Rolling Oaks Community Development District

Agenda May 25, 2023

Thursday
Rolling Oaks Community Development District
Meeting Agenda
May 25, 2023	Margaritaville Resort Orlando
1:00 p.m.	8000 Fins Up Circle, Kissimmee, FL 34747

Roll Call
Public Comment Period
Approval of Minutes of the March 23, 2023 Meeting
Consideration of Resolution 2023-06 Approving the Proposed Fiscal Year 2024 Budget and Setting a Public Hearing
Consideration of Resolution 2023-07 Establishing Bank Account Signatories
Consideration of Resolution 2023-08 Appointing an Assistant Treasurer - ADDED
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Number of Registered Voters: 81
Reminder of Form 1 Filing Requirement Deadline: July 1st - ADDED
Supervisor’s Requests
Next Meeting Date – June 22, 2023
Adjournment

!!"#$%&
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, March 23, 2023 at 1:00 p.m. at the Margaritaville Resort Orlando, 8000 Fins Up Circle, Kissimmee, Florida.

Present and constituting a quorum were:

John Chiste	Chairman
Jared Bouskila by phone	Vice Chairman
Cora DiFiore by phone	Assistant Secretary
Peter Brown	Assistant Secretary
Steven Dougherty	Assistant Secretary

Also present were:

George Flint	District Manager
Vivek Babbar by phone	District Counsel
Dave Schmitt by phone	District Engineer

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.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the February 23,
2023 Meeting

March 23, 2023	Rolling Oaks CDD

FOURTH ORDER OF BUSINESS	Consideration of Creative North Lawn &
Landscape Maintenance Agreement
Mr. Flint stated next is the agreement with Creative North for additional ideas for landscaping and there is a map attached to the proposal that shows the areas that are covered by this agreement.
Mr. Brown stated the reason for Creative North is they install it as well and I want to make sure we get a warranty period without finger pointing between multiple landscape companies. At least through the warranty period we would like to use the installer.
Mr. Flint stated we will have to incorporate this into the FY24 budget which starts in October. We will have to look at our per unit assessments that potentially need some adjustment and we will deal with that at the April or May meeting when we present the proposed budget.

FIFTH ORDER OF BUSINESS	Consideration	of	Creative	North	Pond
Mowing Maintenance (Ponds 4 & 5)
Mr. Flint stated item five is pond mowing for ponds 4 & 5. You can probably cover this proposal in the same agreement.

SIXTH ORDER OF BUSINESS	Consideration of Request for Transfer of
Environmental Resource Permit to Operation and Maintenance Entity for Phase 7
Mr. Flint stated when the District was set up one of their primary responsibilities was to maintain the stormwater system and this is transferring the permit for purposes of O&M to the CDD for Phase 7.
March 23, 2023	Rolling Oaks CDD

SEVENTH ORDER OF BUSINESS	Consideration of Request for Transfer of
Environmental Resource Permit to Operation and Maintenance Entity for Phase 8
Mr. Flint stated item seven is the same transfer to the O&M for Phase 8.

EIGHTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-05
Approving the Conveyance of Replat Tracts LS-1 and LS-2 Lift Stations to TOHO
Mr. Babbar stated this is to transfer the lift station and the replat to Toho Water Authority.

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

Engineer
There being none, the next item followed.

Manager
Approval of Check Register

March 23, 2023	Rolling Oaks CDD

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

TENTH ORDER OF BUSINESS	Supervisor’s Requests
There being none, the next item followed.

ELEVENTH ORDER OF BUSINESS	Next Meeting Date – April 27, 2023
Mr. Flint stated the next meeting date is April 27, 2023. Mr. Chiste asked can we move this meeting to 12:15?
Mr. Flint stated we would just have to run the notice. We will move the April 27, 2023 meeting to 12:15 p.m.

TWELFTH ORDER OF BUSINESS	Adjournemnt

Secretary/Assistant Secretary	Chairman/Vice Chairman

!!"#$%&  "#
RESOLUTION 2023-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED OPERATION AND MAINTENANCE BUDGET FOR FISCAL YEAR 2023/2024; SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING, AND PUBLICATION REQUIREMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager prepared and submitted to the Board of Supervisors (“Board”) of the Rolling Oaks Community Development District (“District”) prior to June 15, 2023 a proposed operation and maintenance budget for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Proposed Budget”); and

WHEREAS, the Board has considered the Proposed Budget and desires to approve the Proposed Budget and set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget, including any modifications made by the Board, attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. The public hearing on said Proposed Budget is hereby declared and set for the following date, hour, and location:

DATE:	August 24, 2023

HOUR:	1:00 pm

LOCATION:	Margaritaville Resort Orlando
8000 Fins Up Circle Kissimmee, Florida 34747

TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Osceola County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the Proposed Budget on the District’s website at least 2 days before the budget hearing date and shall remain on the website for at least 45 days.
PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed by Florida law.

EFFECTIVE DATE.	This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED ON MAY 25, 2023.

Attest:	Rolling Oaks Community
Development District

Print Name:		Print Name:	 Secretary / Assistant Secretary		Chair/Vice Chair of the Board of Supervisors

Exhibit A:	Proposed Budget for Fiscal Year 2023/2024

Rolling Oaks
Community  Development  District

Proposed Budget
FY2024

Table of Contents

1-2	General Fund	

3-6	

General Fund Narrative	

7	

Series 2016 Debt Service Fund	

8	

Series 2016 Amortization Schedule	

9	

Series 2018 Debt Service Fund	

10	

Series 2018 Amortization Schedule	

11	

Series 2022 Debt Service Fund	

12-13	

Series 2022 Amortization Schedule	
Rolling Oaks
Community Development District Proposed Budget
General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2023	4/30/23	5 Months	9/30/23	FY2024		

Revenues						
Assessments	$539,586	$447,128	$92,459	$539,586	$813,131	
Developer Contributions	$45,457	$59,750	$0	$59,750	$0	
Total Revenues	$ 585,044	$	506,877	$	92,459	$	599,336	$	813,131	

Expenditures						
Administrative
Supervisor Fees	
$12,000	
$4,000	
$5,000	
$9,000	
$12,000	
FICA Expense	$918	$306	$383	$689	$918	
Engineering	$10,000	$200	$4,614	$4,814	$10,000	
Attorney	$15,000	$1,845	$3,690	$5,535	$15,000	
Arbitrage	$1,350	$900	$450	$1,350	$1,350	
Dissemination	$8,000	$4,500	$3,333	$7,833	$8,000	
Assessment Administration	$10,000	$10,000	$0	$10,000	$10,000	
Annual Audit	$3,675	$0	$3,675	$3,675	$5,000	
Trustee Fees	$11,041	$7,000	$4,041	$11,041	$11,041	
Management Fees	$37,853	$22,081	$15,772	$37,853	$40,124	
Information Technology	$1,000	$583	$417	$1,000	$1,250	
Website Maintenance	$594	$347	$247	$594	$743	
Telephone	$100	$0	$50	$50	$100	
Postage	$800	$196	$400	$596	$800	
Insurance	$7,686	$6,885	$0	$6,885	$7,918	
Printing & Binding	$800	$104	$275	$379	$800	
Legal Advertising	$2,000	$250	$1,750	$2,000	$2,000	
Other Current Charges	$2,000	$277	$198	$475	$2,000	
Office Supplies	$130	$2	$50	$52	$130	
Property Appraiser Fee	$300	$347	$0	$347	$350	
Property Taxes	$80	$10	$0	$10	$80	
Meeting Room	$1,674	$284	$709	$993	$1,701	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
 Administrative Expenditures	$ 127,176	$	60,292	$	45,053	$	105,345	$	131,480	
Rolling Oaks
Community Development District Proposed Budget
General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2023	4/30/23	5 Months	9/30/23	FY2024		

