Reserve
Community Development District
http://www.Reserve1cdd.com

Gary Surber, Chairman Charles Henry, Vice Chairman Paul Miret, Assistant Secretary Bill Howden, Assistant Secretary Lynn Fettrow, Assistant Secretary

May 12, 2020

Governmental
Management Services

Reserve
Community Development District

5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone: 954-721-8681 - Fax: 954-721-9202

May 4, 2020

Board of Supervisors
Reserve Community Development District

Dear Board Members:
A communications media technology meeting of the Board of Supervisors of the Reserve Community Development District will be held on May 12, 2020 at 1:30 p.m. In accordance with Office of the Governor, Executive Order 20-69 (Emergency Management - COVID-19 - Local Government Public Meetings), authorizing the use of communications media technology, such as telephonic conferencing, as provided in Section 120.54(5)(b)2, Florida Statutes, the Board of Supervisors and members of the public may attend and participate in the meeting from your computer, tablet or smartphone go to https://global.gotomeeting.com/join/519558517 or by dialing
+1 (571} 317-3122 and Access Code: 519-558-517 and are further encouraged to submit comments or questions in advance of the meeting by email to info@gmssf.com or by telephone by calling 954- 721-8681. If Executive Order 20-69 expires prior to this meeting date, the meeting will be held at the previously advertised location, 2160 NW Reserve Park Trace Port St. Lucie, Florida. The public can participate in this Board meeting. Following is the advance agenda for the meeting:
Roll Call

Approval of the Minutes of the April 14, 2020 Meeting

PNC Account Analysis Statement

Acceptance of Audit for Fiscal Year Ending September 30, 2019

Staff Reports
Attorney

Engineer

District Consultant

Manager - Number of Registered Voters in the District - 1,121

Financial Reports
Approval of Check Run Summary

Balance Sheet and Income Statement

Supervisors Requests and Audience Comments

Adjournment

Meetings are open to the public and maybe continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.Reserve1cdd.com

MINUTES OF MEETING RESERVE
COMMUNITY DEVELOPMENT DISTRICT

A telephone conference meeting of the Board of Supervisors of Reserve Community Development District was held on Tuesday, April 14, 2020 at 1:30 p.m. It is being held in accordance with the Office of the Governor, Executive Order 20-69 (Emergency Management - COVID- 19 Local Government Public Meetings) authorizing the use of communications media technology, such as telephone conferencing, as provided in Section 120.54(5)(b)2, Florida Statutes, the Board of Supervisors and members of the public may attend and participate in the meeting utilizing the following call-in information above and are further encouraged to submit comments or questions in advance of the meeting by email to info@gmssf.com or by calling 954-721-8681.

Present and constituting a quorum were:

Gary Surber Chuck Henry Paul Miret Bill Howden Lynn Fettrow

Chairman  (by  phone) Vice Chairman (by phone)
Assistant Secretary (by phone) Assistant Secretary (by phone) Assistant Secretary (by phone)

Also present were:

Lisa Derryberry Rich Hans
Bob Fromm George Morgan

District Manager (by phone)
Governmental Management Service (by phone) Consultant (by phone)
Plant Operator (by phone)

FIRST  ORDER OF BUSINESS	Roll Call
Ms. Derryberry called the meeting to order and called the roll.

SECOND  ORDER OF BUSINESS	Approval of the Minutes of the
March 10, 2020 Meeting
Ms. Derryberry: The next item on the agenda is the approval of the minutes of the March 10, 2020 meeting. I'll take any corrections at this time.

April 14, 2020	Reserve COD

On MOTION by Mr. Henry seconded by Mr. Howden with all in favor, the Minutes of the March 10, 2020 Meeting were approved.

THIRD ORDER OF BUSINESS	PNC Account Analysis Statement
Ms. Derryberry: Moving on to item No. 3 on the agenda is the PNC account analysis statement, and this is provided for information only but if you have any questions or comments, I can take them at this time.
Mr. Surber: Any comments?
Mr. Henry: No, it looks good to me. Ms. Derryberry: Ok.

FOURTH  ORDER OF BUSINESS	Consideration	of	Resolution
#2020-01 Approving the Proposed Fiscal Year 2021 Budget and Setting the Public Hearing
Ms. Derryberry: Moving on to item No. 4 on your agenda is consideration of resolution #2020-01 approving the proposed fiscal year 2021 budget and setting the public hearing. For the budget process we propose the budget at this time, and we have to wait at least 60 days to adopt it at which time we'll have a public hearing, but this starts the budget process. There are two things we need to do today, ok and Paul just joined us, so welcome Paul.
Mr. Miret: Hello everybody.
Ms. Derryberry: Ok, so we're on item No. 4 Paul, we're at resolution #2020-01 and I was just going over the budget process where we're proposing the budget today, we have to choose a date 60 days from today to adopt the budget, so the first thing we need to do is look at the calendar of advertised meetings and the next meeting is June 9th that was advertised but that's not 60 days from now. So, we'd be looking at setting the meeting to adopt the budget on July 14th and I just want to make sure everyone is available.
Mr. Howden: I don't have any problem.
Mr. Surber: Yes, I'm looking at my calendar.

April 14, 2020	Reserve CDD

Ms. Derryberry: Ok.
Mr. Fettrow: Lynn, hopefully will be here. Mr. Surber: Surber is good.
Mr. Miret: Yes, I'll be calling in. Mr. Henry: So will I.
Mr. Fromm: This is Bob, and just as a reminder, the budget that's showing is pretty much just the prior budget from last year, between now and the public hearing we'll have two more months of data and we will then adjust the budget based on some assumptions. At that time, we'll talk about this later, but we'll have Sabal Creek in line and we may make other adjustments just like we do every year, but this will get the process started and then we'll make the final changes when we meet in July.
Mr. Miret: Ok.
'
Mr. Henry: There was one thing that you do usually carry things over from one
year to the next, the one thing that did change pretty significantly was you did increase the purchase of water and sewer by that 10%, now that may be a Sabal Creek thing which you didn't account for in the revenue, but that number there is considerably out of whack compared to the revenue and compared to prior year's budgets.
Mr. Fromm: And George is going to talk about that also, we're going to be taking out of line that one tank, but we'll be discussing that between now and then when, if any time should we go to 100%, sending sewer over to St. Lucie West, and I don't think it really depends on what the DEP says to us about this transition, but in an abundance of caution I told George to bump that number up, and like I said, we'll discuss it a bit more after George gives his update on DEP and the Sabal Creek turnover.
Mr. Henry: Will that include a discussion about what we're going to do with the pumping stations?
Mr. Fromm: Yes, a brief discussion which basically says he's also asked our engineers to give us a brief update and overview of which pumping stations they would recommend that we start with over the next year, and then we'll have some numbers, and then the Board can go ahead and authorize us to begin that process, but we wanted to get the meters out of the way and we want to get this DEP thing out of the way.

April 14, 2020	Reserve CDD

Mr. Henry: Sure. One thing, just to make a note when you do finalize  that work order sewer purchase, there is note on page 9 that details how much gallons  per  day we're buying, and those are the numbers that we've always used since I think we've already changed that dollar number, those numbers will have  to  change  also  in  the note.
Mr. Fromm: Correct, yes.
Mr. Surber: Bob, I have a question, this is Surber. When we say 100% from St. Lucie West, will we still have the option of making water? We're closing one, so will we have that option still?
Mr. Fromm: The theory would be that we would at some point in time shut down that capacity, and abandon the lines off and all of that reporting and the pumps that provide that water, and like I said, we could have a further discussion at meetings in the future as to whether we want to do that and what the dollar ramifications are.
Mr. Surber: Ok, good.
Mr. Henry: Do you need a motion to setthe date of the budget?
Ms. Derryberry: I do Chuck, but I just want to confirm that I heard Gary, Lynn and there was a third person who said they could make the quorum on July 14th, and I'm not sure who that was.
Mr. Howden: I also can make it.
Ms. Derryberry: Ok, thank you so much. So yes, we would need a motion adopting resolution #2020-01 with a date for the adoption of the budget on July 14, 2020 at 1:30 p.m. at 2160 NW Reserve Park Trace in Port St Lucie, unless we need to do something telephonically. Is there a motion approving the resolution?

On MOTION by Mr. Henry seconded by Mr. Miret with all in favor, Resolution #2020-01 approving the proposed Fiscal Year 2021 Budget and setting the Public Hearing on July 14, 2020 at 1:30 p.m. as stated on the record was approved.

April 14, 2020	Reserve CDD

FIFTH ORDER OF BUSINESS	Discussion   of   General Election
Procedures
Ms. Derryberry: Moving on, behind tab No. 5 is discussion of the general election procedures, and this year seats #1, #2 and #4 are up for election which is Chuck in seat #1, Gary in seat #2 and Bill is seat #4 and to qualify for your seat you need to file paperwork between June 8th at 12:00, noon, no earlier than noon on June 8th, and no later than noon on June 12th of this year, and then make sure that you go qualify for the seat that you're currently in: You don't want to pick the wrong seat number and end up running against each other and opening up another seat, and if anything should change with regard to the inability to file in person, we will keep you posted.
Mr. Surber: There's a dollar amount we have pay, and they want it in cash or
what?
Mr. Howden:	But they say you can submit paperwork as early as May 25th is
that what I'm reading in the book?
Ms. Derryberry: Yes, that's correct. Mr. Howden: Ok.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Derryberry: Moving on to staff reports, there is no attorney on the call.

Engineer
Ms. Derryberry: There's no engineer on the phone.

District Consultant
Ms. Derryberry: George, do you want to take over at this point?
Mr. Morgan: Yes, I have a couple of things to report. We got our first half permit issued last Friday on the Sabal Creek project, and  we've  already  started  installing meters this past weekend. I just talked to the field guy  for the engineering  firm  and he said the second half permit should be in for the DEP within the next 2 weeks. So, Tina is getting several calls now in addition to the first 14 of people that want  to put meters  in,  but it's going well.

April 14, 2020	Reserve COD

Mr. Henry: Good.

Mr. Morgan: As far as the DEP is concerned, they sent another letter, they wanted some action, I guess that's the only way to describe it, so I got a welder last Friday to make some welding repairs, and he's finished, and I got a painter, but I was only able to get 2 bids for painters and I took the low bid, and the painter began doing some painting this week, and he should be finished by next Tuesday. Then the last item on the 100,000 gallon storage tank, I'm waiting for some blueprints for the yard at the plant from Bob Watson because we never got a good set of prints for that, and that was many years ago. So, as soon as I get those prints I have a couple of contractors that will come and give me a cost to disconnect the 100,000 gallon storage tank. We do not have to cut it up and remove it at this time, we just need to prove to the DEP it's no longer part of the system. That's all I have for right now, any questions?
Mr. Fettrow: Yes, this is Lynn I have a couple of questions, actually. Mr. Morgan: Yes sir.
Mr. Fettrow: Have we had a problem with the sewer system, with the extra paper and so forth that's in it of blocking it up, and if so, how do we handle that?
Mr. Morgan: I haven't heard anything about any issues with the sewer system. mean, possibly somebody's house, they might have a blockage and of course, if they call in we will always go and confirm if it's theirs or ours, but as far as I know there hasn't been any issues that the District is responsible for.
Mr. Fettrow: Ok. My second question is, how are we testing the water quality, is this something that has to be done outdoors, or is this an automated system?
Mr. Morgan: Well, we have a series of daily tests that we do at the water plant on hardness, alkalinity, the PH, I know we have a whole series of tests that is required by the DEP and EPA, and as the time comes up for each one of those we draw the samples and then we take them over to the lab at St. Lucie West and Flowers Lab.
Mr. Fettrow: Ok.
Mr. Fromm: George, is that an annual test?
Mr. Morgan: Some of them are annual, some are 5 years, some are 3 years, it just depends on what the different parameters are.
Mr. Howden: This is Howden, we just got that report at the last meeting.

