Saddle Creek Preserve of Polk County Community Development District

Meeting Agenda October 22, 2024

Saddle Creek Preserve of Polk County
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

October 15, 2024

Board of Supervisors Meeting
Saddle Creek Preserve of Polk County Community Development District
Dear Board Members:

A meeting of the Board of Supervisors of the Saddle Creek Preserve of Polk County Community Development District will be held Tuesday, October 22, 2024 at 1:00 PM at The Hampton Inn—Lakeland, 4420 North Socrum Loop Road, Lakeland, FL 33809.

Zoom Link: https://us06web.zoom.us/j/85458044464
Call-In Information: 1-646-876-9923
Meeting ID: 854 5804 4464

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers may submit questions and comments to the District Manager prior to the beginning of the meeting via email at mvirgen@gmscfl.com)
Approval of Minutes of the August 27, 2024 Board of Supervisors Meeting
Consideration of District Property Conveyance Documents (to be provided under separate cover)
Ratification of Audit Services Engagement Letter for Fiscal Year 2024 Audit Services with Grau & Associates
Staff Reports
Attorney
Engineer
Field Manager’s Report
Update Regarding Hurricane Repairs
Consideration of Proposal for Road Repair on Trotters Way
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

1 Comments will be limited to three (3) minutes

MINUTES
MINUTES OF MEETING
SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Saddle Creek Preserve of Polk County Community Development District was held Tuesday, August 27, 2024 at 1:00 p.m. at The Hampton Inn – Lakeland, 4420 North Socrum Loop Road, Lakeland, Florida.

Present and constituting a quorum:
Mike Seney	Vice Chairman
Lori Campagna	Assistant Secretary
Sean Finotti	Assistant Secretary
Kelly Evans by Zoom	Assistant Secretary Also present were:
Monica Virgen	District Manager, GMS
Jill Burns by Zoom	District Manager, GMS
Grace Kobitter	District Counsel, Kilinski Van Wyk
Allen Bailey	Field Manager, GMS

The following is a summary of the discussions and actions taken at the August 27, 2024 Saddle Creek Preserve of Polk County Community Development District’s Board of Supervisors Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Virgen called the meeting to order at 1:00 p.m. and called roll. Three Board members were present constituting a quorum. Ms. Evans participated by zoom.

SECOND ORDER OF BUSNESS	Public Comment Period
Ms. Virgen stated this is the public comment period for agenda items.
Ms. Porous commented on cars parking near stop signs and noted she had dash cam evidence that Florida statutes were being violated. She also commented on the security officer at the pool enforcing the rules.

Ms. Jenkins commented on the erosion on Yellow Trail and a leaning fence with holes under the fence. She added she has reported the issue several times but has had no response for repair.
Ms. Webster commented on the parking issues on the street prohibiting emergency vehicles to enter the community.
Audience members stated issues with the rules, sprinkler system, attendance at the meeting, difficulty with the HOA and CDD addressing safety concerns, and wanting answers to the issues. Other public comments were on the landscaping vendors cutting corners, the Board not responding to concerns, meetings cancelled and a request to reschedule meetings, frustrations in the community, total darkness due to no lighting, wildlife concerns, safety issues, rain created a pond that is not draining, mosquito issues, community very frustrated with issues, lack of communication with the Board, same conversations over and over with no resolutions or timelines
to address the issues, and residents not having a timeline for issues.
Ms. Campagna addressed several of the issues, including landscaping issues, and she noted the Board has talked to the vendors on the problems. Comments were made on the issues with the wetlands and spraying, treatments, weeding, trespassing in residential areas, Prince & Sons, account manager, on site hourly employees and follow-up concerns.
She then addressed security at the pool with the pool monitor and added that no reports could be shared on reprimands to personnel. District Counsel commented that reports are not made available due to confidentiality. She added pool monitors will be gone after Labor Day.
Other issues were addressed with the flooding, lighting, modified parking plan not addressed, and road depression. Mr. Bailey addressed vendors and engineers, the findings with depression, timelines, permits, and the drainage issues in the rear of the community are being addressed. Mr. Bailey explained the work being done to address the issues.
Ms. Campagna will request the signage be removed again, the no trespassing sign installation, repair and clean up issues, inspections will be conducted to give guidance on how to address issues, the bond issues, area with concerns, and bringing in equipment for the building.
Ms. Campagna noted the mailboxes will be addressed with HOA, agenda item on adding District Manager as assistant secretary, scheduling meetings, and cancellations. She explained the process for cancelling meetings if there is no business. Ms. Burns addressed the public comment period, and noted residents cannot add to the meeting agenda.

Ms. Campagna explained the process for addressing concerns and noted sometimes they do not have answers. Residents can ask for updates on projects by emails due to Florida Sunshine law.
Mr. Finotti addressed the lighting issue with the electric company and the broken conduit issue. He noted the timeline and issues with having the electric company respond. He added construction is delaying repairs and contractors are hired to address the problem.

