PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY Regular Board Meeting & Public Hearing
MAY 22, 2024
4:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
www.palmbeachplantationcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT
Palm Beach Plantation Clubhouse 8751 Palm Beach Plantation Boulevard Royal Palm Beach, Florida 33411
REGULAR BOARD MEETING & PUBLIC HEARING
May 22, 2024
4:00 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 20, 2024 Regular Board Meeting…	Page 2
Public Hearing
Proof of Publication…	Page 5
Receive Public Comments on Fiscal Year 2024/2025 Final Budget
Consider Resolution No. 2024-02 – Adopting a Fiscal Year 2024/2025 Final Budget…	Page 6
Old Business
New Business
Consider Resolution No. 2024-03 – Adopting a Fiscal Year 2024/2025 Meeting Schedule…	Page 13
Consider Resignation of Mr. Brackett and Declare Seat # 4 Vacant…	Page 15
Administrative Matters
Financial Update…	Page 16
Board Members Comments
Adjourn

Publication Date 2024-05-09

Subcategory Miscellaneous Notices

Notice of Public Hearing
and Regular Board Meeting of the
Palm Beach Plantation Community Development District
The Board of Supervisors of the Palm Beach Plantation Community Development District (the District) will
hold a Public Hearing and Regular Board Meeting on May 22, 2024, at 4:00 p.m., or as soon thereafter as the meeting can be heard, in the Palm Beach Plantation Clubhouse located at 8751 Palm Beach Plantation Boulevard, Royal Palm Beach, Florida 33411.
The purpose of the Public Hearing is to receive public comment on the Fiscal Year 2024/2025 Proposed Final Budget of the District. A copy of the Budget and/or the Agenda may be obtained from the Districts website
(www.palmbeachlantationcdd.org) or at the offices of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida 33410, during normal business hours. The purpose of the Regular Board Meeting is for the
Board to consider any other business which may properly come before it. The meetings are open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. Meetings may be continued as found necessary to a time and place specified on the record.
There may be occasions when one or more Board members will participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at these meetings should contact the District Manager at
(561) 630-4922 and/or toll-free at 1-877-737-4922, at least seven (7) days prior to the date of the meetings. If any person decides to appeal any decision made with respect to any matter considered at this Public
Hearing and Regular Board Meeting, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at their own expense and which record includes the testimony and evidence on which the appeal is based.
Meetings may be cancelled from time to time without advertised notice.
Palm Beach Plantation Community Development District www.palmbeachlantationcdd.org
5/2, 5/9/24 10119752

Page 1

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 20, 2024

CALL TO ORDER

District Manager Michael McElligott called to order the Regular Board Meeting of the Palm Beach Plantation Community Development District on March 20, 2024, at 4:00
p.m. in the Palm Beach Plantation Clubhouse located at 8751 Palm Beach Plantation Boulevard, Royal Palm Beach, Florida 33411.

PROOF OF PUBLICATION

Mr. McElligott presented proof of publication that notice of the Regular Board Meeting had been published in The Palm Beach Post on October 6, 2023, as legally required.

ESTABLISH A QUORUM

Present and constituting a quorum were Russ Warnet, Richard Feltz, Richard Brackett, Rebecca Delgado, and Bob Vey.
Staff in attendance were District Managers Michael McElligott of Special District Services, Inc. and District Counsel Scott Cochran of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA
There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
October 18, 2023, Regular Board Meeting
Mr. McElligott presented the minutes of the October 18, 2023, Regular Board Meeting and asked if there were any changes or corrections. Without comment, a motion was made by Mr. Brackett, seconded by Mr. Warnet that the minutes of the October 18, 2023, Regular Board Meeting be approved, as presented. That motion passed unanimously.

OLD BUSINESS

Update on Bond Amortization Meeting with Mr. Brackett

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 20, 2024

Mr. McElligott gave a summary of the meeting he had with Mr. Brackett in his office along with Mr. walker from SDS, Inc. The meeting was to clear up some confusion regarding the amortization schedule from the Bond refinancing done back in 2014. It appeared that the last payment, the ballon payment, seemed higher. Mr. McElligott and Mr. Walker were able to show that the last payment, while show on the amortization as 1 big payment, was actually made up of 2 payments, the regularly scheduled annual payment, and the balloon payment. With this information Mr. Brackett asked that on the budget we show that payment as the two separate payments so as to clear up any confusion.

