Storey Creek Community Development District Agenda March 18, 2024 AGENDA MINUTES MINUTES OF MEETING STOREY CREEK COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Storey Creek Community Development District was held Monday, February 19, 2024 at 10:00 a.m. at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd. ChampionsGate, FL. Present and constituting a quorum were: Adam Morgan Chairman Seth Yawn Assistant Secretary Rob Bonin Assistant Secretary Logan Lantrip by phone Assistant Secretary Also present were: Jeremy LeBrun District Manager Kristen Trucco District Counsel Steve Boyd District Engineer Alan Scheerer Field Manager FIRST ORDER OF BUSINESS Roll Call Mr. LeBrun called the meeting to order and called the roll. Three Supervisors were present and one joining via phone constituting a quorum. SECOND ORDER OF BUSINESS Public Comment Period There were no members of the public present, just Board members and staff. THIRD ORDER OF BUSINESS Approval of Minutes of the December 18, 2023 Meeting Mr. LeBrun presented the minutes of the December 18, 2023 Board of Supervisors meeting. He asked for any comments, corrections, or changes. Mr. Morgan stated they all look fine. On MOTION by Mr. Morgan, seconded by Mr. Bonin, with all in favor, the Minutes of the December 18, 2023 Board of Supervisors Meeting, were approved, as presented. February 19, 2024 Storey Creek CDD 2 FOURTH ORDER OF BUSINESS Ratification of Request for Transfer of Environmental Resource Permit Mr. Morgan presented a signed copy of the original. He noted he scanned and sent it to George last week. Mr. LeBrun asked for any questions on that. Mr. Scheerer noted they walked it and there were some items pointed out by the Engineer that Landsea is going to resolve but other than that they are good to go. He noted they would bring an aquatic agreement back for that pond at the next meeting. On MOTION by Mr. Morgan, seconded by Mr. Bonin, with all in favor, the Request for Transfer of Environmental Resource Permit, was approved. FIFTH ORDER OF BUSINESS Consideration of Resolution 2024-03 Finalizing the Series 2024 Special Assessments Ms. Trucco stated they were issuing bonds for the Assessment Area Three projects and since the last Board meeting those have successfully closed. The final statutory requirement is that the Board adopts a resolution finalizing the amount of special assessments for the final bond bound which was $4,805,000. This will approve the collection of special assessments in that amount in accordance with the Assessment Methodology Report for the Assessment Area Three Project as described in the Engineer’s Report. This will also direct the Secretary at GMS to add these special assessments to the District’s improvement lien book for the impacted parcels in accordance with Florida law. On MOTION by Mr. Morgan, seconded by Mr. Bonin, with all in favor, Resolution 2024-03 Finalizing the Series 2024 Special Assessments, was approved. SIXTH ORDER OF BUSINESS Ratification of Service License Agreement with Disclosure Technology Services for EMMA Filing Assistance Software – Series 2024 Bond Issuance Mr. LeBrun noted this item has already been approved so they are just looking for ratification. This agreement allows for the requirements of disclosing certain information. This is an electronic service that requires that. Ms. Trucco stated there are requirements for annual disclosure and Continuing Disclosure Agreement for all of the bonds. It is an additional service to help them comply with the annual disclosures for their bonds. February 19, 2024 Storey Creek CDD 3 On MOTION by Mr. Morgan, seconded by Mr. Bonin, with all in favor, the Service License Agreement