Rolling Oaks Community Development District
Agenda

May 23, 2024

Agenda

Rolling Oaks
Community Development District

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

May 21, 2024
Board of Supervisors Rolling Oaks Community Development District
Dear Board Members:
The meeting of the Board of Supervisors of Rolling Oaks Community Development District will be held Thursday, May 23, 2024, at 1:00 PM at Margaritaville Resort Orlando, 8000 Fins Up Circle, Kissimmee, Florida 34747. Following is the advance agenda for the meeting:
Zoom Webinar Information:
Link: https://us06web.zoom.us/j/85744403825 Webinar ID: 857 4440 3825
Call-in Number: 1-305-224-1968
Roll Call
Public Comment Period
Approval of Minutes of the March 28, 2024 Board of Supervisors Meeting
Consideration of Resolution 2024-03 Approving the Fiscal Year 2025 Proposed Budget and Setting a Public Hearing
Consideration of Resolution 2024-04 Designating a Date, Time, and Location for the Landowners’ Election Meeting
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Number of Registered Voters – 228
Reminder of Form 1 Filing Requirement Deadline: July 1st - ADDED
Supervisor’s Requests
Next Meeting Date – June 27, 2024
Adjournment

Sincerely,
Tricia Adams
Tricia Adams District Manager

Minutes

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 28, 2024, 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 via Zoom
Jared Bouskila	Vice Chairman via Zoom
Cora DiFiore	Assistant Secretary
Peter Brown	Assistant Secretary
Steven Dougherty	Assistant Secretary Also present were:
Tricia Adams	District Manager
Vivek Babbar	District Counsel via Zoom
Dave Schmitt	District Engineer via Zoom

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 1:00 p.m. and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being no comment, the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the November 13,
2023 Meeting

On MOTION by Mr. Brown seconded by Mr. Dougherty with all in favor the minutes of the November 13, 2023 meeting were approved as presented.

March 28, 2024	Rolling Oaks CDD

FOURTH ORDER OF BUSINESS	Ratification	of	Landscape	Agreement
Addendum
Ms. Adams stated District Management staff worked with Yellowstone to reduce annual landscape services and corresponding expenses. There was a reduction in the number of times palm trees are trimmed, and a reduction in the inoculation program for the palm trees, and as a result we were able to reduce the annual cost to be commensurate with the current budget amount for landscaping. The addendum was signed by the Chairman and requires ratification by the Board.

On MOTION by Mr. Bouskila seconded by Mr. Chiste with all in favor the first addendum to the landscape maintenance agreement with Yellowstone, Inc. in the amount of $236,420 was ratified.

FIFTH ORER OF BUSINESS	Ratification of Quote from Fast Professional
Cleaning, LLC for Pressure Washing Services

On MOTION by Mr. Brown seconded by Mr. Dougherty with all in favor the proposal from Fast Professional Cleaning, LLC for pressure washing services in the amount of $2,900 was ratified.

SIXTH ORDER OF BUSINESS	Ratification of Series 2018 and 2022 Arbitrage
Rebate Reports
Ms. Adams stated series 2018 and 2022 arbitrage rebate calculation reports were included in the agenda packet. You will see there is no rebate liability for the series 2018 or 2022 series bonds.

On MOTION by Mr. Dougherty seconded by Ms. DiFiore with all in favor the arbitrage rebate reports for the series 2018 and 2022 were accepted.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-02
Adopting Parking Rules
Ms. Adams stated the management team was contacted by the HOA manager who had challenges regulating parking on the district’s roadway and property. Approval of Resolution 2024-02 will adopt parking and towing policies, it also authorizes the district manager to engage a towing service provider to enforce the parking policies. There are requirements regarding signage

March 28, 2024	Rolling Oaks CDD

and the location of the towing services provider. This is a draft of the parking and towing policies and the policy addresses situations such as no trailers or recreational vehicles between the hours of 10:00 p.m. and 6:00 a.m. except as permitted, no parking of commercial vehicles except on a temporary basis, no abandoned or broken-down vehicles, no vehicles with for sale signs and other parking concerns. Within the Resolution, the district is indemnifying themselves that we are not providing safeguards for vehicles that park on district roadway.
The purpose of the parking policies is to allow for the district’s designee, that would be the homeowners association, who engages the security service company to actively patrol, issue citations and if vehicles refuse to comply with the parking policy, vehicles will be towed from district property.
Mr. Babbar stated it is fairly standard and boilerplate information. It references the statutes that we are authorized to adopt parking and towing policies as well as the language that is required in the Florida Statutes. This resolution authorizes us to engage a towing operator and make sure they are responsible for complying with the signage and other statutory requirements and designates the association manager as one of the authorized entities to contact the towing operator and enforce the parking.
Ms. Adams stated in some districts where we have towing policies, we have an additional agreement with the homeowners’ association in order to enforce the district’s parking policies. Is that something you recommend for this district?
Mr. Babbar stated that is always a good idea. I recommend entering into an agreement with the association.
Ms. Adams stated when the policies are finalized, we will provide a copy of the map that identifies all of the district property. That way there is clarification and something we can provide along with the policies on where parking is restricted.

On MOTION by Mr. Dougherty seconded by Ms. DiFiore with all in favor Resolution 2024-02 was approved and staff was authorized to prepare an agreement with the homeowners’ association to enforce the district’s parking policy.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney

March 28, 2024	Rolling Oaks CDD

Mr. Babbar stated as an update to the expansion of the district boundary, we received the finalized portion of the exhibits and we anticipate sending the entire package for the chair’s signature next week and we will have it filed as soon as possible and push the county to move forward on that.

Engineer
There being no comments, the next item followed.

Manager
Approval of Check Register

On MOTION by Mr. Bouskila seconded by Mr. Chiste with all in favor the check register was approved.

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

NINTH ORDER OF BUSINESS	Supervisor’s Requests
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Next Meeting Date – April 25, 2024

On MOTION by Mr. Brown seconded by Mr. Dougherty with all in favor the meeting adjourned at 1:18 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED OPERATION AND MAINTENANCE BUDGET FOR FISCAL YEAR 2024/2025; 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, 2024 a proposed operation and maintenance budget for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“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 22, 2024

HOUR:	1:00 p.m.

LOCATION:	Margaritaville Resort Oralndo
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 23, 2024.

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 2024/2025

Exhibit A

Table of Contents

1-2	General Fund	

3-6	

General Fund Narrative	

7	

Capital Reserve	

8	

Series 2016 Debt Service Fund	

9	

Series 2016 Amortization Schedule	

10	

Series 2018 Debt Service Fund	

11	

Series 2018 Amortization Schedule	

12	

Series 2022 Debt Service Fund	

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	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments	$813,131	$477,139	$170,365	$647,504	$1,064,562	
Assessments - Direct	$0	$82,813	$82,813	$165,627	$0	
Developer Contributions	$0	$56,570	$0	$56,570	$0	
Boundary Amendment Contributions	$0	$1,264	$893	$2,156	$0	
Total Revenues	$ 813,131	$	617,786	$	254,071	$	871,857	$ 1,064,562	

