Rolling Oaks Community Development District

Agenda November 21, 2024

Agenda

Rolling Oaks
Community Development District

November 14, 2024
Board of Supervisors

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

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, November 21, 2024, at 3:00 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
Landowners’ Meeting
Determination of Number of Voting Units Represented
Call to Order
Election of Chairman for the Purpose of Conducting the Landowners’ Meeting
Nominations for the Positions of Supervisors (3)
Casting of Ballots
Tabulation of Ballots and Announcement of Results
Landowners’ Questions and Comments
Adjournment
Board of Supervisors Meeting
Roll Call
Public Comment Period
Organizational Matters
Administration of Oaths of Office to Newly Elected Board Members
Consideration of Resolution 2025-01 Canvassing and Certifying the Results of the
Landowners’ Election
Election of Officers
Consideration of Resolution 2025-02 Electing Officers
Approval of Minutes of the October 24, 2024 Board of Supervisors Meeting
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Field Manager’s Report
Supervisor’s Requests
Next Meeting Date – January 23, 2025 at the Crescent Moon Room
Adjournment
Sincerely,
Tricia Adams
Tricia Adams District Manager

Landowners'
Meeting

INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS
DATE OF LANDOWNERS’ MEETING: Thursday, November 21, 2024
TIME: 3:00 PM
LOCATION: Margaritaville Resort Orlando, 8000 Fins Up Circle, Kissimmee, FL 34747

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 by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful landowner candidate 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.

Board of Supervisors Meeting

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RESOLUTION 2025-01

A RESOLUTION CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS’ ELECTION OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES
WHEREAS, pursuant to Section 190.006(2), Florida Statute, a landowners’ meeting is required to be held within 90 days of the District’s creation and every two years following the creation of a Community Development District for the purpose of electing three (3) supervisors for the District; and

WHEREAS, following proper notice of once a week for 2 consecutive weeks in a newspaper of general circulation in the area of the District, the last day of such publication to be not fewer than 14 days or more than 28 days before the date of the election, such landowners’ meeting was held on November 21, 2024, at which the below-recited persons were duly elected by virtue of the votes cast in their respective favor; and
WHEREAS, the Board of Supervisors by means of this Resolution desire to canvas the votes and declare and certify the results of said election;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT:
The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as follows:

Supervisor	# of Votes	Terms

4 Year Term

4 Year Term
2 Year Term

The terms of office shall commence immediately upon the adoption of this Resolution:

PASSED AND ADOPTED this 21st day of November, 2024.

ATTEST:	ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT

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RESOLUTION 2025-02
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the 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

WHEREAS, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the District.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT:
Section 1.	The following persons are elected to the offices shown:

Chairman	 		
Vice Chairman	 		
Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Treasurer	 		
Assistant Treasurer	 		

Section 2.	This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 21st day of November, 2024.

ATTEST:	ROLLING OAKS COMMUNITY DEVELOPMENT DISTRICT

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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, October 24, 2024 at 1:03 p.m. at the Crescent Moon Room, 3151 Sunset Walk Drive, Kissimmee, Florida.

Present and constituting a quorum were:

John Chiste	Chairman via Zoom
Jared Bouskila	Vice Chairman
Cora DiFiore	Assistant Secretary via Zoom
Peter Brown	Assistant Secretary
Steven Dougherty	Assistant Secretary Also present were:
Tricia Adams	District Manager
Cari Webster	District Counsel
Robert Walker	District Engineer via Zoom
Clayton Smith	Field Services Manager via Zoom
Ashley Hilyard	Field Services

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 1:03 p.m. and called the roll.

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

THIRD ORDER OF BUSINESS	Approval of the Minutes of the September 26,
2024 Meeting

On MOTION by Mr. Brown seconded by Mr. Dougherty with all in favor the minutes of the September 26, 2024 meeting were approved as presented.

