Myrtle Creek Improvement District
12051 Corporate Boulevard Orlando, FL 32817; 407-723-5900 www.myrtlecreekid.org

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Myrtle Creek Improvement District (“District”), scheduled to be held at 5:00 p.m. on Tuesday, July 20, 2021 at Courtyard Orlando Lake Nona, 6955 Tavistock Lakes Blvd, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

Please use the following information to join via the computer or the conference line:

Phone: 1-844-621-3956	Computer: pfmgroup.webex.com	Participant Code: 796 580 192#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the June 15, 2021 Board of Supervisors’ Meeting

Business Matters
Consideration of Extending Existing Lake Nona Central – Boulevard and Roadways Landscape and Irrigation Maintenance Services Agreement with Cepra
Ratification of Operation and Maintenance Expenditures Paid in June 2021 in an amount totaling $71,272.09
Recommendation of Work Authorization/Proposed Services (if applicable)
Review of District’s Financial Position and Budget to Actual YTD

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Construction Supervisor
Landscape Supervisor
Irrigation Supervisor
Supervisor Requests

Adjournment

MYRTLE CREEK IMPROVEMENT DISTRICT

Minutes of the June 15, 2021 Board of Supervisors’ Meeting

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm a Quorum

The Board of Supervisors’ Meeting for the Myrtle Creek Improvement District was called to order on Tuesday, June 15, 2021, at 5:00 p.m. at the Courtyard Orlando Lake Nona, 6955 Tavistock Lakes Blvd, Orlando, FL 32827.

Present:

Bob da Silva	Chairman		
Kam Shenai	Vice Chairman		
John Lynaugh	Assistant Secretary		
Marsha Leed	Assistant Secretary		
Also attending:			
Jennifer Walden	PFM		
Lynne Mullins	PFM	(via phone)	
Tucker Mackie	Hopping Green & Sams		
Deborah Sier	Hopping Green & Sams	(via phone)	
Jeff Newton	Donald W. McIntosh Associates, Inc.	
Larry Kaufmann	Construction Supervisor & Construction Committee Member
(via phone)
Matt McDermott	Construction Committee Member
Chris Wilson	Construction Committee Member

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Walden called for public comments. There were no public comments at this time.

THIRD ORDER OF BUSINESS		Consideration of the Minutes of the May 18, 2021 Board of Supervisors’ Meeting

Board Members reviewed the minutes from the May 18, 2021 Board of Supervisors’ Meeting.

On Motion by Mr. da Silva, second by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the May 18, 2021 Board of Supervisors’ Meeting.

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FOURTH ORDER OF BUSINESS		Review & Acceptance of Fiscal Year 2020 Audit

Ms. Walden noted District staff reviewed the audit and provided comments. It was a standard and clean audit and there were no deficiencies in internal controls that would be considered material weaknesses. Ms. Walden requested a motion to accept the Fiscal Year 2020 Audit.

On Motion by Mr. da Silva, second by Mr. Shenai, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District accepted the Fiscal Year 2020 Audit.

FIFTH ORDER OF BUSINESS		Request to Advertise an RFQ to Prequalify Contractors for District Infrastructure Projects

Ms. Mackie explained the District has typically gone through this RFQ process every five years. She explained that the District prequalifies contractors to realize some efficiencies when bidding out construction projects over the statutory threshold. This District does not anticipate the need for construction services, but since the sister Districts are going through this process, District staff recommends this District does the same to realize some economies of scale. District staff anticipates advertising the Request for Qualifications after the July 7, 2021 meeting of the Midtown Improvement District, which would allow 30 days for interested parties to submit packages. The Construction Committee will review the submissions and make recommendations on which contractors to prequalify to each of the Boards at their August meetings.

Ms. Leed asked if the contractor list was for specific improvement work or for general work. Ms. Mackie stated it is for general work. She explained that the projects are typically substantial in nature so the District is looking at other requirements such as bonding capacity, personnel, evidence of ability to handle projects of the size and scope that the Districts will undertake, and other threshold requirements. Mr. Shenai asked if the trail repair would fall under this. Ms. Mackie responded that it would depend on the dollar amount. If the trail repair ends up being under the threshold amount, it is not required to go through the public procurement process. Ms. Leed asked how many prequalified contractors the District has had in the past. Ms. Mackie stated 7-10 contractors have typically been pre-qualified, but on any one project, only 3-4 typically send in a bid. Ms. Leed asked if you would then have to take the lowest bidder. Ms. Mackie responded that is correct since the District already looked at the other factors in the prequalification process. She added that sometimes schedule or timeframe can be considered. Mr. Newton added that if District staff thought a project would exceed the threshold, the District could issue an RFP and get multiple bids rather than utilizing the prequalified contractors list.