with Disclosure Technology Services for EMMA Filing Assistance Software for Series 2024 Bond Issuance, was ratified. SEVENTH ORDER OF BUSINESS Staff Reports A. Attorney i. Discussion of Pending Plat Conveyances ii. Status of Permit Transfers Ms. Trucco stated since the last Board meeting, she has been working on closing out the bonds for Assessment Area Three project. She noted they are also working on finalizing all of the remaining conveyances and detailed inventory for the District that states when each tract and reported plats were conveyed to the CDD. She noted in the next couple of months the Board will be seeing that inventory. She noted regarding permit transfers she would have to defer to the District Engineer or Alan. B. Engineer Mr. Boyd stated that the had nothing to report. C. District Manager’s Report i. Approval of Check Register Mr. LeBrun presented the check register on page 81 of the electronic agenda. He noted from the General Fund there are check numbers 357-374 totaling $1,541,053.01. From the payroll fund this is the state statute allowed payments to the Board of Supervisors for their services, check numbers 567-569 totaling $554.10. The grand total for the check register is $1,541,607.11. Mr. Morgan noted that Frank Polly is charging for mowing fees when he hasn’t mowed at all. He asked what he is mowing in Phase 4? He noted Horizon mows the other side of the pond once a month. Mr. Bonin noted closings are going on now so this needs to go on routine. Mr. Scheerer stated they can’t take it over until the ERP has been transferred over to the District and he doesn’t think they have the ERP yet. Ms. Trucco stated if that needs to be done right away then they could have Lennar sign some type of license agreement. Mr. Bonin stated they need to certify completion of pond 7 in Phase 4. Mr. Boyd noted he would get it transferred over to the District office today. On MOTION by Mr. Morgan, seconded by Mr. Bonin, with all in favor, the Check Register totaling $1,541,607.11 was approved. February 19, 2024 Storey Creek CDD 4 ii. Balance Sheet and Income Statement Mr. LeBrun presented the unaudited financials through January 31, 2024. No action is required on the Board’s part. Mr. Morgan noted they still have $13,020 sitting there. iii. Presentation of Series 2019 Arbitrage Rebate Calculation Report Mr. LeBrun noted the Board has previously contracted with AMTEC to provide this calculation. Essentially, the District can’t earn more interest on the bonds than they are paying. There is a summary of their rebate computations on page 101. On MOTION by Mr. Morgan, seconded by Mr. Lantrip, with all in favor, the Series 2019 Arbitrage Rebate Calculation Report, was approved. D. Field Manager’s Report Mr. Scheerer noted that was covered earlier in the meeting. EIGHTH ORDER OF BUSINESS Other Business There being no comments, the next item followed. NINTH ORDER OF BUSINESS Supervisor’s Requests There being no comments, the next item followed. TENTH ORDER OF BUSINESS Adjournment Mr. LeBrun asked for a motion to adjourn the meeting. On MOTION by Mr. Morgan, seconded by Mr. Bonin, with all in favor, the meeting was adjourned. Secretary/Assistant Secretary Chairman/Vice Chairman SECTION IV SECTION V STOREY CREEK COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2022 (ASSESSMENT AREA TWO PROJECT) (Acquisition and Construction) The undersigned, a Responsible Officer of the Storey Creek Community Development District (the “District”) hereby submits the following requisition for disbursement under and pursuant to the terms of the Master Trust Indenture between the District and U.S. Bank National Association, as trustee (the “Trustee”), dated