Field Operations						
Property Insurance	$8,718	$7,889	$0	$7,889	$15,384	
Electric	$9,689	$6,461	$4,615	$11,076	$16,614	
Streetlights	$112,151	$61,347	$44,244	$105,591	$183,496	
Utilities- Water& Sewer	$85,000	$67,855	$54,464	$122,319	$172,192	
Landscape Maintenance	$113,400	$69,175	$44,225	$113,400	$173,088	
Landscape Enhancements	$50,000	$0	$0	$0	$50,000	
Landscape Irrigation	$6,500	$1,960	$1,633	$3,593	$6,500	
Lawn Mowing/Trimming	$27,720	$12,600	$11,000	$23,600	$12,000	
Lake Maintenance	$37,321	$27,421	$18,538	$45,960	$45,007	
Contingency	$7,370	$675	$3,025	$3,700	$7,370	
 Field Operations Expenditures	$ 457,868	$	255,383	$	181,745	$	437,128	$	681,652	
						
Total Expenditures	$ 585,044	$	315,675	$	226,798	$	542,473	$	813,131	
						
Excess Revenues/(Expenditures)	$	-	$	191,203	$	(134,339)	$	56,863	$	-	

FY2024	
				Net Assessments	$813,131	
Add: Discounts & Collections 		$51,902	 Gross Assessments 	$865,033	

Product	
ERU's	Assessable Units	
ERU/Unit	
Net Assessment  Net Per Unit	
Gross Per Unit	
Single Family	663.00	663	1.00	$397,864.32	$600.10	$638.40	
Condo	516.00	645	0.80	$309,650.06	$480.08	$510.72	
Apartment	176.00	352	0.50	$105,617.07	$300.05	$319.20	
	1355.00	1660		$813,131.45		

Product	FY2024 Gross Per Unit	FY2023 Gross Per Unit	
Increase			
Single Family	$638.40	$	532.00	$	106.40			
Condo	$510.72	$	425.60	$	85.12			
Apartment	$319.20	$	266.00	$	53.20			
Rolling Oaks
Community Development District
General Fund Budget

REVENUES:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

Developer Contributions

The District will enter into a Deficit Funding Agreement with the Developer to fund any General Fund expenditures remaining once all assessment funds have been utilized.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to received $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from the Board of Supervisor checks.

Engineering

The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review of invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2016, Series 2018, and Series 2022 Special Assessment Revenue Bonds.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues.

Assessment Administration

The District has contracted with Governmental Management Services-CF, LLC to levy and administer the collection of non- ad valorem assessment on all assessable property within the District.
Rolling Oaks
Community Development District
General Fund Budget

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Trustee Fees

The District will pay annual trustee fees for the Series 2016, Series 2018, and Series 2022 Special Assessment Revenue Bonds that are deposited with a Trustee at Regions Bank..

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc

Website Maintenance

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.

Insurance

The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc in a newspaper of general circulation.

Other Current Charges

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for office supplies that need to be purchased during the fiscal year.
4
Rolling Oaks
Community Development District
General Fund Budget

Property Appraiser

Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.

Property Taxes

Represents a fee charged by the Osceola County Tax Collector’s Office for all assessable property within the District.

Meeting Room

Represents the fee charged by Margaritaville Resort Orlando for room rental.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field Operations:

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Electric

Represents estimated costs for electrical accounts with Duke Energy for entrance lighting, irrigation meters and other District areas.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Utilities – Water & Sewer

Represents estimated costs for water & sewer services with Toho Water Authority.

Landscape Maintenance

The District will incur monthly landscape expenses, which include mowing, edging, and string-trimming from Creative Landscaping.

Description	Monthly

Landscape Maintenance	$	12,924.00

Fertilization	Quarterly
$	9,000.00

Total	Annually

$ 155,088.00

$	18,000.00	
	$ 173,088.00	
Rolling Oaks
Community Development District
General Fund Budget

Landscape Enhancements

Represents estimated costs for landscape enhancements from Creative Landscaping.

Landscape Irrigation

Represents estimated costs for any miscellaneous landscape irrigation repairs needed for the District from Creative Landscaping.

Lawn Mowing/Trimming

This represents the mowing of the Pond #4 banks. The District has contracted Lawnmasters Landscaping Of Orlando Inc.

Lake Maintenance

Solitude Lake Management Services will provide monthly aquatic management services for inspection and treatment of lakes throughout the District.

Description	Monthly
Maintenance	$	2,069.54
Midge Treatment	$	1,154.19

Quarterly
Lake Assessment	$	1,260.80

Semiannually
Aeration Maintenance	$	639.57

Total	Annually
$	24,834.45
$	13,850.30

$	5,043.21

$	1,279.14	
	$	45,007.10	

Contingency

Represents any additional field expense that may not have been provided for in the budget.
Rolling Oaks
Community Development District Proposed Budget
Debt Service Fund Series 2016

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2023	4/30/23	5 Months	9/30/23	FY2024	

Revenues						
Assessments - Tax Roll	$1,125,001	$1,089,558	$35,443	$1,125,001	$1,125,001	
Interest	$500	$37,718	$18,859	$56,577	$500	
Carry Forward Surplus	$810,612	$828,378	$0	$828,378	$887,947	
Total Revenues	$ 1,936,113	$ 1,955,654	$	54,302	$ 2,009,956	$ 2,013,448	

Expenditures						
Interest - 11/01	$429,116	$429,116	$0	$429,116	$	423,153	
Principal - 11/01	$265,000	$265,000	$0	$265,000	$	275,000	
Interest - 05/01	$423,153	$0	$423,153	$423,153	$	415,934	
Total Expenditures	$ 1,117,269	$	694,116	$	423,153	$ 1,117,269	$ 1,114,088	

Other Financing Sources/(Uses)						
Transfer In(Out)	$0	($4,740)	$0	($4,740)	$0	
Total Other Financing Sources/(Uses)	$	-	$	(4,740)	$	-	$	(4,740)	$	-	
						
Excess Revenues/(Expenditures)	$	818,844	$  1,256,798	$	(368,851)	$	887,947	$	899,361	

