Rolling Oaks Community Development

District

Agenda

February

21,

2019

A

G-E

N

DA

Rolling

Oaks

Community Development District

135

W.

Central Blvd., Suite 320, Orlando, Florida 32801 Phone: 407-841-5524- Fax: 407-839-1526

February

14, 2019

Board

of

Supervisors

Rolling Oaks Community

Development District

Dear

Board

Members:

The meeting will be held Center, 7715 the meeting:

of the Board of Supervisors of Rolling Oaks		
Thursday,	at 12:00	Community Development District		
		PM at the		
February 21, 2019				
		Heritage Crossing Community		
Heritage Crossing Way, Reunion, Florida.		
		Following is the advance agenda for		

1.

2.

3.

4.

5.

6.

7.
8.

9.

Roll Call			
Public Comment Period		
Approval of	Minutes of the		
		December 13, 2018 Meeting		
Ratification of Series 2016 Requisition #3		
Ratification of Series 2018 Requisition #1		
Staff Reports			
A.	Attorney		
B.	Engineer		
C.	District Manager's Report		
			
	i.	Approval of Check Register		
	ii.			
		Balance Sheet and Income Statement		
Supervisor's			
	Requests		
Next Meeting Date		
Adjournment		

The second order where the public

of		
business of the Board of Supervisors meeting is the Public Comment Period	
has an opportunity	to be heard on propositions coming before the Board as	

reflected

on

the

agenda,

and

any

other

items.

The third order of business is approval of the minutes of the Supervisors meeting. The minutes are enclosed for your review.

December 13, 2018 Board

of

The	fourth	order  of  business		
				
requisition is enclosed for your		

is ratification review.

of

Series  2016  Requisition  #3.	A

copy

of

the

The fifth order is enclosed for

of business is your review.

ratification

of

Series 2018 Requisition #1.

A

copy

of

the

requisition

The sixth order of business is Staff Reports. includes the check register being submitted income statement for your review.

Section C is the District Manager's Report. Section 1 for approval and Section 2 is the balance sheet and

The balance of the agenda will questions, please contact me.

be

discussed

at

the meeting.

In the

meantime,

if

you

have

any

Sincerely,

George S. Flint

District Manager

CC:	Mark Straley, District Counsel Dave Schmitt, District Engineer Steve Sanford, Bond Counsel Jon Kessler, Underwriter Robert Smith, Trustee

Enclosures

M INUTES

	MINUTES OF MEETING			
ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT		
The  regular  meeting	of the  Board  of  Supervisors  of the	Rolling  Oaks  Community		
				
Development District was held Thursday, December 13, 2018 at 1 :3 0 p.m. at the Heritage Crossing		
Community Center, 7715 Heritage Crossing Way, Reunion, Florida.			
Present and constituting a quorum were:			
John Chiste	Chairman by telephone		
Jared Bouskila	Vice Chairman			
Cora DiFiore	Assistant Secretary by telephone		
Peter Brown	Assistant Secretary			
Samir Y ajnik	Assistant Secretary			
Also present were:				
George Flint	District Manager			
Vivek Babbar	District Counsel by telephone		
Bruce Taylor	District Engineer by telephone		

FIRST

ORDER

OF

BUSINESS

Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND

ORDER

OF

BUSINESS

Public Comment Period

There being none, the next item followed.

TIDRD

ORDER

OF BUSINESS

Approval of	the	Minutes of the November 8,	
2018  Board	of	Supervisors  Meeting  and	
Acceptance	of  the	August  16,  2018  Audit	
Committee Meeting Minutes	

On MOTION by Mr. Brown seconded by Mr. Yajnik with all in favor the minutes of the November 8, 2018 Board of Supervisors meeting were approved as presented and the August 16, 2018 Audit Committee meeting minutes were accepted.

FOURTH

ORDER

OF

BUSINESS

Consideration	of

Approval of Rolling

Resolution 2019-02 Oaks Phase 6 Plat

December 13, 2018	Rolling Oaks CDD		
			
Mr. Babbar stated this resolution approves the	plat in substantial form		
proposed Phase 6			
and			
authorizes the Chair or Vice Chair to execute the plat and any documents necessary to carry		
out the intent of the plat as well.  There is ajoinder and consent portion of it; it is a requirement of		
Osceola			
County to have this put in resolution form.  The plat is in substantial form, there will be		
modifications to  it and subject to  the  District Engineer and  staff the	Chair or Vice  Chair is		
authorized to execute the plat without coming back to the board.			
Mr. Chiste left the telephone conference during this item.			

On MOTION by Mr. Bouskila seconded by Mr.

in favor Resolution 2019-02 was approved.

Brown

with

all four

Mr.

Chiste

rejoined

the

telephone conference at this time.

FIFTH ORDER OF BUSINESS	Staff Reports	
A.	Attorney		
There being none, the next item followed.	

