PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING MARCH 19, 2025
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
March 19, 2025
4:00 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Consider Appointments to Board Vacancies
Administer Oath of Office & Review Board Member Responsibilities
Election of Officers
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
October 16, 2024 Regular Board Meeting…	Page 2
Old Business
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget…	Page 5
Consider Resolution No. 2025-02 – Registered Agent Change…	Page 12
Administrative Matters
Financial Update…	Page 14
Board Member Comments
Adjourn

LOCALiQ
The Gainesville Sun I The Ledger Daily Commercial I Ocala StarBanner
News Chief I Herald-Tribune News Herald I The Palm Beach Post
Northwest Florida Daily News

PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OF PUBLICATION
Palm Beach Plantation Cdd

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Boord of Supervisors of the Polm Beach Plantation Community Development District will hold Regular Meet­ ings for Fiscal Yeor 2024/2025 ot 4:00 p.m. at the Polm Beach Plantation Clubhouse located at 8751 Palm Beach Plantation Boulevard, Raval Palm

Palm Beach Plantation Cdd 2501 BURNS RD
STEA

PALM BEACH GARDENS FL 334105207

Beach, Florido 33411, on:

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

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the Palm Beach Post, published in Palm Beach County, Florida; that the attached copy of advertisement, being a Govt Public Notices, was published on the publicly accessible website of Palm Beach County, Florida, or in a newspaper by print in the issues of, on:

09/30/2024

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who

The purpose of the meetings is to conduct any business coming before the Boord. Meetings are open to the public and will be conducted in occardance 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 l-877-737-4922 prior to the dote 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 locotion so tt,at Supervisors may be fully informed of the discussions taking place. Meetings may be continued as found necessary ta a time ond place specified on the record.
If any person decides to appeal any decision mode wi1h respect to any
matter considered at these meetings, such person will need a record of the proceedings and such person may need ta ensure 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, ony person requiring special accommodations or an interpreter to partici• pate 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 lhe dote of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT
www.Palmbeachplontationcdd.org
No.10605915	Sepl. 30, 202d

9/30/2024

Legal Clerk

Notary, State of WI, County of Brown
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Publication Cost:	$273.92	
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Page 1 of 1

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 16, 2024

CALL TO ORDER

District Manager Michael McElligott called to order the Regular Board Meeting of the Palm Beach Plantation Community Development District on October 16, 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 September 30, 2024, as legally required.

ESTABLISH A QUORUM

Present and constituting a quorum were Russ Warnet, Richard Feltz, Bob Vey, and Rebecca Delgado.

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
June 19, 2024, Regular Board Meeting & Public Hearing
Mr. McElligott presented the minutes of the June 19, 2024, Regular Board Meeting & Public Hearing and asked if there were any changes or corrections. Mr. Warnet pointed out that on page 4, the last sentence seems to be missing a word and it should read “there is no requirement”. A motion was made by Mrs. Delgado, seconded by Mr. Feltz that the minutes of the June 19, 2024, Regular Board Meeting & Public Hearing be approved, as amended. That motion passed unanimously.

OLD BUSINESS

There was no old business.

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 16, 2024

NEW BUSINESS

Consider Resolution No. 2024-05 – Adopting a Fiscal Year 2023/2024 Amended Budget

Mr. McElligott presented Resolution No. 2024-05, entitled:

RESOLUTION NO. 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2023/2024 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott reminded the Board that this is a required look back comparison of the actual expenses of the district versus the budgeted amounts. There was a brief discussion among the Board and Mr. McElligott answered any questions.
A motion was then made by Mrs. Delgado, seconded by Mr. Feltz to approve Resolution no. 2024-05 as presented. That motion passed unanimously.
Consider Resolution No. 2024-06 – Adopting Goals and Objectives

Mr. McElligott presented Resolution No. 2024-06, entitled:
RESOLUTION NO. 2024-06
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SERVABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Mr. McElligott and Mr. Cochran explained that due to a new statutory requirement, the Board needs to adopt Goals & Objectives that they will post to their website and then next year they will revisit and evaluate how they did against those Goals & Objectives.

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 16, 2024

Mr. McElligott presented the exhibit to the resolution which lists out proposed Goal & Objectives, and how the Board will measure them next year.

