Shingle Creek Community Development District

Agenda

May  4, 2020

Shingle Creek
Community Development District

219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524- Fax: 407-839-1526

April 27, 2020

Board of Supervisors Shingle Creek Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of the Shingle Creek Community Development District will be held Monday, May 4, 2020 at 12:00 p.m. via Zoom: https://zoom.us/j/97552643655. Following is the advance agenda for the regular meeting:

Roll Call
Public Comment Period
Approval of Minutes of the December 2, 2019 and December 24, 2019 Meetings
Consideration of Addendum to Agreement with Down to Earth Landscape for Addition of Landscaping Areas
Consideration of Resolution 2020-02 Declaring the Series 2015 Project Complete
Consideration of Resolution 2020-03 Declaring the Series 2019 Project Complete
Ratification of Data Usage and Sharing Agreement with the Osceola County Property Appraiser
Review and Acceptance of Fiscal Year 2019 Audit Report
Ratification of Agreement for Lighting Services with Kissimmee Utility Authority
Consideration of Resolution 2020-04 Approving the Proposed Fiscal Year 2021 Budget and Setting a Public Hearing
Consideration of Agreement with LLS Tax Solutions to Provide Arbitrage Rebate Calculation Services
Staff Reports
Attorney
Update on Auditing Requirements
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
m. Designation of November 2, 2020 as Landowners' Meeting Date (1 seat)
iv. Presentation of Qualifying Period and Procedure
Other Business
Supervisor's Requests
Adjournment

The second order of business of the Board of Supervisors Meeting is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

The third order of business is the approval of minutes of the December 2, 2019 and December 24, 2019 meetings. The minutes are enclosed for your review.

The fourth order of business is the consideration of addendum to the agreement with Down to Earth Landscape for the addition of landscaping areas. The proposals from Down to Earth are enclosed for your review.

The fifth order of business is the consideration of Resolution 2020-02 declaring the Series 2015 project complete. A copy of the Resolution and completion certificate will be provided under separate cover.

The sixth order of business is the consideration of Resolution 2020-03 declaring the Series 2019 project complete. A copy of the Resolution and completion certificate will be provided under separate cover.

The seventh order of business is the ratification of the Data Usage and Sharing agreement with the Osceola County Property Appraiser. A copy of the agreement is enclosed for your review.

The eighth order of business is the review and acceptance of the Fiscal Year 2019 audit report. A copy of the report is enclosed for your review.

The ninth order of business is ratification of the lighting services agreement with Kissimmee Utility Authority. A copy of the agreement is enclosed for your review.

The tenth order of business is the consideration of Resolution 2020-04 approving the proposed Fiscal Year 2021 budget and setting a public hearing. Once approved, the proposed budget will be transmitted to the governing authorities at least 60 days prior to the final budget hearing. A copy of the Resolution and proposed budget are enclosed for your review.

The eleventh order of business is the consideration of agreement with LLS Tax Solutions to provide arbitrage rebate calculation services. A copy of the agreement is enclosed for your review.

The twelfth order of business is Staff Reports. Section 1 of  the Attorney's Report is an update  on the auditing requirements. Chapter 2019-15 (SB7014) is enclosed for your review. 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 review. Section 2 is the designation of November 2, 2020 as the landowners' meeting date. The instructions, sample agenda and landowner proxy are enclosed for your review. Section 4 is the presentation of the qualifying period and procedure. A copy of the information is enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime,  if  you should have any questions, please contact me.

Sincerely,

George S. Flint District Manager

Cc:	Jan Carpenter, District Counsel David Reid, 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, December 2, 2019 at 12:00 p.m. at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, Florida.

Present and constituting a quorum were:

Adam Morgan Mark Revell Lane Register

Also present were:

George Flint Andrew d' Adesky David Reid
Alan Scheerer Residents

Vice Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll at 12:00 p.m. A quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Only Staff and Board Members are present.

THIRD  ORDER OF BUSINESS	Approval of Minutes of the September 9,
2019 Meeting
Mr. Flint: You have the minutes from the September 9, 2019 meeting. Are there any comments from the Board?
Mr. Morgan: I have none.
Mr. Register: They look good.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor the minutes of the September 9, 2019 meeting were approved, as presented.

FOURTH ORDER OF BUSINESS	Ratification	of   Agreement   with   Grau	&
Associates to Provide Auditing Services for the Fiscal Year 2019
Mr. Flint: The Board bid out these services and Grau & Associates (Grau) was selected. The agreement is consistent with the fees Grau provided in their proposal. In an effort to get the audit underway, I executed the agreement, so I am asking the Board to ratify that action.

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor the Agreement with Grau & Associates to provide auditing services for Fiscal Year 2019 in an amount not-to-exceed $4,500 was ratified.

FIFTH ORDER OF BUSINESS	Ratification of Series 2019 Requisition #4 and
Consideration of Series 2019 Requisition #5
Mr. Flint: We have Requisitions #4 and #5 for the Series 2019 bonds. Requisition #4 is for LEN OT Holdings in the amount of $9,509,538.84. The detail is attached. It was signed by the Chair and Consulting Engineer. Although Board approval is not required for processing  these, we always place them on the agenda to have them ratified, or if we have time, approved in advance. Are there any questions on Requisition #4? If not, we have Requisition #5 for Hamilton Engineering & Surveying associated with engineering services relative to the 2019 assessment area in the amount of $7,655. If there are no questions, we need a motion to ratify Requisition #4 and approve Requisition #5.

On MOTION by Mr. Morgan seconded by Mr. Revell with all in favor ratifying Requisition #4 and approving Requisition #5 for Series 2019 was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: Andrew, do you have anything?
Mr. d' Adesky: The only item to report is the Shingle Creek and Westside CDD lawsuit is scheduled for hearing on December 16, 2019. The only relevance to the CDD is there is

anticipated to be in the future, an Interlocal Agreement between the CDDs regarding the shared amenities.

Engineer
Mr. Flint: Dave, do you have anything new? Mr. Reid: No.

District Manager's Report
Approval of Check Register
Mr. Flint: You have the Check Register for September. For the General Fund, you have Checks 340 through 348 totaling $56,789.38 and the October Check Register totaling
$198,578.21. The detail is behind both Check Registers. If you have any questions, we can discuss those? Otherwise, I would ask for a motion to approve both Check Registers.

On MOTION by Mr. Register seconded by Mr. Morgan with all in favor the September and October Check Registers were approved.

Balance Sheet and Income Statement
Mr. Flint: You have the Unaudited Financial Statements for October. This is the first month of Fiscal Year 2020. No action is required, but if the Board has any questions, we can discuss those.

Presentation of Revised Number of Registered Voters - 756
Mr. Flint: The Supervisor of Elections is supposed to provide us with the number of registered voters as of April 15th• We had this item on a previous agenda,  but for some reason, the Supervisor of Elections issued a revised letter after they updated their CDD maps, indicating 756 registered voters. In November of 2020, the first two seats on the Board will transition to General Election seats. So anyone who runs for those two seats, must be General Electors, meaning they have to live full-time within the CDD and be registered to vote with that address. They also must go through the qualifying period with the Supervisor of Elections, which starts in June. So anyone wanting to run for those seats would need to reach out to the Supervisor of Elections because we don't handle that process. The Supervisor of Elections does.
Mr. Morgan: Is it only those 756 that can vote?

Mr. Flint: At the time of the election.
Mr. Morgan: So it's how many are registered within the CDD?
Mr. d' Adesky: Right. That is probably the 756 plus a few more.
Mr. Flint: In November of 2022, two more seats will transition and then in November of 2024, the last seat will transition.

SEVENTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisor's Requests
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor the meeting was adjourned.

Secretary I Assistant Secretary	Chairman / Vice Chairman

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 Tuesday, December 24, 2019 at 9:00 a.m. at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, Florida.

Present and constituting a quorum were:

Adam Morgan Mark Revell Lane Register
Also present were: Jason Showe
Jan Carpenter

Vice Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll at 9:00 a.m. A quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Showe: Are there any members of the audience who would like to provide any comments? Hearing none,

THIRD ORDER OF BUSINESS	Consideration	of	Resolution	2020-01
Approving the Execution of the Storey Lake Natures Ridge Drive Replat
Mr. Showe: The resolution was included as part of your agenda  package.  District Counsel and I can answer any questions on the resolution, but I believe it's required in Osceola County that CDDs approve the replats.
Ms. Carpenter: Correct.
Mr. Morgan: It looks good to me.

December 24, 2019	Shingle Creek CDD

On MOTION by Mr. Morgan seconded by Mr. Register with all in favor Resolution 2020-01 Approving the Execution of the Storey Lake Natures Ridge Drive Replat was adopted.

FOURTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Showe: Is there anything from District Counsel? Ms. Carpenter: No.

Engineer
There being none, the next item followed.

District Manager's Report
There being none, the next item followed.

FIFTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

SIXTH ORDER OF BUSINESS	Supervisor's Requests
There being none, the next item followed.

SEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Register seconded by Mr. Morgan with all in favor the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

2

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S ECTION IV

LANDSCAPE  S IRRIGATION
Landscape Maintenance Proposal

Attn:

Submitted By: Director:

Shingle Creek CDD Alan Sheerer
C/0 OMS -CF, LLC
135 W. Central Blvd, Suite 320 Orlando, FL 3280l

SSS Down To Earth Opco LLC
Michael Mosler II

Shingle Creek CDD Pond P-1 Addendum
Landscape Maintenance Summary

Basic Maintenance Irrigation Inspection Fertilization/Pest Control Mulch

Grand TotalAnnually
Grand Total l\:lonthJy

S 4,689.67	Annually
Included	Annually
Included	Annu lly
Included	Annually

S  4,689.67
S	390.81

Shingle Creek CDD
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SSS Down To Eart  i..	p LLC

LANDSCAPE 6 IRRIGATION

Landscape Maintenance Proposal

Attn:

Submitted By:
Di.rector:

Shingle Creek COD Alan Sheerer
C!O OMS-CF, LLC
135 W. C ntral Blvd, Suite 320
Orlando., .FL 3280l

SSS Down To Earth Opco LLC Michael Mosler II

Shingle Creek CDD W-1 and W-2 Road Buffer Addendum
Landscape Maintenance Summary

Basic Maintenance Irrigation Inspection Fertili7.ation/Pest Control Mulch

Grand Total AnnuaJly
Grand Total Monthly

$ 2,416.33	Annually Included	Annually
Included	Annually
Included	Annually

S 2,416.33
S   201.36

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Shingle Creek CDD	SSS Down To Earth Opco LLC

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Owner's Signature

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LANDSCAPE  & IRRIGATION

Landscape  Maintenance Proposal

Attn:

Submitted By: Director:

Shingle Creek COD Alan Sheerer
C/O OMS-CF, LLC
135 W. Central Blvd, Suite 320
Orlando, FL 3280I

SSS Down To Earth Opco LLC Michael Mosler ll

Shingle Creek CDD Tract 3B Addendum
Landscape Maintenance Summary

Basic Maintenance Irrigation Inspection Fertilization/Pest Control Mukh

Grand Total Annually Grand Total Monthly

S 2,101.67	Annually Included	Annually
lo eluded	Annually
Included	Annually

S 2,101.67
$	175.14

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Shingle Creek CDD	SSS Down To Earth Opco L.LC

LANDSCAPE  & IRRIGATION

Landscape  Maintenance Proposal

Attn:

Submitted By:
Director:

Shingle Creek CDD Alan Sheerer
CiO GMS-CF, LLC
135 W. Central Blvd, Suite 320
Orlando, FL 32801

SSS Down To Earth Opco LLC
:lichael Mosler II

Shingle Creek CDD Storey Telling Way Addendum
Landscape Maintenance Summary

Basic Maintenance Irrigation Inspection Fertilization/Pest Control Mulch

Grand Total Annually Grand Total Monthly

S 3,520.00	Annually Included	Annually
Included	Annually
Included	Annually

S 3,520.00
S   293.33

Shingle Creek COD
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Owner's Signature

LANDSCAPE  S IRRIGATION

Landscape  Maintenance Proposal

Attn:

Submitted By: Director:

Shingle Creek CDD Alan Sheerer
C/O GMS-CF, LLC
135 W. Central Blvd, Suite 320
Orlando., FL 32801

SSS Down To Earth Opco LLC Michael Mosler 11

Shingle Creek CDD Reflections Tract K Gate Entrance Addendum
Landscape Maintenance Summary

Basic Ma.intenance Irrigation Inspection Fertilization/Pest Control Mulch

Grand Total Annually Grand Total Monthly

$ 5,954.33	Annually Included	AnnuaUy
.Included	Annually
Included	Annually

$5,954.33
$	496.19

Shingle Creek COD	SSS Down To Earth Opco LLC

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LA NDS CAP.E  S  IRRIGATION

Landscape Maintenance Proposal

Attn:

Submitted By:
Director:

Shingle Creek CDD
Alan Sheerer
C/O GMS-CF, LLC
135 W. Central Blvd, Suite 320
Orlando, FL 32801

SSS Down To Earth Opco LLC Michael Mosler TI

Shingle Creek CDD Pond P-3 Addendum
Landscape Maintenance Summary

Basic Maintenance lrrigation Inspection Fertilization/Pest Control Mulch

Grand Total Annually Grand Total 1\-lonthly

$ 2,431.00	Annually Included	Annually
Included	Annually
Included	Annually

S 2,431.00
S   202.58

Shingle Creek CDD

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Shingle Creek COD	w Areas Addendums M ap 2019

S	ECTION V

This item will be provided under sepa rate cover

SECTION VI

This item will be provided under separate cover

S ECTION VII

Shingle Creek COD

This Data Sharing And Usage Agreement, hereafter referred to as "Agreement," establishes the terms and conditions under which the Shingle Creek CDD, hereafter referred to as agency, can acquire and use Osceola County Property Appraiser {OCPA) data that is exempt from Public Records disclosure as defined in F 119.071.
The confidentiality of personal Identifying and location information including: names, physical, mailing, and street addresses, parcel ID, legal property description, neighborhood name, lot number, GPS coordinates, or any other descriptive property information that may reveal identity or home address pertaining to parcels owned by individuals that have received exempt/confidential status, hereafter referred to as confidential personal identifying and location information, will be protected as follows:
The agency will not release confidential personal identifying and location information that may reveal identifying and location information of individuals exempted from Public Records disclosure.
The agency will not present the confidential personal identifying and location information in the results of data analysis {Including maps) In any manner that would reveal personal identifying and location information of Individuals exempted from Public Records disclosure.
The agency shall comply with all State laws and regulations governing the confidentiality of personal identifying and location Information that Is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential personal identifying and location
information is subject to the terms and conditions of this Agreement.
s. The agency shall ensure any third party granted access to confidential personal identifying and location
information is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided In writing to the agency by the third party before personal identifying and location information is released.
6. The terms of this Agreement shall commence on January 1, 2020 and shall run until December 31, 2020,
the date If signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually for the following year.
IN WITNESS THEREOF, both the Osceola County Property Appraiser, through its duly authorized representative, and the agency, through its duly authorized representative, have hereunto executed this Data Sharing and Usage Agreement as of the last below written date.

OSCEOLA COUNTY PROPERTY APPRAISER	Shingle Creek CDD

Signature: ._ _ _

_ _ _ _ _ _

_ _ _

Signature:

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Print:	Katrina S. Scarborough

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Please returned signed original copy in the enclosed self-addressed envelope, no later than January 31, 2020

2505 E IRLO BRONSON MEMORIAL HWY KISSIMMEE, FL 34744
(407) 742-5000
INFO@PROPERTY-APPRAISER.ORG • PROPERTY-APPRAISER.ORG

S ECTION V.11 -1

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT
OSCEOLA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA

TABLE OF CONTENTS

	    Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds		
to the Statement of Net Position	10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to Financial Statements	13-20	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
21	
Notes to Required Supplementary Information	22	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

23-24	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

25	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
26-27	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Shingle Creek Community Development District Osceola County, Florida

Report on the Financial Statements

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We have audited the accompanying financial statements of the governmental activities and each major fund of Shingle Creek Community Development District, Osceola County, Florida (“District”) as of and for the fiscal year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2019, and the respective changes in financial position, thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated February 24, 2020, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

February 24, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Shingle Creek Community Development District, Osceola County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2019. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $45,597,555.

The change in the District’s total net position in comparison with the prior fiscal year was ($969,462), a decrease. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2019, the District’s governmental funds reported combined ending fund balances of
$3,059,960, an increase of $1,073,791 in comparison with the prior fiscal year. The total fund balance is restricted for debt service and capital projects, non-spendable for prepaid items, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service and capital projects funds which are major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets at the close of the fiscal year.

Key components of the District’s net position are reflected in the following table:

NET POSITION SEPTEMBER 30,
2019	2018
Current and other assets	$  3,064,488	$ 1,997,062	
Capital assets, net of depreciation	 	81,345,564	65,523,056 	
Total assets	 	84,410,052	67,520,118 	
Current liabilities	790,548	452,561	
Long-term liabilities	 	38,021,949	20,500,540 	
Total liabilities	 	38,812,497	20,953,101 	
Net position		

Net investment in capital assets	43,325,232	45,033,268	
Restricted	1,917,234	1,199,438	
Unrestricted	 	355,089	334,311 	
Total net position	  $ 45,597,555	$ 46,567,017 	
The District’s net position reflects its investment in	capital assets (e.g. land, land improvements, and	
infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the cost of operations and depreciation expense exceeded ongoing program revenues.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
Revenues:	 	2019	2018		
Program revenues
Charges for services	
$  2,257,479	$ 1,787,072	
Operating grants and contributions	43,401	20,685	
Capital grants and contributions	 	108,201	57,774 	
Total revenues	 	2,409,081	1,865,531 	
Expenses:		
General government	114,702	115,505	
Maintenance and operations	1,159,373	1,124,786	
Interest	1,556,568	1,070,701	
Bond issue costs	 	547,900	-		
Total expenses	 	3,378,543	2,310,992 	
Change in net position	 	(969,462)	(445,461) 	
Net position - beginning	 	46,567,017	47,012,478 	
Net position - ending	  $ 45,597,555	$ 46,567,017 	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2019 was $3,378,543. The costs of the District’s activities were partially funded by program revenues. Program revenue was comprised primarily of assessments. The increase in program revenues over the prior year is the result of an increase in special assessments associated with the Series 2019 Bond assessments levied in the current year. The large increase in expenses is due to bond issuance costs and increased interest expense associated with the newly issued Series 2019 Bonds.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019, the current fiscal year.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2019, the District had $86,365,821 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $5,020,257 has been taken, which resulted in a net book value of $81,345,564. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2019, the District had $38,285,000 Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

The District anticipates an increase in operating expenses as the District continues to be built out. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Shingle Creek Community Development District’s Finance Department at 219 E. Livingston Street, Orlando, FL 32801.