Expenditures						
Administrative
Supervisor Fees	
$12,000	
$2,800	
$4,000	
$6,800	
$12,000	
FICA Expense	$918	$214	$306	$520	$918	
Engineering	$10,000	$6,769	$6,400	$13,169	$10,000	
Attorney	$15,000	$994	$6,007	$7,000	$15,000	
Arbitrage	$1,350	$1,350	$0	$1,350	$1,350	
Dissemination	$8,000	$4,000	$4,000	$8,000	$8,400	
Assessment Administration	$10,000	$10,000	$0	$10,000	$10,500	
Annual Audit	$5,000	$0	$3,400	$3,400	$3,450	
Trustee Fees	$11,041	$7,000	$4,041	$11,041	$11,041	
Management Fees	$40,124	$20,062	$20,062	$40,124	$42,500	
Information Technology	$1,250	$625	$625	$1,250	$1,313	
Website Maintenance	$743	$372	$372	$743	$781	
Telephone	$100	$0	$50	$50	$100	
Postage	$800	$195	$195	$389	$800	
Insurance	$7,918	$7,126	$0	$7,126	$7,839	
Printing & Binding	$800	$0	$150	$150	$800	
Legal Advertising	$2,000	$270	$1,230	$1,500	$2,000	
Other Current Charges	$2,000	$488	$512	$1,000	$2,000	
Office Supplies	$130	$2	$48	$50	$130	
Property Appraiser Fee	$350	$421	$0	$421	$350	
Property Taxes	$80	$8	$0	$8	$80	
Meeting Room	$1,701	$425	$852	$1,277	$1,701	
Boundary Amendment	$0	$2,314	$0	$2,314	$0	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative Expenditures	$ 131,480	$	65,610	$	52,248	$	117,858	$	133,228	

Rolling Oaks
Community Development District Proposed Budget
General Fund

Adopted Budget
Description	FY2024	Actuals Thru 3/31/24	Projected Next
6 Months	Projected Thru 9/30/24	Proposed Budget FY2025	

Field Operations
Property Insurance	

$15,384	

$12,038	

$0	

$12,038	

$13,603	
Electric	$16,614	$5,027	$5,027	$10,055	$16,614	
Streetlights	$183,496	$113,552	$85,767	$199,319	$229,217	
Utilities- Water& Sewer	$172,192	$58,474	$58,474	$116,949	$172,192	
Landscape Maintenance	$173,088	$155,573	$118,210	$273,783	$263,900	
Landscape Enhancements	$50,000	$0	$25,000	$25,000	$50,000	
Landscape Irrigation/Repairs	$6,500	$4,755	$1,745	$6,500	$10,000	
Lawn Mowing/Trimming	$12,000	$0	$6,000	$6,000	$0	
Mulch	$0	$0	$0	$0	$59,000	
Lake Maintenance	$45,007	$23,686	$21,882	$45,568	$46,807	
Pressure Washing	$0	$0	$0	$0	$10,000	
Contingency	$7,370	$6,700	$670	$7,370	$10,000	
Total Field Operations Expenditures	$ 681,652	$	379,806	$	322,776	$	702,583	$	881,334	

Other Financing Sources/(Uses)						

Capital Reserve	
$	
-	
$	
-	
$	
-	
$	
-	
$	
50,000	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	50,000	

Total Expenditures

$ 813,131	$	445,416	$	375,024	$	820,440	$ 1,064,562

Excess Revenues/(Expenditures)

$

(0)  $	172,369	$	(120,953)  $

51,417	$

-

FY2025
Net Assessments	$1,064,562 Add: Discounts & Collections 		$67,951	
Gross Assessments   $1,132,513	

Product	
ERU's	Assessable Units	
ERU/Unit		
Net Assessment	
Net Per Unit	
Gross Per Unit	
Single Family	663.00	663	1.00	$520,889.18	$785.65	$835.80	
Condo	516.00	645	0.80	$405,397.92	$628.52	$668.64	
Apartment	176.00	352	0.50	$138,275.26	$392.83	$417.90	
	1355.00	1660		$1,064,562.36			

Product	FY2025 Gross Per Unit	FY2024 Gross Per Unit	
Increase	
Single Family	$835.80	$	638.40	$	197.00	
Condo	$668.64	$	510.72	$	158.00	
Apartment	$417.90	$	319.20	$	99.00	

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.

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.

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

Rolling Oaks
Community Development District
General Fund Budget

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

Materials used 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.

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.

Rolling Oaks
Community Development District
General Fund Budget

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 Yellowstone Landscaping.

Landscape Enhancements

Represents estimated costs for landscape enhancements from Yellowstone Landscaping.

Landscape Irrigation

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

Rolling Oaks
Community Development District
General Fund Budget

Lake Maintenance

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

Description	Monthly
Maintenance	$	2,152.32
Midge Treatment	$	1,200.36

Quarterly
Lake Assessment	$	1,311.23

Semiannually
Aeration Maintenance	$	665.15

Total	Annually
$	25,827.86
$	14,404.29

$	5,244.93

$	1,330.31	
	$	46,807.38	

Pressure Washing

District owned right of way gutter, curbs and sidewalks will be scheduled for pressure washing as needed.

Contingency

Represents any additional field expense that may not have been provided for in the budget.

Other Financing Sources/Uses

Capital Reserve

Represents projected excess funds transfer out to the Capital Reserve Fund.

Rolling Oaks
Community Development District
Proposed Budget Capital Reserve Fund

Description

Adopted Budget
FY2024

Actuals Thru
3/31/24

Projected Next
6 Months

Projected Thru
9/30/24

Proposed Budget
FY2025

Revenues
Carry Forward Surplus

$	-	$

-	$	-	$

-	$	-

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

Expenditures
Contingency

$	-	$

-	$	-	$

-	$	-

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

Other Financing Sources/Uses:
Transfer In

$	-	$

-	$	-	$

-	$	50,000

Excess Revenues/(Expenditures)	$	-	$	-	$	-	$	-	$	50,000

Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	50,000

Rolling Oaks
Community Development District Proposed Budget
Debt Service Fund Series 2016

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments - Tax Roll	$1,125,001	$829,002	$295,999	$1,125,001	$1,125,001	
Interest	$500	$48,307	$24,154	$72,461	$36,230	
Carry Forward Surplus	$921,703	$908,748	$0	$908,748	$992,123	
Total Revenues	$ 2,047,205	$ 1,786,058	$	320,153	$ 2,106,210	$ 2,153,354	

Expenditures						
Interest - 11/01	$423,153	$423,153	$0	$423,153	$	415,934	
Principal - 11/01	$275,000	$275,000	$0	$275,000	$	290,000	
Interest - 05/01	$415,934	$0	$415,934	$415,934	$	408,322	
Total Expenditures	$ 1,114,088	$	698,153	$	415,934	$ 1,114,088	$ 1,114,256	
						
Excess Revenues/(Expenditures)	$	933,117	$  1,087,905	$	(95,782)	$	992,123	$  1,039,098	
				
Principal 11/1	
$	305,000	
Interest 11/1  $	408,322 
Total	 $	713,322 

Unit Type	Units		Gross Per Unit	Total	
Single Family	500	$	2,393.62	$ 1,196,810.00	
Less: Discount/Collection (6%)			$	(71,808.60)	
Net Annual Assessment			$	1,125,001	

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

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	14,155,000.00	$	290	
05/01/25	$	13,865,000.00	$	
11/01/25	$	13,865,000.00	$	305	
05/01/26	$	13,560,000.00	$	
11/01/26	$	13,560,000.00	$	320	
05/01/27	$	13,240,000.00	$	
11/01/27	$	13,240,000.00	$	340	
05/01/28	$	12,900,000.00	$	
11/01/28	$	12,900,000.00	$	355	
05/01/29	$	12,545,000.00	$	
11/01/29	$	12,545,000.00	$	375	
05/01/30	$	12,170,000.00	$	
11/01/30	$	12,170,000.00	$	395	
05/01/31	$	11,775,000.00	$	
11/01/31	$	11,775,000.00	$	420	
05/01/32	$	11,355,000.00	$	
11/01/32	$	11,355,000.00	$	445	
05/01/33	$	10,910,000.00	$	
11/01/33	$	10,910,000.00	$	470	
05/01/34	$	10,440,000.00	$	
11/01/34	$	10,440,000.00	$	500	
05/01/35	$	9,940,000.00	$	
11/01/35	$	9,940,000.00	$	530	
05/01/36	$	9,410,000.00	$	
11/01/36	$	9,410,000.00	$	560	
05/01/37	$	8,850,000.00	$	
11/01/37	$	8,850,000.00	$	590	
05/01/38	$	8,260,000.00	$	
11/01/38	$	8,260,000.00	$	625	
05/01/39	$	7,635,000.00	$	
11/01/39	$	7,635,000.00	$	665	
05/01/40	$	6,970,000.00	$	
11/01/40	$	6,970,000.00	$	705	
05/01/41	$	6,265,000.00	$	
11/01/41	$	6,265,000.00	$	745	
05/01/42	$	5,520,000.00	$	
11/01/42	$	5,520,000.00	$	790	
05/01/43	$	4,730,000.00	$	
11/01/43	$	4,730,000.00	$	840	
05/01/44	$	3,890,000.00	$	
11/01/44	$	3,890,000.00	$	890	
05/01/45	$	3,000,000.00	$	
11/01/45	$	3,000,000.00	$	940	
05/01/46	$	2,060,000.00	$	
11/01/46	$	2,060,000.00	$	1,000	
05/01/47	$	1,060,000.00	$	
11/01/47	$	1,060,000.00	$	1,060	

