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Backup Documents 06/24/2025 Item #16I 161 IA4 Heritage Bay Community Development District Inframark, Community Management Services 11555 Heron Bay Boulevard, Suite 201, Coral Springs, Florida 33076 Tel. (954)282-0070 DATE: April 21, 2025 TO: Mr. Derek Johnssen CLERK OF THE CIRCUIT COURT Finance Department Derek.johnssen@collierclerk.com FROM: Janice Swade Lead District Administrative Assistant RE: Minutes of the December 5, 2024 Meeting, as Approved at the March 6, 2025 Meeting Enclosed for your records is a copy of the minutes and corresponding attachments from the above-referenced meeting of the Heritage Bay Community Development District, which are to be kept on file for public access. Enclosure Cc: Mr. Gregory Urbancic gurbancic@cyklawfirm.com 161 1A1 MINUTES OF MEETING HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Heritage Bay Community Development District was held Thursday, December 5, 2024 at 9:00 a.m. at the Heritage Bay Clubhouse, located at 10154 Heritage Bay Boulevard,Naples, Florida 34120. Present and constituting a quorum were: Edwin Hubbard Chairperson F. Jack Arcurie Vice Chairperson Steven Bachenberg Assistant Secretary Also present were: Justin Faircloth District Manager Albert Lopez District Engineer(Remotely) Following is a summary of the discussions and actions taken. FIRST ORDER OF BUSINESS Call to Order/Roll Call Mr. Faircloth called the meeting to order, and called the roll.A quorum was established. SECOND ORDER OF BUSINESS Approval of Agenda Mr. Hubbard requested addition of the following items: • Veranda III Tree Issue as Item 8A. • CDD Signage for Lake 30B as 8B. There being no further requests, On MOTION by Mr.Arcurie, seconded by Mr.Bachenberg,with all 1 in favor,the Agenda for the Meeting was approved, as amended. (3- 0) 161 IAA December 5, 2024 Meeting Heritage Bay CDD THIRD ORDER OF BUSINESS Public Comments on Agenda Items There being no members of the public present,the next order of business followed. FOURTH ORDER OF BUSINESS Engineer's Report A. Club Pools Discharge of Water—Collier County Dewatering Protocol i. Engineering Proposal for Club Repairs at Lake 7 & Other Remote Pools • Mr. Lopez provided an update on actions since the last meeting with an inspection with Mr. Hubbard on site and conversations with SFWMD, and discussed the need to ensure the piping from pools directed to the lakes is perforated. • Mr. Faircloth inquired whether Mr. Lopez had obtained anything in writing from SFWMD to confirm this directive since it contradicts information from the County and other regulatory entities. Mr.Lopez noted he was awaiting confirmation of this in writing from SFWMD. Mr. Lopez noted that hard pipe connections to the lake are not allowed unless it is confirmed they are perforated pipes per this new guidance by phone only from SFWMD. • Mr. Lopez noted that an exploration would be necessary to determine whether the pipes connected are perforated. Mr. Lopez apologized that he did not inform the Chair in advance of the meeting, but it was new direction from SFWMD in recent conversations prior to the meeting. Mr. Hubbard noted he was disappointed to be finding this out at the meeting and not informed sooner. The record shall reflect Mr. Lopez exited the meeting. FIFTH ORDER OF BUSINESS SOLitude Lake Management A. Monthly Inspections & Service Reports i. November 14,2024 Field Service Review The reports were presented for review by the Board. • Mr. Maher discussed his lake management plan for Lakes 30A & B, noting they will cut twice and spray once per month. • Mr. Maher also discussed how they could approach addressing the torpedo grass and littoral mitigation area on the west bank of Lake 20. B. Lake 19 Aqua Range Maintenance Plans in Conjunction with Club Management • Mr. Maher discussed his management plan for Lake 19. 2 161 . A1. December 5, 2024 Meeting Heritage Bay CDD • Mr. Hubbard requested SOLitude remove the lagoon plants on Lake 19 and just leave the canna growing up the bank. • Mr. Hubbard provided comments on the management of the fluff by the Club. • Mr. Hubbard discussed communications with the Quarry on Lakes 30A & 30B, regarding cutting of pondweed by boaters and a fishery survey by SOLitude. C. Removal of All Willows, Plants & Grasses in Northwest Corner of Lake 14 Littoral Shelf • Mr.Maher noted he was still waiting for lake levels to decrease in order to complete the work. The record shall reflect Mr. Maher exited the meeting. SIXTH ORDER OF BUSINESS Legal Update A. Update on Potential to Challenge FEMA Ruling Precluding Return of Funds from Hurricane Irma On MOTION by Mr. Hubbard, seconded by Mr.Arcurie,with all in favor, staff was authorized to proceed with a contract with the DLC for further action against FEMA from the Hurricane Irma Application, subject to review by District Counsel, with the authorization of two phases in an amount not to exceed $25,000 for each phase, once the Board authorizes proceeding with the next phase with the chairperson being authorized to approve the final contract based on recommendations by District Counsel. (3-0) The record shall reflect the Board recessed the meeting for a short time. B. Letter to Resident Regarding Lake Bank Damage • Mr. Hubbard discussed his proposed letter to a homeowner, and the Board was in agreement to send the letter to the homeowner. SEVENTH ORDER OF BUSINESS Old Business A. Infrastructure& Facilities Management Report • Mr. Hubbard requested closer review of the pagination of the document to ensure the headings line up going forward. i. Potential Projects for Consideration—Summer 2025 • Mr. Hubbard discussed the Lake 7 washout notating that CSEI would repair the area at no charge. 3 16i UA1 December 5, 2024 Meeting Heritage Bay CDD • Mr. Hubbard noted updates he would make to the report. a. Copeland Southern Enterprises,Inc. Lake 18 Proposal • Mr. Faircloth noted CSEI updated their proposal after feedback from the Club not to install the conduit at a cost of$67,000. On MOTION by Mr. Hubbard, seconded by Mr. Bachenberg, with all in favor, the revised CSEI Proposal for Lake 18 in the revised amount of$67,000, was approved. (3-0) EIGHTH ORDER OF BUSINESS New Business A. Veranda III Tree Issue • Mr. Hubbard discussed the Veranda III item, and the Board was in agreement for Mr. Hubbard to send them a letter regarding the leaning tree on the bank of Lake 6. B. CDD Signage for Lake 30B • Mr. Hubbard inquired about the need to install signage at the Lake 30B outfall. He referenced a call from Mr. Reitz at Quarry who noted teens had been observed climbing on the rocks to fish by the outfall. Mr. Faircloth will follow up with District Counsel to determine recommendations. NINTH ORDER OF BUSINESS Field Service Review—November 14,2024 Mr. Faircloth reviewed the report with the Board and answered questions. TENTH ORDER OF BUSINESS Manager's Report A. Approval of the Minutes of the November 7,2024 Meeting Mr. Faircloth presented the Minutes of the November 7, 2024 Meeting, and requested any additions, corrections or deletions. • Mr.Hubbard noted there was no mention of the Collier County dewatering protocol under the engineer's report in the minutes, although under item 8D it states it was covered earlier in the meeting. There being no further discussion, On MOTION by Mr. Hubbard, seconded by Mr.Arcurie,with all in favor,the Minutes of the November 7,2024 Meeting were approved, as presented. (3-0) 4 161 1A1 December 5,2024 Meeting Heritage Bay CDD B. Acceptance of Financial Report as of October 31,2024 There being no comments or questions, On MOTION by Mr.Bachenberg,seconded by Mr.Arcurie,with all in favor,the Financial Report as of October 31,2024 was accepted, as presented. (3-0) C. Review&Discussion of Action Items on District Manager's November 7,2024 "Open Items"Report Mr.Faircloth reviewed the Action Items List with the Board. • Mr.Faircloth inquired about the desire of the Board to continue using paper agenda packages,and noted that Inframark was willing to provide iPads for the Board's use at future meetings.The Board was in agreement to continue receiving paper agenda packages. ELEVENTH ORDER OF BUSINESS Supervisor Comments • Mr.Bachenberg inquired about the use of lifts behind the condominium buildings, and discussion ensued with Mr. Hubbard noting the proper lifts which were allowable that would not cause damage to the lake bank. TWELFTH ORDER OF BUSINESS Chairperson Comments • Mr. Hubbard commented on Quarry items, drainage, CPII, and homeowner communication. THIRTEENTH ORDER OF BUSINESS Audience Comments There being no audience members present,the next order of business followed. FOURTEENTH ORDER OF BUSINESS Adjournment There being no further business, On MOTION by Mr. Hubbard, seconded by Mr. Bachenberg, with all in favor,the meeting was adjourned at 11:28 a.m. (3-0) �1 Edwin Hubbard Chairperson 5 Heritage Bay Community Development District 161 1 A 1 Board of Supervisors District Staff ❑ Edwin Hubbard, Chairperson oJustin Faircloth, District Manager ❑ F. Jack Arcurie, Vice Chairperson o Gregory Urbancic, District Counsel ❑ Vacant, Assistant Secretary o Jeffrey Satfield, District Engineer ❑ Steven Bachenberg, Assistant Secretary ❑ Allen Soucie, Assistant Secretary Revised Regular Meeting Agenda Thursday, December 5, 2024—9:00 a.m. 1. Call to Order/Roll Call 2. Approval of Agenda 3. Public Comments on Agenda Items 4. Engineer's Report A. Club Pools Discharge of Water—Collier County Dewatering Protocol i. Engineering Proposal for Club Repairs at Lake 7 &Other Remote Pools 5. SOLitude Lake Management A. Monthly Inspections& Service Reports i. November 14,2024 Field Service Review B. Lake 19 Aqua Range Maintenance Plans in Conjunction with Club Management C. Removal of all Willows, Plants&Grasses in Northwest Corner of Lake 4 Littoral Shelf 6. Legal Update A. Update on Potential to Challenge FEMA Ruling Precluding Return of Funds from Hurricane Irma B. Letter to Resident Regarding Lake Bank Damage 7. Old Business A. Infrastructure& Facilities Management Report i. Potential Projects for Consideration—Summer 2025 a. Copeland Southern Enterprises, Inc. Lake 18 Proposal 8. New Business A. Veranda III Tree Issue B. CDD Signage for Lake 30B 9. Field Service Review—November 14,2024 10. Manager's Report A. Approval of the Minutes of the November 7,2024 Meeting B. Acceptance of Financial Report as of October 31,2024 C. Review& Discussion of Action Items on District Manager's November 7,2024"Open Items"Report 11. Supervisor Comments 12. Chairperson Comments 13. Audience Comments 14. Adjournment The next CDD Meeting is scheduled to be held Thursday,March 6,2025 at 9:00 a.m. District Office: Meeting Location: Inframark,Community Management Services Heritage Bay Clubhouse 11555 Heron Bay Boulevard 10154 Heritage Bay Boulevard Coral Springs,Florida 33076 Naples,Florida 34120 (239)353-7056 www.heritagebaycdd.com 161 1A1. N N 0 N. N. N O. �. O. 0 O. O. ON CO O. O 0' N V} V 47 M O bR '.1 , ^� CN VI V 0 CCO OCsi 0 CD CD 0 L. �0 0 CD CD 0 0 0 •� a o 0 0 o 4 C 0 .- o O � V v to +- d •• .c O .0 4- C V a) fi L Z E a) o c c o ZNo. D c 13 L. a 0 E C) t 7 I } a) a O D a) OSO U a O CCC E Q a L L C O y O O d < U _J 2 U) ti < V V O L U 0 o a U } Z Z E t 6 V V L 7 O i a > .0C oV U V O. 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Work Order Assets Asset Status Product Work Type Heritage Bay CDD-Lake-All Treated Service Parameters Asset Product Work Type Specialist Comments to Customer Heritage Bay CDD-Lake-All TRASH/DEBRIS COLLECTION(IN HOUSE) Heritage Bay CDD-Lake-AII SHORELINE WEED CONTROL Heritage Bay CDD-Lake-AII LAKE WEED CONTROL Heritage Bay CDD-Lake-All ALGAE CONTROL Heritage Bay CDD-Lake-All Service Report -t SQLITUDE LAKE MANAGEMENT Account Heritage Bay CDD Work Order 00722606 Contact Justin Faircloth Work Order 00722606 Address 10154 Heritage Bay Blvd. Number Naples,FL 34120 United States Created Date 11/14/2024 Work Details Specialist Treated lake 19 for submerged vegetation(2nd). Prepared By EGGY SUAREZ Comments to Water level normal.Fish and birds observed. Customer Thank you for your business. Work Order Assets Asset Status Product Work Type Heritage Bay CDD-Lake-All Treated Service Parameters Asset Product Work Type Specialist Comments to Customer Heritage Bay CDD-Lake-All TRASH/DEBRIS COLLECTION(IN HOUSE) Heritage Bay CDD-Lake-AII SHORELINE WEED CONTROL Heritage Bay CDD-Lake-AII LAKE WEED CONTROL Heritage Bay CDD-Lake-All ALGAE CONTROL Heritage Bay CDD-Lake-All 161 UA1 From: Mason Maher<mason.maher@solitudelake.com> Sent:Thursday, November 21,2024 4:41 PM To: Bailey Hilt<bailey.hill@solitudelake.com> Cc: Faircloth,Justin <Justin.Faircloth@inframark.com>; Edwin Hubbard <ehubbard@heritagebaycdd.com> Subject: Re: HBCDD-RE: Lake 30B bridge IPW Hey Justin, We ensure we do not run into the same issue with pondweed on lake 19 next year below are steps we are going to take. -thoroughly survey the site every month to ensure monitoring of growth. -Schedule our visits for Thursday to take advantage of the driving range closure for boat treatments. -Set aside time for the truxor in case trimming is necessary in the months of August-September.(2 Days) -Consider asking for longer closure time of the driving range from the club if necessary for treatment Lake 20 -Thoroughly treat the torpedo grass in the littoral shelf. -Consider transplanting littorals from other lakes that are in abundance to close the gaps.This could be done slowly over the next few months leading to spring.This would increase the variety of plants and provide a fuller shelf. 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J Q Z 2 _i d d W Z ti W Z C' Z a p a a W F < < Hp = 0 0 a m L p F p 0 m W 1_ o 0 H V) a < W w p w H w = Z ( Z a W N O Q Zwa3JZZDYHDzDL., wYaa J p Or H O Q a Z O p O Q O o w w H 0 Q Z J (.9 W O N W Z Q Q Q W cc W W ¢ W U0 a = _ z U 1 u- I- a a 3 z w w w W Z I- Z o W o W Wmaaaw Waaa F_I CC Y 0 CL Z w W cc Y K W a LU 5 > Z v N g p Q u w a x 2 U Ui CV N N m N a l:J a cc Z W W 3L 2k N N N L t Sk Z p K O d d w w Y Y w c. cc1- a ' U U a a Q O O a Ln w H Ui m J = 0 LO ,-i IN O� ,^i al olo i 1 -I INQ 0 CO W W w 5 ww Y Y Y Y Y Y Y Y J J J SC a a a J Z J a W K 3 H U 3 cc H h 4 CC LL Z 161 1A1 From: Edwin Hubbard <ehubbard@heritagebaycdd.com> Sent:Saturday, November 23,2024 8:46 AM To:Scott Copeland <copelandsei@aol.com>; Faircloth,Justin <Justin.Faircloth@inframark.com> Subject: Re: North Lake 18 Rip Rap and drainage Proposal This Message Is From an External Sender This message came from outside your organization. Please use caution when clicking links. Scott, Thanks for your proposed work on lake 18 including installation of a conduit.While I think this is a good idea and is worth consideration, I would like to discuss with club management to get their buy-in or rejection. I believe Kevin is on vacation this coming week so will follow up in advance of our 12/5 meeting. Justin, pls include this email along with Scott's quote in the agenda packet. Ed Get Outlook for iOS From:Scott Copeland <copelandseiPaol.corn> Sent: Friday, November 22,2024 7:54:16 PM To: Justin.FairclothPinframark.com<Justin.Fairclothc inframark.corn>; Edwin Hubbard <ehubbardPheritagebaycdd.com> Subject: North Lake 18 Rip Rap and drainage Proposal Justin, Sorry Justin but the Mine have had 7 price increases on just the Rip Rap alone in the last 16 months since the bid this last Year. I have also put a 4"conduit crossing in the proposal as well for any future installations of underground utilities with in that aera since the rip rap will be all the way up against the back of the sidewalk this way the slope does have to be disturbed for their utility installation. I have the conduit crossing at a 4"size, but we can also install a 6"for the same price if you would like it to be larger but any bigger than that and the price of PVC pipe jumps way up. Please do not hesitate to call or email me if you have any questions or need additional information. Thanks, have a great weekend. Scott Copeland 161 141 DATE: 12/03/2024 Copeland Southern Enterprises,Inc. 1668 Many Road North Fort Myers,Fl,33903 OWNER INFORMATION: PROFESSIONAL SERVICES AGREEMENT BETWEEN COPELAND SOUTHERN ENTERPRISES,INC.AND TELEPHONE NQ: (239)245-7118/306 Fax No: (239)245-7120 Heritage Bay Community Development District in Naples E-MAIL:Justin.Faircloth(inframark.com OWNER INFORMATION: PROJECT MANAGER:Scott Copeland copelandsei( aol.com OWNER'S ADDRESS: 10154 Heritage Bay Blvd,Naples,FL 34120 FEE AND TYPE: BILL TO THE ATTENTION OF:Justin Faircloth,Assistant District Manager Time&Materials based upon the Rate Schedule in PROJECT NAME:North Lake 18 Rip Rap Lake Bank Restoration Project effect at the time service is rendered. Estimated Fees: WORK DESCRIPTION:Lake 18, 100'x 20'Wide with 6"to 12"Rip Rap on High Flow S Fabric anchored to slope with 8"DW ADS Pipe Extended and Re-set below Grade Not-To-Exceed Fixed Fee based upon the Rate REMARKS: 1)All guest and golfers will need to be notified by the board;of the repair Schedule in effect at the time service is rendered: done on the Lakes to stay clear of the repair areas for sidewalk will be closed during work hours.2)All Sprinkler heads and lines within the work area must be clearly marked before restoration begins 3)CSEI will call in a dig ticket 72 hours before work can start to allow Lump Sum Fixed Fee: $ 67,0110.00 utility companies time to mark the underground utilities within the work areas. 4)CSEI will need a staging area on site to store equipment, supplies and Rip Rap during the Total Fees: !C 67,000.00 project. 5)Crews will set up MOT around work areas and close sidewalk area in exhibit below during work hours to help insure the safety of the residents and guests during the project. Dear Justin, In Pursuant to your request,Copeland Southern Enterprises,Inc. is pleased to submit the following proposal for the Installation of Rip Rap North End of Lake 18 with 1 x 8"Drainage extension for the above-referenced project: SCOPE OF SERVICES(Limited to the follow ing): 1. Crews will set up MOT around work area for the safety of all and removed once the project has been completed 2. Crews will remove existing plants from North Lake Slope and haul away to county dump. 3. Crews will back fill slope with base rock and cut in a key ways at both top and bottom of slope and compact. 4. Crews will install High Flow fabric around the 3 newly planted Cypress Trees and anchor to slope with 6"Pins, 5. Crews will install 6 to 12"Rip Rap from bottom to top of slope and up against the back of South Sidewalk Curb. 6. Work is estimated to take 1.5 weeks to complete. Note: Any additional work and set-ices requested,and is not found in this Proposal can he done,but will require additional cost to be paid in full with proposal fee upon the completion of job. We at Copeland Southern Enterprises hope this meets your approval and satisfies your requirements.If so please sign the contract proposal 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 1 hereby authorize the performance of the above servi d agree to pay the charges upon the completion of the Job resulting there from as identified in the'NEE TYPE"section above. I have ,a/stand and agree to these Standard Business Terms. Authorized Signature: G..47Date: /271/2.4 Typed Name&Title: K1 W(N ( f u A 1 161 1AI Exhibit: Site Location and Work Areas • ,..-, i (?, .,/ i .71. . .., Sal 1 1.: . ... / . I _' A IR I I It • 14x..1 i . . , 'I, qto• '"••---r ' • , ..., /i,-It,' . '/ • - i ' 4 stt. -A. i.._.... 4. .1 k..,..m , \ , . ,, •4 .• la-- ' N 1 o el , • "1 1... $0. •r 1 r . 1, A ' • - ' .:il: s .' •• .1 A*: •)11"•.•Ps ----4,..:it,.• . •' ' . 6 .. -. f...'- • , 7.*J77' 1 ii..' . ..'' Ar-."i f . i • •• 6 i .01 t .7;1 i '/40•%,tr V,‘',%, ;... ri i . , .., -- -., ,-..-• .• 4% -eks 0, , a-, \...,. i 4 •-„ — - •::. 0 . . .....\% • % ki-s *., • ... ' ' CI' <6 t. 4S•illhania;O: 7imovitst.. ,limilimmi, -., I 44-•"""", ,---,7"----..,v-r- v 1.-ws..IPW- - - .4 .S. ___ • . • • • . 120 feet of 4"PVC Conduit4Crossi g - , . , ;Iii,2'Filak2ao&HF Or' Sidewalk Area Closed During i ork a Fabns ,.. . .- , ". • • it . , % ...‘•.. , oft * I • . ' •fi." 1 I • " . • .411) P'4 ,t t.,•••‘' al' ' 'I 4,4. ••,.,,: • . •# . v •' ,, i • s: ' • If 2 161 1A1 Justin Faircloth Inframark HERITAGE BAY CDD QUARTERLY INSPECTION Thursday, November 14, 2024 32 Issues Identified 161 1A1 ISSUE 1 Assigned To SOLi,u"e �► 'I' Lk 19-Lagoon littorals have been impacted by recent Illinois pondweed treatments. Littorals will be closely reviewed and if they do not flourish back SOLitude staff has committed to replanting the lagoon. ISSUE 2 Assigned To SOLitude Lk 30A-Trimmings from recent Illinois pondweed cutting events are gathering up along the southwestern bank of the lake. No -' issue with this presently. No significant issues observed on the , lakes and the channel under the bridge appeared clear for the most part but individual strands of pondweed were notice close to the surface on the lakes and 30B side. SOLitude staff were reminded about the trimming expectations on both large lakes. ISSUE 3 . .� Assigned To SOLitude / Board Lk 30B Southern Littoral Shelf-Healthy littorals were observed and great ground has been achieved in the eradication of the tall grass. Close treatment should be maintained to ensure the grass 74, does not thrive once again. Bare spots in the littoral shelf were pointed out and the board may wish to consider additional plantings to ensure non-natives do not take a foothold in the open areas. Stocking these shelves could also help to develop a healthy supply of littorals for future harvesting and transplanting on other lakes if allowed. -wow r ^- ..._ ISSUE 4 Assigned To Board ►:`.il:?111r.4.1111111"' Lk 30B-Control structure clear and flowing. 161 1A1 ISSUE 5 Assigned To Board Lk 30B Southern Littoral Shelf-The west end of the shelf has '�'; Brazilian pepper trees growing on Quarry Community Association or CDD property that will be addressed. ISSUE 6 5.C; 1w 1111110 Assigned To Board / SOLitude Lk 28-Step erosion noted on the northern bank. Board may wish to address in the future or at minimum watch for any further issues. Minimal hydrilla observed. Mat j ISSUE 7 Assigned To Board • Lk 29/30A Control Structure-Small depression observed again on * the eastern side of the structure. The area should be monitored to • ensure no movement of the structure. ISSUE 8 Assigned To SOLitude / Board Lk 27-Healthy littorals were observed, but the littorals on many of the lakes south of lake 19 appear to have been affected either by treatments or by weather events. There is a heavy band of spike - rush, but the littorals higher up on the shelf are largely absent. The board may wish to embark on a minor planting plan to fill in the gaps on the shelf and add color. 161 1A1 ISSUE 9 Hssiy,iuu io SOLitude / Board }. ' . Lk 26-The littorals on this lake appear to have been greatly 'L * impacted either by weather or by lake treatments. The littorals should be monitored to ensure they recover, but planting will likely be necessary. Ill's ISSUE 10 likk --Ast Assigned To SOLitude / Board 1. 4% * Lk 25-Control structure leading to lake 30A was flowing, but slowing down. The littorals again appear to have been impacted and should be monitored. Additional plantings may be needed. ISSUE 11 w' Assigned To Board .-------`-- Lk 22-No issues observed. Since littoral coverage on this lake is sparse the Board may wish to plant additional littorals. ,N ISSUE 12 „P. Assianed To Board € �,� ;: 4 • �„ Lk 24-No issues observed. Littorals appeared very healthy. This :: ; lake could be a potential harvest area for transplanting of littorals. r 16 11A1 ISSUE 13 "14 " Assigned To Board Q� Lk 21-The Club has installed grass around the drain south of lake �� 21. This is a great improvement for functionality of the drain and protection of the lake bank. iimp ISSUE 14 Assigned To Board 4' Lk 21-Recent work by the club has been completed around the lake. The solid ring of littoral plantings is easily identifiable. The • board may wish to add additional plantings to fill in the shelf. 'MIISSUE 15 Assigned To SOLitude '"'' = ..s- t Lk 18-No issues observed. . . 14if ,�s.; y -� ISSUE 16 VI Assigned To SOLitude . Lk 15-As requested at the last CDD meeting close attention was paid to the turbidity in the water column. No issues were observed f in fact the water was very clear. Decaying material was found on the bottom, but this is to be expected and normal. The littorals on Iiithis lake were incredibly healthy and their green color was a stark contrast to the brown spike rush found on more southerly lakes within the District. 161 1A1 4 OOP -t-'^-1101 ISSUE 17 Assigned To Board .0001 Lk 15-Copeland Southern Enterprises has completed a new • homeowner drain system on the western bank as previously � reported by the chairman. ,:s ISSUE 18 &azik,A_ ': Assigned To SOLitude / Board ..r :" Lk 13-Erosion noted on the west bank that should likely be addressed in the future. Palm fronds in the lake should be removed. ISSUE 19 Assigned To SOLitude ~ ........ Lk 14-Planted littorals are doingwell. Ito, •,,�� ,.suex lig ISSUE 20 A¢cinnarl Tn S(1I it!irlo -' ' • Lk 5-Control structure barely flowing leading to lake 6. Brazilian pepper tree should be removed in the northeast corner of the • :;, ; lagoon south of the bridge. 161 . Ai ISSUE 21 Assigned To SOLitude ti `. .,"'" Lk 5-Lilies noted in the center of the lake. Great littorals all 'A'1111 around. x.. ,.., 414 4 ISSUE 22 - Assigned To SOLitude Lk 4-Chara or Muskgrass observed should be treated. Lilies in the middle corner of the lake should be treated as well. .a> ISSUE 23 'ea Assigned To SOLitude Lk 3-Minor lilies and cattails observed in the lake should be treated. ISSUE 24 s" Accinnarl Tr) qr.)I it'irlp Lk 1-Cattails observed on the north bank should be sprayed out to prevent them from becoming established. 16I 1A1 ISSUE 25 Assigned To SOLitude Lk 10-Minor torpedo grass observed among the littorals. •r lik,- , , - ..... ae ' ISSUE 26 'Nil-l • . ' Assigned To Board ..• . , Lk 7-Debris noticed over top of the drains that were recently �• > " uncovered. This area should be monitored to ensure no issues x ' remain. ISSUE 27 Assigned To SOLitude Lk 8-Sonar to begin soon to treat the Illinois pondweed. - lour .- •'-3 ye. 1 -'1 ISSUE28 ` ` �It,a ASqinnPri Tr) cnl iti Or Lk 9-Sonar treatment to begin soon. Pipes remain floating in the i lake. The board may wish to have these removed, however, they _ are presently attached and cannot just be pulled out. 161 1A1 .;:� ;, _ ,: ra - ISSUE 29 - __ 4 ssignea (o Board -1~''e2. Lk 6-Possible Illicit discharge discovered on the south bank with potr.airr. �i ' someone washing out their construction items. Sabal palms on tip ., the south bank by the control structure should be removed. •" `I - :_ Control structure to lake 20 flowing. .:',> ISSUE 30 Assigned To SOLitude _ 1 - #:• ,4, Lk 12-Discarded house plants found in the lake along with their pots. Such items should not be discarded in the lakes as they can introduce invasives or problematic plants into the lakes. *'• ISSUE 31 Assigned To Board 14 fig: Lk 20-The north bank rip rap was reviewed as requested at the last CDD meeting to see if there are any problematic areas that ,;Y •, should be addressed. While some low spots were observed specifically on the northeast side no significant issue was ,' t, apparent. The board might want to have the engineer compare on oa • '1 ' l' site conditions to any as builts that may be available from the prior repair project. 16110 - 711 ISSUE 32 Assigned To SOLitude Lk 20-Lilies in the lake should be treated. A plan to rid the western littoral shelf of torpedo grass was requested. The littoral mitigation area may also require plantings to remain in compliance. The littorals that were planted on the southwestern side of the lake :. appear to be doing well, but this dry season should reveal the full a...a Nj. I outcome as the plantings recover from the high water levels of the summer. 161 1 Al Frank Cascerceri 10338 Gator Bay Court Naples, FL 34120 Dear Mr. Cascerceri, The Heritage Bay CDD has embarked on a progressive program to install drainage lines from all buildings and homes within the CDD which a-but the CDD takes. This is designed to capture all drainage waters and route the water accumulated from existing gutter and downspouts and channeling it directly into the lake. As you no doubt are aware,the CDD has specifically completed all new drainage lines on Gator Bay Court and more specifically installed drainage lines from 3 of your existing downspouts. This work was completed during the summer of 2024. As you and I have discussed, due to heavy rains during this summer resulting in high lake levels,we had to curtail the planned rebuilding of the lake banks adjoining your property (east and south sides)and we expect to complete this work in the spring/summer of 2025. Furthermore,as you will recall, I have expressed concerns regarding your pool overflow which in turn is creating a lake bank washout situation. This overflow must be remedied before we can attempt any lake bank rebuilding as the new work could likely be damaged. Furthermore,the last time we spoke,you indicated that you would consult with your pool company for a resolution and get back to me with your planned course of action. I also sent you emaits dated October 17 and 24,2024,asking for your planned course of action to resolve this issue. I have not received any responses from you. As I have explained,while your pool overflow,as designed, is functioning properly in that it is allowing the pool overflow to flow over your lawn before entering the lake,the pool is discharging excessive amounts of water causing damage to the take bank. The excessive overflow needs to be addressed internally with your pool. (Note that it is illegal, and against the CDD operating permit and Collier County guidelines,to allow any pool overflow waters to flow via a drain line into the take so adding a drain line from your pool to the lake is not permitted.) The CDD is requesting that you provide evidence that you have remedied this pool drainage before the CDD attempts the completion of the planned rebuilding of the lake bank. We would like this information on or before January 31, 2025,which is the anticipated 161 commencement date of the take bank work. If you do not complete the remedial action on the excessive pool overflow and the CDD proceeds with the take bank work on the planned schedule,the CDD reserves the right to hold you responsible for any subsequent damage to the take bank caused by your pool overflow. The CDD may seek damages from you in such a case. As you might imagine,the CDD would like to avoid such an instance and correct the situation in advance of the work. It is worth noting that the CDD, despite having the right, has not to this point individually pursued property owners for damages to our take banks as we have endeavored on community-wide corrective actions. As such,we are asking for cooperation to avoid future damage. In the absence of corrective action relating to your pool overflow, if you would like to pay for the installation of rip rap stones at the water's edge to harden the shoreline against your pool drainage,the CDD could provide a quote for such additional work. We would require that you pay this cost up front to the CDD prior to the CDD undertaking the lake bank work. I look forward to discussing this with you and learning of your plans to remedy this situation immediately. I do wish to point out that, of all the single-family homes, with pools,which a- but a CDD lake,your pool overflow is the only property causing ongoing and extensive take bank damage. The CDD will rely on our CDD engineering team to investigate your planned remedy and to assure us that it is compliant with our operating permit and that it will remedy the situation. Again, if this is not remedied by the time of our planned spring/summer 2025 work,we will be forced to proceed with our work and hold you responsible for any future damage to the lake bank. Thanks for your immediate attention, fJ Ed Chairman-Heritage Bay CDD ehubbard@heritagebaye com 239-248-4497 Enclosure: emails dated October 17 and October 24, 2024 161 1A1 Outlook Fw:Cascerceri--Lake bank damage caused by pool overflow From Edwin Hubbard <ehubbard@heritagebaycdd.com> Date Thu 10/24/2024 11:58 AM To frankcascerceri@gmail.com <frankcascerceri@gmail.com> Cc Edwin Hubbard <ehubbard@heritagebaycdd.com> Follow up email. Frank, I am following up on my original email, attached,to make sure you have received my request on behalf of the CDD. Please confirm receipt of this second email and related request for follow up action on your part. As always, I am available to discuss this matter with you at your convenience. Thank you, Ed Hubbard 239-248-4497 Get Outlook for iOS From:Edwin Hubbard Sent:Thursday,October 17,2024 3:42:10 PM To:frankcascerceri@gmail.com<frankcascerceri@gmail.com> Subject:Cascerceri—Lake bank damage caused by pool overflow Hi Frank, I see you have returned to HB. Welcome back! Back at the beginning of the summer, you and I spoke about our continued concern regarding your pool overflow and the damage it is causing to our lake bank. I can state unequivocally that of all the single-family homes with pools, your pool is the only pool causing this damage. As you are aware, the CDD has taken the necessary steps, at our cost, to alleviate drainage issues from existing gutters and downspouts and we did complete all the Gator Bay Ct. homes this summer; including your three downspouts. Due to the early onset of heavy rains this summer, we did not get a chance to complete the lake bank rebuild on the east and south sides of your property; we will plan to complete this work in 2025. I will advise when we will be onsite to start this work. When you and I last spoke, I believe in May or June,you indicated an awareness of this issulA 1 A 1 indicated that you would contact your pool service to attempt to better understand this issue and hopefully provide some remedy. Have you made this contact, and can you provide some explanation as to what your planned course of action will be? We have time on our side as again, we will not be starting the lake bank work for at least 7 months. This issue must be addressed and rectified before we start our work. As always, I am available to meet with you, and perhaps your pool service provider, if you would like. Please keep me updated as to your planned course of action. Regards, Ed Hubbard Chairman- Heritage Bay CDD 239-248-4497 Get Outlook for iOS 161 1 A 1 From: Touzin,Joan To: Swade,Janice Subject: Re: HBCDD-RE:Cascerceri letter Date: Friday,January 3,2025 2:51:04 PM Attachments: image001.onq imaae002.onq imaae.pnq Outlook-Inframark .onq Mail sent! U.S. Postal Service" CERTIFIED MAILS RECEIPT Domestic Mail Only ri 10 For delivery information,visit our website at www.usps.com'. .11 RO {t udr♦ _�le_• rli 4;1: rt .lal 11° 0$WS•Ore a.cact!w $--$0_(ID P031 QCert➢se RranaW DO / $--tq.1.� Herd RA elwat SQsare RICIA•C 't f r. . . y QADA SKr �'e war•aee og eY S .1114. • S- -. and fps ....-f<f i.. • volt To '74- efi :.. and Ata:....9a+r PS Form 8800. JenallrY' -,.z:.. - Sii+Reverse tog Distractions 161 1A1 Joan Touzini Administrative Assistant Ill 6INFRAMARK WATER & INFRASTRUCTURE SERVICES 313 Campus St. I Celebration FL 34747 (0) 407.566.1935 I www.inframarkims.com From:Swade,Janice<janice.swade@inframark.com> Sent: Friday,January 3, 2025 2:23 PM To:Touzin,Joan <joan.touzin@inframark.com> Subject: RE: HBCDD-RE: Cascerceri letter It does not necessarily need to go overnight. I would say just send it so that the person will get it in the next few days. My cell#if you want to call me is 954-684-1967. From:Touzin,Joan <joan.touzin@inframark.com> Sent: Friday,January 3, 2025 1:39 PM To:Swade,Janice<janice.swade@inframark.com> Subject: Re: HBCDD-RE: Cascerceri letter Okay,just to confirm that this does not need to go overnight? Once I leave here I can't ask any more questions Joan Touzini Administrative Assistant III 6INFRAMARK 313 Campus St. I Celebration FL 34747 (0) 407.566.1935 I www.inframarkims.com From:Swade,Janice<ianice.swadePinframark.corn> Sent: Friday,January 3, 2025 12:16 PM To:Touzin,Joan <joan.touzin( inframark.com> Subject: RE: HBCDD-RE: Cascerceri letter Thank you once again! 161 1A1 From:Touzin,Joan <joan.touzin( inframark.com> Sent: Friday,January 3, 2025 12:15 PM To:Swade,Janice<janice.swadePinframark.com> Subject: Re: HBCDD-RE: Cascerceri letter Sure, no problem! Joan Touzini Administrative Assistant Ill 61NFRAMARK 313 Campus St. I Celebration FL 34747 (0) 407.566.1935 I www.inframarkims.com From:Swade,Janice<janice.swadePinframark.com> Sent: Friday,January 3, 2025 12:14 PM To:Touzin,Joan <joan.touzinPinframark.com> Subject: RE: HBCDD-RE: Cascerceri letter Yes, if you could, I would appreciate it. From:Touzin,Joan <joan.touzinPinframark.com> Sent: Friday,January 3, 2025 12:09 PM To:Swade,Janice<janice.swadehinframark.com> Subject: Re: HBCDD-RE: Cascerceri letter Hi Janice, We have no certified letter forms here in the office. I can bring it to the post office in little bit. I'll take pictures and send them to you when I get it done.Would that work? Joan Touzini Administrative Assistant Ill 61NFRAMARK WATEA S. ttiFRASFRUC TURF Si< . 161 1A1 313 Campus St. I Celebration FL 34747 (0) 407.566.1935 I www.inframarkims.com From:Swade,Janice<janice.swadeCainframark.com> Sent: Friday,January 3, 2025 11:57 AM To:Touzin,Joan <ioan.touzinlainframark.com> Subject: FW: HBCDD-RE: Cascerceri letter It needs to be sent via regular U.S. Mail. Can you please copy any form that you would have to fill out to make it Certified? From: Faircloth,Justin <justin.fairclothCa inframark.com> Sent: Friday,January 3, 2025 11:44 AM To:Swade,Janice<janice.swade( inframark.com> Subject: RE: HBCDD-RE: Cascerceri letter Importance: High Janice, Can you send this letter out today or Monday? We need to send it out certified with signature confirmation. I need to be able to confirm he has received it. Thank you. Sincerely, Justin Justin Faircloth I CAM, CDM I District Manager INFRAMARK 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. From: Faircloth,Justin <justin.fairclothcinframark.com> Sent:Tuesday, December 31, 2024 9:14 AM 161 1A1 To:Swade,Janice<janice.swade(ainframark.com> Subject: HBCDD-RE: Cascerceri letter We will take care of this on Friday. You were out of the office when he made the request. 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. From:Swade,Janice<janice.swadePinframark.com> Sent: Monday, December 30, 2024 7:30 AM To: Faircloth,Justin <justin.fairclothPinframark.com> Subject: FW: Cascerceri letter I'm not sure what he is referring to. From: Edwin Hubbard <ehubbardPheritagebaycdd.com> Sent: Monday, December 30, 2024 7:05 AM To:Swade,Janice<janice.swadel@inframark.com> Subject: Cascerceri letter This Message Is From an External Sender .,. This message came from outside your organization. Please use caution when clicking links. Good morning Janice, As Justin and I set up, please plan to send out the Cascerceri letter(USPS-registered mail??) on January 6 and of course let me know if there are any issues delivering the letter as well as acknowledgment of receipt please. 161 1A1 Any questions please advise. Happy New Year, Ed Get Outlook for iOS 1641Al Heritage Bay Community Development District Financial Statements (Unaudited) October 31, 2024 161 1A HERITAGE BAY Community Development District Table of Contents Page# FINANCIAL STATEMENTS BalanceSheet -All Funds .................................................................................... 1 Statement of Revenues, Expenditures and Changes in Fund Balance GeneralFund .................................................................................... 2-3 DebtService Fund .................................................................................... 4 SUPPORTING SCHEDULES TrendReport .................................................................................... 5-6 Non-Ad Valorem Special Assessments ..................................................................... 7 Cash and Investment Report .................................................................................... 8 BankReconciliation .................................................................................... 9 CheckRegister .................................................................................... 10 161 1A1 Heritage Bay Community Development District Financial Report October 31, 2024 Prepared by 6INFRRAMARK 1 NIA I.$T V'.ti*J NAN A.iLMLYY St�tl'1�L1 HERITAGE BAY 16 1 1 A 1 Community Development District Governmental Funds Balance Sheet October 31, 2024 SERIES 2018 DEBT ACCOUNT DESCRIPTION GENERAL FUND SERVICE FUND TOTAL ASSETS Cash-Checking Account $ 471,358 $ - $ 471,358 Due From Other Funds - 45,405 45,405 Investments: Money Market Account 725,899 - 725,899 Prepayment Account - 10,750 10,750 Reserve Fund - 386,063 386,063 Revenue Fund - 692,873 692,873 TOTAL ASSETS $ 1,197,257 $ 1,135,091 $ 2,332,348 LIABILITIES Accounts Payable $ 33,337 $ - $ 33,337 Accrued Expenses 413 - 413 Due To Other Funds 45,405 - 45,405 TOTAL LIABILITIES 79,155 - 79,155 FUND BALANCES Restricted for: Debt Service - 1,135,091 1,135,091 Assigned to: Operating Reserves 108,253 - 108,253 Reserves-Erosion Control 14,687 - 14,687 Reserves-Lakes 487,475 - 487,475 Reserves-Stormwater System 95,585 - 95,585 Unassigned: 412,102 - 412,102 TOTAL FUND BALANCES $ 1,118,102 $ 1,135,091 $ 2,253,193 TOTAL LIABILITIES&FUND BALANCES $ 1,197,257 $ 1,135,091 $ 2,332,348 1 HERITAGE BAY Gelb I'und A 1 Community Development District Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending October 31, 2024 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ 46,863 $ 3,905 $ 4,649 $ 744 Special Assmnts-Tax Collector 553,754 - 3,806 3,806 Special Assmnts-Reserves 31,250 - 215 215 Special Assmnts-Discounts (23,400) - (206) (206) TOTAL REVENUES 608,466 3,905 8,464 4,559 EXPENDITURES Administration P/R-Board of Supervisors 9,181 765 - 765 FICA Taxes 689 57 - 57 ProfServ-Arbitrage Rebate 600 - - - ProfServ-Dissemination Agent 1,500 125 125 - ProfServ-Engineering 12,000 1,000 149 851 ProfServ-Legal Services 11,500 958 - 958 ProfServ-Mgmt Consulting 53,640 4,470 4,470 - ProfServ-Property Appraiser 8,053 - - - ProfServ-Special Assessment 7,651 - - - ProfServ-Trustee Fees 8,468 8,468 2,443 6,025 ProfServ-Web Site Maintenance 1,275 106 106 - Auditing Services 5,000 - - - Website Compliance 1,553 129 - 129 Postage and Freight 1,000 83 - 83 Insurance-General Liability 9,419 9,419 9,086 333 Printing and Binding 1,800 150 - 150 Legal Advertising 2,000 167 300 (133) Misc-Bank Charges 100 8 - 8 Misc-Assessment Collection Cost 11,700 - 76 (76) Misc-Web Hosting 1,500 125 - 125 Office Supplies 100 8 90 (82) Annual District Filing Fee 175 175 175 - Total Administration 148,904 26,213 17,020 9,193 Field ProfServ-Field Management 4,958 413 413 - R&M-Contingency 100 - - - Total Field 5,058 413 413 - 2 161 HERITAGE BAY A Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending October 31, 2024 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) Lakes and Ponds Contracts-Lake and Wetland 71,200 5,933 5,600 333 Contracts-Water Analysis 9,861 822 - 822 Contracts-Water Quality 20,905 1,742 9,400 (7,658) Contracts-Lakes 30A&30B 24,000 2,000 2,000 - Contract-Sediment Testing 5,483 457 - 457 R&M-Aquascaping 4,175 348 - 348 R&M-Stormwater System 4,000 333 - 333 R&M-Lake Erosion 131,250 10,938 - 10,938 R&M-Contingency 8,175 681 - 681 Reserve-Lakes 157,000 157,000 - 157,000 Reserve-Stormwater System 18,455 18,455 - 18,455 Total Lakes and Ponds 454,504 198,709 17,000 181,709 TOTAL EXPENDITURES 608,466 225,335 34,433 190,902 Excess(deficiency)of revenues Over(under)expenditures - (221,430) (25,969) 195,461 Net change in fund balance $ - $ (221,430) $ (25,969) $ 195,461 FUND BALANCE, BEGINNING(OCT 1,2024) 1,144,071 1,144,071 1,144,071 FUND BALANCE, ENDING $ 1,144,071 $ 922,641 $ 1,118,102 3 16 11A1 HERITAGE BAY Series 2018 Debt Service Fund Community Development District Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending October 31, 2024 ANNUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) REVENUES Interest-Investments $ - $ - $ 4,228 $ 4,228 Special Assmnts-Tax Collector 1,689,155 - 11,608 11,608 Special Assmnts-Discounts (67,566) - (594) (594) TOTAL REVENUES 1,621,589 - 15,242 15,242 EXPENDITURES Administration ProfServ-Property Appraiser 25,337 25,337 - 25,337 Misc-Assessment Collection Cost 33,783 - 220 (220) Total Administration 59,120 25,337 220 25,117 Debt Service Principal Debt Retirement 1,140,000 - - - Interest Expense 426,444 - - - Total Debt Service 1,566,444 - - - TOTAL EXPENDITURES 1,625,564 25,337 220 25,117 Excess(deficiency)of revenues Over(under)expenditures (3,975) (25,337) 15,022 40,359 OTHER FINANCING SOURCES(USES) Contribution to(Use of) Fund Balance (3,975) - - - TOTAL FINANCING SOURCES(USES) (3,975) - - - Net change in fund balance $ (3,975) $ (25,337) $ 15,022 $ 40,359 FUND BALANCE,BEGINNING(OCT 1,2024) 1,120,069 1,120,069 1,120,069 FUND BALANCE,ENDING $ 1,116,094 $ 1,094,732 $ 1,135,091 4 a 161 iQi e — ewe , r, eee ,0001 000 e eooaCX En a i aCI.) 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O d TS NO ) O > (N.I () L Cam) < V/ LL ❑ m ce Gam) Z C Z G1) Fa- � J ER ER ❑W - cn C o C) v U O c J u1 d N Q J J m 00 .(' a c ti) �6) O O 1--' W a Ce (0 o o 0 0 Q Q o Q c H = E W o = 0 161 1A HERITAGE BAY Community Development District Cash & Investment Report October 31,2024 ACCOUNT NAME BANK NAME YIELD BALANCE OPERATING FUND Operating Checking Valley National Bank 4.85% $471,358 * Money Market Account BankUnited 4.39% 725,899 Subtotal $1,197,257 DEBT SERVICE AND CAPITAL PROJECT FUNDS Series 2018 Prepayment Account Fund U.S. Bank 4.96% 10,750 Series 2018 Reserve Fund U.S. Bank 4.96% 386,063 Series 2018 Revenue Fund U.S. Bank 4.96% 692,873 Subtotal 1,089,687 Total $2,286,944 *A transfer from GF to DS in the amount of$45,405.00 will be on November 25, 2024. 8 Bank Account Statement 161 1 A T Heritage Bay CDD Bank Account No. 9050 Statement No. 10-24 Statement Date 10/31/2024 G/L Account No.101003 Balance 471,358.29 Statement Balance 472,089.79 Outstanding Deposits 0.00 Positive Adjustments 0.00 Subtotal 472,089.79 Subtotal 471,358.29 Outstanding Checks -731.50 Negative Adjustments 0.00 Ending Balance 471,358.29 Ending G/L Balance 471,358.29 Document Posting Date Type Document No. Description Amount Cleared Amount Difference Outstanding Checks 10/21/2024 Payment 100007 Inv:108 -731.50 -731.50 Total Outstanding Checks 9 !2 } j j } \ \ j \ U \ 0 0 ( { j § CO CO } k " " ® § \ k i §§ \ §§ \ 0 \ e - ) k ) ) ) 2 .le2 ( k / J ] A ( J § / k ) k 2 \ CO ) / 4 2 § Bo o _ CO CO CO CO G co G co G » z J to co o C o. R \ G CO \ / 0 § _ CO - _ m § § 0 > \ w \ W } AI- § < a) a) CO \ § ) ) 2 \ CO } 0 0 § ) ty Z CO LLI 2 § CV a 2 e \ \ / � � - / r-. £ $Zeeo ƒ ® ) CV ( § § k � 2 / \ \ < _ / \ \ \ \ § k27 § § § 2 _ \ § § LL Wj U / 0_ } § } 0 CO § § � \ a © > > > W u 0. E 0 0 & / § j ) < - % \ \ \ } CO CO } } / / * 0- I- SS \ / / 0. / 3 $ § 0 5 zz A 2 2 } } } § \ \ [ $ 0 0 0 Z Z I- } } } Z § I- } \ ± ± iti 0 0 \ mn § $ 12 Z o D CU (N 2 s / / 000 \ \ / ; ; ; ° r ; 0 ° ; 0 ° ] � z 0 - - - 3 — § o— § '— � ,- •- # •- ,- = z § § Gaa 20 10 § a 100 100 Y'O 0 0 .. N N 0 0 0 0 0 0 0 00 ' N 000 0 6 1 1 I` C O M O cy fU (p M ((0 ( 0 0 0 '0 '0 0 : co M (') O 2 (o V ,,,op O O E a ��� as N Vi 69 V . N (N N N v. 0 0 Q Vi 69 H (A v)69 to) kn.to » w w w io (o ;° :° :9 1° YIC u a 7 N N I.-- r N O a) Y N d u DI M COO U M V M U M U M M V M V o w QIn 7, N (n In N N C L J 0 N N N O I- U 0 0 0 0 0 0 O CO0 0 0 0 01 (` coM M cc) 7 O V.0 0 N ? M M N N N U. I- N N 0 N C 0 O M p. a Q Na 0 co 0 - 0 u M°a 3 N Z en Q O c o Y c in d a, 0 CO o C 0 .N CO Y Y w ` m 0) J w -I -Iw F- w > (I) en coLL 0 Q Q w w m m F_ w ct w a (~i) w o) ' 0 0 0 2 CO OOa < _I d LL UU I- F a v I— N w Z a 2 cr, N 0_ -o o ^ N O ° O Z --I u_ el o M 2 /7 m WO Q H O) N Z Z a-. N Y O N • 7 N N r N O N c N N N "' J CI O Zr N I- d O L Q Z E >. >. a_ d d 0) = J J w w C O -0d Q Q Q CO F F- LL lwL V 0_ N cn Q Q Q Q LL N N CD 0 › a ¢ a < w F I- 7 D 0 OO ID >> > _I a a CC w IL Z N N ccr d N V N 1 I- O r CODI el Cc) 0 O O IX C M M M '0 CO N In M M w ((°o 0 m a s N n _ . d a E w O U I-CO --I O Z Z O Y w w > J .5 2 to a U ¢ a o as o z m a 0 0 J CC CC a a ¢ r a 0 0 0 Z R22 Z W O 2 7171 Nfq O Z Z Z 0 0U 0 W W j Z 0) ' N N N N N N N N N N Iq N N N (O h OD O - M M 0 0 0 0 O N O N O N N N N N 0 O O O O C. 0 D O Q O Q O O 0 O O 0 0 • 0 '- N- * O F 0 W ?- at u It x at Y Y Y Y Y Y C p Z W 0 0 0 W 0 W 0 W 0 W 0 0 W 0 0 LL Z W = 0 0 0 = 0 = O = O = 0 0 = 0 0 0 0 0 0 0 0 0 Coleman, Yovanovich & Koester, P.A. Northern Trust Bank Building 161 6 1 1 A 1 4001 Tamiami Trail North, Suite 300 1 1 Naples, Florida 34103-3556 Telephone: (239)435-3535 Fax: (239)435-1218 Page: 1 Heritage Bay CDD September 30, 2024 c/o Inframark File No: 6176-001 M 210 N. University Dr. Suite 702 Statement No: 108 Coral Springs FL 33071 Attn: Justin Faircioth Gen Rep SENT VIA EMAIL TO: inframark@avidbill.com Previous Balance $1,309.00 Fees Hours 08/01/2024 GLU Review email correspondence from Justin Faircloth on action items; Review and respond to email correspondence from Justin Faircloth; Initial review of memo 0.25 96.25 08/07/2024 GLU Review multiple email correspondence regarding updated mail notice; review same; Draft email correspondence regarding notice 0.50 192.50 08/09/2024 GLU Telephone conference with Justin Faircloth regarding board items including pursuit of federal lawsuit 0.40 154.00 08/22/2024 GLU Conference to discuss issues regarding potential claim for FEMA recovery; review contingency rules; Review and respond to email correspondence from Justin Faircioth 0.75 288.75 Professional Fees through 09/30/2024 1.90 731.50 Total Current Work 731.50 Payments Total Payments Through 09/30/2024 -1,309.00 Balance Due (includes previous balance, if any) $731.50 611Ut Invoice @pl 500 West Fulton Street Sanford,FL 32771 407-322-6841 Justin Faircloth September 27,2024 Heritage Bay Community Development District Project No: 201.0S28902.000 CIO INFRAMARK Invoice No: 162051 210 N. University Drive Suite 702 Coral Springs, FL 33071 Meetings&Miscellaneous Services at 10154 Heritage Bay Blvd. Naples, FL-Collier County Professional Services through September 20,2024 Professional Personnel Hours Rate Amount Administrative 4.50 75.00 337.50 Project Engineer 23.00 120.00 2,760.00 Administrative .50 75.00 37.50 Principal 7.00 190.00 1,330.00 35.00 4,465.00 Total Labor 4,465.00 Total this Invoice $4,465.00 Outstanding Invoices Number Date Balance 161748 8/23/2024 608.70 Total 608.70 Billings to Date Current Prior Total Labor 4,465.00 65,275.00 69,740.00 Expense 0.00 431.87 431.87 Unit 0.00 1,767.40 1,767.40 Totals 4,465.00 67,474.27 71,939.27 161 IA , Project 201.0S28902.000 INFRAMARK/Heritage Bay; Meeting&Misc Invoice 162051 Billing Backup Friday, September27,2024 CPH Consulting, LLC Invoice 162051 Dated 9/27/2024 1:09:00 PM Professional Personnel Hours Rate Amount Administrative Mahaffey, Skylar 8/23/2024 3.00 75.00 225.00 SWFWMD ERP Permit plan search Mahaffey, Skylar 9/9/2024 1.50 75.00 112.50 HLP CDD-Storm Water Managment System,structure priority callout Project Engineer San Juan, Isamar 5/31/2024 2.00 120.00 240.00 Inpsection report for stuctures San Juan, Isamar 6/6/2024 .50 120.00 60.00 Heritage Bay CDD meeting San Juan, Isamar 8/23/2024 4.00 120.00 480.00 SFWMD ERP-permitted plans search Cocohatchee canal data-flow and depth San Juan, Isamar 8/26/2024 4.00 120.00 480.00 SFWMD permit search-conditions of west swale on bonita bay. SFWMD-conditions on COCO1, COCO2, COCO3 San Juan, Isamar 8/27/2024 3.00 120.00 360.00 SFWMD permit search-conditions of west swale on bonita bay. San Juan, Isamar 8/28/2024 1.50 120.00 180.00 SFWMD permit search-conditions of west swale on bonita bay. San Juan, Isamar 9/9/2024 5.00 120.00 600.00 Standing water issues-building A Structure report update San Juan, Isamar 9/10/2024 3.00 120.00 360.00 Standing water issues-building A Structure report update Administrative Cutts,Allahvab 8/27/2024 .50 75.00 37.50 Administrative support Principal Lopez,Albert 8/26/2024 1.00 190.00 190.00 SFWMD research to confirm Bonita Bay stormwater discharge and Cocohatchee canal design Lopez,Albert 8/27/2024 .50 190.00 95.00 SFWMD research to confirm Bonita Bay stormwater discharge and Cocohatchee canal design Lopez,Albert 8/28/2024 1.00 190.00 190.00 SFWMD research to confirm Bonita Bay stormwater discharge and Cocohatchee canal design Lopez,Albert 8/29/2024 .50 190.00 95.00 SFWMD research to confirm Bonita Bay stormwater discharge and Cocohatchee canal design Lopez,Albert 8/30/2024 1.00 190.00 190.00 SFWMD research to confirm Bonita Bay stormwater discharge and Cocohatchee canal design Lopez,Albert 9/5/2024 3.00 190.00 570.00 CDD meeting attendance 35.00 4,465.00 Total Labor 4,465.00 6 1 1 Project 201.0S28902.000 INFRAMARK/Heritage Bay; Meeting&Misc Invoice 162051 Total this Project $4,465.00 Total this Report $4,465.00 ' Iwk 6INFRAMA INFRASTRUCTURE MANAGEMENT SERVICES HERITAGE BAY COMMUNITY DEVELOPMENT DISTRICT November 7, 2024 — CDD Meeting Board of Supervisors Edwin Hubbard, Chairman Justin Faircloth, District Manager F. Jack Arcurie, Vice Chairman Gregory L. Urbancic, District Counsel Steven Bachenberg, Assistant Secretary Albert Lopez, District Engineer Allen Soucie, Assistant Secretary Vacant, Assistant Secretary The next meeting is scheduled for Thursday, December 5, 2024 at 9:00 A.M. Deadline for agenda packet submissions is Friday 11/22/24 by noon. Action Items 1. District Manager— Follow up with DLC on next steps/recommendations, cost projections, and chances of success regarding the possible pursuit of action against FEMA due to the recent Supreme Court decision in the Chevron case. 2. District Manager— Have CSEI lake 23 proposal executed, return to recording, and have work completed. 3. District Manager— Have CSEI provide proposal for the repair and build up of the north bank of lake 18. 4. District Manager— Review lake 15 closely during the 11/14/24 inspection. 5. District Manager— Monitor lake 14 interconnects. 6. District Manager— Monitor lake 20 west bank mitigation area for littoral regrowth. 7. District Manager— Have CSEI complete the contract and FY2024 repairs to lakes 4, 6, 15, 19, & 20. 8. District Manger— Have goals and objectives report posted to the District's website by 12/1/2025 as required by HB7013. 9. District Manager—Complete the November 14th quarterly review with Supervisor Arcurie & SOLitude. 10. Engineer— Provide PDF document with a single diagram of each lake on a 8 1/2"x11" sheet so Supervisors can use the document for observations during future inspections. 11. Engineer— Provide recommendations to address the illicit discharge concern of the pool on the NW corner of lake 7. 12. Engineer— Have FY2025 WQ work completed and March 2025 water quality work scheduled with Supervisor Soucie. 13. Engineer— Have additional DO sample sites included in the March 2025 WQ testing. 14. Engineer—Attend the April 2025 quarterly inspection to complete the requirements adopted by the Board as required by HB7013 at their 7/11/24 meeting. 15. Finance— Have the FY2024 audit completed and included in the 6/5/25 agenda packet. 16. Finance — Provide draft FY2026 budget to the district manager for review by 1/27/25 as the budget will need to be included in the 3/6/25 agenda packet. 17. Recording — Return FY2024 audit engagement letter to Grau & Associates and have the audit begun. 18. SOLitude —Complete the Willow removal in the littoral shelf of lake 4 between the 14th green and 15th tee box. 19. SOLitude— Provide written plan for addressing issues with lake 19 Illinois poindweed and littorals going forward for the 12/5/24 meeting. 20. Supervisor Hubbard — Update the Lake Management Assessment list as needed 1611111 Quarry Community Development District 16 I I A 2 Inframark, Community Management Services 11555 Heron Bay Boulevard, Suite 201, Coral Springs, Florida 33076 Tel. (954)282-0070 DATE: April 22, 2025 Mr. Derrick Johnssen CLERK OF THE CIRCUIT COURT Finance Department Derek.johnssen@collierclerk.com FROM: Janice Swade Lead District Administrative Assistant RE: Quarry Community Development District November 11, 2024 Meeting Minutes, as Approved December 9, 2024 Enclosed for your records is a copy of the minutes and corresponding attachments of the above- referenced meeting of the Quarry Community Development District, which are to be kept on file for public access. Encl: Cc: Mr. Wes Haber Wesley.Haber@KutakRock.com 16 I IA2 MINUTES OF MEETING QUARRY COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of Quarry Community Development District was held Monday,November 11, 2024 at 1:00 p.m. at Quarry Beach Club, located at 8975 Kayak Drive,Naples, Florida 34120. Present and constituting a quorum were: Dean Britt Chairperson (Remotely) Rick Fingeret Vice Chairperson William Patrick Assistant Secretary Mel Stuckey Assistant Secretary Thel Thomas Whitley, Jr. Assistant Secretary Also present were: Justin Faircloth District Manager Wes Haber District Counsel (Remotely) Albert Lopez District Engineer Mark Puthoff Quarry Community Association Various Residents Following is a summary of the discussions and actions taken. FIRST ORDER OF BUSINESS Call to Order Mr. Faircloth called the meeting to order and called the roll.A quorum was established. On MOTION by Mr. Patrick, seconded by Mr. Fingeret, with all in favor, Mr. Britt was authorized to attend the meeting and vote remotely. (4-0) SECOND ORDER OF BUSINESS Pledge of Allegiance The Pledge of Allegiance was recited. I6 1 1 A 2 November 11, 2024 Meeting Quarry CDD THIRD ORDER OF BUSINESS Approval of Agenda • Mr. Faircloth noted that the Motion to Assign Fund balance on Page 30 of the agenda package was incorrect,and that Reserves-Other should be listed at$200,000 instead of$100,000. On MOTION by Mr. Whitley, seconded by Mr. Patrick, with all in favor,the Agenda for the Meeting was approved, as amended. (5-0) FOURTH ORDER OF BUSINESS Public Comments on Agenda Items • A resident commented on the Lake 32 erosion on the north bank. Staff noted the erosion had already been documented, and was planned to be addressed with the work being planned for Phase III. FIFTH ORDER OF BUSINESS District Manager's Report A. Approval of the October 14,2024 Minutes Mr. Faircloth presented the Minutes of the October 14, 2024 Meeting, and requested any additions, corrections or deletions. There being none, On MOTION by Mr. Stuckey, seconded by Mr. Fingeret, with all in favor,the Minutes of the October 14, 2024 Meeting were approved, as presented. (5-0) B. Acceptance of the Financial Report, and Approval of the Check Register and Invoices as of September 2024 There being no comments or questions, On MOTION by Mr. Fingeret, seconded by Mr. Whitley,with all in favor,the Financial Report as of September 2024 was accepted,and the Check Register and Invoices as of September 2024 were approved. (5-0) 2 161 1 A 2 November 11, 2024 Meeting Quarry CDD C. Motion to Assign Fund Balance On MOTION by Mr. Stuckey, seconded by Mr. Whitley, with all in favor, the Motion to Assign Fund Balance was approved, as amended earlier in the meeting with Reserves-Other to be listed at $200,000. (5-0) D. Follow-Up Items i. Open Action Items List Mr. Faircloth reviewed the action items with the Board and answered questions. SIXTH ORDER OF BUSINESS Engineer's Report A. Glase Golf Update i. Phase I Project and Phase II Project Closures • Mr.Lopez noted that Glase Golf had recently submitted pay applications for Phases I & II. B. Future Lake Bank Repairs CPH Design Update • Mr. Lopez apologized and stated he left the plans for the project on his desk. Mr. Britt noted he will contact Mr. Lopez regarding the plans. • Mr.Lopez commented on projected costs of the work,but noted evaluation of prior plantings and work was to be done, as the final scope and plans for the next phase are determined. C. 9160 Flint Court Drainage • Mr. Lopez noted he had completed his review,and that he would provide a letter to the District for distribution to the QCA. • The homeowner will need to submit a variance application for consideration by the Board or remove any structure installed in the District's easement. SEVENTH ORDER OF BUSINESS Old Business There being no old business,the next order of business followed. 