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2019

	Governmental
 	Activities		
ASSETS		
Cash	$	335,168	
Assessments receivable	432,653	
Prepaids and other assets	21,803	
Restricted assets:		
Investments	2,274,864	
Capital assets:		
Nondepreciable	58,982,608	
Depreciable, net	 	22,362,956 	
Total assets	 	84,410,052 	
LIABILITIES		
Accounts payable	4,528	
Accrued interest payable	786,020	
Non-current liabilities:		
Due within one year	680,000	
Due in more than one year	 	37,341,949 	
Total liabilities	 	38,812,497 	
NET POSITION		
Net investment in capital assets	43,325,232	
Restricted for debt service	1,917,234	
Unrestricted	 	355,089 	
Total net position	  $	45,597,555 	

See notes to the financial statements

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Program Revenues

Net (Expense) Revenue and Changes in Net Position

Charges for

Operating Grants and

Capital Grants and

Governmental

Functions/Programs	 	Expenses	Services	Contributions	Contributions	Activities	 Primary government:
Governmental activities:

General government

$	114,702	$	-	$

-	$	-	$

(114,702)

Maintenance and operations	1,159,373	382,079	-	108,201	(669,093)
Interest on long-term debt		1,556,568	1,875,400	43,401	-		362,233 Bond issue costs	 		547,900		-		-	-	(547,900)
Total governmental activities	 	3,378,543	2,257,479	43,401	108,201	(969,462)

Change in net position	(969,462)
Net position - beginning	 	46,567,017 
Net position - ending	 $	45,597,555 

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2019

 	Major Funds	
Capital

Total Governmental

General

Debt Service

Projects

Funds

ASSETS		
Cash	$	335,168	$	-	$	-	$	335,168	
Investments	-	2,273,247	1,617	2,274,864	
Assessments receivable	2,646	430,007	-	432,653	
Prepaids  and other assets	 	21,803	-	-	21,803 
Total assets	 $	359,617	$   2,703,254	$	1,617	$	3,064,488 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable

  $	4,528	$	-	$	-	$	4,528 

Total liabilities	 	4,528	-	-	4,528 

Fund balances:
Nonspendable:
Prepaid items
Restricted for:	21,803	-	-	21,803	
Debt service	-	2,703,254	-	2,703,254	
Capital projects	-	-	1,617	1,617	
Unassigned	 	333,286	-	-	333,286 	
Total fund balances	 	355,089	2,703,254	1,617	3,059,960 	
Total liabilities and fund balances	  $	359,617	$   2,703,254	$	1,617	$	3,064,488 	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2019

Fund balance - governmental funds
Amounts reported for governmental activities in the statement of net position are different because:

$	3,059,960

Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets in the net position of the government as a whole.
Cost of capital assets	86,365,821
Accumulated depreciation	 	(5,020,257)	81,345,564

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund
statements.	All liabilities, both current and long-term, reported in the government-wide financial statements.
Accrued interest payable	are	

(786,020)	
Bonds payable		 	(38,021,949)	
Net position of governmental activities		  $	45,597,555 	

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

 	Major Funds	
Capital

Total Governmental

General

Debt Service

Projects

Funds

REVENUES		
Assessments	$	382,079	$ 1,875,400	$	-	$	2,257,479	
Interest	 	-	43,401	108,201	151,602 	
Total revenues	 	382,079	1,918,801	108,201	2,409,081 	

EXPENDITURES
Current:
General government	114,702	-	-	114,702
Maintenance and operations	246,599	-	-	246,599 Debt service:
Principal	-	370,000	-	370,000
Interest	-	1,202,606	-	1,202,606
Bond issue costs		-	-		547,900		547,900 Capital outlay	 	-	-	16,735,282	16,735,282 
Total expenditures	 	361,301	1,572,606	17,283,182	19,217,089 

Excess (deficiency) of revenues

Bond proceeds	-	715,953	17,179,047	17,895,000	
Bond discount	 	-	-	(13,201)	(13,201)	
Total other financing sources	 	-	715,953	17,165,846	17,881,799 	

over (under) expenditures	 	20,778	346,195	(17,174,981)	(16,808,008) OTHER FINANCING SOURCES (USES)

Net change in fund balances	20,778	1,062,148	(9,135)	1,073,791

Fund balances - beginning	 	334,311	1,641,106	10,752	1,986,169 

Fund balances - ending	 $	355,089	$ 2,703,254	$	1,617	$	3,059,960 

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Net change in fund balances - total governmental funds	$ Amounts reported for governmental activities in the statement
of activities are different because:

Governmental funds report capital outlays as expenditures, however, in the statement of activities the cost of those assets is eliminated and capitalized as capital assets in the statement of net position.
Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long- term liabilities in the statement of net position.
Depreciation on capital assets is not recognized in the governmental fund statement but is reported as an expense in the statement of activities.
Governmental funds report the effect of Bond premiums, discounts and similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities.
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the fund financial statements.
Amortization of Bond discounts/premiums is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement

1,073,791

16,735,282

(17,895,000)

(912,774)

13,201

(344,352)

(9,610)

of activities.
Change in net position of governmental activities

 	370,000 
  $	(969,462)

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Shingle Creek Community Development District ("District") was established on May 23, 2005 by the Board of County Commissioners of Osceola County, Osceola County Ordinance 2005-15, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes and expanded by Osceola County Ordinance 2018-75 on November 5, 2018. The Act provides, among other things, the power to manage basic services for community development and to levy and assess non-ad valorem assessments for the financing and maintenance of improvements.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at-large basis by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2019, all of the Board members are affiliated with LEN OT Holdings, LLC (“Developer”).

The Board has the responsibility for:
Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services; and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by the County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415
Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Asset	Life
Infrastructure	30

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for all governmental funds. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearing(s) are conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board, unless otherwise delegated by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 – DEPOSITS AND INVESTMENTS

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2019:

   Amortized Cost	Credit Risk	Maturities	

Weighted average of the
Fidelity Government Portfolio	 $	2,274,864	S&P AAAm	fund portfolio: 23 days

Total Investments	 $	2,274,864 

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

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

Investments (Continued)
However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 5 – CAPITAL ASSETS

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

	Beginning	Ending
 	Balance	Additions	Reductions	Balance		
Governmental activities
Capital assets, not being depreciated Land and land improvements	

$ 22,315,159	$	-	$	-	$ 22,315,159	
Infrastructure under construction	 	19,932,167	16,735,282	-	36,667,449 	
Total capital assets, not being depreciated	 	42,247,326	16,735,282	-	58,982,608 	

Capital assets, being depreciated Infrastructure	

 	27,383,213	-	-	27,383,213 	
Total capital assets, being depreciated	 	27,383,213	-	-	27,383,213 	

Less accumulated depreciation for: Infrastructure	

 	4,107,483	912,774	-	5,020,257 	
Total accumulated depreciation	 	4,107,483	912,774	-	5,020,257 	

Total capital assets, being depreciated, net	
 	23,275,730	(912,774)	-	22,362,956 	

Governmental activities capital assets	
   $ 65,523,056	$ 15,822,508	$	-	$ 81,345,564 	

The District has issued Series 2006 and 2015 Bonds in previous fiscal years and the District issued Series 2019 Bonds in the current year to finance the construction project. The 2006 project has been declared complete by the District Engineer in a previous fiscal year and is comprised of land and land improvements and infrastructure.

The 2015 project included the construction or upgrade of previously constructed infrastructure originally constructed under the 2006 Bonds as well as additional master and parcel infrastructure needed to serve the District. The 2019 project is intended to complete the 2015 project and provide for additional improvements associated with parcels within the District that were acquired via land swap agreements. The total estimated costs of completion of the 2015 and 2019 project as of the date that Series 2019 Bonds were issued is approximately $25,000,000. The infrastructure will include earthwork, roads, potable water systems, sanitary sewer systems, reclaimed water systems, stormwater management systems, landscaping, hardscape features, and offsite roadway and utility improvements. Upon completion, certain assets will be conveyed to others for ownership and maintenance. The Developer has agreed to complete the project under the terms of the Completions Agreement.

During the current fiscal year, the District paid $16,688,324 to the Developer for the costs of completed infrastructure.

Depreciation expense was charged to the maintenance and operations function.

NOTE 6 – LONG-TERM LIABILITIES

Series 2015
On May 13, 2015, the District issued $21,465,000 of Special Assessment Bonds, Series 2015 consisting of multiple term bonds with maturity dates ranging from November 1, 2020 to November 1, 2045 and fixed interest rates ranging from 3.625% to 5.4%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing November 1, 2016 through November 1, 2045.

The Series 2015 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2019.

Series 2019
On February 1, 2019, the District issued $17,895,000 of Special Assessment Bonds, Series 2019 consisting of multiple term bonds with maturity dates ranging from May 1, 2024 to May 1, 2049 and fixed interest rates ranging from 3.625% to 5%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November
1. Principal on the Bonds is to be paid serially commencing May 1, 2020 through May 1, 2049.

The Series 2019 Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2019.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2019 were as follows:

	Beginning	Ending	Due Within
 	Balance	Additions	Reductions	Balance	One Year		
Bonds payable:
Series 2015	
$ 20,760,000	$	-	$	370,000	$ 20,390,000	$	385,000	
Less original issue discount	259,460	-	9,610	249,850	-	
Series 2019	-	17,895,000	-	17,895,000	295,000	
Less original issue discount	 	-	13,201	-	13,201	-		
Total	   $ 20,500,540	$ 17,881,799	$	360,390	$ 38,021,949	$	680,000 	

At September 30, 2019, the scheduled debt service requirements on the long-term debt were as follows:

Year ending
    September 30:	Principal	Interest	Total	
2020	$	680,000	$	1,879,470	$	2,559,470	
2021	705,000	1,854,548	2,559,548	
2022	735,000	1,826,904	2,561,904	
2023	760,000	1,796,291	2,556,291	
2024	795,000	1,764,529	2,559,529	
2025-2029	4,515,000	8,267,037	12,782,037	
2030-2034	5,725,000	7,065,220	12,790,220	
2035-2039	7,305,000	5,465,587	12,770,587	
2040-2044	9,410,000	3,345,725	12,755,725	
2045-2049	 	7,655,000	921,085	8,576,085 

Total	 $ 38,285,000	$ 34,186,396	$ 72,471,396 

NOTE 7 – DEVELOPER TRANSACTIONS

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer.

NOTE 8 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer the loss of which could have a material adverse effect on the District’s operations.

NOTE 9 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 10 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims over the past three years.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

REVENUES

Budgeted
 	Amounts	 Original &
Final

Actual Amounts

Variance with Final Budget - Positive (Negative)

Assessments

$	377,073	$

382,079	$

5,006

Developer contributions	 	36,508	-	(36,508)
Total revenues	 	413,581	382,079	(31,502)

EXPENDITURES
Current:
General government	133,350	114,702	18,648
Maintenance and operations	 	280,231	246,599	33,632 
Total expenditures	 	413,581	361,301	52,280 

Excess (deficiency) of revenues over (under) expenditures

  $	-	

20,778	$

20,778

Fund balance - beginning	 	334,311 

Fund balance - ending	 $	355,089 

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019, the current fiscal year.

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Board of Supervisors
Shingle Creek Community Development District Osceola County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Shingle Creek Community Development District, Osceola County, Florida (“District”) as of and for the fiscal year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated February 24, 2020.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

February 24, 2020

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Shingle Creek Community Development District Osceola County, Florida

We have examined Shingle Creek Community Development District, Osceola County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2019. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2019.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Shingle Creek Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

February 24, 2020

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Shingle Creek Community Development District Osceola County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Shingle Creek Community Development District, Osceola County, Florida ("District") as of and for the fiscal year ended September 30, 2019, and have issued our report thereon dated February 24, 2020.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated February 24, 2020, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Shingle Creek Community Development District, Osceola County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Shingle Creek Community Development District, Osceola County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

February 24, 2020

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2018.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2019.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2019.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2019. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

S	ECTION IX

Project #  	  Eo'--o-'---0=-'-22"4-'"0""2"--  _

SERVICE AGREEMENT FOR LIGHTING SERVICE

WHEREAS, the Kissimmee Utility Authority (KLJA) requires that a written agreement be made between the KUA and a owner/developer requiring area lighting facilities; and

W HEREAS-,   -   -   -   -   -	---S"_h_inq..t_e C  r  ee_k_Co  m  m un_ity._.D,.. ..e.v_e_lopm_e=...tn. D_is_tri_c_  t...,'("'"D'" D   .)C	-   -   -   -   -   - 
desires lighting to be installed	at Storey Lake Blvd and US192	• Kissimmee. Florida;

NOW THE  REFORE, this agreement  is entered into on the .1,1_ day of Fehn,ary	, 201.Q , between the KUA, a body politic. organized and existing under the laws of the State of Florida, party of the first part, and         Shingle Creek COD	herein referred to as developer, party to the  second part, to wit:
KUA will install {4) 11OW LED Pendant Fixtures on 30' Black Concrete Decorative Poles.

KUA in accordance  with  the  rates,  terms,  and provision  or KUA's  Rate  Schedule  set forth in Exhibit 1 shall furnish, install, and maintain Lighting Service as set forth in this document and exhibits. Tax charges will also apply and may be adjusted periodically. The fees established hereto may be adjusted annually to reflect changes in the KUA's rates.

The owner/developer shall be responsible for paying When due, all bills rendered by the KUA pursuant to the KUA's lighting Rate Schedule set forth in this document for facilities and service provided in accordance with this Agreement. The owner/developer is responsible for trimming trees and shrubbery that may either obstruct the light output from lighting fixtures or that may obstruct maintenance access to the facilities.

Where underground is required, the owner/developer will install all conduit as per KUA's specifications. Before closing the excavation, the owner/developer will request  inspection  by KUA; whose representative shall be sole judge of the adequacy of the installation.

lnstaUation shall be made only when, in the judgment of the KUA, the location and the type of facilities are, and will continue to be. easily and economically accessible to the KUA equipment and personnel for both construction and maintenance. Modification or relocation of the facilities may only be made through the e ecution of an add_itional Agreement or Written addendum delineating the modifications to be accomplished. The owner/developer shall be responsible for the payment of all costs associated with any requested relocation of the KUA lighting facilities.

The. KUA, while exercising reasonable diligence at all times to furnish service hereunder, does not guarantee continuous lighting and will not be liable for damage for any interruption, deficiency or failure of service. and reserves the right to interrupt service at any time for necessary repair to lines or equipment. The KUA may, at any time; substitute for any luminaire/lamp installed hereunder another luminaire/lamp, which shall be of at least equal illuminating capacity and efficiency. The ownerideyeloper hereby agrees to pay the monthly rate of said substituted fixture.

The owner/developer agrees to take responsibility for the cost incurred to repair or replace any fixture or pole that has been.willfully damaged. The KUA shall not be required to make such repair or replacement prior to payment for the damage.

In the event of the sale of the real property upon which the facilities are installed, or if the owner/developer's obligations under this Agreement are fo be assigned to a third party, upon the written consent of the KUA, this Agreement may be assigned by the owner/developer to the purchase or the third party. No assignmentshall relieve the owner/developer from its obligations hereunder until such obligations have been assumed by the purchaser or third party and agreed to by the KUA.

The initial term of this Agreement shall be for 15 years, and thereafter for additional terms of 5 years hence, unless terminated by written notice of such intention from either party to the other at le;;1st sixty (60) days prior to expiration date of the initial term or subsequent terms.

If the owner/developer no longer wishes to receive service under this Agreement, the owner/developer may opt to terminate the Agreement a year 15 by providing to the KUA at least sixty (60) days advance written not.ic e. The owner/developer will be responsible for the cost of removing the facilities, with such work to be done by the KUA, and billed to the owner/developer.

IN WITNESS WHEREOF, the parties hereto have caused this contract to be executed by their duly authorized officers, and copies delivered to each party, as of the day and year first stated above.

Shingle Creek COD
KISSIMMEE UTILITY AUTHORITY	 	
Owner/Developer

Vice President Operations Department

ATTEST:

Manager, Distribution Engineering

Signature

0 o,v ,,J

Federal ID# _ _ _ _

_ _

_ _ _ _

Owner/Developer Billing Address: 6750 Forum Drive, Suite 310, Orlando, FL 32821	_ Owner/Developer Email Address: rob.bonin@lennar.com
(407) 586-4000

Owner/Developer Phone Number: _ _ _ _ _ _

_ _ _ _ _ _

_ _ _

_ _ _

_ _ _

_ _ _ _

ENG 06/21/2016

Exhibit 1 - Lighting Facilities Cost

Project Name:	Storey Lake  at 192 Lights 	

Project#: _ _

_   _   _ E_O_0_02_2_4_2_0		_

Account#:

 	1300800	

Customer ID: 	2233902	

Service Order #:

 	2009249828	

	Monthyl  Rate Charges:   The monthly charges consist of the items listed below. Subject to Florida Public Service Commission review and guidelines, all charges may be adjusted. Tax charges will also apply and may be adjusted periodically. The monthly fixture charge listed herein includes operation and.maintenance, leasing, and energy charge. The light fixture charges established hereto may be adjusted annually to reflect changes in KUA's rates.

Monthly Fixtures Charge
( (4) 110W LED Pendant Fixtures on 30' Concrete Poles

) ($    40.31	)=

$	161.24

 	($ 	=	 	
 	 ($ 	)=	 	
 	) ($ 	)=	 	
 	($ 	)=	 	
 	($ 	)=	 	
 	($ 	=	 	

Total Monthly Light Facility Charge

=	$	161.24

In addition to these monthly charges, a fuel charge will be included. The fuel charge is base on the estimated Kilowatt Hour usages of light fixture multiplied by the COPCA charge for the month of usage.

	Lighting Service: The lighting service shall include the installation, operation, and maintenance of all lighting facilities as describe. below:

Product Description:

 KUA will install (4) 110W LED Pendant fixtures on (4) 30' Black Concrete Poles. KUA will	
 install Type H2 concrete pedestalsat grade level where required. KUA will install the required	 underground conductor to serve the prescribedlights.		

When the light pole secondary is to be fed underground  and  is  not  located  next  to existing  pad­ mount transformers or secondary boxes, it is the responsibility of owner/developer to install 2" sch-40 gray conduit from the electrical source to  the  proposed  light  locations. when  light  poles  are  more than 3 feet away from their electrical source.  For  overhead  installations,  the  owner  just  needs  to grant KUA access to the pole location.

S ECTION X

RESOLUTION 2020-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2020/2021 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors ("Board") of the Shingle Creek Community Development District ("District") prior to June 15, 2020, a proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2020 and ending September 30, 2021 ("Fiscal Year 2020/2021"); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

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

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2020/2021 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE: HOUR: LOCATION:

August 3, 2020

12:00 p.m.

Oasis Club at ChampionsGate 1520 Oasis Club Blvd.
ChampionsGate, FL 33896

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Osceola County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District's Secretary is further directed to post the approved Proposed Budget on the District's website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

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.

EFFECTIVE DATE. This Resolution shall take effect immediately upon  adoption.

PASSED AND ADOPTED THIS 4™ DAY OF MAY, 2020.

ATTEST:	SHINGLE	CREEK	COMMUNITY DEVELOPMENT DISTRICT

By:_ _ _ _

_ _ _

_ _ _ _ _ _ _

Secretary

Its:- - - - - - - - - - - - - -

Shingle Creek Community Development District

Proposed Budget
FY 2021

Table of Contents

1-2

3-9

10

11

12-13

14

15-16

 	General Fund

 	General Fund Narrative

 	Capital Reserve Fund

 	Debt Service Fund Series 2015

 	Amortization Schedule Series 2015

 	Debt Service Fund Series 2019

 	Amortization Schedule Series 2019

Shingle Creek
Community Development District

		Fiscal Year 2021 General Fund		
	Adopted	Actual	Projected	Total	Proposed	
	Budget	Thru	Next 6	Thru	Budget	
	FY2020	3/31/20	Months	9/30/20	FY2021	

Revenues						
Special Assessments	$540,824	$495,843	$44,981	$540,824	$695,075	
Developer Contributions	$59,133	$0	$0	$0	$0	
Total Revenues	$599,957	$495,843	$44,981	$540,824	$695,075	

Expenditures						
Administrative						
Supervisors Fees	$0	$0	$0	$0	$12,000	
FICA Expense	$0	$0	$0	$0	$918	
Engineering	$25,000	$285	$5,965	$6,250	$15,000	
Attorney	$40,000	$5,019	$9,981	$15,000	$25,000	
Arbitrage	$1,300	$0	$1,100	$1,100	$1,100	
Dissemination	$7,000	$3,500	$3,500	$7,000	$7,000	
Annual Audit	$6,500	$4,500	$0	$4,500	$4,600	
Trustee Fees	$7,500	$3,500	$3,500	$7,000	$7,000	
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,000	
Management Fees	$33,475	$16,737	$16,737	$33,475	$35,000	
Information Technology	$2,400	$600	$600	$1,200	$1,200	
Website ADA Compliance	$0	$2,375	$0	$2,375	$0	
Telephone	$200	$0	$100	$100	$200	
Postage	$500	$81	$169	$250	$500	
Printing & Binding	$500	$79	$171	$250	$500	
Insurance	$10,000	$9,153	$0	$9,153	$10,100	
Legal Advertising	$2,500	$226	$2,274	$2,500	$2,500	
Other Current Charges	$300	$0	$100	$100	$300	
Office Supplies	$200	$12	$88	$100	$200	
Property Appraiser	$550	$517	$0	$517	$550	
Property Taxes	$0	$674	$0	$674	$700	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Administrative Expenses	$143,100	$52,433	$44,285	$96,719	$129,543	

Operation & Maintenance 						
Field Services	$7,500	$3,750	$3,750	$7,500	$15,000	
Electric	$17,000	$3,807	$3,900	$7,707	$10,000	
Streetlights	$0	$13,392	$32,772	$46,164	$92,500	
Water & Sewer	$0	$11,259	$15,000	$26,259	$34,500	
Landscape Maintenance	$315,377	$76,266	$113,332	$189,598	$273,452	
Landscape Contingency	$15,000	$400	$4,600	$5,000	$15,000	
Property Insurance	$8,000	$7,650	$0	$7,650	$8,500	
London Creek Ranch Maintenance	$30,000	$10,000	$20,000	$30,000	$30,600	
Lake Maintenance	$16,480	$6,300	$7,500	$13,800	$16,480	
Lake Contingency	$2,500	$0	$1,250	$1,250	$0	
Drainage R&M	$5,000	$0	$2,500	$2,500	$0	
Irrigation Repairs	$15,000	$4,750	$7,500	$12,250	$12,000	
Lighting Maintenance	$5,000	$379	$871	$1,250	$0	
Repairs & Maintenance	$5,000	$0	$2,500	$2,500	$12,500	
Pressure Washing	$10,000	$0	$5,000	$5,000	$10,000	
Contingency	$5,000	$0	$2,500	$2,500	$10,000	
Transfer Out - Capital Reserve	$0	$0	$0	$0	$25,000	
Operation & Maintenance Expenses	$456,857	$137,954	$222,975	$360,929	$565,532	
						
Total Expenditures	$599,957	$190,387	$267,261	$457,648	$695,075	
						
Excess Revenues/(Expenditures)	$0	$305,456	($222,279)	$83,176	$0	

Net Assessment	

$695,075	
				Collection Cost (6%)	 	$44,366 	
				Gross Assessment	 	$739,441 	

Shingle Creek
Community Development District

Gross Per Unit Assessment Comparion Chart

	FY2021		
Property Type	Platted Units		Gross Per Unit	Gross Total	
Single Family	857		$454	$293,925	
Townhome	861		$284	$295,296	
Condo/MF	438		$241	$150,220	
Unplatted	N/A		N/A	$0	
Total	2156			$739,441	
		
FY2020			
Property Type	Platted Units		Gross Per Unit	Gross Total	
Single Family	857		$354	$303,378	
Townhome	861		$221	$190,281	
Condo/MF	438		$188	$82,344	
Unplatted	N/A		N/A	$0	
Total	2156			$576,003	

Property Type	FY2020	FY2021	Increase/(Decrease)	
Single Family	$354	$454	$100	
Townhome	$221	$284	$63	
Condo/MF	$188	$241	$53	
Unplatted	N/A	N/A	$0	

REVENUES:

Assessments – Tax Collector

The District will levy a non-ad valorem assessment on all the assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year. These assessments are billed on tax bills

Assessments – Direct Billed

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year. These assessments are directly billed to the property owners.