$	415,934.38	$	1,121,868.75	
$	408,321.88		
$	408,321.88	$	1,121,643.75	
$	400,315.63		
$	400,315.63	$	1,120,631.25	
$	391,915.63		
$	391,915.63	$	1,123,831.25	
$	382,990.63		
$	382,990.63	$	1,120,981.25	
$	373,671.88		
$	373,671.88	$	1,122,343.75	
$	362,656.25		
$	362,656.25	$	1,120,312.50	
$	351,053.13		
$	351,053.13	$	1,122,106.25	
$	338,715.63		
$	338,715.63	$	1,122,431.25	
$	325,643.75		
$	325,643.75	$	1,121,287.50	
$	311,837.50		
$	311,837.50	$	1,123,675.00	
$	297,150.00		
$	297,150.00	$	1,124,300.00	
$	281,581.25		
$	281,581.25	$	1,123,162.50	
$	265,131.25		
$	265,131.25	$	1,120,262.50	
$	247,800.00		
$	247,800.00	$	1,120,600.00	
$	229,050.00		
$	229,050.00	$	1,123,100.00	
$	209,100.00		
$	209,100.00	$	1,123,200.00	
$	187,950.00		
$	187,950.00	$	1,120,900.00	
$	165,600.00		
$	165,600.00	$	1,121,200.00	
$	141,900.00		
$	141,900.00	$	1,123,800.00	
$	116,700.00		
$	116,700.00	$	1,123,400.00	
$	90,000.00		
$	90,000.00	$	1,120,000.00	
$	61,800.00		
$	61,800.00	$	1,123,600.00	
$	31,800.00		
$	31,800.00	$	1,123,600.00	

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

$	14,155,000.00	$	13,200,390.63	$	28,053,543.75

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

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments	$899,947	$663,163	$236,785	$899,947	$899,947	
Interest	$500	$35,863	$17,931	$53,794	$26,897	
Carry Forward Surplus	$661,541	$643,822	$0	$643,822	$702,766	
Total Revenues	$ 1,561,988	$ 1,342,847	$	254,716	$ 1,597,563	$ 1,629,610	

Expenditures						
Interest - 11/01	$337,359	$337,359	$0	$337,359	$	332,438	
Principal - 11/01	$225,000	$225,000	$0	$225,000	$	230,000	
Interest - 05/01	$332,438	$0	$332,438	$332,438	$	326,831	
Total Expenditures	$	894,797	$	562,359	$	332,438	$	894,797	$	889,269	
						
Excess Revenues/(Expenditures)	$	667,192	$	780,488	$	(77,721)	$	702,766	$	740,342	
				
Principal 11/1	
$	326,831	
Interest 11/1  $	245,000 
Total	$	571,831

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

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	12,320,000.00	$	230	
05/01/25	$	12,090,000.00	$	
11/01/25	$	12,090,000.00	$	245	
05/01/26	$	11,845,000.00	$	
11/01/26	$	11,845,000.00	$	255	
05/01/27	$	11,590,000.00	$	
11/01/27	$	11,590,000.00	$	270	
05/01/28	$	11,320,000.00	$	
11/01/28	$	11,320,000.00	$	280	
05/01/29	$	11,040,000.00	$	
11/01/29	$	11,040,000.00	$	295	
05/01/30	$	10,745,000.00	$	
11/01/30	$	10,745,000.00	$	310	
05/01/31	$	10,435,000.00	$	
11/01/31	$	10,435,000.00	$	325	
05/01/32	$	10,110,000.00	$	
11/01/32	$	10,110,000.00	$	345	
05/01/33	$	9,765,000.00	$	
11/01/33	$	9,765,000.00	$	365	
05/01/34	$	9,400,000.00	$	
11/01/34	$	9,400,000.00	$	385	
05/01/35	$	9,015,000.00	$	
11/01/35	$	9,015,000.00	$	405	
05/01/36	$	8,610,000.00	$	
11/01/36	$	8,610,000.00	$	425	
05/01/37	$	8,185,000.00	$	
11/01/37	$	8,185,000.00	$	450	
05/01/38	$	7,735,000.00	$	
11/01/38	$	7,735,000.00	$	475	
05/01/39	$	7,260,000.00	$	
11/01/39	$	7,260,000.00	$	500	
05/01/40	$	6,760,000.00	$	
11/01/40	$	6,760,000.00	$	525	
05/01/41	$	6,235,000.00	$	
11/01/41	$	6,235,000.00	$	555	
05/01/42	$	5,680,000.00	$	
11/01/42	$	5,680,000.00	$	585	
05/01/43	$	5,095,000.00	$	
11/01/43	$	5,095,000.00	$	615	
05/01/44	$	4,480,000.00	$	
11/01/44	$	4,480,000.00	$	650	
05/01/45	$	3,830,000.00	$	
11/01/45	$	3,830,000.00	$	685	
05/01/46	$	3,145,000.00	$	
11/01/46	$	3,145,000.00	$	725	
05/01/47	$	2,420,000.00	$	
11/01/47	$	2,420,000.00	$	765	
05/01/48	$	1,655,000.00	$	
11/01/48	$	1,655,000.00	$	805	
05/01/49	$	850,000.00	$	
11/01/49	$	850,000.00	$	850	

$	332,437.50	$	894,875.00	
$	326,831.25		
$	326,831.25	$	898,662.50	
$	320,859.38		
$	320,859.38	$	896,718.75	
$	314,643.75		
$	314,643.75	$	899,287.50	
$	308,062.50		
$	308,062.50	$	896,125.00	
$	301,237.50		
$	301,237.50	$	897,475.00	
$	293,309.38		
$	293,309.38	$	896,618.75	
$	284,978.13		
$	284,978.13	$	894,956.25	
$	276,243.75		
$	276,243.75	$	897,487.50	
$	266,971.88		
$	266,971.88	$	898,943.75	
$	257,162.50		
$	257,162.50	$	899,325.00	
$	246,815.63		
$	246,815.63	$	898,631.25	
$	235,931.25		
$	235,931.25	$	896,862.50	
$	224,509.38		
$	224,509.38	$	899,018.75	
$	212,415.63		
$	212,415.63	$	899,831.25	
$	199,650.00		
$	199,650.00	$	899,300.00	
$	185,900.00		
$	185,900.00	$	896,800.00	
$	171,462.50		
$	171,462.50	$	897,925.00	
$	156,200.00		
$	156,200.00	$	897,400.00	
$	140,112.50		
$	140,112.50	$	895,225.00	
$	123,200.00		
$	123,200.00	$	896,400.00	
$	105,325.00		
$	105,325.00	$	895,650.00	
$	86,487.50		
$	86,487.50	$	897,975.00	
$	66,550.00		
$	66,550.00	$	898,100.00	
$	45,512.50		
$	45,512.50	$	896,025.00	
$	23,375.00		
$	23,375.00	$	896,750.00	