April 14, 2020	Reserve CDD

Mr. Fettrow: Do we do daily reports of anything to check the water?
Mr. Morgan: Well, one of the tests we have to do monthly, and we draw the samples ourselves, is the bacteriological samples, I think we have 15 spots around the property and that is also analyzed at Flowers Laboratories, but like I mentioned, chlorination, PH, alkalinity and total hardness, that's done here by Rich or myself.
Mr. Fettrow: So, we do have things which employees are exposed to the environment and so forth.
Mr. Morgan: No sir, they draw the samples right here at the plant. Mr. Fettrow: Ok, and one last question, is Tina working in the office?
Mr. Morgan: She was out last week, but she came in Friday morning for a couple of hours, she was working from home, but she's been here today and yesterday.
Mr. Fettrow: Ok.
Mr. Morgan: Because the payments are starting to come in so she doesn't want to get too backlogged, and she's keeping the door locked of course, so we're being safe.
Mr. Fettrow: Ok, so she's not being exposed to people coming in and paying their bills or anything like that.
Mr. Morgan: Absolutely not, and we're taking all the precautions necessary. Mr. Fettrow: Good.
Mr. Morgan: Oh, there's one other small item, we made an additional $600, we had a few meters leftover and I found a company in Okeechobee that bought the rest of the meters that were left over.
Mr. Henry: Good.
Mr. Fromm: The only other thing I'll update in addition to what George said, we sent a bill for the bond issue at the county and so we invoiced for the 155 connection fees times $1,200 and we will be getting that payment sometime in the next week or so, and then prior to the budget we'll get an idea on certain houses, how much credit they're generating and we'll go with a very conservative number for next year's budget on the additional revenue side.
Mr. Henry: I just have another operational question, and I don't know if anybody knows the answer to it. I know the PGA Village Homeowners Association at their last

April 14, 2020	Reserve CDD

Master Board meeting had something on their · agenda about putting in stringent requirements before e-blasts were sent out. According to this motion every Board member would have to be notified before there's an e-blast or else they'd have to wait 12 hours to send it out. I know at one point there was a boil water notice that we had to send out, and it was delayed a little bit because we had to get somebody on the Master Board to approve it. I don't know if this proposal did go through, but A) do we know if it went through and B) do we anticipate there could be any problems because of this?
Mr. Fromm: I will get on the phone with Steve and find out and Diane Blake to find out exactly what the concern was, but typically I think Steve would be called in on the boil water notice immediately.
Mr. Henry: I think they would be, but they were just being really I think there was some headbutting there on the Master Board and nobody wanted to give anybody any leeway, so I think that's what they were trying to put through, so yes we should follow up on that.
Mr. Fromm: I will.

Manager
Ms. Derryberry: Ok, if there's nothing further, as manager, I'll just report only the next meeting date, and that advertised meeting date is June 9, 2020 at 1:30,  and  hopefully at 2160 NW Reserve Park Trace, but we will keep you posted.
Mr. Surber: Do we have a May meeting? I show a May 12th meeting.
Ms. Derryberry: Oh, I'm sorry, you're right, I was looking ahead like the budget, you're right Gary, thank you, May 12, 2020, I apologize for that.
Mr. Surber: That's alright.

SEVENTH ORDER OF BUSINESS Financial Reports
Approval of Check Run Summary
Balance Sheet and Income Statement
Ms. Derryberry:	Ok, moving on to financial reports, behind tab 7A is the check run summary, and I'll take any questions at this time.
Mr. Miret: The only question I have, and it's on the auto repair again, I think we had one last month. On page 3, auto repair for $499.

April 14, 2020	Reserve COD

Mr. Morgan:	That's the tires for my vehicle, and I had gotten 3 other bids to make sure that was the lowest price.
Ms. Derryberry:	Ok, if there are no further questions, a motion approving the check run summary would be in order.

On MOTION by Mr. Miret seconded by Mr. Surber with all in favor, the Check Run Summary was approved.

Ms. Derryberry: Behind tab B you'll find the balance sheet and income statement, and again we'll take any questions that you have at this time.
Mr. Henry: One question for Bob actually, this is about the time of year we often make an extra $20,000 payment on our bonds, do we want to consider that?
Mr. Fromm: So, that's a calculation of the reduction in the debt service down to a maximum of a 50% reduction and Lisa I don't know if we've done thatin the audit or not, but it's a function of Lisa and the audit.
Mr. Henry: Ok.
Ms. Derryberry: Ok.
Mr. Fromm: So, that's number one, number two and we can talk about it any time at a future meeting, we could do an additional payment of $50,000 to $100,000 now that we're through some of these major repairs, but we'll probably wait and see what we think the sewer is going to be, but as shown on the budget every year we're generating anywhere from 50% to 80% above debt service, so we're continuing to build our reserves and we could do a paydown on the bonds if the Board wanted to, but we'll wait until after we get our sewer done.
Mr. Henry: Thank you.

On MOTION by Mr. Henry seconded by Mr. Howden with all in favor, the Balance Sheet and Income Statement as adjusted was approved.

 	

April 14, 2020	Reserve CDD

EIGHTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Ms. Derryberry: We'll let the record reflect there is no audience that dialed in, are there any Supervisors requests?
NINTH ORDER OF BUSINESS	Adjournment
Ms. Derryberry: Ok, if there are none, a motion to adjourn would be in order.

On MOTION by Mr. Fettrow seconded by Mr. Surber with all in favor, the Meeting was adjourned.

Secretary/ Assistant Secretary	Chairman / Vice Chairman

PNC BANK - ACCOUNT ANALYSIS FIRSTSIDE CENTER
MAIL STOP: P?-PFSC-02-E 500 FIRST AVENUE
PITTSBURGH, PA 15219

4482	1-8

, RESERVE COMMUNITY DEVELOPMENT 5385 N NOB HILL RD
I,	SUNRISE FL 33351-4761
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RESERVE COMMUNITY DEVELOPMENT 5385 N NOB HILL RD
SUNRISE FL 33351-4761

CLIENT NAME & ADDRESS

03/01/2020 to 03/31/2020

ANALYSIS PERIOD

ACCOUNT ANALVSIS STATEMENT

Page 1 of 6

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ACCOUNT INFORMATION	
ACCOUNT	XXXXX)(0034	SUMMARY	
CUSTOMER	BUSINESS BANKING	
SERVICE:	CUSTOMER SERVICE	
TELEPHONE:	1-877-BUS-BNKG Option #4	

APRIL 9 , 2020

STATEMENT DATE

ACCOUNTS INCLUDED IN THIS ANALYSIS
BANK NUMBER	ACCOUNT NUMBER	ACCOUNT NAME	ACCOUNT TITLE	
001	XXXXXX7724	RESERVE COMMUNIT		

PLEASE REVIEW YOUR ANALYSIS PROMPTLY. WE WILL GLADLY CORRECT ERRORS WITHIN 30 DAYS OF THE STATEMENT DATE. AFTER 30 DAYS, THE ANALYSIS IS DEEMED TO BE ACCURATE AND ADJUSTMENTS WILL NO LONGER BE PROCESSED.

GO PAPERLESS. SIGN-UP TODAY FOR FREE ONLINE CORPORATE ACCOUNT ANALYSIS STATEMENTS THAT YOU CAN ACCESS VIA PINACLE. ONLINE STATEMENTS CAN BE VIEWED SEVERAL DAYS EARLIER THAN IF THEY ARE SENT BY MAIL - WHICH IS GOOD NEWS FOR YOU AND THE ENVIRONMENT. ENROLL TODAY. FOR MORE INFORMATION, CALL TREASURY  MANAGEMENT  CLIENT CARE AT 1-800-669-1518 OR CONTACT YOUR TREASURY MANAGEMENT OFFICER OR SALES ASSOCIATE.

FOR ADDED SECURITY, STATEMENTS THAT ARE PRINTED AND MAILED TO CLIENTS ONLY INCLUDE THE LAST 4 DIGITS OF THE ACCOUNT NUMBER.

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APRIL 9•     2020

STATEMENT DATE

03/01/2020 to 03/31/2020

ANALYSIS PERIOD

RESERVE COMMUNITY DEVELOPMENT 5385 N NOB HILL RD
SUNRISE FL 33351-4761

CLIENT NAME & ADDRESS

ACCOUNT ANALYSIS STATEMENT

ACCOUNT INFORMATION	
ACCOUNT	XXXXXX0034	SUMMARY	
CUSTOMER	BUSINESS BANKING	
SERVICE:	CUSTOMER SERVICE	
TELEPHONE:	1-877-BUS-BNKG Option #4	
BILLING CYCLE	MONTHLY	

CURRENT	MONTHLY	BALANCE & COMPENSATION	
AVERAGE LEDGER BALANCE	100,237.57	EARNINGS ALLOWANCE (0.100 %)	8.18	
		TOTAL ANALYZED CHARGES	389.58	
LESS: DEPOSIT FLOAT	3,711.94	EXCESS/(DEFICIT) FEES	381.40-	
	
	TOTAL AMOUNT DUE	381.40	
AVERAGE COLLECTED BALANCE	96,525.63		(DEBIT)	
LESS: RESERVES( 0.00%)	0.00			
INVESTABLE BALANCE	

96,525.63			
COLLECTED BALANCE REQUIRED	4,599,556.79			
EXCESS/(DEFICIT) BALANCE	4,503,031.16-			

EARNINGS CREDIT RATE IS TIERED. THE HIGHEST TIER EARNINGS CREDIT RATE FOR NEXT MONTH IS: .200000 %

$11806.45 IN COLLECTED BALANCE WILL PAY FOR $1.00 IN SERVICES, BASED UPON THIS MONTH'S TIERED EARNINGS CREDIT RATE.

YOUR ACCOUNT XXXXXX7724 WILL BE CHARGED ON THE LAST BUSINESS DAY OF THE MONTH FOR THE ABOVE NOTED DEFICIENCY AMOUNT.

SUMMARY OF ACCOUNT SERVICES
SERVICE DESCRIPTION	AFP CODE	VOLUME	UNIT PRICE	TOTAL PRICE	GOLLJ::v 11::U
BALANCE REQUIRED	
DEMAND DEPOSIT RELATED SERVICES
ACCOUNT MAINTENANCE ACCOUNT BALANCE FEE REGULAR DEPOSIT TICKET PAID ITEMS
DEPOSITED ITEMS

REMOTE DEPOSIT RELATED SERVICES REMOTE DEPOSIT CAPTURE-TICKETS DEPOSIT NOW MULTl FEED ADJUSTED BUSINESS REMOTE DEP CAPTURE ITEM

MISCELLANEOUS BRANCH SERVICES
CASH VERIFICATION OTC-10.00 UNITS

AUTOMATED CLEARINGHOUSE SERVICES
PINACLE ACH FILE PROCESSED
PINACLE ACH DEBIT/CREDIT ORIGINATED DEBITS RECEIVED
CREDITS RECEIVED ACH RETURN ITEM
ACH RETURN NOC REPORTING	
01   00  00
00   02  30
10   02  00
15   01  00
99   99  99

01   02  00
10   99  99
10   02  99

10   00  15

25   05  05
25   01  02
25   02  00
25   02  01
25   04  00
25   03  10	
1
1,002
5
43
3

33
1
931

12

8
413
7
22
1
1	
20.0000
0.0125
0.7500
0.2000
0.1500

0.6500
25.0000
0.1050

0.0120

3.0000
0.3500
0.1500
0.1500
1.0000
6.0000	
20.00
12.53
3.75
8.60
0.45	
236,129.00
147,934.82
44,274.19
101,535.47
5,312.90	
				$45.33

21.45
25.00
97.76	$535,186.38

253,248.35
295,161.25
1,154,198.55	
				$144.21

0.14	$1,702,608.15

1,652.90	
				$0.14

24.00
144.55
1.05
3.30
1.00
6.00	$1,652.90

283,354.80
1,706,622.35
12,396.77
38,961.29
11,806.45
70,838.70	
				$179.90	$2,123,980.36	

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03/01/2020 to 03/31/2020

ANALYSIS PERIOD

ACCOUNT ANALYSIS STATEMENT

Page 3 of6	NC

ACCOUNT INFORMATION	
ACCOUNT	XXXXXX0034	SUMMARY	
CUSTOMER	BUSINESS BANKING	
SERVICE:	CUSTOMER SERVICE	
TELEPHONE:	1-877-BUS-BNKG Option #4	
BILLING CYCLE	MONTHLY	

RESERVE COMMUNITY DEVELOPMENT 5385 N NOB HILL RD
SUNRISE FL 33351-4761

CLIENT NAME & ADDRESS

APRIL 9 , 2020

STATEMENT DATE

SUMMARY OF ACCOUNT SERVICES
SERVICE DESCRIPTION	AFP CODE	VOLUME	UNIT PRICE	TOTAL PRICE	COLLECTED
BALANCE REQUIRED	
INFORMATION SERVICES
PINACLE MODULE FEES	
40 99 99	
1	
20.0000	
20.00	
236,129.00	
				$20.00	$236,129.00	
MISCELLANEOUS						
PRINTED ANALYSIS STATEMENT FEE	99 99 99	1	2.0000	2.00	WAIVED	
				$2.00	$0.00	
TOTAL ANALYZED CHARGES :				$389.58	$4,599,556.79	
TOTAL CHARGES THIS CYCLE :				$391.58	$4,599,556.79	
TOTAL WAIVED CHARGES:				$2.00	WAIVED	

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RESERVE COMMUNIT

CLIENT NAME & ADDRESS

APRIL 9 , 2020

STATEMENT DATE

03/01/2020 to 03/31/2020

ANALYSIS PERIOD

ACCOUNT ANALYSIS STATEMENT

ACCOUNT INFORMATION	
ACCOUNT	XXXXXX7724	
CUSTOMER	BUSINESS BANKING	
SERVICE:	CUSTOMER SERVICE	
TELEPHONE:	1-877-BUS-BNKG Option#4	
BILLING CYCLE	MONTHLY	

CURRENT	MONTHLY	BALANCE & COMPENSATION	
AVERAGE LEDGER BALANCE	100,237.57	EARNINGS ALLOWANCE (0.100 %)	8.18	
		TOTAL ANALYZED CHARGES	389.58	
LESS: DEPOSIT FLOAT	3,711.93	EXCESS/(DEFICIT) FEES	381.40-	
		(TRANSFERRED TOXXXXXX0034)	
AVERAGE COLLECTED BALANCE	96,525.64		
LESS: RESERVES( 0.00%)	0.00		
INVESTABLE BALANCE	96,525.63		
COLLECTED BALANCE REQUIRED	4,599,556.79		
EXCESS/(DEFICIT) BALANCE	4,503,031.15-		

EARNINGS CREDIT RATE IS TIERED. THE HIGHEST TIER EARNINGS CREDIT RATE FOR NEXT MONTH IS: .200000 %

$11806.45 IN COLLECTED BALANCE WILL PAY FOR $1.00 IN SERVICES, BASED UPON THIS MONTH'S TIERED EARNINGS CREDIT RATE.