Developer Contributions

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

EXPENDITURES:

Administrative:

Supervisors Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. The amount is based on 5 supervisors attending 12 meetings during the fiscal year.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer, 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.

Attorney

The District's legal 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 accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2015 & Series 2019 Special Assessment Bonds. The District has contracted with LLS Tax Solutions, Inc. for this service.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2- 12(b)(5) which relates to additional reporting requirements for unrated bond issues.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with Grau & Associates for this service.

Trustee Fees

The District will pay annual trustee fees for the Series 2015 & Series 2019 Special Assessment Bonds that are deposited with a Trustee at Regions Bank.

Assessment Administration

The District has contracted with Governmental Management Services-CF, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

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 Technology

Represents costs related to District’s accounting 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 charges for mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc in a newspaper of general circulation.

Other Current Charges

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for office supplies that need to be purchased during the fiscal year.

Property Appraiser

Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.

Property Taxes

Represents estimated fees charged by Osceola County Tax Collector’s Office for all assessable property within the District.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field:

Field Services

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 meetings and receive and respond to property owner phone calls and emails.

Electric

Represents cost of electric services for items such as monument lighting, fountains, etc. District currently has one account with Kissimmee Utility Authority.

Account #	Description	Monthly	Annual	
002242407-	3100 Storey Lake Blvd. Blk Even			
001300390	Monu/Fntn	$650	$7,800	
	Contingency		$2,200	
Total			$10,000	

Streetlights

Represents cost for streetlight services maintained by the District. The District currently has one account with Kissimmee Utility Authority for 105 streetlights with more areas set to come online within the next fiscal year.

Account #	Description	Monthly	Annual	
002242407-				
001300800	4650 W Osceola Parkway Vlights	$5,000	$60,000	
	22 Lights - Ritual Rd & Storytelling	$924	$11,088	
	40 Lights - Storeytelling & Bronsons	$1,680	$20,160	
	Contingency		$1,252	
Total			$92,500	

Water & Sewer

Represents costs for water services for areas within the District. The District currently has one account with Toho Water Authority.

Account #	Description	Monthly	Annual	
002647617-				
033217859	29101 Ritual Road	$2,250	$27,000	
	Contingency		$7,500	
Total			$34,500	

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.

Description	Monthly	Annual	
Phase I	$6,116	$73,392	
Phase II - Storey Lake Boulevard	$1,423	$17,076	
Area I - Bahia Mowing	$350	$4,200	
Phase II Part 2 - Additional Bahia	$1,150	$13,800	
Storey Lake Additional Areas	$2,792	$33,508	
Pond P-1	$391	$4,690	
W-1 & W-2 Road Buffer	$201	$2,416	
Tract 3B	$175	$2,102	
Storey Telling Way	$293	$3,520	
Reflections Tract "K" Gate Entrance	$496	$5,954	
Pond P-3	$203	$2,431	
Ritual Road Pond	$1,564	$18,766	
Tract P-4 (Pond B-1)	$1,137	$13,648	
Tract E (Easement)	$380	$4,560	
Tract RW3 - Nature's Ridge 2B (L401 & L403)	$2,055	$24,664	
Nature's Ridge 2A	$2,076	$24,911	
Tract A Lift Station	$232	$2,787	
Ritual RD & Nature Ridge Rd Gate Entrance	$502	$6,028	
Contingency - Future Areas		$15,000	
Total		$273,452	

Landscape Contingency

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 property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

London Creek Ranch Maintenance

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

Description	Per Visit	Annual	
Vegetation Maintenance - 3 x per year	$8,200
Site Inspections & Maintenance	As Needed
Total	$24,600
$6,000	
	$30,600	

Lake Maintenance

Represents cost for maintenance to three ponds located within the District. Services include shoreline grass and brush control, 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	Monthly	Annual	
Lake Maintenance - 3 Original Ponds	$840	$10,080	
Windermere/2 Storey Lake/Natures Ridge Ponds	$210	$2,520	
P1/P3/P4 Ponds - Future Ponds	$240	$2,880	
Contingency		$1,000	
Total		$16,480	

Drainage R&M

Represents estimate repair and maintenance costs to the drainage structures, outfall structures, 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 repair and maintenance cost to all lighting fixtures maintained by the District.

Repairs & Maintenance

Represents general repairs and maintenance costs that are not budgeted under any other budgeted line item.

Pressure Washing

Represents estimated costs to pressure wash common area sidewalks, curbs and monuments as needed.

Contingency

Represents any additional field expense that may not have been provided for in the budget.

Transfer Out – Capital Reserve

Funds transferred out to Capital Reserve for capital outlay expenses.

Community Development District

		Fiscal Year 2021 Capital Reserve Fund		
	Adopted Budget
FY2020	Actual Thru
3/31/20	Projected Next 6
Months	Total Thru
9/30/20		Proposed Budget
FY2021	

Revenues							
Transfer In	$0	$0	$0		$0	$25,000	
Total Revenues	$0	$0	$0		$0	$25,000	

Expenses							
Capital Outlay	$0	$0	$0		$0	$0	
Total Expenditures	$0	$0	$0		$0	$0	
							
Excess Revenues/(Expenditures)	$0	$0	$0		$0	$25,000	

Community Development District

	Fiscal Year 2021
Debt Service Fund		
	Series 2015		
	Adopted	Actual	Projected	Total	Proposed	
	Budget	Thru	Next 6	Thru	Budget	
	FY2020	3/31/20	Months	9/30/20	FY2021	

Revenues						
Special Assessments	$1,433,611	$1,343,344	$90,267	$1,433,611	$1,434,037	
Interest Income	$5,000	$12,896	$3,104	$16,000	$5,000	
Carry Forward Surplus	$970,536	$984,770	$0	$984,770	$1,002,790	
Total Revenues	$2,409,147	$2,341,010	$93,371	$2,434,381	$2,441,827	

Expenses						
Interest - 11/1	$523,296	$523,296	$0	$523,296	$516,318	
Principal - 11/1	$385,000	$385,000	$0	$385,000	$400,000	
Interest - 5/1	$516,318	$0	$523,296	$523,296	$509,068	
Total Expenditures	$1,424,614	$908,296	$523,296	$1,431,591	$1,425,386	
						
Excess Revenues/(Expenditures)	$984,533	$1,432,714	($429,924)	$1,002,790	$1,016,441	
				
Principal - 11/1/2021	
$415,000	
				Interest - 11/1/2021	 	$509,068 	
				Total	 	$924,068 	
				
Net Assessment	
$1,434,037	
				Collection Cost (6%)	$91,534	
				Gross Assessment	$1,525,571	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Single Family	470	$1,691	$794,794	
		Townhome	648	$1,057	$684,878	
		Condo/MF	54	$850	$45,900	
		Unplatted	0	N/A	$0	
		Total	1172		$1,525,571	

Shinle Creek Community Development District Series 2015, Special Assessment Bonds (Term Bonds Combined)

	Amortization Schedule		
Date	Balance	Principal	Interest	Annual	
					
11/1/20	$ 20,005,000	$	400,000	$	516,318	$	916,318	
5/1/21	$ 19,605,000	$	-	$	509,068	$	-	
11/1/21	$ 19,605,000	$	415,000	$	509,068	$ 1,433,135	
5/1/22	$ 19,190,000	$	-	$	499,730	$	-	
11/1/22	$ 19,190,000	$	430,000	$	499,730	$ 1,429,460	
5/1/23	$ 18,760,000	$	-	$	490,055	$	-	
11/1/23	$ 18,760,000	$	450,000	$	490,055	$ 1,430,110	
5/1/24	$ 18,310,000	$	-	$	479,930	$	-	
11/1/24	$ 18,310,000	$	470,000	$	479,930	$ 1,429,860	
5/1/25	$ 17,840,000	$	-	$	469,355	$	-	
11/1/25	$ 17,840,000	$	490,000	$	469,355	$ 1,428,710	
5/1/26	$ 17,350,000	$	-	$	458,330	$	-	
11/1/26	$ 17,350,000	$	515,000	$	458,330	$ 1,431,660	
5/1/27	$ 16,835,000	$	-	$	445,133	$	-	
11/1/27	$ 16,835,000	$	540,000	$	445,133	$ 1,430,266	
5/1/28	$ 16,295,000	$	-	$	431,296	$	-	
11/1/28	$ 16,295,000	$	570,000	$	431,296	$ 1,432,591	
5/1/29	$ 15,725,000	$	-	$	416,689	$	-	
11/1/29	$ 15,725,000	$	600,000	$	416,689	$ 1,433,379	
5/1/30	$ 15,125,000	$	-	$	401,314	$	-	
11/1/30	$ 15,125,000	$	630,000	$	401,314	$ 1,432,629	
5/1/31	$ 14,495,000	$	-	$	385,171	$	-	
11/1/31	$ 14,495,000	$	660,000	$	385,171	$ 1,430,341	
5/1/32	$ 13,835,000	$	-	$	368,258	$	-	
11/1/32	$ 13,835,000	$	695,000	$	368,258	$ 1,431,516	
5/1/33	$ 13,140,000	$	-	$	350,449	$	-	
11/1/33	$ 13,140,000	$	730,000	$	350,449	$ 1,430,898	
5/1/34	$ 12,410,000	$	-	$	331,743	$	-	
11/1/34	$ 12,410,000	$	765,000	$	331,743	$ 1,428,485	
5/1/35	$ 11,645,000	$	-	$	312,139	$	-	
11/1/35	$ 11,645,000	$	805,000	$	312,139	$ 1,429,279	
5/1/36	$ 10,840,000	$	-	$	291,511	$	-	
11/1/36	$ 10,840,000	$	850,000	$	291,511	$ 1,433,023	

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

	Amortization Schedule		
Date	Balance	Principal	Interest	Annual	

5/1/37	
$ 9,990,000	
$	-	$	269,730	
$	-	
11/1/37	$ 9,990,000	$	890,000	$	269,730	$ 1,429,460	
5/1/38	$ 9,100,000	$	-	$	245,700	$	-	
11/1/38	$ 9,100,000	$	940,000	$	245,700	$ 1,431,400	
5/1/39	$ 8,160,000	$	-	$	220,320	$	-	
11/1/39	$ 8,160,000	$	990,000	$	220,320	$ 1,430,640	
5/1/40	$ 7,170,000	$	-	$	193,590	$	-	
11/1/40	$ 7,170,000	$   1,045,000	$	193,590	$ 1,432,180	
5/1/41	$ 6,125,000	$	-	$	165,375	$	-	
11/1/41	$ 6,125,000	$   1,100,000	$	165,375	$ 1,430,750	
5/1/42	$ 5,025,000	$	-	$	135,675	$	-	
11/1/42	$ 5,025,000	$   1,160,000	$	135,675	$ 1,431,350	
5/1/43	$ 3,865,000	$	-	$	104,355	$	-	
11/1/43	$ 3,865,000	$   1,220,000	$	104,355	$ 1,428,710	
5/1/44	$ 2,645,000	$	-	$	71,415	$	-	
11/1/44	$ 2,645,000	$   1,290,000	$	71,415	$ 1,432,830	
5/1/45	$ 1,355,000	$	-	$	36,585	$	-	
11/1/45	$ 1,355,000	$   1,355,000	$	36,585	$ 1,428,170	
Totals		$ 20,005,000	$ 16,682,149	$ 36,687,149	

Shingle Creek
Community Development District

	Fiscal Year 2021
Debt Service Fund		
	Series 2019		
	Proposed Budget
FY2020	Actual Thru
3/31/20	Projected Next 6
Months	Total Thru
9/30/20	Proposed Budget
FY2021	

Revenues						
Special Assessments - Tax Roll	$869,621	$814,913	$54,708	$869,621	$869,621	
Special Assessments - Direct Billed	$263,670	$197,753	$65,918	$263,670	$263,670	
Interest Income	$2,500	$7,391	$2,609	$10,000	$2,500	
Carry Forward Surplus	$425,856	$420,526	$0	$420,526	$428,977	
Transfer In	$0	$15	$0	$15	$0	
Total Revenues	$1,561,647	$1,440,599	$123,234	$1,563,833	$1,564,768	

Expenses						
Interest - 11/1	$419,928	$419,928	$0	$419,928	$414,581	
Principal - 5/1	$295,000	$0	$295,000	$295,000	$305,000	
Interest - 5/1	$419,928	$0	$419,928	$419,928	$414,581	
Total Expenditures	$1,134,856	$419,928	$714,928	$1,134,856	$1,134,162	
						
Excess Revenues/(Expenditures)	$426,791	$1,020,671	($591,694)	$428,977	$430,606	
				
Interest - 11/1/2021	
 	$409,053 	
				Total	 	$409,053 	
				
Net Assessment	
$1,133,291	
				Collection Cost (6%)	$72,667	
				Gross Assessment	$1,205,958	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Single Family	387	$1,691	$654,436	
		Townhome	213	$1,057	$225,122	
		Condo	384	$850	$326,400	
		Total	984		$1,205,958	

Shinle Creek Community Development District Series 2019, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

11/1/20
5/1/21	$ 17,600,000
$ 17,600,000	$	-	$	414,581
$	305,000	$	414,581	$ 1,129,509
$	-	
11/1/21	$ 17,295,000	$	-	$	409,053	$ 1,128,634	
5/1/22	$ 17,295,000	$	320,000	$	409,053	$	-	
11/1/22	$ 16,975,000	$	-	$	403,253	$ 1,132,306	
5/1/23	$ 16,975,000	$	330,000	$	403,253	$	-	
11/1/23	$ 16,645,000	$	-	$	397,272	$ 1,130,525	
5/1/24	$ 16,645,000	$	345,000	$	397,272	$	-	
11/1/24	$ 16,300,000	$	-	$	391,019	$ 1,133,291	
5/1/25	$ 16,300,000	$	355,000	$	391,019	$	-	
11/1/25	$ 15,945,000	$	-	$	383,919	$ 1,129,938	
5/1/26	$ 15,945,000	$	370,000	$	383,919	$	-	
11/1/26	$ 15,575,000	$	-	$	376,519	$ 1,130,438	
5/1/27	$ 15,575,000	$	385,000	$	376,519	$	-	
11/1/27	$ 15,190,000	$	-	$	368,819	$ 1,130,338	
5/1/28	$ 15,190,000	$	400,000	$	368,819	$	-	
11/1/28	$ 14,790,000	$	-	$	360,819	$ 1,129,638	
5/1/29	$ 14,790,000	$	420,000	$	360,819	$	-	
11/1/29	$ 14,370,000	$	-	$	352,419	$ 1,133,238	
5/1/30	$ 14,370,000	$	435,000	$	352,419	$	-	
11/1/30	$ 13,935,000	$	-	$	342,088	$ 1,129,506	
5/1/31	$ 13,935,000	$	460,000	$	342,088	$	-	
11/1/31	$ 13,475,000	$	-	$	331,163	$ 1,133,250	
5/1/32	$ 13,475,000	$	480,000	$	331,163	$	-	
11/1/32	$ 12,995,000	$	-	$	319,763	$ 1,130,925	
5/1/33	$ 12,995,000	$	505,000	$	319,763	$	-	
11/1/33	$ 12,490,000	$	-	$	307,769	$ 1,132,531	
5/1/34	$ 12,490,000	$	530,000	$	307,769	$	-	
11/1/34	$ 11,960,000	$	-	$	295,181	$ 1,132,950	
5/1/35	$ 11,960,000	$	555,000	$	295,181	$	-	
11/1/35	$ 11,405,000	$	-	$	282,000	$ 1,132,181	
5/1/36	$ 11,405,000	$	580,000	$	282,000	$	-	
11/1/36	$ 10,825,000	$	-	$	268,225	$ 1,130,225	
5/1/37	$ 10,825,000	$	610,000	$	268,225	$	-	
11/1/37	$ 10,215,000	$	-	$	253,738	$ 1,131,963	
5/1/38	$ 10,215,000	$	640,000	$	253,738	$	-	
11/1/38	$ 9,575,000	$	-	$	238,538	$ 1,132,275	
5/1/39	$ 9,575,000	$	670,000	$	238,538	$	-	
11/1/39	$ 8,905,000	$	-	$	222,625	$ 1,131,163	

Shingle Creek Community Development District Series 2019, Special Assessment Bonds
(Term Bonds Combined)

	Amortization Schedule		
Date	Balance	Principal	Interest	Annual	

5/1/40	
$ 8,905,000	
$	705,000	
$	222,625	
$	-	
11/1/40	$ 8,200,000	$	-	$	205,000	$ 1,132,625	
5/1/41	$ 8,200,000	$	740,000	$	205,000	$	-	
11/1/41	$ 7,460,000	$	-	$	186,500	$ 1,131,500	
5/1/42	$ 7,460,000	$	775,000	$	186,500	$	-	
11/1/42	$ 6,685,000	$	-	$	167,125	$ 1,128,625	
5/1/43	$ 6,685,000	$	815,000	$	167,125	$	-	
11/1/43	$ 5,870,000	$	-	$	146,750	$ 1,128,875	
5/1/44	$ 5,870,000	$	860,000	$	146,750	$	-	
11/1/44	$ 5,010,000	$	-	$	125,250	$ 1,132,000	
5/1/45	$ 5,010,000	$	905,000	$	125,250	$	-	
11/1/45	$ 4,105,000	$	-	$	102,625	$ 1,132,875	
5/1/46	$ 4,105,000	$	950,000	$	102,625	$	-	
11/1/46	$ 3,155,000	$	-	$	78,875	$ 1,131,500	
5/1/47	$ 3,155,000	$ 1,000,000	$	78,875	$	-	
11/1/47	$ 2,155,000	$	-	$	53,875	$ 1,132,750	
5/1/48	$ 2,155,000	$ 1,050,000	$	53,875	$	-	
11/1/48	$ 1,105,000	$	-	$	27,625	$ 1,131,500	
5/1/49	$ 1,105,000	$ 1,105,000	$	27,625	$ 1,132,625	
Totals		$ 17,600,000	$ 15,624,769	$ 33,224,769	

S ECTION XI

\	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

April 24, 2020

Shingle Creek Community Development District c/o Governmental Management Services-CF, LLC 9145 Narcoossee Road, Suite A206
Orlando, Florida 32827

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

$17,895,000 Shingle Creek Community Development District (Osceola County, Florida) Special Assessment Bonds, Series 2019 (2019 Area Assessment Area)

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, ofrequired 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 in the assessment of potential penalties.  You have the ultimate  responsibility for your compliance  with the arbitrage laws; therefore, you should review the calculations carefully.