THIRD ORDER OF BUSINESS	Approval of Minutes of the June 25, 2024
Board of Supervisors Meeting
Ms. Virgen asked for approval of the minutes from the June 25, 2024 Board of Supervisors meeting. These minutes have been reviewed by District management and counsel. The Board had no changes to the minutes.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-11
Appointing an Assistant Secretary
Ms. Virgen noted this resolution will appoint herself as an assistant secretary to allow her to sign documents for the district.

FIFTH ORDER OF BUSINESS	Ratification	of	Towing	Services
Agreement with Big Jay’s Towing, Inc.
Ms. Virgen noted once the no parking on the grass areas had been established the Board contracted with a towing vendor to enforce the policies with Big Jay’s Towing, Inc. This just needs ratification. It was asked if a specific area was included near the stop sign. She noted there are maps to address the locations. She noted the local police will have to address the other areas.

SIXTH ORDER OF BUSINESS	Discussion	Regarding	Amending	the
Parking and Towing Policies for the District
Ms. Virgen noted there had been requests from the community to request additional parking policies. She added the proposed parking policies had been brought to the Board, but resident feedback was the residents did not want one side of the street parking which would alleviate the issues. At the last meeting the Board adopted a policy on no parking on any of the landscape areas. She noted they had request for no commercial vehicles overnight which includes 10:00pm to 6:00am. This would also include towing of abandoned vehicles. It was noted this may be an HOA issue and new state rules may affect decisions.
Ms. Campagna suggested to table this issue. Ms. Burns explained the opinion of counsel was the rule did not apply to commercial vehicles but suggested the Board table this item. Ms. Virgen will have the Board review further and if needed schedule a public meeting.

SEVENTH ORDER OF BUSINESS	Presentation of Fiscal Year 2023 Audit
Report
Ms. Virgen noted this is the audit report for the fiscal year 2023 audit that is required each year. She noted it was provided by Grau and Associates and it was noted there were no findings.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Kobitter had nothing further to report.

Engineer
The engineer was not in attendance.

Field Manager’s Report
Mr. Bailey presented the field manager’s report to include pond trash pick-up, debris removal, gate damage repair, fence repair, electrical area and erosion issues will take time and will be addressed. He noted some overgrowth areas which needs sodding, and the mosquito issues for spraying can be made by residents on the city website. He added the CDD does not spray.

Consideration of Proposal to Add Wildlife Signage in the Community
Mr. Bailey reviewed the proposal for 4 gator signs and wildlife signs close to walkways.
It is for $800.77 and is covered by general maintenance line item.

Consideration of Proposal to Add Solar Lighting at Mailboxes Near Amenity
Mr. Bailey reviewed the proposal for lighting around the mailbox area. He added they will see if 1 solar light will address the issue for $615 and can be taken from amenity line item.

Consideration of Proposal to Replace Missing Umbrella at Amenity Center Pool
Mr. Bailey reviewed the proposal for a missing umbrella at the pool deck. He added the vendor had moved and they would have to use another vendor for the umbrella. He was notified the original vendor (Windward) was still in the area and the Board desired to have a matching umbrella for the replacement. The Board decided to approve a not to exceed amount of $500 from the original vendor.

Presentation of Landscape Maintenance Review
Presentation of Aquatic Maintenance Review
Mr. Bailey noted the aquatic maintenance reviews were addressed but there was water around the Yellow Trail area. Prince & Sons will address the areas they can with the wetness and algae growth. He explained the stages of algae growth and dying. He added overall the ponds are healthy.

Consideration of Contract Renewals and Increases
Consideration of Contract Renewal for Aquatic Maintenance Services with Sitex Aquatics
Mr. Bailey reviewed the contact renewal for Sitex with a notice they would like to continue. He added this is just a written notice to continue services.

Consideration of Price Increase for Pool Maintenance Services Contract with Resort Pools
Mr. Bailey reviewed the price increases for the pool vendor at 5% for chemicals and other maintenance at a cost of $1415/month.

District Manager’s Report
Approval of Check Register
Ms. Virgen presented the check register from June 1st through August 12th totaling
$84,163.67 for approval. Immediately following the check register is the detailed run summary.

Balance Sheet and Income Statement
Ms. Virgen stated the balance and income statement is a part of the agenda. This is provided for informational purposes only and no action is necessary.

NINTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Public Comment:
The umbrella issue was addressed, and it was noted there was a pin and the pole to hold the umbrella in place.
Another resident asked about a specific areas of erosion issues at Yellow Trail and Red Loop. Mr. Bailey noted he had looked at the area, but did not notice major erosion, but he will go back and look again at both areas.
Another resident commented on the differences in opinions on one side of the meeting room and the adversarial situation. He asked about creating a positive meeting environment.
Another comment was made on communication with the CDD Board members and the hired management company with different community groups. The Board reviewed the process of Board meetings, the Board addressing issues, developer issues, HOA rules, Lennar builders in the community, alligator issues, and communication process for better relations.
Online comments were taken from Veronica complimenting the Board and other comments on parking and small groups with opposing views. The Board responded with the district website and public meetings for voicing opinions.
Another comment was made that voting is only for the Board. Pathways for voicing concerns and resident input was discussed. Parking issues will be brought to a future agenda. Other parking suggestions were made on homeowners communicating with each other. A resident asked that the erosion be reviewed again since the storm and needs addressed immediately. It was noted Mr. Bailey will come out and review the erosion issue again.

ELEVENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

Item will be provided under separate cover.

Section V

September 9, 2024 Board of Supervisors
Saddle Creek Preserve of Polk County Community Development District 219 East Livingston Street
Orlando, FL 32801
951 Yamato Road ▪ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We are pleased to confirm our understanding of the services we are to provide Saddle Creek Preserve of Polk County Community Development District, Polk County, Florida (“the District”) for the fiscal year ended September 30, 2024. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of Saddle Creek Preserve of Polk County Community Development District as of and for the fiscal year ended September 30, 2024. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2024 audit.
Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding 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 will 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.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management’s Discussion and Analysis
Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information:
Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of 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 on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.

Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF GRAU & ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT: C/O GOVERNMENTAL MANAGEMENT SERVICES – CENTRAL FLORIDA LLC, 219 EAST LIVINGSTON STREET ORLANDO, FLORIDA 32801, OR RECORDREQUEST@GMSCFL.COM, PH: (407) 841-5524.

Our fee for these services will not exceed $7,200 for the September 30, 2024 audit, unless there is a change in activity by the District which results in additional audit work or if additional Bonds are issued. This agreement may be renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately.

We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide information needed to perform the audit on a timely basis.

The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.

Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out- of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates.
We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2022 peer review report accompanies this letter.

We appreciate the opportunity to be of service to Saddle Creek Preserve of Polk County Community Development District and believe this letter accurately summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Very truly yours, Grau & Associates

Antonio J. Grau

RESPONSE:
This letter correctly sets forth the understanding of Saddle Creek Preserve of Polk County Community Development District.

By: 	

Title: Date:
Chairman

9/28/2024

Section VI

SECTl-"ON·C

	

The lift station fences have been damaged from the hurricane and we are working on replacing them.

Solar Lights

Saddle Creek CDD Field Management Report | GMS 2024

Saddle Creek CDD Field Management Report | GMS 2024

Saddle Creek CDD Field Management Report | GMS 2024

Section 2
DELLAR SITE SERVICES, LLC

DELLAR SITE SERVICES LLC	DSS	
CIVIL SITE & UNDERGROUND UTILITIES CONTRACTOR	SINCE 2019	
P.O. BOX 318. KATHLEEN, FL 33849. (813)-478-1237	STATE CERTIFIED	

09.24.24	
BID PROPOSAL	

cc:

	

PROJECT:	SADDLE CREEK REPAIRS				PROPOSAL DATE:		
LOCATION:	4334 TROTTER WAY				09.24.24		
CITY:							
COMMENTS:							
SECTION and ITEM	ITEM	ITEM	UNIT	ITEM	SECTION		
DESCRIPTIONS	QUANTITY	UNIT	PRICE	EXTENSION	TOTAL		

MOBILIZATION					
MOBILIZATION	1.00	LS	0.00	0.00	
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  SECTION TOTAL :::	3,500.00				

DISCRIPTION						
IMPRESSIONS: DIG OUT/ HAUL OFF	1.00	EA	0.00	0.00		
FLOW FILL	1.00	EA	0.00	0.00		
ASPHALT REPAIR	1.00	EA	0.00	0.00		
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  SECTION TOTAL :::	32,760.00					

TOTAL PROPOSAL  $	36,260.00	

Date of Acceptance :	

DELLAR SITE SERVICES, LLC	Signature :	

Signature :	

Andrew Dellar-President

"LARGE ENOUGH TO MEET YOUR NEEDS . SMALL ENOUGH TO NEED YOU"

Section D

SECTION 1

Summary of Check Register

August 13, 2024 to October 4, 2024

General Fund					
	8/13/24	414-415	$	6,197.76	
	8/20/24	416-423	$	17,966.94	
	8/27/24	424	$	462.20	
	9/3/24	425-428	$	2,073.72	
	9/10/24	429-431	$	19,173.08	
	9/12/24	432	$	90,708.00	
	9/17/24	433-436	$	9,834.53	
	9/20/24	437-443	$	269,680.36	
10/1/24	444-445
 $	667.20 
 $	416,763.79 