3 161 1A2 November 11, 2024 Meeting Quarry CDD EIGHTH ORDER OF BUSINESS New Business A. Board Organizational Items i. Appointment of Supervisors to Fill Vacant Seats 3 & 5 On MOTION by Mr. Britt, seconded by Mr. Patrick, with all in favor, Seat 3 was declared Vacant as of November 19,2024,and Mr. Stuckey shall fill the Vacant Seat 3. (5-0) • The Board decided to consider Seat 5 at the December meeting. ii. Oath of Office for Newly Appointed Supervisors iii. Designation of Officers (Resolution 2025-01) These items were tabled to the December Meeting. NINTH ORDER OF BUSINESS Attorney's Report • Mr. Haber reminded the Board of the December 31, 2024 deadline to complete the required ethics training for Supervisors as required by Statute. TENTH ORDER OF BUSINESS Supervisor Requests A. Supervisor Fingeret B. Supervisor Patrick C. Supervisor Stuckey D. Supervisor Whitley There being no requests from the Supervisors, the next order of business followed. ELEVENTH ORDER OF BUSINESS Chairperson's Comments • Mr. Britt discussed a request received for a survey study which was authorized for research to be completed on Cuban Bulrush, and other items throughout the conservation areas. TWELFTH ORDER OF BUSINESS Audience Comments Residents commented on the following items: • The condition of the fish population in the lakes. • The Board was thanked for not increasing the yearly assessment due to the lack of future funds from the Heritage Bay Umbrella Association since they are no longer collecting their per door assessment. • Mr. Fingeret was thanked for his service on the Board. 4 1 6 I 1A2 November I I, 2024 Meeting Quarry CDD THIRTEENTH ORDER OF BUSINESS Adjournment There being no further business, On MOTION by Mr. Fingeret, seconded by Mr. Britt, with all in favor, the meeting was adjourned at 2:09 p.m. (5-0) Dean Britt Chairperson 5 161142 16I1Q2. Quarry Community Development District Board of Supervisors District Staff Dean Britt,Chairperson Justin Faircloth,District Manager Rick Fingeret,Vice Chairperson Wes Haber,District Counsel Thel Thomas,Whitley,Jr.,Assistant Secretary Albert Lopez,District Engineer William Patrick,Assistant Secretary Mel Stuckey,Assistant Secretary Meeting Agenda Monday November 11,2024 at 1:00 p.m. Quarry Beach Club 8975 Kayak Drive,Naples,Florida 34120 1. Call to Order 2. Pledge of Allegiance 3. Approval of Agenda 4. Public Comments on Agenda Items 5. District Manager's Report A. Approval of the October 14,2024 Minutes B. Acceptance of the Financial Report,and Approval of the Check Register and Invoices as of September 2024 C. Motion to Assign Fund Balance D. Follow-up Items i. Open Action Items List 6. Engineer's Report A. Glase Golf Update i. Phase I Project&Phase II Project Closures B. Future Lake Bank Repairs CPH Design Update C. 9160 Flint Court Drainage 7. Old Business 8. New Business A. Board Organizational Items i. Appointment of Supervisors to Fill Vacant Seats 3 &5 ii. Oath of Office for Newly Appointed Supervisors iii. Designation of Officers(Resolution 2025-01) 9. Attorney's Report 10. Supervisor Requests A. Supervisor Fingeret B. Supervisor Patrick C. Supervisor Stuckey D. Supervisor Whitley 11. Chairperson's Comments 12. Audience Comments 13. Adjournment Next Meeting: Monday December 9,2024 at 1:00 p.m. Inframark,Community Management Services Quarry Beach Club 210 North University Drive,Suite 702 8975 Kayak Drive Coral Springs,Florida 33071 Naples,Florida 34120 (954)603-0033 (239)348-7326 www.quarrycdd.org 6IlA2 * LocaliQ Florida PO Box 631244 Cincinnati,OH 45263-1244 GANNETT NOTICE OF MEETINGS AFFIDAVIT OF PUBLICATION COMMUNIGUARRY LOPMENT DISTRICT The Board of Supere.sors of Quarry Quarry Community Dev Dist Special Ser Community D•Vtiwnenngs 0 District will hold their c l Quarry CDD -lnfrarnark Year 2025 on the second Monday at every month as listed below at 1:00 210 N University DR,Suite#702 0.m•at Quarry Beech Club Naples Coral Springs FL 33071-7320 F rida y in w k20.,with e e`epption of Jnot be 0 meeting,os follows: October 16,2026 November It,2024 2024 STATE OF WISCONSIN,COUNTY OF BROWN Ja u°aary°tixas February 10.2025 March tO.2025 April 14,2025 Before the undersigned authority personally appeared,who May 12.1022 T o Nve Budget val on oath says that he or she is the legal Advertising June 9` 5 August 11,7025 eudg0t2 Public Hear- ing Representative of the Naples Daily News,a newspaper seprne,t,�, �ber8.X25 public and will be conducted in accordance published in Collier County, Florida;that the attached copy wit the nvission at Florida Law for velopment of advertisement,being a Legal Ad in the matter of Govt Districts. There may be occasions when one or more Supervisors may Public Notices,was published on the publicly accessible participate a tearsonva,phone. d theymeieting at the above location and be fully website of Collier and lee Counties,Florida,or in a informed of the discussions taking Place.Meetings may be continued to newspaper by print in the issues of,on: a date,time and location to be spec tied on the record at the meetings without addltional publication of notice. A copy of the agenda for these meet- 09/23/2024ings may be obtained Tram the District Manager's Office.210 North University Drive. Suite 702. Coral Springs, Florida 22071. (956) 603• 0033, or by visiting the District's Affiant further says that the website or newspaper complies w bsltte/www.auarrytddorg/. Addy 'tonally. Interested parties may with all legal requirements for publication in chapter 50, refer to the District's website for the latest Distrkt Information. Florida Statutes. atoAmerswi Disablitties Act,any Subscribed and sworn to before me, by the legal clerk,who ob reaching SeecM1 accommooi o disability isa lI these msstpgs txcor a nt is personally known to me,on 09/23/2024 sshooulldbt"'co or physical impairment t Manager's Office at least forty-eight (40)hours prior to the meeting, If mot` you ore hearing or speech impaired. please contact the Florida Relay Service by dialing 7.1.1,or 1-000-955- Le a Crk 0771 (TTY)11-00-955-6770(Voice), g for old in contacting the District Manager's Office. Each person who decides to appeal any action taken at these meetings is advised that Person will need a otary, tate o ,Co my rown record of the proceedings and flat accordingly,the person may need to �/'7 ensure that a verbatim record of the �} I proceedings isd made.including which the t Moceediv and evidence coon he such appeal is to be based. Justin Feircloth My commission expires Manager No.10545332 Sept.23,2024 Publication Cost: $311.68 Tax Amount: $0.00 Payment Cost: $311.68 Order No: 10585332 #of Copies: Customer No: 1125615 1 PO#: fiscal meetings TIIIS IS NOT AN INVOICE! Please do not use this form Jir payment remittance. NANCY HEYRMAN Notary Public Page 1 of 1 State of Wisconsin 16I I A 2 Quarry Community Development District Financial Report October 1, 2023-September 30.,2024 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES QUARRY � � I Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet-All Funds Page 1 Statement of Revenues, Expenditures and Changes in Fund Balance General Fund Pages 2-3 204-Series 2020 Debt Service Fund Page 4 304-Series 2020 Capital Projects Fund Page 5 Trend Report-General Fund Pages 6-7 Notes to the Financial Statements Page 8 SUPPORTING SCHEDULES Special Assessments-Collection Schedule(s) Page 9 Cash and Investment Report Page 10 Bank Reconciliation Page 11 Series 2020(FEMA Project) Pages 12- 14 Payment Register by Bank Account Page 15 I 1 1Ap Quarry Community Development District Financial Statements (Unaudited) October 1, 2023 - September 30., 2024 QUARRY 161 I A 2 Community Development District Governmental Funds Balance Sheet September 30, 2024 204-SERIES 2020 304-SERIES 2020 DEBT SERVICE CAPITAL ACCOUNT DESCRIPTION GENERAL FUND FUND PROJECTS FUND TOTAL ASSETS Cash-Checking Account $ 731,428 $ - $ - $ 731,428 Investments: Money Market Account 978,643 - - 978,643 Construction Fund - - 1,833,832 1,833,832 Revenue Fund - 633,821 - 633,821 Prepaid Items 7,227 - - 7,227 TOTAL ASSETS $ 1,717,298 $ 633,821 $ 1,833,832 $ 4,184,951 LIABILITIES Accounts Payable $ 20,228 $ - $ - $ 20,228 Accrued Expenses 94,142 - - 94,142 Contracts Payable - - 337,404 337,404 Retainage Payable - - 40,353 40,353 TOTAL LIABILITIES 114,370 - 377,757 492,127 FUND BALANCES Nonspendable: Prepaid Items 7,227 - - 7,227 Restricted for: Debt Service - 633,821 - 633,821 Capital Projects - - 1,456,075 1,456,075 Assigned to: Operating Reserves 175,439 - - 175,439 Reserves-Other 200,000 - - 200,000 Unassigned: 1,220,262 - - 1,220,262 TOTAL FUND BALANCES $ 1,602,928 $ 633,821 $ 1,456,075 $ 3,692,824 TOTAL LIABILITIES&FUND BALANCES $ 1,717,298 $ 633,821 $ 1,833,832 $ 4,184,951 Page 1 QUARRY 1 6 I I A ? Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending September 30, 2024 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF SEP-24 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL REVENUES Interest-Investments $ 4,000 $ 102,751 2568.78% $ 7,198 Golf Course Revenue 114,945 114,945 100.00% - Interest-Tax Collector - 2,384 0.00% - Special Assmnts-Tax Collector 814,044 814,046 100.00% - Special Assmnts-Discounts (32,562) (29,883) 91.77% - Other Miscellaneous Revenues - 91,458 0.00% - TOTAL REVENUES 900,427 1,095,701 121.69% 7,198 EXPENDITURES Administration P/R-Board of Supervisors 12,000 10,200 85.00% 1,000 FICA Taxes 918 780 84.97% 77 ProfServ-Arbitrage Rebate 600 1,800 300.00% - ProfServ-Engineering 45,000 19,870 44.16% 1,118 ProfServ-Legal Services 21,000 10,799 51.42% 1,604 ProfServ-Legal Litigation 25,000 2,125 8.50% - ProfServ-Mgmt Consulting 62,285 62,285 100.00% 5,190 ProfServ-Property Appraiser 34,294 8,851 25.81% - ProfServ-Trustee Fees 4,041 4,041 100.00% - Auditing Services 5,500 5,800 105.45% 5,800 Website Compliance 1,553 1,553 100.00% 388 Postage and Freight 600 396 66.00% 4 Insurance-General Liability 6,246 6,949 111.26% - Printing and Binding 500 2,352 470.40% 28 Legal Advertising 4,000 3,135 78.38% 312 Miscellaneous Services 2,000 207 10.35% - Misc-Bank Charges 498 - 0.00% - Misc-Special Projects 21,547 - 0.00% - Misc-Assessment Collection Cost 16,281 15,683 96.33% - Misc-Contingency 1,000 2,426 242.60% - Office Supplies 250 27 10.80% - Annual District Filing Fee 175 175 100.00% - Total Administration 265,288 159,454 60.11% 15,521 Field ProfServ-Field Management 5,305 5,305 100.00% 442 Contracts-Preserve Maintenance 103,830 103,830 100.00% - Contracts-Lake Maintenance 65,004 65,004 100.00% 5,417 Page 2 QUARRY Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending September 30, 2024 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF SEP-24 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL R&M-General 70,000 17,270 24.67% - R&M-Fence 2,500 - 0.00% - R&M-Lake 154,930 28,988 18.71% - R&M-Weed Harvesting 75,000 46,980 62.64% 9,930 Miscellaneous Maintenance 3,670 - 0.00% - Water Quality Testing 29,900 - 0.00% - Capital Projects 75,000 - 0.00% - Total Field 585,139 267,377 45.69% 15,789 Reserves Reserve-Other 50,000 - 0.00% - Total Reserves 50,000 - 0.00% - TOTAL EXPENDITURES&RESERVES 900,427 426,831 47.40% 31,310 Excess(deficiency)of revenues Over(under)expenditures - 668,870 0.00% (24,112) Net change in fund balance $ - $ 668,870 0.00% $ (24,112) FUND BALANCE,BEGINNING(OCT 1,2023) 934,058 934,058 FUND BALANCE,ENDING $ 934,058 $ 1,602,928 Page 3 QUARRY Community Development District 204-Series 2020 Debt Servi kdd 1 Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending September 30, 2024 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF SEP-24 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL REVENUES Interest-Investments $ - $ 39,366 0.00% $ 2,798 Special Assmnts-Tax Collector 1,472,226 1,472,226 100.00% - Special Assmnts-Discounts (58,889) (54,045) 91.77% - TOTAL REVENUES 1,413,337 1,457,547 103.13% 2,798 EXPENDITURES Administration Misc-Assessment Collection Cost 29,445 28,364 96.33% - Total Administration 29,445 28,364 96.33% - Debt Service Principal Debt Retirement 1,107,000 1,107,000 100.00% - Interest Expense 264,248 264,247 100.00% - Total Debt Service 1,371,248 1,371,247 100.00% - TOTAL EXPENDITURES 1,400,693 1,399,611 99.92% - Excess(deficiency)of revenues Over(under)expenditures 12,644 57,936 n/a 2,798 OTHER FINANCING SOURCES(USES) Contribution to(Use of)Fund Balance 12,644 - 0.00% - TOTAL FINANCING SOURCES(USES) 12,644 - 0.00% - Net change in fund balance $ 12,644 $ 57,936 n/a $ 2,798 FUND BALANCE, BEGINNING(OCT 1, 2023) 575,885 575,885 FUND BALANCE, ENDING $ 588,529 $ 633,821 Page 4 QUARRY 16 1 1 A 2 Community Development District 304-Series 2020 Capital Projects Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending September 30, 2024 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF SEP-24 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL REVENUES Interest- Investments $ - $ 109,550 0.00% $ 8,112 TOTAL REVENUES - 109,550 0.00% 8,112 EXPENDITURES Construction In Progress Construction in Progress - 345,780 0.00% - Total Construction In Progress - 345,780 0.00% - TOTAL EXPENDITURES - 345,780 0.00% - Excess(deficiency)of revenues Over(under)expenditures - (236,230) 0.00% 8,112 Net change in fund balance $ - $ (236,230) 0.00% $ 8,112 FUND BALANCE,BEGINNING(OCT 1,2023) - 1,692,305 FUND BALANCE,ENDING $ - $ 1,456,075 Page 5 161 1 A 2 ov0000 0 00000000000000000 ° ee O O O CD N O N LO LO O V 0) O CO O LO O COO CO CD O O CO M p0 CO O O O CV CO CO O R LO O N O O O CO ,- n ,- Cr, R Ol N M V N C u al m Co O co ' N ' N- co CO O O O O LO V O M 0 CO 0 0 0 CO N O 0) J v O v ' CO N O 0 0 0 0 CO 0) v o LC, o v O o 0 a) ao o N /ti a) O O) LO eV O on co O O O N CV o IA 1.0 CO N LO o o V 0 N O a A, a d et N O N Lc; LI') N V t[) tO V N N CO W ~ O O co Of V N N CO ('7 C O ¢ m F 4.1 «� (D 2 O 11) CD F...) 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QUARRY Community Development District Statement of Revenue and Expenditures-All Funds Notes to the Financial Statements 10/1/2023.9/30/2024 General Fund Variance Analysis Budget target: 100% Annual YTD %of Account Name Budget Actual Budget Explanation Revenues Other Miscellaneous Revenue $0 $91,458 0% Heritage Bay Umbrella$43,500;application fees$2,000;board check refund $184.70;Heritage Bay Umbrella$45,000 prepaid maintenance;Heritage Bay Umbrella$773 Expenditures Administration ProfServ-Arbitrage Rebate $600 $1,800 300% AMTEC Series 2020 rebate report 3 years of activity Insurance-General Liability $6,246 $6,949 111% EGIS Insurance FY 2024 paid in full Printing and Binding $500 $2,352 470% IMS charges to-date Misc-Contingency $1,000 $2,426 243% DNH'GODADDY.COM email and archiving renewal;prior year payroll taxes Page 8 1 6 I I A 2 Quarry Community Development District Supporting Schedules October 1, 2023 - September 30., 2024 1 QUARRY 6 Community Development District All Funds Non-Ad Valorem Special Assessments -Collier County Tax Collector (Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2024 ALLOCATION BY FUND Discount/ Gross Series 2020 Date Net Amount (Penalties) Collection Amount General Debt Service Received Received Amount Cost Received Fund Fund Assessments Levied $ 2,286,271 $ 814,046 $ 1,472,226 Allocation % 100.00% 35.61% 64.39% Real Estate-Installment 11/02/23 $ 7,161 $ 405 $ 146 $ 7,712 $ 2,746 $ 4,966 11/06/23 21,186 901 432 22,520 8,018 14,501 12/22/23 1,370 43 28 1,441 513 928 01/10/24 1,644 52 34 1,729 616 1,113 02/08/24 839 26 17 883 314 568 04/05/24 2,419 - 49 2,468 879 1,589 05/08/24 1,574 (21) 32 1,585 564 1,021 Real Estate-Current 11/14/23 206,160 8,765 4,207 219,132 78,024 141,109 11/20/23 335,484 14,264 6,847 356,594 126,968 229,626 11/24/23 183,524 7,803 3,745 195,072 69,457 125,615 12/06/23 988,489 42,027 20,173 1,050,690 374,107 676,583 12/12/23 123,136 5,101 2,513 130,750 46,555 84,195 12/22/23 53,743 1,768 1,097 56,608 20,156 36,452 01/10/24 65,028 2,052 1,327 68,407 24,357 44,050 02/08/24 57,302 1,249 1,169 59,720 21,264 38,456 03/06/24 13,826 161 282 14,268 5,080 9,188 04/05/24 64,828 54 1,323 66,205 23,573 42,632 05/08/24 20,312 (417) 415 20,309 7,231 13,078 06/10/24 6,624 (197) 135 6,562 2,336 4,226 Real Estate-Delinquent 06/18/24 3,649 (108) 74 3,615 1,287 2,328 TOTAL $ 2,158,296 $ 83,928 $ 44,047 $ 2,286,271 $ 814,046 $ 1,472,226 %COLLECTED 100.00% 100.00% 100.00% Page 9 16 1 1A2 QUARRY Community Development District Cash & Investment Report October 1, 2023-September 30., 2024 ACCOUNT NAME BANK NAME YIELD BALANCE OPERATING FUND Government Interest Checking Valley National Bank 5.38% $ 731,428 Public Funds MMA Variance Account BankUnited 4.75% 978,643 Subtotal 1,710,072 DEBT SERVICE AND CAPITAL PROJECT FUNDS Series 2020 Revenue Fund U.S. Bank 4.75% 633,821 Series 2020 Construction Fund U.S. Bank 4.75% 1,833,832 Total $ 4,177,725 Page 10 Monday,OctobeI 262014 I. A 2 Bank Account Statement Page 1 Quarry CDD SINGUANZO2 Bank Account No. 7852 Statement No. 09-24 Statement Date 09/30/2024 GL Balance(LCY) 731,428.35 Statement Balance 746,739.85 GL Balance 731,428.35 Outstanding Deposits 0.00 Positive Adjustments 0.00 Subtotal 746,739.85 Outstanding Checks -15,311.50 Subtotal 731,428.35 Negative Adjustments 0.00 Ending Balance 731,428.35 Ending G/L Balance 731,428.35 Document Cleared Posting Date Type Document No. Description Amount Amount Difference Outstanding Checks 09/20/2024 Payment 15100 Check for Vendor V00014 -687.50 09/20/2024 Payment 15104 Check for Vendor V00027 -7,397.00 09/25/2024 Payment 15105 Check for Vendor V00004 -7,227.00 Total Outstanding Checks -15,311.50 Page 11 QUARRY 1 6 1 1 n 2 Community Development District Series 2020 (FEMA Project) Acquisition and Construction -General FY 9/30/2024 SOURCES OF FUNDS TOTAL 10/1/2021 State of Florida $ 3,350,061.50 10/26/2021 State of Florida 828,145.56 10/26/2021 State of Florida 46,008.09 11/17/2021 State of Florida 94,901.34 11/17/2021 State of Florida 91,213.19 12/21/2021 State of Florida 65,276.88 12/17/2021 FEMA check sent to U.S.Bank exceeded actual checks - 1/10/2022 State of Florida 18,585.00 1/10/2022 State of Florida 1,032.50 Total $ 4,495,224.06 LESS: 11/1/2021 Debt Service-Principal Prepayment 1,351,000.00 DEPOSIT-Acquisition and Construction-General $ 3,144,224.06 OTHER SOURCES 11/1/2021 Transfer from Revenue Acct 4004 938.50 Dividends FY 2022 145.89 Dividends FY 2023 44,143.78 Dividends thru 9/30/24 109,550.78 TOTAL SOURCES OF FUNDS $ 154,778.95 USE OF FUNDS: DATE VENDOR REQUISITIONS REQ# PENDING TOTAL 4/27/2022 CPH 1 4,940.00 4/27/2022 Kutak Rock LLP 2 988.00 5/24/2022 Midwest Construction Products Corp 3 475.00 5/16/2022 Midwest Construction Products Corp 4 3,000.00 5/16/2022 Midwest Construction Products Corp 5 7,900.00 5/24/2022 Kutak Rock LLP 6 1,776.45 5/24/2022 CPH 7 11,615.40 6/9/2022 Kutak Rock LLP 8 1,378.00 6/9/2022 Midwest Construction Products Corp 9 1,900.00 6/9/2022 Midwest Construction Products Corp 10 4,800.00 6/9/2022 Midwest Construction Products Corp 11 1,425.00 6/9/2022 Crosscreek Environmental LLC 12 2,997.66 8/1/2022 CPH 13 27,155.66 8/1/2022 CPH 14 1,800.00 8/1/2022 CPH 15 33,809.58 8/22/2022 Crosscreek Environmental LLC 16 4,000.13 8/22/2022 Midwest Construction Products Corp 17 6,000.00 8/22/2022 Midwest Construction Products Corp 18 1,020.00 8/22/2022 MJS Golf Services LLC 19 7,615.15 Page 12 161 1A2 QUARRY Community Development District Series 2020 (FEMA Project) Acquisition and Construction -General FY 9/30/2024 SOURCES OF FUNDS TOTAL 8/22/2022 MJS Golf Services LLC 20 4,157.51 8/22/2022 MJS Golf Services LLC 21 12,849.68 8/22/2022 MJS Golf Services LLC 22 6,568.09 8/22/2022 MJS Golf Services LLC 23 5,058.60 8/22/2022 MJS Golf Services LLC 24 16,849.00 8/22/2022 MJS Golf Services LLC 25 49,004.13 8/22/2022 MJS Golf Services LLC 26 4,346.44 8/26/2022 CPH 27 7,745.15 9/14/2022 MJS Golf Services LLC 28 7,887.77 9/14/2022 Glase Golf,Inc 29 319,983.78 10/20/2022 Crosscreek Environmental LLC 30 5,295.80 10/20/2022 CPH 31 6,513.38 10/20/2022 Kutak Rock LLP 32 78.00 12/2/2022 CPH 33 8,866.67 12/21/2022 CPH 34 4,500.00 1/25/2023 CPH 35 5,398.75 2/17/2023 CPH 36 1,828.75 2/17/2023 CPH 37 110.00 4/17/2023 MJS Golf Services LLC 38 17,952.64 4/17/2023 MJS Golf Services LLC 39 2,844.35 4/17/2023 MJS Golf Services LLC 40 5,715.47 4/17/2023 MJS Golf Services LLC 41 10,351.76 5/2/2023 MJS Golf Services LLC 42 4,619.04 5/2/2023 MJS Golf Services LLC 43 4,014.17 5/2/2023 CPH 44 560.60 5/2/2023 MJS Golf Services LLC 45 14,377.92 5/2/2023 MJS Golf Services LLC 46 2,876.79 5/2/2023 MJS Golf Services LLC 47 5,672.47 5/2/2023 MJS Golf Services LLC 48 14,338.68 5/3/2023 MJS Golf Services LLC 49 5,153.28 5/3/2023 Midwest Construction Products Corp 50 3,302.00 5/3/2023 Midwest Construction Products Corp 51 5,248.00 5/3/2023 Midwest Construction Products Corp 52 2,637.00 5/3/2023 CPH 53 9,283.60 5/3/2023 MJS Golf Services LLC 54 8,194.20 6/13/2023 MJS Golf Services LLC 55 14,425.44 6/13/2023 Ewing Irrigation Products,Inc 56 34,725.39 5/30/2023 MJS Golf Services LLC 57 3,993.31 5/30/2023 MJS Golf Services LLC 58 16,314.17 6/13/2023 Midwest Construction Products Corp 59 5,251.00 6/13/2023 Midwest Construction Products Corp 60 2,637.00 6/13/2023 MJS Golf Services LLC 61 2,294.58 6/13/2023 MJS Golf Services LLC 62 12,704.54 6/13/2023 MJS Golf Services LLC 63 14,018.04 6/13/2023 MJS Golf Services LLC 64 8,564.45 6/13/2023 MJS Golf Services LLC 65 11,911.32 Page 13 QUARRY 161 1A2 Community Development District Series 2020 (FEMA Project) Acquisition and Construction-General FY 9/30/2024 SOURCES OF FUNDS TOTAL 7/26/2023 Midwest Construction Products Corp 66 950.00 7/26/2023 Midwest Construction Products Corp 67 5,447.00 7/20/2023 Midwest Construction Products Corp 68 392.00 7/20/2023 Midwest Construction Products Corp 69 870.00 7/20/2023 Midwest Construction Products Corp 70 392.00 7/20/2023 CPH 71 11,485.79 7/20/2023 MJS Golf Services LLC 72 9,372.24 7/20/2023 MJS Golf Services LLC 73 5,298.36 7/20/2023 MJS Golf Services LLC 74 18,759.39 7/20/2023 MJS Golf Services LLC 75 8,737.08 7/20/2023 Crosscreek Environmental LLC 76 15,626.44 7/26/2023 Glase Golf,Inc 77 115,089.05 7/26/2023 MJS Golf Services LLC 78 6,330.90 7/26/2023 MJS Golf Services LLC 79 3,984.81 8/14/2023 MJS Golf Services LLC 80 3,086.64 7/26/2023 MJS Golf Services LLC 81 2,040.72 7/26/2023 MJS Golf Services LLC 82 1,031.52 7/27/2023 CPH 83 16,267.89 7/27/2023 CPH 84 20,538.00 8/22/2023 Midwest Construction Products Corp 85 582.00 8/22/2023 Midwest Construction Products Corp 86 600.00 8/22/2023 Crosscreek Environmental LLC 87 6,998.12 9/13/2023 Inframark 88 2,425.00 9/13/2023 CPH 89 27,466.95 1/9/2024 MJS Golf Services LLC 90 1,082.64 1/8/2024 The Quarry Community Association 91 2,863.80 1/8/2024 Kutak Rock LLP 92 234.00 1/8/2024 CPH 93 6,136.50 1/8/2024 Midwest Construction Products Corp 94 600.00 2/16/2024 CPH 95 2,364.28 2/22/2024 CPH 96 104.60 2/22/2024 CPH 97 754.65 5/9/2024 Glase Golf,Inc 98 331,640.00 Total Requisitions 1,465,171.11 TOTAL CONSTRUCTION ACCOUNT BALANCE @ 9/30/24 $ 1,833,831.90 8/31/2023 Less: Contracts-Payable 371,993.38 9/30/2023 Less: Contracts-Payable 5,763.62 Capital Projects $ 1,456,074.90 Page 14 16 | 1 A / « ! L. r COCV a § $ ± § K al k ® - k \ co es, co co - Q _co en \ } } / \ _ N. _ 2 a. ; ; ; 4 \ ; § 5 a \ \ \ k 4• C 2 & \ 0 \ 9 & [ 1 \ § } o } \ \ \ _ _ \ 7 5 2 \ 4 z 1;1/ \ it V- oc o IX § ; II • 000 e = 2 13 Uf - - @ ( \ \ jjj \ ] % ^ , wee ) ILI _ § 4 \ - ■ 2 { 0 Oa co m W ) . Ea : CV 0 CV 11.1 0, CO COo00 0 Mr CV• CV M0 k � ° / 2 ) 4 ' f / f - a j fI { » CC CC ct-• - - 9 j « - 40 C § Ze b \ ) G § LU § E - \ \ 0 5 \ ) » � � 222 § 0E a « LU_L 2 _ _ CZ < $ A LU CZ 0 u / \ — , _ _ , o• _ - , _50 GO 0LLJ 0LL1 0 en COg. — _ 2 ® x CO 0 § 0 _ § cc cc CC/ \ \ ) « ; \ < 1 § § NC cc ct cc / % § J CO 2 § § § LU § § - — — — - 2 o a o § 0_ 0- 0-Lil § § , > > > > > > \ > > > j j > 2 , § AK § ; ib A § § 000 § A 0000 RA \ § ) ) ) K \ § ) § ( § ) ( Kd 0a00 § \ 1 6 I 1A2 QUARRY COMMUNITY DEVELOPMENT DISTRICT Motion: Assigning Fund Balance as of 9/30/24 The Board hereby assigns the FY 2024 Reserves per September 2024 Financials: Operating Reserves $ 175,439 Reserves—Other $ 200,000 * To be approved at 11/11/24 meeting. QUARRY 16 I 1A ? Community Development District Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance-Fiscal Year 2024 $ 868,805 Net Change in Fund Balance-Fiscal Year 2024 0 Reserves-Fiscal Year 2024 Additions 50,000 Total Funds Available(Estimated)-9/30/2024 918,805 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 175,439 (1) Reserves-Other(Previous Years) 150,000 Reserves-Other(FY 2024) 50,000 Subtotal 200,000 Total Allocation of Available Funds 375,439 Total Unassigned(undesignated)Cash $ 543,366 Notes (1) Represents approximately 3 months of operating expenditures Annual Operating and Debt Service Budget Fiscal Year 2024 1 6 I 1A2 Quarry CDD Action Items List Updated 11/5/24 BOARD ACTION ITEMS DATE RESPONSIBLE LAST DUE DATE RECEIVED PARTY CONTACT 1 Send letter to Quality Enterprises after receiving documentation from CPH regarding 5/13/2024 Attorney 9/9/2024 10/11/2024 blocked structures. 2 Work on the easement request for property access 10/9/2023 Attorney TBD 10/11/2024 3 Develop final closure letter for Glase Golf Phase I&Phase II projects 9/9/2024 Attorney 10/14/2024 10/29/2024 4 Send variance lists and action items lists to the Board for review 10/14/2024 District Manager 10/28/2024 5 Have the Goals&Objectives document posted to the website as required by 7/15/2024 District Manager 12/1/2025 9/9/2024 12/1/2025 6 Send executed littoral planting propsoal back to CES and Recording.Have littorals 7/15/2024 District Manager TBD 11/5/2024 planted when deemed appropriate by CES. 7 Work with outside counsel on possible FEMA extension for further District 10/9/2023 District Manager TBD 10/24/2024 reimbursement 8 Obtain proposals for gate install for the north east corner of the preserve fence and 5/13/2024 District Manager Dry Season 10/15/2024 any necessary repairs. 9 9/18/2023 District Manager 4/8/2024 Update variance application form 10 Update Board every two weeks on action items. 3/11/2024 District Manager 8/26/2024 8/28/2024 11 Review the swale behind 9246 Marble Stone Drive 10/14/2024 Engineer 11/11/2024 11/5/2024 12 Investigate structures before and after work is completed,provide a list of locations 10/9/2023 Engineer TBD 10/14/2024 for the QCA where work is going to be performed,and list work completed by MRI from Estimate 4324 on the Districts maps for future reference 13 Have the Quality Enterprises,USA Phase II&Phase III Warranty Inspection repairs 2022 Engineer 7/15/2024 10/14/2024 completed 14 Complete Phases 1-3 of Work Authorization#6 Shoreline Restoration Design 2024 3/11/2024 Engineer TBD 10/14/2024 15 Schedule a Finance Staff Representative to be present at the 2/10/25 meeting and 5/13/2024 Finance 2/10/2025 7/17/2024 at the 8/11/25 meeting. 16 Ensure yearly audit is submitted by 6/30 10/1/2023 Finance 6/30/2024 8/24/2024 17 11/13/2023 Recording 11/16/2024 11/5/2024 Send out bank rate sheet to the Board on a monthly basis 18 Send executed FY2024 audit engagement letter to Grau&Associates and have the 10/14/2024 Recording 11/11/2024 FY2024 audit work started. 19 Appoint Supervisors to seats 3&5 as no one qualified for these seats. 7/15/2024 Recording 11/11/2024 20 Complete Ethics Training Requirement 1/1/2024 Supervisors 12/31/2024 LAKE BANK RESTORATION ACTION ITEMS 1 Follow up with Glase Golf on Pay Apps including NAVD overages on Phase I& 10/9/2023 Engineer 3/11/2024 11/3/2024 Phase II projects,and inquire aobut restocking fees for items not used 2 Follow up with Glase Golf on floating pipe issues 2/12/2024 Engineer 3/11/2024 6/18/2024 3 Secure and reattach Lake 57 section of pipe as reported by Mr.Patrick on 3/30/24 3/30/2024 Glase Golf TBA 3/30/2024 QCA/HOME OWNER REQUESTS 1 Have pool overflow extension removed from 9171 Shale Court 7/15/2024 QCA 8/12/2024 11/4/2024 Have homeowner correct drainage install at 8986 Quarry Drive 10/14/2024 QCA 11/14/2024 11/1/2024 161 1A2 The Quarry Alteration/Modification Application UPDATED 10/3/2023 Submit Application and Required Items to:The Quarry Community Association, 8975 Kayak Drive, Naples FL 34120 Property Address: 1(o L r Owner Name: D COO e( C-F\$t ceE ner's Cell: 2- Z12 ?2 ?6 Owner's Email: Eldkq 004.e.-'L. [�; rAcb f C O yV Contact the management office with questions at 239-348-7326 (Opt 1) or at 8975 Kayak Drive. Office use only: CHECK IF THIS IS PART OF AN ONGOING CONSTRUCTION APPLICATION APPROVED NOT APPROVED LJ INCOMPLETE ADDT'L INFO NEEDED Follow-Up Notes: COMPLETE The DuarrY Coo", Association Stamp with date when the completed and signed Application has been received with all Required Items attached. ' 2 5 ?024 (e.g. site plan, paint chips, sec deposit, photos, etc.) Does project require Damage Deposit(s)?_ if Yes, how much? collected? Yes No Does project require a CDD variance agreement? if Yes, is the $500 fee collected + paperwork attached?Yes No Owner to complete: Check Scope of Work (* Indicates Deposit Required): Doors/Windows Signs *Roof/Gutters/Downspout8%Drainage *Boat Dock/Lift/Canopy Play Equipment *Patio/Walkway *Generator/Propane lank *Solar Panels_Other Sculpture/Fountain/Statue/Antenna __Awning/Canopy/Shutters/Sunsail Shades _MiniSplit AC Landscaping (adding/removing trees, changing beds--attach before&after site plans) Screen Cage Modification Exterior Paint Stone Siding Addition/Removal/Color Change (sample required) By initialing you Confirm you are not using the same body paint color as a neighbor directly to your right or left Color scheme #: House body color: trim: garage door: front door Shutters: Other areas (specify where + color): Do you have a storm/secondary door? If yes, will you be painting it? if so, what color? Will you be painting your gutters + downspouts? if Yes, what color: gutters downspouts Do you have stonework?Y/ N, will you be removing/adding/painting/staining? Describe Scope of Work: ( ee Required Items a d more information as necessary) !!11 Estimated Start Date: Estimated Completion Date: 1 # 6I 142 Required Items (attach if applicable): Applications shall be considered by the Modification Committee (MC) only after all Required Items and deposits have been received. • Pictures (required for all applications) include before and, if possible, proposed after pictures. • Site Plan (required for all except Exterior Paint/Doors + Windows applications) showing property lines, easements and location of work. Sketch of Work on site plan including Floor Plans, Screening, Landscaping, etc. (Landscaping applications shall include before picture and after designs showing the names of plants). Include accurate measurements. Exterior Paint colors listed above under scope of work. Specify body, trim, garage, shutters, front door, gutters and downspout colors. If staining stone siding, sample required. Prior to submitting a drawing of any modification or alteration that may affect the irrigation system, Owner shall contact the Association's Irrigation Vendor to identify any irrigation lines in the path of project. Owner shall provide a letter from the current Irrigation Vendor either: 1) confirming there are no irrigation lines in the project path; or 2) confirming that the Irrigation Vendor shall relocate existing irrigation lines at the expense of the Owner. Owner SHALL USE Association's Irrigation Vendor. • Owner shall provide Stone/Tile samples, pictures of Sculptures/Fountains with measurements, etc. Any information that may assist the MC in completing the approval process. Recommended Contractor's Insurance: 1) bodily injury and property damage liability insurance in the amount of at least $1,000,000 per occurrence, 2) automobile liability insurance in the amount of$1,000,000 per occurrence, 3) statutory worker's compensation insurance and 4) employer's liability insurance in the amount of$1,000,000. Contractor shall maintain all insurance in force for the duration of the Work. In addition to the above, in the event the Scope of Work covered by this Application includes masonry, concrete, pool installation, roof replacement, tree removal, pool/screen enclosure replacement or the installation of a generator and/or propane tank, contractor shall provide the following additional coverage provisions on their commercial general liability, umbrella liability, and automobile liability policies, providing that 1) both the Owner and The Quarry Community Association, Inc. are named as additional insured, 2) insurance shall be primary and non-contributory, and 3) in the event any policy is cancelled or terminated, insurer will provide statutory notice. The endorsements shall identify the Owner's address where the work is to be performed. The Owner is strongly encouraged to require all persons or entities doing work on their property to obtain the aforementioned insurance coverages but regardless of any insurance coverage Owner acknowledges and agrees that: (Initial) Pursuant to Section 7.3.3 of the Fourth Amended and Restated Declaration of Covenants, Conditions and Restrictions for the Quarry: Any damage to the Common Area or any structures, equipment, improvements or personal property thereon caused in whole or in part by an Owner or their family members, guests, tenants, licensees, and invitees shall be the responsibility of the Owner who shall reimburse the Community Association for all costs of repair or replacement, at the sole option of the Community Association, together with a reasonable allocation of overhead incurred. The Community Association shall not be required to delay repair or replacement pending receipt by Owner of any insurance proceeds. (Initial) Indemnification: To the fullest extent permitted by law, the Owner agrees to indemnify and hold harmless the Association, its directors, officers, members, agents and employees from and against all claims, damages, injuries, death, losses and expenses, including but not limited to attorneys'fees arising out of or resulting from the performance of the Work approved pursuant to this Application. Required Deposits by Contractor or Owner: • Contractor/Owner shall pay a $1,000 refundable damage deposit for applications covering the installation of a generator, propane tank, patio/driveway additions, walkway addition/expansion, roof, and solar panels. • Contractor/Owner shall pay a $2,000 refundable damage deposit for applications covering installation of a boat dock/lift. 2 1611A ? Work Rules and Procedures; • All required county permits shall be obtained and displayed by Owner prior to beginning work. • Owner shall contact utilities to relocate their lines, as necessary. • Association common areas, including roadways, shall not be used for short or long term storage of materials. Excavated soil or rock shall not be placed on a roadway surface or any common areas. All waste, soil or rock, excess materials, fill, etc. shall be removed from the property within 48 hours. Use of any property other than Owner's lot where the work is being performed shall not be permitted. • Owners and contractors shall comply with all applicable codes and regulations and all required permits shall be obtained at Owner's expense. • Owner shall repair and return all areas affected by approved project to their original condition. • All current and future maintenance of the work completed under this application shall be performed at the Owner's expense. • Owner shall have permanent responsibility to maintain and trim all approved landscape modifications. No landscape materials may encroach on neighboring lots or common areas. • Pool heaters, satellite dishes, generators, propane tanks, and all other ground-based equipment or structures shall be screened from view with hedge plantings (i.e. Hibiscus, Eugenia or Viburnum) 30"high, planted 18"on center and then maintained at a minimum of 42"high. • If at any time in the future, any legal/regulatory agency requires modification of the work covered by this application such work shall be done by the current Owner at current Owner's expense. • Each homeowner shall be responsible for ensuring that improvements to his or her property do not improperly encroach on any property subject to an easement or another's property. Per the Quarry CDD Counsel: "Notably, the Quarry Community Development District ("CDD") is responsible for the stormwater system and conservation areas serving the community, and, accordingly, holds certain rights in, among other lands, all"Drainage Easements," "Lake Maintenance Easements,"and "Conservation Easements."It is the homeowner's responsibility to carefully review all property records and ensure that the homeowner and his or her contractor do not construct improvements (e.g., walkways, docks, landscaping, sprinklers, patios, decks, air conditioners, pools, drainage outfalls) within any such easement areas. (Note that such easements are identified on the community plats, but the plats may or may not correctly identify the CDD as the responsible party. Please contact the CDD if you are in doubt about any such easements.)The homeowner agrees that the CDD may remove at the homeowner's expense any such improvements encroaching on CDD easement areas, and the homeowner shall be responsible for any legal fees and costs necessary for the CDD to enforce the terms of this application as it relates to CDD easement areas. The CDD may in its sole discretion elect to grant limited variances in certain circumstances, and the homeowner is responsible for obtaining any such variance from the CDD prior to the start of any construction." • Structures shall not encroach on any easements. • Owner is solely responsible for ensuring hurricane shutter installations satisfy county code. Storm Shutters and permanently attached portions of the shutters shall complement the exterior home's color. • Owners who start projects without required permits or MC approval shall be issued a stop work order and are subject to sanction by the Board of Directors in accordance with the Bylaws. • Other than roadways to access the Owner's lot and house, Owners, Owner's agents or their contractors shall not use any portion of Association common areas or lots owned by others to stage equipment or materials or to perform work approved by the MC. • A certificate of completion and final inspection and approval by the Association shall be required as a condition for the return of refundable deposits paid by Owner or contractors. General Conditions 1. All work under this Application shall be subject to requirements of the Covenants, Conditions and Restrictions (CC&Rs) and Bylaws of the Quarry Community Association, Inc., and applicable Rules and Regulations and thL Architectural Design Standards. The Association reserves the right to request additional information and charge additional fees or deposits, not otherwise specified on this Application. 3 6I 1A2 2. Owner agrees to and shall complete alteration/modification work in accordance with this Application. If approved work has not commenced within six months of the original approval date, this application shall be considered to be withdrawn and a new application shall be required if the Owner desires to later proceed with the work. Also any changes to approved work in progress shall require the Owner to submit an Application and obtain advance written approval form the Association. 3. In the Association's sole judgment, any work that does not conform to the provisions of the approved application may be required to be redone and/or the Owner shall be subject to Compliance provisions of the CC&Rs, including sanctions, as imposed by the Board of Directors. Any work that is not completed within 30 days after the Estimated Completion Date may also be subject to Compliance provisions. Owners may request extensions of approved completion dates. However, granting extensions of completion dates shall be at the sole discretion of the Association. 4. All work must comply with the provisions of the current Architectural Design Standards regardless of any MC approval of the documents submitted by Owner either with this Application or otherwise 5. The Association has 45 days to complete its review of this application. The 45 day review period does not begin until the COMPLETED and signed application, including Deposits and Required Items, is received by the Association. The 45 day review period resets with the receipt of any and each MC request for information. The Application must be signed by the OWNER. All correspondence related to the application shall be sent only to OWNER. 6. All work covered by this application shall be subject to a final completion inspection and approval by the Association, per Article 13.5 of the CC&Rs with right of entry and inspection upon property. 7. MC approval should not be taken as any certification as to the construction worthiness or structural integrity of the change you propose. In addition, any changes that affect the Surface water and/or Storm water systems in the community in any way, will require the current Lot owner to mitigate the damages and correct the defect to the satisfaction of the QCA and/or CDD. (Article 6.4.3) 8. By signing below you are indicating that you understand you must wait for receipt of your written approval of the Application before beginning the foregoing alteration(s). 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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF QUARRY COMMUNITY DEVELOPMENT DISTRICT: The following persons were elected to the offices shown,to wit: Chairperson Vice Chairperson Justin Faircloth Secretary Leah Popelka Treasurer Angel Montagna Assistant Treasurer Assistant Secretary Assistant Secretary Assistant Secretary PASSED AND ADOPTED THIS, 11TH DAY OF NOVEMBER, 2024. Chairperson Justin Faircloth Secretary Quarry Community Development District 16 { 1 A 2 Inframark, Community Management Services 11555 Heron Bay Boulevard, Suite 201, Coral Springs, Florida 33076 Tel. (954)282-0070 DATE: April 22, 2025 Mr. Derrick Johnssen CLERK OF THE CIRCUIT COURT Finance Department Derek.johnssen@collierclerk.com FROM: Janice Swade Lead District Administrative Assistant RE: Quarry Community Development District February 10, 2025 Meeting Minutes, as Approved March 10, 2025 Enclosed for your records is a copy of the minutes and corresponding attachments of the above- referenced meeting of the Quarry Community Development District, which are to be kept on file for public access. Encl: Cc: Mr. Wes Haber Wesley.Haber@KutakRock.com 161 1 A 2 MINUTES OF MEETING QUARRY COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of Quarry Community Development District was held Monday, February 10, 2025 at 1:00 p.m. at Quarry Beach Club, located at 8975 Kayak Drive,Naples, Florida 34120. Present and constituting a quorum were: Dean Britt Chairperson Mel Stuckey Vice Chairperson Thel Thomas Whitley,Jr. Assistant Secretary William Patrick Assistant Secretary Robert"Gregg-Wrap Assistant Secretary Also present were: Justin Faircloth District Manager Wesley Haber District Counsel (Remotely) Albert Lopez District Engineer Mark Puthoff Manager, Quarry Community Association Jeremy Hardin Collier Environment Services Leah Popelka Vice President, Finance. Inframark Various Residents Following is a summary of the r,'scussions and actions taken. FIRST ORDER OF BUSINESS Call to Order and Roll Call Mr. Faircloth called the meeting to order and called the roll.A quorum was established. SECOND ORDER OF BUSINESS Pledge of Allegiance The Pledge of Allegiance was recited. THIRD ORDER OF BUSINESS Approval of Agenda Mr. Faircloth presented the Agenda for the Meeting. and requested any amendments. • Item 5C should have been 9146 Quartz Lane. February 10, 2025 Meeting Quarry a { 1 A 2 There being no further amendments, On MOTION by Mr. Britt, seconded by Mr. Patrick, with all in favor,the Agenda for the Meeting was approved,as amended. (4-0) FOURTH ORDER OF BUSINESS Public Comments on Agenda Items — Three (3) Minute Time Limit Residents discussed the following items: • Lake maintenance. • Vacancy appointment. • Possible installation of fish structures in the lakes. • Mr. Puthoff was going to review a reported alligator near 8973 Quarry Drive. FIFTH ORDER OF BUSINESS Business Items A. Board Organizational Matters i. Consideration of Appointment of Supervisor to Fill Vacant Seat 5 a. Robert"Gregg"Wrap Email of Interest On MOTION by Mr. Whitley. seconded by Mr. Patrick. with all in favor. Mr. Robert "Gregg" Wrap was appointed to serve as a Supervisor in Seat 5. (4-0) ii. Oath Of Offi%Y tnr Ncwty Appointed Supervisor Mr. Faircloth, a Certified Notary Public for the State of Florida. administered the Oath of Office to Mr. Wrap. a copy of.which will be attached hereto us part of the public record. iii. Designation of Officers (Resolution 2025-01) • Mr. Patrick nominated Mr. Britt to serve as Chairperson. • Mr. Patrick nominated Mr. Stuckey to serve as Vice Chairperson. On MOTION by Mr. Whitley. seconded by Mr. Patrick. with all in favor. Resolution 2025-01, Designating Officers of the District,and Providing an Effective Date, with Mr. Britt as Chairperson. Mr. Stuckey as Vice Chairperson. Mr. Faircloth as Secretary. Ms. Popelka as Treasurer, Ms. Montagna as Assistant Treasurer, Mr. Whitley. Mr. Patrick and Mr. Wrap. as Assistant Secretaries. was adopted. (5-0) February 10,2025 Meeting Quarry CE )6 I A 2 B. Quarterly Preserve Maintenance Report • Mr. Britt and Mr. Hardin discussed preserve maintenance efforts and noted that treatment should not occur in the District above the agreed upon wind speed threshold of 7.5 mph. C. 9146 Quartz Lane Pool Drain Discussion • QCA to follow up with the owners of 9146 Quartz Lane on the pool installation items and ensure the swale is restored to its permitted condition. SIXTH ORDER OF BUSINESS Staff Reports A. District Counsel Mr. Haber provided updates on the following items: • Sunshine/Ethics requirements. • Status on communications with Quality Enterprises. • CES contract update. B. District Counsel i. Glase Golf Update a. Phase I Project& Phase II Project Closures • Mr. Lopez provided an update on the Glase Golf punchlist items. ii. Future Lake Bank Repairs CPH Update • Mr. Lopez noted they were awaiting proposals from firms on the next set of repairs. iii. Variance Updates a. 9360 Marble Stone Drive • Mr. Lopez was requested to measure at 9360 Marble Stone Drive to see if the extended lanai encroached on th,.. CDD lake easement. If so, a variance agreement would be needed. C. District Manager i. Follow-Up Items a. Open Action Items List Mr. Faircloth reviewed the action items with the Board. b. March 2025 Meeting Discussion • Mr. Faircloth noted that Ms. Sandra Demarco would be attending the March meeting in his place while he was on vacation. SEVENTH ORDER OF BUSINESS Business Administration A. Consideration of Minutes of January 13, 2025 Meeting Mr. Faircloth presented the Minutes of the January 13, 2025 Meeting, and requested any additions,corrections or deletions. 3 16 11A2 February 10, 2025 Meeting Quarry CDD • The Board requested staff provide a copy of the draft Minutes going forward as soon as they are ready. There being no further discussion. On MOTION by Mr. Patrick, seconded by Mr. Britt, with all in favor,the Minutes of the January 13, 2025 Meeting were approved. (5-0) B. Acceptance of the Financial Report, and Approval of the Check Register and Invoices as of December 2024 • The Board requested staff provide a copy of the draft Budget as soon as it is ready. There being no further discussion, On MOTION by Mr. Whitley, seconded by Mr. Britt. with all in favor,the Financial Report as of December 2024 was accepted. and the Check Register and Invoices as of December 2024 were approved. (5-0) C. Fish Attracting Structures Discussion r_ Mr.Whitley MOVED to approve reimbursement to the Fishing Club for expenses related to the development of fish structures for water quality purposes in an amount not to exceed $1,000. and Mr. Wrap seconded the motion. Upon further discussion. On VOICE vote with Mr. Britt, Mr. Whitley, Mr. Patrick and Mr. Wrap voting aye. and Mr. Stuckey voting nay. the prior motion was approved. (4-1) EIGHTH ORDER OF BUSINESS Supervisor Requests A. Supervisor Patrick B. Supervisor Stuckey C. Supervisor Whitley There being no Supervisor requests,the next order of business followed. 4 1 February 10, 2025 Meeting Quarry CDD b 1 A 2 NINTH ORDER OF BUSINESS Chairperson's Comments There being no comments from the Chairperson,the next order of business followed. TENTH ORDER OF BUSINESS Audience Comments Residents commented on the following items: • Lakes 32/36—Mr. Lopez will review and work with the affected resident. • A resident inquired about any lawsuits against the CDD,and Mr. Faircloth reported there were none pending to his knowledge. ELEVENTH ORDER OF BUSINESS Adjournment There being no further business. On MOTION by Mr. Stuckey. seconded by Mr. Patrick, with all in favor,the meeting was adjourned at 2:24 p.m.to a Board Workshop. (5-0) TWELFTH ORDER OF BUSINESS Board Workshop The Board proceeded to a workshop. Dean Britt Chairperson 5 1 6 I 1 A 2 Quarry Community Development District Board of Supervisors Staff: Dean Britt,Chairperson Justin Faircloth,District Manager Mel Stuckey,Vice Chairperson Wesley Haber,District Counsel Thel Thomas Whitley,Jr.,Assistant Secretary Albert Lopez,District Engineer William Patrick,Assistant Secretary Robert"Gregg"Wrap,Assistant Secretary Revised Meeting Agenda Monday February 10,2025 at 1:00 p.m. Quarry Beach Club 8975 Kayak Drive,Naples,Florida 34120 1. Call to Order and Roll Call 2. Pledge of Allegiance 3. Approval of Agenda 4. Public Comments on Agenda Items— Three- (3) Minute Time Limit 5. Business Items A. Board Organizational Matters i. Consideration of Appointment of Supervisor to Fill Vacant Seat 5 a. Robert"Gregg" Wrap Email of Interest ii. Oath of Office for Newly Appointed Supervisor iii. Designation of Officers (Resolution 2025-01) B. Quarterly Preserve Maintenance Report C. 9146 Quartz Lane Pool Drain Discussion 6. Staff Reports A. District Counsel B. District Engineer i. Glase Golf Update a. Phase I Project& Phase II Project Closures ii. Future Lake Bank Repairs CPH Update iii. Variance Updates a. 9360 Marble Stone Drive C. District Manager i. Follow-Up Items a. Open Action Items List b. March 2025 Meeting Discussion 7. Business Administration A. Consideration of Minutes of January 13, 2025 Meeting B. Acceptance of the Financial Report, and Approval of the Check Register and Invoices as of December 2024 C. Fish Attracting Structures Discussion Inframark,Community Management Services Quarry Beach Club 11555 Heron Bay Boulevard,Suite 201 8975 Kayak Drive Coral Springs,Florida 33076 Naples,Florida 34120 (954)282-0070 (239)348-7326 www.quarrycdd.ore Quarry Community Development District I, 2 Board of Supervisors Staff: Dean Britt,Chairperson Justin Faircloth,District Manager Mel Stuckey,Vice Chairperson Wesley Haber,District Counsel Thel Thomas Whitley,Jr.,Assistant Secretary Albert Lopez,District Engineer William Patrick,Assistant Secretary Robert"Gregg"Wrap,Assistant Secretary 8. Supervisor Requests A. Supervisor Patrick B. Supervisor Stuckey C. Supervisor Whitley 9. Chairperson's Comments 10. Audience Comments 11. Adjournment 12. Board Workshop The next meeting is scheduled for Monday,March 10, 2025, at 1:00 p.m. Inframark,Community Management Services Quarry Beach Club 11555 Heron Bay Boulevard,Suite 201 8975 Kayak Drive Coral Springs,Florida 33076 Naples,Florida 34120 (954)282-0070 (239)348-7326 www.quarrycdd.org 161 lA ?_ * LocaliQ Florida PO Box 631244 Cincinnati,OH 45263-1244 GANNETT AFFIDAVIT OF PUBLICATION NOTICE OF MEETINGSOUARRY COMMUNITY DEVELOPMENT DISTRICT The Board of Supervisors of QPar es Quarry Community Dex Dist Special Set- Community Development District will hold their meetings for Fiscal Quarry CDD -Intramark Year 2015 on the second Monday of every month os listed below of 1:00 210 N University DR,Suite#702 at"e9nt 75 Quarry ak Delve. located Coral Springs FL 33071-7320 JidnlitheaCeptibouvi whch here benot meeting,os follows, October II,2024 November It,2024 STATE OF WISCONSIN, COUNTY OF BROWN December 13,2002251 February 10,2025 March 10.2025 April II,2025 Before the undersigned authority personally appeared,who May 12,]OApTentative Budget June 9,2025 on oath says that he or she is the legal Advertising August 11.2025 Budget Public Hear. Ina Representative of the Naples DailyNews,a newspaper September e,2025 P PTee meetings are open to the Public and will be conducted in accordance published in Collier County, Florida;that the attached copy with the provision of Florida Law for Community Development of advertisement, being a Legal Ad in the matter of Govt Districts. There mot be occasions when one or more Supervisors may portldM/te vlo uisotie Any Inter. Public Notices,was published on the publicly accessible ested person con attend the meeting of the above location and be fully website of Collier and Lee Counties, Florida,or in a informed of the discussions faking place.Meetings may be continued to a date,time and location to be spec- newspaper by print in the issues of, on: tied on the record at the meetings without additional publication at notice. A copy of the agenda for these meet 09/23/2024 logs may be obtained from the DIstrict Manager's Office,210 North University Drive. Suite 702, Carol Springs. Florida 33071, (951) 603. 0033. or by visiting the District's Affiant further says that the website or newspaper complies website at blips:/iwww.ouorrycdd.org/, Addl• with all legal requirements for publication in chapter 50, refer to interestedDict partiesebstemay refer to the District's website for the latest District Information. Florida Statutes. Pursuant to the provisions of rise Amer,cons with Disabilities Act,any Subscribed and sworn to before me, bythe legal clerk,who person atthring special accommo- dations these meetings because of is personally known to me, on 09/23/2024 a ouldbi"tc chysic impo strict should contact t thh e District Manager's Office at least forty-eight (48) tours prior to the meeting. If `~_ T you are hearing or speech impaired. please contact the Florida Relay Service by dialing 7-1.1,or 1-e00.955. Legs erk 0771 (STY)/T300.95541770 (Voice), for old in contacting the District Manager's Office. Each oson who decides to°Pings one any action taken at these meetings is oovised that person will need a otary,..tate o ,Co my ro\t.'i1 record of the proceedings and that accordingly.the Person may need to ensure that a verbatim record of the //.:—` rs`�'7 proem testimony is mode. Including which ch c_//(-+,I"/ / OroCee in and evidence upon the such oppeal is to be based. Justin Faircloth My commission expires Manager No.10585332 Seat.73,2024 Publication Cost: $311.68 Tax Amount: $0.00 Payment Cost: S311.68 Order No: 10585332 #of Copies: Customer No: 1125615 1 PO#: fiscal meetings THIS IS NOT AN INVOICE! Please do not use lhit form for payment remittance. NANCY HEY MAN�'�ii Notary Public Page 1 of 1 State of Wisconsin 611A2 From:gregg wrap<greggwrapyahoo.com> Date:Wed,Jan 29,2025 at 8:09 PM Subject:CDD Board To: Dean Britt<d_eanabrittftgmail.com> Dean, If you still need somebody to serve on the CDD Board, I'm interested. I'm cutting way back on my consulting hours and can make the commitment of to attend the meetings on regular basis and engage to the best of my ability. I'm anxious to learn more about what the CDD does and the amenities it protects. Respectfully, Gregg Wrap )ayahoo.com c(913)522-3954 161 1A2 V G V/*/ Oowes,. DISTRICT BOARD OF'SUPERVISORS OATH OF OFFICE e M ,A CITIZEN OF THE STATE OF FLORIDA AND OF THE 2 STIES OF CA, BEING EMPLOYED BY OR AN OFFICER OF V'�/(,'e'er' �`'�� , DISTRICT AND A CIPIE !f OF PUBLIC S AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES A OF THE STATE OF FLORIDA. Board p sor ACKNOWLEDGMENT OF OATH BEING TAKEN STATE OF FLORID COUNTY OF G//i v The foregoing oath was administered before me by means of ysical presence or 0 online notarization this /(,) day of ) 4,' , 20_,Ar,. by A44- 1 - , who Rersonally appeared beforeme, and is personally known to me or hJproduced /4t l ,s 1r,1,-. was identification, and is the person described in and who took the aforementioned ath as a Member of the Board of Supervisors of great CO/h?ne--0;) f4A-� kt.; -- District and acknowledged to an2l beforIme that he/she took" said oath for the eirposes therein expressed. (NOTARY SEAL) No blic, State of Florida 1 . ARMPIT.FA LOTH r--' (' IrfY COMAISSION HH3seoee Print Name: Ttr.44`41,7 Mirth 1,2027 3/I. ? Commission No.: xpires: 161 1A2 NEW SUPERVISOR INFORMATION SHEET PLEASE RETURN COMPLETED FORM TO RECORDING SECRETARY: Infra mark 210 North University Drive Suite 702 Coral Springs, Florida 33071 CDD: Quarry CDD NAME: 4Za' r.00 ADDRESS: 1 19f 1 * (' Lqo; ' A/4 )4A PL 3 ytL �D COUNTY OF RESIDENCE_ () PHONE: g (a- 2 S 6, 5-- FAX: CELL: 5 At-, Gf F.MA II . A MYR FC$• ! V✓r�) @ 4 '1 ii'v . I6 11A2 OATH OF OFFICE (Art. [I.§5(b),Fla.Const.) STATE OF FLORIDA County of e L lirf✓ 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 6/c....,—y '64-4i / ?).N11-(N.....1 (Full Name of Office—Abbrevi ons Not Accep on which I am now about to enter, so help me God. 1,, 44 [NOTE: If you affirm, you may omit the words"so 1p me God."See §92.52, Fla. Stat.] PciLk tAI t ,T. Signature • i (Affix Seal Below) Sworn to and subscribed before me by means of _'':vsical presence Or online notarization this )1 day of ftsrir'...sa/y , 20 L.t-. f • lure 'Officer Administering Oath or of Notary Public Print, Type, or Stamp Commissioned Name of Notary Public Personally Known 0 or Produced IdentificationED/ Type of Identification Produced 4,. ;,a-r-_,l, 1.,1Ge..v- ,�- ACCEPTANCE I accept the office listed in the above Oath of Office. Mailing Address: Home L Office 121 0 2 y ‘ —‘,4. ,-- 0,,4.C. e vi., i j, 4/rer '-6'-- Street or Post Office Box Print Name it/4 13 EL 3 'ti 1'4) 7 City,State,tip Cod/ Signature ( ......._.__. .. l)`_1)1E:56(Rev.09;231 16 11A2 RESOLUTION 2025-01 A RESOLUTION OF THE BOARD OF SUPERVISORS DESIGNATING OFFICERS OF QUARRY COMMUNITY DEVELOPMENT DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Quarry Community Development District (the "District"), is a local unit of special-puke government created and existing pursuant to Chapter 190, Florida and Statues; WHEREAS,the Board of Supervisors(hereinafter the"Board")now desires to designate the Officers of the District per Chapter 190, Florida Statutes. NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF QUARRY COMMUNITY DEVELOPMENT DISTRICT: 1. The following persons are elected to the offices shown, to wit: t;Al-' Chairperson v Vice Chairperson Justin Faircloth Secretary Leah Ponelka Treasurer Angel Montaana Assistant Treasurer ���� Assistant Secretary Assistant Secretary ''" Assistant Secretary 2. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 10th day of February, 2025. ATTEST: QUARRY COMMUNITY DEVELOPMENT DISTRICT ,--- - • ma; Justin Faircloth Name: l)L4.J ,t3„G, 77- (reta ) Assistant Secretary Chair/Vice Chair of the Board of Supervisors 161 1A2 "0911)Cp.ollier Environmental Services Lake&Wetland Management Specialists 12/30/24 Quarry Preserve Treatment 4th Quarter 2024 Immediate Maintenance: No immediate Preserve maintenance action items were required for the fourth quarter. Wind speeds were monitored on days of treatment to prevent spray drift due to higher winds. Quarterly Maintenance: Area 1 was treated on October 25, 28, and 29 by Concho and crews. the preserve was covered and treated. Brazilian pepper saplings, torpedo grass, Cesar's weed, and some cogon grass we all treated. Cut stump, foliar spray, and hand pull techniques were used.The internal portion was too wet for treatment. Area 2 was treated October 21 with Concho and two crews. Brazilian pepper saplings, torpedo grass, and hemp vine were all treated. Foliar spray and hand pull techniques were used.A sweep of the fence was made to make sure no new growth was growing through it.The internal portion was too wet for treatment. Area 3 was treated on October 17 and 18 with Concho and two crews. Brazilian pepper saplings, some torpedo grass,Cesar's weed, and some cogon grasses were treated. Foliar spray and hand pull techniques were used. The crews were careful treating around the preserve perimeter.The internal portion was too wet for treatment. Area 4 was treated on October 22 and 23 by Mario,Jose, and crews. Brazilian pepper saplings, torpedo grass and Cesar's weed were treated. Foliar and hand pull techniques were used.The internal portion was too wet for complete treatment. A 1I 1 6 I 1 A 2 "I .: r! A ....-...-......, fi r',I••• • , 're lb* " •. et '''-' . .., li ' . !- .7..t• :' 4201° . ;- ',.': ... ' . ...a-........ 1..; I ...'t . . -. = X , r _ . iNZ 1 Cli I t , . • .. • • „ . .._ ..._ . ........ .. _ • _ ............ . .... I.. . ... - 1. •1 " . " • • . _- ...... . " - •. : -.' ....' ... t"'IL 4., -..., ,..., . .. . • * -' Pif ¶ 61 1A2 ' ? . ',.t- • .1) . '1.' 1 tlilli.4- 0- . .,,. , . 4 ;\11 _1. , . . • • •,. . .1 4 r . TAB s. e i , 'I?' y,-. . . • ,:"` ,' yf T om• .+ >r 1... - � ' - . 161 1A2 .,....._A,..., y� , , . • :A, it t 1. •A I* akt )k ,_ • 1"tik.. '' .-r • 'fir 1.�f •, 1. _ - ` ii (' • J 1, • ;y I`� ` • ' , • •1 r • ' A +,'i f\ 1 1.' i • , '� ,•��i•1} It ` t •: ' i* . •is.