Cypress Bluff Community Development District

May 23, 2023

AGENDA

Cypress Bluff Community Development District
475 West Town Place, Suite 114 St. Augustine, Florida 32092 www.CypressBluffCDD.com

May 16, 2023

Board of Supervisors
Cypress Bluff Community Development District
Staff Call In #: 1-877-304-9269 Code 1655232

Dear Board Members:

The Cypress Bluff Community Development District Board of Supervisors Meeting is scheduled for Tuesday, May 23, 2023 at 1:30 p.m. at the eTown Welcome Center, 11003 E-Town Parkway, Jacksonville, Florida 32256.
Following is the agenda for the meeting:

Roll Call

Public Comment (limited to three minutes)

Approval of Minutes of the March 28, 2023 Board of Supervisors Meeting

Acceptance of the Draft Audit Report for Fiscal Year 2022

Consideration of Resolution 2023-05, Approving a Proposed Budget for Fiscal Year 2024 and Setting a Public Hearing Date for Adoption

Staff Reports
District Counsel

District Engineer

District Manager

General Manager - Report

Financial Reports
Financial Statements as of April 30, 2023

Check Register

Other Business

Supervisor’s Requests and Audience Comments

Next Scheduled Meeting – June 27, 2023 at 1:30 p.m. at the eTown Welcome Center

Adjournment

MINUTES

MINUTES OF MEETING
CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT

The Board of Supervisors meeting of the Cypress Bluff Community Development District was held Tuesday, March 28, 2023 at 1:30 p.m. at the eTown Welcome Center, 11003 E-Town Parkway, Jacksonville, Florida 32256.

Present and constituting a quorum were:

Richard Ray	Chairman
John Holmes	Vice Chairman
John Hewins	Supervisor
Will Cellar	Supervisor

Also present were:

Jim Perry	District Manager
Katie Buchanan	District Counsel
Marcy Pollicino	Vesta Property Services
Kyle McGee	Kutak Rock

The following is a summary of the discussions and actions taken at the March 28, 2023 meeting.

FIRST ORDER OF BUSINESS	Roll Call
Mr. Perry called the meeting to order at 1:40 p.m. and called the roll.

SECOND ORDER OF BUSINESS	Public Comment
There being no members of the public present, the next item followed.

THIRD ORDER OF BUSINESS	Approval of Minutes of the February 28,
2023 Board of Supervisors Meeting
There were no comments on the minutes.

On MOTION by Mr. Ray seconded by Mr. Holmes with all in favor the minutes of the February 28, 2023 meeting were approved as presented.

FOURTH ORDER OF BUSINESS	Consideration of Landscape and Irrigation
Maintenance RFP Documents

Ms. Buchanan stated when we initially bid the contract, we bid it for a one-year term and allowed three one-year renewals. That puts us at essentially a four-year term and that will expire September 30, 2023. What our rules of procedure allow for is a maximum of five years. The contractor has agreed to hold the rate to allow us to extend the contract for one additional year. I think Jim would agree that based on our experience when you’re going out to bid right now, you are going to be looking at landscape increases of 15-30%. There is also a small amount of landscaping left to be installed and this would allow Sunstate to continue to warrant the work product for the forthcoming fiscal year. We think it makes the most sense to authorize an amendment to extend for one additional year.

On MOTION by Mr. Ray seconded by Mr. Hewins with all in favor extending the Sunstate contract for landscape and irrigation maintenance by one year was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
District Counsel
There being nothing to report, the next item followed.

District Engineer
There being nothing to report, the next item followed.

District Manager
There being nothing to report, the next item followed.

General Manager
Report
Ms. Pollicino gave the Board an overview of her report, a copy of which was included in the agenda package.
Mr. Hewins joined the meeting at this time.

SIXTH ORDER OF BUSINESS	Financial Reports
Financial Statements as of February 28, 2023
Mr. Perry provided a brief overview of the financial statements.

Check Register
Mr. Perry noted the check register totals $79,427.42.

On MOTION by Mr. Ray seconded by Mr. Holmes with all in favor the check register was approved.

SEVENTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisor’s	Requests	and	Audience
Comments
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Next Scheduled Meetings – April 25, 2023
at 1:30 p.m. at the eTown Welcome Center

TENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Ray seconded by Mr. Hewins with all in favor the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

FOURTH ORDER OF BUSINESS

CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT
CITY OF JACKSONVILLE, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT CITY OF JACKSONVILLE, FLORIDA

TABLE OF CONTENTS

	  Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet - Governmental Funds to the
Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-23	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
24	
Notes to Required Supplementary Information	25	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	26	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

27-28	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

29	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
30-31	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Cypress Bluff Community Development District City of Jacksonville, Florida

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Cypress Bluff Community Development District, City of Jacksonville, Florida (“District”) as of and for the fiscal year ended September 30, 2022, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2022, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated Xxxx, 2023, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

Xxxx, 2023

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Cypress Bluff Community Development District, City of Jacksonville, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2022. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $496,809.

The change in the District’s total net position in comparison with the prior fiscal year was $999,899, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2022, the District’s governmental funds reported combined ending fund balances of
$2,190,579, a decrease of ($2,761,703) in comparison with the prior fiscal year. A portion of fund balance is restricted for debt service and capital projects, nonspendable for prepaids and deposits, assigned for subsequent year’s expenditures and the remainder are unassigned fund balance which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by special assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management), recreation and maintenance functions.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund which are considered major funds.

The District adopts an annual appropriated budget for its general and debt service funds. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:

NET POSITION SEPTEMBER 30,		
	2022	2021	
Assets, excluding capital assets	$	2,200,643	$	5,017,164	
Capital assets, net of depreciation	26,001,920	20,714,375	
Total assets	28,202,563	25,731,539	
Liabilities, excluding long-term liabilities	511,599	569,044	
Long-term liabilities	27,194,155	25,665,585	
Total liabilities	27,705,754	26,234,629	
Net Position			
Net investment in capital assets	(1,192,235)	(1,993,791)	
Restricted	1,197,342	1,057,813	
Unrestricted	491,702	432,888	
Total net position	$	496,809	$	(503,090)	

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,

	2022	2021	
Revenues: Program revenues
Operating grants and contributions	$	2,746,532	$	2,466,474	
Capital grants and contributions	502,392	1,353	
General revenues			
Miscellaneous	11,623	6,182	
Unrestricted investment earnings		2,156	683 
Total revenues		3,262,703	2,474,692  Expenses:
General government	148,408	159,423	
Maintenance and operations	411,023	440,608	
Amenity center	298,540	228,687	
Interest on long-term debt	1,188,696	1,187,202	
Bond issue costs		216,137	1,000 	
Total expenses		2,262,804	2,016,920 	
Change in net position		999,899	457,772 	
Net position - beginning		(503,090)	(960,862)	
Net position - ending	 $	496,809  $	(503,090)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2022 was $2,262,804. The majority of the costs of the District’s activities were paid by program revenues. Program revenues are comprised primarily of assessments. The remainder of the current fiscal year revenue includes Developer contributions, miscellaneous revenue, and interest revenue. The increase in revenues is the result of the increase in assessment revenue and Developer contributions. The increase in total expenses is primarily due to the increase in bond issue costs.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2022.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2022, the District had $26,016,706 invested in capital assets. In the government-wide financial statements depreciation of $14,786 has been taken, which resulted in a net book value of
$26,001,920. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2022, the District had $27,165,000 in Bonds outstanding. Additionally, the District had a
$53,467 liability for financed purchases. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS

For the subsequent fiscal year, the District anticipates that the cost of general operations will remain fairly constant.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Cypress Bluff Community Development District’s Finance Department at 475 West Town Place, Suite 114, St. Augustine, Florida, 32092.

CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2022

	Governmental
	Activities		
ASSETS
Cash	
$	248,072	
Investments	378,332	
Due from others	747	
Deposits and prepaids	9,627	
Restricted assets:
Investments	
1,563,865	
Capital assets:
Nondepreciable	
25,942,774	
Depreciable, net		59,146 	
Total assets		28,202,563 	

LIABILITIES
Accounts payable	

10,064	
Accrued interest payable	501,535	
Non-current liabilities:
Due within one year	
577,729	
Due in more than one year		26,616,426 	
Total liabilities		27,705,754 	

NET POSITION
Net investment in capital assets	

(1,192,235)	
Restricted for debt service	1,171,894	
Restricted for capital projects	25,448	
Unrestricted		491,702 	
Total net position	 $	496,809 	

See notes to the financial statements

CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

Program Revenues
Charges	Operating	Capital

Net (Expense) Revenue and Changes in Net Position

for		Grants and		Grants and	Governmental Functions/Programs		Expenses	Services	Contributions	Contributions		Activities	 Primary government:
Governmental activities:

General government

$	148,408

$	148,408	$	-	$	-	$	-

Maintenance and operations			411,023		465,352		-	495,987		550,316 Amenity center			298,540		298,540		-		-			- Interest on long-term debt		1,188,696	1,834,232	6,405		-		651,941 Bond issue costs			216,137			-		-		-	(216,137) 
Total governmental activities		2,262,804	2,746,532	6,405	495,987	986,120 

General revenues:		
Miscellaneous	11,623	
Unrestricted investment earnings		2,156 	
Total general revenues		13,779 	
Change in net position	999,899	
Net position - beginning		(503,090) 	
Net position - ending	 $	496,809 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2022

	Major Funds		Total
	
General	Debt
Service	Capital
Projects	Governmental
Funds	
ASSETS					
Cash	$	145,565	$	102,507	$	-	$	248,072	
Investments	352,884	1,563,865	25,448	1,942,197	
Due from others	747	-	-	747	
Due from other funds	-	7,057	-	7,057	
Deposits and prepaids	9,627	-	-	9,627	
Total assets	 $	508,823	$ 1,673,429	$	25,448	$ 2,207,700 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	10,064	$	-	-	$	10,064	
Due to other funds	7,057	-	-	7,057	
Total liabilities	17,121	-	-	17,121	

Fund balances: Nonspendable:
Prepaids and deposits	9,627	-	-	9,627	
Restricted for:					
Debt service	-	1,673,429	-	1,673,429	
Capital projects	-	-	25,448	25,448	
Assigned to:					
Subsequent year's expenditures	30,715	-	-	30,715	
Unassigned	451,360	-	-	451,360	
Total fund balances	491,702	1,673,429	25,448	2,190,579	

Total liabilities and fund balances	
$	508,823	
$ 1,673,429	
$	25,448	
$ 2,207,700	

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2022

Fund balance - governmental funds	$  2,190,579
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	26,016,706
Accumulated depreciation	   (14,786)   26,001,920
Liabilities not due and payable from current available resources are not reported  as liabilities in  the  governmental fund
statements.	All liabilities, both current and long-term, reported in the government-wide financial statements.
Accrued interest payable	are	

(501,535)	
Amortization of oroginal issue discount Bonds payable		
  (27,194,155)	(27,695,690) 	
Net position of governmental activities		$	496,809	

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

	Major Funds		Total
	
General	Debt
Service	Capital
Projects	Governmental
Funds	
REVENUES
Assessments	
$	912,300	
$ 1,834,232	
$	-	
$  2,746,532	
Interest	2,156	6,405	565	9,126	
Miscellaneous revenues	11,623	-	-	11,623	
Total revenues	926,079	1,840,637	565	2,767,281	

EXPENDITURES
Current:
General government	148,408	-	-	148,408	
Maintenance and operations	411,023	-	-	411,023	
Amenity center	283,754	-	-	283,754	
Debt Service:
Principal	
20,465	
600,000	
-	
620,465	
Interest	3,615	1,186,808	-	1,190,423	
Bond issue costs	-	-	216,137	216,137	
Capital outlay	-	-	4,732,977	4,732,977	
Total expenditures	867,265	1,786,808	4,949,114	7,603,187	

Excess (deficiency) of revenues over (under) expenditures	

58,814	

53,829	

(4,948,549)	

(4,835,906)	

OTHER FINANCING SOURCES (USES)
Proceeds from bond issuance	

-	

28,422	

2,016,578	

2,045,000	
Original issue premium	-	29,203	-	29,203	
Total other financing sources (uses)	-	57,625	2,016,578	2,074,203	

Net change in fund balance	
58,814	
111,454	
(2,931,971)	
(2,761,703)	
Fund balances - beginning	432,888	1,561,975	2,957,419	4,952,282	

Fund balances - ending	
$	491,702	
$ 1,673,429	
$	25,448	
$  2,190,579	

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

Net change in fund balances - total governmental funds	$ (2,761,703)
Amounts reported for governmental activities in the statement of activities are different because:
Depreciation on capital assets is not recognized in the governmental fund statement but is reported as an expense in the statement of
activities.	(14,786)
Governmental funds report capital outlays as expenditures; however, the cost of capital assets is eliminated in the statement of activities
and capitalized in the statement of net position.	4,732,977
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the
statement of activities.	620,465

The statement of activities reports noncash contributions as revenues
but these revenues are not reported in the fund financial statements.	495,422
Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long-
term liabilities in the statement of net position.	(2,045,000)
In connection with the issuance of the Bonds, the original issue discount/premium is reported as a financing use/source when debt is first issued, whereas this amount is eliminated in the statement of activities and reduces/increases long-term liabilities in the statement
of net position.	(29,203)
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities
but not in the fund financial statements.	2,627
Amortization of Bond discounts/premiums is not recognized in the governmental fund financial statements, but is reported as an
expense in the statement of activities.				(900)  Change in net position of governmental activities		$	999,899

NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY
Cypress Bluff Community Development District ("District") was established by Ordinance 2018-335-E of the Board of County Commissioners of City of Jacksonville, pursuant to the Uniform Community Development District Act of 1980, and otherwise known as Chapter 190, Florida Statutes and expanded by City of Jacksonville Ordinance 2019-599-E on October 22, 2019. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue Bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the qualified electors of the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. As of September 30, 2022, certain Board members were affiliated with E-Town Development Inc. and Pulte Home Company, LLC (“Developers”).

The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. (Operating-type special assessments for maintenance and debt service are treated as charges for services.); and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the “Uniform Method of Collection” under Florida Statutes. Direct collected assessments are due as set forth in the annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the Uniform Method are noticed by the County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
The capital projects fund is used to account for the costs of major infrastructure acquired by the District and also to accumulate capital reserves for future maintenance costs and capital projects.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Inter-local Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a“2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Capital Assets (Continued)
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets	Years	
Equipment	5	

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

Fund Equity/Net Position (Continued)

The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the upcoming October 1.
Public hearings are conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2022:
 Amortized cost		Credit Risk	Maturities	 Dreyfus Government Cash Management	$	1,589,313	Not available		N/A

Investment in Local Government Surplus Funds Trust Fund
(Florida PRIME)		352,884 	S&P AAAm
 $	1,942,197 

Weighted average of the fund portfolio: 21 days

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)

External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48- hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.” With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2022, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2022 was as follows:

Beginning Balance

Additions	Reductions

Ending Balance

Governmental activities
Capital assets, not being depreciated		
Infrastructure in progress	$ 20,714,375	$	5,228,399	$	$  25,942,774	

-
Total capital assets, not being depreciated		20,714,375		5,228,399		-		25,942,774	

Capital assets, being depreciated Equipment		

-		

73,932		

-		

73,932	
Total capital assets, being depreciated		-		73,932		-		73,932	

Less accumulated depreciation for: Equipment		

-		

14,786		

-		

14,786	
Total accumulated depreciation		-		14,786		-		14,786	

Total capital assets, being depreciated, net		
-		
59,146		
-		
59,146	

Governmental activities capital assets, net	
$	
20,714,375	
$	
5,287,545	
$	
-	
$	
26,001,920	

The infrastructure intended to serve the District has been estimated at a total cost of approximately
$28,104,584 for the Series 2019 and 2020 projects, $7,708,526 for the Series 2020A project, and $1.8 million for the Series 2021 project. The infrastructure will include roadways, utilities, landscapes, hardscapes, electrical improvements, and recreational improvements. A portion of the project costs was expected to be financed with the proceeds from the issuance of Bonds with the remainder to be funded by the Developer and conveyed to the District. Upon completion, certain improvements are to be conveyed to others for ownership and maintenance responsibilities.

During the current fiscal year, the District acquired from the Developers assets costing a total of $5,228,339, of which $495,422 was contributed by the Developers. The amount contributed by the Developers is reflected in the capital grants and contributions balance in the statement of activities.

In connection with the 2019, 2020, and 2020A and 2021 projects (“projects”), if the amount by which the cost of the projects or portion thereof to be conveyed by the Developer to the District pursuant to the Acquisition Agreements exceeds the amount actually paid by the District for the projects or portion thereof from proceeds of the Series 2019, 2020, 2020A, and 2021 Bonds, it may be determined that deferred obligations exist. Upon completion of the projects, certain funds available from the Bonds may be used to pay deferred obligations as outlined in the Bond Indenture. The District has not yet determined if a liability exists for deferred obligations.

NOTE 6 – LONG TERM LIABILITIES

Series 2019
In January 2019 the District issued $11,565,000 of Special Assessment Bonds, Series 2019 consisting of multiple term bonds with due dates ranging from May 1, 2024 to May 1, 2048 and fixed interest rates ranging from 3.75% to 4.1%. The Bonds were issued to finance a portion of the cost of acquiring, constructing, and equipping the Series 2019 project. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Series 2019 Bonds is paid serially commencing May 1, 2019 through May 1, 2048.