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
111	202408 310-51300-34000
MANAGEMENT FEES-AUG24
111	202408 310-51300-35200
WEBSITE ADMIN-AUG24
111	202408 310-51300-35100
INFORMATION TECH-AUG24
111	202408 310-51300-31300
DISSEMINATION SVCS-AUG24
111	202408 310-51300-51000
OFFICE SUPPLIES-AUG24
111	202408 310-51300-42000
POSTAGE-AUG24
112	202408 320-53800-34000
FIELD MANAGEMENT-AUG24
112	202408 320-53800-49000
HAMPTON INN-07/02/24
GOVERNMENTAL MANAGEMENT SERVICES	5,735.56 000414
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/13/24 00051	8/05/24 93650	202408 330-57200-34500	*	462.20
SECURITY SVCS-7/29-8/4/24
NATION SECURITY SERVICES LLC	462.20 000415
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/20/24 00048	8/08/24 I260288	202408 320-53800-47500	*	325.00
LIFT STAT MAINT-08/08/24
8/09/24 I260333	202408 320-53800-47500	*	100.00
LIFT STAT MAINT-08/09/24
8/09/24 I260334	202408 320-53800-47500	*	100.00
LIFT STAT MAINT-08/09/24
AVERETT SEPTIC TANKS	525.00 000416
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/20/24 00040	7/26/24 12854	202407 330-57200-48200	*	675.00
CLEANING SVCS-JUL24
CLEAN STAR SERVICES OF CENTRAL FL	675.00 000417
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/20/24 00022	8/17/24 10098	202407 310-51300-31500	*	1,235.00
ATTORNEY SVCS-JUL24
KILINSKI VAN WYK, PLLC	1,235.00 000418
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/20/24 00047	8/15/24 2210014- 202407 310-51300-31100	*	2,425.00
ENGINEERING SVCS-JUL24
LANDMARK ENGINEERING & SURVEYING	2,425.00 000419
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/20/24 00036	8/01/24 23839	202408 330-57200-48500	*	1,350.00
POOL MAINTENANCE-AUG24
MCDONNELL CORPORATION DBA	1,350.00 000420
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SCPP SAD CREEK PRES CWRIGHT

SECURITY SVCS-8/5-8/11/24

REPLACE VALVES 16 AND 17
1,167.74

LAKE MAINTENANCE-AUG24
1,515.00

SECURITY SVC-8/12-8/18/24
462.20

LIGHTS/TRASH/WASTE/WASH
1,473.72

SUPERVISOR FEES-08.27.24
200.00

SUPERVISOR FEES-08.27.24
200.00

SUPERVISOR FEES-08.27.24

FY25 INSURANCE POLICY
18,275.00

UMBRELLA REPLACEMENTS
435.88

SECURITY SVC-8/26-9/01/24
462.20
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
9/12/24 00053	9/11/24 09112024 202409 300-58100-10000	*	90,708.00
FY24 CAPITAL RESERVE TSFR
SADDLE CREEK PRESERVE C/O SBA	90,708.00 000432
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/17/24 00042	8/14/24 36022	202408 330-57200-48100	*	120.00
PEST CONTROL-AUG24
9/06/24 36629	202409 330-57200-48100	*	120.00
PEST CONTROL-SEP24
ALL AMERICAN LAWN & TREE	240.00 000433
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/17/24 00002	9/01/24 115	202409 310-51300-34000	*	3,343.67
MANAGEMENT FEES-SEP24
9/01/24 115	202409 310-51300-35200	*	100.00
WEBSITE ADMIN-SEP24
9/01/24 115	202409 310-51300-35100	*	150.00
INFORMATION TECH-SEP24
9/01/24 115	202409 310-51300-31300	*	625.00
DISSEMINATION SVCS-SEP24
9/01/24 115	202409 310-51300-51000	*	2.49
OFFICE SUPPLIES-SEP24
9/01/24 115	202409 310-51300-42000	*	50.49
POSTAGE-SEP24
9/01/24 116	202409 320-53800-34000	*	1,391.25
FIELD MANAGEMENT-SEP24
GOVERNMENTAL MANAGEMENT SERVICES	5,662.90 000434
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/17/24 00022	9/09/24 10350	202408 310-51300-31500	*	2,095.38
ATTORNEY SVCS-AUG24
KILINSKI VAN WYK, PLLC	2,095.38 000435
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/17/24 00047	8/15/24 2210014- 202408 310-51300-31100	*	1,836.25
ENGINEERING SVCS-AUG24
LANDMARK ENGINEERING & SURVEYING	1,836.25 000436
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/20/24 00040	8/28/24 13061	202408 330-57200-48200	*	695.00
CLEANING SVCS-AUG24
CLEAN STAR SERVICES OF CENTRAL FL	695.00 000437
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/20/24 00050	7/16/24 108445	202407 330-57200-48000	*	262.08
SERVICE CALL-FIX LOCKS
CURRENT DEMANDS ELECTRICAL &	262.08 000438
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/20/24 00002	7/31/24 114	202407 320-53800-48000	*	1,378.35
CLEAN DEBRIS/MAT/TRASH
9/15/24 117	202409 300-15500-10000	*	5,565.00
ASSESSMENT ROLL-FY25
GOVERNMENTAL MANAGEMENT SERVICES	6,943.35 000439
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SCPP SAD CREEK PRES CWRIGHT

FIX 6" SEALS/NOZZLE/BREAK

FY24 GF EXCESS TRANSFER

LAKE MAINTENANCE-SEP24

EVALUATE LIGHTS & FANS

SECURITY SVCS-8/19-8/25

SCPP SAD CREEK PRES CWRIGHT

Section 2

Saddle Creek Preserve
Community Development District

Unaudited Financial Reporting
August 31, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Series 2020 Debt Service Fund	

