Shingle Creek

Community Development District

Agenda

August 6, 2018

A

GE

NDA

Shingle Creek

Community Development District

135

W.

Central Blvd., Suite 320, Orlando, Florida 32801 Phone: 407-841-5524- Fax: 407-839-1526

July 30, 2018

Board

of

Supervisors

Shingle Creek

Community

Development

District

Dear

Board Members:

The will

meeting of the Board of Supervisors be held Monday, August 6, 2018 at

of the Shingle Creek Community Development District 12:00 p.m. at the Oasis Club at ChampionsGate, 1520

Oasis Club meeting:

Blvd., ChampionsGate, Florida.

Following is

the

advance

agenda

for

the

regular

1.

2.

3.

4.

Roll Call

Public Comment Period

Approval of Minutes of the June

Public Hearing

4, 2018 Meeting

5.

6.

7.

8.

A.	Consideration	of Resolution 2018-08 Adopting the	Fiscal Year 2019 Budget and		
								
	Relating to the Annual Appropriations						
B.	Consideration	of  Resolution  2018-09	Imposing	Special	Assessments	and		
								
	Certifying an Assessment Roll						
Consideration of First	Amendment to Landscape and Irrigation Maintenance Agreement		
with Down to Earth Landscape Extending the Term and Addition of	Service Areas			
Consideration of Agreement with LLS Tax Solutions, Inc.	to Provide Arbitrage Rebate		
Calculation Services for the Series 2015 Bonds						
Discussion of Parcel Entity Name for Tax Exemption					
Staff Reports							
A.	Attorney							
B.	Engineer							
C.	District Manager's Report						

9.

Other

i.	Approval of Check Register		
11.	Balance Sheet and Income Statement		
iii.	Approval of Fiscal Year 2019 Meeting Schedule		
iv.	Presentation of Arbitrage Rebate Calculation Report		
			
Business		

10.

11.

Supervisor's Requests

Adjournment

The	second	order	of	business	is	the	Public  Comment  Period	
opportunity	to be heard on propositions coming before the Board	
and	any other items.						

where the public as reflected on the

has an agenda,

The third order of business is the approval minutes are enclosed for your review.

of

the

minutes

of

the

June

4, 2018 meeting.	The

The fourth order of business	opens the public hearing for the budget and assessments.  Section	
A is the consideration of Resolution 2018-08 adopting the Fiscal Year 2019 budget and relating	
to the annual appropriations.	A copy of the Resolution and approved budget are enclosed for	
your review.  Section Bis the	consideration of Resolution 2018-09 imposing special assessments	
and certifying an assessment	roll.  A copy of the Resolution is enclosed for your review and the	
assessment roll will be available at the meeting for review.	

The fifth order of business is	the consideration of the	
Irrigation Maintenance agreement with Down to Earth	
of term and addition of new	service areas.  A copy of	

first amendment to the	Landscape and	
Landscape & Maintenance for extension	
the amendment will be	provided under	

separate

cover

and

the

proposal

for

additional

service areas is enclosed for

your

review.

The sixth order of business is the consideration of

provide arbitrage rebate calculation services for the

is enclosed for your review.

agreement Series 2015

with LLS bonds. A

Tax Solutions, Inc. to copy of the agreement

The seventh order of business is no back-up material.

is

the

discussion

of

parcel entity

name

for tax exemption.	There

The  eighth	order	of business  is  Staff  Reports.	Section 1  of	the  District	Manager's	Report	
includes the	check register being submitted for	approval	and	Section 2 includes the	balance	
sheet and income	statement for your review.	Section 3 is	the approval of the Fiscal Year 2019	
meeting schedule.	A  sample meeting notice	is	enclosed for	your  review.	Section 4 is the	
presentation of the arbitrage rebate calculation	report for the Series 2015.  A copy of the report is	
enclosed for	your review.							

The balance of the have any questions,

agenda please

will be discussed contact me.

at

the meeting.

In

the

meantime,

if

you

should

Sincerely,

George District

S. Flint

Manager

Cc:

Jan Carpenter, District Counsel

Michael Enot, District Engineer

Darrin Mossing, GMS

Enclosures

M INUTES

	MINUTES OF MEETING	
	SHINGLE CREEK	
COMMUNITY DEVELOPMENT DISTRICT	
The  regular  meeting	of the  Board  of Supervisors  of the  Shingle  Creek  Community	
Development District was held on Monday, June 4, 2018 at  12:00 p.m. at the Oasis Club at	
ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, Florida.	
Present and constituting a quorum were:	
Lane Register	Chairman	
Adam Morgan	Vice Chairman	
Alvey Kaufman	Assistant Secretary	
Also present were:		
George Flint	District Manager	
Andrew d' Adesky	District Counsel	
Michael Enot	District Engineer	
Brian Smith	Field Manager	

FIRST

ORDER

OF

BUSINESS

Roll Call

Mr.

Flint called the meeting to order and called the roll.  A quorum was present.

SECOND

ORDER

OF

BUSINESS

Public Comment Period

There being none, the next item followed.

THIRD

ORDER

OF

BUSINESS

Approval

Meeting

of

Minutes

of

the	May	7,	2018

Mr.  Flint:

additions, deletions

There being

You have  the  minutes from  the  May  7,  2018  meeting.	Were there  any

or corrections?

none,

On MOTION by Mr. Morgan, favor, the Minutes of the May presented.

seconded 7, 2018

by Mr. Register, with all in Meeting were approved, as

June 4, 2018	Shingle Creek CDD

FOURTH

ORDER

OF

BUSINESS

Consideration Approving the Dedications

of	Resolution	2018
Letter	of	Consent

-07 to

Mr.

d'

Adesky:

This  was  requested by KPM and Lennar regarding the co-plat.	We

reviewed the dedications and didn't find them problematic so a letter was drafted to be approved via this Resolution and will be transmitted to the County saying that the District consents to the dedications in that plat.

Mr. Register: I noticed all of the tracts mentioned in the dedication blocks on the plat are all the same tract. Is that ok?

Mr. d' Adesky:	Yes that is fine because each entity has utility rights over that tract.

On MOTION by Mr. Register, seconded by Mr. Morgan, with all in favor, Resolution 2018-07 approving the Letter of Consent to Dedications was approved.

FIFTH

ORDER

OF

BUSINESS

Ratification
&#21

of

Series 2015 Requisitions  #20

Mr. Flint: Requisition #20 is for KPM and has been executed and submitted to the Trustee for payment. Requisition #21 is payable to Lennar Corporation for $3,472,433.75 to acquire improvements. It is executed by myself and the Engineer but has not been transmitted to the Trustee pending verification that any conveyances or bills of sale are executed.

Mr. d' Adesky: This is the same issue as Stoneybook South at ChampionsGate, it just deals with the transition. It can be approved at this meeting and as soon as we get all those sign offs, we can have payment transmitted.

to

Mr.

put them

Flint: Approval is not required to on the agendas for ratification for

submit these under the Trust Indenture the purposes of public record.

but

we

like

On MOTION by Mr. Register, seconded by Mr. Morgan, with all in favor, Series 2015 Requisitions #20 and #21 were approved.

SIXTH ORDER OF BUSINESS

A.	Attorney

Mr. Flint:  Andrew?

Staff Reports

2

June 4, 2018			Shingle Creek CDD	
Mr.	d' Adesky:	We submitted the application to expand the District boundaries and it is	
being processed.	We're waiting for initial review comments and once they do we anticipate	
about a 4 -	6 week process to complete expansion.	
Mr.	Morgan:  This is for Westgate?	
Mr.	d'Adesky: Yes.	
Mr.	Morgan:	Just out of curiosity, is there a possibility of creating a different CDD out	
of the Bronson tracts?		
Mr.	d'Adesky:	That's a conversation, that is definitely an option, it just depends on what	
the unit counts are going to be.  Just a	
			consideration if there are any shared improvements, that	
would be on Lennar's	end to decide how to handle.	
B.	Engineer	

on

the

Mr.		
Mr.		
25	th		

Flint:	Mike, do you have anything?	
Enot:	We have meeting on June 15	
we'll have our end of year reporting.	

th

so we can provide assurances for the tracts and

C.

District

Manager's

Report

i.

Approval

of

Check

Register

Mr. Flint:	You have the Check Register from the General

the  amount of $20,454.97.	The  detailed  register  is  behind the

questions, we can discuss those.  If not, I would ask for a motion.

Fund for the month of May in summary.   If you have  any

On MOTION by Mr. Register, seconded by Mr. Morgan, with all in favor, the Check Register was approved.

ii.	Balance Sheet and Income Statement

Mr. Flint:	You also have the unaudited financial statements through April 30, 2018.

action is required by the Board.  If you have any questions, we can discuss those.

No

SEVENTH ORDER OF BUSINESS

There being none, next item followed.

Other Business

EIGHTH

ORDER

OF

BUSINESS

Supervisor's Requests

If

there's nothing from the Board, we need a motion to adjourn.

3

June 4. 2018

NINTH ORDER OF BUSINESS	Adjournment

Shingle Creek CDD

On MOTION by Mr. Morgan, seconded favor, the meeting was adjourned.

by

Mr.

Register,

with

all

in

Secretary / Assistant Secretary

Chairman / Vice

Chairman

4

SECTION

IV

SECTION-A

RESOLUTION 2018-08			
THE  ANNUAL  APPROPRIATION  RESOLUTION  OF  THE  SIDNGLE		
CREEK COMMUNITY DEVELOPMENT DISTRICT (THE "DISTRICT")		
RELATING  TO  THE  ANNUAL  APPROPRIATIONS  AND  ADOPTING		
THE  BUDGET  FOR  THE  FISCAL  YEAR  BEGINNING  OCTOBER  1,		
2018, AND ENDING SEPTEMBER 30, 2019.			
WHEREAS, the District Manager has, prior to the fifteenth (15	th		
	)  day in June, 2018,		
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 Shingle		
Creek Community Development 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		
(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	6,	2018, as the date 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, 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 a Proposed Budget, whereby the budget		
shall  project  the  cash  receipts  and  disbursements  anticipated  during	a  given  time  period,		
including reserves for contingencies for emergency or other unanticipated expenditures during		
the fiscal year.					
NOW,   THEREFORE,   BE   IT   RESOLVED   BY   THE   BOARD   OF		
SUPERVISORS OF SHINGLE CREEK COMMUNITY DEVELOPMENT		
DISTRICT;					

Section

1.

Budget

a.

b.

That the Board of Supervisors has reviewed the District Manager's Proposed Budget,	
a copy of which is on file with the office of the District Manager and at the District's	
Records  Office,  and  hereby  approves  certain  amendments  thereto,  as  shown  in	
Section 2 below.		
That the  District Manager's  Proposed Budget,  attached hereto as Exhibit "A,"	as	
amended  by  the  Board,  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 subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures for Fiscal Year 2018 and/or revised projections for Fiscal Year 2019.

c.	That the adopted budget, as amended, shall be maintained in the office of the District Manager and at the District's Records Office and identified as "The Budget for Shingle Creek Community Development District for the Fiscal Year Ending September 30, 2019," as adopted by the Board of Supervisors on August 6, 2018.

Section 2.	Appropriations

There is hereby appropriated out of the revenues of the Shingle Creek Community Development District, for the fiscal year beginning October 1, 2018, and ending September 30, 2019, the sum of$________ to be raised by the levy of assessments and/or otherwise,

which sum is deemed by the Board of Supervisors 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-SERIES 2015	$--------	
TOTAL ALL FUNDS	$_  ______	
-		
Section 3.Supplemental Appropriations		

The Board may authorize by resolution, supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows:

a.	Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item.

b.	Board may authorize an appropriation from the unappropriated balance of any fund.

c.	Board may increase any revenue or income budget amount to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpected balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred previously approved transfers included. Such transfer shall not have the effect of causing a more than

$10,000 or 10% increase, previously approved transfers included, to the original budget appropriation for the receiving program. Transfers within a program or project may be approved by the Board of Supervisors. The District Manager or Treasurer must establish administrative procedures which require information on the request forms proving that such transfer requests comply with this section.

Introduced, considered favorably,

and

adopted this

___

day

of

____

__

.,

2018.

ATTEST:

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT

By:

______

_____

__

_

_

Secretary/ Assistant Secretary

Its:

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

•	•	•	•	•

Shingle Creek

C ommunity Development District

Proposed Budget

FY 2019

•	•

•	•	•

•

•

•

•

Gh4~Gowrm..,.ntal		
MOMgen1<1nt	Senlces	..		
				
•	•			

•

1

2-6

7

8-9

Table of Contents

General Fund

General Fund Narrative

Debt Service Fund Series 2015

Amortization Schedule Series 2015

Description

Rranwll.

Special Assessments

Developer Contributlons

Total Revenues

Expenditures

Admia;strative

Shingle Creek

Community Development District

Fiscal Year 2019

General Fund

Adopted	Actual	Projected

Budget	Thru	Next3

FY2018	6/30/18	Months

$359,955	$336,541	$25,133

$0	$0	$0

$359,955	$336,541	$25,133

Total

Thru

9/30/18

$361,673

$0

$361,673

Proposed

Budget

FY2019

$377,073

$41 ,366

$418,439 1

Supervisors Fees

FICA Expense

Engineering

Attorney

Arbitrage

Dissemination

Annual Audit

Trustee Fees

Assessment Administration

Management Fees

Information Technology

Telephone

Postage

Travel Per Diem

Printing & Binding

Insurance

Legal Advertising

Other Current Charges

Office Supplies

Property Appraiser

Dues, Licenses & Subscriptions

Administrative Expenses

Qafu.siti'2a &M.r1.inteaaaa.