The Bonds are subject to optional redemption prior to maturity as outlined in the Bond Indenture. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. This occurred during the current fiscal year as the District collected assessments from lot closings and prepaid $55,000 of the Series 2019 Bonds.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2022.

Series 2020
In April 2020 the District issued $7,705,000 of Special Assessment Bonds, Series 2020 consisting of multiple term bonds with due dates ranging from November 1, 2025 to November 1, 2049 and fixed interest rates ranging from 3.9% to 5.2%. The Bonds were issued to finance a portion of the cost of acquiring, constructing, and equipping the Series 2020 project. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Series 2020 Bonds is paid serially commencing November 1, 2020 through November 1, 2049.

The Bonds are subject to optional redemption prior to maturity as outlined in the Bond Indenture. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2022.

Series 2020A
In August 2020 the District issued $7,675,000 of Special Assessment Bonds, Series 2020A consisting of multiple term bonds with due dates ranging from May 1, 2025 to May 1, 2050 and fixed interest rates ranging from 2.7% to 3.8%. The Bonds were issued to finance a portion of the cost of acquiring, constructing, and equipping the Series 2020A project. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Series 2020A Bonds is paid serially commencing May 1, 2021 through May 1, 2050.

The Bonds are subject to optional redemption prior to maturity as outlined in the Bond Indenture. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2022.

Series 2021
In November 2021, the District issued $2,045,000 of Special Assessment Bonds, Series 2021 consisting of multiple term bonds with due dates ranging from May 1, 2026 to May 1, 2051, and fixed interest rates ranging from 2.3% to 4%. The bonds were issued to finance the cost of acquiring, constructing and equipping assessable improvements comprising the Series 2021 Project. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2022 through May 1, 2051.

The Bonds are subject to optional redemption prior to maturity as outlined in the Bond Indenture. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2022.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2022 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds payable:						
Series 2019	$  10,780,000	$	-	$	265,000	$  10,515,000	$	215,000	
Series 2020	7,415,000	-	130,000	7,285,000	135,000	
Series 2020A	7,525,000	-	165,000	7,360,000	160,000	
Less: OID	54,415	-	1,876	52,539		
Series 2021	-	2,045,000	40,000	2,005,000	45,000	
Plus: OIP	-	29,203	976	28,227		
Financed purchases	-	73,932	20,465	53,467	22,729	
Total	 $  25,665,585	$	2,148,135	$	617,613	$  27,194,155	$	577,729 

Long-term Debt Activity (Continued)
At September 30, 2022, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

	Governmental Activities	

  September 30:	Principal	Interest	Total	
2023	$	555,000	$	1,202,514	$	1,757,514	
2024	575,000	1,183,734	1,758,734	
2025	590,000	1,164,249	1,754,249	
2026	615,000	1,143,313	1,758,313	
2027	640,000	1,120,406	1,760,406	
2028-2032	3,570,000	5,208,440	8,778,440	
2033-2037	4,440,000	4,357,331	8,797,331	
2038-2042	5,555,000	3,255,003	8,810,003	
2043-2047	7,000,000	1,816,835	8,816,835	
2048-2052		3,625,000	277,225	3,902,225 
Total	 $	27,165,000	$	20,729,050	$	47,894,050 

NOTE 7 – FINANCE PURCHASES

The District has the following agreements to finance the purchase of equipment:

Equipment
Type	Equipment
Cost	Agreement
Inception	
Maturity	Monthly
Payment	
Fitness	$	77,205	1/25/2021	12/25/2024	$1,792	
Fitness	9,965	1/25/2022	2/25/2025	322	
Minimum payments for years ending after September 30, 2022 are as follows:

Year ending
September 30:	
Principal	
Interest	Total
payments	
2023	$	22,729	$	2,639	$	25,368	
2024	24,148	1,220	25,368	
2025		6,590	75	6,665 
Total	 $	53,467	$	3,934	$	57,401 

NOTE 8 – DEVELOPER TRANSACTIONS

The Developers own a portion of land within the District; therefore, assessment revenues in the debt service funds include the assessments levied on those lots owned by the Developer. Also see Note 5 above for additional Developer transactions.

NOTE 9 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developers, the loss of which could have a material adverse effect on the District’s operations.

NOTE 10 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims over the past three years.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

	
Budgeted
	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Assessments	
$	907,175	
$	912,300	
$	5,125	
Interest	1,000	2,156	1,156	
Miscellaneous income	10,000	11,623	1,623	
Total revenues	918,175	926,079	7,904	

EXPENDITURES
Current:
General government	137,962	148,408	(10,446)	
Maintenance and operations	398,470	411,023	(12,553)	
Amenity	381,743	283,754	97,989	
Debt Service:				
Principal	-	20,465	(20,465)	
Interest	-	3,615	(3,615)	
Total expenditures	918,175	867,265	50,910	

Excess (deficiency) of revenues over (under) expenditures	

 $	-		

58,814	

 $	58,814 	
Fund balance - beginning			432,888 		
Fund balance - ending		 $	491,702 		

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2022.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C) UNAUDITED

Element	Comments
Number of district employees compensated at 9/30/2022	0	
Number of independent contractors compensated in September 2022	14	
Employee compensation for FYE 9/30/2022 (paid/accrued)	$4,878.70	
Independent contractor compensation for FYE 9/30/2022	$774,843.44	
Construction projects to begin on or after October 1; ($65K)	None	
Budget variance report	See page 24 of annual financial report	
Ad Valorem taxes	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate for FYE 9/30/2022	Operations and maintenance:
$325.00 - $1,181.08	
	
Debt service:
Series 2019: $199.71 - $1,675.20 Series 2020: $370.71 - $837.80 Series 2020A: $723.64 - $1,085.46 Series 2021: $4.26 - $247.65	
Special assessments collected FYE 9/30/2022	$2,746,532.00	
Outstanding Bonds:		
Series 2019, due May 1, 2048,	see Note 7 for details	
Series 2020, due May 1, 2049,	see Note 7 for details	
Series 2020A, due May 1, 2050,	see Note 7 for details	

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Cypress Bluff Community Development District City of Jacksonville, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Cypress Bluff Community Development District, City of Jacksonville, Florida (“District”) as of and for the fiscal year ended September 30, 2022, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated Xxxx, 2023.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Xxxx, 2023

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Cypress Bluff Community Development District City of Jacksonville, Florida
We have examined Cypress Bluff Community Development District, City of Jacksonville, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2022. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2022.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Cypress Bluff Community Development District, City of Jacksonville, Florida and is not intended to be and should not be used by anyone other than these specified parties.

Xxxx, 2023

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Cypress Bluff Community Development District City of Jacksonville, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Cypress Bluff Community Development District, City of Jacksonville, Florida ("District") as of and for the fiscal year ended September 30, 2022, and have issued our report thereon dated Xxxx, 2023.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated Xxxx, 2023, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Cypress Bluff Community Development District, City of Jacksonville, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Cypress Bluff Community Development District, City of Jacksonville, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

Xxxx, 2023

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

2021-01 Budget

Current Status: Recommendation has been implemented.

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2021, except as noted above.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2022.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2022.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 26.

FIFTH ORDER OF BUSINESS

RESOLUTION 2023-05

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

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Cypress Bluff Community Development District (“District”) prior to June 15, 2023, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”); and

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

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2023/2024 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. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:
DATE:	July 25, 2023
HOUR:	1:30 p.m.

LOCATION:	E-Town Welcome Center 11003 E-Town Parkway
Jacksonville, Florida 32256
TRANSMITTAL	OF	PROPOSED	BUDGET	TO	LOCAL	GENERAL	PURPOSE
GOVERNMENT(S). The District Manager is hereby directed to submit a copy of the Proposed Budget to the City of Jacksonville and Duval 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 approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, 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 in Florida law.

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 take effect immediately upon adoption.

PASSED AND ADOPTED THIS 23RD DAY OF MAY 2023.