October 24, 2024	Rolling Oaks CDD

FOURTH ORDER OF BUSINESS	Consideration of Encroachment Agreement
for a Building Pad with MV Rolling Oaks Retail, LLC
Ms. Adams stated this is for a building pad on Inspiration Drive and this agreement assigns the maintenance responsibilities to MV Rolling Oaks Retail, LLC and there are also indemnifications provisions. This agreement was prepared by district counsel.

On MOTION by Mr. Brown seconded by Mr. Bouskila with all in favor the Encroachment Agreement for a building pad with MV Rolling Oaks Retail, LLC was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	License	Agreement	for
Entry Gates with Rolling Oaks Splendid, LLC
Ms. Adams stated next is consideration of a license agreement for the entry gates with Rolling Oaks Splendid, LLC. There are five entrances and five areas where Rolling Oaks Splendid has installed gate equipment. This agreement indemnifies the district and assigns the maintenance responsibilities to Rolling Oaks Splendid, LLC. Subsequent to the agenda this agreement was circulated for comment and one of the comments that came back regarding the five entrance gates agreement is that the initial term of the agreement be 10-years with automatic renewal instead of 5-years. We are going to ask the board to consider the term as 10-years. This agreement was prepared by district counsel.

On MOTION by Mr. Brown seconded by Mr. Bouskila with all in favor the License Agreement for entry gates with Rolling Oaks Splendid, LLC was approved.

SIXTH ORDER OF BUSINESS	Consideration of Mutual Use Agreement for
Directional	Signage	with	Rolling	Oaks Splendid, LLC
Ms. Adams stated this agreement is for the provision of directional signage that has been installed on CDD property. There is a diagram as an exhibit to the agreement that identifies where the directional sign has been installed. This agreement has been circulated for review subsequent to publication of the agenda. The one comment that came back was regarding provision 24 with

October 24, 2024	Rolling Oaks CDD

the wording update to be but shall not be unreasonably withheld. This agreement was prepared by district counsel.

On MOTION by Mr. Chiste seconded by Mr. Brown with all in favor the Mutual Use Agreement for directional signage with Rolling Oaks Splendid, LLC was approved.

SEVENTH ORDER OF BUSINESS	Review and Approval of Field Management
Services Agreement
Ms. Adams stated this agreement has been reviewed by district counsel. This agreement is based on the terms of the proposal that the board approved last month with Governmental Management Services-Central Florida, LLC to be effective October 1, 2024. Attached as an exhibit is the scope that the board previously reviewed as well as a certificate of insurance.

On MOTION by Mr. Dougherty seconded by Mr. Bouskila with all in favor the Agreement for Field Management Services was approved.

EIGHTH ORDER OF BUSINESS	Ratification  of  Revised  Fiscal  Year  2025
Meeting Schedule

On MOTION by Mr. Bouskila seconded by Mr. Dougherty with all in favor the Revised Meeting Schedule for Fiscal Year 2025 was ratified.

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

Engineer
There being no comments, the next item followed. Mr. Walker left the meeting at this time.

Manager

3

October 24, 2024	Rolling Oaks CDD

Approval of Check Register

On MOTION by Mr. Bouskila seconded by Mr. Dougherty 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.

Field Manager
Ms. Hilyard presented the Field Manager’s Report. She stated the landscapers and I were onsite to assess storm damage and debris. We had the roadways and sidewalks cleared within a day or so. I’m coordinate with the landscaping team to address any noted site issues. We have some landscape enhancements that need to be made and I will do a ride along next week and put eyes on all those things.

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

ELEVENTH ORDER OF BUSINESS	Next Meeting Date- November 21, 2024 at
Margaritaville Resort Orlando
Ms. Adams stated the next meeting is scheduled for November 21, 2024 at 3:00 p.m.

TWELFTH ORDER OF BUSINESS	Adjournment

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

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Section 1

Rolling Oaks
Community Development District

Summary of Check Register

October 01, 2024 to October 31, 2024

Fund	Date	Check No.'s	Amount

.