On Motion by Mr. Shenai, second by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District authorized District Staff to advertise an RFQ to Prequalify Contractors for District Infrastructure Projects.

SIXTH ORDER OF BUSINESS		Ratification of Operation and Maintenance Expenditures Paid in May 2021 in an amount totaling $33,186.31

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The Board reviewed Operation and Maintenance Expenditures Paid in May 2021 in an amount totaling
$33,186.31.

On Motion by Mr. Shenai, second by Mr. da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified Operation and Maintenance Expenditures Paid in May 2021 in an amount totaling $33,186.31.

SEVENTH ORDER OF BUSINESS	Recommendation	of	Work Authorization/Proposed Services

Mr. Kaufmann stated there were no Work Authorizations for this District.

EIGHTH ORDER OF BUSINESS		Review of District’s Financial Position and Budget to Actual YTD

Ms. Walden noted through May 31, 2021, the District has total expenses of $369,000.00 versus a budget of $919,000.00. No action is required by the Board.

Mr. Shenai stated the finances look good. He commented on the irrigation repairs and how things appear to be improving. He asked District staff about the reimbursement from the County. Ms. Mackie received information from Felix that they are looking to complete the project and it will be addressed with the County at the end of the project. However, no matter what resolution Felix reaches with the County, those amounts are due to the District and the District will continue to demand them.. Mr. Wilson stated that the project has approximately 4-6 months of work to complete. Felix has gone to the County with a change order which includes reimbursement to the District for damage done to District property. The County has gone on record to say they are rejecting the change order.

A discussion took place about taking action for reimbursement and the cost to do so. District Counsel suggested preparing a letter and a draft complaint and delivering them to the County, Felix, and Orange County Utilities. A suggestion was made to contact the representatives for the City and County to explain the District’s dilemma prior to initiating a lawsuit.

Mr. Shenai commented on the flower and plant replacement line item. He asked if the District is on track to spend the $125,000.00. Mr. McDermott confirmed it will hit the budget in the coming months.

Mr. da Silva asked Ms. Mackie to copy him and Mr. Lynaugh with the letters she sends to the representatives of the County and City.

NINTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No Report

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District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, July 20,
2021, at the Courtyard Orlando Lake Nona.

District Engineer –	No Report Construction Supervisor –	No Report
District Landscape Supervisor- Mr. McDermott stated it took some time to get the MOT approved, which
is why there was a start delay. Demo should be done this week, and over the next couple of weeks there should be plantings and mulching. He hopes to come to the July meeting with news that it's complete for the year. There were concerns about the reclaimed water but there are no known issues currently. He noted that pressures have increased, and rain has helped as well. The District should see better irrigation going forward.

Irrigation Supervisor-	No Report			

TENTH ORDER OF BUSINESS	
Supervisor	
Requests	
&	
	Adjournment			

Mr. Shenai discussed the Financial Disclosure Form 1. Ms. Walden reminded the Board it is due by July 1, 2021. There were no additional comments, so Ms. Walden requested a motion to adjourn.

On Motion by Mr. Shenai, second by Mr. Lynaugh, with all in favor, the June 15, 2021 meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

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MYRTLE CREEK IMPROVEMENT DISTRICT

Extending Existing Lake Nona Central
-Boulevard and Roadways Landscape and Irrigation Maintenance Services Agreement with Cepra

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in June 2021 in an amount totaling $71, 272.09

MYRTLE CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 12051 CORPORATE BLVD ● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from June 1, 2021 through June 30, 2021. This does not include expenditures previously approved by the Board.

The total items being presented:       $71,272.09

Approval of Expenditures:

 	 Chairman

 	 Vice Chairman

 	 Assistant Secretary

  : :     		Myrtle Creek mprovement District
    h  k          (        b     k)
 h k      :                      	    :  	
Check  o.	Date	Status*

 A   D: S   C T AT O AL  A  

   	       	 

   	       	 

   	       	 	Vendor D

   

   

     
     
      	Payee ame

          k                 

                    

               
                 h           
      k                      	Amount

      

         

          

$96,325. 3	
		 A S REG STER TOTAL:		
		GRA D TOTAL :	
$96,325. 3	

* Check Status Types: "P" Printed ; "M" Manual ; "V" Void ( V id Date ); "A" Application; "E" EFT
** Denotes broken check sequence.

