Cordoba Ranch Community Development District

August 27, 2019 Agenda Package

Inframark, Infrastructure Management Services
210 North University Drive, Suite 702 • Coral Springs, Florida 33071 Telephone: (954) 603-0033 • Fax: (954) 345-1292

August 20, 2019 Board of Supervisors
Cordoba Ranch Community Development District Dear Board Members:
The regular meeting of the Board of Supervisors of the Cordoba Ranch Community Development District will be held on Tuesday, August 27, 2019 at 9:30 a.m. at the Cordoba Ranch Model Center, 2516 Cordoba Ranch Boulevard, Lutz, FL. The following is the advance agenda for the meeting:

Call to Order/Roll Call
Approval of the Consent Agenda
June 25, 2019 Meeting Minutes
Financial Statements
Fiscal Year 2020 Proposed Meeting Schedule
Public Hearing to Adopt the Fiscal Year 2020 Budget
Resolution 2019-4 Adopting the Fiscal Year 2020 Budget
Resolution 2019-5 Levying Special Assessments
Aquagenix Report - August
Staff Reports
District Counsel
District Engineer
District Manager
Audience Comments
Supervisor Requests
Adjournment

All supporting documentation is enclosed or will be distributed at the meeting.

The balance of the agenda is routine in nature and staff will give their reports at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,
Andrew P. Mendenhall, PMP
Andrew P. Mendenhall, PMP, District Manager

Second Order of Business

2A.

MINUTES OF MEETING CORDOBA RANCH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Cordoba Ranch Community Development District was held on Tuesday, June 25, 2019 at 9:30 a.m. in the Cordoba Ranch Model Center, 2516 Cordoba Ranch Boulevard, Lutz, Florida.

Present and constituting a quorum were:

Kelly Evans	Chairperson
Pete Williams	Vice Chairman
Lori Campagna	Assistant Secretary
Charlie Peterson	Assistant Secretary Also present were:
Andy Mendenhall	District Manager
Tonja Stewart	District Engineer (via telephone)

The following is a summary of the discussions and actions taken.
FIRST ORDER OF BUSINESS	Call to Order/Roll Call SECOND ORDER OF BUSINESS	Approval of the Consent Agenda
May 28, 2019 Meeting Minutes
Financial Statements

On MOTION by Mr. Williams seconded by Ms. Evans with all in favor the consent agenda was approved.

THIRD ORDER OF BUSINESS	Aquagenix Report - June
The Aquagenix report was reviewed.

FOURTH ORDER OF BUSINESS	Staff Reports
A.	District Counsel
None

unapproved

June 25, 2019	Cordoba Ranch CDD

C.	District Manager
None

FIFTH ORDER OF BUSINESS	Audience Comments
None

SIXTH ORDER OF BUSINESS	Supervisor Requests
Ms. Evans inquired on the status of the island curb painting; line of sight landscape trimming; and general landscape maintenance.

The record will reflect Ms. Stewart joined the meeting via telephone.

FOURTH ORDER OF BUSINESS	Staff Reports (continued)
B.	District Engineer
Ms. Stewart commented on the multi-purpose path noting the bike path arrow signage erroneously goes to the road and not the path. The arrows can be switched.
Drainage cleanup was well done.

SEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Campagna seconded by Mr. Williams with all in favor the meeting was adjourned.

Kelly Evans
Chairperson

unapproved	2

2B.

Cordoba Ranch Community Development District
Financial Report July 31, 2019

Prepared by:

Community Development District

	Table of Contents		

FINANCIAL STATEMENTS		
Page #	
Balance Sheet - All Funds	………………………………………………….	1	

Statement of Revenues, Expenditures and Changes in Fund Balance	
General Fund	………………………………………………….	2 - 3	
Debt Service Fund	………………………………………………….	4	

SUPPORTING SCHEDULES

Non-Ad Valorem Special Assessments - Schedule	………………………………………………….	5 - 6	
Cash and Investment Report	………………………………………………….	7	
Payment Register	………………………………………………….	8	

Cordoba Ranch Community Development District

Financial Statements
(Unaudited)

July 31, 2019

Community Development District

Governmental Funds

Balance Sheet
July 31, 2019

ACCOUNT DESCRIPTION

GENERAL FUND

SERIES 2006 DEBT SERVICE
FUND	TOTAL

ASSETS

Cash - Checking Account	$	138,741	$	-	$	138,741	
Due From Other Funds	-	5,401	5,401	
Investments:
Money Market Account	
391,875	
-	
391,875	
Prepayment Account	-	1,940	1,940	
Reserve Fund	-	234,267	234,267	
Revenue Fund	-	184,048	184,048	
Prepaid Items	1,503	-	1,503	
Deposits	11,540	-	11,540	
TOTAL ASSETS	$	543,659	$	425,656	$	969,315	

LIABILITIES				
Accounts Payable	$	5,953	$	-	$	5,953	
Due To Other Funds	5,401	-	5,401	
TOTAL LIABILITIES	11,354	-	11,354	

FUND BALANCES
Nonspendable:
Prepaid Items	

1,503	

-	

1,503	
Deposits	11,540	-	11,540	
Restricted for:
Debt Service	
-	
425,656	
425,656	
Assigned to:				
Operating Reserves	44,040	-	44,040	
Reserves - Capital Projects	170,127	-	170,127	
Unassigned:	305,095	-	305,095	
TOTAL FUND BALANCES	$	532,305	$	425,656	$	957,961	
			
TOTAL LIABILITIES & FUND BALANCES	$	543,659	$	425,656	$	969,315	

1

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending July 31, 2019

ACCOUNT DESCRIPTION	ANNUAL ADOPTED
BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

REVENUES						
Interest - Investments	$	-	$	-	$	6,035	$	6,035	0.00%	
Interest - Tax Collector	-	-	181	181	0.00%	
Special Assmnts- Tax Collector	357,623	357,623	357,570	(53)	99.99%	
Special Assmnts- CDD Collected	135,125	135,125	135,125	-	100.00%	
Special Assmnts- Discounts	(14,305)	(14,305)	(13,329)	976	93.18%	
Gate Bar Code/Remotes	-	-	663	663	0.00%	
TOTAL REVENUES	478,443	478,443	486,245	7,802	101.63%	

EXPENDITURES						

Administration						
P/R-Board of Supervisors	2,400	2,000	1,000	1,000	41.67%	
ProfServ-Arbitrage Rebate	500	500	-	500	0.00%	
ProfServ-Dissemination Agent	5,000	5,000	5,000	-	100.00%	
ProfServ-Engineering	7,500	6,250	6,160	90	82.13%	
ProfServ-Legal Services	7,000	5,833	2,353	3,480	33.61%	
ProfServ-Mgmt Consulting Serv	46,500	38,750	38,750	-	83.33%	
ProfServ-Trustee Fees	3,500	3,500	2,424	1,076	69.26%	
Auditing Services	3,500	3,500	1,000	2,500	28.57%	
Postage and Freight	1,000	833	576	257	57.60%	
Public Officials Insurance	2,239	2,239	1,850	389	82.63%	
Printing and Binding	600	500	598	(98)	99.67%	
Legal Advertising	3,500	2,917	988	1,929	28.23%	
Misc-Assessmnt Collection Cost	7,152	5,960	6,885	(925)	96.27%	
Misc-Web Hosting	900	750	750	-	83.33%	
Annual District Filing Fee	 	175	175	175 	-	100.00%	
Total Administration	 	91,466 	78,707 	68,509 	10,198 	74.90%	