General Fund		
	10/1/24	625	$	95.60	
	10/15/24	626-631	$	152,810.17	
	10/23/24	632-633	$	269.05	
	10/28/24	634	$	14,295.09	

Total Amount	$	167,469.91

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 11/20/24	PAGE	1
*** CHECK DATES 10/01/2024 - 10/31/2024 ***	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	#
10/01/24 00023	9/19/24 AEF0E159 202409 310-51300-48000	*	95.60
REV NOT FY25 MEETING DATS
OSCEOLA NEWS GAZETTE	95.60 000625
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00042 10/07/24 2392	202410 310-51300-49300	*	135.45
CRESCENT MOON MEETING RM
EMBASSY SUITES BY HILTON ORLANDO	135.45 000626
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/16/24 00042 10/07/24 2392	202410 310-51300-49300	V	135.45-
CRESCENT MOON MEETING RM
EMBASSY SUITES BY HILTON ORLANDO	135.45-000626
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00001	8/31/24 139	202408 320-53800-48000	*	500.00
INSPECT WATER LEAK/GUARD
10/01/24 140	202410 310-51300-34000	*	3,541.67
MANAGEMENT FEES OCT24
10/01/24 140	202410 310-51300-35200	*	65.08
WEBSITE ADMIN OCT24
10/01/24 140	202410 310-51300-35100	*	109.42
INFORMATION TECH OCT24
10/01/24 140	202410 310-51300-31300	*	700.00
DISSEMINATION SVCS OCT24
10/01/24 140	202410 310-51300-51000	*	.18
OFFICE SUPPLIES OCT24
10/01/24 140	202410 310-51300-42000	*	50.18
POSTAGE OCT24
10/01/24 141	202410 320-53800-34000	*	1,950.00
FIELD MANAGEMENT OCT24
GOVERNMENTAL MANAGEMENT SERVICES	6,916.53 000627
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00013 10/07/24 10072024 202410 300-20700-10300	*	154.58
TXFER OF TAX RCPTS S2018
ROLLING OAKS CDD C/O REGIONS BANK	154.58 000628
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00013 10/07/24 10072024 202410 300-20700-10300	*	144,040.27
TXFER OF TAX RCPTS S2022
ROLLING OAKS CDD C/O REGIONS BANK	144,040.27 000629
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00013 10/07/24 10072024 202410 300-20700-10300	*	193.24
TXFER OF TAX RCPTS S2016
ROLLING OAKS CDD C/O REGIONS BANK	193.24 000630
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/15/24 00038	9/25/24 772719	202409 320-53800-46201	*	1,505.55
IRRIGATION REPAIRS SEP24
YELLOWSTONE LANDSCAPE-SOUTHEAST LLC	1,505.55 000631
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
ROAK ROLLING OAKS	IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 11/20/24	PAGE	2
*** CHECK DATES 10/01/2024 - 10/31/2024 ***	ROLLING OAKS GENERAL FUND

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	....CHECK..... AMOUNT	#	
10/23/24 00002	10/01/24 91191	202410 310-51300-54000	*
DEPARTMENT OF ECONOMIC OPPORTUNITY		175.00	
175.00 000632	
- - - - - - - - 10/23/24 00023	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/07/24 AEF0E159 202410 310-51300-48000	*
OSCEOLA NEWS GAZETTE	- - - -	- - - - - -	- - - - - - - -

94.05 000633	
- - - - - - - - 10/28/24 00019	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/30/24 PSI10997 202409 320-53800-49000	*
10/02/24 PSI11736 202410 320-53800-47000	*	- - - -	- - - - - -

1,311.23	- - - - - - - -	
	QTRLY POND MAINT OCT24
10/02/24 PSI11745 202410 320-53800-47000	*		2,152.32		
	POND MAINTENANCE OCT24
10/02/24 PSI11747 202410 320-53800-47000	*		1,200.36		
	POND MAINTENANCE OCT24
10/02/24 PSI11750 202410 320-53800-47000	*		665.15		
	SEMI ANN POND MAINT OCT24
10/14/24 PSI11786 202410 320-53800-49000	*		1,130.20		
	FOUNT/AERATOR SVCS OCT24
SOLITUDE LAKE MANAGEMENT LLC DBA			14,295.09 000634	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - -	- - - - - -	- - - - - - - -	
	TOTAL FOR BANK A		167,469.91		
	TOTAL FOR REGISTER		167,469.91		