Principal 11/1 $	290,000
Interest 11/1  $	415,934 
Total	 $	705,934 

Rolling Oaks Community Development District Series 2016 Special Assessment Bonds
Amortization Schedule

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-
,000.00
-
,000.00
-
,000.00
-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
,000.00
-
,000.00
-
,000.00

Rolling Oaks
Community Development District Proposed Budget
Debt Service Fund Series 2018

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2023	4/30/23	5 Months	9/30/23	FY2024	

Revenues						
Assessments	$899,947	$621,795	$278,153	$899,947	$899,947	
Interest	$500	$25,251	$12,625	$37,876	$500	
Carry Forward Surplus	$601,733	$603,154	$0	$603,154	$642,764	
Total Revenues	$ 1,502,180	$ 1,250,200	$	290,778	$ 1,540,978	$ 1,543,211	

Expenditures						
Interest - 11/01	$342,063	$342,063	$0	$342,063	$	337,359	
Principal - 11/01	$215,000	$215,000	$0	$215,000	$	225,000	
Interest - 05/01	$337,359	$0	$337,359	$337,359	$	332,438	
Total Expenditures	$	894,422	$	557,063	$	337,359	$	894,422	$	894,797	

Other Financing Sources/(Uses)						
Transfer In(Out)	$0	($3,793)	$0	($3,793)	$0	
Total Other Financing Sources/(Uses)	$	-	$	(3,793)	$	-	$	(3,793)	$	-	
						
Excess Revenues/(Expenditures)	$	607,758	$	689,345	$	(46,581)	$	642,764	$	648,414	

Principal 11/1 $	230,000
Interest 11/1  $	332,438 
Total	$	562,438

Unit Type	Units	Gross Per Unit	Total	
Single Family		163	$	2,393.62	$	390,159.65	
Condo		300	$	1,890.77	$	567,231.00	
Less: Discount/Collection (6%)			$	(57,443.44)	
Net Annual Assessment			$	899,947	
Rolling Oaks Community Development District Series 2018 Special Assessment Bonds
Amortization Schedule

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-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
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-
,000.00
-
,000.00
-
,000.00
-
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-
,000.00
-
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-
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-
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-
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-
,000.00
-
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-
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-
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-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

Rolling Oaks
Community Development District Proposed Budget
Debt Service Fund Series 2022

		Proposed Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
	Description	FY2023	4/30/23	5 Months	9/30/23	FY2024	

Revenues							

Assessments	
$0	
$0	
$0	
$0	
$576,163		
Interest	$0	$15,501	$7,751	$23,252	$0		
Carry Forward Surplus	$0	$0	$0	$0	$234,997		
Total Revenues	$	-	$	15,501	$	7,751	$	23,252	$	811,160		

Expenditures							
Interest - 11/01	$0	$0	$0	$0	$242,247		
Principal - 11/01	$0	$0	$0	$0	$90,000		
Interest - 05/01	$242,247	$0	$242,247	$242,247	$242,247		
Total Expenditures	$	242,247	$	-	$	242,247	$	242,247	$	574,494		

Other Financing Sources/(Uses)							
Bond Proceeds	$1,032,394	$1,032,394	$0	$1,032,394	$0		
Transfer In(Out)	$0	$4	$0	$4	$0		
Total Other Financing Sources/(Uses)	$ 1,032,394	$ 1,032,398	$	-	$ 1,032,398	$	-		
							
Excess Revenues/(Expenditures)	$	790,147	$  1,047,899	$	(234,496)	$	813,403	$	236,666		

Interest 11/1  $	239,716

Unit Type	Units	Gross Per Unit	Total	
Condo		345	$	1,777	$	612,939	
Less: Discount/Collection (6%)			$	36,776	
Net Annual Assessment			$	576,163	
Rolling Oaks Community Development District Series 2022 Special Assessment Bonds
Amortization Schedule

-
-
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-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
,000.00
-
,000.00
-
Rolling Oaks Community Development District Series 2022 Special Assessment Bonds
Amortization Schedule

DATE		BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/45	
$	
3,910,000.00	
$	330,000.00	
$	127,075.00	
$	
-	
11/01/45	$	3,580,000.00	$	-	$	116,350.00	$	573,425.00	
05/01/46	$	3,580,000.00	$	355,000.00	$	116,350.00	$	-	
11/01/46	$	3,225,000.00	$	-	$	104,812.50	$	576,162.50	
05/01/47	$	3,225,000.00	$	375,000.00	$	104,812.50	$	-	
11/01/47	$	2,850,000.00	$	-	$	92,625.00	$	572,437.50	
05/01/48	$	2,850,000.00	$	400,000.00	$	92,625.00	$	-	
11/01/48	$	2,450,000.00	$	-	$	79,625.00	$	572,250.00	
05/01/49	$	2,450,000.00	$	430,000.00	$	79,625.00	$	-	
11/01/49	$	2,020,000.00	$	-	$	65,650.00	$	575,275.00	
05/01/50	$	2,020,000.00	$	455,000.00	$	65,650.00	$	-	
11/01/50	$	1,565,000.00	$	-	$	50,862.50	$	571,512.50	
05/01/51	$	1,565,000.00	$	490,000.00	$	50,862.50	$	-	
11/01/51	$	1,075,000.00	$	-	$	34,937.50	$	575,800.00	
05/01/52	$	1,075,000.00	$	520,000.00	$	34,937.50	$	-	
11/01/52	$	555,000.00	$	-	$	18,037.50	$	572,975.00	
05/01/53	$	555,000.00	$	555,000.00	$	18,037.50	$	573,037.50	
			$	7,635,000.00	$	10,019,484.74	$	17,654,484.74	

!!"#$%& "
RESOLUTION 2023-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT APPOINTING THE DISTRICT’S APPOINTED TREASURER, ASSISTANT TREASURER, AND SECRETARY OF THE DISTRICT AS SIGNORS ON THE DISTRICT’S LOCAL BANK ACCOUNT AND PROVIDING AN EFFECTIVE DATE.

Whereas, Rolling Oaks Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated entirely within Osceola County, Florida; and

Whereas, the District’s Board of Supervisors desires to appoint the District’s appointed Treasurer, Assistant Treasurer, and Secretary as signors on the District’s local bank account.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1. The District’s appointed Treasurer, Assistant Treasurer, and Secretary shall be appointed as signors on the District’s local bank account.

SECTION 2.  This Resolution shall take effect immediately upon its adoption.

Passed and adopted this 25th day of May 2023.

ATTEST:	ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

!!"#$%&  "#
RESOLUTION 2023-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A AN ASSISTANT TREASURER OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

Whereas, Rolling Oaks Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within Osceola County, Florida; and

Whereas, the Board of Supervisors of the District desires to appoint an Assistant Treasurer.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  Darrin Mossing, Sr. is appointed Assistant Treasurer.

SECTION 2.  This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 25th day of May 2023.