B.

Engineer

There being none, the next item followed.

C.

Manager		
i.	Approval of Check Register		
			
On MOTION by Mr. Chiste seconded by Mr. Bouskila with all in		
favor the check register was approved.		

ii.	Balance Sheet and Income Statement

A copy

of

the

balance sheet and income

statement

were

included

in

the agenda package.

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

SEVENTH ORDER

OF

BUSINESS

Next Meeting Date

Mr.

Flint stated

the

next

meeting is scheduled for January

10

1h,

2019.

2

December 13, 2018	Rolling Oaks CDD		

On MOTION by favor the meeting

Mr. Bouskila seconded adjourned at 12:07 p.m.

by

Mr.

Brown

with

all in

Secretary/Assistant Secretary	Chairman/Vice Chairman	

3

SECTION IV

ROLLING OAKS

SPECIAL

COMMUNITY

~ESSMENT

DEVELOPMENT DISTRICT BONDS, SERIES 2016

(Acqul.sitlon

and

Construction)

The	undersigned,	a												
Distrfot	(the	''District")		Responsible	Officer of the	Rolling Oaks	Community	Development		
				hereby submits						
					the following						
						requisition for	disbursement	under and		
pursuant to	the tenns of							
		the Master									
									Regions Bank, as		
trustee	(the	"Trustee"),	dated	Trust Indenture between the District and			
				as of											
															
Supplemental			November	1, 2016, as supplemented by	that certain First		
			dated as of				
			Trust Indenture			2016	(collectively, the "'Indenture") (all		
capitalized						November 1,				
	terms llsed							to such term in the				
			herein shall have the meaning ascribed					
													Indenture)!		

(A)

Requisition

Number:

.3

(B)

(C)

(D)

(E)

Identify						
Acquisition	if				
	Agreement,					
		applicable:				
Name of Payee pursuant to					
	Acquisition				
		Agreement:			
Splendid. LLC			Rolling Ogles			
						
Amount	i I.J ~. ~ 7;,/,	3 2				
Payable:						
Pmpose for which paid or		to specific contract if amount is due		
	incurred (refer also			
and payable pursuant to a contract involving progress			
			payments):			
Completed public facility roadway. drainage and utility			
			infrastructure		
as				construction		
summarized below:					

===HR.ol=ng~O~aks~ ------- ~S

See attached for backup

/.:52,

IL

7if.

J

:Z.

(F)

Fund or Account and	be made:		
			subaccount, if any, from which disbursement 1o			
Series	2016	Acqutsttlon and			
			Construction			
			Account of the			
Construction Fund	Acquisition and		

The

undersigned

hereby

certifies

that:

1.

2.

3.

obligations in the stated							
		amount set forth above have been incurred by the District;		
each	disbursement	set forth above is	a ptoper	charge	against the	Series	2016		
									
Acquisition								

	and Const.							
		ruction Account;							
each	disbursement	set forth above was	incurred in connection with the			
						
and/or					acquisition		
	construction of the Project, and							

4.

each

paid.

disbursement

represents

a

Cost

of

the

Project

which

has not

previously

been

The	undersigned hereby further certifies that there has not been	filed	with or served	upon the		
						
District				to receive		
	notice of any lien, right to lien, or attachinent upon, or claim affecting the right			
payment of, any of the moneys payable to the Payee set forth above, wlµch	has not been released		
or will not be released simultaneously with the payment hereof.						

The undersigned hereby further certifies that payment on account of any retained percentage entitled to retain.

such requisition which the District

contains is at the

no date

item representing of such certificate

Originals respect to

of the which

invoice(s) from the vendor of the property acquired or the services disbursement is hereby requested are on file with the District.

rendered

with

ROLLING OAKS

DEVELOPMENT

COMMUNITY

TRICT

CONS:t.JLTING

ENGINEER'S

/ - 2  tr-/

APPROVAL

f

The undersigned Consultipg Engineer hereby certifies that this disbursement is for Project and is consistent with: (i) the Acquisition Agreement; and (ii) the report of Engineer, as such report shall have been amended or modified.

the Cost of the the Consulting

2

Rolling Oaks

COD

- Applicable Contracts

Subcontractor

JEM

TOTAL

Phase

Area

SA

Value	of Work Performed	
$	209,650.23	
$	209,650.23	

SECTION

V

ROLLING OAKS

SPECIAL

COMMUNITY .DEVELOPMENT DISTRICT ASSESSMENT BONDS, SERIES 2018

(Acquisition

and

Construction)

The under~gned,	a Responsible	Officer	of the Rolling Oaks	Community Development		
District	(the "District")						
		hereby submits the following requisition for disbursement under and		
pursuant to	the terms of			
		the									
trustee	(the			Master Trust Indenture between the District and Regions Bank, as		
		''Trustee»). dated as of November	1, 2016, as supplemented by	that certain First		
						
