Transcription
Rolling OaksCommunity Development DistrictAgendaMarch 24, 2022
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MINUTES OF MEETINGROLLING OAKSCOMMUNITY DEVELOPMENT DISTRICTThe regular meeting of the Board of Supervisors of the Rolling Oaks CommunityDevelopment District was held Wednesday, November 17, 2021 at 1:11 p.m. at the MargaritavilleResort Orlando, 8000 Fins Up Circle, Kissimmee, Florida.Present and constituting a quorum were:John ChisteJared BouskilaCora DiFiorePeter BrownSteven DoughertyChairmanVice Chairman by telephoneAssistant Secretary by telephoneAssistant SecretaryAssistant SecretaryAlso present were:Darrin MossingVivek BabbarDarrin Mossing, Jr.Michael CorteseFIRST ORDER OF BUSINESSManagerAttorney by telephoneGMSGMSRoll CallMr. Mossing called the meeting to order at 1:11 p.m. and called the roll.SECOND ORDER OF BUSINESSPublic Comment PeriodThere were no members of the public present.THIRD ORDER OF BUSINESSApproval of the Minutes of the October 28,2021 MeetingOn MOTION by Mr. Chiste seconded by Mr. Brown with all in favorthe minutes of the October 28, 2021 meeting were approved aspresented.
November 17, 2021Rolling Oaks CDDFOURTH ORDER OF BUSINESSConsiderationofResolution2022-02Approving Form of Phase 8 PlatMr. Mossing stated a copy of the resolution and plat was included in your agenda package.Mr. Babbar stated it is the same format that we presented in the past and I ask that theBoard approve it by resolution and authorize the chair or vice chair to execute the final version ofthe plat.On MOTION by Mr. Brown seconded by Mr. Chiste with all in favorResolution 2022-02 Approving Form of Phase 8 Plat was approvedand the Chairman and Vice Chairman were authorized to execute thefinal plat.FIFTH ORDER OF BUSINESSConsideration of Data Sharing and UsageAgreement with the Osceola County PropertyAppraiserMr. Mossing stated next is consideration of data sharing and usage agreement with theOsceola County property appraiser. This is a requirement of the property appraiser letting theDistrict know that the assessment roll they provide that we utilize to collect our annual operatingand maintenance and debt service assessments has in some cases confidential information aboutpeople residing in the community and it is against the law to share that information with anyone.Ms. DiFiore joined the meeting at this time.On MOTION by Mr. Chiste seconded by Mr. Dougherty with all infavor the Data Sharing Usage Agreement with Osceola CountyProperty Appraiser was approved.SIXTH ORDER OF BUSINESSRatification of Funding Requests 1-7Mr. Mossing stated funding requests 1 – 7 were included in the agenda package and havebeen provided to the developer for funding and most if not all of them have been funded.On MOTION by Mr. Chiste seconded by Mr. Brown with all in favorfunding requests 1-7 were ratified.2
November 17, 2021Rolling Oaks CDDSEVENTH ORDER OF BUSINESSStaff ReportsA. AttorneyThere being none, the next item followed.B. EngineerThere being none, the next item followed.C.Manageri.Approval of Check RegisterOn MOTION by Mr. Chiste seconded by Mr. Brown with all in favorthe check register was approved.ii. Balance Sheet and Income StatementA copy of the balance sheet and income statement were included in the agenda package.EIGHTH ORDER OF BUSINESSSupervisor’s RequestsThere being none, the next item followed.NINTH ORDER OF BUSINESSNext Meeting Date – December 15, 2021Mr. Mossing stated the next meeting will be held December 15, 2021. If there is nothingpressing on the agenda, we may look to cancel that meeting.Mr. Brown stated in the 2018 series bonds there is about 2.3 million left that we will bedrawing in the next two weeks. Is there anything we have to do on that from a Board perspectiveor since that has already been approved is that simply where I have Dave sign it as the engineerand submit it to George?Mr. Babbar stated yes and then at the next Board meeting we can ratify it and we can dothat whenever it is convenient.3