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 t8:)C 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 8275 or similar state disclosure).

PROFESSIONAL FEES AND EXPENSES

Our professional fees for services listed above for the annual bond year ended February 26, 2020 is
$550, 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 of the 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.

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, understandings or agreements relating to this engagement, and may not be amended except by the mutual written agreement of the Client and LLS Tax.

Please indicate your acceptance of this agreement by signing in the space provided  below and returning a copy of this Engagement Letter to us. Thank you again for this opportunity to work with you.

Very truly yours,
LLS Tax Solutions Inc.

AGREED AND ACCEPTED:
Shingle Creek Community Development District

By:   	

By :   L	L. sun+
Linda L. Scott, CPA

PrintName  _  _  _  _  _

Title  _   _   _   _   _   _ _
Date:  _  _   _   _   _   _ _

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S ECTION XII

S ECTION A

S ECTION 1

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1
An act relating to government accountability; amending
s. 11.40, F.S.; specifying that the Governor, the
Commissioner of Education, or the designee of the
Governor or of the commissioner, may notify the
Legislative Auditing Committee of an entity's failure
to comply with certain auditing and financial
reporting requirements; amending s. 11.45, F.S.;
revising definitions and defining the terms "abuse,"
"fraud," and "waste"; excluding water management
districts from certain audit requirements; removing a
cross-reference; authorizing the Auditor General to
conduct audits of tourist development councils and
county tourism promotion agencies; revising reporting
requirements applicable to the Auditor General;
amending s. 11.47, F.S.; specifying that any person
who willfully fails or refuses to provide access to an
employee, officer, or agent of an entity under audit
is subject to a penalty; amending s. 28.35, F.S.;
revising reporting requirements applicable to the
Florida Clerks of Court Operations Corporation;
amending s. 43.16, F.S.; revising the responsibilities
of the Justice Administrative Commission, each state
attorney, each public defender, the criminal conflict
and civil regional counsel, the capital collateral
regional counsel, and the Guardian Ad Litem Program,
to include the establishment and maintenance of
certain internal controls; amending ss. 129.03,
129.06, and 166.241, F.S.; requiring counties and

Page 1 of 33
CODING: Words strickeFt are deletions; words underlined are additions.

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municipalities to maintain certain budget documents on
the entities' websites for a specified period;
amending s. 215.86, F.S.; revising the purposes for
which management systems and internal controls must be
established and maintained by each state agency and
the judicial branch; amending s. 215.97, F.S.;
revising certain audit threshold requirements;
amending s. 215.985, F.S.; revising the requirements
for a monthly financial statement provided by a water
management district; amending s. 218.31, F.S.:
revising the definition of the term	financial audit";
amending s. 218.32, F.S.; authorizing the Department
of Financial Services to request additional
information from a local governmental entity in
preparation of an annual report; requiring a local
governmental entity to respond to such requests within
a specified timeframe; requiring the department to
notify the Legislative Auditing Committee of
noncompliance; amending s. 218.33, F.S.; requiring
local governmental entities to establish and maintain
internal controls to achieve specified purposes;
amending s. 218.391, F.S.; revising membership, and
restrictions thereof, for an auditor selection
committee; prescribing requirements and procedures for
selecting an auditor if certain conditions exist;
amending s. 373.536, F.S.; deleting obsolete language;
requiring water management districts to maintain
certain budget documents on the districts' websites
for specified periods; amending s. 1001.42, F.S.;

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authorizing additional internal audits as directed by
the district school board; amending s. 1002.33, F.S.;
revising the responsibilities of the governing board
of a charter school to include the establishment and
maintenance of internal controls; amending s. 1002.37,
F.S.; requiring completion of an annual financial
audit of the Florida Virtual School; specifying audit
requirements; requiring an audit report to be
submitted to the board of trustees of the Florida
Virtual School and the Auditor General; deleting
obsolete provisions; amending s. 1010.01, F.S.;
requiring each school district, Florida College System
institution, and state university to establish and
maintain certain internal controls; creating ss.
1012.8551 and 1012.915, F.S.; specifying applicable
standards as to employee background screening and
investigations of Florida College System and State
University System personnel, respectively; amending s.
218.503, F.S.; conforming provisions and cross-
references to changes made by the act; providing a
declaration of important state interest; providing an
effective date. 81
82	Be It Enacted by the Legislature of the State of Florida: 83
Section 1. Subsection (2) of section 11.40, Florida
Statutes, is amended to read:
11.40 Legislative Auditing Committee.-
(2) Following notification by the Auditor General, the

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Department of Financial Services, er the Division of Bond
Finance of the State Board of Administration, the Governor or
his or her designee, or the Commissioner of Education or his or
her designee of the failure of a local governmental entity,
district school board, charter school, or charter technical
career center to comply with the applicable provisions withins. 94	11.45(5)-(7), s. 218.32(1), s. 218.38, ors. 218.503(3), the
Legislative Auditing Committee may schedule a hearing to
determine if the entity should be subject to further state
action. If the committee determines that the entity should be
subject to further state action, the committee shall:
(a) In the case of a local governmental entity or district
school board, direct the Department of Revenue and the
Department of Financial Services to withhold any funds not
pledged for bond debt service satisfaction which are payable to
such entity until the entity complies with the law. The
committee shall specify the date that such action must shall
begin, and the directive must be received by the Department of
Revenue and the Department of Financial Services 30 days before
the date of the distribution mandated by law. The Department of
Revenue and the Department of Financial Services may implement
tfle provisioRo of this paragraph.
(b) In the case of a special district created by:
1. A special act, notify the President of the Senate, the
Speaker of the House of Representatives, the standing committees
of the Senate and the House of Representatives charged with
special district oversight as determined by the presiding
officers of each respective chamber, the legislators who
represent a portion of the geographical jurisdiction of the

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118
119	special district, and the Department of Economic Opportunity that the special district has failed to comply with the law. Upon receipt of notification, the Department of Economic	
120	Opportunity shall proceed pursuant to s. 189.062	ors. 189.067.	
121	If the special district remains in noncompliance	after the	
122	process set forth ins. 189.0651, or if a public	hearing is not	
held, the Legislative Auditing Committee may request the
department to proceed pursuant to s. 189.067(3).
2. A local ordinance, notify the chair or equivalent of the
local general-purpose government pursuant to s. 189.0652 and the
Department of Economic Opportunity that the special district has
failed to comply with the law. Upon receipt of notification, the
department shall proceed pursuant to s. 189.062 ors. 189.067.
If the special district remains in noncompliance after the
process set forth ins. 189.0652, or if a public hearing is not
held, the Legislative Auditing Committee may request the
department to proceed pursuant to s. 189.067(3).
3. Any manner other than a special act or local ordinance,
notify the Department of Economic Opportunity that the special
district has failed to comply with the law. Upon receipt of
notification, the department shall proceed pursuant to s. 138	189.062 ors. 189.067(3).
(c) In the case of a charter school or charter technical
career center, notify the appropriate sponsoring entity, which
may terminate the charter pursuant toss. 1002.33 and 1002.34.
Section 2. Subsection (1), paragraph (j) of subsection (2),
paragraph (u) of subsection (3), and paragraph (i) of subsection
(7) of section 11.45, Florida Statutes, are amended, and
paragraph (x) is added to subsection (3) of that section, to

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146	read:	
147	11.45 Definitions; duties; authorities; reports; rules.­	
148	(1) DEFINITIONS.-As used in ss. 11.40-11.51, the term:	
149	(a) "Abuse" means behavior that is deficient or improper	
150	when compared with behavior that a prudent person would consider	
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165	a reasonable and necessary operational practice given the facts and circumstances. The term includes the misuse of authority or position for personal gain.
(b)-fat- "Audit" means a financial audit, operational audit, or performance audit.
Jsl_-B9+- "County agency" means a board of county commissioners or other legislative and governing body of a county, however styled, including that of a consolidated or metropolitan government, a clerk of the circuit court, a separate or ex officio clerk of the county court, a sheriff, a property appraiser, a tax collector, a supervisor of elections, or any other officer in whom any portion of the fiscal duties of a body or officer expressly stated in this paragraph are 4::-fte above are ufldcr law separately placed by law.
(d) "Financial audit" means an examination of financial	
166	statements	in order to express an opinion on the fairness with	
167	which they	are presented in conformity with generally accepted	
168	accounting	principles and an examination to determine whether	
169	operations	are properly conducted in accordance with legal and	
170	regulatory	requirements. Financial audits must be conducted in	
171	accordance	with auditing standards generally accepted in the	
United States and government auditing standards as adopted by
the Board of Aeeoufttafley. When applicable, the scope of
financial audits must shall encompass the additional activities

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necessary to establish compliance with the Single Audit Act
Amendments of 1996, 31 U.S.C. ss. 7501-7507, and other
applicable federal law.
(e) "Fraud" means obtaining something of value through
willful misrepresentation, including, but not limited to,
intentional misstatements or intentional omissions of amounts or
disclosures in financial statements to deceive users of
financial statements, theft of an entity's assets, bribery, or
the use of one's position for personal enrichment through the
deliberate misuse or misapplication of an organization's
resources.
(f)-fet- "Governmental  entity" means a state agency, a county
agency, or any other entity, however styled, that independently
exercises any type of state or local governmental function.
(g)-f-et- "Local governmental entity" means a county agency,
municipality, tourist development council, county tourism
promotion agency, or special district as defined ins. 189.012
The term, but does not include any housing authority established
under chapter 421.
l£l_-fft- "Management letter" means a statement of the
auditor's comments and recommendations.
ill+ft- "Operational audit" means an audit whose purpose is
to evaluate management's performance in establishing and

198	maintaining	internal controls, including controls designed to	
199	prevent and	detect fraud, waste, and abuse, and in administering	
200
201
202
203	assigned responsibilities in accordance with applicable laws, administrative rules, contracts, grant agreements, and other guidelines. Operational audits must be conducted in accordance with government auditing standards. Such audits examine internal	

2019 Legislature	cs   for SB 7014

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204	controls that are	designed and placed in operation to	promote	
205	and encourage the	achievement of management's control	objectives	
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228	in the categories of compliance, economic and efficient operations, reliability of financial records and reports, and safeguarding of assets, and identify weaknesses in those
internal controls.
ill-f-fl+ "Performance audit" means an examination of a program, activity, or function of a governmental entity, conducted in accordance with applicable government auditing standards or auditing and evaluation standards of other
appropriate authoritative bodies. The term includes an examination of issues related to:
Economy, efficiency, or effectiveness of the program.
Structure or design of the program to accomplish its goals and objectives.
Adequacy of the program to meet the needs identified by the Legislature or governing body.
Alternative methods of providing program services or products.
Goals, objectives, and performance measures used by the
agency to monitor and report program accomplishments.
The accuracy or adequacy of public documents, reports, or requests prepared under the program by state agencies.
Compliance of the program with appropriate policies,
rules, or laws.	
229	8. Any	other issues related to governmental entities as	
230	directed by	the Legislative Auditing Committee.	
231	fil-t#	"Political subdivision" means a separate agency or	
232	unit of local government created or established by law and	

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233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257	includes, but is not limited to, the following and the officers thereof: authority, board, branch, bureau, city, commission, consolidated government, county, department, district,
institution, metropolitan government, municipality, office, officer, public corporation, town, or village.
Jll-+1-+- "State agency" means a separate agency or unit of
state government created or established by law and includes, but is not limited to, the following and the officers thereof: authority, board, branch, bureau, commission, department, division, institution, office, officer, or public corporation, as the case may be, except any such agency or unit within the legislative branch of state government other than the Florida Public Service Commission.
(m) "Waste" means the act of using or expending resources unreasonably, carelessly, extravagantly, or for no useful purpose.
(2) DUTIES.-The Auditor General shall:
(j) Conduct audits of local governmental entities when determined to be necessary by the Auditor General, when directed by the Legislative Auditing Committee, or when otherwise required by law. No later than 18 months after the release of the audit report, the Auditor General shall perform such appropriate followup procedures as he or she deems necessary to determine the audited entity's progress in addressing the
findings and recommendations contained within the Auditor	
258	General's previous report. The	Auditor General shall notify each	
259	member of the audited entity's	governing body and the	
260	Legislative Auditing Committee	of the results of his or her	
261	determination. For purposes of this paragraph, local	

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262
263
264
265
266
267
268
269	governmental entities do not include water management districts.

The Auditor General shall perform his or her duties independently but under the general policies established by the Legislative Auditing Committee. This subsection does not limit the Auditor General's discretionary authority to conduct other audits or engagements of governmental entities as authorized in subsection (3).	
270	(3) AUTHORITY FOR AUDITS AND OTHER ENGAGEMENTS.-The	Auditor	
271	General may, pursuant to his or her own authority, or at	the	
272	direction of the Legislative Auditing Committee, conduct	audits	
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290	or other engagements as determined appropriate by the Auditor General of:
(u) The Florida Virtual School pursuant to s. 1002.37.
(x) Tourist development councils and county tourism promotion agencies.
(7) AUDITOR GENERAL REPORTING REQUIREMENTS.-
(i) The Auditor General shall annually transmit by July 15,  to the President of the Senate, the Speaker of the House of Representatives, and the Department  of  Financial  Services,  a list of all school districts, charter schools, charter technical career centers, Florida College System institutions, state universities, and local governmental entities water fflanageffient districts that have failed to comply with the transparency requirements as identified in  the  audit  reports  reviewed pursuant to paragraph (b) and those conducted pursuant  to subsection (2).
Section 3. Subsection (3) of section 11.47, Florida Statutes, is amended to read:	

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291
292
293
294
295
296
297
298
299
300
301
302
303
304
305	11.47 Penalties; failure to make a proper audit or examination; making a false report; failure to produce documents or information.-
(3) Any person who willfully fails or refuses to provide access to an employee, officer, or agent of an entity subject to an audit or to furnish or produce any book, record, paper, document, data, or sufficient information necessary to a proper audit or examination which the Auditor General or the Office of Program Policy Analysis and Government Accountability is by law authorized to perform commits shall be guilty of a misdemeanor of the first degree, punishable as provided ins. 775.082 ors. 775.083.
Section 4. Paragraph (d) of subsection (2) of section 28.35, Florida Statutes, is amended to read:
28.35 Florida Clerks of Court Operations Corporation.­	
306	(2) The duties of the corporation shall include the	
307	following:	
308	(d) Developing and certifying a uniform system of workload	
309	measures and applicable workload standards for court-related	
310	functions as developed by the corporation and clerk workload	
311
312
313
314
315
316
317
318
319	performance in meeting the workload performance standards. These workload measures and workload performance standards shall be designed to facilitate an objective determination of the performance of each clerk in accordance with minimum standards for fiscal management, operational efficiency, and effective collection of fines, fees, service charges, and court costs. The corporation shall develop the workload measures and workload performance standards in consultation with the Legislature. When the corporation finds a clerk has not met the workload	

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320	performance standards, the corporation shall identify the nature	
321	of each deficiency and any corrective action recommended and	
322	taken by the affected clerk of the court. For quarterly periods	
323	ending on the last day of March, June, September, and December	
324	of each year, the corporation shall notify the Legislature of	
325	any clerk not meeting workload performance standards and provide	
326	a copy of any corrective action plans. Such notifications must	
327	be submitted no later than 45 days after the end of the	
328	preceding quarterly period. As used in this subsection, the	
329	term:	
330	1. "Workload measures" means the measurement of the	
331	activities and frequency of the work required for the clerk to	
332	adequately perform the court-related duties of the office as	
333	defined by the membership of the Florida Clerks of Court	
334	Operations Corporation.	
335	2. "Workload performance standards" means the standards	
336	developed to measure the timeliness and effectiveness of the	
337	activities that are accomplished by the clerk in the performance	
338	of the court-related duties of the office as defined by the	
339	membership of the Florida Clerks of Court Operations	
340	Corporation.	
341	Section 5. Present subsections (6) and (7) of section	
342	43.16, Florida Statutes, are renumbered as subsections (7) and	
343	(8), respectively, and a new subsection (6) is added to that	
344	section, to read:	
345	43.16 Justice Administrative Commission; membership, powers	
346	and duties.-	
347	(6) The commission, each state attorney, each public	
348	defender, the criminal conflict and civil regional counsel, the	

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capital collateral regional counsel, and the Guardian Ad Litem
Program shall establish and maintain internal controls designed
to:
(a) Prevent and detect fraud, waste, and abuse as defined 353	in s. 11.45(1).
(b) Promote and encourage compliance with applicable laws,
rules, contracts, grant agreements, and best practices.
(c) Support economical and efficient operations.
(d) Ensure reliability of financial records and reports.
(e) Safeguard assets.
Section 6. Paragraph (c) of subsection (3) of section
129.03, Florida Statutes, is amended to read:
129.03 Preparation and adoption of budget.-
(3) The county budget officer, after tentatively
ascertaining the proposed fiscal policies of the board for the
next fiscal year, shall prepare and present to the board a
tentative budget for the next fiscal year for each of the funds
provided in this chapter, including all estimated receipts,
taxes to be levied, and balances expected to be brought forward
and all estimated expenditures, reserves, and balances to be
carried over at the end of the year.
(c) The board shall hold public hearings to adopt tentative
and final budgets pursuant to s. 200.065. The hearings shall be
primarily for the purpose of hearing requests and complaints
from the public regarding the budgets and the proposed tax
levies and for explaining the budget and any proposed or adopted
amendments. The tentative budget must be posted on the county's
official website at least 2 days before the public hearing to
consider such budget and must remain on the website for at least

378	45 days. The final budget must be posted on the website within	
379	30 days after adoption and must remain on the website for at	
380	least 2 years. The tentative budgets, adopted tentative budgets,	
381	and final budgets shall be filed in the office of the county	
382	auditor as a public record. Sufficient reference in words and	
383	figures to identify the particular transactions must shall be	
384	made in the minutes of the board to record its actions with	
385	reference to the budgets.	
386	Section 7. Paragraph (f) of subsection (2) of section	
387	129.06, Florida Statutes, is amended to read:	
388	129.06 Execution and amendment of budget.-	
389	(2) The board at any time within a fiscal year may amend a	
390	budget for that year, and may within the first 60 days of a	
391	fiscal year amend the budget for the prior fiscal year, as	
392	follows:	
393
394
395
396
397
398
399
400
401
402
403	(f) Unless otherwise prohibited by law, if an amendment to a budget is required for a purpose not specifically authorized in paragraphs (a)-(e), the amendment may be authorized by resolution or ordinance of the board of county commissioners adopted following a public hearing.
1. The public hearing must be advertised at least 2 days, but not more than 5 days, before the date of the hearing. The advertisement must appear in a newspaper of paid general circulation and must identify the name of the taxing authority, the date, place, and time of the hearing, and the purpose of the
hearing. The advertisement must also identify each budgetary	
404	fund to be	amended, the source of the funds, the use of the	
405	funds, and	the total amount of each fund's appropriations.	
406	2. If	the board amends the budget pursuant to this	

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paragraph, the adopted amendment must be posted on the county's
official website within 5 days after adoption and must remain on
the website for at least 2 years.
Section 8. Subsections (3) and (5) of section 166.241,
Florida Statutes, are amended to read:
166.241 Fiscal years, budgets, and budget amendments.-
(3) The tentative budget must be posted on the
municipality's official website at least 2 days before the
budget hearing, held pursuant to s. 200.065 or other law, to
consider such budget and must remain on the website for at least
45 days. The final adopted budget must be posted on the
municipality's official website within 30 days after adoption
and must remain on the website for at least 2 years. If the
municipality does not operate an official website, the
municipality must, within a reasonable period of time as
established by the county or counties in which the municipality
is located, transmit the tentative budget and final budget to
the manager or administrator of such county or counties who
shall post the budgets on the county's website.
(5) If the governing body of a municipality amends the
budget pursuant to paragraph (4)(c), the adopted amendment must
be posted on the official website of the municipality within 5
days after adoption and must remain on the website for at least
2 years. If the municipality does not operate an official
website, the municipality must, within a reasonable period of
time as established by the county or counties in which the
municipality is located, transmit the adopted amendment to the
manager or administrator of such county or counties who shall
post the adopted amendment on the county's website.