*'-r . '�cif - . ` �•7.i+/._S,Ij.Z' J.i4i� `_i',?►-'•t _ 16I IA2 From:Albert J. Lopez<alopez@cphcorp.com> Sent: Monday, February 3, 2025 1:29 PM To: Mark Puthoff<Mark.Puthoff@fsresidential.com> Cc: Faircloth,Justin <justin.faircloth@inframark.com> Subject:QCDD-9360 Marble Stone Drive- Pool Construction This Message Is From an External Sender This message came from outside your organization. Please use caution when clicking links. Mark, As Justin previously mentioned.We (CPH)were on site last Friday performing a site inspection when we noticed the construction going on at this location which is currently impacting the drainage swale(see photos attached).The GC representative informed us that the owner had gone through QCA approval which you have provided a copy of.Was this submitted to the Quarry CDD for review consideration?Can we get confirmation from the owner that the swale will be grade it back to original conditions? 161 1A2 -14k* l ' ,, s i 4 ♦ yi'♦ �. d v • • .,r rot�l • f ! 110111r. '�i Pq• ' 'yid ',, 161 1A2 fir' " > . Regards, Albert Lopez BRANCH MANAGER—FORT MYERS, FL alopez@cphcorp.com 0 239.332.5499(x3207) c 386.518.9175 © 0 BUILDING STRONGER COMMUNITIES TOGETHER From: Mark Puthoff<Mark.Puthoff@fsresidential.com> Sent: Monday, February 3,2025 1:09 PM To: Faircloth,Justin<justin.faircloth@inframark.com> Cc: Lopez,Albert J. <alopez@cphcorp.com> Subject: RE:QCDD-9360 Marble Stone Drive This Message Is From an External Sender This message came from outside your organization. Please use caution when clicking links. Good Afternoon, 9360 Marble Stone has been approved for an extended lanai. Their work will not encroach on the CDD lake easement. 161 1A2 Thank you, QUARRY Mark Puthoff,JD, LCAM,CCM Quarry Community Association Manager From: Faircloth,Justin<justin.fairctoth@inframark.com> Sent: Friday,January 31,2025 11:41 AM To: Mark Puthoff<Mark.PuthoffPfsresidential.com> Cc: Lopez,Albert J. <alopezPcphcorp.com> Subject: QCDD-9360 Marble Stone Drive Mark, Albert is on site presently reviewing items and has noticed that 9360 Marble Stone Drive is currently working on their home and is encroaching on the swale. It seems the homeowner noted to Albert that they have authorization from the modification committee.Would you please review and send me anything you have on this item as we do not seem to have record of this item?Thank you. Sincerely, Justin Justin Faircloth I CAM,CDM I District Manager 6INFRAMARK .N/AASTotilk-f„Yw MANA.,:f.Nf N' it wvii f s 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. The Quarry Construction/Pool Application UPDATED 10/3/2023 Use this application for Structural Changes, Home Additions/Rebuilds and Pool Requests Submit Application and Required Items to: The Quarry Community Association,Kayak Drive, Naples FL 34120 Property Address: 9 310 ry 04e, .cQ, O'iVt NoikS t FL Owner Name: f C\(\tAt O 1`folk 6 i,ty Owner's Cell: 330 "7aO -0' 09 Owner's Email: Nc'zo€,b;1‘/ \5rntitl . corn Contact the management office with questions at 239-348-7326 ("-"S 1) or at 8975 Kayak Drive. Office use only Q Eammun; Association Stamp with date when submitted and signed: NOV tY 72024 Application has been initiated with Required Items attached. j —— J e.g.site plan, sec deposit, photos, etc.additional items may be submitted as requested. Stage 1 Pre-Application Construction Meeting Date: (Not required for Pools) Approved to Move to Stage 2 _Not Approved _More Information Needed Date: Signature: Does project require a CDD variance agreement?_if Yes, is the$500 fee collected + paperwork attached?Yes_No_ Does project require HOA Architectural Review? if Yes, is $350 fee collected?Yes No Does project require Damage Deposit(s)? if Yes, how much?s!0,c' ' collected?Yes No Stage 2:Application:Site Plan, Footprints,Elevations, Renderings and Engineering Plans Approved to Move to Stage 3: Date: Signature: Stage 3:Construction: Additional Applications as required/Change Requests as Needed:Note Applications&dates: Stage 4:Final Completion:ADS changes as needed,if any,and Project Approval 1 16 11A Owner to complete: Check Scope of Work (* Indicates Deposit Required): Mark all projects you will be completing: *Home Rebuild/Addition YES*Pool AdditionYEs *Lanai Expansion *Garage Addition Mark the following areas that will be affected by your aroiecti: each marked item will need information on your application or an additional application, depending on detail/vendor, etc. or as requested by the MC. Doors/Windows X Driveway/Roof/Gutters/Downspouts X Patio/Walkway X Lanai Screen Endosure Landscaping (adding/removing trees; changing beds—attach before &after site plans) will be same,just moving for Exterior Paint no change. will he same as current enclosure Stone Siding Addition/Removal/Color Change (sample required) By initialing you Confirm you are not using the same body paint color as a neighbor directly to your right or left. MB Color scheme #: House body color: tnm: garage door: front door Shutters: Other areas(specify where+color): Do you have a storm/secondary door? If yes, will you be painting it? if so, what color? Will you be painting your gutters + downspouts? YES if Yes, what color: guttersBronze(same downspouts Bronze (same Other: specify as enclosure) as enclosure) Depending on Size+Scope of your Project the MC may approve your application in stages: Stage 1: For Rebuilds and Expansions it is recommended that you set up a "pre-application" meeting to discuss your project and determine what is required for the application process. This gives you the opportunity to run your project ideas past the MC and get valuable feedback prior to hiring architects and engineers. Stage 2: Application submitted. Until an official application is submitted the MC cannot give any approvals. Once you've entered Stage 2 with your Project, the MC can begin to give official approvals. Stage 2 focuses on your site plan, existing and proposed footprints, existing and proposed elevations of all structures, renderings and engineering plans; all may be required at this stage, please reference your approval letter. The QCA may require that your Project be reviewed by QCA Legal and/or a QCA Engineer/Architect—if this is the case an additional application fee will be collected. Once official written approval from the HOA is received in Stage 2 you may move forward with permitting and your Stage 3 applications. Copies of your permit applications must be submitted to the Community Association Manager (CAM) to ensure what has been approved is what is submitted to the County. Construction updates will be due to the CAM by the 5th of each month to be reported at the monthly MC meetings. The CAM and MC will use these reports to keep the community up to date on your construction progress. Stage 3: Applications include: roof, color scheme, gutter approvals, lanai cage, materials, hardscaping, landscaping change approvals, etc. The MC may ask for additional information during Stages 2 and 3 which may require updated application information and/or additional applications. It is also in Stage 3 that you will be in the building process so any changes that your Project needs shall be resubmitted immediately to assist with a smoother process. The process is unique to each Project. You will be in Stage 3 for a while. Stage 4: Final approval. The QCA/MC will give specific written approvals along the way in Stage 2 and 3. You may not move forward with any change without written approval. The MC reserves the right to request minor changes and applications as needed up through final completion to ensure all ADS are met. 2 1 6 I I A 2 Describe Scope of Work: (See Required Items and attach more information as necessary) Adding 8' C:h1 U wall for new outdoor kitchen,extending lanai and pool deck per plan on lanai extension package, screen door(with small pad) move with new screen per plan, replacing exisiting screen cage with new per plan on lanai extension package - I induded the ans‘.ers to the questions asked on 10/28/24 beloi, just in case plea,, see plans submitted-on Lanai Extension Applicationlor site plan etc 4/1/25-5/1/25 (depending on when Estimated Start Date: When approval is received Estimated Completion Date: approval is received) Required Items (attach if applicable): Applications shall be considered by the Modification Committee (MC) only after all Required Items and deposits have been received. o Contractor/Owner shall pay a $10,000 refundable damage deposit. o Pictures (required for all applications) include before and, if possible, proposed after pictures. o Site Plan showing property lines, easements and location of work. Include accurate measurements. • Exterior Paint colors. Specify body, trim, garage, shutters, front door, gutters and downspout colors from approved Color list. If staining stone siding, sample required. o Sketch of Work (Landscaping applications shall include a before picture and after designs showing the names of plants and accurate dimensions). Sketches should always be submitted on site plans showing lot lines, easements, etc. o Renderings from all sides and overhead. o Floor Plans; Irrigation, Drainage and Certification Plans; Screen Enclosure Plans. Community Irrigation Letter o Pool Plans (shall include landscaping plan, pool enclosure plan and irrigation letter). o Stone/Tile samples, pictures of Sculptures/Fountains with measurements, etc. Any information that may assist the MC in completing the approval process. Recommended Contractor's Insurance: 1) bodily injury and property damage liability insurance in the amount of at least $1,000,000 per occurrence, 2) automobile liability insurance in the amount of$1,000,000 per occurrence, 3) statutory worker's compensation insurance and 4) employer's liability insurance in the amount of$1,000,000. Contractor shall maintain all insurance in force for the duration of the Work. In addition to the above, in the event the Scope of Work covered by this Application includes masonry, concrete, pool installation, roof replacement, tree removal, pool/screen enclosure replacement or the installation of a generator and/or propane tank contractor shall provide the following additional coverage provisions on their commercial general liability, umbrella liability, and automobile liability policies, providing that 1) both the Owner and The Quarry Community Association, Inc. are named as additional insured, 2) insurance shall be primary and non-contributory, and 3) in the event any policy is cancelled or terminated, insurer will provide statutory notice. The endorsements shall identify the Owner's address where the work is to be performed. The Owner is strongly encouraged to require all persons or entities doing work on their property to obtain the aforementioned insurance coverages but regardless of any insurance coverage Owner acknowledges and agrees that: MB (Initial) Pursuant to Section 7.3.3 of the Fourth Amended and Restated Declaration of Covenants, Conditions and Restrictions for the Quarry: Any damage to the Common Area or any structures, equipment, improvements or personal property thereon caused in whole or in part by an Owner or their family members, guests, tenants, licensees, and invitees shall be the responsibility of the Owner who shall reimburse the Community Association for all costs of repair or replacement, at the sole option of the Community Association, together with a reasonable allocation of overhead incurred. The Community Association shall not be required to delay repair or replacement pending receipt by Owner of any insurance proceeds. MB (Initial) Indemnification: To the fullest extent permitted by law, the Owner agrees to indemnify and hold harmless the Association, its directors, officers, members, agents and employees from and against all claims, damages, injuries, death, losses and expenses, induding but not limited to attorneys'fees arising out of or resulting from the performance of the Work approved pursuant to this Application. 3 161 1A2 Work Rules and Procedures: • All required county permits shall be obtained and displayed by Owner prior to beginning work. • Prior to submitting a drawing of any modification or alteration that may affect the irrigation system, Owner shall contact the Association's Irrigation Vendor to identify any irrigation or utility lines in the path of excavation. Owner shall obtain a letter from the current Irrigation Vendor either: 1)confirming there are no irrigation or utility lines in the excavation path; or 2) confirming that the Irrigation Vendor shall relocate existing irrigation lines at the expense of the Owner. The Owner shall contact utilities to relocate their lines, as necessary. Owner SHALL USE Association's Irrigation Vendor. • Association common areas, including roadways, shall not be used for short or long term storage of materials. Excavated soil or rock shall not be placed on a roadway surface or any common areas. All waste, soil or rock, excess materials, fill, etc. shall be removed from the property within 48 hours. Use of any property other than Owner's lot where the work is being performed shall not be permitted. • All work shall be performed by an insured and licensed contractor. Owners and contractors shall comply with all applicable codes and regulations and all required permits shall be obtained at Owner's expense. • Owner shall repair and return all areas affected by construction to their original condition. • All current and future maintenance of the work completed under this application shall be performed at the Owner's expense. • Owner shall have permanent responsibility to maintain and trim all approved landscape modifications. No landscape materials may encroach on neighboring lots or common areas. • Pool heaters, satellite dishes, generators, propane tanks, and all other ground-based equipment or structures shall be screened from view with hedge plantings(i.e. Hibiscus, Eugenia or Viburnum) 30"high, planted 18"on center and then maintained at a minimum of 42"high. • If at any time in the future, any legal/regulatory agency requires modification of the work covered by this application such work shall be done by the Owner at Owner's expense. • Each homeowner shall be responsible for ensuring that improvements to his or her property do not improperly encroach on any property subject to an easement or another's property. Per the Quarry CDD Counsel: "Notably, the Quarry Community Development District("CDD") is responsible for the stormwater system and conservation areas serving the community, and, accordingly, holds certain rights in, among other lands, all"Drainage Easements," "Lake Maintenance Easements,"and"Conservation Easements."It is the homeowner's responsibility to carefully review all property records and ensure that the homeowner and his or her contractor do not construct improvements (e.g., walkways, docks, landscaping, sprinklers, patios, decks, air conditioners, pools drainage outfalls) within any such easement areas. (Note that such easements are identified on the community plats, but the plats may or may not correctly identify the CDD as the responsible party. Please contact the CDD if you are in doubt about any such easements.)The homeowner agrees that the CDD may remove at the homeowner's expense any such improvements encroaching on CDD easement areas, and the homeowner shall be responsible for any legal fees and costs necessary for the CDD to enforce the terms of this application as it relates to CDD easement areas. The CDD may in its sole discretion elect to grant limited variances in certain circumstances, and the homeowner is responsible for obtaining any such variance from the CDD prior to the start of any construction." • Structures shall not encroach on any easements. • Owner is solely responsible for ensuring hurricane shutter installations satisfy county code. Permanently attached portions of the shutters shall match the body or trim color of the house. • Owners who start projects without required permits or MC approval shall be issued a stop work order and are subject to sanction by the Board of Directors in accordance with the Bylaws. • Other than roadways to access the Owner's lot and house, Owners, Owner's agents or their contractors shall not use any portion of Association common areas or lots owned by others to stage equipment or materials or to perform work approved by the Association. • A certificate of completion and final inspection and approval by the Association shall be required as a condition for the return of refundable deposits paid by Owner or contractors. 4 1 6 I 1A2 General ColslitiQna 1_ All work under this application shall be subject to requirements of the Covenants, Conditions and Restrictions (CC&Rs) and Bylaws of the Quarry Community Association, inc., and applicable Rules and Regulations and the Architectural Design Standards. The Association reserves the right to request additional information and charge additional fees or deposits, not otherwise specified on this application. 2. Owner agrees to and shall complete alteration work in accordance with this application. if approved worts has not commenced within twelve months of the original approval date, this application shall be considered to be withdrawn and a new application shall be required if the Owner desires to later proceed with the work. Also, any changes to approved work in progress shall require the Owner to submit an Application and obtain advance written approval from the Association 3. In the Association's sole judgment, any work that does not conform to the provisions of the approved application may be required to be redone and/or the Owner shall be subject to Compliance provisions of the CC&Rs, including sanctions, as imposed by the Board of Directors. Any work that is not completed within 90 days after the Estimated Completion Date may also be subject to Compliance provisions. Owners may request extensions of approved completion dates. However, granting extensions of completion dates shall be at the sole discretion of the Association. 4. All work must comply with the provisions of the current Architectural Design Standards regardless of any MC approval of the documents submitted by Owner either with this Application or otherwise 5. The Association has 45 days to complete its review of each Stage of this application. The 45 day review period does not begin until the COMPLETED and signed application, including Deposits and Required Items, is received by the Association.The 45 day review period resets with the receipt of any and each MC request for information. The i' Application must be signed by the OWNER. All correspondence related to the application shall be sent only to OWNER. 6. All work covered by this application shall be subject to a final completion inspection and approval by the Association, per Article 13.5 of the CC&Rs with right of entry and inspection upon property. 2. MC approval should not be taken as any certification as to the construction worthiness or structural integrity of the change you propose. In addition, any changes that affect the Surfacewater and/or Stormwater systems in the community in any way, will require the current Lot owner to mitigate the damages and correct the defect to the satisfaction of the QCA and/or CDD. (Article 6.4.3) 8. By signing below you are Indicating that you understand you must wait for receipt of your written approval of the application before beginning the foregoing alteration(s). Acknowledged and Agreed to by Owner: Owner's Signature(s): -/,1d Date /clz /2 Signature(s): Date io/L 9/z y 5 Forwarded message 16 I I A 2 From:Mark Puthoff<Mark.PuthoffCafsresidential.com> Date: Mon,Oct 28, 2024 at 11:21 AM Subject: FW:9360 Marble Stone(Billy)Extended To:mmzaebilly<mmiaebilly0gmail.com> Good Morning, Thank you for speaking with me this morning. The Modification Committee members have a few questions which they would like answered before they can make their decision. Please provide answers to the following questions in red: 1. the outdoor kitchen wall will be extended even with the exterior of the home, correct? yes 2. It will be 8'tall and io'wide and butt up to the existing exterior wall, but will be shorter,so the screen will continue from the top of the wall to the screen roof,correct? yes 3. Will they be moving the screen door?And will they be moving the pad outside where the ODK wall is to be installed? yes 4, 4. We may require landscaping in front of the ODK wall to "buffer"its view-- but that decision can be made once approved and installed based on aesthetics, please make the owner aware. ok 161 1 A 2 • ... • •• VISIONLANDSCAPES Date: October 2, 2024 RE: Irrigation Re-Routing Letter Mark Puthoff, Please be advised that an Irrigation Re-route proposal will be created for 9360 Marble Stone due to pool/lanai expansion taking place. We will be doing the irrigation work in two stages; stage one will be cutting and capping to prevent further damage to the irrigation lines and stage two will be to reinstall irrigation to make sure we have good coverage and the right connection to keep the system running with current irrigation controller. Should you have any questions, please contact our office at the number listed below or your Account Manager on site: Roberto Benitez at(239)451-7122 or Robert@Yisiontandscapeservices.com Thank you, Roberto Benitez Client Service Manager Vision Landscapes t. 888.502.2113 m. 239.451.7122 e.robert@YiSioniandscapeserViCBS,.cor1 w.www_.visionlandscapeservices.cQ_M • •'S •\/• VISIONIANDSCAPES 1 6 I 1 A 2 From: Jem DiPasquale To: mmzaebayq Wesley Horth;Liam Kelly Subject: Re:renovation project Date: Tuesday,September 24,2024 5:24:20 PM Attachments: Hello, l believe this response will answer all you questions. Please advise if more is needed. 1 -we are not replacing the front door or garage door 2 -every window will be replaced with exact same size, design and color as current. 3 -the new windows are impact and the home be more energy efficient and will no longer require shutters. 4 -the new pool enclosure will have the same mansard roof and design as current only longer to accommodate pool addition 5 -the new enclosure will be the same bronze color as existing 6 -the gutters will be in the same location and the same color as existing. 7-the new screen will be almost if not exactly the length of the neighbors. 8 - the new ODK will not have the roof extended over it. 9 - we will build a concrete block on the patio separating the ODK from the exterior. 10-the block wall will be stucco'd and painted to match existing home. II -the wall dimensions and location are shown on the submitted plans 12 -the HOA's landscaping/irrigation company has already contacted me GMB and understands what's needed 13 -the new landscaping will be replaced like for like with what's currently there. Thank you, Jerry DiPasquale Project Manager Green Mountain Builders 9240 Bonita Beach Rd. SE, Unit 3300 Bonita Springs, Fl 34135 (3rd Floor) Cell: 239-248-5088 .4444- .1JJ11 "it* * IME V THE OFFICIAL t BEST v COMMUNITY'S t BUILDER crr CHORD E NI WINNER V .1 1. Bonita springs 16 11A2 15. Outdoor Kitchen Scope Furnish and install new outdoor kitchen per owner approved plans Stucco the cabinet to match home Granite Level 1 Countertops included Paint the cabinet to match home Install equipment listed below Outdoor Kitchen Equipment: FIREMAGIC A6601 AURORA GRILL FIREMAGIC DRAWERS/TANK TRAY FIREMAGIC DOUBLE DOORS ZEPHYR OUTDOOR REFRIGERATOR included Features: Fire Magic double burner and s'rigle door Stone Cabinet Full wall Granite 8acksplash 15. Outdoor Kitchen Total: 16. Screen Enclosure Scope Extend screen enclosure 12'per owner approved p'an Engineering for screen enclosure included Reverse half mansarc cage-'Bronze' Roof w/17/20 Super No See um Screen Full Picture Window Walls w/17/20 Super No Seeum. 2 Welded doors w/Hardware and pull Style Handle 7' Super gutter w/Downsoouts 16. Screen Enclosure Total: 17. Pool Scope Furn!sh and install new pool per owner approved plans. Remove approximately 18`of existing spa bench seating Install stepped spillway as per design(9'x 18)with basin Install sun shelf(10'x 12')with 2 bubblers Modify Spill way one foot each way Raise bond beam and new skimmer to set higher elevation Plumb 3"line for stepped waterfall Install 3"pool wall suction fo,second pump Plumb(2)2"lines for(2:,non-lighted bubblers Install new 2"overflow Supply and install Pentair Irtelliflo3 VSF pump Pool Tile&Pebble Tec Remove existing tile and prepare area Supply and install tile to pool and spa including exterior spa Install Pebble Technology Finish-Pebble Tec Standard Color:(Tahoe.Caribbean,Sancy Beach,White Pearl) 17. Pool Total: 18. Travertine Pool Deck Scope Travertine Pool Deck Supply and install new 12'x 24"Travertine Supply and install new 12'x 24'bull nosed coping Mud set perimiter decking Sand set field areas New color matched deck drains Pour concrete deck extension- 12 18. Travertine Pool Deck Total: 16 11A ?_ V 4u .1 cn 4) 1_ _ —,h I O V I--iv —I v 0001,9 = vw7 sot a) I - V I ,I w7 Cl) :i I i Is I ! I •,i, j 1 e i `. i ,.._:_.- :_.--1. I .. —_ - - It/ t—/L' I- tio'— r-- 161 142 �--- _ 3n,ao 3%O1S31YavwOnno :sspiaav lot t ”.,1 i;ifw7s., .9 T o,.naa _ mt.v.. � �� 'ih '• ink ii 0 1LWU91 M�3iVC -...._-_.:. ,..r.e vear.�i.��'J JO j u�lo��d�5odOi I I iii 1 Ti ig101 k F , III8I! @ 13.a / !! f 11I i II fille il ill iii I g !pupil WAotttt .. hip- mdf , illoi r i t I: c0.1 lin 1 in i = •ifilif oo o ii s f .• 1 mom • < N C o X c c a `' Z p a a Q M O C G E. 0 C (1.) o E a (<1 intAfil rt ti -2 b 0 0 6 .(,-,) a: n ••-= td, in -e d > a .N E a , o vc a tr.r.J _ to . . n, o c ,d . _ � H U NW 15 d W a o W 2( • O, O R it. V — fV fh V .A `O t< as O. a I i o a!l t f O! 3 o F r e s a 1 $ S. =a u o ` 5 8_ R RR Y .I O £ x it jli 0 2! 1 QFb ' i1 E -18 1 O ! a 1s E 44 1 b li F 1 h 1111 S g B ��c� ; 0- bt 1=gf i E 5c8. oJ }.!c. Ilt i� _ti I V f CG iii"�� 2 1$§g3 a f i i . sip sl 1 6 I I A 2 i poseti&P! "c`. - 1 i iI l • • EXISTING I' . \;J O s-FeitIF j 4 ,4 !j 1 I I I ' 1 1 i I ; 1 _ 1 --- SEtBnac - __ i ' I i 6 1 i i i 1 I � -- — --pow ; - - — J / \ (n MARBLE STONE D VE c 13 4 _..___ _ , Proposed Alteration For __ ow.o Mwtai■iiNe• "^--7-7^ 011 C6r:6,2024 _a X BILLY rX w..;nI• ur.uao -4 j JOB ADDRESS: 9360 MARBLE STONE MOVE NAPLES Ft 34110 _ '��L H�» er- :wI" "" r 7 _- - ---- ,1 16 114 2 I i; rem 1 I l I/a\ PM i 1 `� ii ,. I : ___ 111. • i r___, il il i . , , i ilim i iLi : j1 I ` �� , j I 1 1 _ = 1 .I \=siik=, Z3 il M s T Grer.down.0 Nrs DATE.96.'16R02.1 Proposed Alteration For ,. a�-.z�, - --.g .,ti.... I N: BILLY k.RiF,atIt.I ',,..- --_ JOR ADDRESS:9360 MARBLE SCONE DRIVE _ 'f NAPLES FL 34120it 1 6 1 1 A 2 1 I , .) -1 • r . IT! e ,."-..:.t II P"rWref."3--j 1 . : 1 r '....'S 1 l , 3 . . .... .... 1 ________ 7.:5.:::141001ja' 1 - •A'z El • 0 FT\ ! I t • Lf---7- , - 0 __ _'- -1- :. ir:-fil-1 0 A 1 = i -3 MI I t e 1 . i , ! 1 0i III i i 1 1I1 . i I i it ' 1 f ° I ... 0 , 1 • lls 4 g , Proposed Alteration For — —Al\ I c—,,,,,,,,,is...iso, ":77-7•7= _ DATE:an 6.2024 i C•44.-i. BILLY ,.:“I-, \I(.',, , 1.:,;--.L • --., , - •- - -- or.s" -g; 10e ADDRESS: 9360 MARBLE STONE NWT . - r-.... _- .... —I* NAPLES,N.34120 -.*.,..-747 :::----.....7 —.--:----- .....S.1_ . . 161 i A 2 • 8 1 Pi .. 'ram i ill t_ - - :k..1.-- --- . ,.:, 1 , 'i f ' 1 , i = 1 ,, ,.. 1 L' =-&,, 1 ri, r 11111 ii !II j ii i m T 0 1 R n Proposed Alteration For 01..,►fw+,%Wm =". ♦ '-�' ''"DATE01416 '{ � wa..i.,+m tit __ yr. V■' � BILLY r R' f]I. • U.UM : i4a .-- '` JOE ADDRESS: 9360 AAAREIE STONE DRIVE a NAPLES.Ft 34120 lt'a'"'" <_' __.• - 3 .. _ _ ____________ 16 I lA 2 1 • • m.r Pi.. r 1.4411R —1......, I . _ . 44..111. I I I II I , I I 1 'N\ • , . 14, . . i • .1 1 1 r I . • . . i I , • • ' I . Illr 10'I I I I I I I I --• • 8 a, ..., 0 .„ • 1? .1;? 4, ...„.. Proposed Altegotion For ish.paraosabo — - -- DATE 033/16/2014 ve=taint .---..,_-_c. i t+,..s.talll• CD SILLY Hr Irgiit "T lill ,....., i'VEKATCLORES.6r.FS.• Ir A —....."...." I '.!: INmha No•••16.244/6 r..:.r......:',...43.z.,.71-...C... . JOS ADDRESS:9360/NAME STONE ORME L _ ._._____ _ NAPLES.Ft 34120 " - — - ____ - _ _ 1 6 1 1 2 ... 43• i 41,7 •. grir 3 - I or .. 1 . . . , • I , rri , t z i III ,! 0 2 t . i-- I m 0 m a x z . I xi a...PP • , . 1 * i . I 7C CD 1 • . 1 I / I • I • . K... 1 , . 1 I : I I CI , ............._ .141' . —— -- - —..._.. . _____ 1 0 rn i Z Z ' 1 , C.) 2 . : 2 t , m m I m m Jo 1 0 22 t 0 RI co 1 x z t x z l'-0" ....3 m 0 m 0 804,,, A2 . GI 90 ' sn go, • . 1 0 ar, AiLott. '* C ,., .0101111(.- I ;13 73 7t n I D L. CO CD , CO 3-1C-- CA -< 3 • ' N Ape , -< .. i C) . 3 , . , Ac— L I> or—Jitiet i ! ! • i 1 , ,., _ ._ - - •• _.. __I ', I Proposed Alteration For I ' - ---- —- c•••Mart3in&Wen 1=-7.='•..r.r:. DAM 04/16/2024 .24,11kawa Deaf Ilfl Sit t----. ---- ,..,.,.,,..,, .:-.-D. 1 .R1 1.. P........T.D. I 10144 II_ BILLY .Sk11.NI,IN. ,.ing..N.PAI "..T.,,,.- --...•--., • JOS ADDRESS: 9360 MARBtE STONE DRNE 1_.,. NAPLES.FIL 34120 _ _ 161 1A2 g in" /i 4 1M 3I Ali I go 4. --- -, • it 1 wort* •I■T HT-i MEW i 4 s1 111 1*;li �' -- I Ellill • KW ..., ,i; , m-11 ? i,____,,,,, ... t s i = { r I g a `- I I 1 I ii. 4-4 E m .-- �' _--t g < , r-1•Co R cn a 5 r-- -_ ----� 11° - s j s> F a ! ', Hi- - w'.• _-3 Proposed Alterot;on For 0111.•663,42,Budder, __zW..:_ DATE:GV16✓20M — 'Was. RAS£ r— a�'—br--'y a__P.. ..vw t.lt CO f's BILLY :RI I♦%tuu ♦114\ 14..)tM 3.7.s_a2=•_u--,..3. _. �. 4 JOE AEIOEESS:9360 MARB.E STONE DRIVE _?= __- NAPLES,FE34120 0N.tr"" =ii?�r' a x f24?" _ a. 16I lA2 I f 4 I - I � < I Ut i 1 I 1 s --- - • -- • . . 1 2 liol Cl' l a 5 -,,-. ,. , _ i a i . , i -- - 1 a i ,,,.._ ,. _ .._,, , .., -, 6 • I 4.1 I 1 i ,' a r / `D .r, a1.3.Od. 3 Proposed Alteration For ^�� a DATE:avtsnOJ+ CO m !ILLY tare\%lnt\T,r, i'" lawId — p ...2 a...a.y.,-1. I Y 1Ot ADDRESS: 9360 MARGIE STONE DRIVE - . ._ NAPLES F134120 ... - _?- - _i ' 61 1A2 Ate, i I 1,iipi r' • .. , ....,.... ... . i 44 ' Mgr • ,,.; - • r 4! 1._ . -a <a• - � � f if _ \ _ '\- ,--- - :. . '''' 161 1A2 - 14(111111/16H . - _...._ .i11, I�ft. cerirmy ��.. *4 ... . igin_........„.. . . .....,• ,. ......_ , . .. .,.. _w - ___ , ., •? • - lam. 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'4io.•,• .' ..,-1 0••-V- ; . . , .. , . . . . -''' 44:VW"' .,... . '.'fi:1:....1:= '•''.' . • ' - . . , . . . .... . , . ',' ,e.?'I,y••C.''r, • . , I' •i..•''; , . , t . .' •••t'l e 4. '..:.• k-irT,7 ''''' ' ' ••• ". -. ,',:':di , . . . . . . . . . • -,.. ,••-•-• .-.- '.• . . ,• . . r . • _ 16 ! 1 A ; • T . _ 4 _ ylitam,: _ J - - - - _ =r � .i a. t . ter . Pool Paver 1 6 f 1 A Waterline Tile 1 11 ' AIM A D. . : v :IN 4__ w - _ 1 :1► : � :w 161 142 e o ii c...J ,..4 4 ro \ �"' 'P , _fir 3 9 7 k /!4 --- 4Att,8 / •° a / V& // .7 °/ ii 1 ,„ 0 0 ,,,A, 4 • .; // . .0 , i 1 ..ia• .,/ , CI f p or /! nj ii 1 C Q oc 6 \ ..Z NW C1? G. 0 /"1 O. o" 0 ! 6I 1 A 2 hw ) eon.... -. \ / Z' f _ v �-- ..- - _ -- 4C1-4) • r `. �_ �. — -- i —lid _____, -4. 7 , . . 1 . _, . 4_ _ i. 1,,,. u. - - . , - , I I ------ N TTT104V) Z 161 fA2 Dow 5212024 PROPSAL a 811.LY•8 Customer 10 B"LLY 9360 MANE STONE DRIVE NAPLES FL .., oXSQFT REVERSE HALF MANSARD CAGE-BRONZE 3,456 -Roof w 1220 Sugar No See urn Srueen 1920. -Full F'ict re Wktlew Wass/172o Sugr No Soo" 1.536 •2 Welded doors rt rgrdrnra and pod SN1Ae Hirai -7•Super queer it Oarrrporaa *12' Extension F , SIGNATURE - -- DATE Thank you lot choosing Elite Scresnlnq VOL, Screen enclosure information 16 , U ? .'!• VIS ION I.AN DSC APES Date: October 2, 2024 RE: Irrigation Re-Routing Letter Mark Puthoff, Please be advised that an Irrigation Re-route proposal will be created for 9360 Marble Stone due to pooUlanai expansion taking place. We will be doing the irrigation work in two stages; stage one will be cutting and capping to prevent further damage to the irrigation tines and stage two will be to reinstall irrigation to make sure we have good coverage and the right connection to keep the system running with current irrigation controller. Should you have any questions, please contact our office at the number listed below or your Account Manager on site: Roberto Benitez at(239)451-7122 or Rob_ertPvisionlanctscapeservtces,corn Thank you, Roberto Benitez Client Service Manager Vision Landscapes t. 888.502.2113 m. 239.451.7122 e. robert@visionlandscapeservices.com w.www.visiontandscapeservices.com ••• yVISKONIANDSCAPES 1 6 I 1A2 G ma i' MLB <mmzaebilly@gmail.com> RE: renovation project 5 messages Mark Puthoff<Mark.Puthoff@fsresidential.com> Thu, Sep 19, 2024 at 2:46 PM To: mmzaebilly <mmzaebilly@gmail.com> Good Afternoon, I have been working with the Modification Committee and suggest that your projects get broken up into two separate applications. The current application is too confusing. 1. This Aft/Mod Application should be for the windows and doors alone. I have made some modifications to your application to a typical windows and doors application. Feel free to use the one attached with my alterations or fill out the attached blank application. • All I will need are photos of your current doors and windows with a simple picture of the four exterior sides of your house is sufficient. • Please add a manufactures photo of what the new windows and doors will look like. Once these pics are received.this application will be good to go. 2. The Construction Application should be only for the outdoor kitchen/wall, screen cage extension, and downspouts. This one might take a little longer. Feel free to use the one attached with my alterations or fill out the attached blank application. • All I need is a damage deposit check of$10,000 which will be returned to you upon the completion of the project. • I need an Irrigation Re-Routing Letter from Vision Landscapes. I have already made that request. Robert from Vision should have already spoken with you or will be contacting you soon. • I will need a picture of the current area where the outdoor kitchen will be installed. • A wide picture of the backyard where the lanai will be extended to. • I will need a picture of the current screen cage. • If you have a manufactures picture of the screen cage, that would also be helpful. • Please send a picture of the travertine tile and other materials you will be using. • Please clarify if there is any roofing added to cover the outdoor kitchen. Once I received these completed applications, I will submit them to the Modification Committee to review. I hope this helps. ik I to MARK , r Thank you. C _ j k4 -& I,�-1 C0� d �`'- `"�"IC_ C LLA-L.c f}s14 P. 161 1 A 2 Quarry CDD Action Items List Updated 2/4/25 BOARD ACTION ITEMS DATE RESPONSIBLE DUE DATE LAST RECEIVED PARTY CONTACT 1 Develop contract amdendment with Collier Environmental Services for a price 12/9/2024 Attorney 2/17/2025 2/3/2025 increase as approved by the Board for lake management services. 2 Send letter to Quality Enterprises after receiving documentation from CPH regarding 5/13/2024 Attorney TBD 1/13/2025 blocked structures. 3 Work on the easement request for property access 10/9/2023 Attorney TBD 1/30/2025 4 Develop final closure letter for Glase Golf Phase I&Phase II projects 9/9/2024 Attorney TBD 1/13/2025 Have the Goals&Objectives document posted to the website as required by 5 12/1/2025 7/15/2024 District Manager 12/1/2025 1/13/2025 6 Work with outside counsel on possible FEMA extension for further District 10/9/2023 District Manager TBD 1/31/2025 reimbursement 7 Obtain proposals for gate install for the north east corner of the preserve fence and 5/13/2024 District Manager 1/31/2025 1/9/2025 any necessary repairs. 8 9/18/2023 District Manager 2/10/2025 1/13/2025 Update variance application form 9 Have Alligator Flag&Cuban Bullrush treated on lakes 62,64,56,55,45,&54.Bull 12/12/2024& District Manager 2/18/2025 2/4/2025 rush&Aligator Flag in all lakes as of 1/13/25. 1/13/25 10 Update Board every two weeks on action items. 3/11/2024 District Manager 2/24/2025 2/4/2025 11 Print hard copy of the variance agreement list for Mr.Britt 12/9/2024 District Manager 2/10/2025 2/4/2025 12 Find alternate district manager to attend the March 10,2025 meeting 1/13/2025 District Manager 2/10/2025 1/17/2025 13 Reveiwe 9385 Copper Canyon Court 1/13/2025 Engineer 2/10/215 1/31/2025 14 Review 9160 Flint Court 1/13/2025 Engineer 2/10/2025 1/31/2025 15 Review and provide comment on the 9160 Flit Court Drainage inqury from the QCA 11/11/2024 Engineer 12/9/2024 12/2/2024 16 Investigate structures before and after work is completed,provide a list of locations 10/9/2023 Engineer 2/10/2025 2/3/2025 for the QCA where work is going to be performed,and list work completed by MRI from Estimate 4324 on the District's maps for future reference.Provide PDF map to Janice Swade once updated for upload to the Supervisor's website. 17 Have the Quality Enterprises,USA Phase II&Phase III Warranty Inspection repairs 2022 Engineer TBD 12/2/2024 completed 18 Complete Phases 1-3 of Work Authorization#6 Shoreline Restoration Design 2024 3/11/2024 Engineer TBD 1/10/2025 and publish the RFP after incorporating Supervisor Comments 19 Schedule a Finance Staff Representative to be present at the 2/10/25 meeting and 5/13/2024 Finance 2/10/2025 7/17/2024 at the 8/11/25 meeting. 20 Ensure yearly audit is submitted by 6/30 10/1/2023 Finance 6/30/2025 8/24/2024 21 11/13/2023 Recording 12/9/2024 1/8/2025 Send out bank rate sheet to the Board on a monthly basis 22 Appoint Supervisors to seat 5 as no one qualified for this seat.Advertise vacancy. 7/15/2024 Recording TBD TBD 23 Complete Ethics Training Requirement 1/13/2025 Supervisors 12/31/2025 1/13/2025 24 File Form 1 2/4/2025 Supervisors 7/1/2025 2/4/2025 LAKE BANK RESTORATION ACTION ITEMS 1 Follow up with Glase Golf on Pay Apps including NAVD overages on Phase I& 10/9/2023 Engineer TBD 12/2/2024 Phase II projects,and inquire aobut restocking fees for items not used 2 Follow up with Glase Golf on floating pipe issues 2/12/2024 Engineer Dry Season 11/11/2024 3 Secure and reattach Lake 57 section of pipe as reported by Mr.Patrick on 3/30/24 3/30/2024 Glase Golf TBA 11/11/2024 QCA/HOME OWNER REQUESTS 1 Have pool overflow extension removed from 9171 Shale Court 7/15/2024 QCA 1/13/2024 12/2/2024 2 Have homeowner correct drainage install at 8986 Quarry Drive 10/14/2024 QCA 12/1/2024 12/2/2024 3 9075 Graphite Circle Variance 12/9/2025 QCA TBD 2/4/2025 4 9262 Marble Stone Drive Variance 1/13/2025 QCA TBD 2/4/2025 161 1A2 Quarry Community Development District Financial Report October 1, 2024-December 31, 2024 6INFRAMARK INFRASTRUCTURE MANAG=_MENT SERVICES 16 I 1 A QUARRY Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet-All Funds Page 1 Statement of Revenues, Expenditures and Changes in Fund Balance General Fund Pages 2-3 204-Series 2020 Debt Service Fund Page 4 304-Series 2020 Capital Projects Fund Page 5 Trend Report-General Fund Pages 6-7 Notes to the Financial Statements Page 8 SUPPORTING SCHEDULES Special Assessments-Collection Schedule(s) Page 9 Cash and Investment Report Page 10 Bank Reconciliation Page 11 Series 2020(FEMA Project) Pages 12- 14 Cash Flow Analysis-General Fund Page 15 Payment Register by Bank Account Pages 16- 17 161 1A2 Quarry Community Development District Financial Statements (Unaudited) October 1, 2024 - December 31, 2024 QUARRY 1 6 1 1 H 2 Community Development District Governmental Funds Balance Sheet December 31, 2024 204-SERIES 2020 304-SERIES 2020 DEBT SERVICE CAPITAL ACCOUNT DESCRIPTION GENERAL FUND FUND PROJECTS FUND TOTAL ASSETS Cash-Checking Account $ 2,584,982 $ - $ - $ 2,584,982 Cash with Fiscal Agent - 1,247,479 - 1,247,479 Due From Other Funds - 1,247,479 - 1,247,479 Investments: Money Market Account 989,481 - - 989,481 Construction Fund - - 1,852,607 1,852,607 Revenue Fund - 519,547 - 519,547 TOTAL ASSETS $ 3,574,463 $ 3,014,505 $ 1,852,607 $ 8,441,575 LIABILITIES Accounts Payable $ 5,825 $ 1,247,479 $ - $ 1,253,304 Accrued Expenses 88,725 - - 88,725 Contracts Payable - - 337,404 337,404 Retainage Payable - - 40,353 40,353 Due To Other Funds 1,247,479 - - 1,247,479 TOTAL LIABILITIES 1,342,029 1,247,479 377,757 2,967,265 FUND BALANCES Restricted for: Debt Service - 1,767,026 - 1,767,026 Capital Projects - - 1,474,850 1,474,850 Assigned to: Operating Reserves 175,439 - - 175,439 Reserves-Other 200,000 - - 200,000 Unassigned: 1,856,995 - - 1,856,995 TOTAL FUND BALANCES $ 2,232,434 $ 1,767,026 $ 1,474,850 $ 5,474,310 TOTAL LIABILITIES&FUND BALANCES $ 3,574,463 $ 3,014,505 $ 1,852,607 $ 8,441,575 Page 1 QUARRY 1 1 2 Community Development District General F Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending December 31, 2024 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF DEC-24 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL REVENUES Interest-Investments $ 4,000 $ 26,727 668.18% $ 12,646 Golf Course Revenue 114,945 28,736 25.00% - Special Assmnts-Tax Collector 814,044 721,841 88.67% 529,329 Special Assmnts-Discounts (32,562) (27,079) 83.16% (21,003) Other Miscellaneous Revenues - 1,000 0.00% 1,000 TOTAL REVENUES 900,427 751,225 83.43% 521,972 EXPENDITURES Administration P/R-Board of Supervisors 12,000 2,800 23.33% 800 FICA Taxes 918 214 23.31% 61 ProfServ-Arbitrage Rebate 600 - 0.00% - ProfServ-Engineering 45,000 1,080 2.40% - ProfServ-Legal Services 21,000 - 0.00% - ProfServ-Legal Litigation 25,000 1,063 4.25% 438 ProfServ-Mgmt Consulting 64,154 16,039 25.00% 5,346 ProfServ-Property Appraiser 34,294 7,526 21.95% - ProfServ-Trustee Fees 4,041 - 0.00% - Auditing Services 5,500 - 0.00% - Website Compliance 1,553 388 24.98% - Postage and Freight 600 202 33.67% 200 Insurance-General Liability 7,644 7,227 94.54% - Printing and Binding 500 - 0.00% - Legal Advertising 4,000 - 0.00% - Miscellaneous Services 1,998 97 4.85% - Misc-Bank Charges 500 - 0.00% - Misc-Special Projects 18,279 - 0.00% - Misc-Assessment Collection Cost 16,281 13,895 85.34% 10,167 Payroll Services - 26 0.00% 13 Misc-Contingency 1,000 - 0.00% - Office Supplies 250 - 0.00% - Annual District Filing Fee 175 175 100.00% - Total Administration 265,287 50,732 19.12% 17,025 Field ProfServ-Field Management 5,464 1,366 25.00% 455 Contracts-Preserve Maintenance 103,830 25,958 25.00% - Contracts-Lake Maintenance 65,004 16,251 25.00% 5,417 Page 2 QUARRY 1 6 j i A 2 Community Development District General Fun Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending December 31, 2024 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF DEC-24 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL R&M-General 70,000 4,175 5.96% - R&M-Fence 2,500 - 0.00% - R&M-Lake 184,672 - 0.00% - R&M-Weed Harvesting 75,000 15,660 20.88% - Miscellaneous Maintenance 3,670 - 0.00% - Capital Projects 75,000 12,670 16.89% - Total Field 585,140 76,080 13.00% 5,872 Reserves Reserve-Other 50,000 - 0.00% - Total Reserves 50,000 - 0.00% - TOTAL EXPENDITURES&RESERVES 900,427 126,812 14.08% 22,897 Excess(deficiency)of revenues Over(under)expenditures - 624,413 0.00% 499,075 Net change in fund balance $ - $ 624,413 0.00% $ 499,075 FUND BALANCE,BEGINNING(OCT 1,2024) 1,608,021 1,608,021 FUND BALANCE, ENDING $ 1,608,021 $ 2,232,434 Page 3 16 QUARRY 204-Series 2020 Debt Service Fun 1 1 * 2 Community Development District Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending December 31, 2024 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF DEC-24 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL REVENUES Interest-Investments $ - $ 7,112 0.00% $ 1,932 Special Assmnts-Tax Collector 1,472,226 1,305,470 88.67% 957,308 Special Assmnts-Discounts (58,889) (48,974) 83.16% (37,984) TOTAL REVENUES 1,413,337 1,263,608 89.41% 921,256 EXPENDITURES Administration Misc-Assessment Collection Cost 29,445 25,130 85.35% 18,386 Total Administration 29,445 25,130 85.35% 18,386 Debt Service Principal Debt Retirement 1,128,000 - 0.00% - Interest Expense 242,772 121,386 50.00% - Total Debt Service 1,370,772 121,386 8.86% - TOTAL EXPENDITURES 1,400,217 146,516 10.46% 18,386 Excess(deficiency)of revenues Over(under)expenditures 13,120 1,117,092 n/a 902,870 OTHER FINANCING SOURCES(USES) Contribution to(Use of)Fund Balance 13,120 - 0.00% - TOTAL FINANCING SOURCES(USES) 13,120 - 0.00% - Net change in fund balance $ 13,120 $ 1,117,092 n/a $ 902,870 FUND BALANCE,BEGINNING(OCT 1,2024) 649,934 649,934 FUND BALANCE,ENDING $ 663,054 $ 1,767,026 Page 4 QUARRY t Community Development District 304-Series 2020 Capital Pro ec s'un� Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending December 31, 2024 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A%OF DEC-24 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL REVENUES Interest-Investments $ - $ 21,875 0.00% $ 6,890 TOTAL REVENUES - 21,875 0.00% 6,890 EXPENDITURES TOTAL EXPENDITURES - 3,100 0.00% (3,100) Excess(deficiency)of revenues Over(under)expenditures - 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LL 16 t 1 A 2 QUARRY Community Development District Statement of Revenue and Expenditures-All Funds Notes to the Financial Statements 10/1/2024.12/31/2024 General Fund Variance Analysis Budget target: 25% Annual YTD %of Account Name Budget Actual Budget Explanation Expenditures Administration ProfServ-Property Appraiser $34,294 $7,526 22% Collier County PA to-date Insurance-General Liability $7,644 $7,227 95% EGIS Insurance FY 2025 paid in full Page 8 161 1A2 Quarry Community Development District Supporting Schedules October 1, 2024 - December 31, 2024 QUARRY 1 A 2 Community Development District All Funds Non-Ad Valorem Special Assessments - Collier County Tax Collector (Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2025 ALLOCATION BY FUND Discount/ Gross Series 2020 Date Net Amount (Penalties) Collection Amount General Debt Service Received Received Amount Cost Received Fund Fund Assessments Levied $ 2,286,271 $ 814,046 $ 1,472,226 Allocation % 100.00% 35.61% 64.39% Real Estate-Installment 10/31/24 $ 7,913 $ 413 $ 161 $ 8,487 $ 3,022 $ 5,465 11/14/24 613 - 13 626 223 403 12/12/24 491 15 10 516 184 332 12/24/24 1,742 55 36 1,833 653 1,180 Real Estate-Current 11/08/24 16,228 890 331 17,449 6,213 11,236 11/14/24 211,142 3,977 4,309 219,428 78,129 141,299 11/21/24 277,238 11,787 5,658 294,683 104,924 189,759 12/05/24 1,140,473 48,489 23,275 1,212,238 431,627 780,610 12/09/24 58,904 2,504 1,202 62,611 22,293 40,318 12/12/24 157,001 6,600 3,204 166,806 59,393 107,413 12/24/24 40,486 1,322 826 42,635 15,180 27,454 TOTAL $ 1,912,232 $ 76,053 $ 39,025 $ 2,027,311 $ 721,841 $ 1,305,470 %COLLECTED 88.67% 88.67% 88.67% TOTAL OUTSTANDING $ 258,960 $ 92,205 $ 166,755 Page 9 QUARRY 16 ' 1 A Community Development District Cash & Investment Report October 1, 2024- December 31, 2024 ACCOUNT NAME BANK NAME YIELD BALANCE OPERATING FUND Government Interest Checking Valley National Bank 4.61% $ 2,584,982 Public Funds MMA Variance Account BankUnited 4.39% 989,481 Subtotal 3,574,462 DEBT SERVICE AND CAPITAL PROJECT FUNDS Series 2020 Revenue Fund U.S. Bank 4.25% 519,547 Series 2020 Construction Fund U.S. Bank 4.25% 1,852,607 Total $ 5,946,616 Page 10 1A2 Bank Account Statement Sunday,February 2,2025 Page 1 Quarry CDD SINGUANZO2 Bank Account No. 7852 Statement No. 12-24 Statement Date 12/31/2024 G/L Account No.101002 Balance 2,584,981.71 Statement Balance 2,657,019.93 Outstanding Deposits 0.00 Positive Adjustments 0.00 Subtotal 2,657,019.93 Subtotal 2,584,981.71 Outstanding Checks -72,038.22 Negative Adjustments 0.00 Ending Balance 2,584,981.71 Ending G/L Balance 2,584,981.71 Document Document Cleared Posting Date Type No. Vendor Description Amount Amount Difference Outstanding Checks INNERSYNC 11/08/2024 Payment 100007 STUDIO,LTD Inv:INV-SN-398 -388.13 (SCHOOLNOW) COPELAND 12/20/2024 Payment 100011 SOUTHERN Inv:497 -4,175.00 ENTERPRISES,INC. PENINSULA Inv:CESI-021067,Inv:CESI- 12/20/2024 Payment 100012 IMPROVEMENT 021111,Inv:CESI-021109 -36,674.50 CORP. 12/20/2024 Payment 100014 DISASTER LAW& Inv:110424,Inv:120324 -1,062.50 CONSULTING,LLC 12/26/2024 Payment 100016 COLLIER COUNTY Inv:120924-TAX -180.14 TAX COLLECTOR COLLECTOR 12/26/2024 Payment 100017 GLASE GOLF INC Inv:4 -12,670.47 PENINSULA Inv:CESI-021110,Inv:CESI- 12/26/2024 Payment 100018 IMPROVEMENT 021158,Inv:CESI 021198 -15,777.00 CORP. 12/26/2024 Payment 100019 KUTAK ROCK LLP Inv:348003616823-1 -1,109.10 12/30/2024 Payment 100020 INFRAMARK LLC Inv:139887 -1.38 Total Outstanding Checks -72,038.22 Page 11 16I 1A QUARRY Community Development District Series 2020 (FEMA Project) Acquisition and Construction -General FY 9/30/2025 SOURCES OF FUNDS TOTAL 10/1/2021 State of Florida $ 3,350,061.50 10/26/2021 State of Florida 828,145.56 10/26/2021 State of Florida 46,008.09 11/17/2021 State of Florida 94,901.34 11/17/2021 State of Florida 91,213.19 12/21/2021 State of Florida 65,276.88 12/17/2021 FEMA check sent to U.S.Bank exceeded actual checks - 1/10/2022 State of Florida 18,585.00 1/10/2022 State of Florida 1,032.50 Total $ 4,495,224.06 LESS: 11/1/2021 Debt Service-Principal Prepayment 1,351,000.00 DEPOSIT-Acquisition and Construction-General $ 3,144,224.06 OTHER SOURCES 11/1/2021 Transfer from Revenue Acct 4004 938.50 Dividends FY 2022 145.89 Dividends FY 2023 44,143.78 Dividends thru 9/30/24 109,550.78 Dividends thru 12/31/24 21,874.88 TOTAL SOURCES OF FUNDS $ 176,653.83 USE OF FUNDS: DATE VENDOR REQUISITIONS REQ# PENDING TOTAL 4/27/2022 CPH 1 4,940.00 4/27/2022 Kutak Rock LLP 2 988.00 5/24/2022 Midwest Construction Products Corp 3 475.00 5/16/2022 Midwest Construction Products Corp 4 3,000.00 5/16/2022 Midwest Construction Products Corp 5 7,900.00 5/24/2022 Kutak Rock LLP 6 1,776.45 5/24/2022 CPH 7 11,615.40 6/9/2022 Kutak Rock LLP 8 1,378.00 6/9/2022 Midwest Construction Products Corp 9 1,900.00 6/9/2022 Midwest Construction Products Corp 10 4,800.00 6/9/2022 Midwest Construction Products Corp 11 1,425.00 6/9/2022 Crosscreek Environmental LLC 12 2,997.66 8/1/2022 CPH 13 27,155.66 8/1/2022 CPH 14 1,800.00 8/1/2022 CPH 15 33,809.58 8/22/2022 Crosscreek Environmental LLC 16 4,000.13 8/22/2022 Midwest Construction Products Corp 17 6,000.00 8/22/2022 Midwest Construction Products Corp 18 1,020.00 Page 12 QUARRY 1 6 I 1 A 2 Community Development District I'� Series 2020 (FEMA Project) Acquisition and Construction-General FY 9/30/2025 SOURCES OF FUNDS TOTAL 8/22/2022 MJS Golf Services LLC 19 7,615.15 8/22/2022 MJS Golf Services LLC 20 4,157.51 8/22/2022 MJS Golf Services LLC 21 12,849.68 8/22/2022 MJS Golf Services LLC 22 6,568.09 8/22/2022 MJS Golf Services LLC 23 5,058.60 8/22/2022 MJS Golf Services LLC 24 16,849.00 8/22/2022 MJS Golf Services LLC 25 49,004.13 8/22/2022 MJS Golf Services LLC 26 4,346.44 8/26/2022 CPH 27 7,745.15 9/14/2022 MJS Golf Services LLC 28 7,887.77 9/14/2022 Glase Golf,Inc 29 319,983.78 10/20/2022 Crosscreek Environmental LLC 30 5,295.80 10/20/2022 CPH 31 6,513.38 10/20/2022 Kutak Rock LLP 32 78.00 12/2/2022 CPH 33 8,866.67 12/21/2022 CPH 34 4,500.00 1/25/2023 CPH 35 5,398.75 2/17/2023 CPH 36 1,828.75 2/17/2023 CPH 37 110.00 4/17/2023 MJS Golf Services LLC 38 17,952.64 4/17/2023 MJS Golf Services LLC 39 2,844.35 4/17/2023 MJS Golf Services LLC 40 5,715.47 4/17/2023 MJS Golf Services LLC 41 10,351.76 5/2/2023 MJS Golf Services LLC 42 4,619.04 5/2/2023 MJS Golf Services LLC 43 4,014.17 5/2/2023 CPH 44 560.60 5/2/2023 MJS Golf Services LLC 45 14,377.92 5/2/2023 MJS Golf Services LLC 46 2,876.79 5/2/2023 MJS Golf Services LLC 47 5,672.47 5/2/2023 MJS Golf Services LLC 48 14,338.68 5/3/2023 MJS Golf Services LLC 49 5,153.28 5/3/2023 Midwest Construction Products Corp 50 3,302.00 5/3/2023 Midwest Construction Products Corp 51 5,248.00 5/3/2023 Midwest Construction Products Corp 52 2,637.00 5/3/2023 CPH 53 9,283.60 5/3/2023 MJS Golf Services LLC 54 8,194.20 6/13/2023 MJS Golf Services LLC 55 14,425.44 6/13/2023 Ewing Irrigation Products,Inc 56 34,725.39 5/30/2023 MJS Golf Services LLC 57 3,993.31 5/30/2023 MJS Golf Services LLC 58 16,314.17 6/13/2023 Midwest Construction Products Corp 59 5,251.00 6/13/2023 Midwest Construction Products Corp 60 2,637.00 6/13/2023 MJS Golf Services LLC 61 2,294.58 6/13/2023 MJS Golf Services LLC 62 12,704.54 6/13/2023 MJS Golf Services LLC 63 14,018.04 6/13/2023 MJS Golf Services LLC 64 8,564.45 Page 13 QUARRY 16 I IA ? Community Development District Series 2020 (FEMA Project) Acquisition and Construction-General FY 9/30/2025 SOURCES OF FUNDS TOTAL 6/13/2023 MJS Golf Services LLC 65 11,911.32 7/26/2023 Midwest Construction Products Corp 66 950.00 7/26/2023 Midwest Construction Products Corp 67 5,447.00 7/20/2023 Midwest Construction Products Corp 68 392.00 7/20/2023 Midwest Construction Products Corp 69 870.00 7/20/2023 Midwest Construction Products Corp 70 392.00 7/20/2023 CPH 71 11,485.79 7/20/2023 MJS Golf Services LLC 72 9,372.24 7/20/2023 MJS Golf Services LLC 73 5,298.36 7/20/2023 MJS Golf Services LLC 74 18,759.39 7/20/2023 MJS Golf Services LLC 75 8,737.08 7/20/2023 Crosscreek Environmental LLC 76 15,626.44 7/26/2023 Glase Golf,Inc 77 115,089.05 7/26/2023 MJS Golf Services LLC 78 6,330.90 7/26/2023 MJS Golf Services LLC 79 3,984.81 8/14/2023 MJS Golf Services LLC 80 3,086.64 7/26/2023 MJS Golf Services LLC 81 2,040.72 7/26/2023 MJS Golf Services LLC 82 1,031.52 7/27/2023 CPH 83 16,267.89 7/27/2023 CPH 84 20,538.00 8/22/2023 Midwest Construction Products Corp 85 582.00 8/22/2023 Midwest Construction Products Corp 86 600.00 8/22/2023 Crosscreek Environmental LLC 87 6,998.12 9/13/2023 Inframark 88 2,425.00 9/13/2023 CPH 89 27,466.95 1/9/2024 MJS Golf Services LLC 90 1,082.64 1/8/2024 The Quarry Community Association 91 2,863.80 1/8/2024 Kutak Rock LLP 92 234.00 1/8/2024 CPH 93 6,136.50 1/8/2024 Midwest Construction Products Corp 94 600.00 2/16/2024 CPH 95 2,364.28 2/22/2024 CPH 96 104.60 2/22/2024 CPH 97 754.65 5/9/2024 Glase Golf,Inc 98 331,640.00 11/1/2024 Inframark 99 2,925.00 11/1/2024 Inframark 100 175.00 Total Requisitions 1,468,271.11 TOTAL CONSTRUCTION ACCOUNT BALANCE @ 12/31/24 $ 1,852,606.78 8/31/2023 Less: Contracts-Payable 371,993.38 9/30/2023 Less: Contracts-Payable 5,763.62 Capital Projects $ 1,474,849.78 Page 14 16 11A2 u, O N N LO (O CO CO N _ N V (O CO N N co M M CO CO d N N O d N N N CO 0 — O co (f) CO O CO (D N (O U) co a )C) O) (D 7) CO V CO 7 C) N < N N O) (D O) O V (O C.) to a CO O (D N N 4') O) U) — CO I"- N M 7 CO ._. 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J / 77 7 ! § § m ! ) 44 § A ) 3a ; ( ; ) 3 ; k3 E - a.ZQ ) ; / § § § § § \ § § § § \ § § § § \ § § § ( ) § § § § § ) �9 - co 1611A ?_ a E a a r a Q s a a' E o � 0 0 C7 co 0 V 4. y C 3 N o U f U Q Z O ` 0:1C N Ilk U E Ore Q ▪ o U a 0 -00�1 O a >1 y t C a « N o 7 E O • u_ E a O V z co U pp Z a� 0 R C N Naples Heritage Community Development District 16 1 I A 3 Inframark, Community Management Services 11555 Heron Bay Boulevard, Suite 201, Coral Springs, Florida 33076 Telephone (954) 603-0033 DATE: May 21, 2025 TO: Marty Rustin Collier Clerk's Office minutesandrecords@collierclerk.com FROM: Janice Swade Lead District Administrative Assistant RE: Minutes of the March 4, 2025 Meeting as Approved at the April 1, 2025 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 gurbancic@cyklawfirm.com Gm@nhgcc.com 16 I I A 1 MINUTES OF MEETING 2 NAPLES HERITAGE 3 COMMUNITY DEVELOPMENT DISTRICT 4 5 6 The regular meeting of the Board of Supervisors of the Naples Heritage Community 7 Development District was held Tuesday,April 1, 2025 at 9:00 a.m. at the Naples Heritage Golf& 8 Country Club Clubhouse, located at 8150 Heritage Club Way,Naples, Florida 34112. 9 10 11 Present and constituting a quorum were: 12 13 Kenneth Gaynor Chairperson 14 Gordon Mettam Vice Chairperson (Remotely) 15 Gary Lukens Assistant Secretary 16 Philip Smith Assistant Secretary 17 18 Also present were: 19 20 Justin Faircloth District Manager 21 Tim Richards Naples Heritage Golf& Country Club 22 Various Residents 23 24 25 Following is a summary of the discussions and actions taken. 26 27 28 FIRST ORDER OF BUSINESS Call to Order and Roll Call 29 Mr. Faircloth called the meeting to order, and called the roll.A quorum was established. 30 31 On MOTION by Mr. Lukens, seconded by Mr. Smith, with all in 32 favor, Mr. Mettam was authorized to attend the meeting and vote 33 remotely. (3-0) 34 35 36 SECOND ORDER OF BUSINESS Approval of Agenda 37 The Board was in agreement to approve the agenda, as presented. 38 39 THIRD ORDER OF BUSINESS Public Comment om Agenda Items 40 There being no comments from the public, the next order of business followed. 41 16l 1A3 April 1, 2025 Meeting Naples Heritage CDD 42 FOURTH ORDER OF BUSINESS Business Items 43 A. Club Updates 44 i. Colonial Court Fence Installation 45 • Mr. Gaynor noted the work was being completed, and the fence company was 46 repairing another 20'of fencing that was damaged during the exotic tree removal at 47 no charge due to the installation delays. 48 B. Fiscal Year 2025 Lake Bank Restoration Update 49 • Mr. Gaynor noted the lake bank work is scheduled to begin next week. 50 C. Roadway Striping Discussion 51 • The Board discussed the request to install striping along the District's roadways and 52 declined to proceed with such a request at the present time. 53 54 FIFTH ORDER OF BUSINESS Staff Reports 55 A. District Attorney 56 i. Collier County Update—Stoneybrook Drive/Tract J4 Inquiry 57 • Mr. Faircloth noted that no new developments were received, but staff continue to 58 follow up on this item. 59 B. District Engineer 60 i. District Engineering Services RFQ Responses 61 • Mr. Faircloth informed the Board no responses were received for the second RFQ 62 for District Engineering Services. Staff will follow up with Bowman on possible 63 staffing options and, if necessary, advertise an additional RFQ as directed by 64 Counsel. 65 C. District Manager 66 i. Follow-Up Items 67 Mr. Faircloth reviewed open action items with the Board. 68 • Mr. Gaynor commented that discussions were being had with GL Homes regarding 69 connecting to their new development for power needs,and also that GL Homes had 70 noted some of the District's boundary fencing on the western border is down and 71 should be repaired. 72 ii. Consideration of FY 2026 Meeting Schedule 73 74 75 On MOTION by Mr. Smith, seconded by Mr. Lukens, with all in 76 favor, the Fiscal Year 2026 Meeting Schedule was approved, as 77 presented. (4-0) 78 2 161 1 A 3 April 1, 2025 Meeting Naples Heritage CDD 79 D. SOLitude Lake Management Service Reports 80 • Mr. Faircloth noted there were issues with the aeration systems in the lakes, but all 81 issues had been repaired, and that Mr. Montgomery had confirmed all systems were 82 working. Mr. Gaynor noted that the fountain in Lake 14 was also operational again, 83 and Mr. Faircloth confirmed that the fountain had been repaired under warranty. 84 85 SIXTH ORDER OF BUSINESS Business Administration 86 A. Approval of Minutes of the March 4,2025 Meeting 87 Mr. Faircloth presented the Minutes of the March 4, 2025 Meeting, and requested any 88 additions, corrections or deletions. 89 There being none, 90 91 On MOTION by Mr. Mettam, seconded by Mr. Smith, with all in 92 favor,the Minutes of the March 4, 2025 Meeting were approved, as 93 presented. (4-0) I 94 95 B. Acceptance of Financial Report as of February 28,2025 96 There being no comments or questions, 97 98 On MOTION by Mr. Smith, seconded by Mr. Mettam, with all in 99 favor, the Financial Report as of February 28, 2025 was accepted. 100 (4-0) 101 102 C. Acceptance of Fiscal Year 2024 Audit 103 • Mr. Gaynor noted the Fiscal Year 2024 Audit was a clean audit with no findings. 104 105 On MOTION by Mr. Mettam, seconded by Mr. Lukens, with all in 106 favor, the Fiscal Year 2024 Audit was accepted. (4-0) 107 108 D. Fiscal Year 2026 Budget Discussion 109 • Mr. Gaynor requested budget headings be added on each page, so no one will have 110 to follow the column headings from prior pages. 111 • No other changes to the Fiscal Year 2026 Budget were requested. 112 E. Expenses Approved Under Resolution 2021-01 113 There being no expenses presented, the next order of business followed. 114 115 3 161 I A 3 April 1,2025 Meeting Naples Heritage CDD 116 SEVENTH ORDER OF BUSINESS Supervisor Comments 117 A. Supervisor Gaynor 118 B. Supervisor Mettam 119 There being no comments from Supervisors Gaynor and Mettam,the next item followed. 120 C. Supervisor Schulte 121 • Supervisor Schulte was not present. 122 D. Supervisor Lukens 123 • Supervisor Lukens commented on the request to add striping to the roadways, 124 noting he personally wished there was something that could be done, but 125 understood the limitations to do so. 126 E. Supervisor Smith 127 There being no comments from Supervisor Smith,the next order of business followed. 128 129 EIGHTH ORDER OF BUSINESS Audience Comments 130 • Mr. Gaynor thanked the residents for attending the meeting and provided the 131 website address for the District's website if they wished to see more information 132 regarding the District. 133 • Residents thanked the Board for considering their striping request. 