ATTEST:	WINDSOR CAY COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

!!"#$%&  "##

!!"#$%& "

Summary of Check Register

March 1, 2023 to April 30, 2023

Fund	Date	Check No.'s		Amount	
General Fund					
	3/7/23	455-458	$	8,036.53	
	3/20/23	459-461	$	14,117.33	
	3/24/23	462	$	155.15	
	3/30/23	463-464	$	545.00	
	4/12/23	465-468	$	19,035.50	
	4/26/23	469-471	$	329,253.42	
		Total Amount	$	371,142.93	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER
*** CHECK DATES 03/01/2023 - 04/30/2023 ***	ROLLING OAKS GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE.....  ...EXPENSED  TO...	VENDOR NAME
PAGE	1

....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
3/07/23 00032	6/01/22 9480	202206 310-51300-31100
STORMWATER ANALYSIS
7/01/22  9529	202207 310-51300-31100
STORMWATER ANALYSIS
8/01/22  9644	202208 310-51300-31100
STORMWATER ANALYSIS
DAVE SCHMITT ENGINEERING, INC.	4,500.00  000455
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/23  00027	2/28/23 02282023 202302 310-51300-49300	*	141.79
HEMISPHERE DANCER
MARGARITAVILLE RESORT	141.79  000456
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/23  00028	2/27/23 INV15133 202302 320-53800-46201	*	295.00
REPAIR BAD POP UPS
REW LAWN & IRRIGATION	295.00  000457
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/23 00019	3/01/23 PSI-5339 202303 320-53800-47000	*	1,989.94 POND MAINTENANCE MAR 23
3/01/23 PSI-5405 202303 320-53800-47000	*	1,109.80 POND MAINTENANCE MAR 23
SOLITUDE LAKE MANAGEMENT	3,099.74  000458
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
115	202303 310-51300-34000	*	3,154.42
MANAGEMENT FEES MAR 23
115	202303 310-51300-35200	*	49.50
WEBSITE ADMIN MAR 23
115	202303 310-51300-35100	*	83.33
INFORMATION TECH MAR 23
115	202303 310-51300-31300	*	666.67
DISSEMINATION SVC MAR 23
115	202303 310-51300-51000	*	.39
OFFICE SUPPLIES MAR 23
115	202303 310-51300-42000	*	18.47
POSTAGE MAR 23
115	202303 310-51300-42500	*	7.05
COPIES MAR 23
GOVERNMENTAL MANAGEMENT SERVICES	3,979.83  000459
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/23 00028	3/01/23 INV15252 202303 320-53800-46200	*	9,450.00 LANDSCAPE MAINT MAR 23
REW LAWN & IRRIGATION	9,450.00  000460
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/23  00019	9/26/22 PSI-0609 202209 320-53800-47000	*	687.50
POND MAINTENANCE SEPT 22
SOLITUDE LAKE MANAGEMENT	687.50  000461
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
ROAK ROLLING OAKS	NRUIZ
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/16/23	PAGE	2
*** CHECK DATES 03/01/2023 - 04/30/2023 ***	ROLLING OAKS GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				 AMOUNT	#
3/24/23  00033	2/01/23 10002091 202302 310-51300-31500	*	155.15
POST CLOSING COSTS
GREENBERG TRAURIG	155.15  000462
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/30/23  00028	3/29/23 INV15388 202303 320-53800-46201	*	367.50
REPLACE BROKEN POP UPS
REW LAWN & IRRIGATION	367.50  000463
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/30/23 00003	3/27/23 22886	202303 310-51300-31500	*	177.50
GENERAL COUNSEL MAR 23
STRALEY ROBIN VERICKER	177.50  000464
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
116	202304 310-51300-34000	*	3,154.42
MANAGEMENT FEES APR 23
116	202304 310-51300-35200	*	49.50
WEBSITE ADMIN APR 23
116	202304 310-51300-35100	*	83.33
INFORMATION TECH APR 23
116	202304 310-51300-31300	*	666.67
DISSEMINATION SVC APR 23
116	202304 310-51300-51000	*	.09
OFFICE SUPPLIES APR 23
116	202304 310-51300-42000	*	23.92
POSTAGE APR 23
116	202304 310-51300-42500	*	5.55
COPIES APR 23
GOVERNMENTAL MANAGEMENT SERVICES	3,983.48  000465
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/12/23 00028	4/01/23 INV15482 202304 320-53800-46200	*	9,450.00 LANDSCAPE MAINT APR 23
REW LAWN & IRRIGATION	9,450.00  000466
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/12/23 00019	4/01/23 PSI-6159 202304 320-53800-47000	*	1,212.31 POND MAINTENANCE APR 23
4/01/23 PSI-6216 202304 320-53800-47000	*	1,989.94 POND MAINTENANCE APR 23
4/01/23 PSI-6216 202304 320-53800-47000	*	614.97
POND MAINTENANCE APR 23
4/01/23 PSI-6339 202304 320-53800-47000	*	1,109.80 POND MAINTENANCE APR 23
SOLITUDE LAKE MANAGEMENT	4,927.02  000467
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/12/23 00029	4/06/23 27797	202304 320-53800-49000	*	675.00
INSTALL DAMAGED LIGHTS
UNIVERSAL SIGNS & ACCESSORIES	675.00  000468
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
ROAK ROLLING OAKS	NRUIZ
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/16/23	PAGE	3
*** CHECK DATES 03/01/2023 - 04/30/2023 ***	ROLLING OAKS GENERAL FUND
BANK A GENERAL FUND

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...
DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	VENDOR NAME	STATUS	AMOUNT	....CHECK..... AMOUNT	#	
4/26/23 00013	4/20/23 04202023 202304 300-20700-10300		*	266,598.57		
TXFER DIRECT PMT
ROLLING OAKS CDD C/O REGIONS BANK	266,598.57  000469
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/26/23  00013	4/26/23 04262023 202304 300-20700-10300	*	15,403.83
TXFER TAX RCPT S18
ROLLING OAKS CDD C/O REGIONS BANK	15,403.83  000470
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/26/23  00013	4/26/23  042623	202304 300-20700-10300	*	47,251.02
TXFER TAX RCPTS S16
ROLLING OAKS CDD C/O REGIONS BANK	47,251.02  000471
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	371,142.93
TOTAL FOR REGISTER	371,142.93

ROAK ROLLING OAKS	NRUIZ

!!"#$%& "

Rolling Oaks
Community  Development  District

Unaudited Financial Reporting
April 30, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Series 2016 Debt Service	

5	
	Series 2018 Debt Service	

6	
	Series 2022 Debt Service	

7	
	Series 2016 Capital Projects	

8	
	Series 2018 Capital Projects	

9	
	Series 2022 Capital Projects	

10-11	
	Month to Month	
12		Assessment Receipt Schedule	

13	
	Long Term Debt Schedule	
14		Series 2016 Construction Schedule	
15		Series 2018 Construction Schedule	
16		Series 2022 Construction Schedule	
Rolling Oaks
Community Development District Combined Balance Sheet
April 30, 2023

