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

April 14, 2020

Governmental Management Semces

...

Reserve
Community Development District

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

April 7, 2020

Board of Supervisors
Reserve Community Development District

Dear Board Members:

A telephone conference meeting of the Board of Supervisors of the Reserve Community Development District will be held on April 14, 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 utilizing the following call-in information: 1-866-730-7514, Participant #2113665 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. Following is the advance agenda for the meeting:

Roll Call

Approval of the Minutes of the March 10, 2020 Meeting

PNC Account Analysis Statement

Consideration of Resolution #2020-01 Approving the Proposed Fiscal Year 2021 Budget and Setting the Public Hearing

Discussion of General Election Procedures

Staff Reports
Attorney

Engineer

District Consultant

Manager

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

The regular meeting of the Board of Supervisors of the Reserve Community Development District was held on Tuesday, March 10, 2020 at 1:30 p.m. at 2160 NW Reserve Park Trace, Port St. Lucie, Florida.

Present and constituting a quorum were:

Gary Surber Chuck Henry Paul Miret Bill Howden Lynn Fettrow

Chairman Vice Chairman
Assistant Secretary Assistant Secretary Assistant Secretary

Also present were:

Lisa Derryberry George Morgan

District Manager Plant Operator

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
February 11, 2020 Meeting
Ms. Derryberry: The first item on the agenda for the Board is the approval of the minutes of the February 11, 2020 meeting. I'll take any corrections at this time.

On MOTION by Mr. Miret seconded by Mr. Henry with all in favor, the Minutes of the February 11, 2020 Meeting were approved.

THIRD ORDER OF BUSINESS	PNC Account Analysis
Statement
Ms. Derryberry: Behind tab No. 3, for your information only is the PNC Account Analysis statement for the month of January, and if there are any questions or concerns, I can take those at this time.
Mr. Miret: So, we moved $50,000 last month?
Mr. Henry: Yes, it's on the check run, it's a more reasonable number.
Ms. Derryberry: If there are no questions, we can move on to staff reports.

FOURTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Derryberry: There is no attorney present.

Engineer
Ms. Derryberry: No engineer present.

District Consultant
Ms. Derryberry: George, do you have anything to report to the Board under District consultant?
Mr. Morgan: Yes, I met with the construction crew this morning for Sabal Creek, and on Thursday afternoon all the pipe should be in the ground, obviously there's a lot of extra work to do the size, put meters in, and get the sign off from DEP, the as-built drawings and so forth, but they've done well. So, the folks that are putting in the underground pipe are actually subs from Y-Com so they'll be off the property most likely by Thursday afternoon, so that's going well. Also, 3 weeks ago we had an inspection from the DEP, and they did say there's some deficiencies of painting, and those such things and needs a little welding done. I'm in the process now of getting some bids for painting and patching up some of the holes. Also, the 100,000 gallon storage tank would cost, and we discussed this several years ago, and we kind of just let it slide, well I kind of let it slide I should say, but it's like $135,000. So, I talked to Bob and he recommended we just dissemble it and cart it off, and I think we'll be ok with just a half million gallon storage.

Mr. Surber: Now, is that the one you need to work on, you said holes and some welding?
Mr. Morgan: No, this is the one we call it clarifiers, where you mix the lime and other chemicals for treatment.
Mr. Surber: Ok.
Mr. Morgan: The welder came in yesterday and we had to put a whole new ribbon on the top and then patch the holes.
Mr. Howden: How many gallons did you say?
Mr. Morgan: Right now we have 600,000 gallons of storage, the steel tank was the one that was brought here back in 1985, reassembled if I'm not mistaken it was 1985, and so that one has a lot of corrosion in it. As I mentioned DEP is not affecting water quality yet.
Mr. Howden: Well I'm worried about you're cutting the amount of storage in half, is that what you said?
Mr. Morgan: No, right now it's 600,000, and it will be moved to 100,000, so the half million gallon tank will just be going up and down further, plus the fact, we have the 12" main that we could actually open up from St. Lucie West to fill that large of a tank faster, right now it's a 4" that we're filling it with. A 4" pipe could probably do about 400 gallons a minute, so if you do the math, it's 1,440 minutes in a day, times 400, so we should be fine, we don't even have that open all the way right now.
Mr. Surber: And that tank is fine?
Mr. Morgan: Yes, and every 5 years, we have to do an inspection by law, and it was December, 2018 I believe we had everything inspected. So, just going forward, I have to have the letter back to DEP, well Bob does, I'll be writing it for him, but by April 1st, so moving forward once I get my prices, can I start getting the work done, or do you want me to come back here and discuss it some more, and I don't know what the DEP is going to say.
Mr. Henry: Is the time to empty now?
Mr. Morgan: No sir, we're still using it. What I'm going to try to do is for the short term, there's two or three companies that can actually cut in a blind flange because of the two types-connected, and I showed it to DEP, and he said he'd give us more time to

cut up and dissemble the 100,000 gallon tank. In fact, the welder that came in yesterday, I told him to give me a price on that also.
Mr. Miret: What do you think we're talking about price-wise?
Mr. Morgan: It's really hard to say, I hate to put out a number publicly and then I'm way off, but I'm guessing for the welding and the painting and all of that, somewhere under $15,000.
Mr. Henry: That's to repair it.
Mr. Morgan: Repair and the painting, but I could be way off. Mr. Henry: The one we're talking about getting rid of.
Mr. Morgan: The one we're getting rid of, that's $135,000.
Mr. Henry: Ok, and then there's $12,000 to $15,000 of repairs on the 600,000 gallon?
Mr. Morgan: No, the 500,000 gallon tank. Mr. Henry: Ok, 500,000.
Mr. Morgan: I'm sorry, I'm probably speaking too fast like I always do, this will be for the painting of the pipes and to patch.
Mr. Surber: The treatment thing that you talked about, that they wanted you to do the welding and painting.
Mr. Morgan: Yes sir. Mr. Surber: Ok.
Mr. Morgan: And I'm going to try to get 3 bids if I can, I'm up to two so for.
Mr. Surber: Ok, so now on Paul's question, you're saying that's $135,000 to get rid of the big tank?
Mr. Morgan: No, $135,000 if we did the repairs, and that was 5 years ago, so it would be $170,000 now in repairs.
Mr. Surber: Ok.
Mr. Morgan: I'll have a number on cutting it up  and putting  it in the  dumpster,  those are the guys that would actually cut it into  smaller  pieces  to put it in  a dumpster and haul it off, I'll have a number on that here, but that  doesn't  have to be done  right  away as long as we put in the blind flange.
Mr. Surber: The Sanford & Son, I mean could some Leeward people buy it?

Mr. Morgan: That's a good point, yes, by the scrap.
Mr. Surber: I don't know, you might get something for it, it's steel?
Mr. Morgan: Yes, it's a steel tank. I believe that's all I have for right now.
Mr. Henry: So, we have the two tanks, and right now that are not differentiated at all, they're connected, they're all one tank basically.
Mr. Morgan: Yes, and both the same height, 24'. I believe we'll have to get the engineer involved because when you take anything out of service in a water treatment plant it has to be certified by an engineer, but I don't see that being a big cost, and I'll notify Bob Watson on that and see how much that's going to be, but there again that tank could probably sit there for another 5 years as long as it's not connected to the other tank, it's not going to fall over in the meantime.
Mr. Miret: I'm just satisfied that he's getting bids.
Mr. Morgan: Right, and it looks a little bit crazier than I thought then, as long as I answer to the DEP, and I say ok I have this contract, and this contract, and I told the folks that have come so far, you don't have to do the work before April 1st, I just need something in writing saying how much it's going to cost, so I can submit it to DEP.
Mr. Miret: Ok.
Mr. Fettrow: Back to Sabal Creek, what's coming down Reserve Blvd. what are they going to do there? Are they connecting in to it?
Mr. Morgan: Yes, they're going to be connecting that spot there, in fact they did the tap yesterday, it's going to be a 12" main, and they put an 8" connection yesterday and they'll be running it down towards the guardhouse.
Mr. Fettrow: So, it's going away from it, and they're going to go towards the guardhouse.
Mr. Morgan: Yes, from the west, it will be connected on both ends, and they already made the connection on the east end.
Mr. Fettrow: Ok.
Mr. Morgan: In fact, yesterday, they didn't realize there was a 2" line there, so they inadvertently broke it, so the guardhouse didn't have any water for a couple of hours.

Mr. Miret: I'm a little bit ahead of myself but I noticed on the check run we had to pay for two hydrants?
Mr. Morgan: Yes, one of them we get reimbursed on, I think I made notes about that. I can't remember the exact date now, but somebody ran into a hydrant over by the Golf Villas, and the City of Port St. Lucie, well Brad Maysec, actually he used to work for me, he called me and said, we have your hydrant, and for some reason we didn't get the call, they did, so they picked up the hydrant and brought it back. Then lo and behold, last week I think, Tina got a call and there was actually a police report on it, nobody even knew there was a police report, so she had to submit the information for that bill and so forth, and Rick's time, so we'll get reimbursed on that.
Mr. Miret: Well, I thought those were for Sabal Creek. Mr. Morgan: No, that's a hydrant that got ran over.
Mr. Miret: Ok.
Mr. Morgan: And the other one was for this little subdivision right back here, I forgot the name of it, but there's two hydrants that were basically put in, they were too low, and the fire department came in and said we need to raise them both, so we went ahead and did that to raise them both up. Next month I need four new tires, and I got 4 bids for that.
Mr. Henry: So, do you need anything from us in terms of this April 1st date?
Mr. Morgan: No sir, I'll just put the letter together for Bob, the report went to him and he copied me on it.
Mr. Surber: Then at your leisure you can see if we want to take it down, or you have to take it down at some point, right?
Mr. Morgan: Oh yes, and we have to let the DEP know, I'm going to be putting a blind flange in there.
Mr. Surber: Ok, and then take it down.
Mr. Morgan: Right, and I don't know how tight they're going to be on dates, but I'm going to guess they don't want to be waiting 5 years, quite frankly we were stalling as long as we possibly could. They had a young gentleman, a new inspector, and he's overzealous, nice guy though. That's all I have.