ATTEST:	CYPRESS BLUFF COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson / Vice Chairperson, Board of Supervisors

Exhibit A:	Fiscal Year 2023/2024 Proposed Budget

Exhibit A

Fiscal Year 2023/2024 Proposed Budget

Cypress Bluff
Community Development District

Proposed  Budget FY 2024

Cypress Bluff
Community Development District

TABLE OF CONTENTS

General Fund
Summary of Revenues and Expenses	Page 1-3
Narrative	Page 4-9

Series 2019 Debt Service Fund
Summary of Revenues and Expenses	Page 10
Amortization Schedule	Page 11-12

Series 2020 Debt Service Fund
Summary of Revenues and Expenses	Page 13
Amortization Schedule	Page 14-15

Series 2020A Debt Service Fund
Summary of Revenues and Expenses	Page 16
Amortization Schedule	Page 17-18

Series 2021 Debt Service Fund
Summary of Revenues and Expenses	Page 19
Amortization Schedule	Page 20-21

	Adopted
Budget	Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY 2023	4/30/23	Months	9/30/23	FY 2024	

Revenues						
Assessments	$  907,175	$	896,311	$	11,863	$	908,174	$	908,174	
Intererst SBA	$	1,000	$	8,571	$	3,500	$	12,071	$	5,000	
Other Revenues (Event Fees)	$	20,000	$	11,863	$	8,137	$	20,000	$	20,000	
Carry Forward Surplus	$	30,715	$	70,715	$	-	$	70,715	$	119,932	
Total Revenues	$ 958,890	$	987,461	$	23,500	$ 1,010,960	$  1,053,106	

Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	4,000	$	5,000	$	9,000	$	12,000	
FICA Expense	$	918	$	260	$	383	$	643	$	918	
Engineering	$	5,000	$	2,161	$	2,840	$	5,000	$	5,000	
Arbitrage	$	2,400	$	1,200	$	1,200	$	2,400	$	2,400	
Dissemination Agent	$	6,000	$	3,900	$	2,500	$	6,400	$	7,160	
Attorney	$	15,000	$	5,480	$	9,520	$	15,000	$	15,000	
Annual Audit	$	8,000	$	5,000	$	1,400	$	6,400	$	6,600	
Assessment Roll	$	10,000	$	10,000	$	-	$	10,000	$	10,600	
Trustee Fees	$	19,000	$	19,685	$	-	$	19,685	$	20,000	
Management Fees	$	49,140	$	28,665	$	20,475	$	49,140	$	52,088	
Information Technology	$	2,500	$	1,458	$	1,042	$	2,500	$	2,650	
Website Maintenance	$	1,250	$	729	$	521	$	1,250	$	1,325	
Telephone	$	500	$	37	$	463	$	500	$	500	
Postage	$	1,500	$	768	$	732	$	1,500	$	1,500	
Printing & Binding	$	2,500	$	772	$	1,728	$	2,500	$	2,500	
Insurance	$	6,684	$	5,988	$	-	$	5,988	$	7,687	
Legal Advertising	$	2,500	$	739	$	1,761	$	2,500	$	2,500	
Other Current Charges	$	1,000	$	-	$	500	$	500	$	1,000	
Office Supplies	$	600	$	98	$	502	$	600	$	600	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$ 146,667	$	91,116	$	50,565	$	141,680	$	152,203	

Grounds Maintenance						
Lake Maintenance	$	2,000	$	670	$	500	$	1,170	$	1,500	
Landscape Maintenance	$  332,604	$	195,403	$	137,201	$	332,604	$	332,604	

	Adopted
Budget	Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY 2023	4/30/23	Months	9/30/23	FY 2024	

Landscape Contingency	
$	7,000	
$	10,998	
$	2,002	
$	13,000	
$	13,000	
Pump Maintenance	$	3,550	$	-	$	1,775	$	1,775	$	3,550	
Water & Sewer	$	45,000	$	17,600	$	27,400	$	45,000	$	45,000	
Irrigation Repairs	$	3,000	$	4,956	$	2,544	$	7,500	$	7,500	
Landscape Reserves	$	7,500	$	-	$	500	$	500	$	-	
Pest Control	$	2,400	$	1,152	$	1,248	$	2,400	$	2,400	
Environmental Permit/Monitoring	$	-	$	9,000	$	-	$	9,000	$	9,000	
Other Repairs and Maintenance	$	3,000	$	-	$	1,000	$	1,000	$	3,000	
Total Grounds Maintenance	$ 406,054	$	239,780	$  174,169	$	413,949	$	417,554	

Amenity 						
Insurance	$	38,654	$	35,529	$	-	$	35,529	$	57,981	
Amenity Manager (VESTA)	$  109,505	$	63,878	$	45,625	$	109,503	$	109,505	
Pool Maintenance (VESTA)	$	9,875	$	5,761	$	4,115	$	9,876	$	9,875	
Pool Chemicals (VESTA)	$	13,875	$	8,094	$	5,780	$	13,874	$	13,875	
Facility Attendant (VESTA)	$	72,352	$	42,206	$	30,145	$	72,351	$	72,352	
Janitorial Services (VESTA)	$	10,828	$	6,316	$	4,510	$	10,826	$	10,828	
Refuse	$	1,547	$	1,009	$	750	$	1,759	$	1,800	
Security and Gate Maintenance	$	4,000	$	4,436	$	900	$	5,336	$	5,500	
Facility Maintenance (VESTA)	$	20,765	$	12,113	$	8,650	$	20,763	$	20,765	
Elevator Maintenance	$	3,000	$	3,662	$	-	$	3,662	$	4,000	
Electric	$	20,400	$	15,460	$	14,540	$	30,000	$	30,000	
Cable and Internet	$	10,500	$	6,416	$	5,584	$	12,000	$	12,000	
Licenses and Permits	$	1,000	$	-	$	500	$	500	$	1,000	
Repairs & Maintenance	$	20,000	$	17,738	$	10,262	$	28,000	$	33,000	
Special Events	$	15,000	$	16,986	$	15,500	$	32,486	$	32,000	
Holiday Decorations	$	1,500	$	704	$	796	$	1,500	$	1,500	
Fitness Center R&M	$	10,000	$	5,406	$	4,594	$	10,000	$	10,000	
Fitness Equipment Rentals	$	25,368	$	14,798	$	10,570	$	25,368	$	25,368	
Reserve for Amenities	$	15,000	$	15,020	$	4,980	$	20,000	$	20,000	
Mobile Application	$	-	$	4,500	$	4,500	$	9,000	$	9,000	
Other Current Charges	$	3,000	$	-	$	1,000	$	1,000	$	3,000	
Total Amenity	$ 406,169	$	280,032	$  173,301	$	453,332	$	483,349	

	Adopted
Budget		Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY 2023		4/30/23	Months	9/30/23	FY 2024	
							
Total Expenditures	$ 958,890	$	610,927	$  398,034	$ 1,008,962	$  1,053,106	

Excess Revenues (Expenditures)

$	(0)  $

376,534

$ (374,535)  $

1,999	$	-

Assessments per unit for FY 2024
Development
Type	Number of
Units	Assessments Per
Category	Assessments Per
Unit (net)	Assessments Per
Unit (gross) (1)	
Active Adult	519	$168,675	$325.00	$351.35	
Residential	1,477	$738,500	$500.00	$540.54	
Total Residential	1,996	$908,174			

(1) Includes provision for the early payment discount of 4% and Duval County collection costs of 3.5%.

REVENUES:

Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year. The assessment may either be invoiced directly to the property owner or placed on the Duval County Tax Roll.

Interest SBA
The District will have all excess funds transferred to the Local Government Surplus Funds Trust fund (Florida PRIME) with State Board of Administration (SBA). The amount is based upon the estimated average balance of funds available during the fiscal year.

Other Revenues
Income received from resident rental of Rooftop patio, amenity access fobs, fitness class, etc.

EXPENDITURES:

Administrative:

Supervisor Fees & FICA Expense
Supervisors by Florida statutes are eligible for compensation if elected at $200/meeting. The costs are reflective of anticipated compensation plus FICA matching.

Engineering Fees
The District’s engineer, England-Thims & Miller, Inc will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2019, 2020, 2020A and 2021 Special Assessment Revenue Bonds.

Dissemination
The District has contracted with GMS, LLC to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney
The District’s legal counsel, Kutak Rock LLP will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau and Associates currently serves as the District’s Independent Auditor.

Assessment Roll
The District has contracted with Governmental Management Services, LLC for the certification and collection of the District’s annual maintenance and debt service assessments. Assessments on platted lots are collected by agreement with Duval County while unplatted assessments maybe collected directly by District and/or by County Tax Collector.

Trustee Fees
The Trustee at The Bank of New York Mellon administers the District’s Series 2019, 2020, 2020A, and 2021 Special Assessment Revenue Bonds. The amount represents the annual fee for the administration of the District’s bond issue.

Management Fees
The District receives management, accounting and administrative services as part of a management agreement with Governmental Management Services, LLC (“GMS”). These services are further outlined in Exhibit “A” of the Management Agreement with GMS.

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, security, accounting software, etc.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone
Telephone conference costs for District meetings, workshops and committee meetings.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

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

Insurance
The District’s General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.

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
Estimated bank charges and any other miscellaneous expenses that incurred during the year.

Office Supplies
Miscellaneous office supplies.