Assets:
Operating Account - Suntrust Due from General Fund Investments
Series 2016 Reserve Revenue Interest Sinking Fund Construction
Series 2018 Reserve Revenue Interest Sinking Fund Construction
Series 2022 Reserve Revenue Interest
Capitalized Interest Sinking Fund Construction
Costs of Issuance

$	456,971	$
$	-	$

$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

-	$
189,064	$

1,129,112	$
690,719	$
423,264	$
233	$
-	$

903,356	$
305,227	$
337,448	$
189	$
-	$

578,406	$
6,408	$
4	$
463,082	$
$
$
$

$
$

$
$
$
$
6,258	$

$
$
$
$
2,392	$

$
$
$
$
$
1,129	$
$

456,971
189,064

1,129,112
690,719
423,264
233
6,258

903,356
305,227
337,448
189
2,392

578,406
6,408
4
463,082
- 1,129
-

Total Assets	$	456,971	$	5,026,509	$	9,779	$	5,493,259				
Liabilities:
Accounts Payable	$	11,774	$	-	$	-	
$	11,774				
Due to Debt Service	$	189,064	$	-	$	-	$	189,064				
Fica Payable	$	-	$	-	$	-	$	-			
Total Liabilities	$	200,837	$	-	$	-	$	200,837			

Fund Balances:					
Unassigned	$	256,133	$	-	$	-	$	256,133			
Assigned for Debt Service 2016	$	-	$	2,385,910	$	-	$	2,385,910			
Assigned for Debt Service 2018	$	-	$	1,592,700	$	-	$	1,592,700			
Assigned for Debt Service 2022	$	-	$	1,047,899	$	-	$	1,047,899			
Assigned for Capital Projects 2016	$	-	$	-	$	6,258	$	6,258			
Assigned for Capital Projects 2018	$	-	$	-	$	2,392	$	2,392			
Assigned for Capital Projects 2022	$	-	$	-	$	1,129	$	1,129			
Total Fund Balances	$	256,133	$	5,026,509	$	9,779	$	5,292,421	
					
Total Liabilities & Fund Balance	$	456,971	$	5,026,509	$	9,779	$	5,493,259	
Rolling Oaks
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/23	Thru 04/30/23	Variance	

Revenues					
Assessments - On Roll	$	331,553	$	321,108	$	321,108	$	-	
Assessments - Direct	$	208,033	$	126,020	$	126,020	$	-	
Developer Contributions	$	45,457	$	45,457	$	59,750	$	14,292	
Total Revenues	$	585,044	$	492,585	$	506,877	$	14,292	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	7,000	$	4,000	$	3,000	
FICA Expense	$	918	$	536	$	306	$	230	
Engineering	$	10,000	$	5,833	$	200	$	5,633	
Attorney	$	15,000	$	8,750	$	1,845	$	6,905	
Arbitrage	$	1,350	$	900	$	900	$	-	
Dissemination	$	8,000	$	4,667	$	4,500	$	167	
Assessment Administration	$	10,000	$	10,000	$	10,000	$	-	
Annual Audit	$	3,675	$	-	$	-	$	-	
Trustee Fees	$	11,041	$	7,000	$	7,000	$	-	
Management Fees	$	37,853	$	22,081	$	22,081	$	(0)	
Information Technology	$	1,000	$	583	$	583	$	0	
Website Maintenance	$	594	$	346	$	347	$	(0)	
Telephone	$	100	$	58	$	-	$	58	
Postage	$	800	$	467	$	196	$	271	
Insurance	$	7,686	$	7,686	$	6,885	$	801	
Printing & Binding	$	800	$	467	$	104	$	363	
Legal Advertising	$	2,000	$	1,167	$	250	$	917	
Other Current Charges	$	2,000	$	1,167	$	277	$	890	
Office Supplies	$	130	$	76	$	2	$	73	
Property Appraiser Fee	$	300	$	347	$	347	$	-	
Property Taxes	$	80	$	80	$	10	$	70	
Meeting Room	$	1,674	$	977	$	284	$	693	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	127,176	$	80,362	$	60,292	$	20,070	
Rolling Oaks
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/23	Thru 04/30/23	Variance	

Operations and Maintenance Expenses					
Field Operations					
Property Insurance	$	8,718	$	8,718	$	7,889	$	829	
Electric	$	9,689	$	5,652	$	6,461	$	(809)	
Streetlights	$	112,151	$	65,421	$	61,347	$	4,074	
Utility-Water and Sewer	$	85,000	$	49,583	$	67,855	$	(18,271)	
Landscape Maintenance	$	113,400	$	66,150	$	69,175	$	(3,025)	
Landscape Enhancements	$	50,000	$	22,500	$	-	$	22,500	
Landscape Irrigation	$	6,500	$	3,792	$	1,960	$	1,832	
Lawn Mowing/Trimming	$	27,720	$	16,170	$	12,600	$	3,570	
Lake Maintenance	$	37,321	$	21,770	$	27,421	$	(5,651)	
Contingency	$	7,370	$	4,299	$	675	$	3,624	
Total Operations and Maintenance:	$	457,868	$	264,055	$	255,383	$	8,673	
					
Total Expenditures	$	585,044	$	344,417	$	315,675	$	28,743	
					
Excess Revenues (Expenditures)	$	(0)		$	191,203		
					
Fund Balance - Beginning	$	-		$	64,931		
					
Fund Balance - Ending	$	(0)		$	256,133		
Rolling Oaks
Community Development District Debt Service Fund - Series 2016
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/23	Thru 04/30/23	Variance	

Revenues					
Assessments - Tax Roll	$	1,125,001	$	1,089,558	$	1,089,558	$	-	
Interest	$	500	$	500	$	37,718	$	37,218	
Total Revenues	$	1,125,501	$	1,090,058	$	1,127,276	$	37,218	

Expenditures:					
Interest - 11/01	$	429,116	$	429,116	$	429,116	$	(0)	
Principal - 11/01	$	265,000	$	265,000	$	265,000	$	-	
Interest - 05/01	$	423,153	$	-	$	-	$	-	
Total Expenditures	$	1,117,269	$	694,116	$	694,116	$	(0)	

Other Financing Sources/(Uses)					
Transfer In/Out	$	-	$	-	$	(4,740)	$	(4,740)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(4,740)	$	(4,740)	
					
Excess Revenues (Expenditures)	$	8,233		$	428,420		
					
Fund Balance - Beginning	$	810,612		$	1,957,490		
					
Fund Balance - Ending	$	818,844		$	2,385,910		
Rolling Oaks
Community Development District Debt Service Fund - Series 2018
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/23	Thru 04/30/23	Variance	

Revenues					
Assessments - On Roll	$	366,750	$	355,196	$	355,196	$	-	
Assessments - Direct	$	533,197	$	266,599	$	266,599	$	-	
Interest	$	500	$	500	$	25,251	$	24,751	
Total Revenues	$	900,447	$	622,295	$	647,046	$	24,751	