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #087
5/14/2021

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District				
	Reimbursment for Construction-Related Legal Advertising on Req 196	OSC35911434	$	67.81	
		
TOTAL	
$	
67.81	

Myrtle Creek Improvement District c/o PFM Group Consulting
12051 Corporate Boulevard
Orlando, FL 32817
(407) 723-5900

By Amanda Lane at 8:57 am, Jun 07, 2021

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #088
5/28/2021

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Cepra Landscape
Wellspring Drive Landscape Enhancement	

25209	

$ 14,118.16	

2	
Orlando Utilities Commission
11728 Wellspring Drive (04/02/2021 - 05/03/2021)	

--	

$	63.12	
	11883 Wellspring Drive (04/02/2021 - 05/03/2021)	--	$	58.29	

TOTAL	$ 14,239.57

Myrtle Creek Improvement District c/o PFM Group Consulting
12051 Corporate Boulevard
Orlando, FL 32817
(407) 723-5900

Amanda Lane

From:	Larry Kaufmann <lkaufmann@tavistock.com>
Sent:	Tuesday, June 1, 2021 10:19 AM
To:	Amanda Lane; Damon Ventura; AccountsPayable
Subject:	RE: Myrtle Creek - FR #88
Attachments:	MCID FR #088.pdf

EXTERNAL EMAIL: Use care with links and attachments.

MCID FR #88 is approved for processing.

KDS
Kaufmann Development Services, LLC Larry Kaufmann
(407) 448‐6592
LKaufmann@tavistock.com

From: Amanda Lane <lanea@pfm.com>
Sent: Friday, May 28, 2021 5:02 PM
To: Damon Ventura <dventura@tavistock.com>; AccountsPayable <accountspayable@tavistock.com>
Cc: Larry Kaufmann <lkaufmann@tavistock.com>
Subject: Myrtle Creek ‐ FR #88

EXTERNAL E-MAIL
Please see attached for Myrtle Creek FR #88 for $14,239.57. Amanda Lane
Assistant Chief District Accountant

PFM Group Consulting LLC LaneA@pfm.com | web pfm.com
phone 407.723.5900 (direct phone 407.723.5925) | fax 407.723.5901 12051 Corporate Blvd. | Orlando, FL 32817

1

By Amanda Lane at 8:59 am, Jun 07, 2021

By Amanda Lane at 11:58 am, Jun 14, 2021

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #090
6/11/2021

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District
Reimbursment for Construction-Related Legal Advertising on Req 199				
		OSC37162429	$	67.81	
2	Cepra Landscape Wellspring April Landscaping Wellspring May Landscaping				
		24164
24796	$
$	2,708.00
2,708.00	
		
TOTAL	
$	
5,483.81	

Myrtle Creek Improvement District c/o PFM Group Consulting
12051 Corporate Boulevard
Orlando, FL 32817
(407) 723-5900

Amanda Lane

From:	Larry Kaufmann <lkaufmann@tavistock.com>
Sent:	Saturday, June 12, 2021 10:05 AM
To:	Amanda Lane; Damon Ventura; AccountsPayable
Subject:	RE: Myrtle Creek - FR #90
Attachments:	MCID FR #090.pdf

EXTERNAL EMAIL: Use care with links and attachments.

MCID FR#90 is approved for processing.

KDS
Kaufmann Development Services, LLC Larry Kaufmann
(407) 448‐6592
lkaufmann@tavistock.com

From: Amanda Lane <lanea@pfm.com>
Sent: Friday, June 11, 2021 4:29 PM
To: Damon Ventura <dventura@tavistock.com>; AccountsPayable <accountspayable@tavistock.com>
Cc: Larry Kaufmann <lkaufmann@tavistock.com>
Subject: Myrtle Creek ‐ FR #90

EXTERNAL E-MAIL
Please see attached for Myrtle Creek FR #90 for $5,483.81. Amanda Lane
Assistant Chief District Accountant

PFM Group Consulting LLC LaneA@pfm.com | web pfm.com
phone 407.723.5900 (direct phone 407.723.5925) | fax 407.723.5901 12051 Corporate Blvd. | Orlando, FL 32817

1

MYRTLE CREEK IMPROVEMENT DISTRICT

Work Authorization/Proposed Services
(if applicable)

MYRTLE CREEK IMPROVEMENT DISTRICT

District’s Financial Position and Budget to Actual YTD

Myrtle Creek Improvement District
Statement of Financial Position As of 6/30/2021

	Fund	
		
Assets			
Current Assets
General Checking Account	

$744,350.94				
Money Market Account	68,786.52				
State Board of Administration	3,997.83				
Assessments Receivable	13,772.07				
Deposits	4,300.00				
General Reserve
Assessments Receivable	168,521.03		
$21,468.87		
Due From Other Funds			37,814.16		
Debt Service Reserve			335,042.38		
Revenue			814,249.33		
Prepayment			33.82		
Sinking Fund A2 Bond
Due From Other Funds			20,000.03	
$67.81	
Acquisition/Construction				401,919.60	
Total Current Assets	$1,003,728.39		$1,228,608.59		$401,987.41	