as of November 1, 2019, as supplemented by that certain Second Supplemental Trust Indenture dated as of June 1, 2022 (collectively, the “Indenture”) (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture): (A) Requisition Number: 9 (B) Identify Acquisition Agreement, if applicable; (C) Name of Payee: Lennar Homes LLC (D) Amount Payable: $13,132.47 (or account balance not to exceed $87,873.27) (E) Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments): Unfunded portion of infrastruction cots for Assessment Area 2. (F) Fund or Account and subaccount, if any, from which disbursement to be made: Series 2022 Acquisition and Construction Account of the Acquisition and Construction Fund. The undersigned hereby certifies that: 1. obligations in the stated amount set forth above have been incurred by the District, 2. each disbursement set forth above is a proper charge against the Series 2022 Acquisition and Construction Account; 3. each disbursement set forth above was incurred in connection with the Cost of the Assessment Area Two Project; and 4. each disbursement represents a Cost of Assessment Area Two Project which has not previously been paid. 2 The undersigned hereby further certifies that there has not been filed with or served upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof. The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the District is at the date of such certificate entitled to retain. Originals or copies of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested are on file with the District. STOREY CREEK COMMUNITY DEVELOPMENT DISTRICT By: Responsible Officer Date:_______________________________ CONSULTING ENGINEER’S APPROVAL FOR NON-COST OF ISSUANCE OR NON-OPERATING COSTS REQUESTS ONLY The undersigned Consulting Engineer hereby certifies that this disbursement is for the Cost of the Assessment Area Two Project and is consistent with: (i) the Acquisition Agreement; and (ii) the report of the Consulting Engineer, as such report shall have been amended or modified. Consulting Engineer SECTION VI SECTION C SECTION 1 Storey Creek Community Development District Summary of Invoices Febuary 01, 2024 - Feburay 29, 2024 Fund General Fund Date 2/1/24 2/8/24 2/15/24 2/22/24 2/29/24 Check No.'s 375 376-378 379-385 386 387 $ Amount 31,354.50 2,543.64 14,678.89 19,865.00 2,750.00 $ 71,192.03 Payroll February 2024Adam Morgan James Yawn Logan Lantrip Patrick Bonin Jr. 50074 50075 50076 50077 $ $ $ $ 184.70 184.70 184.70 184.70 $ 738.80 TOTAL $ 71,930.83 AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 3/11/24 PAGE *** CHECK DATES 02/01/2024 - 02/29/2024 *** STOREY CREEK - GENERAL FUND BANK A GENERAL FUND CHECK VEND# .....INVOICE..... ...EXPENSED TO... VENDOR NAME STATUS AMOUNT DATE DATE INVOICE YRMO DPT ACCT# SUB SUBCLASS 2/01/24 00013 1/31/24 18114 202402 320-53800-46200 * 4,343.50 MOWING SERV PHASE I FEB24 1/31/24 18114 202402 320-53800-46200 * 1,610.00 MOWING SERV PH2A FEB24 1/31/24 18114 202402 320-53800-46200 * 10,226.00 STOREY CREEK PH2B FEB24 1/31/24 18114 202402 320-53800-46200 * 625.00 PARK,DOGPARK,ENTR FEB24 1/31/24 18114 202402 320-53800-47800 * 250.00 DOGGIE/GARBAGE CANS FEB24 1/31/24 18114 202402 320-53800-46200 * 4,975.00 MOWING SERV PHASE 5 FEB24 1/31/24 18114 202402 320-53800-46200 * 5,850.00 MOWING SERV PHASE 4 FEB24 1/31/24 18114 202402 320-53800-46200 * 3,475.00 NATURE PARK MOWING FEB24 FRANK POLLY SOD,INC ....CHECK.... . AMOUNT # 31,354.50 000375 2/08/24 00012 1/31/24 217367 202401 320-53800-47000 * 1,353.00 AQUATIC PLANT MGMT JAN24 APPLIED AQUATIC MANAGEMENT INC 1,353.00 000376 2/08/24 00014 2/05/24 6309-02- 202402 310-51300-31200 * 450.00 ARBITRAGE SERIES 2019 AMERICAN MUNICIPAL