BANK A GENERAL FUND

SPECIAL DISTRICT FEE FY25

REV BOS MEETING DATES

94.05

FOUNT/AERATOR SVC SEP24

7,835.83

ROAK ROLLING OAKS	IARAUJO

Section 2

Rolling Oaks
Community Development District

Unaudited Financial Reporting
October 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	
	Long Term Debt Schedule	

13	
	Series 2016 Construction Schedule	

14	
	Series 2018 Construction Schedule	

15	
	Series 2022 Construction Schedule	

Rolling Oaks
Community Development District Combined Balance Sheet
October 31, 2024

General
Fund

Debt Service
Fund

Capital Projects	Totals
Fund	Governmental Funds

Assets:
Operating Account - Suntrust	$	195,532	$	-	$	-	$	195,532	
Due from General Fund	$	-	$	17,172	$	-	$	17,172	
Due From Developer	$	244	$	-	$	-	$	244	
Investments
Series 2016
Reserve	

$	-	$	1,159,506	

$	-	$	1,159,506	
Revenue	$	-	$	339,509	$	-	$	339,509	
Principal	$	-	$	251	$	-	$	251	
Interest	$	-	$	415,210	$	-	$	415,210	
Sinking Fund	$	-	$	290,026	$	-	$	290,026	
Prepayment	$	-	$	27,730	$	-	$	27,730	
Construction
Series 2018
Reserve	$	-	$	-

$	-	$	903,660	$	6,760	$	6,760

$	-	$	903,660	
Revenue	$	-	$	206,313	$	-	$	206,313	
Interest	$	-	$	331,620	$	-	$	331,620	
Principal	$	-	$	542	$	-	$	542	
Prepayment	$	-	$	530	$	-	$	530	
Sinking Fund	$	-	$	230,000	$	-	$	230,000	
Construction
Series 2022
Reserve	$	-	$	-

$	-	$	578,616	$	2,584	$	2,584

$	-	$	578,616	
Revenue	$	-	$	77,508	$	-	$	77,508	
Interest	$	-	$	239,718	$	-	$	239,718	
Capitalized Interest	$	-	$	98	$	-	$	98	
Sinking Fund	$	-	$	209	$	-	$	209	
Construction	$	-	$	-	$	1,219	$	1,219	
Total Assets	$	195,776	$	4,818,219	$	10,563	$	5,024,558	
Liabilities:
Accounts Payable	

$	31,570	

$	

-	$	-	$	31,570	
Due to Debt Service	$	17,172	$	-	$	-	$	17,172	
Total Liabilities	$	48,742	$	-	$	-	$	48,742	

Fund Balances:
Unassigned	

$	147,034	

$	

-	$	-	$	147,034	
Assigned for Debt Service 2016	$	-	$	2,241,773	$	-	$	2,241,773	
Assigned for Debt Service 2018	$	-	$	1,680,296	$	-	$	1,680,296	
Assigned for Debt Service 2022	$	-	$	896,149	$	-	$	896,149	
Assigned for Capital Projects 2016	$	-	$	-	$	6,760	$	6,760	
Assigned for Capital Projects 2018	$	-	$	-	$	2,584	$	2,584	
Assigned for Capital Projects 2022	$	-	$	-	$	1,219	$	1,219	
Total Fund Balances	$	147,034	$	4,818,219	$	10,563	$	4,975,816	
					