SERVICE DESCRIPTION	
AFP CODE	
VOLUME	
UNIT PRICE	TOTAL PRICE	GOLLECTt:u
BALANCE REQUIRED	
DEMAND DEPOSIT RELATED SERVICES ACCOUNT MAINTENANCE	
01   00  00
00   02  30
10   02  00
15   01  00
99   99  99

01   02  00
10   99  99
10   02  99

10   00 15

25   05  05
25   01  02
25   02  00
25   02  01
25   04  00
25   03  10	
1
1,002
5
43
3

33
1
931

12

8
413
7
22
1
1	
20.0000
0.0125
0.7500
0.2000
0.1500

0.6500
25.0000
0.1050

0.0120

3.0000
0.3500
0.1500
0.1500
1.0000
6.0000	
20.00	
236,129.00	
ACCOUNT BALANCE FEE				12.53	147,934.82	
REGULAR DEPOSIT TICKET				3.75	44,274.19	
PAID ITEMS				8.60	101,535.47	
DEPOSITED ITEMS				0.45	5,312.90	
				$45.33	$535,186.38	
REMOTE DEPOSIT RELATED SERVICES						
REMOTE DEPOSIT CAPTURE-TICKETS				21.45	253,248.35	
DEPOSIT NOW MULTl FEED ADJUSTED				25.00	295,161.25	
BUSINESS REMOTE DEP CAPTURE ITEM				97.76	1,154,198.55	
				$144.21	$1,702,608.15	
MISCELLANEOUS BRANCH SERVICES						
CASH VERIFICATION OTC-10.00 UNITS				0.14	1,652.90	
				$0.14	$1,652.90	
AUTOMATED CLEARINGHOUSE SERVICES						
PINACLE ACH FILE PROCESSED				24.00	283,354.80	
PINACLE ACH DEBIT/CREDIT ORIGINATED				144.55	1,706,622.35	
DEBITS RECEIVED				1.05	12,396.77	
CREDITS RECEIVED				3.30	38,961.29	
ACH RETURN ITEM				1.00	11,806.45	
ACH RETURN NOC REPORTING				6.00	70,838.70	
				$179.90	$2,123,980.36	
NFORMATION SERVICES						

SUMMARY OF ACCOUNT SERVICES

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03/01/2020 to 03/31/2020

ANALYSIS PERIOD

ACCOUNT ANALYSIS STATEMENT

Pages of6

ACCOUNT INFORMATION	
ACCOUNT	
XXXXXX7724	
CUSTOMER	BUSINESS BANKING	
SERVICE:	CUSTOMER SERVICE	
TELEPHONE:	1-877-BUS-BNKG Option #4	
BILLING CYCLE	MONTHLY	

RESERVE COMMUNIT

CLIENT NAME & ADDRESS

APRIL 9 , 2020

STATEMENT DATE

SUMMARY OF ACCOUNT SERVICES
SERVICE DESCRIPTION	AFP CODE	VOLUME	UNIT PRICE	TOTAL PRICE	COLLI::(.; I t:U
BALANCE REQUIRED	
PINACLE MODULE FEES

MISCELLANEOUS
PRINTED ANALYSIS STATEMENT FEE

TOTAL ANALYZED CHARGES :

TOTAL CHARGES THIS CYCLE.: TOTAL WAIVED CHARGES:	40   99  99

99   99   99	1

1	20.0000

2.0000	20.00	236,129.00	
				$20.00

2.00	$236,129.00

WAIVED	
				$2.00	$0.00	
				$389.58	$4,599,556.79	
				$391.58

$2.00	$4,599,556.79

WAIVED	

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0
0
0
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0
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03/0112020 to 03/31/2020

ANALYSIS PERIOD

RESERVE COMMUNITY DEVELOPMENT 5385 N NOB HILL RD
SUNRISE FL 33351·4761

CLIENT NAME & ADDRESS

ACCOUNT ANALYSIS STATEMENT

Page 6 of 6

ACCOUNT INFORMATION	
ACCOUNT	XXXXXX0034	SUMMARY	
CUSTOMER	BUSINESS BANKING	
SERVICE:	CUSTOMER SERVICE	
TELEPHONE:	1·877-BUS·BNKG Option #4	
BILLING CYCLE	MONTHLY	

APRIL 9 , 2020

STATEMENT DATE

YEAR-TO-DATE RELATIONSHIP SUMMARY

MONTH	ADJUSTED AVERAGE
LEDGER BALANCE	ADJUSTED COLLECTED BALANCE	EARNINGS CREDIT RATE	TOTAL ACTIVITY CHARGES	COLLECTED BALANCE REQUIRED	
EXCESS/(DEFICIT) BALANCE	
EXCESS/(DEFICIT) FEE EQUIVALENT	

JANUARY	
153,084.80	
150,699.57	
.200000	
466.82	
2,755,745.83	
2,605,046.26-	
441.29-	
EBRUARY	158,911.32	155,255.91	.200000	458.36	2,892,407.44	2,737,151.53-	433.76-	
MARCH	100,237.57	96,525.63	.100000	389.58	4,599,556.79	4,503,031.16-	381.40-	
QTRTOTAL	137,411.23	134,160.37		1,314.76	3,415,903.35	3,281,742.98-	1,256.45-	

YTDTOTAL	

137,411.23	

134,160.37	

.166667	

1,314.76	

3,415,903.35	

3,281,742.98-	

1,256.45-	

Reserve Community Development District ANNUAL FINANCIAL REPORT
September 30, 2019

Reserve Community Development District ANNUAL FINANCIAL REPORT
September  30, 2019

TABLE OF CONTENTS

Page Number

FINANCIAL SECTION

REPORT OF INDEPENDENT AUDITORS MANAGEMENT'S DISCUSSION AND ANALYSIS

1-2

3-6

BASIC FINANCIAL STATEMENTS
Statement of Net Position - Enterprise Fund	7
Statement of Revenues, Expenses and Changes in Net
Position - Enterprise Fund	8
Statement of Cash Flows -  Enterprise Fund	9
Notes to Financial Statements	10-19
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 AUDIT/NG STANDARDS	20-21
MANAGEMENT LETTER	22-23
INDEPENDENT ACCOUNTANT'S REPORT/COMPLIANCE WITH
SECTION 218.415, FLORIDA STATUTES	24

Berger, Toombs, Elam, Gaines & Frank
Certified Public Accountants	PL
600 Citrus Avenue
Suite 200
Fort Pierce,  Florida 34950
7721461-6120 II 46H  155
FAX: 7721468-9278

REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Reserve Community Development District St. Lucie County, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of the Reserve Community Development District as of and for the year ended September 30, 2019, and the related notes to financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.

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.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit.  We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the  financial statements 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 entity's internal control. Accordingly', we express no such opinion. 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Fort Pierce I Stuart

Member AICPA

Member AICPA Divlion For CPA Firms Private Companies Practice Section

Member FICPA

( Berger, Toombs, Elam,
,OJ Gaines & Frank
Certifiix!Publ1cAw:Ju11t-'lnts Pl

To the Board of Supervisors
Reserve Community Development District

Opinion

In our opinion, the basic financial statements referred to above present fairly, in all material respects, the financial position of the Reserve Community Development District as of September 30, 2019, and the respective changes in financial position and, cash flows thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America.

Other Matters
Management's Discussion and Analysis

Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis (MD&A) be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economical 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 principally 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 the sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report  dated April  29, 2020 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 and contracts.

The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Reserve Community Development District's internal control over financial reporting and compliance.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida April 29, 2020

Reserve Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2019

Management's Discussion and Analysis (MD&A) of Reserve Community Development District (the "District") financial performance provides an objective and easily readable analysis of the District's financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District's financial statements.

OVERVIEW OF THE FINANCIAL STATEMENTS

The District's basic financial statements comprise two components; 1) Financial statements, 2) Notes to financial statements. The financial statements present financial information for the District's major fund. The Notes to financial statements provide  additional  information concerning the District's finances that are not disclosed in the financial statements.

The District financial statements consist of three basic financial statements: the Statement  of  Net Position, the Statement of Revenues, Expenses and Changes in Net Position and the Statement of Cash Flows. These statements provide information on the District  as a whole  and present a long-term view of the District's Finances.

The Management's Discussion and Analysis, Financial Statements and accompanying Notes are prepared in accordance with the appropriate Governmental Accounting Standards Board (GASB) pronouncements.

The Statement of Net Position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Net position is reported in three categories; 1) net investment in capital assets, 2) restricted and 3) unrestricted.

Assets

Total assets and deferred outflows of the District at September 30, 2019 were $7,238,927 of which capital assets of $5,396,603 represented the major portion. Total assets and deferred outflows increased by $131,056 or 1.8% from the prior fiscal year primarily due to an increase in equipment. Total non-current assets net of depreciation were $5,835,541.

Liabilities

Total liabilities of the District at September 30, 2019 were $2,508,879, a $154,706 or 5.8% decrease from the prior year. This decrease is primarily attributed to a decrease in bonds payable at fiscal year end.

Current liabilities, consisting of mainly accounts payable, accrued liabilities and customers deposits amounted to $507,151 at September 30, 2019. The balance represents an increase of
$10,294 from the prior year. Total non-current liabilities consisting of long term debt and  prepaid connections, was $2,001,728 compared to $2,166,728 in the prior year.

Reserve Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2019

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets, and long-term debt are some of the items included in the notes to financial statements.

Financial Highlights

The following are the highlights of financial activity for the year ended September 30, 2019.

The District's total assets exceeded total liabilities $4,730,048 (net position).
The Enterprise Fund had $1,700,692 in revenues and $1,414,930 in expenses.

Financial Analysis of the District

The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes.

Net Position

Enteq rise Fund
    2019	2018	

Current assets	$	1,330,676	$1,029,358	
Restricted assets	438,938	775,643	
Capital assets	    5,396,603	5,193,803	
Total Assets	    7,166,217	6,998,804	
Deferred outflows of resources	 	72,710	109,067	

Current liabilities	507,151	496,857
Non-current liabilities	 2,001,728	2,166,728
Total Liabilities	 2,508,879	2,663,585 Net Position
Net investment in capital assets	3,795,227	3,282,517
Net position - restricted		304,094	775,643 Net position - unrestricted	 	630,727	386,126

Total Net Position	$	4,730,048	$ 4,444,286

Reserve Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2019

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District (Continued)

The increase in current asset and net position is the result of current year revenues exceeding expenses.

The increase in capital assets is the result of current year additions for new meters.

The decrease in total liabilities is related to the principal payment on long-term debt in the current year.

The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes.

Change in Net Position

Enterprise Fund

 	2019	2018	
Program Revenues
Charges for services	$  1,662,303	$	1,603,777 General Revenues
Investment earnings	34,949	17,642
Miscellaneous				3,440		15,613 Gain on sale of assets		 					5,300 Total Revenues	 		1,700,692	1,642,332
Expenses
General government	118,151	119,006
Interest on long-term debt			82,869		87,227 Water and sewer	 	1,213,910	1,233,102
Total Expenses	 	1,414,930	1,439,335 Change in Net Position			285,762		202,997
Net Position - Beginning of Year	 		4,444,286	4,241,289 Net Position - End of Year		 $  4,730,048      $	4,444,286 

The increase in net position is primarily related to revenues in excess of expenses in the current year.

Reserve Community Development District MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2019

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Capital Assets Activity

The following schedule provides a summary of the District's capital assets at September 30, 2019 and 2018.

 	Enterprise Fund	
 	Description		 	2019		 	2018		
Land	$	563,850	$	563,850	
Buildings and improvements	4,344,723	4,344,723	
Machinery and equipment	802,328	402,268	
Plant expansion	2,710,966	2,710,966	
Accumulated depreciation	(3,025,264)	(2,828,004)	
Total Capital Assets (Net)	    $	5,396,603	$ 5,193,803	
The Enterprise Fund had additions
$224,847.	of $446,039, deletions of $45,979 and depreciation of	
Debt Management		
Long-term debt includes the following:		

In May 2013, the District issued $2,735,000 Series 2013 Utility Revenue Refunding Bonds. These bonds were issued to refund the Revenue Refunding Bonds,  Series 2010. The balance outstanding at September 30, 2019 was $1,835,000.

Economic Factors and Next Year's Budget

Reserve Community Development District does not expect any economic factors to have a significant effect on the financial position or results of operations of the water and sewer operation of the District in fiscal year 2020.