Other Public Safety		
Contracts-Security Camera	2,500	2,083	2,083	-	83.32%	
Contracts-Security Services	13,608	11,340	11,922	(582)	87.61%	
Communication - Telephone	1,644	1,370	1,398	(28)	85.04%	
R&M-Gatehouse	 	600	500	- 	500	0.00%
Total Other Public Safety	 	18,352 	15,293 	15,403 	(110) 	83.93%

Electric Utility Services
Utility - General	7,800	6,500	6,089	411	78.06%
Electricity - Streetlighting	 	63,528 	52,940 	52,460 	480 	82.58%
Total  Electric Utility Services	 	71,328 	59,440 	58,549 	891 	82.08%

Flood Control/Stormwater Mgmt
Contracts-Aquatic Control	12,408	10,340	13,331	(2,991)	107.44%

2

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending July 31, 2019

ANNUAL ADOPTED
ACCOUNT DESCRIPTION	BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

R&M-Fountain	
1,000	
833	
250	
583	
25.00%	
R&M-Mitigation	11,460	9,550	7,650	1,900	66.75%	
R&M Lake & Pond Bank	6,675	5,563	2,528	3,035	37.87%	
Impr - Aquatic Plants	 	5,000	4,167	5,022 	(855)	100.44%	
Total Flood Control/Stormwater Mgmt	 	36,543 	30,453 	28,781 	1,672 	78.76%	

Field		
Contracts-Landscape	114,994	95,828	95,828	-	83.33%	
Insurance - Property	1,735	1,735	1,242	493	71.59%	
Insurance - General Liability	2,490	2,490	2,250	240	90.36%	
R&M-Entry Feature	200	200	-	200	0.00%	
R&M-Irrigation	9,000	7,500	6,014	1,486	66.82%	
R&M-Mulch	23,100	19,250	14,700	4,550	63.64%	
R&M-Pest Control	3,200	2,667	2,649	18	82.78%	
R&M-Plant Replacement	15,000	12,500	-	12,500	0.00%	
R&M-Well Maintenance	5,000	4,167	-	4,167	0.00%	
R&M-Annuals	19,000	15,833	9,345	6,488	49.18%	
Holiday Lighting & Decorations	2,500	2,500	2,500	-	100.00%	
Op Supplies - Fertilizer	 	7,800 	6,500 	2,888 	3,612 	37.03%	
Total Field	 	204,019	171,170	137,416 	33,754	67.35%	

Parks and Recreation - General		
ProfServ-Wildlife Management Service	16,800	14,000	16,340	(2,340)	97.26%	
Misc-Contingency	 	14,995 	12,496 	14,957 	(2,461) 	99.75%	
Total Parks and Recreation - General	 	31,795 	26,496 	31,297 	(4,801) 	98.43%	
Reserves		
Capital Reserve	 	24,940 	24,940 	- 	24,940 	0.00%	
Total Reserves	 	24,940 	24,940 	- 	24,940 	0.00%	
TOTAL EXPENDITURES & RESERVES	478,443	406,499	339,955	66,544	71.05%	

Excess (deficiency) of revenues Over (under) expenditures	

-	

71,944	

146,290	

74,346	

0.00%	

OTHER FINANCING SOURCES (USES)						

Interfund Transfer - In	
-	
-	
120,129	
120,129	
0.00%	
TOTAL FINANCING SOURCES (USES)	-	-	120,129	120,129	0.00%	

Net change in fund balance	
$	-	
$	71,944	
$	266,419	
$	194,475	
0.00%	

FUND BALANCE, BEGINNING (OCT 1, 2018)	
265,886	
265,886	
265,886			
FUND BALANCE, ENDING	  $	265,886 	$	337,830	$	532,305			

3

Community Development District	Series 2006 Debt Service Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending July 31, 2019

ACCOUNT DESCRIPTION	ANNUAL ADOPTED
BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE ACTUAL	
VARIANCE ($) FAV(UNFAV)	YTD ACTUAL AS A % OF
ADOPTED BUD	

REVENUES						
Interest - Investments	$	350	$	292	$	1,170	$	878	334.29%	
Special Assmnts- Tax Collector	455,697	455,697	455,630	(67)	99.99%	
Special Assmnts- CDD Collected	172,182	172,182	172,182	-	100.00%	
Special Assmnts- Discounts	(18,228)	(18,228)	(16,984)	1,244	93.18%	
TOTAL REVENUES	610,001	609,943	611,998	2,055	100.33%	

EXPENDITURES						

Administration						
Misc-Assessmnt Collection Cost	 	9,114 	9,114 	8,773 	341 	96.26%	
Total Administration	 	9,114	9,114	8,773 	341	96.26%	

Debt Service		
Principal Debt Retirement	215,000	215,000	215,000	-	100.00%	
Principal Prepayments	-	-	200,000	(200,000)	0.00%	
Interest Expense	 	389,610 	389,610 	384,060 	5,550 	98.58%
Total Debt Service	 	604,610 	604,610 	799,060 	(194,450) 	132.16%

TOTAL EXPENDITURES	613,724	613,724	807,833	(194,109)	131.63%	

Excess (deficiency) of revenues Over (under) expenditures	

(3,723)	

(3,781)	

(195,835)	

(192,054)	

n/a	

OTHER FINANCING SOURCES (USES)						

Contribution to (Use of) Fund Balance	
(3,723)	
-	
-	
-	
0.00%	
TOTAL FINANCING SOURCES (USES)	(3,723)	-	-	-	0.00%	

Net change in fund balance	
$	(3,723)	
$	(3,781)	
$	(195,835)	
$	(192,054)	
n/a	

FUND BALANCE, BEGINNING (OCT 1, 2018)	
621,491	
621,491	
621,491			
FUND BALANCE, ENDING	  $	617,768 	$	617,710	$	425,656			

4

Cordoba Ranch Community Development District

Supporting Schedules July 31, 2019

Non-Ad Valorem Special Assessments - CDD Collected (Monthly Collection Distributions)
For the Fiscal Year Ending September 30, 2019

	ALLOCATION BY FUND	
Date	Net Amount
Received	Received	Gross Amount	General Fund	Debt Service Series 2006
Fund	

Assessments Levied FY 201  $	307,307	
$ 135,125	
$	172,182	
Allocation %	100%	44%	56%	

11/21/18	$	86,091   $	86,091		
$	86,091	
11/21/18	67,563	67,563	67,563		
01/29/19	43,046	43,046		43,046	
01/29/19	33,781	33,781	33,781		
04/23/19	43,046	43,046		43,046	
04/23/19	33,781	33,781	33,781		
TOTAL	$	307,307   $	307,307	$ 135,125	$	172,182	

TOTAL OUTSTANDING	-	-	-

% COLLECTED	100%	100%	100%

5

Non-Ad Valorem Special Assessments - Hillsborough Tax Collector (Monthly Collection Distributions)
For the Fiscal Year Ending September 30, 2019

	ALLOCATION BY FUND	
Date Received	Net Amount Received	Discount / (Penalties) Amount	Collection Cost	
Gross Amount	
General Fund	Series 2006 Debt Service Fund	

Assessments Levied FY 2019			
$	813,320	
$	357,623	
$	455,697	
Allocation %			100%	44%	56%	