After a brief discussion among the Board, there was a suggestion that in the future we may add an item about following the district engineers recommendations to do the lake bank erosion repairs. This will be revisited next year. With no further discussion, there was a motion by Mrs. Delgado, seconded by Mr. Feltz, to approve resolution No. 2024- 06 – Adopting Goals & Objectives as presented. The motion carried 4-0.

Memo 2023 Legislative Update

Mr. Cochran pointed the Board to the memo in the meeting materials. He went over any items that might affect CDD’s like Palm Beach Plantation CDD. There was a brief discussion, but there was no action required.

I	ADMINISTRATIVE MATTERS
Financial Report
Mr. McElligott presented the Financial Report in the meeting book and opened it up for any questions. There was no action required.
Other Items
Mr. McElligott reminded the Board about the required ethics training and about the video links on the SDS website.

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 Mrs. Delgado, seconded by Mr. Feltz to adjourn the Regular Board Meeting at 4:25 p.m. That motion passed unanimously.

Secretary/Asst. Secretary	Chair/Vice Chair

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Palm Beach Plantation Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2025/2026 has been prepared and considered by the Board.

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

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for May 21, 2025 at 4:00 p.m. in the Palm Beach Plantation Clubhouse, 8751 Palm Beach Plantation Boulevard, Royal Palm Beach, Florida 33411, for the purpose of receiving public comments on the Proposed Fiscal Year 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 19th day of March, 2025.

ATTEST:	PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Palm Beach Plantation Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M Assessments	166,902	
Debt Assessments	476,193	
Other Revenues	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	644,295	
		
Discounts For Early Payments	(25,725)	
		
TOTAL NET REVENUES	$	618,570	
		
EXPENDITURES		
Supervisor Fees	7,000	
Payroll Taxes	560	
Maintenance	7,500	
Engineering/Inspections	10,000	
Management	39,240	
Secretarial	4,200	
Legal	8,500	
Assessment Roll	3,000	
Audit Fees	3,600	
Arbitrage Calculation Report Fee	650	
Insurance	7,700	
Legal Advertisements	1,500	
Miscellaneous	800	
Postage	250	
Office Supplies	600	
Dues & Subscriptions	175	
Trustee Fees	4,100	
Website Management	1,250	
Reserve/Contingency	53,300	
County Appraiser & Tax Collector Fee	7,500	
		
TOTAL EXPENDITURES	$	161,425	
		
REVENUES LESS EXPENDITURES	$	457,145	
		
Bond Payments	(457,145)	
		
EXCESS/ (SHORTFALL)	$	-	

Notes
Fund Balance As Of 9-30-24: $86,000 Plus Reserve/Contingency $54,600
Estimated Fund Balance As Of 9-30-25: $86,000 Plus Reserve/Contingency (Estimated At $105,900)

DETAILED PROPOSED BUDGET
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024
ACTUAL	
FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
O & M Assessments	167,821	163,668	166,902	Expenditures Less Interest/.96	
Debt Assessments	478,838	479,724	476,193	Bond Payments/.96	
Other Revenues	0	0	0		
Interest Income	8,477	600	1,200	Projected At $100 Per Month	
					
TOTAL REVENUES	$	655,136	$	643,992	$	644,295		
					
Discounts For Early Payments	(23,931)	(25,736)	(25,725)	Four Percent Of Total Assessment Roll	
					
TOTAL NET REVENUES	$	631,205	$	618,256	$	618,570		
					
EXPENDITURES					
Supervisor Fees	1,800	7,000	7,000	Supervisor Fees	
Payroll Taxes	156	560	560	Projected At 8 Percent Of Supervisor Fees	
Maintenance	5,000	7,500	7,500	No Change From 2024/2025 Budget	
Engineering/Inspections	0	10,000	10,000	No Change From 2024/2025 Budget	
Management	37,032	38,136	39,240	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	7,090	8,500	8,500	No Change From 2024/2025 Budget	
Assessment Roll	3,000	3,000	3,000	No Change From 2024/2025 Budget	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Calculation Report Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	6,925	7,400	7,700	Fiscal Year 2024/2025 Expenditure Was For $7,202	
Legal Advertisements	1,612	1,200	1,500	$300 Increase From 2024/2025 Budget	
Miscellaneous	353	850	800	$50 Decrease From 2024/2025 Budget	
Postage	91	275	250	$25 Decrease From 2024/2025 Budget	
Office Supplies	259	625	600	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	4,080	4,100	4,100	No Change From 2024/2025 Budget	
Website Management	1,250	1,250	1,250	No Change From 2024/2025 Budget	
Reserve/Contingency	0	51,300	53,300	Reserve/Contingency	
County Appraiser & Tax Collector Fee	7,403	7,500	7,500	County Appraiser & Tax Collector Fee	
					