134 135 NINTH ORDER OF BUSINESS Adjournment 136 There being no further business,the meeting was adjourned at 9:33 a.m. 137 138 139 140 141 142 143 Kenneth Gaynor 144 Chairperson 4 Naples Heritage Community Development District 16 I 1 A 3 Board of Supervisors District Staff Kenneth Gaynor, Chairperson Justin Faircloth, District Manager Gordon Mettam, Vice Chairperson Gregory Urbancic, District Counsel Gary Lukens, Assistant Secretary Terry Cole, District Engineer Georgiann Schulte,Assistant Secretary Philip Smith,Assistant Secretary Meeting Agenda Tuesday, April 1,2025—9:00 a.m. 1. Call to Order and Roll Call 2. Approval of Agenda 3. Public Comment on Agenda Items 4. Business Items A. Club Updates i. Colonial Court Fence Installation B. Fiscal Year 2025 Lake Bank Restoration Update C. Roadway Striping Discussion 5. Staff Reports A. District Attorney i. Collier County Update—Stoneybrook Drive/Tract J4 Inquiry B. District Engineer i. District Engineering Services RFQ Responses C. District Manager i. Follow-Up Items ii. Consideration of FY2026 Meeting Schedule D. SOLitude Lake Management Service Reports 6. Business Administration A. Approval of Minutes of the March 4, 2025 Meeting B. Acceptance of Financial Report as of February 28, 2025 C. Acceptance of Fiscal Year 2024 Audit D. Fiscal Year 2026 Budget Discussion E. Expenses Approved Under Resolution 2021-01 7. Supervisor Comments A. Supervisor Gaynor B. Supervisor Mettam C. Supervisor Schulte D. Supervisor Lukens E. Supervisor Smith 8. Audience Comments 9. Adjournment The next Meeting& Budget Public Hearing is scheduled for Tuesday, May 6,2025 at 9:00 a.m. District Office: Meeting Location: Inframark,Community Management Services Naples Heritage Golf&Country Club Clubhouse 11555 Heron Bay Boulevard,Suite 201 8150 Heritage Club Way Coral Springs,Florida 33076 Naples,Florida 34112 954-282-0070 239-417-2555 www.naplesheritagecdd.com 161 1A3 * LocaliQ Florida PO Box 631244 Cincinnati,OH 45263-1244 GANNETT Notice of Updated Regular Meeting AFFIDAVIT OF PUBLICATION Schedule Naples Heritage Community Development District The Board of Supervisors of the Naples Heritage Community Naples Heritage Community Devel- opment District will hold their meet- ings for Fiscal Year 2024/2025 at the Naples Heritage Cdd Cntry i bes Cl bhouse,81150Heritage f Heritage and uClub 210 N University DR#702 Way,Naples,Florida at 9:00 a.m,as follows: Coral Springs FL 33071-7320 November 5,2024 January 7,2025 March 4,2025(FY 2026 Budget Approval) April STATE OF WISCONSIN,COUNTY OF BROWN May 6,2025(FY Budget Adoption) The meetings are open to the public and will be conducted in accordance Before the undersigned authority personally appeared,who with the provision of Florida Law for Community Development on oath says that he or she is the Legal Advertising Districts. There may be occasions when one or more Supervisors may Representative of the Naples Daily News, a newspaper participate via phone. Any inter- ested person can attend the meeting published in Collier County, Florida;that the attached copy aInforme dbofethe discusa n d s f king of advertisement, beingLegal Ad in the matter of Public place.Meetings may be continued to aa date,time and location to be speci- Notices,was published on the publicly accessible website of tied on the record without additional publication of notice. Collier and Lee Counties, Florida,or in a newspaper by print A copy of the agenda for these meet- ings may be obtained from the in the issues of, on: District Manager's Office,210 North University Drive, Suite 702, Coral Springs, Florida 33071, (954) 603- 0033, or by visiting the District's 10/12/2024 website at www.naplesheritagecdd.com. Addi- tionally, Interested parties may refer to the District's website for the Affiant further says that the website or newspaper com lies latest District information. yp Pursuant to the provisions of the with all legal requirements for publication in chapter 50, person Americans irinDisabilitiesspecial e Aot,any person requiring special accommo- dations at these meetings because of Florida Statutes. a disability or physical Impairment should contact the District Subscribed and sworn to before me, by the legal clerk,who Manager's Office at least forty-eight (48) hours prior to the meeting. If is personally known to me,on 10/12/2024 you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-I-1,or 1-800-955- 8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District ` — Manager's Office. I eg;1l 'Clk Each person who decides to appeal any actiontd takent these meetingsea �i dised that personeedi will need t j� record of the proceedings and that accordingly,the person may need to Notary.S ate o' 'aunty OW11 ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which 5 l,5.a-7 such appeal is to be based. Justin Faircloth District Manager r 10/12/24 410667100 My commission expires Publication Cost: $276.40 Tax Amount: $0.00 Payment Cost: $276.40 Order No: 10667100 #of Copies: Customer No: 1125653 1 PO#: THIS IS NOT AN INVOICE! Please do nal use this form for payment remittance. NANCY HEYRMA Notary Public State of Wisconsin Page 1 of 1 LocaliQ 16 I A 3 Florida PO Box 631244 Cincinnati,OH 45263-1244 GANNETT Request for Qualifications for Engineering Services AFFIDAVIT OF PUBLICATION Naples Heritage Comtunity Development District NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT ("District"),located in Collier County,Florida onnOUncea!hot professional engineering services will be required an a continuing basis for the District's Janice Swade stormwoter systems and other public Improvements authorized by Chapter 190.Florida Statutes. The engineering firm selected will act in the general c/o Intramark capacity of District Engineer and will provide District engineering services, as required.Services include engineering,surveying,planning,environmen- Naples Heritage C'dd tat management: or permitting, financial or economic feasibility studies, stormwater management and other Infrastructure and civil type protects far 210 N iniversit DR#702 the District and such services may include,without limitation,the following: y •Community infrastructure provided by the District as authorized in Chap- Coral Springs rs Ft,33071-7320 Ier190,Florida Statutes. P b Affiliated protects including engineering contract management and inspec- tion services during construction. •Preparation of any necessary reports and,attendance at meetings of the District's Board of Supervisors and committee meetings as needed. •Assistance In meeting with necessary parties Involving various protects STATE OF WISCONSIN,COUNTY OF BROWN including, but not limited to bond Issues, special reports, Plans review, permit review,feasibility studies,or other tasks. •Assist in waterway management,including lakes,wetlands and preserves. •Assist in annual Capital Improvement Planning. •Interaction on behalf of the District with other governmental agencies and Before the undersigned authority personally appeared,who entitles,Including,but not Limited to,the South Florida Water Management District,the City of Naples.and Collier Comity. on oath says that he or she is the Legal Advertising .NPDES Reports and compliance. y •Prepare Bid Specifications and documents as requested. Any firm or individual ("Applicant") desiring to provide professional Representative of the Naples Daily News, a newspaper services to the District mush 1) told applicable federal, state and local licenses; 2) be authorized to do business in Florida in accordance with published in Collier County,Florida; that the attached copy Florida law;and 31 furnlsts a statement("Qualification Statement")of its qualifications and past experience on U.S.General Service Administration's of advertisement being a Legal Ad in the matter of Govt "Architect.Engineer Qualification.Standard Form No.330,"with pertinent supporting data.Among other things.Applicants must submit information relating to: a) the ability and adequacy of the Applicant's professional Public Notices,was published on the publicly accessible personnel; h)whether the Applicant is a certified minority business enter- prise;cl the Applicant's willingness to meet lime and budget requirements; di the Applicant's past experience and performance, including but not website of Collier and Lee Counties, Florida,or in a limited to past experience as a District Engineer for any community devel. opment districts and past experience In Collier County, Florida; e) the newspaper by print in the issues of, on: geographic location of the Applicant's headquarters and offices; n me current and prolected workloads of the Applicant; and g) the volume of work previously awarded to the Applicant by the District. Further, each Applicant must identify the specific individual affiliated with the Applicant 01/27/2025 who would be handling District meetings,construction services,and other engineering tasks. The District will review all Applicants and will comply with Florida law, including the Consultant's Competitive Negotiations Act, Chapter 287, Florida Statutes("CCNA"). All Applicants Interested must submit electronic copies of Standard Form Affiant further says that the website or newspaper complies No.330 and the Qualification Statement by 3:00 p.m.,on Thursday,February 13, 2025 by email to Janice Swode. District Manager's Assistant, at with all legal requirements for publication in chapter 50, rn Jonice.5wodeOlnfromark.co ("District Manager's Office"). The Board shall select and rank the Applicants using the requirements set forth in the CCNA and the evaluation criteria on Hie with the District Florida Statutes. Manger,and the highest ranked Applicant will be requested to enter into contract negotiations It an agreement cannot be reached between the Subscribed and sworn to before me, by the legal clerk,who District and the highest ranked Applicant,negotiations will cease and begin with the next highest ranked Applicant,and if these negotiations are unsuc- cessful,will continue to the third highest ranked Applicant. is personally known to me,on 01/27/2025 The District reserves the right to reiect any and au Qualification State. ments.Additionally,there is no express or Implied obligation for the District to reimburse Applicants for any expenses associated with the preparation and submittal of the Qualification Statements in response to this request. �._ Any protest regarding the terms of this Notice,or the evaluation criteria on file with the District Manager, must be filed In writing with the District Le Yee-rk Manager's Office,within seventy-two(72)hours(excluding weekends)alter ga the publication of this Notice.The formal protest setting forth with portico. larity the facts and law upon which the protest is based shall be filed within seven(7)calendar days after the Initial notice of protest was filed,Failure � to timely file a notice of protest or failure to timely file a formal written Notary,1CatC ofO Illy O own respect shall constitute a waiver of any right to oblect or protest with respect to aforesaid Notice or evaluation criteria provisions.Any person who files a notice of protest shall provide to the District,simultaneous with the filing of the notice,a protest band with a responsible surely to be approved / '� ^�'7 by theDistrict cl and in the amount or Ten Thousand Dollars(f10,000.00). 5 / Just IFolrn olh District Manger No.10973334 January 27,2025 My commission expires Publication Cost: $629.20 Tax Amount: $0.00 Payment Cost: $629.20 Order No: 10973334 #of Copies: Customer No: 1125653 1 PO#: Engineering Services THIS IS NOT AN INVOICE! Please do not use this form for payment remittance. NANCY HEYRMAN Notery PublJc State of Wisconsin Page 1 of 1 16 1 1 A From: bobbieve5@gmeil,_cem Date: March 20,2025 at 11:06:18 AM EDT To:naple_sken( cs.com Cc: Bobbi Eve<bobbieveaEgmail.con >,Gary Eve<>eve2020Pgmail.com> Subject:CDD Suggestion:Paint yellow line down center of Naples Heritage Blvd. Hello Ken, As I mentioned in the Board of Trustees meeting this morning, I would like to ask the CDD to approve painting a prominent yellow line down the center of Naples Heritage Blvd. I have noticed that Cedar Hammock has done this on their main boulevard. I have also noticed that there are some Naples Heritage members who regularly drive down the middle of Naples Heritage Blvd. have heard other NH members discuss this issue. I believe that this yellow center line will be a simple and inexpensive way to help prevent an accident by reminding people to stay in their lane. Thank you. Bobbi Eve P5,„@-ginfails m 847.609.5530 161 I A 3 Notice of Regular Meeting Schedule Naples Heritage Community Development District The Board of Supervisors of the Naples Heritage Community Development District will hold their meetings for Fiscal Year 2025/2026 at the Naples Heritage Golf and Country Club Clubhouse, 8150 Heritage Club Way,Naples, Florida at 9:00 a.m. as follows: November 4,2025 January 6,2026 March 3,2026 (FY 2027 Budget Approval) April 7,2026 May 5,2026 (FY 2027 Budget Adoption) The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. There may be occasions when one or more Supervisors may participate via phone. Any interested person can attend the meeting at the above location and be fully informed of the discussions taking place. Meetings may be continued to a date, time and location to be specified on the record at the meetings without additional publication of notice. A copy of the agenda for these meetings may be obtained from the District Manager's Office at Janice.Swade@Inframark.com, or by visiting the District's website at www.naplesheritagecdd.com. Additionally, interested parties may refer to the District's website for the latest District information. Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations at these meetings because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955- 8771 (TTY)/ 1-800-955-8770 (Voice), for aid in contacting the District Manager's Office. Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. Justin Faircloth District Manager Service Report 16 I I A 3 SQLITUDE LAKE MANAGEMENT Account Naples Heritage CDD-F&A Work Order 00786140 Contact Justin Faircloth Work Order 00786140 Address 8150 Heritage Club Way Number Naples,FL 34112 United States Created Date 3/4/2025 Work Details Specialist Warranty motor replaced on Lake 1 panel Prepared By Angel Serrano Comments to checked and time set everything up and running Customer upon departure Work Order Assets Asset Status Product Work Type Kasco 5HP Fountain#1 Lake#14 Included Service Parameters Asset Product Work Type Specialist Comments to Customer Kasco 5HP Fountain#1 Lake#14 Service Report 1 t ' t 3 SQLITUDE LAKE MANAGEMENT Account Naples Heritage CDD-F&A Work Order 00790452 Contact Justin Faircloth Work Order 00790452 Address 8410 Naples Heritage Drive Number Naples,FL 34112 United States Created Date 3/20/2025 Work Details Specialist Lake#4 changed capacitor on compresser Prepared By Angel Serrano Comments to everything up and running upon departure Customer Work Order Assets Asset Status Product Work Type Naples Herit VTX Aerator 4 Site#4 Included Service Parameters Asset Product Work Type Specialist Comments to Customer Naples Herit VTX Aerator 4 Site#4 # 6I1A3 NAPLES HERITAGE Community Development District Financial Report February 28,2025 Prepared by 6INFRAMARK INFRASTRUCTURE MANAGEMENT SERVICES I6f 143 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 16 11A3 NAPLES HERITAGE Community Development District Supporting Schedules February 28, 2025 1 6 I 1 A 3 NAPLES HERITAGE Community Development District General Fund Balance Sheet February 28, 2025 ACCOUNT DESCRIPTION TOTAL ASSETS Cash-Checking Account $ 194,205 Due From Other Gov'tl Units 35 Investments Money Market Account 47,471 Deposits 560 TOTAL ASSETS $ 242,271 LIABILITIES Accounts Payable $ 8,224 Accrued Expenses 500 TOTAL LIABILITIES 8,724 FUND BALANCES Nonspendable: Deposits 560 Assigned to: Operating Reserves 18,457 Reserves-Fountains 1,400 Reserves-Road and Lakes 46,760 Unassigned: 166,370 TOTAL FUND BALANCES $ 233,547 TOTAL LIABILITIES&FUND BALANCES $ 242,271 Page 1 t6 I 1A3 NAPLES HERITAGE Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending February 28, 2025 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF FEB-25 FEB-25 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL REVENUES Interest-Investments $ 240 $ 100 $ 3,437 $ 3,337 1432.08% $ 20 $ 773 Interest-Tax Collector - - 148 148 0.00% - - Special Assmnts-Tax Collector 199,750 189,352 186,984 (2,368) 93.61% 9,081 7,816 Special Assmnts-Discounts (7,990) (7,910) (7,209) 701 90.23% (588) (177) TOTAL REVENUES 192,000 181,542 183,360 1,818 95.50% 8,513 8,412 EXPENDITURES Administration P/R-Board of Supervisors 5,000 2,000 1,400 600 28.00% - - FICA Taxes 383 153 107 46 27.94% - - ProfServ-Engineering 2,000 833 - 833 0.00% 167 - ProfServ-Field Management 950 - - - 0.00% - - ProfServ-Legal Services 3,500 1,458 2,039 (581) 58.26% 292 - ProfServ-Mgmt Consulting 26,221 10,925 10,925 - 41.67% 2,185 2,185 ProfServ-Property Appraiser 2,996 2,996 - 2,996 0.00% - - ProfServ-Web Site Maintenance 758 316 316 - 41.69% 63 63 Auditing Services 3,200 1,600 500 1,100 15.63% - 500 Postage and Freight 750 313 237 76 31.60% 63 4 Insurance-General Liability 9,688 9,688 9,557 131 98.65% - - Printing and Binding 720 300 - 300 0.00% 60 - Legal Advertising 2,400 1,000 276 724 11.50% 200 - Misc-Assessment Collection Cost 3,995 3,608 3,596 12 90.01% 263 153 Misc-Contingency 1,353 564 220 344 16.26% 113 - Misc-Web Hosting 1,823 760 388 372 21.28% 152 - Office Expense 250 104 75 29 30.00% 21 - Annual District Filing Fee 175 175 175 - 100.00% - - Total Administration 66,162 36,793 29,811 6,982 45.06% 3,579 2,905 Field Contracts-Fountain 737 307 369 (62) 50.07% 61 - Contracts-Aerator Maintenance 3,550 1,479 1,011 468 28.48% 296 - Electricity-Aerator 10,000 4,167 2,571 1,596 25.71% 833 521 R&M-Fence 480 200 - 200 0.00% 40 - R&M-Lake 55,000 22,917 - 22,917 0.00% 4,583 - Misc-Contingency 16,886 7,036 12,402 (5,366) 73.45% 1,407 5,114 Capital Outlay 11,645 4,852 - 4,852 0.00% 970 - Total Field 98,298 40,958 16,353 24,605 16.64% 8,190 5,635 Reserves Reserve-Fountain 200 200 - 200 0.00% - - Reserve-Roads and Lakes 27,340 27,340 - 27,340 0.00% - - Total Reserves 27,540 27,540 - 27,540 0.00% - - TOTAL EXPENDITURES&RESERVES 192,000 105,291 46,164 59,127 24.04% 11,769 8,540 Page 2 NAPLES HERITAGE 1 6 ! 1 A 3 Community Development District Genera/Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending February 28, 2025 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) AS A%OF FEB-25 FEB-25 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL Excess(deficiency)of revenues Over(under)expenditures - 76,251 137,196 60,945 0.00% (3,256) (128) Net change in fund balance $ - $ 76,251 $ 137,196 $ 60,945 0.00% $ (3,256) $ (128) FUND BALANCE,BEGINNING(OCT 1,2024) 96,351 96,351 96,351 FUND BALANCE,ENDING $ 96,351 $ 172,602 $ 233,547 Page 3 1 6 I 1 A 3 NAPLES HERITAGE Community Development District Financial Statements (Unaudited) February 28, 2025 NAPLES HERITAGE L Community Development District e Non-Ad Valorem Special Assessments - Collier County Tax Collector Monthly Collection Distributions For the Fiscal Year Ending September 30, 2025 Discount/ Gross Date Net Amount (Penalties) Collection Amount Received Received Amount Costs Received Assessments Levied $ 199,750 Allocation % 100% 10/31/24 $ 900 $ 51 $ 18 $ 969 11/08/24 1,411 60 29 1,500 11/14/24 21,638 920 442 23,000 11/21/24 29,635 1,260 605 31,500 12/05/24 82,085 3,490 1,675 87,250 12/09/24 4,704 200 96 5,000 12/12/24 17,201 698 351 18,250 12/24/24 5,230 168 107 5,505 01/09/25 5,889 186 120 6,195 02/07/25 7,486 177 153 7,816 TOTAL $ 176,179 $ 7,210 $ 3,596 $ 186,985 % COLLECTED 93.6% TOTAL OUTSTANDING $ 12,765 Page 4 NAPLES HERITAGE 1 61 I A 3 Community Development District Cash and Investment Balances February 28, 2025 ACCOUNT NAME BANK NAME YIELD MATURITY BALANCE GENERAL FUND Checking Account-Operating Valley National 4.34% N/A 194,205 Money Market Account BankUnited 3.99% N/A 47,471 Total $ 241,676 Page 5 161 1A3 LO (O CO O CO LO CO V N N coE. 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LC) Co O) t0 re O Z to CO CD CON N CO LO CO W Li_ 0 QV) O) Q4 LOV) N W 1n (O (O I .O W to 1n tf) LO Li) Lo LLB Ln y 7 co N N N N N N N N C co W M (`M M M M M M M J tp 0 0 0 0 O 0 0 0 a Q z tv a) CO 0- 2 2 S 2 2 2 2 2 W• Q Q Q Q Q Q Q Q ❑ J J J J J J J w LL a a a LL LL a a LL LL LL LL LL LL LL LL LL r O 0to tO 0 LO tO LO LC) a) 0 N N N N N (N N N N N CO co NI- Cl 1 N N N N N Z.N. N N N 0 00 00 00 O O O Z Y O '7 CD N CO 0) 0 N CO NI' 0 Z 0000000, 0 0 t = J 0 0 0 0 0 0 0 0 0 0 Q Q n- COCOCOCOCOCOCOCO ce -a LL0 0 0 0 0 0 0 0 0 0 Z ILI 0 0 0 0 0 0 0 0 0 16I I A 3 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 16e 1A3 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA TABLE OF CONTENTS Page INDEPENDENT AUDITOR'S REPORT 1-2 MANAGEMENT'S DISCUSSION AND ANALYSIS 3-5 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements: Statement of Net Position 6 Statement of Activities 7 Fund Financial Statements: Balance Sheet—Governmental Fund 8 Reconciliation of the Balance Sheet—Governmental Fund to the Statement of Net Position 9 Statement of Revenues, Expenditures and Changes in Fund Balance— Governmental Fund 10 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balance of Governmental Fund to the Statement of Activities 11 Notes to the Financial Statements 12-16 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual—General Fund 17 Notes to Required Supplementary Information 18 OTHER INFORMATION Data Elements required by FL Statute 218.39 (3) (c) 19 INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 20-21 INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA 22 MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA 23-24 161 143 1001 Yamato Road • Suite 301 Grau & Associates Boca Raton, Florida 33431 illr (561) 994-9299•(800) 299-4728 CERTIFIED PUBLIC ACCOUNTANTS Fax(561) 994-5823 www.graucpa.com INDEPENDENT AUDITOR'S REPORT To the Board of Supervisors Naples Heritage Community Development District Collier County, Florida Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements of the governmental activities and the major fund of Naples Heritage Community Development District, Collier County, Florida("District")as of and for the fiscal year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents. n our opinion,the financial statements referred to above present fairly, in all material respects,the respective financial position of the governmental activities and the major fund of the District as of September 30, 2024, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. 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. Responsibilities of Management for the Financial Statements The District's management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for 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. 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 GAAS 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. 16l 1 A 3 In performing an audit in accordance with GAAS, 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. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board,who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries,the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Included in the Financial Report Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information,and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements,our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists,we are required to describe it in our report. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards,we have also issued our report dated February 28,2025, 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, contracts, grant agreements and other matters. The purpose of that report is solely 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 the effectiveness of the District's 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 February 28, 2025 2 16J 1A3 MANAGEMENT'S DISCUSSION AND ANALYSIS Our discussion and analysis of the Naples Heritage Community Development District, Collier County,Florida ("District") provides an overview of the District's financial activities for the fiscal year ended September 30, 2024. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements. FINANCIAL HIGHLIGHTS • The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of$7,159,190. • The change in the District's total net position in comparison with the prior fiscal year was($113,014), a decrease.The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section. • At September 30,2024,the District's governmental fund reported ending fund balance of$96,350,an increase of$26,049 in comparison with the prior fiscal year. A portion of the fund balance is non- spendable for deposits, assigned for reserves,and the remainder is unassigned fund balance which is available for spending at the district's discretion. OVERVIEW OF FINANCIAL STATEMENTS This discussion and analysis is intended to serve as the introduction to the District's basic financial statements.The District's basic financial statements are comprised of three components: 1)government-wide financial statements, 2)fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. 1) Government-Wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business. The statement of net position presents information on all the District's assets,deferred outflows of resources, liabilities and deferred inflows of resources, with the residual amount being 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 activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods. The government-wide financial statements include all governmental activities that are principally supported by special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance and operations functions. 2) Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives.The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.The District has one fund category: governmental funds. 3 6I 3 OVERVIEW OF FINANCIAL STATEMENTS (Continued) 2) Fund Financial Statements (Continued) Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures,and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The District maintains one governmental fund for external reporting. Information is presented in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund. The general fund is considered a major fund. The District adopts an annual appropriated budget for its general fund.A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget. 3) Notes to the Financial Statements The notes provide additional information that is essential to a full understanding of the data included in the government-wide and fund financial statements. GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year. Key components of the District's net position are reflected in the following table: NET POSITION SEPTEMBER 30, 2024 2023 Current and other assets $ 131,076 $ 75,523 Capital assets, net of depreciation 7,062,840 7,201,903 Total assets 7,193,916 7,277,426 Current liabilities 34,726 5,222 Total liabilities 34,726 5,222 Net position Investment in capital assets 7,062,840 7,201,903 Unrestricted 96,350 70,301 Total net position $ 7,159,190 $ 7,272,204 The District's net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure). These assets are used to provide services to residents; consequently, these assets are not available for future spending. The remaining balance of unrestricted net position may be used to meet the District's other obligations. 4 161 ti3 GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued) The District's net position decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the cost of operations and depreciation expense exceeded ongoing program revenues. Key elements of the change in net position are reflected in the following table: CHANGES IN NET POSITION FOR THE FISCAL YEAR END SEPTEMBER 30, 2024 2023 Revenues: Program revenues $ 173,066 $ 115,517 General revenues 8,764 4,898 Total revenues 181,830 120,415 Expenses: General government 57,543 63,013 Maintenance and operations 237,301 213,507 Total expenses 294,844 276,520 Change in net position (113,014) (156,105) Net position-beginning 7,272,204 7,428,309 Net position-ending $ 7,159,190 $ 7,272,204 As noted above and in the statement of activities,the cost of all governmental activities during the fiscal year ended September 30, 2024, was $294,844. The costs of the District's activities were primarily funded by program revenues. Program revenues are comprised of assessments. General revenues are comprised of interest income. The increase in the current fiscal year expenses is primarily the result of an increase in stormwater drainage improvements maintenance. GENERAL BUDGETING HIGHLIGHTS An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures for the fiscal year ended September 30, 2024 did not exceed appropriations. CAPITAL ASSETS At September 30, 2024, the District had $11,400,144 invested in capital assets. In the government-wide statements depreciation of$4,337,304 has been taken, which resulted in a net book value of$7,062,840. More detailed information about the District's capital assets is presented in the notes of the financial statements. ECONOMIC FACTORS AND NEXT YEARS BUDGETS AND OTHER EVENTS The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant. CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT This financial report is designed to provide our citizens, land owners,customers, investors and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information,contact Naples Heritage Community Development District's Finance Department at 210 N. University Drive, Suite 702, Coral Springs, Florida, 33071. 5 16 ; 1A3 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA STATEMENT OF NET POSITION SEPTEMBER 30, 2024 Governmental Activities ASSETS Cash $ 128,514 Due from other governments 2,002 Deposits and prepaids 560 Capital assets: Nondepreciable 6,122,404 Depreciable, net 940,436 Total assets 7,193,916 LIABILITIES Accounts payable and accrued expenses 34,726 Total liabilities 34,726 NET POSITION Investment in capital assets 7,062,840 Unrestricted 96,350 Total net position $ 7,159,190 See notes to the financial statements 6 161 I A 3 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED September 30, 2024 Net(Expense) Revenue and Program Changes in Net Revenues Position Charges for Governmental Functions/Programs Expenses Services Activities Primary government: Governmental activities: General government $ 57,543 $ 57,543 $ - Maintenance and operations 237,301 115,523 (121,778) Total governmental activities 294,844 173,066 (121,778) General revenues: Investment earnings 8,764 Total general revenues 8,764 Change in net position (113,014) Net position- beginning 7,272,204 Net position -ending $ 7,159,190 See notes to the financial statements 7 16 I 1 A NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA BALANCE SHEET GOVERNMENTAL FUND SEPTEMBER 30, 2024 Total Major Fund Governmental General Fund ASSETS Cash $ 128,514 $ 128,514 Due from other governments 2,002 2,002 Deposits 560 560 Total assets $ 131,076 $ 131,076 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and accrued liabilities $ 34,726 $ 34,726 Total liabilities 34,726 34,726 Fund balance: Nonspendable: Deposits 560 560 Assigned to: Operation Reserves 18,457 18,457 Roads, lake and fountain reserves 48,160 48,160 Unassigned 29,173 29,173 Total fund balance 96,350 96,350 Total liabilities and fund balance $ 131,076 $ 131,076 See notes to the financial statements 8 161 1A3 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA RECONCILIATION OF THE BALANCE SHEET-GOVERNMENTAL FUND TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2024 Total fund balances -governmental funds $ 96,350 Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole. Cost of capital assets 11,400,144 Accumulated depreciation (4,337,304) 7,062,840 Net position of governmental activities $ 7,159,190 See notes to the financial statements 9 161 A NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE GOVERNMENTAL FUND FOR THE FISCAL YEAR ENDED September 30, 2024 Total Major Fund Governmental General Fund REVENUES Assessments $ 173,066 $ 173,066 Interest 8,764 8,764 Total revenues 181,830 181,830 EXPENDITURES Current: General government 57,543 57,543 Maintenance and operations 78,179 78,179 Capital outlay 20,059 20,059 Total expenditures 155,781 155,781 Excess (deficiency) of revenues over(under) expenditures 26,049 26,049 Fund balance- beginning 70,301 70,301 Fund balance -ending $ 96,350 $ 96,350 See notes to the financial statements 10 16 11A3 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE OF GOVERNMENTAL FUND TO THE STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED September 30, 2024 Net change in fund balances-total governmental funds $ 26,049 Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures, however, in the statement of activities, the cost of those assets is eliminated and capitalized as capital assets. 20,059 Depreciation on capital assets is not recognized in the governmental fund statements but is reported as an expense in the statement of activities. (159,122) Change in net position of governmental activities $ (113,014) See notes to the financial statements 11 16 I 1 A3 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA NOTES TO FINANCIAL STATEMENTS NOTE 1 —NATURE OF ORGANIZATION AND REPORTING ENTITY Naples Heritage Community Development District ("District") was created on September 24, 1996 by Ordinance 96-57 of Collier County, Florida, pursuant to the Uniform Community Development District Act of 1980,otherwise known as Chapter 190, Florida Statutes.The Act provides among other things,the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District. The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by qualified electors within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. The Board has the responsibility for: 1. Assessing and levying assessments. 2. Approving budgets. 3. Exercising control over facilities and properties. 4. Controlling the use of funds generated by the District. 5. Approving the hiring and firing of key personnel. 6. Financing improvements. The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded,the financial statements of the District would be considered incomplete or misleading.There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District. NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Government-Wide and Fund Financial Statements The basic financial statements include both government-wide and fund financial statements. The government-wide financial statements(i.e.,the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part,the effect of interfund activity has been removed from these statements. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is 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 who purchase,use or directly benefit from goods, services or privileges provided by a given function or segment; operating-type special assessments for maintenance are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues. 12 16 I 1 A NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (Continued) Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows.Assessments are recognized as revenues in the year for which they are levied.Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. Assessments Assessments are non-ad valorem assessments on benefited lands within the District.Assessments are levied to pay for the operations and maintenance of the District. The fiscal year for which annual assessments are levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1.The District's annual assessments for operations are billed and collected by the County Tax Collector.The amounts remitted to the District are net of applicable discounts or fees and include interest on monies held from the day of collection to the day of distribution. Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period.The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. The District reports the following major governmental fund: General Fund The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund. When both restricted and unrestricted resources are available for use, it is the government's policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed. Assets, Liabilities and Net Position or Equity Restricted Assets These assets represent cash and investments set aside pursuant to external restrictions. Deposits and Investments The District's cash is considered to be cash on hand and demand deposits. The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following: a) The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act; b) Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency; c) Interest bearing time deposits or savings accounts in qualified public depositories; d) Direct obligations of the U.S. Treasury. Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured. 13 ! 61 143 NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (Continued) Assets, Liabilities and Net Position or Equity (Continued) Deposits and Investments (Continued) The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles. Inventories and Prepaid Items Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. Capital Assets Capital assets,which include property, plant and equipment, and infrastructure assets(e.g.,roads,sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives: Assets Years Improvements -security and other 5 -20 Infrastructure- roadways 20-30 In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements. Unearned Revenue Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned. Deferred Outflows/Inflows of Resources In addition to assets,the statement of financial position will sometimes report a separate section for deferred outflows of resources.This separate financial statement element,deferred outflows of resources,represents a consumption of net position that applies to a future period(s)and so will not be recognized as an outflow of resources (expense/expenditure) until then. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s)and so will not be recognized as an inflow of resources (revenue) until that time. Fund Equity/Net Position In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change. 14 161 I A 3 NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity (Continued) Fund Equity/Net Position (Continued) The District can establish limitations on the use of fund balance as follows: Committed fund balance —Amounts that can be used only for the specific purposes determined by a formal action(resolution)of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category. Assigned fund balance — Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed.The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment. The District first uses committed fund balance,followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used. Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets,restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District's Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components. Other Disclosures Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. NOTE 3—BUDGETARY INFORMATION The District is required to establish a budgetary system and an approved Annual Budget.Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund.All annual appropriations lapse at fiscal year-end. The District follows these procedures in establishing the budgetary data reflected in the financial statements. a) Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1. b) Public hearings are conducted to obtain public comments. c) Prior to October 1, the budget is legally adopted by the District Board. d) All budget changes must be approved by the District Board. e) The budgets are adopted on a basis consistent with generally accepted accounting principles. f) Unused appropriation for annually budgeted funds lapse at the end of the year. 15 161 1A3 NOTE 4—DEPOSITS The District's cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds)to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository,the remaining public depositories would be responsible for covering any resulting losses. NOTE 5—CAPITAL ASSETS Capital asset activity for the fiscal year ended September 30, 2024 was as follows: Beginning Ending Balance Additions Reductions Balance Governmental activities Capital assets,not being depreciated Land and land improvements $ 6,122,404 $ - $ - $ 6,122,404 Total capital assets,not being depreciated 6,122,404 - - 6,122,404 Capital assets,being depreciated Improvements-security and other 1,308,650 20,059 - 1,328,709 Infrastructure-roadways 3,949,031 - - 3,949,031 Total capital assets,being depreciated 5,257,681 20,059 - 5,277,740 Less accumulated depreciation for: Improvements-security and other 1,218,685 13,988 - 1,232,673 Infrastructure-roadways 2,959,497 145,134 - 3,104,631 Total accumulated depreciation 4,178,182 159,122 - 4,337,304 Total capital assets,being depreciated,net 1,079,499 (139,063) - 940,436 Governmental activities capital assets,net $ 7,201,903 $ (139,063) $ - $ 7,062,840 Depreciation expense was charged to the maintenance and operations function. NOTE 6 -MANAGEMENT COMPANY The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs. NOTE 7 -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; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks;coverage may not extend to all situations.There were no settled claims during the past three years. 16 16 11A3 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL—GENERAL FUND FOR THE FISCAL YEAR ENDED September 30, 2024 Variance with Budgeted Final Budget- Amounts Actual Positive Original & Final Amounts (Negative) REVENUES Assessments $ 172,585 $ 173,066 $ 481 Interest 240 8,764 8,524 Total revenues 172,825 181,830 9,005 EXPENDITURES Current: General government 61,732 57,543 4,189 Maintenance and operations 83,553 78,179 32,914 Capital outlay 27,540 20,059 7,481 Total expenditures 172,825 155,781 44,584 Excess (deficiency) of revenues over(under) expenditures $ - 26,049 $ 26,049 Fund balance- beginning 70,301 Fund balance-ending $ 96,350 See notes to required supplementary information 17 161 1 )13 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA NOTES TO REQUIRED SUPPLEMENTARY INFORMATION The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District's budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles). The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate.Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors.Actual general fund expenditures for the fiscal year ended September 30,2024 did not exceed appropriations. 18 161143 NAPLES HERITAGE COMMUNITY DEVELOPMENT DISTRICT COLLIER COUNTY, FLORIDA OTHER INFORMATION-DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3) (C) FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 UNAUDITED Element Comments Number of District employees compensated in the last pay period of the District's 0 fiscal year being reported. Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District's fiscal year being 4 reported. Employee compensation $0 Independent contractor compensation $38,154 Construction projects to begin on or after October 1;($65K) Not applicable See the Schedule of Revenues,Expenditures Budget variance report and Changes in Fund Balance-Budget and Actual-General Fund Ad Valorem taxes; Not applicable Non ad valorem special assessments; Special assessment rate Operations and maintenance-$225.00 Special assessments collected $173,066 19 16I I A 3 • 1001 Yamato Road • Suite 301 Graze & Associates Boca Raton, Florida 33431 ....) CM __ (561) 994-9299 • (800)299-4728 CLRI'll ILL) PLI13L1C ACCOLINTANI S Fax(561) 994-5823 www.graucpa.com INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Board of Supervisors Naples Heritage Community Development District Collier County, Florida We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and the major fund of Naples Heritage Community Development District, Collier County, Florida("District")as of and for the fiscal year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our opinion thereon dated February 28, 2025. Report on Internal Control Over Financial Reporting In planning and performing our audit of the financial statements,we considered the District's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements,but not for the purpose of expressing an opinion on the effectiveness of the District's internal control.Accordingly,we do not express an opinion on the effectiveness of the 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 a combination of deficiencies, in internal control,such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies.Given these limitations,during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses.However,material weaknesses or significant deficiencies may exist that were not identified. Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit,and accordingly,we do not express such an opinion.The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. 20 61 1A3 Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing,and not to provide an opinion on the effectiveness of the entity's internal control or on compliance.This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance.Accordingly,this communication is not suitable for any other purpose. February 28, 2025 21 i1001 Yamato Road S§te/3011 A 3 Cedi Grau & Associates Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728 CERTIFIED PUBLIC ACCOUNTANTS Fax (561) 994-5823 www.graucpa.com INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA To the Board of Supervisors Naples Heritage Community Development District Collier County, Florida We have examined Naples Heritage Community Development District, Collier County, Florida's ("District") compliance with the requirements of Section 218.415,Florida Statutes, in accordance with Rule 10.556(10)of the Auditor General of the State of Florida during the fiscal year ended September 30,2024. Management is responsible for the District's compliance with those requirements. Our responsibility is to express an opinion on the 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.Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects,with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance,whether due to fraud or error.We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements. We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement. In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2024. This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives,the Florida Auditor General,management,and the Board of Supervisors of Naples Heritage Community Development District, Collier County, Florida and is not intended to be and should not be used by anyone other than these specified parties. February 28, 2025 22 161 1A3 1001 Yamato Road • Suite 301 �rau & Associates Boca Raton, Florida 33431 (561) 994-9299 •(800) 299-4728 CERTIFILD PUBLIC ACCOUNTANTS Fax(561) 994-5823 www.graucpa.com MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA To the Board of Supervisors Naples Heritage Community Development District Collier County, Florida Report on the Financial Statements We have audited the accompanying basic financial statements of Naples Heritage Community Development District, Collier County, Florida("District")as of and for the fiscal year ended September 30, 2024, and have issued our report thereon dated February 28, 2025. Auditor's Responsibility 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; and Chapter 10.550, Rules of the Florida Auditor General. Other Reporting Requirements We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor's Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports,which are dated February 28, 2025, should be considered in conjunction with this management letter. Purpose of this Letter The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida.Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following: I. Current year findings and recommendations. II. Status of prior year findings and recommendations. III. Compliance with the Provisions of the Auditor General of the State of Florida. Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Naples Heritage Community Development District,Collier County, Florida and is not intended to be and should not be used by anyone other than these specified parties. We wish to thank Naples Heritage Community Development District, Collier County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us. '44,, 4-(l-i.trc-4 February 28, 2025 23 16l 1A3 REPORT TO MANAGEMENT I. CURRENT YEAR FINDINGS AND RECOMMENDATIONS None II. PRIOR YEAR FINDINGS None III. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA Unless otherwise required to be reported in the auditor's report on compliance and internal controls,the management letter shall include, but not be limited to the following: 1. A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2023. 2. Any recommendations to improve the local governmental entity's financial management. There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2024. 3. Noncompliance with provisions of contracts or grant agreements, or abuse,that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2024. 4. The name or official title and legal authority of the District are disclosed in the notes to the financial statements. 5. The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes. 6. We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2024. It is management's responsibility to monitor 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. 7. Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 19. 24 tsl 1A3 6D. 16I 143 N V_ W 0 .,w,,, W L. WCC N a o 0 Q W LI I- c al °' co N = o z E O d := N ) la o �, '— N cl U) 0 O4 iiN o - a � < W > � a � � Z mi RI as mimiz E : Q a Z Q 1 6 I 1A3 N CO CO f-- CO N 11 • • • to a) • U • C as s • CO • US a • +, C 0 C) W c O U, U a) O m U 72 a) c • cn F- as N m (n a) CL N U c 7 (6 To N a co C a) cn D W 7 J tcn lt. D CI Q N o W O C o U o > a) is Cl) us is W o_ I— o t Q CD as . a E a c L Z Q U m ii co ... 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D x o w I- O O o 0 rn rn w rn rn M C c M M N N N N N I- r E r r a.,, (I) C) O N O co N 2 N N N N N 'a �•i N M Co Q (» (»CO 0 0 c ' m 60) 60) th ti ^ r n 'E a N N CO d N • OCti o N C rX a- N O 4..1 (aV c O C d E } O_ 0 N R N V d N y LL 0 Q N > N N O 10 N C N N N N U- ▪ LE a E — co O R Q O U N 2oes U) 0 IL p N N N U- 69 C) .17-- N N W 0 .E v c o rn a N 2 rn F., a r o 0_ Q 0 m W > m� - N IIww QX a) f0 O V/ +�+ Q (6 W E o0 a E 7 To = N Q o ab: Z 0 161 1Ah Horse Trails CDD 3501 Quadrangle Blvd., Suite 270, Orlando, FL 32817 407-723-5900 FAX 407-723-5901 May 20, 2025 Collier County Clerk Collier County Courthouse 3315 E. Tamiami Trail East Naples, FL 34112-2646 Re: Horse Trails CDD Proposed FY 2026 Budget To Whom It May Concern: In accordance with Chapter 190.008 Florida Statutes, attached is a copy of the proposed fiscal year 2026 Operations and Maintenance Budget for the Horse Trails CDD which is located within the Collier County. The budgets are for your review and comments, should you have any. However, no action is necessary on your part. If you should have any questions regarding this matter, please feel free to contact me. Sincerely, 4e41.7..,a4- Audrey Ryan District Accountant PFM Group Consulting LLC 3501 Quadrangle Blvd., Suite 270, Orlando, FL 32817 Phone — (407) 723-5900 Fax — (407) 723-5901 rvana@PFM.com Horse Trials CDD 1 6 I I A 4 FY 2026 Proposed O&M Budget FY 2026 Proposed Budget Revenues Developer Contributions $ 79,745.00 Net Revenues $ 79,745.00 General &Administrative Expenses Public Officials' Insurance 3,100.00 Management 25,000.00 Engineering 5,000.00 District Counsel 10,000.00 Audit 6,000.00 Property Appraiser 500.00 Travel and Per Diem 500.00 Postage and shipping 500.00 Copies 500.00 Telephone/Webex 50.00 Legal Advertising 10,000.00 Website maintenance 6,420.00 Dues, Licences and Fees 175.00 General Insurance 3,500.00 Property and Casualty 3,500.00 Contingency 5,000.00 Total General &Administrative Expenses $ 79,745.00 Total Expenses $ 79,745.00 Net Income (Loss) $ - Page 1 of 1 6I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT BASIC FINANCIAL STATEMENTS TOGETHER WITH ADDITIONAL REPORTS YEAR ENDED SEPTEMBER 30,2024 ' 6 1 1A5 TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR'S REPORT 1-4 MANAGEMENT'S DISCUSSION AND ANALYSIS(MD&A) i-x BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS: Statement of Net Position 5 Statement of Activities 6 FUND FINANCIAL STATEMENTS: Governmental Funds: Balance Sheet 7 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 8 Statement of Revenues,Expenditures and Changes in Fund Balance 9 Reconciliation of the Statement of Revenues,Expenditures and Changes in Fund Balance of Governmental Funds to the Statement of Activities 10 Fiduciary Fund-Firefighters'Pension Plan: Statement of Fiduciary Net Position 11 Statement of Changes in Fiduciary Net Position 12 NOTES TO THE FINANCIAL STATEMENTS 13-83 OTHER INFORMATION COMBINING FINANCIAL STATEMENTS BY SERVICE DELIVERY AREA Governmental Funds Combining Balance Sheet-General Fund-by Service Delivery Area 84 Combining Statement of Revenues,Expenditures,and Changes in Fund Balance- General Fund-by Service Delivery Area 85 REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A NORTH NAPLES SERVICE DELIVERY AREA(SDA) BUDGET TO ACTUAL COMPARISON-MAJOR FUNDS(General and Special Revenue Funds) Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- General Fund-Summary Statement 86 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- General Fund-Detailed Statement 87-89 BIG CORKSCREW ISLAND SERVICE DELIVERY AREA(SDA) BUDGET TO ACTUAL COMPARISON -MAJOR FUNDS(General and Special Revenue Funds) Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- General Fund-Summary Statement 90 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- General Fund-Detailed Statement 91-93 16 11A5 TABLE OF CONTENTS(CONTINUED) Page(s) COMBINED SERVICE DELIVERY AREAS Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual - Impact Fee Fund-Combined Service Delivery Areas Summary Statement 94 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- Impact Fee Fund-Combined Service Delivery Areas Detailed Statement 95 BUDGET TO ACTUAL COMPARISON -OTHER NON-MAJOR GOVERNMENTAL FUND Special Revenue Fund: Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- Inspection Fee Fund-Summary Statement 96 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual- Inspection Fee Fund- Detailed Statement 97-98 OTHER REQUIRED SUPPLEMENTARY INFORMATION Schedule of District's Proportionate Share of the Net Pension Liability-Florida Retirement System Pension Plan(FRS) 99 Schedule of District Contributions-Florida Retirement System Pension Plan(FRS) 99 Schedule of District's Proportionate Share of the Net Pension Liability-Health Insurance Subsidy Pension Plan(HIS) 100 Schedule of District Contributions-Health Insurance Subsidy Pension Plan(HIS) 100 Notes to the Required Supplementary Information-FRS/HIS 101-102 Schedule of Changes in the Net OPEB Liability and Related Ratios,GASB No. 75 and Related Notes to the Schedule 103 Schedule of Changes in the District's Net Pension Liability and Related Ratios(unaudited)- Firefighters'Pension Trust Fund 104 Schedule of District Contributions-Firefighters'Pension Trust Fund 105 Schedule of Investment Returns-(Unaudited)Firefighters'Pension Trust Fund 106 Notes to the Required Supplementary Information-Firefighters'Pension Trust Fund 107 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 108-109 Independent Accountant's Report on Compliance with Section 218.415,Florida Statutes 110 Independent Auditor's Report to Management 111-113 Management's Response to 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 HSC/Tuscan 16 1 14 5 & Company, PA CERTIFIED PUBLIC ACCOUNTANTS &CONSULTANTS INDEPENDENT AUDITOR'S REPORT Board of Commissioners North Collier Fire Control and Rescue District 1885 Veterans Park Drive Naples,Florida 34109-0492 Opinions We have audited the accompanying financial statements of the governmental activities,each major fund,the non-major fund and the fiduciary fund type of North Collier Fire Control and Rescue District(the"District")as of and for the year ended September 30,2024,and the related notes to the financial statements,which collectively comprise the District's basic financial statements as listed in the table of contents. Summary of Opinions Opinion Unit Type of Opinion Governmental Activities Unmodified General Fund Unmodified Impact Fee Fund Unmodified Inspection Fee Fund Unmodified Firefighters'Pension Trust Fund Unmodified In our opinion,based on the results of our audit and the report of other auditors,the financial statements referred to above present fairly,in all material respects,the respective financial position of the governmental activities,each major fund,the non-major fund and the fiduciary fund type of North Collier Fire Control and Rescue District as of September 30,2024,and the respective changes in financial position,for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions 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. We did not audit the financial statements of North Collier Fire Control and Rescue District Firefighters'Pension Trust Fund ("Fiduciary Fund-Pension Fund")as of and for the year ended September 30,2024,which represent 100%of the assets, liabilities and net position as well as 100%of the revenue and expenses of the District's Fiduciary Fund.Those financial statements were audited by other auditors whose report thereon has been furnished to us,and our opinion,insofar as it relates to the amounts included for North Collier Fire Control and Rescue District Firefighters'Pension Trust Fund,is based on the report of the other auditors.We also did not audit the financial statements of the Florida Retirement System Pension INTEGRITY SERVICE EXPERIENCE 1470 Royal Palm Square Blvd..Fort Myers,FL 33919-1049 Phone:(239)939-2233•Fax:(239)939-0554•www.hsctuscan.com 1 6 I I A 5 Board of Commissioners North Collier Fire Control and Rescue District Page 2 Plan(FRS)or Health Insurance Subsidy Pension Plan(HIS)as of and for the year ended June 30,2024. The District is required to record its proportionate share of the FRS and HIS liability in the District's government-wide financial statements as of September 30,2024,and for the year then ended. The Florida Retirement System financial statements were audited by other auditors whose reports have been furnished to us,and our opinion,insofar as it relates to the amounts included for the District's government-wide financial statements,are based on the reports of the other auditors. 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. Auditor's Responsibilities for the Audit of 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-x,Schedule of the District's Proportionate Share of the Net Pension Liability-Florida Retirement System 1 6 I 1 A 5 Board of Commissioners North Collier Fire Control and Rescue District Page 3 Pension Plan(FRS),Schedule of District Contributions-Florida Retirement System Pension Plan(FRS),Schedule of the District's Proportionate Share of the Net Pension Liability-Health Insurance Subsidy Pension Plan(HIS),Schedule of District Contributions-Health Insurance Subsidy Pension Plan(HIS),Notes to the Required Supplementary Information and Schedule of Changes in the Net OPEB Liability and Related Ratios GASB No.75 and Related Notes to the Schedule, Schedule of Changes in the District's Net Pension Liability and Related Ratios(unaudited)-Firefighters'Pension Trust Fund, Schedule of District Contributions-Firefighters'Pension Trust Fund,Schedule of Investment Returns-(Unaudited) Firefighters'Pension Trust Fund and Notes to the Required Supplementary Information-Firefighters'Pension Trust Fund as listed in the table of contents,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 which 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),Schedule of the District's Proportionate Share of the Net Pension Liability-Florida Retirement System Pension Plan(FRS),Schedule of District Contributions-Florida Retirement System Pension Plan(FRS), Schedule of the District's Proportionate Share of the Net Pension Liability-Health Insurance Subsidy Pension Plan(HIS), Schedule of District Contributions-Health Insurance Subsidy Pension Plan(HIS),Notes to the Required Supplementary Information and Schedule of Changes in the Net OPEB Liability and Related Ratios GASB No.75 and Related Notes to the Schedule,Schedule of Changes in the District's Net Pension Liability and Related Ratios(unaudited)-Firefighters'Pension Trust Fund,Schedule of District Contributions-Firefighters'Pension Trust Fund,Schedule of Investment Returns- (Unaudited)Firefighters'Pension Trust Fund and Notes to the Required Supplementary Information-Firefighters'Pension Trust Fund as listed in the table of contents,in accordance with auditing standards generally accepted in the United States of America,which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries,the basic financial statements,and other knowledge we obtained during our audit of the basic financial statements.We do not express an opinion or provide any assurance on the required supplementary information-management's discussion and analysis(MD&A), Schedule of the District's Proportionate Share of the Net Pension Liability-Florida Retirement System Pension Plan(FRS),Schedule of District Contributions-Florida Retirement System Pension Plan(FRS),Schedule of the District's Proportionate Share of the Net Pension Liability-Health Insurance Subsidy Pension Plan(HIS),Schedule of District Contributions-Health Insurance Subsidy Pension Plan(HIS), Notes to the Required Supplementary Information and Schedule of Changes in the Net OPEB Liability and Related Ratios GASB No.75 and Related Notes to the Schedule,Schedule of Changes in the District's Net Pension Liability and Related Ratios(unaudited)-Firefighters'Pension Trust Fund,Schedule of District Contributions- Firefighters'Pension Trust Fund,Schedule of Investment Returns-(Unaudited)Firefighters'Pension Trust Fund and Notes to the Required Supplementary Information-Firefighters'Pension Trust Fund as listed in the table of contents,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 North Collier Fire Control and Rescue District's basic financial statements.The required supplementary information other than MD&A-budgetary comparison information 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 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 is fairly stated,in all material respects,in relation to the basic financial statements as a whole. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District's basic financial statements. The combining financial statements as listed in the table of contents,are presented for purposes of additional analysis and are not a required part of the basic financial statements. 16 ► 1A5 Board of Commissioners North Collier Fire Control and Rescue District Page 4 The combining financial statements are the responsibility of management and were derived from and relate 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 combining financial statements are 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 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 I0.554(1)(i)6-8 Compliance-Unaudited are not a required part of the basic financial statements but are required by Government Auditing Standards and 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 assurance on it. In connection with our audit of the basic financial statements,our responsibility is to read the other intimation and consider whether a material inconsistency exists between the other information and the basic financial statements.or the other information otherwise appears to be materially misstated. It:based on the work performed.we conclude that an uncorrected material misstatement of the other information exists,we are required to describe it in our report. Other Reporting Required by Section 218.415,Florida Statutes In accordance with Section 218.415,Florida Statutes,we have also issued a report dated May 15.2025,on our consideration of North Collier Fire Control and Rescue 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 North Collier Fire Control and Rescue District's compliance with Section 218.415.Florida Statutes. Other Reporting Required by Government Auditin2 Standards In accordance with Government Auditing Standards.we have also issued our report dated May 15.2025.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 North Collier Fire Control and Rescue District's internal control over financial reporting and compliance. #.6&///tAitA,63011 /_/ 1 HSC/TUSCAN&COMPANY.P.A. Fort Myers.Florida May 15,2025 16 11A5 MANAGEMENT'S DISCUSSION AND ANALYSIS (MD&A) Management's Discussion and Analysis 1 6 I 1 A 5 of Financial Statements FYE September 30,2024 This Discussion and Analysis of the North Collier Fire Control & Rescue District's ("The District") basic financial statements is provided to assist the reader in understanding the District's financial activities and significant changes in ending financial position for the fiscal year ended September 30, 2024. These statements include the requirements of GASB Statements#34, #68, #75, #87 and #96 and incorporate those annual reporting requirements, as well as the financial statement format and presentation. Contained within are the basic financial statements, consisting of the government-wide financial statements, governmental fund and fiduciary fund financial statements and related notes to the financial statements. This Discussion and Analysis will also provide an analytical overview of these statements, including comparisons of the District's financial position at September 30, 2024 versus September 30, 2023. District Highlights 1. At the conclusion of fiscal year 2024, the District's assets exceeded its liabilities, resulting in net assets of$48,931,813 as compared to net assets at September 30, 2023 of$36,475,574. 2. At the conclusion of fiscal year 2023, the District's assets exceeded its liabilities, resulting in net assets of$36,475,574 as compared to net assets at September 30, 2022 of$3,197,090. 3. The District had $14,994,914 in unrestricted net assets at September 30, 2024 as compared to $4,810,589 in unrestricted net assets at September 30, 2023. The amount of unrestricted net assets increased by $10,184,325. 4. The District had $4,810,589 in unrestricted net assets at September 30, 2023 as compared to ($27,219,161) deficit of unrestricted net assets at September 30, 2022. The amount of unrestricted net assets increased by $32,029,750. 5. Total revenues on the government-wide basis increased $7,802,291 or 13 percent, in comparison to the prior year. 6. Total expenses on the government-wide basis increased by $28,624,536 or 113 percent, in comparison to the prior year. Government-wide Financial Statements Government-wide financial statements (Statement of Net Position and Statement of Activities found on pages 5 and 6) are intended to allow a reader to assess a government's operational accountability. Operational accountability is defined as the extent to which the government has met its operating objectives efficiently and effectively, using all resources available for that purpose, and whether it can continue to meet its objectives for the foreseeable future. Government-wide financial statements concentrate on the District as a whole and do not emphasize fund types. The Statement of Net Position(page 5) presents information on all of the District's assets and liabilities,with the difference between the two reported as net assets. The District's capital assets are included in this statement and reported net of their accumulated depreciation. The Statement of Activities (page 6) presents revenue and expense information showing how the District's net assets changed during the fiscal year. Both statements are BRV 5/2/2025 i 1 6 I 1 A 5 measured and reported using the economic resource measurement focus (revenues and expenses) and the accrual basis of accounting (revenue recognized when earned and expense recognized when incurred). Governmental Fund Financial Statements The accounts of the District are organized on the basis of governmental funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity or retained earnings, revenues and expenditures. Government resources are allocated to and accounted for in individual funds based upon the purpose for which they are to be spent and the means by which spending activities are controlled. Governmental fund financial statements (found on pages 7 and 9) are prepared on the modified accrual basis using the current financial resources measurement focus. Under the modified accrual basis of accounting, revenues are recognized when they become measurable and available as net current assets. Fiduciary Fund The fiduciary fund is used to account for resources held for the benefit of retired employees that participated in the District's Firefighters' Pension Plan (Plan 2). The fiduciary funds are not reflected in the government-wide financial statements because the resources of this fund are not available to support the District's programs. The accounting used for the fiduciary fund is much like that used for governmental proprietary funds. The fiduciary fund financial statements can be found on pages 11 and 12. Notes to the Financial Statements The notes to the financial statements explain in detail some of the data contained in the preceding statements and begin on page 13. These notes are essential to a full understanding of the data provided in the government-wide and fund financial statements. Government-Wide Financial Analysis The government-wide financial statements are designed so that the user can determine if the District's financial condition is better or worse than the prior year. BRV 5/2/2025 ii The following is a Condensed Summary Statement of Net Position for the District (Primary Government) at September 30,2023 and 2024: Summary Statement of Net Position September 30 Assets: 2023 2024 Current and Other Assets $39,384,852 $46,798,948 Non Current Assets 37,335,660 37,389,884 Total Assets 76,720,512 84,188,832 Deferred Outflows - Pensions 32,922,169 30,468,012 Liabilities: Current Liabilities 11,408,269 13,809,463 Non-Current Liabilities 52,018,916 42,715,956 Total Liabilities 63,427,185 56,525,419 Net Position: Deferred Inflows - Pensions 9,739,922 9,199,612 Net Investment in Capital Assets 30,573,724 32,000,303 Restricted 1,091,261 1,936,596 Unrestricted (deficit) 4,810,589 14,994,914 Total Net Position $36,475,574 $48,931,813 Current and other assets represent 51 percent of total assets at September 30, 2023, as compared to 56 percent of total assets at September 30, 2024. Current assets at September 30, 2024 are comprised of unrestricted cash balances of $4,914,805, restricted cash of $3,025,595, investments of$35,652,427, due from other governments of$1,103,856 other receivables of$112,443,operating lease receivable of$182,584,right of use—subscription asset of $210,016, and other assets of $1,596,952. The balances of unrestricted cash represent amounts that are available for spending at the discretion of the Board of Fire Commissioners of the District. Restricted cash balances are comprised of the impact fee funds restricted for the purchase of capital assets, and unspent inspections fee revenue restricted to support the inspection of new construction. Current assets at September 30, 2023 are comprised of unrestricted cash balances of $4,659,344, restricted cash of $1,538,065, investments of $29,372,745, due from other governments of $2,112,196, other receivables of $92,137, operating lease receivable of $49,518, right of use—subscription asset of$164,009 and other assets of$1,396,838. The net investment in capital assets represent 84 percent of net assets at September 30, 2023, as compared to 65 percent at September 30, 2024. These assets are comprised of land, buildings, improvements, equipment, furniture, and vehicles, net of accumulated depreciation, and the outstanding related debt used to purchase the assets. The assigned fund balance of$30,309,436 represents resources available for spending at September 30, 2024. The District currently has $0 fund balance unassigned by the Board. BRV 5/2/2025 iii 1. 6I1A5 Summary of Revenues,Expenses and Changes in Net Assets For the Years Ended September 30,2023 and September 30,2024 Revenues: 2023 2024 General Revenues Ad Valorem Taxes $52,667,165 $59,315,452 Program Revenues Grants 1,260,143 354,012 Charges for Services 2,930,216 3,710,603 Miscellaneous Impact Fees 0 0 Investment Earnings 1,907,513 2,411,753 Gain (Loss) on Disposition of Capital Assets 3,153 264,225 Other (235,246) 279,190 Total Revenues 58,532,944 66,335,235 Expenses: Public Safety—Fire/Rescue Service 25,254,460 53,878,996 Increase (Decrease) in Net Position 33,278,484 12,456,239 Net Position-Beginning of Year 3,197,090 36,475,574 Net Position-End of Year $36,475,574 $48,931,813 BRV 5/2/2025 iv 16 11A 5 The assessed value of the property within the North Naples Service Delivery Area increased 11.5 percent for the 2023-2024 fiscal year as compared to the prior year's assessed value while maintaining the millage rate of 1.000 mils, resulting in an increase in Ad Valorem tax revenues of$4,593,615. The property values in the North Naples Service Delivery Area decreased by 25 percent during the fiscal years 2007-2012, resulting in a decrease in Ad Valorem revenue. However, property values have since increased between 2012 and 2024 and have now exceeded the previous high point in value in 2008. The Board adopted a millage rate of 1.000 mils in the North Naples Service Delivery Area taxing unit, or$1.00 for every $1,000 of taxable property value. This millage rate was 10.52 percent more than the rolled back rate (the taxing rate necessary to generate the same Ad Valorem revenue as was generated during the 2022-2023 fiscal year) of 0.9048. The assessed value of the property within the Big Corkscrew Island Service Delivery Area increased 19.5 percent for the 2023-2024 fiscal year as compared to the prior year's assessed value, resulting in an increase in Ad Valorem tax revenues of$2,054,672. The property values in the Big Corkscrew Island Service Delivery Area decreased by 66 percent during the fiscal years 2007-2012, resulting in a decrease in Ad Valorem revenue. Property values have since increased between 2012 and 2024. Through 2022,property value in the Big Corkscrew Island Service Delivery Area was still lower overall than it was in 2007. However, during fiscal year(2022-2023), the property value in the Big Corkscrew Island Service Delivery Area eclipsed previous high in 2007. The 2023-2024 value was 33.3%higher than the value in 2007. The Board adopted a millage rate of 3.75 mils in the Big Corkscrew Island Service Delivery Area taxing unit, or$3.75 for every $1,000 of taxable property value. This millage rate was 10.68 percent more than the rolled back rate (the taxing rate necessary to generate the same Ad Valorem revenue as was generated during the 2022-2023 fiscal year) of 3.3881. Prior to the 2007-2008 fiscal year,the increase in Ad Valorem revenue resulting from the increase in property value was sufficient to provide adequate funds to support operational, capital and reserve financial requirements in the District without increasing the millage rate. Subsequently and with both service delivery areas being funded at their respective millage rates,the District has been able to fund the majority of capital purchases without utilizing reserves. However, this does not include anticipated future construction costs, which will need to be paid for in part using reserves. The following chart identifies the change in appraised property values in the District by service delivery area and the millage rate maintained by the District. BRV 5/2/2025 V 16 11A5 Fund Balance—Governmental Fund Financial Statements The Board of Fire Commissioners' directive is to utilize the fund balance and cash reserves of the General Fund to fund capital purchases and improvements, declared emergency situations, and to maintain the District's financial position. At September 30, 2024, the District had General Fund reserves totaling $31,906,388. This includes the nonspendable amount of$1,596,952 restricted for prepaid expenses, and $30,309,436 for assigned reserves. Assigned reserves have been established and maintained in accordance with anticipated future needs of the District, including operating expenses for the first quarter of the fiscal year prior to the receipt of Ad Valorem revenue, expenditures associated with declared emergencies, and the replacement of capital assets. Additionally, increases in health insurance, and other personnel and operating expenses that require funds to be set aside, or assigned, to prepare for the funding of future expenditures. The following General Fund Assigned Reserves were approved for the fiscal year ended September 30, 2024: Nonspendable Fund Balance Amount General Fund Prepaid Expenses $ 1,596,952 Assigned Fund Balance Amount Operating Reserve— 1st Quarter(Oct-Dec) $ 15,662,997 Emergency Reserve 1,423,183 Health Insurance Claim Reserve 1,173,256 Medical Services Reserve 2,000,000 Station/Growth Management Reserve 4,000,000 Fleet Reserve 5,350,000 Station Improvement Reserve 700,000 Total Assigned Reserves $ 30,309,436 Unassigned Fund Balance Amount General Fund—Unassigned 5 0 Total General Fund Reserves $31,906,388 Impact Fees With the creation of the North Collier Fire Control and Rescue District in January 2015, an impact fee study was performed to establish impact fee rates for the new District. However, that study was not completed and new rates were not adopted until October 1, 2016. Prior year impact fee assessments were based on a structure's square footage. The new rate structure bases fees on structure usage classifications and the methodology utilizes population rather than emergency call volume. These rates using the population- based methodology were updated annually prior to October Pt of each year. However, BRV 5/2/2025 Vi 16 I I A 5 the impact of the change in methodology overall resulted in a decrease in impact fee receipts. Total annual impact fee receipts decreased 66 percent from fiscal year 2015- 2016 to 2019-2020 (from $2,674,309 to $911,074). At the September 24, 2020 Board of Fire Commissioners meeting, the District approved a new impact fee rate structure methodology based on an incident-based approach for the demand component rather than a population-based approach per the impact fee study produced on August 24, 2020. These new rates per the new rate structure became effective January 1, 2021 via Resolution 20-022. Total Impact Fee Fund expenses for the 23-24 fiscal year were $17,268, consisting of Collier County collection fees. For the year ended September 30, 2024, impact fee receipts were $1,051,135 which was $277,012 (or 36%) more than the prior year. For the year ended September 30, 2023, impact fee receipts were $774,123, which was $6,270 less than the previous year. This is primarily attributable to the timing of impact-fee eligible projects being paid to the District versus the change in fee structure. The District still anticipates overall impact fee receipts to increase over the next few years. Inspection Fees The District collected inspection fees of$2,890,032 for the year ended September 30, 2024. Inspection fee revenue for the year ended September 30, 2023 was $2,320,169 representing an increase of$569,863 or 24.6%as compared to inspection fee revenue in the prior fiscal year(2023). In June of 2014, the District terminated its Interlocal Agreement with the Fire Code Official's office to provide fire plan review services and assumed the responsibility for those plan reviews. As a result, $1,460,005 (or 50.5%) of the fund's revenue was attributable to plan review fees. The Inspection Fee Fund had sufficient revenue in the 2023-2024 fiscal year to support all functions associated with new construction inspections and plan reviews and had excess revenues over expenditures by $845,335 during the fiscal year. This increase is primarily attributable to growth momentum in commercial, multi-family construction and similar developments coming into our District. The timing and driver of this growth is also attributable to the COVID pandemic. Many companies and families relocated to southwest Florida, and especially Collier County. There were various construction delays, material and supply- chain constraints during the 2019-2020 fiscal year, which resulted in many of the projects being implemented in the subsequent years. Overall,the Board continues to monitor the volume of new construction projects and the fees necessary to support the associated costs of this growth. Budgetary Highlights Budget versus actual comparisons are reported in the required supplementary information other than management's discussion and analysis on pages 86 through 98 and are reflected by taxing subunit (service delivery area). The amendments to General Fund revenue were necessary to reflect an increase to adjust the current year carryforward to the prior audited balance by net $1,851,399. Capital Assets Non-depreciable capital assets include land and construction in progress. Depreciable assets include buildings, improvements other than buildings, equipment, furniture and vehicles. BRV 5/2/2025 Vll 16 1 1A5 The following is a schedule of the District's capital assets as of September 30, 2023 and 2024. Capital Assets September 30 Capital Assets 2023 2024 Land $12,823,117 $13,034,473 Construction in Progress 2,489,198 2,527,300 Total Capital Assets not Depreciated 15,312,315 15,561,773 Assets Held Under Capital Lease 5,265,867 5,265,867 Buildings 23,133,253 23,161,704 Office Equipment 1,411,628 1,559,526 Vehicles 10,348,068 11,489,633 Equipment& Machinery 3,601,062 3,799,729 Total Capital Assets Being Depreciated 43,759,878 45,276,459 Accumulated Depreciation Assets Held Under Capital Lease (2,998,915) (3,603,914) Buildings (11,662,156) (12,535,772) Office Equipment (1,174,768) (1,231,945) Vehicles (7,476,175) (7,064,939) Equipment& Machinery (2,262,913) (2,362,394) Total Accumulated Depreciation (25,574,927) (26,798,964) Total Capital Assets being Depreciated, Net 18,184,951 18,477,495 Capital Assets—Net of Depreciation 33,497,266 34,039,268 Less: Capital Lease/Note Payables (2,923,542) (2,038,965) Net Assets Invested in Capital Assets Net of Related Debt $30,573,724 $32,000,303 Significant capital asset purchases made during the fiscal year ended September 30, 2024 include: 1. Land purchase totaling $1,569,546, which was actually a"land swap" of the District's Sun Century property for a portion of 14492 Cocohatchee Rd (future site of Station 49). 2. Building improvements (General Fund)totaling $124,229. Additionally,the District paid $60,000 (Construction in Progress)towards the construction of a new dock for Boat 41 which was damaged by the recent hurricane. 3. Vehicles (non-capital lease)totaling$2,162,592 including one (1) golf cart, (1) FireVent mobile unit, one (1) boat trailer, one (1) refurbished pumper,two (2) ambulance/squad units, one (1)water tender truck, one (1) cargo truck and one (1) bunkhouse trailer. BRV 5/2/2025 viii 1 6 I 1 A 5 4. Fire and Rescue Equipment totaling approximately $406,044 including extrication equipment, chest compressor units, radios, drones, power stretchers, "special teams" equipment (HazMat and TRT), ultrasound equipment, etc. 5. Furniture, Fixtures and Equipment totaling approximately $163,923 including bunker gear washers and bunker gear dryers,two (2) embroidery machines, and a backup server. For additional information on the District's capital assets, see Note F on pages 40 and 41. Debt Administration As of September 30, 2024,the District had long term obligations of$42,527,418, as compared to $51,653,138 at September 30, 2023, a decrease of($9,125,720) or(17.7) percent. The decrease is combination of increases totaling $2,331,620 and decreases/adjustments totaling ($11,457,340). The increases are due to the increase in the net OPEB obligation $2,133,002, and an increase in compensated absences totaling $198,618. The decreases/adjustments totaling $11,457,340 were due to decreases in the net Pension Liability (Firefighter Pension Trust) of$9,522,646, decreases in the net Pension Liability of HIS or Health Insurance Subsidies (Firefighter Pension Trust) of $240,417 and FRS (Florida Retirement System)totaling $809,700, and capital lease payments totaling $884,577. That debt consists of: 1. Compensated absences (accrued vacation liability) in the amount of$3,215,460, as compared to $3,016,842 at September 30, 2023. 2. Net OPEB obligation of$13,498,912 as compared to $11,365,910 at September 30, 2023, representing post-employment health insurance obligations pursuant to GASB No. 75. 3. Capital lease for fire apparatus, radio equipment, staff vehicles and heart monitor equipment identified above in the total amount of$2,038,965. This includes the lease to purchase agreement for the three fire engines and one ladder truck was entered into on January 15, 2016,the lease to purchase agreement for video conference equipment was entered into on April 6, 2022, the lease to purchase agreement for radio equipment which was entered into on May 20, 2019, the lease to purchase agreement for six(6) Chevrolet staff vehicles which was entered into on December 12, 2019, the lease to purchase agreement for(33)tempus pro heart monitors which was entered into on December 28, 2020 and the lease to purchase agreement for an aerial truck which was entered into on November 15, 2022. 4. Pension liability (FRS) in the amount of$5,537,556 (see Note G). 5. Pension liability (HIS) in the amount of$1,761,057 (see Note G). 6. Pension liability (Ch. 175) in the amount of$16,475,468 (see Note G). Economic Facts and Next Year's Budget Millage Rates The following factors were being taken into consideration when the fiscal year ending September 30, 2025 budget was prepared: 1. Appraised taxable property values increased by $4,498,739,882, or 9.4 percent for tax year 2024 (FY 2025) in the North Naples service delivery area as compared to an increase of 11.5 percent for tax year 2023 (FY 2024). In the Big Corkscrew service delivery area, taxable property values increased by $445,432,773 or 12.8 percent for tax year 2024 (FY 2025), compared to the increase of 19.5 percent for tax year 2023 (FY 2024). 2. The Board adopted a millage rate of 1.000 mils in the North Naples service delivery area and the "rolled back rate" of 3.5870 mils in the Big Corkscrew service delivery area for the fiscal year ending September 30, 2025. The Board BRV 5/2/2025 ix 1611A5 believes the increase in valuation (at the same millage rate for the North Naples service delivery area and the rolled back rate for the Big Corkscrew service delivery area) is necessary to compensate for future capital funding, personnel growth, and unknown, disaster-related expenditures. The Board has expressed the desire to continue to move towards one unified taxing rate District wide. However, the alternative addition of a non-ad valorem fire fee assessment was not approved by local voters as of the November 2017 elections. Funding mechanisms and millage caps will be analyzed and reviewed by the District on a regular basis to ensure adequate funding. 3. For fiscal year ended September 30, 2025 use of(or decrease in) General Fund reserves is being anticipated and has been budgeted by the Board of Fire Commissioners in the amount of($2,325,938). Capital purchases include various station improvements, fire and medical equipment, communication equipment, computer equipment, logistics equipment, and various fire apparatus. Request for Information This financial report is designed to provide the reader an overview of the District. Questions regarding any information provided in this report should be directed to: Ben Van Klingeren, Chief Financial Officer,North Collier Fire Control & Rescue District, 1885 Veterans Park Drive,Naples, FL 34109, 239-597-1322, e-mail: bvanklingeren@northcollierfire.com. BRV 5/2/2025 x 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 5 of 113 STATEMENT OF NET POSITION September 30,2024 Governmental Activities ASSETS Current assets: Cash and cash equivalents $ 4,914,805 Restricted cash and cash equivalents 3,025,595 Investments 35,652,427 Due from other governments 1,103,856 Other receivables,net 112,443 Operating lease receivable,current 182,854 Right of use-subscription asset-current 210,016 Other assets 1,596,952 46,798,948 Noncurrent assets: Operating lease receivable,net of current portion 2,275,104 Right of use asset(ROU)-operating leases 705,924 Right of use-subscription asset,net of current 369,588 Capital assets: Land 13,034,473 Construction in progress 1,339,000 Equipment in transit 1,188,300 Depreciable buildings,equipment,and vehicles (net of$26,798,964 accumulated depreciation) 18,477,495 Total noncurrent assets 37,389,884 TOTAL ASSETS 84,188,832 DEFERRED OUTFLOWS OF RESOURCES 30,468,012 LIABILITIES Current liabilities: Accounts payable and accrued expenses 3,969,612 Contract deposits 17,500 Unearned revenue 8,575,982 Operating lease liability,current 209,236 Right of use-subscription liability-current 164,009 Current portion of long-term obligations 873,124 Total current liabilities 13,809,463 Noncurrent liabilities: Operating lease liability,net of current 629,351 Right of use-subscription liability,net of current 432,311 Noncurrent portion of long-term obligations 41,654,294 Total noncurrent liabilities 42,715,956 TOTAL LIABILITIES 56,525,419 DEFERRED INFLOWS OF RESOURCES 9,199,612 NET POSITION Net investment in capital assets 32,000,303 Restricted 1,936,596 Unrestricted 14,994,914 TOTAL NET POSITION $ 48,931,813 The accompanying notes are an integral part of this statement. 16 1 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 6 of 113 STATEMENT OF ACTIVITIES Year Ended September 30,2024 Governmental Activities EXPENSES Governmental Activities Public Safety-Fire Protection Personnel services $ 40,559,709 Operating expenses 10,788,260 Depreciation 2,487,407 Interest and fiscal charges 43,620 TOTAL EXPENSES - GOVERNMENTAL ACTIVITIES 53,878,996 PROGRAM REVENUES Charges for services 3,710,603 Operating grants and contributions 354,012 NET PROGRAM EXPENSES 49,814,381 GENERAL REVENUES Ad Valorem taxes 59,315,452 Impact fees - Interest 2,411,753 Gain on disposition of capital assets 264,225 Other 279,190 TOTAL GENERAL REVENUES 62,270,620 INCREASE(DECREASE) IN NET POSITION 12,456,239 NET POSITION- Beginning of the year 36,475,574 NET POSITION-End of the year $ 48,931,813 The accompanying notes are an integral part of this statement. 1 6 I I A ; NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 7 of 113 BALANCE SHEET- GOVERNMENTAL FUNDS September 30,2024 Total General Impact Fee Inspection Fee Governmental Fund Fund Fund Funds ASSETS Cash and cash equivalents $ 4,914,805 $ - $ - $ 4,914,805 Restricted cash and cash equivalents - 974,505 2,051,090 3,025,595 Investments 28,151,762 7,500,665 - 35,652,427 Due from other governments 740,095 90,992 272,769 1,103,856 Due from other funds 290,181 - 9,825 300,006 Other receivables,net 112,443 - - 112,443 Prepaid expenses 1,596,952 - - 1,596,952 TOTAL ASSETS $ 35,806,238 $ 8,566,162 $ 2,333,684 $ 46,706,084 LIABILITIES AND FUND BALANCE LIABILITIES Accounts payable and accrued expenses $ 3,861,343 $ 1,362 $ 106,907 $ 3,969,612 Due to other funds 9,825 - 290,181 300,006 Contract deposits 17,500 - - 17,500 Unearned revenue 11,182 8,564,800 - 8,575,982 TOTAL LIABILITIES 3,899,850 8,566,162 397,088 12,863,100 FUND BALANCE Nonspendable 1,596,952 - - 1,596,952 Restricted - - 1,936,596 1,936,596 Assigned 30,309,436 - - 30,309,436 Unassigned - _ - TOTAL FUND BALANCE 31,906,388 - 1,936,596 33,842,984 TOTAL LIABILITIES AND FUND BALANCE $ 35,806,238 $ 8,566,162 $ 2,333,684 $ 46,706,084 The accompanying notes are an integral part of this statement. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 8 of 113 RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION September 30,2024 Amount Total fund balance of governmental funds $ 33,842,984 Amounts reported for governmental activities in the Statement of Net Position are different because: Lease income received in governmental activities are not financial resources and therefore are not reported in the governmental funds. Operating lease receivable 2,457,958 Assets used in governmental activities are not financial resources and,therefore,are not reported in the governmental funds. Right of Use Asset(ROU)Subscription asset-GASB No.96 579,604 Right of Use Asset(ROU)Operating leases-GASB No.87 705,924 Capital assets not being depreciated: Land 13,034,473 Construction in progress 1,339,000 Equipment in transit 1,188,300 15,561,773 Governmental capital assets being depreciated: Building,equipment and vehicles 45,276,459 Less accumulated depreciation (26,798,964) 18,477,495 Deferred outflows and deferred inflows related to pensions are applied to future periods and,therefore,are not reported in the governmental funds. Deferred outflows-Net OPEB Liability 1,540,903 Deferred outflows-FRS/HIS 1,585,426 Deferred outflows-FPT 27,341,683 30,468,012 Deferred inflows-Net OPEB Liability (1,769,177) Deferred inflows-FRS/HIS (2,369,240) Deferred inflows-FPT (2,762,562) Deferred inflows-Lessor (2,298,633) (9,199,612) Long-term obligations are not due and payable in the current period and,therefore,are not reported in the governmental funds. Net OPEB liability (13,498,912) Net pension liability-FRS (5,537,556) Net pension liability-HIS (1,761,057) Net pension liability-FPT (16,475,468) Financing leases (2,038,965) Compensated absences (3,215,460) (42,527,418) ROU Subscription liability-GASB No.96 (596,320) ROU Operating lease liability-GASB No.87 (838,587) (1,434,907) Elimination of interfund amounts: Due to other funds (300,006) Due from other funds 300.006 Total net position of governmental activities $ 48,931,813 The accompanying notes are an integral part of this statement. t6 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 9 of 1 13 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE - GOVERNMENTAL FUNDS Year Ended September 30,2024 Total General Impact Fee Inspection Fee Governmental Fund Fund Fund Funds REVENUES Ad Valorem taxes $ 59,315,452 $ - $ - $ 59,315,452 Intergovernmental revenue: State firefighter supplement 111,376 - - 111,376 Federal grants 198,197 - - 198,197 Other intergovernmental 44,439 - - 44,439 Charges for services: Inspection fees and other 820,571 - 1,430,027 2,250,598 Plan review fees - - 1,460,005 1,460,005 Impact fees - - - - Miscellaneous: Interest 2,324,711 17,268 7,153 2,349,132 Other 278,810 - - 278,810 TOTAL REVENUES 63,093,556 17,268 2,897,185 66,008,009 EXPENDITURES Current Public safety Personnel services 44,782,316 - 1,937,487 46,719,803 Operating expenditures 10,562,047 17,268 114,363 10,693,678 Capital outlay 4,486,334 - - 4,486,334 Debt service: Principal reduction 884,577 - - 884,577 Interest and fiscal charges 102,741 - - 102,741 TOTAL EXPENDITURES 60,818,015 17,268 2,051,850 62,887,133 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES 2,275,541 - 845,335 3,120,876 OTHER FINANCING SOURCES AND USES Proceeds from financing lease - - - - Proceeds from disposition of capital assets 1,721,150 - - 1,721,150 Transfers in - - - - Transfers out - - - - TOTAL OTHER FINANCING SOURCES AND USES 1,721,150 - - 1,721,150 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES 3,996,691 - 845,335 4,842,026 FUND BALANCE-Beginning of the year 27,909,697 - 1,091,261 29,000,958 FUND BALANCE-End of the year $ 31,906,388 $ - $ 1,936,596 $ 33,842,984 The accompanying notes are an integral part of this statement. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 10 of 113 RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCE OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES Year Ended September 30,2024 Amount Net change(revenues and other financing sources over(under)expenditure: and other financing uses)in fund balance-total governmental fund S 4,842,026 The increase(change)in net position reported for governmental activitie: in the Statement of Activities is different because Governmental funds report rent received as revenues. However,in the Statement of Activities the lease is recorded as a receivable and the revenue is amortized over the lease term. Plus:current year lease revenue 380 Plus:interest earned on lease receivable 62,621 Plus:amortization of deferred inflow of lease receivable - Less:current year SBITA expense (16,716) 46,285 Governmental funds report capital outlays as expenditures. In the Statement of Activities,however,the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. The loss on disposition of capital assets decreases the net position. Plus:expenditures for capital assets 4,486,334 Less:proceeds from disposition of capital assets (1,721,150) Plus:gain on disposition of capital assets 264,225 Less:current year depreciation (2,487,407) 542,002 The issuance of debt is reported as a financing source in governments: funds and thus contributes to the change in fund balance. In the Statement of Net Position,however,issuing debt increases long-tem liabilities and does not affect the Statement of Activities. Similarly,repayment of principal is an expenditure in the governmental funds but reduces the liability in the Statement of Net Position. Borrowings(proceeds from issuance): Less:financing lease-heart monitor: - Repayments(principal retirement): Plus:financing leases 884,577 884,577 Governmental funds report rent paid as expenses. However,in the Statement of Activities the lease is recorded as a liability and the expense is amortized over the lease term. Less:current year lease expense (77,866) Plus:interest paid on lease liability 59,121 Plus:amortization of right of use asset - (18,745) Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore are not reported as expenditures in the governmental funds (Increase)decrease in Net OPEB liability (2,133,002) (Increase)decrease in net pension liability-FRS 809,700 (Increase)decrease in net pension liability-HIS 240,417 (Increase)decrease in net pension liability-FPT 9,522,646 (Increase)decrease in compensated absences (198,618) Increase(decrease)in deferred outflows-OPEB 6,787 (Increase)decrease in deferred inflows-OPEB 345,976 Increase(decrease)in deferred outflows-FRS/HIS (5,912) (Increase)decrease in deferred inflows-FRS/HIS (51,719) Increase(decrease)in deferred outflows-FPT (2,455,032) (Increase)decrease in deferred inflows-FPT 78,851 6,160,094 Increase(decrease)in net position of governmental activitie: S 12,456,239 The accompanying notes are an integral part of this statement. 16 11A 9 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 11 of 113 STATEMENT OF FIDUCIARY NET POSITION -FIDUCIARY FUND September 30,2024 Firefighters' Pension Trust Fund ASSETS Investments,at fair value: Cash and cash equivalents-money market $ 3,779,358 Infrastructure 12,323,274 Equity securities 102,808,431 Fixed income mutual funds- international 8,041,807 U.S. Government bonds 13,294,304 Corporate bonds 10,886,426 Real estate 10,318,570 161,452,170 Prepaid expenses 5,029 Due from District 112,333 Due from other governments- State 668,153 Due from securities sold 80,503 Accrued investment income 185,928 TOTAL ASSETS 162,504,116 LIABILITIES Accounts payable 110,299 TOTAL LIABILITIES 110,299 NET POSITION Restricted for DROP benefits 3,746,038 Restricted for defined pension benefits 158,647,779 TOTAL NET POSITION $ 162,393,817 The accompanying notes are an integral part of this statement. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 12 of 113 STATEMENT OF CHANGES IN FIDUCIARY NET POSITION - FIDUCIARY FUND Year Ended September 30,2024 Firefighters' Pension Trust Fund ADDITIONS Contributions: Employer $ 7,941,482 Plan members-employees 1,412,456 Buybacks 10,457 State of Florida, insurance premiums excise tax 3,336,634 Total contributions 12,701,029 Investment income: Net appreciation(depreciation)including realized gains/losses 20,690,675 Interest and dividends 4,376,196 Total investment income 25,066,871 Less: investment expenses (507,440) Net investment income(loss) 24,559,431 Other income 1,028 TOTAL ADDITIONS 37,261,488 DEDUCTIONS Benefits paid 2,568,309 DROP distributions 1,143,240 Refund of contributions 34,750 Administrative expenses 144,818 TOTAL DEDUCTIONS 3,891,117 NET INCREASE(DECREASE) IN NET POSITION 33,370,371 NET POSITION-BEGINNING 129,023,446 NET POSITION- ENDING $ 162,393,817 The accompanying notes are an integral part of this statement. 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 13 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization North Collier Fire Control and Rescue District(the "District") is an independent special taxing district located in Collier County, Florida. On January 1, 2015, the North Collier Fire Control and Rescue District was officially formed by merging the North Naples Fire Control and Rescue District and the Big Corkscrew Island Fire Control and Rescue District. On February 6, 2014, the two Districts entered into an Interlocal Agreement to merge. Each Board adopted a resolution identifying their intent to initiate the voluntary merger process pursuant to Florida Statute Chapter 189.074. The two Districts created a proposed Joint Merger Plan which was adopted by both Boards and ultimately put before the voters of each District by referendum. On November 4, 2014, voters from both districts approved the referendum to merge the two districts into one. On June 10, 2015, the Governor signed into legislation the official enabling act of the new District via Laws of Florida (LOF) Chapter 2015-191. The merger was intended to ensure the best possible emergency response times, operational efficiencies and ensure long term sustainability of the combined District. There was no impairment of capital assets as the result of the merger, which was effective as of January 1, 2015 and no significant accounting adjustment other than to combine the assets, liabilities and net position/fund balance at January 1, 2015, of both Districts. The District has the general and special powers prescribed by Florida Statute Chapters 189, 191 and 633.15. The District is governed by a five (5) member elected Board of Commissioners. Commissioners serve on a staggered four(4)year term basis. The North Collier Fire Control and Rescue District provides fire control and protection services, fire safety, inspections, code enforcement, fire hydrant maintenance, firefighter training, and crash and fire rescue services as well as basic and advanced life support services. The District serves a portion of Collier County, Florida. In providing these services, the District operates and maintains ten (10) stations and the related equipment and employs approximately 283 full-time professional firefighters and administrative staff including 5 commissioners. During the year ended September 30, 2009,the North Naples Fire Control and Rescue District entered into a joint venture agreement with Florida SouthWestern State College (FSW) for the operation of the North Collier Fire Training Center (NCFTC)to educate and train students as State Certified Firefighters. The North Collier Fire Control and Rescue District is now licensed to operate the NCFTC and FSW is the program coordinator. The District provides the training room and training 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 14 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Organization, continued facilities for the NCFTC. FSW, as program coordinator, is responsible for the operations of the NCFTC including but not limited to the screening and enrolling of students and for screening and engaging instructors. Therefore,the activities of the NCFTC are not included in the District's basic financial statements. Reporting Entity The District adheres to Governmental Accounting Standards Board (GASB) Statement Number 14, "Financial Reporting Entity" (GASB 14), as amended by GASB Statement Number 39, "Determining Whether Certain Organizations Are Component Units" (GASB 39) and GASB Statement Number 61, "The Financial Reporting Omnibus -An Amendment of GASB Statements No. 14 and No. 34" (GASB 61). This Statement requires the basic financial statements of the District(the primary government)to include its component units, if any. A component unit is a legally separate organization for which the elected officials of the primary government are financially accountable. Based on the criteria established in GASB 14, as amended, there are no component units required to be included or included in the District's basic financial statements. Government-wide Financial Statements The government-wide financial statements (i.e.,the Statement of Net Position and the Statement of Activities) report information on all of the activities of the District and do not emphasize fund types. These governmental activities comprise the primary government. Fiduciary funds are properly not included in the government-wide financial statements. General governmental and intergovernmental revenues support the governmental activities. 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 effect of all interfund activity between governmental funds has been removed from the government-wide financial statements. Government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the pension fund financial statements. Under the accrual basis of accounting, revenues, expenses, 16IIA5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 15 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30, 2024 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Government-wide Financial Statements, continued 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" (GASB 33). 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 Statement of Activities 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. Taxes and other items not properly included among program revenues are reported instead as general revenues. Program revenues are considered to be revenues generated by services performed and/or by fees charged such as inspection fees, burn permits, and hydrant tests. Fund Financial Statements The District adheres to GASB Number 54, "Fund Balance Reporting and Governmental Fund Type Definitions" (GASB 54). Essentially, the implementation resulted in adoption of a fund balance policy and reclassification of the components within fund balance. 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 16 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Fund Financial Statements, continued The accounts of the District are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity or net position, revenues, and expenditures or expenses, as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purpose for which they are to be spent and the means by which spending activities are controlled. Fund financial statements for the District's governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually and nonmajor funds in aggregate for governmental funds. The fiduciary fund financial statement includes financial information for the Firefighters' Pension Trust Fund. The fiduciary fund represents assets held by the District in a custodial capacity for the benefit of other individuals. Governmental Funds When both restricted and unrestricted resources are combined in a fund, expenditures are considered to be paid first from restricted resources, as appropriate, and then from unrestricted resources. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. The District's major funds are presented in separate columns on the governmental fund financial statements. The definition of a major fund is one that meets certain criteria set forth in GASB Statement Number 34, "Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments" (GASB 34). The funds that do not meet the criteria of a major fund are considered non-major funds and are combined into a single column on the governmental fund financial statements. Separate financial statements are provided for governmental funds. Major individual governmental funds are reported in separate columns on the fund financial statements. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 17 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Governmental Funds, continued In accordance with the District's enabling documents, separate budgets within the General Fund are maintained for the North Naples (NN) Service Delivery Area (SDA) and the Big Corkscrew Island (BCI) Service Delivery Area(SDA). Separate budgets are required for each service delivery area until such time as when one consistent millage rate is adopted for both service delivery areas. As such, separate service delivery area budget vs. actual comparison statements are included in the required supplementary information and a combining schedule is included in the other information section as the District must ultimately maintain and report a single General Fund. Fiduciary Fund The Pension Trust Fund accounts for the activities of the Firefighters' Pension Trust (FPT) Fund, which accumulates resources for the pension benefit payments to qualified firefighters. The net position of this fund is not considered to be part of the net position of the District and is not available to the District's creditors. Measurement Focus and Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the basic financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. The government-wide and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 18 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Measurement Focus and Basis of Accounting,continued Revenues are considered to be available when they are collectible within the current period and soon enough thereafter to pay liabilities of the current period. For this purpose,the District considers tax revenues to be available if they are collected within sixty days of the end of the current fiscal period. Revenues susceptible to accrual are interest on investments, and intergovernmental revenues. Interest on invested funds is recognized when earned. Intergovernmental revenues that are reimbursements for specific purposes or projects are recognized when all eligibility requirements are met. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. Exceptions to this general rule include: (1) principal and interest on long-term debt, if any, is recognized when due; and (2) expenditures are generally not divided between years by the recording of prepaid expenditures. Separate financial statements are provided for governmental funds and the fiduciary fund, even though the latter are excluded from the government-wide financial statements. Non-current Government Assets/Liabilities GASB 34 requires non-current governmental assets, such as land and buildings, and non-current governmental liabilities, such as notes payable and financing leases, to be reported in the governmental activities column in the government-wide Statement of Net Position. Major Funds The District reports the following major governmental funds: The General Fund is the District's primary operating fund. It accounts for all financial resources of the District(including both service delivery areas), except those required to be accounted for in another fund. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 19 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Major Funds, continued The Impact Fee Fund (the District has one combined Impact Fee Fund) consists of fees imposed and collected by Collier County based on new construction within each service delivery area of the District. The fees are restricted and can only be used for certain capital expenditures associated with growth within the District. Non-Major Fund The District reports the following non-major fund: The Inspection Fee Fund is used by the District to account for the receipt and expenditures of its Inspection and Plan Review Fee Programs. Fees are charged for the inspection of new building construction and for fire code plan review. The fees are collected by Collier County and are remitted to the District. This fund also includes fee per interlocal agreement whereby the District performs inspections for another independent fire district. Fiduciary Fund The Fiduciary Fund is excluded from the government-wide financial statements because the resources of those funds are not available to support the District's programs. The only type of fiduciary fund the District maintains is a Firefighters' Pension Trust Fund, under Florida Statute Chapter 175, which accounts for retirement assets held by the Plan that are payable to certain qualified firefighters upon retirement. Budgetary Information The District has elected to report budgetary comparisons of its major funds and its non-major fund as required supplementary information (RSI). Investments The District adheres to the requirements of GASB Statement Number 31, "Accounting and Financial Reporting for Certain Investments and for External Investment Pools," (GASB 31) in which all investments are reported at fair value. Investments, including restricted investments, consist of certificates of deposit, U.S. Government securities, corporate debt and equity securities, and securities of government agencies unconditionally guaranteed by the U.S. Government. 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 20 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Capital Assets Capital assets,which include land, construction in progress, buildings, equipment and vehicles, are reported in the government-wide Statement of Net Position. The District follows a capitalization policy which calls for capitalization of all capital assets that have a cost or donated value of$5,000 or more and have a useful life in excess of one year. All capital assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated capital assets are valued at their estimated fair market value on the date donated. Public domain (infrastructure)capital assets consisting of certain improvements other than building, including curbs, gutters and drainage systems, are not capitalized, as the District generally does not acquire such assets. No debt-related interest expense is capitalized as part of capital assets in accordance with GASB 34. 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. Expenditures that materially increase values, change capacities or extend useful lives are capitalized. Upon sale or retirement, the cost is eliminated from the respective accounts. Expenditures for capital assets are recorded in the fund statements as current expenditures. However, such expenditures are not reflected as expenditures in the government-wide statements, but rather are capitalized and depreciated. Depreciable capital assets are depreciated using the straight-line method over the following estimated useful lives: Capital Asset Years Buildings 15-30 Capital Assets acquired under Capital Lease 6-10 Office Equipment 3-30 Vehicles 3-10 Equipment and Machinery 3-15 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 21 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30, 2024 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Budgets and Budgetary Accounting The District is required to and did adopt separate annual General Fund budgets for each of the two (2) service delivery areas within the District's General Fund. The District adopted annual budgets for the Special Revenue Funds, including the Impact Fee Fund and the Inspection Fee Fund. No budget was adopted or required to be adopted for the Firefighters' Pension Trust Fund. The District follows these procedures in establishing budgetary data for the General Fund, the Impact Fee Fund, and the Inspection Fee Fund: 1. During the summer of each year, the District Fire Chief submits to the Board of Commissioners a proposed operating budget for the fiscal year commencing on the upcoming October 1. The operating budget includes proposed expenditures and the means of financing them. 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 basic 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. 6. The level of control for appropriations is exercised at the fund level. 7. Appropriations lapse at year-end. 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 22 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30, 2024 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Budgets and Budgetary Accounting, continued Several budget amendments were approved by the Board of Commissioners during the year ended September 30, 2024. Budgeted revenues and expenditures were increased (decreased) as follows: Amount General fund -NN SDA $ 1,253,829 General fund - BCI SDA 597,570 Total General Fund $ 1,851,399 Impact fee fund $ 362,630 Inspection fee fund $ 948,073 Impact Fees/Deferred Revenue The District levies an impact fee on new construction within the District. The intent of the fee is for growth within the District to pay for capital improvements needed due to the growth. The fee is imposed and collected by Collier County and remitted to the District which accounts for impact fees collected by service delivery area. The fee is refundable if not expended by the District within ten (10)years from the date of collection. The District,therefore, records this fee as restricted cash and as unearned revenue until the date of expenditure, at which time it is recognized as revenue and charged to capital outlay in the fund financial statements and capital assets in the government-wide financial statements. Net Position In the government-wide financial statements, net position is identified as restricted when there are externally imposed constraints as to its use, such as through debt covenants, by grantors, or by law. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 23 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Fund Balances The governmental fund financial statements the District maintains include nonspendable, restricted, assigned, and unassigned fund balances. Nonspendable fund balances are those that cannot be spent because they are either(a) not in spendable form or(b) legally or contractually required to be maintained intact. Criteria include items that are not expected to be converted into cash, for example prepaid expenses. Restricted fund balances are those that are restricted by a third party such as inspection fees. Restricted fund balances can only be spent for the stipulated purposes. The District's assigned fund balances are a result of official action of the District's Board. The District's intent is to maintain a minimum assigned fund balance level of three (3) months of budgeted total expenditures. The assigned fund balance includes the District's operational and capital reserves as well as its disaster reserve. At September 30, 2024, fund balance is also assigned for a variety of specific items by District Board action. Any use of the assigned fund balance requires the District's Board approval. Due To/From Other Funds Interfund receivables and payables arise from interfund transactions and are recorded by funds affected in the period in which the transactions are executed. Due From Other Governments No allowance for losses on uncollectible accounts has been recorded since the District considers all amounts to be fully collectible. Indirect Costs Expenses are allocated between service delivery areas on the same line item based upon a Board approved cost allocation plan. For the year ended September 30, 2024, the costs were allocated on a percentage basis of 77.00%to NN SDA and 23.00%to BCI SDA. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 24 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Compensated Absences The District's employees accumulate annual leave based on the number of years of continuous service. Upon termination of employment, employees can receive payment of accumulated annual leave if certain criteria are met. The costs of accumulated annual leave benefits (compensated absences) are expended in the respective operating funds when payments are made to employees. However,the liability for all accrued vacation and personal leave benefits is recorded in the government-wide Statement of Net Position. 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 necessary in order to assure effective budgetary control or to facilitate effective cash planning and control. Management Estimates The preparation of 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 expenditures during the reporting period. Actual results could differ from those estimates. Interfund Transactions The District considers interfund receivables (due from other funds) and interfund payables (due to other funds)to be loan transactions to and from other funds to cover temporary (three months or less) cash needs. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund are recorded as expenditures/expenses in the reimbursing funds and as reduction of expenditures/expenses in the fund that is reimbursed. Such amounts are eliminated in the government-wide financial statements. 