Manager
Ms. Derryberry: Under manager, the next meeting that was advertised is April 14th of this year and typically this Board has proposed it's budget in April. I'll work with Bob, our office will work with Bob to propose the budget, and then I've looked back in history and then generally it is adopted in June or July and just for everybody's information budgets need to be proposed by June 15th, adopted by September 15th, and there has to be a 60 window from proposal to adoption, so that's why this Board has typically proposed in April, and adopted in July.
Mr. Henry: But there was one or two times when April and June because of the calendar it worked out to be less than 60 days, so we had to move it to July.
Ms. Derryberry: Correct, and let me look at this year, well the next meeting is April 14th, and then right, the June meeting wouldn't do it, June 9th is the already previously advertised meeting, so July 14th would do it.
Mr. Henry: In fact, I think we moved the June meeting, because then we have to talk about who's going to be here in July.
Ms. Derryberry:  Exactly. Mr. Henry: Which is not me.
Mr. Surber: You're not going to be back here, and Paul won't, so it's going to be the three of us.
Mr. Miret: And you need how many, three? Ms. Derryberry: Yes, three for a quorum.
Mr. Howden: And you're thinking what, July?
Ms. Derryberry: July 14th is the already advertised meeting, but it doesn't mean that we can't advertise another meeting in June.
Mr. Howden: No, but the 14th I don't think I'll have a problem with that. Ms. Derryberry: Ok.
Mr. Surber: I'll check my calendar. You'll be back from Hawaii by then right? Mr. Fettrow: Yes, but next month I will not be.
Ms. Derryberry: Ok.

FIFTH ORDER OF BUSINESS	Financial Reports
Approval of Check Run Summary
Balance Sheet and Income Statement
Ms. Derryberry: So, moving on to tab No. 5 the financial reports, under tab A is the approval of the check run summary, and what I wanted to bring back to the Board, there was a question last month about a reimbursement to an individual for $630 which seemed to be excessive. Actually, from the notes we have in our file and to support this reimbursement it was someone who wrote a check for a resident, they wrote a check for
$700, instead of $70, so $630 was reimbursed.
Mr. Miret: Ok.
Ms. Derryberry: And I'll take any other questions on the check run summary. Mr. Surber: I just have one on page 2, that Water Werks on the radio read? Mr. Morgan: Right, we set all our new meters for Sabal Creek.
Mr. Surber: Ok. How many do you know?

Mr. Morgan: I believe those were, we didn't buy as many 1" as we did ¾" so I believe those were the first batch, the 1" because we're finding out, and I guess I should mention that too, I don't know how that rumor started, but the county said they never said they had to have all 1" meters, which I disputed that in the first place because if you have two people living in a house, I don't care if you live in a 2,000 square foot house, or 20,000 square foot house, you only use so much water at a time. So, it looks like we may, not even have half the people over there using 1" meters, a few have already come in and paid their fees, because one gentleman that came in today, he wanted his meter today, and since I get DEP approval I can't do that I'd get in trouble.
Mr. Surber: Now how much is a reader connection?
Mr. Morgan:  I believe  it's $275 for¾" and then  $410 I believe  for the 1", because  if you go with the 1" you're going to have a lot higher base facility charge  which  is good  for the budget.
Mr. Surber: Ok.
Mr. Miret: Did we change the company who does sends out the bills? Mr. Henry: I think they changed their name, because it's the same price.
Ms. Derryberry: Yes, that was discussed at the last meeting, or a meeting before the last meeting.

Mr. Surber: Yes, it was just a name change. Ms. Derryberry: Right, just a name change. Mr. Miret: Oh, ok.
Ms. Derryberry: Again, I related it to my life in banking, it was like Southeast Bank turning into First Union, the same company, they just wanted to update their information on file, but everything is the same, the cost and they're honoring the prior agreement.
Mr. Henry: I talked to Tina after the meeting last time about what would be involved if we were to offer people the ability to stop their receiving bills in the mail and just get them online, and she said it would be doable, they would just send out an email to everybody who chose to stop their bills saying ok, your bill is now available for reviewing on the website. I guess we then include in this generic email payment instructions, etc. but I don't know if it's worth considering, I'd want to talk to her some more, I mean this works out to about $0.69 a customer per month, so basically it cost just a little more, and if only a couple of hundred do it, I don't know if it's worth going to the problem of trying to stop the papers.
Mr. Morgan: Diane could do an email blast too.
Mr. Henry: Yes, that's what it would be, it would be an email blast to the  people who chose not to receive their paper bills. I can see people saying, well I didn't get that, and it might be cleaner just to say everybody's getting it in the mail, because you don't want people saying, I don't  remember  seeing  an email,  or my email got kicked back and I didn't know I had a bill. Big companies deal with  that  all the time,  you  know  that  they're emailing people, but I didn't follow  up on my question  with Tina, it is doable  but the question is, at this point I don't see it, I mean until we get a lot of people asking me, why do I keep getting bills in the mail because it's the only one I ever get.
Mr. Fettrow: What about if we did both, I mean just start doing the email blast on the bills and then send out the papers, I mean sending out an email doesn't cost anything does it?
Mr. Henry: Right, and then give people the option to cut off the paper.
Mr. Fettrow: Yes, or just continue it for a while until you get a feeling that everybody's more comfortable with the email.

Mr. Henry:  Well, the email blast  isn't going to say, and  a lot of the emails  that I  get with a bill says, this is your amount, so this isn't going to say that, this is just going to say go to the website and get your amount. So, there's still steps that the person has to take and again, if they don't have a computer or are not literate they just get their paper  bill, but it's something to think about, I'd want to see  a  little more about  the bill,  how  much of that is, you know the $1,500 we pay each month,  how  much  of that is fixed  costs and how much  is variable,  maybe we're just basically  paying for a stamp,  that's  the only variable I don't know. So, it's something to think about for the future, but I don't think it's going to immediately be something worth doing. It would  be nice if the website had the ability to accept payments, then it would be a different thing, you'd go on, hit a button and you pay.
Mr. Howden: Well, I just did mine, I have her debit my bank account. Mr. Henry: Yes.
Mr. Miret: I have a couple of questions, I know way back I was questioning the
AT&T bill, and I was told that they're the only ones who service here, but then I notice Comcast, we have a Comcast bill, do you think we would be able to possibly get our telephone and internet through Comcast and save some money.
Mr. Morgan: I think we do have it here, but the other bill is for the plant, for the automatic dialer and the phone from over there, the AT&T, I figure that should all be under one umbrella.
Mr. Miret: I'm just thinking that, I know AT&T is probably the most expensive way to go, why can't we get Comcast there?
Mr. Morgan: Yes, I'll have Tina check into that. Ms. Derryberry: Ok.
Mr. Miret: Ok, and then the other question I have, on page 2, Vero Chemical, 50 lbs. of lime for $660 and then on page 3 it was $1,680 for 50 lbs. of lime.
Mr. Morgan: They might have just put that down, we probably got chlorine silt, but I don't know for sure, but probably chlorine silt was delivered at the same time and whoever put this in down in the main office, they didn't put down the other items. We usually go through a pallet of lime about every 2 weeks, then of course gas chlorine is about 1 a week, so that's probably what that is.

Mr. Miret: Ok. That's all I have.
Ms. Derryberry:	Ok, alright, is there a motion to approve the check run summary?

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

Ms. Derryberry: Behind tab B is the balance sheet and income statement, and we did send everyone a second correct agenda which had the correction on page 2, and just to explain the correction, there was posted to miscellaneous income/penalties originally $9,461 and to interest income $4,361, and Chuck called this to our attention.
Mr. Henry: Yes, those aren't the right numbers. Ms. Derryberry: No, it was then adjusted.
Mr. Henry: Well, I'm saying it's not $4,300, it's $1,300, or $300, I don't know what you're looking at, but maybe you're looking at totals or something, but I'm looking at the monthly.
Ms. Derryberry: Right, for the period ending January 31st, so the correction was made between miscellaneous income and penalties, and interest income, the earned interest income was higher, miscellaneous income was lower, but the bottom line of the October revenues was still $31,622.
Mr. Henry: Right, and this is the same problem that we had last time and at the last meeting when I first brought it up was in February, and January had already been closed, so that's why it's still showed up in January as needing a correction.
Ms. Derryberry: So, we will be sure your treasurer, Patti, will be sure to make sure this doesn't happen again, so thank you Chuck for calling it to our attention.
Mr. Henry: Yes, well again, I think January had already happened when we pointed it out at the last meeting, so that's why I think it's probably fixed by now.
Ms. Derryberry: Right, so again, we'll take any other questions or concerns that you all may have that weren't raised when the agenda packages were sent out, and I have the correct pages for everyone if they need that.