436	Section 9. Section 215.86, Florida Statutes, is amended to	
437	read:	
438	215.86 Management systems and controls.-Each state agency	
439	and the judicial branch as defined ins. 216.011 shall establish	
440	and maintain management systems and internal controls designed	
441	to:	
442	(1) Prevent and detect fraud, waste, and abuse as defined	
443	ins. 11.45(1).	
444	ill Promote and encourage compliance with applicable laws,	
445	rules, contracts, and grant agreements.7	
446	(3) Support economical and econoffiie, efficient, and	
447	effective operations T	
448	(4) Ensure reliability of financial records and reports 7	
449	(5) Safeguard and safeguarding of assets. Accounting	
450	oystefflo and procedures shall be designed to fulfill the	
451	requireffients of generally accepted accounting principles.	
452	Section 10. Paragraph (a) of subsection (2) of section	
453	215.97, Florida Statutes, is amended to read:	
454	215.97 Florida Single Audit Act.-	
455	(2) As used in this section, the term:	
456	(a) "Audit threshold" means the threshold amount used to	
457	determine when a state single audit or project-specific audit of	
458	a nonstate entity shall be conducted in accordance with this	
459
460
461
462
463
464	section. Each nonstate entity that expends a total amount of state financial assistance equal to or in excess of $750,000 in any fiscal year of such nonstate entity shall be required to have a state single audit7	or a project-specific audit7	for such fiscal year in accordance with the requirements of this section. Every 2 years the Auditor General, After consulting with the	

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465	Executive Office of the Governor, the Department of Financial	
466	Services, and all state awarding agencies, the Auditor General	
467	shall periodically review the threshold amount for requiring	
468	audits under this section and may recommend any appropriate	
469	statutory change to revise the threshold amount in the annual	
470	report submitted to the Legislature pursuant to s. 11.45(7)(h)	
471	adjust ouch threshold affiount consistent with the purposes of	
472	this section.	
473	Section 11. Subsection (11) of section 215.985, Florida	
474	Statutes, is amended to read:	
475	215.985 Transparency in government spending.-	
476	(11) Each water management district shall provide a monthly	
477	financial statement in the form and manner prescribed by the	
478	Department of Financial Services to the district's governing	
479	board and make such monthly financial statement available for	
480	public access on its website.	
481	Section 12. Subsection (17) of section 218.31, Florida	
482	Statutes, is amended to read:	
483	218.31 Definitions.-As used in this part, except where the	
484	context clearly indicates a different meaning:	
485	(17) QFinancial audit" means an examination of financial	
486	statements in order to express an opinion on the fairness with	
487	which they are presented in conformity with generally accepted	
488	accounting principles and an examination to determine whether	
489	operations are properly conducted in accordance with legal and	
490	regulatory requirements. Financial audits must be conducted in	
491	accordance with auditing standards generally accepted in the	
492	United States and government auditing standards as adopted by	
493	the Board of Accountancy and as prescribed by rules proffiulgated	

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by the Auditer GeReral. When applicable, the scope of financial
audits must shall encompass the additional activities necessary
to establish compliance with the Single Audit Act Amendments of
1996, 31 U.S.C. ss. 7501-7507, and other applicable federal law.
Section 13. Subsection (2) of section 218.32, Florida
Statutes, is amended to read:
218.32 Annual financial reports; local governmental
entities.-
(2) The department shall annually by December 1 file a
verified report with the Governor, the Legislature, the Auditor
General, and the Special District Accountability Program of the
Department of Economic Opportunity showing the revenues, both
locally derived and derived from intergovernmental transfers,
and the expenditures of each local governmental entity, regional
planning council, local government finance commission, and
municipal power corporation that is required to submit an annual
financial report. In preparing the verified report, the
department may request additional information from the local
governmental entity. The information requested must be provided
to the department within 45 days after the request. If the local
governmental entity does not comply with the request, the
department shall notify the Legislative Auditing Committee,
which may take action pursuant to s. 11.40(2). The report must
include, but is not limited to:
(a) The total revenues and expenditures of each local
governmental entity that is a component unit included in the
annual financial report of the reporting entity.
(b) The amount of outstanding long-term debt by each local
governmental entity. For purposes of this paragraph, the term

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523	"long-term debt" means any agreement or series of agreements to	
524	pay money, which, at inception, contemplate terms of payment	
525	exceeding 1 year in duration.	
526	Section 14. Present subsection (3) of section 218.33,	
527	Florida Statutes, is renumbered as subsection (4), and a new	
528	subsection (3) is added to that section, to read:	
529	218.33 Local governmental entities; establishment of	
530	uniform fiscal years and accounting practices and procedures.-	
531	(3) Each local governmental entity shall establish and	
532	maintain internal controls designed to:	
533	(a) Prevent and detect fraud, waste, and abuse as defined	
534	ins. 11.45(1).	
535	(b) Promote and encourage compliance with applicable laws,	
536	rules, contracts, grant agreements, and best practices.	
537	(c) Support economical and efficient operations.	
538	(d) Ensure reliability of financial records and reports.	
539	(e) Safeguard assets.	
540	Section 15. Subsections (2), (3), and (4) of section	
541	218.391, Florida Statutes, are amended, and subsection (9) is	
542	added to that section, to read:	
543	218.391 Auditor selection procedures.-	
544	(2) The governing body of a charter county, municipality,	
545	special district, district school board, charter school, or	
546	charter technical career center shall establish an auditor	
547	selection audit committee.	
548	(a) The auditor selection committee for a Bach fieReharter	
549	county must shall establish afi audit ceffiffiittee that, at a	
550	minimum, shall consist of each of the county officers elected	
551	pursuant to the county charter ors. l(d), Art. VIII of the	

20197014er
State Constitution7	or their respective designees a deoigftee,
and one member of the board of county commissioners or its
designee.
(b) The auditor selection committee for a municipality,
special district, district school board, charter school, or
charter technical career center must consist of at least three
members. One member of the auditor selection committee must be a
member of the governing body of an entity specified in this
paragraph, who shall serve as the chair of the committee.
(c) An employee, a chief executive officer, or a chief
financial officer of the county, municipality, special district,
district school board, charter school, or charter technical
career center may not serve as a member of an auditor selection
committee established under this subsection; however, an
employee, a chief executive officer, or a chief financial
officer of the county, municipality, special district, district
school board, charter school, or charter technical career center
may serve in an advisory capacity.
J.il_ The primary purpose of the auditor selection audit
committee is to assist the governing body in selecting an
auditor to conduct the annual financial audit required ins.
218.39; however, the audit committee may serve other audit
oversight purposes as determined by the entity's governing body .
The public may shall not be excluded from the proceedings under
this section.
(3) The auditor selection audit committee shall:
(a) Establish factors to use for the evaluation of audit
services to be provided by a certified public accounting firm
duly licensed under chapter 473 and qualified to conduct audits

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581	in accordance with government auditing standards as adopted by	
582	the Florida Board of Accountancy. Such factors shall include,	
583	but are not limited to, ability of personnel, experience,	
584	ability to furnish the required services, and such other factors	
585	as may be determined by the committee to be applicable to its	
586	particular requirements.	
587	(b) Publicly announce requests for proposals. Public	
588	announcements must include, at a minimum, a brief description of	
589	the audit and indicate how interested firms can apply for	
590	consideration.	
591	(c) Provide interested firms with a request for proposal.	
592	The request for proposal shall include information on how	
593	proposals are to be evaluated and such other information the	
594	committee determines is necessary for the firm to prepare a	
595	proposal.	
596	(d) Evaluate proposals provided by qualified firms. If	
597	compensation is one of the factors established pursuant to	
598	paragraph (a), it shall not be the sole or predominant factor	
599	used to evaluate proposals.	
600	(e) Rank and recommend in order of preference no fewer than	
601	three firms deemed to be the most highly qualified to perform	
602	the required services after considering the factors established	
603	pursuant to paragraph (a). If fewer than three firms respond to	
604	the request for proposal, the committee shall recommend such	
605	firms as it deems to be the most highly qualified.	
606	(4) The governing body shall inquire of qualified firms as	
607	to the basis of compensation, select one of the firms	
608	recommended by the auditor selection audit committee, and	
609	negotiate a contract, using one of the following methods:	

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610		(a) If compensation is not one of the factors established 611	pursuant to paragraph (3)(a) and not used to evaluate firms
612	pursuant to paragraph (3)(e), the governing body shall negotiate 613	a contract with the firm ranked first. If the governing body is 614	unable to negotiate a satisfactory contract with that firm,
615	negotiations with that firm shall be formally terminated, and 616	the governing body shall then undertake negotiations with the 617	second-ranked firm. Failing accord with the second-ranked firm, 618	negotiations shall then be terminated with that firm and
619	undertaken with the third-ranked firm. Negotiations with the 620	other ranked firms shall be undertaken in the same manner. The 621	governing body, in negotiating with firms, may reopen formal 622	negotiations with any one of the three top-ranked firms, but it 623	may not negotiate with more than one firm at a time.
624		(b) If compensation is one of the factors established 625	pursuant to paragraph (3)(a) and used in the evaluation of
626	proposals pursuant to paragraph (3)(d), the governing body shall 627	select the highest-ranked qualified firm or must document in its 628	public records the reason for not selecting the highest-ranked 629	qualified firm.
630		(c) The governing body may select a firm recommended by the 631	audit committee and negotiate a contract with one of the
632	recommended firms using an appropriate alternative negotiation 633	method for which compensation is not the sole or predominant 634	factor used to select the firm.
635		(d) In negotiations with firms under this section, the 636	governing body may allow a designee to conduct negotiations on 637	its behalf.
638	(9) If the entity fails to select the auditor in accordance

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639	with the requirements of subsections (3)-(6), the entity must 640	again perform the auditor selection process in accordance with 641	this section to select an auditor to conduct audits for
642	subsequent fiscal years.
643		Section 16. Paragraph (e) of subsection (4), paragraph (d) 644	of subsection (5), and paragraph (d) of subsection (6) of
645	section 373.536, Florida Statutes, are amended to read:

646	373.536 District budget and hearing thereon.-	
647	(4) BUDGET CONTROLS; FINANCIAL INFORMATION.-	
648	(e) By Septe!flber 1, 2012, Each district shall provide a	
649	monthly financial statement in the form and manner prescribed by 650	the Department of Financial Services to the district's governing 651	board and make such monthly financial statement available for 652	public access on its website.
653	(5) TENTATIVE BUDGET CONTENTS AND SUBMISSION; REVIEW AND
654	APPROVAL.-
655		(d) Each district shall, by August 1 of each year, submit 656	for review a tentative budget and a description of any
657	significant changes from the preliminary budget submitted to the 658	Legislature pursuant to s. 373.535 to the Governor, the
659	President of the Senate, the Speaker of the House of
660	Representatives, the chairs of all legislative committees and 661	subcommittees having substantive or fiscal jurisdiction over 662	water management districts, as determined by the President of 663	the Senate or the Speaker of the House of Representatives, as 664	applicable, the secretary of the department, and the governing 665	body of each county in which the district has jurisdiction or 666	derives any funds for the operations of the district. The
667	tentative budget must be posted on the district's official

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668	website at least 2 days before budget hearings held pursuant to 669	s. 200.065 or other law and must remain on the website for at 670	least 45 days.
671	(6) FINAL BUDGET; ANNUAL AUDIT; CAPITAL IMPROVEMENTS PLAN;
672	WATER RESOURCE DEVELOPMENT WORK PROGRAM.-
673		(d) The final adopted budget must be posted on the water 674	management district's official website within 30 days after 675	adoption and must remain on the website for at least 2 years. 676		Section 17. Paragraph (1) of subsection (12) of section
677	1001.42, Florida Statutes, as amended by chapter 2018-5, Laws of 678	Florida, is amended to read:
679	1001.42 Powers and duties of district school board.-The
680	district school board, acting as a board, shall exercise all 681	powers and perform all duties listed below:
682		(12) FINANCE.-Take steps to assure students adequate 683	educational facilities through the financial procedure
684	authorized in chapters 1010 and 1011 and as prescribed below: 685		(1) Internal auditor.-May or, in the case of a school  686	district receiving annual federal, state, and local funds in 687	excess of $500 million, shall employ an internal auditor. The
688	scope of the internal auditor shall not be restricted and shall 689	include every functional and program area of the school system. 690		1. The internal auditor shall perform ongoing financial 691	verification of the financial records of the school district, a 692	comprehensive risk assessment of all areas of the school system 693	every 5 years, and other audits and reviews as the district
694	school board directs for determining:
695		a. The adequacy of internal controls designed to prevent 696	and detect fraud, waste, and abuse as defined ins. 11.45(1).

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697	b. Compliance with applicable laws, rules, contracts, grant	
698	agreements, district school board-approved policies, and best	
699	practices.	
700	c. The efficiency of operations.	
701	d. The reliability of financial records and reports.	
702	e. The safeguarding of assets.	
703	f.	Financial solvency.	
704	g. Projected revenues and expenditures.	
705	h. The rate of change in the general fund balance.	
706	2. The internal auditor shall prepare audit reports of his	
707	or her findings and report directly to the district school board	
708	or its designee.	
709	3. Any person responsible for furnishing or producing any	
710	book, record, paper, document, data, or sufficient information	
711	necessary to condµct a proper audit or examination which the	
712	internal auditor is by law authorized to perform is subject to	
713	the provisions of s. 11.47(3) and (4).	
714	Section 18. Paragraph (j) of subsection (9) of section	
715	1002.33, Florida Statutes, is amended to read:	
716	1002.33 Charter schools.-	
717	(9) CHARTER SCHOOL REQUIREMENTS.-	
718	(j) The governing body of the charter school shall be	
719	responsible for:	
720	1. Establishing and maintaining internal controls designed	
721	to:	
722	a. Prevent and detect fraud, waste, and abuse as defined in	
723	s. 11.45(1).	
724	b. Promote and encourage compliance with applicable laws,	
725	rules, contracts, grant agreements, and best practices.	

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726
727
728	Support economical and efficient operations.
Ensure reliability of financial records and reports. e. Safeguard assets.	
729	h	Ensuring that	the charter school has retained the	
730	services of a certified	public accountant or auditor for the	
731	annual financial audit,	pursuant to s. 1002.345(2), who shall	
732	submit the report to the governing body.
733   l.:_-2-.-  Reviewing and approving the audit report, including 734 audit findings and recommendations for the financial recovery 735 plan.
736		4.a.-:3-.-a-. Performing the duties ins. 1002.345, including 737	monitoring a corrective action plan.
738		b. Monitoring a financial recovery plan in order to ensure 739	compliance.
740		2-.:_ Participating in governance training approved by the 741	department which must include government in the sunshine,
742	conflicts of interest, ethics,  and financial responsibility. 743		Section 19. Present subsections (6) through (10) of section
744	1002.37, Florida Statutes, are renumbered as subsections (7)
745	through (11), respectively, present subsection (6) is amended, 746	and a new subsection (6) is added to that section, to read: 747		1002.37 The Florida Virtual School.-
748		(6) The Florida Virtual School shall have an annual 749	financial audit of its accounts and records conducted by an 750	independent auditor who is a certified public accountant 751	licensed under chapter 473. The independent auditor shall 752	conduct the audit in accordance with rules adopted by the
753	Auditor General pursuant to s. 11.45 and, upon completion of the 754	audit, shall prepare an audit report in accordance with such

20197014er
755	rules. The audit report must include a written statement by the	
756	board of trustees describing corrective action to be taken in	
757	response to each of the independent auditor's recommendations	
758	included in the audit report. The independent auditor shall	
759	submit the audit report to the board of trustees and the Auditor	
760	General no later than 9 months after the end of the preceding	
761	fiscal year.	
762	J21-t6+- The board of trustees shall annually submit to the	
763	Governor, the Legislature, the Commissioner of Education, and	
764	the State Board of Education the audit report prepared pursuant	
765	to subsection (6) and a complete and detailed report setting	
766	forth:	
767	(a) The operations and accomplishments of the Florida	
768	Virtual School within the state and those occurring outside the	
769	state as Florida Virtual School Global.	
770	(b) The marketing and operational plan for the Florida	
771	Virtual School and Florida Virtual School Global, including	
772	recommendations regarding methods for improving the delivery of	
773	education through the Internet and other distance learning	
774	technology.	
775	(c) The assets and liabilities of the Florida Virtual	
776	School and Florida Virtual School Global at the end of the	
777	fiscal year.	
778	(d) A copy of an annual fiRaRcial audit of the aeeouRt□ aRd	
779	records of the Florida Virtual School and Florida Virtual School	
780	Global, coRductcd by aR iRdcpcndefit certified public accountaRt	
781	aRd pcrforffied in accordance with rules adopted by the Auditor	
782	General.	
783	(d)-te+- Recommendations regarding the unit cost of providing	

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784	services to students through the Florida Virtual School and	
785	Florida	Virtual School Global. In order to most effectively	
786	develop	public policy regarding any future funding of the	
787	Florida	Virtual School, it is imperative that the cost of the	
788	program	is accurately identified. The identified cost of the	
789	program	must be based on reliable data.	
790	_ltl+B-- Recommendations regarding an accountability
791	mechanism to assess the effectiveness of the services provided 792	by the Florida Virtual School and Florida Virtual School Global. 793		Section 20. Subsection  (5) is added to section 1010.01, 794	Florida Statutes, to read:
795	1010.01 Uniform records and accounts.-
796	(5) Each school district, Florida College System
797	institution, and state university shall establish and maintain 798	internal controls designed to:
799		(a) Prevent and detect fraud, waste, and abuse as defined 800	ins. 11.45(1).
801		(b) Promote and encourage compliance with applicable laws, 802	rules, contracts, grant agreements, and best practices.
803	(c) Support economical and efficient operations.
804	(d) Ensure reliability of financial records and reports. 805	(e) Safeguard assets.
806	Section 21. Section 1012.8551, Florida Statutes, is created
807	to read:
808		1012.8551 Employee background screening and investigations 809	for Florida College System personnel.-Section 110.1127 applies 810	to each institution in the Florida College System. Each
811	institution must designate the positions subject to background 812	screening and investigation pursuant to that section.

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813	Section 22. Section 1012.915, Florida Statutes, is created	
814	to read:	
815	1012.915 Employee background screening and investigations	
816	for State University System personnel.-Section 110.1127 applies	
817	to each institution in the State University System. Each	
818	institution must designate the positions subject to background	
819	screening and investigation pursuant to that section.	
820	Section 23. Subsection (3) of section 218.503, Florida	
821	Statutes, is amended to read:	
822	218.503 Determination of financial emergency.-	
823	(3) Upon notification that one or more of the conditions in	
824	subsection (1) have occurred or will occur if action is not	
825	taken to assist the local governmental entity or district school	
826
827
828
829
830	board, the Governor or his or her designee shall contact the local governmental entity or the Commissioner of Education or his or her designee shall contact the district school board a propriate, to determine what actions have been taken by the local governmental entity or the district school board to	
831	resolve or prevent	the condition. The information requested must	
832	be provided within	45 days after the date of the request. If the	
833	local governmental	entity or the district school board does not	
834
835
836
837
838
839
840
841	comply with the request, the Governor or his or her designee or the Commissioner of Education or his or her designee shall notify the ffiCfflbero of the Legislative Auditing Committee, which Wfi-e may take action pursuant to s. 11.40(2) 11.40. The Governor or the Commissioner of Education, as appropriate, shall determine whether the local governmental entity or the district school board needs state assistance to resolve or prevent the condition. If state assistance is needed, the local governmental	

2019 Legis1ature	CS for SB 7014

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842
843
844
845
846
847
848
849
850
851
852
853
854
855	entity or district school board is considered to be in a state of financial emergency. The Governor or the Commissioner of Education, as appropriate, has the authority to implement measures as set forth in ss. 218.50-218.504 to assist the local governmental entity or district school board in resolving the financial emergency. Such measures may include, but are not limited to:
Requiring approval of the local governmental entity's budget by the Governor or approval of the district school board's budget by the Commissioner of Education.
Authorizing a state loan to a local governmental entity and providing for repayment of same.
Prohibiting a local governmental entity or district school board from issuing bonds, notes, certificates of	
856	indebtedness, or any	other form of debt until such time as it is	
857	no longer subject to	this section.	
858	(d) Making such	inspections and reviews of records,	
859
860
861
862
863
864
865
866
867
868
869
870	information, reports, and assets of the local governmental entity or district school board as are needed. The appropriate local officials shall cooperate in such inspections and reviews.
Consulting with officials and auditors of the local governmental entity or the district school board and the appropriate state officials regarding any steps necessary to bring the books of account, accounting systems, financial procedures, and reports into compliance with state requirements.
Providing technical assistance to the local governmental entity or the district school board.
l. Establishing a financial emergency board to oversee the activities of the local governmental entity or the district	

2019 Legislature	CS for SB 7014

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871	school board. If a financial emergency board is established for 872	a local governmental entity, the Governor shall appoint board 873	members and select a chair. If a financial emergency board is 874	established for a district school board, the State Board of  875	Education shall appoint board members and select a chair. The 876	financial emergency board shall adopt such rules as are
877	necessary for conducting board business. The board may:
878		a. Make such reviews of records, reports, and assets of the 879	local governmental entity or the district school board as are 880	needed.
881		b. Consult with officials and auditors of the local  882	governmental  entity or the district school board and the 883	appropriate state officials regarding any steps necessary to
884	bring the books	of account, accounting systems, financial	
885	procedures, and	reports of the local governmental entity or the	
886	district school	board into compliance with state requirements.	
887
888
889	c. Review the operations, management, efficiency, productivity, and financing of functions and operations of the local governmental entity or the district school board.	
890	d. Consult with	other governmental entities for the	
891	consolidation of all	administrative direction and support	
892	services, including,	but not limited to, services for asset	
893	sales, economic and community development, building inspections, 894	parks and recreation, facilities management, engineering  and 895	construction, insurance coverage, risk management, planning and 896	zoning, information systems, fleet management, and purchasing.
897		2. The recommendations and reports made by the financial 898	emergency board must be submitted to the Governor for local 899	governmental entities or to the Commissioner of Education and

2019 Legislature	cs   for SB 7014

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900
901
902
903
904
905
906	the State Board of Education for district school boards for appropriate action.
(h) Requiring and approving a plan, to be prepared by officials of the local governmental entity or the district school board in consultation with the appropriate state officials, prescribing actions that will cause the local governmental entity or district school board to no longer be	
907	subject	to this section. The plan must include, but need not be	
908	limited	to:	
909	1.	Provision for payment in full of obligations outlined in	
910	subsection (1), designated as priority items, which are	
911	currently due or will	come due.	
912	2. Establishment	of priority budgeting or zero-based	
913	budgeting in order to	eliminate items that are not affordable.	
914		3. The prohibition of a level of operations which can be 915	sustained only with nonrecurring revenues.
916		4. Provisions implementing the consolidation, sourcing, or 917	discontinuance of all administrative direction and support
918	services, including, but not limited to, services for asset
919	sales, economic and community development, building inspections, 920	parks and recreation, facilities management, engineering  and 921	construction, insurance coverage, risk management, planning and 922	zoning, information systems, fleet management, and purchasing.
923	Section 24. The Legislature finds that a proper and
924	legitimate state purpose is served when internal controls are 925	established to prevent and detect fraud, waste, and abuse and to 926	safeguard and account for government funds and property.
927	Therefore, the Legislature determines and declares that this act 928	fulfills an important state interest.