$0	$0	
$0	$0	
$25,000	$5,875	
$40,000	$15,286	
$650	$650	
$3,500	$2,625	
$6,400	$6,400	
$3,500	$3,500	
$5,000	$5,000	
$32,500	$24,375	
$600	$450	
$200	$7	
$500	$57	
$250	$0	
$500	$82	
$10,000	$8,930	
$2,500	$1,013	
$300	$50	
$200	$3	
$500	$421	
$175	$175	
$132~75	$74,898	

$0	$0	$0			
$0	$0	$0			
$14,125	$20,000	$25,000			
$9,714	$25,000	$40,000			
$0	$650	$650			
$875	$3,500	$3,500			
$0	$6,400	$6,500			
$0	$3,500	$3,500			
$0	$5,000	$5,000			
$8,125	$32,500	$33,475			
$150	$600	$600			
$18	$25	$200			
$93	$150	$500			
$0	$0	$250			
$68	$150	$500			
$0	$8,930	$10,000			
$987	$2,000	$2,500			
$25	$75	$300			
$22	$25	$200			
$0	$421	$500			
$0	$175	$175			
$34,202	$109,100	s13a,aso	I		

Field Services

Utilities

Landscape Maintenance

Landscape Contingency

Property Insurance

London Creek Ranch Maintenance

Lake Maintenance

Lake Contingency

Drainage R&M

Irrigation Repairs

Lighting Mainlenance

Repairs & Maintenance

Contingency

Operation & Maintenance Expenses

Total Expenditures

Excess Revenues/(Expenditures)

$7,500	$5,625	
$12,000	$5,969	
$125,000	$87,537	
$7,500	$13,797	
$6,300	$5,723	
$35,000	$18,000	
$10,080	$7,560	
$5,000	$0	
$0	$0	
$2,000	$885	
$0	$1,040	
$0	$980	
$17,300	$1,891	
$227,680	$149,005	
$359,955	$223,903	
$0	$112,637	

$1,875	$7,500	
$1,831	$7,800	
$35,336	$122,873	
$5,545	$19,342	
$0	$5,723	
$12,000	$30,000	
$2,520	$10,080	
$1,250	$1,250	
$0	$0	
$1,115	$2,000	
$0	$1,040	
$270	$1,250	
$460	$2,351	
$62,202	$211,207	
$96,404	$320,307	
($71,272)	$41,366	

$7,500	
$12,000		
$174,851		
$10,000		
$6,300		
$30,000		
$12,080		
$5,000		
$5,000		
$2,500		
$5,000		
$5,000		
$9,858		
s2ss,oae	I	
$418,4391	
1so	>1	

IProE!:!~ T:r:ea

Single Family

Townhome

Condo/MF

UnDlatted

lrotal

Platted Units

565

861

54
NIA

1480

Net Assessment

COleclk>n COst (6%)

Gross Assessment

Gross Par Unit

$354

$221
$188

NIA

$377,073			
$23	408			
$400 481			
GroHTotal	I		
$199,920			
			
$190,410			
$10,151			
	$0	I		
$400	.481			

Shingle Creek

Community Development District

GENERAL

FUND

BUDGET

REVENUES:

Special

Assessments

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.

Developer

Contributions

The District will enter into a Funding Agreement with the Developer shortfall in the General Fund expenditures for the fiscal year.

to

fund

any

EXPENDITURES:					
Administrative;					
Engineering					
The					
District'sengineer, Franklin, Hart and Reid, will be providing general engineering	
services to the District, e.g. attendance and preparation for monthly board meetings,	
review of invoices and requisitions, preparation and review of contract specifications	
and bid documents, and various projects assigned	as	directed	by the	Board of	
Supervisors and the District Manager.					

Attorne

v

The District'slegal counsel, Latham, Shuker, Eden & Beaudine, LLP, will be providing	
general legal services to the District, e.g. attendance and preparation for	monthly	
meetings, preparation and review of agreements and resolutions, and other	research	
assigned as directred by the Board of Supervisors and the District Manager.	
Arbitrage		

The District will contract with an independent certified public calculate the District's Arbitrage Rebate Liability on the Assessment Revenue Bonds. The District has contracted with for this service.

accountant to annually Series  2015  Special LLS Tax Solutions, Inc.

Dissemination		
The District is	required by the Security and Exchange Commission to comply with	
Rule 15c2-12(b)(S) which relates to additional reporting requirements for unrated	
bond issues.		

2

Shingle Creek

Community Development District

GENERAL

FUND

BUDGET

Annual

Audit

The District is required financial records on an

by Florida Statutes to arrange for an independent audit annual basis. The District has contracted with McDirmit,

of its
Davis

&

Company

for this

service.

Trustee

Fees

The District will	pay	annual trustee fees	for the	Series 2015 Special	
Revenue Bonds	that	are deposited with a	Trustee	at Regions Bank.	

Assessment

Assessment

Administration

The District has and administer property within

contracted with the collection the District.

Governmental Management Services-CF, of non-ad valorem assessment on all

LLC to levy

assessable

Management

Fees

The

District

has

contracted

with

Governmental

Management

Services-Central

Florida,	LLC to provide Management, Accounting and Recording Secretary Services	
for the	District. The services include, but not limited to, recording and transcription	
of board meetings, budget preparation, all financial reporting, annual audit, etc.	

Information

Technolo

gy

Represents costs	related to District'saccounting and information systems, District's	
website creation	and	maintenance,	electronic compliance with	Florida Statutes and	
other electronic data	requirements.			
Telephone					

Telephone

and

fax

machine.

Postage

The District incurs checks for vendors

charges for mailing of agenda packages, and other required oorrespondence.

overnight deliveries,

Travel

Per

Diem

The Board of Supervisors can be conducting of District business.

reimbursed

for travel

expenditures

related to the

Printin

g

&

Binding

Printing and Binding agenda packages checks, stationary, envelopes etc.

for

board

meetings,

printing of computerized

3

Shingle Creek

Community Development District

GENERAL

FUND

BUDGET

Insurance

The District'sgeneral liability provided by Florida Insurance

and public officials liability Alliance (FIA). AA specializes

insurance coverage is in providing insurance

coverage

to

governmental

agencies.

Legal Advertising

The District is required public hearings, etc in a

to advertise various notices for newspaper of general circulation.

monthly

Board

meetings,

Other Current

Charges

Represents any miscellaneous expenses fees, deposit slips, stop payments, etc.

incurred

during

the

fiscal

year

such

as

bank

Office

SL!PQ/ies

The District

fiscal year.

incurs

charges

for office

supplies

that

need

to

be

purchased

during the

PropertyAl2P(aiser

Represents a fee charged by Osceola assessment administration services.

County

Property

Appraiser's

office

for

Dues,

Licenses

&

Subscriptions

The District

Opportunity

is required for $175.

to pay This is

an annual fee to the Florida the only expense under this

Department category for

of Economic

the District.

Field

servkes

Provide

onsite field

management

of contracts for the

District

such

as

landscape

and

lake

maintenance.

Services

to

include

onsite

inspections,

meetings

with contractors,

monitoring of utility accounts, attend Board property owner phone calls and emails.

meetings

and

receive

and

respond

to

Represents cost of electric and water services for fountains, etc. District currently has one account

items such as monument lighting, with Kissimmee Utility Authority.

Description

3100 Storey Lake Blvd. Block Even

Monument/Fountain

Contingency

Total

Moothly	Annual	
$750	$9,000	
	$3,000	
	$12,000	

4

Shingle Creek

Community Development District

GENERAL

FUND

BUDGET

Landscape

Maintenance

The District will maintain the landscaping within the common areas	of the District	
after  installation  of landscape  material	has  been	completed.  The  District	has	
contracted with Down to Earth Lawncare	II, Inc. for	this service.			

Descri ption

Phase I

Phase II - Storey Lake Boulevard

Area I - Bahia Mowing

Phase 11 Part 2 - Additional Bahia

Phase Ill - Roundabout

Storey Lake Additional Areas

Total

Monthly	Annual	
$6,116	$73,392	
$1,423	$17,076	
$350	$4,200	
$1	,150	$13,800	
$2,740	$32,875	
$2,792	$33,508	
		$174,851	

Landscape

Continqencv

Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract.

Property

Insurance

Represents estimated costs for the annual coverage of will be provided by Florida Insurance Alliance (FIA). insurance coverage to governmental agencies.

property insurance. FIA specializes in

C.Overage

providing

London

Creek

Ranch

Maintenance

The District

Ranch  area

inspections,

The District

service.

will schedule maintenance of wetlands located in	the London Creek	
of the  District.   Services will  include vegetation	maintenance,  site	
site maintenance, trail maintenance and permit status and compliance.	
has contracted with Austin Environmental Consultants, Inc. for this	

Description

Vegetation Maintenance - 3 x per year

Site Inspections & Maintenance

Total

Per Visit

$8,000

As Needed

Annual

$24,000

$6,000

$30,000

5

Shingle Creek

Community Development District

GENERAL

FUND

BUDGET

Lake Maintenance

Represents cost for maintenance to three ponds located within the District. Services include shoreline grass and brush oontrol, floating and submersed vegetation control, additional treatments as required and a monthly report of all waterways treated. The District has contracted with Aquatic Weed Control, Inc. for these services.

Description

Lake Maintenance

Contingency

Total

Monthly	Annual	
$840	$10,080	
	$2,000	
	$12,080	

Drainage

R&M

Represents

structures,

estimate repair and maintenance costs to the drainage structures, outfall storm piping and bank erosions maintained by the District.

Irrigation

Repairs

Represents

estimated

costs

for

any

repairs

to the

irrigation

system.

Lighting

Maintenance

Represents estimated by the District.

repair

and

maintenance

cost

to

all

lighting fixtures

maintained

Repairs

&

Maintenance

Represents general other budgeted line

repairs item.

and

maintenance

costs

that

are

not

budgeted

under

any

Contingency

Represents

budget.

any

additional field

expense

that

may

not

have

been

provided

for

in

the

6

Revenues

	Shingle Creek	
Community Development District	
	Fiscal Year2019		
	Debt Service Fund		
Adopted	Actual	Projected	
Budget	Thru	Next3	
FY2018	6/30/18	Months	

Total	Proposed	
Thru	Budget	
9/30/18	FY2019	

Special Assessments

Interest Income

Carry Forward Surplus

Total Revenues

Expenses

$1,433,379	$1,337,087	
$0	$13,836	
$905,843	$896,980	
$2,339,222	$2,247,904	

$104,502	$1,441 ,589	$1,433,611			
$2,164	$16,000	$0			
$0	$896,980	$928,041			
$106,666	$2,354,570	s2,3a1,ss2	I		

Interest - 11 /1

Principal - 11/1

Interest - 5/1

Total Expenditures

Excess Revenues/(Expenditures)

$536,527	$536,527	
$360,000	$360,000	
$530,002	$530,002	
$1,426,529	$1,426,529	
$912,693	$821,375	

$0	$536,527	
$0	$360,000	
$0	$530,002	
$0	$1,426,529	
$106,666	$928,041	
	Principal -11/1/2019	
	Interest -11/1/2019	
	Total	
	Net Assessment	
	Collection Cost (6%)	
	Gross Assessment	

$530,002		
$370,000		
$523,296		
s1,423,29s	1	
$938,354	J	
$385,000		
$523,296		
$908,296		
$1,433,611		
$91,507		
$1,525 ,118		

IProeerty T~pe

Single Family

Townhome

Condo/MF

Unplatted

!Total

Platted Units	Gross Per	Unit	Gross Total		
565	$1,691		$955	,443		
539	$1,057		$569,674		
0	$850				$0		
0	N/A				$0		
1104			$1	,525 ,118 1		

7

Date

Shlnle Creek Community Development District		
Series 2015, Special Assessment Bonds		
	(Term Bonds Combined)			
	Amortization Schedule			
Balance	Principal	Interest	Annual	

5/1/18	
11/1/18	
5/1/19	
11/1/19	
5/1/20	
11/1/20	
5/1/21	
11/1/21	
5/1/22	
11/1/22	
5/1/23	
11/1/23	
5/1/24	
11/1/24	
5/1/25	
11/1/25	
5/1/26	
11/1/26	
5/1/27	
11/1/27	
5/1/28	
11/1/28	
5/1/29	
11	/1	/29	
5/1/30	
11	/1	/30	
5/1/31	
11	/1	/31	
5/1/32	
11/1/32	
5/1/33	
11/1/33	
5/1/34	
11/1/34	
5/1/35	
11	/1	/35	
5/1/36	
11	/1	/36	

$20 ,760 ,000	
$20,760,000	
$20 ,390 ,000	
$20,390,000	
$	20,005,000	
$	20,005,000	
$	19,605,000	
$19,605,000	
$19,190,000	
$19,190,000	
$18,760,000	
$18,760,000	
$18,310,000	
$18,310,000	
$17,840,000	
$17,840,000	
$17,350,000	
$	17,350,000	
$16,835,000	
$16,835,000	
$16,295,000	
$16,295,000	
$15,725,000	
$15,725,000	
$15,125,000	
$15,125,000	
$14,495,000	
$14,495,000	
$13,835,000	
$13,835,000	
$13,140,000	
$13,140,000	
$12,410,000	
$12,410,000	
$	11,645,000	
$	11,645,000	
$10,840,000	
$10,840,000	