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

$	12,320,000.00	$	11,349,728.13	$	24,232,087.50

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

	Proposed Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments	$576,163	$288,081	$288,082	$576,163	$576,163	
Interest	$0	$18,230	$9,115	$27,346	$13,673	
Carry Forward Surplus	$269,953	$260,868	$0	$260,868	$289,887	
Total Revenues	$	846,116	$	567,179	$	297,198	$	864,376	$	879,722	

Expenditures						
Interest - 11/01	$242,247	$242,247	$0	$242,247	$ 239,715.63	
Principal - 05/01	$90,000	$0	$90,000	$90,000	$  95,000.00	
Interest - 05/01	$242,247	$0	$242,247	$242,247	$ 239,715.63	
Total Expenditures	$	574,494	$	242,247	$	332,247	$	574,494	$	574,431	
						
Excess Revenues/(Expenditures)	$	271,622	$	324,936	$	(35,049)	$	289,887	$	305,291	
				
Interest 11/1	
$	237,044	
Unit Type	Units	Gross Per Unit	Total			
Condo	345	$	1,777.64	$	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

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/24	$	7,545,000.00	$	
05/01/25	$	7,545,000.00	$	95	
11/01/25	$	7,000,000.00	$	
05/01/26	$	7,000,000.00	$	105	
11/01/26	$	7,000,000.00	$	
05/01/27	$	7,000,000.00	$	110	
11/01/27	$	7,000,000.00	$	
05/01/28	$	7,000,000.00	$	115	
11/01/28	$	7,000,000.00	$	
05/01/29	$	7,000,000.00	$	120	
11/01/29	$	7,000,000.00	$	
05/01/30	$	7,000,000.00	$	130	
11/01/30	$	4,510,000.00	$	
05/01/31	$	4,510,000.00	$	135	
11/01/31	$	4,510,000.00	$	
05/01/32	$	4,510,000.00	$	145	
11/01/32	$	4,510,000.00	$	
05/01/33	$	4,510,000.00	$	155	
11/01/33	$	4,510,000.00	$	
05/01/34	$	4,510,000.00	$	165	
11/01/34	$	4,510,000.00	$	
05/01/35	$	4,510,000.00	$	175	
11/01/35	$	4,510,000.00	$	
05/01/36	$	4,510,000.00	$	185	
11/01/36	$	4,510,000.00	$	
05/01/37	$	4,510,000.00	$	200	
11/01/37	$	4,510,000.00	$	
05/01/38	$	4,510,000.00	$	210	
11/01/38	$	4,510,000.00	$	
05/01/39	$	4,510,000.00	$	225	
11/01/39	$	4,510,000.00	$	
05/01/40	$	4,510,000.00	$	240	
11/01/40	$	4,510,000.00	$	
05/01/41	$	4,510,000.00	$	255	
11/01/41	$	4,510,000.00	$	
05/01/42	$	4,510,000.00	$	270	
11/01/42	$	4,510,000.00	$	
05/01/43	$	4,510,000.00	$	290	
11/01/43	$	4,220,000.00	$	
05/01/44	$	4,220,000.00	$	310	
11/01/44	$	3,910,000.00	$	
05/01/45	$	3,910,000.00	$	330	
11/01/45	$	3,580,000.00	$	
05/01/46	$	3,580,000.00	$	355	
11/01/46	$	3,225,000.00	$	
05/01/47	$	3,225,000.00	$	375	
11/01/47	$	2,850,000.00	$	
05/01/48	$	2,850,000.00	$	400	
11/01/48	$	2,450,000.00	$	
05/01/49	$	2,450,000.00	$	430	
11/01/49	$	2,020,000.00	$	
05/01/50	$	2,020,000.00	$	455	
11/01/50	$	1,565,000.00	$	
05/01/51	$	1,565,000.00	$	490	
11/01/51	$	1,075,000.00	$	
05/01/52	$	1,075,000.00	$	520	
11/01/52	$	555,000.00	$	
05/01/53	$	555,000.00	$	555	
			$	7,545	

$	239,715.63	$	571,962.50	
$	239,715.63	$	-	
$	237,043.75	$	571,759.38	
$	237,043.75	$	-	
$	234,090.63	$	576,134.38	
$	234,090.63	$	-	
$	230,996.88	$	575,087.50	
$	230,996.88	$	-	
$	227,762.50	$	573,759.38	
$	227,762.50	$	-	
$	224,387.50	$	572,150.00	
$	224,387.50	$	-	
$	220,325.00	$	574,712.50	
$	220,325.00	$	-	
$	216,106.25	$	571,431.25	
$	216,106.25	$	-	
$	211,575.00	$	572,681.25	
$	211,575.00	$	-	
$	206,731.25	$	573,306.25	
$	206,731.25	$	-	
$	201,575.00	$	573,306.25	
$	201,575.00	$	-	
$	196,106.25	$	572,681.25	
$	196,106.25	$	-	
$	190,325.00	$	571,431.25	
$	190,325.00	$	-	
$	184,075.00	$	574,400.00	
$	184,075.00	$	-	
$	177,512.50	$	571,587.50	
$	177,512.50	$	-	
$	170,481.25	$	572,993.75	
$	170,481.25	$	-	
$	162,981.25	$	573,462.50	
$	162,981.25	$	-	
$	155,012.50	$	572,993.75	
$	155,012.50	$	-	
$	146,575.00	$	571,587.50	
$	146,575.00	$	-	
$	137,150.00	$	573,725.00	
$	137,150.00	$	-	
$	127,075.00	$	574,225.00	
$	127,075.00	$	-	
$	116,350.00	$	573,425.00	
$	116,350.00	$	-	
$	104,812.50	$	576,162.50	
$	104,812.50	$	-	
$	92,625.00	$	572,437.50	
$	92,625.00	$	-	
$	79,625.00	$	572,250.00	
$	79,625.00	$	-	
$	65,650.00	$	575,275.00	
$	65,650.00	$	-	
$	50,862.50	$	571,512.50	
$	50,862.50	$	-	
$	34,937.50	$	575,800.00	
$	34,937.50	$	-	
$	18,037.50	$	572,975.00	
$	18,037.50	$	573,037.50	

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

,000.00	$

10,019,484.74	$

17,654,484.74

Section V

RESOLUTION 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

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

WHEREAS, pursuant to Section 190.006(1), Florida Statutes, the District’s Board of Supervisors (“Board”) “shall exercise the powers granted to the district pursuant to Chapter 190, Florida Statutes,” and the Board shall consist of five members; and

WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on a date in November established by the Board, which shall be noticed pursuant to Section 190.006(2), Florida Statutes.

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

EXISTING BOARD SUPERVISORS; SEATS SUBJECT TO ELECTIONS.
The Board is currently made up of the following individuals:

Seat Number	Supervisor	Term Expiration Date	
1	John Chiste	11/2024	
2	Peter Christopher Brown	11/2024	
3	Cora DiFiore	11/2026	
4	Jared Bouskila	11/2026	
5	Steven Dougherty	11/2024	

This year, Seats 1, 2, and 5, currently held by John Chiste, Peter Christopher Brown, and Steven Dougherty, are subject to a landowner election. The two candidates receiving the highest number of votes shall be elected to serve for a four-year period, and the remaining candidate elected shall serve for a two-year period. The term of office for the successful landowner candidates shall commence upon election.

LANDOWNER’S ELECTION. In accordance with Section 190.006(2), Florida Statutes, the meeting of the landowners to elect Board Supervisor(s) of the District shall be held on the 21st day of November 2024, at 3:00 p.m., and located at Margaritaville Resort

Orlando, 8000 Fins Up Cir, Kissimmee, FL 34747.

PUBLICATION. The District’s Secretary is hereby directed to publish notice of the landowners’ meeting and election in accordance with the requirements of Section 190.006(2), Florida Statutes.