11/07/18	
5,021	
182	
102	
5,305	
2,333	
2,973	
11/16/18	22,505	957	459	23,921	10,518	13,403	
11/26/18	48,761	2,073	995	51,829	22,790	29,040	
12/07/18	611,387	25,994	12,477	649,858	285,747	364,111	
01/07/19	37,953	1,185	775	39,913	17,550	22,363	
02/06/19	11,487	239	234	11,961	5,259	6,701	
03/07/19	11,604	-	237	11,841	5,207	6,634	
04/08/19	7,840	-	160	8,000	3,518	4,482	
05/07/19	1,032	(31)	21	1,022	450	573	
06/14/19	9,640	(286)	197	9,550	4,199	5,351	
TOTAL	$	767,229	$	30,313	$	15,658	$	813,200	$	357,570	$	455,630	

% COLLECTED	99.99%	99.99%	99.99%	
TOTAL OUTSTANDING	$	120	$	53	$	67	

6

Community Development District

Cash & Investment Report July 31, 2019

ACCOUNT NAME	BANK NAME	YIELD	BALANCE

OPERATING FUND

Checking General fund	Centerstate Bank	N/A	$	138,741	
Money Market Account	Bank United	1.75%	$	391,875	
		Subtotal	 	530,616 	

DEBT SERVICE AND CAPITAL PROJECT FUNDS

Series 2006 Prepayment Account	US Bank	0.03%	$	1,940	
Series 2006 Reserve Account	US Bank	0.03%	$	234,267	
Series 2006 Revenue Account	US Bank	0.03%	$	184,048	
		Subtotal	 	420,255 	
		Total	  $	950,871 	

7

Agenda Page 19
CORDOBA RANCH
Community Development District

Payment Register by Fund
For the Period from 7/1/2019 to 7/31/2019 (Sorted by Check / ACH No.)

Fund No.	Check / ACH No.	
Date	
Payee	
Invoice No.	
Payment Description	
Invoice / GL Description	
G/L Account #	Amount Paid	

GENERAL FUND - 001

001	2571	07/03/19	STATE WILDLIFE TRAPPER	1238	JUNE HOG REMOVAL SRV	ProfServ-Wildlife Management Service	531074-57201	$1,585.00	
001	2572	07/03/19	F. PETER WILLIAMS	062519	6/25/19 BRD MTG ATTENDED	P/R-Board of Supervisors	511001-51101	$200.00	
001	2573	07/09/19	STRALEY ROBIN VERICKER	17232	GEN COUNSEL THRU 6/15/19	ProfServ-Legal Services	531023-51301	$325.00	
001	2574	07/09/19	V GLOBAL TECH	1305	WEB MAINT	Misc-Web Hosting	549915-51301	$75.00	
001	2575	07/09/19	FEDEX	6-593-40538	JUNE POSTAGE4	Postage and Freight	541006-51301	$90.70	
001	2576	07/09/19	ENVERA SYSTEMS	681503	AUG GATE MONITORING/RESIDENTS ADDED	Contracts-Security Services	534037-52901	$1,503.00	
001	2577	07/09/19	SSS DOWN TO EARTH OPCO LLC	39812	5/17/19 VACAN LOT MOWING	Contracts-Landscape	534050-53901	$195.00	
001	2578	07/11/19	AQUAGENIX	4055824	JULY AQUATIC MAINT	Contracts-Aquatic Control	534067-53801	$1,034.00	
001	2579	07/11/19	STANTEC CONSULTING SERVICES	1531748	GEN ENGINEERING THRU 6/21/19	ProfServ-Engineering	531013-51501	$680.00	
001	2580	07/16/19	BRB CONSTRUCTION & CONSULTING	125	STORMWATER STRUCTURE CLEAN OUT	Misc-Contingency	549900-53801	$6,500.00	
001	2581	07/18/19	AQUAGENIX	4056544	TWO LED BULBS AND GASKET ASSEMBLIES	Contracts-Aquatic Control	534067-53801	$723.52	
001	2582	07/18/19	AQUAGENIX	4056459	FNTN LIGHT CABLE SO FNTN	Contracts-Aquatic Control	534067-53801	$887.93	
001	2583	07/18/19	AQUAGENIX	4050745	CHECK ON SO FNTN LIGHT SYSTEM	R&M-Fountain	546032-53801	$250.00	
001	2584	07/18/19	SSS DOWN TO EARTH OPCO LLC	41104	JULY LANDSCAPE MAINT	Contracts-Landscape	534050-53901	$9,582.84	
001	2585	07/22/19	ARMSTRONG ENVIRONMENTAL SVC	12723	6/27/19 WETLAND/MIT MAINT	Contracts-Aquatic Control	534067-53801	$850.00	
001	2586	07/22/19	SSS DOWN TO EARTH OPCO LLC	41369	JUNE TURF FERTILIZATION	Contracts-Landscape	534050-53901	$852.00	
001	2587	07/25/19	AQUAGENIX	4051932	5400 CLUBRUSH & PICKERELWEED	Impr - Aquatic Plants	563029-53801	$5,022.00	
001	2588	07/25/19	STATE WILDLIFE TRAPPER	1248	JULY HOG REMOVAL SERVICE	ProfServ-Wildlife Management Service	531074-57201	$1,400.00	
001	2589	07/25/19	SSS DOWN TO EARTH OPCO LLC	41962	IRR REPRS	R&M-Irrigation	546041-53901	$622.67	
001	2590	07/31/19	INFRAMARK, LLC	42866	JULY MGMNT SERVICES	ProfServ-Mgmt Consulting Serv	531027-51301	$3,875.00	
001	2590	07/31/19	INFRAMARK, LLC	42866	JULY MGMNT SERVICES	Printing and Binding	547001-51301	$40.30	
001	2590	07/31/19	INFRAMARK, LLC	42866	JULY MGMNT SERVICES	Postage and Freight	541006-51301	$6.50	
001	2591	07/31/19	ENVERA SYSTEMS	682141	7/1-8/31/19 SERVICE	Contracts-Security Services	534037-52901	$20.00	
001	2592	07/31/19	SSS DOWN TO EARTH OPCO LLC	42402	IRRIGATION REPAIRS AFTER INSPECTION REPR	R&M-Irrigation	546041-53901	$181.01	
001	4014	07/24/19	CORDOBA RANCH CDD	07242019-4970	XFER TO CENTERSTATE BANK #9280	Cash with Fiscal Agent	103000	$120,000.00	
001	DD01330	07/15/19	TAMPA ELECTRIC - ACH	062419ACH	5/22-6/20/19 ELEC ACH	Utility - General	543001-53100	$567.97	
001	DD01330	07/15/19	TAMPA ELECTRIC - ACH	062419ACH	5/22-6/20/19 ELEC ACH	Electricity - Streetlighting	543013-53100	$5,282.47	
001	DD01331	07/15/19	FRONTIER - ACH	062219-5795 ACH	6/22-7/21/19 SRV ACH	239-177-5795	543001-53100	$140.98	
							Fund Total	$162,492.89	

							Total Checks Paid	$162,492.89	

8

2C.