Supplemental Trust Indenture			1, 2016, and further_ supplemented by	that		
certain	Second		dated as of November				
		Supplemental Trust .			as  of October		1, 2018				
				Indenture dated				(collectively,	the		
"Indenture") (all capitalized									
				terms used herein shall							
Indenture):					have the meaning	ascribed to such tenn in the		

(A)

(B)

(C)

(D)

(E)

Requisition Number:	#1					
Identify Acquisition						
	Agreement, if applicable:				
Name of Payee pursuant to Acquisition				
Splendid, LLC			Agreement: Rolling Oaks			
							
Amount	$4	,190	,806.93				
Payable:							
Purpose for which paid or incurred	to specific contract	if amount is due		
and		to a	(refer also				
payable pursuant						
		contract involving				
			progress payments):			
Completed							
public facility roadway, drainage and utility infrastructure construction		
as							
summarized below:					

Rolling Oaks

See attached for backup

$4,190,806.93

(F)

Fund or Account and subaccount, if any, from which disbursement to be made:

Series 2018 Acquisition and Construction Account of the Acquisition and Construction Fund.

The

undersigned

hereby

certifies

that:

1.

2.

3.

obligations in the stated amount set forth above have been		
			incurred by the District;		
each	disbursement set  forth  above is	a	proper charge against the Series 2018		
					
Acquisition and Construction Account;				
each disbursement set forth above was incurred in connection		
and/or		with the acquisition		
	construction of the Project; and				

4.

each disbursement paid.

represents

a

Cost

of

the

Project which

has

not

previously been

The								
undersigned hereby further certifies that there has not					
District			been filed with or	served upon the		
		attachment upon, or					
notice of any lien, right to lien, or						
payment of, any	of the		claim affecting the right to receive		
	moneys payable to the Payee set forth					
or will not be released		above, which has not been released		
	simultaneously with the payment hereof.					
The undersigned hereby further  certifies	that  such	requisition  contains	no	item representing		
payment on account of any retained						

	percentage which the	date of		
			District is at the			
entitled to retain.						such certificate		
								
Originals of the								
invoice(s) from the							
	vendor of the property acquired or the	services rendered with		
respect to which disbursement is hereby					
	requested are on file					
			with the District.				

ROLLING

OAKS

COMMUNITY

DEVELOPMENT D

TRICT

By:

CONSULTING

ENGINEER'S

APPROVAL

The			
undersigned Consulting Engineer hereby certifies that this	disbursement is for		
Project and is			
consistent with: (i) the Acquisition Agreement;			
and (ii) the report of		
Engineer, as such report shall have been			
amended or modified.			

the Cost of the the Consulting

z.

-,.~,

q

2

~01ra,tor	llwo!ce			
JEM		5423			
					
JEM		5502			
					
JEM		5505			
JEM					
		5506				
						
JEM		5518				
JEM						
		5527				
JEM						
		S533				
						
JEM		5S50				
JEM						
		5552				
						
JEM		5559				
JEM						
		55(i0				
JEM		5565				
						
JEM		5S69				
JEM		5581				
						
JEM		S596				
						
Assured							
Brlghtvlew	Pay	App	1		
						
		Pay	App	2		
		Pay	App	3		
		PayApp4		
Boykin		Phase	7			
						
		Phase	7			
		Phase 7			
		Phase	8			
		Phase	8			
		Phase	8			
Multiple	(see backup)					
DSE							
DSE							
DSE							
DSE							
OSE							
OSE							
DSE							
		Total					

	,1.2.Q					
	Install	6"	sewer lateral		
	excavate	pond		
	South	roundabout		
	excavate	pond		
	excavate	pond		
	Guard	house sleeve crossing		
				
	Bulkhead	Removal		
	excavate pond		
	Asphalt	Installation		
	Install					
	base and asphalt		
	Storm drain		
	Flow testing		
	Excavate pond		
	relocate	se.wer forcemain		
	Pond 4				
		Excavation		
	Subtotal				
	Pond penetrations		
	Subtotal				
	Landscape		
	Landscape		
	Landscape		
	Landscape			
	Subtotal				
	Mass Grade		
	Mass Grade		
	Mass Grade		
	Mass Grade		
	Mass Grade		
	Mass~rade		
	Subtotal				
	Gatehouses		
6778	Phase lA				
6649	COD report		
6S27	COD report		
6451 Phase lA				
6069	COD report			
6068	Phase lA				
6029 Phase lA				
	Subtotal					

Airuu!.!l!		
$	16,875.00		
$	479,773.50		
$	51,305.00		
$	225,096.41		
			
$	435,762.56		
$	5,222.00		
$			
	14,S00..00		
$	570,594.42		
$	181,850,00		
$	181,850.00		
$			
	193,856,90		
			
$	2,825.00		
$	335,755.12		
$	27,121.40		
$	257,044.75		
$ 2,979,432.06		
$	14,023.20		
$	14,023.20		
$	59,360.10		
$	59,360.10		
$	62,140.23		
$	260,188.47		
$	441,048.90		
			