TAX-EXEMPT 450.00 000377 2/08/24 00003 2/01/24 3901 202401 310-51300-31100 * 740.64 POND 3A INSP TRNOVER/MILE BOYD CIVIL ENGINEERING 740.64 000378 2/15/24 00012 2/15/24 217806 202402 320-53800-47000 * 1,353.00 AQUATIC PLANT MGMT FEB24 APPLIED AQUATIC MANAGEMENT INC 1,353.00 000379 2/15/24 00001 2/01/24 108 202402 310-51300-34000 MANAGEMENT FEES FEB24 * 3,333.33 2/01/24 108 202402 310-51300-35200 WEBSITE ADMIN FEB24 * 100.00 2/01/24 108 202402 310-51300-35100 INFORMATION TECH FEB24 * 150.00 2/01/24 108 202402 310-51300-31300 DISSEMINATION FEE FEB24 * 583.33 2/01/24 108 202402 310-51300-51000 OFFICE SUPPLIES * .27 2/01/24 108 202402 310-51300-42000 POSTAGE * 46.38 SCCD STOREY CREEK TVISCARRA AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 3/11/24 PAGE *** CHECK DATES 02/01/2024 - 02/29/2024 *** STOREY CREEK - GENERAL FUND BANK A GENERAL FUND CHECK VEND# .....INVOICE..... ...EXPENSED TO... VENDOR NAME STATUS AMOUNT ....CHECK.... . DATE DATE INVOICE YRMO DPT ACCT# SUB SUBCLASS AMOUNT # 2/01/24 109 202402 320-53800-12000 * 1,378.17 FIELD MANAGEMENT FEB24 GOVERNMENTAL MANAGEMENT SERVICES 5,591.48 000380 2/15/24 00002 2/14/24 123544 202401 310-51300-31500 * 419.56 DTC AGR/DTS AGR/TASK LIST LATHAM,LUNA,EDEN & BEAUDINE,LLP 419.56 000381 2/15/24 00018 2/01/24 2018831 202402 310-51300-49200 * 382.64 2023 TAX ROLL ADMIN FEE OSCEOLA COUNTY PROPERTY APPRAISER 382.64 000382 2/15/24 00011 2/08/24 02082024 202402 300-20700-10000 * 1,573.04 FY24 DEBT SRVC SER2019 STOREY CREEK CDD C/O USBANK 1,573.04 000383 2/15/24 00011 2/08/24 02082024 202402 300-20700-10100 * 1,318.54 FY24 DEBT SRVC SER2022 STOREY CREEK CDD C/O USBANK 1,318.54 000384 2/15/24 00015 1/25/24 7203060 202402 310-51300-32300 * 4,040.63 TRUSTEE FEE SER.2019 US BANK 4,040.63 000385 2/22/24 00013 2/14/24 18128 202402 320-53800-46300 * 15,200.00 FURNISH/INST.16000 ST.AUG 2/14/24 18128 202402 320-53800-46300 * 4,000.00 FURNISH/INST.8 45GAL TREE 2/14/24 18128 202402 320-53800-46300 * 440.00 FURNISH/INST.40 3GAL PLNT 2/14/24 18128 202402 320-53800-46300 * 225.00 FURNISH/INST.5YARDS MULCH FRANK POLLY SOD,INC 19,865.00 000386 2/29/24 00013 2/20/24 18130 202402 320-53800-46300 * 2,750.00 FURN/INST.50YD MLCH PLYGD FRANK POLLY SOD,INC 2,750.00 000387 TOTAL FOR BANK A 71,192.03 TOTAL FOR REGISTER 71,192.03 SCCD STOREY CREEK TVISCARRA SECTION 2 Storey Creek Community Development District Unaudited Financial Reporting February 29, 2024 1 2 3 4 5 6 7 8 9 10 11 12 Table of Contents Balance Sheet General Fund Income Statement Debt Service Fund Series 2022 Income Statement Debt Service Fund Series 2024 Income Statement Debt Service Fund Series 2019 Income Statement Construction Schedule Series 2024 Construction Schedule Series 2022 Capital Projects Fund Series 2022 Income Statement Month to Month Long Term Debt Summary Assessment Receipt Schedule Capital Projects Fund Series 2024 Income Statement Storey Creek Community Development District Balance Sheet February 29, 2024 General Debt Service Capital Projects Totals Fund Fund Fund Governmental Funds Assets: Cash - Truist Bank 53,433 $ - $ - $ 53,433 $ Investments: Series 2019 Reserve - $ 245,666 $ - $ 245,666 $ Revenue - $ 543,978 $ - $ 543,978 $ Prepayment - $ 32 $ - $ 32 $ Series 2022 Reserve - $ 208,648 $ - $ 208,648 $ Revenue - $ 422,636 $ - $ 422,636 $ Construction - $ - $ 13,078 $ 13,078 $ Series 2024 Reserve - $ 162,906 $ - $ 162,906 $ Revenue - $ - $ - $ - $ Interest - $ 86,063 $ - $ 86,063 $ Construction - $ - $ 4,211,769 $ 4,211,769 $ Cost of Issuance - $ - $ 100 $ 100 $ State Board of Administration 579,296 $ - $ - $ 579,296 $ Deposits 5,015 $ - $ - $ 5,015 $ Total Assets 637,745 $ 1,669,928 $ 4,224,947 $ 6,532,620 $ Liabilities: Accounts