Notice of Public Meeting Dates
Cordoba Ranch Community Development District

The Board of Supervisors of the Cordoba Ranch Community Development District will hold their regular monthly meetings for Fiscal Year 2019/2020 at the Cordoba Ranch Model Center located at 2516 Cordoba Ranch Blvd. Lutz, FL 33559 at 9:30 a.m. as follows:

October 22, 2019
November 26, 2019
December 17, 2019 (third Tuesday)
January 28, 2020
February 25, 2020
March 24, 2020
April 28, 2020
May 26, 2020
June 23, 2020
July 28, 2020
August 25, 2020 (Budget Public Hearing)
September 22, 2020

There may be occasions when one or more Supervisors will participate by telephone. At the above location will be present a speaker telephone so that any interested person can attend the meeting at the above location and be fully informed of the discussions taking place either in person or by telephone communication. Any meeting may be continued to a date, time, and place approved by the Board on the record at the meeting without additional publication of notice.
Any person requiring special accommodations at these meetings because of a disability  or physical impairment should contact the District Manager’s Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.
Each person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that person may need to ensure that a verbatim  record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Andrew P. Mendenhall, PMP District Manager

Third Order of Business

CORDOBA RANCH
Community Development District

Annual Operating and Debt Service Budget
Fiscal Year 2020

Modified Tentative Budget
08.13.2019

Prepared by:

CORDOBA RANCH

Community Development District
Table of Contents

Page #

OPERATING BUDGET

General Fund
Summary of Revenues, Expenditures and Changes in Fund Balances	1-2
Exhibit A - Allocation of Fund Balances ………………………………………………………………….	3
Budget Narrative	4-7
DEBT SERVICE BUDGETS
Series 2006
Summary of Revenues, Expenditures and Changes in Fund Balances ……………………………..	8
Amortization Schedule ……………………………………………………………………………………..	9
Budget Narrat…ive 	10
SUPPORTING BUDGET SCHEDULES
2019-2020 Non-Ad Valorem Assessment Summary	11

Cordoba Ranch
Community Development District

Operating Budget
Fiscal Year 2020

Summary of Revenues, Expenditures and Changes in Fund Balances
FY 2020 Modified Tentative Budget

	ADOPTED	ACTUAL	PROJECTED	TOTAL	ANNUAL	
	ACTUAL	ACTUAL	ACTUAL	BUDGET	THRU	AUG -	PROJECTED	BUDGET	
ACCOUNT DESCRIPTION	FY 2016	FY 2017	FY 2018	FY 2019	JUL-2019	SEP-2019	FY 2019	FY 2020	

REVENUES									
Interest - Investments	$	269	$	12	$	2,829	$	-	$	6,035	$	-	$	6,035	$	2,500	
Interest - Tax Collector	-	63	341	-	181	-	181	-	
Special Assmnts- Tax Collector	291,575	323,377	357,624	357,623	357,570	54	357,624	357,623	
Special Assmnts- CDD Collected	128,587	119,389	135,126	135,125	135,125	1	135,126	135,125	
Special Assmnts- Discounts	-	(13,801)	(13,863)	(14,305)	(13,329)	-	(13,329)	(14,305)	
Gate Bar Code/Remotes	-	947	1,265	-	663	-	663		
TOTAL REVENUES	420,992	434,666	483,322	478,443	486,245	54	486,299	480,943	

EXPENDITURES
Administrative

P/R-Board of Supervisors		1,800	1,400	2,400	1,000	1,400	2,400	2,400	
ProfServ-Arbitrage Rebate	2,300	-	-	500	-	500	500	500	
ProfServ-Dissemination Agent	5,000	-	5,000	5,000	5,000	-	5,000	5,000	
ProfServ-Engineering	8,488	7,360	4,143	7,500	6,160	1,340	7,500	7,500	
ProfServ-Legal Services	10,244	6,676	5,744	7,000	2,353	4,647	7,000	7,000	
ProfServ-Mgmt Consulting Serv	20,721	23,500	45,320	46,500	38,750	7,750	46,500	46,500	
ProfServ-Trustee Fees	3,203	2,424	4,041	3,500	2,424	-	2,424	3,500	
Auditing Services	3,300	3,423	3,500	3,500	1,000	2,500	3,500	3,500	
Postage and Freight	-	1,104	942	1,000	576	424	1,000	1,000	
Public Officials Insurance	1,850	1,405	2,035	2,239	1,850		1,850	2,463	
Printing and Binding	-	965	736	600	598	2	600	600	
Legal Advertising	976	3,101	1,006	3,500	988	2,512	3,500	3,500	
Misc-Assessmnt Collection Cost	-	4,693	1,774	7,152	6,885	267	7,152	7,152	
Misc-Web Hosting	770	835	750	900	750	150	900	900	
Annual District Filing Fee	175	200	200	175	175	-	175	175	
Total Administrative	86,627	77,986	76,591	91,466	68,509	21,492	90,001	91,690	

Other Public Safety

Contracts-Security Camera	1,375	1,490	2,530	2,500	2,083	417	2,500	2,500	
Contracts-Security Services	16,879	14,289	14,991	13,608	11,922	2,268	14,190	13,608	
Communication-Telephone	-	1,772	1,618	1,644	1,398	246	1,644	2,000	
R&M-Gate	335	-	290	600	-	-	-	4,800	
Total Other Public Safety	18,589	17,551	19,429	18,352	15,403	2,931	18,334	22,908	

Electric Utility Services									
Utility - General	7,820	6,380	7,591	7,800	6,089	1,200	7,289	7,800	
Electricity - Streetlighting	58,538	61,932	63,145	63,528	52,460	10,588	63,048	63,528	
Total Electric Utility Services	66,358	68,312	70,736	71,328	58,549	11,788	70,337	71,328	

Flood Control/Stormwater Mgmt
Contracts-Aquatic Control	

13,968	

12,408	

12,648	

12,408	

13,331	

2,666	

15,997	

12,408	
R&M-Fountain	960	1,059	720	1,000	250	1,000	1,250	2,000	
R&M-Mitigation	15,455	9,350	11,680	11,460	7,650	1,530	9,180	11,460	
R&M Lake & Pond	9,750	3,600	5,494	6,675	2,528	506	3,034	10,000	
Impr - Aquatic Plants	840	5,132	-	5,000	5,022	-	5,022	5,000	
Total Flood Control/Stormwater Mgmt	40,973	31,549	30,542	36,543	28,781	5,702	34,483	40,868	

Annual Operating and Debt Service Budget
Fiscal Year 2020	1

Summary of Revenues, Expenditures and Changes in Fund Balances
FY 2020 Modified Tentative Budget

				ADOPTED	ACTUAL	PROJECTED	TOTAL	ANNUAL	
	ACTUAL	ACTUAL	ACTUAL	BUDGET	THRU	AUG -	PROJECTED	BUDGET	
ACCOUNT DESCRIPTION	FY 2016	FY 2017	FY 2018	FY 2019	JUL-2019	SEP-2019	FY 2019	FY 2020	

Field									
Contracts-Landscape	113,051	114,994	120,626	114,994	96,680	19,336	116,016	114,994	
Insurance - Property	1,434	1,434	1,488	1,735	1,242	-	1,242	1,909	
Insurance - General Liability	2,250	2,058	2,264	2,490	2,250	-	2,250	2,739	
R&M-Entry Feature	-	-	-	200	-	2,000	2,000	2,000	
R&M-Irrigation	2,566	8,806	1,543	9,000	6,014	1,203	7,217	9,000	
R&M-Pest Control	-	3,449	4,469	3,200	2,649	618	3,267	4,200	
R&M-Plant Replacement	20,722	9,774	8,681	15,000	-	7,500	7,500	15,000	
R&M-Well Maintenance	-	550	-	5,000	-	2,500	2,500	5,000	
R&M-Annuals	-	18,690	9,345	19,000	9,345	9,655	19,000	19,000	
R&M-Mulch	-	11,760	-	23,100	14,700	8,400	23,100	23,100	
Misc-Contingency	-	150	-	-	-	-	-	14,995	
Holiday Lighting & Decorations	-	2,200	2,500	2,500	2,500	-	2,500	2,500	
Op Supplies - Fertilizer	-	5,490	5,168	7,800	2,036	5,764	7,800	7,800	
Capital Reserves	-	-	-	-	-	-	-	24,940	
Total Field	144,023	179,475	156,084	204,019	137,416	56,975	194,391	247,177	