NEW BUSINESS

Consider Resolution No. 2024-01 – Adopting a Fiscal Year 2024/2025 Proposed Budget

Mr. McElligott presented Resolution No. 2024-01.
RESOLUTION NO. 2024-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025; AND PROVIDING AN EFFECTIVE DATE.
Mr. McElligott presented the budget. After some discussion among the Board, a motion was then made by Mr. Brackett, seconded by Mrs. Delgado, passing Resolution 2024-01 – Adopting a Fiscal Year 2022/2023 Proposed Budget as presented and setting the Public Hearing for May 22, 2024, at 4:00 p.m. The motion passed unanimously.

Discussion Regarding New Required Ethics Training
Mr. McElligott and Mr. Cochran explained that due to legislation change, CDD Board members are now required to complete 4 hours of ethics training starting this year. Mr. McElligott explained that Mr. Cochran’s office provided SDS, Inc with 2 free videos that would qualify. The links to those videos are now on the SDS, Inc website for the Board Members to view at their leisure this year. They will then need to check the box on the Form 1 next year saying they completed the 4 hours this year.

ADMINISTRATIVE MATTERS

Financial Report

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 20, 2024

Mr. McElligott presented the Financial Report in the meeting book and opened it up for any questions. There was no action required.

Other Matters

Mr. McElligott explained to the Board that there is a new, online only format for the Form 1 starting this year. The Board members should see an email from the state in the coming months so they can register and complete the form.

BOARD MEMBER COMMENTS

There were no Board member comments.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Vey, seconded by Mr. Feltz to adjourn the Regular Board Meeting at 4:40 p.m. That motion passed unanimously.

Secretary/Asst. Secretary	Chair/Vice Chair

Publication Date 2024-05-09

Subcategory Miscellaneous Notices

Notice of Public Hearing
and Regular Board Meeting of the
Palm Beach Plantation Community Development District
The Board of Supervisors of the Palm Beach Plantation Community Development District (the District) will
hold a Public Hearing and Regular Board Meeting on May 22, 2024, at 4:00 p.m., or as soon thereafter as the meeting can be heard, in the Palm Beach Plantation Clubhouse located at 8751 Palm Beach Plantation Boulevard, Royal Palm Beach, Florida 33411.
The purpose of the Public Hearing is to receive public comment on the Fiscal Year 2024/2025 Proposed Final Budget of the District. A copy of the Budget and/or the Agenda may be obtained from the Districts website
(www.palmbeachlantationcdd.org) or at the offices of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida 33410, during normal business hours. The purpose of the Regular Board Meeting is for the
Board to consider any other business which may properly come before it. The meetings are open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. Meetings may be continued as found necessary to a time and place specified on the record.
There may be occasions when one or more Board members will participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at these meetings should contact the District Manager at
(561) 630-4922 and/or toll-free at 1-877-737-4922, at least seven (7) days prior to the date of the meetings. If any person decides to appeal any decision made with respect to any matter considered at this Public
Hearing and Regular Board Meeting, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at their own expense and which record includes the testimony and evidence on which the appeal is based.
Meetings may be cancelled from time to time without advertised notice.
Palm Beach Plantation Community Development District www.palmbeachlantationcdd.org
5/2, 5/9/24 10119752

RESOLUTION NO. 2024-02

A RESOLUTION OF THE PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2024/2025 BUDGET.

WHEREAS, the Palm Beach Plantation Community Development District (“District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2024/2025 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non ad-valorem assessments upon the properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.	The Final Budget and Final Special Assessment Roll for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.	The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 22nd day of May, 2024.