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

SIXTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Ms. Derryberry: There's no audience present today, but I'll take any Supervisors request at this time.
Mr. Howden: I just have one, do you guys ever get questions from any of your fellow neighbors about the water quality?
Mr. Surber: About the water quality reports? Mr. Howden: Yes.
Mr. Surber: Sometimes.

SEVENTH ORDER OF BUSINESS	Adjournment
Ms. Derryberry:	If there are no further questions or concerns, a motion to adjourn would be in order.

On MOTION by Mr. Henry seconded by Mr. Howden 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

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

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

CLIENT NAME & ADDRESS

02/01/2020 to 02/29/2020

ANALYSIS PERIOD

ACCOUNT ANALYSIS STATEMENT

Paga 1 of 6

0.PNC

ACCOUNT INFORMATION	

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

MARCH 12, 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 STATEMENf 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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RESERVE COMMUNITY DEVELOPMENT 5385 N NOB HILL RD
SUNRISE FL 33351-4761

CLIENT NAME & ADDRESS

MARCH 12, 2020

STATEMENT DATE

0210112020 to 02/29/2020

ANALYSIS PERIOD

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	158,911.32	EARNINGS ALLOWANCE (0.200 %)	24.60	
		TOTAL ANALYZED CHARGES	458.36	
LESS: DEPOSIT FLOAT	3,655.41	EXCESS/(DEFICIT) FEES	433.76-	
	
	TOTAL AMOUNT DUE	433.76	
AVERAGE COLLECTED BALANCE	155,255.91		(DEBIT)	
LESS: RESERVES( 0.00%)	0.00			
INVESTABLE BALANCE	

155,255.91			
COLLECTED BALANCE REQUIRED	2,892,407.44			
EXCESS/(DEFICIT) BALANCE	2,737,151.53-			

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

$6310.34 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	GULLl::CIED
BALANCE REQUIRED	
DEMAND DEPOSIT RELATED SERVICES	
01   00  00
00   02  30
10   02  00
15   01  00
10   04  00
10   04  02

01   02  00
10   99  99
10   02  99

10   00  15

25   05  05
25   01  02
25   02  00
25.  02  01		
20.0000
0.0125
0.7500
0.2000
15.0000
5.0000

0.6500
75.0000
0.1050

0.0120

3.0000
0.3500
0.1500
0.1500			
ACCOUNT MAINTENANCE		1		20.00	126,206.80	
ACCOUNT BALANCE FEE		1,589		19.86	125,323.35	
REGULAR DEPOSIT TICKET		2		1.50	9,465.51	
PAID ITEMS		75		15.00	94,655.10	
RETURNS		1		15.00	94,655.10	
RECLEARS		1		5.00	31,551.70	
				$76.36	$481,857.56	
REMOTE DEPOSIT RELATED SERVICES						
REMOTE DEPOSIT CAPTURE-TICKETS		30		19.50	123,051.63	
DEPOSIT NOW MULTl-FEED SCANNER		1		75.00	473,275.50	
BUSINESS REMOTE DEP CAPTURE ITEM		918		96.39	608,253.67	
				$190.89	$1,204,580.80	
MISCELLANEOUS BRANCH SERVICES						
CASH VERIFICATION OTC-10.00 UNITS		34		0.41	2,587.24	
				$0.41	$2,587.24	
AUTOMATED CLEARINGHOUSE SERVICES						
PINACLE ACH FILE PROCESSED		7		21.00	132,517.14	
PINACLE ACH DEBIT/CREDIT ORIGINATED		417		145.95	920,994.12	
DEBITS RECEIVED		6		0.90	5,679.31	
CREDITS RECEIVED		19				
				$170.70	$1,077,175.04	

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02101/2020 to 02/29/2020

ANALYSIS PERIOD

ACCOUNT ANALYSIS STATEMENT

Page 3 of 6	®PNC

ACCOUNT INFORMATION	
ACCOUNT	)()()()()()(0034	SUMMARY	
CUSTOMER	BUSINESS BANKING	
SERVICE:	CUSTOMER SERVICE	
TELEPHONE:	1-877-BUS-BNKG OpUon #4	
BILLING CYCLE	MONTHLY	

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

CLIENT NAME & ADDRESS

MARCH 12, 2020

STATEMENT DATE

SERVICE DESCRIPTION	AFP CODE	VOLUME	UNIT PRICE	TOTAL PRICE	COLLECI ED
BALANCE REQUIRED	
NFORMATION SERVICES	
40   99  99

99   99  99	
1

1	
20.0000

2.0000			
PINACLE MODULE FEES				20.00	126,206.80	
				$20.00	$126,206.80	
MISCELLANEOUS						
PRINTED ANALYSIS STATEMENT FEE				2.00	WAIVED	
				$2.00	$0.00	
TOTAL ANALYZED CHARGES :				$458.36	$2,892,407.44	
TOTAL CHARGES THIS CYCLE :				$460.36	$2,892,407.44	
TOTAL WAIVED CHARGES:				$2.00	WAIVED	

SUMMARY OF ACCOUNT SERVICES

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CAA-CAA1P801 031785 004512	001   XXXXXX0034	1-8	DOM

Page4 of6

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RESERVE COMMUNIT

CLIENT NAME & ADDRESS

MARCH 12, 2020

STATEMENT DATE

02101/2020 to 02/29/2020

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	158,911.32	EARNINGS ALLOWANCE(0.200 %}	24.60	
		TOTAL ANALYZED CHARGES	458.36	
LESS: DEPOSIT FLOAT	3,655.41	EXCESS/(DEFICIT} FEES	433.76-	
	
	(TRANSFERRED TOXXXXXX0034}	
AVERAGE COLLECTED BALANCE	155,255.91		
LESS: RESERVES( 0.00%}	0.00		
INVESTABLE BALANCE	

155,255.91		
COLLECTED BALANCE REQUIRED	2,892,407.44		
EXCESS/(DEFICIT} BALANCE	2,737,151.53-		

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

$6310.34 IN COLLECTED BALANCE WILL PAY FOR $1.00 IN SERVICES, BASED UPON THIS MONTH'S TIERED EARNINGS CREDIT RATE.

SUMMARY OF ACCOUNT SERVICES

SERVICE DESCRIPTION	
AFP CODE	
VOLUME	
UNIT PRICE	
TOTAL PRICE	COLLECTED
BALANCE REQUIRED	
DEMAND DEPOSIT RELATED SERVICES						
ACCOUNT MAINTENANCE	01	00	00	1	20.0000	20.00	126,206.80	
ACCOUNT BALANCE FEE	00	02	30	1,589	0.0125	19.86	125,323.35	
REGULAR DEPOSIT TICKET	10	02	00	2	0.7500	1.50	9,465.51	
PAID ITEMS	15	01	00	75	0.2000	15.00	94,655.10	
RETURNS	10	04	00	1	15.0000	15.00	94,655.10	
RECLEARS	10	04	02	1	5.0000	5.00	31,551.70	
								
				$76.36	$481,857.56	
REMOTE DEPOSIT RELATED SERVICES						
REMOTE DEPOSIT CAPTURE-TICKETS	01	02	00	30	0.6500	19.50	123,051.63	
DEPOSIT NOW MULTl-FEED SCANNER	10	99	99	1	75.0000	75.00	473,275.50	
BUSINESS REMOTE DEP CAPTURE ITEM	10	02	99	918	0.1050	96.39	608,253.67	
								
				$190.89	$1,204,580.80	
MISCELLANEOUS BRANCH SERVICES						
CASH VERIFICATION OTC-10.00 UNITS	10	00	15	34	0.0120	0.41	2,587.24	
				$0.41	$2,587.24	
AUTOMATED CLEARINGHOUSE SERVICES						
PINACLE ACH FILE PROCESSED	25	05	05	7	3.0000	21.00	132,517.14	
PINACLE ACH DEBIT/CREDIT ORIGINATED	25	01	02	417	0.3500	145.95	920,994.12	
DEBITS RECEIVED	25	02	00	6	0.1500	0.90	5,679.31	
CREDITS RECEIVED	25	02	01	19	0.1500	2.85	17,984.47	
				$170.70	$1,077,175.04	
NFORMATION SERVICES						
PINACLE MODULE FEES	40	99	99	1	20.0000	20.00	126,206.80	

CAA-CAA1P801 031786  004512	001   XXXXXX0034	1-8	DOM

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02/01/2020 to 02/29/2020

ANALYSIS PERIOD

ACCOUNT ANALYSIS STATEMENT

Paga 5 of 6

C

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

MARCH 12, 2020

STATEMENT DATE

SUMMARY OF ACCOUNT SERVICES

SERVICE DESCRIPTION	
AFPCODE	
VOLUME	
UNIT PRICE	
TOTAL PRICE	COLLt:G I ED
BALANCE REQUIRED	

99 99 99			$20.00	$126,206.80	
MISCELLANEOUS
PRINTED ANALVSIS STATEMENT FEE		
1	
2.0000	
2.00	
WAIVED	
				$2.00	$0.00	
TOTAL ANALVZED CHARGES :				$458.36	$2,892,407.44	
TOTAL CHARGES THIS CYCLE :				$460.36	$2,892,407.44	
TOTAL WAIVED CHARGES:				$2.00	WAIVED	

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

CLIENT NAME & ADDRESS

02/01/2020 to 02/29/2020

ANALYSIS PERIOD

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	

MARCH 12, 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	

UANUARY i:cEBRUARY	
153,084.80
158,911.32	
150,699.57
155,255.91	
.200000
.200000	
466.82
458.36	
2,755,745.83
2,892,407.44	
2,605,046.26-
2,737,151.53-	
441.29-
433.76-	
PTRTOTAL	155,998.06	152,977.74		925.18	2,824,076.64	2,671,098.90-	875.05-	

nDTOTAL	

155,998.06	

152,977.74	

.200000	

925.18	

2,824,076.64	

2,671,098.90-	

875.05-	

RESOLUTION 2020-01
A RESOLUTION OF THE RESERVE COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT'S PROPOSED BUDGET FOR FISCAL YEAR 2021 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW
WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year 2021; and
WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.00S(b), Florida Statutes: and
WHEREAS, the Board of Supervisors desires to set the public hearing date;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD  OF SUPERVISORS OF THE RESERVE COMMUNITY DEVELOPMENT DISTRICT:

The proposed budget for Fiscal Year 2021 is hereby approved for the purpose of conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following  date, hour and place:

Date:		 Hour:		 Place:	2160 NW Reserve Park Trace
        Port St. Lucie, Florida 34986-3223  

Notice of public hearing shall be published in accordance with Florida Law.