FORMS. Pursuant to Section 190.006(2)(b), Florida Statutes, the landowners’ meeting and election have been announced by the Board at its May 23, 2024 meeting. A sample notice of landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the office of the District Manager, Governmental Management Services – Central Florida LLC, located at 219 East Livingston Street, Orlando, Florida 32801.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall become effective upon its passage.
PASSED AND ADOPTED this 23rd day of May 2024.

ROLLING OAKS
COMMUNITY DEVELOPMENT DISTRICT
ATTEST:

Secretary/ Asst. Secretary	Chairperson/ Vice Chairperson

EXHIBIT A
NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given to the public and all landowners within Rolling Oaks Community Development District (“District”) the location of which is generally described as comprising a parcel or parcels of land containing approximately 201.6468 acres and located within Osceola County, Florida (“County”), advising that a meeting of landowners will be held for the purpose of electing three (3) persons to the District’s Board of Supervisors (“Board”, and individually, “Supervisor”). Immediately following the landowners’ meeting there will be convened a meeting of the Board for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.

DATE:
HOUR:
LOCATION:

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, Governmental Management Services – Central Florida LLC, 219 East Livingston Street, Orlando, Florida 32801 Ph: (407) 841-5524 (“District Manager’s Office”). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Manager’s Office. There may be an occasion where one or more supervisors will participate by telephone.
Any person requiring special accommodations to participate in these meetings is asked to contact the District Manager’s Office, at least 48 hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.
A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

District Manager
Run Date(s): 	 & 	

INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS
DATE OF LANDOWNERS’ MEETING:

TIME:
LOCATION:

Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.
A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.
At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.

This year, three (3) seats on the Board will be up for election in a landowner seat. The two (2) candidates receiving the highest number of votes shall be elected to serve for a four-year period, and the remaining candidate elected shall serve for a two-year period. The term of office for the successful landowner candidates shall commence upon election.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized. Electronic signatures are not accepted because the integrity and security control processes required by Sections 668.001-.006, Florida Statutes are not feasible for the District at this time.

LANDOWNER PROXY
ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
LANDOWNERS’ MEETING – NOVEMBER 21, 2024

1.		KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 	 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Rolling Oaks Community Development District to be held at Margaritaville Resort Orlando, 8000 Fins Up Cir, Kissimmee, FL 34747 on November 21, 2024 at 3:00 p.m., and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.
Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner		
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]
Total Number of Authorized Votes:

NOTES: Pursuant to Section 190.006(2)(b), Florida Statutes, a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.
If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).

OFFICIAL BALLOT
ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT OSCEOLA COUNTY, FLORIDA
LANDOWNERS’ MEETING - [Election Date]

For Election (3 Supervisors): The two (2) candidates receiving the highest number of votes will receive a four -year term, and the remaining candidate elected shall serve for a two-year period. The term of office for the successful landowner candidates shall commence upon election.
The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the Rolling Oaks Community Development District and described as follows:

Description	Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]
or

Attach Proxy.
I, 	, as Landowner, or as the proxy holder of 	
(Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	

			

Date: 		Signed: 	
Printed Name: 	

Section VI

Section C

Section 1

Rolling Oaks
Community Development District

Summary of Check Register

March 16, 2024 to May 20, 2024
.
Fund	Date	Check No.'s		Amount	
General Fund					
	3/18/24	571	$	2,131.25	
	3/25/24	572-573	$	19,736.67	
	4/2/24	574-575	$	24,825.77	
	4/8/24	576	$	141.79	
	4/15/24	577-578	$	7,422.99	
	4/16/24	579	$	144,040.28	
	4/22/24	580	$	284.00	
	5/1/24	581	$	581.00	
	5/6/24	582	$	3,223.73	
	5/14/24	583-584	$	4,954.73	

Total Amount	$	207,342.21

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/20/24	PAGE	1
*** CHECK DATES 03/16/2024 - 05/20/2024 ***	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	#
3/18/24 00032	3/01/24 11743	202402 310-51300-31100	*	2,131.25
GENERAL ENGINEERING FEB24
DAVE SCHMITT ENGINEERING, INC.	2,131.25 000571
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/24 00003	3/19/24 24315	202402 310-51300-31500	*	35.00
GENERAL COUNSEL FEB24
STRALEY ROBIN VERICKER	35.00 000572
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/24 00038	2/29/24 OS 66849 202402 320-53800-46200	*	19,701.67 LANDSCAPE MAINT FEB24 REV
YELLOWSTONE LANDSCAPE-SOUTHEAST LLC	19,701.67 000573
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/24 00019	4/01/24 PSI06118 202404 320-53800-47000	*	1,260.80 QTRLY POND MAINT APR24
4/01/24 PSI06118 202404 320-53800-47000	*	2,069.54 POND MAINTENANCE APR24
4/01/24 PSI06118 202404 320-53800-47000	*	639.57
SEMI ANN POND MAINT APR24
4/01/24 PSI06123 202404 320-53800-47000	*	1,154.19 POND MAINTENANCE APR24
SOLITUDE LAKE MANAGEMENT LLC DBA	5,124.10 000574
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/24 00038	4/01/24 OS 67525 202404 320-53800-46200	*	19,701.67 LANDSCAPE MAINT APR24
YELLOWSTONE LANDSCAPE-SOUTHEAST LLC	19,701.67 000575
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/24 00027	3/28/24 03292024 202403 310-51300-49300	*	141.79
HEMISPHERE DANCER MAR24
MARGARITAVILLE RESORT	141.79 000576
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/15/24 00032	4/01/24 11843	202403 310-51300-31100	*	3,200.00
GENERAL ENGINEERING MAR24
DAVE SCHMITT ENGINEERING, INC.	3,200.00 000577
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/15/24 00001	4/01/24 129	202404 310-51300-34000	*	3,343.67
MANAGEMENT FEES APR24
4/01/24 129	202404 310-51300-35200	*	61.92
WEBSITE ADMIN APR24
4/01/24 129	202404 310-51300-35100	*	104.17
INFORMATION TECH APR24
4/01/24 129	202404 310-51300-31300	*	666.67
DISSEMINATION SVCS APR24
4/01/24 129	202404 310-51300-51000	*	.03
OFFICE SUPPLIES APR24
4/01/24 129	202404 310-51300-42000	*	46.53
POSTAGE APR24
GOVERNMENTAL MANAGEMENT SERVICES	4,222.99 000578
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
ROAK ROLLING OAKS	IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/20/24	PAGE	2
*** CHECK DATES 03/16/2024 - 05/20/2024 ***	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	#
4/16/24 00013	4/15/24 04152024 202404 300-20700-10300	*	144,040.28
TXFER DIRECT ASSESS S2022
ROLLING OAKS CDD C/O REGIONS BANK	144,040.28 000579
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/24 00003	4/16/24 24463	202403 310-51300-31500	*	284.00
GENERAL COUNSEL MAR24
STRALEY ROBIN VERICKER	284.00 000580
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/24 00003	2/09/24 24166	202401 310-51300-49400	*	581.00
BOUNDARY EXPANSION JAN24
STRALEY ROBIN VERICKER	581.00 000581
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/06/24 00019	5/01/24 PSI06888 202405 320-53800-47000	*	2,069.54 POND MAINTENANCE MAY24
5/01/24 PSI06892 202405 320-53800-47000	*	1,154.19 POND MAINTENANCE MAY24
SOLITUDE LAKE MANAGEMENT LLC DBA	3,223.73 000582
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00032	5/01/24 11948	202404 310-51300-31100	*	700.00
GENERAL ENGINEERING APR24
DAVE SCHMITT ENGINEERING, INC.	700.00 000583