TOTAL EXPENDITURES	$	84,476	$	157,721	$	161,425		
					
REVENUES LESS EXPENDITURES	$	546,729	$	460,535	$	457,145		
					
Bond Payments	(458,713)	(460,535)	(457,145)	2026 P & I Payments Less Earned Interest	
					
EXCESS/ (SHORTFALL)	$	88,016	$	-	$	-		
Notes
Fund Balance As Of 9-30-24: $86,000 Plus Reserve/Contingency $54,600
Estimated Fund Balance As Of 9-30-25: $86,000 Plus Reserve/Contingency (Estimated At $105,900)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
15,481	
400	
1,000	
Interest For FY 2025/2026	

NAV Tax Collection	
458,713	
460,535	
457,145	

2026 P & I Payments Less Earned Interest	
	
0	
0	
0		

Total Revenues	
$	474,194	
$	460,935	
$	458,145		

EXPENDITURES					

Principal Payments	
340,000	
345,000	
355,000	
Principal Payment Due In 2026	

Interest Payments	
135,930	
115,935	
103,145	
Interest Payments Due In 2026	

Total Expenditures	
$	475,930	
$	460,935	
$	458,145		

Excess/ (Shortfall)	
$	(1,736)	
$	-	
$	-		

Series 2014 Bond Refunding Information
Original Par Amount =	$5,940,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.940%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2014			
Maturity Date =

Par Amount As Of 1-1-25 =	May 2029

$3,115,000			

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

Palm Beach Plantation Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	2025/2026	
	Assessment*			Assessment*			Assessment*			Assessment*			Projected Assessment*		

O & M For Lot Si]e 45	
$	
206.46	
$	201.03	
$	278.21	
$	272.79	
$	
278 18	
Debt For Lot Si]e 45	$	760.94	 $	765.43	 $	760.62	$	762.30	 $	756 68	
Total	$	967 40	$	966 46	$	1,038 83	$	1,035 09	$	1,034 86	
O & M For Lot Si]e 65 70	$	206.46	$	201.03	$	278.21	$	272.79	$	278 18	
Debt For Lot Si]e 65 70	$	845.15	 $	850.14	 $	847.89	$	852.87	 $	846 60	
Total	$	1,051 61	$	1,051 17	$	1,126 10	$	1,125 66	$	1,124 78	

* 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	2	
Billed For Debt	272	

RESOLUTION 2025-02

A RESOLUTION OF THE PALM BEACH PLANTATION COMMUNITY	DEVELOPMENT	DISTRICT DESIGNATING MICHAEL J. PAWELCZYK AS THE DISTRICT’S REGISTERED AGENT AND DESIGNATING THE OFFICE OF BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A. AS THE REGISTERED OFFICE

WHEREAS, Section 189.014, Florida Statutes requires that the Palm Beach Plantation Community Development District (the “District”) designate a registered office and a registered agent, and further authorizes the District to change its registered office and registered agent, at the discretion of the District Board of Supervisors (the “Board”); and

WHEREAS, the designation of both a registered office and a registered agent is for the purpose of accepting service of process, notice, or demand that is required or permitted by law to be served upon the District; and

WHEREAS, the Board has been informed by the office of District Counsel that there is a need to designate a new registered agent for the District; and

WHEREAS, the Board seeks designate Michael J. Pawelczyk as the registered agent for the District, and update the business address of the registered office of the District, as necessary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT, THAT:
Section 1.	The foregoing recitals are hereby incorporated as findings of fact of the Board.