Expenditures:					
Interest - 11/01	$	342,063	$	342,063	$	342,063	$	-	
Principal - 11/01	$	215,000	$	215,000	$	215,000	$	-	
Interest - 05/01	$	337,359	$	-	$	-	$	-	
Total Expenditures	$	894,422	$	557,063	$	557,063	$	-	

Other Financing Sources/(Uses)					
Transfer in/Out	$	-	$	-	$	(3,793)	$	(3,793)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(3,793)	$	(3,793)	
					
Excess Revenues (Expenditures)	$	6,025		$	86,191		
					
Fund Balance - Beginning	$	601,733		$	1,506,510		
					
Fund Balance - Ending	$	607,758		$	1,592,700		
Rolling Oaks
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/23	Thru 04/30/23	Variance	

Revenues					
Interest	$	-	$	-	$	15,501	$	15,501	
Total Revenues	$	-	$	-	$	15,501	$	15,501	

Expenditures:					
Interest - 11/01	$	-	$	-	$	-	$	-	
Principal - 11/01	$	-	$	-	$	-	$	-	
Interest - 05/01	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)					
Transfer in/Out	$	-	$	-	$	4	$	4	
Bond Proceed	$	-	$	-	$	1,032,394	$	1,032,394	
Total Other Financing Sources (Uses)	$	-	$	-	$	1,032,398	$	1,032,398	
					
Excess Revenues (Expenditures)	$	-	$	1,047,899		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	1,047,899		
Rolling Oaks
Community Development District Capital Projects Fund - Series 2016
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/23	Thru 04/30/23	Variance	

Revenues

Interest	

$	

-	$	

-	$	115	

$	115	
Total Revenues	$	-	$	-	$	115	$	115	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)					
Transfer In/Out	$	-	$	-	$	4,740	$	4,740	
Total Other Financing Sources (Uses)	$	-	$	-	$	4,740	$	4,740	
					
Excess Revenues (Expenditures)	$	-	$	4,855		
					
Fund Balance - Beginning	$	-	$	1,403		
					
Fund Balance - Ending	$	-	$	6,258		
Rolling Oaks
Community Development District Capital Projects Fund - Series 2018
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/23	Thru 04/30/23	Variance	

Revenues

Interest	

$	

-	$	

-	$	64	

$	64	
Total Revenues	$	-	$	-	$	64	$	64	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	1,630	

$	(1,630)	
Total Expenditures	$	-	$	-	$	1,630	$	(1,630)	

Other Financing Sources/(Uses)					
Transfer In/Out	$	-	$	-	$	3,793	$	3,793	
Total Other Financing Sources (Uses)	$	-	$	-	$	3,793	$	3,793	
					
Excess Revenues (Expenditures)	$	-	$	2,226		
					
Fund Balance - Beginning	$	-	$	166		
					
Fund Balance - Ending	$	-	$	2,392		
Rolling Oaks
Community Development District Capital Projects Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2023

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/23	Thru 04/30/23	Variance	

Revenues					
Interest	$	-	$	-	$	20,901	$	20,901	
Total Revenues	$	-	$	-	$	20,901	$	20,901	

Expenditures:					
Capital Outlay - Construction	$	-	$	-	$	6,240,533	$	(6,240,533)	
Capital Outlay - COI	$	-	$	-	$	335,450	$	(335,450)	
Total Expenditures	$	-	$	-	$	6,575,983	$	(6,575,983)	

Other Financing Sources/(Uses)					
Transfer In/Out	$	-	$	-	$	(4)	$	(4)	
Bond Proceed	$	-	$	-	$	6,556,215	$	6,556,215	
Total Other Financing Sources (Uses)	$	-	$	-	$	6,556,211	$	6,556,211	
					
Excess Revenues (Expenditures)	$	-	$	1,129		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	1,129		
Rolling Oaks
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	

Revenues													
Assessments - On Roll	$	-	$	48,276	$	177,278	$	18,097	$	21,510	$	13,926	$	42,021	$	-  $	-  $	-  $	-  $	-  $	321,108					
Assessments - Direct	$	-	$	-	$	-	$	44,007	$	60,010	$	22,004	$	-	$	-  $	-  $	-  $	-  $	-  $	126,020					
Developer Contributions	$	33,201	$	26,549	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	59,750					
Total Revenues	$	33,201	$	26,549	$	-	$	44,007	$	60,010	$	22,004	$	-	$	-  $	-  $	-  $	-  $	-  $	506,877					

Expenditures:													

General & Administrative:													

Supervisor Fees	
$	1,400	
$	800	
$	-	
$	-	
$	800	
$	-	
$	1,000	
$	-  $	-  $	-  $	-  $	-  $	4,000					
FICA Expense	$	107	$	61	$	-	$	-	$	61	$	-	$	77	$	-  $	-  $	-  $	-  $	-  $	306					
Engineering	$	-	$	-	$	-	$	-	$	-	$	200	$	-	$	-  $	-  $	-  $	-  $	-  $	200					
Attorney	$	1,185	$	-	$	327	$	-	$	155	$	178	$	-	$	-  $	-  $	-  $	-  $	-  $	1,845					
Arbitrage	$	-	$	-	$	900	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	900					
Dissemination	$	583	$	583	$	667	$	667	$	667	$	667	$	667	$	-  $	-  $	-  $	-  $	-  $	4,500					
Assessment Administration	$	10,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	10,000					
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-					
Trustee Fees	$	7,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	7,000					
Management Fees	$	3,154	$	3,154	$	3,154	$	3,154	$	3,154	$	3,154	$	3,154	$	-  $	-  $	-  $	-  $	-  $	22,081					
Information Technology	$	83	$	83	$	83	$	83	$	83	$	83	$	83	$	-  $	-  $	-  $	-  $	-  $	583					
Website Maintenance	$	50	$	50	$	50	$	50	$	50	$	50	$	50	$	-  $	-  $	-  $	-  $	-  $	347					
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-					
Postage	$	25	$	45	$	6	$	1	$	77	$	18	$	24	$	-  $	-  $	-  $	-  $	-  $	196					
Insurance	$	6,885	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	6,885					
Printing & Binding	$	51	$	-	$	40	$	-	$	-	$	7	$	6	$	-  $	-  $	-  $	-  $	-  $	104					
Legal Advertising	$	196	$	-	$	-	$	-	$	-	$	-	$	54	$	-  $	-  $	-  $	-  $	-  $	250					
Other Current Charges	$	39	$	39	$	39	$	38	$	39	$	44	$	39	$	-  $	-  $	-  $	-  $	-  $	277					
Office Supplies	$	0	$	1	$	0	$	0	$	1	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	2					
Property Appraiser Fee	$	-	$	-	$	-	$	-	$	-	$	347	$	-	$	-  $	-  $	-  $	-  $	-  $	347					
Property Taxes	$	-	$	10	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	10					
Meeting Room	$	-	$	142	$	-	$	-	$	142	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	284					
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	175					
Total General & Administrative:	$	30,934	$	4,968	$	5,267	$	3,993	$	5,229	$	4,748	$	5,153	$	-  $	-  $	-  $	-  $	-  $	60,292					
Rolling Oaks
Community Development District Month to Month