5	
	Series 2022 Debt Service Fund	

6	
	Series 2020 Capital Projects Fund	

7	
	Series 2022 Capital Projects Fund	

8	
	Capital Reserve Fund	

9-10	
	Month to Month	

11	
	Long Term Debt Report	

12	
	Assessment Receipt Schedule	
Combined Balance Sheet August 31, 2024

Assets:
Cash:
Operating Account	$	510,367	$	-	$	-	$	510,367							
Capital Projects Account
Series 2020	$	-	$	-	$	269	$	269							
Reserve	$	-	$	156,750	$	-	$	156,750							
Revenue	$	-	$	142,695	$	-	$	142,695							
Construction Series 2022
Reserve	$	-

$	-	$	-	$	2	$	2

$	143,826	$	-	$	143,826							
Revenue	$	-	$	222,986	$	-	$	222,986							
Prepaid Expenses	$	1,684	$	-	$	-	$	1,684							
Total Assets	$	512,051	$	666,257	$	271	$	1,178,579	

Liabilities:
Accounts Payable	$	13,227	$	-	$	-	$	13,227				
Total Liabilities	$	13,227	$	-	$	-	$	13,227				

Fund Balances:
Nonspendable
Deposits & Prepaid Items	$	1,684	

$	-	$	-	$	1,684				
Restricted for:
Debt Service - Series 2020	
$	-	
$	299,445	$	-	$	299,445			
Debt Service - Series 2022	$	-	$	366,813	$	-	$	366,813			
Capital Projects - Series 2020	$	-	$	-	$	271	$	271			
Unassigned	$	497,141	$	-	$	-	$	497,141			
Total Fund Balances	$	498,825	$	666,257	$	271	$	1,165,353	
					
Total Liabilities & Fund Balance	$	512,051	$	666,257	$	271	$	1,178,579	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 08/31/24	Thru 08/31/24	Variance	

Revenues					
Assessments - On Roll	$	604,543	$	604,543	$	607,166	$	2,623	
Total Revenues	$	604,543	$	604,543	$	607,166	$	2,623	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	7,200	$	6,600	$	3,600	$	3,000	
Engineer Fees	$	15,000	$	13,750	$	10,100	$	3,650	
Dissemination Fees	$	25,000	$	25,000	$	6,875	$	18,125	
Assessment Administration	$	7,500	$	7,500	$	5,300	$	2,200	
Arbitrage	$	5,300	$	5,300	$	2,250	$	3,050	
Attorney Fees	$	7,500	$	7,500	$	17,705	$	(10,205)	
Audit Fees	$	900	$	900	$	7,100	$	(6,200)	
Trustee Fees	$	8,082	$	8,082	$	8,081	$	1	
Management Fees	$	40,124	$	36,780	$	36,780	$	(0)	
Information Technology	$	1,800	$	1,650	$	1,650	$	-	
Website Maintenance	$	1,200	$	1,100	$	1,100	$	-	
Postage & Delivery	$	500	$	500	$	729	$	(229)	
Insurance	$	6,397	$	6,397	$	5,758	$	639	
Copies	$	500	$	458	$	69	$	389	
Legal Advertising	$	3,500	$	3,208	$	2,436	$	773	
Other Current Charges	$	1,000	$	917	$	480	$	437	
Office Supplies	$	100	$	92	$	22	$	70	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative:	$	131,778	$	125,909	$	110,210	$	15,700	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 08/31/24	Thru 08/31/24	Variance	

Operations and Maintenance					
Field Expenditures					
Property Insurance	$	10,000	$	10,000	$	11,314	$	(1,314)	
Field Management	$	16,695	$	15,304	$	15,304	$	-	
Landscape Maintenance	$	90,000	$	90,000	$	78,732	$	11,268	
Landscape Replacement	$	25,000	$	22,917	$	3,605	$	19,312	
Mitigation Monitoring	$	25,000	$	22,917	$	-	$	22,917	
Lake Maintenance	$	13,200	$	13,200	$	15,835	$	(2,635)	
Streetlights	$	45,000	$	41,250	$	19,100	$	22,150	
Electric	$	5,000	$	4,583	$	3,569	$	1,014	
Water & Sewer	$	1,000	$	1,000	$	1,515	$	(515)	
Sidewalk & Asphalt Maintenance	$	2,500	$	2,292	$	-	$	2,292	
Irrigation Repairs	$	7,500	$	6,875	$	3,208	$	3,667	
Lift Station Maintenance	$	35,000	$	35,000	$	56,952	$	(21,952)	
General Repairs & Maintenance	$	10,000	$	10,000	$	12,960	$	(2,960)	
Contingency	$	10,000	$	10,000	$	10,465	$	(465)	
Subtotal Field Expenditures	$	295,895	$	285,337	$	232,558	$	52,779	

Amenity Expenditures					
Amenity - Electric	$	14,400	$	13,200	$	2,132	$	11,068	
Amenity - Water	$	5,000	$	4,583	$	-	$	4,583	
Internet	$	1,082	$	1,082	$	1,170	$	(88)	
Pest Control	$	1,280	$	1,280	$	1,320	$	(40)	
Janitorial Service	$	10,200	$	9,350	$	7,045	$	2,305	
Security Services	$	15,000	$	13,750	$	4,581	$	9,169	
Pool Maintenance	$	19,200	$	17,600	$	15,130	$	2,470	
Amenity Repairs & Maintenance	$	10,000	$	9,167	$	1,941	$	7,226	
Contingency	$	10,000	$	9,167	$	631	$	8,536	
Subtotal Amenity Expenditures	$	86,162	$	79,179	$	33,949	$	45,230	
					
