bond in the amount of$9,570,000 at a fixed interest rate of 4%requiring principal payments annually through September 1, 2042. Proceeds of the bond were used to refund the following outstanding bond agreements: Principal Balance at Refunding Date Interest Rate Maturity Date Bond Series 1989 $ 1,716,000 5.00% September 1, 2031 Bond Series 1996 2,551,000 5.125% September 1, 2035 Bond Series 1998 521,000 4.50% September 1, 2038 Bond Series 2001 1,623,000 4.50% September 1, 2041 Bond Series 2008 2,811,000 4.375% September 1, 2047 $ 9,222,000 The refunding resulted in a reduction of future debt service payments by approximately $972,718 and obtained an economic gain of$764,142. The $9,570,000 Series 2022 refunding bonds were issued at a premium of $280,761. During the year ended September 30, 2022, the premium of$280,761 was amortized in the amount of $923 and included interest expense at September 30, 2022. The net premium was $279,838. -i 61 1 B i IMMOKALEE WATER& SEWER DISTRICT Page 29 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE H- LOANS PAYABLE - SRF The following is a summary of the District's loans payable activity for the year ended September 30: DEP.SRF DEP.SRF D W 110120 D W 110121 Total Balance-September 30,2020 $ 258,684 $ 204,275 $ 462,959 Principal retired (20,771) (16,409) (37,180) Balance-September 30,2021 237,913 187,866 425,779 Principal retired (21,014) (16,812) (37,826) Balance-September 30,2022 $ 216,899 $ 171,054 $ 387,953 The loans payable - SRF activity for the year ended September 30 is as follows: 2022 2021 $419,681 loan payable representing 15%of a grant/loan payable to Florida Department of Environmental Protection.The maximum amount of the loan is $2,735,112,in which the FDEP has forgiven$2,324,845 of the note. The loan also required the District to capitalize interest of$9,414 during the year ended September 30,2011. Interest accrues at 2.71%.Principal and interest is payable in forty(40)semi-annual payments of$13,660 in May and November beginning November 15,2011. Final payment due May 2031.The loan is collateralized by the gross operating revenues of the system and assessments levied on the lands benefited by the system. $ 216,899 $ 237,913 $335,504 loan payable to Florida Department of Environmental Protection. The loan requires forty(40)semi-annual payments of$10,637 in November and May beginning November 15,2011.The loan required the District to capitalize interest of$7,346 during the year ended September 30,2011. Final payment date May 2031. Interest accrues at 2.43%. The loan is collateralized by the gross operating revenues of the system and assessments levied on the lands benefited by the system. 171,054 187,866 Total loans payable 387,953 425,779 Less current portion: (38,810) (37,825) $ 349,143 $ 387,954 1611 C31 IMMOKALEE WATER& SEWER DISTRICT Page 30 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE H - LOANS PAYABLE - SRF, CONTINUED Years Ending September 30 Principal Interest Total 2023 $ 38,810 $ 9,785 $ 48,595 2024 39,820 8,775 48,595 2025 40,856 7,739 48,595 2026 41,919 6,676 48,595 2027 43,011 5,584 48,595 2028-2031 183,537 10,844 194,381 $ 387,953 $ 49,403 $ 437,356 Loans payable - SRF related interest expense was $10,770 and $11,038 for the years ended September 30, 2022 and 2021, respectively. No loan interest costs were capitalized in either year. NOTE I - CAPITAL LEASE On October 31, 2018,the District entered into a sixty (60) month, 0% interest capital lease agreement, for the lease of eight(8)vehicles, in the amount of $219,307. Monthly payments are $3,655 plus monthly maintenance fees. Payments began in April, 2019 with final payment due in March 2024. The lease agreement is collateralized by the respective eight(8)vehicles. The following is a summary of the District's capital lease payable for the years ended September 30: Amount Balances-September 30,2020 $ 153,515 Proceeds - Principal payments (43,861) Balances-September 30,2021 109,654 Proceeds - Principal payments (43,862) Balances-September 30,2022 $ 65,792 The cost of capital assets under lease was $219,307 at September 30, 2022. The accumulated depreciation was $153,514 and the current year depreciation expense was $43,861 on those capital assets. 1611 61 IMMOKALEE WATER& SEWER DISTRICT Page 31 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE I - CAPITAL LEASE, CONTINUED A summary of capital lease debt service requirements to maturity is as follows at September 30: Years Ending September 30 Principal Interest Total 2023 $ 43,861 $ - $ 43,861 2024 21,931 - 21,931 $ 65,792 $ - $ 65,792 Interest expense related to the capital lease was $0 and $0 for the years ended September 30, 2022 and 2021, respectively. NOTE J- LINE OF CREDIT On October 15, 2018, the District renewed an agreement with a financial institution to establish an uncollateralized $1 million revolving Line of Credit(LOC)to be used for emergency situations. The LOC is available, although the District had not borrowed any funds from the LOC for the years ended September 30, 2022 or 2021. The LOC required interest paid quarterly and principal at maturity. Interest accrues at Prime Rate plus .50%with a floor rate of 3.75%. The LOC was due in full on October 15, 2022 and was not renewed. Interest rate at September 30, 2022 was 6.75%. NOTE K- BOND ANTICIPATION NOTE On May 4, 2020 the District entered into a Bond Anticipation Note (BAN) with a financial institution to provide interim construction financing for improvements to water facilities, clarifier project, in the amount of$944,000. Interest payable at 2.15% is due every six months. The BAN requires accrued interest and principal payable every six (6) months and upon maturity. The note is collateralized by a commitment from the USDA Rural Development Program. At September 30, 2022 and 2021,the BAN payable balance was $0 and $53,501, respectively. Interest expense for the years ended September 30, 2022 and 2021 was $7,539 and $1,354 and no loan interest costs were capitalized. Upon completion of the related construction project,the BAN was replaced by permanent financing from USDA by the $944,000 Series 2022, Water and Sewer Revenue Bonds. 1611 1 IMMOKALEE WATER& SEWER DISTRICT Page 32 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE L - ACCRUED COMPENSATED ABSENCES Employees of the District are entitled to paid vacation based on length of service and job classification at termination. Unused accrued sick time is not paid at termination. Accrued compensated absences had the following activity for the year ended September 30: Amount Accrued compensated absences, September 30, 2020 $ 169,984 Net decrease (3,439) Accrued compensated absences, September 30,2021 166,545 Net increase 7,350 Accrued compensated absences, September 30, 2022 $ 173,895 NOTE M-CONTINGENCIES Litigation The District, from time to time, is involved as a defendant or a plaintiff in certain litigation and claims arising in the ordinary course of operations. As such,the District maintains third party insurance coverages. In the opinion of legal counsel, the range of potential recoveries or liabilities will not materially affect the financial position of the District. The District intends to vigorously defend all claims unless first settled. Potential losses, if any, may be recoverable through insurance coverages. Federal Grants Grant monies received by the District are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the District does not believe that such disallowances, if any, would have a material effect on the financial position of the District. The operations of the District are dependent upon the condition of the District's facilities. These facilities are currently being rehabilitated and improved substantially through the receipt of federal funding. Loss or reduction of such funding would have a material effect on the operations of the District. 