Request for Information

The financial report is designed to provide a general overview of Reserve Community Development District's finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Reserve Community Development District, GMS-SF, LLC, 5385 N Nob Hill Road, Sunrise, Florida 33351.

Reserve Community Development District STATEMENT OF NET POSITION- ENTERPRISE FUND
September  30, 2019

	Water and Sewer
Fund	
ASSETS		
Current Assets		
Cash	$	581,526	
Investments	297,628	
Accounts receivable, net of allowance $9,248	153,955	
Prepaid expenses	42,057	
Restricted assets:		
Cash and investments - customer deposits	 	255,510 	
Total Current Assets	 	1,330,676 	

Non-current Assets Investments -restricted
Capital assets, not being depreciated Land
Capital assets, being depreciated:

438,938

563,850

Buildings and improvements	7,055,689	
Equipment	802,328	
Accumulated depreciation	 	(3,025,264)	
Total Non-current Assets	 	5,835,541 	
Total Assets	 	7,166,217 	
DEFERRED OUTFLOWS OF RESOURCES
Deferred amount on refunding	
 	72,710 	
Total Assets and Deferred Outflows of Resources	7,238,927	

LIABILITIES

Accounts payable and accrued expenses	63,321	
Accrued interest payable	23,320	
Bonds payable	165,000	
Liabilities payable from restricted assets		
Customer deposits paid from restricted assets	 	255,510	
Total Current Liabilities	 	507,151	
n-current Liabilities
Prepaid connections	331,728	
Bonds payable	 	1,670,000	
Total Non-current Liabilities	 	2,001,728	
Total Liabilities	 	2,508,879	
T POSITION
Net investment  in capital assets	3,795,227	
Restricted for debt service	205,593	
Restricted for water/sewer	98,501	
Unrestricted	 	630,727	
Total Net Position	$	4,730,048	

Current Liabilities

No

NE

 	

Reserve Community Development District STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN NET POSITION - ENTERPRISE FUND
For the Year Ended September 30, 2019

Water and Sewer Fund
Operating Revenues
Charges for services	$	1,662,303
Miscellaneous revenues	 	3,440 
Total Operating Revenues	 	1,665,743 

Operating Expenses

General and administrative	118,151	
Water and sewer	 	1,213,910 	
Total Operating Expenses	 	1,332,061 	
Operating Income	333,682	
Non-operating revenues (expenses) Interest income	
34,949	
Interest expense	 	(82,869)	
Total Non-operating Revenues (Expenses)	 	(47,920)	
Change In Net Position	285,762	
Net Position - October 1, 2018	 	4,444,286 	
Net Position - September 30, 2019	   $	4,730,048 	

Reserve Community Development District STATEMENT OF CASH FLOWS-ENTERPRISE FUND
For the Year Ended September 30, 2019

Cash Flows From Operating Activities Cash received from customers Cash received from other sources Cash paid to suppliers
Cash paid to employees
Net Cash Provided By Operating Activities

Cash Flows From Capital and Related Financing Activities

Water and Sewer Fund

$	1,643,063
3,440
(917,863)
{163,369)

 	565,271 

Acquisition and construction of capital assets	(446,039)	
Interest paid on capital debt	(48,545)	
Principal payments on long-term debt	{160,000)	
Net Cash Used by Capital and Related Financing Activities	 	(654,584)	

Cash Flows From Investing Activities:		
Proceeds from sales of investments	979,292	
Purchases of investments	(466,900)	
Interest income	 	34,949 	
Net Cash Used by Investing Activities	 	547,341 	
Net increase in cash and cash equivalents	458,028	
Cash and equivalents - October 1, 2018	 	123,498 	
Cash and equivalents - September 30, 2019	$	58\526 	
Reconciliation of Net Operating income to Net.		
Cash Provided By Operating Activities

Cash Flows From Operating Activities Operating income
Adjustments to reconcile operating income to net cash provided by operating activities

$	333,682 

Depreciation	224,847	
Loss on disposal of assets
Changes in assets and liabilities	9,692	
Increase in accounts receivable	(9,041)	
Increase in prepaid expenses	(1,236)	
Increase in accounts payable and accrued liabilities	9,407	
Decrease in customer deposits	 	(2,080)	
Total Adjustments	 	231,589 	
Net Cash Provided By Operating Activities	$	5651271 	

See accompanying notes.

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2019

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of Reserve Community Development District (the "District"), have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described below.

Reporting Entity

The District was established on February 15, 1992 pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), by an ordinance of the Board of County Commissioners of St. Lucie County, as a Community Development District. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is authorized to issue bonds for the purpose, among others, of financing, funding, planning, establishing, acquiring, constructing or re-constructing, enlarging or extending, equipping, operating and maintaining water management, water supply, sewer and waste water management, bridges or culverts, district roads, landscaping, street lights and other basic infrastructure projects within or without the boundaries of the Reserve Community Development District. The District is governed by a five-member Board of Supervisors who are elected for four-year terms. The District operates within the criteria established by Chapter 190, Florida Statutes.

As required by GAAP, these financial statements present the Reserve Community Development District (the primary government) as a stand-alone government. The reporting entity for the District includes all functions of government in which the District's Board exercises oversight responsibility includes, but is not limited to, financial interdependency, selection of governing authority, designation of management, significant ability to influence operations and accountability for fiscal matters.

Based upon the application of the above-mentioned criteria, the District has identified no component units.

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2019

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Basis of Presentation

The Water and Sewer Fund is an enterprise fund. An enterprise fund is a proprietary type fund used to account for operations (a) that are financed and operated in a manner similar to private business enterprises - where the intent of the governing body is that the costs (expense including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges, meter fees and connection fees, or (b) where the governing body has decided that periodic determination of revenues earned, expense incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes.

Enterprise fund operating revenues result from exchange transactions associated with the principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal values. Non-operating revenues result from non-exchange transactions or ancillary activities.

Assets, Liabilities, and Net Position or Equity

Cash and Investments

Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool, whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds.  This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits.

The District is authorized to invest in those financial instruments as established by Section 218.415, Florida Statutes. The authorized investments consist of:

Negotiable direct or indirect obligations which are secured by the United States Government;
The Local Government Surplus Funds Trust as created by Section 218.415, Florida Statutes;
Interest-bearing time deposits or savings accounts in authorized financial institutions;
Obligations guaranteed by the Government National Mortgage Association or similarly structured and secured associations or corporations.

For purposes of the statement of cash flows, cash equivalents include time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less.

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2019

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

3. Assets, Liabilities, and Net Position or Equity (Continued)

Restricted Assets

Certain net position of the District is classified as restricted net position on the Statement of Net Position because their use is limited either by law through constitutional provisions or enabling legislation; or by restrictions imposed externally by creditors. In a fund with both restricted and unrestricted net position, qualified expenses are considered to be paid first from restricted net position and then from unrestricted net position.

Capital Assets

Capital assets, which include land, improvements, infrastructure and equipment, are reported in the Statement of Net Position.

The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of two years. The valuation basis for all assets is historical cost.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.

Major outlays for capital assets and improvements are capitalized as projects are constructed.

Depreciation of capital assets is computed and recorded by utilizing the straight-line method. Estimated useful lives of the various classes of depreciable capital assets are as follows:

Buildings and improvements Machinery and equipment Plant Expansion

10-  50 years
5 - 30 years
24 years

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2019

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities, and Net Position or Equity (Continued)

Capitalization of Interest

Interest costs related to bond issues are capitalized during the construction period. These costs are netted against applicable interest earnings on construction fund investments. During the current period, the District did not have any capitalized interest.

Deferred Amount on Refunding

Deferred costs of refunding associated with the issuance of refunding bonds are presented on the financial statements and amortized over the life of the bonds using the straight line method of accounting. For financial reporting, the deferred costs of refunding are reported as a deferred outflow of resources on the statement of net position, in accordance with GASB No. 63, Financial Reporting of Deferred  Outflows of Resources, Deferred Inflows of Resources, and Net Position.

NOTE B - CASH AND INVESTMENTS

All deposits are held in qualified public depositories and are included on the accompanying balance sheet as cash and investments.

Custodial Credit Risk - Deposits

Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not be returned to it. The District does not have a formal deposit policy for custodial credit risk, however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2019, the District's deposits had a bank balance of $552,299 and a carrying value of $581,526. Exposure to custodial credit risk was as follows. The District maintains all deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2019

NOTE B - CASH AND INVESTMENTS (CONTINUED)

As of September 30, 2019, the District had the following investments and maturities:

 	Investment		Maturities	 	Fair Value	

First American Government Obligation Fund Z Florida Prime Fund
Total

24 days*

28 days*

*Weighted average maturity

The District categorizes its fair value measurement within the fair value hierarchy established by generally accepted accounting principles. The fair value is 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 hierarchy is based on the valuation inputs used to measure the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.

Assets or liabilities are classified into one of three levels. Level 1 is the most realizable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtained quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable and uses significant unobservable inputs that uses the best information available under the circumstances which includes the District's own data in measuring unobservable inputs.

Based on the criteria in the preceding paragraph, the investment in First American Government Obligation Fund Class Z is a Level 1 asset.

Investments

The District's investment policy allows management to invest funds in investments permitted under Section 218.415, Florida Statutes. Among other investments, the policy allows  the District to invest in the Florida Prime Fund.

Cash placed with the Florida Prime Fund is reported at fair value. As a pool participant the District invests in pools of investments in which shares are owned in the pool rather than the underlying investments.

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2019 NOTE B - CASH AND INVESTMENTS (CONTINUED)
Credit Risk

The District's investments in treasury funds, commercial paper, and government loans are limited by state statutory requirements and bond compliance. The District has no investment policy that would further limit its investment choices. As of September 30, 2019, the District's investment in the First American Government Obligation Fund Class Z and Florida Prime was rated AAAm by Standard & Poor's. The District had monies invested in the Florida Prime Fund at September 30, 2019. This fund met the requirements of a "2-7a like pool" as defined in Government Accounting Standards Board, Statement 31.

Interest Rate Risk

The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.

Concentration of Credit Risk

The District places no limit on the amount it may invest. The investments in First American Government Obligation Fund represent 38% and the investments in the Florida Prime Fund represents 62% of the Districts total investments.

The types of deposits and investments and their level of risk exposure as of September 30, 2019 were typical of these items during the fiscal year then ended. The District considers any decline in fair value for certain investments to be temporary.

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2019

NOTE C - CAPITAL ASSETS

Capital Asset activity for the year ended September 30, 2019 was as follows:

The following is a summary of changes in the Water and Sewer Fund capital assets for the year ended September 30, 2019.

Enterprise Fund
Capital assets, not being depreciated:

Balance	Balance
 	10/1/2018	Additions	Deletions	9/30/19	

Buildings and improvements	4,344,723			4,344,723	
Plant expansion	2,710,966			2,710,966	
Machinery and equipment	402,268	446,039	{45,979}	802,328	
Total Capital  Assets, Being Depreciated	 	7,457,957	446,039	{45,979}	7,858,017
Less accumulated depreciation for:	
Buildings and improvements	(1,948,208)	(90,696)		(2,038,904)	
Plant expansion
Machinery and equipment	(667,426)
{212,370}	(112,896)
{21,255}	
27,587	(780,322)
{206,038}	
Total Accumulated Depreciation	{2,828,004}	{224,847}	27,587	{3,025,264}	
Total Capital Assets Depreciated, Net	4,629,953	221,192	{18,392}	4,832,753	
Capital Assets, Net	$5,193,803	$221,192	$ (18,392)	$5,396,603	

Depreciation charged to the water and sewer function was $224,847.	

Land	 	$	563,850	$	$	$	563,850 Capital assets, being depreciated:

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September  30, 2019

NOTED- LONG-TERM DEBT

The following is a summary of long-term debt of the District for the year ended September 30, 2019:

Utility Revenue

Long-term debt at October 1, 2018	$	1,995,000
Principal payments	 	(160,000)
Long-term debt at September 30, 2019	$	1,835,000

Long-term debt is comprised of the following:

Utility Revenue Refunding Bonds

On May 30, 2013, the District issued a $2,735,000 Utility Revenue Refunding Bond, Series 2013 to provide funds to currently refund the outstanding Utility Revenue Refunding Bond, Series 2010.

$2,735,000 Series 2013 Utility Revenue Refunding Bonds due in semiannual installments on each April 1 and October 1 through
October 2028; interest payable fixed at 2.5%	$	1,835,000

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2019 for the Water & Sewer Fund are as follows:

Year Ending

2020	$	165,000	$	44,543	$	209,543	
2021	170,000	40,181	210,181	
2022	170,000	35,872	205,872	
2023	175,000	31,500	206,500	
2024	180,000	27,069	207,069	
025-2029	 	975,000	63,099	1,038,099
Totals	$ 1,835,000	$	242,264	$2,077,264	

September 30, 	Principal	Interest	Total	

2

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2019 NOTE D - LONG-TERM DEBT (CONTINUED)
Summary of Significant Bonds Resolution Terms and Covenants

Utility Revenue Refunding Bonds, Series 2013

Reserve Fund - For deposit of an amount equal to the lesser of: (i) the Maximum Annual Debt Service Requirement for all Outstanding Bonds; (ii) 125% of the average annual debt service for all Outstanding Bonds; or (iii) the aggregate of 10% of the proceeds of each issue of Outstanding Bonds calculated as of the date of purchase by the initial Owners thereof.