General Fund	Debt Service

Capital Projects

 

General Long- Term Debt		Total	

$0.00

$1,169,325.56 15,335,674.44
$16,505,000.00

$16,505,000.00		

$744,350.94 68,786.52
3,997.83
13,772.07
4,300.00
168,521.03
21,468.87
37,814.16
335,042.38
814,249.33
33.82
20,000.03
67.81
401,919.60
$2,634,324.39

$1,169,325.56 15,335,674.44
$16,505,000.00

$19,139,324.39	

$0.00

$16,505,000.00
$16,505,000.00

$16,505,000.00

$0.00

$16,505,000.00		

$32,797.45
67.81
7,208.47
13,772.07
21,468.87
67.81
$75,382.48

$16,505,000.00
$16,505,000.00

$16,580,382.48

$1,283,864.48 (766,106.07)
432,124.18

1,219,165.38
(12,025.66)

(417,951.06)
819,854.15
16.51

$2,558,941.91

$19,139,324.39	

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

Current Liabilities Accounts Payable Due To Other Funds
Due To Other Governmental Units Deferred Revenue
Deferred Revenue Accounts Payable
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities

Total Liabilities

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets

 	
$0.00	$0.00

 	
$1,003,728.39	$1,228,608.59

Liabilities and Net Assets

$32,797.45

67.81
7,208.47
13,772.07		

$21,468.87	
$53,845.80		$21,468.87	
$0.00		$0.00	
$53,845.80		$21,468.87	

$1,283,864.48 (766,106.07)
432,124.18		

$1,219,165.38 (12,025.66)	
$949,882.59

$1,003,728.39		$1,207,139.72

$1,228,608.59	
Page 1 of 1

$0.00

$401,987.41

$67.81

$67.81

$0.00

$67.81

($417,951.06) 819,854.15
16.51

$401,919.60

$401,987.41

Myrtle Creek Improvement District
Statement of Activities As of 6/30/2021	
	
General Fund	
Debt Service	
Capital Projects Fund	
General Long- Term Debt	
Total	

Revenues

On-Roll Assessments Developer Contributions On-Roll Assessments Developer Contributions
Total Revenues	

$843,505.51				

$843,505.51	
	45,223.61				45,223.61	
		$1,314,917.04			1,314,917.04	
			$780.31		780.31	

$888,729.12	

$1,314,917.04	

$780.31	

$0.00	

$2,204,426.47	
Expenses						
Supervisor Fees	$7,600.00				$7,600.00	
Public Officials' Liability Insurance	3,498.00				3,498.00	
Trustee Services	7,436.91				7,436.91	
Management	30,208.31				30,208.31	
Engineering	5,177.50				5,177.50	
Dissemination Agent	1,500.00				1,500.00	
Property Appraiser	1,443.00				1,443.00	
District Counsel	13,186.76				13,186.76	
Assessment Administration	7,500.00				7,500.00	
Audit	3,625.00				3,625.00	
Travel and Per Diem	48.83				48.83	
Postage & Shipping	108.00				108.00	
Legal Advertising	3,063.76				3,063.76	
Miscellaneous	190.40				190.40	
Property Taxes	2,147.39				2,147.39	
Web Site Maintenance	1,725.00				1,725.00	
Holiday Decorations	500.00				500.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	1,021.53				1,021.53	
Entry Lighting	179.25				179.25	
Water Reclaimed	19,327.14				19,327.14	
Aquatic Contract	2,925.00				2,925.00	
General Liability Insurance	4,007.00				4,007.00	
Irrigation	32,944.25				32,944.25	
Landscaping Maintenance & Material	178,964.91				178,964.91	
Flower & Plant Replacement	17,268.16				17,268.16	
Contingency	5,594.43				5,594.43	
IME - Aquatics Maintenance	2,367.27				2,367.27	
IME - Irrigation	1,737.58				1,737.58	
IME - Landscaping	58,954.25				58,954.25	
IME - Lighting	498.72				498.72	
IME - Miscellaneous	3,632.18				3,632.18	
IME - Water Reclaimed	346.23				346.23	