1 6 1 1 el IMMOKALEE WATER& SEWER DISTRICT Page 33 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE N - NET POSITION (NET ASSETS) Restricted net assets consist of the following at September 30: 2022 2021 Restricted assets $ 4,811,594 $ 5,727,163 Less: liabilities payable from restricted cash (2,648,407) (2,479,446) $ 2,163,187 $ 3,247,717 Unrestricted net assets consist of the following at September 30: 2022 2021 Designated for emergencies $ 941,631 $ 941,631 Designated for operations 3,982,093 3,813,925 Designated for vehicle replacement 607,483 607,483 Designated for capital equipment 1,000,000 1,000,000 Designated for future capital projects 3,523,000 - Designated for maint.reserve-wastewater 1,000,000 3,569,382 Designated for maint.reserve-water 500,000 812,240 Total Designated 11,554,207 10,744,661 Undesignated 2,236,708 1,379,180 Total unrestricted net assets $ 13,790,915 $ 12,123,841 NOTE O - RISK MANAGEMENT The District is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; injuries to employees, and natural disasters. Insurance programs for general/professional liability, automobile, and property are through commercial insurance. The District retains the risk of loss, on insured claims, up to a deductible amount(ranging from 0%to 5%of total insured value depending on the type of loss)with the risk of loss in excess of this amount transferred to the insurance carrier. Limits of general liability are $1,000,000 per occurrence. The District is third party insured for employee health as well as workers' compensation. 1 6 1 1 B 1 IMMOKALEE WATER& SEWER DISTRICT Page 34 of 55 NOTES TO THE FINANCIAL STATEMENTS September 30,2022 and 2021 NOTE P - COMMITMENT On July 23, 2019, the USDA obligated funds to the District for a $2,760,236 Clarifier Rehabilitation Project to be funded with a $944,000 (loan#28) Series 2022 Water and Sewer Revenue bonds and a $765,000 (grant#29) grant. The remaining funds will be provided by the District. The project began in June 2020 and is estimated to be completed in May 2023. As of September 30, 2022, $2,746,647 was expended for this project. In May, 2022,the District began a Clay Sewer Pipe Restoration Project to be funded with District reserves. The project is estimated to be completed in June 2023 and has an estimated total budget of$1,655,200. As of September 30, 2022, $706,673 was expended for this project. 1611 91 REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A 161 1 BI IMMOKALEE WATER& SEWER DISTRICT Page 35 of 55 SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET (NON-GAAP BUDGETARY BASIS)AND ACTUAL WITH RECONCILIATION TO GAAP BASIS Year ended September 30,2022 Original Final Budget Budget Actual Variance OPERATING REVENUES Water service $ 4,376,541 $ 4,108,157 $ 4,108,228 $ 71 Wastewater service 6,212,743 5,983,043 5,983,159 116 Meter service charge 866,267 863,741 863,741 - Late fees 84,980 86,025 86,025 - Reconnect and transfer fees 108,163 106,230 106,230 - Miscellaneous charges,fees and other income 178,383 278,564 289,067 10,503 Cross connection control fee 377,351 374,527 374,532 5 TOTAL OPERATING REVENUES 12,204,428 11,800,287 11,810,982 10,695 OPERATING EXPENSES WATER TREATMENT Salaries and wages 299,094 274,569 274,569 - Overtime 9,827 11,005 11,005 - FICA 23,632 21,253 21,253 - Unemployment taxes 1,514 83 83 - Employer pension contribution 18,535 16,345 16,345 - Health/life insurance 63,814 72,581 72,581 - Workers'compensation 3,528 4,547 4,547 - Travel and training 8,000 9,876 9,876 - Telephone and fax 2,850 6,075 6,075 - Electric 172,000 223,623 k 223,623 - General liability insurance 10,135 10,135 10,135 - Comprehensive auto insurance 2,120 2,120 2,120 - Other insurance 37,791 38,736 38,736 - Repairs and maintenance 168,752 144,324 144,324 - Other contract services 24,000 29,866 29,866 - Vehicle fuel 11,633 15,317 15,317 - Vehicle maintenance 12,000 3,080 3,080 - Vehicle Lease - 22 22 - Office expense - 587 587 - Licenses and permits 5,790 4,075 4,075 - Chemicals 99,772 98,327 98,327 - Other materials 109,522 96,929 96,929 - Tools 2,285 1,675 1,675 - Safety and security - 5,473 5,473 - Laboratory fees 28,400 24,323 24,323 - Uniforms/clothing allowance 1,200 1,206 1,206 - Memberships/periodicals/books 1,150 550 550 - SUB-TOTAL WATER TREATMENT 1,117,344 1,116,702 1,116,702 - The accompanying notes are an integral part of this statement. 1611 6Z IMMOKALEE WATER& SEWER DISTRICT Page 36 of 55 SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET (NON-GAAP BUDGETARY BASIS)AND ACTUAL WITH RECONCILIATION TO GAAP BASIS, CONTINUED Year ended September 30,2022 Original Final Budget Budget Actual Variance WATER DISTRIBUTION Salaries and wages 600,376 580,203 580,203 - Overtime 47,246 30,250 30,250 - FICA 49,543 45,449 45,449 - Unemployment taxes 3,173 473 473 - Employer pension contribution 38,857 33,804 33,804 - Health/life insurance 194,453 242,546 242,546 - Workers'compensation 9,702 10,102 10,102 - Engineering services - 5,876 5,876 - Travel and training 20,000 23,452 23,452 - Telephone and fax 2,850 4,367 4,367 - Electric 2,400 - - - General liability insurance 11,481 11,481 11,481 - Comprehensive auto insurance 6,889 6,889 6,889 - Other insurance 1,857 1,612 1,612 - Repairs and maintenance 126,823 70,015 70,015 - Water meter&registers replacement - 236,713 236,713 - Other contract services 17,862 16,220 16,220 - Vehicle fuel 25,630 32,561 32,561 - Vehicle maintenance 19,137 14,470 14,470 - Vehicle Lease 8,019 284 284 - Licenses and permits 200 - - - Office expense - 20 20 - Other materials 220,585 104,922 104,664 258 Tools 12,664 12,154 12,154 - Safety and security - 8,010 8,010 - Uniforms/clothing allowance 3,000 2,579 2,579 - Memberships/periodicals/books 1,175 357 357 - SUB-TOTAL WATER DISTRIBUTION 1,423,922 1,494,809 1,494,551 258 SUB-TOTAL WATER PLANTS/DISTRIBUTION 2,541,266 2,611,511 2,611,253 258 The accompanying notes are an integral part of this statement. 1611 B1 IMMOKALEE WATER& SEWER DISTRICT Page 37 of 55 SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET (NON-GAAP BUDGETARY BASIS)AND ACTUAL WITH RECONCILIATION TO GAAP BASIS, CONTINUED Year ended September 30,2022 Original Final Budget Budget Actual Variance WASTEWATER TREATMENT Salaries and wages 577,859 586,004 586,004 - Overtime 47,246 33,143 33,143 - FICA 47,820 46,303 46,303 - Unemployment taxes 3,063 452 452 - Employer pension contribution 37,506 33,484 33,484 - Health/life insurance 141,719 166,658 166,658 - Workers'compensation 7,409 9,838 9,838 - Other professional services - 6,281 6,281 - Engineering services - 10,072 10,072 - Travel and training 16,000 13,097 13,097 - Telephone and fax 4,000 1,185 1,185 - Electric 230,000 212,201 208,936 3,265 Section 8 electric 5,000 2,770 2,770 - General liability insurance 20,383 20,383 20,383 - Comprehensive auto insurance 3,180 3,282 3,282 - Other insurance 129,785 129,730 129,730 - Repairs and maintenance 330,000 241,646 241,646 - Section 8 repairs 10,000 - - - Other contract services 250,000 167,775 167,775 - Vehicle fuel 9,500 12,266 12,266 - Vehicle maintenance 5,000 4,855 4 4,855 - Vehicle Lease 4,571 268 268 - Licenses and permits 7,000 21,899 21,899 - Chemicals 110,000 103,858 103,858 - Other materials 39,500 22,448 22,448 - Tools 1,500 4,889 4,889 - Safety&security - 7,676 7,676 - Laboratory fees 78,000 74,839 74,839 - Residuals management 215,000 207,101 207,101 - Uniforms/clothing allowance 2,400 1,752 1,752 - Memberships/periodicals/books 1,700 332 332 - SUB-TOTAL WASTEWATER TREATMENT 2,335,141 2,146,487 2,143,222 3,265 The accompanying notes are an integral part of this statement. 