Utility Revenue Refunding Bonds

Series 2013 Utility Revenue Refunding Bonds

Reserve
 	Balance	
$	111,524

Reserve Requirement
$	105,091

NOTE E - DEFERRED OUTFLOWS OF RESOURCES

The following is a schedule of the deferred amount on refunding outstanding as of September 30, 2019:

Beginning
Balance	Additions	Reductions

Ending Balance

Enterprise Fund	$ 109,067	$
====

$	(36,357)	$	72,710

NOTE F - INTERLOCAL AGREEMENT

On February 10, 1993, the District entered into a interconnect agreement with St. Lucie West Services District ("St. Lucie"), which was subsequently amended and restated on November 12, 2003, to interconnect the system to the water and sewer system owned and operated by St. Lucie. In accordance with the terms of the amended agreement, the District will compensate St. Lucie for the connection to their water and sewer system in the amount of $1,000 and $900, respectively, per equivalent residential connection ("ERC"), or the approved connection charge in effect throughout the service area of the Utility System at the time of payment. The interconnect agreement was further amended on May 1, 2013 with the First Amendment to Amended and Restated Interconnect Agreement, which amended the amount of capacity reserved and timing and payment of the water and sewer capacity reserved among other provisions of the interconnect agreement. The phase II sewer capacity of 700 ERC's at $900 per ERC ($630,000) was paid in full by May 1, 2013. The phase II water capacity of 800 ERC's at $1,235 per ERC ($988,000) have also been paid in full.

Reserve Community Development District NOTES TO FINANCIAL STATEMENTS
September 30, 2019

NOTE F - INTERLOCAL AGREEMENT (CONTINUED)

In September 2017, the District entered into a new agreement with St. Lucie County for the County to administer a project to permit, design, construct, and install the Sabal Creek MSBU Potable Water Improvements. The County shall issue revenue bonds secured by non-ad valorem assessments to complete the project. Any other applicable fees and charges for connection to the District's Utility System will be the responsibility of the Landowners and/or the District. The District shall be responsible for operating and maintaining the Potable Water Improvements upon conveyance of the improvements by the County.

NOTE G - DEVELOPER AGREEMENTS

The District entered into an agreement with Mainstreet Village II, LLC ("Mainstreet") on March 11, 2008. Mainstreet owns or controls lands located in St. Lucie County, Florida. Mainstreet desires to promote the availability of central water and sewer facilities to occupants of each residential or commercial improvement constructed on its property. To induce the District to provide the water treatment and sewage collection and disposal facilities, and to continuously provide consumers located on the property with water and sewer services, Mainstreet agreed to construct and to transfer ownership and control to the District, or make payments on a basis of estimated cost of construction to the District in lieu of Mainstreet construction as a contribution­ in-aid-of-construction, the on-site water distribution and sewage collection systems.

Upon completion of the installation, but prior to the issuance of the final letter of acceptance and the rendering of service by the District, Mainstreet prepaid fees and charges that are due under the terms of the agreement. Mainstreet paid the District connection fee charges to induce the District to reserve plant capacities for Mainstreet's proposed connection and for defraying the District's cost of water production, storage, and treatment, and its cost of waste water treatment. Mainstreet prepaid and reserved 113 ERC of water and sewer capacity at $1,100 per ERC for water service availability and $900 per ERC of sewer availability. The District also imposed an inspection charge equal to its actual costs, not to exceed 2% of the construction cost, either actual or estimated, of the subject water and sewer facilities as installed by Mainstreet.

In June 2018, the District entered into an agreement with The School Board of St. Lucie County. The School Board agreed to purchase connection fees from Mainstreet Village II, LLC for approximately twenty-five ERC for both water and wastewater. During the current fiscal year, The School Board paid Mainstreet the sum of $2,000 per ERC for water and wastewater capacity. Upon completion of the connection, the District will provide water and wastewater services, at their applicable rates for service, in accordance with the Agreement and the School Board will maintain all facilities to which the services are provided.

NOTE H - RISK MANAGEMENT

The government is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets, errors and omissions; and natural disasters for which the government carries commercial insurance.

Berger, Toombs, Elam, Gaines & Frank
Certified Public Accountants	PL

600 Citrus Avenue
Suite 200
Fort Pierce,  Florida 34950
772/461-6120 // 461-1155
FAX: 772/468-9278

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
Reserve Community Development District St. Lucie County, Florida

We have audited, in accordance with auditing standards generally accepted in the United States of America the financial statements of the Reserve Community Development District (the "District") as of and for the year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the Reserve Community Development District's basic financial statements, and have issued our report thereon dated April 29, 2020.

Internal Control over Financial Reporting

In planning and performing our audit, we considered Reserve Community Development District's internal control over financial reporting (internal control) as a basis for designing our auditing procedures 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 Reserve Community Development District's internal control. Accordingly, we do not express an opinion on the effectiveness of the Reserve Community Development District's internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the 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 over financial reporting 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 deficiencies, significant deficiencies  or material weaknesses. We did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Member AICPA

Fort Pierce / Stuart
- 20 -
Member AICPA Division For CPA Firms Private Companies Practice Section

Member FICPA

Berger, Toombs, Elam, Gaines & Frank
Ccitil!i:<!PubtlcAooluntlnts PL

To the Board of Supervisors
Reserve Community Development District

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the District's financial statements are free of 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 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.

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.
Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants, PL
Fort Pierce, Florida April 29, 2020

-  21 -

Berger, Toombs, Elam, Gaines & Frank
Certified Public Accountants	PL

600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 // 461-1155
FAX: 772/468-9278	MANAGEMENT LETTER
To the Board of Supervisors
Reserve Community Development District St. Lucie County, Florida

Report on the Financial Statements

We have audited the financial statements of the Reserve Community Development District as of and for the year ended September 30, 2019, and have issued our report thereon dated April 29, 2020.

Auditor's Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States; 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 Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor's Report on an examination conducted in accordance with A/CPA Professionals 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 April 29, 2020, should be considered in conjunction with this management letter.

Prior Audit Findings

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 financial audit report. There were no findings or recommendations in the preceding audit.

Financial Condition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not Reserve Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, ·and to identify the specific conditions met. In connection with our audit, we determined that Reserve Community Development District did not meet any of the conditions described in Section 218.503(1) Florida Statutes.

Member AICPA

Fort Pierce/ Stuart
- 22 -
Member AICPA Division For CPA Firms Private Companies Practice Section

Member FICPA

( Berger, Toombs, Elam,
,QJ	Gaines & Frank
CertlOedP1JbflcAn:o1mtants Pl

To the Board of Supervisors
Reserve Community Development District

Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for Reserve Community Development District. It is management's responsibility to monitor the Reserve Community Development District's financial condition; our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same as of September 30, 2019.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate 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 warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter

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, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.
J)J14tt J(K}N/otv
0 4J/4WJ
Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida April 29, 2020

- 23 -

Berger, Toombs, Elam, Gaines & Frank
Certified Public Accountants	PL

600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461-6120 II 461-1155 FAX: 772/468-9278

INDEPENDENT ACCOUNTANT'S REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
Reserve Community Development District St. Lucie County, Florida

We have examined Reserve Community Development District's compliance with Section 218.415, Florida Statutes during the year ended September 30, 2019. Management is responsible for Reserve Community Development District's compliance with those requirements. Our responsibility is to express an opinion on Reserve Community Development 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 Reserve Community Development 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 Reserve Community Development District's compliance with the specified requirements.

In our opinion, Reserve Community Development District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2019.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accoun.tants PL
Fort Pierce, Florida April 29, 2020

Member AICPA

Fort Pierce / Stuart
- 24 -
Member AICPA Division For CPA Firms Private Companies Practice Section

Member FICPA

§Eitriude	<WaLkt:t
Supervisor of Elections St Lucie County

4132 Ol eechobee Road • Fort Pierce, FL 34947-5412 " (772) 462-1500 .. Fax (772) 462-1439

April 22, 2020

Jennifer McConnell 5385 N. Nob Hill Road Sunrise, FL 33351

Dear Jennifer McConnell:

This letter is in reference to the number of registered voters as of April 15, 2020 in the  Community Development Districts listed below based on the previous mapping forwarded by your organization. If any of your mapping information has changed, please forward the applicable documentation to our office as soon as possible.
NAME VOTERS

Copper Creek	371	
Creekside	173	
Portofino Isles	1262	
Portofino landings	166	
Portofino Shores	836	
Reserve	1121	
Reserve 2	806	
River Place on the St. Lucie	531	
Verano #1	1140	
Verano #2	68	
Verano #3	0	
Verano #4	0	
Verano #5	0	
Verano Center	0	
Villa Vizcaya	0	
Waterstone	5	

Please contact my office if you require any further information. Sincerely,
dA-,
Gertrude Walker
St. Lucie County Supervisor of Elections

250 NW Country Club Drive • Port St. Lucie, Florida 34986  •  (772) 871-5410  •  Fax (772) 871-5323 1664 SE Walton Road • Port St. Lucie, Florida 34952 • (772) 337-5323 • Fax (772) 337-5626
10264 SW Village Parhway • Port St. Lucie, Florida 34987 • (772) 448-5172
www.slcelections.com • e-mail: elections@slcelections.com

Reserve
Community Development District

Summary  of Invoices
May 12, 2020

Fund	Date	Check No.s	Amount	

Water/Sewer	
4/1-4/30	
11475-11533	
$	146,546.05	

!Total Invoices for Approval	$ 146,546.05

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 04/01/2020 - 04/30/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

RUN	4/30/20	PAGE	1

DATE 4/01/20	
00687	DATE 4/01/20	

4/01/20	
00089	
3/17/20	

4/01/20	
00616	
4/01/20	

4/01/20	
00700	
2/28/20	

4/01/20	
00457	
10/01/19	

4/01/20	
00213	
3/09/20	

4/01/20	
00614	
3/13/20	

4/01/20	
00678	
3/17/20	

4/01/20	
00022	
4/01/20	
		4/01/20	

4/01/20	
00177	
4/01/20	

4/01/20	
00661	
4/01/20	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

APR 20	202004 320-53600-41100 APR 20 - ANSWERING SVC

*	125.00

B&B TELEPHONE ANSWERING SERVICE
201921	202003 320-53600-52000
PARTS FOR PUMP #3
CITY ELECTRIC SUPPLY CO.
38330	202004 320-53600-46100
APR 20 - MONTHLY ASSESS
COMMERCE ONE & TWO ASSOCIATION, INC
L978627	202002 320-53600-52000 METER SUPPLIES
CORE & MAIN
14939	201910 320-53600-52000
WATER METER INSTALL
DESIGN A SIGN
430504	202003 320-53600-52000
COLILERT-18
FLOWERS CHEMICAL LABORATORIES, INC.
55V11667 202003 320-53600-51000 MAR-JUN 20 CONTRACT BASE
KYOCERA DOCUMENT SOLUTIONS, LLC
612921	202003 320-53600-46000
PUMP #1 REPAIRS
MICHAEL MONTEROSSO
APR 20 C 202004 320-53600-41000 APR 20 - CELL REIMB
APR 20 H 202004 320-53600-24000 APR 20 - HEALTH INS

- - - - - - - - - - - - - - -

125.00 011475

*	1,642.01

- - -	- - -	- -

- -

-  -	-  -  -	1,642.01 011476
*	359.33

-

- -

-  -	-  -  -  -  -  -  -  -  -359.33-  011477
*	492.42

-  -  -	-  -  -  -	- -

492.42 011478
-   -	-   -	- -
*	220.00

- -  -	-  -	-

- -

-  -	-  -  -  -	- 220.00 011479
*	130.00

-  -  -	-  -  -	- -

-

-  -	-  -  -	- 130.00 011480
*	95.50
-  -  -  -  -  -   -  -  -  -  -  -   9-5.-50-  011481
*	200.00

-  -  -	-  -  -	- -

-  -	-  -  -	- 20-0.00 011482
*	100.00
*	333.70

GEORGE A. MORGAN, SR.
APR 20	202004 320-53600-41000 APR 20 - CELL REIMB
CHRISTINE PERKINS
APR 20 R 202004 300-15100-20400 APR 20 - R&R FUNDING
RESERVE CDD - R&R ACCOUNT

- - - - - - - - - - - - - - -

433.70 011483

*	100.00

-  - - -	-  - - -	-

- -

-	-  -	-100.00 011484
*	5,542.86
5,542.86 011485

RESV -RESERVE-	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/30/20
***   CHECK DATES 04/01/2020 - 04/30/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

PAGE	2

CHECK	VEND#		•....INVOICE..... ...EXPENSED TO...		VENDOR NAME DATE		. DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