November 17, 2021Rolling Oaks CDDOn MOTION by Mr. Chiste seconded by Mr. Brown with all in favorthe meeting adjourned at 1:18 p.m.Secretary/Assistant SecretaryChairman/Vice Chairman4
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RESOLUTION 2022-03A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ROLLING OAKSCOMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND APPROVINGTHE CONVEYANCE OF THE PHASE 7 LIFT STATION LANDS ANDIMPROVEMENTS TO TOHO; AND AUTHORIZING THE EXECUTION OF ANYDOCUMENTS NECESSARY TO CARRYOUT THE FOREGOING.WHEREAS, the Rolling Oaks Splendid, LLC (the “Developer”) constructed certain lift stationimprovements, including all pipes, valves, fittings, wet well, pumps, electrical panels, fencing and otherequipment as specified on the Construction Plans for Rolling Oaks Phase 7 as prepared by Madden,Moorhead & Stokes, LLC and as approved by TOHO on May 6, 2021 upon certain real property in OsceolaCounty, more particularly described as Tract LS-1, Rolling Oaks Phase 7, according to the plat thereof,recorded in Plat Book 30, Pages 167 through 169, of the Public Records of Osceola County, Florida(collectively, the “Phase 7 Lands and Improvements”);WHEREAS, the Phase 7 Lands and Improvements were part of the public capital improvementproject of the Rolling Oaks Community Development District (the “District”);WHEREAS, pursuant to the agreements between the Developer and the District with respect to theDistrict’s issuance of its special assessment bonds, the District is to acquire the Phase 7 Lands andImprovements and then convey them to the appropriate public entity for ownership and maintenance;WHEREAS, the Tohopekaliga Water Authority, an independent special district established andcreated pursuant to Chapter 189, Florida Statutes, by special act of the Florida Legislature (“Toho”) hasindicated its willingness to accept the ownership and maintenance of the Phase 7 Lands and Improvements;WHEREAS, the District has on file documents and correspondence pertaining to the Phase 7 Landsand Improvements and in reliance upon such information and certification by the District Engineer it hasdetermined that the Phase 7 Lands and Improvements were constructed in compliance with all permits,specifications, and requirements and it is in the District’s best interest to accept the Phase 7 Lands andImprovements from the Developer and then convey such Phase 7 Lands and Improvements to Toho.Now Therefore, Be It Resolved By The Board of Supervisors of the District:Section 1.The District hereby accepts the conveyance from the Developer of the Phase 7 Landsand Improvements.Section 2.The Chair or Vice Chair of the Board is authorized and directed to sign the WarrantyDeed, Affidavit, and Bill of Sale to convey the Phase 7 Lands and Improvements to Toho,subject only to final review and approval by the District's legal counsel.Section 3.The Chair or Vice Chair of the Board, and all officers and staff of the District, areauthorized and directed to take any such action and execute such other documents as may furtherbe required to carry out the intent of the foregoing.Passed and Adopted on , 2022.Attested By:Rolling OaksCommunity Development DistrictSecretary/Assistant SecretaryChair/Vice-Chair of the Board of Supervisors{00108029.DOCX/}