Adopted this 		day of --- 2020

ChairrnanNice Chairman

Secretary/Assistant Secretary

Proposed Budget
Fiscal Year 2021

Reserve Community Development District

April 14, 2020

	FY2020
Adopted	Actual thru	Projected
Next	Total
Projected at	FY2021
Proposed	
Description	Budget	2/29/20	7 Months	9/30/20	Budget	

REVENUES:						
Water Revenue	$820,000	$354,157	$495,819	$849,976	$820,000	
Sewer Revenue	$795,000	$343,959	$481,542	$825,501	$795,000	
Misc. Income	$8,500	$11,692	$16,369	$28,061	$8,500	
Interest Income	$5,000	$9,388	$13,143	$22,531	$5,000	
Rental Income	$6,000	$3,000	$4,200	$7,200	$6,000	
Connection Fees	$0	$0	$0	$0	$0	
TOTAL REVENUES	$1,634,500	$722,195	$1,011,073	$1,733,269	$1,634,500	

EXPENSES:						
Administrative: 
Supervisors Fees	
$10,000	
$4,000	
$5,600	
$9,600	
$10,000	
FICA Expense	$765	$306	$428	$734	$765	
Engineering	$15,000	$0	$0	$0	$15,000	
Attorneys Fees	$5,000	$547	$765	$1,312	$5,000	
Annual Audit	$6,975	$0	$6,975	$6,975	$6,975	
Trustee Fees	$3,502	$0	$3,853	$3,853	$4,000	
Management Fees	$42,000	$17,500	$24,500	$42,000	$42,000	
Computer Time	$1,500	$625	$875	$1,500	$1,500	
Telephone	$150	$0	$50	$50	$150	
Postage	$1,500	$768	$1,076	$1,844	$1,500	
Printing & Binding	$1,200	$271	$379	$650	$1,200	
Rentals & Leases	$1,200	$500	$700	$1,200	$1,200	
Insurance	$34,025	$13,288	$18,603	$31,890	$40,908	
Legal Advertising	$2,000	0)	$500	$90	$2,000	
Bank Charges	$4,500	$1,978	$2,770	$4,748	$4,500	
Website Compliance	$1,000	$417	$583	$1,000	$1,000	
Office Supplies	$500	$74	$104	$179	$500	
Dues, Licenses	$175	$175	$0	$175	$175	
TOTAL ADMINISTRATIVE	$130,992	$40,039	$67,761	$107,800	$138,373	

Plant and Field 012erations:						
Salaries/Benefits	$168,827	$67,342	$94,279	$161,621	$166,867	
FICA	$12,915	$5,152	$7,213	$12,365	$12,765	
Workers Comp Insurance	$7,502	$5,919	$0	$5,919	$6,511	
Health Insurance	$4,500	$1,669	$2,337	$4,006	$4,500	
Consulting Services	$97,850	$39,734	$55,628	$95,362	$97,850	
Telephone	$9,500	$4,365	$6,111	$10,476	$10,000	
Answering Service	$1,500	$750	$1,050	$1,800	$1,800	
Postage	$18,000	$7,633	$10,686	$18,318	$19,200	
Electric	$42,000	$16,782	$23,495	$40,278	$42,000	
Bulk Water/Sewer Purchase	$583,000	$258,650	$362,110	$620,760	$633,000	
Repairs & Maintenance	$35,000	$9,322	$13,051	$22,372	$35,000	
Condo Expenses	$6,100	$2,440	$3,416	$5,856	$6,100	
Office Supplies	$4,000	$758	$1,061	$1,819	$4,000	
Operating Supplies	$40,000	$17,221	$24,109	$41,330	$40,000	
Chemicals	$28,000	$14,267	$19,973	$34,240	$28,000	
Filter Media	$5,000	$0	$5,000	$5,000	$5,000	
Dues & Licenses	$4,500	$0	$2,500	$2,500	$4,500	
TOTAL FIELD:	
 	$1,068,194	$452,003		$632,018	 	$1,084,021 	$1,117,093	
TOTAL EXPENSES	$1,199,186	$492,042	$699,779	$1,191,820	$1,255,466	
						
OPERATING INCOME	$435,314	$230,154	$311,295	$541,448	$379,034	

Debt Service Coverage %	
205%			
255%	
182%	

	FY2020
Adopted	Actual
thru	Projected
Next	Total
Projected at	FY2021
Proposed	
Description	Budget	2/29/20	7 Months	9/30/20	Budget	

Non-Og_erating lncomel(Exg_enses)						
Trans from R&R Account	$0	$0	($108,384)	($108,384)	$0	
Renewal & Replacement	$0	$108,384	$0	$108,384	$0	
TOTAL NON-OPERATING:	$0	$108,384	($108,384)	$0	$0	

Debt Service						
Series 2013						
Principal Expense	$170,000	$70,833	$99,167	$170,000	$170,000	
Interest Expense	$42,446	$17,686	$24,760	$42,446	$38,021	
TOTAL DEBT SERVICE:	$212,446	$88,519	$123,927	$212,446	$208,021	
						
EXCESS REVENUES (EXPENSES)	$222,868	$250,018	$78,984	$329,003	$171,013	

Reserve	Series 2013, Utility Revenue Refunding Bonds
Community Development District	Amortization Schedule

PRINCIPAL
 	DATE		 BALANCE	RATE	INTEREST		 PRINCIPAL	TOTAL	

1-Apr-19	$	1,835,000	2.500%	$	23,192.36	$		
1-Oct-19	$	1,835,000	2.500%	$	23,319.79	$	165,000.00	$	211,512.15	
1-Apr-20	$	1,670,000	2.500%	$	21,222.92	$		
1-Oct-20	$	1,670,000	2.500%	$	21,222.92	$	170,000.00	$	212,445.84	
1-Apr-21	$	1,500,000	2.500%	$	18,958.33	$		
1-Oct-21	$	1,500,000	2.500%	$	19,062.50	$	170,000.00	$	208,020.83	
1-Apr-22	$	1,330,000	2.500%	$	16,809.72	$		
1-Oct-22	$	1,330,000	2.500%	$	16,902.08	$	175,000.00	$	208,711.80	
1-Apr-23	$	1,155,000	2.500%	$	14,597.92	$		
1-Oct-23	$	1,155,000	2.500%	$	14,678.13	$	180,000.00	$	209,276.05	
1-Apr-24	$	975,000	2.500%	$	12,390.63	$		
1-Oct-24	$	975,000	2.500%	$	12,390.63	$	185,000.00	$	209,781.26	
1-Apr-25	$	790,000	2.500%	$	9,984.72	$		
1-Oct-25	$	790,000	2.500%	$	10,039.58	$	190,000.00	$	210,024.30	
1-Apr-26	$	600,000	2.500%	$	7,583.33	$		
1-Oct-26	$	600,000	2.500%	$	7,625.00	$	195,000.00	$	210,208.33	
1-Apr-27	$	405,000	2.500%	$	5,118.75	$		
1-Oct-27	$	405,000	2.500%	$	5,146.88	$	200,000.00	$	210,265.63	
1-Apr-28	$	205,000	2.500%	$	2,605.21	$		
1-Oct-28	$	205,000	2.500%	$	2,605.21	$	205,000.00	$	210,210.42	

 	$	265,456.61	$ 	1,835,000.00	$	2,100,456.61 

**Revised for special call on 10/1/2018.

Fiscal Year 2021

REVENUES:

Water Revenue

The estimated amount that will be billed to users of the potable water system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year.

Wastewater Revenue

The estimated amount that will be billed to users of the wastewater system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year.

Miscellaneous Income

The District charges a 10% late penalty on delinquent monthly utility accounts up to a maximum of $2,160 per meter.

Rental Income

The District owns an office condo which will be used by other entities. A monthly rental fee will be charged for the use of the space.

Interest Income

The District invests its excess funds with the Florida State Board of Administration. Also includes interest earned on bond funds invested in Money Market account.

EXPENDITURES:

ADMINISTRATIVE:

Supervisor Fees/FICA Expense

The District anticipates 10 meetings per year with five board members in attendance and each receiving $200.00 per meeting plus payroll taxes.