$	95,687,23		
$	16,525.75		
·$	107,303.22		
			
$	95,687.23		
$	16,525.81		
$	107,303.17		
s	439,032.41		
$	307,457.44		
$	406.25		
$			
	895.00		
$			
	1,580.00		
			
$	1,457.47		
			
$	600.00		
$	2,459..20		
$	2,415.00		
$	9,812.92		
$ 4,190,806,93		

SECTION

VI

SECTION

C

SECTION

1

Fund

General Fund

Rolling Oaks	
Community Development District	
Summary of Check Register	
January 1, 2019	to January 31, 2019	
Date	CheckNo.'s	
1/9/19	144	
1/16/19	145	
1/23/19	146	

$

$
$

$

$

AmOWlt	I		
			
3,591.09			
327.59			
54,643.87			
58,562.55			
ss,s62.ss	1		

AP300R			YEAR-TO-DATE	ACCOUNTS  PAYABLE  PREPAID/COMPUTER	CHECK	REGISTER		
*** CHECK  DATES							
	01/01/2019  -   01/31/2019  ***	ROLLING	OAKS  GENERAL	FUND				
				BANK  A	GENERAL  FUND					
CHECK	VEND#	••••• INVOICE •••••	.•• EXPENSED							

RUN	2/14/19	PAGE	1		

DATE	DATE	INVOICE	YRMO	DPT	TO •••	SUB	VENDOR	NAME	STATUS		
					ACCT#		SUBCLASS				

AMOUNT

•••• CHECK .•..•
AMOUNT	#

1/09/19	00001	

1/01/1955	201901	310-51300-34000		
MANAGEMENT  FEES-JAN19		
1/01/1955	201901	310-51300-35100		
INFORMATION  TECH-JAN19		
1/01/1955	201901	310-51300-31300		
DISSEMINATION	FEE-JAN19		
1/01/1955	201901	310-51300-51000		
OFFICE	SUPPLIES-JAN19		
1/01/1955	201901	310-51300-42000		
POSTAGE-JAN19			
1/01/1955	201901	310-51300-42500		
COPIES-JAN19	GOVERNMENTAL		

MANAGEMENT

SERVICES

*

*

*

*

*

*

2,916.67	
50.00	
583.34	
17.	71	
8.67	
14.70	

3,591.09	000144	

1/16/19	00008	
1/23/19	00013	

1/09/19	2018299	201901  310-51300-49100					
	2018	TAX	ROLL/SET	UP					
				OSCEOLA	COUNTY	PROPERTY	APPRAISER		

1/17/19	01172019  201901  300-20700-10300						
	FY19	DEBT	SERVICE	SER2016						
				ROLLING	OAKS	COD	C/0	REGIONS	BANK	

*

*

327.59

327.59	000145	
54,643.87		
54,643.87	000146	

TOTAL	FOR	BANK	A

TOTAL	FOR	REGISTER

58,562.55

58,562.55

ROAK

ROLLING

OAKS

APEREGRINO

SECTION

2

•

•

•	•	•

e..,.'

Ce
'i,
Ce	e'>•

e :eee:e
e	•	•

•

•

•

•

•

Rolling Oaks

Community Development District

Unaudited Financial Reporting

January 31, 2019

•

..

•	•

•

•	•

•

•

•

•

1

2

3

4

5

6

7

8

9

10

11-12

13

Table of Contents

Ba la nee Sheet

General Fund Income Statement

Series 2016 Debt Service Income Statement

Series 2018 Debt Service Income Statement

Series 2016 Capital Projects Income Statement

Series 2018 Capital Projects Income Statement

Month to Month

Developer Contributions Schedule

Long Term Debt Summary

Assessment Receipt Schedule

Series 2016 Construction Schedule

Series 2018 Construction Schedule

ROLLING OAKS

COMMUNITY DEVELOPMENT DISTRICT

BALANCE SHEET

January 31, 2019

ASSETS:

CASH

INVESTMENTS

SERIES 2016

REVENUE

RESERVE

INTEREST

CAPITALIZED INTEREST

SINKING FUND

CONSTRUCTION

COSTS OF ISSUANCE

SERIES 2018

General

Fund

$40,188

Debt Service

Fund

$228,848

$1,132,426

$51

$0

$25

Capital Projects

Fund

$132,418

$0

Totals

$40,188

$228,848

$1,132,426

$51

$0

$25

$132,418

$0

REVENUE

RESERVE

CAPITALIZED INTEREST

CONSTRUCTION

COSTS OF ISSUANCE

TOTAL ASSETS

LIABILITIES:

ACCOUNTS PAYABLE

FUND EQUITY:

FUND BAlANCES:

$902,679

$690,159

$40,188	$2,954,188	

$11,131,999

$5,100

$11,269,518

$0

$902,679

$690,159

$11,131,999

$5,100

$14,263,894

$0

RESTRICTED FOR DEBT 2016

RESTRICTED FOR DEBT 2018

RESTRICTED FOR CAP PROJECTS 2016

RESTRICTED FOR CAP PROJECTS 2018

UNASSIGNED

TOTAL  LIABILITIES & FUND EQUITY

	$1,361,350		
	$1,592,838		
		$132,418	
		$11,137,099	
$40,188			
$40,188	$2,954,188	$11,269,518	

$1,361,350

$1,592,838

$132,418

$11,137,099

$40,188

$14,263,894

REVENUES:

ASSESSMENTS

DEVELOPER CONTRIBUTIONS

TOTAL REVENUES

EXPENDITURES:

ADMINISTRA Tl VE:

ROLLING OAKS

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND

Statement of Revenues & Expenditures

For The Period Ending January 31, 2019

ADOPTED	PRORATED BUDGET

BUDGET	1/31/19

$131,000	$46,179

$225,000	$75,000

$356,000	$121,179

ACTUAL

1/31/19

$46,179

$19,110

$65,289

VARIANCE

so

($55,890)

($55,890)

SUPERVISORS FEES	
FICA EXPENSE		
ENGINEERING		
ATTORNEY		
ARBITRAGE		
DISSEMINATION	
ASSESSMENT ADMINISTRATION	
ANNUAL AUDIT		
TRUSTEE FEES		
MANAGEMENT	FEES	
INFORMATION	TECHNOLOGY	
TELEPHONE		
POSTAGE		
INSURANCE		
PRINTING & Bl NDI NG	
LEGAL ADVERTISING	
OTHER CURRENT CHARGES	
PROPERTY APPRAISER FEE	
OFFICE SUPPLIES	
DUES, LICENSE & SUBSCRIPTIONS	
TOTAL ADMINISTRATIVE	
MAINTENANCE:		
LANDSCAPE/LAKE MAINTENANCE	
UTILITIES		
CONTINGENCY		
TOTAL MAINTENANCE	
TOTAL EXPENDITURES	
EXCESS REVENUES (EXPENDITURES)	
FUND BALANCE. Beginning	
FUND BALANCE• Ending	

$12,000

$918

$12,000

$25,000

$600

$3,500

$10,000

$5,000

$4,000

$35,000

$600

$300

$1,212

$6,350

$1,200

$2,000

$500

$0

$300

$175

$120,655

$175,000

$50,000

$10,345

$235,345

$356,000

$0

$0

$0

$4,000

$306

$4,000

$8,333

$0

$1,167

$10,000

$0

$0

$11,667

$200

$100

$404

$6,350

$400

$667

$167

$0

$100

$175

$48,035

$58,333

$16,667

$3,448

$78,448

$126,483

$1,800

$138

$0

$1,004

$0

$1,458

$10,000

$0

$0

$11,667

$200

$27

$210

$5,750

$122

$0

$0

$1,368

$54

$175

$33,972

$0

$0

$0

so

$33,972

$31,317

$8,871

$40,188

$2,200

$168

$4,000

$7,329

so

($292)

$0

$0

$0

($0)

$0

$73

$194

$600

$278

$667

$167

($1,368)

$46

$0

$14,063

$58,333

$16,667

$3,448

$78,448

$92,511

2

REVENUES:

ASSESSMENTS - TAX ROLL

ASSESSMENTS- DIRECT

INTEREST

TOTAL REVENUES

EXPENDITURES:

Serles 2016

ROLLING OAKS

COMMUNITY DEVELOPMENT DISTRICT

DEBT SERVICE FUND

Statement of Revenues & Expenditures

For The Period Ending January 31, 2019

ADOPTED	PRORATED BUDGET

BUDGET	1/31/19

$S89,501	$207,774

$S34,800	$267,400

$2,500	$2,500

$1,126,801	$477,674

ACTUAL		
1/31/19	VARIANCE	
$207,774	$0	
$0	($267,400)	
$8,042	$5,542	
$215,816	($261,858)	

INTEREST-11/01

PRINCIPAL-11/01

INTEREST - 05/01

TRANSFER OUT (IN)

TOTAL EXPENDITURES

EXa5S REVENUES (EXPENDITURES)

FUND BALANCE- Beginning

FUND BALANCE• Ending

$450,378

$220,000

$445,428

$0

$1,115,806

$10,995

$688,463

$699,458

$450,378

$220,000

$0

$0

$670,378

$450,378

$220,000
so

$9,330

$679,709

($463,893)

$1,825,243

$1,361,350

($0)

$0

$0

($9,330)

($9,331)

3

REVENUES:

BOND PROCEEDS

INTEREST

TOTAL REVENUES

EXPENDITURES:

Series2018

INTEREST - 05/01

TOTAL EXPENDITURES

EXCESS REVENUES (EXPENDITURES)

FUND BAlANCE - Beginning

FUND BAlANCE - Ending

ROLLING OAKS

COMMUNITY DEVELOPMENT DISTRICT

DEBT SERVICE FUND

Statement of Revenues & Expenditures

For The Period Ending January 31, 2019

ADOPTED	PRORATED BUDGET

BUDGET	1/31/19

$0	$0

$0	$0

$0	$0

$0	$0	
$0	$0	
$0		
$0		
$0		

ACTUAL		
1/31/19	VARIANCE	
$1,587,814	$1,587,814	
$5,024	$S,024	
$1,592,838	$1,592,838	

$0	$0	
$0	$0	

$1,592,838

$0

$1,592,838

4

REVENUES:

INTEREST

TOTAL REVENUES

EXPENDITURES:

Series201&

CAPITAL OUTLAY -CONSTRUCTION TRANSFER our (IN)

TOTAL EXPENDITURES

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE- Beginning

FUND BALANCE- Ending

ROLLING OAKS

COMMUNrTY DEVELOPMENT DISTRICT

CAPITAL PROJECTS FUND

Statement of Revenues & Expenditures

For The Period Ending January 31, 2019

ADOPTED	PRORATED BUDGET

BUDGET	1/31/19

$0	$0

$0	$0

$0	$0	
$0	$0	
$0	$0	
$0		
$0		
$0		

ACTUAL		
1/31/19	VARIANCE	
$873	$873	
$873	$873	

$0	$0	
($9,330)	$9,330	
($9,330)	$9,330	
$10,204		
$122,215		
$132,418		

5

REVENUES:

BOND PROCEEDS

INTEREST

TOTAL REVENUES

EX PENptTURES:

Serles2018

CAPITAL OUTLAY - CONSTRUCTION

CAPITAL OUTLAY-COST OF ISSUANCE

TOTAL EXPENDITURES

EXCESS REVENUES (EXPENDITURES)

FUND BALANCE-Beginning

FUND BALANCE-Ending

ROLLING OAKS

COMMUNITY DEVELOPMENT DISTRICT

CAPITAL PROJECTS FUND

Statement of Revenues & Expenditures

For The Period Ending January 31, 2019

ADOPTED	PRORATED BUDGET

BUDGET	1/31/19

$0	$0

$0	$0

$0	$0

$0	$0	
$0	$0	
$0	$0	
$0		
$0		
$0		

ACTUAL		
1/31/19	VARIANCE	
$11,572,186	$11,572,186	
$3S,113	$35,113	
$11,607,299	$11,607,299	

$0	$0	
$470,200	{$470,200)	
$470,200	($470,200)	
$11,137,099		
$0		
$11,137,099		

6

.BEllUilllli

ASSESSMENTS

DEVELOPER CONTRIBUTIONS

TOTAL REVENUES

EXPENPIIYBES·

AQM/NtSZJ!ApVE·

I

Oct

$0

$19,110

$19,U O

Nov

$0

$0

so

	Dec	
$45,666	
	$D	
$4	5,666	

	ROLLING OAKS			
Community Development District			
Jan	Feb	Mar	Aer		
					
$513	$0	$0	$0		
$0	$0	$0	$0		
$513	so	$0	$0		

Mal

$0

$0

so

Jun

$0

$0

$0

Jul

$0

$D

$0

Au!

$0

$0

so

- See	Total			
				
$0	$46,179			
$D	$19,110			
$0	$65,289	1		

SUPERVISOR FEES	
FICA EXPENSE	
ENGINEERING	
ATTORNEY	
ARBITRAGE	
DISSEMINATION	
ASSESSMENT ADMINISTRATION	
ANNUAL	AUDIT	
TRUSTEE	FEES	
MANAGEMENT FEES	
INFORMATION TECHNOLOGY	
TELEPHONE	
POSTAGE		
INSURANCE	
PRINTING & BINDING	
LEGAL ADVERTISING	
OTHER CURRENT CHARGES	
PROPERTY APPRAISER FEE	
OFFICE SUPPLIES	
DUES, LICENSES & SUBSCRIPTIONS	
TOTAL ADMINISTRATIVE	
MAINTENANCE;	
LANDSCAPE/LAKE MAINTENANCE	
UTILITIES		
CONTINGENCY	
TOTAL MAINTENANCE	
TOTAL EXPENDITURES	
EXCESS REVENUES (EXPENDITURES)	