Road and Street Facilities
Utility - Gatehouse	1,600	

-	

-	

-	

-	

-	

-	

-	
Total Road and Street Facilities	1,600	-	-	-	-	-	-	-	

Parks and Recreation - General
ProfServ-Wildlife Management Service	14,695	

14,400	

17,135	

16,800	

16,340	

460	

16,800	

16,800	
Miscellaneous Services	4,365	27,479	4,205	14,995	14,957	2,991	17,948	7,500	
Total Parks and Recreation - General	19,060	41,879	21,340	31,795	31,297	3,451	34,748	24,300	

Reserves
Capital Reserves	-	

-	

-	

24,940	

-	

-	

-	

-	
Total Reserves	-	-	-	24,940	-	-	-	-	
								
TOTAL EXPENDITURES & RESERVES	377,230	416,752	374,722	478,443	339,955	102,339	442,294	498,271	

Excess (deficiency) of revenues
Over (under) expenditures	43,762	

17,914	

108,600	

-	

146,290	

(102,285)	

(44,005)	

(17,328)	

OTHER FINANCING SOURCES (USES)
Interfund Transfer - In	

-	

-	

-	

120,129	

-	

120,129	

-	
Contribution to (Use of) Fund Balance	-	-	-	-	-	-	-	(17,328)	
TOTAL OTHER SOURCES (USES)	-	-	-	-	120,129	-	120,129	(17,328)	

Net change in fund balance	43,762	
17,914	
108,600	
-	
266,419	
(102,285)	
76,124	
(17,328)	

FUND BALANCE, BEGINNING	95,609	
139,372	
157,286	
265,886	
265,886	
-	
265,886	
342,010	

FUND BALANCE, ENDING	 $    139,371    $  157,286    $    265,886    $   265,886    $  532,305    $    (102,285)   $	342,010    $	324,682 

Annual Operating and Debt Service Budget
Fiscal Year 2020	2

Community Development District
Exhibit "A"
Allocation of Fund Balances

AVAILABLE FUNDS		
	Amount	
Beginning Fund Balance - Fiscal Year 2020	$	342,010	
Net Change in Fund Balance - Fiscal Year 2020	(17,328)	
Reserves - Fiscal Year 2020	24,940	
Total Funds Available (Estimated) - 9/30/2020	349,622	

ALLOCATION OF AVAILABLE FUNDS

Assigned Fund Balance		
Operating Reserve - First Quarter Operating Capital
Reserve Previous years	
70,129	124,568	
Capital Reserve FY 2019	24,940		
Capital Reserve FY 2020	24,940	120,009	
			
	Subtotal	244,577	
			
Total Allocation of Available Funds		244,577	
			
Total Unassigned (undesignated) Cash		$	105,045	

(1)

Notes
(1) Represents approximately 3 months of operating expenditures

Annual Operating and Debt Service Budget
Fiscal Year 2020	3

Budget Narrative
Fiscal Year 2020

REVENUES

Interest-Investments
The District earns interest on the monthly average collected balance for their operating account.

Special Assessments-Tax Collector
The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year.

Special Assessments-Discounts
Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount  for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.

Other Miscellaneous Revenue
The District receives other miscellaneous revenue.

Gate Bar Code/Remotes
The District receives amounts for gate bar codes and gate remotes that operate the gates of the District.

EXPENDITURES

Administrative

P/R-Board of Supervisors
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting at which they are in attendance. The amount for the Fiscal Year is based upon all supervisors attending all of the meetings.

Professional Services - Arbitrage Rebate Calculation
The District has a proposal with a company who specializes to calculate the District's Arbitrage Rebate Liability on the Series of Benefit Special Assessment Bonds. The budgeted amount for the fiscal year is based on standard fees charged for this service.

Professional Services - Dissemination Agent
The District is required by the Securities and Exchange Commission to comply with Rule 15c2-12(b)-(5), which relates to additional reporting requirements for unrelated bond issues. The budgeted amount for the fiscal year is based on  standard fees charged for this service.

Professional Services-Engineering
The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested, review of invoices, and other specifically requested assignments.

Professional Services-Legal Services
The District’s Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research as directed or requested by the Board of Supervisors and the District Manager.

Annual Operating and Debt Service Budgets Fiscal Year 2020
4

Budget Narrative
Fiscal Year 2020

EXPENDITURES

Administrative (continued)

Professional Services-Management Consulting Services
The District receives Management, Field Services, Accounting, Assessment and Administrative services as part of a Management Agreement with Inframark - Infrastructure Management Services. Also included are costs for Information Technology charges to process all of the District’s financial activities, i.e. accounts payable, financial statements, budgets, etc., on a main frame computer owned by Inframark in accordance with the management contract and the charge for rentals.

Professional Services – Trustee Fees
The District issued this Series of 2013 Capital Improvement Revenue Bonds that are deposited with a Trustee to handle all trustee matters. The annual trustee fee is based on standard fees charged plus any out-of-pocket expenses.

Auditing Services
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on the engagement letter from Grau not to exceed $3,500.

Postage and Freight
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Public Official Insurance
The District's Public Officials Liability Insurance policy is with Florida Insurance Alliance Inc. They specialize in providing insurance coverage to governmental agencies. The budgeted amount allows for a projected increase in the premium.

Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.

Miscellaneous-Assessment Collection Costs
The District reimburses the Pasco County Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The fiscal year budget for collection costs is based on a maximum of 2% of the anticipated Non-Ad Valorem assessment collections.

Miscellaneous-Web Hosting
The District is mandated to post on the internet the approved and adopted budgets, minutes and audits per State requirements.

Annual District Filing Fee
The District is required to pay an annual fee of $175 to the Department of Community Affairs.

Annual Operating and Debt Service Budgets Fiscal Year 2020
5

Budget Narrative
Fiscal Year 2020

EXPENDITURES

Other Public Safety

Contracts- Security Camera
The District has a contract with Envera Systems Inc. for monitoring the security cameras and maintenance.

Contracts- Security Service
The District has a contract with Envera Systems Inc. for monitoring the security access and additional patrol by the Sheriff’s Office on an as needed basis.

Communication-Telephone
This is for the gate telephone usage by the District with Fronteir.

R&M-Gate
This includes the repairs and maintenance of the Districts Gate.

 Electric Utility Services

Utility-General
This is for the electric utility services for the irrigation timers, lift station pumps, fountains, etc.

Electricity-Streetlighting
This is for the electric for the streetlights.

Flood Control/ Stormwater Management

Contracts-Aquatic Control
The District has a contract for the monthly care and maintenance of the lakes and ponds with Aquagenix for $1,034 per month.

R&M-Fountain
This is for the repairs and maintenance of the fountains throughout the Parks and Recreational areas.

R&M-Mitigation
This is for monitoring the water level and vegetation of the lakes and wetland of the District.

R&M-Lake & Pond
This is for any maintenance required for the lakes and Ponds of the District.

Impr - Aquatic Plants
This is for any improvement required for the aquatic plants of the District.

Field

Contracts-Landscape
The District currently has a contract with Vivicon for landscaping that includes general mowing, edging and maintenance with a monthly fee $9,582.84.

Annual Operating and Debt Service Budgets Fiscal Year 2020
6

Budget Narrative
Fiscal Year 2020

EXPENDITURES

Insurance – Property
This is for the property insurance for the items owned by the District.

Insurance – General Liability
This is for the general liability insurance for the items owned by the District.