Total Expenditures	$	513,835	$	490,425	$	376,717	$	113,709	
					
Excess (Deficiency) of Revenues over Expenditures	$	90,708		$	230,449		

Other Financing Sources /(Uses)					
Transfer In (Out)	$	(90,708)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(90,708)		$	-		
					
Net Change in Fund Balance	$	-		$	230,449		
					
Fund Balance - Beginning	$	-		$	268,376		
					
Fund Balance - Ending	$	-		$	498,825		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 08/31/24	Thru 08/31/24	Variance	

Revenues					
Assessments - Tax Roll	$	313,500	$	313,500	$	314,990	$	1,490	
Interest	$	-	$	-	$	16,605	$	16,605	
Total Revenues	$	313,500	$	313,500	$	331,595	$	18,095	

Expenditures:					
Interest Expense - 12/15	$	98,388	$	98,388	$	98,388	$	-	
Principal Expense - 6/15	$	115,000	$	115,000	$	115,000	$	-	
Interest Expense - 6/15	$	98,388	$	98,388	$	98,388	$	-	
Total Expenditures	$	311,775	$	311,775	$	311,775	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,725		$	19,820		
					
Fund Balance - Beginning	$	118,531		$	279,625		
					
Fund Balance - Ending	$	120,256		$	299,445		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 08/31/24	Thru 08/31/24	Variance	

Revenues

Assessments - Direct Interest
$	287,653
$	-
$	287,653
$	-
$	289,371	$
$	14,641	$
1,718
14,641

Expenditures:
Interest Expense - 12/15 Principal Expense - 12/15 Interest Expense - 6/15

$	88,808
$	110,000
$	87,364

$	88,808
$	110,000
$	87,364

$	88,808	$	-
$	110,000	$	-
$	87,364	$	-

Revenues

Interest	

$	

-	$	

-	$	0	

$	0	
Total Revenues	$	-	$	-	$	0	$	0	

Expenditures:

Miscellaneous Expense	

$	

-	$	

-	$	440	

$	(440)	
Total Expenditures	$	-	$	-	$	440	$	(440)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(440)		
					
Fund Balance - Beginning	$	-	$	711		
					
Fund Balance - Ending	$	-	$	271		

Revenues					
Interest	$	-	$	-	$	1,114	$	1,114	
Total Revenues	$	-	$	-	$	1,114	$	1,114	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	23,531	

$	(23,531)	
Total Expenditures	$	-	$	-	$	23,531	$	(23,531)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(22,417)		
					
Net Change in Fund Balance	$	-	$	(22,417)		
					
Fund Balance - Beginning	$	-	$	22,417		
					
Fund Balance - Ending	$	-	$	-		
Saddle Creek Preserve
Community Development District Capital Reserve
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending August 31, 2024

	Adopted	Prorated Budget	Actual	
	Budget	Thru 08/31/24	Thru 08/31/24	Variance	

Revenues

Interest Income	

$	-	

$	-	

$	-	$	-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:

Lift Station Improvements	

$	47,000	

$	43,083	

$	-	$	43,083	
Total Expenditures	$	47,000	$	43,083	$	-	$	43,083	
				
Excess (Deficiency) of Revenues over Expenditures	$	(47,000)	$	(43,083)	$	-	$	(43,083)	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	90,708	

$	83,149	

$	-	$	83,149	
Total Other Financing Sources/(Uses)	$	90,708	$	83,149	$	-	$	83,149	
				
Net Change in Fund Balance	$	43,708		$	-	
				
Fund Balance - Beginning	$	5,000		$	-	
				
Fund Balance - Ending	$	48,708		$	-	

Revenues

Assessments - On Roll	$	-	$	1,877	$	598,983	$	1,582	$	4,521	$	-	$	3,583	$	18	$	3,087	$	15	$	(6,500)	$	-	$	607,166	
Total Revenues	$	-	$	1,877	$	598,983	$	1,582	$	4,521	$	-	$	3,583	$	18	$	3,087	$	15	$	(6,500)	$	-	$	607,166				