2019 Legislature	CS for SB 7014

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929	Section 25. This act shall take effect July 1, 2019.

SECTION C

S ECTION 1

Shingle Creek
Community Development District

Summa ry of Checks

November 26, 2019 to January 27, 2020

	Bank	Date	Check#	Amount	
	
General Fund	
12/3/19	
370-371	
$	147,090.40	
		12/4/19	372	$	1,050.00	
		12/6/19	373	$	4,097.91	
		12/9/19	374	$	55.74	
		12/10/19	375-376	$	1,577,527.24	
		12/11/19	377-378	$	12,082.45	
		1/3/20	379	$	1,050.00	
		1/10/20	380	$	4,113.77	
		1/15/20	381-383	$	12,342.60	
		1/23/20	384-387	$	303,378.44	
		1/24/20	388	$	2,352.10	
				$	2,065,140.65	

 	$	2,06s,14o.6s 1

CHECK  VEND# .••••INVOICE•.•....•EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
12/03/19 00012	12/03/19 12032019 201912 300-20700-10000
FY20 DEBT SERVICE SER2015

STATUS	AMOUNT	•••.CHECK..•..
AMOUNT	#
*	91,552.10

SHINGLE CREEK CDD C/0 REGIONS BANK
12/03/19 00012	12/03/19 12032019 201912 300-20700-10100
FY20 DEBT SERVICE SER2019

- - -  -  -  -  - - -	9-1,-55-2.-10-

-

*	55,538.30

000370

SHINGLE CREEK CDD C/0 REGIONS BANK
12/04/19 00007	12/01/19 42332	201912 320-53800-47000
WATERWAY MAINT 3 PONDS 12/01/19 42332	201912 320-53800-47000
ADDITIONAL SRVC-4 PONDS

- - - - - - -  -  -  - -55-,5-38-.30-
*	840.00
*	210.00

000371

AQUATIC WEED CONTROL, INC.
12/06/19 00011	12/01/19 100	201912 320-53800-12000
FIELD MANAGEMENT DEC19 12/01/1999	201912 310-51300-34000
MANAGEMENT FEES DEC19 12/01/1999	201912 310-51300-35200
INFORMATION TECH DEC19 12/01/1999	201912 310-51300-31300
DISSEMINATION FEES DEC19

- -  -  - - -  -  -  -  -  -1-,0-50.-00- 000372
*	625.00
*	2,789.58
*	100.00
*	583.33

GOVERNMENTAL MANAGEMENT SERVICES
12/09/19 00011 12/09/19 101	201912 310-51300-51000	*
OFFICE SUPPLIES DEC19
12/09/19 101	201912 310-51300-42000	*
POSTAGE DEC19
12/09/19 101	201912 310-51300-42500	*
COPIES DEC19

5.15
33.64
16.95

4,097.91 000373

GOVERNMENTAL MANAGEMENT SERVICES
12/10/19 00012	12/09/19 12092019 201912 300-20700-10000
FY20 DEBT SERVICE SER2015

*	981,885.46

55.74 000374

SHINGLE CREEK CDD C/0 REGIONS BANK
12/10/19 00012	12/09/19 12092019 201912 300-20700-10100
FY20 DEBT SERVICE SER2019

*	595,641.78

981,885.46 000375

SHINGLE CREEK CDD C/0 REGIONS BANK
12/11/19 00023	12/10/19 52820	201912 320-53800-46200	*
MTHLY-MNT-DEC19-PHASE I
12/10/19 52820	201912 320-53800-46200	*
MTHLY-MNT-DEC19-PHASE II
12/10/19 52820	201912 320-53800-46200	*
MTHLY-MNT-DEC19-AREA I

6,116.00
1,423.00
350.00

595,641.78 000376

SHIN SHINGLE CREEK TVISCARRA

CHECK  VEND# .....INVOICE••••....EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
12/10/19 52820	201912 320-53800-46200
MTHLY-MNT-DEC19-ADD.PH2P2 12/10/19 52820	201912 320-53800-46200
MTHLY-MNT-DEC19-ADD.AREAS

STATUS

*
*

AMOUNT	..••CHECK	•
AMOUNT	#
1,150.00
2,792.35

DOWN TO EARTH LAWNCARE II, INC
12/11/19 00016	12/07/19 88849	201911 310-51300-31500
SIGNAGE AGREE/REV.AGNDA

- - -  -  -  - - -  -  - -11,-83-1.-35-
*	251.10

000377

LATHAM, LUNA, EDEN & BEAUDINE
1/03/20 00007	1/01/20 43306	202001 320-53800-47000
WATERWAY MAINT 3 PONDS
1/01/20 43306	202001 320-53800-47000
ADDITIONAL SRVC-4 PONDS

-  - - -  -  -  -  - - - - -2-51.-1-0 000378
*	840.00
*	210.00

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

AQUATIC WEED CONTROL, INC.

-  - - -  - - -  -  -  -  -1-,0-50.-00- 000379

1/10/20 00011	1/01/20 102	202001 310-51300-34000
MANAGEMENT FEES JAN20

*	2,789.58

1/01/20

102	202001 310-51300-35200
INFORMATION TECH JAN20

*	100.00

1/01/20 102	202001 310-51300-31300
DISSEMINATION FEES JAN20

*	583.33

1/01/20
1/01/20

102	202001 310-51300-51000
OFFICE SUPPLIES JAN20
102	202001 310-51300-42000
POSTAGE JAN20

*	.21
*	3.50

1/01/20 102	202001 310-51300-42500
COPIES JAN20

*	12.15

1/01/20
- - - - - - - - - - - - -

103	202001 320-53800-12000
FIELD MANAGEMENT JAN20
GOVERNMENTAL MANAGEMENT SERVICES

*	625.00
- -  -  - -  -  - - -  - -4,-11-3.-77- 000380

1/15/20 00023	1/10/20 55743	202001 320-53800-46200	*
MTHLY-MNT-JAN20-PHASE I
1/10/20 55743	202001 320-53800-46200	*
MTHLY-MNT-JAN20-PHASE II
1/10/20 55743	202001 320-53800-46200	*
MTHLY-MNT-JAN20-AREA I
1/10/20 55743	202001 320-53800-46200	*
MTHLY-MNT-JAN20-ADD.PH2P2

6,116.00
1,423.00
350.00
1,150.00

1/10/20

55743	202001 320-53800-46200	*
MTHLY-MNT-JAN20-ADD.AREAS

2,792.35

DOWN TO EARTH LAWNCARE II, INC

- - - - - - -

11,831.35 000381

1/15/20 00028	1/07/20 60145	201912 310-51300-31100

- - - - - - - -

ATTEND BOS MEETING

*	285.00

HAMILTON ENGINEERING &  SURVEYING	285.00 000382

SHIN SHINGLE CREEK TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	1/27/20
***  CHECK DATES 11/26/2019 - 01/27/2020 ***	GENERAL FUND
BANK A GENERAL FUND

PAGE	3

CHECK  VEND# •••••INVOICE••••••••EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
1/15/20 00013	12/31/19 14582396 201912 310-51300-48000
NOT.SPECIAL BOS MTG 12/24

STATUS	AMOUNT	•••.CHECK••••.
AMOUNT	#
*	226.25

1/23/20 00012

ORLANDO SENTINEL
1/21/20 01212020 202001 300-20700-10000
FY20 DEBT SERV SER2015

- -  -  - -  -  - - -  -  -  -2-26-.25- 000383
*	123,336.35

1/23/20 00012

1/23/20 00012

SHINGLE CREEK CDD C/0 REGIONS BANK
1/21/20 01212020 202001 300-20700-10000
FY20 DEBT $ERV SER2015
SHINGLE CREEK CDD C/0 REGIONS BANK
1/21/20 01212020 202001 300-20700-10100
FY20 DEBT SERV SER2019

-  -  - - - -  -  - - -12-3,-33-6.-35-
*	65,492.64
- -  -  -  - - -  -  -  - 6-5,-49-2.-64-
*	74,819.61

000384

000385

1/23/20 00012

SHINGLE CREEK CDD C/0 REGIONS BANK
1/21/20 01212020 202001 300-20700-10100
FY20 DEBT SERV SER2019

- - - - - - - - - -
*	39,729.84

7-4-,8-19.-61-

000386

1/24/20 00016

SHINGLE CREEK CDD C/0 REGIONS BANK
1/17/20 89539	201912 310-51300-31500
MTG/DRAFT/COMPILE PLATS

-  -  -  -  -  - - -  -  - -39-,7-29.-84- 000387
*	2,352.10

LATHAM, LUNA, EDEN &   BEAUDINE	2,352.10 000388

TOTAL FOR BANK A TOTAL FOR REGISTER

2,065,140.65
2,065,140.65

SHIN SHINGLE CREEK TVISCARRA

Shingle Creek
Community Development District

Sum m ar y of Checks

January 27, 2020 to April  27, 2020

	Bank	Date	Check#	Amount	
	
General Fund	
1/29/20	
389	
$	325.00	
		2/5/20	390	$	1,050.00	
		2/7/20	391	$	4,119.73	
		2/12/20	392	$	12,781.27	
		2/14/20	393-395	$	138,860.57	
		2/21/20	396-397	$	5,018.82	
		2/24/20	398-399	$	1,473.32	
		3/4/20	400-401	$	3,050.00	
		3/6/20	402	$	4,133.05	
		3/16/20	403-404	$	17,090.76	
		3/17/20	405-406	$	43,343.65	
		3/24/20	407-408	$	14,454.92	
		3/25/20	409	$	516.86	
		4/1/20	410	$	4,097.91	
		4/3/20	411	$	1,050.00	
		4/9/20	412	$	61.17	
		4/18/20	413-414	$	46,427.03	
		4/21/20	415-419	$	28,492.61	
				$	326,346.67	
$	326,346.67 I

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

STATUS

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

1/29/20 00023

2/05/20 00007

1/20/20 56249	202001 320-53800-46100
RMV PALM TREE/INST.SOIL
DOWN TO EARTH LAWNCARE II, INC
2/01/20 44191	202002 320-53800-47000
WATERWAY MAINT 3 PONDS
2/01/20 44191	202002 320-53800-47000
ADDITIONAL SRVC-4 PONDS

*	325.00

-

- - -  - - -  - - - -  -  -32-5-.00 000389
*	840.00
*	210.00

2/07/20 00011

2/12/20 00023

AQUATIC WEED CONTROL, INC.
2/01/20 104	202002 320-53800-12000
FIELD MANAGEMENT FEB20
2/01/20 105	202002 310-51300-34000
MANAGEMENT FEES FEB20
2/01/20 105	202002 310-51300-35200
INFORMATION TECH FEB20
2/01/20 105	202002 310-51300-31300
DISSEMINATION FEES FEB20 2/01/20 105	202002 310-51300-51000
OFFICE SUPPLIES FEB20
2/01/20 105	202002 310-51300-42000
POSTAGE FEB20
2/01/20 105	202002 310-51300-42500
COPIES FEB20
GOVERNMENTAL MANAGEMENT SERVICES
1/31/20 56936	202001 320-53800-46400
IRRG.INSPCT-SPRAY/ROTATOR 2/10/20 57757	202002 320-53800-46200
MTHLY-MNT-FEB20-PHASE I 2/10/20 57757	202002 320-53800-46200
MTHLY-MNT-FEB20-PHASE II 2/10/20 57757	202002 320-53800-46200
MTHLY-MNT-FEB20-AREA I
2/10/20 57757	202002 320-53800-46200
MTHLY-MNT-FEB20-ADD.PH2P2 2/10/20 57757	202002 320-53800-46200
MTHLY-MNT-FEB20-ADD.AREAS

-  -  -  -  -  - -  - - - -1,-05-0.-00-
*	625.00
*	2,789.58
*	100.00
*	583.33
*	.27
*	15.55
*	6.00
-  -  - -  -  - - -  -  - -4,-11-9.-73-
*	949.92
*	6,116.00
*	1,423.00
*	350.00
*	1,150.00
*	2,792.35

000390

000391

2/14/20 00012

2/14/20 00012

DOWN TO EARTH LAWNCARE II, INC
2/13/20 02132020 202002 300-20700-10000
FY20 DEBT SERV SER2015
SHINGLE CREEK CDD C/0 REGIONS BANK
2/13/20 02132020 202002 300-20700-10100
FY20 DEBT SERV SER2019

- - -	-  -  -  -  -  - -12,-78-1.-27- 000392

-

*	45,401.27

-	-

-  -  -	-  - - -  -	4-5,-40-1.-27- 000393
*	27,541.80

SHINGLE CREEK CDD C/0 REGIONS BANK	27,541.80 000394

SHIN SHINGLE CREEK TVISCARRA

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

STATUS

AMOUNT	••••CHECK.•••.
AMOUNT	#

2/14/20 00012

2/21/20 00023

2/13/20 02132020 202002 300-20700-10100
FY20 LEN OT HOLDINGS 2019
SHINGLE CREEK CDD C/0 REGIONS BANK
2/11/20 58206	202001 320-53800-46200
MTHLY-MNT-JAN20-POND P-1 2/11/20 58206	202001 320-53800-46200
MTHLY-MNT-JAN20-Wl/2 ROAD 2/11/20 58206	202001 320-53800-46200
MTHLY-MNT-JAN20-TRACT 3B 2/11/20 58206	202001 320-53800-46200
MTHLY-MNT-JAN20-ST WAY
2/11/20 58206	202001 320-53800-46200
MTHLY-MNT-JAN20-TRACT K 2/11/20 58206	202001 320-53800-46200
MTHLY-MNT-JAN20-POND P-3 2/11/20 58206A	202002 320-53800-46200
MTHLY-MNT-FEB20-POND P-1 2/11/20 58206A	202002 320-53800-46200
MTHLY-MNT-FEB20-Wl/2 ROAD 2/11/20 58206A	202002 320-53800-46200
MTHLY-MNT-FEB20-TRACT 3B 2/11/20 58206A	202002 320-53800-46200
MTHLY-MNT-FEB20-ST WAY
2/11/20 58206A	202002 320-53800-46200 MTHLY-MNT-FEB20-TRACT K
2/11/20 58206A	202002 320-53800-46200 MTHLY-MNT-FEB20-POND P-3

*	65,917.50
- - - -  - - - -  - -
*	390.81
*	201.36
*	175.14
*	293.33
*	496.19
*	202.58
*	390.81
*	201.36
*	175.14
*	293.33
*	496.19
*	202.58

6-5,-9-17.-50- 000395

DOWN TO EARTH LAWNCARE II, INC - - - -

2/21/20 00030	12/02/19	

2/24/20 00023	
2/19/20	

2/24/20 00016	
2/18/20	

18910	201911 310-51300-32200
FY19 AUDIT SERVICES NOV19

- - -  -  - -  -  -  -  -  -3-,51-8.-82- 000396
*	1,500.00

GRAU & ASSOCIATES
58700	202002 320-53800-46400
RPR/RPLC NOZZLE/ICD/VALVE

- - - -
*

-  -  -  -  - - - -  -  - -1-,5-00.-00-
1,356.56

000397

DOWN TO EARTH LAWNCARE II, INC
89912	202001 310-51300-31500
REV.STATUTORY/PRP MTG

- - - - - - - - -	-1,-35-6.-56-

-

*	116.76

000398

3/04/20 00007

LATHAM, LUNA, EDEN & BEAUDINE
3/01/20 45151	202003 320-53800-47000
WATERWAY MAINT 3 PONDS
3/01/20 45151	202003 320-53800-47000
ADDITIONAL SRVC-4 PONDS

- - - - - - - - - -  -  -1-16-.76 000399

-

*	840.00
*	210.00

AQUATIC WEED CONTROL, INC.	1,050.00 000400

SHIN SHINGLE CREEK TVISCARRA

CHECK  VEND#  •••.•INVOICE••.•• •••EXPENSED TO.••	VENDOR NAME	STATUS	AMOUNT	..•.CHECK••••• DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB SUBCLASS				AMOUNT	#
3/04/20 00030	2/04/20 19106	202001 310-51300-32200	*	2,000.00
FY19 AUDIT FINAL PMT

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

GRAU-&-ASSOCIATES 	2,-0-00.-00- 000401

3/06/20 00011	3/01/20 106	202003 310-51300-34000	*	2,789.58
MANAGEMENT FEES-MAR20
3/01/20 106	202003 310-51300-35200	*	100.00
INFORMATION TECH-MAR20
3/01/20 106	202003 310-51300-31300	*	583.33
DISSEMINATION FEE-MAR20
3/01/20 106	202003 310-51300-51000	*	.63
OFFICE SUPPLIES
3/01/20 106	202003 310-51300-42000	*	15.01
POSTAGE
3/01/20 106	202003 310-51300-42500	*	19.50
COPIES
3/01/20 107	202003 320-53800-12000	*	625.00
FIELD MANAGEMENT-MAR20
-  -  - -  -  -  - - - - -  -  -	- - - - - -  -  -  -  -  -GO-VE-RN-ME-NT-AL- -MAN-A-GE-MEN-T-SE-R-VI-CE-S 	4,-1-33.-05- 000402
3/16/20 00023	3/10/20 58207	202003 320-53800-46200	*	6,116.00
MTHLY-MNT-MAR20-PHASE I
3/10/20 58207	202003 320-53800-46200	*	1,423.00
MTHLY-MNT-MAR20-PHASE II
3/10/20 58207	202003 320-53800-46200	*	350.00
MTHLY-MNT-MAR20-AREA I
3/10/20 58207	202003 320-53800-46200	*	1,150.00
MTHLY-MNT-MAR20-ADD.PH2P2
3/10/20 58207	202003 320-53800-46200	*	2,792.35
MTHLY-MNT-MAR20-ADD.AREAS
3/10/20 58207	202003 320-53800-46200	*	390.81
MTHLY-MNT-MAR20-POND P-1
3/10/20 58207	202003 320-53800-46200	*	201.36
MTHLY-MNT-MAR20-Wl/2 ROAD
3/10/20 58207	202003 320-53800-46200	*	175.14
MTHLY-MNT-MAR20-TRACT 3B
3/10/20 58207	202003 320-53800-46200	*	293.33
MTHLY-MNT-MAR20-ST WAY
3/10/20 58207	202003 320-53800-46200	*	496.19
MTHLY-MNT-MAR20-TRACT K
3/10/20 58207	202003 320-53800-46200	*	202.58
MTHLY-MNT-MAR20-POND P-3