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STRALEY ROBIN VERICKER1510 W. Cleveland StreetTampa, FL 33606Phone: 813-223-9400Website: www.srvlegal.comMEMORANDUMTO:Community Development District ManagersFROM:Straley Robin VerickerRE:2021 Legislative UpdateDATE:September 3, 2021During the 2021 Florida legislative session, our firm monitored several bills that could haveimpacted community development districts (“CDDs”). We have prepared this memorandum to summarizethe bills that passed in the legislative session, were signed by the Governor, and will have the most impacton CDDs. Copies of any bill may be viewed online at the Florida legislature’s website:http://www.leg.state.fl.us.A. Legal NoticesChapter 2021-17, Laws of Florida (CS/HB 35), was signed by the Governor on May 7, 2021, andhas an effective date of January 1, 2022. This bill provides an option for the CDD to publish certain legalnotices on a newspaper’s website in lieu of a paper-based publication. To do this, the CDD must make afinding, in a publicly noticed hearing, that an Internet-based publication is in the public interest and thatresidents have sufficient access to the Internet to review such legal notices. If a CDD decides to publishlegal notices on a newspaper website, the CDD must provide an additional notice at least once per weekin a print edition newspaper of general circulation containing a statement that legal notices pertaining tothe CDD do not all appear in the print edition of the local newspaper and that a full listing may beaccessed on the statewide legal notice website, floridapublicnotices.com.By amending section 50.011, Florida Statutes, the bill also expands the types of publications thatqualify to publish legal notices to allow for legal notices to be published in some smaller publications thatare free to the public.The bill requires the Florida Press Association to ensure that minority populations throughout thestate have equitable access to legal notices that are posted on the statewide website and will require theAssociation to publish a quarterly report containing specific information.Cost savings to the CDD is unknown at this time as we wait to see what advertising in the newformat will cost.B. Public WorksChapter 2021-194, Laws of Florida (CS/CS/CS/HB 53), was signed by the Governor on June 29,2021, and has an effective date of July 1, 2021.{00100953.DOCX/}Page 1 of 2
This bill is a lengthy public works bill that covers procurement and other issues. Of note to theCDD, section 5 creates a new section 403.9302, Florida Statutes, that requires each special districtproviding a stormwater management program (SWMP) or stormwater management system (SWMS) tocreate a 20 year needs analysis. By June 30, 2022, and every five years thereafter, the CDD must providea needs analysis for its jurisdiction over the subsequent 20-year period. In projecting the needs the CDDmust provide to the County in which it is located the following information:- A detailed description of the SWMP or SWMS and its facilities and projects.- The number of current and projected residents served calculated in 5-year increments.- The current and projected service area for the SWMP or SWMS.- The current and projected cost of providing services calculated in 5-year increments.- The estimated remaining useful life of each facility or its major components.- The most recent 5-year history of annual contributions to, expenditures from, and balances ofany capital account for maintenance or expansion of any facility or its major components.