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$
$

$
$

$

$

$

$

$

$
$

$

$

$

$

$
$

$

$

370,000

385,000

400,000

415,000

430,000

450,000

470,000

490,000

515,000

540,000

570,000

600,000

630,000

660,000

695,000

730,000

765,000

805,000

850,000

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$
$

$

$

$
$

$
$

$
$

$
$

$
$

$
$
$

$
$

530,002

530,002

523,296

523,296

516,318

516,318

509,068

509,068

499,730

499,730

490,055

490,055

479,930

479,930

469,355

469,355

458,330

458,330

445,133

445,133

431,296

431,296

416,689

416,689

401,314

401,314

385,171

385,171

368,258

368,258

350,449

350,449

331,743

331,743

312,139

312,139

291,511

291,511

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$
$

$

$

$
$

$

$

$

$

$

$

$

$

$

$
$
$

$
$
$

$

1,430,004

1,431,591

1,432,635

1,433,135

1,429,460

1,430,110

1,429,860

1,428,710

1,431,660

1,430,266

1,432,591

1,433,379

1,432,629

1,430,341

1,431,516

1,430,898

1,428,485

1,429,279

1,433,023

8

Date

Shingle Creek Community Development District Serles 2015, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Balance	Principal	Interest	Annual

5/1/37	
11/1/37	
5/1/38	
11/1/38	
5/1/39	
11/1/39	
5/1/40	
11/1/40	
5/1/41	
11/1/41	
5/1/42	
11	/1	/42	
5/1/43	
11/1/43	
5/1/44	
11/1/44	
5/1/45	
11/1/45	

$

$

$

$

$

$
$

$

$

$

$

$

$

$

$

$

$

$

9,990,000

9,990,000

9,100,000

9,100,000

8,160,000

8,160,000

7,170,000

7,170,000

6,125,000

6,125,000

5,025,000

5,025,000

3,865,000

3,865,000

2,645,000

2,645,000

1,355,000

1,355,000

$			
$	890,000		
$	940,000		
$			
$			
$	990,000		
$			
$	1,045,000		
$			
$	1,100,000		
$			
$	1,160,000		
$			
$	1,220,000		
$			
$	1,290,000		
$			
$	1,355,000		

$	269,730	
$	269,730	
$	245,700	
$	245,700	
$	220,320	
$	220,320	
$	193,590	
$	193,590	
$	165,375	
$	165,375	
$	135,675	
$	135,675	
$	104,355	
$	104,355	
$	71,415	
$	71,415	
$	36,585	
$	36,585	

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

1,429,460

1,431,400

1,430,640

1,432,180

1,430,750

1,431,350

1,428,710

1,432,830

1,428,170

Totals

$20	,760	,000	

$18	.775 ,059	

$

40	065	;061	
	1		

1

9

SECTION

8

RESOLUTION 2018-09

A	RESOLUTION	OF	THE	BOARD	OF	SUPERVISORS	OF	THE
SHINGLE	CREEK	COMMUNITY	DEVELOPMENT	DISTRICT

IMPOSING SPECIAL ASSESSMENTS AND CERTIFYING ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; PROVIDING AN EFFECTIVE DATE.

AN
AND

WHEREAS, the Shingle Creek 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 Osceola County, Florida (the "County"); and	
WHEREAS,   the   District   has   constructed	or	acquired   various   infrastructure	
improvements  and  provides  certain  services  in  accordance  with  the  District's  adopted	
Improvement Plan and Chapter 190, Florida Statutes; and			
WHEREAS, the Board of Supervisors of the District ("Board") hereby determines to	
undertake various operations and maintenance activities described in the District's budget for	
Fiscal Year 2018-2019 ("Operations and Maintenance Budget"), attached hereto as Exhibit "A"	
and incorporated by reference herein; and			
WHEREAS, the District must obtain sufficient funds	to provide for the operation and	
maintenance of the services and facilities provided by the District as described in the District's	
budget for Fiscal Year 2018-2019; and			
WHEREAS, the provision of such services, facilities, and operations is a benefit to lands	
within the District; and			
WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special	
assessments on benefitted lands within the District; and			
WHEREAS, the District has previously levied an assessment for debt service, a portion	
of which the District desires to collect on the tax roll for platted lots, pursuant to the Uniform	
Method (defined below) and which is also indicated on Exhibit "A", and the remaining portion	
of which the District desires to levy and directly collect on the remaining unplatted lands; and	
WHEREAS,  Chapter 197, Florida Statutes, provides	a mechanism pursuant to which	
such special assessments may be placed on the tax roll and collected by the local tax collector	
("Uniform Method"); and			
WHEREAS, the District has previously evidenced its intention to utilize this Uniform	
Method  and  has  approved  an Agreement with the  County  Tax  Collector to  provide for the	
collection of the special assessments under the Uniform Method; and	

WHEREAS, it is in the best interests	of the District to collected special assessments for	
operations and maintenance on platted lots using the Uniform Method and to directly collect	
from the remaining unplatted property reflecting their portion of the District's operations and	
maintenance expenses, as set forth in the budget; and		
WHEREAS, it is in the best interests	of the District to adopt the Assessment Roll	of the	
Shingle  Creek  Community  Development  District  (the  "Assessment  Roll")  attached  to  this	
Resolution  as	Exhibit  "B"  and  incorporated  as  a  material  part  of this  Resolution  by  this	
reference, and	to certify the portion of the Assessment Roll on platted property to the County	
Tax Collector pursuant to the Uniform Method and to directly collect the remaining portion on	
the unplatted property; and				
WHEREAS, it is in the best interests of the District to permit the District Manager to	
amend, from time to time, the Assessment Roll adopted herein, including that portion certified to	
the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll	
for the County,	for	such time as authorized by	Florida law.		
NOW,	THEREFORE,	BE	IT   RESOLVED   BY   THE   BOARD	OF	
SUPERVISORS	OF	THE   SHINGLE   CREEK   COMMUNITY   DEVELOPMENT	
DISTRICT:							
SECTION	1.	INCORPORATION  OF  RECITALS  AND  AUTHORITY.	The	
recitals stated above are true and correct and by this reference are incorporated by reference as a	
material part of this Resolution. The Resolution is adopted pursuant to the provisions of Florida	
Law, including Chapter 170, 190 and 197,	Florida Statutes.		
SECTION 2.	BENEFIT.  The provision of the services, facilities, and operations as	
described in Exhibit "A" confer a special and peculiar benefit to the lands within the District,	
which benefits exceed or equal the costs	of the assessments.  The allocation of the costs to the	
specially benefitted lands is shown in Exhibits "A" and "B."		
SECTION 3.  ASSESSMENT IMPOSITION.  A special assessment for operation and	
maintenance as provided for in Chapter 190, Florida Statutes, is hereby imposed and levied on	
benefitted lands within the District in accordance with Exhibit "B." 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 4.	COLLECTION.	The collection of the previously levied debt service	
assessments and operation and maintenance special assessments on platted lots and developed	
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 Exhibits "A" and "B." The previously levied debt services	
assessments and operations and maintenance assessments on undeveloped and unplatted lands	
will be collected directly by the District in accordance with Florida law, as set forth in Exhibits	
"A" and "B."  Assessments directly collected by the District are due according to the flowing	
schedule:  50% due no later then November 1,	2018, 25% due no later than February I, 2019 and	

25% due no later than May  1, 2019. In the event that an assessment payment is not made in	
accordance with the schedule stated above, such assessment and any future scheduled assessment	
payments due for Fiscal Year 2019 shall be delinquent and shall accrue penalties and interest in	
the amount of one percent (1 %) per month plus all costs of collection and enforcement, and shall	
either be enforced pursuant to  a foreclosure  action,  or, at the  District's discretion,  collected	
pursuant to the Uniform  Method on a future  tax bill,  which amount  may  include penalties,	
interest, and costs of collection and enforcement.  In the event as 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 to collect and enforce	
the delinquent and  remaining  assessments.	Notwithstanding the  foregoing,  any assessments	
which,  by  operation  of law  or  otherwise,  have  been  accelerated  for  non-payment,  are  not	
certified by this Resolution.		

SECTION

5.

CERTIFICATION

OF

ASSESSMENT	ROLL.

The	District's

Assessment Roll, attached to this Resolution as Exhibit "B," is hereby certified. That portion of the District's Assessment Roll which includes developed lands and platted lots is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds there from shall be paid to the Shingle Creek Community Development District.

SECTION 6.	ASSESSMENT ROLL AMENDMENT.

The District Manager shall

keep appraised of all updates made to the County property roll by 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, to the County property roll. After any
amendment of the Assessment Roll, the District Manager shall file the updates to the tax roll in
the District records.

SECTION 7.	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.

SECTION 8.	EFFECTIVE	DATE.

passage and adoption of this Resolution by the Community Development District.

This  Resolution  shall  take  effect  upon  the Board of Supervisors  of the  Shingle  Creek

PASSED AND

ADOPTED

this

th 6

day

of

August, 2018.

ATTEST:

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT

By:

______

____

___

_

Secretary/ Assistant Secretary

Its:

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

SECTION

V

LAN

DS

CAPE

6

IRRIGATION

Landscape Maintenance Proposal

Attn:

Submitted

Director:

By:

Shingle Creek

Alan Sheerer

C/O GMS-CF, LLC

135 W. Central Blvd, Suite 320

Orlando, FL 32801

SSS	Down To Earth Opco LLC Michael Mosler II

Shingle Creek -  Storey Lake CDD Additional Areas Addendum

Landscape Maintenance Summary

Basic Maintenance

Irrigation Inspection

Fertilization/Pest Control

Mulch (50 Yards)

Palm Trimming

Total Annually

Total Monthly

$33,508.16

Included

Included

Included

Included

$33,508.16

$2,792.35

Annually

Annually

Annually

Annually

Annually

6/

27

/2018

SHINGLE

CREEK

ADDENDUM

-CIRCLE

AREA

SECTION

VI

\	Tax~	ions Inc.	
	Specializing In Tax - Exempt Bond Services	

LLS Tax Solutions

2172 W. Nine Mile Rd.

#352

Pensacola, FL 32534

Telephone: 850-754-0311

Email: liscott@llstax.com

June 25, 2018

Shingle Creek Community Development District

c/o Governmental Management Services-CF, LLC

135 W. Central Boulevard, Suite 320

Orlando, Florida 32801

Thank

Creek

Letter

Client

you for choosing LLS Tax Solutions Inc. ("LLS Tax") to provide arbitrage Community Development District ("Client") for the following bond issues. describes the scope of the LLS Tax services, the respective responsibilities relating to this engagement and the fees LLS Tax expects to charge.

services to Shingle

This Engagement

ofLLS Tax and

•	$21,465,000 Shingle Creek Community Development District (Os~eola County, Florida) Special Assessment Bonds, Series 2015

•	SCOPE OF SERVICES

The

•

•

•

•

procedures that we will perform are as follows:

Assist in calculation of the bond yield, unless previously computed and provided to us.

Assist in determination of the amount, if any, of required rebate to the federal government.

Issuance of a report presenting the cumulative results since the issue date of the issue of bonds.

Preparation of necessary reports and Internal Revenue Service ("IRS") forms to accompany any required payment to the federal government.

As a part of our engagement, we will read certain documents associated with each issue of bonds for which services are being rendered. We will determine gross proceeds of each issue of bonds based on the information provided in such bond documents. You will have sole responsibility for determining any other amounts not discussed in those documents that may constitute gross proceeds of each series of bonds for the purposes of the arbitrage requirements.

TAX POSITIONS AND REPORTABLE TRANSACTIONS

Because the tax law is not always clear, we will use our professional judgment in resolving questions affecting the arbitrage calculations. Unless you instruct us otherwise, we will take the reporting position most favorable to you whenever reasonable. Any of your bond issues may be selected for review by the IRS, which may not agree with our positions. Any proposed adjustments are subject to certain rights of appeal. Because of the lack of clarity in the law, we cannot provide assurances that

the positions asserted by the IRS may not ultimately be sustained, which could result of potential penalties. You have the ultimate responsibility for your compliance with laws; therefore, you should review the calculations carefully.

in the assessment the arbitrage

The IRS and some states have promulgated "tax shelter" rules that require taxpayers to disclose their participation in "reportable transactions" by attaching a disclosure form to their federal and/or state income tax returns and, when necessary, by filing a copy with the Internal Revenue Service and/or the applicable state agency. These rules impose significant requirements to disclose transactions and such disclosures may encompass many transactions entered into in the normal course of business. Failure to make such disclosures will result in substantial penalties. In addition, an excise tax is imposed on exempt organizations (including state and local governments) that are a party to prohibited tax shelter transactions (which are defined using the reportable transaction rules). Client is responsible for ensuring that it has properly disclosed all "reportable transactions" and, where applicable, complied with the excise tax provision. The LLS Tax services that are the subject of this Engagement Letter do not include any undertaking by LLS Tax to identify any reportable transactions that have not been the subject of a prior consultation between LLS Tax and Client. Such services, if desired by Client, will be the subject of a separate engagement letter. LLS Tax may also be required to report to the IRS or certain state tax authorities certain tax services or transactions as well as Client's participation therein. The determination of whether, when and to what extent LLS Tax complies with its federal or state "tax shelter" reporting requirements will be made exclusively by LLS Tax. LLS Tax will not be liable for any penalties resulting from Client's failure to accurately and timely file any required disclosure or pay any related excise tax nor will LLS Tax be held responsible for any consequences of its own compliance with its reporting obligations. Please note that any disclosure required by or made pursuant to the tax shelter rules is separate and distinct from any other disclosure that Client might be required to or choose to make with its tax returns ( e.g., disclosure on federal Form 82 7 5 or similar state disclosure).