Page 1 of 2

Myrtle Creek Improvement District
Statement of Activities As of 6/30/2021

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

Equipment Repair & Maintenance	1,257.00								1,257.00	
Pest Control	1,405.00								1,405.00	
Streetlights	8,603.12								8,603.12	
Personnel Leasing Agreement	27,000.09								27,000.09	
Principal Payments			$750,000.00						750,000.00	
Interest Payments			577,000.00						577,000.00	
Legal Advertising					$780.31				780.31	
Total Expenses	$457,166.97		$1,327,000.00		$780.31		$0.00		$1,784,947.28	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$562.03								$562.03	
Interest Income			$56.10						56.10	
Dividends Income			1.20						1.20	
Interest Income					$16.04				16.04	
Dividends Income					0.47				0.47	
Total Other Revenues (Expenses) & Gains (Losses)	$562.03		$57.30		$16.51		$0.00		$635.84	
Change In Net Assets	$432,124.18		($12,025.66)		$16.51		$0.00		$420,115.03	

Net Assets At Beginning Of Year	
$517,758.41		
$1,219,165.38		
$401,903.09		
$0.00		
$2,138,826.88	

Net Assets At End Of Year	

$949,882.59		

$1,207,139.72		

$401,919.60		

$0.00		

$2,558,941.91	

Page 2 of 2

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 06/30/2021	

Actual	

Budget		

Variance	
FY 2021
Adopted Budget	

Revenues						
On-Roll Assessments	$	843,505.51	$	644,101.35	$	199,404.16	$	858,801.80	
Developer Contributions	45,223.61	39,372.00		5,851.61	52,496.00	
Net Revenues	$	888,729.12	$	683,473.35	$	205,255.77	$	911,297.80	
General & Administrative Expenses						
Legislative						
Supervisor Fees	$	7,600.00	$	9,000.00	$	(1,400.00)	$	12,000.00	
Financial & Administrative						
Public Officials' Liability Insurance	3,498.00	3,000.00		498.00	4,000.00	
Trustee Services	7,436.91	7,500.00		(63.09)	10,000.00	
Management	30,208.31	30,000.00		208.31	40,000.00	
District Engineering	5,177.50	7,500.00		(2,322.50)	10,000.00	
Dissemination Agent	1,500.00	5,250.00		(3,750.00)	7,000.00	
Property Appraiser	1,443.00	1,500.00		(57.00)	2,000.00	
District Counsel	13,186.76	18,750.00		(5,563.24)	25,000.00	
Assessment Administration	7,500.00	5,625.00		1,875.00	7,500.00	
Reamortization Schedules	-	187.50		(187.50)	250.00	
Audit	3,625.00	3,000.00		625.00	4,000.00	
Arbitrage Calculation	-	675.00		(675.00)	900.00	
Travel and Per Diem	48.83	225.00		(176.17)	300.00	
Telephone	-	37.50		(37.50)	50.00	
Postage & Shipping	108.00	750.00		(642.00)	1,000.00	
Copies	-	1,500.00		(1,500.00)	2,000.00	
Legal Advertising	3,063.76	4,875.00		(1,811.24)	6,500.00	
Miscellaneous	190.40	9,000.00		(8,809.60)	12,000.00	
Property Taxes	2,147.39	112.50		2,034.89	150.00	
Web Site Maintenance	1,725.00	2,025.00		(300.00)	2,700.00	
Holiday Decorations	500.00	937.49		(437.49)	1,250.00	
Dues, Licenses, and Fees	175.00	131.25		43.75	175.00	
Total General & Administrative Expenses	$	89,133.86	$	111,581.24	$	(22,447.38)	$	148,775.00	

Page 1 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 06/30/2021

Actual	Budget	Variance	FY 2021
Adopted Budget	

Field Operations								
Electric Utility Services								
Electric	$	749.33	$	1,125.00	$	(375.67)	$	1,500.00	
Entry Lighting		179.25		375.00		(195.75)	500.00	
Water-Sewer Combination Services								
Water Reclaimed		16,865.90		18,750.00		(1,884.10)	25,000.00	
Stormwater Control								
Aquatic Contract		2,925.00		3,000.00		(75.00)	4,000.00	
Lake/Pond Repair Reserve		-		3,750.00		(3,750.00)	5,000.00	
Other Physical Environment								
General Liability Insurance		4,007.00		3,375.00		632.00	4,500.00	
Property & Casualty Insurance		-		1,275.00		(1,275.00)	1,700.00	
Auto Insurance		-		375.00		(375.00)	500.00	
Irrigation Repairs								
District Irrigation Repairs		28,634.14		22,500.00		6,134.14	30,000.00	
Wellspring Irrigation Repairs		4,310.11		3,750.00		560.11	5,000.00	
Landscaping Maintenance & Material								
District Landscaping		154,237.50		154,237.50		-	205,650.00	
Gateway Road Landscaping		355.41		355.41		-	473.88	
Wellspring Landscaping		24,372.00		24,372.00		-	32,496.00	
Tree Trimming		-		30,000.00		(30,000.00)	40,000.00	
Flower & Plant Replacement								
District Flower & Plant Replacement		3,150.00		37,500.00		(34,350.00)	50,000.00	
Wellspring Flower & Plant Replacement		14,118.16		7,500.00		6,618.16	10,000.00	
Contingency		4,899.99		77,529.68		(72,629.69)	103,372.90	
Pest Control		1,405.00		2,107.50		(702.50)	2,810.00	
Hurricane Cleanup		-		37,500.00		(37,500.00)	50,000.00	
Wellspring Blvd./Performance Drive Expenses								
WSPD - Lighting		272.20		375.00		(102.80)	500.00	
WSPD - Miscellaneous		694.44		2,625.00		(1,930.56)	3,500.00	
WSPD - Water Reclaimed		2,461.24		750.00		1,711.24	1,000.00	