Expenditures:															
General & Administrative:															
Supervisor Fees	$	600	$	-	$	-	$	600	$	600	$	-	$	800	$	-	$	400	$	-	$	600	$	-  $	3,600			
Engineer Fees	$	-	$	-	$	-	$	2,335	$	1,449	$	630	$	-	$	750	$	675	$	2,425	$	1,836	$	-  $	10,100			
Dissemination Fees	$	625	$	625	$	625	$	625	$	625	$	625	$	625	$	625	$	625	$	625	$	625	$	-  $	6,875			
Assessment Administration	$	5,300	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	5,300			
Arbitrage	$	1,800	$	-	$	-	$	-	$	-	$	450	$	-	$	-	$	-	$	-	$	-	$	-  $	2,250			
Attorney Fees	$	1,861	$	755	$	249	$	1,236	$	2,043	$	2,108	$	1,363	$	1,206	$	3,553	$	1,235	$	2,095	$	-  $	17,705			
Audit Fees	$	-	$	-	$	-	$	-	$	3,500	$	-	$	-	$	3,600	$	-	$	-	$	-	$	-  $	7,100			
Trustee Fees	$	-	$	5,724	$	-	$	-	$	-	$	2,357	$	-	$	-	$	-	$	-	$	-	$	-  $	8,081			
Management Fees	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	-  $	36,780			
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	1,650			
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	1,100			
Postage & Delivery	$	132	$	86	$	53	$	252	$	39	$	12	$	24	$	47	$	38	$	-	$	45	$	-  $	729			
Insurance	$	-	$	5,758	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	5,758			
Copies	$	-	$	-	$	-	$	-	$	7	$	-	$	-	$	-	$	-	$	62	$	-	$	-  $	69			
Legal Advertising	$	364	$	-	$	671	$	-	$	-	$	-	$	-	$	666	$	735	$	-	$	-	$	-  $	2,436			
Other Current Charges	$	39	$	39	$	76	$	39	$	42	$	41	$	41	$	41	$	42	$	41	$	41	$	-  $	480			
Office Supplies	$	0	$	4	$	1	$	0	$	3	$	3	$	1	$	4	$	1	$	3	$	0	$	-  $	22			
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	175			
Subtotal General & Administrative:	$	14,489	$	16,585	$	5,268	$	8,682	$	11,901	$	9,820	$	6,448	$	10,533	$	9,663	$	7,985	$	8,836	$	-  $	110,210			
	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug		Sep	Total	
Operations and Maintenance															
Field Expenditures
Property Insurance	

$	-	

$	10,725	

$	-	

$	-	

$	-	

$	589	

$	-	

$	-	

$	-	

$	-	

$	-	

$		

-  $	11,314	
Field Management	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$		-  $	15,304	
Landscape Maintenance	$	5,912	$	5,912	$	5,912	$	5,912	$	5,912	$	7,112	$	7,612	$	8,612	$	8,612	$	17,224	$	-	$		-  $	78,732	
Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,805	$	3,605	$	(2,805)	$	-	$		-  $	3,605	
Mitigation Monitoring	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$		-  $	-	
Lake Maintenance	$	1,100	$	1,100	$	1,515	$	1,515	$	1,515	$	1,515	$	1,515	$	1,515	$	1,515	$	1,515	$	1,515	$		-  $	15,835	
Streetlights	$	1,746	$	1,737	$	1,737	$	1,761	$	1,731	$	1,731	$	1,731	$	3,458	$	1,729	$	1,737	$	-	$		-  $	19,100	
Electric	$	323	$	304	$	386	$	388	$	335	$	352	$	313	$	658	$	192	$	319	$	-	$		-  $	3,569	
Water & Sewer	$	101	$	106	$	106	$	101	$	101	$	101	$	455	$	106	$	106	$	115	$	119	$		-  $	1,515	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$		-  $	-	
Irrigation Repairs	$	1,141	$	220	$	-	$	-	$	-	$	-	$	220	$	-	$	-	$	1,324	$	303	$		-  $	3,208	
Lift Station Maintenance	$	1,584	$	2,803	$	7,414	$	3,724	$	8,534	$	20,389	$	10,755	$	-	$	200	$	1,025	$	525	$		-  $	56,952	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	665	$	-	$	1,090	$	4,814	$	1,474	$	1,378	$	3,538	$		-  $	12,960	
Contingency	$	-	$	-	$	1,158	$	-	$	-	$	161	$	161	$	8,400	$	80	$	425	$	80	$		-  $	10,465	

Subtotal Field Expenditures	$	13,298	$	24,297	$	19,619	$	14,792	$	20,184	$	33,341	$	25,243	$	31,759	$	18,904	$	23,648	$	7,472	$	-	$	232,558	

Amenity Expenditures													
Amenity - Electric	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,508	$	624	$	-	$	-  $	2,132	
Amenity - Water	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	
Internet	$	103	$	103	$	103	$	103	$	103	$	105	$	105	$	105	$	105	$	105	$	130	$	-  $	1,170	
Pest Control	$	120	$	120	$	120	$	120	$	120	$	120	$	120	$	120	$	120	$	120	$	120	$	-  $	1,320	
Janitorial Service	$	625	$	625	$	625	$	625	$	625	$	625	$	625	$	625	$	675	$	675	$	695	$	-  $	7,045	
Amenity Access	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	
Security Services	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,270	$	2,311	$	-  $	4,581	
Pool Maintenance	$	1,350	$	1,350	$	1,350	$	1,350	$	1,350	$	1,350	$	1,350	$	1,630	$	1,350	$	1,350	$	1,350	$	-  $	15,130	
Amenity Repairs & Maintenance	$	749	$	-	$	-	$	-	$	-	$	645	$	-	$	285	$	-	$	262	$	-	$	-  $	1,941	
Contingency	$	-	$	631	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	631	
Subtotal Amenity Expenditures	$	2,947	$	2,829	$	2,198	$	2,198	$	2,198	$	2,845	$	2,200	$	2,765	$	3,757	$	5,406	$	4,606	$	-  $	33,949	
													
Total Expenditures	$	30,734	$	43,710	$	27,085	$	25,672	$	34,283	$	46,005	$	33,890	$	45,057	$	32,325	$	37,040	$	20,915	$	-  $	376,717	
													
Excess (Deficiency) of Revenues over Expenditures	$	(30,734)	$	(41,833)	$	571,898	$	(24,090)	$	(29,762)	$	(46,005)	$	(30,308)	$	(45,038)	$	(29,238)	$	(37,025)	$	(27,415)	$	-	$	230,449	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-  $	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	
													
Net Change in Fund Balance	$	(30,734)	$	(41,833)	$	571,898	$	(24,090)	$	(29,762)	$	(46,005)	$	(30,308)	$	(45,038)	$	(29,238)	$	(37,025)	$	(27,415)	$	-  $	230,449	
Saddle Creek Preserve
Community Development District Long Term Debt Report

	Series 2020, Special Assessment Revenue Bonds		
Interest Rate:	2.500%, 3.000%, 4.000%, 4.000%		
Maturity Date:	6/15/2050		
Reserve Fund Definition	50% Maximum Annual Debt Service		
Reserve Fund Requirement	$156,750		
Reserve Fund Balance	$156,750		
Bonds Outstanding - 10/06/2020		$5,500,000	
Less: Principal Payment - 6/15/21		($105,000)	
Less: Principal Payment - 6/15/22		($110,000)	
Less: Principal Payment - 6/15/23		($115,000)	
Less: Principal Payment - 6/15/24		($115,000)	
Current Bonds Outstanding		$5,055,000	

	Series 2022, Special Assessment Revenue Bonds		
Interest Rate:	2.625%, 3.100%, 3.350%, 4.000%		
Maturity Date:	12/15/2051		
Reserve Fund Definition	50% Maximum Annual Debt Service		
Reserve Fund Requirement	$143,826		
Reserve Fund Balance	$143,826		
Bonds Outstanding - 02/10/2022		$5,155,000	
Less: Principal Payment - 12/15/22		($130,000)	
Less: Principal Payment - 12/15/23		($110,000)	
Current Bonds Outstanding	$4,915,000		
Saddle Creek Preserve
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

	Gross Assessments	$	650,046.00	$	337,236.00	$	309,808.00	$	1,297,090.00															
	Net Assessments	$	604,542.78	$	313,629.48	$	288,121.44	$	1,206,293.70															
		50%	26%	24%	100%															
Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	General Fund	2020 Debt Service	2022 Debt Service	Total										

11/10/23	
10/13-10/14/23	
$	850.30	
$	(44.64)	
$	(16.11)	
$	-	
$	789.55	
$	395.69	
$	205.28	
$	188.58	
$	789.55										
11/17/23	11/01-11/05/23	$	3,141.52	$	(125.67)	$	(60.32)	$	-	$	2,955.53	$	1,481.19	$	768.42	$	705.92	$	2,955.53										
12/8/23	11/13-11/22/23	$	18,045.12	$	(721.81)	$	(346.47)	$	-	$	16,976.84	$	8,508.07	$	4,413.88	$	4,054.89	$	16,976.84										
12/21/23	11/23-11/30/23	$  1,248,433.68	$ (49,934.53)	$	(23,969.98)	$	-	$	1,174,529.17	$	588,623.76	$	305,370.88	$	280,534.53	$	1,174,529.17										
12/29/23	12/1-12/15/23	$	3,885.13	$	(116.54)	$	(75.37)	$	-	$	3,693.22	$	1,850.88	$	960.22	$	882.12	$	3,693.22										
1/16/24	10/01-12/31/23	$	-	$	-	$	-	$	3,156.82	$	3,156.82	$	1,582.06	$	820.76	$	754.00	$	3,156.82	
2/9/24	1/1-1/31/24	$	9,424.56	$	(219.88)	$	(184.09)	$	-	$	9,020.59	$	4,520.73	$	2,345.30	$	2,154.55	$	9,020.58											
4/10/24	03/01-03/31/24	$	7,294.64	$	-	$	(145.89)	$	-	$	7,148.75	$	3,582.65	$	1,858.63	$	1,707.47	$	7,148.75											
5/20/24	01/01/03/31/24	$	-	$	-	$	-	$	36.77  $	36.77	$	18.43	$	9.56	$	8.78	$	36.77													
6/28/24	06/03-06/03/24	$	6,285.73	$	-	$	(125.71)  $	-	$	6,160.02	$	3,087.14	$	1,601.57	$	1,471.31	$	6,160.02													
7/25/24	04/01-06/30/24	$	-	$	-	$	-	$	30.86  $	30.86	$	15.47	$	8.02	$	7.37	$	30.86													
8/16/24	1% Admin Fee	$	(12,970.90)	$	-	$	-	$	-	$	(12,970.90)	$	(6,500.46)	$	(3,372.36)	$	(3,098.08)	$	(12,970.90)													
Total	$	1,284,389.78	$	(51,163.07)	$	(24,923.94)	$	3,224.45	$	1,211,527.22	$	607,165.61	$	314,990.16	$	289,371.44	$	1,211,527.21