PROFESSIONAL FEES AND EXPENSES

Our professional fees for services listed above for the annual bond year ended May 27, 2019 is $650, which includes reasonable out-of-pocket expenses. We will bill you upon completion of our services or on a monthly basis. Our invoices are payable upon receipt. Additionally, you may request additional consulting services from us upon occasion; we will bill you for these consulting services at a beforehand agreed upon rate.

Unanticipated factors that could increase our fees beyond the estimate given above include the following (without limitation). Should any of these factors arise we will alert you before additional fees are incurred.

•

•

•

Investment data provided by you is not in good order or is unusually voluminous.

Proceeds of bonds have been commingled with amounts not considered gross proceeds bonds (if that circumstance has not previously been communicated to us).

A review or other inquiry by the IRS with respect to an issue of bonds.

of

the

ACCEPTANCE				
You understand that the arbitrage services, report and IRS forms described above are solely to assist		
you in meeting your requirements for federal income tax compliance purposes.  This Engagement		
Letter constitutes	the entire agreement between Client and LLS Tax with respect to this engagement,		
supersedes all other oral and written representations,		
engagement, and		understandings or agreements relating to this		
	may not be amended except by the mutual written agreement of the Client and LLS		
Tax.				
Please indicate your acceptance of this		
returning a copy of this	agreement by signing in the space provided below and		
	Engagement Letter to us.  Thank you again for this opportunity to work with		
you.				
				
Very truly yours,		AGREED AND ACCEPTED:		
LLS Tax Solutions Inc.			
	Shingle Creek Community Development District		

By:

By:

L~ L. Swft

Linda L. Scott, CPA

PrintName  ___	_________	_

Title  ______________	_

Date:  ______	_	________

SECTION

VI

11

SECTION

C

SECTION

1

Bank

General Fund

Shingle Creek

Community Development District

Summary of Checks

May 27, 2018 to July 30, 2018

Date	Check#		Amount			
						
5/29/18	221-222	$	6,900.00			
6/5/18	223	$	11,778.58			
6/7/18	224	$	3,694.46			
						
6/12/18	225-226	$	1,715.00			
6/14/18	227	$	10,227.45			
6/19/18	228	$	3,510.84			
7/3/18	229-230	$	1,490.00			
7/6/18	231	$	3,728.98			
7/10/18	232	$	8,000.00			
7/17/18	233	$	11,778.58			
7/24/18	234	$	26,043.51			
						
7/26/18	235-236	$	13,100.90			
		$	101,968.30			
		$	101,968.30	1		

AP300R *** CHECK

DATES

05/27/2018

-

YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER		
07/30/2018  ***	GENERAL	FUND	FUND		
	BANK  A	GENERAL			

CHECK

REGISTER

RUN

7/30/18

PAGE

1

CHECK DATE

VEND#

••••• INVOICE ••••.•.•EXPENSED  TO...
DATE	INVOICE	YRMO	DPT	ACCT#

SUB

VENDOR
SUBCLASS

NAME

STATUS

AMOUNT

.•.. CHECK .....
AMOUNT	#

5/29/18	00018	
5/29/18	00024	

5/21/18		63128	201805	310-51300-32300			
		TRUSTEE	FEES-SER.2015	REGIONS	BANK		
- - -	-	----	- - -	------				
					- -			
5/22/18		05222018	201805	300-13100-10000			
		DIST.EXPANSION-FILING  FEE				

*

*

				3,500.00						
-	-	-	-	-----	-	-	3,500.00	000221		
							----			
				3,400.00						

--------
6/05/18	00023

-----	- - -		
5/10/18		3946		
5/10/18		MTHLY		
		3946		
5/10/18		MTHLY		
	3946		
5/10/18		MTHLY		
	3946		
5/10/18		MTHLY		
		3946		
		MTHLY		

----	OSCEOLA	-	CTY	COMMUNITY	DEVELOPMENT	-		
	--------	-	-		-	-----	------			
201805	320-53800-46200									
MNT-MAY18-PHASE  I									
201805	320-53800-46200									
MNT-MAY18-PHASE  II									
201805	320-53800-46200									
MNT-MAY18-AREA  l									
201805	320-53800-46200									
MNT-MAY18-ADD.PH2P2									
201805	320-53800-46200									
MNT-MAY18-PHASE  3									

*

*

*

*

*

-	-	-	-	-	----	-	-	3,400.00	000222		
								----			
					6,116.00						
					1,423.00						
					350.00						
					1,150.00						
					2,739.58						

--------
6/07/18	00011

-	- -	-	----	-	-	-	-	-	- - -	-	-	DOWN	TO	EARTH	LAWNCARE	II,	INC	- -		
												- -	-	-	- - -	-----	- -	- -			
	6/01/1860		201806		310-51300-34000									
			MANAGEMENT		FEES	JUN18												

-

-
*

-	-	-	-	-	-----	11,778.58	000223		
						-----			
					2,708.33				

6/01/1860	201806	310-51300-35200	
INFO  TECHNOLOGY	JUN18	
6/01/1860	201806	310-51300-31300	
DISSEMINATION  FEE  JUN18	
6/01/1860	201806	310-51300-51000	
OFFICE	SUPPLIES		
6/01/1860	201806	310-51300-42000	
POSTAGE		
6/01/1860	201806	310-51300-42500	
COPIES			
6/01/1861	201806	320-53800-12000	
FIELD	MANAGEMENT  JUN18	
		GOVERNMENTAL	

MANAGEMENT

SERVICES

*

*

*

*

*

*

			50.00						
		291.67						
			.27						
			9.14						
			10.05						
		625.00						
-	-	-----	- -	-	-	3,694.46	000224		
						----			

6/12/18	00007	
6/12/18	00020	

6/01/18	25473		201806	320-53800-47000		
		WATERWAY	MAINT	3	PONDS		
----	- - -	-	- - -	-	AQUATIC		
					-------		
6/07/18		120929		201805	310-51300-31100		
6/07/18		CDD  MTG/PROCESS	AEC  INV		
	120929A		201804	310-51300-31100		
		LONDON	CREEK  RANCH  INSPCT		

WEED

CONTROL,

INC.

*

*

*

				840.00						
-	-	-	- - -	- - -	-	- -	840.00	000225		
							- - -			
				350.00						
				525.00						

FRANKLIN	SURVEYING	&	MAPPING

INC.

875.00	000226	

SHIN	SHINGLE

CREEK

TVISCARRA

AP300R *** CHECK

DATES

05/27/2018

-

YEAR-TO-DATE	ACCOUNTS  PAYABLE	PREPAID/COMPUTER		
07/30/2018  ***	GENERAL	FUND	FUND		
	BANK  A	GENERAL			

CHECK

REGISTER

RUN

7/30/18

PAGE

2

CHECK	VEND#
DATE

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

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

6/14/18	00012	
6/19/18	00016	
7/03/18	00007	

6/14/18		06142018	201806		300-20700-10000		
		FY18  DEBT  SERVICE  ASSESS	SHINGLE		
- - -	-	- - -	-	- - -	-	-----			
							- -		
6/15/18		81309		201805		310-51300-31500		
		PET.OF	EXPAND/MTG/CONSENT	LATHAM,		
-------	-	- - -	-	-----			
					- -		
7/01/18		26350		201807		320-53800-47000		
		WATERWAY	MAINT		3  PONDS			

CREEK	CDD	C/0  REGIONS	BANK

SHUKER,	EDEN	&	BEAUDINE

*				10,227.45				
									
- -	-	-	-	-	----	10,227.45	000227		
						-----			
*				3,510.84				
									
----	-	-	----	3,510.84	000228		
				-----			
*					840.00				

7/03/18	00005	
7/06/18	00011	

7/10/18	00014	

-------	-	-			AQUATIC	WEED	CONTROL,	INC.		
			----------							
6/25/18	1486		201805	310-51300-31200							
	SERIES	2015	ARBITRAGE							
- - -	----	-	-	-	- -	LLS	TAX	SOLUTIONS  INC.				
						-------							
7/02/18	62		201807	310-51300-34000							
	MANAGEMENT		FEES	JUL18							
7/02/1862		201807	310-51300-35200							
	INFO  TECHNOLOGY	JUL18							
7/02/1862		201807	310-51300-31300							
	DISSEMINATION  FEE  JUL18							
7/02/1862		201807	310-51300-51000							
	OFFICE  SUPPLIES								
7/02/1862		201807	310-51300-42000							
	POSTAGE											
7/02/1862		201807	310-51300-42500							
	COPIES												
7/02/1863		201807	320-53800-12000							
	FIELD	MANAGEMENT  JUL18							
7/02/1863		201807	310-51300-49000							
	COUNTY	TAX		ROLL	FEES							
- - -	----	-	-	- - -	GOVERNMENTAL	MANAGEMENT	SERVICES		
					-------							
6/28/18	8326		201806	320-53800-46300							
	2ND  VEGETATION  MAINT  FY18							

-	-	-	-	-	-	- - -	-	-	-	840.00	000229		
										- - -			
*						650.00							
													
-	-	-	-	-	-	- - -	-	-	-	650.00	000230		
										- - -			
*					2,708.33							
													
*						50.00							
													
*						291.67							
													
*						.33							
													
*						30.12							
													
*						21.45							
													
*						625.00							
													
*						2.08							
													
-	- - -	-	-	- - -	-	3,728.98	000231		
						-	-	- - -			
*					8,000.00							

7/17/18	00023	

- - -	-	- - -		
6/10/18		6625		
6/10/18		MTHLY		
		6625		
6/10/18		MTHLY		
		6625		
6/10/18		MTHLY		
		6625		
		MTHLY		

----	AUSTIN		
	--------		
201806	320-53800-46200		
MNT-JUN18-PHASE  I		
201806	320-53800-46200		
MNT-JUN18-PHASE  II		
201806	320-53800-46200		
MNT-JUN18-AREA  1		
201806	320-53800-46200		
MNT-JUN18-ADD.PH2P2		

ENVIRONMENTAL

CONSULTANTS

-	-	-	-	-	------	8,000.00	000232		
						----			
*					6,116.00				
									
*					1,423.00				
									
*					350.00				
									
*					1,150.00				

SHIN	SHINGLE	CREEK	TVISCARRA

AP300R *** CHECK

DATES

05/27/2018

-

YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER		
07/30/2018  ***	GENERAL	FUND	FUND		
	BANK  A	GENERAL			

CHECK

REGISTER

RUN

7/30/18

PAGE

3

CHECK	VEND#
DATE

7/24/18	00012	

••••• INVOICE ..•.....EXPENSED	TO...	SUB			VENDOR  NAME				
DATE	INVOICE	YRMO	DPT	ACCT#		SUBCLASS						
6/10/18	6625	201806	320-53800-46200									
	MTHLY  MNT-JUN18-PHASE  3	DOWN	TO	EARTH	LAWNCARE	II,	INC			
													
7/24/18	07242018	201807	300-20700-10000									
	FY18  DEBT  SERVICE  SER2015	SHINGLE	CREEK	CDD  C/0	REGIONS	BANK		

STATUS					AMOUNT			•••• CHECK ....•		
								AMOUNT	#		
*					2,739.58						
											
-	-	-	-	-	----	-	11,778.58	000233		
							-	----			
*					26,043.51						
											
-	-	-	-	-----	-	26,043.51	000234		
						-	----			

7/26/18	00020	

7/05/18 7/05/18 7/05/18

121050	201806	310-51300-31100
ATTEND	MEETING
121050	201806	310-51300-31100
PRP	FIELD	RVW/SITE/INSPEC
121050	201806	310-51300-31100
PRP	EXCEL	SHEET/CONTRACT
FRANKLIN

SURVEYING

&

MAPPING

INC.