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

DOWN T-O-EA-RT-H-LA-WN-CA-RE-

II, INC -  - - -	-  -  -  - -  - - - - - -13-,5-90.-7-6 000403

3/16/20 00018	3/09/20 76256	202002 310-51300-32300	*	3,500.00
TRUSTEE FEES-SER.2019

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

REG-ION-S-BA-NK

- - - -  -  - - - -  - - - -  -  -  -  - - - -  - - - -3-,50-0.-00-

000404

SHIN SHINGLE CREEK	TVISCARRA

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

STATUS

AMOUNT	...•CHECK.••.•
AMOUNT	#

3/17/20 00012

3/17/20 00012

3/17/20 03172020 202003 300-20700-10000
FY20 DEBT SERV SER 2015
SHINGLE CREEK CDD C/0 REGIONS BANK
3/17/20 03172020 202003 300-20700-10100
FY20 DEBT SERV SER 2019

*	26,977.98

-

-  -  - - -  - - -	- 2-6,-97-7.-98- 000405
*	16,365.67

SHINGLE CREEK CDD C/0 REGIONS BANK

3/24/20	00032	3/18/20	

3/24/20	
00016	
3/17/20	

3/25/20	
00015	
3/20/20	

4/01/20	

00011	

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

4/03/20	
00007	
4/01/20	

00224240 202003 320-53800-43000
4650 W OSCEOLA PKWY VLGHT

- -  -  -  - - - -  - - 1-6-,36-5.-67-
*	13,391.92

000406

KISSIMMEE UTILITY AUTHORITY
90435	202002 310-51300-31500
REV/PREP RES.2015-19 PROJ

- - -  - - - -  -  -  - -13-,3-91-.92- 000407
*	1,063.00

LATHAM, LUNA, EDEN & BEAUDINE
2018358	202003 310-51300-49200
2019 TAX ROLL ADMIN FEE

-  - - -  -  - - - - - -1-,06-3.-00-  000408
*	516.86

OSCEOLA COUNTY PROPERTY APPRAISER
108	202004 310-51300-34000
MANAGEMENT FEES APR20
108	202004 310-51300-35200
INFORMATION TECH APR20
108	202004 310-51300-31300
DISSEMINATION FEES APR20
109	202004 320-53800-12000
FIELD MANAGEMENT APR20

- - -  -  - - - -  -  -  -  -51-6.-86- 000409
*	2,789.58
*	100.00
*	583.33
*	625.00

GOVERNMENTAL MANAGEMENT SERVICES
46088	202004 320-53800-47000
WATERWAY MAINT - 3 PONDS 4/01/20 46088	202004 320-53800-47000
ADDITIONAL SRVC - 4 PONDS

-  - -  -  -  -  -  -  -  - -4,-09-7.-91- 000410
*	840.00
*	210.00

4/09/20 00011

AQUATIC WEED CONTROL, INC.
4/01/20 110	202004 310-51300-51000
OFFICE SUPPLIES APR20
4/01/20 110	202004 310-51300-42000
POSTAGE APR20
4/01/20 110	202004 310-51300-42500
COPIES APR20

-  -  -  -  -  -  -  - - -  -1-,0-50.-00-
*	.51
*	34.26
*	26.40

000411

4/18/20 00012

GOVERNMENTAL MANAGEMENT SERVICES
4/18/20 04182020 202004 300-20700-10000
FY20 DEBT SERVICE SER2015

- - - - - - - - - -
*	28,897.14

61.17 000412

SHINGLE CREEK CDD C/0 REGIONS BANK	28,897.14 000413

SHIN SHINGLE CREEK TVISCARRA

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

STATUS

AMOUNT	•...CHECK.•...
AMOUNT	#

4/18/20 00012

4/21/20 00014

4/18/20 04182020 202004 300-20700-10100
FY20 DEBT SERVICE SER2019
SHINGLE CREEK CDD C/0 REGIONS BANK
3/31/20 8757	202003 320-53800-46300
SITE INSPECT/PREP MAP
3/31/20 8757	202003 320-53800-46300
TREAT NUISANCE/VEGETATION

*	17,529.89
- - - -  - - -  -  -  - -17-,52-9.-89- 000414
*	2,000.00
*	8,000.00

4/21/20 99999

AUSTIN ENVIRONMENTAL CONSULTANTS
4/21/20 VOID	202004 000-00000-00000 VOID CHECK

- - - - - - -
C

.oo

10,000.00 000415

4/21/20 00023

******INVALID VENDOR NUMBER******
4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-PHASE I 4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-PHASE II 4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-AREA I
4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-ADD.PH2P2 4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-ADD.AREAS 4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-POND P-1 4/10/20 63815	202004 320-53800-46200
MTHLT MNT-APR20-Wl/2 ROAD 4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-TRACT 3B 4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-ST WAY
4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-TRACT K 4/10/20 63815	202004 320-53800-46200
MTHLY MNT-APR20-POND P-3 4/17/20 63615	202003 320-53800-46400
RPR/RPLC NOZ/ICD200/SPRAY 4/17/20 63625	202004 320-53800-46400
RPLC BATTERY TIMER RITUAL 4/17/20 63631	202004 320-53800-46400
RPLC BAT.PCK TIMR FRNT GT

- - - - -
*
*
*
*
*
*
*
*
*
*
*
*
*
*

6,116.00
1,423.00
350.00
1,150.00
2,792.35
390.81
201.36
175.14
293.33
496.19
202.58
1,442.88
235.00
470.00

.oo 0004i6

DOWN TO EARTH LAWNCARE II, INC
4/21/20 00027 11/22/19 1680	201911 320-53800-48100
MONUMENT LIGHTING REPAIR

- - -  -  -  - - - - - -15-,7-38-.64-
*	378.97

000417

HERITAGE SERVICE SOLUTIONS LLC	378.97 000418

SHIN SHINGLE CREEK TVISCARRA

CHECK  VEND# ..•..INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
4/21/20 00033	4/10/20 1553	202001 310-51300-35200
WEBSITE ADA COMPLIANCE

STATUS	AMOUNT	....CHECK.....
AMOUNT	#
*	2,375.00

NEWAGETUTORS LLC	2,375.00 000419

TOTAL FOR BANK A TOTAL FOR REGISTER

326,346.67
326,346.67

SHIN SHINGLE CREEK TVISCARRA

.	.    .
S ECTIO N 2	-

•	•	•	•	•	•	•	•	•	•	•	•

•• •••••••

Shingle Creek
Community Development District

Unaudited Financial Reporting

March 31, 2020

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

1	Balance Sheet	

2	

General Fund Income Statement	

3	

Debt Service Fund Series 2015	

4	

Debt Service Fund Series 2019	

5	

Ca pitaI Projects Fund Series 2015	

6	

Capital Projects Fund Series 2019	

7	

Month to Month	

8	

long Term Debt Summary	

9	

FY20 Assessment Receipt Schedule	

10-12	

Construction Schedule Series 2015	

13	

Construction Schedule Series 2019	

Shingle Creek
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
March 31, 2020

	General	Debt Service	Capital Projects		Totals		
	Fund	Fund	Fund		2020		

ASSETS:								
CASH								
OPERATING ACCOUNT - SUNTRUST		$674,742				$674,742		
DUE FROM GENERAL FUND						$0		
INVESTMENTS								
SERIES 2015								
RESERVE			$722,557			$722,557		
REVENUE			$1,434,011			$1,434,011		
INTEREST			$561			$561		
SINKING FUND			$413			$413		
CONSTRUCTION				$1,615		$1,615		
SERIES 2019								
RESERVE			$577,808			$577,808		
REVENUE			$1,015,971			$1,015,971		
INTEREST			$20			$20		
CAPITALIZED INTEREST			$1			$1		
CONSTRUCTION				$727		$727		
TOTAL ASSETS		$674,742	$3,751,342	$2,342		$4,428,426		

LIABILITIES:								
ACCOUNTS PAYABLE		$14,197				$14,197		
FUND EQUITY:								
FUND BALANCES:
RESTRICTED FOR DEBT SERVICE 2015			
$2,157,542			
$2,157,542		
RESTRICTED FOR DEBT SERVICE 2019			$1,593,800			$1,593,800		
RESTRICTED FOR CAPITAL PROJECTS 2015				$1,615		$1,615		
RESTRICTED FOR CAPITAL PROJECTS 2019				$727		$727		
UNASSIGNED		$660,S45				$660,S45		
TOTAL LIABILITIES & FUND EQUITY		$674,742	$3,751,342	$2,342		$4,428,426		

Shingle Creek
COMMUNITY  DEVELOPMENT DISTRICT

GENERAL FUND
Statement of Revenues & Expenditures
For The Period Ending March 31, 2020

ADOPTED	PRORATED BUDGET	ACTUAL
 	BUDGET	THRU 3/31/20	THRU 3/31/20	VARIANCE 
REVENUES:		
ASSESSMENTS· TAX ROLL	$483,116	$452,562	$452,562	$0	
ASSESSMENTS· DIRECT BILLED	$57,708	$43,281	$43,281	$0	
DEVELOPER CONTRIBUTION	$59,133	$29,567	$0	($29,567)	

TOTAL REVENUES	 	$599,957	$525,409	$495,843	($29,567)

EXPENDITURES:

ADMINISTRATIVE:		
ENGINEERING	$25,000	$12,500	$285	$12,215	
ATTORNEY	$40,000	$20,000	$5,019	$14,981	
ARBITRAGE	$1,300	$0	$0	$0	
DISSEMINATION	$7,000	$3,500	$3,500	$0	
ANNUAL AUDIT	$6,500	$4,500	$4,500	$0	
TRUSTEE FEES	$7,500	$3,500	$3,500	$0	
ASSESSMENT ADMINISTRATION	$5,000	$5,000	$5,000	$0	
MANAGEMENT FEES	$33,475	$16,738	$16,737	$0	
INFORMATION TECHNOLOGY	$2,400	$1,200	$2,975	($1,775)	
TELEPHONE	$200	$100	$0	$100	
POSTAGE	$500	$250	$81	$169	
PRINTING & BINDING	$500	$250	$79	$171	
INSURANCE	$10,000	$10,000	$9,153	$847	
LEGAL ADVERTISING	$2,500	$1,250	$226	$1,024	
OTHER CURRENT CHARGES	$300	$150	$0	$150	
OFFICE SUPPLIES	$200	$100	$12	$88	
PROPERTY APPRAISER	$550	$550	$517	$33	
PROPERTY TAXES	$0	$0	$674	($674)	
DUES, LICENSES & SUBSCRIPTIONS	$175	$175	$175	$0	
FIELD:
FIELD SERVICES	

$7,500	

$3,750	

$3,750	

$0	
ELECTRIC	$17,000	$8,500	$3,807	$4,693	
STREETLIGHTS	$0	$0	$13,392	($13,392)	
WATER & SEWER	$0	$0	$11,259	($11,259)	
LANDSCAPE MAINTENANCE	$315,377	$157,689	$76,266	$81,422	
LANDSCAPE CONTINGENCY	$15,000	$7,500	$400	$7,100	
PROPERTY INSURANCE	$8,000	$8,000	$7,650	$3S0	
LONDON CREEK RANCH MAINTENANCE	$30,000	$15,000	$10,000	$5,000	
LAKE MAINTENANCE	$16,480	$8,240	$6,300	$1,940	
LAKE CONTINGENCY	$2,500	$1,250	$0	$1,250	
DRAINAGE R&M	$5,000	$2,500	$0	$2,500	
IRRIGATION REPAIRS	$15,000	$7,500	$4,750	$2,750	
LIGHTING MAINTENANCE	$5,000	$2,500	$379	$2,121	
REPAIRS & MAINTENANCE	$5,000	$2,500	$0	$2,500	
PRESSURE WASHING	$10,000	$5,000	$0	$5,000	
CONTINGENCY	$5,000	$2,500	$0	$2,500	
TOTAL EXPENDITURES	 	$599,957	$312,191	$190,387	$121,804 	
EXCESS REVENUES (EXPENDITURES)	 	$0	$305,456		
FUND BALANCE· BEGINNING	 	$0	$355,090		
FUND BALANCE· ENDING	 	$0	$660,545		

Shingle Creek
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2015 DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Period  Ending March 31, 2020

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 3/31/20	ACTUAL
THRU 3/31/20	
VARIANCE	
REVENUES:						
ASSESSMENTS - TAX ROLL		$1,433,611	$1,343,344	$1,343,344	$0	
INTEREST		$S,000	$2,500	$12,896	$10,396	
TOTAL REVENUES		$1,438,611	$1,345,844	$1,356,239	$10,396	

EXPENDITURES:						
INTEREST -11/1		$523,296	$523,296	$523,296	$0	
PRINCIPAL -11/1		$385,000	$385,000	$385,000	$0	
INTEREST - 05/1		$516,318	$0	$0	$0	
TOTAL EXPENDITURES		$1,424,613	$908,296	$908,296	$0	

EXCESS REVENUES (EXPENDITURE_S) _ _ _

   $13,99_8 _

_ _ _ _ _

_    _    _	  

....$,;4.4_7.;,.9.4. 4	

FUND BALANCE· BEGINNING FUND BALANCE• ENDING

$970,536	$1,709,598

$984,534	$2,157,542

Shingle Creek
COMMUNITY  DEVELOPMENT DISTRICT

SERIES 2019 DEBT SERVICE FUND
Statement  of Revenues & Expenditures
For The Period Ending March 31, 2020

REVENUES:

ASSESSMENTS - TAX ROLL ASSESSMENTS - DIRECT BILLED INTEREST
TRANSFER IN

TOTAL REVENUES

ADOPTED	PRORATED BUDGET		ACTUAL BUDGET		THRU 3/31/20	THRl) 3/31/20

$869,621	$814,913	$814,913
$263,670	$197,753	$197,753
$2,500	$1,2SO	$7,391
$0	$0	S15

$1,135,791	$1,013,916	$1,020,072

VARIANCE

$0
so
$6,141
S15

$6,157

EXPENDITURES:

INTEREST - 11/1 PRINCIPAL- 5/1 INTEREST - 05/1

TOTAL EXPENDITURES

EXCESS REVENUES (EXPENDITURES} FUND BALANCE - BEGINNING
FUND BALANCE - ENDING

$419,928	$419,928	$419,928	so
S295,000	$0	$0	so
S419,928	so	$0	$0
$1,134,856	$419,928	$419,928	so

S935	$600,144

$425,856	$993,655

$426,791	$1,593,800

Shingle Creek
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2015 CAPITAL PROJECTS FUND
Statement  of Revenues & Expenditures
For The Period Ending March 31, 2020

	ADOPTED
BUDGET		PRORATED BUDGET
THRU 3/31/20		ACTUAL
THRU 3/31/20	
VARIANCE	
REVENUES:

INTEREST			
$0		

$0	

$13	

$13	
TOTAL REVENUES			$0		$0	$13	$13	

EXPENDI TURES:								
CAPITAL OUTLAY			$0		$0	$0	$0	
TOTAL EXPENDITURES			$0		$0	$0	$0	
								
EXCESS REVENUES (EXPENDITURES)			$0			$13		
								
FUND BALANCE• BEGINNING			$0			$1 , 602		
								
FUND BALANCE· ENDING			$0			$1,615		

Shingle Creek
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2019 CAPITAL PROJECTS FUND
Statement of Revenues & Expenditures
For The Period  Ending March 31, 2020

		ADOPTED
BUDGET		PRORATED BUDGET
THRU 3/31/20		ACTUAL
THRU 3/31/20	
VARIANCE	
REVENUES:								

INTEREST			$0		$0	$8,382	$8,382	
TOTAL REVENUES			$0		$0	$8,382	$8,382	

EXPENDITURES:								
CAPITAL OUTLAY - CONSTRUCTION			$0		$0	$7,655	($7, 655)	
TRANSFER OUT			$0		$0	$15	($15)	
TOTAL EXPENDITURES			$0		$0	$7,670	$7,670	
								
EXCESS REVENUES (EXPENDITURES)			$0			$712		
								
FUND BALANCE• BEGINNING			$0			$15		
								
FUND BALANCE - ENDING			$0			$727		

Shingle Creek
Community Development District

REVINUl:5 ·		

ASSESSMENTS· TAX ROll	so	
$33,773	
$372,340	
$22,064	
$15,295	
$9,089	so	
$0	
$0	so	
$0	
$0	$452,562	
ASSESSMENTS - DIRECT BIU£O	so	SlB,854	$0	$14,427	so	$0	so	$0	$0	so	$0	$0	$43,281	
DEVROPER CONTRIBUTIONS	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	

TOTAL REVENUES	so	$62,627	
$372,340	$36,491	$15,295	
S9,lffl9	$0	so	$0	$0	so	so	J495,843 j	
EXPENDITURES!														

Oct	Nov	Dec	Ja,	Feb	Ma,

..,	Mar	Ju,	Jul	Au&	Sept	Total

ADMfNISTRADYEi
ENGINEERING	$0	so	$2BS	so	so	$0	$0	so	so	so	$0	so	S285
ATTORNEY	Sl,236	$251	$2,352	$117	$1,063	$0	so	so	$0	$0	$0	$0	$5,019
ARBITRAGE	$0	$0	$0	$0	$0	$0	$0	$0	so	$0	$0	$0	$0
DISSEMINATION	$583	$583	$583	$583	$583	$583	$0	so	so	$0	$0	$0	S3,500
ANNUAL AUOO	$1,000	Sl,500	so	S2,000		so	so	so	so	so	so	so	$0	S4,500 TRUSTEE FEES		so		so	so		so	S3,500	so	so	$0	so	$0	so	so	S3,SOO ASSESSMENT ADMINISTRATION	S5,000		so	so		so		so	so                    $0                              so                    so                        $0                            so                        $0                        S5,000
MANAGEMENT FEES	S2,790	$2,790	$2,790	S2,790	S2,790	$2,790	so	so	so	so	$0	$0	$16,737
INFORMATION TECHNOLOGY	$100	$100	$100	$2,475	SlOO	$100	so	so	so	$0	$0	$0	$2,975
TELEPHONE	$0	$0	so	so	$0	so	$0	$0	$0	$0	so	$0	$0
POSTAGE	S5	S9	$34	$4	S16	S15	$0	so	$0	$0	so	$0	$81
PRINTlNG & BINDING	S13	$12	S17	$12	$6	S20	$0	So	so	$0	so	so	$79
INSURANCE	S9,153	$0	so	so	so	so	so	so	so	$0	$0	so	$9,153
LEGAL ADVERTISING	so	so	S226	$0	$0	$0	so	so	so	so	so	$0	S226 OTHER CURRENT CHARGES	$0	so		so	so	$0	so	so	$0	$0	$0	so	$0		so OFFICE SUPPLIES	so	$S		S5	$0	so	Sl                                $0                             $0                     so                       $0                           so                       $0                          $12
PROPERlY APPRAlSER		so		$0	$0	so	so	$517	$0	$0	$0	$0	so	$0	$S17 PROPERTY TAXES		$0	$674	$0	so	so		$0	so	$0	so	$0	$0	$0	$674 DUES, LICENSES & SUBSCRIPTIONS	S175		$0	so	so	$0		$0                                so                           so            so                        so                          so                        so                        $175