Engineering Fees

The District currently has a contract with Kimley-Horn and Associates to provide engineering services. The contract includes the preparation of an engineering report, attendance of monthly board meetings, reviewing requisitions and invoices, etc.

Attorney

The District has a contract with Gonano & Harrell as legal counsel to the District. The contract includes general legal services, preparation and attendance of monthly meetings, agreement and contract review, etc.

Annual Audit

The District is required annually to conduct an audit ,of its financial records by an Independent Certified Public Accounting Firm. The District currently has a contract with Berger, Toombs, Elam, Gaines & Frank, CPAs.

Trustee Fee

The District issued Series 2013 Utility Revenue Refunding Bonds that are held by a trustee at
U.S. Bank. The fee is based upon the current contract with U.S. Bank.

Management Fees

The following services are provided to the District by a Management contract with GMS-South Florida, LLC. The services provided are further outlined in Exhibit of the contract.

Computer Time

The District processes the financial activities, i.e. accounts payable, financial statements, utility billing, etc. on a mainframe "computer leased by GMS-South Florida, LLC.

Telephone

Telephone and fax machine, amount based on prior years' cost.

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc., based on prior years cost.

Printing & Binding

Accounts Payable checks, stationery, envelopes, photocopies, etc.

Rental & Leases

The District will be charged $100.00 per month for office rent from GMS-South Florida, LLC where the District's administrative offices are located.

Insurance

Egis Insurance & Risk Advisors, who specializes in providing local governments with insurance coverage currently, holds the District's insurance policy. The District's coverage includes General Liability, Workers' Comp, Property, Plant and Automobile.

Legal Advertising

Represents cost associated with legal advertising requirements of the District for monthly meetings, public hearings, notice to bidders, etc.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Website Compliance

Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the COD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Office Supplies

Miscellaneous Office Supplies based on prior years' cost.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Economic Opportunity for
$175.00.

PLANT OPERATIONS

Personnel

The District currently has two employees to assist the District in the operations of its water and wastewater utility plant and part time help for monthly meter readings. This includes salary and
FICA taxes. The FY2021 amounts actuals:	include a 3% Cost of Living Adjustment from the FY2020	
Plant Manager	$97,170	
Operator	$58,713	
Overtime/Extra Pay/Contingencies	$10,984	

Worker's Compensation Insurance

The District's Worker's Compensation Insurance Policy is with Egis Insurance & Risk Advisors. Based on last year's amount, the projected amount for this Fiscal Year is $6,511.

Health Insurance

Represents a monthly reimbursement for Health Insurance coverage to employees.

Other Contractual

The District will contract the Lime Sludge hauling services related to the operations of the District's water and wastewater utility system.

Consulting Services

The District will contract the following services related to the operations of the District's water and Wastewater utility system, includes payroll and benefits:

Utility Billing Manager	$2,800 per pay period	$72,800	
District Consultant	$2,000 per month*12	$24,000	
Contingency		$ 1,050	

Telephone	Total	$97,850	

Telephone and fax machine, amount based on prior years' cost.

Description
Comcast	
Phone/Fax/Internet	
$260 avg/month	Amount
$3,120	
Verizon		$60 avg/month	$ 720	
G. Morgan Cell Reimb		$100 avg/month	$1,200	
T. Perkins Cell Reimb		$100 avg/month	$1,200	
Contingency			$3,260	
			$9,500	
Answering Service				

The District has contracted with B&B Answering Service to handle the off-hours calls. The rate is
$125 per month.

Postage

The District currently contracts with Southwest Direct to print and mail the monthly Utility invoices to the customers.

Electric

The District currently has the following utility accounts with Florida Power & light:

Account No.	Descrit;1tion	Monthly	Amount	
07958-53373	9710 Reserve Blvd # LS	$	15.47	$	182	
18601-58268	Plantation Lakes Dr# Lift Station 7	$	81.81	$	974	
20545-80333	9491 Brandywine Ln #LS	$	15.83	$	190	
23613-27766	2160 NW Reserve Park Trace	$2,314.00	$27,767	
23843-26761	Commerce Lakes D #LS S-3	$	12.19	$	146	
28708-21028	Club House Dr - LS	$	30.88	$	371	
38178-27003	5860 Legends Dr # LS	$	30.69	$	368	
38208-21092	9541 Legends Dr # Lift Station	$	26.28	$	315	
38258-26013	7855 Legends Dr# LS	$	50.61	$	60	
48958-26008	Legends Dr # Lift Sta S1 T-8	$	98.42	$ 1,181	
52582-41529	1916 Perfect Drive LS	$	56.31	$	676	
65271-37274	8350 Mulligan Rd # Lift	$ 104.73	$ 1,257	
72514-30166	8795 Champions Way # Lift	$	44.86	$	538	
88950-40098	0857 Links Way # Lift Station	$	56.31	$	676	
94346-01549	202 Dogleg Dr #Lift Station	$	60.11	$	721	
98516-72221	8501 NW Commerce Center Dr Lift Station	$	53.90	$	647	
	Contingency		$ 5,931	
$42,000

Bulk Water & Sewer

The District has an interconnect agreement with the St. Lucie West Services District to provide bulk potable water and bulk sewer. The District has reserved 500,000 gallons per day of water capacity and 360,000 per day of sewer. capacity. The amount budgeted includes a $724.10 monthly base charge and average usage of 260,000 GPO for water and 233,000 GPO for sewer.

Repairs & Maintenance

Represents any repairs and maintenance cost the District may incur. The amount for the Fiscal Year is based on historical costs.

Condo Expenses

This represents the costs associated with the office condo owned by the District. Expenses include Condo Fees, electric and cleaning costs.

Office Supplies

Any supplies needed for normal operations of the District Utility Billing office.

Operating Supplies

Purchase of supplies for the District. Amount based on the following items:

Description		
General Supplies	$27,500	
Oil/Gas	$ 4,500	
Misc.	$ 8,000	
Total	$40,000	

Chemicals

Represents the following chemicals necessary to the utility plant:

Description
Lime Hydrated	
$ 6,475	
Chlorine Gas	$ 3,788	
Ammonia	$ 1,550	
Calsiquest/Polymer	$ 1,187	
Contingency	.$15,000	
Total	$28,000	

Dues, Licenses

The Utility operates are required to have and keep current their Water/Wastewater Operators licenses. In addition, the District pays an Annual Drinking Water License to the Florida DEP.

NOTICE OF QUALIFYING PERIOD FOR CANDIDATES FOR THE BOARD OF SUPERVISORS OF THE RESERVE COMMUNITY DEVELOPMENT DISTRICT
NOTICE IS HEREBY GIVEN that the qualifying period for candidates for the office of Supervisor of the Reserve Community Development District ("District") will commence at noon on June 8, 2020 and close at noon on June 12, 2020. As provided in Section 99.061(8), Florida Statutes, qualifying papers may be submitted beginning May 25, 2020, to be processed and filed during the qualifying period. Candidates must qualify for  the  office  of  Supervisors  of  the District with the St. Lucie County Supervisor of Elections, at one of the following locations (the Supervisor of Elections recommends that qualifying papers filed during the June 8-12 qualifying period be submitted to the Fort Pierce office):

St. Lucie West South County Annex 250 NE Country Club Drive
Port St. Lucie, Florida 34986-2408 Telephone: (772) 871-5410

Walton Road County Adrnin. Annex 1664S.E. Walton Road
Port St. Lucie, Florida 34952 Telephone: (772) 337-5623

Orange Blossom Business Center 4132 Okeechobee Road
Fort Pierce, Florida 34947 Telephone: (772) 462-1500

All candidates shall qualify for individual seats in accordance with Section 99.061, Florida Statutes, and must also be qualified electors of the District. A qualified elector is any person at least 18 years of age who also is a citizen of the United States, a legal resident of the State of Florida and of the District, and who is registered to vote with the St. Lucie County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statues.
The District has three seats up for election, specifically seat #1, seat #2 and seat #4. Each seat carries a four-year term of office. Elections are nonpartisan and will be held at the same time as the general election on November 3, 2020, in the manner prescribed by law for general elections.
For additional information, please contact the St. Lucie County Supervisor of Elections. Dated this 1st day of May, 2020.