*				250.00						
*				1,818.75						
*				7,927.50						
-	-	-	- -	----	-	-	9,996.25	000235		
							----			

7/26/18	00016	

7/23/18	81870	201806	310-51300-31500					
	MTG/REQ/CONVEYANCES					
			LATHAM,	SHUKER,	EDEN	&	BEAUDINE	

*	3,104.65			
				
	3,104.65	000236		

TOTAL	FOR	BANK	A

TOTAL	FOR	REGISTER

101,968.30

101,968.30

SHIN	SHINGLE

CREEK

TVISCARRA

SECTION

2

•	•	•	•

•

•	•

•

•

•

•

Shingle Cree k

Community

Development

District

Unaudited Financial Reporting

June

30, 2018

•

1

2

3

4

5

6

7

8-9

Table of Contents

Balance Sheet

General Fund Income Statement

Debt Service Income Statement

Ca pita I Projects Income Statement

	Month to Month	
	Long Term Debt Summary	
FY18	Assessment Receipt Schedule	
Series 2015 Construction Schedule	

Shingle Creek

COMMUNITY DEVELOPMENT DISTRICT

BALANCE SHEET

June 30, 2018

General	Debt Service

Fund	Fund

Capital Projects

Fund

Totals

2018

ASSETS:

~

OPERATING

INVESTMENTS

SERIES 2015

ACCOUNT-

SUNTRUST

$453,358

$453,358

RESERVE

REVENUE

SINKING FUND

CONSTRUCTION

DUE FROM DEVELOPER

DUE FROM GENERAL FUND

TOTAL ASSETS

LIABILITIES:

ACCOUNTS PAYABLE

DUE TO DEBT SERVICE

FUND EQUITY:

FUND BALANCES:

RESTRICTED FOR DEBT SERVICE 2015

RESTRICTED FOR CAPITAL PROJECTS 2015

UNASSIGNED

TOTAL  LIABILITIES & FUND EQUITY

	$719,446	
	$802,145	
	$3	
$3,400		
	$26,031	
$456,758	$1,547,624	
$19,611		
$26,031		

	$1,547,624	
$411,116		
$456,758	$1,547,624	

$3,477,204

$3,477,204

$3,475,409

$1,795

$3,477,204

$719,446

$802,145

$3

$3,477,204

$3,400

$26,031

$5,481,586

$3,495,020

$26,031

$1,547,624

$1,795

$411,116

$5,481,586

REVENUES:

ASSESSMENTS -TAX ROLL ASSESSMENTS - DIRECT BILLED

TOTAL REVENUES

EXPENDITURES:

ADMINISTRATIVE:

Shingle Creek

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND

Statement of Revenues & Expenditures

For The Period Ending June 30, 2018

ADOPTED	PRORATED BUDGET

BUDGET	THRU 6/30/18

$259,435	$259,435

$100,520	$75,390

$359,955	$334,825

ACTUAL

THRU 6/30/18

$261,151

$75,390

$336,541

VARIANCE

$1,716

$0

$1,716

ENGINEERING

ATTORNEY

ARBITRAGE

DISSEMINATION

ANNUAL AUDIT

TRUSTEE FEES

ASSESSMENT ADMINISTRATION

MANAGEMENT FEES

INFORMATION TECHNOLOGY

TELEPHONE

POSTAGE

TRAVEL PER DI EM

PRINTING & BINDING

INSURANCE

LEGAL ADVERTISING

OTHER CURRENT CHARGES

OFFICE SUPPLIES

PROPERTY APPRAISER

DUES, LICENSES & SUBSCRIPTIONS

E!s.l:!2i.		
FIELD SERVICES	
UTILITIES	
LANDSCAPE MAINTENANCE	
LANDSCAPE CONTINGENCY	
PROPERTY INSURANCE	
LONDON CREEK RANCH MAINTENANCE	
LAKE MAINTENANCE	
LAKE CONTINGENCY	
IRRIGATION REPAIRS	
LIGHTING MAINTENANCE	
REPAIRS & MAINTENANCE	
CONTINGENCY	
TOTAL EX PEN DITU RES	
EXCESS REVENUES {EXPENDITURES)	
FUND	BALANCE - BEGINNING	
FUND	BALANCE - ENDING	

$25,000

$40,000

$650

$3,500

$6,400

$3,500

$S,OOO

$32,500

$600

$200

$500

$250

$500

$10,000

$2,500

$300

$200

$500

$175

$7,500

$12,000

$125,000

$7,500

S6,300

$35,000

$10,080

$5,000

$2,000

$0

$0

$17,300

$359,955

$0

$0

$0

$18,750

$30,000

$650

$2,625

$6,400

$3,500

$5,000

$24,375

$450

$150

$375

$188

$375

$10,000

$1,875

$225

$150

$500

$175

$5,625

$9,000

$93,750

$5,625

$6,300

$26,250

$7,560

$3,750

$1,500
so
so

$12,975

$278,098

$5,875

$15,286

$650

$2,625

$6,400

$3,500

$5,000

$24,375

$450

$7

$57

$0

$82

$8,930

$1,013

$50

$3

$421

$175

$5,625

$5,969

$87,537

$13,797

$5,723

$18,000

$7,560

$0

$885

$1,040

S980

$1,891

$223,903

$112,637

$298,479

$411,116

$12,875	
$14,714	
	$0	
	{$0)	
	$0	
	$0	
	$0	
	$0	
	$0	
$143	
$318	
$188	
$293	
$1,070	
$862	
$175	
$147	
	$79	
	$0	
	$0	
$3,031	
$6,213	
{$8,172)	
S577	
$8,250	
	$0	
$3	,750	
$615	
{$1,040)	
($980)	
$11,084	
$54,194	

2

REVENUES:

ASSESSMENTS·TAX ROLL ASSESSMENTS·DIRECT BILLED
INTEREST

TOTAL REVENUES

EXPENDITURES:

INTEREST·11/1

PRI NCI PAL-11/1

INTEREST - 05/1

TOTAL EXPENDITURES

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE-BEGINNING

FUND BALANCE- ENDING

Shingle Creek		
COMMUNITY DEVELOPMENT DISTRICT	
SERIES 2015		
DEBT SERVICE FUND		
Statement of Revenues & Expenditures	
For The Period Ending June 30, 2018		
ADOPTED	PRORATED	BUDGET	
BUDGET	THRU 6/30/18	
$1,239,880		$1,239,880	
$193,499		$89,010	
$0		$0	
$1,433,379		$1,328,890	
$536,527		$536,527	
$360,000		$360,000	
$530,002		$530,002	
$1,426,529		$1,426,529	
$6,850			
$905,843			
$912,693			

ACTUAL

THRU 6/30/18

$1,248,078

$89,010

$13,836

$1,350,924

$536,527

$360,000

$530,002

$1,426,529

($75,605)

$1,623,229

$1,547,624

VARIANCE

$8,198

$0

$13,836

$22,034

$0

$0

$0

$0

3

REVENUES:

INTEREST

TOTAL REVENUES

EXPENDITURES:

CAPITAL OUTLAY

TOTAL EX PEN DITU RES

EXCESS REVENUES {EXPENDITURES)

FUND BALANCE- BEGINNING

FUND BALANCE -ENDING

Shingle Creek

COMMUNITY DEVELOPMENT DISTRICT

SERIES 2015

CAPITAL PROJECTS FUND

Statement of Revenues & Expenditures

For The Period Ending June 30, 2018

ADOPTED	PRORATED BUDGET

BUDGET	THRU 6/30/18

$0	$0

$0	$0

$0	$0

$0	$0

$0

$0

$0

ACTUAL

THRU 6/30/18

$47,720

$47,720

$6,550,885

$6,550,885

{$6,503,165)

$6,504,960

$1,795

VARIANCE

$47,720

$47,720

($6,550,885)

{$6,550,885)

4

REVENUES:			
ASSESSMENTS -	TAX ROLL		
ASSESSMENTS -	DIRECT BILLED		
TOfAL~NUES	I		
			
EXPENDITURES:			
AOMINISJWATIVE:			

°"

$0

S2S,130

USll.!O

Nov

$17,883

$0

S17,B83

De,

$202,597

So

$202,597

		Shingle Creek	
	Jan	,..	Mar	
	Community Development District	
$5,360	Sll,025	S5,464	
S25	,130	$0	$0	
~30	,490	!U,025	$5,464	

Apr

$9,558

S25,130

$34,688

Max

Sl,677

$0

$1,677

	'""	
$7,587	
	so	
$7,	5B7	

,,1

$0
so

$0

A,1

$0

$0

$0

Seot

$0
..$0

_	Total

S261,151		
S75,390		
$336,541	1	

ENGINEERING			
ATTORNEY				
ARBITRAGE				
DISSEMINATION			
ANNUAL	AUOO			
TRUSTEE	FEES			
ASSESSMENT ADMINISTRATION			
MANAGEMENT FEES			
INFORMATION TE~NOLOGV			
TELEPHONE				
POSTAGE				
TRAVEL PER	DIEM			
PRINTING & BINDING			
INSURANCE				
LEGAL ADVERTISING			
OTHER QJRRENT DIARGES			
OFFICE SUPPLIES			
PROPERTY APPRAISER			
DUES, LICENSES & SUBSCRIPTIONS			
flfJ.Cl;.					
FIElD SERVICES			
UTllmES					
LANDSCAPE	MAINTENANCE			
LANDSCAPE	CONTINGENCY			
PROPERTY INSURANCE			
LONDON	CREEK RANc.H MAINTENANCE			
LAKE MAINTENANCE			
LAKE CONTINGENCY			
IRRIGATION	REPAIRS			
LIGHTING MAINTENANCE			
REPAIRS & MAINTENANCE			
CONTINGENCY			
TOTAL EXPENDmJRES	I		
					
EXCESS REVENUES/(EXPENOrrUAESI	I		

SB75

S3,2U

50

$292

$0

$0

$5,000

$2,708

S50

$0

$6

50

S11

$8,930

$764

$0

$0

so

S175

$625

$672

Sl0,042

$6,097

$5,723

$0

S840

$0

$0

$0

50

$0

$46,022

(120.8921

Sl,448

$2,874

$0

$292

$0

$0

$0

S2.708

$50

$0

$12

$0

$3

$0

$249

$0

so

so

$0

$625

$650

59,039

$7,700

$0

$0

$840

$0

$0

$0

so

$376

S26,866

!SB,9821

$1,033

S773

50

$292

50

$0

$0

S2,70B

$50

$0

S2

$0

S17

$0

$0

$0

$0

$0

$0

$625

$605

$8,742

$0

$0

$0

$840

$0

$0

$0

$0

$0

$15,688

S186,910

$0

$490

$0

$292

so

so

so

S2,708

$50

$0

S2

so

Sl

$0

$0

$SO

so

So

$0

S62S

S755

$9,039

$0

$0

$1,000

S840

$0

$0

$0

so

$1,157

$17,008

$13,481

$700

$748

so

$292

$0

$0

$0

S2,708

$50

so

$2

$0

$0

$0

$0

$0

so

$421

so

$625

$699

$9,039

so

$0

so

$840

$0

S640

Sl,040

$380

$0

$18,184

{$7,1591

S945

$3,055

$0

$292

$0

$0

$0

S2,708

S50

so

$1

$0

$0

$0

$0

so

$0

so

so

$625

$670

$9,039

$0

so

so

$840

$0

$24S

$0

$0

$358

$18,827

!SB,3631

S525

$624

$0

$292

$0

$0

$0

$2,708

S50

S7

$9

$0

$25

$0

$0

so

$0

so

$0

$62S

$571

$9,039

$0

so

$9,000

$840

$0

$0

$0

S600

$0

$24,916

$9,771

S350

$3,511

S650

$292

$6,400

$3,500

$0

S2,708

S50

$0

S14

$0

S14

50

$0

$0

Sl

so

$0

$625

$710

$11,779
so

$0

$0

$840
so

$0

$0

$0

$0

su,...

1$29,7671

$0

$0

$0

$292

$0

$0

$0

$2,708

S50

$0

59

50

S10

$0

$0

$0

so

$0

$0

$625

$635

$11,779

$0

$0

$8,000

$840

$0

$0

$0

so

so

$24,949

!S17.3621

$0

50

$0

$0

$0

$0

$0

S0

so

S0

S0

so

$0

S0

$0

$0

so

so

$0

$0

so

so

so

$0

$0

$0

$0

$0

$0

so

so

$0

$0

$0

$0

$0

$0

so

so

So

so

$0

so

so

$0

$0

$0

$0

S0

S0

$0

$0

$0

$0

$0

so

so

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

so

$0

so

$0

so

so

$0

$0

$0

so

So

$0

$0

$0

$0

so

$0

50

$0

$0

$0

$0

$0

$0

$0

$0

$5,875		
S15,286		
S650		
$2,625		
$6,400		
S3	,500		
$5,000		
$24,375		
$450		
	$7		
	$57		
	so		
	S82		
$8	,930		
$1,013		
	$SO		
	S3		
$421		
$175		
$5,625		
$5,969		
$87,537		
Sl3,797		
S5,723		
SlB,000		
$7,560		
	$0		
$885		
$1,040		
S980		
$1,891		
$223,903	1	
$112,637	1	

5

Shingle

Creek

COMMUNITY

DEVELOPMENT

DISTRICT

LONG

TERM

DEBT

REPORT

SERIES

2015,

SPECIAL

ASSESSMENT

REVENUE

BONDS

INTEREST RATE:		
MATURITY DATE:		
RESERVE FUND DEFINITION		
RESERVE FUND REQUIREMENT	
RESERVE FUND BALANCE		
BONDS OUTSTANDING- 9/30/15	
LESS:	PRINCIPAL PAYMENT	11/1/16	
LESS:	PRINCIPAL PAYMENT	11/1/17	

	3.625%, 4.500%, 5.125%, 5.400%	
11/1/2045		
50%	MAXIMUM	ANNUAL DEBT SERVICE	
	$716,689		
	$719,446		
		$21,465,000	
		($345,000)	
		($360,000)	

CURRENT

BONDS

OUTSTANDING

$20,760,000

6

DATE

RECEIVED

DIST.