5/14/24 00001	5/01/24	
	5/01/24	
	5/01/24	
	5/01/24	
	5/01/24	
	5/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
130	202405 310-51300-34000	*	3,343.67
MANAGEMENT FEES MAY24
130	202405 310-51300-35200	*	61.92
WEBSITE ADMIN MAY24
130	202405 310-51300-35100	*	104.17
INFORMATION TECH MAY24
130	202405 310-51300-31300	*	666.67
DISSEMINATION SVCS MAY24
130	202405 310-51300-51000	*	.27
OFFICE SUPPLIES MAY24
130	202405 310-51300-42000	*	78.03
POSTAGE MAY24
GOVERNMENTAL MANAGEMENT SERVICES	4,254.73 000584
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	207,342.21
TOTAL FOR REGISTER	207,342.21

ROAK ROLLING OAKS	IARAUJO

Section 2

Rolling Oaks
Community Development District

Unaudited Financial Reporting
March 31, 2024

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
March 31, 2024

General
Fund

Debt Service
Fund

Capital Projects	Totals
Fund	Governmental Funds

Assets:
Operating Account - Suntrust	$	284,944	$	-	$	-	$	284,944	
Due from General Fund	$	-	$	19,597	$	-	$	19,597	
Due From Developer	$	1,264	$	-	$	-	$	1,264	
Investments
Series 2016
Reserve	

$	-	$	1,154,510	

$	-	$	1,154,510	
Revenue	$	-	$	1,074,624	$	-	$	1,074,624	
Principal	$	-	$	244	$	-	$	244	
Interest	$	-	$	1,307	$	-	$	1,307	
Sinking Fund	$	-	$	843	$	-	$	843	
Construction
Series 2018
Reserve	$	-	$	-

$	-	$	923,670	$	6,558	$	6,558

$	-	$	923,670	
Revenue	$	-	$	770,307	$	-	$	770,307	
Interest	$	-	$	748	$	-	$	748	
Principal	$	-	$	525	$	-	$	525	
Sinking Fund	$	-	$	198	$	-	$	198	
Construction
Series 2022
Reserve	$	-	$	-

$	-	$	591,437	$	2,507	$	2,507

$	-	$	591,437	
Revenue	$	-	$	309,494	$	-	$	309,494	
Interest	$	-	$	566	$	-	$	566	
Capitalized Interest	$	-	$	14,872	$	-	$	14,872	
Construction	$	-	$	-	$	1,183	$	1,183	
Total Assets	$	286,207	$	4,862,940	$	10,248	$	5,159,395	
Liabilities:
Accounts Payable	

$	5,782	

$	

-	$	-	$	5,782	
Due to Debt Service	$	19,597	$	-	$	-	$	19,597	
Total Liabilities	$	25,379	$	-	$	-	$	25,379	

Fund Balances:
Unassigned	

$	260,828	

$	

-	$	-	$	260,828	
Assigned for Debt Service 2016	$	-	$	2,242,414	$	-	$	2,242,414	
Assigned for Debt Service 2018	$	-	$	1,704,158	$	-	$	1,704,158	
Assigned for Debt Service 2022	$	-	$	916,369	$	-	$	916,369	
Assigned for Capital Projects 2016	$	-	$	-	$	6,558	$	6,558	
Assigned for Capital Projects 2018	$	-	$	-	$	2,507	$	2,507	
Assigned for Capital Projects 2022	$	-	$	-	$	1,183	$	1,183	
Total Fund Balances	$	260,828	$	4,862,940	$	10,248	$	5,134,017	
					
Total Liabilities & Fund Balance	$	286,207	$	4,862,940	$	10,248	$	5,159,395	

Rolling Oaks
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues					
Assessments	$	813,131	$	477,139	$	477,139	$	-	
Assessments - Direct	$	-	$	-	$	82,813	$	82,813	
Developer Contributions	$	-	$	-	$	56,570	$	56,570	
Boundary Amendment Contributions	$	-	$	-	$	1,264	$	1,264	
Total Revenues	$	813,131	$	477,139	$	617,786	$	140,647	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	6,000	$	2,800	$	3,200	
FICA Expense	$	918	$	459	$	214	$	245	
Engineering	$	10,000	$	5,000	$	6,769	$	(1,769)	
Attorney	$	15,000	$	7,500	$	994	$	6,507	
Arbitrage	$	1,350	$	1,350	$	1,350	$	-	
Dissemination	$	8,000	$	4,000	$	4,000	$	-	
Assessment Administration	$	10,000	$	10,000	$	10,000	$	-	
Annual Audit	$	5,000	$	-	$	-	$	-	
Trustee Fees	$	11,041	$	7,000	$	7,000	$	-	
Management Fees	$	40,124	$	20,062	$	20,062	$	-	
Information Technology	$	1,250	$	625	$	625	$	-	
Website Maintenance	$	743	$	372	$	372	$	-	
Telephone	$	100	$	50	$	-	$	50	
Postage	$	800	$	400	$	195	$	205	
Insurance	$	7,918	$	7,918	$	7,126	$	792	
Printing & Binding	$	800	$	400	$	-	$	400	
Legal Advertising	$	2,000	$	1,000	$	270	$	730	
Other Current Charges	$	2,000	$	1,000	$	488	$	512	
Office Supplies	$	130	$	65	$	2	$	63	
Property Appraiser Fee	$	350	$	350	$	421	$	(71)	
Property Taxes	$	80	$	40	$	8	$	32	
Meeting Room	$	1,701	$	851	$	425	$	425	
Boundary Amendment	$	-	$	-	$	2,314	$	(2,314)	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	131,480	$	74,616	$	65,610	$	9,006	

Rolling Oaks
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Operations and Maintenance Expenses					
Field Operations					
Property Insurance	$	15,384	$	15,384	$	12,038	$	3,346	
Electric	$	16,614	$	8,307	$	5,027	$	3,280	
Streetlights	$	183,496	$	91,748	$	113,552	$	(21,804)	
Utility-Water and Sewer	$	172,192	$	86,096	$	58,474	$	27,622	
Landscape Maintenance	$	173,088	$	86,544	$	155,573	$	(69,029)	
Landscape Enhancements	$	50,000	$	25,000	$	-	$	25,000	
Landscape Irrigation	$	6,500	$	3,250	$	4,755	$	(1,505)	
Lawn Mowing/Trimming	$	12,000	$	6,000	$	-	$	6,000	
Lake Maintenance	$	45,007	$	22,504	$	23,686	$	(1,183)	
Contingency	$	7,370	$	3,685	$	6,700	$	(3,015)	
Total Operations and Maintenance:	$	681,651	$	348,518	$	379,806	$	(31,289)	
					
Total Expenditures	$	813,131	$	423,134	$	445,416	$	(22,283)	
					
Excess Revenues (Expenditures)	$	-		$	172,369		
					
Fund Balance - Beginning	$	-		$	88,459		
					
Fund Balance - Ending	$	-		$	260,828		

Rolling Oaks
Community Development District Debt Service Fund - Series 2016
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues		
Assessments - Tax Roll	$	1,125,001	$	829,002	$	829,002	$	-	
Interest	$	500	$	500	$	48,307	$	47,807	
Total Revenues	$	1,125,501	$	829,502	$	877,310	$	47,807	

Expenditures:					
Interest - 11/01	$	423,153	$	423,153	$	423,153	$	-	
Principal - 11/01	$	275,000	$	275,000	$	275,000	$	-	
Interest - 05/01	$	415,934	$	-	$	-	$	-	
Total Expenditures	$	1,114,087	$	698,153	$	698,153	$	-	
					
Excess Revenues (Expenditures)	$	11,414		$	179,156		
					
Fund Balance - Beginning	$	921,703		$	2,063,258		
					
Fund Balance - Ending	$	933,117		$	2,242,414		

Rolling Oaks
Community Development District Debt Service Fund - Series 2018
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues		
Assessments	$	899,947	$	663,163	$	663,163	$	-	
Interest	$	500	$	500	$	35,863	$	35,363	
Total Revenues	$	900,447	$	663,663	$	699,025	$	35,363	