Total Liabilities & Fund Balance	$	195,776	$	4,818,219	$	10,563	$	5,024,558	

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

	Adopted	Prorated Budget	Actual		
	Budget	Thru 10/31/24	Thru 10/31/24	Variance	

Revenues					
Assessments	$	813,131	$	-	$	-	$	-	
Developer Contributions	$	201,431	$	-	$	-	$	-	
Total Revenues	$	1,014,562	$	-	$	-	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	1,000	$	2,000	$	(1,000)	
FICA Expense	$	918	$	77	$	153	$	(77)	
Engineering	$	10,000	$	833	$	-	$	833	
Attorney	$	15,000	$	1,250	$	-	$	1,250	
Arbitrage	$	1,350	$	-	$	-	$	-	
Dissemination	$	8,400	$	700	$	700	$	-	
Assessment Administration	$	10,500	$	10,500	$	10,500	$	-	
Annual Audit	$	3,450	$	-	$	-	$	-	
Trustee Fees	$	11,041	$	7,000	$	7,000	$	-	
Management Fees	$	42,500	$	3,542	$	3,542	$	-	
Information Technology	$	1,313	$	109	$	109	$	-	
Website Maintenance	$	781	$	65	$	65	$	-	
Telephone	$	100	$	8	$	-	$	8	
Postage	$	800	$	67	$	50	$	16	
Insurance	$	7,839	$	7,839	$	7,624	$	215	
Printing & Binding	$	800	$	67	$	-	$	67	
Legal Advertising	$	2,000	$	167	$	304	$	(138)	
Other Current Charges	$	2,000	$	167	$	41	$	126	
Office Supplies	$	130	$	11	$	0	$	11	
Property Appraiser Fee	$	350	$	-	$	-	$	-	
Property Taxes	$	80	$	7	$	-	$	7	
Meeting Room	$	1,701	$	142	$	-	$	142	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	133,228	$	33,724	$	32,264	$	1,460	

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

	Adopted	Prorated Budget	Actual		
	Budget	Thru 10/31/24	Thru 10/31/24	Variance	

Operations and Maintenance Expenses					
Field Operations					
Field Management	$	-	$	-	$	1,950	$	(1,950)	
Property Insurance	$	13,603	$	13,603	$	7,282	$	6,321	
Electric	$	16,614	$	1,385	$	639	$	745	
Streetlights	$	229,217	$	19,101	$	13,616	$	5,486	
Utility-Water and Sewer	$	172,192	$	14,349	$	15,636	$	(1,287)	
Landscape Maintenance	$	263,900	$	21,992	$	21,992	$	(0)	
Landscape Enhancements	$	50,000	$	4,167	$	-	$	4,167	
Landscape Irrigation	$	10,000	$	833	$	-	$	833	
Fountain Maintenance	$	59,000	$	4,917	$	-	$	4,917	
Lake Maintenance	$	46,807	$	3,901	$	5,329	$	(1,428)	
Pressure Washing	$	10,000	$	833	$	-	$	833	
Contingency	$	10,000	$	833	$	1,130	$	(297)	
Total Operations and Maintenance:	$	881,334	$	85,914	$	67,574	$	18,340	
					
Total Expenditures	$	1,014,562	$	119,638	$	99,838	$	19,800	
					
Excess Revenues (Expenditures)	$	0		$	(99,838)		
					
Fund Balance - Beginning	$	-		$	246,873		
					
Fund Balance - Ending	$	0		$	147,034		

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

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/24	Thru 10/31/24	Variance	

Revenues		
Assessments - Tax Roll	$	1,120,501	$	-	$	-	$	-	
Interest	$	50,000	$	8,813	$	8,813	$	-	
Total Revenues	$	1,170,501	$	8,813	$	8,813	$	-	

Expenditures:						
Interest - 11/01	$	415,934	$	-	$	-	$	-	
Principal - 11/01	$	290,000	$	-	$	-	$	-	
Interest - 05/01	$	408,322	$	-	$	-	$	-	
Total Expenditures	$	1,114,256	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	56,245		$	8,813			
						
Fund Balance - Beginning	$	1,081,453		$	2,232,960			
						
Fund Balance - Ending	$	1,137,698		$	2,241,773			

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

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/24	Thru 10/31/24	Variance	

Revenues		
Assessments	$	897,697	$	-	$	-	$	-	
Interest	$	20,000	$	7,202	$	7,202	$	-	
Total Revenues	$	917,697	$	7,202	$	7,202	$	-	