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

Grounds Maintenance:

Pond Maintenance (Water Quality)
Estimated costs to maintain ponds in the District.

Landscape Maintenance
The District has contracted with Sun State Nursery & Landscaping Estimated costs related to maintain the common areas of the District.

Vendor	Description	Monthly	Annual	
Sun State Nursery & Landscaping	Landscape Maintenance Ph1	$6,027	$72,324	
	Landscape Maintenance Ph2	$14,210	$170,520	
	E-Town Recharge Center	$3,320	$39,840	
	E-Town Interchange East	$4,160	$49,920	
Total		$ 27,717	$332,604	

Landscape Contingency
Estimated costs for other landscape maintenance incurred by the District.

Pump Maintenance
Estimated costs related to maintain the irrigation pumps in the District.

Water/Sewer
Estimated costs for irrigation by the district for water, sewer and irrigation billed by JEA.

Account#	Location	Monthly	Annual	
Fire Sprinkler 1	10571 E-Town PY	$48	$571	
P405621600	11399 Square ST Apt IR01	$1,212	$14.542	
88781372 -Water	10571 E-Town PY	$74	$893	
88634656	10571 E-Town PY	$1,393	$16,720	
88781372 -Sewer	10571 E-Town PY	$828	$9,939	
	Contingency	$195	$2,335	
Total		$3,750	$45,000	

Irrigation Repairs
Estimated miscellaneous irrigation maintenance and repair costs.

Landscape Reserves
For additional landscape services and possible storm cleanup.

Pest Control
The estimated costs for Turner ‘s Pest Control to provide monthly pest control services.

Vendor	Description	Monthly	Annual	
Turner Pest Control	Pest Control	$200	$2,400	
Total			$2,400	

Environmental  Permit/Monitoring
An Environmental Resource Permit (ERP) is required for development or construction activities to reduce increased flooding, protect the water quality of Florida's lakes and streams from stormwater pollution, and protect wetlands and other surface waters.

Other Repairs and Maintenance
Estimated costs for other repairs and maintenance incurred by the district.

Amenity:

Insurance
The District's Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.

Amenity Manager
The District contracted with Vesta Property Services to provide management services for the Amenity Center.

Pool Maintenance
The District has contracted with Vesta to maintain the Amenity swimming pools.

Pool Chemicals
The District has contracted with Vesta for purchase and delivery of pool chemicals for the maintenance of the Amenity Center swimming pools.

Facility Attendant
The District has contracted with Vesta to provide community facility staff for the amenity center to greet patrons, providing facility tours, issuance of access cards and policy enforcement.

Janitorial Services
The District utilizes the services of Vesta Property Services to provide janitorial services.

Refuse
This item includes Waste Pro Management picking up trash from the receptacles at the Amenity Center.

Vendor	Description	Monthly	Annual	
Waste Pro	Refuse	$150	$1,800	
Total			$1,800	

Security and Gate Maintenance
Estimated maintenance costs of the security cameras and gate.

Facility Maintenance
The District utilizes the services of Vesta Property Services to provide maintenance and repairs necessary for upkeep of the Amenity Center and common grounds area.

Elevator Maintenance
Estimated costs to provide maintenance and repairs necessary for upkeep of the Amenity Center elevator.

Electric
JEA provides for electric services for the District. The cost of electric associated with the Recreation Facilities:

Account#	Location	Monthly	Annual	
22970659	10923 E-Town PY Apt IR01	$13	$156	
23679519	11145 E-Town PY Apt IR01	$180	$2,160	
24059037	11399 Square St Apt IR02	$16	$192	
22972246	10505 E-Town PY Apt IR01	$16	$192	
21277318	10571 E-Town PY	$955	$11,460	
23408499	11399 Square St Apt IR03	$1,70	$15,240	
	Contingency	$50	$600	
Total		$2500	$30,00	

Cable and Internet
The District has contracted with Comcast for cable and internet in the Amenity Center.

Account#	Location	Monthly	Annual	
8495741213305280	10571 E-Town Pkwy (Fitness)	$605	$7,260	
8495741213305083	10571 E-Town Pkwy (Outdoor)	$395	$4,740	
Total		$1,000	$12,000	

License and Permits
Represents license fees for the amenity center and permit fees paid to the Florida Department of Health in St. Johns County for the swimming pools.

Repair and Replacements
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.

Special Events
Represents estimated costs for the District to host special events for the community through the Fiscal Year.

Holiday Decorations
Represents estimated costs for the District to decorate the Amenity center for the holidays.

Fitness Center R&M
Estimated costs to provide maintenance and repairs necessary for upkeep of the Amenity Fitness Center.

Fitness Equipment Rentals
The District has contracted with Macrolease to rent fitness equipment

Vendor	Description	Monthly	Annual	
Macrolease	Fitness equipment Rental	$2,114	$25,368	
Total			$25,368	

Reserve for Amenities
Establishment of general reserve to fund future replacement.

Mobile Application
Alternative mobile communication of information related to Amenity Facilities for residents and patrons included but not limited to hours of operations, resident programs, special events, and other services for the District.

Other Current Charges
Represents miscellaneous costs incurred by the District.

Cypress Bluff
Community Development District
Series 2019 Debt Service Fund

	Adopted
Budget	Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY 2023	4/30/23	Months	9/30/23	FY 2024	

Revenues						
Special Assessments	$	725,131	$	713,056	$	12,074	$	725,131	$	725,131	
Interest Income	$	700	$	14,642	$	7,500	$	22,142	$	5,000	
Carry Forward Surplus	$	270,060	$	279,756	$	-	$	279,756	$	290,557	
Total Revenues	$	995,891	$	1,007,455	$	19,574	$ 1,027,030	$ 1,020,687	

Expenditures						
Series 2019
Interest Expense 11/1	
$	256,102	
$	255,371	
$	-	
$	255,371	
$	252,071	
Special Call 11/1	$	-	$	10,000	$	-	$	10,000	$	-	
Principal Expense 5/1	$	215,000	$	-	$  215,000	$	215,000	$	225,000	
Interest Expense 5/1	$	256,102	$	-	$  256,102	$	256,102	$	252,071	
Total Expenditures	$	727,204	$	265,371	$ 471,102	$	736,473	$	729,141	
						
Excess Revenues/(Expenditures)	$	268,687	$	742,084	$ (451,527)	$	290,557	$	291,546	

11/1/24 Interest Payment	$	247,852

Assessments per unit for FY 2024
Development
Type	
Units	Gross
Per Unit	Gross
Assessments (1)	
SF- Active Adult Lots	345	$405.17	$139,579	
SF- Residential	776	$837.60	$649,559	
Gross Annual Assessment			$789,138	
Less Disc. + Collections 7.5%			($64,782)	
Direct Invoice			$775	
Net Annual Assessment			$725,131	

(1) include 3.5% collection costs of Duval County and maximum early payment discount

Period	Annual	Interest		Annual	Bond	
Ending	Principal	Rate	Interest	Debt	Balance	

11/1/23			$252,071	$723,173	$10,330,000	
5/1/24	$225,000	3.75%	$252,071		$10,105,000	
11/1/24			$247,852	$724,923	$10,105,000	
5/1/25	$235,000	4.125%	$247,852		$9,870,000	
11/1/25			$243,005	$725,857	$9,870,000	
5/1/26	$240,000	4.125%	$243,005		$9,630,000	
11/1/26			$237,952	$720,957	$9,630,000	
5/1/27	$255,000	4.125%	$237,952		$9,375,000	
11/1/27			$232,693	$725,644	$9,375,000	
5/1/28	$265,000	4.125%	$232,693		$9,110,000	
11/1/28			$227,227	$724,919	$9,110,000	
5/1/29	$275,000	4.125%	$227,227		$8,835,000	
11/1/29			$221,555	$723,782	$8,835,000	
5/1/30	$285,000	4.125%	$221,555		$8,550,000	
11/1/30			$214,573	$721,128	$8,550,000	
5/1/31	$300,000	4.90%	$214,573		$8,250,000	
11/1/31			$207,223	$721,795	$8,250,000	
5/1/32	$315,000	4.90%	$207,223		$7,935,000	
11/1/32			$199,505	$721,728	$7,935,000	
5/1/33	$330,000	4.90%	$199,505		$7,605,000	
11/1/33			$191,298	$720,803	$7,605,000	
5/1/34	$350,000	4.90%	$191,298		$7,255,000	
11/1/34			$182,723	$724,020	$7,255,000	
5/1/35	$365,000	4.90%	$182,723		$6,890,000	
11/1/35			$173,780	$721,503	$6,890,000	
5/1/36	$385,000	4.90%	$173,780		$6,505,000	
11/1/36			$164,348	$723,128	$6,505,000	
5/1/37	$405,000	4.90%	$164,348		$6,100,000	
11/1/37			$154,425	$723,773	$6,100,000	
5/1/38	$425,000	4.90%	$154,425		$5,675,000	
11/1/38			$144,013	$723,438	$5,675,000	
5/1/39	$445,000	4.90%	$144,013		$5,230,000	
11/1/39			$133,110	$722,123	$5,230,000	
5/1/40	$470,000	5.10%	$133,110		$4,760,000	
11/1/40			$121,125	$724,235	$4,760,000	
5/1/41	$495,000	5.10%	$121,125		$4,265,000	
11/1/41			$108,503	$724,628	$4,265,000	
5/1/42	$520,000	5.10%	$108,503		$3,745,000	
11/1/42			$95,243	$723,745	$3,745,000	
5/1/43	$545,000	5.10%	$95,243		$3,200,000	