Expenditures:					
Interest - 11/01	$	337,359	$	337,359	$	337,359	$	-	
Principal - 11/01	$	225,000	$	225,000	$	225,000	$	-	
Interest - 05/01	$	332,438	$	-	$	-	$	-	
Total Expenditures	$	894,797	$	562,359	$	562,359	$	-	
					
Excess Revenues (Expenditures)	$	5,650		$	136,666		
					
Fund Balance - Beginning	$	661,541		$	1,567,492		
					
Fund Balance - Ending	$	667,191		$	1,704,158		

Rolling Oaks
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues		
Assessments - Direct	$	576,163	$	288,081	$	288,081	$	-	
Interest	$	-	$	-	$	18,230	$	18,230	
Total Revenues	$	576,163	$	288,081	$	306,311	$	18,230	

Expenditures:					
Interest - 11/01	$	242,247	$	242,247	$	242,247	$	-	
Principal - 05/01	$	90,000	$	-	$	-	$	-	
Interest - 05/01	$	242,247	$	-	$	-	$	-	
Total Expenditures	$	574,494	$	242,247	$	242,247	$	-	
					
Excess Revenues (Expenditures)	$	1,669		$	64,064		
					
Fund Balance - Beginning	$	269,953		$	852,305		
					
Fund Balance - Ending	$	271,622		$	916,369		

Rolling Oaks
Community Development District Capital Projects Fund - Series 2016
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues

Interest	

$	

-	$	

-	$	168	

$	

168	
Total Revenues	$	-	$	-	$	168	$	168	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	-	$	168			
						
Fund Balance - Beginning	$	-	$	6,390			
						
Fund Balance - Ending	$	-	$	6,558			

Rolling Oaks
Community Development District Capital Projects Fund - Series 2018
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues

Interest	

$	

-	$	

-	$	64	

$	

64	
Total Revenues	$	-	$	-	$	64	$	64	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	-	$	64			
						
Fund Balance - Beginning	$	-	$	2,442			
						
Fund Balance - Ending	$	-	$	2,507			

Rolling Oaks
Community Development District Capital Projects Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues

Interest	

$	

-	$	

-	$	30	

$	

30	
Total Revenues	$	-	$	-	$	30	$	30	

Expenditures:

Capital Outlay - Construction	

$	

-	$	

-	$	-	

$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	-	$	30			
						
Fund Balance - Beginning	$	-	$	1,152			
						
Fund Balance - Ending	$	-	$	1,183			

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	$	-	$	58,190	$	353,972	$	29,380	$	29,331	$	6,266	$	-  $	-  $	-  $	-  $	-  $	-  $	477,139	
Assessments - Direct	$	-	$	-	$	-	$	-	$	82,813	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	82,813	
Developer Contributions	$	56,570	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	56,570	
Boundary Amendment Contributions	$	-	$	-	$	-	$	-	$	581	$	683	$	-  $	-  $	-  $	-  $	-  $	-  $	1,264	
Total Revenues	$	56,570	$	58,190	$	353,972	$	29,380	$	112,725	$	6,949	$	-  $	-  $	-  $	-  $	-  $	-  $	617,786	

Expenditures:								
General & Administrative:								
Supervisor Fees	$	-	$	1,800	$	1,000	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	2,800	
FICA Expense	$	-	$	138	$	77	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	214	
Engineering	$	-	$	313	$	-	$	1,125	$	2,131	$	3,200	$	-  $	-  $	-  $	-  $	-  $	-  $	6,769	
Attorney	$	284	$	-	$	-	$	391	$	35	$	284	$	-  $	-  $	-  $	-  $	-  $	-  $	994	
Arbitrage	$	-	$	450	$	900	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	1,350	
Dissemination	$	667	$	667	$	667	$	667	$	667	$	667	$	-  $	-  $	-  $	-  $	-  $	-  $	4,000	
Assessment Administration	$	10,000	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-	$	-  $	-  $	10,000	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Trustee Fees	$	7,000	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	7,000	
Management Fees	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	-  $	-  $	-  $	-  $	-  $	-  $	20,062	
Information Technology	$	104	$	104	$	104	$	104	$	104	$	104	$	-  $	-  $	-  $	-  $	-  $	-  $	625	
Website Maintenance	$	62	$	62	$	62	$	62	$	62	$	62	$	-  $	-  $	-  $	-  $	-  $	-  $	372	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage	$	31	$	61	$	39	$	5	$	53	$	5	$	-  $	-  $	-  $	-  $	-  $	-  $	195	
Insurance	$	7,126	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	7,126	
Printing & Binding	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising	$	191	$	80	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	270	
Other Current Charges	$	39	$	288	$	40	$	39	$	41	$	41	$	-  $	-  $	-  $	-  $	-  $	-  $	488	
Office Supplies	$	0	$	0	$	1	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	2	
Property Appraiser Fee	$	-	$	-	$	-	$	-	$	421	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	421	
Property Taxes	$	-	$	8	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	8	
Meeting Room	$	284	$	-	$	-	$	-	$	-	$	142	$	-  $	-  $	-  $	-  $	-  $	-  $	425	
Boundary Amendment	$	-	$	158	$	-	$	581	$	683	$	893	$	-  $	-  $	-  $	-  $	-  $	-  $	2,314	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative:	$	29,306	$	7,472	$	6,232	$	6,317	$	7,541	$	8,741	$	-  $	-  $	-  $	-  $	-  $	-  $	65,610	

Rolling Oaks
Community Development District Month to Month

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

Operations and Maintenance Expenses		
Field Operations		
Property Insurance	$	12,038	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	12,038	
Utility - Electric	$	1,025	$	997	$	951	$	740	$	689	$	625	$	-  $	-  $	-  $	-  $	-  $	-  $	5,027	
Streetlights	$	43,055	$	15,977	$	13,360	$	9,998	$	17,477	$	13,684	$	-  $	-  $	-  $	-  $	-  $	-  $	113,552	
Utility - Water & Sewer	$	361	$	3,083	$	17,077	$	12,205	$	9,754	$	15,993	$	-  $	-  $	-  $	-  $	-  $	-  $	58,474	
Landscape Maintenance	$	22,370	$	32,508	$	19,008	$	22,725	$	39,262	$	19,702	$	-  $	-  $	-  $	-  $	-  $	-  $	155,573	
Landscape Enhancements	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Landscape Irrigation	$	1,400	$	1,231	$	2,124	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	4,755	
Lawn Mowing/Trimming	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Lake Maintenance	$	5,124	$	4,783	$	3,224	$	4,485	$	2,847	$	3,224	$	-  $	-  $	-  $	-  $	-  $	-  $	23,686	
Contingency	$	6,700	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	6,700	
Total Operations and Maintenance Expenses	$	92,074	$	58,579	$	55,744	$	50,153	$	70,029	$	53,228	$	-  $	-  $	-  $	-  $	-  $	-  $	379,806	
								
Total Expenditures	$	121,380	$	66,052	$	61,975	$	56,470	$	77,570	$	61,969	$	-  $	-  $	-  $	-  $	-  $	-  $	445,416	
								
Excess Revenues (Expenditures)	$	(64,810)	$	(7,861)	$	291,996	$	(27,090)	$	35,155	$	(55,020)	$	-  $	-  $	-  $	-  $	-  $	-  $	172,369	

Rolling Oaks
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

Gross Assessments	$	688,833.60	$	1,196,810.00	$	957,391.06	$ 2,843,034.66	
Net Assessments	$	647,503.58	$	1,125,001.40	$	899,947.60	$ 2,672,452.58	
	24%	42%	34%	100%	

Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	General Fund	2016 Debt Service	2018 Debt Service	Total	