R&M-Entry Feature
This is for the repairs and maintenance of the entry monuments and fencing.

R&M-Irrigation
This is for the repairs and maintenance of the irrigation system of the District.

R&M-Pest Control
This is for pest control and ant treatments in the District.

R&M-Plant Replacement
This is for the landscape replacement including turf, trees, shrubs, etc. around the District.

R&M-Well Maintenance
This is for well maintenance throughout the District.

R&M-Annuals
This is for the installation of the annual flowers around the District.

R&M-Mulch
This is for mulch installation throughout the District.

Miscellaneous-Contingency
This is for any miscellaneous fees or services that may arise around the District.

Holiday Lighting & Decorations
This is for the decorations that will be displayed around the District during the Holidays.

Op Supplies - Fertilizer
This includes fertilizer and miscellaneous supplies needed for the District.

Parks and Recreation

ProfServ-Wildlife Management Service
Hog removal services by Jerry Richardson for $1,400 per month.

Miscellaneous-Services
This is for any miscellaneous fees or services that may arise around the District

Reserves

Capital Reserves
This is capital reserves for any expenses that may arise around the District.
Annual Operating and Debt Service Budgets Fiscal Year 2020
7

Cordoba Ranch
Community Development District

Debt Service Budget
Fiscal Year 2020

Summary of Revenues, Expenditures and Changes in Fund Balances
FY 2020 Modified Tentative Budget

	ADOPTED	ACTUAL	PROJECTED	TOTAL	ANNUAL	
	ACTUAL	ACTUAL	ACTUAL	BUDGET	THRU	AUG -	PROJECTED	BUDGET	
ACCOUNT DESCRIPTION	FY 2016	FY 2017	FY 2018	FY 2019	JUL-2019	SEP-2019	FY 2019	FY 2020	

REVENUES

Interest - Investments	$	352	$	1,020	$	1,508	$	350	$	1,170	$	820	$	1,990	$	350	
Special Assmnts- Tax Collector	428,355	455,714	455,698	455,697	455,630	$	67	455,697	455,697	
Special Assmnts- CDD Collected	172,182	172,182	172,182	172,182	172,182	$	-	172,182	172,182	
Special Assmnts- Discounts	-	(17,567)	(17,665)	(18,228)	(16,984)	$	-	(16,984)	(18,228)	

TOTAL REVENUES	600,889	611,349	611,723	610,001	611,998	887	612,885	610,001

EXPENDITURES
Administrative

Misc-Assessmnt Collection Cost	-	5,993	8,763	9,114	8,773	$	(12)	8,761	9,114	
Total Administrative	-	5,993	8,763	9,114	8,773	(12)	8,761	9,114	

Debt Service

Principal Debt Retirement	180,000	190,000	205,000	215,000	215,000	215,000	220,000	
Principal Prepayments					200,000	200,000		
Interest Expense	421,523	411,533	400,988	389,610	384,060	384,060	366,855	
Total Debt Service	601,523	601,533	605,988	604,610	799,060	-	799,060	586,855	
								
TOTAL EXPENDITURES	601,523	607,526	614,751	613,724	807,833	(12)	807,821	595,969	

Excess (deficiency) of revenues
Over (under) expenditures	(634)	

3,823	

(3,028)	

(3,723)	

(195,835)	

899	

(194,936)	

14,032	

OTHER FINANCING SOURCES (USES)
Interfund Transfer - In	-	

-	

2,224	

-	

-	

-	

-	

-	
Contribution to (Use of) Fund Balance	-	3,823	-	(3,723)	-	-	-	14,032	
TOTAL OTHER SOURCES (USES)	-	3,823	2,224	(3,723)	-	-	-	14,032	

Net change in fund balance	(634)	
3,823	
(804)	
(3,723)	
(195,835)	
899	
(194,936)	
14,032	

FUND BALANCE, BEGINNING	619,104	
618,471	
622,295	
621,491	
621,491	
-	
621,491	
426,555	
FUND BALANCE, ENDING	$ 618,470	$ 622,294	$ 621,491	$ 617,768	$ 425,656	$	899	$ 426,555	$ 440,587	

Annual Operating and Debt Service Budget
Fiscal Year 2020	8

AMORTIZATION SCHEDULE
Capital Improvement Revenue Bonds

Date	
Outstanding Balance	

Principal	
Extraordinary Redemption	

Coupon	

Interest	
Debt Service	Annual Debt
Service	
								
11/1/2019	$6,610,000			5.55%	$183,428	$183,428		
5/1/2020	$6,610,000	$220,000		5.55%	$183,428	$403,428	$586,855	
11/1/2020	$6,390,000			5.55%	$177,323	$177,323		
5/1/2021	$6,390,000	$235,000		5.55%	$177,323	$412,323	$589,645	
11/1/2021	$6,155,000			5.55%	$170,801	$170,801		
5/1/2022	$6,155,000	$245,000		5.55%	$170,801	$415,801	$586,603	
11/1/2022	$5,910,000			5.55%	$164,003	$164,003		
5/1/2023	$5,910,000	$260,000		5.55%	$164,003	$424,003	$588,005	
11/1/2023	$5,650,000			5.55%	$156,788	$156,788		
5/1/2024	$5,650,000	$275,000		5.55%	$156,788	$431,788	$588,575	
11/1/2024	$5,375,000			5.55%	$149,156	$149,156		
5/1/2025	$5,375,000	$290,000		5.55%	$149,156	$439,156	$588,313	
11/1/2025	$5,085,000			5.55%	$141,109	$141,109		
5/1/2026	$5,085,000	$305,000		5.55%	$141,109	$446,109	$587,218	
11/1/2026	$4,780,000			5.55%	$132,645	$132,645		
5/1/2027	$4,780,000	$325,000		5.55%	$132,645	$457,645	$590,290	
11/1/2027	$4,455,000			5.55%	$123,626	$123,626		
5/1/2028	$4,455,000	$345,000		5.55%	$123,626	$468,626	$592,253	
11/1/2028	$4,110,000			5.55%	$114,053	$114,053		
5/1/2029	$4,110,000	$360,000		5.55%	$114,053	$474,053	$588,105	
11/1/2029	$3,750,000			5.55%	$104,063	$104,063		
5/1/2030	$3,750,000	$380,000		5.55%	$104,063	$484,063	$588,125	
11/1/2030	$3,370,000			5.55%	$93,518	$93,518		
5/1/2031	$3,370,000	$405,000		5.55%	$93,518	$498,518	$592,035	
11/1/2031	$2,965,000			5.55%	$82,279	$82,279		
5/1/2032	$2,965,000	$430,000		5.55%	$82,279	$512,279	$594,558	
11/1/2032	$2,535,000			5.55%	$70,346	$70,346		
5/1/2033	$2,535,000	$455,000		5.55%	$70,346	$525,346	$595,693	
11/1/2033	$2,080,000			5.55%	$57,720	$57,720		
5/1/2034	$2,080,000	$475,000		5.55%	$57,720	$532,720	$590,440	
11/1/2034	$1,605,000			5.55%	$44,539	$44,539		
5/1/2035	$1,605,000	$505,000		5.55%	$44,539	$549,539	$594,078	
11/1/2035	$1,100,000			5.55%	$30,525	$30,525		
5/1/2036	$1,100,000	$535,000		5.55%	$30,525	$565,525	$596,050	
11/1/2036	$565,000			5.55%	$15,679	$15,679		
5/1/2037	$565,000	$565,000		5.55%	$15,679	$580,679	$596,358	
		$6,610,000			$4,023,195	$10,633,195	$10,633,195	

Annual Operating and Debt Service Budget
Fiscal Year 2020	9

CORDOBA RANCH
Community Development District	2006 Debt Service Fund

Budget Narrative
Fiscal Year 2020

REVENUES

Interest-Investments
The District earns interest income on its trust accounts with US Bank.