1611 61 IMMOKALEE WATER& SEWER DISTRICT Page 38 of 55 SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET(NON-GAAP BUDGETARY BASIS)AND ACTUAL WITH RECONCILIATION TO GAAP BASIS, CONTINUED Year ended September 30,2022 Original Final WASTEWATER COLLECTION Budget Budget Actual Variance Salaries and wages 370,960 . 367,472 367,472 - Overtime 35,697 40,341 40,341 FICA 31,109 30,557 30,557 Unemployment taxes 1,993 201 201 Employer pension contribution 24,398 21,761 21,761 - Health/life insurance 91,681 119,680 119,680 - Workers'compensation 4,410 6,395 6,395 - Engineering services - 32,971 32,971 - Travel and training 9,500 13,208 13,208 - Telephone and fax 3,800 3,411 3,411 - - Postage and shipping 38,000 - - Electric 51,473 51,473 - General liability insurance 12,990 12,990 12,990 - Comprehensive auto insurance 5,300 5,299 5,299 - Other insurance 6,944 7,081 7,081 - Repairs and maintenance 140,000 119,566 119,566 - Other contract services 12,000 8,345 8,345 - Vehicle fuel 10,200 14,579 14,579 - Vehicle maintenance 12,000 3,672 3,672 - Vehicle Lease 15,414 1,036 1,036 - Licenses and permits 500 - _ - Chemicals 16,000 14,962 14,962 - Other materials 41,000 34,886 38,157 (3,271) Tools 6,500 3,817 3,817 - Safety security - 4,478 4,478 - Uniforms/clothing allowance 1,500 1,189 1,189 - Memberships/periodicals/books 1,200 210 210 - SUB-TOTAL WASTEWATER COLLECTION 893,096 919,580 922,851 (3,271) The accompanying notes are an integral part of this statement. 1611 Bi IMMOKALEE WATER& SEWER DISTRICT Page 39 of 55 SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET (NON-GAAP BUDGETARY BASIS)AND ACTUAL WITH RECONCILIATION TO GAAP BASIS, CONTINUED Year ended September 30,2022 Original Final Budget Budget Actual Variance CUSTOMER SERVICE/ADMIN Salaries and wages 666,857 721,390 721,390 - Overtime 3,150 7,374 7,374 FICA 51,255 54,798 54,798 - Unemployment taxes 3,283 768 768 Employer pension contribution 40,200 38,908 38,908 Health/life insurance 158,115 175,051 175,051 - Workers'compensation 8,026 2,671 2,671 - Legal services 972,500 186,805 186,805 - Other professional services 171,000 122,016 122,016 - Accounting/auditing 60,000 38,090 38,090 - Engineering services 400,000 193,790 249,644 (55,854) Travel and training 25,000 24,143 24,143 - Telephone and fax 5,000 5,859 5,859 - Postage and freight 36,000 42,460 42,460 - General liability insurance 10,510 10,510 10,510 - Comprehensive auto insurance 530 530 530 - Other insurance 41,971 44,265 44,265 - Other contract services 50,000 78,750 78,750 - Repairs and maintenance 2,500 2,018 v 2,018 - Vehicle fuel 1,000 2,658 2,658 - Vehicle maintenance 250 193 193 - Vehicle Lease 4,106 838 838 - Office supplies 15,000 35,242 35,242 - Miscellaneous office expense 65,000 31,850 41,305 (9,455) Miscellaneous bank fees - 6,159 6,210 (51) Miscellaneous expense 9,000 78,066 (78,066) Arrowhead Assessment fees/discount 5,000 4,074 4,074 - Advertising 6,200 9,453 9,453 - Licenses and permits 250 175 175 - Safety&security - 2,771 2,771 - Tools - - Uniforms/clothing allowance 800 1,000 1,000 - Memberships/periodicals/books 13,000 7,984 7,984 - Hurricane Ian-Supplies - 9,629 9,621 8 SUB-TOTAL CUSTOMER SERVICE/ADMIN 2,825,503 1,862,222 2,005,640 (143,418) The accompanying notes are an integral part of this statement. 1611 a 1 IMMOKALEE WATER& SEWER DISTRICT Page 40 of 55 SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN NET POSITION-BUDGET (NON-GAAP BUDGETARY BASIS)AND ACTUAL WITH RECONCILIATION TO GAAP BASIS, CONTINUED Year ended September 30,2022 Original Final Budget Budget Actual Variance MAINTENANCE Salaries and wages 319,021 197,784 197,784 - Overtime 5,436 21,119 21,119 - FICA 24,821 16,119 16,119 - Unemployment taxes 1,590 157 157 - Employer pension contribution 19,467 12,469 12,469 - Health/life insurance 105,811 97,969 97,969 - Workers'compensation 4,410 3,932 3,932 - Travel and training 21,200 9,144 9,144 - Telephone and fax 2,300 4,504 4,504 - General liability insurance 7,734 7,734 7,734 - Comprehensive auto insurance 7,419 7,419 7,419 - Other insurance 2,119 2,336 2,336 - Repairs and maintenance 22,000 4,681 4,681 - Other contract services 6,500 6,654 6,654 - Vehicle fuel 8,300 10,543 10,543 - Vehicle maintenance 18,000 1,366 1,366 - Vehicle lease 15,414 776 776 - Licenses and permits 1,500 - - Office expense - 367 367 - Other materials 20,000 12,505 12,505 - Tools 2,000 2,475 2,475 - Safety&security - 3,063 3,063 - Uniforms/clothing allowance 1,500 939 939 - Memberships/periodicals/books 1,000 332 332 - SUB-TOTAL MAINTENANCE 617,542 424,387 424,387 - DEPRECIATION Depreciation - - 2,534,093 (2,534,093) SUB-TOTAL DEPRECIATION - - 2,534,093 (2,534,093) TOTAL OPERATING EXPENSES 9,212,548 7,964,187 10,641,446 (2,677,259) OPERATING PROFIT $ 2,991,880 $ 3,836,100 $ 1,169,536 $ (2,666,564) The accompanying notes are an integral part of this statement. 1611 f3i IMMOKALEE WATER& SEWER DISTRICT Page 41 of 55 SCHEDULE OF REVENUES,EXPENSES AND CHANGES IN NET POSITION-BUDGET (NON-GAAP BUDGETARY BASIS)AND ACTUAL WITH RECONCILIATION TO GAAP BASIS, CONTINUED Year Ended September 30,2022 Original Final Budget Budget Actual Variance OPERATING PROFIT, BROUGHT FORWARD $ 2,991,880 $ 3,836,100 $ 1,169,536 $ (2,666,564) NON-OPERATING REVENUES(EXPENSES) Interest income 31,236 33,495 56,678 23,183 Contributed capital-grant-FDEP/EPA 1,460,500 - - - Contributed capital-grant-USDA/FHA 1,229,088 768,250 768,250 - Contributed capital-customers 70,000 73,465 73,465 - Contributed capital-developers 70,000 30,207 30,207 - Contributed capital-Special assessments 77,900 77,881 - (77,881) Bond proceeds-Refunding bond - 8,830,259 9,850,760 1,020,501 Bond proceeds-USDA 944,000 944,000 944,000 - Other non-operating revenue 36,462 42,686 42,826 140 Capital outlay (5,976,446) (2,854,413) (2,966,613) (112,200) Principal retirement-bonds (798,000) (9,834,969) (10,518,363) (683,394) Principal retirement-SRF (37,825) (96,126) (37,826) 58,300 Principal retirement-capital lease (43,861) (43,861) ' (43,862) (1) Net Assets-brought forward 14,494,000 12,123,841 - (12,123,841) Net Assets-carryforward (13,598,911) (12,972,657) - 12,972,657 Interest expense (939,623) (949,988) (922,210) 27,778 Bond issuance costs - - (305,502) (305,502) Bad debt expense (20,000) (11,501) (11,501) - Gain(Loss)on disposal of assets 9,600 3,331 3,331 - NET NON-OPERATING REVENUES(EXPENSES) (2,991,880) (3,836,100) (3,036,360) 799,740 NET PROFIT(LOSS) $ - $ - $ (1,866,824) $ (1,866,824) Reconciliation: Net profit(loss)(Non-GAAP Budgetary Basis) $ (1,866,824) Bond proceeds-Refunding bond (9,850,760) Bond proceeds-USDA (944,000) Capital outlay 2,966,613 Principal retirement-bonds 10,518,363 Principal retirement-SRF 37,826 Principal retirement-Capital lease 43,862 Increase in Net Position(GAAP Basis) 905,080 Net position-beginning of the year 42,309,956 Net position-end of the year $ 43,215,036 The accompanying notes are an integral part of this statement. 