- The CDD’s plan to fund the maintenance or expansion of any facility or its major components.Ultimately the counties will compile the data and submit the County’s comprehensive report to theState so this process will require coordination between the district engineers and the counties.C. Special District AccountabilityChapter 2021-226, Laws of Florida (CS/CS/CS/HB 1103), was signed by the Governor on June29, 2021, and has an effective date of October 1, 2021. Of interest to CDDs, this bill amends section218.32(1), Florida Statutes, to require the annual financial report and annual financial audit report of allspecial districts to specify separately the total number of employees and independent contractorscompensated by the CDD, the amount of compensation earned or awarded to employees and independentcontractors, and each construction project with a total cost of at least 65,000 approved by the CDD tobegin on or after October 1 of the fiscal year being reported and the total expenditures for the project.Those CDDs that amend their annual budgets are required to file a budget variance report. The bill alsorequires the annual financial report and annual financial audit report of each independent special districtthat levies ad valorem taxes or non-ad valorem special assessments to include the rate of such levies, thetotal amount collected by the levies, and the total amount of all outstanding bonds issued by the CDD andthe terms of such bonds.D. Civil Liability for Damages related to Covid-19Chapter 2021-1, Laws of Florida (CS/SB 72), was signed by the Governor on March 29, 2021, andhas an effective date of March 29, 2021. The bill creates civil liability protections for governmentalentities and establishes preliminary requirements that a plaintiff must complete before a claim mayproceed. A claim under this act must be brought within one year from the date the cause of action accruesor, if the cause of action accrued before the effective date of this bill, within one year from the effectivedate of the bill.If you have questions about the above-mentioned changes to Florida law, please contact us at yourconvenience.{00100953.DOCX/}Page 2 of 2
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March 16, 2022George S. FlintVice-PresidentGovernmental Management Services - Central Florida, LLC219 East Livingston StreetOrlando, Florida 32801Subject:Proposal to Provide Professional Consulting ServicesRolling Oaks Community Development District (CDD)Dear Mr. Flint:We are pleased to submit this proposal to provide professional consulting services for theproject located at the Rolling Oaks Community Development District (CDD). Our proposal isbased on information that requires special districts that either own or operate stormwatermanagement systems, stormwater management programs, or wastewater services to createa 20-year needs analysis of such systems.Task #104The stormwater management programs, and stormwater management systems analysis willinclude the following:a) A detailed description of the stormwater management program or stormwatermanagement system and its facilities and projects.b) The number of current and projected residents served calculated in 5-year increments.c) The current and projected service area for the stormwater management program orstormwater management system.d) The current and projected cost of providing services calculated in 5-year increments.e) The estimated remaining useful life of each facility or its major components.f) The most recent 5-year history of annual contributions to, expenditures from, andbalances of any capital account for maintenance or expansion of any facility or its majorcomponents.g) The local government’s plan to fund the maintenance or expansion of any facility or itsmajor components. The plan must include historical and estimated future revenues andexpenditures with an evaluation of how the local government expects to close anyprojected funding gap.The fee for this task will be a fixed fee of 9,000, plus other direct costs.12301 Lake Underhill Road, Suite 241, Orlando, FL 32828 Phone: (407) 207-9088 FAX: (407) 207-9089www.dseorl.com