Period
Ending	Annual
Principal	Interest
Rate	
Interest	Annual
Debt	Bond
Balance	
						
11/1/43			$81,345	$721,588	$3,200,000	
5/1/44	$575,000	5.10%	$81,345		$2,625,000	
11/1/44			$66,683	$723,028	$2,625,000	
5/1/45	$605,000	5.10%	$66,683		$2,020,000	
11/1/45			$51,255	$722,938	$2,020,000	
5/1/46	$635,000	5.10%	$51,255		$1,385,000	
11/1/46			$35,063	$721,318	$1,385,000	
5/1/47	$670,000	5.10%	$35,063		$715,000	
11/1/47			$17,978	$723,040	$715,000	
5/1/48	$705,000	5.10%	$17,978		$10,000	
Total	$10,320,000		$8,009,083	$18,077,207		

Cypress Bluff
Community Development District
Series 2020 Debt Service Fund

	Adopted
Budget	Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY2021	4/30/23	Months	9/30/23	FY 2024	

Revenues						
Special Assessments	$	494,600	$	489,714	$	4,886	$	494,600	$	494,600	
Interest Income	$	500	$	10,319	$	4,500	$	14,819	$	5,000	
Carry Forward Surplus	$	315,480	$	317,226	$	-	$	317,226	$	334,859	
Total Revenues	$	810,581	$	817,258	$	9,386	$	826,644	$	834,459	

Expenditures						
Series 2020
Interest Expense 11/1	
$	179,709	
$	179,709	
$	-	
$	179,709	
$	177,076	
Principal Expense 11/1	$	135,000	$	135,000	$	-	$	135,000	$	140,000	
Interest Expense 5/1	$	177,076	$	-	$	177,076	$	177,076	$	174,346	
Total Expenditures	$	491,785	$	314,709	$	177,076	$	491,785	$	491,423	
						
Excess Revenues/(Expenditures)	$	318,796	$	502,550	$	(167,690)	$	334,859	$	343,037	
			
11/1/24	
Interest Payment	
$	174,346	
11/1/24 Principal Payment  $	145,000 
TOTAL  $	319,346 

Assessments per unit for FY 2024
Development
Type	Number of
Units	Gross
Per Unit	Gross
Assessments (1)	
SF- Active Adult Lots	172	$405.37	$69,724	
SF- Residential	555	$838.80	$465,534	
Total Gross Assessments			$535,258	
Less Disc. + Collections 7.5%			($40,658)	

13

Period		Interest		Annual Debt	Bond	
Ending	Principal	Rate	Interest	Service	Balance	

11/1/23	$140,000	3.90%	$177,076	$494,153	$7,010,000	
5/1/24			$174,346		$7,010,000	
11/1/24	$145,000	3.90%	$174,346	$493,693	$6,865,000	
5/1/25			$171,519		$6,865,000	
11/1/25	$150,000	3.90%	$171,519	$493,038	$6,715,000	
5/1/26			$168,594		$6,715,000	
11/1/26	$155,000	4.35%	$168,594	$492,188	$6,560,000	
5/1/27			$165,223		$6,560,000	
11/1/27	$160,000	4.35%	$165,223	$490,445	$6,400,000	
5/1/28			$161,743		$6,400,000	
11/1/28	$170,000	4.35%	$161,743	$493,485	$6,230,000	
5/1/29			$158,045		$6,230,000	
11/1/29	$175,000	4.35%	$158,045	$491,090	$6,055,000	
5/1/30			$154,239		$6,055,000	
11/1/30	$185,000	4.35%	$154,239	$493,478	$5,870,000	
5/1/31			$150,215		$5,870,000	
11/1/31	$190,000	5.00%	$150,215	$490,430	$5,680,000	
5/1/32			$145,465		$5,680,000	
11/1/32	$200,000	5.00%	$145,465	$490,930	$5,480,000	
5/1/33			$140,465		$5,480,000	
11/1/33	$210,000	5.00%	$140,465	$490,930	$5,270,000	
5/1/34			$135,215		$5,270,000	
11/1/34	$220,000	5.00%	$135,215	$490,430	$5,050,000	
5/1/35			$129,715		$5,050,000	
11/1/35	$235,000	5.00%	$129,715	$494,430	$4,815,000	
5/1/36			$123,840		$4,815,000	
11/1/36	$245,000	5.00%	$123,840	$492,680	$4,570,000	
5/1/37			$117,715		$4,570,000	
11/1/37	$255,000	5.00%	$117,715	$490,430	$4,315,000	
5/1/38			$111,340		$4,315,000	
11/1/38	$270,000	5.00%	$111,340	$492,680	$4,045,000	
5/1/39			$104,590		$4,045,000	
11/1/39	$285,000	5.00%	$104,590	$494,180	$3,760,000	
5/1/40			$97,465		$3,760,000	
11/1/40	$295,000	5.00%	$97,465	$489,930	$3,465,000	
5/1/41			$90,090		$3,465,000	
11/1/41	$310,000	5.20%	$90,090	$490,180	$3,155,000	
5/1/42			$82,030		$3,155,000	
11/1/42	$330,000	5.20%	$82,030	$494,060	$2,825,000	
5/1/43			$73,450		$2,825,000	
11/1/43	$345,000	5.20%	$73,450	$491,900	$2,480,000	
5/1/44			$64,480		$2,480,000	
11/1/44	$365,000	5.20%	$64,480	$493,960	$2,115,000	
5/1/45			$54,990		$2,115,000	
11/1/45	$380,000	5.20%	$54,990	$489,980	$1,735,000	
5/1/46			$45,110		$1,735,000	
14

Period
Ending	
Principal	Interest
Rate	
Interest	Annual Debt
Service	Bond
Balance	
						
11/1/46	$400,000	5.20%	$45,110	$490,220	$1,335,000	
5/1/47			$34,710		$1,335,000	
11/1/47	$420,000	5.20%	$34,710	$489,420	$915,000	
5/1/48			$23,790		$915,000	
11/1/48	$445,000	5.20%	$23,790	$492,580	$470,000	
5/1/49			$12,220		$470,000	
11/1/49	$470,000	5.20%	$12,220	$494,440	$0	
Total	$7,150,000		$5,958,281	$13,285,358		

Cypress Bluff
Community Development District
Series 2020A Debt Service Fund (Del Webb)

	Proposed
Budget	Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY2021	4/30/23	Months	9/30/23	FY 2024	

Revenues						
Special Assessments	$	422,538	$	415,495	$	7,043	$	422,538	$	422,539	
Interest Income	$	500	$	8,572	$	3,500	$	12,072	$	5,000	
Carry Forward Surplus	$	144,693	$	156,858	$	-	$	156,858	$	161,271	
Total Revenues	$	567,731	$	589,497	$	10,543	$	600,040	$	588,810	

Expenditures						
Series 2020A						
Interest Expense 11/1	$	131,884	$131,884	$	-	$	131,884	$	129,724	
Principal Expense Prepay 11/1	$	-	$15,000	$	-	$	15,000	$	-	
Principal Expense 5/1	$	160,000	$	-	$  160,000	$	160,000	$	165,000	
Interest Expense 5/1	$	131,884	$	-	$  131,884	$	131,884	$	129,724	
Total Expenditures	$	423,769	$	146,884	$ 291,884	$	438,769	$	424,449	
						
Excess Revenues/(Expenditures)	$	143,962	$	442,612	$ (281,341)	$	161,271	$	164,361	

11/1/24 Interest Payment	
$	
127,497	

Assessments per unit for FY 2024	
Lot	Unit	Net Per	Gross Per	Gross	
Size	Count	Unit	Unit	Assessments (1)	
40'	188	$669	$724	$136,117	
50'	199	$837	$905	$180,068	
60'	132	$1,004	$1,085	$143,274	
Gross Annual Assessme	nt			$459,459	
Less Disc. + Collections 7.5%	($34,689)

Net Annual Assessment	$424,769

(1) include 3.5% collection costs of Duval County and maximum early payment discount of 4%.