Section 2.  Michael J. Pawelczyk is hereby designated as the registered agent for the District, thereby replacing any previously designated registered agent.
Section 3.  The registered office of the District is hereby designated as the office at Billing, Cochran, Lyles, Mauro & Ramsey, P.A., 515 East Las Olas Boulevard, Suite 600, Fort Lauderdale, Florida 33301. The registered office is identical to the business address of the registered agent designated in Section 2 of this Resolution.
Section 4. Pursuant to the requirements of Section 189.014(2), Florida Statutes, the District’s Secretary shall transmit copies of this Resolution to the local governing authority or authorities and to the Florida Department of Economic Opportunity.

Section 5.  All resolutions or parts of resolutions in conflict herewith are repealed to the extent of such conflict.

1

Section 6.   If any clause, section or other part or application of this Resolution is held by a court of competent jurisdiction to be unconstitutional, illegal or invalid, in part or as applied, it shall not affect the validity of the remaining portions or applications of this Resolution.

Section 7.	This Resolution shall be effective immediately upon adoption.

PASSED AND ADOPTED THIS 19th DAY OF MARCH, 2025.

ATTEST:

PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT

	

Print name: 		Print name: 	 Secretary/Assistant Secretary		Chair/Vice-Chair, Board of Supervisors

2

Palm Beach Plantation Community Development District
Budget vs. Actual
October 2024 through February 2025

Oct 24 - Feb 25	24/25 Budget	$ Over Budget	% of Budget	
Ordinary Income/Expense
Income				
363.100 • O & M Assessments	154,975.67		163,668.00		-8,692.33		94.69%	
363.810 • Debt Assessments	453,898.82		479,724.00		-25,825.18		94.62%	
363.820 • Debt Assessment-Paid To Trustee	-432,627.89		-460,535.00		27,907.11		93.94%	
363.831 • Discounts For Early Payments	-24,033.75		-25,736.00		1,702.25		93.39%	
369.401 • Interest Income	3,274.14		600.00		2,674.14		545.69%	
Total Income	155,486.99		157,721.00		-2,234.01		98.58%	
Expense								
511.122 • Payroll Expense	133.05		560.00		-426.95		23.76%	
511.131 • Supervisor Fee	600.00		7,000.00		-6,400.00		8.57%	
511.305 • Maintenance/Contingency	0.00		7,500.00		-7,500.00		0.0%	
511.310 • Engineering	0.00		10,000.00		-10,000.00		0.0%	
511.311 • Management Fees	15,890.00		38,136.00		-22,246.00		41.67%	
511.312 • Secretarial Fees	1,750.00		4,200.00		-2,450.00		41.67%	
511.315 • Legal Fees	2,492.50		8,500.00		-6,007.50		29.32%	
511.318 • Assessment/Tax Roll	0.00		3,000.00		-3,000.00		0.0%	
511.320 • Audit Fees	0.00		3,500.00		-3,500.00		0.0%	
511.330 • Arbitrage Calculation Rprt Fee	0.00		650.00		-650.00		0.0%	
511.450 • Insurance	7,202.00		7,400.00		-198.00		97.32%	
511.480 • Legal Advertisements	0.00		1,200.00		-1,200.00		0.0%	
511.512 • Miscellaneous	70.82		850.00		-779.18		8.33%	
511.513 • Postage and Delivery	2.76		275.00		-272.24		1.0%	
511.514 • Office Supplies	64.60		625.00		-560.40		10.34%	
511.515 • Website Management Fees	520.85		1,250.00		-729.15		41.67%	
511.540 • Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.732 • Reserve/Contingency	0.00		51,300.00		-51,300.00		0.0%	
511.733 • Trustee Fees	0.00		4,100.00		-4,100.00		0.0%	
511.735 • County Appraiser & Tax Coll Fee	6,968.41		7,500.00		-531.59		92.91%	
Total Expense	35,869.99		157,721.00		-121,851.01		22.74%	
Net Ordinary Income	119,617.00		0.00		119,617.00		100.0%	
Net Income	119,617.00		0.00		119,617.00		100.0%	

Bank Balance As Of 2/28/25	$	279,467.75	
Accounts Payable As Of 2/28/25	$	18,950.10	
Accounts Receivable As Of 2/28/25	$	-	
Reserve/Contingency Funds As Of 2/28/25	$	54,600.00	
Total Fund Balance As Of 2/28/25	$	205,917.65