Special Assessments-Tax Collector
The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the debt service expenditures during the fiscal year.

Special Assessments-Discounts
Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.

EXPENDITURES

Expenditures - Administrative

Miscellaneous-Assessment Collection Cost
The District reimburses the St. Johns County Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The fiscal year budget is based on a maximum of 2% of the anticipated assessment collections.

Expenditures – Debt Service

Debt Retirement
The District pays regular principal payments annually in order to pay down/retire the debt.

Interest Expense
The District pays interest expense on the debt twice during the year.

Annual Operating and Debt Service Budgets Fiscal Year 2020
10

Cordoba Ranch
Community Development District

Supporting Budget Schedules
Fiscal Year 2020

CORDOBA RANCH
Community Development District

All Funds

Comparison of Non-Ad Valorem Assessment Rates Fiscal Year 2020 vs. Fiscal Year 2019

0
prepaid lots
General Fund	Debt Service	Total Assessments per Unit	

Units	

FY 2020	
FY 2019	Percent
Change	
FY 2020	
FY 2019	Percent
Change	
FY 2020	
FY 2019	Percent
Change		

$1,753.05	
$1,753.05	
0.00%	
$2,233.81	
$2,233.81	
0.0%	
$3,986.86	
$3,986.86	
0.0%	
286	

Annual Operating and Debt Service Budget
Fiscal Year 2020	11

3A.

RESOLUTION 2019-4

A RESOLUTION OF THE CORDOBA RANCH COMMUNITY DEVELOPMENT DISTRICT (THE “DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS OF THE DISTRICT AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1,  2019;  AND  ENDING  SEPTEMBER 30, 2020; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2019, submitted to the Board of Supervisors (the "Board") a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the Cordoba Ranch Community Development District (the “District”), pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget and any proposed long-term financial plan or program of the District for future operations (the "Proposed Budget”) the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set August 27, 2019, at 9:30 a.m. as the date and time for a public hearing thereon, and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1 of each year, the District Board by passage of the Annual Appropriation Resolution shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared the Proposed Budget projecting the cash receipts and disbursements anticipated during the fiscal year period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year; and

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF CORDOBA RANCH COMMUNITY DEVELOPMENT DISTRICT;

Section 1.	The foregoing recitals are true and correct and are incorporated herein by this reference.

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Section 2.	Budget

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Treasurer and the office of the Recording Secretary, and is attached to this resolution, and hereby approves the Proposed Budget together with any amendments thereto, as shown below.

The Proposed Budget, as amended and attached hereto as Exhibit A, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes, and incorporated herein by reference; provided, however, that the comparative figures contained in the adopted budget may be revised subsequently as deemed necessary by the District Manager to reflect actual revenues and expenditures for the Fiscal Year 2018/2019 and/or revised projections for Fiscal Year 2019/2020.

The adopted budget shall be maintained in the office of the District Treasurer and the District Recording Secretary and identified as "The Budget for the Cordoba Ranch Community Development District for the Fiscal Year Ending September 30, 2020, as Adopted by the Board of Supervisors on August 27, 2019.”

Section 3.	Appropriations

That there shall be, and is hereby appropriated out of the revenues of the District, for the Fiscal Year beginning October 1, 2019, and ending September 30, 2020 the sum of
 	($ 	) to be raised by the levy of assessments and otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$
DEBT SERVICE FUND	$
CAPITAL PROJECTS FUND	$

Total All Funds	$

Section 4. Budget Amendments

Pursuant to Section 189.016, Florida Statutes, the District at any time within the fiscal year or within 60 days following the end of the fiscal year may amend its budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

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The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure  that any budget amendments are in compliance with this Section 4 and Section 189.016, Florida Statutes, and other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget(s) under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption.

Section 5.	Effective Date. This Resolution shall take effect immediately upon adoption.

Introduced, considered favorably, and adopted this 27th day of August, 2019.

CORDOBA RANCH COMMUNITY DEVELOPMENT DISTRICT

Andrew P. Mendenhall	Kelly Evans
Secretary	Chair

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3B.

RESOLUTION 2019-5

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CORDOBA RANCH COMMUNITY DEVELOPMENT DISTRICT LEVYING AND IMPOSING SPECIAL ASSESSMENTS; PROVIDING FOR COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; APPROVING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENT OF THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Cordoba Ranch Community Development District (the “District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Hillsborough County, Florida (the “County”); and

WHEREAS, the District owns and operates various infrastructure improvements and provides certain services in accordance with Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (the “Board”) of the District hereby determines to undertake various operations and maintenance activities described in the District’s budget for fiscal year 2019/2020 (“Operations and Maintenance Budget”), attached hereto as Exhibit A and incorporated as a material part of this Resolution by this reference; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance services and facilities provided by the District as described in the District’s Operations and Maintenance Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, the Board finds that the District's total General Fund operations and maintenance assessments, taking into consideration other revenue sources during Fiscal Year 2019/2020 for operations and maintenance programs, will amount to 	; and

WHEREAS, the Board finds the District’s Debt Service Fund Assessment during Fiscal Year 2019/2020 will amount to 	; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the County Tax Roll and collected by the County Tax Collector (“Uniform Method”); and

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WHEREAS, the District has, by resolution and public notice, previously evidenced its intention to utilize the Uniform Method; and

WHEREAS, the District has approved an agreement with the Hillsborough County Property Appraiser (the “Property Appraiser”) and Hillsborough County Tax Collector (the “Tax Collector”) to provide for the collection of special assessments under the Uniform Method; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments on all assessable lands for operations and maintenance purposes in the amount contained in the Operations and Maintenance Budget; and

WHEREAS, the District desires to levy and collect special assessments reflecting each parcel’s portion of the District’s Operations and Maintenance Budget; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll, as maintained in the office of the District Treasurer and the District Recording Secretary, available for review, and incorporated herein as a material part of this Resolution by this reference (the “Assessment Roll”), and to approve the Assessment Roll on the parcels so designated in the Assessment Roll to the Tax Collector for collection pursuant to the Uniform Method, and to directly collect a portion of the assessments on the parcels so designated in the Assessment Roll through the direct collection method pursuant to Chapter 190, Florida Statutes; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion approved for collection by the Tax Collector, as the Property Appraiser updates the property roll, and as authorized by Florida law.

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

SECTION 1. BENEFIT. The provision of the services, facilities and operations as described in Exhibit A confer a special and peculiar benefits to the lands within the District, which benefits exceed or equal the cost of the assessments. The allocation of assessment costs to the specially benefited lands in the District is shown in Exhibit A and in the Assessment Roll.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapter 190, Florida Statutes,  and using procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operations and maintenance is hereby imposed and levied on benefited lands within the District in accordance with Exhibit A and in the Assessment Roll. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 3. COLLECTION AND DUE DATE.
Uniform Method Assessments. The collection of debt service assessments and operations and maintenance special assessments on a portion of the platted lots and developed

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lands shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibit A and in the Assessment Roll.