1 St IA 8 1 IMMOKALEE WATER& SEWER DISTRICT SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year ended September 30,2022 Grantor's Program/ Federal Agency/Pass Through Contract Award State Agency/Program Title CFDA# Number Amount FEDERAL AWARDS U.S.Department of Agriculture-Rural Development MAJOR(TYPE A) Water and Waste Disposal Systems for Rural Communities Grant Portion-Water lines 10.760 Grant#27 $ 1,547,200 91-27 Water and Waste Disposal Systems for Rural Communities Grant Portion-Clarifier- Communities Loan Portion-Clarifier 10.760 Loan#28 944,000 * Water and Waste Disposal Systems for Rural Communities Grant Portion-Clarifier 10.760 Grant#29 765,000 TOTAL FEDERAL FINANCIAL AWARDS $ 3,256,200 (1)$437,946 of receipts received during FY22 were used to pay prior year expenditures. (2)Remaining expenditures made from BAN before conversion to Bond Series 2022$944,000 during FY22. (3)The sum of this revenue is reflected as capital contribution from USDA grants of$768,250 on the statement of revenues,expenses and changes in net position for the year ended September 30,2022. (4)Includes receivables of$156,083 of restricted receivables from other governments. *This amount of$944,999 is reflected as a loan addition(Series 2022)and outstanding loan rather than as a revenue since the District is accounted for as an enterprise fund. 1611 131 Page 42 of 55 Receipts/ Revenue Disbursements/ Recognized Expenditures Subrecipients $ 437,946 (1) $ 437,946 (3) None 559,347 (2) 559,347 None 330,304 (3) 330,304 (3)(4) None $ 1,327,597 $ 1,327,597 1 6 J 3 B IMMOKALEE WATER& SEWER DISTRICT Page 43 of 55 NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year ended September 30,2022 NOTE A - BASIS OF PRESENTATION The Schedule of Expenditures of Federal Awards has been prepared on an accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America and is in accordance with the provisions of the Uniform Guidance. Expenditures reported on the Schedule of Expenditures of Federal Awards include cash disbursements, whether capitalized or expensed, during the fiscal year as well as loan and grant related amounts recorded as payable at year end. Revenues reported on the Schedule of Expenditures of Federal Awards include income recognized including loan and grant receivables recorded at year end. Cash receipts that were deferred are footnoted as such. NOTE B - INDIRECT COSTS The District did not routinely allocate costs to Federal Awards. Costs charged to such programs were direct costs unless specifically incurred for the program and allowed and indicated as such. The District has elected not to use the 10%de minimus indirect cost rate allowed under the Uniform Guidance. 16Ji Bi ADDITIONAL REPORTS 1611 ai TU S CAN Affiliations Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division Page 44 of 55 INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF BASIC FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Commissioners Immokalee Water& Sewer District 1020 Sanitation Road Immokalee, Florida 34142 We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States of America,the basic financial statements of the business-type activities of Immokalee Water& Sewer District(the "District") which comprise the statement of net position as of September 30, 2022, and the related statements of revenues, expenses and changes in net position and cash flows for the year then ended and the related notes to the financial statements and have issued our report thereon dated April 18, 2023. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered Immokalee Water & Sewer District's internal control over financial reporting(internal control)as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Immokalee Water& Sewer District's internal control. Accordingly,we do not express an opinion on the effectiveness of the Immokalee Water& Sewer District's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions,to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the basic financial statements will not be prevented or detected and INTEGRITY SERVICE ,,..,,,,, EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 • Phone: (239)333-2090 • Fax: (239)333-2097 1611 S1 Page 45 of 55 corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness,yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations,during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses,as defined previously. However,material weaknesses may exist that were not identified. We,however,noted certain other matters that we have reported in our Report to Management dated April 18, 2023. Compliance and Other Matters As part of obtaining reasonable assurance about whether Immokalee Water& Sewer District's financial statements are free from material misstatement,we performed tests of its compliance with certain provisions of laws, regulations, contracts and grants, noncompliance with which could have a direct and material effect on the financial statements. However,providing an opinion on compliance with those provisions was not an objective of our audit and,accordingly,we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Purpose of This Report The purpose of this report is solely to describe the scope of our testing internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control and compliance. Accordingly,this communication is not suitable for any other purpose. A /01A4(141) /1414Pal, TUSCAN&COMPANY, P.A. Fort Myers,Florida April 18,2023 1611 B1 TUSCAN Affiliations T Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division Page 46 of 55 Independent Auditor's Report on Compliance for Each Major Program/Project and on Internal Control Over Compliance Required by the Uniform Guidance Board of Commissioners Immokalee Water& Sewer District 1020 Sanitation Road Immokalee, Florida 34142 Report on Compliance for Each Major Federal Program We have audited Immokalee Water& Sewer District's compliance with the types of compliance requirements described in the OMB Compliance Supplement as applicable,that could have a direct and material effect on each of Immokalee Water& Sewer District's major federal programs for the year ended September 30, 2022. Immokalee Water& Sewer District's major federal programs are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Management's Responsibility Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to its major federal programs. Auditor's Responsibility Our responsibility is to express an opinion on compliance for each of Immokalee Water& Sewer District's major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America;the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States of America; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, "Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards" ("Uniform Guidance"). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about Immokalee Water& Sewer District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. INTEGRITY SERVICE EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 • Phone: (239) 333-2090 • Fax: (239)333-2097 16 ) 1 BI Page 47of55 We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of Immokalee Water& Sewer District's compliance with those requirements. Opinion on Each Major Federal Program In our opinion, Immokalee Water& Sewer District complied, in all material respects,with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended September 30, 2022. Report on Internal Control Over Compliance Management of Immokalee Water& Sewer District is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance,we considered Immokalee Water& Sewer District's internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly,we do not express an opinion on the effectiveness of Immokalee Water& Sewer District's internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions,to prevent, or detect and correct noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be deficiencies, material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. aft 7 £31 Page 48 of 55 Purpose of the Report The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. /,,,u4.644) A . /1,441‘0„. ., L TUSCAN&COMPANY, P.A. Fort Myers, Florida April 18, 2023 1611 [31 IMMOKALEE WATER& SEWER DISTRICT Page 49 of 55 SCHEDULE OF FINDINGS AND QUESTIONED COSTS - FEDERAL AWARDS Year ended September 30,2022 Section I—Summary of Auditor's Results Financial Statements Type of auditor's report issued Unmodified Internal control over financial reporting: Control deficiency(ies) identified? Yes X No Significant deficiency(ies) identified? Yes X No Material weakness(es) identified? Yes X None reported Noncompliance material to financial statements noted? Yes X No Federal Awards Internal control over major programs: Control deficiency(ies) identified? Yes X No Significant deficiency(ies) identified? Yes X No Material weakness(es) identified? Yes X None reported Type of auditors report issued on compliance for major programs Unmodified Any audit findings disclosed that are required to be reported in accordance with 2 CFR, Section 200.516(a)? Yes X No Identification of major programs (Type A): CFDA Number(s) Name of Federal Program or Cluster 10.760 U.S. Department of Agriculture - Loan - Grants Dollar threshold used to distinguish between Type A and Type B programs Threshold used was $750,000. Auditee qualified as low-risk auditee? Yes X No Listing of Subrecipients and matching amounts passed-through: None - not applicable 1611 E31 IMMOKALEE WATER& SEWER DISTRICT Page 50 of 55 SCHEDULE OF FINDINGS AND QUESTIONED COSTS - FEDERAL AWARDS, CONTINUED Year ended September 30,2022 Section II-Financial Statement Findings There were no deficiencies, material weaknesses, or instances of noncompliance related to the financial statements. Section III-Federal Award Findings and Questioned Costs There were no audit findings related to Federal Awards required to be reported by 2 CFR, Section 200.516(a). Section IV-Status of Federal Prior Year Findings There were no prior year findings. 1 6 1 1 f3 1 TI]S CAS Affiliations Florida Institute of Certified Public Accountants & Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division Page 51 of 55 INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE WITH SECTION 218.415,FLORIDA STATUTES Board of Commissioners Immokalee Water& Sewer District 1020 Sanitation Road Immokalee, Florida 34142 We have examined Immokalee Water& Sewer District's compliance with Section 218.415, Florida Statutes,regarding the investment of public funds during the year ended September 30, 2022. Management is responsible for Immokalee Water& Sewer District's compliance with those requirements. Our responsibility is to express an opinion on Immokalee Water& Sewer District's compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Immokalee Water& Sewer District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Immokalee Water& Sewer District's compliance with specified requirements. In our opinion, Immokalee Water& Sewer District complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2022. This report is intended solely for the information and use of the Immokalee Water& Sewer District and the Auditor General, State of Florida,and is not intended to be and should not be used by anyone other than these specified parties. iviA/4241) Ampl A 4 TUSCAN&COMPANY, P.A. Fort Myers,Florida April 18, 2023 INTEGRITY ,,.,,.,.. SERVICE ,,,,,.,,, EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 • Phone: (239)333-2090 • Fax: (239)333-2097 •161 1 B1 T I_I S CAN Affiliations Florida Institute of Certified Public Accountants 8 Company, PA American Institute of Certified Public Accountants Private Companies Practice Section Certified Public Accountants&Consultants Tax Division Page 52 of 55 INDEPENDENT AUDITOR'S REPORT TO MANAGEMENT Board of Commissioners Immokalee Water& Sewer District 1020 Sanitation Road Immokalee, Florida 34142 We have audited the accompanying basic financial statements of Immokalee Water& Sewer District(the "District") as of and for the year ended September 30, 2022 and have issued our report thereon dated April 18, 2023. We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States of America and Chapter 10.550, Rules of the Florida Auditor General. We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and Compliance and Other Matters based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards. Disclosures in that report, which is dated April 18, 2023, should be considered in conjunction with this report to management. Additionally, our audit was conducted in accordance with Chapter 10.550, Rules of the Auditor General, which governs the conduct of local governmental entity audits performed in the State of Florida. This letter included the following information, which is not included in the aforementioned auditor's report: • Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. Prior year comments that have not been resolved are repeated and updated below. • Section 10.554(l)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. No such recommendations were noted to improve financial management except as noted below. INTEGRITY ,...,,,., SERVICE ,.,.,,,,, EXPERIENCE 12621 World Plaza Lane, Building 55 • Fort Myers, FL 33907 • Phone: (239)333-2090• Fax: (239)333-2097 1 6 I 1 B1 Page 53 of 55 • Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address noncompliance with provisions of contracts or grant agreements, or abuse,that have an effect on the financial statements that is less than material but more than inconsequential. In connection with our audit, we did not have any such findings. • Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in the management letter, unless disclosed in the notes to the financial statements. The District discloses this information in the notes to the financial statements. • Section 10.554(1)(i)5.a., Rules of the Auditor General, requires a statement be included as to whether or not the local government entity has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific condition(s)met. In connection with our audit,we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes. • Pursuant to Sections 10.554(1)(i)5.b. and 10.556(7), Rules of the Auditor General, we have applied financial condition assessment procedures. It is management's responsibility to monitor the District's financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. In connection with our audit,we determined that the District did not meet any of the criteria of a deteriorating financial condition as described in Auditor General Rule Section 10.554(1)(i)(5).a. • Pursuant to Section 10.544(1)(i)5.b.2., Rules of the Auditor General, if a deteriorating financial condition(s) is noted then a statement is so required along with the conditions causing the auditor to make such a conclusion. No such conditions were noted. • Pursuant to Section 10.554(1)(i)5.c., Rules of the Auditor General,requires a statement indicating a failure, if any, of a component unit special district to provide financial information necessary to a proper reporting of the component unit within the audited financial statements of this entity(F.S. Section 218.39(3)(b)). There are no known component special districts required to report within these financial statements. • Pursuant to Section 10.554(1)(i)6, Rules of the Auditor General, requires disclosure of certain unaudited data. See Exhibit 2. • Pursuant to Section 10.554(1)(i)7,Rules of the Auditor General, requires an independent special district that imposes ad valorem taxes to disclose certain related unaudited data. See Exhibit 2. 