Rich Hans, District Manager RESERVE	COMMUNITY DISTRICT

DEVELOPMENT

Reserve
Community Development District

Summary  of Invoices
April 14, 2020

Fund	Date	Check No.s	Amount	

Water/Sewer	
3/1-3/31	
11446-11474	
$	100,145.83	

!Total Invoices for Approval	$ 100,145.83

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 03/01/2020 - 03/31/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

RUN	4/06/20	PAGE	1

DATE		DATE	
3/04/20	00687	3/04/20	

3/04/20	
00616	
3/01/20	

3/04/20	
00009	
3/02/20	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS
MAR 20	202003 320-53600-41100 MAR 20 - ANSWERING SVC

STATUS

*

AMOUNT

125.00

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

B&B TELEPHONE ANSWERING SERVICE
38330	202003 320-53600-46100
MAR 20 - MONTHLY ASSESS
COMMERCE ONE & TWO ASSOCIATION, INC
03022020 202003 320-53600-34400
MAR 20 - CONSULTING SVCS

125.00 011446
- - - - - - - - - - - - - - -
*	359.33
-  -  -  -   -    -   -    -   -   -  -  -35-9.-33-  011447
*	2,000.00

3/04/20 00486	3/01/20	
	3/01/20	
	3/01/20	
	3/01/20	
	3/01/20	
	3/01/20	
	3/01/20	
	3/01/20	

3/04/20 00022	
2/01/20	
	2/01/20	
	3/01/20	
	3/01/20	

3/04/20 00177	
2/01/20	
	3/01/20	

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

427
MAR 428
MAR 428
MAR 428
MAR 428
MAR 428
MAR 428
MAR 428
MAR

ROBERT L. FROMM ASSOCIATES
202003 320-53600-34400
20 - UTILITY BILLING 202003 310-53600-34000
20 - MANAGEMENT FEES 202003 310-53600-44000
20 - RENT
202003 310-53600-35100
20 - COMPUTER TIME
202003 310-53600-49500
20 - WEBSITE ADM
202003 310-53600-51000
20 - OFFICE SUPPLIES 202003 310-53600-42000
20 - POSTAGE
202003 310-53600-42500
20 - COPIES

2,000.00

- - - - - -

- - - - - - - - -
*	5,548.42
*	3,500.00
*	100.00
*	125.00
*	83.33
*	17.50
*	47.65
*	55.00

011448

GOVERNMENTAL MANAGEMENT SERVICES -
FEB 20 C 202002 320-53600-41000	*
FEB 20 - CELL PHONE REIMB
FEB 20 H 202002 320-53600-24000	*
FEB 20 - HEALTH INS REIMB
MAR 20 C 202003 320-53600-41000	*
MAR 20 - CELL PHONE REIMB
MAR 20 H 202003 320-53600-24000	*
MAR 20 - HEALTH INS REIMB

9,476.90 011449
- - - - - - - - - -
100.00
333.70
100.00
333.70

GEORGE A. MORGAN, SR.
FEB 20 C 202002 320-53600-41000 FEB 20 - CELL PHONE REIMB
MAR 20 C 202003 320-53600-41000 MAR 20 - CELL PHONE REIMB
CHRISTINE PERKINS

867.40 011450
- - - - - - - - - - - - - - -
*	100.00
*	100.00
200.00 011451

RESV -RESERVE-	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 03/01/2020 - 03/31/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

RUN	4/06/20	PAGE	2

DATE		DATE	
3/04/20	90000	3/04/20	

3/04/20	
90000	
3/04/20	

3/04/20	
90000	
3/04/20	

3/04/20	
90000	
3/04/20	

3/04/20	
90000	
3/04/20	

3/04/20	
00035	
3/04/20	

3/04/20	
00702	
3/04/20	

3/04/20	
00057	
3/02/20	

3/04/20	
00534	
2/20/20	

3/04/20	
00661	
3/01/20	

3/19/20	
00013	
2/26/20	

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

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

01080502 202003 300-11500-10000
001080502 MULVOY, JAMES &

*	62.41

MULVOY, JAMES & MAREE
01262802 202003 300-11500-10000
001262802 GRIFFIN, STANLE

-  -   -   -  -  -  -  -  -  -
*	67.95

62.41 011452

GRIFFIN, STANLEY & JOAN
01343601 202003 300-11500-10000
001343601 SIPTHORPE, M/M
SIPTHORPE, SUSAN
01601401 202003 300-11500-10000
001601401 BURNS, M/M GARR

011453

67.95

- - - - - - - - - - - - - - -
*	100.15

-  -  - - -	- -	--

100.15 011454
-   -	-   -	- -
*	28.17

BURNS, M/M GARRETT
01997102 202003 300-11500-10000
001997102 ASPECT COMMERCE

- - - - - - - - - -

28.17	011455	

24.47	
011456	

3,579.51	
011457	

*	24.47

ASPECT COMMERCE PARK SELF STRG
MAR 20 I 202003 300-15100-20200 MAR 20 - INTEREST

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

RESERVE CDD C/O U.S. BANK
MAR 20 - 202003 300-15100-20900 MAR 20 - PRINCIPAL
RESERVE CDD C/O U.S. BANK
BW00103	202002 320-53600-43100 FEB 20 - BULKWATER

- - - - - - - - - - - - - - -
*	14,166.67

-  -  - -  -	- - -	                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          --

- -

14,166.67 011458
- - -
*	55,567.87

ST. LUCIE WEST SERVICES DISTRICT
00050319 202002 320-53600-52000
FEB 20 - FRONTLOAD/4YD
WASTE PRO - FT PIERCE
MAR 20 R 202003 300-15100-20400 MAR 20 - R&R
RESERVE CDD - R&R ACCOUNT
FEB 20	202002 320-53600-43000 FEB 20 - ELECTRIC
2/26/20 FEB 20	202002 320-53600-46100 FEB 20 - ELECTRIC

-   -  -  -  -  -   -   -   -  -
*	59.63

*	5,542.86

*	3,301.61
*	56.11

55,567.87 011459

59.63 011460

5,542.86 011461

FLORIDA POWER & LIGHT COMPANY	3,357.72 011462

RESV -RESERVE-	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 03/01/2020 - 03/31/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

RUN	4/06/20	PAGE	3

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

STATUS

AMOUNT

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

3/20/20 00647

3/20/20 00089

3/02/20 03202020 202001 320-53600-46000
JAN 20 - MOWING
BAUTISTA & SONS LAWN MAINTENANCE
2/25/20 200419	202002 320-53600-52000
SUPPLIES

*	250.00

011463

- - -

- - - - - - - - - - - -250.00
*	74.89

-  -  -   -   -  -   -   -   -  -  -  -  -
3/20/20 00684	3/03/20

- - - - - - - - - - - - -
3/20/20 00700	2/21/20

- - - - - - - - - - - - -
3/20/20 00012	3/03/20
3/10/20

- - - - - - - - - - - - -
3/20/20 00723	2/28/20

CITY ELECTRIC SUPPLY CO.
85351149 202003 320-53600-41000
2160 NW RESERVE PARK TRCE
COMCAST
L949112	202002 320-53600-52000 METER SUPPLIES
CORE & MAIN
69454604 202003 310-53600-42000
DELIVERIES THRU 03/03/20 69516827 202003 310-53600-42000
DELIVERIES THRU 03/10/20
FEDEX
56550	202002 320-53600-42000
FEB 20 - UTIL BILL MAIL'G
INFOSEND, INC.
4066	202002 320-53600-46000
AUTO REPAIR
4066	202002 320-53600-52000

3/20/20	00601	3/02/20	
		3/02/20	

3/20/20	
00595	
1/31/20	
		2/29/20	

3/20/20	
00110	
3/12/20	

3/20/20	
00658	
2/27/20	
		3/06/20	

FUEL

74.89 011464

- - - - - - - -

- - - - - - -
*	259.65
-  -  -  -  -  -  -  -  - - -  -25-9.-65-  011465
*	408.00

- -

-

- - - - - - - - - - - - 408.00 011466
*	57.94
*	147.16

- - -

- - - - - - - - - - - - 205.10 011467
*	1,526.06

- - - -

- - - - - - - - - - - 1,526.06 011468
*	499.80
*	412.34

PNC BANK
00001860 202001 320-53600-49100
JAN 20 - TICKETS
00001871 202002 320-53600-49100
FEB 20 - TICKETS

-  -  -  -  -  -  -  -  -  -  -  -91-2.-14-
*	25.73
*	25.73

011469

SUNSHINE STATE ONE CALL
00041109 202005 310-53600-48000
NOTICE OF PERIOD FOR CAND

51.46 011470
- - - - - - - - - - - - - - -
*	152.19

TREASURE COAST NEWSPAPERS
OE-10976 202002 320-53600-51000 OFFICE SUPPLIES
OE-10979 202003 320-53600-51000 OFFICE SUPPLIES

*	75.39
*	173.03

152.19 011471

TYLANDER'S OFFICE SOLUTIONS	248.42 011472

RESV -RESERVE-	PPOWERS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 03/01/2020 - 03/31/2020 ***	RESERVE CDD - WATER/SEWER FUND
BANK A RESERVE CDD - WS

RUN	4/06/20	PAGE	4

CHECK DATE	VEND#	.....INVOICE..... ...EXPENSED TO...
DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	VENDOR	NAME	STATUS	AMOUNT	....CHECK.....
AMOUNT	#	
3/25/20	00027	3/10/20 77246412 202003 320-53600-41000
AT&T			*	440.12	
440.12 011473	
3/25/20	00012	3/17/20 69599135 202003 310-53600-42000
FEDEX			*	31. 76	
31.76 011474	

MAR 20 - INTERNET/PHONE

DELIVERIES THRU 3/17

TOTAL FOR BANK A TOTAL FOR REGISTER

100,145.83
100,145.83

RESV -RESERVE-	PPOWERS

Business Card

0,P	C	ANK

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

xxxx xxxx XXXX 4066
03/02/20
$912.14
$25.00 03/28/20

If you don't already have online access  to  account maintenance features, please call 1.-877-459-9801 and establish an Account View Program· Administrator User ID today.