4/01/20	00035	4/01/20	

4/01/20	
00702	
4/01/20	

4/01/20	
00034	
2/18/20	
		2/28/20	
		3/06/20	
		3/06/20	
		3/13/20	

4/01/20	
00534	
3/20/20	

4/01/20	
00658	
2/18/20	

4/03/20	
00009	
4/01/20	

INTEREST 202004 300-15100-20200 APR 20 - INTEREST

*	3,579.51

- - -

RESERVE CDD C/O U.S. BANK

-  -  -  -  -  -  -  -  -  -  -3,579.51-

011486

PRINCIPA 202004 300-15100-20900 APR 20 - PRINCIPAL
RESERVE CDD C/O U.S. BANK
263038	202002 320-53600-52100
50 LB LIME/150 CHLORINE
263480	202002 320-53600-52100
50 LB LIME
263959	202003 320-53600-52100
LIME/AQUA AMMONIA
263959	202003 320-53600-52000
GLOVES/PAPER TOWELS/TP
264522	202003 320-53600-52100
50 LB LIME

*	14,166.67

-

- - - -

- - - - - - - - - - 14,166.67 011487
*	915.00
*	660.00
*	836.00
*	154.71
*	660.00

VERO CHEMICAL DISTRIBUTORS, INC.
5044787	202003 320-53600-52000
MAR 20 - REFUSE SVC

- - - - - - - - - -

3,225.71	011488	

59.63	
011489	

43.67	
011490	
-2,00-0.-00-	
011491	

*	59.63

WASTE PRO - FT PIERCE
OE-10973 202002 320-53600-51000 OFFICE SUPPLIES

-    -  -  -  -  -  -  -  -  -
*	43.67

- - - - - - - - - - - - -

TYLANDER'S OFFICE SOLUTIONS
040120	202004 320-53600-34400
APR 20 - CONSULTING SVCS
ROBERT L. FROMM ASSOCIATES

- - - - - - - - - -
*	2,000.00
-  -  -  -  -  -  -  -   -  -	-

4/03/20 00486	4/01/20 429
APR 4/01/20 430
APR 4/01/20 430
APR 4/01/20 430
APR 4/01/20 430
APR 4/01/20 430
APR 4/01/20 430
APR

202004 320-53600-34400
20 - UTILITY BILLING 202004 310-53600-34000
20 - MGMT FEES
202004 310-53600-44000
20 - RENT
202004 310-53600-35100
20 - COMPUTER TIME
202004 310-53600 49500
20 - WEBSITE ADMIN
202004 310-53600-51000
20 - SUPPLIES
202004 310-53600-42000
20 - POSTAGE

*	5,548.42
*	3,500.00
*	100.00
*	125.00
*	83.33
*	17.65
*	28.15

RESV -RESERVE-	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 04/01/2020 - 04/30/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

RUN	4/30/20	PAGE	3

CHECK	VEND#  ..•..INVOICE..... ...EXPENSED TO...		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

	4/01/20	

4/03/20	
00030	
3/31/20	

4/03/20	
00017	
3/25/20	

4/09/20	
00675	
2/10/20	

4/09/20	
00045	
3/31/20	

4/09/20	
00013	
3/31/20	
		3/31/20	

4/09/20	
00213	
3/23/20	

4/09/20	
90000	
4/09/20	

4/09/20	
90000	
4/09/20	

4/09/20	
90000	
4/09/20	

4/09/20	
90000	
4/09/20	

430	202004 310-53600-42500
APR 20 - COPIES

STATUS

*

AMOUNT	....CHECK.....
AMOUNT	#
59.40

GOVERNMENTAL MANAGEMENT SERVICES -
871-001	202003 310-53600-31500
MAR 20 - GENERAL COUNSEL

9,461.95 011492

-  -  -  -	-  -  -  -	- -

-	-   -	- -

- - -

*	672.00

GONANO & HARRELL
60353220 202003 320-53600-52000
MISC SUPPLIES

- - - - - - - - - - -
*	137.17

672.00-

011493

HOME DEPOT CREDIT SERVICES
25964	202002 320-53600-46000
ACOUSTIC CEILING

137.17 011494
- - - - - - - - - - - - - - -
*	295.00

A-1 CONSTRUCTION COMPANY, INC.
57226	202003 320-53600-51000
BUSINESS CARDS

- - - - - - - - - - - - - - -

295.00 011495

*	56.00

AMERICAN SPEEDY PRINTING CENTERS
MAR 20	202003 320-53600-43000 MAR 20 - ELECTRIC
MAR 20	202003 320-53600-46100
MAR 20 - ELECTRIC

-  -  -    -  -  -  -  -  -  -
*	3,252.55
*	75.69

56.00 011496

FLORIDA POWER & LIGHT COMPANY
432000	202003 320-53600-52000
COLILERT

-  -  -  -  -  -  -  -  -   -
*	26.00

3,328.24 011497

FLOWERS CHEMICAL LABORATORIES, INC.
01120302 202004 300-11500-10000
001120302 MURRAY, MARK

- - - - - - - - - - - -

2-6.-00-	011498	
100.00	011499	
- 94.-18-  011500
-	

*	100.00

MURRAY, MARK
01121402 202004 300-11500-10000
001121402 WENDELL, ROGER

- - - - - - - - - -
*	94.18

WENDELL, ROGER
01221101 202004 300-11500-10000
001221101 LEATHERBURY, JO
LEATHERBURY, JOHN & THERESA
01257408 202004 300-11500-10000
001257408 MAF REALTY
M.A.F. REALTY INC

- - - - - - - - - - -
*	101.97

-  -  -	-  -  -  -  -	- -

101.97 011501
-   -   -	- -
*	49.63
49.63 011502

RESV -RESERVE-	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 04/01/2020 - 04/30/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

RUN	4/30/20	PAGE	4

CHECK	VEND#	...••INVOICE..•.• ...EXPENSED TO...		VENDOR NAME DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

4/09/20	90000	4/09/20	

4/09/20	
90000	
4/09/20	

4/09/20	
90000	
4/09/20	

4/09/20	
90000	
4/09/20	

4/09/20	
00057	
4/30/20	

4/09/20	
00210	
3/19/20	

4/29/20	
00027	
4/10/20	

4/29/20	
00687	
5/20/20	

4/29/20	
00062	
4/15/20	

4/29/20	
00647	
4/01/20	

4/29/20	
00616	
5/01/20	

4/29/20	
00700	
4/13/20	

01286204 202004 300-11500-10000
001286204 VAUGHAN, BECKY

STATUS

*

AMOUNT	....CHECK.....
AMOUNT	#
92.61

VAUGHAN, BECKY
01342501 202004 300-11500-10000
001342501 PATEL, M/M TARU

-  -  -  -  -  -  -  -  -   -
*	30.22

92.61 011503

PATEL, M/M TARUN
01711604 202004 300-11500-10000
001711604 TALKA, KATHRYN

- - - - - - - - - -

30.22	011504	

88.81	
011505	

35.74	
011506	

49,906.51	
011507	

*	88.81

TALKA, KATHRYN & JOEL
01714203 202004 300-11500-10000
001714203 NYHLEN, EVAMARG

-  -  -  -  -    -    -    -  - -
*	35.74

NYHLEN, EVAMARGARETA
BW00104	202003 320-53600-43100 MAR 20 - BULKWATER

-    -  -  -  -  -    -  -  -  -
*	49,906.51

ST. LUCIE WEST SERVICES DISTRICT
676969	202003 320-53600-46000
BI14834812

- - - - - - - - - - - - - - -
*	597.42

TIRES PLUS
77246412 202004 320-53600-41000
APR 20 - INTERNET/PHONE
AT&T
904	202005 320-53600-41100
APR 23-MAY 20 ANSWER'G SV

- - - - - - - - - - - - - - -

597.42 011508

*	439.60

-  -  -  -  -	-  - -  -	-

- -

-  -	-439.60 011509
*	125.00

B&B TELEPHONE ANSWERING SERVICE
51689	202004 320-53600-60100
10 HP LIFT STATION PUMP
BARNEY'S PUMPS INC.
040120	202004 320-53600-46000
MOWING/TRIMMING

- - - - - - - - - - - - - - -

125.00 011510

*	7,827.00

-  -  -  -  -	-  --      -  -		- -

7,827.00 011511
-	- -
*	275.00

BAUTISTA & SONS LAWN MAINTENANCE
38330	202005 320-53600-46100
MAY 20 - MONTHLY ASSESS

- - - - - - - - - - - - - - -

275.00 011512

*	359.33

COMMERCE ONE & TWO ASSOCIATION, INC
M191762	202004 320-53600-52000 METER PARTS
CORE & MAIN

- - - - - - - - - - - - - - -

359.33 011513

*	569.90
569.90 011514

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 04/01/2020 - 04/30/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

RUN	4/30/20	PAGE	5

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
4/29/20 00012	4/07/20	69789567 202004 310-53600-42000	*	30.56			
	4/14/20	69856335 202004 310-53600-42000	*	168.68			

CHECK	VEND#	...•.INVOICE..... .•.EXPENSED TO...	VENDOR NAME

STATUS

AMOUNT

....CHECK.....

DELIVERIES THRU 4/7 DELIVERIES THRU 4/14

FEDEX

199.24 011515

4/29/20 00213

4/12/20 433706	202004 320-53600-52000
COLILERT

*	130.00

4/29/20 00009

FLOWERS CHEMICAL LABORATORIES, INC.
5/01/20 MAY 20	202005 320-53600-34400	*
MAY 20 - CONSULTING SVCS

2,000.00

130.00 011516

4/29/20 00680

4/29/20 00723

ROBERT L. FROMM ASSOCIATES
4/25/20 042520	202004 320-53600-46000
TANK MIXER REPAIR
MAXIMILIANO GAMEZ
3/31/20 56634	202003 320-53600-42000
MAR 20 -UTILITY BILL MAIL

*	200.00

*	1,870.28

2,000.00 011517

200.00 011518

4/29/20	00022	5/01/20	MAY 20 C 202005 320-53600-41000	*	100.00	
		5/02/20	MAY 20 H 202005 320-53600-24000
GEORGE A. MORGAN, SR.	*	333.70	

INFOSEND, INC.

MAY 20 - CELL REIMB
MAY 20 - HEALTH INS REIMB

1,870.28 011519

4/29/20	00623	4/25/20	

4/29/20	
00177	
5/01/20	

4/29/20	
00601	
4/02/20	

4/29/20	
00661	
5/01/20	

4/29/20	
00035	
5/01/20	

042520	202004 320-53600-46000
TANK MIXER REPAIR
KYLE D. PARRISH
MAY 20	202005 320-53600-41000 MAY 20 - CELL REIMB

*	200.00

433.70	011520	

200.00	
011521	
- 100.00
-  -  -	
011522	

395.19	
011523	
5,-54-2.-86-	
011524	

3,579.51	
011525	

*	100.00

CHRISTINE PERKINS
4066	202003 320-53600-52000
MAR 20 - FUEL

- - - - - - - - - - -
*	395.19

PNC BANK
R&R	202005 300-15100-20400 MAY 20 - R&R FUNDING

- - - - - - - - - - -
*	5,542.86

- - - -

RESERVE CDD - R&R ACCOUNT
INTEREST 202005 300-15100-20200 MAY 20 - INTEREST FUNDING

- - - - - - - - - - -
*	3,579.51

RESERVE CDD C/O U.S. BANK

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 04/01/2020 - 04/30/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

RUN	4/30/20	PAGE	6

CHECK	VEND#  .....INVOICE..•.. ..•EXPENSED TO..•		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS

AMOUNT

....CHECK.....
AMOUNT	#·

4/29/20 00702

5/01/20 PRINCIPA 202005 300-15100-20900 MAY 20 - PRINCIPAL FUND'G

*	14,166.67

RESERVE CDD C/O U.S. BANK

4/29/20	00082	4/21/20	

4/29/20	
00595	
3/31/20	

4/29/20	
00110	
4/28/20	

4/29/20	
00458	
4/18/20	

4/29/20	
00034	
3/23/20	

371858	202004 320-53600-52000
4D BATTERIES/DEKA BATTERY

14,166.67 011526
*	983.75

ST.LUCIE BATTERY & TIRE

- - - - - - - - - - -

983.75

- -

- -

011527

188178	202003 320-53600-49100
MAR 20 - TICKETS

*	25.73

SUNSHINE STATE ONE CALL
4172064	202004 310-53600-48000
NOTICE OF MEETING

- - - - - - - - - - -
*	143.64

25.73 011528

-

- - -

TREASURE COAST NEWSPAPERS
98528139 202004 320-53600-41000
APR 20 - R RINIOLO CELL

-  -    -    -    -   -    -  -  - -
*	31.65

143.64 011529

VERIZON WIRELESS
266552	202003 320-53600-52100
50 LB LIME
4/03/20 264521	202004 320-53600-52100
55 LB POLYMER
4/07/20 268225	202004 320-53600-52100
50LB LIME
4/21/20 269254	202004 320-53600-52100
CHLORINE/LIME/GLOVES

-  -  -  -  -  -  -  -  -   -
1,320.00
*	480.00
*	660.00
*	1,988.91

31.65 011530

4/29/20 00534

4/29/20 00697

VERO CHEMICAL DISTRIBUTORS, INC.
4/20/20 5122501	202005 320-53600-52000
MAY 20 - REFUSE SERVICE
WASTE PRO - FT PIERCE
4/21/20 1303	202004 320-53600-60100
30 RADIO READ METERS

-  -  -  -   -  -  -  -  -  -

4,448.91	011531	

19.63	
011532	

4,990.00	
011533	

*	19.63
- - - - - - - - - -
4,990.00

WATER WERKS, INC

TOTAL FOR BANK A TOTAL FOR REGISTER

146,546.05
146,546.05

RESV -RESERVE-	PPOWERS

I
Ii

,1f you don't already have online access to  account	J

0 PN CBANK

,maintenance features, please call 1-877-459-9801 and

Business Card

:establish an Account View Program Administrator User ID
;today.