ATTEST:	PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Palm Beach Plantation Community Development District

Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

FINAL BUDGET

II	DETAILED FINAL BUDGET

Ill	DETAILED FINAL DEBT SERVICE FUND BUDGET

IV	ASSESSMENT COMPARISON

FINAL BUDGET
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
0 & M Assessments	163,668	
Debt Assessments	479,724	
Other Revenues	0	
Interest Income	600	
		
TOTAL REVENUES	$	643,992	
		
Discounts For Early Payments	(25,736)	
		
TOTAL NET REVENUES	$	618,256	
		
EXPENDITURES		
Supervisor Fees	7,000	
Payroll Taxes	560	
Maintenance	7,500	
Engineering/Inspections	10,000	
Management	38,136	
Secretarial	4,200	
Legal	8,500	
Assessment Roll	3,000	
Audit Fees	3,500	
Arbitrage Calculation Report Fee	650	
Insurance	7,400	
Legal Advertisements	1,200	
Miscellaneous	850	
Postage	275	
Office Sup	ies	625	
Dues & Subscriptions	175	
Trustee Fees	4,100	
Website Management	1,250	
Reserve/Contingency	51,300	
County Appraiser & Tax Collector Fee	7,500	
		
TOTAL EXPENDITURES	$	157,721	
		
REVENUES LESS EXPENDITURES	$	460,535	
		
Bond Payments	(460,535)	
		
EXCESS/ (SHORTFALL)	$	

Notes
22/23 Maintenance Expenditure Of $154,780 Was For Geo Tube. Fund Balance As Of 9-30-23: $47,944
Estimated Fund Balance As Of 9-30-24: $47,944 Plus Reserve/Contingency (Estimated At $54,600)

DETAILED FINAL BUDGET
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023
ACTUAL	
FISCAL YEAR 2023/2024
BUDGET	
FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	
0 & M Assessments	120,690	166,926	163,668	Expenditures Less lnteresU.96	
Debt Assessments	480,493	477,827	479,724	Bond Payments/.96	
Other Revenues	0	0	0		
Interest Income	5,584	480	600	Projected At $50 Per Month	
					
TOTAL REVENUES	$	606,767	$	645,233	$	643,992		
					
Discounts For Early Payments	(22,444)	(25,798)	(25,736)	Four Percent Of Total Assessment Roll	
					
TOTAL NET REVENUES	$	584,323	$	619,435	$	618,256		
					
EXPENDITURES					
Supervisor Fees	3,200	8,000	7,000	Supervisor Fees	
Payroll Taxes	260	640	560	Projected At 8 Percent Of Supervisor Fees	
Maintenance	154,780	7,500	7,500	No Change From 2023/2024 Budget	
Engineering/Inspections	35,823	10,000	10,000	No Change From 2023/2024 Budget	
Management	35,964	37,032	38,136	CPI Adjustment (Capped At 3%)	
Secretarial	4,200	4,200	4,200	No Change From 2023/2024 Budget	
Legal	9,470	8,500	8,500	No Change From 2023/2024 Budget	
Assessment Roll	3,000	3,000	3,000	No Change From 2023/2024 Budget	
Audit Fees	3,600	3,700	3,500	Accepted Amount For 2023/2024 Audit	
Arbitrage Calculation Report Fee	650	650	650	No Change From 2023/2024 Budget	
Insurance	6,441	6,900	7,400	Fiscal Year 2023/2024 Expenditure Was For $6,925	
Legal Advertisements	905	1,200	1,200	No Change From 2023/2024 Budget	
Miscellaneous	430	850	850	No Change From 2023/2024 Budget	
Postage	509	275	275	No Change From 2023/2024 Budget	
Office Supplies	490	650	625	$25 Decrease From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Trustee Fees	4,080	4,100	4,100	No Change From 2023/2024 Budget	
Website Management	1,250	1,250	1,250	No Change From 2023/2024 Budget	
Reserve/Contingency	0	54,600	51,300	Reserve/Contingency	
County Appraiser & Tax Collector Fee	4,000	7,500	7,500	County Appraiser & Tax Collector Fee	
					
TOTAL EXPENDITURES	$	269,227	$	160,722	$	157,721		
					
REVENUES LESS EXPENDITURES	$	315,096	$	458,713	$	460,535		
					
Bond Payments	(462,431)	(458,713)	(460,535)	2025 P & I Payments Less Earned Interest	
					