Page 2 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 06/30/2021

Interchange Maintenance Expenses				Adopted Budget	
IME - Aquatics Maintenance	2,367.27	2,504.25	(136.98)	3,339.00	
IME - Irrigation Repairs	1,737.58	7,087.50	(5,349.92)	9,450.00	
IME - Landscaping	58,954.25	57,268.89	1,685.36	76,358.52	
IME - Lighting	498.72	1,181.25	(682.53)	1,575.00	
IME - Miscellaneous	3,632.18	1,181.25	2,450.93	1,575.00	
IME - Water Reclaimed	346.23	1,771.88	(1,425.65)	2,362.50	
New Operational Field Expenses
Trail Repair	
1,257.00	
11,250.00	
(9,993.00)	
15,000.00	
Road & Street Facilities
Entry and Wall Maintenance	
-	
7,500.00	
(7,500.00)	
10,000.00	
Streetlights	8,603.12	11,250.00	(2,646.88)	15,000.00	
Parks & Recreation
Personnel Leasing Agreement	
27,000.09	
27,000.00	
0.09	
36,000.00	
Reserves
Infrastructure Capital Reserve	
-	
15,000.00	
(15,000.00)	
20,000.00	
Interchange Maintenance Reserve	-	1,770.00	(1,770.00)	2,360.00	

Actual	Budget	Variance

FY 2021

Total Field Operations Expenses	$	368,033.11		$	577,892.11		$	(209,859.00)		$	770,522.80	

Total Expenses	
$	
457,166.97		
$	
689,473.35		
$	
(232,306.38)		
$	
919,297.80	
Income (Loss) from Operations	$	431,562.15		$	(6,000.00)		$	437,562.15		$	(8,000.00)	

Other Income (Expense)												
Interest Income	$	562.03		$	6,000.00		$	(5,437.97)		$	8,000.00	
Total Other Income (Expense)	$	562.03		$	6,000.00		$	(5,437.97)		$	8,000.00	
Net Income (Loss)	$	432,124.18		$	-		$	432,124.18		$	-	

Page 3 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 06/30/2021

	Oct-20			Nov-20		Dec-20		Jan-21			Feb-21		Mar-21		Apr-21		May-21			Jun-21	YTD Actual	

$

$	
- 2,708.00
2,708.00		
$

$	
57,604.37
685.71
58,290.08		
$ 204,538.37
6,419.44
$ 210,957.81		
$ 242,119.20
3,318.00
$ 245,437.20		
$

$	
56,728.51
4,132.99
60,861.50		
$ 136,118.80
4,151.29
$ 140,270.09		
$ 115,106.89
-
$ 115,106.89		
$  7,031.98
578.21
$  7,610.19		
$

$	
24,257.39
23,229.97
47,487.36	
$  843,505.51
45,223.61	
																					$  888,729.12	