Account#
Statement closing date
New balance
0	Minimum payment
@ Due date

Questions?
pnc.com/accountview

XXXX XXXX XXXX 4066
04/02/20
$395,19
$25.00 04/28/20

1-800-474-2101 24 hours a day, 7 days a week

...
N'

Previous balance	$912.14

Payment received on 03/23/20 • thank you	$912.14
Purchases	$552.19
Credits	$157.00
Cash advances	$0.00
Late and overlimit fees	$0.00
 	Finance charges	$0.00

New balance	$395.19		
Minimum payment	$25.00		
Due date	04/28/20		
Total credit limit	$15,000.00		
Total available credit	$14,604.00		
cash advance available credit	$7,500.00		
		2D20	

0
@

TRANS DATE
03/23	POST DATE
03/23	REFERENCE NUMBER 7443603FSSBZMWHBQ	DESCRIPTION PAYMENT*THANK YOU	
LOUISVILLE	
KY		AMOUNT
$912.14·	
Total							$912.14-	

RICK RINOLO
03/06	03/06

Card number: XXXX XXXXXXXX 3761
2469216EJ2X890XE2	CHEVRON 0375792 PORT ST. LUCI FL

$37.85
(continued on next page)

5170     OOM  HXH	002     7   l	200402  0	PAGE l of 3	l O 5625 0300  TD62 OA5170CC	112099

-	0.PNCBANK
PO BOX 3429
PITTSBURGH PA 15230-3429

Account#
New balance
0	Minimum payment

XXXX XXXX XXXX 4066
$395.19
$25.00

[

··1--Check here if address, phone or e-mail
       changes are indlcatecl on reverse side

4436□3211900	4066000□□39519	□□□□□9121	4□00 □□□ 25007

Due date

PAYMENT ENCLOSED
$ 	

04/28/2.0
_

Make c:heck payable to:

PNC BANK
PO  BOX856177 LOUISVILLE KY 40285-6177
1111 11, lu ,,•11M11111111I"  1'111111111111 •I•I   1111111J lilp 11111

PATTI POWERS
RESERVE COMMUNITY DEVELOP 5385 N NOB HILL RD
SUNRISE FL 33351-4761

112099
Ml03

 	

.-.....
--

iiiiiii
=!!!!!!

TERMS AND CONDITIONS

Crediting of payments Paymia!nts received by us at P.O. Box 856177, Louisville, KY 40285-6177 by 5:00 P.M. East-em Time, will be credited as of that day, Payments received after 5:00 P.M. E.a&lern Time, will be credited as of the following day. Do not send cash. The bottom portion of this statement must accompany your payment and be inserted in the envelope provided, The payment address must
be placed In the window of the envelope. Do not fold check or bottom portion of this statement. Paper clips, staples, tape, or other correspondence  should not be included  with your  payment.  If
, you fail to follow these payment Instructions, the crediting of such payment to your account may be delayed up to 5 days,
Important information about credit availability In order to ensure there is enough time for a payment to clear the account on which it is drawn, we may not make the payment amount available to re-borrow for a period of 10 or 14 days, depending on the amount of the payment and other factors. Even if the payment amount is not available immediately, the payment will be credited on receipt ff and as provided in the section called "Crediting of Payments" above.

I

Notice to eustomers paying by cheek When you make a payment with a personal check, you authorize us to use information from your check to make a one-time electronic transfer from your account or to process the payment as a check transaction. This means your account could be debited as early as the same day the payment is received. Your check will no longer be sent to your bank for processing. 1t will be destroyed and a copy will be retained.
, Therefore, you will no longer receive the original or a e<:1py of your check back from your bank. Also, the way in which the transaction appears on your bank statement will change. Yqur statement will now show a line item for an electronic entry Initiated by PNC Bank, and will include the check number, payee and ihe check amount. If you have qaestions ri;igarding the conversion of your payment to an electronic transfer, please refer to the toll free number on the front of this statement.	·
Conditional payme f Any payment you send to  us  for  less than the full balance marked with the words "Paid in Full" or similar language, must be sent to Customer _Service, P.O. Box 3429, Pittsburgh, PA 15230-3429.We may refuse to accept such payments.
. If your payment is made to any other address, we may accept the payment without losing any of our rights. All other payments should

l

i    be sent  to the  payment  address  printed  on the remittance portion
of the statement.

Lost or stolen cards You must immediately report lost or stolen cards by calling the Customer Service number on the front of the statement.
Grace period You may avoid finance charges on the Purchases portion of your New Balance if you paid in full the New Balance showing on your previous statement and you pay in full the New Balance on your current statement. All payments must be received by the requested due dates to avoid finance charges. The grace period Is not applicable to cash advances or balance transfers.

Balance calculation for purehases Finance charges on Purchases accrue from the date of each transaction. We figure finance charges for Purchases by applying the pertodic rate for Purchases to the Average Daily Balance for Purchases, To get your Average Daily Balance for Purchases we take the beginning balance of Purchases
for your Account each day, and unpaid finance charges and fees that apply to Purchases, add any new Purchases (if you have not paid in full your previous New Balance by the Due Date) and subtract any payments and credits that apply to Purchases. This gives us the
Daily Balance for Purchases. Then, we add all the daily balances for Purchases for the billlng cycle and divide by the total number of days in the billing cycle. This gives us the Average Daily Balance for Purchases.
Balance calculation for cash advances A finance charge will be imposed on all Cash Advances rrom the date of each Cash Advance. We_ fi ure the finance charges for Gash Advances by applying the penodIc rate for Cash Advances to the Average Daily Balance for GashAdvances. To et your Average Dally Balance for GashAdvances, we take the beginning balance of Cash Advances for your Account each day, and unpaid finance charges and fees that apply to Cash Advances, add any new Gash Advances, and subtract any payments and credits that apply to Cash Advances. This gives us the Daily Balance for Gash Advances. Then, we add all the Daily Balances for Cash Advances for the billing cycle and divide by the total number of days in the biTiing cycle, This gives us the Average Daily Balance for cash Advances.
Balance ealeulation for balance transfers A finance charge will be imposed on all Balance Transfers from the date each transfer check is written by us, We figure the finance charges for Balance Transfers by applying the periodic rate for Balance Transfers to the Average Daily Balance for Balance Transfers. To get your Average Daily Balance for Balance Transfers, we take the beginning balance of Balance Transfers for your Account each day, and unpaid finance charges and fees that apply to Balance Transfers, add any new Balance Transfers, and subtract any payments and credtts that apply to Balance Transfers. This gives us the Daily Balance for Balance Transfers. Then, we add all the Daily Balances for Balance Transfers for the billing cycle and divide by the total number of days in the billing cycle, This gives us the Average Daily Balance for Balance Transfers.
The finance charge may be determined by (1) multiplying each of the Average Daily Balances by the number of days in the billing cycle, (2) multiplying each of the results by the applicable daily periodic rate, and (3) adding each of these products together.
Annual fee renewal notice If your Credit card Agreement provides for an annual fee, the annual fee will be reflected on your credit card statement once each year.
IMPORTANT NOTICE
This is an attempt to collect a debt and any information obtained will be used for that purpose,

OA5170CC • .1.1 - 05/13113

Moving? Please provide your new information below and also check the box on the front of the payment stub to ensure prompt handling;

Street       address--------------'------------------------------
City 	_ State 	_ ZIP   	
Business phone 	Cell phone 	_

*Email address  	
*This email address will be used to provide you with general communications and special offers. This change will not update your email address in any PNC Bank on line service.

@.PNCBANK

Your transactions (continued)

Account#

TRANS DATE	POST DATE	REFERENCE NUMBER	DESCRIPTION
MCC: 5542 MERCHANT ZIP; 34986		
03/11	03/11	2469216EP2XMQ2W22	CHEVRON 0375792 PORT ST. LUCI FL		

03/14	

03/14	

2469216ES2XH Q874H	MCC: 5542   MERCHANT ZIP: 34986
CHEVRON 037S792 PORT ST. LUCI FL		

03/16	

03/16	

7419881EX09KVS39G	MCC: 5542   MERCHANT ZIP: 34986
PAYPAL *YZ IGCG	4029357733	

IP	

Statement closing date

MCC: 5046 MERCHANT ZIP: 52423

XXXX xxxx xxxx 4066
04/02/20

AMOUNT

$37.42

$31.86

$157.00

03/18	03/18	7419881EY0AJG0WT6

PAYPAL "YZ IGCG

40293577 CREDIT

$157.00-

	MCC: 5046 MERCHANT ZIP: 52423	
	03/18	03/18	2469216EY2Y1X9D6A	CHEVRON 0375792 PORT ST. LUCI FL	$33.33	
...	

03/21	

03/21	

2469216F12XRXR3H1	MCC: 5542 MERCHANT ZIP: 34986
CHEVRON 0375792 PORT ST. LUCI FL	$31.42	
N				MCC: 5542 MERCHANT ZIP: 34986	
	03/25	03/25	2469216F52XZ6VJS9	CHEVRON 0375792 PORT ST. LUCI FL	$31,66	
				MCC: 5542 MERCHANT ZIP: 34986	
	03/29	03/29	2443105F9RQEDE98L	MURPHY7001ATWALMART PORT SAINT LU FL	$31.54	
				MCC: 5542 MERCHANT ZIP: 34986	

I

Total
GEORGE MORGAN	
Card number: XXXX XXXX XXXX	
4058	$235.08	
	03/03	03/03	2469216EF2X5A4HZP	CHEVRON 0375792 PORT ST. LUCI FL	$31,77	
				MCC: 5542 MERCHANT ZIP: 34986		
	03/10	03/10	2469216EN2XVKVY6N	CHEVRON 0375792. PORT ST. LUCI FL	$34.70	
				MCC: 5S42 MERCHANT ZIP: 34986		
	03/17	03/17	2469216EX2X9LPKVX	CHEVRON 0375792. PORT ST. LUCI FL	$31,92	
				MCC: 5542 MERCHANT ZIP: 34986		
	03/21	03/21	2416405F2801 GBYGM	EXXONMOBIL 99285652 PORT SAINT LU FL	$30.41	
				MCC: S542 MERCHANT ZIP: 34986		
	03/30	03/30	2469216FA2XGNMS61	CHEVRON 0375792 PORT ST. LUCI FL	$31.31	
				MCC: 5542 MERCHANT ZIP: 34986		
:,;,;	Total				S160.11	

:;;

TYPE OF	

CORRESPONDING
ANNUAL PERCENTAGE	

DA(LY PERIODIC RATE	

DAYS
IN	

AVERAGE
DAILY	

FINANCE	
BALANCE	RATE (APR)	(MAY VARY)	BILLING	BALANCE	CHARGE	
Purchases	13.740%	0.03764%	31	$0.00	S0.00	
Cash advances	20.740%	0.05682%	31	$0.00	$0,00	
					$0.00	

I
5170	0004  HXH	002	7    1	200402   0	PAGE 2 of  3	l O 5625 0300 TD6Z OAS170CC	112099

 	

RESERVE
COMMUNITY  DEVELOPMENT DISTRICT
BALANCE SHEET
March 31, 2020

Water/Sewer
 	Fund	

ASSETS:
Current Assets Cash Investments:
State Board Accounts Receivable Prepaid Expenses Electric Deposits

$144,524

$1,061,657
$143,079
$19,828
$365

Non-Current Assets
Series 2010/2013 Refunding
Reserve	$110,973	
Interest	$30,448	
Redemption	$85,000	
R&R	$132,593	
Revenue	$33,837	

Capital assets
Land, Buildings and Improvements (net)	$5,302,870

TOTAL ASSETS	$7,065,174

LIABILITIES:
Current Liabilities
Accounts Payable	$65,348	
Accrued Interest Payable - 2013	$21,223	
Accrued Principal Payable - 2013	$85,000	
Customer Deposits	$258,190	

Non-current Liabilities Prepaid Connection Fees Bonds Payable - 2013
NET POSITION:
Restricted Net Assets

$331,728
$1,670,000

$258,190
$4,375,495

TOTAL LIABILITIES & NET POSITION	 	$7,065,174 

RESERVE
COMMUNITY DEVELOPMENT DISTRICT WATER/SEWER FUND
Statement of Revenues & Expenses and Changes in Net Position For the Period Ended March 31, 2020