		SHINGLE CREEK					
	COMMUNITY DEVELOPMENT DISTRICT			
		SPECIAL ASSESSMENT RECEIPTS • FY2018				
		TAX COLLECTOR					
		GROSS ASSESSMENTS	$	1,595,016	$	27S,995	
			NET ASSESSMENTS	$	1,499,315	$	259,435	
GROSS ASSESSMENTS	DISCOUNTS/	COMMISSIONS	INTEREST	NET	AMOUNT	GENERAL FUND	
RECEIVED	PENALTIES	PAID	INCOME	RECEIVED		17.30%	

$	1,319,021	
$	1,239,880	
	2015	
DEBT SERVICE	
	82.70%	

TOTAL

100%

11/9/17 11/24/17 12/15/17 12/28/17 1/16/18 1/26/18 2/14/18 3/15/18 3/15/18 4/13/18 4/13/18 4/24/18 5/11/18 6/14/18 6/14/18 6/20/18

TOTALS

ACH	$	4,602.71	$	242.39	$	87.20	$		$	4,273.12	$	739.40	$	3,533.72	$	4,273.12	
ACH	$	105,311.94	$	4,212.63	$	2,022.00	$		$	99,077.31	$	17,143.94	$	81,933.37	$	99,077.31	
ACH	$	1,219,778.46	$	48,794.23	$	23,419.68	$		$	1,147,564.55	$	198,569.97	$	948,994.58	$	1,147,564.55	
ACH	$	24,538.71	$	789.88	$	474.97	$		$	23,273.86	$	4,027.22	$	19,246.64	$	23,273.86	
ACH	$	32,303.97	$	966.17	$	626.76	$		$	30,711.04	$	5,314.12	$	25,396.92	$	30,711.04	
ACH	$		$		$		$	263.57	$	263.57	$	45.61	$	217.96	$	263.57	
ACH	$	66,459.00	$	1,441.69	$	1,300.34	$		$	63,716.97	$	11,025.33	$	52,691.64	$	63,716.97	
ACH	$	335.40	$		$	6.70	$		$	328.70	$	56.88	$	271.82	$	328.70	
ACH	$	32,207.04	$	322.08	$	637.71	$		$	31,247.25	$	5,406.90	$	25,840.35	$	31,247.25	
ACH	$	53,934.06	$		$	1,078.69	$		$	52,855.37	$	9,145.88	$	43,709.49	$	52,855.37	
ACH	$	2,394.75	$		$	47.89	$		$	2,346.86	$	406.09	$	1,940.77	$	2,346.86	
ACH	$		$		$		$	32.99	$	32.99	$	5.71	$	27.28	$	32.99	
ACH	$	9,889.63	$		$	197.79	$		$	9,691.84	$	1,677.04	$	8,014.80	$	9,691.84	
ACH	$	12,110.88	$		$	242.22	$		$	11,868.66	$	2,053.71	$	9,814.95	$	11,868.66	
ACH	$	508.99	$		$	10.18	$		$	498.81	$	86.31	$	412.50	$	498.81	
ACH	$	32,120.17	$		$	642.41	$		$	31,477.76	$	5,446.79	$	26,030.97	$	31,477.76	
	$	1,596,495.71	$	56,769.07	$	30,794.54	$	296.56	$	1,509,228.66	$	261,150.87	$	1,248,077.79	$	1,509,228.66	

LEN OT HOLDINGS LLC

DATE

RECEIVED

10/16/17

1/2/18

2/24/18

4/3/18

7/10/18

DUE

DATE

10/1/17

1/1/18

3/1/18

4/1/18

7/1/18

9/1/18

DIRECT BILLED ASSESSMENTS								
		$294,018.67				$100,519.65	$193,499.02		
CHECK		NET		AMOUNT		GENERAL		SERIES		
NO.		ASSESSED		RECEIVED		FUND		2015		
912999	$	25,129.91	$	25,129.91	$	25,129.91	$	-		
937980	$	25,129.91	$	25,129.91	$	25,129.91	$	-		
959934	$	89,009.55	$	89,009.55	$	-	$	89,009.55		
973293	$	25,129.91	$	25,129.91	$	25,129.91	$	-		
										
1015552	$	25,129.91	$	25,129.91	$	25,129.91	$			
	$	104,489.47	$		$	-	$			
	$	294 018.66	$	189,529.19	$	100,519.64	$	89,009.55		

7

Shingle

Creek

Community Development District

Special

Assessment

Bonds,

Serles

2015

Date	Requisition #	Contractor	
Fiscal Year 2015			
8/5/15	2	Lennar Corporation	
		TOTAL	
Fiscal Year 2015			
6/1/15		Interest	
7/1/15		Interest	
8/1/15		Interest	
9/1/15		Interest	
		TOTAL	

Description

Acquisition of Infrastructure

	Requisition	
$	4,969,742.47	
$	4,969,742.47	
$	117.39	
$	1,141.79	
$	1,308.61	
$	939.90	
$	3,507.69	

Acquisition/Construction Fund at 5/28/15

Interest Earned thru 9/30/15

Requisitions Paid thru 9/30/15

Remaining Acquisition/Construction Fund

Footnote; Requlstlon 1 paid through COi trust account.

$19,800,000.00	
$	3,507.69	
$	(4,969,742.47)	
$14,833,765.22	

Date

Fiscal Year 2016

10/2/15

10/2/15

10/26/15

11/12/15

11/12/15

10/13/16

Requisition #

3

4

5

6

7

8

Contractor	Description		Requisition		
Billing, Cochran, Lytes, Mauro & Ramsey	Bond Related Legal Admin & Construction Services	$	7,249.05		
Franklin, Hart	& Reid	Survey, Bonds & Reimbursements through 9/1/15	$	4,868.75		
Franklin, Hart	& Reid	Bonds & Reimbursement through 10/7/15	$	7,010.00		
Franklin, Hart	& Reid	Construction Documents through 10/20/15	$	16,800.00		
Lennar Corporation	Construction Reimbursement through 8/31/15	$	2,134,772.82		
Franklin, Hart						
	& Reid	OP Plans & Budget/Reimbursement thru 8/26/16	$	1,125.00		
TOTAL			$	2,171,825.62		

Fiscal Year 2016		
10/1/15	Interest	
11/1/15	Interest	
12/1/15	Interest	
1/1/16	Interest	
2/1/16	Interest	
3/1/16	Interest	
4/1/16	Interest	
5/1/16	Interest	
6/1/16	Interest	
7/1/16	Interest	
8/1/16	Interest	
9/1/16	Interest	
	TOTAL	

Acquisition/Construction Fund at 10/1/16

Interest Earned thru 9/30/16

Requisitions Paid thru 9/30/16

(			Remaining Acquisition/Construction Fund		
					
Footnote: Requisitions 3-5	& 7	;,ccn1ed	in FY15		

$	121.93	
$	125.89	
$	110.58	
$	669.03	
$	1,724.86	
$	2,062.11	
$	2,417.37	
$	2,423.00	
$	2,603.24	
$	2,680.56	
$	2,673.20	
$	2,767.00	
$	20,378.77	
$14,833,765.22	
$	20,378.77	
$ (2,171,825.62)	
$ 12,682,318.37	

8

Shingle

Creek

Community Development District

Special Assessment Bonds, Series 2015

Date

Fiscal Year 2017

3/3/17

8/18/17

8/18/17

8/18/17

8/18/17

Requisition #	Contractor			Description			Requisition		
9	Lennar Corporation	Reimbursement	of Storey Lake Blvd. Ph 2 Costs	$	836,192.94		
10	Frankling Surveying & Mapping Inc.	lnv#l19971, 120026	& 120155 • Review SL Ph2 Reim.	$	6,372.50		
11	Frankllng Surveying & Mapping Inc.	lnv#l20210 • 2016-2017 Reimb. Analysis &	Review	$	2,275.00		
12	Lennar Corporation	Reimbursement	of Storey Lake Blvd. Tract 1 Ph	1 & 2 Costs	$	5,386,076.19		
13	KPM Franklin	lnv#120239 •	Review of Storey Lake Reimbursements	$	7,700.00		
	TOTAL					$	6,238,616.63		

Fiscal Year 2017

10/1/16

11/1/16

12/1/16

1/1/17

2/1/17

3/1/17

4/1/17

5/1/17

6/1/17

7/1/17

8/1/17

9/1/17

Interest

Interest

Interest

Interest

Interest

Interest

Interest

Interest

Interest

Interest

Interest

Interest

TOTAL

Acquisition/Construction Fund at 10/1/16

Interest Earned thru 9/30/17

Requisitions Paid thru 9/30/17

Remaining Acquisition/Construction Fund

$	2,801.29	
$	2,873.66	
$	2,870.92	
$	3,647.87	
$	4,545.84	
$	4,345.66	
$	5,108.09	
$	5,813.08	
$	6,347.31	
$	7,239.72	
$	8,589.50	
$	7,075.16	
$	61,258.10	
$12,682,318.37	
$	61,258.10	
$	(6,238,616.63)	
$	6,504,959.84	

Date	Requisition#	
Fiscal Year 2018		
1/29/18	14	
3/6/18	1S	
3/6/18	17	
S/16/18	18	
5/16/18	19	
5/25/18	20	
Fiscal Year 2018		

Contractor

KPM Franklin

Lennar Corporation

KPM Franklin

KPM Franklin

KPM Franklin

KPM Franklin

TOTAL

Description		Requisition		
				
lnv#120578 • Services related to Lennar reimbursement #S	$	6,300.00		
Reimbursement #5 for Storey Lake	$	3,055,535.89		
lnv#l20608 • Services related to Lennar reimbursement #5	$	3,062.50		
lnv#l20746 • Services related to property expansion	$	2,992.50		
lnv#l20687 • Services related to Lennar reimbursement #5	$	3,062.50		
Inv#• Services related to Lennar reimbursement #6	$	4,522.50		
	$	3,075,475.89		

10/1/17

11/1/17

12/1/17

1/1/18

2/1/18

3/1/18

4/1/18

5/1/18

6/1/18

Interest

Interest

Interest

Interest

Interest

Interest

Interest

Interest

Interest

TOTAL

Acquisition/Construction Fund at 10/1/17

Interest Earned thru 6/30/18

Requisitions Paid thru 6/30/18

Remaining Acquisition/Construction Fund

$

$

$

$

$

$

$

$

$

$

$

$

$

$

4,835.74

5,242.63

5,080.64

5,934.33

6,621.83

6,207.86

4,611.53

4,415.24

4,769.92

47,719.72

6,504,959.84

47,719.72

(3,075,475.89)

3,477,203.67

9

SECTION

3

NOTICE OF MEETINGS

SHINGLE CREEK

COMMUNITY DEVELOPMENT DISTRICT

The Board of Supervisors of the

Shingle Creek Community Development

District will hold

the Oasis Club at 33896, at 12:00 p.m.

its regularly scheduled ChampionsGate, 1520 on the first Monday of

public meetings for the Fiscal Year 2019 at

Oasis Club Boulevard,  ChampionsGate,  FL
the month as follows:

October 1, 2018

November

5, 2018

December 3, 2018

January 7, 2019

February 4, 2019

March 4, 2019

April 1, 2019

May6,2019

June

(July

3, 2019 Meeting

Removed

from

Schedule)

August 5, 2019 Exception: September

9,

2019

The meetings are open to the public and will be conducted in	accordance with	
the provisions of Florida law for Community Development Districts.	A copy of the	
agenda for a particular meeting may be obtained by contacting the office of the District	
Manager at 135 W. Central Blvd., Suite 320, Orlando, Florida 32801, (407) 841-5524.	

A meeting may be continued to a date, record at that meeting. There may be occasions other individuals will participate by telephone.

time when

and one

place to or more

be specified on the Supervisors, staff or

	Any  person	requiring  special  accommodations  at  a  meeting  because  of	a	
disability or physical impairment should	contact the District Office at (407) 841-5524	at	
least	48 hours prior to the meeting.	If	you	are hearing or	speech impaired,  please	
contact the Florida Relay Service	at	(800)  955-8770 for aid	in contacting the District	
Office.									
	Each person	who decides to	appeal	any	action taken at	these meetings is advised	
	that person	will  need  a  record  of	the	proceedings  and  that accordingly,  the	
	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.		
		George S. Flint								
		Governmental	Management Services - Central Florida, LLC		
		District Manager							

\	Tax~	tions Inc.
Specializing In T~ -Exempt Bond Services

LLS Tax Solutions

2172 W. Nine Mile Rd.

#352

Pensacola, FL 32534

Telephone: 850-754-0311

Email: liscott@llstax.com

June 25, 2018

Ms. Teresa Viscarra

Shingle Creek Community Development District

c/o GMS-CF, LLC

135 W Central Boulevard, Suite 320

Orlando, Florida 32801

$21,465,000

Shingle Creek Community Development District

(Osceola, Florida)

Special Assessment Bonds, Series 2015

Dear Ms. Viscarra:

Attached you will find our arbitrage rebate report for the above-referenced issue for the annual period ended May 27, 2018. This report indicates that there is no rebate liability as of May 27, 2018.

The next annual arbitrage rebate report date is May 27, 2019. We have enclosed the engagement letter for the next annual arbitrage calculation for you to sign and return. If you have any questions or comments, please do not hesitate to contact me at (850) 754-0311 or by email at liscott@llstax.com.

Sincerely,

L~L.

Swtf-

Linda L.

Scott,

CPA

cc:  Ms. Janet Ricardo, Regions Bank, Jacksonville, FL.

Shingle Creek Community

Development

District

$21,465,000 Shingle Creek Community

Development District (Osceola County, Florida) Special

Assessment Bonds, Series 2015

For

the

period

ended

May

27,

2018

\ Tax~	ions Inc.