$	
1,000.00		
$	
1,000.00		
$	-		
$	1,000.00		
$	
800.00		
$	1,000.00		
$	1,000.00		
$  1,000.00		
$	
800.00	
$	7,600.00	
	3,498.00			-		-		-			-		-		-		-			-	3,498.00	
	-			7,436.91		-		-			-		-		-		-			-	7,436.91	
	3,333.33			3,333.33		3,333.33		3,333.33			3,333.33		3,333.33		3,333.33		3,333.33			3,541.67	30,208.31	
	-			1,723.00		250.00		250.00			687.50		312.50		625.00		633.50			696.00	5,177.50	
	-			-		-		-			-		-		-		-			1,500.00	1,500.00	
	-			-		1,443.00		-			-		-		-		-			-	1,443.00	
	-			-		2,690.00		2,187.50			826.80		2,329.00		1,502.96		3,650.50			-	13,186.76	
	7,500.00			-		-		-			-		-		-		-			-	7,500.00	
	-			-		-		-			-		-		-		-			-	-	
	-			-		-		-			-		-		-		-			3,625.00	3,625.00	
	-			-		-		-			-		-		-		-			-	-	
	-			-		7.04		-			6.90		-		17.17		10.26			7.46	48.83	
	-			-		-		-			-		-		-		-			-	-	
	-			18.77		7.00		7.99			24.03		23.52		14.96		3.57			8.16	108.00	
	-			-		-		-			-		-		-		-			-	-	
	327.50			365.01		-		346.25			350.00		-		350.00		1,023.75			301.25	3,063.76	
	-			-		46.71		3.28			3.23		3.25		86.08		44.00			3.85	190.40	
	-			-		-		-			2,147.39		-		-		-			-	2,147.39	
	125.00			125.00		125.00		425.00			125.00		125.00		425.00		125.00			125.00	1,725.00	
	500.00			-		-		-			-		-		-		-			-	500.00	
	175.00			-		-		-			-		-		-		-			-	175.00	
$	16,458.83		$	14,002.02		$	7,902.08		$	7,553.35		$	8,304.18		$	7,126.60		$	7,354.50		$  9,823.91		$	10,608.39	$	89,133.86	

$	

-		

$	

88.94		

$	88.21		

$	89.46		

$	

87.47		

$	87.69		

$	102.59		

$	102.69		

$	

102.28	

$	749.33	
	-			21.26		21.26		21.50			21.02		21.63		25.15		23.96			23.47	179.25	
	-			1,463.23		1,036.86		1,398.48			4,115.75		1,107.70		1,381.68		2,754.36			3,607.84	16,865.90	
	325.00			325.00		325.00		325.00			325.00		325.00		325.00		325.00			325.00	2,925.00	
	-			-		-		-			-		-		-		-			-	-	
	4,007.00			-		-		-			-		-		-		-			-	4,007.00	
	-			-		-		-			-		-		-		-			-	-	
	-			-		-		-			-		-		-		-			-	-	
	839.24			2,918.20		9,296.90		5,709.40			5,564.20		-		3,629.20		-			677.00	28,634.14	
	685.71			-		309.00		1,985.00			-		236.00		228.00		-			866.40	4,310.11	

Revenues
On-Roll Assessments Developer Contributions
Net Revenues
General & Administrative Expenses Legislative
Supervisor Fees
Financial & Administrative
Public Officials' Liability Insurance Trustee Services
Management Engineering Dissemination Agent Property Appraiser District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Miscellaneous Property Taxes
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
Total General & Administrative Expenses

Field Operations
Electric Utility Services
Electric
Entry Lighting
Water-Sewer Combination Services
Water Reclaimed
Stormwater Control
Aquatic Contract Lake/Pond Repair Reserve
Other Physical Environment General Liability Insurance Property & Casualty Insurance Auto Insurance
Irrigation
District Irrigation Wellspring Irrigation

Page 1 of 2

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 06/30/2021

Oct-20			Nov-20		Dec-20		Jan-21			Feb-21		Mar-21			Apr-21		May-21			Jun-21	YTD Actual	
17,137.50
39.49
2,708.00			17,137.50
39.49
2,708.00		17,137.50
39.49
2,708.00		17,137.50
39.49
2,708.00			17,137.50
39.49
2,708.00		17,137.50
39.49
2,708.00			-
39.49
-		-
39.49
-			51,412.50
39.49
8,124.00	154,237.50
355.41
24,372.00	
-			-		-		-			-		-			-		-			-	-	
-
-			-
-		-
-		-
-			3,150.00
-		-
-			-
-		-
14,118.16			-
-	3,150.00
14,118.16	
-
-
-			-
-
-		4,850.00
-
-		-
-
-			49.99
-
-		-
1,405.00
-			-
-
-		-
-
-			-
-
-	4,899.99
1,405.00
-	
-
-
-			32.05
697.72
257.17		31.95
(3.28)
257.73		32.15
- 241.01			31.64
- 183.49		31.85
- 91.94			37.52
- 308.85		37.42
- 80.15			37.62
- 1,040.90	272.20
694.44
2,461.24	

263.03
- 6,363.21
- 1,134.00
-

-

-
- 3,000.01
-
-
$ 36,502.19

  $ 52,961.02  

$ (50,253.02)