Items not included in the above fee proposal are as follows: landscaping, irrigation, sitelighting, rezoning, land use amendments, PUD modifications, FEMA flood plain evaluations,wetland determinations, endangered species or permitting, Florida Department ofTransportation permits, cultural resource evaluation or signalization permitting, evaluation,design or permitting of offsite structures, traffic studies, traffic signalization design,geotechnical studies, specialty pavement design, permitting fees or other efforts notspecifically addressed by tasks above.Note: Our fees do not include other direct costs, such as printing, permit fees and travel.These costs will be billed at actual cost times a 1.15 multiplier and will be detailed onmonthly invoices.This proposal represents the entire understanding between Rolling Oaks CommunityDevelopment District (CDD) and Dave Schmitt Engineering, Inc. as it relates to the RollingOaks Community Development District (CDD) site. Once accepted, this proposal may onlybe modified in writing with the consensus of both parties. If you wish to accept thisproposal, please sign and return one fully executed copy for our files. Upon receipt, we willpromptly schedule our services.Sincerely,Dave M. Schmitt, P.E.PresidentDave Schmitt Engineering, Inc.APPROVED AND ACCEPTEDBy:Date:George S. FlintVice-PresidentGovernmental Management Services - Central Florida, LLC
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Rolling OaksCommunity Development DistrictSummary of Check RegisterFebruary 1, 2022 to March 17, 2022FundDateCheck No.'sAmount2/4/222/10/222/17/22367-368369-371372 374-375376-377 1,020.5311,205.0012,982.76 122,813.81General FundTotal Amount
AP300RYEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER*** CHECK DATES 02/01/2022 - 03/17/2022 ***ROLLING OAKS GENERAL FUNDBANK A GENERAL FUNDCHECKDATEVEND#2/04/22 00020- - - - - - - 2/04/22 00028- - - - - - - 2/10/22 00001- - - - - - - 2/10/22 00028- - - - - - - 2/10/22 00019- - - - - - - 2/17/22 00013- - - - - - - 2/25/22 00028- - - - - - - -.INVOICE. .EXPENSED TO.DATEINVOICEYRMO DPT ACCT# SUBVENDOR NAMESTATUSRUN3/18/22AMOUNTSUBCLASS11/30/21 731179202111 320-53800-46202REPLACEMENT PALMS NOV 21REW LANDSCAPE- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1/01/22 INV11408 202201 320-53800-46200LANDSCAPE MAINT JAN 22REW LAWN & IRRIGATION- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/01/22 99202202 310-51300-34000MANAGEMENT FEES FEB 222/01/22 99202202 310-51300-35200WEBSITE ADMIN FEB 222/01/22 99202202 310-51300-35100INFORMATION TECH FEB 222/01/22 99202202 310-51300-31300DISSEMINATION SVCS FEB 222/01/22 99202202 310-51300-51000OFFICE SUPPLIES FEB 222/01/22 99202202 310-51300-42000POSTAGE FEB 22GOVERNMENTAL MANAGEMENT SERVICES- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1/31/22 INV11743 202201 320-53800-46201REPAIR BROKEN ZONE LINES1/31/22 INV11752 202201 320-53800-46201REMOVE IRRIGATION PLATE2/01/22 INV11592 202202 320-53800-46200LANDSCAPE MAINT FEB 22REW LAWN & IRRIGATION- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/01/22 PI-A0075 202202 320-53800-47000LAKE/POND MAINT FEB 222/01/22 PI-A0075 202202 320-53800-47000LAKE/POND MAINT FEB 22SOLITUDE LAKE MANAGEMENT- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/16/22 02162022 202202 300-20700-10300TSFER TAX RCPTS S16ROLLING OAKS CDD C/O REGIONS BANK- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2/18/22 INV11882 202202 320-53800-46201REPAIR MAINLINE CRACK2/18/22 INV11883 202202 320-53800-46201REPAIR IRRIGATION POP UPSREW LAWN & IRRIGATION- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ROAK ROLLING OAKSZYAN*PAGE1.CHECK.AMOUNT#5,049.255,049.25 000367- - - - - - - - - - - - - - - - - - - - - *9,005.009,005.00 000368- - - - - - - - - - - - - - - - - - - - - *3,004.17*39.58*66.67*583.33*.15*2.813,696.71 000369- - - - - - - - - - - - - - - - - - - - - *153.95*337.37*9,005.009,496.32 000370- - - - - - - - - - - - - - - - - - - - - *434.97*1,859.762,294.73 000371- - - - - - - - - - - - - - - - - - - - - *68,063.5168,063.51 000372- - - - - - - - - - - - - - - - - - - - - *661.55*358.981,020.53 000373- - - - - - - - - - - - - - - - - - - - - -
AP300RYEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER*** CHECK DATES 02/01/2022 - 03/17/2022 ***ROLLING OAKS GENERAL FUNDBANK A GENERAL FUNDCHECKDATEVEND#3/03/22 00025- - - - - - - 3/03/22 00028- - - - - - - 3/11/22 00001- - - - - - - 3/11/22 00028- - - - - - - -.INVOICE. .EXPENSED TO.DATEINVOICEYRMO DPT ACCT# SUBVENDOR NAMESTATUSRUN3/18/22AMOUNTSUBCLASS1/31/22 28917202201 320-53800-46203LANDSCAPE MAINT JAN 22LAWNMASTERS LANDSCAPING OF ORLANDO- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/01/22 INV11918 202203 320-53800-46200LANDSCAPE MAINT MAR 22REW LAWN & IRRIGATION- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/01/22 100202203 310-51300-34000MANAGEMENT FEE MAR 223/01/22 100202203 310-51300-35200WEBSITE ADMIN MAR 223/01/22 100202203 310-51300-35100INFORMATION TECH MAR 223/01/22 100202203 310-51300-31300DISSEMINATION SVC MAR 223/01/22 100202203 310-51300-51000OFFICE SUPPLLIES MAR 223/01/22 100202203 310-51300-42000POSTAGE MAR 22GOVERNMENTAL MANAGEMENT SERVICES- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3/02/22 INV12011 202202 320-53800-46201IRR ZONE REPAIRS 2/223/08/22 INV12057 202202 320-53800-46202MULCH INSTALLATIONREW LAWN & IRRIGATION- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -ROAK ROLLING OAKS*2.CHECK.AMOUNT#2,200.002,200.00 000374- - - - - - - - - - - - - - - - - - - - - *9,005.009,005.00 000375- - - - - - - - - - - - - - - - - - - - - *3,004.17*39.58*66.67*583.33*.33*24.733,718.81 000376- - - - - - - - - - - - - - - - - - - - - *313.95*8,950.009,263.95 000377- - - - - - - - - - - - - - - - - - - - - -TOTAL FOR BANK A122,813.81TOTAL FOR REGISTER122,813.81ZYANPAGE
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Rolling OaksCommunity Development DistrictUnaudited Financial ReportingFebruary 28, 2022
Table of Contents1Balance Sheet2-3General Fund4Series 2016 Debt Service5Series 2018 Debt Service6Series 2016 Capital Projects7Series 2018 Capital Projects8Month to Month9Assessment Receipt Schedule10Long Term Debt Schedule11Series 2016 Construction Schedule12Series 2018 Construction Schedule
Rolling OaksCommunity Development DistrictCombined Balance SheetFebruary 28, 2022GeneralFundAssets:Cash:Operating Account - SuntrustInvestmentsSeries 2016ReserveRevenueInterestSinking FundConstructionSeries 2018ReserveRevenueInterestConstructionCosts Of IssuanceDue From General Fund Debt ServiceFund142,135 -Capital ProjectsFundTotalsGovernmental Funds - 142,135 - 1,124,765999,44611- 1,330 1,124,765999,446111,330 - 899,87842,739132,160 111- 899,87842,739111132,1603,098,990 1,441 3,242,566Total Assets 142,135 Liabilities:Accounts PayableDue To Debt 11,46432,160 - - 11,46432,160Total Liabilities 43,624 - - 43,624Fund Balances:UnassignedAssigned for Debt Service 2016Assigned for Debt Service 2018Assigned for Capital Projects 2016Assigned for Capital Projects 2018 98,510- 2,156,372942,618- 1,330111 98,5102,156,372942,6181,330111Total Fund Balances 98,510 3,098,990 1,441 3,198,942Total Liabilities & Fund Balance 142,135 3,098,990 1,441 3,242,5661
Rolling OaksCommunity Development DistrictGeneral FundStatement of Revenues, Expenditures, and Changes in Fund BalanceFor The Period Ending February 28, 2022AdoptedProrated BudgetActualBudgetThru 02/28/22Thru 02/28/22VarianceRevenuesAssessments 225,536 205,529 205,529 -Miscellaneous IncomeDeveloper Contributions - 267,801 - 40,843 5,049 5,049 40,843 -Total Revenues 493,337 246,372 251,421 5,049Supervisor FeesFICA Expense 12,000 918 5,000 2,800 2,200 383 214 Engineering 16810,000 4,167 - 4,167AttorneyArbitrage 15,000 6,250 - 6,250 900 900 900 -DisseminationAssessment Administration 7,000 2,917 2,917 0 10,000 10,000 10,000 -Annual Audit 4,000 - - -Trustee Fees 7,000 7,000 7,000 -Management Fees 36,050 15,021 15,021 (0)Information Technology 800 333 333 (0)Website Maintenance 475 198 198 0Telephone 150 63 - 63Postage 800 333 241 92Insurance 6,483 6,483 6,405 78Printing & Binding 800 333 320 13Legal Advertising 2,000 833 - 833Other Current Charges 2,000 833 207 626Office Supplies 125 52 53 (1)Property Appraiser Fee 180 - - -Property Taxes 150 8 8 -Meeting Room 750 313 279 33Dues, Licenses & Subscriptions 175 175 175 -Total General & Administrative: 117,756 61,595 47,072 14,523Expenditures:General & Administrative:2
Rolling OaksCommunity Development DistrictGeneral FundStatement of Revenues, Expenditures, and Changes in Fund BalanceFor The Period Ending February 28, 2022AdoptedProrated BudgetActualBudgetThru 02/28/22Thru 02/28/22VarianceOperations and Maintenance ExpensesField OperationsProperty Insurance - - 7,265 Utility-Electric 110,000 45,833 45,131 702Utility-Water and Sewer 85,000 35,417 20,560 14,856Landscape Maintenance 85,560 35,650 39,400 (3,750)Landscape Enhancements 22,500 22,500 25,999 (3,499)Landscape Irrigation 6,500 2,708 2,803 Lawn Mowing/Trimming 26,400 11,000 6,600 4,400Lake MaintenanceContingency 32,2517,370 13,4383,071 14,314- (876)3,071Total Operations and Maintenance: 375,581 169,617 162,073 7,544Total Expenditures 493,337 231,212 209,145 22,067Excess Revenues (Expenditures) 0 42,276Fund Balance - Beginning - 56,234Fund Balance - Ending 0 98,5103(7,265)(94)
Rolling OaksCommunity Development DistrictDebt Service Fund - Series 2016Statement of Revenues, Expenditures, and Changes in Fund BalanceFor The Period Ending February 28, 2022AdoptedProrated BudgetActualBudgetThru 02/28/22Thru 02/28/22VarianceRevenuesAssessments - Tax Roll 1,014,751 924,734 924,734 -Assessments - Direct 114,750 - - -Interest 500 79 79 -Total Revenues 1,130,001 924,814 924,814 -Interest - 11/01 434,853 434,853 434,853 -Principal - 11/01 255,000 255,000 255,000 -Interest - 05/01 429,116 - - -Total Expenditures 1,118,968 689,853 689,853 -Transfer In/Out - - (57) (57)Total Other Financing Sources (Uses) - - (57) (57)Excess Revenues (Expenditures) 11,033 234,904Fund Balance - Beginning 796,901 1,921,469Fund Balance - Ending 807,934 2,156,372Expenditures:Other Sources/(Uses)4
Rolling OaksCommunity Development DistrictDebt Service Fund - Series 2018Statement of Revenues, Expenditures, and Changes in Fund BalanceFor The Period Ending February 28, 2022AdoptedProrated BudgetActualBudgetThru 02/28/22Thru 02/28/22VarianceRevenuesAssessments - Direct 900,000 - - -Interest 5,000 58 58 -Total Revenues 905,000 58 58 -Interest - 11/01 346,547 346,547 346,547 -Principal - 11/01 205,000 205,000 205,000 -Interest - 05/01 342,063 - - -Total Expenditures 893,609 551,547 551,547 -Transfer in/Out - - (45) (45)Total Other Financing Sources (Uses) - - (45) (45)Excess Revenues (Expenditures) 11,391 Fund Balance - Beginning 594,355 1,494,152Fund Balance - Ending 605,746 942,618Expenditures:Other Sources/(Uses)5(551,534)
Rolling OaksCommunity Development DistrictCapital Projects Fund - Series 2016Statement of Revenues, Expenditures, and Changes in Fund BalanceFor The Period Ending February 28, 2022AdoptedProrated BudgetActualBudgetThru 02/28/22Thru 02/28/22VarianceRevenuesInterest - - 0 0Total Revenues - - 0 0Capital Outlay - - - -Total Expenditures - - - -Transfer In/Out - - 57 57Total Other Financing Sources (Uses) - - 57 57Excess Revenues (Expenditures) - 57Fund Balance - Beginning - 1,273Fund Balance - Ending - 1,330Expenditures:Other Financing Sources/(Uses)6
Rolling OaksCommunity Development DistrictCapital Projects Fund - Series 2018Statement of Revenues, Expenditures, and Changes in Fund BalanceFor The Period Ending February 28, 2022AdoptedProrated BudgetActualBudgetThru 02/28/22Thru 02/28/22VarianceRevenuesInterest - - 85 85Total Revenues - - 85 85Capital Outlay - - 2,281,084 (2,281,084)Total Expenditures - - 2,281,084 (2,281,084)Transfer In/Out - - 45 45Total Other Financing Sources (Uses) - - 45 45Excess Revenues (Expenditures) - (2,280,953)Fund Balance - Beginning - 2,281,065Fund Balance - Ending - 111Expenditures:Other Financing Sources/(Uses)7
Rolling OaksCommunity Development DistrictMonth to nuesAssessments - 33,602 158,692 6,087 7,148 - - - - - - - Miscellaneous Income 5,049 - - - - - - - - - - - 205,5295,049Developer Contributions 31,540 - - 9,303 - - - - - - - - 40,843Total Revenues 36,589 - - 9,303 - - - - - - - - 251,421Supervisor Fees 1,000 800 1,000 - - - - - - - - - 2,800FICA Expense 77 61 77 - - - - - - - - - 214Engineering - - - - - - - - - - - - -Attorney - - - - - - - - - - - - -Arbitrage - 900 - - - - - - - - - - 900Dissemination 583 583 583 583 583 - - - - - - - 2,917Assessment Administration 10,000 - - - - - - - - - - - 10,000Annual Audit - - - - - - - - - - - - -Trustee Fees - 7,000 - - - - - - - - - - 7,000Management Fees 3,004 3,004 3,004 3,004 3,004 - - - - - - - 15,021Information Technology 67 67 67 67 67 - - - - - - - 333Website Maintenance 40 40 40 40 40 - - - - - - - 198Telephone - - - - - - - - - - - - -Postage 6 50 105 78 3 - - - - - - - 241Insurance 6,405 - - - - - - - - - - - 6,405Printing & Binding 115 46 160 - - - - - - - - - 320Legal Advertising - - - - - - - - - - - - -Other Current Charges 45 35 49 39 38 - - - - - - - 207Office Supplies 18 18 18 0 0 - - - - - - - 53Property Appraiser Fee - - - - - - - - - - - - -Property Taxes - 8 - - - - - - - - - - 8Meeting RoomDues, Licenses & Subscriptions 140175 140- - - - - - - - - - - 279175Total General & Administrative: 21,673 12,752 5,101 3,811 3,735 - - - - - - - 47,072Expenditures:General & Administrative:Operations and Maintenance ExpensesField OperationsProperty Insurance 7,265 - - - - - - - - - - - 7,265Utility - Electric 12,390 7,658 7,173 4,518 13,393 - - - - - - - 45,131Utility - Water & Sewer 4,966 5,483 4,337 3,457 2,317 - - - - - - - 20,560Landscape Maintenance 7,130 7,130 7,130 9,005 9,005 - - - - - - - 39,400Landscape Enhancements - 11,424 5,625 - 8,950 - - - - - - - 25,999Landscape Irrigation - 774 203 491 1,334 - - - - - - - 2,803Lawn Mowing/Trimming 2,200 2,200 - 2,200 - - - - - - - - 6,600Lake MaintenanceContingency 4,002- 2,295- 2,295- 3,428- 2,295- - - - - - - - 14,314-Total Operations and Maintenance Expenses 37,954 36,964 26,762 23,098 37,294 - - - - - - - 162,073Total Expenditures 59,627 49,716 31,863 26,909 41,029 - - - - - - - 209,145Excess Revenues (Expenditures) (41,029) - - - - - - - 42,276(23,038) (49,716) (31,863) (17,607) 8
Rolling OaksCOMMUNITY DEVELOPMENT DISTRICTSpecial Assessment ReceiptsFiscal Year 2022Gross AssessmentsNet Assessments 239,932.00225,536.08 1,079,522.62 1,014,751.26 1,319,454.62 1,240,287.3418.18%81.82%100.00%O&M Portion2
November 17, 2021 Rolling Oaks CDD 2 FOURTH ORDER OF BUSINESS Consideration of Resolution 2022-02 Approving Form of Phase 8 Plat Mr. Mossing stated a copy of the resolution and plat was included in your agenda package. Mr. Babbar stated it is the same format that we presented in the past and I ask that the