16 I 1 c; NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 25 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30, 2024 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Pensions In the government-wide Statement of Net Position, liabilities are recognized for the District's proportionate share of each pension plan's net pension liability. For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Firefighters' Pension Fund (FPF), the Florida Retirement System (FRS) and the Health Insurance Subsidy (HIS) defined benefit plan and additions to/deductions from fiduciary net position have been determined on the same basis as they are reported by the Plans. For this purpose, benefit payments, (including refunds of employees' contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value for the FPF. The District's retirement plans and related amounts are described in a subsequent note. Deferred Outflows/Inflows of Resources In addition to assets, the Statement of Net Position reports a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to future periods and so will not be recognized an as outflow of resources (expense/expenditure) until then. The deferred amount on pensions is reported only in the government-wide Statement of Net Position. The deferred outflows of resources related to pensions and OPEB are discussed in a subsequent note. In addition to liabilities, the Statement of Net Position reports a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period and so will not be recognized as an inflow of resources (revenue) until that time. The deferred amount on pensions is reported only in the government-wide Statement of Net Position. A deferred amount on pension results from the difference in the expected and actual amounts of experience, earnings, and contributions. This amount is deferred and amortized over the service life of all employees that are provided with pensions, operating leases receivable and OPEB through these plans except earnings which are amortized over five to seven years. 16 11A NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 26 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Public-Private and Public-Public Partnerships and Availability Payment Arrangements In March 2020,the GASB issued Statement No. 94 (Public-Private and Public- Public Partnerships and Availability Arrangements) to bring a uniform guidance on how to report public-private and public-public partnership arrangements, will recognize receivables for installment payments, deferred inflows of resources, and, when applicable, capital assets. Operators will recognize liabilities for installment payments and intangible right-to-use assets, and when applicable, deferred outflows of resources and liabilities for assets being transferred. This Statement also provides guidance for accounting and financial reporting for availability payment arrangement in which a government compensates an operator fot services such as designing, constructing, financing, maintaining, or operating an underlying asset for a period of time in an exchange or exchange-like transaction. The provisions of this Statement are effective for the District's financial statements for the year ended September 30, 2023. The District, however, had no arrangements that met this Statement's reporting criteria and/or the related arrangement costs were considered immaterial for the year ended September 30, 2024. Subscription-Based Information Technology Arrangements (SBITAs) In May 2020,the GASB issued Statement No. 96 ( Subscription-Based Information Technology Arrangements (SBITAs)),which defined the SBITAs and provides accounting and financial reporting for SBITAs by governments. This Statement requires a government to recognize a subscription liability and an intangible right-to-use subscription asset for the SBITAs. The provisions of this Statement are effective for the District's financial statements for the year ended September 30, 2023. The District had arrangements that met this Statement's reporting criteria and have reported them as right of use - subscription asset and liability, respectively, on the Government-Wide financial statements for the year ended September 30, 2024. For further discussion see Note S. Reclassifications Certain amounts in the financial statements have been reclassed to conform with the current presentation. These reclassifications had no effect on the results of operations or fund equity. 16 11A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 27 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30, 2024 NOTE A- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Subsequent Events Subsequent events have been evaluated through May 15, 2025, which is the date the basic financial statements were available to be issued. NOTE B - CASH AND CASH EQUIVALENTS Cash and cash equivalents of the primary government(exclusive of the Firefighters' Pension Trust Fund) were $7,940,400 of which $3,025,595 was restricted at September 30, 2024. Total cash and cash equivalents included cash on hand of $1,300 at September 30, 2024. Deposits The District's deposit policy (exclusive of the Firefighters' Pension Fund) allows deposits to be held in demand deposit and money market accounts and is consistent with Florida Statutes, Chapter 218.415(17). All District depositories are institutions designated as qualified depositories by the State Treasurer at September 30, 2024. Deposits consist of the following at September 30, 2024: District Carrying Bank Amount Balance Unrestricted General Fund Depository Accounts $ 4,913,505 $ 5,041,947 Money Market - - Total General Fund $ 4,913,505 $ 5,041,947 Restricted General Fund Depository Accounts $ - $ - Special Revenue Funds Impact Fee Depository Accounts $ 974,505 $ 974,505 Inspection Fee Depository Accounts 2,051,090 2,051,090 Total Special Revenue Funds 3,025,595 3,025,595 Total Restricted Funds $ 3,025,595 $ 3,025,595 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 28 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE B - CASH AND CASH EQUIVALENTS, CONTINUED Deposits,continued The District's deposits were entirely covered by federal depository insurance or by collateral pursuant to the Public Depository Security Act(Florida Statute 280) of the State of Florida. Bank balances approximate market value. The District held no other types of deposits during the year ended September 30, 2024. Restricted Cash and Equivalents The following is a brief description of the restrictions on cash and cash equivalents: The Impact Fee account is used to account for the deposit of impact fees received by both service delivery areas and are restricted for certain capital asset acquisition associated with growth within the District. Impact fees are collected by Collier County for the District pursuant to County ordinance and District resolution. The Inspection Fee account is used to account for inspection fees collected for performing new construction fire inspections within the District. Such revenue is restricted for inspection service related costs. NOTE C - INVESTMENTS District Florida Statutes and the District's investment policy authorize investments in the Florida Fixed Income Trust(FL FIT). Specifically,the District's investment policy is consistent with Florida Statutes, Chapter 218.415(17). At September 30, 2024, the District's investments in the FL FIT-Cash Pool (CP) consist of the following: Fair Value(NAV)/ Cost Carrying Basis Amount General Fund-NN Florida Fixed Income Trust FL FIT-Cash Pool(CP) $ 22,922,912 $ 22,922,912 General Fund-BCI Florida Fixed Income Trust FL FIT-Cash Pool(CP) 5,228,850 5,228,850 $ 28,151,762 $ 28,151,762 Impact Fee Fund Florida Fixed Income Trust FL FIT-Cash Pool(CP) $ 7,500,665 $ 7,500,665 Total investments $ 35,652,427 $ 35,652,427 16 11A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 29 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED District, continued The Florida Fixed Income Trust (FL FIT) Cash Pool (CP)was established in accordance with Florida Statute 163.01 to provide local and state government entities access to diversified, high credit quality strategies for their cash reserves. The Florida Fixed Income Trust(FL FIT) Cash Pool is a floating net asset value (NAV) pool. managed to dollar-in/dollar-out and provides same day liquidity for participants. The Florida Fixed Income Trust (FL FIT) Cash Pool (CP) is an external 2a7-like investment pool, which is self administered. The Florida Fixed Income Trust (FL FIT) Cash Pool (CP) is not categorized as it is not evidenced by securities that exist in physical or book entry form. The Florida Fixed Income Trust(FL FIT) Cash Pool are stated at fair value and strives to keep Net Asset Value (NAV) = $1.00. These investments are subject to the risk that the market value of an investment, collateral protecting a deposit or securities underlying an investment will decline and lose value. FL FIT is not required to register(and has not registered)with the SEC; however, the fund is an external investment pool that has historically adopted operating procedures consistent with those required by Florida Statutes. The District's investment in the Florida Fixed Income Trust(FL FIT) Cash Pool (CP) represented approximately less than 1%of the Fund's total investments. At September 30, 2024, the Cash Pool's investments consisted of the following: 17%with commercial paper; 76%with institutional money market deposits, qualified public deposits and short term bond funds; and 7%with certificates of deposit. These short-term investments are stated at fair value. Investment income is recognized as earned and is allocated to participants of the Fund based on their equity participation. The District adheres to GASB Statement No. 79 but does not meet all such criteria and where the Fund meets the criteria to make GASB Statement No. 31 which requires the following disclosures related to its FL FIT Cash Pool investment: Limitation on Participant Contributions and Withdrawals: FL FIT-Cash Pool has no limitations or restrictions on participant withdrawals,does not charge liquidity fees, and has not put in place a redemption gate. Each participant has the ability to 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 30 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED District, continued withdraw 100 percent of its account balance any business day that the Investment Advisor is open for trading. The Investment Advisor is open for trading, and the funds will settle on the trading date for trades placed prior to 2:00 PM Eastern Time,and trade date plus one business day(T+1)for trades placed after 2:00 PM Eastern Time. Investment Income, Unrealized Gains/Losses, and Realized Gains/Losses: FL FIT-Cash Pool follows industry practice and records security transactions on a trade date basis. Dividend and interest income is recognized on an accrual basis. Net investment income is distributed to participants at least monthly. Unrealized and realized gains and losses, if any, are distributed to participants on a daily and monthly basis. Distributions to participants are recorded on the ex-dividend date. Valuation: Fair value of the investments in the FL FIT-Cash Pool is determined on a daily basis. Fair value increases and decreases are included in the change in unrealized gains and losses during the period. Net realized gains and losses on sales of securities are computed based on specific identification. Mutual fund securities are recorded at fair value as determined by using net position value as furnished by a pricing service and the number of shares owned. Redemption Gates: Per the Administrator there are no redemption gates for the year ended September 30, 2024. Liquidity Fees: Per the Administrator there are no liquidity fees for the year ended September 30, 2024. Redemption Fees: As of September 30, 2024, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant's daily access to 100 percent of their account value. Fair Value: The carrying value of the investments held by the District approximate fair value. However, it is the opinion of the management of Florida Fixed Income Trust(FL FIT) it is exempt from GASB Statement No.72 financial hierarchy disclosures for the year ended September 30, 2024. Foreign Currency Risk: Florida Fixed Income Trust(FL FIT) Cash Pool was not exposed to foreign currency risk for the year ended September 30, 2024. Securities Lending: Florida Fixed Income Trust(FL FIT) Cash Pool did not participate in securities lending program during the period October 1, 2023 through September 30, 2024. 1611A � NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 31 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED District, continued Florida Fixed Income Trust(FL FIT) Cash Pool does provide separate audited financial statements for the year ended June 30, 2024. At September 30, 2024, the District reported Florida Fixed Income Trust(FL FIT) Cash Pool investments of$35,652,427. The Florida Fixed Income Trust(FL FIT) Cash Pool carried a credit rating of AAAf/S 1 by Fitch Rating and had a dollar weighted average days to maturity (WAM) of 50 days at September 30, 2024. The Cash Pool 's current dollar weighted average days to maturity to final (WAL)was 305 days at September 30, 2024. The Cash Pool's duration is as follows: expected target duration 0-5 years, effective duration of.14 years. Rule 2a7 allows funds to use a constant of$1.00 per share. The fund is not currently rated. Firefighters' Pension Plan -Investments Investments held in the Firefighters' Pension Trust Fund (the "Plan")totaled $161,452,170 (including$3,779,358 in cash and cash equivalents, $8,041,807 in international mutual funds, $102,808,431 in equity securities, $24,180,730 in fixed income securities, $12,323,274 in infrastructure, and $10,318,570 in real estate) at September 30, 2024. Such investments are administered in accordance with Firefighters' Pension Board policy. This policy provides for investments in cash and cash equivalents, money markets, mutual funds, equities, treasury notes, federal agency guaranteed securities, corporate bonds, notes and/or equities and real estate. The Firefighters'Pension Trust Fund accounts for resources held to fund the respective firefighter employee pension benefits. The Firefighters' Pension Trust Fund investments were held by a financial and investment institution and are subject to certain insurances up to limits specific to the trustee/custodian institution and retirement trust funds. These assets are subject to loss of principal. Investment Authorization: The Plan's investment policy is determined by the Plan's Board of Trustees. The policy has been designed by the Board to conduct the operations of the Plan in a manner so that the assets will provide the pension and other benefits provided under applicable laws. As such,the policy is designed by the Board to maximize the Plan's asset value, while assuming risk that is consistent with the Board's risk tolerance. The Trustees are authorized to acquire and retain every kind of property (real, personal or 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 32 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan - Investments, continued Investment Authorization, continued: mixed) and every kind of investment specifically including, but not by way of limitation, money markets, mutual funds, bonds, debentures, stocks (preferred or common) and other corporate obligations. Investments are carried at fair value and/or NAV at September 30, 2024. Interest and dividend revenues are recorded as earned. Purchases and sales of investments are recorded on the trade-date basis. Unrealized gains and losses are presented as net appreciation (depreciation) in fair value of investments on the statement of changes in fiduciary net position along with gains and losses realized on sales of investments. Given the inherent nature of investments, it is reasonably possible that changes in the value of those investments will occur in the near term and that such changes could materially affect the amounts reported (loss of principal). Investment in all equity securities shall be limited to those listed on a major U.S. stock exchange and limited to no more than 80%(at market) of the Plan's total asset value. The equity position in any one company shall not exceed 5%of the Plan's total assets at market. Investments in stock of foreign companies shall be limited to 35%of the value of the Plan's total assets at market. The fixed income portfolio shall be comprised of securities with a quality rating of investment grade or higher by a major rating service. Except for Treasury and Agency obligations,the debt portion of the Plan shall contain no more than 10%of a given issuer irrespective of the number of differing issues. The current target allocation at September 30, 2024, of these investments at market is as follows: Investment Long Term Authorized Policy-Target Expected Real Investments Allocation% Rate Return% Domestic Equities 35-55% 7.5% Fixed Income 10-40% 2.5% Real Estate 0-15% 4.5% International Equities 10-25% 8.5% International Fixed Income 0-10% 3.5% Global Tactical Asset/Infrastructure 0-15% 3.5% Cash and Cash Equivalents Minimal Minimal 16I 1A � NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 33 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan - Investments, continued Interest Rate Risk: Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally,the longer the maturity of an investment,the greater the sensitivity of its fair value to change in market interest rates. As a means of limiting its exposure to interest rate risk, the Plan diversifies its investments by security type and institution, and limits holdings in any one type of investment with any one issuer with various durations of maturities. Information about the sensitivity of the fair values of the Plan's fixed income investments to market interest rate fluctuations is provided by the following table that shows the distribution of the Plan's investment by maturity at September 30, 2024: Investment Maturities(in years) Investment Type Fair Value Less than 1 1 to 5 6 to 10 More than 10 Corporate bonds $ 10,886,426 $ 1,209,483 $ 3,411,462 $ 3,850,653 $ 2,414,828 Mutual funds-Int'l 8,041,807 - 5,433,849 3,622,834 (1,014,876) U.S.Agencies 9,840,559 - 253,702 39,738 9,547,119 U.S.Treasuries 3,453,745 - 619,843 799,233 2,034,669 $ 32,222,537 $ 1,209,483 $ 9,718,856 $ 8,312,458 $ 12,981,740 Credit Risk: Credit risk is the risk that a security or a portfolio will lose some or all of its value due to a real or perceived change in the ability of the issuer to repay its debt. The Plan's investment policy utilizes portfolio diversification in an effort to mitigate this risk. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 34 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan -Investments, continued Credit Risk, continued: The following table discloses credit rating by fixed income investment type at September 30, 2024, if applicable: Fair Percentage of Value Portfolio Quality rating of credit risk debt securities A $ 168,878 0.10% Al 438,465 0.27% A2 1,791,274 1.11% A3 2,157,150 1.34% AA 476,075 0.29% Aal 93,429 0.06% Aa2 138,937 0.09% Aa3 115,338 0.07% AAA 6,093,180 3.77% B 28,951 0.02% Bal 59,261 0.04% Baal 2,941,679 1.82% Baa2 1,685,080 1.04% Baa3 1,255,238 0.78% BB 165,661 0.10% BBB 4,515,475 2.80% Unrated government securities* 10,098,466 6.25% Total credit risk debt securities $ 32,222,537 19.96% * Obligations of the U.S. government or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk and do not have purchase limitations. Concentration of Credit Risk: The investment policy of the Plan contains limitations on the amount that can be invested in any one equity issuer as well as maximum portfolio allocation percentages. As of September 30, 2024, investment in the following mutual funds represented more than 5%of the Plan's net position: Pimco Global Bonds Opps (5.0%), DFA International Value (7.7%), Fidelity Large Cap Growth Index (7.8%), H000d River Small Cap Growth Open End (7.6%), JP Morgan Equity Income Fund(8.6%), Vanguard 500 Index Funds (17.3%) and American Europacific Growth Funds (7.6%). As of September 30, 2024, investment in the following real estate fund represented more than 5%of the Plan's net position: U.S. Real Estate Investment Fund, LLC (6.4%). In addition, the Plan contains limitations on the amount that can 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 35 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan - Investments, continued Concentration of Credit Risk, continued: be invested in any one debt issuer, except for the debt securities issued by the U.S. Government. The Investment policy limits the foreign investments to no more than 35%of the Plan's investment balance. As of September 30, 2024, the foreign investments were 21%of total investments. Custodial Credit Risk: This is the risk that in the event of the failure of the counterparty, the Plan will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. This risk is generally measured by the assignment of a rating by a nationally recognized statistical rating organization. Consistent with the Plan's investment policy,the investments are held by the Plan's custodial bank and registered in the Plan's name. Foreign Currency Risk: This is the risk that fluctuations in currency exchange rate may affect transactions conducted in currencies other than U.S. Dollars and the carrying value of foreign investments. The Plan's primary exposure to foreign currency risk is derived from its direct investments in international equity and fixed income mutual funds. The Plan owns shares in international equity and international bond funds. In accordance with the Plan's investment policy statement,the US equity and fixed income separate account managers may invest in individual securities designated as foreign as part of the normal course of the investment process. The individual foreign securities may be American Depository Receipts, or NYSE common stock, both transacted in US dollars, or foreign ordinary securities transacted in foreign currency. The investment policy limits the foreign investments to no more than 35%of the Plan's investment balance in equities and no more than 10% in fixed income. As of September 30, 2024,the Plan's exposure to foreign currency risk related to foreign equity funds and bonds is approximately 21%of the portfolio. 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 36 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan -Investments,continued Fair Value Measurements: Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Plan categorizes its fair value measurements within the fair value hierarchy as established by generally accepted accounting principles. The fail value hierarchy categorizes the inputs to valuation techniques used to measure fair value into three levels based on the extent to which inputs used in measuring fair value are observable in the market as follows: Level 1 - Inputs to the valuation methodology are based upon quoted prices for identical assets in active markets. Level 2 - Inputs to the valuation methodology are based upon observable inputs for the assets either directly or indirectly, other than those considered Level 1 inputs. which may include quoted prices for identical assets in markets that are not considered to be active, and quoted prices of similar assets in active or inactive markets. Level 3 - Inputs to the valuation methodology are based upon unobservable inputs. Following is a description of the valuation methodologies used for asset measured at fair value. Common stock: Valued at the closing price reported on the New York Stock Exchange. Government securities: Valued using pricing models maximizing the use of observable inputs for similar securities. Mutual funds: Valued at the daily closing price as reported by the Plan. Mutual funds held by the Plan are open-ended mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (NAV) and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded. Corporate bonds: Valued using pricing models maximizing the use of observable inputs for similar securities. This includes basing the value on yields currently available on comparable securities of issuers with similar credit ratings. When quoted prices are not available for identical or similar bonds, the bond is valued under a discounted cash flows approach that maximizes observable inputs, such 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 37 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan -Investments, continued Fair Value Measurements, continued: as current yield of similar instruments, but included adjustments for certain risks that may not be observable, such as credit and liquidity risks or a broker quote, if available. Real estate: Valued at the net asset value of shares held by the Plan at year end. The Plan has investments in private market real estate investments for which no liquid public market exists. Money market funds: Valued at the floating net asset value (NAV) of shares held by the Plan at year end. The following table presents the Plan's fair value hierarchy for investments at fair value as of September 30, 2024: Fair Value Measurements Using Quoted Prices in Significant Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Leven) (Level 2) (Level 3) Investments by fair value level Equity securities: Common stocks $ 10,848,548 $ 10,848,548 $ - $ - Foreign stocks 273,375 273,375 - - Domestic equity mutual funds 66,975,568 - 66,975,568 - International equity mutual funds 24,710,940 - 24,710,940 - REIT - - - - Total equity securities 102,808,431 11,121,923 91,686,508 - Debt securities U.S.treasury securities 3,453,745 1,419,075 2,034,670 - U.S.agency securities 9,840,559 - 9,840,559 - Corporate bonds 10,886,426 - 10,886,426 - Fixed income mutual funds-int'l 8,041,807 - 8,041,807 - Total debt securities 32,222,537 1,419,075 30,803,462 - Total investments by fair value 135,030,968 $ 12,540,998 $ 122,489,970 $ - Investments measured at the net asset value(NAV) * Real estate fund 10,318,570 Infrastructure 12,323,274 Total investment measured at NAV 22,641,844 Money market funds(exempt) 3,779,358 Total investments $ 161,452,170 * As required by GAAP,certain investments have not been classified in the fair value hierarchy. The fair value amounts presented in the previous table are intended to permit reconciliation for the fair value hierarchy to the total investment line item in the Statement of Fiduciary Net Position. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 38 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE C - INVESTMENTS, CONTINUED Firefighters' Pension Plan -Investments, continued Fair Value Measurements, continued: The following table summarizes investment for which fair value is measured using the net asset value per share practical expedient, including their related unfunded commitments and redemption restrictions: Investments measured at the NAV Redemption Unfunded Frequency(if Redemption Fair Value Commitments Currently Eligible) Notice Period Real estate fund(1) $ 10,318,570 $ - Quarterly 90 Days Infrastructure(2) 12,323,274 - Quarterly 90 Days $ 22,641,844 $ - (1)Real estate fund: The fund is an open-ended real estate investment fund investing primarily in core institutional office,retail,industrial,and multi-family properties located throughout the United States. The investment is valued at NAV and its redemption must be received by the fund 90 days prior to quarter end. (2)Infrastructure: Brookfiled Super-Core Infrastructure Partners is an infrastructure core fund co-managed by Brookfield Corporation,and Brookfield Public Securities Group. The fund is located in Toronto,Canada. The fund targets transportation,telecommunication,power,renewable energy assets and infrastructure sectors. NOTE D - DUE TO/FROM OTHER FUNDS Interfund receivables and payables at September 30, 2024, are as follows: Due from Due to Fund Other Funds Other Funds General Fund: Impact Fee Fund $ - $ Inspection Fee Fund 290,181 9,825 Total General Fund 290,181 9,825 Special Revenue Funds: Impact Fee Fund General Fund - - Inspection Fee fund - - Inspection Fee Fund General Fund 9,825 290,181 Impact Fee Fund - - Total Special Revenue Funds 9,825 290,181 Total $ 300,006 $ 300,006 Interfund receivables and payables were eliminated for presentation purposes in the Statement of Net Position at September 30, 2024. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 39 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE E - LEASES RECEIVABLE The District entered into operating lease agreements to lease certain buildings and land owned by the District. The lease agreements qualify as other than short-term leases under GASB Statement No. 87 and, therefore, this District has implemented GASB Statement No. 87. As such,these lease agreements have been recorded at the present value of the future minimum lease payments as of the date of their inception. The leases receivable are measured at discount rates ranging from 1.48% to 5.12%. The future minimum lease rental income as of September 30, 2024 is as follows: Years Ending Lease September 30 Receivable Interest Total 2025 $ 182,854 $ 67,270 $ 250,124 2026 187,563 59,507 247,070 2027 52,093 54,598 106,691 2028 47,085 53,593 100,678 2029 49,651 52,557 102,208 2030-2034 256,944 545,448 802,392 2035-2039 344,673 210,248 554,921 2040-2044 487,683 159,773 647,456 2045-2049 361,553 99,500 461,053 2050-2054 281,177 69,688 350,865 2055-2059 385,006 36,032 421,038 2060-2061 145,981 2,620 148,601 $ 2,782,263 $ 1,410,834 $ 4,193,097 Lease income recognized during the year ended September 30, 2024 was $167,202. The current year lease revenue (and actual payments received)was $166,822 for the year ended September 30, 2024, including interest income of$62,621. The unamortized lease deferred inflow balance was $2,622,938 at September 30, 2024 and the remaining lease receivable (ROU)was $2,782,263 at September 30, 2024. The amortization of the lease receivable for the year ended September 30, 2024 was $167,202. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 40 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE F - CAPITAL ASSETS ACTIVITY The following is a summary of changes in capital assets activity for the year ended September 30, 2024: Balance Balance October 1 Increases/ Decreases/ Adjustments/ September 30 2023 Additions Retirements Reclassifications 2024 Capital Assets Not Being Depreciated: Land $ 12,823,117 $ 1,569,546 $(1,358,190) $ - $13,034,473 Construction in progress 1,300,898 60,000 (21,898) - 1,339,000 Equipment in Transit 1,188,300 - - - 1,188,300 Total Capital Assets Not Being Depreciated 15,312,315 1,629,546 (1,380,088) - 15,561,773 Capital Assets Being Depreciated: Assets held under financing lease 5,265,867 - - - 5,265,867 Buildings 23,133,253 124,229 (95,778) - 23,161,704 Office equipment 1,411,628 163,923 (16,025) - 1,559,526 Vehicles 10,348,068 2,162,592 (1,021,027) - 11,489,633 Equipment&machinery 3,601,062 406,044 (207,377) - 3,799,729 Total Capital Assets Being Depreciated 43,759,878 2,856,788 (1,340,207) - 45,276,459 Less Accumulated Depreciation: Assets held under financing leas( (2,998,915) (604,999) - - (3,603,914) Buildings (11,662,156) (900,285) 26,669 - (12,535,772) Office equipment (1,174,768) (66,262) 9,085 - (1,231,945) Vehicles (7,476,175) (609,791) 1,021,027 - (7,064,939) Equipment&machinery (2,262,913) (306,070) 206,589 - (2,362,394) Total Accumulated Depreciation (25,574,927) (2,487,407) 1,263,370 - (26,798,964) Total Capital Assets being Depreciated,Net 18,184,951 369,381 (76,837) - 18,477,495 Capital Assets,Net $ 33,497,266 $ 1,998,927 $(1,456,925) $ - 34,039,268 Related Debt (2,038,965) Net investment in capital assets $32,000,303 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 41 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE F- CAPITAL ASSETS ACTIVITY, CONTINUED Depreciation expense was charged to the following functions during the year ended September 30,2024: Amount General Government Total Depreciation Expense $2,487,407 The District has financing assets held under financing leases with a total cost of $5,265,867 at September 30,2024. The financing assets held under financing lease has accumulated depreciation of$3,603,914 and depreciation expense of$604,999 (included in total depreciation expense)for the year ended September 30,2024. NOTE G - LONG-TERM OBLIGATIONS The following is a summary of changes in long-term obligations for the year ended September 30,2024: Balance Retirements Balance Amounts October 1 and September 30 Due Within 2023 Additions Adjustments 2024 One Year Net OPEB Liability $ 11,365,910 $ 2,133,002 $ - $ 13,498,912 $Net Pension Liability-FRS 6,347,256 - (809,700) 5,537,556 Net Pension Liability-HIS 2,001,474 - (240,417) 1,761,057 Net Pension Liability-FPT 25,998,114 - (9,522,646) 16,475,468 - Financing Leases 2,923,542 - (884,577) 2,038,965 873,124 Compensated Absences 3,016,842 198,618 - 3,215,460 - $ 51,653,138 $ 2,331,620 $ (11.457.340) $ 42,527,418 $ 873,124 The following is a summary of long-term obligations at September 30,2024: Amount Net OPEB liability-actuarially determined-GASB No.75 $ 13,498,912 Net pension liability-FRS pension plan. This amount is actuarially determined through calculation based upon the audited financial statements of the Florida FRS Plan. 5,537,556 Net pension liability-HIS plan. This amount is actuarially determined through calculation based upon the audited financial statements of the Florida FRS Plan. 1,761,057 Net pension liability-Firefighters'Pension Trust(FPT)plan. This amount is actuarially determined through calculation based upon the audited financial statements of the FPT Plan. 16,475,468 16l1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 42 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE G - LONG-TERM OBLIGATIONS, CONTINUED Amount $1,106,574 financing lease payable dated December 28,2020,for heart monitor equipment to a financial institution over a 60 month period beginning December 28,2020 and ending December 28,2025,in equal monthly payments of$22,543 at 1.9%. The lease is collateralized by the respective equipment. 286,568 $445,486 financing lease payable dated May 20,2019,for radio equipment to a financial institution over a 7 year period ending June 1,2026,in equal annual payments of$77,900 at a 5.2%fixed interest rate. The lease is collateralized by the respective equipment. 144,183 $207,812 financing lease payable dated December 12,2019,for six staff vehicles to a financial institution over a 5 year period ending December 31,2024,in equal monthly payments of$3,918 at a 5.14%fixed interest rate. The lease is collateralized by the 7,786 respective equipment. $2,546,268 financing lease payable dated January 15,2016,for one(1)ladder truck and three(3)pumper trucks payable to a financial institution in ten(10)annual payments of $295,233 ending December 14,2025,including interest at 2.822%.The lease is collateralized by the respective trucks. 566,379 $183,476 financing lease payable dated April 6,2022,with principal payments beginning November,2022,for a video conference/communications system payable to a financial institution in three(3)annual payments of$61,159 ending November 6,2024,including interest at 0%.The lease is collateralized by the respective equipment. 61,158 $1,188,300 financing lease payable dated November 15,2022,for an aerial truck to a financial institution over a 5 year period ending November 15,2027,in equal annual payments of$273,838 including interest at 4.92%fixed interest rate.The lease is collateralized by the respective aerial truck. 972,891 Non-current portion of compensated absences. Employees of the District are entitled to paid vacation based on length of service and job classification.(Combined SDA) 3,215,460 42,527,418 Less Current Portion (873,124) Long-Term Portion $ 41,654,294 The annual debt service requirements at September 30,2024,were as follows: Financing Financing Financing Financing Financing Financing Years Ending Leases Payable Leases Payable Leases Payable Leases Payable Leases Payable Leases Payable Total September 30 Principal(1) Principal(1) Principal(1) Principal(1) Principal(I) Principal(1) Principal 2025 $ 228,709 $ 70,221 $ 7,786 $ 279,249 $ 61,158 $ 226,001 $ 873,124 2026 57,859 73,962 - 287,130 - 237,113 656,064 2027 - - - - - 248,772 248,772 2028 - - - - - 261,005 261,005 2029 $ 286,568 $ 144,183 $ 7,786 $ 566,379 $ 61,158 $ 972,891 2,038,965 Net OPEB Liability 13,498,912 Net Pension Liability-FRS 5,537,556 Net Pension Liability-HIS 1,761,057 Net Pension Liability-FPT 16,475,468 Compensated absences 3,215,460 Total long-term debt $ 42,527,418 (1)Debt service paid through General Fund (2)Debt service paid through Impact Fee Fund Interest expense for the year ended September 30,2024,was$102,741 including interest expense on financing leases. 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 43 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS The following three retirement plans have been established by the District: Plan 1 - Florida Retirement System(FRS) including HIS Plan 2 - Firefighters' Pension Trust Fund (Florida Statute 175) Plan 3 - 401(a) Plan Employee participation in a specific plan is based on the respective employee's original hire date. General Information about the Florida Retirement System The Florida Retirement System ("FRS")was created in Chapter 121, Florida Statutes. The FRS was created to provide a defined benefit pension plan ("Pension Plan") for participating public employees. All District employees are participants in the Statewide Florida Retirement System (FRS) under authority of Article X, Section 14 of the State Constitution and Florida Statutes, Chapters 112 and 121. The FRS was amended in 1998 to add the Deferred Retirement Option Program ("DROP") under the defined benefit plan and amended in 2000 to provide an integrated defined contribution plan alternative to the defined benefit plan for FRS members effective July 1, 2002. This integrated defined contribution pension plan is the FRS Investment Plan. Chapter 112, Florida Statutes, established the Retiree Health Insurance Subsidy (HIS) Program, a separate cost-sharing, multiple-employer defined benefit pension plan to assist retired members of any State-administered retirement system in paying the costs of health insurance. Essentially all regular employees of the District are eligible to enroll as members of the State-administered FRS except those already participating in Plan 2. Provisions relating to the FRS are established by Chapters 121 and 122, Florida Statutes; Chapter 112, Part IV, Florida Statutes; Chapter 238, Florida Statutes; and Florida Retirement System Rules, Chapter 60S, Florida Administrative Code; wherein eligibility, contributions, and benefits are defined and described in detail. Such provisions may be amended at any time by further action from the Florida Legislature. The FRS is a single retirement system administered by the Florida Department of Management Services, Division of Retirement, and consists of two cost-sharing, multiple-employer defined benefit plans (Pension and HIS Plans) and other nonintegrated programs. A comprehensive annual financial report of the FRS, which includes its financial statements, required supplementary information, actuarial report, and other relevant information dated June 30, 2024, is available from the Florida Department of Management Services' Website (www.dms.myflorida.com). 16 1 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 44 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED General Information about the Florida Retirement System,continued The District's total FRS and HIS pension expense (credit)was $45,336 for the year ended September 30, 2024, and is recorded in the government-wide financial statements. Total District actual FRS and HIS retirement contribution expenditures were $1,037,822, $982,522 and $879,863 for the years ended September 30, 2024, 2023 and 2022, respectively. The District contributed 100% of the required contributions. FRS Pension Plan Plan Description. The FRS Pension Plan ("Plan") is a cost-sharing, multiple- employer defined benefit pension plan,with a Deferred Retirement Option Program (DROP) for eligible employees. The general classes of membership are as follows: Regular Class- Members of the FRS who do not qualify for membership in the other classes. Senior Management Service Class(SMSC)-Members in senior management level positions. Special Risk Class- Members who are employed as certified firefighters and meet the criteria to qualify for this class. Elected Officials- Members who are elected by the voters within the District boundaries. Employees enrolled in the Plan prior to July 1, 2011, vest at six years of creditable service and employees enrolled in the Plan on or after July 1, 2011, vest at eight years of creditable service. All vested members, enrolled prior to July 1, 2011, are eligible for normal retirement benefits at age 62 or at any age after 30 years of service, except for those members classified as special risk who are eligible for normal retirement benefits at age 55 and 6 years of service or at any age after 25 years of service. All members enrolled in the Plan on or after July 1, 2011, once vested, are eligible for normal retirement benefits at age 65 or 8 years of service or any time after 33 years of creditable service, except for members classified as special risk who are eligible for normal retirement benefits at age 60 with 8 years of service or at any age after 30 years of service. However, effective July 1, 2023, for special risk who enrolled on or after July 1, 2011, normal retirement date changed to the earlier of 25 years of creditable service or age 55 and 6 years of service. Members of both Plans(Pension may include up to 4 years of credit for military service toward creditable service.) 16 11A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 45 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED FRS Pension Plan,continued The Plan also includes an early retirement provision; however,there is a benefit reduction for each year a member retires before his or her normal retirement date. The Plan provides retirement, disability, death benefits, and annual cost of living adjustments to eligible participants. DROP, subject to provisions of Section 121.091, Florida Statutes, permits employees eligible for normal retirement under the Plan to defer receipt of monthly benefit payments while continuing employment with an FRS employer. An employee may elect to participate in DROP within twelve months of reaching normal retirement date for a period not to exceed 60 months after electing to participate. Effective July 1, 2023, an employee may participate in DROP for a period not to exceed 96 months (8 years) after electing to participate except for certain instructional personnel who can participate for 120 months. During the period of DROP participates, deferred monthly benefits are held in the FRS trust fund and accrue interest. Interest accrues at 4% on DROP accumulation held on or after July 1, 2023, and at 1.3% prior. The net position liability does not include amounts for DROP participants, as these members are considered retired and are not accruing additional pension benefits. The restricted 12 month election window was removed. Participants may elect to enter DROP at anytime after becoming fully vested and reaching normal retirement age. During the period of DROP participation, deferred monthly benefits are held in the FRS Trust Fund and accrue interest. The net pension liability does not include amounts for DROP participants, as these members are considered retired and are not accruing additional pension benefits. Benefits Provided. Benefits under the Plan are computed on the basis of age, and/or years of service, average final compensation, and credit service. Credit for each year of service is expressed as a percentage of the average final compensation. For members initially enrolled before July 1, 2011,the average final compensation is the average of the five highest fiscal years' earnings; for the members initially enrolled on or after July 1, 2011,the average final compensation is the average of the eight highest fiscal years' earnings. The total percentage value of the benefit received is determined by calculating the total value of all service, which is based on retirement plan and/or the class to which the member belonged when the service credit was earned. Members are eligible for in-line-of-duty or regular disability and survivors' benefits. The following chart shows the percentage value of each year of service credit earned: 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 46 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED FRS Pension Plan, continued Class,Initial Enrollment,and Retirement Age/Years of Service %Value Regular Class and elected members initially enrolled before July 1,2011 Retirement up to age 62,or up to 30 years of service 1.60 Retirement at age 63 or with 31 years of service 1.63 Retirement at age 64 or with 32 years of service 1.65 Retirement at age 65 or with 33 or more years of service 1.68 Regular Class and elected members initially enrolled on or after July 1,2011 Retirement up to age 65 or up to 33 years of service 1.60 Retirement at age 66 or with 34 years of service 1.63 Retirement at age 67 or with 35 years of service 1.65 Retirement at age 68 or with 36 or more years of service 1.68 Special Risk Regular Service from December 1,1970 through September 30,1974 2.00 Service on or after October 1,1974 3.00 Senior Management Service Class 2.00 Elected Officers'Class 3.00 As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the FRS before July 1, 2011, and all service credit was accrued before July 1, 2011, the annual cost-of-living adjustment is 3 percent per year. If the member is initially enrolled before July 1, 2011, and has service credit on or after July 1, 2011,there is an individually calculated cost-of-living adjustment. The annual cost-of-living adjustment is a proportion of 3 percent determined by dividing the sum of the pre-July 2011 service credit by the total service credit at retirement multiplied by 3 percent. Plan members initially enrolled on or after July 1,2011,will not have a cost-of-living adjustment after retirement. Contributions. The Florida Legislature establishes contribution rates for participating employers and employees. Contribution rates during the year ended September 30, 2024 were as follows: Percent of Gross Salary* Class(1) Employee Employer(2) Employer(3) Florida Retirement System,Regular 3.00 13.63 13.57 Florida Retirement System,Senior Management Service 3.00 34.52 34.52 Florida Retirement System,Special Risk 3.00 32.79 32.67 Deferred Retirement Option Program-Applicable to Members from All of the Above Classes 0.00 21.13 21.13 Florida Retirement System,Reemployed Retiree (2) N/A N/A Florida Retirement System,Elected Official 3.00 58.68 58.68 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 47 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30, 2024 NOTE H - RETIREMENT PLANS, CONTINUED FRS Pension Plan, continued Notes: (1) Contribution rates are dependent upon retirement class in which reemployed. (2) Employer rates include 2.0 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/24-6/30/25. (3) Employer rates include 2.0 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/23-6/30/24. * As defined by the Plan. Pension Liabilities, Pension Expense,Deferred Outflows of Resources and Deferred Inflows of Resources Related to the Pension Plan. At September 30, 2024, the District reported an FRS pension liability of$5,537,556 for its proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2024, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2024. The District's proportionate share of the net pension liability was based on the District's 2023-24 fiscal year contributions relative to the total 2023-24 fiscal year contributions of all participating members. At September 30, 2024, the District's proportionate share was .014314588 percent, which was a decrease of.001614546 percent from its proportionate share measure as of September 30, 2023. For the year ended September 30, 2024, the District recognized FRS pension expense (credit) of$42,616. In addition,the District reported deferred outflows of resources and deferred inflows of resources related to the pension from the following sources: Deferred Outflows Deferred Inflows Description of Resources of Resources Differences between expected and actual experience $ 559,442 $ - Change of assumptions 758,974 Net difference between projected and actual earnings on pension plan investments - 368,055 Changes in proportion and differences between District contributions and proportionate share of contributions - 1,425,286 District contributions subsequent to the measurement date 193,621 - Total $ 1,512,037 $ 1,793,341 16 1 1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 48 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED FRS Pension Plan, continued The deferred outflows of resources related to the FRS pension,totaling $193,621 resulting from District contributions subsequent to the measurement date, will be recognized as a reduction on the net pension liability in the fiscal year ended September 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to the pension will be recognized in pension expense over the remaining service period of 5.3 years as follows: Fiscal Years Ending September 30 Amount 2025 $ (116,867) 2026 (116,867) 2027 (116,867) 2028 (116,866) 2029 (24,853) Thereafter 17,395 Total $ (474,925) Actuarial Assumptions. The total pension liability in the July 1, 2024, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Valuation Date July 1, 2024 Measurement date June 30, 2024 Inflation 2.40 percent Real payroll growth 1.1 percent Salary increases 3.50 percent, average, including inflation Investment rate of return 6.70 percent, net of pension plan investment expense, including inflation Actuarial cost method Individual entry age Mortality rates were based on the Generational PUB-2010 with Projection Scale MP-2021. The actuarial assumptions used in the July 1, 2024, valuation were based on the results of an actuarial experience study for the period July 1, 2018 through June 30, 2023. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 49 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED FRS Pension Plan, continued The long-term expected rate of return on pension plan investments was not based on historical returns, but instead is based on a forward-looking capital market economic model. The allocation policy's description of each asset class was used to map the target allocation to the asset classes shown below. Each asset class assumption is based on a consistent set of underlying assumptions, and includes an adjustment for the inflation assumption. The target allocation and best estimates of arithmetic and geometric real rates of return for each major asset class are summarized in the following table: Compound Annual Annual Target Arithmetic (Geometric) Standard Asset Class Allocation(1) Return Return Deviation Cash 1.0% 3.3% 3.3% 1.1% Fixed income 29.0% 5.7% 5.6% 3.9% Global equity 45.0% 8.6% 7.0% 18.2% Real estate(property) 12.0% 8.1% 6.8% 16.6% Private equity 11.0% 12.4% 8.8% 28.4% Strategic investments 2.0% 6.6% 6.2% 8.7% Total 100.0% Assumed inflation-Mean 2.4% 1.5% (1)As outlined in the Plan's investment policy Money-weighted Rate of Return. The annual money-weighted rate of return on FRS Pension Plan investments for the year ended June 30, 2024 was 10.33%. Discount Rate. The discount rate used to measure the total pension liability was 6.70 percent. The Plan's fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore,the discount rate for calculating the total pension liability is equal to the long-term expected rate of return. 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 50 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED FRS Pension Plan, continued Sensitivity of the District's Proportionate Share of the Net Pension Liability to Changes in the Discount Rate. The following presents the District's proportionate share of the net pension liability calculated using the discount rate of 6.70 percent which was reduced from 6.80%, as well as what the District's proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower(5.70 percent) or 1-percentage-point higher(7.70 percent)than the current rate: 1% Current 1% Decrease Discount Rate Increase (5.70%) (6.70%) (7.70%) District's proportionate share of the net pension liability $ 9,740,367 $ 5,537,556 $ 2,016,810 Pension Plan Fiduciary Net Position. Detailed information about the pension plan's fiduciary net position is available in the separately issued FRS Pension Plan and Other State Administered Systems Comprehensive Annual Financial Report(FRS "CAFR") dated June 30, 2024. The FRS CAFR and actuarial reports may also be obtained by contacting the Division of Retirement at: Department of Management Services Division of Retirement Bureau of Research and Member Communications P.O. Box 9000 Tallahassee, FL 32315-9000 850-488-5706 or toll free at 877-377-1737 http://www.dms.myflorida.com/workforce operations/retirement/publications Payables to the Pension Plan. At September 30, 2024, the District reported a payable of$42,631 for the outstanding amount of contributions in the Pension Plan. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 51 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED HIS Plan Plan Description. The Health Insurance Subsidy Plan ("HIS Plan") is a cost-sharing multiple-employer defined benefit pension plan established under Section 112.363, Florida Statutes. The benefit is a monthly payment to assist retirees of State-administered retirement systems in paying their health insurance costs and is administered by the Division of Retirement within the Florida Department of Management Services. Benefits Provided. Prior to July 1, 2023, eligible retirees and beneficiaries received a monthly HIS payment equal to the number of years of creditable service completed at the time of retirement multiplied by $5. The payments are at least $30 but not more than $150 per month, pursuant to Section 112.363, Florida Statutes. Subsequent to July 1, 2023, eligible retirees and beneficiaries receive $7.50 for each year of service monthly. Maximum benefit is $225 per month or$2,700 annually. To be eligible to receive a HIS Plan benefit, a retiree under a State-administered retirement system must provide proof of health insurance coverage, which can include Medicare. Contributions. The HIS Plan is funded by required contributions from FRS participating employers as set by the Florida Legislature. Employer contributions are a percentage of gross compensation for all active FRS members. Prior to July 1, 2023, the contribution rate was 1.66 percent of payroll pursuant to Section 112.363, Florida Statutes. Subsequent to July 1, 2023, the rate was 2.00%. The District contributed 100 percent of its statutorily required contributions for the current and preceding three years. HIS Plan contributions are deposited in a separate trust fund from which HIS payments are authorized. HIS Plan benefits are not guaranteed and are subject to annual legislative appropriation. In the event the legislative appropriation or available funds fail to provide full subsidy benefits to all participants, benefits may be reduced or cancelled. Pension Liabilities, Pension Expense, Deferred Outflows of Resources and Deferred Inflows of Resources Related to the HIS Plan. At September 30, 2024,the District reported a HIS liability of$1,761,057 for its proportionate share of the net HIS Plan's net pension liability. The net pension liability was measured as of June 30, 2024, and the total pension liability was used to calculate the net pension liability determined by an actuarial valuation as of July 1, 2024. The District's proportionate share of the net HIS liability was based on the District's 2023-24 fiscal 16 1 1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 52 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED HIS Plan, continued year contributions relative to the total 2023-24 fiscal year contributions of all participating members. At September 30, 2024,the District's proportionate share was .011739615 percent, which was a decrease of.000863067 percent from its proportionate share measured as of September 30, 2023. For the fiscal year ended September 30, 2024,the District recognized HIS expense (credit) of$2,720. In addition,the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows Deferred Inflows Description of Resources of Resources Differences between expected and actual experience $ 17,004 $ 3,381 Change of assumptions 31,167 208,487 Net difference between projected and actual earnings on HIS pension plan investments - 637 Changes in proportion and differences between District HIS contributions and proportionate share of HIS contributions 1,870 363,394 District contributions subsequent to the measurement date 23,348 - Total $ 73,389 $ 575,899 The deferred outflows of resources related to HIS,totaling $23,348 resulting from District contributions subsequent to the measurement date, will be recognized as a reduction on the net pension liability in the year ended September 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense over the remaining service period of 6.3 years as follows: Fiscal Years Ending September 30 Amount 2025 $ (99,257) 2026 (99,257) 2027 (99,257) 2028 (99,258) 2029 (99,098) Thereafter (29,731) Total $ (525,858) 16 11A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 53 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED HIS Plan, continued Actuarial Assumptions. The total pension liability in the July 1, 2024, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Inflation 2.40 percent Real Payroll Growth 1.1 percent Salary Increases 3.50 percent,average,including inflation Municipal Bond Rate 3.93 percent Actuarial Cost Method Individual entry age Mortality rates were based on the Generational PUB-2010 with Projected Scale MP-2021. Because the HIS Plan is funded on a pay-as-you-go basis, no experience study has been completed for the Plan. Discount Rate. The discount rate used to measure the total HIS liability was increased from 3.65 %to 3.93%. In general, the discount rate for calculating the total HIS liability is equal to the single rate equivalent to discounting at the long-term expected rate of return for benefit payments prior to the projected depletion date. Because the HIS benefit is essentially funded on a pay-as-you-go basis, the depletion date is considered to be immediate, and the single equivalent discount rate is equal to the municipal bond rate selected by the plan sponsor. The Bond Buyer General Obligation 20-Bond Municipal Bond Index was adopted as the applicable municipal bond index. Sensitivity of the District's Proportionate Share of the Net HIS Liability to Changes in the Discount Rate. The following presents the District's proportionate share of the net HIS liability calculated using the discount rate of 3.93 percent, as well as what the District's proportionate share of the net HIS liability would be if it were calculated using a discount rate that is 1-percentage-point lower(2.93 percent) or 1-percentage-point higher(4.93 percent)than the current rate: 1% Current 1% Decrease Discount Rate Increase (2.93%) (3.93%) (4.93%) District's proportionate share of the net HIS liability $ 2,004,737 $ 1,761,057 $ 1,558,763 t6IIA5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 54 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED HIS Plan,continued Pension Plan Fiduciary Net Position. Detailed information about the HIS plan's fiduciary net position is available in the separately issued FRS Pension Plan and Other State Administered Annual Comprehensive Financial Report(FRS "ACFR") dated June 30, 2024. The FRS ACFR and actuarial reports may also be obtained by contacting the Division of Retirement at: Department of Management Services Division of Retirement Bureau of Research and Member Communications P.O. Box 9000 Tallahassee, FL 32315-9000 850-488-5706 or toll free at 877-377-1737 http://www.dms.myflorida.com/workforce operations/retirement/publications Payables to the Pension Plan. At September 30, 2024,the District reported a payable of$2,721 for the outstanding amount of contributions to the HIS plan. FRS - Defined Contribution Pension Plan The SBA administers the defined contribution plan officially titled the FRS Investment Plan (Investment Plan). The Investment Plan is reported in the SBA's annual financial statements and in the State of Florida Comprehensive Annual Financial Report. As provided in Section 121.4501, Florida Statutes, eligible FRS members may elect to participate in the Investment Plan in lieu of the FRS defined benefit plan. District employees participating in DROP are not eligible to participate in the Investment Plan. Employer and employee contributions, including amounts contributed to individual member's accounts, are defined by law, but the ultimate benefit depends in part on the performance of investment funds. Benefit terms, including contribution requirements, for the Investment Plan are established and may be amended by the Florida Legislature. The Investment Plan is funded with the same employer and employee contribution rates that are based on salary and membership class (Regular Class, Elected County Officers, etc.) as the FRS defined benefit plan. Contributions l6I1Ac NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 55 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED FRS -Defined Contribution Pension Plan,continued are directed to individual member accounts, and the individual members allocate contributions and account balances among various approved investment choices. Costs of administering the plan, including FRS Financial Guidance Program, are funded through an employer contribution of 0.06 percent of payroll and by forfeited benefits of plan members. Allocations to the investment member's accounts during the 2023-24 fiscal year were as follows: Percent of Gross Salary* Class(1) Employee Employer(2) Employer(3) Florida Retirement System,Regular 3.00 8.30 8.30 Florida Retirement System,Senior Management Service 3.00 9.67 9.67 Florida Retirement System,Special Risk 3.00 16.0 16.00 Florida Retirement System,Elected Official 3.00 13.34 13.34 Notes: (1) Contribution rates are dependent upon retirement class in which reemployed. (2) Employer rates include 2.0 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/24-6/30/25. (3) Employer rates include 2.0 percent for the post employment health insurance subsidy. Also, employer rates,other than for DROP participants,include.06 percent for administrative costs for the Investment Plan. Rates for 7/1/23-6/30/24. * As defined by the Plan. Effective July 1, 2023, employer contribution rates increased by 2% in all membership classes. For all membership classes, employees are immediately vested in their own contributions and are vested after 1 year of service for employer contributions and investment earnings. If an accumulated benefit obligation for service credit originally earned under the FRS Pension Plan is transferred to the Investment Plan, the member must have the years of service required for FRS Pension Plan vesting (including the service credit represented by the transferred funds) to be vested for these funds and the earnings on the funds. Nonvested employer contributions are placed in a suspense account for up to 5 years. If the employee returns to FRS-covered employment within the 5-year period,the employee will regain control over their account. If the employee does not return within the 5 year period, the employee will forfeit the accumulated account balance. For the fiscal year ended September 30, 2023, the information for the amount of forfeitures was unavailable from the SBA; however, management believes that these amounts, if any, would be immaterial to the District. 