Questions?
pnc.com/accountview

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

	Previous balance	$441.38	
	Payment received on 02/16/20 - thank you	$441.38	
	Purchases	$912.14	
	Credits	$0.00	
	Cash advances	$0.00	
	Late and overlimit fees	$0.00	
	Finance charges	$0.00	
	New balance	$912.14	
0	Minimum payment	$25.00	
	Due date	03/28/20	

TRANS DATE 02/16
Total

POST DATE 02/16

REFERENCE NUMBER 7443603E1SBZN9ZWR

DESCRIPTION
PAYMENT*THANK YOU	LOUISVILLE KY

AMOUNT
$441.38-
$441.38-

RICK RINOLO	Card number: XXXX XXXX XXXX 3761

02/05

5170	0004 HXH

02/05	2469216DL2XJ56E2Q

002	7     l	200302    0	PAGE l of 3

CHEVRON 0375792 PORT ST. LUCI FL

l 0 5625 0300 TD62 D115l 70CC

$40.02
(continued on next page)

108379

0.PNCBANK

Your transactions (continued}
TRANS DATE	POST DATE	REFERENCE NUMBER

02/10	02/10	2469216DT2XR0YDU

02/14	02/14	2443105DYRQED2J88

02/19	02/19	2443105E3RQED3WLE

02/22	02/22	2469216E52XF0TYLR

02/27	02/27	2469216EA2XP5P9GE

I

...	03/01	03/01	2469216ED2XVJPKQA
N

Total

Account#
Statement closing date

DESCRIPTION
MCC: 5542 MERCHANT ZIP: 34986 CHEVRON 0375792 PORT ST. LUCI FL MCC: 5542 MERCHANT ZIP: 34986
MURPHY7001ATWALMART PORT SAINT LU FL MCC: 5542 MERCHANT ZIP: 34986 MURPHY7001ATWALMART PORT SAINT LU FL MCC: 5542 MERCHANT ZIP: 34986 CHEVRON 0375792 PORT ST. LUCI FL
MCC: 5542 MERCHANT ZIP: 34986 CHEVRON 0375792 PORT ST. LUCI FL MCC: 5542 MERCHANT ZIP: 34986 CHEVRON 0375792 PORT ST. LUCI FL MCC: 5542 MERCHANT ZIP: 34986

XXXX xxxx xxxx 4066
03/02/20

AMOUNT

$37.45

$37.34

$40.16

$36.71

$36.76

$37.56

$266.00

GEORGE MORGAN	Card number: XXXX XXXX XXXX 4058

02/05	02/05	2469216DL2XB3EE8S	CHEVRON 0375792 PORT ST. LUCI FL	$37.34	
			MCC: 5542 MERCHANT ZIP: 34 86 ·		
02/13	02/13	2429910DW01TXY0G3	VERO HIGHLANDS CITGO VERO BEACH FL	$36,67	
			MCC: 5542 MERCHANT ZIP: 32962		
02/19	02/19	2404083E2S66DV8ME	MIDCOAST TIRE VERO BEACH FL
MCC: 5532 MERCHANT ZIP:	$499.80	
02/20	02/20	2469216E32Y0ZF5Y6	CHEVRON 0375792 PORT ST. LUCI FL	$35.18	
			MCC: 5542 MERCHANT ZIP: 34986		
02/25	02/25	2469216E82X6YE3R1	CHEVRON 0375792 PORT ST. LUCI FL	$37.15	
			MCC: 5542 MERCHANT ZIP: 34986		
Total				$646.14	

CORRESPONDING	DAILY	DAYS	AVERAGE
TYPE QE..
BALANCE	........  ANNUAL PERCENTAGE
RATE (APR)	PERIODIC RATE (MAY VARY)	.. IN BILLING	DAILY BALANCE	FINANCE CHARGE	
Purchases	13.740%	0.03764%	29	$0,00	$0.00	
Cash advances	20.740%	0.05682%	29	$0,00	$0.00	
					$0.00	

O	Important information - please read
TOTAL *FINANCE CHARGE*  PAID IN 2019	$11.22

..-........

=

!!!!!!!!!!

......-

-iiiiiiiii
=!!!!!!!!!!
=5

TERMS AND CONDITIONS

Crediting of payments Payments received by us at P.O. Box 856177, Louisville, KY 40285-6177 by 5:00 P.M. Eastern Time, will be credited as of that day. Payments received after 5:00 P.M. Eastern 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 if and as provided in the section called "Crediting of Payments" above.
N?tice to customers paying by check VI/hen 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. It will be destroyed and a copy will be retained. Therefore, you will no longer receive the original or a copy of your ch8'k,:backfWrTI,/CJ r.bank. Also,_the way in which the transaction c!RJears on y11urt>anR st1:1tem.ent will change. Your statement will now s ow; :line, item fQr.an .eJec!ronic,!enfry, if,jitiated by PNC Bank, and v.:jll influde !he check umber;p!iy ar,ie the check amount. If you ave,·quest19.r:i r-rega d1ng the con)i rsipn of your payment to an lecti;_opic transfer, iplease:, (e{Elt to (he tqll free number on the front qf th,!l\'lltatement.
C6r'\ditional payments Any pa eqt, you send to us for less than the full balance marked witho/the.words "Paid in Full" or similar language, musi be senHo Cusfomer 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 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 oeriod is not aoolicable to cash advances or balance transfers.

Balance calculation for purchases Finance charges on Purchases accrue from the date of each transaction. We figure finance charges for Purchases by applying the periodic 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 billing 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 from the date of each Cash Advance. We_ fi ure the finance charges for Cash Advances by applying the penod1c rate for Cash Advances to the Average Daily Balance for Cash Advances. To get your Average Daily Balance for CashAdvances, 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 Cash Advances, and subtract any payments and credits that apply to Cash Advances. This gives us the Daily Balance for Cash 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 billing cycle. This gives us the Average Daily Balance for Cash Advances.
Balance calculation 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 credit3 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-11 - 05/13/13

BALANCE SHEET
February 29, 2020

Water/Sewer
 	Fund	

i

ASSETS:
Current Assets
Cash
Investments:	$110,333	
State Board	$1,060,432	
Accounts Receivable	$137,760	
Prepaid Expenses	$22,485	
Electric Deposits	$365	

Non-Current Assets
Series 2010/2013 Refunding
Reserve	$110,844	
Interest	$26,774	
Redemption	$70,833	
R&R	$126,909	
Revenue	$33,797	

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

TOTAL ASSETS	$7,003,404

LIABILITIES:
Current Liabilities
Accounts Payable	$65,910	
Accrued Interest Payable - 2013	$17,686	
Accrued Principal Payable - 2013	$70,833	
Customer Deposits	$259,090	

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

$331,728
$1,670,000

$259,090
$4,329,067

TOTAL LIABILITIES & NET POSITION	 	$7,003,404 

DESCRIPTION	ADOPTED BUDGET	PRORATED BUDGET THRU 02/29/20	ACTUAL THRU 02/29/20	
VARIANCE	

REVENUES:					
Water Revenue	$820,000	$341,667	$354,157,	$12,490	
Sewer Revenue	$795,000	$331,250	$343,959	$12,709	
Misc. Income/Penalties	$8,500	$3,542	$11,692	$8,151	
Interest Income	$5,000	$2,083	$9,388	$7,305	
Rental Income	$6,000	$2,500	$3,000	$500	
Connection Fees	$0	$0	$0	$0	
TOTAL REVENUES	$1,634,500	$681,042	$722,195	$41,154	

EXPENSES:					
Administrative:					

Supervisors Fees	
$10,000	
$4,167	
$4,000	
$167	
FICA Expense	$765	$319	$306	$13	
Engineering Fees	$15,000	$6,250	$0	$6,250	
Attorneys Fees	$5,000	$2,083	$547	$1,537	
Annual Audit	$6,975	$0	$0	$0	
Trustee Fees	$3,502	$0	$0	$0	
Management Fees	$42,000	$17,500	$17,500	$0	
Computer Time	$1,500	$625	$625	$0	
Telephone	$150	$63	$0	$63	
Postage	$1,500	$625	$768	($143)	
Printing & Binding	$1,200	$500	$271	$229	
Rentals & Leases	$1,200	$500	$500	$0	
Insurance	$34,025	$14,177	$13,288	$890	
Legal Advertising	$2,000	$833	($410)	$1,243	
Bank Charges	$4,500	$1,875	$1,978	($103)	
Website Admin	$1,000	$417	$417	$0	
Office Supplies	$500	$208	$74	$134	
Dues, Licenses	$175	$175	$175	$0	
TOTAL ADMINISTRATIVE	$130,992	$50,317	$40,039	$10,278	
Plant and Field Oll,erations:					
Salaries	$168,827	$70,345	$67,342	$3,003	
FICA	$12,915	$5,381	$5,152	$230	
Workers Comp Insurance	$7,502	$5,919	$5,919	$0	
Health Insurance	$4,500	$1,875	$1,669	$207	
Consulting Services	$97,850	$40,771	$39,734	$1,037	
Telephone	$9,500	$3,958	$4,365	($407)	
Answering Service	$1,500	$625	$750	($125)	

DESCRIPTION	ADOPTED BUDGET	PRORATED BUDGET THRU 02/29/20	ACTUAL THRU 02/29/20	
VARIANCE	

EXPENSES: (continued)					
Plant and Field Operations: (continued)					
Postage	$18,000	$7,500	$7,633	($133)	
Electric	$42,000	$17,500	$16,782	$718	
Bulk Water/Sewer Purchase	$583,000	$242,917	$258,650	($15,733)	
Repairs & Maintenance	$35,000	$14,583	$9,322	$5,262	
Condo Expenses	$6,100	$2,542	$2,440	$102	
Office Supplies	$4,000	$1,667	$758	$909	
Operating Supplies	$40,000	$16,667	$17,221	($554)	
Chemicals	$28,000	$11,667	$14,267	($2,600)	
Filter Media	$5,000	$2,083	$0	$2,083	
Dues & Licenses	$4,500	$1,875	$0	$1,875	
TOTAL PLANT AND FIELD	$1,068,194	$447,874	$452,002	($4,128)	
Non-Operating Expenses					
Renewal & Replacement	$0	$0	$108,384	($108,384)	
TOTAL NON-OPERATING	$0	$0	$108,384	($108,384)	