1 6 I 1 B1 Page 54 of 55 • Section 10.554(1)8, Rules of the Auditor General, requires an independent special district that imposes a non-ad valorem special assessment to disclose certain unaudited data. See Exhibit 2. • Section 10.556(10)(a), Rules of the Auditor General, requires that the scope of our audit to determine the entity's compliance with the provisions of Section 218.415, Florida Statutes,regarding the investment of public funds. In connection with our audit, we determined that the District complied with Section 218.415, Florida Statutes as reported in our Independent Accountant's Report on Compliance with Section 218.415, Florida Statutes dated April 18 2023, included herein. • Section 10.557(3)(m), Rules of the Auditor General, requires a notarized affidavit, related to impact fees, signed and sworn to be the Chief Financial Officer be included in the audit report. No such affidavit is included as the District has not implemented any Impact Fees. PRIOR YEAR COMMENTS: 2020-1 Reconciliation of Account Balances Should Be Performed Routinely and Timely During the audit, it was noted that the District was unable to provide an accounts payable listing and fixed asset reconciliation that agreed to the balances recorded at fiscal year-end. We recommend that the accounting staff reconcile all account balances on a monthly basis, ensuring that all balance sheet accounts agree to subsidiary ledgers. These reconciliations should be performed on a monthly basis and any differences or discrepancies investigated and corrected. 2021 Addendum During the audit, we noted that the balance sheet accounts agreed to the subsidiary ledgers. However,there were several significant adjusting journal entries and summary of unadjusted differences. We continue to recommend that all balance sheet accounts and significant revenue and expense accounts be analyzed, reconciled and reviewed monthly. 2022 Addendum Comment resolved. 1611 Bi Page 55 of 55 CURRENT YEAR COMMENTS: 2022-1 Bank Reconciliation Should Agree to Ending General Ledger Balance During the audit, we noted that the September 30, 2022 bank reconciliation for the operating account did not agree to the general ledger provided to us for audit. We recommend that all bank accounts be reconciled monthly to the monthly general ledger balance on a timely basis and that the reconciliation be reviewed and approved for accuracy. 2022-2 Fixed Asset Listing Should Include Identifying Tag Number During fixed asset observation, it was noted that the fixed asset listing provided did not include the identifying tag number of the assets. The District does maintain a separate listing of the fixed assets which includes the tag number, however this information was not available on the fixed asset listing provided to us. We recommend that the fixed asset listing should be modified to include the asset tag number to ensure compliance with Florida Statutes and Florida Administrative Code 69I-73. Pursuant to Chapter 119, Florida Statutes, this management letter is a public record and its distribution is not limited. Auditing standards generally accepted in the United States of America require us to indicate that this letter is intended solely for the information and use of the Board of Commissioners, management,the Auditor General of the State of Florida and other federal and state agencies. This report is not intended to be and should not be used by anyone other than these specified parties. hfititfal) '644AP1241 i 1 I 1 TUSCAN & COMPANY, P.A. Fort Myers, Florida April 18, 2023 1611 B1 EXHIBIT 1 161 J B# 0114#41 IMMOKALEE �fi ., min WATER &SEWER DISTRICT May 9, 2023 Sherrill F. Norman, CPA Auditor General, State of Florida Claude Denson Pepper Building Mr Joseph Brister 111 West Madison Street Tallahassee, Florida 32399-1450 Ms Patricia Anne Goodnight Ju:e Char Dear Ms. Norman: Ms.Bonnie Keen This letter is in response to the Management Letter in the Immokalee Water and Sewer District's Year Ending September 30, 2022 audit, performed by Tuscan &Company, P.A.; "'r.Robert Halrnan which was presented to and accepted by the Board on (Board Meeting Date). Ms.Magda Ayala CURRENT YEAR COMMENTS: Mr.Jack Johnson 2022-1 Bank Reconciliation Should Agree to Ending General Ledger Balance During the audit, we noted that the September 30, 2022 bank reconciliation for the operating account did not agree to the general ledger provided to us for audit. We recommend that all bank accounts be reconciled monthly to the monthly general ledger balance on a timely basis and that the reconciliation be reviewed and approved for accuracy. 2022/WSD Response:A procedure has been added to the monthly bank reconciliation process to reconcile the cash balance per the trial balance to the cash balance per the bank reconciliation report and resolve any differences for each account. This will eliminate any future unresolved differences. 2022-2 Fixed Asset Listing Should Include Identifying Tag Number During fixed asset observation, it was noted that the fixed asset listing provided did not include the identifying tag number of the assets. The District does maintain a separate listing of the fixed assets which includes the tag number, however this information was not available on the fixed asset listing provided to us. We recommend that the fixed asset listing should be modified to include the asset tag number to ensure compliance with Florida Statutes and Florida Administrative Code 691-73. 