1611A9 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 56 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED FRS - Defined Contribution Pension Plan, continued After termination and applying to receive benefits,the member may rollover vested funds to another qualified plan, structure a periodic payment under the Investment Plan, receive a lump-sum distribution, leave the funds invested for future distribution, or any combination of these options. Disability coverage is provided;the member may either transfer the account balance to the FRS Pension Plan when approved for disability retirement to receive guaranteed lifetime monthly benefits under the FRS Pension Plan, or remain in the Investment Plan and rely upon that account balance for retirement income. The District's Investment Plan pension expense included within the FRS expense totaled $221,589 for the year ended September 30, 2024. Payables to the Investment Plan. At September 30, 2024, the District reported a payable of$0 for the outstanding amount of contributions to the Plan. Plan 2 - Plan Description and Provisions - Firefighters' Pension Trust Fund The following brief description of the North Collier Fire Control and Rescue District Firefighters' Pension Plan (originally known as the North Naples Firefighters' Pension Plan) (the "Plan") is provided for general information purposes only. The Plan's name changed effective January 1, 2015,with the District's merger. Participants should refer to the Plan agreement for a more complete description of the Plan. On July 11, 1996, under the authority of Florida Statute 175 and Laws of Florida, Chapter 95-338, the District's Board of Commissioners passed Resolutions 96-004 and 96-005, providing for the establishment and funding of a single employer defined benefit retirement plan and trust for newly hired fire suppression personnel effective January 1, 1996. The resolutions establish that certified firefighters hired on or after January 1, 1996, are to become participants in the District's Firefighters' Pension Trust( FPT) Fund. The Plan is totally administered, including all investment management, by a third party administrator and the Plan's appointed 5 member Pension Board of Trustees. Effective October 1, 2011, employee participants were required to contribute 3% (similar to FRS) of compensation (an increase from .5%of compensation) per Resolution 11-031. Effective January 1, 2019, employee participants are required to contribute 8.48%of their compensation to the Plan. Effective January 26, 2023, Resolution 23-002 was adopted, which implemented an increase in the benefit multiplier and a decrease in member contribution rate to 7.48%. 1 6 1 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 57 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED Plan 2 - Plan Description and Provisions -Firefighters' Pension Trust Fund, continued Effective January 1, 2015, employees of the Big Corkscrew Island (BCI) Fire District merged with those of North Naples Fire District. As such, five employees of BCI joined Plan 2, the Firefighters' Pension Trust Fund. During the year ended September 30, 2015,the District adopted Governmental Accounting Standards Board Statement No. 68 "Accounting and Financial Reporting for Pensions" (GASB 68). As such,the Plan's beginning net position was restated and the net pension liability was recorded in the government-wide financial statements. During the years ended September 30, 2024, 2023 and 2022 there were employee contributions in the amount of$1,412,456, $1,439,939 and $1,356,739, respectively,to the Plan. The employer contributed 100% of its required contributions. The Plan provides for full-time firefighting personnel to become eligible to participate in the Plan immediately upon hire. Under District resolution 96-005,the District elected to pay the 0.5%(1%prior to December 9, 2004) employee required contribution on behalf of the employee. Effective December 9, 2004,the employee contribution was reduced to 0.5% (employee pick up). Effective July 1, 2001 (per resolution 01-01), benefits under the Plan vest after six years of creditable service. Employees who elect normal retirement at or after age 55 with 6 years of creditable service, or 25 years of service regardless of age, are entitled to a retirement benefit. Members hired after December 31, 2014, normal retirement is the earlier of age 55 and 10 years of service or 25 years of service regardless of age. Effective October 1, 2011, required employee contributions increased to 3%of compensation. Effective January 26, 2023, Resolution 23-002 was adopted, which implemented an increase in the benefit multiplier to 3.53% and a decrease in the member contribution rate from 8.48%to 7.48%effective October 1, 2022, and then effective October 1, 2023, a 7.00%member contribution. Employees may elect early retirement after 6 years of creditable service with a reduction in benefit for each year before normal retirement. The Plan also includes certain disability and death benefits. 16i1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 58 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED Plan 2 - Plan Description and Provisions -Firefighters' Pension Trust Fund, continued Contributions - Contributions to the Plan are derived from three sources: the Plan's participants are required to contribute to the Plan in the amount of 3%of their covered wages and pursuant to resolution 11-031 the District has elected to increase the affected employees' salary by 0.5% (employer pick-up), State funds (fire [hazard] insurance premium excise tax per Florida Statute Chapter 175) and employer(remaining amount necessary to meet actuarial requirement). For the period from January 1, 1996 through September 30, 1996, no employer contributions were required. Employer contributions were required beginning October 1, 1996. The State contributions under Chapter 175 began in June 1997. This revenue is based on property hazard insurance premium excise tax paid within the District and is applied up to an approved "frozen" limit of$1,746,716. The District(employer) is required to fund the difference each year between the total contributions from all other sources for the year and the total cost for the year pursuant to the most recent actuarial valuation of the Plan. The total cost for any year equals total normal cost plus the additional amounts sufficient to amortize the unfunded past service liability over a 30 year period commencing the first year of the Plan's inception. Effective January 1, 2019, Resolution 18-031 was adopted, which implemented an increase in the benefit multiplier to 3.53% for all years of service for all active members and an increase in the member contribution rate to 8.48% (3.0%prior to January 1, 2019). The District shall pay 0.5%of the member contributions. Effective January 26, 2023, Resolution 23-002 was adopted, which implemented a decrease in the member contribution rate to 7.48%effective October 1, 2022,then to 7.00% effective October 1, 2023. Pursuant to Florida law, the District is ultimately responsible for making sure the Plan remains actuarially sound. Therefore, each year,the District must contribute an amount determined by the Board in conjunction with their actuary to be sufficient, along with the participant's contribution and the State contribution, to fund the benefits under the Plan. The employer's contribution will vary from year to year. Pursuant to Chapter 175, Florida Statutes,the District imposed a 1.85%excise tax on property hazard insurance premiums paid to insure real or personal property within the District. The proceeds of this tax are contributed to this Plan as are the District's contribution. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 59 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED Plan 2 -Plan Description and Provisions - Firefighters' Pension Trust Fund, continued Pursuant to the actuarial study dated October 1, 2023 for the year ended September 30, 2024, the District's contribution (District only) requirement was 48%of the actuarially determined covered payroll. Actual District contributions to the Plan for the years ended September 30, 2024, 2023 and 2022, were $7,939,423, $4,369,709 and $3,706,614, respectively. The State contributions (excise tax) for the years ended September 30, 2024, 2023 and 2022 were $3,336,634, $2,622,080 and $2,181,362, respectively. Employees contributed (3%prior to January 1, 2019 and 8.48%after December 31, 2018. Effective October 1, 2022, Resolution 23-002 was adopted, which implemented a decrease in the member contribution rate to 7.48%and effective October 1, 2023,to 7.00%.) $1,412,456, $1,439,939 and $1,356,739 to the Plan for the years ended September 30, 2024, 2023 and 2022, respectively. At September 30, 2024,the Plan's total net position was restricted for retiree benefits. Payables to the Pension Plan. At September 30, 2024,the District reported a payable of$112,333 for the outstanding amount of contributions payable to the pension plan. Pension Benefits - Effective July 1, 2001, employees with 6 or more years of service are entitled to monthly pension benefits, beginning at the earlier of age 55 with 6 years of credited service or 25 years credited service regardless of age. Members hired after December 31, 2014, normal retirement is the earlier age of 55 and 10 years of service or 25 years regardless of age. Benefit is equal to 3.53%of their average final compensation (AFC)times credited service plus 3%of average final compensation times credited service on and after October 1, 2013. Effective January 1, 2021,the multiplier increased to 3.53%for all years for all participants. AFC means the average of the highest five (5)years within the last ten (10)years of service. Maximum benefit is 100%of AFC. The Plan permits early retirement with 6 years (10 years prior to July 2, 2001) of credited service. Members hired after December 31, 2014, must have 10 years of credited service to qualify for early retirement. Employees may elect to receive their pension benefits in the form of a 10 year certain and life annuity. If employees terminate before rendering 10 years of credited service, they forfeit the right to receive the portion of their accumulated Plan benefits. All retirement benefits are annually increased for cost of living at 3%. 16 I I A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 60 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED Plan 2 -Plan Description and Provisions - Firefighters' Pension Trust Fund, continued Death and Disability Benefits - Upon the death of any vested member, whether or not still in active employment, a survivor benefit is payable to the beneficiary starting when the member would have reached retirement age. The benefit is equal to the vested pension benefit and is payable for 10 years. The Minimum line of duty death benefit is 50%of the participant's salary,which is payable either to the participant's spouse or minor children. This line of duty death benefit is payable to the spouse for life, or to age 18 for the children. Effective July 1, 2019, and in accordance with Chapter 2019-21, Laws of Florida, the Plan must consider a firefighter to have died in the line of duty if he or she dies as a result of cancer or circumstances that arise out of the treatment of cancer. Employees who become totally disabled receive the greater of the accrued pension benefit or 25%of AFC, if non-service incurred, or 42%of AFC, if active service incurred. Effective December 9, 2004, the active service related benefit was increased to 65%. Effective July 1, 2019, and in accordance with Chapter 2019-21, Laws of Florida, the Plan must consider a firefighter totally and permanently disabled in the line of duty if he or she meets the Plan's definition of totally and permanently disabled due to the diagnosis of cancer or circumstances that arise out of the treatment of cancer. Supplemental Benefits - Effective December 31, 2004, each service and disability retiree and their joint pensioners or beneficiaries and vested terminated members shall receive a supplemental payment to be used as a health insurance subsidy payment. The amount shall be five dollars ($5) for each full year of credited service for life. The maximum monthly supplement is one hundred fifty dollars ($150) and the minimum thirty dollars ($30). DROP- Effective December 12, 2013, Resolution 13-034 was adopted, which established a Deferred Retirement Option Plan ("DROP"). An "eligible participant" of the pension plan, which is defined as an individual currently on full-time work status, may elect to participate in the DROP on the first day of the month coincident with or 161IA NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 61 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED Plan 2 -Plan Description and Provisions - Firefighters' Pension Trust Fund, continued next following either, attainment of age fifty-five (55) and the completion of ten (10) years of credited service, or the completion of twenty-five (25) years of credited service, which date shall constitute the "initial date of eligibility". An eligible participant electing to participate in DROP must complete and execute such forms as may be required by the District and supplied by the Board of Trustees not less than thirty (30) days prior to entering the DROP. The forms shall include, but not limited to, an irrevocable letter of resignation effective no later than the conclusion of the maximum period of DROP participation. Election into the DROP is irrevocable provided there shall be no minimum period of participation; however in the event of a voluntary termination prior to the maximum period, any DROP participant termination prior to such maximum DROP period shall submit a written notice at least thirty (30) days prior to such early termination of DROP participation. An eligible participant may elect to participate in the DROP only once. After commencement of participation in DROP, a participant shall no longer earn, accrue or purchase additional service credits towards retirement benefits or later enhancements to the firefighters' pension plan. Upon the effective date of an eligible participant's participation in DROP, all contributions by and on behalf of the participant to the plan shall be discontinued. For all plan purposes, service and vesting credits of an eligible participant electing DROP shall be fixed as of the effective date of commencement of DROP participation. Any services as a firefighter after entry into DROP shall not be used for calculation or determination of benefits payable by the pension plan. The average final compensation of a participant, as defined in this plan shall be determined as of the effective date of commencement of DROP participation and other subsequent earnings shall not be used for calculation or determination of benefits payable by the pension plan. Income Recognition - Interest income is recorded on the accrual basis. Investments are reported at market value. Short-term investments are reported at cost, which approximates market value. Actuarial Present Value of Accumulated Plan Benefits -Accumulated plan benefits are those future periodic payments, including lump-sum distributions,that 16l1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 62 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED Plan 2 - Plan Description and Provisions -Firefighters' Pension Trust Fund, continued are attributable under the Plan's provisions to the service employees have rendered. Accumulated plan benefits include benefits expected to be paid to (a) retired or terminated employees or their beneficiaries, (b)beneficiaries of employees who have died, and (c)present employees or their beneficiaries. Benefits under the Plan are based on employees' age at entry to the Plan and are based upon the current starting salary for firefighters at entry level. Benefits payable under all circumstances, retirement, death, disability and termination of employment, are included,to the extent they are deemed attributable to employee service rendered to the valuation date. The actuarial present value of accumulated plan benefits is determined by an actuary and is the amount that results from applying actuarial assumptions to adjust the accumulated plan benefits to reflect the time value of money (through discounts for interest) and the probability of payment(by means of decrements such as for death, disability, withdrawal, or retirement) between the valuation date and the expected date of payment. The significant actuarial assumptions used in the valuations as of October 1, 2021 were (a) life expectancy of participants - MP 2018 (combined healthy, sex distinct) Mortality Table was used, (b)retirement age assumptions (the assumed average retirement age was 55), (c) annual investment return of 7.0% (net of fees) and (d)the rate of inflation at 2.5%. The actuarial valuation reflected assumed average rates of return of 7.0% (net of fees). The foregoing actuarial assumptions are based on the presumption that the Plan will continue. If the Plan terminated, different actuarial assumptions and other factors might be applicable in determining the actuarial present value of accumulated plan benefits. Payment of Benefits - Benefit payments to participants are recorded upon distribution. The District contributed 100%of the required contributions. A summary of certain Plan details and trend information is included below. A copy of the Plan and Plan audit as of and for September 30, 2024, can be obtained by writing to the District at 1885 Veterans Park Drive,Naples, Florida 34109-0492, or by calling(239) 597-3222. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 63 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED Plan 2 - Plan Description and Provisions - Firefighters' Pension Trust Fund, continued The following is a summary of the Single-Employer Defined Benefit Pension Plan (Florida Statutes Chapter#175), including funding policies, contribution methods, benefit provisions and trend information: Firefighters'Pension Trust Fund-Plan 2 Year established and governing authority District Resolution 96-004(July 11, 1996) Governing body Board of Trustees of Plan Determination of contribution requirements: Actuarially determined Employer(District) Amount required in excess of Member and applicable State contributions needed in order to pay current costs and amortize any unfunded past service cost over 30 years Plan members 3.0%of covered payroll-prior to 1/1/19 8.48%of covered payroll-after 12/31/18 7.48%of covered payroll-after 10/1/22 7.00%of covered payroll-after 10/1/23 Funding of administrative costs: Employer Period required to vest 10 years Annual salary increase Graduated Scale based on Credited Service(see below) Post retirement benefit increase Cost of living increase of 3%each year Eligibility for distribution Earlier of 55 with 6 yeares of credited service or 10 years of credited service if hired after December 31,2014,or (Normal retirement) 25 years credited service regardless of age Provisions for: Disability benefits Yes Death benefits Yes Early retirement Yes Assumed inflation 2.5% Actuarial assumption/method changes since prior valuation: Actuarial Cost Method Entry Age Normal actuarial cost method Amortization Method New UAAL-amortized over 15 years Remaining Amortization Period 15 years(as of 10/1/23) Net-of-Fees Investment Return 7.00% Annual Salary Increase Service based Actuarial valuation date October 1,2023 Measurement date September 30,2024 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 64 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED Plan 2 -Plan Description and Provisions - Firefighters' Pension Trust Fund, continued Net Pension Liability of the Fund - The components of the actuarially determined net pension liability of the District at September 30, 2024 were as follows: Amount Total pension liability $ 178,756,952 Plan fiduciary net position (162,281,484) District's net pension liability $ 16,475,468 Plan fiduciary net position as a percentage of the total pension liability 90.78% The total pension liability was determined by an actuarial valuation as of October 1, 2023 and rolled forward to the measurement date of September 30, 2024 using certain actuarial assumptions,the most significant of which were 7.0 percent for the investment rate of return (net of fees), projected salary increases are service based and 2.5 percent for inflation. Mortality rates were based on the PUB 2010 MP-2018 Combined Healthy Mortality Table. Disabled lives are set forward two years for females and set back four years for males. The Plan's policy with regards to the allocation of invested assets is established and may be amended by the Pension Board. Plan assets are managed on a total return basis with a long-term objective of achieving and maintaining a fully funded status for the benefits provided through the Plan. The investment policy was last amended in April 2020. The following table summarizes the Board's adopted allocation policy and the long-term expected real rates of return for each major asset class: Long-Term Target Actual Expected Real Asset Class Allocation Allocation Rate of Return* Domestic equities 45% 48.20% 7.5% International equities 15% 15.47% 8.5% Broad market fixed income 15% 14.23% 2.5% Global international fixed income 5% 5.73% 3.5% Global tactical asset/infrastructure 10% 7.63% 3.5% Real estate 10% 6.39% 4.5% Cash and cash equivalents minimal 2.35% not available * annual arithmetic return 100% 100% 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 65 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED Plan 2 -Plan Description and Provisions - Firefighters' Pension Trust Fund, continued The long-term expected rate of return on Plan assets was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of Plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Discount Rate. The discount rate used to measure the total pension liability was 7.0 percent. The projection of cash flows used to determine the discount rate assumed that plan participant contributions will be made at the current contribution rate and that District contributions will be made at rates equal to the difference between actuarially determined contribution rates and the participant rate. Based on those assumptions, the Plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan participants. Therefore, the long-term expected rate of return on Plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Rate of Return Sensitivity. The sensitivity of the net pension liability to changes in the discount rate was measured as follows. The net pension liability of the District was calculated using the discount rate of 7.0 percent. It was also calculated using a discount rate that was 1-percentage-point lower(6.0 percent) and 1-percentage-point higher(8.0 percent)than the current rate: 1% Current 1% Decrease Discount Rate Increase 6.0% 7.0% 8.0% Net pension liability(asset) $ 43,272,136 $ 16,475,468 $ (5,234,576) Rate of return for the years ended September 30, 2024, 2023 and 2022, were 18.17%, 9.07%and (15.85%), respectively. Deferred Inflows/Outflows of Resources Related to Pensions On September 30, 2024, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 66 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED Plan 2 -Plan Description and Provisions - Firefighters' Pension Trust Fund, continued Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience $ 2,045,669 $ 2,762,562 Change of assumptions 3,863,071 Net difference between projected and actual earnings on plan investments 10,156,886 Contributions subsequent to the measurement date 11,276,057 $ 27,341,683 $ 2,762,562 For the year ended September 30, 2024, the District recognized pension expense of $11,625,408 related to this Plan. The deferred outflows of resources related to the pension, resulting from District contributions subsequent to the measurement date,will be recognized as a reduction on the net pension liability in the fiscal year ended September 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to the pension will be recognized in pension expense as follows: Years Ending September 30 Amount 2025 $ 3,398,550 2026 3,433,632 2027 6,169,291 2028 (334,133) 2029 136,936 Thereafter 498,788 Total $ 13,303,064 Memberships of the Plan consisted of the following at October 1, 2024: Firefighters'Pension Trust Fund-Plan 2 Active plan members 199 Inactive plan members or beneficiaries currently receiving benefits 43 Inactive plan members entitled to but not yet receiving benefits 18 Total 260 Number of participating employers 1 Number of participating state agencies 1 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 67 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED Plan 2 - Plan Description and Provisions -Firefighters' Pension Trust Fund, continued The following is a schedule of changes in net pension liability for the fiscal year ended September 30, 2024: Increase(Decrease) Total Pension Plan Fiduciary Net Pension Liability Net Position Liability(Asset) Balances at September 30,2023 $ 154,909,381 $ 128,911,267 $ 25,998,114 Changes for the fiscal year: Service cost 7,424,520 - 7,424,520 Interest 11,117,371 - 11,117,371 Differences between expected and actual experience 7,451,113 - 7,451,113 Changes of assumptions - - - Changes in benefit terms - - - Adjustment* Contributions-Employer - 7,939,423 (7,939,423) Contributions-State 1,589,918 3,336,634 (1,746,716) Contributions-Employee - 1,412,456 (1,412,456) Contributions-Buy Back 10,457 10,457 Net investment income - 24,561,872 (24,561,872) Benefit payments,including refunds of employee contributions (3,745,808) (3,745,808) - Administrative expense - (144,817) 144,817 Net changes 23,847,571 33,370,217 (9,522,646) Balances at September 30,2024 $ 178,756,952 $ 162,281,484 $ 16,475,468 *Adjustment per actuary Annual Pension Cost, Net Pension Obligation and Reserves Current year annual pension costs for the Firefighters' Pension Trust Fund are shown in the trend information provided. The Firefighters' Pension Trust Fund had a net unfunded actuarial accrued liability (asset) at October 1, 2024 of$16,475,468. The Plan assets are legally reserved for the payment of the respective plan member benefits within the Plan. There are no assets legally restricted for plan benefits other than these assets within the Plan. The Firefighters' Pension Trust Fund held certain investments at year end. 16Ilay NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 68 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H- RETIREMENT PLANS, CONTINUED Plan 2 -Plan Description and Provisions - Firefighters' Pension Trust Fund, continued Trend Information Firefighters'Pension Trust Fund Total(1) Required Contributions Net Annual District State State Pension Fiscal Pension Required(2) Required Frozen Actual Percentage Obligation Year Contribution Contribution Contribution Contribution Contribution Contributed (NPO) 2024 $ 9,425,118 $ 9,425,118 $ 1,746,716 $ 1,746,546 $ 9,686,139 103% - 2023 $ 6,006,163 $ 6,006,163 $ 1,746,716 $ 1,746,716 $ 6,006,163 100% - 2022 $ 5,308,566 $ 3,561,850 $ 1,746,716 $ 1,746,716 $ 5,308,566 100% - 2021 $ 5,225,679 $ 3,606,617 $ 1,891,478 $ 1,746,716 $ 5,225,679 100% - 2020 $ 4,112,124 $ 2,306,381 $ 1,805,743 $ 1,746,716 $ 4,112,124 100% - 2019 $ 4,643,465 $ 2,769,139 $ 1,874,326 $ 1,746,716 $ 5,180,761 112% - 2018 $ 4,732,018 $ 2,990,030 $ 1,741,988 $ 1,746,716 $ 4,732,018 100% - 2017 $ 4,302,560 $ 2,933,393 $ 1,369,167 $ 1,746,716 $ 4,302,560 100% - 2016 $ 3,146,984 $ 1,735,437 $ 1,411,547 $ 1,746,716 $ 3,146,984 100% - 2015 $ 2,594,733 $ 1,107,133 $ 1,487,600 $ 1,746,716 $ 2,594,733 100% - 2014 $ 2,896,024 $ 1,518,926 $ 1,377,098 $ 1,746,716 $ 2,896,024 100% - 2013 $ 3,386,733 $ 2,127,828 $ 1,314,064 $ 1,746,716 $ 3,441,892 102% - 2012 $ 3,283,811 $ 2,166,246 $ 1,214,214 $ 1,746,716 $ 3,380,454 103% - 2011 $ 3,473,598 $ 2,333,799 $ 1,139,799 $ 1,746,716 $ 3,626,125 104% - 2010 $ 3,140,997 $ 2,170,443 $ 1,020,554 $ 1,746,716 $ 3,200,901 100% - 2009 $ 2,796,158 $ 1,756,228 $ 1,039,931 $ 1,746,716 $ 3,079,738 110% - 2008 $ 2,211,933 $ 1,009,715 $ 1,485,798 $ 1,485,798 $ 2,495,513 113% - (1) The District considers its annual pension cost to be its actuarially determined required annual pension contribution including the employer and state contribution. Fy 2018 required contribution reduced by$0 excess State money reserve. (2) For 2022 the Districts contributions of$3,706,614 including payment of$144,764 for the prior year shortfall. Pension Trust Required Supplementary Information Schedule of Funding Progress Firefighters' Pension Trust Fund: Unfunded Actuarial Actuarial Actuarial UAAL as Value of Accrued Accrued Annual a%of Actuarial Assets" Liability(AAL) Liability Funded Covered Covered Valuation (AVA) -Entry Age (UAAL) Ratio Payroll Payroll Date (a) (b) (b-a) (a/b) (c) (b-a)/c 10/01/24 $ 162,281,484 $ 178,756,952 $ 16,475,468 90.8% $ 20,177,944 81.7% 10/01/23 $ 128,911,267 $ 154,909,381 $ 25,998,114 83.2% $ 19,250,524 135.1% 10/01/22 $ 112,896,854 $ 140,921,798 $ 28,024,944 80.1% $ 15,999,295 175.2% 10/01/21 $ 128,642,432 $ 127,923,010 $ (719,422) 100.6% $ 15,825,800 -4.5% 10/01/20 $ 102,099,091 $ 111,187,786 $ 9,088,695 91.8% $ 14,829,151 61.3% 10/01/19 $ 88,893,030 $ 98,664,952 $ 9,771,922 90.1% $ 14,434,146 67.7% 10/01/18 $ 80,928,687 $ 84,102,348 $ 3,173,661 96.2% $ 13,739,853 23.1% 10/01/17 $ 70,747,813 $ 73,738,012 $ 2,990,199 95.9% $ 13,771,976 21.7% 10/01/16 $ 58,512,948 $ 61,707,055 $ 3,194,107 94.8% $ 11,890,295 26.9% 10/01/15 $ 51,534,195 $ 51,541,750 $ 7,555 100.0% $ 9,671,942 0.1% 10/01/14 $ 49,189,571 $ 47,467,581 $ (1,721,990) 103.6% $ 8,770,495 -19.6% 10/01/13 $ 42,143,137 $ 41,366,768 $ (776,369) 101.9% $ 9,092,235 -8.5% 10/01/12 $ 33,983,491 $ 33,924,855 $ (58,636) 100.2% $ 8,254,150 -0.7% 10/01/11 $ 26,196,164 $ 26,153,965 $ (42,199) 100.2% $ 8,291,830 -0.5% 10/01/10 $ 22,990,534 $ 23,284,830 $ 294,296 98.7% $ 7,737,940 3.8% 10/01/09 $ 17,833,111 $ 18,108,267 $ 275,156 98.5% $ 7,522,834 3.7% 10/01/08 $ 16,719,426 $ 16,890,153 $ 170,727 99.0% $ 7,082,194 2.4% ** reflected by actuary as Plan Fiduciary Net Position 16IIA5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 69 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30, 2024 NOTE H - RETIREMENT PLANS, CONTINUED Plan 2 - Plan Description and Provisions - Firefighters' Pension Trust Fund, continued Firefighters' Pension Trust Fund Valuation date 10/01/23 Actuarial cost method Entry Age Normal Amortization method New UAAL -amortized over 15 years Mortality table PUB 2010 MP-2018 Combined Healthy Remaining amortization period 15 years (as of 10/1/22) Actuarial asset valuation method Fair value net of investment expense Actuarial assumptions: Investment rate 7.0%(net of fees) Projected salary increase Service based Inflation 2.5% Post retirement cost of living adjustment 3% Measurement date September 30, 2024 Retirement age Age 55 and 6 years of service (age 55 and 10 years of service if hired after December 31, 2014) or 25 years of credited service regardless of age. Changes of Assumptions For the year ended September 30, 2024 (measurement date September 30, 2024). the following changes to assumptions occurred: Participant(employee)contribution rate from 7.48%to 7.0%. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 70 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE H - RETIREMENT PLANS, CONTINUED Plan 3 - Plan Description and Provisions - 401(a) The Board of Fire Commissioners established the 401(a) Plan for the general employees and elected officials who are ineligible to participate in the Florida Retirement System. The Plan was effective on January 1, 2013. At September 30, 2022, the Plan had one (1) active participant. The Plan allows for employer contributions. Amounts contributed by the employer correspond to the percentage of contributions by class, established for participants of the Florida Retirement System. Employee contributions are prohibited. Employer contributions are 100%vested after completion of one year of service. A year of service is based on an employee completing at least 1,000 hours of service during a plan year. Total District contributions to the Plan for the years ended September 30, 2024, 2023, and 2022, were $0, $568 and $802, respectively. Contributions to the 401(a) Plan ended with the May 19, 2023 pay date. NOTE I - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB) The District formally established two (2) OPEB Plans to provide its retirees the opportunity to obtain insurance (medical, dental and life) benefits. All retired full-time employees are eligible for OPEB benefits if actively employed by the District immediately before retirement. As such, active employees with at least twenty five (25) years of service as of September 30, 2010, were allowed to elect to remain in the Defined Benefit Plan or to enter the Post Employment Health Plan(PEHP), a defined contribution Plan. The defined benefit Plan provides a $5,000 life insurance benefit fully paid by the District. All retirees and Early Retirement Incentive Program (ERIP)participants, who were eligible, remained in the Defined Benefit Plan. All other active employees at that time, September 30, 2010, as well as future employees entered the PEHP. Retirees under the PEHP Plan are responsible for the full cost of coverage. 16I145 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 71 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE I - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED The benefits are provided both with and without contractual or labor agreements. The benefits may require contribution from the retirees, depending on certain specified criteria and, in particular, length of creditable employment. The District finances the benefits on a pay-as-you-go basis and recognizes expenditures at the time the premiums are due for both Plans. Effective January 1, 2015, all active employees of the merged District are covered with the same post retirement health benefits. Effective May 1, 2017, the District offered a post-employment health insurance supplementation for eligible retirees who have completed fifteen (15)years of service including three (3)years as a Chief Officer. Under this plan,the District shall contribute 100%toward the cost of the retiree's participation in the District's health insurance program for the retiree and qualifying spouse/dependent until the employee reaches the age of 65 or is eligible for Medicare, whichever occurs first. This benefit is provided in lieu of contributions to the PEHP. Defined Benefit Plan Specifically,the Defined Benefit Plan provides that the District will pay a portion of medical and dental premiums for retirees depending on their years of credited service starting with the completion of fifteen (15)years of credited service. As such,the District pays 50% of the employee's premium and 25%of the spouse's premium at completion of 15 years of service progressing to 100%of the employee's premium and 100%of the spouse's premium upon completion of 25 years of service for certain employees based on final rank at date of retirement. The retiree can buy dependent coverage as part of the Plan. The District also pays the premium associated with a$5,000 life insurance benefit. During fiscal years 2009 and 2010,the District offered two (2) separate Early Retirement Incentive Programs (ERIP)to a number of active employees. A portion of the programs includes full payment of premiums associated with medical, dental, vision and life insurance coverage, including dependent coverage for a period of 3 years. After the 3 year period ends,the ERIP participants receive the Defined Benefit Plan benefits they had been eligible for at termination. During the year ended September 30, 2014,the District paid the final amounts due on the ERIP Plans. Note that the projected premiums for the dental and life benefits were assumed to cover the entire cost of the program. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 72 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE I - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED Post Employment Health Plan (PEHP) The PEHP is a defined contribution plan administered by the District. All employees who did not elect to remain in the Defined Benefit Plan, and all future active employees are participants in the PEHP. Originally participants in the PEHP had $7,000 deposited on their behalf into an account on the 20th anniversary of their date of hire and on each subsequent anniversary. Additionally, those participants having over 20 years of credited service at their date of retirement also received a $30,000 deposit on their behalf at date of separation. Effective October 1, 2012,the Plan was changed to limit District total contributions to $50,000 per employee. Effective October 1, 2015, participants in the PEHP will have funds ($1,500 for collective bargaining members and $2,500 for non-bargaining members) deposited into a trust account following the 5th anniversary of their date of hire and on each subsequent year. Additionally,those participants having over 20 years of credited service at their date of retirement will receive a maximum contribution ranging from $37,000 to $50,000 depending on length of service. Effective October 1, 2022, collective bargaining unit members no longer receive PEHP contributions but will rather receive health insurance credit amounts based on years of service and become participants in the District's defined benefit OPEB Plan. According to Article 34.05 of the 2022-25 Collective Bargaining Agreement (Insurance After Retirement), upon eligible retirement, employees may buy into the District's group health insurance plan. Based on the following table, eligible employees will receive the following credit amounts that will offset the cost of health insurance premiums if the employee elects to remain on the District's group health insurance plan: Employee Years of Service: Health Insurance credit amount(per month): 15 $ 400 20 $ 500 25 $ 600 The District will provide the applicable credits to retirees until the retiree reaches the age of 65. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 73 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE I - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED Post Employment Health Plan (PEHP),continued Non-bargaining employees will receive annual $2,500 PEHP contributions as noted above. The PEHP is designed to offer similar benefits to those offered under the Defined Benefit Plan. The District, as part of the PEHP, entered a group variable annuity contract. As such, the PEHP Plan's asset custodian and third party administrator is the insurance company through which the annuity is contracted. General -Funding Policy The District paid $329,635 and $368,331 for retiree's and ERIP participants' health care premiums as part of the Defined Benefit Plan on a pay-as-you-go basis for the years ended September 30, 2024 and 2023, respectively. The District also contributed $47,000 and $30,000 to the PEHP Plan for the years ended September 30, 2024 and 2023, respecitvely. No separate trust has been established for either Plan. No separate financial statement is issued for either OPEB Plan. All required disclosures are presented herein. The District obtained an actuarial valuation for its defined benefit OPEB Plan to measure the current year's subsidies and project these subsidies into the future, making an allocation of that cost to different years. The following schedule of funding progress presents multi-year trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liability for benefits. Plan Description -Defined Benefit The year ended September 30, 2018, was the District's transition year and now adheres to GASB No. 75 "Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions." GASB No. 75 requires the District record its actuarially determined total OPEB liability. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 74 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE I - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED Plan Description - Defined Benefit, continued All retired full-time employees are eligible for OPEB benefits if actively employed by the District immediately before retirement. As of September 30, 2024, there were forty seven (47)retirees eligible to receive benefits. At September 30, 2024,there were two hundred sixty-two (262) active District employees. The benefits are provided both with contractual or labor agreements. Actuarial Methods and Assumptions Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and plan members) and include types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The methods and assumptions used include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. At September 30, 2024, the District's Net OPEB Liability of$13,498,912 was measured as of September 30, 2023, and was determined by an actuarial valuation as of September 30, 2022, using the alternate measurement method. The following actuarial assumptions and other inputs were applied to all periods included in the measurement: The following simplifying assumptions were made: Mortality-Life expectancies were based on PUB 2010 MP 2018 Mortality Tables for Males and Females projected 10 years. Annual healthcare cost trend using the Society of Actuaries Long-Run Medical Cost Trend Model baseline assumptions with an initial rate of 7.25%per year trending to 4.00%by 2075. Turnover-Non-group-specific age-based turnover data from GASB Statement 45 were used as the basis for assigning active members a probability of remaining employed until the assumed retirement age and for developing an expected future working lifetime assumption for purposes of allocating to periods the present value of total benefits paid. Amortization Period: Rolling 20 year amortization Amortization Method: level percentage of payroll 1 6 I 1Ar; NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 75 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE I - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED Actuarial Methods and Assumptions,continued The discount rate was 4.87%(for 2024)4.77%(for 2023)2.43%(for 2022) 2.14%(for 2021)3.58% (for 2020)(4.18%for 2019)(3.64%for 2018)and was based on the 20 Year Municipal Bond Rate with AA/Aa2 or higher. Measurement Date September 30,2023 Valuation Date September 30,2022 Entry age normal cost method was used. Inflation Rate 2.50% Salary Increases Varies by Service Discount Rate 4.77% Initial Trend Rate 7.25% Ultimate Trend Rate 4.00% Years to Ultimate 52 The FRS salary scale was used Participation percentage: 50% Mortality Scale PUB 2010 MP-2018 The actuarial assumptions used in the valuation reported for September 30,2022,were based on results of an actuarial experience study performed for the FRS Retirement Plan for July 1,2021. The rationales for selecting each of the assumptions used in the financial accounting valuation and for the assumptions changes summarized above are to best reflect the current market conditions and recent plan experience. Changes in the Net OPEB Liability Amount Balance at September 30,2023 $ 11,365,910 Changes for the Year: Service Cost 832,579 Interest Cost on Total OPEB Liability 568,536 Difference Between Expected and Actual Experience - Changes in Assumptions (127,365) Change in Benefit Terms 1,424,849 Contributions-Employer - Benefit Payments (565,597) Other Changes Net Changes 2,133,002 Balance at September 30,2024 $ 13,498,912 I 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 76 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE I - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED Changes in the Net OPEB Liability,continued The following presents the net OPEB liability of the District as well as what the District's net OPEB liability would be if it were calculated using a discount rate that is 1 percent higher or 1 percent lower than the current discount rate. 1%Decrease Current Rate 1%Increase 3.87% 4.87% 5.87% Net OPEB Liability $ 14,852,740 $ 13,498,912 $ 12,312,961 The following presents the net OPEB liability of the District as well as what the District's net OPEB liability would be if it were calculated using healthcare trend rates that are 1 percent higher or 1 percent lower than the current healthcare trend rate. 1%Decrease Trend Rate 1%Increase 3.00-6.25% 4.00-7.25% 5.00-8.25% Net OPEB Liability $ 12,535,262 $ 13,498,912 $ 14,647,320 For the year ended September 30, 2024,the District recognized OPEB expense of$2,534,668. At September 30, 2024,the District reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Differences Between Expected and Actual Experience $ 504,534 $ - Changes in Assumptions 281,940 1,769,177 Employer contribution subsequent to measurement date 754,429 - Total $ 1,540,903 $ 1,769,177 Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Year Ended September 30: Amount 2025 $ (299,943) 2026 (222,430) 2027 (222,435) 2028 (6,201) 2029 (71,936) Thereafter (159,758) Total $ (982,703) 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 77 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE I - POST-EMPLOYMENT BENEFITS OTHER THAN PENSION BENEFITS (OPEB), CONTINUED Changes in the Net OPEB Liability,continued Changes in Assumptions: • Increased discount rate from 4.77%to 4.87% •Medical Health Credit Plan change in benefit terms reflect 2022-25 collective bargaining agreement. NOTE J- RISK MANAGEMENT During the year ended September 30, 2024, the District provided health benefits as follows: The District continued the use of a high deductible health plan offered to employees and retirees of the District. The District does not offer vision coverage to the employees of the District. The District offers a HSA plan for its employees or FSA plan for employees older than 65. The District contributes $5,000 for those eligible participants who have met the family deductible and $3,000 for those eligible participants who have to meet the individual deductible to the HSA plan annually. Participants may also elect to contribute to the respective plan on a pre-tax basis. HSA amounts that are not utilized by the year end are carried over and are the property of the participant per IRS regulation. The District's HSA contributions for the year ended September 30, 2024, were $1,558,942. The District incurred $7,143,159 in health related claims,third party administration costs, disability, premiums and reinsurance premiums including HSA contributions (noted above) and workers compensation insurance during the year ended September 30, 2024, for the self-insurance and fully-funded insurance programs. It is the policy of the District to purchase third party commercial insurance for other remaining forms of potential risks to which it is exposed. The District's risk management activities are reported in the General Fund. No accrual has been recorded for claims and incidents not reported to the insurer. The District paid $1,296,475 for building, auto and other liability insurances for the year ended September 30, 2024. The District had no significant reductions in insurance coverage from the prior year. Reported claims have not exceeded the insurance coverage for the years ended September 30, 2011 through September 30, 2024. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 78 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE K- PROPERTY TAXES Property taxes are levied after formal adoption of the District's budget and become due and payable on November 1 of each year and are delinquent on April 1 of the following year. Discounts on property taxes are allowed for payments made prior to the April 1 delinquent date. Tax certificates are sold to the public for the full amount of any unpaid taxes and must be sold not later than June 1 of each year. The billing, collection, and related record keeping of all property taxes is performed for the District by the Collier County Tax Collector. No accrual for the property tax levy becoming due in November 2024 is included in the accompanying basic financial statements, since such taxes are collected to finance expenditures of the subsequent period. Procedures for collecting delinquent taxes, including applicable tax certificate sales and tax deed sales, are provided for by Florida Statutes. The enforceable lien date is approximately two years after taxes become delinquent and occurs only upon request of a holder of a delinquent tax certificate. As of September 30, 2024, $667,583 was recorded in the General Fund and was due from the Collier County Tax Collector to the District for ad valorem taxes and excess fees, and interest. Important dates in the property tax cycle are as follows: Assessment roll certified July 1 Millage resolution approved No later than 93 days following certification of assessment roll. Taxes due and payable(Levy date) November/with various discount provisions through March 31. Property taxes payable-maximum discount(4 percent) 30 days after levy date Beginning of fiscal year for which taxes have been levied October 1 Due date March 31 Taxes become delinquent(lien date) April 1 Tax certificates sold by the Collier County Tax Collector Prior to June 1 For the year ended September 30, 2024, the Board of Commissioners of the District levied ad valorem taxes at a millage rate of$1.00 per $1,000 (1.0 mills)of the 2023 net taxable value of real property located within the North Naples Service Delivery Area. 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 79 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE K- PROPERTY TAXES,CONTINUED For the year ended September 30, 2024, the Board of Commissioners of the District levied ad valorem taxes at a millage rate of$3.75 per$1,000 (3.75 mills) of the 2023 net taxable value of real property located within the Big Corkscrew Island Service Delivery Area. NOTE L - IMPACT FEE FUND ACTIVITY During the year ended September 30, 2024,the Impact Fee Fund had the following activity: Amount Unearned revenue,October 1,2023 $ 7,135,354 Impact fee receipts 960,143 Impact fee refunds - Due from other Governments 90,992 Interest and other income 395,579 Operating expenses (17,268) Principal reduction - Note payable interest - Capital outlay - Transfers in(out) - Unearned revenue,September 30,2024 $ 8,564,800 NOTE M-FUND BALANCE/NET POSITION ALLOCATIONS Fund Balance/Net Position were allocated for the following purposes at September 30, 2024: NN BCI Total Nonspendable-General Fund Amount Amount Amount Nonspendable fund balance-General Fund prepaid expenses $ 1,596,952 $ - $ 1,596,952 NN BCI Total Assigned fund balance-General Fund Amount Amount Amount General Fund-Expenses-Oct-Dec $ 12,221,366 $ 3,441,631 $ 15,662,997 General Fund-Emergency reserve 856,103 567,080 1,423,183 General Fund-Health insurance claim reserve 915,140 258,116 1,173,256 General Fund-Medical services reserve 1,560,000 440,000 2,000,000 General Fund-Station/Growth Management Reserve 3,810,000 190,000 4,000,000 General Fund-Fleet reserve 4,418,206 931,794 5,350,000 General Fund-Station improvement reserve 546,000 154,000 700,000 Total General Fund $24,326,815 $ 5,982,621 $30,309,436 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 80 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE M-FUND BALANCE/NET POSITION ALLOCATIONS, CONTINUED NN BCI Total Unassigned-General Fund Amount _ Amount Amount General Fund $ - $ _ $ Total Restricted Fund Balance/Net Position-Inspection Fee Fund Amount Inspection Fee Fund $ 1,936,596 NOTE N - LEASED VEHICLES The District leases forty (40) vehicles for District operations under various sixty (60) month operating lease agreements. The lease agreements qualify as other than short-term leases under GASB Statement No. 87,therefore, have been recorded at the present value of the future minimum lease payments as of the date of their inception and exclude any residual value and management fee. Management fees are expensed as incurred. The leases payable are measured at discount rates ranging from 3.69%to 8.57% based on the rate implicit in the lease. The terms and payment varies for each vehicle. The minimum annual lease payments as follows: Years Ending Lease September 30 Liability Interest Total 2025 $ 209,236 $ 47,679 $ 256,915 2026 308,215 34,212 342,427 2027 237,231 19,513 256,744 2028 122,645 7,130 129,775 2029 20,382 526 20,908 $ 897,709 $ 109,060 $ 1,006,769 Lease expense for the year ended September 30, 2024 was $273,551. The ROU asset was $705,924 net of accumulated amortization of$652,968 for the year ended September 30, 2024. Interest expense recognized during the year ended September 30, 2024 was $59,121. 16IlA ; NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 81 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE O - COMMITMENTS AND CONTINGENCIES The District is involved from time to time in certain routine litigation,the substance of which either as liabilities or recoveries, would not materially affect the financial position of the District. Although the final outcome of the lawsuits, assertions, and claims or the exact amount of costs and/or potential recovery is not presently determinable, in the opinion of the District's legal counsel,the resolution of these matters will not have a materially adverse affect on the financial condition of the District. As a general policy,the District plans to vigorously contest any such matters. NOTE P - UNRESTRICTED NET POSITION (DEFICIT) (NET ASSETS) During the year ended September 30, 2024, the District's unrestricted net position (net assets) balance was $14,994,914. The District's total available fund balance at September 30, 2024, remained approximately equal to six (6) months of actual expenditures. However,the Board assigned available fund balance of$30,309,436 to fund operations for the first quarter of the subsequent fiscal year. NOTE Q - PENSION PLAN -457 DEFERRED COMPENSATION Effective March 1, 2012, the District approved an IRC Section 457 employee benefit plan (ICMA)whereby,the District does not contribute to the Section 457 Plan. It is an employee only contribution Plan with fees paid by the employees. The Plan is third party administered. 611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 82 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE R- SUBSEQUENT EVENTS Subsequent to the year ended September 30, 2024, the District plans to initiate ambulance service (transportation) as part of its rescue service on or about July 2025. NOTE S - SUBSCRIPTION LIABILITY The District entered into multiple subscription-based information technology arrangements for various software. The software range from 3 to 5 year terms and have fixed payments. The District aggregated the subscriptions for reporting purposes. The District used a discount rate ranging from 3.90%to 4.12%to record the present value of the future minimum payments as of the date of implementation. The District is capitalizing the arrangements over a 5 year term consistent with the contract agreement. The future minimum subscription payments as of September 30, 2024 is as follows: Years Ending September 30 Amount 2025 $ 210,016 2026 173,089 2027 135,889 2028 135,889 654,883 Impact of present value discount (58,563) Present value $ 596,320 The amortization of the subscription liability for the year ended September 30, 2024, was $204,517. 16 11A � NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 83 of 113 NOTES TO THE FINANCIAL STATEMENTS September 30,2024 NOTE S - SUBSCRIPTION LIABILITY, CONTINUED At September 30, 2024,the right of use-subscription asset and right of use- subscription liability balances are as follows: Amount Right of use subscription asset,current $ 210,016 Right of use subscription asset,noncurrent 369,588 $ 579,604 Right of use subscription liability,current $ 164,009 Right of use subscription liability,noncurrent 432,311 $ 596,320 16 ! 1A5 COMBINING FINANCIAL STATEMENTS BY SERVICE DELIVERY AREA 16I1A � NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 84 of 113 COMBINING BALANCE SHEET -GENERAL FUND - BY SERVICE DELIVERY AREA September 30,2024 North Naples Big Corkscrew Total Service Island Service General Delivery Area Delivery Area Eliminations Fund ASSETS Cash and cash equivalents $ 3,444,582 $ 1,470,223 $ - $ 4,914,805 Restricted cash and cash equivalents - - - - Investments 22,922,912 5,228,850 - 28,151,762 Due from other governments 596,324 143,771 - 740,095 Due from other funds 1,150,404 - (860,223) 290,181 Other receivables,net 112,443 - - 112,443 Prepaid expenses 1,596,952 - - 1,596,952 TOTAL ASSETS $ 29,823,617 $ 6,842,844 $ (860,223) $ 35,806,238 LIABILITIES AND FUND BALANCE LIABILITIES Accounts payable and accrued expenses $ 3,861,343 $ - $ - $ 3,861,343 Retainage payable - - - - Due to other funds 9,825 860,223 (860,223) 9,825 Contract deposits 17,500 - - 17,500 Unearned revenue 11,182 - - _ 11,182 TOTAL LIABILITIES 3,899,850 860,223 (860,223) 3,899,850 FUND BALANCE Nonspendable 1,596,952 - - 1,596,952 Restricted - - - - Assigned 24,326,815 5,982,621 - 30,309,436 Unassigned - - - - TOTAL FUND BALANCE 25,923,767 5,982,621 - 31,906,388 TOTAL LIABILITIES AND FUND BALANCE $ 29,823,617 $ 6,842,844 $ (860,223) $ 35,806,238 The accompanying notes are an integral part of this statement. 