DESCRIPTION	ADOPTED BUDGET	PRORATED BUDGET THRU 03/31/20	ACTUAL THRU 03/31/20	
VARIANCE	

REVENUES:					
Water Revenue	$820,000	$410,000	$429,011	$19,011	
Sewer Revenue	$795,000	$397,500	$415,998	$18,498	
Misc. Income/Penalties	$8,500	$4,250	$10,220	$5,970	
Interest Income	$5,000	$2,500	$11,017	$8,517	
Rental Income	$6,000	$3,000	$3,500	$500	
Connection/Meter Fees	$0	$0	$11,889	$11,889	
TOTAL REVENUES	$1,634 500	$817,250	$881,636	$64,386	

EXPENSES:					
Administrative:					

Supervisors Fees	
$10,000	
$5,000	
$5,000	
$0	
FICA Expense	$765	$383	$383	$0	
Engineering Fees	$15,000	$7,500	$0	$7,500	
Attorneys Fees	$5,000	$2,500	$1,219	$1,281	
Annual Audit	$6,975	$0	$0	$0	
Trustee Fees	$3,502	$0	$0	$0	
Management Fees	$42,000	$21,000	$21,000	$0	
Computer Time	$1,500	$750	$750	$0	
Telephone	$150	$75	$0	$75	
Postage	$1,500	$750	$1,053	($303)	
Printing & Binding	$1,200	$600	$326	$274	
Rentals & Leases	$1,200	$600	$600	$0	
Insurance	$34,025	$17,013	$15,945	$1,068	
Legal Advertising	$2,000	$1,000	($410)	$1,410	
Bank Charges	$4,500	$2,250	$2,422	($172)	
Website Admin	$1,000	$500	$500	$0	
Office Supplies	$500	$250	$92	$158	
Dues, Licenses	$175	$175	$175	$0	
TOT AL ADMINISTRATIVE	$130,992	$60,345	$49,054	 	$11 291 	
Plant and Field 012.erations:					
Salaries	$168,827	$84,414	$81,892	$2,521	
FICA	$12,915	$6,458	$6,265	$193	
Workers Comp Insurance	$7,502	$5,919	$5,919	$0	
Health Insurance	$4,500	$2,250	$2,002	$248	
Consulting Services	$97,850	$48,925	$47,283	$1,642	
Telephone	$9,500	$4,750	$5,620	($870)	
Answering Service	$1,500	$750	$875	($125)	

RESERVE
COMMUNITY DEVELOPMENT DISTRICT WATER/SEWER FUND
Statement of Revenues & Expenses and Changes in Net Position For the Period Ended March 31, 2020

  DESCRIPTION	

ADOPTED
 	BUDGET	

PRORATED BUDGET THRU 03/31/20

ACTUAL
THRU 03/31/20	 	VARIANCE	

EXPENSES: (continued)

Plant and Field Operations: (continued)		
Postage	$18,000	$9,000	$9,503	($503)	
Electric	$42,000	$21,000	$20,035	$965	
Bulk Water/Sewer Purchase	$583,000	$291,500	$308,556	($17,056)	
Repairs & Maintenance	$35,000	$17,500	$10,414	$7,086	
Condo Expenses	$6,100	$3,050	$2,875	$175	
Office Supplies	$4,000	$2,000	$1,082	$918	
Operating Supplies	$40,000	$20,000	$19,791	$209	
Chemicals	$28,000	$14,000	$17,083	($3,083)	
Filter Media	$5,000	$2,500	$0	$2,500	
Dues & Licenses	$4,500	$2,250	$0	$2,250	
TOT AL PLANT AND FIELD	$1,068,194	$536,265	$539,196	($2,931)	
Non-Operating Expenses					
Renewal & Replacement	$0	$0	$108,384	($108,384)	
TOTAL NON-OPERATING	 	$0	$0		$108,384	($108,384)	

Debt Service
ries 2013
Principal Expense	$170,000	$85,000	$85,000	($0)	
Interest Expense	$42,446	$21,223	$21,223	$0	
TOT AL DEBT SERVICE	$212,446	$106,223	$106,223	$0	
					
TOT AL EXPENSES	$1,411,632	$702,833	$802,856	($100,023}	
CHANGE IN NET POSITION	$222,868	 	$114 417		$78,779	($35,637)	
NET POSITION - Beginning	$0		$4,554,906		
NET POSITION - Ending	$222,868		$4,633,685		

RESERVE
COMMUNITY DEVELOPMENT DISTRICT

Bond Issue:

Series 2013 Utility Revenue Refunding Bonds
$2,735,000

Interest Rate: Maturity Date:
Reserve Fund Requirement:

Bonds outstanding - 9/30/13 Less:	10/1/13
10/1/14
4/1/15
10/1/15
6/23/16
10/1/16
4/12/17
10/1/17
5/1/18
10/1/18
10/1/19
Current Bonds Outstanding:

2.500%
October 1, 2028 Lesser of:
Max Annual Debt Service for Bonds Outstanding ( 1 )
125% of Average Debt Service for Bonds Outstanding
10% of Original proceeds

$2,735,000 ($50,000)
($150,000) ($20,000) ($150,000) ($20,000) ($155,000) ($20,000) ($155,000) ($20,000) ($160,000) ($165,000)
$1,670,000

(1)

Amount reduced by 10% per year commencing October 1, 2014, not to be reduced to less than 50% of the Maximum Annual Debt Service Requirement 01$110,081.60

RESERVE
COMMUNITY DEVELOPMENT DISTRICT WATER/SEWER FUND
Month-to-Month
For the  Year Ending September 30, 2020

ADOPTED BUDGET

FME Oc:1-19

FME
Nov-19

FME
Dec-19

FME
Jan-20

FME
Feb-20

FME
Mar-20

FME A r-20

FME Ma -20

FME
Jun-20

FME
Jul-20

FME
Au  -20

FME
Se -20

TOTAL

REVENUES:
Waler Revenue Sewer Revenue Misc. Income lntemsl Income
Rental Income
Connection/Meler Fees

$620,000
$795,000
$8,500
$5,000
$6,000
$0

$68,241
$65,173
$8,428
$1,914
$500
$1,400

$76,481
$73,669
$680
$1,925
$500
$497

$71,269
$69,054
$359
$1,862
$800
$0

$66,241
$65,687

$1,868
$500
$55

$71,905
$70,376
$961
$1,798
$700
$0

$74,855
$72,039
$0
$1,629
$500
$9,937

$0	$0	$0	$0
$0	so	$0	$0
$0	$0	$0	$0
$0	$0	so	$0
$0	$0	$0	$0
$0	$0	so	$0

$0	$0
$0	$0
$0	$0
$0	$0
so	$0
$0	$0

$429,011
$415,996
$10,220
$11,017
$3,500
$11,889

TOTAL REVENUES

$1 634 500	$145,656	$153,753	S1431384	$134,143	$145,740	$158,960	$0	$0	$0	$0	$0	$881,636 J

EXPENDITURES:
Administrative: Supervisors Fees FICA Taxes Engineering A!lomeys Fees Annual Audit Trustee Fees Managemen1 Fees Compu!er TIme Telephone Postage
Printing & Binding
Rentals& Leases Insurance
Legal Advertising Bank Charges WobsiteAdmin Office Supplies Duns, LILBIISBS

$10,000
$765
$15,000
$5,000
$6,975
$3,502
$42,000
$1,500
$150
$1,500
$1,200
$1,200
$34,025
$2,000
$4,500
$1,000
$500
$175

$1,000
$77
$0
$106
$0
$0
$3,500
$125
$0
$173
$70
$100
$2,658
$0
$360
$83
$22
$175

$0
$0
$0
$169
$0
$0
$3,500
$125
$0
$23
$74
$100
$2,658

$410
$83
S18
$0

$1,000
$77
so
$83
$0
$0
$3,500
$125
$0
$308
$44
$100
$2,658
$0
$368
$83
$0
$0

$1,000
$77
$0
$189
$0
$0
$3,500
$125
$0
$92
$25
$100
$2,658

$398
$83
$18
$0

$1,000
$77
so
$0
$0
$0
$3,500
$125
$0
$172
$58
$100
$2.658
$0
$441
S83
$18
$0

$1,000	$0
S77	$0
$0	$0
$672	$0
$0	so
$0	so
$3,500	so
$125	$0
$0	$0
$285	so
$55	$0
$100	$0
$2,658	so
$0	so
$444	$0
$83	$0
$18	$0
$0	$0

$0	$0	$0
so	$0	$0
$0	$0	$0
$0	so	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	so
so	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	so	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

$0	$0
$0	$0
$0	$0
$0	$0
$0	so
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
so	$0
$0	$0
$0	$0
$0	$0

$5,000
$383
$0
$1,219
$0
$0
$21,000
$750
$0
$1,053
$326
$600
$15,945

$2,422
$500
$92
$175

TOTAL ADMINISTRATIVE

$130 992	$8,448	$6,911	$8,346	$8,103	$8 231	$9 015	$0	$0	$0	$0	$0	$0	$4 ,054 )

[:[ant and Field Operations:
Eial<uies FJCA
Workers Comp Insurance Health Insurance Consulting Services Telephone
Answenng SeivicEl
Postage
Electric
Bulk Water/Sewer Purchase Repairs & Maintenance Condo Expenses
Office Supplies Operating Supplies Chemicals
Filter Media
Dues& Licenses

$168,827
$12,915
$7,502
$4,500
$97,650
$9,500
$1,500
$18,000
$42,000
$563,000
$35,000
$6,100
$4,000
$40,000
$28,000
$5,000
$4 500

$14,589
$1,116
$5,919
$334
$7,217
$769
$125
$1,531
$3,163
$44,149
$1,245
$588
$179
$1,109
$2,425
$0

$11,764
$900
$0
$334
$7,288
$945
$125
$1,524
$3,631
$51,693
$1,643
$448
$0
$4,542
$1,980
$0

$17,461
$1,336
$0
$334
$10,180
$1,238
$125
$1,525
$3,337
$50,961
$4,258
$412
$604
$1,560
$5,235
$0
$0

$11,764
$900
$0
$334
$7,501
$554
$250
$1,527
$3,350
$56,279
$1,426
$526

$7,923
$1,371
$0
$0

$11,764
$900
$0
$334
$7,546
$859
$125
$1,526
$3,302
$55,568
$750
$465
$11"1
$2,087
$3,255
$0
$0

$14,551
$1,113
$0
$334
$7,548
$1,255
$125
$1,670
$3,253
$49,907
$1,092
$435
$325
$2,570
$2,816
$0
$0

$0	so
$0	$0
$0	$0
$0	$0
$0	so
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0

$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	0

$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	$0
$0	so
$0	$0
$0	$0
$0	$0
so	$0
$0	$0

$81,892
$6,265
$5,919
$2,002
$47,283
$5,620
$875
$9,503
$20,035
$308,556
$10,414
$2,875
$1,062
$19,791
$17,083
$0
$0

TOTAL FIELD:

1068194	$84460	$66816	98565	$93559	$86601	87 194	$0	$0	so	$0	$0	$0	$539196

Non-Operating Expenses

$0	$48,384	$6,297	$49,137	$0	$3,990	$0	$577	$0	$0	$0	$0	$0	$108,384	
$0	$48 384	$6,297		$0	$3,990	$0	
$577	$0	$0	$0	$0	$0	s10a,3a4 I	

Renewal & Replacement
TOTAL NON•OPERATING:

Debt Service

$170,000	$14,167	$14,167	$14,167	$14,167	$14,167	$14,167	$0	$0	$0	$0	$0	$0	$85,000	
$42,446	$3,537	$3,537	$3,537	$3,537	$3,537	$3,537	$0	$0	$0	$0	$0	$0	$21,223	
$212,446	$17 704	$17,704	$17,704	$17,704	$17,704	$0	$0	$0	$0	$0	$0	$0	$106,22.i]	
														
$1 411 632	$158,996	$117,729	$173,752	$119,365	$118,526	$96 209	$577	$0	$0	$0	$0	$0	$802 8561	
														
$222,668		$36,024		$14,778	$27,214	$62,751		$0	$0	$0	$0	$0	$78,7791	

S(ln·q:.; 2013 Principal Expense lnt1:1rest Expense

TOTAL DEBT SERVICE:

TOTAL EXPENSES:

OPERATING INCOME

I	
Water	SLWSD	
Se\..er	RCDO
Water	Sewer	
Wa!cir	TOTAL	
Sev.er	
Fcb-19	7.880	8.662	3.64	11.52	8.662	
Mar-19	9.622	9.598	3.569	13.191	9.598	
Apr-19	9.032	8.222	3.512	12.544	8.222	
May-19	7.348	7.427	3.482	10.83	7.427	
Jun-19	7.311	7.300	2.278	9.589	7.300	
Ju1-19	7.374	7.300	2.974	10.348	7.300	
Aug-19	7.455	7.300	2.063	9.518	7.300	
Sep•19	7.514	7.300	2.171	9.685	7300	
Oct·19	7.479	7.324	335	10.829	7324	
Nov-19	8.598	8.175	3.096	11.694	8.175	
Dec-19	8.643	8.482		11.643	8.482	
Jan-20	9.631	9.314	3.173	12.804	9.314	
Feb-20	9.601	9.111	2.733	12.33-4	9.111