11/10/23	
ACH	
$	9,816.07	
$	(515.35)	
$	(186.01)	
$	-	
$	9,114.71	
$	2,208.39	
$	3,836.95	
$	3,069.38	
$	9,114.71	
11/24/23	ACH	$	245,593.62	$	(9,823.68)	$	(4,715.40)	$	-	$	231,054.54	$	55,981.78	$	97,265.22	$	77,807.55	$ 231,054.54	
12/11/23	ACH	$	1,497,991.54	$	(58,720.91)	$  (29,959.84)	$	-	$	1,409,310.79	$	341,459.30	$	593,266.51	$	474,584.98	$ 1,409,310.79	
12/22/23	ACH	$	54,576.36	$	(1,879.84)	$	(1,053.92)	$	-	$	51,642.60	$	12,512.39	$	21,739.58	$	17,390.63	$	51,642.60	
1/9/24	ACH	$	5,704.03	$	(171.11)	$	(110.67)	$	-	$	5,422.25	$	1,313.75	$	2,282.56	$	1,825.94	$	5,422.25	
1/9/24	ACH	$	120,047.12	$	(3,601.48)	$	(2,328.91)	$	-	$	114,116.73	$	27,649.14	$	48,038.82	$	38,428.77	$ 114,116.73	
1/31/24	ACH	$	-	$	-	$	-	$	1,721.35	$	1,721.35	$	417.07	$	724.62	$	579.66	$	1,721.35	
2/7/24	ACH	$	126,111.16	$	(2,582.86)	$	(2,470.57)	$	-	$	121,057.73	$	29,330.86	$	50,960.72	$	40,766.15	$ 121,057.73	
3/8/24	ACH	$	26,657.65	$	(266.57)	$	(527.82)	$	-	$	25,863.26	$	6,266.37	$	10,887.45	$	8,709.44	$	25,863.26	
	Total	$	2,086,497.55	$	(77,561.80)	$  (41,353.14)	$	1,721.35	$	1,969,303.96	$	477,139.05	$	829,002.43	$	663,162.50	$ 1,969,303.96	

74%  Net Percent Collected
$	703,148.62  Balance Remaining to Collect

DIRECT BILL ASSESSMENTS

Rolling Oaks Splendid, LLC
2024-01			
Net Assessments	
$	741,787.61	
$	165,626.50	
$	576,161.11	
Date Received	Due Date	Check Number	O&M Total	S2022 Debt Total	Amount Received	General Fund	Series 2022	
2/21/24	12/1/23	200077	$	82,813.25	$	288,080.56	$	370,893.81	$	82,813.25	$	288,080.56	
4/12/24	2/1/24	Wire	$	41,406.63	$	144,040.28	$	185,446.90	$	41,406.63	$	144,040.28	
	5/1/24		$	41,406.63	$	144,040.28				
			$ 165,626.51	$	576,161.12	$	556,340.71	$	124,219.88	$	432,120.84	

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	$1,154,510	
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)	
LESS: PRINCIPAL PAYMENT 11/1/23	($275,000)	
CURRENT BONDS OUTSTANDING	$14,155,000	

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	$923,670	
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)	
LESS: PRINCIPAL PAYMENT 11/1/23	($225,000)	
CURRENT BONDS OUTSTANDING	$12,320,000	

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	$591,437	
BONDS OUTSTANDING - 11/22/22	$7,635,000	
CURRENT BONDS OUTSTANDING	$7,635,000	

	Rolling Oaks		
	Community Development District		
	Special Assessment Bonds, Series 2016		
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	
5/1/23	Interest	$	24.28	
6/1/23	Interest	$	26.39	
7/1/23	Interest	$	25.85	
8/1/23	Interest	$	27.03	
9/1/23	Interest	$	28.14	
	TOTAL	$	4,987.06	

Acquisition/Construction Fund at 09/30/2022 Interest Earned and Transfer In thru 09/30/23 Requisitions Paid thru 09/30/23

$	1,402.97
$	4,987.06
$	-

	Remaining Acquisition/Construction Fund	 $	6,390.03 	
Fiscal Year 2024			
10/1/23	Interest	$	27.46	
11/1/23	Interest	$	28.51	
12/1/23	Interest	$	27.75	
1/1/24	Interest	$	28.81	
2/1/24	Interest	$	28.85	
3/1/24	Interest	$	27.02	
	TOTAL	$	168.40	

Acquisition/Construction Fund at 09/30/2023 Interest Earned and Transfer In thru 12/31/23 Requisitions Paid thru 12/31/23

Remaining Acquisition/Construction Fund

$	6,390.03
$	168.40
$	-

 $	6,558.43 

Rolling Oaks
Community Development District Special Assessment Bonds, Series 2018
Date	Requisition #	Contractor	Description	Requisitions	
Fiscal Year 2023					
2/28/23	6	Rolling Oaks CDD	Reimburse RO O&M Ithink Graphics Invoice # 78762 - Custom Wildlife Signs	$1,629.98	
		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	
5/1/23		Interest		$	9.28	
6/1/23		Interest		$	10.09	
7/1/23		Interest		$	9.88	
8/1/23		Interest		$	10.33	
9/1/23		Interest		$	10.76	
		TOTAL		$	3,906.60	
			
Acquisition/Construction Fund at 09/30/22	
$	165.62	
			Interest Earned 09/30/23	$	3,906.60	
			Requisitions Paid thru 09/30/23	$	(1,629.98)	
			Remaining Acquisition/Construction Fund	 $	2,442.24 	

Fiscal Year 2024				
10/1/23	Interest		$	10.49	
11/1/23	Interest		$	10.89	
12/1/23	Interest		$	10.61	
1/1/24	Interest		$	11.01	
2/1/24	Interest		$	11.02	
3/1/24	Interest		$	10.32	
	TOTAL		$	64.34	
		
Acquisition/Construction Fund at 09/30/23 Interest Earned 12/31/23
Requisitions Paid thru 12/31/23	
$	2,442.24
$	64.34
$	-	
Remaining Acquisition/Construction Fund	 $	2,506.58 	

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	
1/1/23		Interest		$	12,684.83	
2/1/23		Interest		$	1,625.30	
3/1/23		Interest		$	1,124.42	
4/1/23		Interest		$	4.20	
5/1/23		Interest		$	4.38	
6/1/23		Interest		$	4.76	
7/1/23		Interest		$	4.66	
8/1/23		Interest		$	4.87	
9/1/23		Interest		$	5.07	
		TOTAL		$	20,920.32	
	
Acquisition/Construction Fund at 11/22/2022	
$	6,220,765.38	
	Interest Earned 06/30/23	$	20,920.32	
	Requisitions Paid thru 06/30/23	$  (6,240,533.34)	
	Remaining Acquisition/Construction Fund	 $	1,152.36 	
Fiscal Year 2024			
10/1/23	Interest	$	4.95	
11/1/23	Interest	$	5.14	
12/1/23	Interest	$	5.00	
1/1/24	Interest	$	5.19	
2/1/24	Interest	$	5.20	
3/1/24	Interest	$	4.87	
	TOTAL	$	30.35	

Acquisition/Construction Fund at 09/30/2023 Interest Earned 12/31/23
Requisitions Paid thru 12/31/23

$	1,152.36
$	30.35
$	-

Remaining Acquisition/Construction Fund	 $	1,182.71 

Section 3

MARY JANE ARRINGTON
OSCEOLA COUNTY SUPERVISOR OF ELECTIONS

RECEIVED

April 19, 2024

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

APR 2 5 2024
BY:		

RE:	Rolling Oaks Community Development District - Registered Voters Dear Ms. Peterson:
Thank you for your letter requesting confirmation of the number of registered voters within
the Rolling Oaks Community Development District as of April 15, 2024.

-a+

The number of registered voters within the Rolling Oaks COD is 228 as of April 15, 2024. If I can be of further assistance, please contact me at 407.742.6000.
Respectfully yours,

Mary Jane Arrington Supervisor of Elections

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

Section 4