Payable - $ - $ - $ - $ Due to Other 740 $ - $ - $ 740 $ Total Liabilities 740 $ - $ - $ 740 $ Fund Balances: Assigned For Debt Service 2019 - $ 789,676 $ - $ 789,676 $ Assigned For Debt Service 2022 - $ 631,284 $ - $ 631,284 $ Assigned For Debt Service 2024 - $ 248,969 $ - $ 248,969 $ Assigned For Capital Projects 2022 - $ - $ 13,078 $ 13,078 $ Assigned For Capital Projects 2024 - $ - $ 4,211,869 $ 4,211,869 $ Unassigned 637,005 $ - $ - $ 637,005 $ Total Fund Balances 637,005 $ 1,669,928.31 $ 4,224,947 $ 6,531,880 $ Total Liabilities & Fund Equity 637,745 $ 1,669,928 $ 4,224,947 $ 6,532,620 $ 1 Storey Creek Community Development District General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending February 29, 2024 Adopted Budget PTrhorrua 0te2d/ B2u9d/g2e4t ThruA 0c2tu/a2l9/24 Variance Revenues: ISSnppteeeccriieaasllt AAsssseessssmmeennttss -- TDairxe Rcto Bllilled $$$ 17 13 57 ,, 35 09 12 - $$$ 17 00 02 ,, 99 79 16 - $$$ 17 00 402,,,299799166 $$$ 4 , 2 9 6 -- Total Revenues $ 852,893 $ 803,967 $ 808,264 $ 4,296 Expenditures: Administrative: Supervisor Fees 12,000 $ 5,000 $ 2,800 $ 2,200 $ FICA Expense 918 $ 383 $ 214 $ 168 $ Engineering Fees 12,000 $ 5,000 $ 1,493 $ 3,507 $ Attorney 25,000 $ 10,417 $ 2,000 $ 8,417 $ Dissemination 10,500 $ 4,375 $ 2,917 $ 1,458 $ Arbitrage 1,350 $ 450 $ 450 $ - $ Annual Audit 5,610 $ 3,500 $ 3,500 $ - $ Trustee Fees 10,000 $ 4,041 $ 4,041 $ - $ Assessment Administration 7,500 $ 7,500 $ 7,500 $ - $ Management Fees 40,000 $ 16,667 $ 16,667 $ 0 $ Information Technology 1,800 $ 750 $ 750 $ - $ Website Maintenance 1,200 $ 500 $ 500 $ - $ Telephone 150 $ 63 $ - $ 63 $ Postage 500 $ 208 $ 103 $ 105 $ Printing & Binding 600 $ 600 $ 44 $ 556 $ Insurance 6,450 $ 6,450 $ 6,046 $ 404 $ Legal Advertising 2,000 $ 833 $ 662 $ 171 $ Other Current Charges 500 $ 208 $ 237 $ (29) $ Office Supplies 100 $ 42 $ 1 $ 40 $ Property Appraiser Fee 500 $ 383 $ 383 $ - $ Property Taxes 300 $ 1 $ 1 $ - $ Dues, Licenses & Subscriptions 175 $ 175 $ 175 $ - $ Total Administrative: 139,153 $ 67,544 $ 50,483 $ 17,061 $ Operations & Maintenance Field Services 16,538 $ 6,891 $ 6,891 $ (0) $ Property Insurance 4,000 $ 4,000 $ 3,762 $ 238 $ Electric 4,000 $ 1,667 $ 333 $ 1,334 $ Streetlights 194,000 $ 80,833 $ 37,896 $ 42,937 $ Water & Sewer 39,600 $ 16,500 $ 4,187 $ 12,313 $ Landscape Maintenance 400,374 $ 166,823 $ 155,523 $ 11,300 $ Landscape Contingency 7,500 $ 3,125 $ 22,615 $ (19,490) $ Irrigation Repairs 5,000 $ 2,083 $ - $ 2,083 $ Lake Maintenance 26,700 $ 11,125 $ 6,765 $ 4,360 $ Lake Contingency 1,500 $ 625 $ 1,003 $ (378) $ Doggie Station Maintenance 5,000 $ 2,083 $ 4,250 $ (2,167) $ Repairs & Maintenance 5,000 $ 2,083 $ 385 $ 1,698 $ Walls, Entry & Monuments 2,500 $ 1,042 $ - $ 1,042 $ Contingency 2,028 $ 845 $ - $ 845 $ Total Operations & Maintenance: 713,740 $ 299,725 $ 243,609 $ 56,116 $ Total Expenditures 852,893 $ 367,269 $ 294,093 $ 73,177 $ Excess Revenues (Expenditures) - $ 514,171 $ Fund Balance - Beginning - $ 122,834 $ Fund Balance - Ending - $ 637,005 $ 2 Storey Creek Community Development District Debt Service Fund - Series 2019 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending February 29, 2024 Adopted Budget PTrhorrua t0e2d/ B2u9d/g2e4t ThruA 0c2tu/a2l9/24 Variance Revenues: ISnpteecrieaslt Assessments $$ 4 9 71,,530301 $$ 4 8 31,,122215 $$ 4 1841,,270211 $$ 1 , 5 7 6 - Total Revenues $ 498,831 $ 484,346 $ 495,922 $ 11,576 Expenditures: Series 2019 IIPnnrttieenrrceeipsstta --l 01- 261//211/5515 $$$ 111557457,,,014037028 $$$ 11 57 ,, 01 07 02 - $$$ 11 57 ,, 01 07 02 - $$$ --- Total Expenditures $ 486,609 $ 332,172 $ 332,172 $ - Other Sources/(Uses) Transfer In/(Out) $ - $ - $ - $ - Total Other