2022/WSDResponse: The District is in the process of placing tag numbers on assets and recording the tag numbers in the asset system. We will ensure that any new tag numbers placed on assets are added to the asset system in a timely manner. The District appreciates the efficient planning and performance of Tuscan &Company, P.A. during the audit to obtain reasonable assurance about the District's basic financial statements as well as their evaluation of the presentation of those statements. The District respects and values their effort, work product, and feedback. HELPING YOUR LIFE FLOW ESTABLISHED IN 1976 1020 Sanitation Road Immokalee, FL 34142 239-658-3630 , www.iw-sd.com 1611 BI May 9,2023 Immokalee Water and Sewer District Response to Management Letter I M M O K A L E E Audit for Year Ending September 30,2022 WATER&SEWER Page 2 DISTRICT Sincerely, Sarah Catala, Executive Director Brian Stewart, Finance Director ESTABLISHED IN 1978 1020 Sanitation Road Immokalee, FL 34142 239-658-3630 www.iw-sd.com 1611 B1 EXHIBIT 2 1611 E31 EXHIBIT 2 Page 1 UNAUDITED COMPLIANCE WITH REPORTING REQUIRED BY: Auditor General Rule 10.554(1)(i)6 For a dependent special district or an independent special district, or a local government entity that includes the information of a dependent special district as provided in Section 218.39(3)(a), Florida Statutes,the following specific information provided by management(with explanatory verbiage that the auditor provides no assurance on the information): a. The total number of district employees compensated in the last pay period of the district's fiscal year being reported(see information required in Section 218.32(1)(e)2.a., Florida Statutes). 43 b. The total number of independent contractors to whom nonemployee compensation was paid in the last month of the district's fiscal year being reported (see information required in Section 218.32(1)(e)2.b., Florida Statutes). 6 c. All compensation earned by or awarded to employees,whether paid or accrued, regardless of contingency(see information required in Section 218.32(1)(e)2.c., Florida Statutes). (Total wage compensation for the fiscal year being audited) $2,870,654 d. All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency (see information required in Section 218.32(1)(e)2.d., Florida Statutes). (Amounts paid that would be reported on a Form 1099 for FYE) $331,751 e. Each construction project with a total cost of at least$65,000 approved by the district that was scheduled to begin on or after October 1 of the fiscal year being reported, together with the total expenditures for such project(see information required in Section 218.32(1)(e)2.e., Florida Statutes). See Note P f. A budget variance report based on the budget adopted under section 189.016(4),Florida Statutes, before the beginning of the fiscal year reported if the district amends a final adopted budget under Section 189.016(6), Florida Statutes(see information required in Section 218.32(1)(e)3., Florida Statutes). If there were amendments then include budget variance (original budget vs. actual at FYE). See attached pages 3 - 9. 1 6 I 1 D1 Page 2 Auditor General Rule 10.554(1)(i)7 For an independent special district that imposes ad valorem taxes,the following specific information provided by management(with explanatory verbiage that the auditor provides no assurance on the information): (see information required in Section 218.32(1)(e)4., Florida Statutes). a. The millage rate or rates imposed by the district.N/A b. The current year gross amount of ad valorem taxes collected by or on behalf of the district. N/A c. The total amount of outstanding bonds issued by the district and terms of such bonds. See Note G Auditor General Rule 10.554(1)(i)8 For an independent special district that imposes non-ad valorem special assessments, the following specific information provided by management(with explanatory verbiage that the auditor provides no assurance on the information): (see information required in Section 218.32(1)(e)5., Florida Statutes). a. The rate or rated of such assessment imposed by the district. Initially levied in a prior year and collected over 20 years. SR 29 $ 219 Arrowhead $ 47 b. The total amount of special assessments collected by or on behalf of the district. Arrowhead $53,464 total for current year SR 29 $24,452 total for current year c. The total amount of outstanding bonds issued by the district and the terms of such bonds. $30,282,864 1611 Ell IMMOKALEE WATER& SEWER DISTRICT Page 3 ORIGINAL BUDGET (NON-GAAP)vs. ACTUAL WITH RECONCILIATION TO GAAP BASIS COMPARISON REPORT-UNAUDITED - Year ended September 30,2022 Original Budget Actual Variance OPERATING REVENUES Water service $ 4,376,541 $ 4,108,228 $ (268,313) Wastewater service 6,212,743 5,983,159 (229,584) Meter service charge 866,267 863,741 (2,526) Late fees 84,980 86,025 1,045 Reconnect and transfer fees 108,163 106,230 (1,933) Miscellaneous charges,fees and other income 178,383 289,067 110,684 Cross connection control fee 377,351 374,532 (2,819) TOTAL OPERATING REVENUES 12,204,428 11,810,982 (393,446) OPERATING EXPENSES WATER TREATMENT Salaries and wages 299,094 274,569 24,525 Overtime 9,827 11,005 (1,178) FICA 23,632 21,253 2,379 Unemployment taxes 1,514 83 1,431 Employer pension contribution 18,535 16,345 2,190 Health/life insurance 63,814 72,581 (8,767) Workers'compensation 3,528 4,547 (1,019) Travel and training 8,000 9,876 (1,876) Telephone and fax 2,850 6,075 (3,225) Electric 172,000 223,623 (51,623) General liability insurance 10,135 10,135 - Comprehensive auto insurance 2,120 2,120 - Other insurance 37,791 38,736 (945) Repairs and maintenance 168,752 144,324 24,428 Other contract services 24,000 29,866 (5,866) Vehicle fuel 11,633 15,317 (3,684) Vehicle maintenance 12,000 3,080 8,920 Vehicle Lease - 22 (22) Office expense - 587 (587) Licenses and permits 5,790 4,075 1,715 Chemicals 99,772 98,327 1,445 Other materials 109,522 96,929 12,593 Tools 2,285 1,675 610 Safety and security - 5,473 (5,473) Laboratory fees 28,400 24,323 4,077 Uniforms/clothing allowance 1,200 1,206 (6) Memberships/periodicals/books 1,150 550 600 SUB-TOTAL WATER TREATMENT 1,117,344 1,116,702 642 The accompanying notes are an integral part of this statement. 1 61 , B 1 IMMOKALEE WATER& SEWER DISTRICT Page 4 ORIGINAL BUDGET (NON-GAAP)vs.ACTUAL WITH RECONCILIATION TO GAAP BASIS COMPARISON REPORT -UNAUDITED- CONTINUED Year ended September 30,2022 Original Budget Actual Variance WATER DISTRIBUTION Salaries and wages 600,376 580,203 20,173 Overtime 47,246 30,250 16,996 FICA 49,543 45,449 4,094 Unemployment taxes 3,173 473 2,700 Employer pension contribution 38,857 33,804 5,053 Health/life insurance 194,453 242,546 (48,093) Workers'compensation 9,702 10,102 (400) Engineering services - 5,876 (5,876) Travel and training 20,000 23,452 (3,452) Telephone and fax 2,850 4,367 (1,517) Electric 2,400 - 2,400 General liability insurance 11,481 11,481 - Comprehensive auto insurance 6,889 6,889 - Other insurance 1,857 1,612 245 Repairs and maintenance 126,823 70,015 56,808 Water meter&registers replacement - 236,713 (236,713) Other contract services 17,862 16,220 k 1,642 Vehicle fuel 25,630 32,561 (6,931) Vehicle maintenance 19,137 14,470 4,667 Vehicle Lease 8,019 284 7,735 License and permits 200 - 200 Office expense - 20 (20) Other materials 220,585 104,664 115,921 Tools 12,664 12,154 510 Safety and security - 8,010 (8,010) Uniforms/clothing allowance 3,000 2,579 421 Memberships/periodicals/books 1,175 357 818 SUB-TOTAL WATER DISTRIBUTION 1,423,922 1,494,551 (70,629) SUB-TOTAL WATER PLANTS/DISTRIBUTION 2,541,266 2,611,253 (69,987) The accompanying notes are an integral part of this statement. 