EXCESS/ (SHORTFALL)	$	(147,335)	$	-	$		
Notes
22/23 Maintenance Expenditure Of $154,780 Was For Geo Tube. Fund Balance As Of 9-30-23: $47,944
Estimated Fund Balance As Of 9-30-24: $47,944 Plus Reserve/Contingency (Estimated At $54,600)

DETAILED FINAL DEBT SERVICE FUND BUDGET
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
12,872	
100	
400	
Interest For FY 2024/2025	

NAV Tax Collection	
462,431	
459,132	
460,535	
2025 P & I Payments Less Earned Interest	

NAV Tax Collection	
12,195	
0	
0		

Total Revenues	
$	487,498	
$	459,232	
$	460,935		

EXPENDITURES					

Principal Payments	
320,000	
330,000	
345,000	
Principal Payment Due In 2025	

Interest Payments	
148,735	
129,232	
115,935	
Interest Payments Due In 2025	

Total Expenditures	
$	468,735	
$	459,232	
$	460,935		

Excess/ (Shortfall)	
$	18,763	
$	-	
$		

Original Par Amount=

Series 2014 Bond Refunding Information

$5,940,000	Annual Principal Payments Due =

May 1st

Interest Rate = Issue Date= Maturity Date =

3.940%
March 2014
May 2029

Annual Interest Payments Due =

May 1st & November 1st

Par Amount As Of 1-1-24 =  $3,445,000

Principal Amount Due In May 2029: $1,655,000 ($405,000 - Regular Payment & $1,250,000 - Balloon Payment)

5/14/2024 12:13 PM	111	Page 11

Palm Beach Plantation Community Development District Assessment Comparison

	Fiscal Year
2020/2021				Fiscal Year
2021/2022				Fiscal Year
2022/2023				Fiscal Year
2023/2024				Fiscal Year
2024/2025		
	Assessment*				Assessment*				Assessment*				Assessment*				Projected Assessment*		

0 & M For Lot Size 45		
$	206.46				
$	206.46				
$	201.03				
$	278.21				
$	272.79		
Debt For Lot Size 45		$	763.65				$	760.94				$	765.43				$	760.62				$	762.30		
Total		$	970.11				$	967.40				$	966.46				$	1,038.83				$	1,035.09		
0 & M For Lot Size 65+70		$	206.46				$	206.46				$	201.03				$	278.21				$	272.79		
Debt For Lot Size 65+70		$	848.17				$	845.15				$	850.14				$	847.89				$	852.87		
Total		$	1,054.63				$	1,051.61				$	1,051.17				$	1,126.10				$	1,125.66		

* Assessments Include the Following :		
4% Discount for Early Payments			
1% County Tax Collector Fee			
1% County Property Appraiser Fee			
Community Information:			
45 Foot Lots	326		
65/70 Foot Lots	274		
Total Units	600		
45 Foot Lots Information			
Total Units	326		
Prepayments	1		
Billed For Debt	325		
65/70 Foot Lots Information			
Total Units	274		
Prepayments	£		
Billed For Debt	272		

5/14/2024 12:13 PM	IV	Page 12

RESOLUTION NO. 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2024/2025 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Palm Beach Plantation Community Development District ("District") to establish a regular meeting schedule for fiscal year 2024/2025; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2024/2025 which is attached hereto and made a part hereof as Exhibit “A”.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2024/2025 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 22nd day of May, 2024.

ATTEST:	PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Palm Beach Plantation Community Development District will hold Regular Meetings for Fiscal Year 2024/2025 at 4:00
p.m. at the Palm Beach Plantation Clubhouse located at 8751 Palm Beach Plantation Boulevard, Royal Palm Beach, Florida 33411, on:

October 16, 2024
November 20, 2024
December 18, 2024
January 15, 2025
February 19, 2025
March 19, 2025
April 16, 2025
May 21, 2025
June 18, 2025
July 16, 2025
August 20, 2025
September 17, 2025

The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of agendas for any of the meetings may be obtained on the District’s website or by contacting the District Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922 prior to the date of the particular meeting.
From time to time one or more Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. Meetings may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at (561) 630-4922 and/or toll free 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Meetings may be cancelled from time to time without advertised notice.