I

I

I

I

$0	$800		
$0	$61		
$0	$0		
$30	$344		
$0	$0		
$292	$292		
$10,000	$0		
$0	$0		
$0	$0		
$2,917	$2,917		
$50	$50		
$0	$27		
$8	$126		
$5,750	$0		
$75	$0		
$0	$0		
$0	$0		
$0	$0		
$18	$0		
$175	$0		
$.19,315	$4,616		
$0	$0		
$0	$0		
$0	$0		
~	$0		
			
~19.315	$4,616		
1szos)	!$4,6161		

$1,000

$77

$0

$630

$0

$292

$0

$0
so

$2,917

$50

$0

$68

$0

$33

$0

$0

$1,040

$18

$0

$6,123

$0

$0

$0

$0

$6,123

$39,543

$0

$0

$0

$0

$0

$583

$0

$0

$0

$2,917

$50

$0

$9

$0

$15

$0

$0

$328

$18

$0

$3,919

$0

$0

$0

$0

$3,919

($3,405)

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

so

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0	$1,800			
$0	$13B			
so	$0			
$0	$1,004			
so	$0			
$0	$1,458			
$0	$10,000			
$0	$0			
$0	$0			
$0	$11,667			
$0	$200			
$0	$27			
$0	$210			
$0	$5,7SO			
$0	$122			
$0	$0			
$0	$0			
$0	$1,368			
$0	$S4			
$0	$175			
$0	$33,972	1		
$0	$0			
$0	$0			
$0	$0			
$0	so	I		
				
$0	$33,972	1		
$0	$31,317	1		

7

Funding

Request

#

Prepared

Date

Payment

Received

Date

ROLLING OAKS

Community Development District

Developer Contributions/Due from Developer

Check	Total

Amount	Funding

Request

General

Fund

Portion (18)

General

Fund

Portion (19}

Over and

(short)

Balance Due

11

12

1

8/27/18

9/27/18

10/4/18

9/24/18

10/25/18

10/25/18

$	13,368.23	$	13,368.23	$	7,618.23	$	5,750.00	$	
$	14,474.80	$	14,474.80	$	4,474.80	$	10,000.00	$	
$	6,510.03	$	6,510.03	$	3,150.39	$	3,359.64	$	

[ Due from Develo1J_er

Total Developer Contributions FY19

*FY18 column does not include Funding

Requests

#1-10.

$

34,353.06

$
-

$

34,35_3.06

19,109.64

$

15,243.42

$

19,109.64

$

8

ROLLING

OAKS

COMMUNITY

DEVELOPMENT

DISTRICT

LONG

TERM

DEBT

REPORT

SERIES

2016,

SPECIAL

ASSESSMENT

BONDS

INTEREST RATES:

MATURITY DATE:

RESERVE FUND DEFINITION

RESERVE FUND REQUIREMENT

RESERVE FUND BALANCE

BONDS OUTSTANDING-12/15/16

LESS: PRINCIPAL PAYMENT 11/1/18

4.	500%,	5.250%, 5.875%, 6.000%	
	11/1/2047	
MAXIMUM ANNUAL DEBT SERVICE	
	$1,124,706	
	$1,132,426	

$15,640,000

($220,000)

CURRENT

BONDS

OUTSTANDING

$15,420,000

SERIES

2018,

SPEQALASSESSMENT

BONDS

INTEREST RATES:

MATURITY DATE:

RESERVE FUND DEFINITION

RESERVE FUND REQUIREMENT

RESERVE FUND BALANCE

4.375%, 4.875%, 5.375%, 5.500%

11/1/2049

MAXIMUM ANNUAL DEBT SERVICE

$899,831

$902,679

BONDS

OUTSTANDING

-11/8/18

$13,160,000

CURRENT

BONDS

OUTSTANDING

$13,160,000

9

ROLLING OAKS

COMMUNITY DEVELOPMENT DISTRICT

Date

Received

Check

No.

Gross Assessments

Received

	SPEOAL ASSESSMENT RECEIPTS • FY2019			
	TAX	COl1£aOR					
		Gross Assessments	$	766,512	$	139,384	
		Net Assessments	$	720,522	$	131,021	
Discounts/	Commissions	Interest	Net Amount	General Fund	
Penalties	Paid	Income		Received		18.18%	

$	627,128	
$	589,501	
	2016	
Debt Svc Fund	
	81.82%	

Total

100%

12/3/18

12/10/18

12/21/18

1/11/19

1/11/19

Totals

33069	$	160,909.10	$	6,436.65	$	3,089.45	$		$	151,383.00	$	27,527.76	$	123,855.24	$	151,383.00	
ACH	$	38,033.06	$	1,521.39	$	730.23	$		$	35,781.44	$	6,506.56	$	29,274.88	$	35,781.44	
ACH	$	67,289.26	$	2,018.63	$	1,305.42	$		$	63,965.21	$	11,631.55	$	52,333.66	$	63,965.21	
ACH	$	2,925.62	$	87.77	$	56.75	$		$	2,781.10	$	505.72	$	2,275.38	$	2,781.10	
ACH	$		$		$		$	42.57	$	42.57	$	7.74	$	34.83	$	42.57	
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$		$		$		$		$		$		$		$		
	$	269,157.04	$	10,064.44	$	5,181.85	$	42.57	$	253,953.32	$	46,179.33	$	207,773.99	$	253,953.32	