BilJl;.
AELO SERVICES	S625	S625	$625	S625	$625	$625	$0	$0	$0	so	$0	so	$.l,750
ELECTRIC	$602	$618	$602	S694	$64S	$646	so	$0	$0	so	so	so	$3,807
STREETLIGHTS	so	so	so	So	so	$13,392	so	so	$0	so	so	so	$13,392
WATER & SEWER	so	S2,950	$2,529	$1,804	$1,704	$2,272	so	$0	so	so	$0	$0	Sll,259
LANDSCAPE MAINTENANCE	$11,831	$11,831	$11.831	S13,591	$13,591	$13,591	$0	so	so	so	so	so	$76,266
LANDSCAPE CONTINGENCY		$75	$0	$0	S325	$0		so	so	so	$0	$0	$0	so		$400 PROPERTY INSURANCE	$7.650	so	so		$0	so		so	$0	so	$0	$0	so	so	S7,6SO LONDON CREEK RANrn MAINTENANCE			so	so	$0		So	so	Sl0,000                         so                          $0                     $0                         $0                          $0                         $0                      $10,000 LAKE MAINTENANCE Sl,050 $1,050 $1,050 $1,050 Sl,050 Sl,050 so $0 so so so $0 S6,300
LAKE CONTINGENCi		$0	So	so		so		so		so	$0	so	so	so	$0	so	so DRAINAGE R&M		so	$0	so		so		so		$0	$0	so	so	$0	so	so	so IRRIGATION REPAIRS	Sl,001	$0	so	$950	$1,357	Sl,443                              $0                           so            so                       $0                          so                      so          S4,7SO
UGHTING MAINTENANCE	$0	S379	$0	$0	$0	$0	$0	$0	so	so	$0	so	$379
REPAIRS & MAINTENANCE	so	so	$0	$0	so	so	$0	so	so	so	so	so	so
PRESSURE WASHING	so	so	so	so	so	so	$0	so	so	so	$0	so	so
CONTINGENCY	so	so	$0	$0	so	so	so	$0	$0	so	so	so	$0
TOTAL EXPENOffiJRES	S4l,88Jl	Sil.377	S23,029	S27,019	$27,029	S47,G44	so	$0	so	$0	$0	so	$1 90,387 1
EXCESS REVENUES/(EXPENDrTURESI	IS42,888J	$39,250	S349,311	S9,471	ISll.734)	ISl> SJ	so	$0	$0	$0	so	so	$30S,4S6 I

7

Shingle Creek

SERIES 2015, SPECIAL ASSESSMENT REVENUE BONDS

COMMUNITY DEVELOPMENT DISTRICT LONG TERM DEBT REPORT

INTEREST RATE:	3.625%,4.500%, 5.125%,5.400%	
MATURITY DATE:	11/1/2045	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$716,689	
RESERVE FUND BALANCE	$722,557	

BONDS OUTSTANDING - 9/30/15	
$21,465,000	
LESS: PRINCIPAL PAYMENT 11/1/16	($345,000)	
LESS: PRINCIPAL PAYMENT 11/1/17	($360,000)	
LESS: PRINCIPAL PAYMENT 11/1/18	($370,000)	
LESS: PRINCIPAL PAYMENT 11/1/19	($385,000 )	
CURRENT BONDS OUTSTANDING	$20,005,000	

SERIES 2019, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	3.625%, 4.000%, 4.750%, 5.000%	
MATURITY DATE:	5/1/2049	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$566,645	
RESERVE FUND BALANCE	$577,808	
BONDS OUTSTANDING - 2/27/19	
$17,895,000	
CURRENT BONDS OUTSTANDING	$17,895,000	

SHINGLE CREEK
COMMUNITY  DEVELOPMENT DISTRICT

SPECIAL ASSESSMENT RECEIPTS - FY2020 TAX COLLECTOR
	GROSS ASSESSMENTS	$ 2,964,982	$	513,953	$ 1,525,571	$	925,458		
	NET ASSESSMENTS	$ 2,787,083	$	483,116	$ 1,434,037	$	869,931		
				201S	2019		
DATE		GROSS ASSESSMENTS DISCOUNTS/	COMMISSIONS	INTEREST	NET AMOUNT	GENERAL FUND	DEBT SERVICE	DEBT SERVICE	TOTAL	
RECEIVED	DIST.	RECEIVED	PENALTIES	PAID	INCOME	RECEIVED	17.33%	51.45%	31.21%	100%	
11/12/19	ACH	$	18,025.62	$	776.17	$	344.99	$	$ 16,904.46	$	2,930.24	$	8,697.85	$	5,276.38	$ 16,904.46	
11/22/19	ACH	$	189,129.96	$ 7,565.08	$	3,631.30	$	$ 177,933.58	$	30,843.18	$ 91,552.10	$ 55,538.30	$ 177,933.58	
12/6/19	ACH	$	2,028,396.03	$ 81,134.12	$ 38,945.23	$	$ 1,908,316.68	$ 330,789.45	$ 981,885.46	$ 595,641 .78	$ 1,908,316.68	
12/23/19	ACH	$	253,404.21     $    8,805.23    $	4,891.98   $	$   239,707.00    $	41,551.04     $    123,336 .35    $      74,819.61    $   239,707.00
1/10/19	ACH	$	123,266.92     $    3,708.53    $	2,391.16   $	$   117,167.23    $	20,309.88    $      60,286.01    $      36,571.34     $  117,167.23
1/13/20	ACH	$	9,800 .15    $	266.16    $	190.69    $	$	9,343.30    $	1,619.58    $	4,807.40    $	2,916.32    $	9,343.30
1/21/20	ACH	$	$	$	$	775.91   $	775.91    $	134.50    $	399.23    $	242.18    $	775.91
2/12/20	ACH	$	1,028.61    $	$	20.57    $	s	1,008.04    $	174.73    $	518.67    $	314.64    $	1,008.04
2/12/20	ACH	$	90,881.91    $    1,871.34    $	1,780.22    $	$    87,230.35    $	15,12059    s    44,882.60    $       27,227.16    $   87,230.35
3/9/20	ACH	$	54,042 .79    $	540.43    $	1,070.05    $	$      52,432.31    $	9,088.67     $        26,977.98     $      16,365.67     $    52,432.31
4/13/20	ACH	$	50,459.14    $	12.78    $	1,008.91    $	$      49,437.45   $	8,569.54    $      25,437.03    $     15,430.88    $    49,437.45
4/13/20	ACH	$	6,862.07    $	$	137.26    $	$	6,724.81   $	1,165.69    $	3,460.11    $	2,099.01   $	6,724.81
$	$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$	$
$	$	s	$	$	s	$	$	$
s	$	$	$	$	$	$	$	$
$	$	s	$	$	$	$	$	$
$	$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$	$
        TOTAIS	$	2,825,297.41     $104,679.84     $      54,412.36    $	775.91 $ 2,666,981.12 s 462,297.07 S U 72. l4 0.78 $ 832,443.27 $ 2,666,981.12

OIRECT BILLED ASSESSMENTS

LEN OT HOLDINGS, LLC	$321,378.00	$57,708.00	$263,670.00

DATE RECEIVED	DUE DATE	CHECK NO.	NET ASSESSED	AMOUNT	GENERAL
RECEIVED	FUND	SERIES
2019	
11/12/19	11/1/19	1329277	$ 160,689.00	$   160,689.00    $	28,854.00	$ 131,835.00	
1/31/20	2/1/20	1372443	$	80,344.50	$    80,344.50   $	14,427.00	$ 65,917.50	
	5/1/20		$	80,344.50	$	$	$	
			$	321,378.00	$   241,033.50   $	43,281.00	$ 197,7 S2.50	

Shingle Creek
Community Development District

Special Assessment  Bonds, Series 2015

Date	Requisition #	Contractor	Description Fiscal Year 2015
8/5/15	2	Lennar Corporation	Acquisition of Infrastructure

TOTAL

Requisition

$  4,969,742.47

$ 4,969,742.47

Fiscal Year 2015 6/1/15
7/1/15
8/1/15
9/1/15

Interest Interest Interest Interest

TOTAL

Acquisition/Construction Fund at 5/28/15 Interest Earned thru 9/30/15 Requisitions Paid thru 9/30/15

Remaining Acquisition/Construction Fund

$	117.39
$	1,141.79
$	1,308.61
$	939.90

$	3,507.69

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

$14,833,765.22

Footnote: Re gulstion 1 paid th rough COi trust account.

Date	Requisition #	Contractor	Description	Requisition	
Fiscal Year 2016					
10/2/15	3	Billing, Cochran, Lyles, Mauro & Ramsey	Bond Related Legal Ad min & Construction Services	$	7,249.05	
10/2/15	4	Franklin, Hart & Reid	Survey, Bonds & Reimbursements through 9/1/15	$	4,868.75	
10/26/15	5	Fr an kli n, Hart & Reid	Bonds & Reimbursement through 10/7/15	$	7,010.00	
11/12/15	6	Franklin, Hart & Reid	Construction Documents through 10/20/1S	$	16,800.00	
11/12/15	7	Lennar Corporation	Construction Reimbursement through 8/31/15	$ 2,134,772.82	
10/13/16	8	Franklin, Hart & Reid	CIP Plans & Budget/Reimbursement thru 8/26/16	$	1,125.00	
		TOTAL		$ 2,171,825.62	

Fiscal Year 2016					
10/1/15		Interest		$	121.93	
11/1/15		Interest		$	125.89	
12/1/15		Interest		$	110.58	
1/1/16		Interest		$	669.03	
2/1/16		Interest		$	1,724.86	
3/1/16		Interest		$	2,062.11	
4/1/16		Interest		$	2,417.37	
5/1/16		Interest		$	2,423.00	
6/1/16		Interest		$	2,603.24	
7/1/16		Interest		$	2,680.56	
8/1/16		Interest		$	2,673.20	
9/1/16		Interest		$	2,767.00	
		TOTAL		$	20,378.77	
	
Acquisition/Construction Fund at 10/1/16	
$14,833,765.22	
	Interest Earned thru 9/30/16	$	20,378.77	
	Requisitions Paid thru 9/30/16	$ (2,171,825.62)	
	Remaining Acquisition/Construction Fund	   $12,682,318.37 	
Foot note: Re g uis Jt lo ns 3-5 & z accrued in FYlS			

Shingle Creek
Community Development District

Special Assessment  Bonds, Serles 2015

Date	Requisition #	Contractor Fiscal Year 2017

Description

Requisition

3/3/17
8/18/17
8/18/17
8/18/17
8/18/17

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

Lennar Corporation	Reimbursement of Storey Lake Blvd. Ph 2 Costs
Fran kll ng Surveying & Mapping Inc.	ln v#ll 9971, 120026 & 120155 - Re view SL Ph2 Rei m.
Frank llng Surveying & M app indnc.	lnv#l20210 - 2016-2017 Rei mb. Analysis & Review
Lenna- Corporation	Reimbursement of Storey L akeBlvd. Tract 1 Ph 1 & 2 Costs
KPM Franklin	lnv#l20239 - Review of Storey Lake Reimbursements

 	TOTAL	

Interest Interest Interest interest Interest Interest Interest
interest
interest interest Interest Interest

 	TOTAL	

s  83 6,192.94
s	6,3 72.50
s	2,275.00
s 5,386,076 .19
$	7,700.00

$ 6,238,616.63 

$	2,801.29
$	2,873.66
$	2,870.92
s	3,647.87
s	4,54S .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 

Acquisition/Construction Fund at 10/1/16	$12,682,318.37	
interest Earned thru 9/30/17	s	61,258.10	
Requisitions Paid thru 9/30/17	$ (6,238,616.63)	

Re main ing Acquisition/Construction Fund	$ 6,504,959.84

Date	Requisition #	Contractor Fiscal Year 2018

Description	Requisition

1/29/18	14	KPM Franklin

lnv#120578 - Services related to Lennar reimbursement #5 S

6,3 00.00

3/6/18	15	Lennar Corporation

Reimbursement #5 fer Storey Lake

s 3,055,53S.89

3/6/18	17	KPM Franklin
5/16/18	18	KPM Franklin
5/16/18	19	KPM Franklin
5/25/18	20	KPM Franklin

lnv#120608 - Services related to Lennar reim bursement #5 s lnv#120746 - Services related to property expansion	$ lnv#120687 - Services related to Lennar reimbursement #5 $
lnv#120839 • Services related to Lennar reimbursement #6 $

3,062.50
2,992.50
3,062,50
4,522.50

7/31/18	21	Lennar Corporation

Reimbursement #6 fer Storey Lake

$ 3,472,433.7S

9/6/18	22	KPM Franklin

lnv#120931 • Services related to Lennar reimbursement #6 s

2,97S.OO

TOTAL	

Fiscal Year 2018
10/1/17	Interest
11/1/17	Interest
12/1/17	Interest
1/1/18	Interest
2/1/18	Interest
3/1/18	Interest
4/1/18	Interest
5/1/18	Interest
6/1/18	Interest
7/1/18	Interest
8/1/18	Interest
9/1/18	Interest

$ 6,550,884.64 

$	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
$	4,896.61
s	5,135 .19
s	22.50

 	TOTAL		$	s1,n 4.02 	
Acquisition/Construction Fund at 10/1/17	$ 6,504,959.84	
Interest Earned thru 9/30/18	$	57,774.02	
Requisitions Paid thru 9/30/18	$ (6,550,884.64)	
Remaining Acquisition/Construction fund	   $	11,849.22 	

Date	Requisition#	Contractor	Description	Requisition	
Fiscal Year 2019					
10/16/18	23	KPM Franklin	Inv# 121113 - Lennar Reimbursment & Completion of Survey	$	960.00	
10/16/18	24	KPM Franklin	Inv# 121199 - Certification of Requisition #21	$	137.50	
8/12/19	25	KPM Franklin	Inv# 121555, 121663, 121774 & 121968	$	9,377.50	
		TOTAL		$	10,475.00	

Fiscal Year 2019					
10/1/18		Interest		$	18.98	
11/1/18		Interest		$	19.42	
12/3/18		Interest		$	18.51	
1/2/19		Interest		$	19.93	
2/1/19		Interest		$	20.93	
3/1/19		Interest		$	19.01	
4/1/19		Interest		$	21.20	
5/1/19		Interest		$	20.65	
6/3/19		Interest		$	21.16	
7/1/19		Interest		$	20.26	
8/1/19		Interest		$	20.72	
9/1/19		Interest		$	7.03	
		TOTAL		$	227.80	

Acquisition/Construction Fund at 9/30/18	$	11,849.22
Interest Earned thru 9/30/19	$	227.80
Requisitions Paid thru 9/30/19	$	{10,475.00)
Remaining Acquisition/Construction Fund	 $	1,602.02 

Date	Requisition#	Contractor	Description	Re9ulsition	
Fiscal Year 2020					
		TOTAL		$	

Fiscal Year 2020					
10/1/19		Interest		$	2.63	
11/1/19		Interest		$	2.43	
12/1/19		interest		$	2.07	
1/2/20		Interest		$	2.06	
2/3/20		Interest		$	2.02	
3/2/20		Interest		$	1.88	
		TOTAL		$	13.09	
		
Acquisition/Construction Fund at 9/30/19	
$	1,602.02	
		Interest Earned thru 3/31/20	$	13.09	
		Requisitions Paid thru 3/31/20	$	
		Remaining Acquisition/Construction Fund	$	1,615.11	

Date	Requisition #	Contractor	Description	Requisition Fiscal Year 2019

2/27/19	1
8/12/19	2
8/9/19	3
9/30/19	4

Len OT Holdings, LLC
KPM Franklin lmageMaster LLC Len OT Holdings, LLC

Re imbursement lll 2019 Project/Impact Fees
lnvll 121514, 121776 & 121967 - Expansion Report Additional Changes to Official Statement Reimbursementl/2 - Infrastructure

$   7,178,785.01
$	37,330.00
$	250.00
$   9,509,538.84

	TOTAL		$ 16,72S,903.85	

Fiscal Year 2019				
3/1/19	Interest		$	1,188.82	
4/1/19	Interest		$	18,415.26	
5/1/19	Interest		$	17,933.74	
6/3/19	Interest		$	18,380.69	
7/1/19	Interest		$	17,600.38	
8/1/19	Interest		$	17,992.60	
9/1/19	Interest		$	16,446.61	
	TOTAL		$	107,958.10	
		
Acquisition/Construction Fund at 2/27/19	
$ 16,617,945.75	
		Interest Earned thru 9/30/19	$	107,958.10	
		Requisitions Paid thru 9/30/19	$ (16,725,903.85)	
		Re maining Acquisition/Construction Fund	   $		

Date	Requisition#	Contractor	Description	Requisition	
Fiscal Year 2020					
12/6/19	5	Hamilton Engineering & Surveying	lnvsl/59264 & 59407 - Preparation of Reimbursement 112	$	7,655.00	
		TOTAL		$	7,655.00	

Fiscal Year 2020					
10/1/19		Interest		$	8,354.58	
11/1/19		Interest		$	12.22	
12/1/19		Interest		$	10.75	
1/2/20		Interest		$	2.52	
2/3/20		Interest		$	0.91	
3/2/20		Interest		$	0.85	
		TOTAL		$	8,381.83	
		
Acquisition/Construction Fund at 9/30/19	
$	
		Interest Earned thru 3/31/20	$	8,381.83	
		Requisitions Paid thru 3/31/20	$	(7,655.00)	
		Remaining Acquisition/Construction Fund	$	726.83	

S ECTION 3

INSTRUCTIONS

At the Board meeting, when the landowners' election is announced, instructions on how landowners may participate in the election, along with a sample proxy, shall be provided.

At a landowners' meeting, landowners shall organize by electing a Chair who shall conduct the meeting. The Chair may be any person present at the meeting. If the Chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions.

Nominations are made from the floor.

After all nominations are made, a ballot is distributed and votes are cast

Each landowner is entitled to one vote for each acre he owns or portion of an acre.

SAMPLE AGENDA

Determination of Number of Voting Units Represented

Call to Order

Election of a Chairman for the Purpose of Conducting the Landowners' Meeting

Nominations for the Position of Supervisor

Casting of Ballots

Ballot Tabulation

Landowners Questions and Comments

Adjournment

LANDOWNER PROXY LANDOWNERS MEETING - NOVEMBER 2, 2020

SHINGLE CREEK COMMUNITY DEVELOPMENT DISTRICT
OSECOLA COUNTY, FLORIDA

NOW ALL PERSONS BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints:

Proxy Holder

For and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Shingle Creek Community Development District to be held at The Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, Florida 33896 on November 2, 2020 at 12:00 PM, and at any continuances or adjournments thereof, according to the number of acres ofun-platted land and/or platted lots owned by the undersigned landowner which the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing which may be considered at said meeting including, but not limited to, the election of members of the Governing Board. Said Proxy Holder may vote in accordance with their discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the annual meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation  presented  at the annual meeting prior to the Proxy Holder exercising the voting rights conferred herein.

Print or type name of Landowner	Date _ _ _ _

_ _ _

Signature of Landowner

Parcel Description	Acreage	Authorized Votes*

(must be street address, tax parcel ID number, or legal description attached)

Total Number of Authorized Votes:

*Pursuant to section 190.006 (2)(b), Florida Statutes (2007), a fraction of an acre is treated as one (I) acre entitling the landowner to one vote with respect thereto.

Please note that a particular real property is entitled to only one vote for each eligible acre of  lands  or fraction thereof; two (2) or more person who own real property in common that is one acre or less are together entitled to only one vote for that real property. If  the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto. (e.g., bylaws, corporate resolution, etc.). If more than one parcel, each must be listed or described.

S ECTION 4

2020 SPECIAL DISTRICTS QUALIFYING PROCEDURE
(Dates are subject to change)

Florida Statute 99.061
All special district candidates shall qualify by paying a filing fee of $25 .00 or by the petition process pursuant to Florida Statute 99.095. Notwithstanding Florida Statute 106.021,a Special District candidate who does not collect contributions and whose only expense is the filing fee or signature verification fee is not required to appoint a campaign treasurer or designate a primary campaign depository.
Candidates who WILL NOT incur election expensesor contributions will do the following:
If you choose to file by petition method, you need to collect 25 signatures of qualified electors in the district.
Petitions must be submitted by Noon on May 11, 2020.

Qualifying begins at Noon on June 8 and ends at  Noon on June 12, 2020.  To qualify you must present the items listed below (all items MUST be received by the end of the qualifying period):

Form 1 - Statement of Financial Interest
Loyalty Oath/Oath of Candidate
The amount of $25.00 for your qualifying fee.
Candidates filing by the petition method are not required to pay the qualifying fee, however, will be charged .10 for each petition card viewed.

Candidates who WILL incur election expenses or contributions will do the following:
File DS,DE9 Appointment of Campaign Treasurer/Designation of Campaign Depository (open campaign account) . This may be completed at any time prior to qualifying, but MUST be completed by the time you qualify.
Read Chapter 106 of the Florida Statutes, and submit a Statement of Candidate.

If you choose to file by petition method, you need to collect 25 signatures of qualified electors in the district. Form DS-DE9 Appointment of Campaign Treasurer Designation of Campaign Depository must be filed prior to collecting petitions. Petitions must be submitted by Noon 011 May11, 2020.

Qualifying begins at Noon on Tune 8 and ends at Noon on June12 , 2020  .  To qualify you must present the items listed below (all items MUST be received by the end of the qualifying period):

Form 1- Statement of Financial Interest
Loyalty Oath/Oath of Candidate
The amount of $25.00 for your qualifying fee.
Candidates filing by the petition method are not required to pay the qualifying fee, however, will be
charged .10 for each petition card viewed.