Direct Bill Assessments. The annual debt service assessments and the operations and maintenance assessments, on a portion of the undeveloped and unplatted lands will be collected directly by the District in accordance with Florida law, as set forth in Exhibit A and in the Assessment Roll. Assessments directly collected by the District are due in  full  on  December 1, 2019; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments according to the following schedule: 50% due no later than December 1, 2019, 25% due no later than February 1, 2020, and 25% due no later than May 1, 2020. In the event that an assessment is not paid in accordance with the schedule stated above, the whole assessment – including any remaining partial or deferred payments for Fiscal Year 2019/2020, as well as any future installments of special assessments securing debt service – shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the applicable rate of any bonds or other debt instruments secured by the special assessments, or, in the case of operations and maintenance assessments, at the applicable statutory prejudgment interest rate. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170 of the Florida Statutes or other applicable law to collect and enforce the whole assessment, as set forth herein.

Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices. The District certifies all assessments for debt service and operations and maintenance for collection pursuant to Chapters 190 and 197, Florida Statutes. All assessments collected by the Tax Collector shall be due and payable as provided in Chapter 197, Florida Statutes.

SECTION 4. ASSESSMENT ROLL. The District's Assessment Roll is hereby certified and approved.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the property tax roll by the Property Appraiser after the date of this Resolution, and shall amend the District’s Assessment Roll in accordance with any such updates, for such time as authorized by Florida law. After any amendment of the Assessment Roll, the District Manager shall file the updates to the tax roll in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

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SECTION 7. EFFECTIVE DATE.	This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 27th day of August, 2019.

CORDOBA RANCH COMMUNITY DEVELOPMENT DISTRICT

Andrew P. Mendenhall	Kelly Evans
Secretary	Chair

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Fourth Order of Business

Cordoba Ranch CD

Agenda Page 49 Legend

➤

N

2000 ft

8/12/2019

The following report is for August to illustrate what has changed from July and what to expect through August and the coming months. The photos were taken on Tuesday 8-6-19 and
The ponds were treated on Tuesday 8-6-19. Thank you for your business!
Sincerely, Scott Croft Aquagenix

Date: 8/6/19	

Pond #100	
What we found: Water level is still up.
What we did: Treated shoreline for both grasses and Algae.

What to expect Pond to continue to look pretty good.		
Recommendations & Notes: Fountain is sinking and Light is floating off fountain.	

Date: 8/6/19	Pond #110	
What we found: Water level up.

What we did: Treated for grasses.

What to Expect: Pond level to stay up through the summer.		
Notes: This fountain is also sinking. Float may need to be replaced	
Page 1

Date: 8/6/19	
Pond #120	

What we found: Trace of Grass and Algae. Plantings look pretty good.

What we did: Treated both

What to Expect: Plants are filling in		
Recommendations & Notes: Plantings look pretty good	

Date: 8/6/19	Pond #125	
What we found: Good amount of Algae

What we did: Treated the Algae.

What to Expect: This Pond has Submersed and Algae.		
Recommendations & Notes: We are working on this pond.	

Agenda Page 53	
Date: 8/6/19	Pond #126	
What we found: Some Algae. What we did: Treated it.
What to expect Algae will die off		
Date: 8/6/19	Pond #130	
What we found: Some exposed Slender Spikerush

What we did: Treated for it.

What to expect: Exposed Grasses will die off		
Recommendations & Notes: Limited plants were put on this pond.	

Page 2	

Date: 8/6/19	Pond #143A

Agenda Page 54

What we found: Trace of Algae

What we did: Treated for it. What to expect: Algae to die off

Recommendations & Notes:

Page 4
Date: 8/6/19	Pond #143B	
What we found: Trace of Grass What we Did: Treated for it.
What to Expect: Pond to continue to look good		
Recommendations & Notes:	

Date: 8/6/19	Pond #146
What we found: Light Algae What we did: Treated for it. What to expect: Algae to die off

Agenda Page 55

Recommendations & Notes:

Date: 8/6/19	Pond #150
Page 5	
What we found: Light Algae

What we did: Treated for Algae

What to Expect: Algae to die off		

Recommendations & Notes:	

Date: 8/6/19	Pond #170	
What we found: Pond in good shape and water levels up.

What we did: Spot treated for the Grasses.

What to Expect: Pond to continue to look good		

Recommendations & Notes: Fountain in this pond would look very nice	

Page 6
Date: 8/6/19	Pond #180	
What we found: Pond looks pretty good.

What we did: Treated for Algae and grasses

What to expect: Algae and grass and grasses to die off		
Notes: Pond looks pretty good	

Date: 8/6/19	Pond #185	
What we found: Algae

What we did: Treated for it. What to expect: Algae to die off.		
Notes: Water level is up in this pond	

Page 7

Date: 8-6-19	Pond 190A	

What we found: Some Algae

What we did: Treated it.

What to expect: Algae to die off		
Recommendations & Notes:	

Date: 8/6/19	Pond # 190B	
What we found: Trace of Algae and grass.

What we did: Treated it

What to Expect: Algae and grass to die off.		
Recommendations & Notes:	
Page 8

Date: 8/6/19	Pond #200	
What we found: Algae

What we did: Treated Algae

What to expect: Algae to die off.		
Recommendations & Notes: Plants are doing ok.	

Date: 8/6/19	Pond #210	
What we found: A lot of Algae on Littoral Shelfs.

What we did: Treated as best we can with the new plantings

What to expect: Patience with the grasses on Littoral shelfs because we must be careful with treatment.		
Recommendations & Notes: Plants are doing pretty good	

Page 9

Date: 8/6/19	Pond #220	
What we found: Pond level still up.

What we did: Treated Algae

What to expect: Algae to die off.		
Recommendations & Notes: Plants are limited on this pond	

Date: 8/6/19	Pond #230	
What we found: Water level up and plantings doing well

What we did: Spot treated grasses

What to expect: Grasses to die off.		
Recommendations & Notes: Planting are still doing very well.	

Page 10

Date: 8/6/19	Pond #240A	
What we found: Limited Plantings

What we did: Treated grasses

What to expect: Pond level to stay up		
Recommendations & Notes: Limited Plantings	

Date: 8/6/19	Pond #240 B	
What we found: Water level is up

What we did: Treated trace of Algae

What to expect: Pond to continue to look good.		
Recommendations & Notes: Planted around the Outfall structure	

Page 11

Date: 8/6/19	Pond #260	
What we found: Trace of Grasses

What we did: Treated for it

What to expect: Grasses to die off		
Recommendations & Notes: This is an old picture	

Date: 8/6/19	Pond #270A	
What we found: Some Algae and grasses

What we did: Treated for the grasses and spot treat the Spatterdock.

What to expect: Algae and grass to die off		
Recommendations & Notes:	
Page 12

Date: 8/6/19	Pond #270B	
What we found: Algae

What we did: Treated for the grasses

What to expect: Algae to die off		
Recommendations & Notes:	

Date: 8/6/19	Pond #280	
What we found: Light Algae What we did: Treated Algae. What to expect: Algae to die off		
Recommendations & Notes: Plants look pretty good	
	
Page 13

Agenda Page 64
Date: 8/6/19	Pond #290	
What we found: Algae

What we did: Treated the Algae

What to Expect: Algae to die off		
Recommendations & Notes:	

Date: 8/6/19	Pond #300	

What we found: Some Algae What we did: Treated the Algae What to Expect: Algae to die off		
Recommendations & Notes:	

Page 14

Agenda Page 65
Date: 8/6/19	Pond #310	

What we found: Lots of Algae What we did: Treated for the Algae What to expect: Algae will die off		
Recommendations & Notes:	

Date: 8/6/19	Pond #320	

What we found:

What we did:

What to expect:

No Pictures or access this month		
Recommendations & Notes: