Holly Hill Road East Community Development District

Agenda

August 13, 2024

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Holly Hill Road East
Community Development District

August 6, 2024

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

Board of Supervisors Holly Hill Road East
Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of Holly Hill Road East Community Development District will be held Tuesday, August 13, 2024 at 11:00 AM at the Lake Alfred Public Library, 245 N. Seminole Ave, Lake Alfred, FL 33850.

Those members of the public wishing to attend the meeting can do so using the information below:

Zoom  Video  Link:  https://us06web.zoom.us/j/81664804962
Zoom Call-In Information: 1-646-876-9923
Meeting ID: 816 6480 4962

Following is the advance agenda for the meeting:
Roll Call
Public Comment Period
Public Hearing
Public Comment Period
Consideration of Resolution 2024-14 Amending Parking and Towing Policies
Approval of Minutes of the June 11, 2024 Board of Supervisors Meeting
Review and Acceptance of Fiscal Year 2023 Audit Report
Adoption of District Goals and Objectives
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Proposal for Gate Repair
Encroachment Report
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

Sincerely,
Tricia L. Adams
Tricia L. Adams
District Manager

Section III

Section B

RESOLUTION 2024-14
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT ADOPTING AMENDED AND RESTATED RULES RELATING TO OVERNIGHT PARKING AND PARKING ENFORCEMENT; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.
Whereas, the Holly Hill Road East Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within the City of Davenport, Florida; and
Whereas, Chapter 190, Florida Statutes, authorizes the District to adopt resolutions as may be necessary for the conduct of district business; and
Whereas, the Board of Supervisors of the District (“Board”) is authorized by Sections 190.011(5) and 190.035, Florida Statutes, to adopt rules, orders, policies, rates, fees and charges pursuant to Chapter 120, Florida Statutes; and
WHEREAS, the District desires to adopt Amended and Restated Rules Relating to Overnight Parking and Parking Enforcement (“Rules”), attached hereto as Exhibit A and incorporated herein, pursuant to the provisions of Sections 190.011(5) and 190.035 and Chapter 120, Florida Statutes; and
Whereas, the District has properly noticed for rule development and rule making regarding the Rules and a public hearing was held at a meeting of the Board on August 13, 2024; and
Whereas, the Board finds that it is in the best interests of the District to adopt by resolution the Rules for immediate use and application.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT:
Section 1.	The recitals stated above are true and correct and by this reference are incorporated herein.
SECTION 2.	The District hereby adopts the Rules, attached hereto as Exhibit A.
Section 3.	If any provision of this Resolution or the Rules is held to be illegal or invalid, the other provisions shall remain in full force and effect.
Section 4.	This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.
[Continue onto next page]

PASSED AND ADOPTED this 13th day of August 2024.
ATTEST:	HOLLY HILL ROAD EAST
COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors
Exhibit A: Amended and Restated Rules Relating to Overnight Parking and Parking Enforcement

Holly Hill Road East Community Development District
Amended and Restated
Rules Relating to Overnight Parking and Parking Enforcement

In accordance with Chapter 190, Florida Statutes, and on August 13, 2024, at a duly noticed public meeting, the Board of Supervisors of the Holly Hill Road East Community Development District (“District”) adopted the following policy to govern overnight parking and parking enforcement on certain District property (the “Rule or Policy”). This Policy repeals and supersedes all prior rules and/or policies governing the same subject matter.

Section 1. Introduction. The District finds that parked Commercial Vehicles, Vehicles, Vessels and Recreational Vehicles (hereinafter defined) on certain of its property (hereinafter defined) cause hazards and danger to the health, safety and welfare of District residents, paid users and the public. This Policy is intended to provide the District with a means to remove such Commercial Vehicles, Vehicles, Vessels and Recreational Vehicles from areas that are not designated for parking.

Section 2.	Definitions.

Commercial Vehicle. Any mobile item which normally uses wheels, whether motorized or not, that (i) is titled, registered or leased to a company and not an individual person, or (ii) is used for business purposes even if titled, registered or leased to an individual person.

Designated Parking Areas. Areas which have been explicitly approved for parking by the District, including areas indicated by asphalt markings and areas designated on the map attached hereto as Exhibit A and indicated by signage.

Vehicle. Any mobile item which normally uses wheels, whether motorized or not.
Vessel. Every description of watercraft, barge, or airboat used or capable of being used as a means of transportation on water.

Recreational Vehicle. A vehicle designed for recreational use, which includes motor homes, campers and trailers relative to same.
Abandoned/Broken-Down Vehicle. A vehicle that has no license plate, has expired registration, is visibly not operational, or has not moved for a period of seven (7) days.
Parked. A Vehicle, Vessel or Recreational Vehicle left unattended by its owner or user.

Tow-Away Zone. District property in which parking is prohibited and in which the District is authorized to initiate a towing and/or removal action. Any District property not designated as a Designated Parking Area is a Tow-Away Zone.

Overnight. Between the hours of 10:00 p.m. and 6:00 a.m. daily.
SECTION 3. DESIGNATED PARKING AREAS. Parking is permitted only in Designated Parking Areas, as indicated by asphalt markings for parking spaces and as indicated on the map attached hereto as Exhibit A for certain on-street parking areas. On-street parking is expressly prohibited on District roadways except where indicated. Any Vehicle parked on District Property, including District roads, if any, must do so in compliance with all laws, ordinances, and codes, and shall not block access to driveways and property entrances.

SECTION 4.  ESTABLISHMENT OF TOW-AWAY ZONES. All District property which is not explicitly designated for parking shall hereby be established as “Tow-Away Zones” for all Vehicles, including Commercial Vehicles, Vessels, Recreational Vehicles as set forth in Section 5 herein (“Tow-Away Zone”).

Section 5.	Exceptions.

On-Street Parking Exceptions. Commercial Vehicles, Recreational Vehicles, and Vessels are not permitted to be parked on-street Overnight and shall be subject to towing at Owner’s expense.
Abandoned/Broken-Down Vehicles. Abandoned and/or Broken-Down Vehicles are not permitted to be parked on District property at any time and are subject to towing at the Owner’s expense.

PARKING DURING AMENITY HOURS. Vehicles may park in the designated parking areas of amenity facilities depicted in Exhibit A during the open hours of operations of such amenity facilities, including any District-authorized special events occurring outside of regular hours of operation. Parking at the amenity facilities is for District patrons and guests only and is limited while enjoying the amenity facilities. Otherwise, no Overnight parking is permitted at the amenity facilities.
Mailbox Parking. Parking at the mailboxes is limited to fifteen (15) minutes only for the purpose of retrieving mail.
Vendors/Contractors. The District Manager or his/her designee may authorize vendors/consultants in writing to park company vehicles in order to facilitate District business. All vehicles so authorized must be identified by a parking pass issued by the District.

Delivery  Vehicles  and  Governmental  Vehicles. Delivery  vehicles,
including but not limited to, U.S.P.S., U.P.S., Fed Ex, moving company vehicles, and lawn maintenance vendors may park on District property while actively engaged in the operation of such businesses. Vehicles owned and operated by any governmental unit may also park on District property while carrying out official duties.

Section 6.  Towing/Removal Procedures.

Signage and Language Requirements. Notice of the Tow-Away Zones shall be approved by the District’s Board of Supervisors and shall be posted on District property in the manner set forth in Section 715.07, Florida Statutes. Such signage is to be placed in conspicuous locations, in accordance with Section 715.07, Florida Statutes.

Towing/Removal Authority. To effect towing/removal of a Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle, the District Manager or his/her designee must verify that the subject Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle was not authorized to park under this Rule in the Overnight Parking Areas and then must contact a firm authorized by Florida law to tow/remove Commercial Vehicle, Vehicles, Vessels and Recreational Vehicles for the removal of such unauthorized vehicle at the owner’s expense. The Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle shall be towed/removed by the firm in accordance with Florida law, specifically the provisions set forth in Section 715.07, Florida Statutes. Notwithstanding the foregoing, a towing service retained by the District may tow/remove any vehicle parked in a Tow-Away Zone.

Agreement with Authorized Towing Service. The District Manager is
hereby authorized to enter into and maintain an agreement with a firm authorized by Florida law to tow/remove unauthorized vehicles and in accordance with Florida law and with the policies set forth herein.

Section 7.  Parking At Your Own Risk. Vehicles, Vessels or Recreational Vehicles may be parked on District property pursuant to this Rule, provided however that the District assumes no liability for any theft, vandalism and/ or damage that might occur to personal property and/or to such vehicles.

Section 8.  Amendments; Designation of Additional Tow-Away Zones or
Designated Parking Areas. The Board in its sole discretion may amend these Rules Related to Parking and Parking Enforcement from time to time to designate new Tow-Away Zones or Designated Parking Areas as the District acquires additional common areas. Such designations of new Tow-Away Zones and Designated Parking Areas are subject to proper signage and notice prior to enforcement of these rules in such areas.

EXHIBIT A – Designated Parking Areas (highlighted areas)

Effective date: August 13, 2024

EXHIBIT A
Designated Parking Areas

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MINUTES OF MEETING HOLLY HILL ROAD EAST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Holly Hill Road East Community Development District was held on Tuesday, June 11, 2024, at 11:00 a.m. at the Lake Alfred Public Library, 245 N. Seminole Ave, Lake Alfred, Florida and via Zoom.

Present and constituting a quorum were:
Adam Morgan	Chairman
Brent Kewley joined late	Vice Chairman
Rob Bonin	Assistant Secretary
Barry Bichard	Assistant Secretary
Kayla Word by Zoom	Assistant Secretary Also, present were:
Tricia Adams	District Manager, GMS
Grace Kobitter	District Counsel, Kilinski Van Wyk
Rey Malave by Zoom	District Engineer, Dewberry
Chace Arrington by Zoom	District Engineer, Dewberry
Marshall Tindall by Zoom	Field Services Manager, GMS

The following is a summary of the discussions and actions taken at the June 11, 2024 Holly Hill Road East Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order. There were four Board members present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Hearing
Public Comment Period
Ms. Adams asked for a motion to open the public hearing.

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, Opening the Public Hearing, was approved.

Mr. Kewley joined the meeting at this time.

Consideration of Resolution 2024-09 Adopting Fiscal Year 2025 Budget and Relating to the Annual Appropriations
Ms. Adams stated this is the time for the members of the public to make comment regarding the proposed budget for FY2025. The Board previously met and approved a proposed budget and no changes have been made to that budget since that time. On page 11 of the agenda is the proposed Fiscal Year 2025 budget showing the assessments included on the tax roll at $565,628. They are also anticipating intergovernmental revenue from North Boulevard CDD who has amenity reciprocity with Holly Hill Road East CDD and shares the amenity expenses. The total revenue being $733,080. The administration section is the cost to the operate the District in accordance with Florida Statutes. The proposed amount is $142,706. Field expenses proposed amount is
$290,120. The amenity expenses identified at $241,854. There are 628 units. They are all assessed as one equivalent resident unit and the gross amount per unit is $968.48 which is the amount that will be on the property tax bill for operations and maintenance fees in FY2025. Ms. Adams asked for public comment regarding the budget. Hearing none. She asked for a motion to closing the public hearing.

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, Closing the Public Hearing, was approved.

Ms. Adams asked if there is no discussion, is the Board ready to approve Resolution 2024-
09.

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, Resolution 2024-09 Adopting Fiscal Year 2025 Budget and Relating to the Annual Appropriations, was approved.

Consideration of Resolution 2024-10 Imposing Special Assessments and Certifying an Assessment Roll
Ms. Adams stated this resolution authorizes assessment and collection of the operations and maintenance fee in accordance with the adopted budget and also authorizes collection of the debt service fees on the property tax roll. Attached to this resolution will be the budget that the Board just approved as well as the assessment roll.

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, Resolution 2024-10 Imposing Special Assessments and Certifying an Assessment Roll, was approved.

THIRD ORDER OF BUSINESS	Approval of Minutes of the May 14, 2024
Board of Supervisors Meeting
Ms. Adams presented the minutes of the May 14, 2024 Board of Supervisors meeting. She noted the minutes have been reviewed by District Counsel and District Manager. If there are no corrections from the Board members, is there a motion to approve as presented?

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, the Minutes of the May 14, 2024, Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration of Encroachment Removal
at 318 Citrus Isle Loop
Ms. Adams noted the field services staff in the course of inspecting District property discovered an encroachment at 318 Citrus Isle Loop. The District Manager’s office did send a letter to the property owner advising that there was an encroachment. Page 55 of the agenda identifies the location of this which is a side panel on a fence deterring the Districts ability to maintain their property. As a result of the property owner not responding to the letter from the District Manager’s office, the Board authorized a letter from District Counsel that was issued on March 15, 2024. The property has been inspected and the encroachment still exists.
Ms. Kobitter noted the Board has two options, send another letter stating if the encroachment isn’t removed in 14 days, the District will remove the fence that is on District property and the homeowner will be responsible for reimbursing the District for the removal expense. Also letting the homeowner know interfering with District property is a violation of their

amenity privileges that could be suspended. The second would be to file an injunction with the court and have the court order the homeowner to remove the fence.

On MOTION by Mr. Bonin, seconded by Mr. Morgan, with all in favor, the Encroachment Removal at 318 Citrus Isle Loop - Authorized letter demanding removal or CDD will step in to remove and bill the property owner, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-11
Setting a Public Hearing to Update Parking Rules
Ms. Adams noted District roads in the community are owned and maintained by the CDD. The CDD has adopted parking rules that primarily has parking on one side of the roadway. There have been a few issues with parking that need to be addressed. She asked the Board to approve a resolution setting a public hearing for the August hearing date in order to amend and restate the parking rules. There is a working map not yet in final form in the agenda package. Mr. Morgan asked if this amended policy is going on the website before the public hearing for people to review. Ms. Adams noted the agenda will be on the website seven days in advance of the meeting.

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, Resolution 2024-11 Setting a Public Hearing to Amend and Restate Parking Rules August 13, 2024 at 11:00 a.m., was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-12
Setting Landowner’s Election
Ms. Adams stated this is setting a Landowner’s Election for November 12, 2024 at 11 a.m. The landowner’s seat will be seat #3 currently held by Chairman Adam Morgan. This current term expires in November 2024.

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, Resolution 2024-12 Setting Landowners Election for November 12, 2024 at 11:00 a.m., was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-13
Setting Fiscal Year 2025 Meeting Schedule

Ms. Adams proposed that the Board meet at Alfred Public Library at 11 a.m. the second Tuesday of the month.

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, Resolution 2024-13 Setting Fiscal Year 2025 Meeting Schedule, was approved.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Kobitter had nothing to report.

Engineer
Presentation of Annual Stormwater Inspection Report
Presentation of Annual Engineer’s Report
Mr. Malave stated as required by the Master Indenture of the bonds, the Annual Engineer’s Report needs to be prepared by the District Engineer to show that facilities owned by the District are in operating order and the District has set aside dollars sufficient to do operation and maintenance for those facilities. They repair an inspection report mostly of the stormwater system which is where most of the issues are and have provided that to staff. He is looking at where they will do some maintenance. Most of the facilities are in operating condition but need minor maintenance. This is included in the package as well as a final letter provided to the Indenture through the District as the prepared indicating sole which is the next item providing the facilities operation and maintenance has been taken care of and the District has provided funds for O&M of the said facilities. He asked for any questions. Mr. Morgan asked on the outflow structures with sediment buildup, does that fall under field services? Mr. Tindall noted he covered that in the last page of the Field Managers Report.

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, the Annual Stormwater Inspection Report and Annual Engineer’s Report, was approved.

Field Manager’s Report
Mr. Tindall presented the field manager’s report to the Board which can be found on page 81 of the agenda package.

District Manager’s Report
Reminder of Form 1 Filing Requirement Deadline – July 1
Ms. Adams reminded the Board of electronically filing Form 1 by July 1st.

Approval of Check Register
Ms. Adams presented the check register for review from April 1, 2024 through April 30, 2024 totaling $56,169.75. Immediately following the register is a detailed run summary.

On MOTION by Mr. Morgan, seconded by Mr. Bichard, with all in favor, Check Register totaling $56,169.75, was approved.

Balance Sheet & Income Statement
Ms. Adams reviewed the unaudited financials through April 30, 2024 on page 98 of the agenda package. She asked for any questions and noted there is nothing to bring to the Boards attention. Mr. Bichard asked about the wall panel replacement that is referenced. Ms. Adams noted it will occur this current fiscal year so will be a contingency expenditure general repair. There will be offsetting revenue from the insurance provider less the deductible.

NINTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Ms. Adams opened the audience comments for audience members.
Resident Courtney Taylor (204 Citrus Isle Loop) commented on the 318 Citrus Isle Loop that homeowner wouldn’t care if you suspend her pool pass. She has her own pool. The CDD will be eating the cost on that. No parking signs on corners and the map isn’t clear. Parked cars with expired plates or no license plates. Cars parked at pool overnight. Resident suggested looking for a new tow company. Vehicle with trailer parked for days and never been towed. No lights or

coverings over mailboxes, resident asked whose responsibility is that. Mr. Bonin noted that isn’t a requirement by the USPS. People complaining about residents parking up against aprons so they cannot safely pull out or in their driveways. Is there a law pertaining to that? Ms. Adams noted she would talk with the resident offline as they are amending and restating the parking rules and provide guidance on contacting law enforcement.

ELEVENTH ORDER OF BUSINESS	Adjournment

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

Financial Report
September 30, 2023

Holly Hill Road East Community Development District

Holly Hill Road East Community Development District
Table of Contents

Page
Financial Section:
Independent Auditor's Report	1
Management's Discussion and Analysis	3
Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position	7
Statement of Activities	8
Fund Financial Statements:
Balance Sheet - Governmental Funds	9
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds	10
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of
Governmental Funds to the Statement of Activities	11
Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - General Fund	12
Notes to Financial Statements	13
Compliance Section:
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	23
Management Letter	24
Independent Auditor's Report on Compliance with the Requirements
of Section 218.415, Florida Statutes	26

INDEPENDENT AUDITOR'S REPORT

934 North Magnolia Avenue, Suite 100
Orlando, Florida 32803
407‐843‐5406
www.mcdirmitdavis.com

To the Board of Supervisors
Holly Hill Road East Community Development District

Report on the Audit of the Financial Statements Opinions
We have audited the financial statements of the governmental activities, and each major fund of the Holly Hill Road East Community Development District (the “District”), as of and for the year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements present fairly, the respective financial position of the governmental activities, and each major fund of the District as of September 30, 2023, and the respective changes in financial position thereof and the respective budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements
The District's management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for 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.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibility for the Audit of Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgement made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit 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 District’s internal control Accordingly, no such opinion is expressed.

The trusted partner

Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgement, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis starting on page 3, be presented to supplement the basic financial statements. Such information is the responsibility of management and, 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 a report dated June 26, 2024, on our consideration of the District’s internal control over financial reporting and 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 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.

Orlando, Florida June 26, 2024

Our discussion and analysis of the Holly Hill Road East Community Development District (the “District”) financial accomplishments provide an overview of the District’s financial activities for the year ended September 30, 2023. Please read it in conjunction with the District’s Independent Auditor’s Report, financial statements and accompanying notes.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Government Accounting Standards Board Statement (GASB) No. 34, Basic Financial Statements - and Management’s Discussion and Analysis - for State and Local Governments issued June 1999.

Financial Highlights
The liabilities of the District exceeded its assets at September 30, 2023 by $1,582,992 an increase in net position of
$121,974 in comparison with the prior year.
At September 30, 2023, the District’s governmental funds reported fund balances of $1,148,342, an increase of $172,109 in comparison with the prior year.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the Holly Hill Road East Community Development District’s financial statements. The District’s financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements and 3) notes to financial statements.

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 of the District’s assets and liabilities, with the difference between the two 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 special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include general government and physical environment.

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.

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 government’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 individual 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 fund and capital projects fund, which are considered to be 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 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
Statement of Net Position
The District’s net position was $(1,582,992) at September 30, 2023. The following analysis focuses on the net position of the District’s governmental activities.

		2023			2022	
Assets, excluding capital assets	$	1,178,113		$	992,457	
Capital assets, net of depreciation		9,327,254 			9,654,555 	
Total assets		10,505,367 			10,647,012 	
Liabilities, excluding long-term liabilities	254,262		244,272	
Long-term liabilities		11,834,097 			12,107,706 	
Total liabilities		12,088,359 			12,351,978 	
Net Position:
Net investment in capital assets	
(2,506,843)		
(2,453,151)	
Restricted for debt service	629,557		583,952	
Restricted for capital projects	79,568		20,119	
Unrestricted	214,726		144,114	
Total net position	 $	(1,582,992)		 $	(1,704,966)	

Changes to Net Position
The following is a summary of the District’s governmental activities for the year ended September 30, 2023 and 2022.

		2023		2022	
Revenues:			
Program revenues	$	1,431,808	$	1,336,004	
General revenues		38,106 		6,777 	
Total revenues		1,469,914 		1,342,781 	
Expenses:			
General government	106,371	116,935	
Culture and recreation	120,142	104,958	
Physical environment	567,659	524,705	
Interest on long-term debt		553,768 		565,850 	
Total expenses		1,347,940 		1,312,448 	
Change in net position	121,974	30,333	
Net position, beginning of year, as restated		(1,704,966)		(1,735,299)	
Net position, ending	 $	(1,582,992)	 $	(1,704,966)	

As noted above and in the statement of activities, the cost of all governmental activities during the year ended September 30, 2023 was $1,347,940, the majority were physical environment expenses and interest on long-term debt.

Financial Analysis of the Government’s Funds
The District uses fund accounting to ensure and demonstrate compliance with finance related legal requirements. The focus of the District’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the District’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. At September 30, 2023, the District’s governmental funds reported combined ending fund balances of $1,148,342. Of this total, $41,417 is nonspendable, $933,616 is restricted, $39,397 is assigned and the remainder of $133,912 is unassigned.

The fund balance of the general fund increased $70,612. The debt service fund increased $42,048 due to assessments received, and the capital projects fund increased $59,449 due to a transfer from the general fund.
General Fund Budgetary Highlights
An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget to actual comparison for the general fund, including the original budget and final adopted budget, is shown on page 10. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. There were no budget amendments during the year. The legal level of budgetary control is at the fund level.
Capital Asset and Debt Administration
Capital Assets
At September 30, 2023, the District had $9,327,254 invested in land and infrastructure, net of accumulated depreciation. More detailed information about the District’s capital assets is presented in the notes to financial statements.

Capital Debt
At September 30, 2023, the District had $11,680,000 in bonds outstanding, $53,378 of financed purchases outstanding and
$216,690 due to the developer. More detailed information about the District’s capital debt is presented in the notes to financial statements.
Requests for Information
If you have questions about this report or need additional financial information, contact the Holly Hill Road East Community Development District’s Finance Department at 219 E. Livingston Street, Orlando, Florida 32801.

FINANCIAL STATEMENTS

Statement of Net Position
September 30, 2023

Assets
Cash

Governmental
Activities

$	242,965

Accounts receivable	20,709
Prepaid costs	40,257
Deposits	1,160
Restricted Assets:
Temporarily restricted investments	873,022

Capital assets being depreciated, net		9,327,254 	
Total assets	10,505,367	

Liabilities		
Accounts payable and accrued expenses	29,771	
Accrued interest payable	224,491	
Noncurrent Liabilities:		
Due within one year	268,825	
Due in more than one year		11,565,272 	
Total liabilities		12,088,359 	
Net Position
Net investment in capital assets	
(2,506,843)	
Restricted for debt service	629,557	
Restricted for capital projects	79,568	
Unrestricted		214,726 	
Total net position	 $	(1,582,992)	

Capital Assets:

.

Statement of Activities
Year Ended September 30, 2023

Program Revenue
Charges	Grants	Capital Grants

Net (Expense) Revenue and Changes in Net
Position

for	and	and Governmental Functions/Programs	Expenses	Services  Contributions  Contributions	Activities Governmental Activities:
General government	$	106,371	$	76,289	$	-	$	-	$	(30,082)	
Culture and recreation	120,142	159,498	-	-	39,356	
Physical environment	567,659	407,125	-	-	(160,534)	
Interest on long-term debt	553,768	788,896	-	-	235,128	
Total governmental activities	$	1,347,940	$	1,431,808	$	-	$	-	83,868	

General Revenues:
Investment and other income	

	38,106 	
Change in net position	121,974	
Net position, beginning		(1,704,966)	
Net position, ending	 $	(1,582,992)	

Balance Sheet Governmental Funds September 30, 2023

Assets	

General		

Debt Service		

Capital Projects		Total Governmental
Funds	
Cash	$	184,330		$	-		$	58,635		$	242,965	
Investments	-		852,089		20,933		873,022	
Accounts receivable	18,750		1,959		-		20,709	
Prepaid costs	40,257		-		-		40,257	
Deposits		1,160 			- 			- 			1,160 	
Total assets	 $	244,497 		 $	854,048 		 $	79,568 		 $	1,178,113 	
Liabilities and Fund Balances

Accounts payable and accrued expenses	 $	29,771 	 $	- 	 $	- 	 $	29,771 	
Total liabilities		29,771 		- 		- 		29,771 	
Fund Balances:					
Nonspendable	41,417	-	-	41,417	
Debt service	-	854,048	-	854,048	
Capital projects	-	-	79,568	79,568	
Assigned for subsequent years' expenditures	39,397	-	-	39,397	
Unassigned		133,912 		- 		- 		133,912 	
Total fund balances		214,726 		854,048 		79,568 		1,148,342 	
Total liabilities and fund balances	 $	244,497 	 $	854,048 	 $	79,568 		
Amounts reported for governmental activities in the statement of net position are different because:		
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.	
9,327,254	
Liabilities not due and payable from current available resources are not reported in governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide statements.		
Accrued interest payable	(224,491)
Bonds payable	(11,680,000)
Financed purchases payable	(53,378)
Due to developer	(216,690)		
Bond discounts		115,971 		(12,058,588)	
Net position of governmental activities	 $	(1,582,992)	

Liabilities:

Restricted for:

Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Year Ended September 30, 2023

Revenues	

General		

Debt Service		

Capital Projects		Total Governmental
Funds	
Assessment revenue	$	569,580		$	788,896		$	-		$	1,358,476	
Investment and other income	2,914		34,143		1,049		38,106	
Intergovernmental	73,332		-		-		73,332	
Total revenues	645,826		823,039		1,049		1,469,914	
Expenditures
Current:
General government	106,371		-		-		106,371	
Maintenance and operations	274,263		-		-		274,263	
Culture and recreation	86,237		-		-		86,237	
Debt Service:								
Interest	6,954		545,991		-		552,945	
Principal	42,989		235,000		-		277,989	
Total expenditures	516,814		780,991		-		1,297,805	
Excess (deficit) of revenues over expenditures	
129,012		
42,048		
1,049		
172,109	
Other financing sources (uses)								
Transfers in	-		-		58,400		58,400	
Transfers out	(58,400)		-		-		(58,400)	
(uses)	(58,400)		-		58,400		-	

Net change in fund balances	
70,612		
42,048		
59,449		
172,109	
Fund balances, beginning of year	144,114		812,000		20,119		976,233	
Fund balances, end of year	$	214,726		$	854,048		$	79,568		$	1,148,342	

Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Year Ended September 30, 2023

Amounts reported for Governmental Activities in the Statement of Activities are different because:

Net change in fund balances - total governmental funds	$

Depreciation on capital assets is not recognized in the governmental fund statement; however, it is reported as an expense in the statement of activities.
Repayments of long-term liabilities are reported as expenditures in governmental funds, while repayments reduce long-term liabilities in the statement of net position.

172,109

(327,301)

277,989

Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.
Change in accrued interest	3,557
Amortization of bond discount		(4,380)		(823)

Change in net position of governmental activities	 $	121,974 

Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - General Fund
Year Ended September 30, 2023

	

	Budgeted Amounts		

Actual Amounts		Variance with Final Budget
Positive
(Negative)	

Revenues		Original 	Final				
Assessment revenue	$	565,628	$	565,628	$	569,580		$	3,952	
Intergovernmental	73,814	73,814	73,332		(482)	
Miscellaneous		-  	- 		2,914 			2,914 	
Total revenues		639,442 		639,442  	645,826  	6,384 	
Expenditures
Current:			
General government	132,581	132,581	106,371	26,210	
Physical environment	255,483	255,483	274,263	(18,780)	
Culture and recreation Debt Service:
Interest	192,978

-	192,978

-	86,237

6,954	106,741

(6,954)	
Principal		- 		-  	42,989  	(42,989)	
Total expenditures		581,042 		581,042  	516,814  	64,228 	
Excess (Deficit) of Revenues Over
Expenditures		58,400  	58,400  	129,012  	70,612 
Other Financing Sources (Uses)
Transfers in	-	-	-	-
Transfers out		(58,400)		(58,400)		(58,400)		- 	
Total other financing sources (uses)		(58,400)		(58,400)		(58,400)		- 	
Net change in fund balance	-	-	70,612	70,612	
Fund balance, beginning		144,114 		144,114 		144,114 		- 	
Fund balance, ending	 $	144,114   $	144,114   $	214,726   $	70,612 

NOTES TO FINANCIAL STATEMENTS

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reporting Entity
The Holly Hill Road East Community Development District
(the “District”) was established on July 10, 2017 by the City of Davenport, Florida Ordinance No. 2017-814, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides, among other things, the power to manage basic services for community development, the power to borrow money and issue bonds, and the power to levy and collect non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purpose 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 (the “Board”), which is composed of five members. All Supervisors are elected by qualified landowners within the District. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2023, certain board members were affiliated with the Orlando Division Lennar Homes.
The Board has the final responsibility for, among other things:

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 14, 39 and 61. 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.

Government-Wide and Fund Financial Statements
The 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, 2) grants, contributions and investment income that are restricted to meeting the operational or capital requirements of a particular function or segment and 3) operating-type special assessments that are treated as charges for services (including assessments for maintenance and debt service). 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 recognized as revenues as soon as all eligibility requirements imposed by the provider have been met.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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 District 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, including debt service assessments and operation and maintenance assessments, are non-ad valorem assessments imposed on all lands located within the District and benefited by the District’s activities. Operation and maintenance assessments are levied by the District prior to the start of the fiscal year which begins October 1st and ends on September 30th. These assessments are imposed upon all benefited lands located in the District. Debt service special assessments are imposed upon certain lots and lands as described in each resolution imposing the special assessment for each series of bonds issued by the District.

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the District.
The District reports the following major governmental funds:

General Fund - Is the District’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.
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 - 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 District’s policy to use restricted resources first, then unrestricted resources as they are needed.

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance
Restricted Assets
These assets represent cash and investments set aside pursuant to bond covenants.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits.
Investments of the District are reported at fair value and are categorized within the fair value hierarchy established in accordance with GASB Statement No. 72, Fair Value Measurement and Application. The District’s investments consist of investments authorized in accordance with Section 218.415, Florida Statues.

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.
Receivables
All receivables are shown net of an allowance for uncollectibles.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Capital Assets
Capital assets, which include property, plant, equipment and infrastructure assets (e.g., utilities system, stormwater system, landscaping and similar items), are reported in the applicable governmental activities column 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 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 acquisition 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 primary government will be depreciated using the straight-line method over the estimated useful lives when the assets are completed and placed into service. Estimated useful lives for financial reporting purposes are anticipated as follows:

Assets	Years
Infrastructure and other improvements	30
Equipment and furniture	3-5

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.

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 using the straight-line method. Bonds payable are reported net of premiums or discounts.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond 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 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. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2023.
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. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2023.
Net Position Flow Assumption
Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government-wide financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s policy to consider restricted net position to have been depleted before unrestricted net position is applied.

NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Fund Balance Flow Assumption
Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources (total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.

Fund Balance Policies
Fund balance of governmental funds is reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The District itself can establish limitations on the use of resources through either commitment (committed fund balance) or an assignment (assigned fund balance).

The committed fund balance classification includes fund balance amounts that can be used only for the specific purposes determined by a formal action of the government’s highest level of decision-making authority. The Board of Supervisors is the highest level of decision-making authority for the government that can, by adoption of an ordinance or resolution prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance or resolution remains in place until a similar action is taken to remove or revise the limitation.

Amounts in the assigned fund balance classification are intended to be used by the government for specific purposes but do not meet the criteria to be classified as committed. The Board of Supervisors has authorized the District Manager to assign amounts for specific purposes. The Board of Supervisors may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year’s appropriated budget. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed above an additional action is essential to either remove or revise a commitment.
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.

New Accounting Standards
In fiscal year 2023, the District has not implemented any new accounting standards with a material effect on the District’s financial statements.

NOTE 2	STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY

Budgetary Information
The District is required to establish a budgetary system and an approved annual budget for the General Fund. Annual budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America. All annual appropriations lapse at the fiscal year end. The legal level of budgetary control is at the fund level. Any budget amendments that increase the aggregate budgeted appropriations, at the fund level, must be approved by the Board of Supervisors.

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 proposed budgets for the fiscal year commencing the following October 1.
A public hearing is conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
Subject to certain limited exceptions set forth in the District’s appropriation resolutions adopted each year, all budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.

NOTE 3	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 categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset.
Under GASB 72, assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted prices for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable, and uses significant unobservable inputs that uses the best information available under the circumstances, which includes the District’s own data in measuring unobservable inputs.
The District has the following recurring fair value measurements as of September 30, 2023:

Money market mutual funds of $873,022 are valued using Level 2 inputs.

NOTE 3	DEPOSITS AND INVESTMENTS (CONTINUED)

Instead of establishing a written investment policy, the District elected to limit investments to those approved by Florida Statutes and the District Trust Indenture. Authorized District investments include, but are not limited to:
The State Board of Administration Local Government Investment Pool (SBA);
Securities and Exchange Commission Registered Money Market Funds with the highest credit quality rating from a nationally recognized rating agency;
Interest-bearing savings accounts and certificates of deposit in state-certified qualified public depositories;
Direct obligations of the U.S. Treasury.

Investments made by the District at September 30, 2023 are summarized below.

 Investment Type			Fair Value

Credit
	Rating

Weighted Average
	Maturity

First American Money Market Funds	$	873,022	AAAm	15 Days	
Total	 $	873,022 			
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. Investments in U.S. Government securities and agencies must be backed by the full faith and credit of the United States Government. Short term bond funds shall be rated by a nationally recognized ratings agency and shall maintain the highest credit quality rating. Investment ratings by investment type are included in the preceding summary of investments.
Custodial Credit Risk
In the case of deposits, this is the risk that, in the event of a bank failure, the District’s deposits may not be returned to it. The District’s investment policy requires that bank deposits be secured as provided by Chapter 280, Florida Statutes. This law requires local governments to deposit funds only in financial institutions designated as qualified public depositories by the Chief Financial Officer of the State of Florida, and creates the Public Deposits Trust Fund, a multiple financial institution pool with the ability to assess its member financial institutions for collateral shortfalls if a default or insolvency has occurred. At September 30, 2023, all of the District’s bank deposits were in qualified public depositories.
For an investment, this is the risk that, in the event of the failure of the counterparty, the government will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. At September 30, 2023, none of the investments listed are exposed to custodial credit risk because their existence is not evidenced by securities that exist in physical or book entry form.

Concentration of Credit Risk
The District’s investment policy does not specify limits on the amount the District may invest in any one issuer.
Interest Rate Risk
The District’s investment policy does not specifically address interest rate risk; however, the general investment policy is to apply the prudent-person rule: Investments are made as a prudent person would be expected to act, with discretion and intelligence, to seek reasonable income, preserve capital, and in general, avoid speculative investments. The District manages its exposure to declines in fair values by investing primarily in pooled investments that have a weighted average maturity of less than three months.

NOTE 4	CAPITAL ASSETS

Governmental Activities		Beginning Balance		
Additions		
Disposals			Ending Balance	
Capital Assets Being Depreciated: Infrastructure - stormwater management	
$	
6,140,142		
$	-		
$	-		
$	
6,140,142	
Infrastructure - roadway		2,229,262		-		-			2,229,262	
Infrastructure - amenities and parks		1,026,299		-		-			1,026,299	
Infrastructure - entrance features		750,759		-		-			750,759	
Equipment and furniture		191,082  	-  	-  	191,082 
Total capital assets, being depreciated		10,337,544  	-  	-  	10,337,544 

Less Accumulated Depreciation for:		
Infrastructure - stormwater management	(307,008)	(153,504)	-	(460,512)	
Infrastructure - roadway	(111,464)	(55,732)		(167,196)	
Infrastructure - amenities and parks	(68,220)	(34,110)	-	(102,330)	
Infrastructure - entrance features	(100,100)	(50,050)	-	(150,150)	
Equipment and furniture		(96,197)		(33,905)		-  	(130,102)	
Total accumulated depreciation		(682,989)		(327,301)		-  	(1,010,290)	

Total capital assets being depreciated, net	
	9,654,555  	(327,301)	
	-  	9,327,254 	
Governmental activities capital assets, net	 $	9,654,555   $	(327,301)	 $	-   $  9,327,254 	

Depreciation of $293,396 was charged to physical environment expense and $33,905 was charged to culture and recreation expense.

The total project costs of the infrastructure has been estimated at approximately $17.1 million which is expected to be financed with the proceeds from the issuance of Bonds. Any additional costs will be funded by additional bond issuances or the Developer. The infrastructure will include potable water and wastewater systems, storm water drainage system improvements, offsite road improvements and amenities. Upon completion certain assets will be conveyed to other entities for ownership and/or maintenance.

NOTE 5	LONG TERM LIABILITIES
Series 2017 Bonds - Public Offering
On November 9, 2017, the District issued $4,160,000 of Special Assessment Revenue Bonds, Series 2017 consisting of $370,000 Term Bonds due May 1, 2023 with a fixed interest rate of 3.5%, $455,000 Term Bonds dues May 1, 2028 with a fixed interest rate of 4.125%, $1,270,000 Term Bonds due May 1, 2038 with an interest rate of 4.7%, and $2,065,000 Term Bonds due May 1, 2048 with a fixed interest rate of 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 Series 2017 Bonds is to be paid serially commencing May 1, 2019 through May 1, 2048. The Series 2017 Bonds are subject to optional redemption beginning May 1, 2018 and to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occur as outlined in the Bond Indenture.
As of September 30, 2023, the total principal and interest remaining on the 2017 Bonds amounts to $5,698,758. For the year ended September 30, 2023, principal and interest paid was $227,353 and total special assessment revenue pledged was $231,326.

NOTE 5	LONG TERM LIABILITIES (CONTINUED)

Series 2018 Bonds - Public Offering
On October 19, 2018, the District issued $2,800,000 of Special Assessments Bonds, Series 2018 consisting of $245,000 Term Bonds due May 1, 2024 with a fixed interest rate of 4.25%, $895,000 Term Bonds due May 1, 2036 with a fixed interest rate of 5%, and
$1,660,000 Term Bonds due May 1, 2048 with a fixed interest rate of 5.25%. The Bonds were issued to provide funding to pay a portion of the costs of the planning, financing, acquisition, construction, equipping and installation of the Series 2018 project. Interest is to be paid semiannually on each May and November 1, commencing on May 1, 2019. Principal on the Bonds is to be paid serially commencing May 1, 2019 through May 1, 2048. The Series 2018 Bonds may, at the option of the District, be called for redemption prior to maturity as discussed in the Bond Indenture. The Bonds are subject to optional and extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occur as outlined in the Bond Indenture.

As of September 30, 2023, total principal and interest remaining on the 2018 Bonds amounts to $3,059,716. For the year ended September 30, 2023, principal and interest paid was $128,538 and total special assessment revenue pledged was $124,804.

Series 2020 Area 3 Bonds - Public Offering
On June 1, 2020, the District issued $3,660,000 of Special Assessments Bonds, Series 2020 Area 3 consisting of $320,000 Term Bonds due November 1, 2025 with a fixed interest rate of 4.00%, $480,000 Term Bonds due November 1, 2031 with a fixed interest rate of 4.50%, $1,185,000 Term Bonds due November 1, 2041 with a fixed interest rate of 5.00% and $1,675,000 Term Bonds due November 1, 2050 with a fixed interest rate of 5.00%. The Bonds were issued to provide funding to pay a portion of the costs of the planning, financing, acquisition, construction, equipping and installation of the Assessment Area 3 Project. Interest is to be paid semiannually on each May and November 1, commencing on November 1, 2020. Principal on the Bonds is to be paid serially commencing November 1, 2021, until maturity or prior redemption. The Series 2020 Area 3 Bonds may, at the option of the District, be called for redemption prior to maturity as discussed in the Bond Indenture. The Bonds are subject to optional and extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occur as outlined in the Bond Indenture.

As of September 30, 2023, total principal and interest remaining on the 2020 Area 3 Bonds amounts to $6,533,226. Principal and interest paid was $233,800 for the year ended September 30, 2023, and special assessment revenue pledged was $240,030.

Series 2020 Area 4 Bonds - Public Offering
On August 1, 2020, the District issued $3,325,000 of Special Assessments Bonds, Series 2020 Area 4 consisting of $260,000 Term Bonds due May 1, 2025 with a fixed interest rate of 3.00%, $460,000 Term Bonds due May 1, 2031 with a fixed interest rate of 3.50%,
$920,000 Term Bonds due May 1, 2040 with a fixed interest rate of 4.00% and $1,685,000 Term Bonds due May 1, 2051 with a fixed interest rate of 4.00%. The Bonds were issued to provide funding to pay a portion of the costs of the planning, financing, acquisition, construction, equipping and installation of the Assessment Area 4 Project. Interest is to be paid semiannually on each May and November 1, commencing on November 1, 2020. Principal on the Bonds is to be paid serially commencing May 1, 2022, until maturity or prior redemption. The Series 2020 Area 4 Bonds may, at the option of the District, be called for redemption prior to maturity as discussed in the Bond Indenture. The Bonds are subject to optional and extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occur as outlined in the Bond Indenture.
As of September 30, 2023, total principal and interest remaining on the 2020 Area 4 Bonds amounts to $5,362,025. Principal and interest paid was $191,300 for the year ended September 30, 2023, and special assessment revenue pledged was $192,736.

The Bond Indentures have certain restrictions and requirements relating principally to the use of proceeds to pay for infrastructure improvement and procedure to be following by the District on assessments to property owners. The District agreed to levy special assessments in the annual amounts adequate to provide payment of debt service and to meet the debt service reserve requirement. The District is in compliance with the requirements of the Bond Indentures.

The Bond Indentures requires that the District maintain adequate funds in the reserve account to meet the debt service reserve requirement as defined in the Indenture. The requirements have been met for the fiscal year ended September 30, 2023.

NOTE 5	LONG TERM LIABILITIES (CONTINUED)

At September 30, 2023, the scheduled debt service requirements on the bonds payable were as follows:

Governmental Activities
 Year Ending September 30,			Principal		Interest	
2024	$	235,000	$	537,478	
2025	245,000	528,571	
2026	260,000	518,946	
2027	260,000	508,241	
2028	275,000	497,249	
2029-2033	1,580,000	2,294,995	
2034-2038	1,980,000	1,897,594	
2039-2043	2,500,000	1,381,013	
2044-2048	3,165,000	716,863	
2049-2051	1,180,000	92,775	
 $ 11,680,000   $	8,973,725 

Financed Purchases
The District has entered into multiple agreements for financing the acquisition of playground equipment. Payments are due monthly. Total principal and interest remaining on the loans was $57,571.

Principal and interest requirements to maturity are as follows:

	Governmental Activities	
Year Ending September 30,	Principal	Interest

2024

$	33,825	$

3,100

2025	15,480	1,037
2026		4,073  	56 
 $	53,378   $	4,193 

NOTE 5	LONG TERM LIABILITIES (CONTINUED)

Long-term debt activity for the year ended September 30, 2023 was as follows:

Beginning

Ending

Due Within

	Balance	  Increases	  Decreases  	Balance	   One Year	
Governmental activities		
Due to developer	$	216,690	$	-	$	-	$	216,690	$	-	
Bonds Payable:						
Series 2017	3,320,000	-	(70,000)	3,250,000	70,000	
Bond discount	(11,349)	-	447	(10,902)	-	
Series 2018	1,730,000	-	(40,000)	1,690,000	35,000	
Series 2020 Area 3	3,600,000	-	(60,000)	3,540,000	65,000	
Bond discount	(81,768)	-	2,955	(78,813)	-	
Series 2020 Area 4	3,265,000	-	(65,000)	3,200,000	65,000	
Bond discount	(27,234)	-	978	(26,256)	-	
Financed Purchases		96,367 	 			(42,989)		53,378 		33,825 	

Governmental activity long-term liabilities

 $ 12,107,706   $	-   $	(273,609)

 $ 11,834,097   $	268,825 

NOTE 6	DEVELOPER AND MAJOR LANDOWNER TRANSACTIONS

A significant portion of the District’s activity is dependent upon the continued involvement of the District Developers, the loss of which could have a material adverse effect on the District’s operations.

The due to developer amount on the Statement of net position totaling $216,690 is related to long-term developer advances to fund the construction of infrastructure in the anticipation of additional bond issuances. In the current year, the District did not make any repayments to the Developer.
Additionally, two major landowners paid assessments of $314,107, which is 23% of total assessment revenue.

NOTE 7	MANAGEMENT COMPANY
The District has contracted with a management company to perform management services, which include financial and accounting services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreements, the District compensates the management company for management, accounting, financial reporting and other administrative costs.

NOTE 8	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. These risks are covered by commercial insurance from independent third parties. The District did not file any claims under this commercial coverage during the last three years.

COMPLIANCE SECTION

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
Holly Hill Road East Community Development District

We have audited, 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, the financial statements of the governmental activities and each major fund of the Holly Hill Road East Community Development District (the “District”) as of and for the year ended September 30, 2023 and the related notes to the financial statements, which collectively comprise the District’s financial statements and have issued our report thereon dated June 26, 2024.

Report on 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) as a basis for designing procedures that are appropriate in the circumstances for the purpose of expressing 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 a material weakness or significant deficiency. 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.

Report on 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, noncompliance with which could have a direct and material effect on the financial statements. 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.
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.

Orlando, Florida June 26, 2024

MANAGEMENT LETTER

Board of Supervisors
Holly Hill Road East Community Development District

Report on the Financial Statements
We have audited the financial statements of Holly Hill Road East Community Development District, (the “District”) as of and for the fiscal year ended September 30, 2023, and have issued our report thereon dated June 26, 2024.
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 Auditor General.

Other Reporting Requirements
We have issued our 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 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 June 26, 2024, should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, require that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no such findings and recommendations made in the preceding financial audit report.

Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. This information has been disclosed in the notes to the financial statements.

Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.

Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management’s responsibility to monitor the District’s 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.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Specific Information (Unaudited)
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the District reported:
The total number of District employees compensated in the last pay period of the District’s fiscal year as 0.
The total number of independent contractors to whom nonemployee compensation was paid in the last month of the District’s fiscal year as 13.
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency as 0.
All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $516,345.

The District did not have any construction project with a total cost of at least $65,000 approved by the District that is scheduled to begin on or after October 1 of the fiscal year being reported, together with the total expenditures for such project.
A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the District amends a final budget under Section 189.016(6), Florida Statutes, as included in the general fund budget statement.
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7, Rules of the Auditor General, the District reported:
The rate or rates of non-ad valorem special assessments imposed by the District as: General Fund- $968.48; Debit Service- $1,210.85- $1,449.34.
The total amount of special assessments collected by or on behalf of the District as $1,358,476.
The total amount of outstanding bonds issued by the District and the terms of such bonds as disclosed in the notes.

Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate 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. In connection with our audit, we did not note any such findings.
Purpose of this Letter
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, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Orlando, Florida June 26, 2024

934 North Magnolia Avenue, Suite 100
Orlando, Florida 32803
407‐843‐5406
www.mcdirmitdavis.com

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES

Board of Supervisors
Holly Hill Road East Community Development District

We have examined Holly Hill Road East Community Development District’s (the “District”) compliance with the requirements of Section 218.415, Florida Statutes, during the year ended September 30, 2023. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on the 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 and the standards applicable to attestation engagements contained in Government Auditing Standards issued by the Comptroller General of the United States and, accordingly, included examining, on a test basis, evidence about the District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides 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 year ended September 30, 2023.

Orlando, Florida June 26, 2024

The trusted partner

Section VI

Memorandum
To: Board of Supervisors From: District Management Date: August 13, 2024
RE:	HB7013 – Special Districts Performance Measures and Standards

To enhance accountability and transparency, new regulations were established for all
special districts, by the Florida Legislature, during their 2024 legislative session. Starting on October 1, 2024, or by the end of the first full fiscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2025), each special district is required to publish an annual
report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved.
District Management has identified the following key categories to focus on for Fiscal Year 2025 and develop statutorily compliant goals for each:
Community Communication and Engagement
Infrastructure and Facilities Maintenance
Financial Transparency and Accountability
Additionally, special districts must provide an annual reporting form to share with the public that reflects whether the goals & objectives were met for the year. District
Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting.
The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District.

Exhibit A:
Goals, Objectives and Annual Reporting Form

Holly Hill Road East Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2024 – September 30, 2025

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of three board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of meetings in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised per Florida statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐

 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per
District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by field manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and final budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and final budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current fiscal year budget with any amendments, and most recent financials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and financials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended fiscal year budget, and most recent agenda package with updated financials.
Achieved: Yes ☐ No ☐

Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent financial audit per statutory
requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing firm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Holly Hill Road East Community Development District

District Manager:		Date:	 Print Name:	 
Holly Hill Road East Community Development District

Section VII

Section C

1

Holly Hill Road East CDD
Field Management Report

August 13, 2024 Marshall Tindall
Field Services Manager
GMS

Holly Hill Road East CDD Field Management Report | GMS 2024

orm

HurriCcaonmepRleeteviews

Amenity Review

Amenity has been well maintained.
Minor perimeter fence repairs.
Monthly playgrounds reviewed. No notable issues found. Minor cleaning planned and border straightening. Facilities reviewed following storm: Minor trash and debris.
Facilities otherwise appear to be in good shape.

2

Holly Hill Road East CDD Field Management Report | GMS 2024

Complete

Landscape Review

Overall maintenance has been acceptable.
Steady rains have helped unirrigated Bahia rebound with a vengeance.
Northeast slope string trimming has required an accelerated service schedule this last month.

3

Holly Hill Road East CDD Field Management Report | GMS 2024

InCPomropglreetses

Site Items

Coordinating with vendor on approved proposal. Police investigation continued with leads, but no additional information has come to light.

Emergency wall and slope repair were completed behind 137 Bergamot. No clear source of water was found during investigation.
Repair is being monitored.
Missing street blade ordered. Tightening of nearby loose street sign blades.

4

Holly Hill Road East CDD Field Management Report | GMS 2024

In Progress

Wall Repair – Citrus Landing

Vendor has had some delays. Wall repair delayed to week of 8/5/2024.

Stormwater

Continuing to monitor storm system along with previous repairs to ensure they are holding through the
season.

5

Holly Hill Road East CDD Field Management Report | GMS 2024

6

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-346-2453, or by email at mtindall@gmscfl.com. Thank you.

Respectfully, Marshall Tindall

Holly Hill Road East CDD Field Management Report | GMS 2024

Section 1

	JIM WILLIAMS FENCE COMPANY, INC.	
ESTABLISHED 1959
934 East Rose Street, Lakeland, FL 33801

PROPOSAL
For: Govero /. A44""JemMf $erv,ca;

1

Address: -----------

Mobile Phone: 4o7- 5'1& -ZL/$		Date  .. , ....,,_/4_ZL/_.		_ Home Phone: 	 Work: 		 _

		Subdivision: -- ---.,.- -- Fax: 	_

E-mail: tt1kn ,, @a,v,g,+/. (0 ,-,1
FENCE SPECIF! ATIONS - PVC

Install	Height
;,;/,4	Q	
Fen e color:	T,4-)j
Pickets:	"¾>' xto''
Picket gap:	AJ/A- Picket top: 41/A Horizontal fram rails: AJ/A	'

Job Address: 1-l'f5	/t}Jf /1,-/1 R.J.	ba.V&t <
Survey stakes visible D 		Survey provided D Will Send D

Ex,isting Fence	-x x x x x	1New Fynce

* 10'.  J:?il.
3

.l t.e _ 1 _s;k.

--- I	"+--
,'.. 

I

i

_

l
_

. 

--- .L.-----·-·-r---_..,	·-----

·r

-

---·---

!	I

....	·-:	-:-

l

•

I

--·.aI ----• --·----

--

Post size: f>,iJ,y		Post length: Posts have	" wall thickness Post cap style:
All posts set	on center in concrete Gate posts have aluminum H-beam inserts

Gate latch ;:e: '&Jadt.. SJdn/e9,. 5f	
Gate hinge_ _pe: 8}atl_ 5/.ei,'n .s	srfu/
Standard close	Self-close
Gate frames: Inkr-11rJ	LJeJJ«/ 4/wn, u.rvJ
	width height	swing

--	I

-- 5' x •@	out''h DSL

--	--

X--	-1Il --o-ut --

----x--

m	out

--	--	--	------
Fence is approx.	0-1.  "off of ground.

Fence I Grade Elevations A  B  C  D  (circle one)
Customer Initials

(See back of contract for examples)

Above fence layout accepted by
iji.DIRT	□ASPHALT	□CONCRETE
OPTIONS: 	 _

TERMS: 1Jpot'\	Cc."f l.e./,'o"'
(*) All contracts are plus permit fees, if required.	Tax if applicable	$ _-_--,'""'""""	_

_ 	

	 (*) Total Contract	$ _1 189'-'---0 0

	 Approximate completion date 	_
Accepted	 Date 	 The undersigned agrees to terms on back of contract.
Lakeland 863-688-1194 / Fax 863-683-6402	I fifll##tM j
Serving Central Florida Since 1959 • Certified Drug-Free Workplace	'/FENCE CO.
TIDS PROPOSAL MAY BE WITHDRAWN IF NOT ACCEPTED WITIDN 30 DAYS.
PROPOSAL I

ADDITIONAL TERMS: Jim Williams Fence Company, Inc. ("Contractor") is not responsible or liable for any injury or damage resulting from use or misuse including, but not limited to climbing, scaling or under-passage of any fence, gate or other improvement installed by it on the premises of Owner. Location of all work and im­ provements on the property, location or damage to any underground pipes, cables or wires and compliance with anv applicable deed restriction or protective covenants is the responsibilitv of Owner.

Unless specifically stated otherwise, this quotation does not include grading, trimming, clearing of vegetation or debris. All fence lines to be cleared by owner unless otherwise specified.

Damage done to any improvements or work performed by Contractor by any Act of God, excessive wind, haz­ ardous materials or chemicals, standing water, flooding or fires are not warranted by Contractor.

This proposal becomes a contract when accepted by Owner. Canceled contracts are subject to a 20% cancellation fee. Unless otherwise stated herein, the sums due hereunder shall be due and payable upon completion of the work. All sums not paid within terms listed are subject to interest charges of 1.5% a month from the completion date of the work. In the event contractor must employ an attorney to collect any sums due hereunder or enforce any of the terms of this contract, Owner agrees to pay any attorney's fee and costs incuned by Contractor.

THIS PROPOSAL MAY BE WITHDRAWN IF NOT ACCEPTED WITHIN 30 DAYS.

A	Straight fence top, sloping terrain

Fence following grade, roliing terrain		

Level fence top, rolling/uneven terrain		

Level fence top, sloping terrain		

Section 2

Holly Hill Road East Community Development District Encroachment Report

Address	Encroachment Status	
318 Citrus Isle
Loop	No action	
322 Citrus Isle
Loop	Plants in CDD tract	
310 Citrus Isle
Loop	Will investigate fence encroachments; pending fence removal impeding
access owned by 318 Citrus Isle Loop and installed in Tract E	
314 Citrus Isle
Loop	Will investigate fence encroachments; pending fence removal impeding
access owned by 318 Citrus Isle Loop and installed in Tract E	

Section D

Section 1

Holly Hill Road East Community Development District

Summary of Check Register

June 21, 2024 to August 1, 2024

Fund	Date	Check No.'s	Amount

General Fund		
	6/25/24	83-85	$	7,195.60	
	6/27/24	86	$	138.29	
	7/18/24	87-88	$	4,893.76	
	7/26/24	89-97	$	27,545.30	

Total Amount	$	39,772.95

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/07/24	PAGE	1
*** CHECK DATES 06/21/2024 - 08/01/2024 ***	HOLLY HILL ROAD E-GENERAL FUND
BANK C GENERAL FUND #4340
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/25/24 00058	6/16/24 9586	202405 310-51300-31500	*	3,392.35
ATTORNEY SVCS-MAY24
KILINSKI VAN WYK, PLLC	3,392.35 000083
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/25/24 00021	6/07/24 26136300 202406 330-53800-48000	*	64.99
PEST CONTROL-JUN24
ORKIN	64.99 000084
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/25/24 00029	6/21/24 06212024 202406 300-20700-10000	*	1,096.16
ASSESSMENT TSFR-S2017
6/21/24 06212024 202406 300-20700-10000	*	591.37
ASSESSMENT TSFR-S2018
6/21/24 06212024 202406 300-20700-10000	*	1,137.42
ASSESSMENT TSFR-S2020 A3
6/21/24 06212024 202406 300-20700-10000	*	913.31
ASSESSMENT TSFR-S2020 A4
HOLLY HILL ROAD EAST C/O USBANK	3,738.26 000085
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/27/24 00063 11/09/23 2361562	202310 310-51300-31100	*	138.29
ENGINEERING SVCS-OCT23
DEWBERRY ENGINEERS INC.	138.29 000086
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/24 00063	6/28/24 22412698 202405 310-51300-31100	*	172.50
ENGINEERING SVCS-MAY24
DEWBERRY ENGINEERS INC.	172.50 000087
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/24 00001	7/01/24 200	202407 310-51300-34000	*	3,343.67

	*							100.00		
	*							150.00		
	*							583.33		
	*							500.00		
	*							.60		
	*							43.66		
MANAGEMENT SERVICES-CF
- - - - - - - - - - - -	
-	
- -	
-	
-	
-	
-	
-	
-	
- - - -	4,721.26
- - - - -	000088
- - -	
		*							730.00			

	7/01/24	
	7/01/24	
	7/01/24	
	7/01/24	
	7/01/24	
	7/01/24	

MANAGEMENT FEES - JULY24
200	202407 310-51300-35200
WEBITE ADMIN. - JULY24
200	202407 310-51300-35100
INFORMATION TECH - JULY24
200	202407 310-51300-31300
DISEMINATION SRV. - JUL24
200	202407 330-57200-12000
AMENITY ACCESS - JULY24
200	202407 310-51300-51000
OFFICE SUPPLIES
200	202407 310-51300-42000
POSTAGE
GOVERNMENTAL
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/26/24 00041	6/30/24 12630	202406 330-53800-48600
CLEANING SVCS-JUN24
CLEAN STAR SERVICES OF CENTRAL FL	730.00 000089
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
HHRD HOLLY HILL CDD KCOSTA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/07/24	PAGE	2
*** CHECK DATES 06/21/2024 - 08/01/2024 ***	HOLLY HILL ROAD E-GENERAL FUND
BANK C GENERAL FUND #4340
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/26/24 00065	7/15/24 108790	202406 330-53800-48800	*	225.00
SRVCE CALL & ACCESS CAM.
CURRENT DEMANDS ELECTRICAL &	225.00 000090
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/26/24 00001	7/01/24 201	202407 320-53800-12000	*	1,391.25
FIELD MANAGEMENT - JULY24
GOVERNMENTAL MANAGEMENT SERVICES-CF	1,391.25 000091
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/26/24 00058	7/16/24 9768	202406 310-51300-31500	*	3,843.68
DISTRICT COUNSEL	06/2024
KILINSKI VAN WYK, PLLC	3,843.68 000092
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/26/24 00057	7/08/24 58540	202407 310-51300-32200	*	4,100.00
AUDIT FY2023
MCDIRMIT DAVIS & COMPANY	4,100.00 000093
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/26/24 00021	7/02/24 26276258 202407 330-53800-48000	*	64.99
PEST CONTROL - JUL2024
ORKIN	64.99 000094
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/26/24 00025	6/26/24 13046	202406 320-53800-47300	*	168.53
REPAIRED & REPLCED NOZZLE
7/01/24 13221	202407 330-53800-48200	*	1,549.00
AMENITY LANDSCAPING-07/24
7/01/24 13221	202407 320-53800-46200	*	11,082.75
FIELD MAINTENANCE-07/24
7/11/24 13376	202407 320-53800-47300	*	96.21
IRRIGATION REPAIR - 07/24
PRINCE & SONS INC.	12,896.49 000095
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/26/24 00050	7/01/24 23385	202407 330-53800-48100	*	1,880.00
POOL MAINTENANCE-JLY24
RESORT POOL SERVICES	1,880.00 000096
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/26/24 00068	6/30/24 11789473 202406 330-53800-12200	*	2,413.89
SECURITY SVCS - JUN2024
SECURITAS SECURITY SERVICES USA	2,413.89 000097
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK C	39,772.95
TOTAL FOR REGISTER	39,772.95

HHRD HOLLY HILL CDD KCOSTA

Section 2

Holly Hill Road East
Community Development District

Unaudited Financial Reporting
June 30, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund 	

4	
	Series 2017 Debt Service Fund	

5	
	Series 2018 Debt Service Fund	

6	
	Series 2020A3 Debt Service Fund	

7	
	Series 2020A4 Debt Service Fund	

8	
	Combined Capital Project Funds	

9	
	Capital Reserve Fund	

10-11	
	Month to Month	

12-13	
	Long Term Debt Report	

14	
	Assessment Receipt Schedule	

Holly Hill Road East
Community Development District Combined Balance Sheet
June 30, 2024

	General Fund	Debt Service Fund	Capital Projects Fund	Capital Reserve Fund	Totals Governmental Funds	
Assets:
Cash:
Operating Account	

$	468,216	

$	-	$	

-	$	

-	

$	468,216	
Money Market Account Investments:
Series 2017	$	-	$	-	$	-	$	60,567	$	60,567	
Reserve	$	-	$	113,777	$	-	$	-	$	113,777	
Revenue	$	-	$	153,317	$	-	$	-	$	153,317	
Prepayment	$	-	$	716	$	-	$	-	$	716	
Redemption Series 2018
Reserve	$

$	-	$	197

-	$	61,656	$

$	$

$	-	$	197

-	$	61,656	
Revenue	$	-	$	82,533	$	-	$	-	$	82,533	
Prepayment	$	-	$	264	$	-	$	-	$	264	
Construction	$	-	$	-	$		55	$	-	$	55	
Reserve	$	-	$	120,620	$	-		$	-	$	120,620	
Revenue	$	-	$	181,036	$	-		$	-	$	181,036	
Construction	$	-	$	-	$	0	$	-	$	0	
Cost of Issuance	$	-	$	-	$	0	$	-	$	0	
Project Rating Agency	$	-	$	-	$	21,665	$	-	$	21,665	
Series 2020 A4 Reserve	
$	-	$	95,700	$	
-	$	
-	$	95,700	
Revenue	$	-	$	86,729	$	-	$	-	$	86,729	
Construction	$	-	$	-	$	0	$	-	$	0	
Deposits	$	1,160	$	-	$	-	$	-	$	1,160	
Due from General Fund	$	-	$	5,419	$	-	$	-	$	5,419	
Prepaid Expenses	$	1,293	$	-	$	-	$	-	$	1,293	
Total Assets	$	470,669	$	901,964	$	21,720	$	60,567	$	1,454,919	
Liabilities: Accounts Payable Due to Debt Service	

$	10,861
$	5,419	

$	-
$	-	

$	-
$	-	

$	-
$	-	

$	10,861
$	5,419	
Total Liabilites	$	16,280	$	-	$	-	$	-	$	16,280	
Fund Balance:
Nonspendable:
Deposits & Prepaid Items	

$	2,453	

$	-	$	

-	

$	

-	

$	2,453	
Restricted for:							
Debt Service - Series 2017	$	-	$	269,596	$	-	$	-	$	269,596	
Debt Service - Series 2018	$	-	$	145,310	$	-	$	-	$	145,310	
Debt Service - Series 2020 A3	$	-	$	303,304	$	-	$	-	$	303,304	
Debt Service - Series 2020 A4	$	-	$	183,753	$	-	$	-	$	183,753	
Capital Projects	$	-	$	-	$	21,720	$	-	$	21,720	
Unassigned	$	451,936	$	-	$	-	$	60,567	$	512,502	
Total Fund Balances	$	454,389	$	901,964	$	21,720	$	60,567	$	1,438,639	
						
Total Liabilities & Fund Balance	$	470,669	$	901,964	$	21,720	$	60,567	$	1,454,919	

Series 2020 A3

Revenues:		
Assessments - Tax Roll	$	565,628	$	565,628	$	568,420	$	2,792	
Inta-Governmental Revenue	$	87,366	$	87,366	$	87,366	$	-	
Other Income	$	-	$	-	$	600	$	600	
Total Revenues	$	652,994	$	652,994	$	656,386	$	3,392	

Expenditures:					
General & Administrative
Supervisor Fees	

$	12,000	

$	9,000	

$	6,080	

$	2,921	
Engineering Fees	$	10,000	$	7,500	$	4,903	$	2,597	
Legal Services	$	25,000	$	18,750	$	18,143	$	607	
Arbitrage	$	1,800	$	1,800	$	900	$	900	
Dissemination	$	7,200	$	7,200	$	5,250	$	1,950	
Assessment Administration	$	5,300	$	5,300	$	5,300	$	-	
Annual Audit	$	4,100	$	4,100	$	-	$	4,100	
Trustee Fees	$	15,839	$	15,839	$	13,536	$	2,303	
Management Fees	$	40,124	$	30,093	$	30,093	$	-	
Information Technology	$	1,800	$	1,350	$	1,350	$	-	
Website Maintenance	$	1,200	$	900	$	900	$	-	
Telephone	$	100	$	75	$	-	$	75	
Postage & Delivery	$	750	$	563	$	429	$	133	
Copies	$	1,000	$	750	$	0	$	750	
Office Supplies	$	200	$	150	$	5	$	145	
Insurance	$	6,586	$	6,586	$	6,197	$	389	
Legal Advertising	$	2,500	$	1,875	$	2,747	$	(872)	
Contingency	$	1,200	$	900	$	922	$	(22)	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	136,874	$	112,906	$	96,930	$	15,976	

Operations & Maintenance		
Field Expenditures
Field Management	

$	16,695	

$	12,521	

$	12,521	

$	-	
Electric	$	10,000	$	7,500	$	6,222	$	1,278	
Streetlighting	$	46,200	$	34,650	$	25,599	$	9,051	
Property Insurance	$	4,213	$	4,213	$	6,218	$	(2,005)	
Landscape Maintenance	$	131,600	$	98,700	$	99,745	$	(1,045)	
Landscape Replacement & Enhancements	$	22,000	$	16,500	$	-	$	16,500	
Irrigation Repairs	$	7,500	$	5,625	$	982	$	4,643	
Sidewalk Repairs & Maintenance	$	3,000	$	2,250	$	-	$	2,250	
General Repairs & Maintenance	$	17,500	$	13,125	$	12,784	$	341	
Contingency	$	10,000	$	7,500	$	11,200	$	(3,700)	
Subtotal Field Expenditures	$	268,708	$	202,584	$	175,271	$	27,313	

Amenity Expenditures
Property Insurance	

$	16,953	

$	16,953	

$	11,909	

$	5,044	
Amenity Landscaping	$	21,000	$	15,750	$	13,941	$	1,809	
Amenity Landscape Replacement	$	13,000	$	9,750	$	-	$	9,750	
Electric	$	23,760	$	17,820	$	16,448	$	1,372	
Water	$	680	$	510	$	438	$	72	
Internet	$	2,376	$	1,782	$	1,608	$	174	
Janitorial Services	$	16,100	$	12,075	$	6,390	$	5,685	
Pest Control	$	740	$	555	$	549	$	6	
Amenity Access Management	$	6,000	$	4,500	$	4,500	$	-	
Security Services	$	30,900	$	23,175	$	24,983	$	(1,808)	
Amenity Repairs & Maintenance	$	19,800	$	14,850	$	13,559	$	1,291	
Pool Maintenance	$	18,000	$	13,500	$	16,600	$	(3,100)	
Playground Lease	$	51,600	$	38,700	$	30,493	$	8,207	
Contingency	$	7,500	$	5,625	$	3,106	$	2,519	
Subtotal Amenity Expenditures	$	228,409	$	175,545	$	144,523	$	31,022	
					
Total Operations & Maintenance	$	497,117	$	378,129	$	319,794	$	58,335	
					
Total Expenditures	$	633,991	$	491,035	$	416,724	$	74,311	
					
Excess (Deficiency) of Revenues over Expenditures	$	19,003		$	239,662		

Other Financing Sources/(Uses):					
Transfer Out - Capital Reserve	$	(58,400)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(58,400)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(39,397)		$	239,662		
					
Fund Balance - Beginning	$	39,397		$	214,727		
					
Fund Balance - Ending	$	-		$	454,389		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Assessments - Tax Roll	$	229,722	$	229,722	$	230,855	$	1,133	
Interest	$	-	$	-	$	10,336	$	10,336	
Total Revenues	$	229,722	$	229,722	$	241,191	$	11,469	

Expenditures:					
Interest - 11/1	$	77,451	$	77,451	$	77,451	$	-	
Principal - 5/1	$	70,000	$	70,000	$	70,000	$	-	
Interest - 5/1	$	77,451	$	77,451	$	77,451	$	-	
Total Expenditures	$	224,903	$	224,903	$	224,903	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	4,820		$	16,288		
					
Fund Balance - Beginning	$	137,390		$	253,307		
					
Fund Balance - Ending	$	142,210		$	269,596		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Assessments - Tax Roll	$	123,938	$	123,938	$	124,549	$	611	
Interest	$	-	$	-	$	5,550	$	5,550	
Total Revenues	$	123,938	$	123,938	$	130,099	$	6,161	

Expenditures:					
Interest - 11/1	$	43,463	$	43,463	$	43,463	$	-	
Principal - 5/1	$	35,000	$	35,000	$	35,000	$	-	
Interest - 5/1	$	43,463	$	43,463	$	43,463	$	-	
Total Expenditures	$	121,925	$	121,925	$	121,925	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,013		$	8,174		
					
Fund Balance - Beginning	$	74,324		$	137,136		
					
Fund Balance - Ending	$	76,337		$	145,310		

Revenues:					
Assessments - Tax Roll	$	238,365	$	238,365	$	239,541	$	1,175	
Interest	$	-	$	-	$	9,968	$	9,968	
Total Revenues	$	238,365	$	238,365	$	249,509	$	11,144	

Expenditures:					
Interest - 11/1	$	86,300	$	86,300	$	86,300	$	-	
Principal - 11/1	$	65,000	$	65,000	$	65,000	$	-	
Interest - 5/1	$	85,000	$	85,000	$	85,000	$	-	
Total Expenditures	$	236,300	$	236,300	$	236,300	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,065		$	13,209		
					
Fund Balance - Beginning	$	166,922		$	290,095		
					
Fund Balance - Ending	$	168,988		$	303,304		

Revenues:					
Assessments - Tax Roll	$	191,400	$	191,400	$	192,344	$	944	
Interest	$	-	$	-	$	7,249	$	7,249	
Total Revenues	$	191,400	$	191,400	$	199,593	$	8,193	

Expenditures:					
Interest - 11/1	$	62,175	$	62,175	$	62,175	$	-	
Principal - 5/1	$	65,000	$	65,000	$	65,000	$	-	
Interest - 5/1	$	62,175	$	62,175	$	62,175	$	-	
Total Expenditures	$	189,350	$	189,350	$	189,350	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,050		$	10,243		
					
Fund Balance - Beginning	$	76,248		$	173,510		
					
Fund Balance - Ending	$	78,298		$	183,753		

	Series	Series	Series		
	2018	2020 A3	2020 A4	Total	
Revenues					
Developer Contributions	$	-	$	-	$	-	$	-	
Interest	$	2	$	786	$	-	$	788	
Total Revenues	$	2	$	786	$	-	$	788	

Expenditures:					
Developer Advance Repayment	$	-	$	-	$	-	$	-	
Contingency	$	-	$	-	$	-	$	-	
Capital Outlay	$	-	$	-	$	-	$	-	
Capital Outlay - COI	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2	$	786	$	-	$	788	
					
Net Change in Fund Balance	$	2	$	786	$	-	$	788	
					
Fund Balance - Beginning	$	54	$	20,879	$	0	$	20,933	
					
Fund Balance - Ending	$	55	$	21,665	$	0	$	21,720	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:

Interest	

$	-	

$	-	$	1,932	

$	1,932	
Total Revenues	$	-	$	-	$	1,932	$	1,932	

Expenditures:

Capital Outlay	

$	-	

$	-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
				
Excess (Deficiency) of Revenues over Expenditures	$	-	$	1,932		

Other Financing Sources/(Uses):

Transfer In/(Out)	

$	58,400	

$	-	$	-	

$	-	
Total Other Financing Sources/(Uses)	$	58,400	$	-	$	-	$	-	
				
Net Change in Fund Balance	$	58,400	$	1,932		
				
Fund Balance - Beginning	$	71,900	$	58,635		
				
Fund Balance - Ending	$	130,300	$	60,567		

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:		
Assessments - Tax Roll	$	-	$	27,700	$	524,407	$	1,600	$	1,174	$	3,804	$	3,124	$	1,042	$	5,570	$	-	$	-	$	-	$	568,420	
Inta-Governmental Revenue	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	87,366	$	-	$	-	$	-	$	87,366	
Other Income	$	-	$	-	$	-	$	-	$	-	$	30	$	-	$	90	$	480	$	-	$	-	$	-	$	600	
Total Revenues	$	-	$	27,700	$	524,407	$	1,600	$	1,174	$	3,834	$	3,124	$	1,132	$	93,416	$	-	$	-	$	-	$	656,386	

Expenditures:											
General & Administrative:
Supervisor Fees	

$	1,000	

$	-	

$	800	

$	480	

$	1,000	

$	800	

$	-	

$	1,000	

$	1,000	

$	-  $	-  $	-  $	6,080	
Engineering Fees	$	138	$	-	$	420	$	-	$	173	$	363	$	610	$	173	$	3,028	$	-  $	-  $	-  $	4,903	
Legal Services	$	978	$	194	$	2,537	$	-	$	2,855	$	3,238	$	1,105	$	3,392	$	3,844	$	-  $	-  $	-  $	18,143	
Arbitrage	$	-	$	450	$	-	$	-	$	-	$	450	$	-	$	-	$	-	$	-  $	-  $	-  $	900	
Dissemination	$	583	$	583	$	583	$	583	$	583	$	583	$	583	$	583	$	583	$	-  $	-  $	-  $	5,250	
Assessment Administration	$	5,300	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,300	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Trustee Fees	$	7,071	$	-	$	6,465	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	13,536	
Management Fees	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	-  $	-  $	-  $	30,093	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	1,350	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	900	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Postage & Delivery	$	12	$	11	$	9	$	244	$	23	$	11	$	26	$	21	$	71	$	-  $	-  $	-  $	429	
Copies	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	0	$	-	$	-  $	-  $	-  $	0	
Office Supplies	$	1	$	1	$	0	$	0	$	1	$	1	$	1	$	1	$	1	$	-  $	-  $	-  $	5	
Insurance	$	6,197	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	6,197	
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	805	$	1,039	$	903	$	-	$	-  $	-  $	-  $	2,747	
Contingency	$	40	$	82	$	39	$	39	$	154	$	154	$	146	$	162	$	106	$	-  $	-  $	-  $	922	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	175	
Total General & Administrative	$	25,088	$	4,915	$	14,447	$	4,940	$	8,382	$	9,998	$	7,104	$	9,829	$	12,227	$	-  $	-  $	-  $	96,930	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operations & Maintenance		
Field Expenditures
Field Management	

$	1,391	

$	1,391	

$	1,391	

$	1,391	

$	1,391	

$	1,391	

$	1,391	

$	1,391	

$	1,391	

$	-  $	-  $	-  $	12,521	
Electric	$	781	$	788	$	757	$	684	$	777	$	620	$	586	$	665	$	564	$	-  $	-  $	-  $	6,222	
Streetlighting	$	2,765	$	3,475	$	2,760	$	2,050	$	2,706	$	2,706	$	2,701	$	4,213	$	2,224	$	-  $	-  $	-  $	25,599	
Property Insurance	$	4,615	$	-	$	-	$	-	$	-	$	-	$	1,603	$	-	$	-	$	-  $	-  $	-  $	6,218	
Landscape Maintenance	$	11,083	$	11,083	$	11,083	$	11,083	$	11,083	$	11,083	$	11,083	$	11,083	$	11,083	$	-  $	-  $	-  $	99,745	
Landscape Replacement & Enhancements	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Irrigation Repairs	$	281	$	199	$	333	$	-	$	-	$	-	$	-	$	-	$	169	$	-  $	-  $	-  $	982	
Sidewalk Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
General Repairs & Maintenance	$	760	$	2,232	$	7,120	$	-	$	854	$	1,623	$	195	$	-	$	-	$	-  $	-  $	-  $	12,784	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	11,200	$	-  $	-  $	-  $	11,200	
Subtotal Field Expenditures	$	21,676	$	19,168	$	23,444	$	15,208	$	16,811	$	17,423	$	17,558	$	17,352	$	26,631	$	-  $	-  $	-  $	175,271	

Amenity Expenditures
Property Insurance	

$	11,909	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	11,909	
Amenity Landscaping	$	1,549	$	1,549	$	1,549	$	1,549	$	1,549	$	1,549	$	1,549	$	1,549	$	1,549	$	-  $	-  $	-  $	13,941	
Amenity Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Electric	$	1,761	$	1,995	$	1,805	$	1,866	$	2,064	$	1,798	$	1,738	$	1,793	$	1,629	$	-  $	-  $	-  $	16,448	
Water	$	50	$	46	$	52	$	90	$	-	$	46	$	46	$	52	$	55	$	-  $	-  $	-  $	438	
Internet	$	356	$	178	$	-	$	356	$	-	$	178	$	360	$	180	$	-	$	-  $	-  $	-  $	1,608	
Janitorial Services	$	705	$	705	$	695	$	715	$	695	$	695	$	735	$	715	$	730	$	-  $	-  $	-  $	6,390	
Pest Control	$	56	$	56	$	56	$	56	$	65	$	65	$	65	$	65	$	65	$	-  $	-  $	-  $	549	
Amenity Access Management	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	-  $	-  $	-  $	4,500	
Security Services	$	4,065	$	2,264	$	2,683	$	2,264	$	2,757	$	3,497	$	2,237	$	2,802	$	2,414	$	-  $	-  $	-  $	24,983	
Amenity Repairs & Maintenance	$	3,036	$	3,347	$	-	$	425	$	760	$	2,172	$	2,478	$	966	$	375	$	-  $	-  $	-  $	13,559	
Pool Maintenance	$	1,630	$	1,350	$	1,650	$	1,650	$	2,800	$	1,880	$	1,880	$	1,880	$	1,880	$	-  $	-  $	-  $	16,600	
Playground Lease	$	4,344	$	4,344	$	4,344	$	4,344	$	4,344	$	3,247	$	1,376	$	2,120	$	2,028	$	-  $	-  $	-  $	30,493	
Contingency	$	-	$	-	$	-	$	-	$	-	$	2,826	$	-	$	280	$	-	$	-  $	-  $	-  $	3,106	
Subtotal Amenity Expenditures	$	29,962	$	16,333	$	13,334	$	13,815	$	15,534	$	18,454	$	12,964	$	12,902	$	11,225	$	-  $	-  $	-  $	144,523	
											
Total Operations & Maintenance	$	51,637	$	35,501	$	36,778	$	29,023	$	32,345	$	35,877	$	30,523	$	30,255	$	37,856	$	-  $	-  $	-  $	319,794	
											
Total Expenditures	$	76,726	$	40,416	$	51,225	$	33,963	$	40,727	$	45,874	$	37,627	$	40,084	$	50,083	$	-  $	-  $	-  $	416,724	
											
Excess (Deficiency) of Revenues over Expenditures	$	(76,726)	$	(12,716)	$	473,181	$	(32,363)	$	(39,553)	$	(42,041)	$	(34,502)	$	(38,952)	$	43,333	$	-  $	-  $	-  $	239,662	

Other Financing Sources/Uses:											
Transfer Out - Capital Reserve	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
											
Net Change in Fund Balance	$	(76,726)	$	(12,716)	$	473,181	$	(32,363)	$	(39,553)	$	(42,041)	$	(34,502)	$	(38,952)	$	43,333	$	-  $	-  $	-  $	239,662	

Holly Hill Road East
Community Development District Long Term Debt Report

Series 2017, Special Assessment Revenue Bonds	
Interest Rate:	3.5%, 4.1%, 4.625%, 5.0%	
Maturity Date:	5/1/48	
Reserve Fund Definition	50% of the Maximum Annual Debt service	
Reserve Fund Requirement	$113,777	
Reserve Fund Balance	$113,777	
Bonds Outstanding 10/19/2017	$4,160,000	
Less: Special Call 6/18/18	($150,000)	
Less: Special Call 8/1/18	($420,000)	
Less: Special Call 11/1/18	($15,000)	
Less: Principal Payment 5/1/19	($60,000)	
Less: Principal Payment 5/1/20	($60,000)	
Less: Special Call 11/1/20	($5,000)	
Less: Principal Payment 5/1/21	($65,000)	
Less: Principal Payment 5/1/22	($65,000)	
Less: Principal Payment 5/1/23	($70,000)	
Less: Principal Payment 5/1/24	($70,000)	
Current Bonds Outstanding	$3,180,000	

Series 2018, Special Assessment Revenue Bonds	
Interest Rate:	4.25%, 5.0%, 5.25%	
Maturity Date:	5/1/48	
Reserve Fund Definition	50% of the Maximum Annual Debt Service	
Reserve Fund Requirement	$61,656	
Reserve Fund Balance	$61,656	
Bonds Outstanding 10/19/2018	$2,800,000	
Less: Special Call 8/1/19	($930,000)	
Less: Special Call 11/1/19	($35,000)	
Less: Principal Payment 5/1/20	($30,000)	
Less: Special Call 11/1/20	($5,000)	
Less: Principal Payment 5/1/21	($30,000)	
Less: Special Call 11/1/21	($5,000)	
Less: Principal Payment 5/1/22	($30,000)	
Less: Special Call 5/1/22	($5,000)	
Less: Special Call 11/1/22	($5,000)	
Less: Principal Payment 5/1/23	($35,000)	
Less: Principal Payment 5/1/24	($35,000)	
Current Bonds Outstanding	$1,655,000	

Holly Hill Road East
Community Development District Long Term Debt Report

Series 2020 Assessment Area 3, Special Assessment Revenue Bonds	
Interest Rate:	4.0%, 4.5% 5.0%, 5.0%	
Maturity Date:	11/1/50	
Reserve Fund Definition	50% of the Maximum Annual Debt Service	
Reserve Fund Requirement	$119,125	
Reserve Fund Balance	$120,620	
Bonds Outstanding 5/20/20	$3,660,000	
Less: Principal Payment 11/1/21	($60,000)	
Less: Principal Payment 11/1/22	($60,000)	
Less: Principal Payment 11/1/23	($65,000)	
Current Bonds Outstanding	$3,475,000	

Series 2020 Assessment Area 4, Special Assessment Revenue Bonds	
Interest Rate:	3.0%, 3.5%, 4.0%, 4.0%	
Maturity Date:	5/1/51	
Reserve Fund Definition	50% of the Maximum Annual Debt Service	
Reserve Fund Requirement	$95,700	
Reserve Fund Balance	$95,700	
Bonds Outstanding 7/22/20	$3,325,000	
Less: Principal Payment 5/1/22	($60,000)	
Less: Principal Payment 5/1/23	($65,000)	
Less: Principal Payment 5/1/24	($65,000)	
Current Bonds Outstanding	$3,135,000	

Holly Hill Road East
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

Gross Assessments	$ 608,205.44	$	247,013.40	$	133,267.00	$	256,306.96	$	205,806.28	$ 1,450,599.08	
Net Assessments	$ 565,631.06	$	229,722.46	$	123,938.31	$	238,365.47	$	191,399.84	$ 1,349,057.14	
	41.93%	17.03%	9.19%	17.67%	14.19%	100%	

Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	General Fund	2017 Debt Service	2018 Debt Service	2020 Debt Service: A3	2020 Debt Service: A4	Total	

11/10/23	
10/13-10/14/23	
$	2,681.77	
$	(140.79)	
$	(50.82)	
$	-	
$	2,490.16	
$	1,044.07	
$	424.03	
$	228.77	
$	439.99	
$	353.30	
$	2,490.16	
11/14/23	10/01-10/31/23	$	4,753.52	$	(190.13)	$	(91.27)	$	-	$	4,472.12	$	1,875.06	$	761.53	$	410.86	$	790.18	$	634.49	$	4,472.12	
11/17/23	11/01-11/05/23	$	25,727.97	$	(1,029.07)	$	(493.98)	$	-	$	24,204.92	$  10,148.61	$	4,121.70	$	2,223.71	$	4,276.78	$	3,434.12	$	24,204.92	
11/24/23	11/06-11/12/23	$	37,095.09	$	(1,483.79)	$	(712.23)	$	-	$	34,899.07	$  14,632.44	$	5,942.74	$	3,206.19	$	6,166.33	$	4,951.37	$	34,899.07	
12/8/23	11/13-11/22/23	$	89,656.85	$	(3,586.02)	$	(1,721.42)	$	-	$	84,349.41	$  35,365.92	$	14,363.33	$	7,749.21	$	14,903.73	$	11,967.22	$	84,349.41	
12/21/23	11/23-11/30/23	$	1,230,165.90	$	(49,206.06)	$  (23,619.20)	$	-	$  1,157,340.64	$ 485,248.40	$	197,076.26	$	106,325.25	$	204,491.00	$	164,199.73	$ 1,157,340.64	
12/29/23	12/01-12/15/23	$	9,589.16	$	(359.37)	$	(184.60)	$	-	$	9,045.19	$	3,792.46	$	1,540.25	$	830.98	$	1,598.20	$	1,283.30	$	9,045.19	
12/31/24	1% Fee Adj	$	(14,505.99)	$	-	$	-	$	-	$	(14,505.99)	$  (6,082.06)	$	(2,470.13)	$	(1,332.67)	$	(2,563.07)	$	(2,058.06)	$  (14,505.99)	
1/10/24	12/16-12/31/23	$	15,607.89	$	(490.05)	$	(302.36)	$	-	$	14,815.48	$	6,211.83	$	2,522.83	$	1,361.10	$	2,617.75	$	2,101.97	$	14,815.48	
1/16/24	10/01-12/31/23	$	-	$	-	$	-	$  3,506.14	$	3,506.14	$	1,470.05	$	597.04	$	322.11	$	619.50	$	497.44	$	3,506.14	
2/9/24	01/01-01/30/24	$	2,920.41	$	(63.84)	$	(57.13)	$	-	$	2,799.44	$	1,173.74	$	476.70	$	257.19	$	494.63	$	397.18	$	2,799.44	
3/13/24	2/1/24-2/29/24	$	9,350.67	$	(93.51)	$	(185.14)	$	-	$	9,072.02	$	3,803.70	$	1,544.82	$	833.45	$	1,602.94	$	1,287.11	$	9,072.02	
4/10/24	3/1/24-3/31/24	$	7,603.83	$	-	$	(152.08)	$	-	$	7,451.75	$	3,124.37	$	1,268.91	$	684.59	$	1,316.65	$	1,057.23	$	7,451.75	
5/20/24	1/1/24-03/31/24	$	-	$	-	$	-	$	43.95	$	43.95	$	18.43	$	7.48	$	4.04	$	7.77	$	6.24	$	43.96	
5/31/24	4/1/24-4/30/24	$	2,490.35	$	-	$	(49.81)	$	-	$	2,440.54	$	1,023.27	$	415.58	$	224.19	$	431.23	$	346.26	$	2,440.53	
6/20/24	5/1/24-5/31/24	$	4,033.47	$	-	$	(80.67)	$	-	$	3,952.80	$	1,657.33	$	673.10	$	363.14	$	698.42	$	560.81	$	3,952.80	
6/28/24	06/03/24-06/03/24	$	9,522.24	$	-	$	(190.44)	$	-	$	9,331.80	$	3,912.62	$	1,589.05	$	857.32	$	1,648.84	$	1,323.97	$	9,331.80	

Total	$	1,436,693.13  $	(56,642.63) $  (27,891.15) $  3,550.09  $  1,355,709.44	$ 568,420.24	$	230,855.22	$	124,549.43	$	239,540.87	$	192,343.68	$ 1,355,709.44	

100%

0

Net Percent Collected Balance Remaining to Collect