Expenditures:						
Interest - 11/01	$	329,056	$	-	$	-	$	-	
Principal - 11/01	$	230,000	$	-	$	-	$	-	
Interest - 05/01	$	323,450	$	-	$	-	$	-	
Total Expenditures	$	882,506	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	35,191		$	7,202			
						
Fund Balance - Beginning	$	750,615		$	1,673,094			
						
Fund Balance - Ending	$	785,806		$	1,680,296			

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

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/24	Thru 10/31/24	Variance	

Revenues		
Assessments - Direct	$	576,163	$	-	$	-	$	-	
Interest	$	10,000	$	3,107	$	3,107	$	-	
Total Revenues	$	586,163	$	3,107	$	3,107	$	-	

Expenditures:						
Interest - 11/01	$	239,716	$	-	$	-	$	-	
Principal - 05/01	$	95,000	$	-	$	-	$	-	
Interest - 05/01	$	239,716	$	-	$	-	$	-	
Total Expenditures	$	574,431	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	11,732		$	3,107			
						
Fund Balance - Beginning	$	309,245		$	893,043			
						
Fund Balance - Ending	$	320,977		$	896,149			

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

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/24	Thru 10/31/24	Variance	

Revenues

Interest	

$	

-	$	

-	$	28	

$	

28	
Total Revenues	$	-	$	-	$	28	$	28	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	-	$	28			
						
Fund Balance - Beginning	$	-	$	6,732			
						
Fund Balance - Ending	$	-	$	6,760			

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

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/24	Thru 10/31/24	Variance	

Revenues

Interest	

$	

-	$	

-	$	11	

$	

11	
Total Revenues	$	-	$	-	$	11	$	11	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	-	$	11			
						
Fund Balance - Beginning	$	-	$	2,573			
						
Fund Balance - Ending	$	-	$	2,584			

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

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/24	Thru 10/31/24	Variance	

Revenues

Interest	

$	

-	$	

-	$	5	

$	

5	
Total Revenues	$	-	$	-	$	5	$	5	

Expenditures:

Capital Outlay - Construction	

$	

-	$	

-	$	-	

$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)	$	-	$	5			
						
Fund Balance - Beginning	$	-	$	1,214			
						
Fund Balance - Ending	$	-	$	1,219			

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	$	-  $	-  $	-  $		-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-  $	-	
Assessments - Direct	$	-  $	-  $	-  $		-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-  $	-	
Developer Contributions	$	-  $	-  $	-  $		-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-  $	-	
Boundary Amendment Contributions	$	-  $	-  $	-  $		-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-  $	-	
Total Revenues	$	-  $	-  $	-  $		-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-  $	-	

Expenditures:															
General & Administrative:															

Supervisor Fees	$	2,000	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,000	
FICA Expense	$	153	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	153	
Engineering	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Arbitrage	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	700	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	700	
Assessment Administration	$	10,500	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	$	-  $	-  $	10,500	
Annual Audit	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Trustee Fees	$	7,000	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	7,000	
Management Fees	$	3,542	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,542	
Information Technology	$	109	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	109	
Website Maintenance	$	65	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	65	
Telephone	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage	$	50	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	50	
Insurance	$	7,624	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	7,624	
Printing & Binding	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising	$	304	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	304	
Other Current Charges	$	41	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	41	
Office Supplies	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	0	
Property Appraiser Fee	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Property Taxes	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Meeting Room	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Boundary Amendment	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative:	$	32,264	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	32,264	

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 Field Management Property Insurance Utility - Electric Streetlights
Utility - Water & Sewer Landscape Maintenance Landscape Enhancements Landscape Irrigation Lawn Mowing/Trimming Fountain Maintence
Lake Maintenance Pressure Washing Contingency

$	1,950  $
$	7,282  $
$	639  $
$	13,616  $
$	15,636  $
$	21,992  $
$	-  $
$	-  $
$	-  $
$	-  $
$	5,329  $
$	-  $
$	1,130  $