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT

www.palmbeachplantationcdd.org PUBLISH: PALM BEACH POST

From: Richard Brackett ricbrack@comcast.net
Subject; Stepping Down
Date: March 28, 2024 at 10:45AM
To: Michael McElligott MMcElligott@sdsinc.org

Hi Michael.

As I mentioned at the end of meeting last week, I am stepping down from the PBP CDD Board, effective with this letter.

I want to thank you for your efforts on the District's behalf over the years. I do feel the CDD's business Is being conducted by capable hands.

Concerning my replacement, I understand I have no say on the topic. However, I'd like to mention Allen Rossin to you again for consideration. He has a history of helping the HOA and CDD and he'd be a very competent board member.
With best regards,

Richard L. Brackett
8286 Butler Greenwood Drive (917) 626-0615

Palm Beach Plantation Community Development District
Budget vs. Actual
October 2023 through April 2024

Oct '23 - Apr 24	23/24 Budget	$ Over Budget	% of Budget	
Ordinary Income/Expense
Income				
363.100 • 0 & M Assessments	162,291.97		166,926.00		-4,634.03		97.22%	
363.810 • Debt Assessments	463,027.14		477,827.00		-14,799.86		96.9%	
363.820 • Debt Assessment-Paid To Trustee	-441,852.74		-458,713.00		16,860.26		96.32%	
363.831 • Discounts For Early Payments	-23,931.30		-25,798.00		1,866.70		92.76%	
369.401 • Interest Income	5,204.99		480.00		4,724.99		1,084.37%	
Total Income	164,740.06		160,722.00		4,018.06		102.5%	
Expense								
511.122 • Payroll Expense	104.95		640.00		-535.05		16.4%	
511.131 • Supervisor Fee	1,400.00		8,000.00		-6,600.00		17.5%	
511.305 • Maintenance/Contingency	5,000.00		7,500.00		-2,500.00		66.67%	
511.310 • Engineering	0.00		10,000.00		-10,000.00		0.0%	
511.311 • Management Fees	21,602.00		37,032.00		-15,430.00		58.33%	
511.312 • Secretarial Fees	2,450.00		4,200.00		-1,750.00		58.33%	
511.315 • Legal Fees	4,267.50		8,500.00		-4,232.50		50.21%	
511.318 • Assessment/Tax Roll	0.00		3,000.00		-3,000.00		0.0%	
511.320 • Audit Fees	0.00		3,700.00		-3,700.00		0.0%	
511.330 • Arbitrage Calculation Rprt Fee	0.00		650.00		-650.00		0.0%	
511.450 • Insurance	6,925.00		6,900.00		25.00		100.36%	
511.480 • Legal Advertisements	256.69		1,200.00		-943.31		21.39%	
511.512 • Miscellaneous	297.28		850.00		-552.72		34.97%	
511.513 • Postage and Delivery	70.65		275.00		-204.35		25.69%	
511.514 • Office Supplies	137.45		650.00		-512.55		21.15%	
511.515 • Website Management Fees	729.19		1,250.00		-520.81		58.34%	
511.540 • Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.732 • Reserve/Contingency	0.00		54,600.00		-54,600.00		0.0%	
511.733 • Trustee Fees	4,079.63		4,100.00		-20.37		99.5%	
511.735 • County Appraiser & Tax Coll Fee	7,269.15		7,500.00		-230.85		96.92%	
Total Expense	54,764.49		160,722.00		-105,957.51		34.07%	
Net Ordinary Income	109,975.57		0.00		109,975.57		100.0%	
Net Income	109,975.57		0.00		109,975.57		100.0%	

Bank Balance As Of 4/30/24	$  178,579.49	
Accounts Payable As Of 4/30/24	$	19,539.18	
Accounts Receivable As Of 4/30/24	$	
Total Fund Balance As Of 4/30/24	$  159,040.31