Period		Interest		Annual	Bond	
Ending	Principal	Rate	Interest	Debt Service	Balance	

11/1/23			$129,724	$421,609	$7,210,000	
5/1/24	$165,000	2.70%	$129,724		$7,045,000	
11/1/24			$127,497	$422,221	$7,045,000	
5/1/25	$165,000	2.70%	$127,497		$6,875,000	
11/1/25			$125,269	$417,766	$6,875,000	
5/1/26	$175,000	3.13%	$125,269		$6,700,000	
11/1/26			$122,535	$422,804	$6,700,000	
5/1/27	$180,000	3.13%	$122,535		$6,520,000	
11/1/27			$119,723	$422,258	$6,520,000	
5/1/28	$185,000	3.13%	$119,723		$6,335,000	
11/1/28			$116,832	$421,554	$6,335,000	
5/1/29	$190,000	3.13%	$116,832		$6,145,000	
11/1/29			$113,863	$420,695	$6,145,000	
5/1/30	$200,000	3.13%	$113,863		$5,945,000	
11/1/30			$110,738	$424,601	$5,945,000	
5/1/31	$205,000	3.63%	$110,738		$5,740,000	
11/1/31			$107,023	$422,761	$5,740,000	
5/1/32	$210,000	3.63%	$107,023		$5,530,000	
11/1/32			$103,216	$420,239	$5,530,000	
5/1/33	$220,000	3.63%	$103,216		$5,310,000	
11/1/33			$99,229	$422,445	$5,310,000	
5/1/34	$230,000	3.63%	$99,229		$5,080,000	
11/1/34			$95,060	$424,289	$5,080,000	
5/1/35	$235,000	3.63%	$95,060		$4,845,000	
11/1/35			$90,801	$420,861	$4,845,000	
5/1/36	$245,000	3.63%	$90,801		$4,600,000	
11/1/36			$86,360	$422,161	$4,600,000	
5/1/37	$255,000	3.63%	$86,360		$4,345,000	
11/1/37			$81,738	$423,098	$4,345,000	
5/1/38	$265,000	3.63%	$81,738		$4,080,000	
11/1/38			$76,935	$423,673	$4,080,000	
5/1/39	$275,000	3.63%	$76,935		$3,805,000	
11/1/39			$71,951	$423,886	$3,805,000	
5/1/40	$285,000	3.63%	$71,951		$3,520,000	
11/1/40			$66,785	$423,736	$3,520,000	
5/1/41	$295,000	3.80%	$66,785		$3,225,000	
11/1/41			$61,180	$422,965	$3,225,000	
5/1/42	$305,000	3.80%	$61,180		$2,920,000	
11/1/42			$55,385	$421,565	$2,920,000	
5/1/43	$320,000	3.80%	$55,385		$2,600,000	
11/1/43			$49,305	$424,690	$2,600,000	
5/1/44	$330,000	3.80%	$49,305		$2,270,000	
11/1/44			$43,035	$422,340	$2,270,000	
5/1/45	$340,000	3.80%	$43,035		$1,925,000	

Period Ending	
Principal	Interest Rate	
Interest	Annual Debt Service	Bond Balance	

11/1/45			
$36,575	
$419,610	
$1,925,000	
5/1/46	$355,000	3.80%	$36,575		$1,570,000	
11/1/46			$29,830	$421,405	$1,570,000	
5/1/47	$370,000	3.80%	$29,830		$1,200,000	
11/1/47			$22,800	$422,630	$1,200,000	
5/1/48	$385,000	3.80%	$22,800		$815,000	
11/1/48			$15,485	$423,285	$815,000	
5/1/49	$400,000	3.80%	$15,485		$415,000	
11/1/49			$7,885	$423,370	$415,000	
5/1/50	$415,000	3.80%	$7,885			
11/1/50				$422,885		
	$7,200,000		$4,333,516	$11,825,401		

Cypress Bluff
Community Development District
Series 2021 Debt Service Fund

	Proposed
Budget	Actuals
as of	Projected
Next 5	Total
Projected	Proposed
Budget	
Description	FY2022	4/30/23	Months	9/30/23	FY 2024	

Revenues						
Special Assessments	$	115,250	$	115,044	$	206	$	115,250	$	115,250	
Interest Income	$	100	$	-	$	-	$	-	$	100	
Carry Forward Surplus	$	39,519	$	39,519	$	-	$	39,519	$	40,013	
Total Revenues	$	154,869	$	154,563	$	206	$	154,769	$	155,363	

Expenditures						
Series 2020A
Interest Expense 11/1	
$	34,878	
$	34,878	
$	-	
$	34,878	
$	34,361	
Principal Expense 5/1	$	45,000	$	-	$	45,000	$	45,000	$	45,000	
Interest Expense 5/1	$	34,878	$	-	$	34,878	$	34,878	$	34,361	
Total Expenditures	$	114,756	$	34,878	$	79,878	$	114,756	$	113,721	
						
Excess Revenues/(Expenditures)	$	40,113	$	119,685	$  (79,672)	$	40,013	$	41,642	

11/1/24 Interest Payment	
$	
33,843	

Assessments per unit for FY 2024
Development
Type	
Units	Gross
Per Unit	Gross
Assessments (1)	
Active Adult Lots	2	$405	$810	
Residential	148	$836	$123,728	
Gross Annual Assessment			$124,538	

Net Annual Assessment	$115,250

Less Disc. + Collections 7.5%	($9,288)

(1) include 3.5% collection costs of Duval County and maximum early payment discount of 4%.

Period		Interest		Annual	Bond	
Ending	Principal	Rate	Interest	Debt Service	Balance	

11/1/23			$34,361	$114,239	$1,960,000	
5/1/24	$45,000	2.300%	$34,361		$1,915,000	
11/1/24			$33,843	$113,204	$1,915,000	
5/1/25	$45,000	2.300%	$33,843		$1,870,000	
11/1/25			$33,326	$112,169	$1,870,000	
5/1/26	$45,000	2.300%	$33,326		$1,825,000	
11/1/26			$32,808	$111,134	$1,825,000	
5/1/27	$50,000	2.875%	$32,808		$1,775,000	
11/1/27			$32,089	$114,898	$1,775,000	
5/1/28	$50,000	2.875%	$32,089		$1,725,000	
11/1/28			$31,371	$113,460	$1,725,000	
5/1/29	$50,000	2.875%	$31,371		$1,675,000	
11/1/29			$30,652	$112,023	$1,675,000	
5/1/30	$50,000	2.875%	$30,652		$1,625,000	
11/1/30			$29,933	$110,585	$1,625,000	
5/1/31	$55,000	2.875%	$29,933		$1,570,000	
11/1/31			$29,143	$114,076	$1,570,000	
5/1/32	$55,000	3.300%	$29,143		$1,515,000	
11/1/32			$28,235	$112,378	$1,515,000	
5/1/33	$55,000	3.300%	$28,235		$1,460,000	
11/1/33			$27,328	$110,563	$1,460,000	
5/1/34	$60,000	3.300%	$27,328		$1,400,000	
11/1/34			$26,338	$113,665	$1,400,000	
5/1/35	$60,000	3.300%	$26,338		$1,340,000	
11/1/35			$25,348	$111,685	$1,340,000	
5/1/36	$65,000	3.300%	$25,348		$1,275,000	
11/1/36			$24,275	$114,623	$1,275,000	
5/1/37	$65,000	3.300%	$24,275		$1,210,000	
11/1/37			$23,203	$112,478	$1,210,000	
5/1/38	$70,000	3.300%	$23,203		$1,140,000	
11/1/38			$22,048	$115,250	$1,140,000	
5/1/39	$70,000	3.300%	$22,048		$1,070,000	
11/1/39			$20,893	$112,940	$1,070,000	
5/1/40	$70,000	3.300%	$20,893		$1,000,000	
11/1/40			$19,738	$110,630	$1,000,000	
5/1/41	$75,000	3.300%	$19,738		$925,000	
11/1/41			$18,500	$113,238	$925,000	
5/1/42	$75,000	4.000%	$18,500		$850,000	
11/1/42			$17,000	$110,500	$850,000	
5/1/43	$80,000	4.000%	$17,000		$770,000	
11/1/43			$15,400	$112,400	$770,000	
5/1/44	$85,000	4.000%	$15,400		$685,000	
11/1/44			$13,700	$114,100	$685,000	
5/1/45	$85,000	4.000%	$13,700		$600,000	
11/1/45			$12,000	$110,700	$600,000	
5/1/46	$90,000	4.000%	$12,000		$510,000	
11/1/46			$10,200	$112,200	$510,000	

Period Ending	
Principal	Interest Rate	
Interest	Annual Debt Service	Bond Balance	

5/1/47	
$95,000	
4.000%	
$10,200		
$415,000	
11/1/47			$8,300	$113,500	$415,000	
5/1/48	$100,000	4.000%	$8,300		$315,000	
11/1/48			$6,300	$114,600	$315,000	
5/1/49	$100,000	4.000%	$6,300		$215,000	
11/1/49			$4,300	$110,600	$215,000	
5/1/50	$105,000	4.000%	$4,300		$110,000	
11/1/50			$2,200	$111,500	$110,000	
5/1/51	$110,000	4.000%	$2,200		$0	
11/1/51				$112,200		
	$1,960,000		$1,225,655	$3,265,533		

SIXTH ORDER OF BUSINESS

D.