Financing Sources (Uses) $ - $ - $ - $ - Excess Revenues (Expenditures) $ 12,222 $ 163,750 Fund Balance - Beginning $ 372,055 $ 625,926 Fund Balance - Ending $ 384,277 $ 789,676 3 Storey Creek Community Development District Debt Service Fund - Series 2022 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending February 29, 2024 Adopted Budget PTrhorrua t0e2d/ B2u9d/g2e4t ThruA 0c2tu/a2l9/24 Variance Revenues: ISnpteecrieaslt Assessments $$ 4 1 51,,070606 $$ 4 0 23,,036835 $$ 4 0 93,,386855 $$ 7 , 8 0 1 - Total Revenues $ 416,766 $ 405,448 $ 413,250 $ 7,801 Expenditures: Series 2022 IIPnnrttieenrrceeipsstta --l 01- 260//611/5515 $$$ 11 955588,,,033088033 $$$ 1 5 8 , 3 8 3 -- $$$ 1 5 8 , 3 8 3 -- $$$ --- Total Expenditures $ 411,766 $ 158,383 $ 158,383 $ - Other Sources/(Uses) Transfer In/(Out) $ - $ - $ (1,845) $ 1,845 Total Other Financing Sources (Uses) $ - $ - $ (1,845) $ 1,845 Excess Revenues (Expenditures) $ 5,000 $ 253,022 Fund Balance - Beginning $ 170,174 $ 378,262 Fund Balance - Ending $ 175,174 $ 631,284 4 Storey Creek Community Development District Debt Service Fund - Series 2024 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending February 29, 2024 Adopted Budget PTrhorrua t0e2d/ B2u9d/g2e4t ThruA 0c2tu/a2l9/24 Variance Revenues: Bond Proceeds $ - $ - $ 248,969 $ 248,969 Total Revenues $ - $ - $ 248,969 $ 248,969 Expenditures: Series 2024 IIPnnrttieenrrceeipsstta --l 01- 260//611/5515 $$$ --- $$$ --- $$$ --- $$$ --- Total Expenditures $ - $ - $ - $ - Other Sources/(Uses) Transfer In/(Out) $ - $ - $ - $ - Total Other Financing Sources (Uses) $ - $ - $ - $ - Excess Revenues (Expenditures) $ - $ 248,969 Fund Balance - Beginning $ - $ - Fund Balance - Ending $ - $ 248,969 5 Storey Creek Community Development District Capital Projects Fund - Series 2022 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending February 29, 2024 Adopted Budget PTrhorrua t0e2d/ B2u9d/g2e4t ThruA 0c2tu/a2l9/24 Variance Revenues: Interest $ - $ - $ 255 $ 255 Total Revenues $ - $ - $ 255 $ 255 Expenditures: Capital Outlay $ - $ - $ - $ - Total Expenditures $ - $ - $ - $ - Other Financing Sources/(Uses) Transfer In/(Out) $ - $ - $ 1,845 $ (1,845) Total Other Financing Sources (Uses) $ - $ - $ 1,845 $ (1,845) Excess Revenues (Expenditures) $ - $ 2,100 Fund Balance - Beginning $ - $ 10,978 Fund Balance - Ending $ - $ 13,078 6 Storey Creek Community Development District Capital Projects Fund - Series 2024 Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending February 29, 2024 Adopted Budget PTrhorrua t0e2d/ B2u9d/g2e4t ThruA 0c2tu/a2l9/24 Variance Revenues: Bond Proceeds $ - $ - $ 4,556,031 $ 4,556,031 Total Revenues $ - $ - $ 4,556,031 $ 4,556,031 Expenditures: CCaappiittaall OOuuttllaayy - Cost of Issuance $$ -- $$ -- $$ 3 4 , 1 -62 $$ ( 3 4 , 1 -62) Total Expenditures $ - $ - $ 344,162 $ (344,162) Other Financing Sources/(Uses) Transfer In/(Out) $ - $ - $ - $ - Total Other Financing Sources (Uses) $ - $ - $ - $ - Excess Revenues (Expenditures) $ - $ 4,211,869 Fund Balance - Beginning $ - $ - Fund Balance - Ending $ - $ 4,211,869 7 Storey Creek Community Development District Month to Month Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Total Revenues: Special Assessments ISnpteecriaels Atssessments -- TDiarxe Rcto Bllilled $$$ 6 8 , 6 --51 $$$ 3 2 , 5 --40 $$$ 6 1 , 8 --92 $$$ 3 144,,,783572565 $$$ 12 ,, 56 -4824 $$$ --- $$$ --- $$$ --- $$$ --- $$$ --- $$$ --- $$$ --- $$$$ 17 00 402 ,,, 299 -979616 Total Revenues $ 68,651 $ 32,540 $ 661,892 $ 40,956 $ 4,225 $ - $ - $ - $ - $ - $ - $ - $ 808,264 Expenditures: Administrative: Supervisor Fees 600 $ 600 $ 800 $ - $ 800 $ - $ - $ - $ - $ - $ - $ - $ 2,800 $ FICA Expense 46 $ 46 $ 61 $ - $ 61 $ - $ - $ - $ - $ - $ - $ - $ 214 $ Engineering Fees 215 $ 538 $ - $ 741 $ - $ - $ - $ - $ - $ - $ - $ - $ 1,493 $ Attorney 468 $ 897 $ 216 $ 420 $ - $ - $ - $ - $ - $ - $ - $ - $ 2,000 $ Dissemination 583 $ 583 $ 583 $ 583 $ 583 $ - $ - $ - $ - $ - $ - $ - $ 2,917 $ Arbitrage - $ - $ - $ - $ 450 $ - $ - $ - $ - $ - $ - $ - $ 450 $ Annual Audit - $ 3,500 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3,500 $ Trustee Fees - $ - $ - $ - $ 4,041 $ - $ - $ - $ - $ - $ - $ - $ 4,041 $ Assessment Administration 7,500 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 7,500 $ Management Fees 3,333 $ 3,333 $ 3,333 $ 3,333 $ 3,333 $ - $ - $ - $ - $ - $ - $ - $ 16,667 $ Information Technology 150 $ 150 $ 150 $ 150 $ 150 $ - $ - $ - $ - $ - $ - $ - $ 750 $ Website Maintenance 100 $ 100 $ 100 $ 100 $ 100 $ - $ - $ - $ - $ - $ - $ - $ 500 $ Telephone - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Postage 28 $ 6 $ 8 $ 16 $ 46 $ - $ - $ - $ - $ - $ - $ - $ 103 $ Printing & Binding 7 $ 8 $ 24 $ 4 $ - $ - $ - $ - $ - $ - $ - $ - $ 44 $ Insurance 6,046 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 6,046 $ Legal Advertising 662 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 662 $ Other Current Charges 39 $ 74 $ 44 $ 40 $ 41 $ - $ - $ - $ - $ - $ - $ - $ 237 $ Office Supplies 0 $ 0 $ 0 $ 0 $ 0 $ - $ - $ - $ - $ - $ - $ - $ 1 $ Property Appraiser Fee - $ - $ - $ - $ 383 $ - $ - $ - $ - $ - $ - $ - $ 383 $ Property Taxes - $ 1 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 1 $ Dues, Licenses & Subscriptions 175 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 175 $ Total Administrative: 19,952 $ 9,836 $ 5,320 $ 5,387 $ 9,989 $ - $ - $ - $ - $ - $ - $ - $ 50,483 $ Operations & Maintenance Field Services 1,378 $ 1,378 $ 1,378 $ 1,378 $ 1,378 $ - $ - $ - $ - $ - $ - $ - $ 6,891 $ Property Insurance 3,762 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3,762 $ Electric 60 $ 60 $ 65 $ 83 $ 64 $ - $ - $ - $ - $ - $ - $ - $ 333 $ Streetlights 7,452 $ 7,454 $ 7,659 $ 7,666 $ 7,665 $ - $ - $ - $ - $ - $ - $ - $ 37,896 $ Water & Sewer 1,368 $ 297 $ 681 $ 838 $ 1,003 $ - $ - $ - $ - $ - $ - $ - $ 4,187 $ Landscape Maintenance 31,105 $ 31,105 $ 31,105 $ 31,105 $ 31,105 $ - $ - $ - $ - $ - $ - $ - $ 155,523 $ Landscape Contingency - $ - $ - $ - $ 22,615 $ - $ - $ - $ - $ - $ - $ - $ 22,615 $ Irrigation Repairs - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Lake Maintenance 1,353 $ 1,353 $ 1,353 $ 1,353 $ 1,353 $ - $ - $ - $ - $ - $ - $ - $ 6,765 $ Lake Contingency 1,003 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 1,003 $ Doggie Station Maintenance 250 $ 250 $ 250 $ 3,250 $ 250 $ - $ - $ - $ - $ - $ - $ - $ 4,250 $ Repairs & Maintenance 385 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 385 $ Walls, Entry & Monuments - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Contingency - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Total Operations & Maintenance: 48,116 $ 41,897 $ 42,491 $ 45,673 $ 65,432 $ - $ - $ - $ - $ - $ - $ - $ 243,609 $ Total Expenditures 68,068 $ 51,733 $ 47,810 $ 51,060 $ 75,421 $ - $ - $ - $ - $ - $ - $ - $ 294,093 $ Excess Revenues (Expenditures) 583 $ (19,193) $ 614,081 $ (10,105) $ (71,196) $ - $ - $ - $ - $ - $ - $ - $ 514,171 $ 8 Storey Creek Community Development District Long Term Debt Report OPTIONAL REDEMPTION DATE: 12/15/2029 INTEREST RATES: 3.125%, 3.625%, 4.000%, 4.125% MATURITY DATE: 12/15/2049 RESERVE FUND DEFINITION 50% OF MAXIMUM ANNUAL DEBT SERVICE RESERVE FUND REQUIREMENT $245,666 RESERVE FUND BALANCE $245,666 BONDS OUTSTANDING - 12/16/19 $8,445,000 LESS: PRINCIPAL PAYMENT - 12/15/20 ($160,000) LESS: PRINCIPAL PAYMENT - 12/15/21 ($165,000) LESS: PRINCIPAL PAYMENT - 12/15/22 ($170,000) CURRENT BONDS OUTSTANDING $7,950,000 OPTIONAL REDEMPTION DATE: 6/15/2032 INTEREST RATES: 4.300%, 5.000%, 5.200%, 5.375% MATURITY DATE: 6/15/2052 RESERVE FUND DEFINITION 50% OF MAXIMUM ANNUAL DEBT SERVICE RESERVE FUND REQUIREMENT $205,883 RESERVE FUND BALANCE $208,648 BONDS OUTSTANDING - 07/14/22 $6,170,000 LESS: PRINCIPAL PAYMENT - 06/15/23 ($90,000) CURRENT BONDS OUTSTANDING $6,080,000 OPTIONAL REDEMPTION DATE: 6/15/2034 INTEREST RATES: 4.450%, 5.250%, 5.500% MATURITY DATE: 6/15/2054 RESERVE FUND DEFINITION 50% OF MAXIMUM ANNUAL DEBT SERVICE RESERVE FUND REQUIREMENT $162,906 RESERVE FUND BALANCE $162,906 BONDS OUTSTANDING - 2/13/24 $4,805,000 CURRENT BONDS OUTSTANDING $4,805,000 SERIES 2024, SPECIAL ASSESSMENT BONDS (ASSESSMENT AREA THREE PROJECT) (ASSESSMENT AREA TWO PROJECT) SERIES 2022, SPECIAL ASSESSMENT BONDS SERIES 2019, SPECIAL ASSESSMENT BONDS (ASSESSMENT AREA ONE PROJECT) 9 GNroests A Asssseessssmmeenntsts $$ 771615,,256917..1158 $$ 452912,,260404..0000 $$ 441318,,074669..1205 $$ 11,,671218,,690116..3335 44.21% 30.35% 25.44% 100.00% Date Distribution Gross Amount Commissions Discount/Penalty Interest Net Receipts O&M Portion 2019 Debt Service Asmt 2022 Debt Service Asmt Total 000001111111112223/////////001111223000112488/////////222222222333344444 AAAAAAAAACCCCCCCCCHHHHHHHHH $1,5$$717$$$$3672349$,,,,,,,1124695930334465$600155666.........080025895072367775 $3$10$$,,1242$$$$14786678$007781489.........012477780012470458 $6$33$$$,,01241$$$24701490$048955992.........001322384011666682 $1,37$$$$$$$$000000004.........000000007000000007 $1,4$$178$$$$$11123484$,,,,,,,,823678991902677786$$$$0000002234485.............00005122578900000901456775 $6$53$$$$161135$$$,,,,,,368166788079356788$$$$3570000344569.............00004771236890000389013445 $4$52$$$$011123$$$,,,,,,246124679017334559$$$$0170000257779.............00000222355780000049012355 $3$17$$$81237$$$$,,,,,022323595002224686$$$$0036789900006.............00002245677810000033456770 $1,4$$817$$$$$12411348$,,,,,,,,812367899902667778$$$$0000002234458.............00005012257790000814555779 TOTAL $ 1,688,019.14 $ 32,417.91 $ 67,123.66 $ 1,374.77 $ 1,589,852.34 $ 702,881.07 $ 482,518.69 $ 404,452.55 $ 1,589,852.31 98.22% Net Percent Collected $ 28,749.01 Balance Remaining to Collect DRP FL 6 LLC $137,301.25 $137,301.25 DATE DUE CHECK NET AMOUNT General RECEIVED DATE NO. ASSESSED RECEIVED Fund 10/24/23 11/1/23 2118939 $68,650.63 $68,650.63 $68,650.63 1/19/24 2/1/24 2164460 $34,325.31 $34,325.31 $34,325.31 5/1/24 $34,325.31 $0.00 $0.00 $137,301.25 $102,975.94 $102,975.94 DIRECT BILLED ASSESSMENTS Storey Creek COMMUNITY DEVELOPMENT DISTRICT Special Assessment Receipts Fiscal Year 2024 ON ROLL ASSESSMENTS 10 Storey Creek COMMUNITY DEVELOPMENT DISTRICT Date Requisition # Contractor Description Requisition Fiscal Year 2024 TOTAL $ - Fiscal Year 2024 10/2/23 Interest $ 47.70 11/1/23 Interest $ 50.09 12/1/23 Interest $ 48.35 12/27/23 Transfer from Reserve $ 1,844.80 1/2/24 Interest $ 51.22 2/1/24 Interest $ 57.88 TOTAL $ 2,100.04 Project (Construction) Fund at 09/30/23 $ 10,978.03 Interest Earned/Transferred Funds thru 02/29/24 $ 2,100.04 Requisitions Paid thru 02/29/24 $ - $ 13,078.07 Special Assessment Bonds, Series 2022 Remaining Project (Construction) Fund 11 Storey Creek COMMUNITY DEVELOPMENT DISTRICT Date Requisition # Contractor Description Requisition Fiscal Year 2024 TOTAL $ - Fiscal Year 2024 TOTAL $ - Project (Construction) Fund at 02/13/24 $ 4,211,769.17 Interest Earned/Transferred Funds thru 02/29/24 $ - Requisitions Paid thru 02/29/24 $ - $ 4,211,769.17 Special Assessment Bonds, Series 2024 Remaining Project (Construction) Fund 12