Debt Service					
Series 2013
Principal Expense	
$170,000	
$70,833	
$70,833	
($0)	
Interest Expense	$42,446	$17,686	$17,686	$0	
TOTAL DEBT SERVICE	$212,446	$88,519	$88,519	$0	
					
TOTAL EXPENSES	$1,411,632	$586,710	$688,944	($102,234)	
CHANGE IN NET POSITION	$222,868	$94,332	$33,251	($61,080)	
NET POSITION - Beginning	$0		$4,554,906		
NET POSITION - Ending	$222,868		$4,588,157		

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 ( 1l
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 of $110,081.60

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

	ADOPTED	FME	FME	FME	FME	FME	FME		FME	FME		FME		FME		FME		FME	TOTAL		
	BUDGET	Oct-19	Nov-19	Dec-19	Jan-20	Feb-20	Mar-20		A r-20	Ma -20		Jun-20		Jul-20		Au -20		Se -20		

Wa!er Revenue	

$820,000	

$68,241	

$76,481	

$71,289	

$66,241	

$71,905		

$0	

$0		

$0		

$0		

$0		

$0	

$0	

$354,157	
Sewer Revenue	$795,000	$65,173	$73,669	$69,054	$65,687	$70,376		$0	$0		$0		$0		$0		$0	$0	$343,959	
M1sc. l,1come	$8,500	$9,900	$680	$359		$961		$0	$0		$0		$0		$0		$0	$0	$11,692	
blerest Income	$5,000	$1,914	$1,925	$1,882	$1,868	$1,798		$0	$0		$0		$0		$0		$0	$0	$9,388	
Rental Income	$6,000	$500	$500	$800	$500	$700		$0	$0		$0		$0		$0		$0	$0	$3,000	
Connection Fees	$0	$0	$0	$0	$0	$0		$0	$0		$0		$0		$0		$0	$0	$0	
TOTAL REVENUES	$1,634,500	$145,727	$153,256	$143,384	$134,088	$145,740		$0	$0		$0		$0		$0		$0	$0	$722,1951	

EXPENDITURES:																				
Administrative:																				
Supervisors Fees	$10,000	$1,000	$0	$1,000	$1,000	$1,000		$0	$0		$0		$0		$0		$0	$0	$4,000	
FICA Taxes	$765	$77	$0	$77	$77	$77		$0	$0		$0		$0		$0		$0	$0	$306	
Engineering	$15,000	$0	$0	$0	$0	$0		$0	$0		$0		$0		$0		$0	$0	$0	
Attorneys Fees	$5,000	$106	$169	$83	$189	$0		$0	$0		$0		$0		$0		$0	$0	$547	
d.nnualAudil	$6,975	$0	$0	$0	$0	$0		$0	$0		$0		$0		$0		$0	$0	$0	
Trustee Fees	$3,502	$0	$0	$0	$0	$0		$0	$0		$0		$0		$0		$0	$0	$0	
Management Fees	$42,000	$3,500	$3,500	$3,500	$3,500	$3,500		$0	$0		$0		$0		$0		$0	$0	$17,500	
Computer TIme	$1,500	$125	$125	$125	$125	$125		$0	$0		$0		$0		$0		$0	$0	$625	
Telephone	$150	$0	$0	$0	$0	$0		$0	$0		$0		$0		$0		$0	$0	$0	
Postage	$1,500	$173	$23	$308	$92	$172		$0	$0		$0		$0		$0		$0	$0	$768	
Fnn\ing & Binding	$1,200	$70	$74	$44	$25	$58		$0	$0		$0		$0		$0		$0	$0	$271	
Rentals& Leases	$1,200	$100	$100	$100	$100	$100		$0	$0		$0		$0		$0		$0	$0	$500	
Insurance	$34,025	$2,658	$2,658	$2,658	$2,658	$2,658		$0	$0		$0		$0		$0		$0	$0	$13,288	
Legal Advertising	$2,000	$0		$0		$0		$0	$0		$0		$0		$0		$0	$0		
Bank Ch..irges	$4,500	$360	$410	$368	$398	$441		$0	$0		$0		$0		$0		$0	$0	$1,978	
Website Adm1n	$1,000	$83	$83	$83	$83	$83		$0	$0		$0		$0		$0		$0	$0	$417	
Offi.:e Supplies	$500	$22	$18	$0	$18	$18		$0	$0		$0		$0		$0		$0	$0	$74	
Oues, Licenses	$175	$175	$0	$0	$0	$0		$0	$0		$0		$0		$0		$0	$0	$170	
TOTAL ADMINISTRATIVE	$130,992	$8,448	$6,911	$8,346	$8,103	$8,231		$0	$0		$0		$0		$0		$0	$0	$40,0391	

Plant and Field Operations:																				
	$168,827	$14,589	$11,764	$17,461	$11,764	$11,764		$0	$0		$0		$0		$0		$0	$0	$6/,342	
F!CA	$12,915	$1,116	$900	$1,336	$900	$900		$0	$0		$0		$0		$0		$0	$0	$5,1b2	
NorkersComplnsurance	$7,502	$5,919	$0	$0	$0	$0		$0	$0		$0		$0		$0		$0	$0	$5,918	
Health Insurance	$4,500	$334	$334	$334	$334	$334		$0	$0		$0		$0		$0		$0	$0	$1,669	
Cr.nsulling Services	$97,850	$7,217	$7,288	$10,180	$7,501	$7,548		$0	$0		$0		$0		$0		$0	$0	$39,734	
Tcleµhone	$9,500	$769	$945	$1,238	$554	$859		$0	$0		$0		$0		$0		$0	$0	$4,365	
An»wering Service	$1,500	$125	$125	$125	$250	$125		$0	$0		$0		$0		$0		$0	$0	$750	
Postage	$18,000	$1,531	$1,524	$1,525	$1,527	$1,526		$0	$0		$0		$0		$0		$0	$0	$7,63:'I	
E!ec1m..	$42,000	$3,163	$3,631	$3,337	$3,350	$3,302		$0	$0		$0		$0		$0		$0	$0	$16,782	
Bulk Waler/Sewer Purchase	$583,000	$44,149	$51,693	$50,961	$56,279	$55,568		$0	$0		$0		$0		$0		$0	$0	$258,650	
Repairs & Maintenance	$35,000	$1,245	$1,643	$4,258	$1,426	$750		$0	$0		$0		$0		$0		$0	$0	$9,322	
C<,ndo Expenses	$6,100	$588	$448	$412	$526	$465		$0	$0		$0		$0		$0		$0	$0	$2,440	
Office Supplies	$4,000	$179	$0	$604		$119		$0	$0		$0		$0		$0		$0	$0	$758	
Operating Supplies	$40,000	$1,109	$4,542	$1,560	$7,923	$2,087		$0	$0		$0		$0		$0		$0	$0	$17,221	
Chemicals	$28,000	$2,425	$1,980	$5,235	$1,371	$3,255		$0	$0		$0		$0		$0		$0	$0	$14,267	
Filter Media	$5,000	$0	$0	$0	$0	$0		$0	$0		$0		$0		$0		$0	$0	$0	
Dues & licenses	$4 500		0	$0	$0	$0		0	$0		$0		$0		0		0	$0	$0	
TOTAL FIELD:	$1068194	$84460	$86818	$98565	$93 559	$88601		$0	$0		$0		$0		$0		$0	$0	$452 002	

Non-Operating Expenses																				

Renewal & Replacement	$0	
$48,384	
$6,297	
$49,137	
$0	
$3,990	
$0	
$577	
$0	
$0	
$0	
$0	
$0	
$108,384	

TOTAL NON-OPERATING:	$0	
$48,384	
$6,297	
$49,137	
$0	
$3,990	
$0	
$577	
$0	
$0	
$0	
$0	
$0	$108,384 !	

Debt Service

Dllll§s 2013
rrindpal Expense	$170,000	

$14,167	

$14,167	

$14,167	

$14,167	

$14,167	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$70,833	
111\erest Expense	$42,446	$3,537	$3,537	$3,537	$3,537	$3,537	$0	$0	$0	$0	$0	$0	$0	$17,686	
TOTAL DEBT SERVICE:	$212,446	$17,704	$17,704	$17,704	$17,704	$17,704	$0	$0	$0	$0	$0	$0	$0	$88,51i.)	
														
TOTAL EXPENSES:	$1,411,632	$158,996	$117,729	$173,752	$119,365	$118,526	$0	$577	$0	$0	$0	$0	$0	$688ii±J	

OPERATING INCOME	$222,868		
$35,527		
$14,723	
$27,214	
$0		
$0	
$0	
$0	
$0	
$0	$33,251 I	

I	
Water	SLWSD	
Se1w.r	
Water	RCDO	
Sewer	
Water	TOTAL	
Sew,r	
Feb--19	7.880	8.662	3.64	0	11.52	8.662	
fvlar-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	
Jul-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	7.300	
Oct-19	7.479	7.324	3.35		10.829	7.324	
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	9314	3.173		12.804	9.314	
Feb-20	9.601	9.111	2.733		12.334	9.111