Operations and Maintenance Expenses									
Field Operations									
Property Insurance	$	7,889	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	7,889	
Utility - Electric	$	906	$	741	$	721	$	944	$	1,148	$	1,007	$	993	$	-  $	-  $	-  $	-  $	-  $	6,461	
Streetlights	$	8,689	$	8,701	$	8,701	$	8,725	$	8,842	$	8,842	$	8,849	$	-  $	-  $	-  $	-  $	-  $	61,347	
Utility - Water & Sewer	$	9,259	$	7,174	$	11,192	$	6,961	$	11,006	$	12,653	$	9,611	$	-  $	-  $	-  $	-  $	-  $	67,855	
Landscape Maintenance	$	9,450	$	11,525	$	9,450	$	9,450	$	9,450	$	9,450	$	10,400	$	-  $	-  $	-  $	-  $	-  $	69,175	
Landscape Enhancements	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Landscape Irrigation	$	-	$	595	$	240	$	170	$	439	$	368	$	148	$	-  $	-  $	-  $	-  $	-  $	1,960	
Lawn Mowing/Trimming	$	2,200	$	2,200	$	2,200	$	2,200	$	2,200	$	-	$	1,600	$	-  $	-  $	-  $	-  $	-  $	12,600	
Lake Maintenance	$	4,927	$	5,629	$	3,100	$	3,100	$	2,639	$	3,100	$	4,927	$	-  $	-  $	-  $	-  $	-  $	27,421	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	675	$	-  $	-  $	-  $	-  $	-  $	675	
Total Operations and Maintenance Expenses	$	43,321	$	36,565	$	35,604	$	31,549	$	35,724	$	35,419	$	37,202	$	-  $	-  $	-  $	-  $	-  $	255,383	
									
Total Expenditures	$	74,255	$	41,533	$	40,870	$	35,542	$	40,953	$	40,167	$	42,355	$	-  $	-  $	-  $	-  $	-  $	315,675	
									
Excess Revenues (Expenditures)	$	(41,054)	$	(14,984)	$	(40,870)	$	8,465	$	19,057	$	(18,163)	$	(42,355)	$	-  $	-  $	-  $	-  $	-  $	191,203	
Rolling Oaks
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2023

	Gross Assessments	$  352,716.00	$ 1,196,810.00	$	390,160.06	$ 1,939,686.06	
	Net Assessments	$  331,553.04	$ 1,125,001.40	$	366,750.46	$ 1,823,304.90	
ON ROLL ASSESSMENTS		
18.18%	
61.70%	
20.11%	
100.00%	

Date	
Distribution	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	2016 Debt Service	2018 Debt Service	
Total	

11/18/22	
ACH	
$7,276.00	
($145.50)	
($374.37)	
$0.00	
$6,756.13	
$1,228.55	
$4,168.61	
$1,358.97	
$6,756.13	
11/22/22	ACH	$275,008.28	($5,500.14)	($10,780.61)	$0.00	$258,727.53	$47,047.48	$159,638.05	$52,042.00	$258,727.53	
12/09/22	ACH	$950,826.50	($19,016.57)	($37,272.42)	$0.00	$894,537.51	$162,664.31	$551,940.57	$179,932.63	$894,537.51	
12/22/22	ACH	$84,842.98	($1,696.82)	($2,781.17)	$0.00	$80,364.99	$14,613.72	$49,586.18	$16,165.09	$80,364.99	
01/10/23	ACH	$4,326.78	($86.53)	($127.20)	$0.00	$4,113.05	$747.93	$2,537.80	$827.32	$4,113.05	
01/10/23	ACH	$99,471.08	($1,989.43)	($2,924.49)	$0.00	$94,557.16	$17,194.45	$58,342.92	$19,019.79	$94,557.16	
01/24/23	ACH	$0.00	$0.00	$0.00	$850.92	$850.92	$154.73	$525.03	$171.16	$850.92	
02/09/23	ACH	$812.09	($16.24)	$0.00	$0.00	$795.85	$144.72	$491.05	$160.08	$795.85	
02/09/23	ACH	$122,876.04	($2,457.50)	($2,924.43)	$0.00	$117,494.11	$21,365.34	$72,495.30	$23,633.47	$117,494.11	
03/10/23	ACH	$78,991.74	($1,579.83)	($831.55)	$0.00	$76,580.36	$13,925.51	$47,251.02	$15,403.83	$76,580.36	
04/11/23	ACH	$4,332.91	($86.66)	$0.00	$0.00	$4,246.25	$772.14	$2,619.99	$854.12	$4,246.25	
04/11/23	ACH	$230,860.64	($4,617.21)	$0.00	$0.00	$226,243.43	$41,140.51	$139,594.96	$45,507.96	$226,243.43	
04/24/23	ACH	$0.00	$0.00	$0.00	$594.75	$594.75	$108.15	$366.97	$119.63	$594.75	

DIRECT BILL ASSESSMENTS

Rolling Oaks Splendid, LLC Invoice# 2023-01				
Total	
$120,019.20	
$533,197.15	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	Operations &
Maintenance	Series 2018
Debt	
2/20/23	12/1/22	19931	$326,608.17	$326,608.17	$60,009.60	$266,598.57	
	2/1/23		$163,304.07				
	5/1/23		$163,304.09				
			$653,216.33	$326,608.17	$60,009.60	$266,598.57	

Rolling Oaks Apartments, LLC Invoice# 2023-02				
Total		
$88,014.08	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	Operation &
Maintenance		
1/5/23	12/1/22	382	$44,007.04	$44,007.04	$44,007.04		
2/24/23	2/1/23	819	$22,003.52	$22,003.52	$22,003.52		
	5/1/23		$22,003.52				
			$88,014.08	$66,010.56	$66,010.56		
Rolling Oaks
Community Development District LONG TERM DEBT REPORT

SERIES 2016, SPECIAL ASSESSMENT BONDS		

INTEREST RATES:	
4.500%, 5.250%, 5.875%, 6.000%	
MATURITY DATE:	11/1/2047	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$1,124,706	
RESERVE FUND BALANCE	$1,129,112	
BONDS OUTSTANDING - 12/15/16	$15,640,000	
LESS: PRINCIPAL PAYMENT 11/1/18	($220,000)	
LESS: PRINCIPAL PAYMENT 11/1/19	($230,000)	
LESS: PRINCIPAL PAYMENT 11/1/20	($240,000)	
LESS: PRINCIPAL PAYMENT 11/1/21	($255,000)	
LESS: PRINCIPAL PAYMENT 11/1/22	($265,000)	
CURRENT BONDS OUTSTANDING	$14,430,000	