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

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

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

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

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

-  $	1,950
-  $	7,282
-  $	639
-  $	13,616
-  $	15,636
-  $	21,992
-  $	-
-  $	-
-  $	-
-  $	-
-  $	5,329
-  $	-
-  $	1,130

Excess Revenues (Expenditures)	$	(99,838)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	(99,838)

Total Expenditures	$	99,838  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	99,838

Total Operations and Maintenance Expenses	$	67,574  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	67,574

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	$1,159,506	
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	$903,660	
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)	
LESS: SPECIAL CALL 08/01/24	($30,000)	
CURRENT BONDS OUTSTANDING	$12,290,000	

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	$578,616

BONDS OUTSTANDING - 11/22/22	$7,635,000
LESS: PRINCIPAL PAYMENT 5/1/24	($90,000)	
CURRENT BONDS OUTSTANDING	$7,545,000	

Rolling Oaks
Community Development District Special Assessment Bonds, Series 2016
Date	Requisition #	Contractor	Description	Requisitions Fiscal Year 2025

	TOTAL	$	-	

Fiscal Year 2025

10/1/24	

Interest	

$	27.93	
	TOTAL	$	27.93	

Acquisition/Construction Fund at 09/30/2024 Interest Earned and Transfer In thru 10/31/24 Requisitions Paid thru 10/31/24

Remaining Acquisition/Construction Fund

$	6,732.38
$	27.93
$	-

 $	6,760.31 

Rolling Oaks
Community Development District Special Assessment Bonds, Series 2018
Date	Requisition #	Contractor	Description	Requisitions Fiscal Year 2025

	TOTAL		$	-	

Fiscal Year 2025				
10/1/24	Interest		$	10.67	
	TOTAL		$	10.67	
		
Acquisition/Construction Fund at 09/30/24 Interest Earned 09/30/25
Requisitions Paid thru 09/30/25	
$	2,573.01
$	10.67
$	-	

Remaining Acquisition/Construction Fund	 $	2,583.68 

Rolling Oaks Community Development District
Special Assessment Bonds, Series 2022

Date	Requisition #	Contractor	Description	Requisitions Fiscal Year 2025

	TOTAL	$	-	

Fiscal Year 2025

10/1/24	

Interest	

$	5.04	
	TOTAL	$	5.04	

Acquisition/Construction Fund at 09/30/2024 Interest Earned 09/30/24
Requisitions Paid thru 09/30/24 Remaining Acquisition/Construction Fund

$	1,214.05
$	5.04
$	-

 $	1,219.09 

!!"#$%& "

Rolling Oaks CDD
Field Management Report

November 21st, 2024 Clayton Smith
Director of Field Services GMS

Site Items

Landscaping Maintenance

Mulch installation scheduled for Sunday, 24 November 2024. 800 yards of mulch to be installed. There will be some budget left for a refresher in May.

Fakahatchee grass has been reset throughout the property to prepare for mulching.

Repair of minor irrigation leak completed near dumpster on Fins Up.

We are reviewing for potential landscape enhancements and have started developing a plan with the landscaper.

Site Items

Aquatic Maintenance

Field staff walked portions of pond 4 to review for algae, and the aeration system.
The aeration system is fully functional at this time, and the pond appears well managed and free of algae.

The erosion surrounding the structure in pond 5 is being closely monitored. Working with Anna on solution.
Ensuring it stays safe around structure.

We are meeting with Solitude on Monday, 18 November 2024 to review the current state of aquatics and plans moving forward.

The remaining section of soffit needing replacement is still in progress. Working with vendors for solutions as the material could not be sourced from local stores.

Maintenance team will be scheduled to straighten leaning street signs throughout the property.

Lights for pedestrian crossing sign not flashing when button is pressed.
Coordinating service with vendor for repairs.

Site Items

General Maintenance Items

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-201-1514, or by email at csmith@gmscfl.com. Thank you.

Respectfully, Clayton Smith