1 6 1 1 8 1 IMMOKALEE WATER& SEWER DISTRICT Page 5 ORIGINAL BUDGET (NON-GAAP)vs. ACTUAL WITH RECONCILIATION TO GAAP BASIS COMPARISON REPORT -UNAUDITED -CONTINUED Year ended September 30,2022 Original Budget Actual Variance WASTEWATER TREATMENT Salaries and wages 577,859 586,004 (8,145) Overtime 47,246 33,143 14,103 FICA 47,820 46,303 1,517 Unemployment taxes 3,063 452 2,611 Employer pension contribution 37,506 33,484 4,022 Health/life insurance 141,719 166,658 (24,939) Workers'compensation 7,409 9,838 (2,429) Other professional services - 6,281 (6,281) Engineering services - 10,072 (10,072) Travel and training 16,000 13,097 2,903 Telephone and fax 4,000 1,185 2,815 Electric 230,000 208,936 21,064 Section 8 electric 5,000 2,770 2,230 General liability insurance 20,383 20,383 - Comprehensive auto insurance 3,180 3,282 (102) Other insurance 129,785 129,730 55 Repairs and maintenance 330,000 241,646 88,354 Section 8 repairs 10,000 - 10,000 Other contract services 250,000 167,775 82,225 Vehicle fuel 9,500 12,266 (2,766) Vehicle maintenance 5,000 4,855 145 Vehicle Lease 4,571 268 4,303 Licenses and permits 7,000 21,899 (14,899) Chemicals 110,000 103,858 6,142 Other materials 39,500 22,448 17,052 Tools 1,500 4,889 (3,389) Safety&security - 7,676 (7,676) Laboratory fees 78,000 74,839 3,161 Residuals management 215,000 207,101 7,899 Uniforms/clothing allowance 2,400 1,752 648 Memberships/periodicals/books 1,700 332 1,368 SUB-TOTAL WASTEWATER TREATMENT 2,335,141 2,143,222 191,919 The accompanying notes are an integral part of this statement. 1611 B1 IMMOKALEE WATER& SEWER DISTRICT Page 6 ORIGINAL BUDGET (NON-GAAP)vs. ACTUAL WITH RECONCILIATION TO GAAP BASIS COMPARISON REPORT - UNAUDITED - CONTINUED Year ended September 30,2022 Original Budget Actual Variance WASTEWATER COLLECTION Salaries and wages 370,960 367,472 3,488 Overtime 35,697 40,341 (4,644) FICA 31,109 30,557 552 Unemployment taxes 1,993 201 1,792 Employer pension contribution 24,398 21,761 2,637 Health/life insurance 91,681 119,680 (27,999) Workers'compensation 4,410 6,395 (1,985) Engineering services - 32,971 (32,971) Travel and training 9,500 13,208 (3,708) Telephone and fax 3,800 3,411 389 Poatage and shipping 38,000 - 38,000 Electric - 51,473 (51,473) General liability insurance 12,990 12,990 - Comprehensive auto insurance 5,300 5,299 1 Other insurance 6,944 7,081 (137) Repairs and maintenance 140,000 119,566 20,434 Other contract services 12,000 8,345 3,655 Vehicle fuel 10,200 14,579 (4,379) Vehicle maintenance 12,000 3,672 8,328 Vehicle Lease 15,414 1,036 14,378 Licenses and permits 500 - 500 Chemicals 16,000 14,962 1,038 Other materials 41,000 38,157 2,843 Tools 6,500 3,817 2,683 Safety security - 4,478 (4,478) Uniforms/clothing allowance 1,500 1,189 311 Memberships/periodicals/books 1,200 210 990 SUB-TOTAL WASTEWATER COLLECTION 893,096 922,851 (29,755) The accompanying notes are an integral part of this statement. 15JJ B1 IMMOKALEE WATER& SEWER DISTRICT Page 7 ORIGINAL BUDGET (NON-GAAP)vs. ACTUAL WITH RECONCILIATION TO GAAP BASIS COMPARISON REPORT-UNAUDITED - CONTINUED Year ended September 30,2022 Original Budget Actual Variance CUSTOMER SERVICE/ADMIN Salaries and wages 666,857 721,390 (54,533) Overtime 3,150 7,374 (4,224) FICA 51,255 54,798 (3,543) Unemployment taxes 3,283 768 2,515 Employer pension contribution 40,200 38,908 1,292 Health/life insurance 158,115 175,051 (16,936) Workers'compensation 8,026 2,671 5,355 Legal services 972,500 186,805 785,695 Other professional services 171,000 122,016 48,984 Accounting/auditing 60,000 38,090 21,910 Engineering services 400,000 249,644 150,356 Travel and training 25,000 24,143 857 Telephone and fax 5,000 5,859 (859) Postage and freight 36,000 42,460 (6,460) General liability insurance 10,510 10,510 - Comprehensive auto insurance 530 530 - Other insurance 41,971 44,265 (2,294) Other contract services 50,000 78,750 (28,750) Repairs and maintenance 2,500 2,018 482 Vehicle fuel 1,000 2,658 (1,658) Vehicle maintenance 250 193 57 Vehicle Lease 4,106 838 3,268 Office supplies 15,000 35,242 (20,242) Miscellaneous office expense 65,000 41,305 23,695 Miscellaneous bank fees - 6,210 (6,210) Miscellaneous expense 9,000 78,066 (69,066) Arrowhead Assessment fees/discount 5,000 4,074 926 Advertising 6,200 9,453 (3,253) Licenses and permits 250 175 75 Safety&security - 2,771 (2,771) Tools - - - Uniforms/clothing allowance 800 1,000 (200) Memberships/periodicals/books 13,000 7,984 5,016 Hurricane Ian-Supplies - 9,621 (9,621) SUB-TOTAL CUSTOMER SERVICE/ADMIN 2,825,503 2,005,640 819,863 The accompanying notes are an integral part of this statement. 16 ) ) i IMMOKALEE WATER& SEWER DISTRICT Page 8 ORIGINAL BUDGET (NON-GAAP)vs. ACTUAL WITH RECONCILIATION TO GAAP BASIS COMPARISON REPORT-UNAUDITED -CONTINUED Year ended September 30,2022 Original Budget Actual Variance MAINTENANCE Salaries and wages 319,021 197,784 121,237 Overtime 5,436 21,119 (15,683) FICA 24,821 16,119 8,702 Unemployment taxes 1,590 157 1,433 Employer pension contribution 19,467 12,469 6,998 Health/life insurance 105,811 97,969 7,842 Workers'compensation 4,410 3,932 478 Travel and training 21,200 9,144 12,056 Telephone and fax 2,300 4,504 (2,204) General liability insurance 7,734 7,734 - Comprehensive auto insurance 7,419 7,419 - Other insurance 2,119 2,336 (217) Repairs and maintenance 22,000 4,681 17,319 Other contract services 6,500 6,654 w (154) Vehicle fuel 8,300 10,543 (2,243) Vehicle maintenance 18,000 1,366 16,634 Vehicle lease 15,414 776 14,638 Licenses and permits 1,500 - 1,500 Office expense - 367 (367) Other materials 20,000 12,505 7,495 Tools 2,000 2,475 (475) Safety&security - 3,063 (3,063) Uniforms/clothing allowance 1,500 939 561 Memberships/periodicals/books 1,000 332 668 SUB-TOTAL MAINTENANCE 617,542 424,387 193,155 DEPRECIATION Depreciation - 2,534,093 (2,534,093) SUB-TOTAL DEPRECIATION - 2,534,093 (2,534,093) TOTAL OPERATING EXPENSES 9,212,548 10,641,446 (1,428,898) OPERATING PROFIT $ 2,991,880 $ 1,169,536 $ (1,822,344) The accompanying notes are an integral part of this statement. 1611 81 IMMOKALEE WATER& SEWER DISTRICT Page 9 ORIGINAL BUDGET (NON-GAAP)vs.ACTUAL WITH RECONCILIATION TO GAAP BASIS COMPARISON REPORT - UNAUDITED- CONTINUED Year ended September 30,2022 Original Budget Actual Variance OPERATING PROFIT, BROUGHT FORWARD $ 2,991,880 $ 1,169,536 $ (1,822,344) NON-OPERATING REVENUES(EXPENSES) Interest income 31,236 56,678 25,442 Contributed capital-grant-FDEP/EPA 1,460,500 - (1,460,500) Contributed capital-grant-USDA/FHA 1,229,088 768,250 (460,838) Contributed capital-customers 70,000 73,465 3,465 Contributed capital-developers 70,000 30,207 (39,793) Contributed capital-special assessments 77,900 - (77,900) Debt proceeds-Capital lease - 9,850,760 9,850,760 Bond proceeds-USDA 944,000 944,000 - Other non-operating revenue 36,462 42,826 6,364 Capital outlay (5,976,446) (2,966,613) 3,009,833 Principal retirement-bonds (798,000) (10,518,363) (9,720,363) Principal retirement-SRF (37,825) (37,826) (1) Principal retirement-capital lease (43,861) (43,862) (1) Net Assets-brought forward 14,494,000 - (14,494,000) Net Assets-carryforward (13,598,911) - 13,598,911 Interest expense (939,623) (922,210) 17,413 Bond issuance cost - (305,502) (305,502) Bad debt expense (20,000) (11,501) 8,499 Gain(Loss)on disposal of assets 9,600 3,331 (6,269) NET NON-OPERATING REVENUES(EXPENSES) (2,991,880) (3,036,360) (44,480) NET PROFIT(LOSS) $ - $ (1,866,824) $ (1,866,824) Reconciliation: Net profit(loss)(Non-GAAP Budgetary Basis) $ (1,866,824) Bond proceeds-Refunding bond (9,850,760) Debt proceeds-BAN (944,000) Capital outlay 2,966,613 Principal retirement-bonds 10,518,363 Principal retirement-SRF 37,826 Principal retirement-Capital lease 43,862 Increase in Net Position(GAAP Basis) 905,080 Net position-beginning of the year 42,309,956 Net position-end of the year $ 43,215,036 The accompanying notes are an integral part of this statement.