Specializing In. Tax • Exempt Bond Services

LLS Tax Solutions

2172 W. Nine Mile Rd.

#352

Pensacola, FL 32534

Telephone: 850-754-0311

Email: liscott@llstax.com

June 25, 2018

Shingle Creek Community Development District
c/o GMS-CF, LLC

135 W Central Boulevard, Suite 320

Orlando, Florida 32801

Re: $21,465,000 Shingle Creek Community Development District (Osceola County, Florida) Special Assessment Bonds, Series 2015 ("Bonds")

Shingle Creek Community Development District ("Client") has requested that we prepare certain computations related to the above-described Bonds for the period ended May 27, 2018 ("Computation Period"). The scope of our engagement consisted of the preparation of computations to determine the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(±) of the Internal Revenue Code of 1986, as amended ("Code"), and this report is not to be used for any other purpose.

In order to prepare these computations, we were provided by the Client with and have relied upon certain closing documents for the Bonds and investment earnings information on the proceeds of the Bonds during the Computation Period. The attached schedule is based upon the aforementioned information provided to us. The assumptions and computational methods we used in the preparation of the schedule are described in the Summary ofNotes, Assumptions, Definitions and Source Information. A brief description of the schedule is also attached.

The results of our computations indicate a negative Cumulative Rebate Requirement May 27, 2018. As such, no amount must be on deposit in the Rebate Fund.

of

$(1,956,279.43) at

As specified in the Form 8038G, the calculations have been performed based upon a 5.3292%. Accordingly, we have not recomputed the Bond Yield.

Bond

Yield

of

The scope of our engagement was limited to the preparation of a mathematically accurate Rebate Requirement for the Bonds for the Computation Period based on the information provided to us. The Rebate Requirement has been determined as described in the Code, and regulations promulgated . thereunder ("Regulations"). We have no obligation to update this report because of events occurring, or information corning to our attention, subsequent to the date of this report.

LLS

T

o.-,u

S~

I~

SUMMARY OF DESCRIPTION

NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND OF SCHEDULE

Shingle Creek Community Development District
June 25, 2018

$21,465,000 Special Assessment Bonds, Series 2015

For the period ended May 27, 2018

NOTES AND ASSUMPTIONS

1.

2.

3.

4.

5.

The issue date of the Bonds is May 28, 2015.

The end of the first Bond Year for the Bonds is May 27, 2016.

Computations of yield are based upon a 30-day month, a 360-day year and semiannual compounding.

We have assumed that the only funds and accounts relating to the Bonds that are subject to rebate under Section 148(±) of the Code are shown in the attached schedule.

For investment cash flow purposes, all payments and receipts are assumed to be paid or received, respectively, as shown in the attached schedule. In determining the Rebate Requirement for the Bonds, we have relied on information provided by you without independent verification, and we can therefore express no opinion as to the completeness or suitability of such information for such purposes. In addition, we have undertaken no responsibility to review the tax exempt status of interest on the Bonds.

6.

7.

8.

We have assumed that the purchase and sale prices of all investments as represented to us are at	
fair market value, exclusive of brokerage commissions, administrative expenses, or similar	
expenses, and representative of arms' length transactions that did not artificially reduce the	
Rebate Requirement for the Bonds, and that no "prohibited payments" occurred and no "imputed	
receipts" are required with respect to the Bonds.	
Ninety percent (90%) of the Rebate Requirement as of the next "computation date" (''Next	
Computation Date") is due to the United States Treasury not later than 60 days thereafter ("Next	
Payment Date").	(An issuer may select any date as a computation date, as long as the first	
computation date is not later than five years after the issue date, and each subsequent computation	
date is no more than five years after the previous computation date.)  No other payment of rebate	
is required prior	to the Next Payment Date.  The Rebate Requirement as of the Next Computation	
Date will not be	the Rebate Requirement reflected herein, but will be based on future	
computations that will include the period ending on the Next Computation Date.  If all of the	
Bonds are retired prior to what would have been the Next Computation Date, one hundred percent	
(100%) of the unpaid Rebate Requirement computed as of the date ofretirement will be due to	
the United States Treasury not later than 60 days thereafter.	
For purposes of determining what constitutes an "issue" under Section 148(±) of the Code, we	
have assumed that the Bonds constitute a single issue and are not required to be aggregated with	
any other bonds.		

-2-

SUMMARY OF DESCRIPTION

NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND OF SCHEDULE

Shingle Creek Community Development District

June 25, 2018

$21,465,000 Special Assessment Bonds, Series 2015
For the period ended May 27, 2018

NOTES AND ASSUMPTIONS (cont'd)

9.

The accrual basis of accounting has been used to calculate earnings on investments. Earnings accrued but not received at the last day of the Computation Period are treated as though received on that day. For investments purchased at a premium or a discount (if any), amortization or accretion is included in the earnings accrued at the last day of the Computation Period. Such amortization or accretion is computed in such a manner as to result in a constant rate of return for such investment. This is equivalent to the "present value" method of valuation that is described in the Regulations.

10.

11.

No provision has been made in this report for any debt service fund.  Under Section 148(f)(4)(A)	
of the Code, a "bona fide debt service fund" for public purpose bonds issued after November 10,	
1988 is not subject to rebate if the average maturity of the issue of bonds is at least five years and	
the rates of interest on the bonds are fixed at the issue date.  It appears and has been assumed that	
the debt service fund allocable to the Bonds qualifies as a bona fide debt service fund, and that	
this provision applies to the Bonds.	
The Bonds are being issued to provide funds to the District that will be used, together with	
other funds, to: (i) pay the costs of certain stormwater management and control facilities,	
including,	but	not limited to, related earthwork;  onsite and offsite roadway improvements,	
including,	but	not limited to, landscaping and irrigation in public rights of way; entrance	
features; reclaimed water facilities and related incidental costs (collectively, the "2015	
Project"), as further described in the Shingle Creek Community Development District Report	
of the District Engineer (the "Engineering Report") prepared by Franklin, Hart and Reid (the	
"District Engineer") and  included  in the transcript  of proceedings and a synopsis of which	
is attached as Schedule I hereto, (ii) fund capitalized interest on  the Bonds through	
November 1, 2015, (iii) fund the Series 2015 Reserve Account of the  Reserve Fund in an	
amount equal to the Series 2015 Reserve Requirement, and (iv) pay the costs of issuance of	
the Bonds.			

- 3 -

SUMMARY OF DESCRIPTION

NOTES, ASSUMPTIONS, DEFINITIONS, OF SCHEDULE

SOURCE

INFORMATION,

AND

Shingle Creek Community Development District
June 25, 2018

$21,465,000 Special Assessment Bonds, Series 2015

For the period ended May 27, 2018

DEFINITIONS

1.

2.

3.

4.

5.

6.

Bond Year: Each one-year period that ends on the day selected by the Client.	The first and last	
Bond Years may be shorter periods.		
Bond Yield: The yield that, when used in computing the present value (at the	issue date of the	
Bonds) of all scheduled payments of principal and interest to be paid over the life of the Bonds,	
produces an amount equal to the Issue Price.		
Allowable Earnings: The amount that would have been earned if all nonpurpose investments were	
invested at a rate equal to the Bond Yield, which amount is determined under a future value	
method described in the Regulations.		
Computation Date Credit: A credit allowed by the Regulations as a reduction to the Rebate	
Requirement on certain prescribed dates.		
Rebate Requirement: The excess of actual earnings over Allowable Earnings and Computation	
Date Credits.		
Issue Price: Generally, the initial offering price at which a substantial portion of the Bonds is sold	
to the public.  For this purpose, 10% is a substantial portion.		

-4-

SUMMARY OF DESCRIPTION

NOTES, ASSUMPTIONS, DEFINITIONS, OF SCHEDULE

SOURCE

INFORMATION,

AND

Shingle Creek Community Development District
June 25, 2018

$21,465,000 Special Assessment Bonds, Series 2015

For the period ended May 27, 2018

SOURCE INFORMATION

Closing Date	Form 8038G

Bond Yield	Form 8038G

Investments

Principal and Interest Receipt Amounts	Trust Statements

and Dates

Investment Dates and Purchase Prices	Trust Statements

- 5 -

SUMMARY OF DESCRIPTION

NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND OF SCHEDULE

Shingle Creek Community Development District
June 25, 2018

$21,465,000 Special Assessment Bonds, Series 2015
For the period ended May 27, 2018

DESCRIPTION SCHEDULE 1 -

OF SCHEDULE

REBATE REQUIREMENT CALCULATION

Schedule 1 sets forth the amount of interest receipts and gains/losses on sales calculation of the Rebate Requirement.

of

investments

and

the

- 6 -

$21,465,000 SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)

SPECIAL ASSESSMENT BONDS, SERIES 2015

SCHEDULE 1 - REBATE REQUIREMENT CALCULATION	
5	/	28	/	2015	ISSUE DATE	
5	/	28	/	2015	BEGINNING OF COMPUTATION PERIOD	
5	/	27	/	2018	COMPUTATION DATE	

		DATE		FUND/ACCOUNT	
5	/	28	/	2015	INITIAL DEPOSIT	
6	I	1	/	2015	ACQUISITION/CONSTRUCTION ACCT	
7	I	1	/	2015	ACQUISITION/CONSTRUCTION ACCT	
8	I	3	/	2015	ACQUISITION/CONSTRUCTION ACCT	
8	I	5	/	2015	ACQUISITION/CONSTRUCTION ACCT	
9	/	1	/	2015	ACQUISITION/CONSTRUCTION ACCT	
9	/	1	/	2015	ACQUISITION/CONSTRUCTION ACCT	
10	/	1	/	2015	ACQUISITION/CONSTRUCTION ACCT	
10	/	2	/	2015	ACQUISITION/CONSTRUCTION ACCT	
10	/	2	/	2015	ACQUISITION/CONSTRUCTION ACCT	
10	/	2	I	2015	ACQUISITION/CONSTRUCTION ACCT	
11	/	2	/	2015	ACQUISITION/CONSTRUCTION ACCT	
11	/	12	/	2015	ACQUISITION/CONSTRUCTION ACCT	
11	/	12	/	2015	ACQUISITION/CONSTRUCTION ACCT	
12	/	1	/	2015	ACQUISITION/CONSTRUCTION ACCT	
1	/	4	I	2016	ACQUISITION/CONSTRUCTION ACCT	
2	I	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
3	/	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
4	I	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
5	/	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
6	I	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
7	I	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
8	I	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
9	/	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
10	/	3	/	2016	ACQUISITION/CONSTRUCTION ACCT	
10	/	13	/	2016	ACQUISITION/CONSTRUCTION ACCT	
11	/	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
12	/	1	/	2016	ACQUISITION/CONSTRUCTION ACCT	
1	/	3	/	2017	ACQUISITION/CONSTRUCTION ACCT	
2	/	1	/	2017	ACQUISITION/CONSTRUCTION ACCT	
3	/	1	/	2017	ACQUISITION/CONSTRUCTION ACCT	
3	/	3	/	2017	ACQUISITION/CONSTRUCTION ACCT	
4	I	3	/	2017	ACQUISITION/CONSTRUCTION ACCT	

INVESTMENT	EARNINGS	OTHER	FUTURE VALUE		
VALUE AT	ON	DEPOSITS	AT BOND YIELD	ALLOWABLE	
COMPUTATION DATE	INVESTMENTS	(WITHDRAWALS}	5.3292%	EARNINGS	
	0.00	19,800,000.00	23,180,673.94	3,380,673.94	
	117.39	0.00	0.00	0.00	
	1,141.79	0.00	0.00	0.00	
	1,308.61	0.00	0.00	0.00	
	0.00	(4,969,742.47)	(5,761,608.00)	(791,865.53)	
	28.45	0.00	0.00	0.00	
	911.45	0.00	0.00	0.00	
	121.93	0.00	0.00	0.00	
	0.00	(7,249.05)	(8,334.40)	(1,085.35)	
	0.00	(4,868.75)	(5,597.71)	(728.96)	
	0.00	(7,010.00)	(8,059.56)	(1,049.56)	
	125.89	0.00	0.00	0.00	
	0.00	(16,800.00)	(19,202.80)	(2,402.80)	
	0.00	(2,134,772.82)	(2,440,096.42)	(305,323.60)	
	110.58	0.00	0.00	0.00	
	669.03	0.00	0.00	0.00	
	1,724.86	0.00	0.00	0.00	
	2,062.11	0.00	0.00	0.00	
	2,417.37	0.00	0.00	0.00	
	2,423.00	0.00	0.00	0.00	
	2,603.24	0.00	0.00	0.00	
	2,680.56	0.00	0.00	0.00	
	2,673.20	0.00	0.00	0.00	
	2,767.00	0.00	0.00	0.00	
	2,801.29	0.00	0.00	0.00	
	0.00	(1,125.00)	(1,225.20)	(100.20)	
	2,873.66	0.00	0.00	0.00	
	2,870.92	0.00	0.00	0.00	
	3,647.87	0.00	0.00	0.00	
	4,545.84	0.00	0.00	0.00	
	4,345.66	0.00	0.00	0.00	
	0.00	(836,192.94)	(892,231 .61)	(56,038.67)	
	5,108.09	0.00	0.00	0.00	

Page 1

$21,465,000	SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)	
SPECIAL ASSESSMENT BONDS, SERIES 2015	
SCHEDULE 1 - REBATE REQUIREMENT CALCULATION	
5	/	28	/	2015	ISSUE DATE	
5	/	28	/	2015	BEGINNING OF COMPUTATION PERIOD	
5	/	27	/	2018	COMPUTATION DATE	