1611A9 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 85 of 113 COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -GENERAL FUND - BY SERVICE DELIVERY AREA Year Ended September 30,2024 General Fund North Naples Big Corkscrew Total Service Island Service General Delivery Area Delivery Area Fund REVENUES Ad Valorem taxes $ 46,604,223 $ 12,711,229 $ 59,315,452 Intergovernmental revenue: State firefighter supplement 111,376 - 111,376 Federal grants 198,197 - 198,197 Other Intergovernmental 44,439 - 44,439 Charges for services 820,571 - 820,571 Miscellaneous: Interest 1,473,473 851,238 2,324,711 Other 253,927 24,883 278,810 TOTAL REVENUES 49,506,206 13,587,350 63,093,556 EXPENDITURES Current Public safety Personnel services 34,482,383 10,299,933 44,782,316 Operating expenditures 8,162,907 2,399,140 10,562,047 Capital outlay 3,815,474 670,860 4,486,334 Debt service: Principal reduction 681,124 203,453 884,577 Interest and fiscal charges 79,111 23,630 102,741 Reserves - - - TOTAL EXPENDITURES 47,220,999 13,597,016 60,818,015 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES 2,285,207 (9,666) 2,275,541 OTHER FINANCING SOURCES AND(USES) Proceeds from financing lease - - - Proceeds from disposition of capital assets 1,721,150 - 1,721,150 Transfer in Transfer out - - - TOTAL OTHER FINANCING SOURCES AND(USES) 1,721,150 - 1,721,150 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES 4,006,357 (9,666) 3,996,691 FUND BALANCE-Beginning 21,917,410 5,992,287 27,909,697 FUND BALANCE-Ending $ 25,923,767 $ 5,982,621 $ 31,906,388 The accompanying notes are an integral part of this statement. 16 11A � REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 86 of 1 13 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL- GENERAL FUND - SUMMARY STATEMENT -NORTH NAPLES SDA Year Ended September 30,2024 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 45,737,562 $ 45,737,562 $ 46,604,223 $ 866,661 Intergovernmental revenue: State firefighter supplement 73,920 73,920 111,376 37,456 Federal grants 28,040 94,106 198,197 104,091 Other Intergovernmental 29,520 29,520 44,439 14,919 Charges for services 651,200 651,200 820,571 169,371 Miscellaneous: Interest 516,000 1,093,500 1,473,473 379,973 Other 176,511 176,511 253,927 77,416 Subtotal-revenues 47,212,753 47,856,319 49,506,206 1,649,887 Cash brought forward 21,307,147 21,917,410 - (21,917,410) TOTAL REVENUES 68,519,900 69,773,729 49,506,206 (20,267,523) EXPENDITURES Current Public safety Personnel services 36,186,714 36,186,714 34,482,383 1,704,331 Operating expenditures 8,959,034 9,040,500 8,162,907 877,593 Capital outlay 1,491,578 2,261,578 3,815,474 (1,553,896) Debt service: Principal reduction 683,434 683,434 681,124 2,310 Interest and fiscal charges 79,111 79,111 79,111 - Reserves 21,156,029 21,558,392 - 21,558,392 TOTAL EXPENDITURES 68,555,900 69,809,729 47,220,999 22,588,730 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES (36,000) (36,000) 2,285,207 2,321,207 OTHER FINANCING SOURCES AND(USES) Proceeds from financing lease - - - - Proceeds from disposition of capital assets 36,000 36,000 1,721,150 1,685,150 Transfer in - - - - Transfer out - - - - TOTAL OTHER FINANCING SOURCES AND(USES) 36,000 36,000 1,721,150 1,685,150 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - $ - 4,006,357 $ 4,006,357 FUND BALANCE-Beginning 21,917,410 FUND BALANCE-Ending $ 25,923,767 The accompanying notes are an integral part of this statement. 16 11A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 87 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL GENERAL FUND - DETAILED STATEMENT -NORTH NAPLES SDA Year Ended September 30,2024 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 45,737,562 $ 45,737,562 $ 46,604,223 $ 866,661 Intergovernmental revenue: State firefighter supplement 73,920 73,920 111,376 37,456 Federal and State grants 28,040 94,106 198,197 104,091 Other Intergovernmental 29,520 29,520 44,439 14,919 Charges for services 651,200 651,200 820,571 169,371 Miscellaneous: Interest 516,000 1,093,500 1,473,473 379,973 Other 176,511 176,511 253,927 77,416 Subtotal-revenues 47,212,753 47,856,319 49,506,206 1,649,887 Cash brought forward 21,307,147 21,917,410 - (21,917,410) TOTAL REVENUES 68,519,900 69,773,729 49,506,206 (20,267,523) EXPENDITURES Current Public safety Personnel services: Salaries Firefighters&Admin. 17,288,531 17,288,531 16,465,258 823,273 Commissioners 23,100 23,100 23,100 - Overtime 1,157,924 1,157,924 1,345,608 (187,684) Vacation pay 166,320 166,320 176,366 (10,046) Sick leave 766,468 766,468 526,209 240,259 Professional/Incentives and holiday pay 2,145,631 2,145,631 2,010,207 135,424 Payroll taxes Social Security 1,765,490 1,765,490 1,535,012 230,478 Benefits Retirement 6,725,585 6,725,585 6,774,227 (48,642) Health insurance(including HSA) 4,973,477 4,973,477 4,436,312 537,165 Disability insurance 94,061 94,061 69,556 24,505 Unemployment - - - - Workers compensation 691,824 691,824 750,558 (58,734) Medical clinic/employee physicals 384,453 384,453 331,236 53,217 Post employment health plan(PEHP) - - 36,190 (36,190) Retirement recognition 3,850 3,850 2,544 1,306 Subtotal-Personnel services 36,186,714 36,186,714 34,482,383 1,704,331 The accompanying notes are an integral part of this statement. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 88 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL GENERAL FUND - DETAILED STATEMENT-NORTH NAPLES SDA (CONTINUED) Year Ended September 30,2024 General Fund Variance Original Final Favorable Operating expenditures: Budget Budget Actual (Unfavorable) Insurance 1,205,172 1,205,172 998,286 206,886 Organization and community funding 21,175 21,175 7,719 13,456 Uniforms 175,714 175,714 160,299 15,415 Communications 118,811 118,811 110,252 8,559 Telephone 307,230 307,230 325,771 (18,541) Utilities 231,000 231,000 253,756 (22,756) Maintenance Vehicle 529,952 529,952 479,006 50,946 Equipment 70,070 70,070 7,455 62,615 Computer 1,137,290 1,137,290 1,070,734 66,556 Hydrant 77,000 77,000 89,025 (12,025) Building 835,091 835,091 762,640 72,451 Supplies Office 36,960 36,960 44,466 (7,506) Protective gear 347,886 347,886 319,574 28,312 Station 69,916 69,916 81,952 (12,036) Emergency medical 305,646 305,646 232,422 73,224 Enterprise Lease/Rental 222,354 222,354 211,467 10,887 Equipment Office 23,716 23,716 10,366 13,350 Fire 368,907 368,907 350,270 18,637 Shop 41,195 41,195 45,590 (4,395) Warehouse/logistics 32,225 32,225 30,676 1,549 Professional and other fees Legal and professional 573,019 588,419 517,494 70,925 Property appraiser fees 340,356 340,356 311,652 28,704 Tax collector fees 920,251 920,251 926,800 (6,549) Accounting 46,200 46,200 45,815 385 Bad debt expense - - 27,000 (27,000) Miscellaneous Travel 102,448 102,448 69,300 33,148 Public information officer 41,503 41,503 48,911 (7,408) Fuel and oil 279,125 279,125 283,108 (3,983) Legal advertisements 6,930 6,930 4,548 2,382 Dues and subscriptions 13,163 13,163 11,550 1,613 CERT team 7,700 7,700 232 7,468 Dive team 8,855 8,855 7,696 1,159 Fire prevention 9,625 9,625 12,683 (3,058) Training 318,260 384,326 194,826 189,500 Hazardous materials 18,157 18,157 16,071 2,086 Technical rescue 50,758 50,758 32,324 18,434 Boat team 13,090 13,090 9,528 3,562 SAR technical rescue team//K9 36,883 36,883 36,616 267 Hurricane/Emergency Supplies - - 1,430 (1,430) Miscellaneous 15,401 15,401 13,597 1,804 Operational Reserves Contingency - - - - Subtotal-Operating expenditures 8,959,034 9,040,500 8,162,907 877,593 The accompanying notes are an integral part of this statement. 16 I lAg NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 89 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL GENERAL FUND - DETAILED STATEMENT-NORTH NAPLES SDA(CONTINUED) Year Ended September 30,2024 General Fund Variance Original Final Favorable Capital outlay: Budget Budget Actual (Unfavorable) Land - - 1,569,546 (1,569,546) Station improvements 115,885 115,885 95,657 20,228 Fire&rescue equipment 80,850 80,850 38,642 42,208 Protective gear - - - - Medical equipment 127,258 127,258 111,951 15,307 Station equipment - - - - Communication equipment 242,550 242,550 118,554 123,996 Computers 61,600 61,600 37,837 23,763 TRT 42,350 42,350 34,353 7,997 Training equipment - - - - Hazardous materials equipment - - - - DRT-HazMat Equipment - - 9,155 (9,155) Vehicle purchase 20,790 20,790 96,589 (75,799) Fire apparatus 724,835 1,494,835 1,568,607 (73,772) Shop equipment 9,240 9,240 - 9,240 Logistics/Warehouse 66,220 66,220 88,383 (22,163) Construction in progress - - 46,200 (46,200) Dive equipment - - - - Subtotal-Capital outlay 1,491,578 2,261,578 3,815,474 (1,553,896) Debt service: Principal reduction 683,434 683,434 681,124 2,310 Interest and fiscal charges 79,111 79,111 79,111 - Subtotal-Debt service 762,545 762,545 760,235 2,310 Reserves: Reserves 21,156,029 21,558,392 - 21,558,392 TOTAL EXPENDITURES 68,555,900 69,809,729 47,220,999 22,588,730 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES (36,000) (36,000) 2,285,207 2,321,207 OTHER FINANCING SOURCES AND(USES) Proceeds from capital lease - - - - Proceeds from disposition of capital assets 36,000 36,000 1,721,150 1,685,150 Transfers in - - - - Transfers out - - _ - - TOTAL OTHER FINANCING SOURCES AND(USES) 36,000 36,000 1,721,150 1,685,150 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER)EXPENDITURES AND OTHER FINANCING USES $ - $ - 4,006,357 $ 4,006,357 FUND BALANCE-Beginning 21,917,410 FUND BALANCE-Ending $ 25,923,767 The accompanying notes are an integral part of this statement. t 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 90 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL - GENERAL FUND- SUMMARY STATEMENT -BIG CORKSCREW ISLAND SDA Year Ended September 30,2024 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 12,405,207 $ 12,405,207 $ 12,711,229 $ 306,022 Intergovernmental revenue: State firefighter supplement 22,080 22,080 - (22,080) Federal grants - 19,734 - (19,734) Other intergovernmental - - - - Charges for services - - - - Miscellaneous: Interest 254,000 426,500 851,238 424,738 Other 27,643 27,643 24,883 (2,760) Subtotal-revenues 12,708,930 12,901,164 13,587,350 686,186 Cash brought forward 5,586,951 5,992,287 - (5,992,287) TOTAL REVENUES 18,295,881 18,893,451 13,587,350 (5,306,101) EXPENDITURES Current Public safety Personnel services 10,809,017 10,809,017 10,299,933 509,084 Operating expenditures 2,638,192 2,662,526 2,399,140 263,386 Capital outlay 445,536 675,536 670,860 4,676 Debt service: Principal reduction 204,143 204,143 203,453 690 Interest and fiscal charges 23,630 23,630 23,630 - Reserves 4,175,363 4,518,599 - 4,518,599 TOTAL EXPENDITURES 18,295,881 18,893,451 13,597,016 5,296,435 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - (9,666) (9,666) OTHER FINANCING SOURCES AND USES Proceeds from financing lease - - - - Proceeds from disposition of capital assets - - - - Transfer in/(out) - - - - TOTAL OTHER FINANCING SOURCES AND USES - - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - $ - (9,666) $ (9,666) FUND BALANCE-Beginning 5,992,287 FUND BALANCE-Ending $ 5,982,621 The accompanying notes are an integral part of this statement. 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 91 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL - GENERAL FUND - DETAILED STATEMENT-BIG CORKSCREW ISLAND SDA Year Ended September 30,2024 General Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 12,405,207 $ 12,405,207 $ 12,711,229 $ 306,022 Intergovernmental revenue: State firefighter supplement 22,080 22,080 - (22,080) Federal and State grants - 19,734 - (19,734) Other intergovernmental - - - - Charges for services - - - - Miscellaneous: Interest 254,000 426,500 851,238 424,738 Other 27,643 27,643 24,883 (2,760) Subtotal-revenues 12,708,930 12,901,164 13,587,350 686,186 Cash brought forward 5,586,951 5,992,287 - (5,992,287) TOTAL REVENUES 18,295,881 18,893,451 13,587,350 (5,306,101) EXPENDITURES Current Public safety Personnel services: Salaries Firefighters&Admin. 5,164,107 5,164,107 4,918,193 245,914 Salaries-harmonization - - - - Commissioners 6,900 6,900 6,900 - Overtime 345,873 345,873 401,936 (56,063) Vacation pay 49,680 49,680 52,681 (3,001) Sick leave 228,945 228,945 157,179 71,766 Incentives and holiday pay 640,903 640,903 600,451 40,452 Payroll taxes Social Security 527,354 527,354 458,510 68,844 Benefits Retirement 2,008,940 2,008,940 2,023,470 (14,530) Health insurance(including HSA) 1,485,584 1,485,584 1,325,132 160,452 Disability insurance 28,096 28,096 20,777 7,319 Benefits harmonization - - - - Unemployment - - - - Workers compensation 206,648 206,648 224,193 (17,545) Medical clinic/employee physicals 114,837 114,837 98,941 15,896 Post employment health plan(PEHP) - - 10,810 (10,810) Retirement recognition 1,150 1,150 760 390 Subtotal-Personnel services 10,809,017 10,809,017 10,299,933 509,084 The accompanying notes are an integral part of this statement. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 92 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL- GENERAL FUND - DETAILED STATEMENT -BIG CORKSCREW ISLAND SDA(CONTINUED) Year Ended September 30,2024 General Fund Variance Original Final Favorable Operating expenditures: Budget Budget _ Actual (Unfavorable) Insurance 359,986 359,986 298,189 61,797 Organization and community funding 6,325 6,325 2,306 4,019 Uniforms 52,486 52,486 47,882 4,604 Communications 35,489 35,489 32,933 2,556 Telephone 91,770 91,770 97,308 (5,538) Utilities 69,000 69,000 75,797 (6,797) Maintenance Vehicle 158,298 158,298 143,080 15,218 Equipment 20,930 20,930 2,227 18,703 Computer 339,710 339,710 319,830 19,880 Hydrant 23,000 23,000 26,592 (3,592) Building 249,444 249,444 227,799 21,645 Supplies Office 11,040 11,040 13,281 (2,241) Protective gear 103,914 103,914 95,457 8,457 Station 20,884 20,884 24,479 (3,595) Emergency medical 91,297 91,297 78,243 13,054 Enterprise Lease/Rental 66,417 66,417 63,166 3,251 Equipment Office 7,084 7,084 3,099 3,985 Fire 110,193 110,193 98,665 11,528 Shop 12,305 12,305 13,618 (1,313) Warehouse/logistics 9,625 9,625 9,163 462 Professional and other fees Legal and professional 171,161 175,761 154,576 21,185 Property appraiser fees 85,057 85,057 77,956 7,101 Tax collector fees 253,604 253,604 260,901 (7,297) Accounting 13,800 13,800 13,685 115 Miscellaneous Travel 30,602 30,602 20,700 9,902 Public information officer 12,397 12,397 15,575 (3,178) Public education officer - - - - Fuel and oil 83,375 83,375 84,565 (1,190) Legal advertisements 2,070 2,070 1,359 711 Dues and subscriptions 3,932 3,932 3,450 482 CERT team 2,300 2,300 69 2,231 Dive team 2,645 2,645 2,299 346 Fire prevention 2,875 2,875 2,823 52 Training 95,065 114,799 49,331 65,468 Hazardous materials 5,423 5,423 10,761 (5,338) Technical rescue 15,162 15,162 9,655 5,507 Boat team 3,910 3,910 2,846 1,064 K-9 search and rescue 11,017 11,017 10,937 80 Hurricane/Emergency Supplies - - 427 (427) Miscellaneous 4,600 4,600 4,111 489 Operational Reserves Contingency - - - - Subtotal-Operating expenditures 2,638,192 2,662,526 2,399,140 263,386 The accompanying notes are an integral part of this statement. 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 93 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND - DETAILED STATEMENT-BIG CORKSCREW ISLAND SDA(CONTINUED) Year Ended September 30,2024 General Fund Variance Original Final Favorable Capital outlay: Budget Budget Actual (Unfavorable) Land - - - - Station improvements 34,615 34,615 28,573 6,042 Fire&rescue equipment 24,150 24,150 11,542 12,608 Protective gear - - - - Medical equipment 38,012 38,012 33,440 4,572 Station equipment - - - - Communication equipment 72,450 72,450 35,412 37,038 Computers 18,400 18,400 11,302 7,098 TRT 12,650 12,650 10,261 2,389 Training equipment - - - - Hazardous material equipment - - 2,734 (2,734) DRT-HazMat Equipment - - - - Vehicle purchase 6,210 6,210 28,851 (22,641) Fire apparatus 216,509 446,509 468,545 (22,036) Shop equipment 2,760 2,760 - 2,760 Construction in progress - - 13,800 (13,800) Logistics/Warehouse 19,780 19,780 26,400 (6,620) Subtotal-Capital outlay 445,536 675,536 670,860 4,676 Debt service: Principal reduction 204,143 204,143 203,453 690 Interest and fiscal charges 23,630 23,630 23,630 - Subtotal-Debt service 227,773 227,773 227,083 690 Reserves: Reserves 4,175,363 4,518,599 - 4,518,599 TOTAL EXPENDITURES 18,295,881 18,893,451 13,597,016 5,296,435 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - (9,666) (9,666) OTHER FINANCING SOURCES AND(USES) Proceeds from financing lease - - - - Proceeds from disposition of capital assets - - - - Transfer in/(out) - - - - TOTAL OTHER FINANCING SOURCES AND(USES) - - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER)EXPENDITURES AND OTHER FINANCING USES $ - $ - (9,666) $ (9,666) FUND BALANCE-Beginning 5,992,287 FUND BALANCE-Ending $ 5,982,621 The accompanying notes are an integral part of this statement. 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 94 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE- COMBINED SERVICE DELIVERY AREAS - BUDGET AND ACTUAL -IMPACT FEE FUND - SUMMARY STATEMENT Year Ended September 30,2024 Impact Fee Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Fees: Impact fees $ 509,000 $ 18,000 $ - $ (18,000) Impact Fees-Collected/Deferred 91,000 786,000 - (786,000) Miscellaneous: Interest 5,000 375,000 17,268 (357,732) Transfer from General Fund - - - - Other - - - - Subtotal-revenues 605,000 1,179,000 17,268 (1,161,732) Cash brought forward 7,346,724 7,135,354 - (7,135,354) TOTAL REVENUES 7,951,724 8,314,354 17,268 (8,297,086) EXPENDITURES Current Public safety Operating expenditures 14,000 18,000 17,268 732 Capital outlay 500,000 - - - Debt service: Principal - - - - Interest and fiscal charges - - - - Reserves 7,437,724 8,296,354 - 8,296,354 TOTAL EXPENDITURES 7,951,724 8,314,354 17,268 8,297,086 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - - - OTHER FINANCING SOURCES AND(USES) Transfers in(out) - - - - TOTAL OTHER FINANCING SOURCES AND(USES) - - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - $ - - $ - FUND BALANCE-Beginning - FUND BALANCE-Ending $ - The accompanying notes are an integral part of this statement. 16 I lA F NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 95 of 1 13 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -COMBINED SERVICE DELIVERY AREAS - BUDGET AND ACTUAL -IMPACT FEE FUND -DETAILED STATEMENT Year Ended September 30,2024 Impact Fee Fund Variance Original Final Favorable REVENUES Budget Budget Actual (Unfavorable) Fees: Impact fees $ 509,000 $ 18,000 $ - $ (18,000) Impact Fees-Collected/Deferred 91,000 786,000 - (786,000) Miscellaneous: Interest 5,000 375,000 17,268 (357,732) Transfer from General Fund - - - - Other - - - - Subtotal-revenues 605,000 1,179,000 17,268 (1,161,732) Cash brought forward 7,346,724 7,135,354 - (7,135,354) TOTAL REVENUES 7,951,724 8,314,354 17,268 (8,297,086) EXPENDITURES Operating expenditures: Impact fee collection 9,000 18,000 17,268 732 Professional fees 5,000 - - - Subtotal-Operating expenditures 14,000 18,000 17,268 732 Capital outlay: Preplanning - - - - Construction in progress 500,000 - - - Emergency signal-station#42 - - - - Temporary station lease - - - - Subtotal-Capital outlay 500,000 - - - Debt service: Principal - - - - Interest and fiscal charges - - - - Subtotal-Debt service - - - - Reserves: 7,437,724 8,296.354 - 8.296.354 TOTAL EXPENDITURES 7,951,724 8,314,354 17,268 8,297,086 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - - - OTHER FINANCING SOURCES AND(USES) Transfers in(out) - - - - TOTAL OTHER FINANCING SOURCES AND(USES) - - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - $ - - $ - FUND BALANCE-Beginning - FUND BALANCE-Ending $ - The accompanying notes are an integral part of this statement. 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 96 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL -COMBINED SERVICE DELIVERY AREA- INSPECTION FEE FUND - SUMMARY STATEMENT Year Ended September 30,2024 Inspection Fee Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Charges for services Inspection fees $ 1,000,000 $ 1,100,000 $ 1,430,027 $ 330,027 Plan review fees 1,000,000 1,100,000 1,460,005 360,005 Miscellaneous: Interest 4,000 4,000 7,153 3,153 Other - - - - Subtotal-revenues 2,004,000 2,204,000 2,897,185 693,185 Cash brought forward _ 343,188 1,091,261 - (1,091,261) TOTAL REVENUES 2,347,188 3,295,261 2,897,185 (398,076) EXPENDITURES Current Public safety Personnel services 1,828,949 2,028,950 1,937,487 91,463 Operating expenditures 197,600 197,600 114,363 83,237 Capital outlay - - - - Reserves 320,639 1,068,711 - 1,068,711 TOTAL EXPENDITURES 2,347,188 3,295,261 2,051,850 1,243,411 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES $ - $ - 845,335 $ 845.335 FUND BALANCE-Beginning 1,091,261 FUND BALANCE-Ending $ 1.936,596 The accompanying notes are an integral part of this statement. 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 97 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL - COMBINED SERVICE DELVERY AREA-INSPECTION FEE FUND - DETAILED STATEMENT Year Ended September 30,2024 Inspection Fee Fund Variance Original Final Favorable Budget Budget Actual (Unfavorable) REVENUES Charges for services: Inspection fees $ 1,000,000 $ 1,100,000 $ 1,430,027 $ 330,027 Plan review fees 1,000,000 1,100,000 1,460,005 360,005 Miscellaneous: Interest 4,000 4,000 7,153 3,153 Other - - - - Subtotal-revenues 2,004,000 2,204,000 2,897,185 693,185 Cash brought forward 343,188 1,091,261 - (1,091,261) TOTAL REVENUES 2,347,188 3,295,261 2,897,185 (398,076) EXPENDITURES Current Public safety Personnel services: Salaries Regular 1,075,507 1,175,505 1,114,913 60,592 Overtime 45,000 45,000 38,275 6,725 Sick leave 50,000 50,000 42,844 7,156 Vacation pay - - 12,274 (12,274) Professional/Incentives and holiday pay 12,720 12,720 26,226 (13,506) Payroll taxes Social Security 90,517 90,517 94,442 (3,925) Benefits Retirement 202,601 302,604 291,882 10,722 Post employment health plan(PEHP) - - - - Health insurance(including HSA) 284,927 284,927 268,471 16,456 Disability insurance 5,439 5,439 - 5,439 Medical clinic/employee physicals 22,232 22,232 - 22,232 Unemployment compensation - - - - Workers compensation 40,006 40,006 48,160 (8,154) Subtotal-Personnel services 1,828,949 2,028,950 1,937,487 91,463 The accompanying notes are an integral part of this statement. 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 98 of 113 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL -COMBINED SERVICE DELVERY AREA-INSPECTION FEE FUND -DETAILED STATEMENT (CONTINUED) Year Ended September 30,2024 Inspection Fee Fund Variance Original Final Favorable Operating expenditures: Budget Budget Actual (Unfavorable) Uniforms $ - $ - $ - $ - Telephone - - - - Utilities - - - - Rent 50,000 50,000 50,000 - Maintenance Computer software&supplies 58,800 58,800 39,778 19,022 Hydrant - - - - Supplies Office - - 3,631 (3,631) Miscellaneous Dues&subscriptions 8,800 8,800 4,428 4,372 Public Education 50,000 50,000 11,700 38,300 Training 15,000 15,000 200 14,800 Travel 15,000 15,000 4,626 10,374 Subtotal-Operating expenditures 197,600 197,600 114,363 83,237 Capital outlay: Office facility - - - - Vehicles - - - - Subtotal-Capital outlay - - - - Debt service: Principal reduction - - - - Interest and fiscal charges - - - - Subtotal-Debt service - - - - Reserves: 320,639 1,068,711 - 1,068,711 TOTAL EXPENDITURES 2,347,188 3,295,261 2,051,850 1,243,411 EXCESS OF REVENUES OVER(UNDER) EXPENDITURES $ - $ - 845,335 $ 845,335 FUND BALANCE-Beginning 1,091,261 FUND BALANCE-Ending $ 1,936,596 The accompanying notes are an integral part of this statement. 16I1g55 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT SCHEDULE OF DISTRICT'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY -FLORIDA RETIREMENT SYSTEM(FRS) PENSION PLAN (1) Fiscal year ending September 30: 2024 2023 2022 2021 District's proportion of the net pension liability 0.014314588% 0.015929135% 0.017548069% 0.019684338% District's proportionate share of the net pension liability $ 5,537,566 $ 6,347,256 $ 6,529,292 $ 1,486,928 District's covered-employee payroll $ 4,932,850 $ 5,043,715 $ 4,736,812 $ 5,145,270 District's proportionate share of the net pension liability as a percentage of its covered-employee payroll 112.26% 125.84% 137.84% 28.90% Plan fiduciary net position as a percentage of the total pension liability 82.38% 82.38% 82.89% 96.40% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. SCHEDULE OF DISTRICT CONTRIBUTIONS - FLORIDA RETIREMENT SYSTEM (FRS) PENSION PLAN(1) 2024 2023 2022 2021 Contractually required contribution $ 975,553 $ 923,570 $ 827,071 $ 845,377 Contributions in relation to the contractually required contribution 975,553 923,570 827,071 845,377 Contribution deficiency(excess) $ - $ - $ - $ - District's covered-employee payroll $ 4,932,850 $ 5,043,715 $ 4,736,812 $ 5,145,270 Contributions as a percentage of covered-employee payroll 19.78% 18.31% 17.46% 16.43% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. GASB 68 requires information for 10 years. However,until a full 10-year trend is compiled, governments should present information for only those years for which information is available. Note: Measurement date was June 30 within the respective fiscal year. ' 6I1A5 Page 99 of 1 13 2020 2019 2018 2017 2016 2015 0.021696122% 0.027233351% 0.031414516% 0.038802719% 0.040983896% 0.038209683% $ 9,403,419 $ 9,378,787 $ 9,462,215 $ 11,477,584 $ 10,348,466 $ 4,935,293 $ 4,887,399 $ 5,436,629 $ 5,753,921 $ 6,933,311 $ 6,745,995 $ 6,326,722 192.40% 172.51% 164.45% 165.54% 153.40% 78.01% 78.85% 82.61% 84.26% 83.89% 84.88% 92.00% 2020 2019 2018 2017 2016 2015 $ 775,095 $ 887,696 $ 912,380 $ 1,119,238 $ 1,099,170 $ 967,270 775,095 887,696 912,380 1,119,238 1,099,170 967,270 $ - $ - $ - $ - $ - $ - $ 4,887,399 $ 5,436,629 $ 5,753,921 $ 6,933,311 $ 6,745,995 $ 6,326,722 15.86% 16.33% 15.86% 16.14% 16.29% 15.29% 16 11A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT SCHEDULE OF DISTRICT'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY -HEALTH INSURANCE SUBSIDY(HIS) PENSION PLAN (1) Fiscal year ending September 30: 2024 2023 2022 2021 District's proportion of the net pension liability 0.011739615% 0.012602682% 0.013541536% 0.014266437% District's proportionate share of the net pension liability $ 1,761,057 $ 2,001,474 $ 1,434,265 $ 1,749,993 District's covered-employee payroll $ 4,932,850 $ 5,043,715 $ 4,736,812 $ 5,145,270 District's proportionate share of the net pension liability as a percentage of its covered-employee payroll 35.70% 39.68% 30.28% 34.01% Plan fiduciary net position as a percentage of the total pension liability 4.80% 4.12% 4.81% 3.56% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. SCHEDULE OF DISTRICT CONTRIBUTIONS - HEALTH INSURANCE SUBSIDY (HIS)PENSION PLAN(1) 2024 2023 2022 2021 Contractually required contribution $ 62,269 $ 58,951 $ 52,792 $ 53,960 Contributions in relation to the contractually required contribution 62,269 58,951 52,792 53,960 Contribution deficiency(excess) $ - $ - $ - $ - District's covered-employee payroll $ 4,932,850 $ 5,043,715 $ 4,736,812 $ 5,145,270 Contributions as a percentage of covered-employee payroll 1.26% 1.17% 1.11% 1.05% Notes: (1)The amounts presented for each fiscal year were determined as of September 30. GASB 68 requires information for 10 years. However,until a full 10-year trend is compiled, governments should present information for only those years for which information is available. Note: Measurement date was June 30 within the respective fiscal year. 16 l 1A 5 Page 100 of 113 2020 2019 2018 2017 2016 2015 0.014221549% 0.016634678% 0.019013168% 0.021233558% 0.021530658% 0.02 1 1 3 8780% $ 1,736,428 $ 1,861,254 $ 2,012,375 $ 2,270,390 $ 2,509,309 $ 2,155,823 $ 4,887,399 $ 5,436,629 $ 5,753,921 $ 6,933,311 $ 6,745,995 $ 6,326,722 35.53% 34.24% 34.97% 32.75% 37.20% 34.07% 3.00% 2.63% 2.15% 1.64% 0.97% 0.50% 2020 2019 2018 2017 2016 2015 $ 58,340 $ 66,816 $ 68,674 $ 84,244 $ 87,198 $ 78,787 58,340 66,816 68,674 84,244 87,198 78,787 $ - $ - $ - $ - $ - $ $ 4,887,399 $ 5,436,629 $ 5,753,921 $ 6,933,311 $ 6,745,995 $ 6,326,722 1.19% 1.23% 1.19% 1.22% 1.29% 1.25% 1 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 101 of 113 NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION - FRS/HIS September 30,2024 Changes of Assumptions Actuarial assumptions for both cost-sharing defined benefit plans are reviewed annually by the Florida Retirement System Actuarial Assumptions Conference. The FRS Pension Plan has a valuation performed annually. The HIS Program has a valuation performed biennially that is updated for GASB reporting in the year a valuation is not performed. The most recent experience study for the FRS Pension Plan was completed for the period July 1, 2018 through June 30, 2023. Because the HIS Program is funded on a pay-as-you-go basis, no experience study has been completed for that program. The actuarial assumptions that determined the total pension liability for the HIS Program were based on certain results of the most recent experience study for the FRS Pension Plan. The total pension liability for each cost-sharing defined benefit plan was determined using the individual entry age actuarial cost method. Inflation increases for both plans is assumed at 2.40%. Payroll growth, including inflation, for both plans is assumed at 3.50%. Both the discount rate and the long-term expected rate of return used for FRS Pension Plan investments remained unchanged at 6.70%. The Plan's fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the discount rate for calculating the total pension liability is equal to the long-term expected rate of return. Because the HIS Program uses a pay-as-you-go funding structure, a municipal bond rate was increased from 3.65%to 3.93%and was used to determine the total pension liability for the program (Bond Buyer General Obligation 20-Bond Municipal Bond Index). Mortality assumptions for both plans were based on the Generational PUB-2010 with Projection Scale MP-2021. Florida Retirement System Pension Plan There were changes in actuarial assumptions. As of June 30, 2024,the inflation rate assumption remained unchanged at 2.40 percent, the real payroll growth assumption increased to 1.1 percent, and the overall payroll growth rate assumption increased to 3.50 percent. The long-term expected rate of return was unchanged at 6.70 percent. Health Insurance Subsidy_Pension Plan The municipal rate used to determine total pension liability increased from 3.65 percent to 3.93 percent. 1641A � NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 102 of 113 NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION - FRS/HIS September 30,2024 Pension Expense and Deferred Outflows/Inflows of Resources In accordance with GASB 68,paragraphs 54 and 71, changes in the net pension liability are recognized in pension expense in the current measurement period, except as indicated below. For each of the following, a portion is recognized in pension expense in the current reporting period, and the balance is amortized as deferred outflows or deferred inflows of resources using a systematic and rational method over a closed period, as defined below: • Differences between expected and actual experience with regard to economic and demographic factors - amortized over the average expected remaining service life of all employees that are provided with pensions through the pension plan (active and inactive employees) • Changes of assumptions or other inputs - amortized over the average expected remaining service life of all employees that are provided with pensions through the pension plan (active and inactive employees) • Changes in proportion and differences between contributions and proportionate share of contributions - amortized over the average expected remaining service life of all employees that are provided with pensions through the pension plan (active and inactive employees) • Differences between expected and actual earnings on pension plan investments - amortized over five years Employer contributions to the pension plans from employers are not included in collective pension expense. However, employee contributions are used to reduce pension expense. The average expected remaining service life of all employees provided with pensions through the pension plans at June 30, 2024 was 5.3 years for FRS and was 6.3 years for HIS. 16 1 lair NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY AND RELATED RATIOS GASB 75 Changes in Employer's Net OPEB Liability and Related Ratios as of September 30: Net OPEB Liability 2024 2023 2022 Service Cost $ 832,579 $ 892,320 $ 922,094 Interest Cost on Total OPEB Liability 568,536 283,697 244,295 Changes in Benefit Terms 1,424,849 - - Differences Between Expected and Actual Experience - 351,309 - Changes in Assumptions (127,365) (687,183) (384,047) Benefit Payments (565,597) (510,375) (476,986) Net Change in net OPEB Liability 2,133,002 329,768 305,356 Net OPEB Liability-Beginning of Year 11,365,910 11,036,142 10,730,786 Net OPEB Liability-End of Year $ 13,498,912 $ 11,365,910 $ 11,036,142 Measurement Date 9/30/2023 9/30/2022 9/30/2021 NOTE: Information for FY 2017 and earlier is not available. Plan Fiduciary Net Position as of September 30: 2024 2023 2022 Contributions-Employer(including PEHP) $ 565,597 $ 510,395 $ 476,986 Net Investment Income - - - Benefit Payments (565,597) (510,395) (476,986) Administrative Expense - Net Change in Fiduciary Net Position - - - Fiduciary Net Position-Beginning of Year - - - Fiduciary Net Position-End of Year $ - $ - $ - Net OPEB Liability $ 13,498,912 $ 11,365,910 $ 11,036,142 Fiduciary Net Position as a%of Net OPEB Liability 0.00% 0.00% 0.00% Covered-Employee Payroll* Net OPEB Liability as a%of Payroll * *Because this OPEB plan does not depend of salary,no information is provided. NOTE: Information for FY 2017 and earlier is not available. Notes to the Schedule: Benefit Changes None Changes of Assumptions The discount rate was changed as follows: 9/30/18 3.64% 9/30/19 4.18% 9/30/20 3.58% 9/30/21 2.14% 9/30/22 2.43% 9/30/23 4.77% 9/30/24 4.87% Medical insurance credit per 2022-25 collective bargaining agreement Population covered by Plan:309 Plan has no specific trust established.$0 assigned for OPEB. 1 6 i 1 A 5 Page 103 of 113 2021 2020 2019 2018 $ 663,293 $ 557,861 $ 684,930 $ 723,937 372,430 385,797 387,918 326,072 165,655 - 417,788 - 34,233 591,573 (2,363,827) (620,125) (484,966) (449,043) (406,464) (373,760) 750,645 1,086,188 (1,279,655) 56,124 9,980,141 8,893,953 10,173,608 10,117,484 $ 10,730,786 $ 9,980,141 $ 8,893,953 $ 10,173,608 9/30/2020 9/30/2019 9/30/2018 9/30/2017 2021 2020 2019 2018 $ 484,966 $ 449,043 $ 406,464 $ 373,760 (484,966) (449,043) (406,464) (373,760) $ - $ - $ - $ - $ 10,730,786 $ 9,980,141 $ 8,893,953 $ 10,173,608 0.00% 0.00% 0.00% 0.00% 16 I NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT A SCHEDULE OF CHANGES IN THE DISTRICT'S NET PENSION LIABILITY AND RELATED RATIOS (UNAUDITED) -FIREFIGHTERS' PENSION TRUST FUND 2024 2023 2022 TOTAL PENSION LIABILITY: Net Change in Total Pension Liability $ 23,847,571 $ 13,987,583 $ 14,644,849 Total Pension Liability-Beginning of Year 154,909,381 140,921,798 126,276,949 Total Pension Liability-End of Year $ 178,756,952 $ 154,909,381 $ 140,921,798 2024 2023 2022 PLAN FIDUCIARY NET POSITION: Net Change in Fiduciary Net Position $ 33,370,217 $ 16,014,413 $ (15,600,828) Fiduciary Net Position-Beginning of Year 128,911,267 _ 112,896,854 128,497,682 Fiduciary Net Position-End of Year $ 162,281,484 $ 128,911,267 $ 112,896,854 NET PENSION(ASSET)LIABIITY-ENDING $ 16,475,468 $ 25,998,114 $ 28,024,944 PLAN FIDUCIARY ENDING NET POSITION AS A PERCENTAGE OF TOTAL PENSION LIABILITY 90.78% 83.22% 80.11% COVERED EMPLOYEE PAYROLL $ 20,177,944 $ 19,250,524 $ 15,999,295 NET PENSION LIABILITY AS A PERCENTAGE OF COVERED EMPLOYEE PAYROLL 81.65% 135.05% 175.16% This schedule is presented as required by accounting principles generally accepted in the United States of America,however,until a full 10-year trend is completed,information is presented for those years available. The accompanying independent auditor's report should be read with these supplemental schedules. 1 6 I 1 A 5 Page 104 of 113 2021 2020 2019 2018 2017 2016 2015 $ 15,964,922 $ 13,059,479 $ 13,150,199 $ 10,364,336 $ 12,030,957 $ 10,165,305 $ 4,074,169 110,312,027 97,252,548 84,102,349 73,738,012 61,707,055 51,541,750 47,467,581 $126,276,949 $110,312,027 $ 97,252,548 $ 84,102,348 $ 73,738,012 $ 61,707,055 $ 51,541,750 2021 2020 2019 2018 2017 2016 2015 $ 26,671,007 $ 12,933,225 $ 7,964,763 $ 10,180,873 $ 12,234,865 $ 6,978,753 $ 2,344,624 101,826,675 88,893,450 80,928,687 70,747,813 58,512,948 51,534,195 49,189,571 $128,497,682 $101,826,675 $ 88,893,450 $ 80,928,686 $ 70,747,813 $ 58,512,948 $ 51,534,195 $ (2,220,733) $ 8,485,352 $ 8,359,098 $ 3,173,662 $ 2,990,199 $ 3,194,107 $ 7,555 101.76% 92.31% 91.40% 96.23% 95.94% 94.82% 99.99% $ 15,825,800 $ 14,829,151 $ 14,434,146 $ 13,739,853 $ 13,771,976 $ 11,890,295 $ 9,671,942 -14.03% 57.22% 57.91% 23.10% 21.71% 26.86% 0.08% The accompanying independent auditor's report should be read with these supplemental schedules. 16 I lA NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT SCHEDULE OF DISTRICT CONTRIBUTIONS (UNAUDITED) - FIREFIGHTERS' PENSION TRUST FUND 2024 2023 2022 2021 Contractually required contribution* $ 7,941,482 $ 4,369,708 $ 3,706,614 $ 3,606,617 Contributions in relation to the contractually required contribution 7,941,482 4,369,708 3,706,614 3,606,617 Contribution deficiency(excess) $ - $ - $ - $ _ District's covered-employee payroll $ 20,177,944 $ 19,250,524 $ 15,999,295 $ 15,825,800 Contributions as a percentage of covered-employee payroll 39.36% 22.70% 23.17% 22.79% GASB 68 requires information for 10 years. However,until a full 10-year trend is compiled, governments should present information for only those years for which information is available. Note: Measurement date was September 30 within the respective fiscal year. *Employer only 16 l 1A5 Page 105 of 113 2020 2019 2018 2017 2016 2015 $ 2,306,381 $ 2,769,139 $ 2,990,030 $ 2,933,393 $ 1,735,437 $ 1,107,133 2,306,381 2,769,139 2,990,030 2,933,393 1,735,437 1,107,133 $ - $ - $ - $ - $ - $ $ 14,829,151 $ 14,434,146 $ 13,739,853 $ 13,771,976 $ 11,890,295 $ 9,671,942 15.55% 19.18% 21.76% 21.30% 14.60% 11.45% 1611A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 106 of 113 SCHEDULE OF INVESTMENT RETURNS - (UNAUDITED) FIREFIGHTERS' PENSION TRUST FUND Annual Money- Weighted Rate of return net of Year Ended investment September 30: expense 2024 18.17% 2023 9.07% 2022 (15.85%) 2021 20.28% 2020 9.40% 2019 3.58% 2018 8.82% 2018 13.28% 2016 7.21% 2015 (0.68%) 2014 9.31% 2013 12.79% 2012 15.23% 2011 (2.12%) 16I1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 107 of 113 NOTES TO THE REQUIRED SUPPLEMENTARY INFORMATION - FIREFIGHTERS' PENSION TRUST FUND September 30,2024 Firefighters' Pension Trust Fund Valuation date 10/01/23 Actuarial cost method Entry Age Normal Actuarial Cost Method Amortization method New UAAL - Amount over 15 years Mortality table PUB 2010 - MP-2018 Combined Healthy Remaining amortization period 15 years (as of 10/1/23) Actuarial asset valuation method Fair Value Net of Investment Expense Actuarial assumptions: Investment rate 7.0% (net of fees) Projected salary increase Service based Inflation 2.5% Post retirement cost of living adjustment 3% Measurement date September 30, 2024 Retirement age Age 55 and 6 years of service (age 55 and 10 years of service if hired after December 31, 2014) or 25 years of credited service regardless of age. Changes of Assumptions For the year ended September 30, 2024, the following changes to assumptions: Participant(employee) contribution changed from 7.48%to 7.0%. 16I1A5 ADDITIONAL REPORTS HSC/Tuscan b 1 I1 5 & Company, PA CERTIFIED PUBLIC ACCOUNTANTS &CONSULTANTS Page 108 of 113 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 North Collier Fire Control and Rescue District 1885 Veterans Park Drive Naples, Florida 34109-0492 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 governmental activities and each major and non-major fund of North Collier Fire Control and Rescue District(the "District") as of and for the year ended September 30, 2024, and the related notes to the financial statements which collectively comprise the District's basic financial statements as listed in the table of contents and have issued our report thereon dated May 15, 2025. Other auditors audited the financial statements of the District's Firefighters' Pension Trust Fund, as described in our report on the District's financial statements. This report does not include the results of the other auditors' testing of internal control over financial reporting or compliance and other matters that are reported on separately by those auditors. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the 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 the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the 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 INTEGRITY SERVICE EXPERIENCE 1470 Royal Palm Square Blvd.. Fort Myers, FL 33919-1049 Phone:(239)939-2233•Fax:(239)939-0554•www.hsctuscan.com 1 6 I 1 A 5 Page 109 of 113 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 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 have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether North Collier Fire Control and Rescue District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the 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 of 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. tise//444440) HSC/TUSCAN & COMPANY, P.A. Fort Myers, Florida May 15, 2025 HSC/Tuscan 16I 1A & Company, PA CERTIFIED PUBLIC ACCOUNTANTS &CONSULTANTS Page 110 of 113 INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE WITH SECTION 218.415,FLORIDA STATUTES Board of Commissioners North Collier Fire Control and Rescue District 1885 Veterans Park Drive Naples, Florida 34109-0492 We have examined North Collier Fire Control and Rescue District's compliance with Section 218.415, Florida Statutes, regarding the investment of public funds during the year ended September 30, 2024. Management is responsible for North Collier Fire Control and Rescue District's compliance with those requirements. Our responsibility is to express an opinion on North Collier Fire Control and Rescue 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 North Collier Fire Control and Rescue 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 North Collier Fire Control and Rescue District's compliance with specified requirements. In our opinion, North Collier Fire Control and Rescue District complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2024. This'report is intended solely for the information and use'of the North Collier Fire Control and Rescue 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. / ) 4 4444p HSC/TUSCAN & COMPANY, P.A. Fort Myers, Florida May 15, 2025 INTEGRITY SERVICE EXPERIENCE 1470 Royal Palm Square Blvd..Fort Myers,FL 33919-1049 Phone:(239)939-2233•Fax:(239)939-0554•www.hsctuscan.com HSC/Tuscan 16 1 1A5 & Company, PA CERTIFIED PUBLIC ACCOUNTANTS &CONSULTANTS Page 111 of 113 INDEPENDENT AUDITOR'S REPORT TO MANAGEMENT Board of Commissioners North Collier Fire Control and Rescue District 1885 Veterans Park Drive Naples, Florida 34109-0492 We have audited the accompanying basic financial statements of North Collier Fire Control and Rescue District (the "District") as of and for the year ended September 30, 2024, and have issued our report thereon dated May 15, 2025. 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 and Chapter 10.550, Rules of the Florida Auditor General. Disclosures in those reports, which are dated May 15, 2025, 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. The prior year report contained no financially significant comments. • Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. No such recommendations were noted to improve financial management. INTEGRITY SERVICE EXPERIENCE 1470 Royal Palm Square Blvd.. Fort Myers,FL 33919-1049 Phone:(239)939-2233•Fax:(239)939-0554•www.hsctuscan.com � 6I1A5 Page 112 of 113 • 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 described in Auditor General Rule Section 10.554(1)(i)(5).a. • Pursuant to Section 10.554(1)(i)5b.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 District(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)7, Rules of the Auditor General, requires disclosure of certain unaudited data. See Exhibit 2. 16 11A5 Page 113 of 113 • Pursuant to Section 10.554(1)(i)8. Rules of the Auditor General, requires an independent special district that imposes ad valorem taxes to disclose certain related unaudited data. See Exhibit 2. • Pursuant to Section 10.554(1)(i)9, 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 District'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 May 15, 2025, included herein. PRIOR YEAR COMMENTS: There were no financially significant prior year comments. CURRENT YEAR COMMENTS: There were no financially significant comments noted. 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. the, 71.4441,44.4, / . 4 • HSC/TUSCAN & COMPANY, P.A. Fort Myers, Florida May 15, 2025 1 6 I 1 A 5 EXHIBIT 1 FIRE tii IIIR I 11A5 44rT2O,b May 30, 2025 Auditor General's Office Local Government Audits/342 Claude Pepper Building, Room 401 111 West Madison Street Tallahassee, FL 32399-1450 We are pleased to note that the audit report for the fiscal year 2023/2024 for the North Collier Fire Control and Rescue District reflected no current or prior year comments which require management's response. The Board of Fire Commissioners and management staff of the North Collier Fire Control & Rescue District maintain their commitment to create and maintain internal controls, and policy and procedures to insure accurate reporting, accountability and provide for the financial stability of the District. Sincerely, NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT 1885 Veterans Park Drive Naples, FL 34109•(239)597-3222•northcollierfire.com FIRE CHIEF ELOY RICARDO BOARD OF FIRE COMMISSIONERS M.James Burke•Christopher L.Crossan.James A.Calamari•Norman E. Feder•J.Christopher Lombardo 1 6 1 1 A 5 EXHIBIT 2 6I1A5 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). 283 including 5 Board of Commissioners members 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). 16 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) $27,918,620 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) $1,321,074 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). None 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 page 3 -6. i 6 I 1 A 5 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. North Naples Service Delivery Area: 1.000 Big Corkscrew Island Service Delivery Area: 3.750 b. The current year gross amount of ad valorem taxes collected by or on behalf of the district. $59,315,452 c. The total amount of outstanding bonds issued by the district and terms of such bonds. N/A 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. N/A b. The total amount of special assessments collected by or on behalf of the district. N/A c. The total amount of outstanding bonds issued by the district and the terms of such bonds. N/A 16I1AM NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 3 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL - GENERAL FUND - SUMMARY STATEMENT-NORTH NAPLES SDA Year Ended September 30,2024 General Fund Variance Original Favorable Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 45,737,562 $ 46,604,223 $ 866,661 Intergovernmental revenue: State firefighter supplement 73,920 111,376 37,456 Federal grants 28,040 198,197 170,157 Other Intergovernmental 29,520 44,439 14,919 Charges for services 651,200 820,571 169,371 Miscellaneous: Interest 516,000 1,473,473 957,473 Other 176,511 253,927 77,416 Subtotal-revenues 47,212,753 49,506,206 2,293,453 Cash brought forward 21,307,147 - (21,307,147) TOTAL REVENUES 68,519,900 49,506,206 (19,013,694) EXPENDITURES Current Public safety Personnel services 36,186,714 34,482,383 1,704,331 ' Operating expenditures 8,959,034 8,162,907 796,127 Capital outlay 1,491,578 3,815,474 (2,323,896) Debt service: Principal reduction 683,434 681,124 2,310 Interest and fiscal charges 79,111 79,111 - Reserves 21,156,029 - 21,156,029 TOTAL EXPENDITURES 68,555,900 47,220,999 21,334,901 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES (36,000) 2,285,207 2,321,207 OTHER FINANCING SOURCES AND(USES) Proceeds from financing lease - - - Proceeds from disposition of capital assets 36,000 1,721,150 1,685,150 Transfer in - - - Transfer out - - - TOTAL OTHER FINANCING SOURCES AND(USES) 36,000 1,721,150 1,685,150 EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - 4,006,357 $ 4,006,357 FUND BALANCE-Beginning 21,917,410 FUND BALANCE-Ending $ 25,923.767 The accompanying notes are an integral part of this statement. 16 1 1A5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 4 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE -BUDGET AND ACTUAL - GENERAL FUND - SUMMARY STATEMENT -BIG CORKSCREW ISLAND SDA Year Ended September 30,2024 General Fund Variance Original Favorable Budget Actual (Unfavorable) REVENUES Ad Valorem taxes $ 12,405,207 $ 12,711,229 $ 306,022 Intergovernmental revenue: State firefighter supplement 22,080 - (22,080) Federal grants - - - Other intergovernmental - - - Charges for services - - - Miscellaneous: Interest 254,000 851,238 597,238 Other 27,643 24,883 (2,760) Subtotal-revenues 12,708,930 13,587,350 878,420 Cash brought forward 5,586,951 - (5,586,951) TOTAL REVENUES 18,295,881 13,587,350 (4,708,531) EXPENDITURES Current Public safety Personnel services 10,809,017 10,299,933 509,084 Operating expenditures 2,638,192 2,399,140 239,052 Capital outlay 445,536 670,860 (225,324) Debt service: - Principal reduction 204,143 203,453 690 Interest and fiscal charges 23,630 23,630 - Reserves 4,175,363 - 4,175,363 TOTAL EXPENDITURES 18,295,881 13,597,016 4,698,865 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - (9,666) (9,666) OTHER FINANCING SOURCES AND USES Proceeds from financing lease - - - Proceeds from disposition of capital assets - - - Transfer in/(out) - - - TOTAL OTHER FINANCING SOURCES AND USES - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - (9,666) $ (9,666) FUND BALANCE-Beginning 5,992,287 FUND BALANCE-Ending $ 5,982,621 The accompanying notes are an integral part of this statement. 16 1 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 5 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE - COMBINED SERVICE DELIVERY AREAS - BUDGET AND ACTUAL -IMPACT FEE FUND- SUMMARY STATEMENT Year Ended September 30,2024 Impact Fee Fund Variance Original Favorable Budget Actual (Unfavorable) REVENUES Fees: Impact fees $ 509,000 $ - $ (509,000) Impact Fees-Collected/Deferred 91,000 - (91,000) Miscellaneous: Interest 5,000 17,268 12,268 Transfer from General Fund - - - Other - - - Subtotal-revenues 605,000 17,268 (587,732) Cash brought forward 7,346,724 - (7,346,724) TOTAL REVENUES 7,951,724 17,268 (7,934,456) EXPENDITURES Current Public safety Operating expenditures 14,000 17,268 (3,268) Capital outlay 500,000 - 500,000 Debt service: Principal - - - Interest and fiscal charges - - - Reserves 7,437,724 - 7,437,724 TOTAL EXPENDITURES 7,951,724 17.268 7,934,456 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES - - - OTHER FINANCING SOURCES AND(USES) Transfers in(out) - - - TOTAL OTHER FINANCING SOURCES AND(USES) - - - EXCESS OF REVENUES AND OTHER FINANCING SOURCES OVER(UNDER) EXPENDITURES AND OTHER FINANCING USES $ - - $ - FUND BALANCE-Beginning - FUND BALANCE-Ending $ - The accompanying notes are an integral part of this statement. i 6 I 1 A 5 NORTH COLLIER FIRE CONTROL AND RESCUE DISTRICT Page 6 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL -COMBINED SERVICE DELIVERY AREA- INSPECTION FEE FUND - SUMMARY STATEMENT Year Ended September 30,2024 Inspection Fee Fund Variance Original Favorable Budget Actual (Unfavorable) REVENUES Charges for services Inspection fees $ 1,000,000 $ 1,430,027 $ 430,027 Plan review fees 1,000,000 1,460,005 460,005 Miscellaneous: Interest 4,000 7,153 3,153 Other - - - Subtotal-revenues 2,004,000 2,897,185 893,185 Cash brought forward 343,188 - (343,188) TOTAL REVENUES 2,347,188 2,897,185 549,997 EXPENDITURES Current Public safety Personnel services 1,828,949 1,937,487 (108,538) Operating expenditures 197,600 114,363 83,237 Capital outlay - - - Reserves 320,639 - 320,639 TOTAL EXPENDITURES 2,347,188 2,051,850 295,338 EXCESS OF REVENUES OVER(UNDER)EXPENDITURES $ - 845,335 $ 845,335 FUND BALANCE-Beginning 1,091,261 FUND BALANCE-Ending $ 1,936,596 The accompanying notes are an integral part of this statement. 1 6 I 1A -I D m - 73 0 00m 5 X * � rnr -imunmDK -i -0ooQ a O KG) 5 zzeD FITco _ ° m o m m X O v c m Iv o 3 c m o 0 QQom D j N (_n con (CD m 0 , Cu O m c0 C) O Q 4. m (Dci) Q Q C a n a) m m m - D m m -,. , o v (n < Cl.) m 3 c co a0Sp �' cmi D (no umi X (n < 3 m n�i nCi 0-�. r m nco O-o w n ° c m C ° CD O O O C) (u G7 CD < o 71 m m 3 m (o c ▪ (n = m Iv m C m m Iv. cn N D m `n (- m m m • o' m m co n° -, = 6O < a c' u>co i m m m m m n N m �, m xm 5. cn m c o m (n o (n CD CD c w `n 3 c� CDCD `n -0 U) I CD Iv CD O m m O N o CD WN O a) U) N — C...) a '''' () tC - CO CO - N CO N 01 - 03 A 0) 03 - W -t N 0.) 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CID O) 0) O O O O O O O O O O O O O O 1611A6 RESOLUTION NO.2025-2 C' A RESOLUTION OF THE BOARD OF SUPERVISORS OF HERITAGE GREENS COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT'S PROPOSED BUDGET FOR FISCAL YEAR 2026 AND SETTING A PUBUC HEARING PURSUANT TO FLORIDA LAW. WHEREAS, the manager of the Heritage Greens Community Development District ("District")prepared and proposed the budget for Fiscal Year 2026 to the Board of Supervisors of the District on May 19,2025 and WHEREAS,the Board of Supervisors has considered said proposed budget for Fiscal Year 2026 and desires to set the required public hearing thereon; BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HERITAGE GREENS COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS: Section 1. The Board of Supervisors of the District hereby approves the budget for Fiscal Year 2025 as presented on May 19, 2025 for the purpose of conducting a public hearing to adopt said budget. Section 2. A public hearing on said approved budget is hereby declared and set for the following date, hour and place: Date: July 21,2025 Hour: 10:00 AM Place: Heritage Greens Clubhouse Naples, Florida Section 3. Notice of this public hearing on the budget shall be published in a newspaper of general circulation in the area of the district once a week for two (2) consecutive weeks, except that first publication shall not be fewer than 20 days prior to the date of the hearing. The notice shall further contain a designation of the day, time, and place of the public hearing.At the time designated in the notice,the Board shall hear all objections to the budget as proposed and may make such changes as the Board deems necessary. Section 4. This resolution shall become effective immediately upon its passage. PASSED AND ADOPTED this 19th .. • if May, 2025. 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WHEREAS, the manager of the Lely Community Development District ("District") prepared and proposed the budget for Fiscal Year 2026 to the Board of Supervisors of the District on May 21, 2025 and WHEREAS,the Board of Supervisors has considered said proposed budget for Fiscal Year 2026 and desires to set the required public hearing thereon; BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LELY COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS: Section 1. The Board of Supervisors of the District hereby approves the budget for Fiscal Year 2026 as presented on May 21, 2025,for the purpose of conducting a public hearing to adopt said budget. Section 2. A public hearing on said approved budget is hereby declared and set for the following date, hour,and place: Date: July 16, 2025 Hour: 1:30 PM Place: LCDD Maintenance Building Naples, Florida Section 3. Notice of this public hearing on the budget shall be published in a newspaper of general circulation in the area of the district once a week for two (2) consecutive weeks, except that first publication shall not be fewer than 20 days prior to the date of the hearing. The notice shall further contain a designation of the day, time, and place of the public hearing.At the time designated in the notice, the Board shall hear all objections to the budget as proposed and may make such changes as the Board deems necessary. Section 4. This resolution shall become effective immediately upon its passage. PASSED AND ADOPTED this 21'day of May 2025. Attest: LELY COMMUNITY DEVELOPM DISTR aiaJlavi'11,6,i1442.11 Chairman Sec ta ry/Assistant Secretary l6I1AA; es $ § g $ § o § . § § Gi oo $ � ooa0000000 M O O O Cn O pO O O CC) u') O O y a0 aO O O O N O CO CI N N N COO N U) O a- 01 N N N CV Le) a0 fV .... 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(0 O CCC CC 1- C./O LeiO O� O O CD N C ► C tod N N (O a1 CV cn O a) N Q N co N O N C • O S b 51- 0 o a) ) a to •o CO a U) N O N L Fco (D N (MD asO D, ( . i i . a M O. G CDC u-) (B } 2 ~ N U = 7) Q a in cn g g , , , , I oet O o § co(0 N'O 3 m cr U T V. 0, Q H) s U N N o 15 c) cmp m N O O cn alV () .0 O OCI con N V �N ( N CI Q) ER V (V c O 0 N c E O aa)) N h Q 1 a 1 C Li 4 Lk=y - d C S. pp G- Cud == y= co ani c M" c c 4. (� a) m xa d CD .Y .p8} (TQ� 1 § a yNa N C L ! •". 0 m C 3 (.) O U) c7 > a co i 3 c7 3 1- LI w (O 1611A8 RESOLUTION NO. 2025-3 A RESOLUTION OF THE BOARD OF SUPERVISORS OF PELICAN MARSH COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT'S PROPOSED BUDGET FOR FISCAL YEAR 2026 AND SETTING A PUBLIC HEARING PURSUANT TO FLORIDA LAW. WHEREAS, the manager of the PELICAN MARSH COMMUNITY DEVELOPMENT DISTRICT ("District")prepared and proposed the budget for Fiscal Year 2026 to the Board of Supervisors of the District on May 21, 2025 and WHEREAS, the Board of Supervisors has considered said proposed budget for Fiscal Year 2026 and desires to set the required public hearing thereon; BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PELICAN MARSH COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS: Section 1. The Board of Supervisors of the District hereby approves the budget for Fiscal Year 2026 as presented on May 21, 2025, for the purpose of conducting a public hearing to adopt said budget. Section 2. A public hearing on said approved budget is hereby declared and set for the following date, hour, and place: Date: July 16, 2025 Hour: 9:00 AM Place: Pelican Marsh Community Center, 1504 Pelican Marsh Blvd., Naples, FL 34109 Section 3. Notice of this public hearing on the budget shall be published in a newspaper of general circulation in the area of the district once a week for two (2) consecutive weeks, except that first publication shall not be fewer than 20 days prior to the date of the hearing. The notice shall further contain a designation of the day, time, and place of the public hearing. At the time designated in the notice, the Board shall hear all objections to the budget as proposed and may make such changes as the Board deems necessary. Section 4. This resolution shall become effective immediately upon its passage. PASSED AND ADOPTED this 21st day of May 2025. Attest: PELICAN MARSH COMMUNITY DEVELO T-BISTRICT • hairman Secreta Assistant Secretary 16 11Ac CDycvv � -0CMQPD -01" Qcncn5vmfg) L5 � * OT- oaaaaai3o e CO COa = ci3O. .< fi, , s -I@0 -maco * °: CD < D) min o o Q- ipf'o CD `c 2 Z �-pn3 d -. 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WHEREAS, the manager of the PORT OF THE ISLANDS COMMUNITY IMPROVEMENT DISTRICT ("District") prepared and proposed the budget for Fiscal Year 2026 to the Board of Supervisors of the District on May 16,2025 and WHEREAS,the Board of Supervisors has considered said proposed budget for Fiscal Year 2026 and desires to set the required public hearing thereon; BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PORT OF THE ISLANDS COMMUNITY IMPROVEMENT DISTRICT AS FOLLOWS: Section 1. The Board of Supervisors of the District hereby approves the budget for Fiscal Year 2026 as presented on May 16, 2025,for the purpose of conducting a public hearing to adopt said budget. Section 2. A public hearing on said approved budget is hereby declared and set for the following date, hour,and place: 0 Date: July 18,2025 Hour: 9:30 AM Place: Orchid Cove Clubhouse 25005 Peacock Lane Naples, Florida 34114 Section 3. Notice of this public hearing on the budget shall be published in a newspaper of general circulation in the area of the district once a week for two (2) consecutive weeks, except that first publication shall not be fewer than 20 days prior to the date of the hearing. The notice shall further contain a designation of the day, time, and place of the public hearing.At the time designated in the notice,the Board shall hear all objections to the budget as proposed and may make such changes as the Board deems necessary. Section 4. This resolution shall become effective immediately upon its passage. PASSED AND ADOPTED this 16Th day of May 2025. Attest: PORT OF THE ISLANDS COMMUNITY ' : •VEMENT DISTRICT Chairman Secr-tary/ sistant Secretary