		DIRECT	B111£D ASSESSMENTS						
K.HOVNANIAN	AT MYSTIC DUNES LLC			$534,800.00			$534,800.00		
DATE	DUE	otECK		NET		AMOUNT	DEBT SERVICE		
RECEIVED	DATE	NO.		ASSESSED		RECEIVED		2016		
2/7/19	12/1/18	6135	$	267,400.00	$	267,400.00	$	267,400.00		
	2/1/19		$	133,700.00	$	.	$	.		
	5/1/19		$	133,700.00	$	.	$	-		
										
			$	534800.00	$	267,400.00	$	267,400.00		

10

Rolling

Oaks

Community

Development

District

Special Assessment Bonds, Series 2016

Date	R:!uisition #	
Fiscal Year	2017	
7/11/17	
Fiscal Year	2017	
12/1/16	
1/1/17	
2/1/17	
3/1/17	
4/1/17	
5/1/17	
6/1/17	
7/1/17	
8/1/17	
9/1/17	

Contractor	Descrlf!! on

GMS-CF, LLC	lnvoice#29 - FY2017 Construction Accounting

TOTAL

Interest

Interest

Interest

Interest

Interest

Interest

Interest
Interest

Interest

Interest

TOTAL

Acquisition/Construction Fund at 12/15/16

Interest Eamed thru 9/30/17

Requisitions Paid thru 9/30/17

Remaining Acquisition/Construction Fund

Requisitions	
$3,500.00	
$3,500.00			
$0.00	
$0	.00	
$2,331 .71	
$4,531.59	
$5,678.82	
$6,488.93	
$7,085.26	
$8,081.42	
$9,586.41	
$9,956	.28	
$53,740.42			
$13,240,079,92	
$53,740.42	
($3,500.00)	
$13,290,320.	34	

Date		Re~uisition#	
Fiscal Year	2018		
·11/10/17	2	
Flscal Year	2018		

Contractor	Description	Re!!!sltlons		
				
RoYing Oaks Splendid, LLC	Completion of Roadway, Drainage, and Utility Infrastructure	$13,193,249.89		
TOTAL		$13,193,249.89		

10/1/17
11/1/17

12/1/17
1/1/18

2/1/18

3/1/18
4/1/18

5/1/18
5/1/18

6/1/18

7/1/18
8/1/18

9/1/18

Interest

Interest
Interest

Interest
Interest

Interest

Interest

Interest
Excess Reserve Transfer In

Interest

Interest

Interest

Interest

TOTAL

Acquisition/Construction Fund at 09/30/2017

Interest Eamed and Transfer In thru 9/30/18

Requisitions Paid thru 9/30/18

Remaining Acquisition/Construction Fund

$10,212	.06	
$3,048.46	
$85	.93	
$100.50	
$112	.15	
$105	.23	
$129.82	
$140	.72	
$10,455.68	
$166.54	
$171.28	
$185.62	
$187.53	
$25,101.52		
$13,290,320.34	
$25,101.52	
($13,193,249.19)	
$122,171.97	

11

Date	R~ ulsltlan#

Fiscal Year 2019

Fiscal Year 2019

10/1/18
10/1/18

11/1/18

12/1/18

1/2/19

Rolling Oaks

Community Development District

Special Assessment Bonds, Series 2016

Desai~

TOTAL

Interest

Transfer In (Out)

Interest

Interest

Interest

TOTAL

Acquisition/Construction Fund at 09/30/2018

Interest Earned and Transfer In thru 1/31/19

Requisitions Paid thru 1/31/19

Remaining Acquisition/Construction Fund

R:<f!!Sltlons

$0.00

$188.06

$9,373.03

$215 .20

$226.41

$243.68

$10,246.38

$122,171.97

$10,246.38

$0.00

$132,418.35

12

Date	R~ ulsltlon#

Fiscal Year 2019

Fiscal Year 2019
12/3/ 18

1/2/19

Rolling Oaks

Community Development District

Special Assessment Bonds, Series 2018

Contractcr	Oescrl	f:!! 011		
				
TOTAL				
Interest				
Interest				
TOTAL				
	Acquisition/Construction Fund at 11/8/2018			
	Interest Earned 1/31/19			
	R~ltlons hid thnl 1/31/1!1			
	Remaining Acquisition/Construction Fund			

R::lulsltlons

$0.00

$14,627.38

$20,485 .37

$35112.75

$11,096,886.45

$35,112.75

$0.00

$11,131,999.20

13