5

6

7

6

6

6

6

6

9

10

10

11

12

1

1

2

3

3

3

4

5

5

5

5

5

5

6

7

6

9

9
10

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/

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/

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DATE	
1	/	
1	/	
3	I	
1	/	

18	/

18	/

18	/

18	/

1	/

2	I

2	I

1	/

1	/

	2  I

29	/

1	/

1	/

6	I

6	I

	2  I

1	/

16	/

	16  /

	25  /

	27  /

28	/

1	/

1	/

3	/

1	/

1	/

1	/	

2017

2017

2017

2017

2017

2017

2017

2017

2017

2017

2017

2017

2017

2018

2018

2018

2018

2018

2018

2018

2018

2018

2018

2018

2018

2015

2015

2015

2015

2015

2015

2015

FUND/ACCOUNT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

ACQUISITION/CONSTRUCTION ACCT

INTEREST ACCRUAL

INITIAL DEPOSIT

CAPITALIZED INTEREST ACCOUNT

CAPITALIZED INTEREST ACCOUNT

CAPITALIZED INTEREST ACCOUNT

CAPITALIZED INTEREST ACCOUNT

CAPITALIZED INTEREST ACCOUNT

CAPITALIZED INTEREST ACCOUNT

INVESTMENT	EARNINGS	
VALUE AT	ON	
COMPUTATION DATE	INVESTMENTS	
	5,813.08	
	6,347.31	
	7,239.72	
	8,589.50	
	0.00	
	0.00	
	0.00	
	0.00	
	7,075.16	
	4,835.74	
	162.57	
	5,080.06	
	5,080.64	
	5,934.33	
	0.00	
	6,621.83	
	6,207.86	
	0.00	
	0.00	
	4,611.53	
	4,415.24	
	0.00	
	0.00	
	0.00	
	4,612.27	
3,477,046.02	132,706.63	
	0.00	
	2.74	
	26.61	
	30.49	
	0.89	
	26.97	
	3.79	

OTHER

DEPOSITS

(WITHDRAWALS)

0.00

0.00

0.00

0.00

(6,372.50)

(2,275.00)

(7,700.00)

(5,386,076.19)

0.00

0.00

0.00

0.00

0.00

0.00

(6,300.00)

0.00

0.00

(3,055,535.89)

(3,062.50)

0.00

0.00

(2,992.50)

(3,062.50)

(4,522.50)

0.00

3,344,339.39

461,363.00

0.00

0.00

0.00

0.00

0.00

0.00

FUTURE VALUE

AT BOND YIELD

5.3292%

0.00

0.00

0.00

0.00

(6,637.61)

(2,369.65)

(8,020.34)

(5,610,151 .74)

0.00

0.00

0.00

0.00

0.00

0.00

(6,409.55)

0.00

0.00

(3,091,909.07)

(3,098.96)

0.00

0.00

(2,997.31)

(3,067.43)

(4,523.82)

0.00

5,305,132.81

540,136.63

0.00

0.00

0.00

0.00

0.00

0.00

ALLOWABLE

EARNINGS

0.00

0.00

0.00

0.00

(265.11)

(94.65)

(320.34)

(224,075.55)

0.00

0.00

0.00

0.00

0.00

0.00

(109.55)

0.00

0.00

(36,373.18)

(36.46)

0.00

0.00

(4.81)

(4.93)

(1.32)

0.00

1,960,793.37

78,773.63

0.00

0.00

0.00

0.00

0.00

0.00

Page2

$21,465,000 SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)

SPECIAL ASSESSMENT BONDS, SERIES 2015

SCHEDULE 1 - REBATE REQUIREMENT CALCULATION	
5	/	28	/	2015	ISSUE DATE	
5	/	28	/	2015	BEGINNING OF COMPUTATION PERIOD	
5	/	27	/	2018	COMPUTATION DATE	

		DATE		FUND/ACCOUNT	
10	/	30	/	2015	CAPITALIZED INTEREST ACCOUNT	
11	/	2	I	2015	CAPITALIZED INTEREST ACCOUNT	
1	/	4	/	2016	CAPITALIZED INTEREST ACCOUNT	
2	/	1	/	2016	CAPITALIZED INTEREST ACCOUNT	
3	I	1	/	2016	CAPITALIZED INTEREST ACCOUNT	
4	/	1	/	2016	CAPITALIZED INTEREST ACCOUNT	
5	/	1	/	2016	CAPITALIZED INTEREST ACCOUNT	
6	I	1	/	2016	CAPITALIZED INTEREST ACCOUNT	
7	I	1	/	2016	CAPITALIZED INTEREST ACCOUNT	
6	I	1	/	2016	CAPITALIZED INTEREST ACCOUNT	
9	/	1	/	2016	CAPITALIZED INTEREST ACCOUNT	
10	I	3	I	2016	CAPITALIZED INTEREST ACCOUNT	
10	I	31	/	2016	CAPITALIZED INTEREST ACCOUNT	
5	/	28	I	2015	INITIAL DEPOSIT	
5	/	28	I	2015	COST OF ISSUANCE	
5	/	28	/	2015	COST OF ISSUANCE	
5	I	28	I	2015	COST OF ISSUANCE	
5	/	28	/	2015	COST OF ISSUANCE	
5	/	28	/	2015	COST OF ISSUANCE	
5	I	28	I	2015	COST OF ISSUANCE	
5	I	28	I	2015	COST OF ISSUANCE	
6	I	1	/	2015	COST OF ISSUANCE	
7	I	1	/	2015	COST OF ISSUANCE	
8	I	3	/	2015	COST OF ISSUANCE	
9	I	1	/	2015	COST OF ISSUANCE	
9	I	1	/	2015	COST OF ISSUANCE	
10	I	1	/	2015	COST OF ISSUANCE	
11	/	2	/	2015	COST OF ISSUANCE	
11	/	30	/	2015	COST OF ISSUANCE	
12	/	1	/	2015	COST OF ISSUANCE	
1	/	4	/	2016	COST OF ISSUANCE	
2	I	1	/	2016	COST OF ISSUANCE	

INVESTMENT	EARNINGS	
VALUE AT	ON	
COMPUTATION DATE	INVESTMENTS	
	0.00	
	3.67	
	0.01	
	0.01	
	0.02	
	0.02	
	0.02	
	0.02	
	0.02	
	0.02	
	0.02	
	0.02	
	0.00	
0.00	95.34	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.06	
	0.62	
	0.71	
	0.02	
	0.63	
	0.09	
	0.09	
	0.00	
	0.09	
	0.08	
	0.20	

OTHER

DEPOSITS

!WITHDRAWALS)

(461,363.01)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

{95.33)

(95.34!

208,011.35

(5,088.84)

(13,363.75)

(56,275.00)

(37,500.00)

(5,000.00)

(45,000.00)

(35,000.00)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(9,285.98)

0.00

0.00

0.00

FUTURE VALUE	
AT BOND YIELD	
5.3292%	
(528,274.29)	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	{103.55)	
11	758.79	
243,527.44	
(5,957.71)	
(15,645.49)	
(65,883.46)	
(43,902.79)	
(5,853.71)	
(52,683.35)	
(40,975.94)	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
(10,586.22)	
	0.00	
	0.00	
	0.00	

ALLOWABLE	
EARNINGS	
(66,911	.28)	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	{8.22)	
11	854.13	
35,516.09	
	(868.87)	
(2,281 .74)	
(9,608.46)	
(6,402.79)	
	(853.71)	
(7,683.35)	
(5,975.94)	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
(1,300.24)	
	0.00	
	0.00	
	0.00	

Page3

$21,465,000 SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)		
SPECIAL ASSESSMENT BONDS, SERIES 2015				
SCHEDULE 1 - REBATE REQUIREMENT CALCULATION				
5	/	28	/	2015	ISSUE DATE				
5	/	28	/	2015	BEGINNING OF COMPUTATION PERIOD				
5	/	27	/	2018	COMPUTATION DATE				
						INVESTMENT	EARNINGS		
						VALUE AT	ON		
		DATE		FUND/ACCOUNT	COMPUTATION DATE	INVESTMENTS		
3	/	1	/	2016	COST OF ISSUANCE		0.24		
4	I	1	/	2016	COST OF ISSUANCE		0.29		
5	/	1	/	2016	COST OF ISSUANCE		0.29		
5	/	19	/	2016	COST OF ISSUANCE		0.00		
						0.00	3.41		
5	/	28	/	2015	INITIAL DEPOSIT		0.00		
6	I	1	/	2015	RESERVE ACCOUNT		4.25		
7	I	1	/	2015	RESERVE ACCOUNT		41 .33		
8	/	3	/	2015	RESERVE ACCOUNT		47.37		
9	/	1	/	2015	RESERVE ACCOUNT		1.37		
9	I	1	/	2015	RESERVE ACCOUNT		41 .90		
9	I	15	/	2015	RESERVE ACCOUNT		0.00		
10	/	1	/	2015	RESERVE ACCOUNT		5.89		
11	/	2	I	2015	RESERVE ACCOUNT		6.09		
12	/	1	/	2015	RESERVE ACCOUNT		5.89		
1	/	4	I	2016	RESERVE ACCOUNT		37.87		
2	I	1	/	2016	RESERVE ACCOUNT		97.62		
3	/	1	/	2016	RESERVE ACCOUNT		116.71		
3	I	18	/	2016	RESERVE ACCOUNT		0.00		
4	I	1	/	2016	RESERVE ACCOUNT		136.79		
5	/	1	/	2016	RESERVE ACCOUNT		137.08		
6	I	1	/	2016	RESERVE ACCOUNT		147.28		
7	I	1	/	2016	RESERVE ACCOUNT		151 .65		
8	/	1	/	2016	RESERVE ACCOUNT		151.24		
9	I	1	/	2016	RESERVE ACCOUNT		156.54		
10	/	3	I	2016	RESERVE ACCOUNT				
							158.48		
11	/	1	/	2016	RESERVE ACCOUNT				
							162.59		
12	/	1		2016	RESERVE ACCOUNT				
			/				162.44		
									
1	/	3	/	2017	RESERVE ACCOUNT		206.40		
2	I	1	/	2017	RESERVE ACCOUNT		257.21		
3	I	1	/	2017					
					RESERVE ACCOUNT		245.88		
4	/	3	/	2017	RESERVE ACCOUNT				
							308.13		
5	/	1	/	2017	RESERVE ACCOUNT		352.08		

OTHER	FUTURE VALUE	
DEPOSITS	AT BOND YIELD	
(WITHDRAWALS}	5.3292%	
0.00		0.00	
0.00		0.00	
0.00		0.00	
(1,501.19}	(1	,669.65)	
(3.41 )		369.12	
716,689.38	839,057.72	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
(136.22)		(157.00)	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
(270.07)		(303.07)	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	
0.00		0.00	

ALLOWABLE	
EARNINGS	
	0.00	
	0.00	
	0.00	
(1	68.46}	
372.53	
122,368.34	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
(20.78)	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
(33.00)	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	
	0.00	

Page4

$21,465,000	SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)	
SPECIAL ASSESSMENT BONDS, SERIES 2015	
SCHEDULE 1 - REBATE REQUIREMENT CALCULATION	
5	/	28	/	2015	ISSUE DATE	
5	/	28	/	2015	BEGINNING OF COMPUTATION PERIOD	
5	/	27	/	2018	COMPUTATION DATE	

6

7

8

9

10

10

11

12

1

2

3

4

4

5
5

I

I

/

/

/

/

/

/

/

/

/

I

/

/
/

DATE		
1	/	2017	
3	/	2017	
1	/	2017	
1	/	2017	
2	/	2017	
2	/	2017	
1	/	2017	
1	/	2017	
2	/	2018	
1	/	2018	
1	/	2018	
2	/	2018	
30	/	2018	
1	/	2018	
27	/	2018	

		INVESTMENT	
		VALUE AT	
FUND/ACCOUNT		COMPUTATION DATE	
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
RESERVE ACCOUNT		
INTEREST ACCRUAL		
		719,413.31	
		4,196,459.33	
ACTUAL EARNINGS			
ALLOWABLE EARNINGS		
REBATE REQUIREMENT		
FUTURE VALUE OF	5/27/2016	COMPUTATION DATE CREDIT	
FUTURE VALUE OF	5/27/2017	COMPUTATION DATE CREDIT	
COMPUTATION DATE CREDIT	
CUMULATIVE REBATE REQUIREMENT	

EARNINGS	
	ON		
INVESTMENTS	
	384.44	
	438.49	
	520.24	
	540.36	
	536.21	
	18.03	
	563.31	
	563.37	
	658.03	
	734.34	
	689.03	
	850.06	
	0.00	
	921	.38	
	952.49	
	11,509.86	
	144,315.24	
	144,315.24	
2,095,301.47	
(1	,950,986.23)	
	(1,833.02)	
	(1,760.18)	
	(1,700.00)	
(1	,956,279.43)	

OTHER

DEPOSITS

(WITHDRAWALS)

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(8,379.64)

0.00
0.00

707,903.45

4,052,144.09

FUTURE VALUE

AT BOND YIELD

5.3292%

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(8,412.76)

0.00

0.00

830,184.89

6,147,445.59

ALLOWABLE

EARNINGS

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

(33.12)
0.00

0.00

122,281.44

2,095,301.47

Page 5

SECTION

4