SERIES 2018, SPECIAL ASSESSMENT BONDS		

INTEREST RATES:	
4.375%, 4.875%, 5.375%, 5.500%	
MATURITY DATE:	11/1/2049	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$899,831	
RESERVE FUND BALANCE	$903,356	
BONDS OUTSTANDING - 11/8/18	$13,160,000	
LESS: PRINCIPAL PAYMENT 11/1/20	($195,000)	
LESS: PRINCIPAL PAYMENT 11/1/21	($205,000)	
LESS: PRINCIPAL PAYMENT 11/1/22	($215,000)	
CURRENT BONDS OUTSTANDING	$12,545,000	

SERIES 2022, SPECIAL ASSESSMENT BONDS		

INTEREST RATES:	
5.7%, 6.3%, 6.55%	
MATURITY DATE:	5/1/2053	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$576,163	
RESERVE FUND BALANCE	$578,406	
BONDS OUTSTANDING - 11/22/22	$7,635,000	
CURRENT BONDS OUTSTANDING	$7,635,000	
Rolling Oaks
Community Development District Special Assessment Bonds, Series 2016

Date	Requisition #	Contractor	Description	Requisitions	
Fiscal Year 2022					
		TOTAL		$	-	

Fiscal Year 2022					
10/1/21		Transfer		$	56.70	
10/1/21		Interest		$	0.01	
11/1/21		Interest		$	0.01	
12/1/21		Interest		$	0.02	
1/1/22		Interest		$	0.01	
2/1/22		Interest		$	0.01	
3/1/22		Interest		$	0.01	
4/1/22		Interest		$	0.07	
4/1/22		Transfer		$	67.03	
5/1/22		Interest		$	0.16	
6/1/22		Interest		$	0.61	
7/1/22		Interest		$	1.06	
8/1/22		Interest		$	1.61	
9/1/22		Interest		$	2.37	
		TOTAL		$	129.68	

Acquisition/Construction Fund at 09/30/2021	
$	
1,273.29			
Interest Earned and Transfer In thru 09/30/22	$	129.68			
Requisitions Paid thru 09/30/22	$	-			

Remaining Acquisition/Construction Fund	 $	1,402.97 

Date	Requisition #	Contractor	Description	Requisitions Fiscal Year 2023

TOTAL	$	-		

Fiscal Year 2023			
10/1/22	Transfer	$	4,740.48	
10/1/22	Interest	$	2.66	
11/1/22	Interest	$	7.47	
12/1/22	Interest	$	17.58	
1/1/23	Interest	$	20.21	
2/1/23	Interest	$	21.81	
3/1/23	Interest	$	21.13	
4/1/23	Interest	$	24.03	
	TOTAL	$	4,855.37	

Acquisition/Construction Fund at 09/30/2022	
$	
1,402.97	
Interest Earned and Transfer In thru 03/31/23	$	4,855.37	
Requisitions Paid thru 03/31/23	$	-	

Remaining Acquisition/Construction Fund	 $	6,258.34 
Rolling Oaks
Community Development District Special Assessment Bonds, Series 2018

Date	Requisition #	Contractor	Description	Requisitions Fiscal Year 2022

12/1/21	5	Rolling Oaks Splendid, LLC	Public facility roadway, drainage, and utility infrastructure	$  2,281,083.53	
		TOTAL		$ 2,281,083.53	

Fiscal Year 2022					
10/1/21		Transfer		$	45.36	
10/1/21		Interest		$	18.75	
11/1/21		Interest		$	19.38	
12/1/21		Interest		$	41.56	
1/1/22		Interest		$	5.00	
2/1/22		Interest		$	-	
3/1/22		Interest		$	-	
4/1/22		Interest		$	0.01	
4/1/22		Interest		$	53.62	
5/1/22		Interest		$	0.02	
6/1/22		Interest		$	0.07	
7/1/22		Interest		$	0.13	
8/1/22		Interest		$	0.19	
9/1/22				$	0.28	
		TOTAL		$	184.37	
			
Acquisition/Construction Fund at 09/30/21 Interest Earned 09/30/22
Requisitions Paid thru 09/30/22	
$ 2,281,064.78
$	184.37
$ (2,281,083.53)	
			Remaining Acquisition/Construction Fund	 $	165.62 	
Date	Requisition #	Contractor	Description	Requisitions	
Fiscal Year 2023					
2/28/23	1/6/00	Rolling Oaks CDD	Reimburse RO O&M Ithink Graphics Invoice # 78762 - Custom Wildlife Signs	6/16/04	
		TOTAL		$	1,629.98	

Fiscal Year 2023					
10/1/22		Transfer		$	3,792.52	
10/1/22		Interest		$	0.31	
11/1/22		Interest		$	3.67	
12/1/22		Interest		$	11.32	
1/1/23		Interest		$	13.01	
2/1/23		Interest		$	14.04	
3/1/23		Interest		$	12.21	
4/1/23		Interest		$	9.18	
		TOTAL		$	3,856.26	
			
Acquisition/Construction Fund at 09/30/22	
$	165.62	
			Interest Earned 03/31/23	$	3,856.26	
			Requisitions Paid thru 03/31/23	$	(1,629.98)	
			Remaining Acquisition/Construction Fund	 $	2,391.90 	
Rolling Oaks
Community Development District

Special Assessment Bonds, Series 2022

Date	Requisition #	Contractor	Description	Requisitions	
Fiscal Year 2023				
12/31/22	2	Rolling Oaks Splendid, LLC	Reimbursement	$ 5,776,399.78	
2/21/23	3	Rolling Oaks Splendid, LLC	Reimbursement	$	464,133.56	
		TOTAL	$	6,240,533.34	

Fiscal Year 2023				
12/1/22		Interest	$	5,457.83	
1/31/23		Interest	$	12,684.83	
2/28/23		Interest	$	1,625.30	
3/31/23		Interest	$	1,124.42	
4/30/23		Interest	$	4.20	
		TOTAL	$	20,896.58	
		
Acquisition/Construction Fund at 11/22/2022	
$	6,220,765.38	
		Interest Earned 03/31/23	$	20,896.58	
		Requisitions Paid thru 03/31/23	$  (6,240,533.34)	
		Remaining Acquisition/Construction Fund	 $	1,128.62 	

!!"#$%&  3

MARY JANE ARRINGTON
OSCEOLA COUNTY SUPERVISOR OF ELECTIONS

April 25, 2023

Ms. Monica Virgen Recording Secretary
Rolling Oaks Community Development District 219 E. Livingston St.
Orlando, FL 32801

RE:	Rolling Oaks Community Development District - Registered Voters Dear Ms. Virgen:
Thank you for your letter requesting confirmation of the number of registered voters within the Rolling Oaks Community Development District as of April 15, 2023.

The number of registered voters within the Rolling Oaks COD is 81 as of April 15, 2023. If I can be of further assistance, please contact me at 407.742.6000.
Respectfully yours,

·

M-,.:. Arrington Supervisor of Elections

2509 East Irlo Bronson Memorial Highway • Kissimmee, FL 34 744 407.742.6000 • Fax: 407.742.6001 • www.voteosceola.com