$	22.90
$	22.90

$ (50,230.12)			
263.03
94.90
6,363.21
57.97
- 26.95

-

- 1,063.81

3,000.01

-
-
36,558.44

50,560.46  

7,729.62

23.59
23.59

7,753.21		
263.03
289.55
- 59.35
1,512.00
34.12

-

- 1,063.81

3,000.01

-
-
$   42,320.49

  $ 50,222.57  

$ 160,735.24

$	96.66
$	96.66

$ 160,831.90		
263.03
308.70
12,726.42
65.96
190.57
21.95

-

- 1,079.25

3,000.01

-
-
$   47,342.88

  $ 54,896.23  

$ 190,540.97

$	28.62
$	28.62

$ 190,569.59			
263.03
207.35
6,426.21
57.27
297.90
35.86

-

- 1,079.25

3,000.01

-
-
44,780.43

53,084.61  

7,776.89

25.60
25.60

7,802.49		
263.03
-
- 57.47
96.08
26.95

-

- 1,079.25

3,000.01

-
-
$   27,714.59

   $ 34,841.19  

$ 105,428.90

$	215.57
$	215.57

$ 105,644.47			
263.03
345.35
14,348.56
94.27
401.63
55.86

1,257.00

- 1,079.25

3,000.01

-
-
26,922.44

34,276.94  

80,829.95

28.99
28.99

80,858.94		
263.03
104.28
6,363.32
54.49
- 41.30

-

- 1,079.25

3,000.01

-
-
$ 28,386.91

  $ 38,210.82  

$ (30,600.63)

$	27.54
$	27.54

$ (30,573.09)			
263.03
387.45
6,363.32
51.94
- 103.24

-

- 1,079.25

3,000.01

-
-
77,504.74

88,113.13  

(40,625.77)

92.56
92.56

(40,533.21)	
2,367.27
1,737.58
58,954.25
498.72
3,632.18
346.23

1,257.00

- 8,603.12

27,000.09

-
-	
		$

  $ 

$

$
$

$							$

  $	

$

$
$

$					$

   $ 

$

$
$

$					$

   $ 

$

$
$

$		$  368,033.11

$  457,166.97	
																					
$  431,562.15

$	562.03	
																					$	562.03	
																					$  432,124.18	

Landscaping Maintenance & Material District Landscaping
Gateway Road Landscaping Wellspring Landscaping
Tree Trimming
Flower & Plant Replacement
District Flower & Plant Replacement Wellspring Flower & Plant Replacement
Contingency Pest Control
Hurricane Cleanup
Wellspring Blvd./Performance Drive Expenses
WSPD - Lighting WSPD - Miscellaneous
WSPD - Water Reclaimed
Interchange Maintenance Expenses
IME - Aquatics Maintenance IME - Irrigation
IME - Landscaping IME - Lighting
IME - Miscellaneous IME - Water Reclaimed
New Operational Field Expenses
Trail Repair
Road & Street Facilities
Entry and Wall Maintenance Streetlights
Parks & Recreation
Personnel Leasing Agreement
Contingency
Infrastructure Capital Reserve Interchange Maintenance Reserve
Total Field Operations Expenses

Total Expenses
Income (Loss) from Operations Other Income (Expense)
Interest Income

Total Other Income (Expense)

Net Income (Loss)

Page 2 of 2

Myrtle Creek Improvement District Cash Flow

FY20 Inflows	FY20 Outflows	FY21 Inflows	FY21 Outflows	End. Cash	

26,870.86	
(35,036.78)	
6,033.88	
(34,720.04)	
232,112.07	
-	(2,285.24)	148,827.20	(71,989.11)	306,664.92	
312.50	(312.50)	529,976.03	(438,634.98)	398,005.97	
-	-	622,973.27	(418,231.22)	602,748.02	
-	-	147,246.64	(153,352.38)	596,642.28	
-	-	352,724.38	(254,301.75)	695,064.91	
-	-	294,621.65	(196,259.92)	793,426.64	
-	-	18,717.63	(44,148.26)	767,996.01	
-	-	85,441.18	(109,086.25)	744,350.94	
-	-	-	(33,190.26)	711,160.68 as of 07/13/2021	

Beg. Cash

10/1/2020	268,964.15	
11/1/2020	232,112.07	
12/1/2020	306,664.92	
1/1/2021	398,005.97	
2/1/2021	602,748.02	
3/1/2021	596,642.28	
4/1/2021	695,064.91	
5/1/2021	793,426.64	
6/1/2021	767,996.01	
7/1/2021	744,350.94	

Totals	2,417,938.62	(2,159,152.30)	2,206,561.86	(1,768,919.17)

Myrtle Creek Improvement District Construction Tracking - mid-July

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		219,883.71
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	401,919.60

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	401,919.60

Committed Funding
Performance Drive Phase 3 - August bid and October NTP $	-
==========

Total Committed	$	-
==========	
Net Uncommitted		401,919.60