COMMUNITY MANAGER REPORT 5/23/23 SUBMITTED BY MARCY POLLICINO

RECHARGE UPDATE:

Accident 4-18-23
A resident reported a hit and run at the Nobel roundabout. It was reported an elderly gentleman lost control of his car and took out a tree along eTown Parkway. The resident was unable to get a license plate. Tree replacement cost: $891.25

TREE REPLACED

Recharge Pool Quarterly Maintenance
New pressure gauge installed. All equipment in working order. See report attached.

Pressure Wash
Recharge received a full pressure and soft wash cleaning for spring. This included the entire facility: Parking lot, pool deck, building, playground, and dog park. Cost: $6,946.41

Toilets
Our “energy efficient toilets” do not flush with enough “push” to get the waste/toilet paper through. This issue has increased with heavier amenity use over the past couple of months. After researching this issue and talking with plumbers, it has been discovered that our “energy efficient” flushers will only push 1.2 GPF (Gallons Per Flush) when the standard is
1.6 GPF. The resident can flush; however, the toilet handles that were installed do not have a normal handle. The toilet handle is a knob, and most do not realize it is there or understand how to use it. Therefore, toilets must be flushed on a regular basis. To replace all sensors on 15 toilets the cost is $3,104.07. Before this money is spent to help fix this issue, we will purchase only three sensors in order to put one in each bathroom (women, men, and gym) to test (the sensor). If the sensors do not help, we may need to consider a full handle replacement in the future which would cost $6,359. A full handle replacement would increase the 1.6 GPF which may be required for commercial use.

March Amenity Use:
Gym door was opened 1,999 times. Rear gym door was opened 70 times.
Main entry gate was opened 1,880 times. Main pool gate was opened 600 times.
Side pool gate was opened 114 times.

EVENTS UPDATE:

April Amenity Use:
Gym door was opened 1,993 times. Rear gym door was opened 41 times.
Main entry gate was opened 1,822 times. Main pool gate was opened 855 times.
Side pool gate was opened 156 times.

Family Movie Night
Families came out to enjoy Minions: The Rise of Gru on the activity lawn. Hot Box Pretzels was on site for snacks. 40+/- attended.

Yappy Easter
It was a doggone Easter celebration for our furry friends! David Weekley helped sponsor this event. Dogs took photos with the Easter Bunny and enjoyed treats. Chick-fil-A nuggets and wraps were provided for the pet parents. A costume contest took place with four dogs walking away as winners! 60+/- attended.

Reaction on social:

 	 	

Business Networking Event
Residents were invited to give their best elevator pitch while mingling with other resident business owners. Resident and business owner, Alexis Freeburn, sponsored this event. Majestic Crown Kitchen food truck was on site. 24+/- attended.

Reaction on social:

 	

Donut Run
This event sold out at 200. Participants choose a 1 mile fun run, 5K or 10K race. All racers received a finishers medal and donuts!

 	 	

Adult Trivia Night
DJ Ross hosted trivia night for competing teams. Participants paid $20 per team. Teams were 1-5 people enabling those to play as a single if they wished. Winners took home Visa gift cards: $30, $25, and $20. 35 participants.

Reaction on Social:

Pirate Egg Hunt
Arrgh! It’s a pirate egg hunt! A pirate helped lead kids through misty foam in search of eggs, families took photos with our pirate Easter Bunny; visited with a mermaid that washed ashore and enjoyed a pirate puppet show on the yoga lawn. Little ones also had a special rubber duck hunt following the puppet show. Plus, our pirate bar served pirate punch for adults (alcohol) and kids (non-alcoholic). Bearded Chef and Frios food trucks were on site. It was a swashbuckling good time! 200 +/- attended.

Reaction on social:

 	 	

Adult Comedy Night
First Coast Comedy (FCC) performed their improv act to a full house! 52 residents enjoyed the shenanigans from FCC for this special one night engagement. Residents were charged $20 to attend, with the CDD profiting $60.

Reaction on Social:

Summer Mixology Class
We kicked off summer by learning to make two refreshing drinks: Hurricane and Jungle Bird. Class was taught by Mr. Barrtender. Twisted Okie food truck was on site and open to all residents. 33 attended.

Reaction on Social:

Goat Yoga Class
Residents participated in a goat yoga class on the activity lawn. 10 goats were brought in for class. The goats mingled with participants and posed for photos. This class sold out with 25 participants. Residents were charged $40 to participate, with the CDD profiting $85.

Reaction on Social:

Pretzels & Pool
A hot pretzel truck was on site for Mother’s Day. Residents enjoyed a snack with Mom poolside!

MAY EVENTS: Golden Oldies Food Truck Friday, and Memorial Day

JUNE EVENTS: Adult Swim, Jacksonville Zoo Classes, DJ Poolside, Churray It’s Father’s Day, Summer Sounds

ACTION ITEMS
N/A

LANDSCAPE REPORT
Our new account manager has left. Sun State is looking for another replacement.
Sun State has ensured all plant replacement will take place before Memorial Day and it should be noted many plants are slowly reviving from the winter.
Mulch (40 yards) was replaced in the big and small dog park for a cost of $2,200. This was necessary in order to assist water drainage.

Sod was damaged during the install. Sun State will fix this.

RECHARGE PREVENTATIVE MAINTENANCE REPORT 03/13/23		
EQUIPMENT	PERFORMANCE	CONDITION	NOTES AND RECOMMENDATIONS		
					
Pak Pumps	
GOOD	
GOOD	Both running well, temp is within limits and amp draw well within limits. Installed new pressure gauge on pump discharge.		
					
VFD	GOOD	GOOD	Newly installed VFD, running well.		
					
Electrical	GOOD	GOOD	No issues observed during the visit. New surge protector just installed.		
					
Filtration	GOOD	GOOD	Filters are working properly, ﬂow is in target range		
					
Chemical Control	GOOD	GOOD	See notes below.		
					
Pak Housing	
GOOD	
GOOD	Floor dry and free of any chemical spills. Feeder pumps moved outside the cabinet on prior visit. Clean ﬂoor.		
					
Plumbing	
GOOD	
GOOD	Plumbing is working properly with no leaks. FWLC tested and working as designed.
Turns on and oﬀ with ﬂoat.		
					
Pak Area	GOOD	GOOD	Everything is good with the area of the pak.		
Extra Notes:
Installed new pressure gauge
Calibrated with Don to 7.2 during visit, changed PH setpoint to 7.4. Showed Don how to calibrate
Raised set point to 780, showed Don how to adjust ORP setpoint to get CL levels desired.
All equipment is in good working order and equipment cabinet is being well maintained.		

		

		

		

					

					

					

					

					

SEVENTH ORDER OF BUSINESS

A.

Cypress Bluff
Community Development District
Unaudited Financial Reporting April 30, 2023

Assets:

Community Development District
Combined Balance Sheet
April 30, 2023
Governmental Fund Types

Debt	Capital	Totals
	General	 	Service	 	Projects	 (Memorandum Only)

Cash	$745,752	---	---	$745,752	
Investments:
Series 2019
Reserve	

---		

$362,316		

---		

$362,316	
Principal	---		$215,000		---		$215,000	
Revenue	---		$265,318		---		$265,318	
Interest	---		$255,146		---		$255,146	
Prepayment	---		$12		---		$12	
Acquisition & Construction- Parcel E3A	---		---		$4		$4	
Acquisition & Construction- Parcel E7A	---		---		$1		$1	
Acquisition & Construction- Sold Parcels	---		---		$1,046		$1,046	
Acquisition & Construction	---		---		$4,104		$4,104	
Due from General Fund
Series 2020
Reserve	---

---		$6,414

$247,300		---

---		$6,414

$247,300	
Revenue	---		$303,892		---		$303,892	
Interest	---		$177,076		---		$177,076	
Acquisition & Construction- Parcel E7C	---		---		$339		$339	
Acquisition & Construction- Sold Parcels	---		---		$199		$199	
Due from General Fund
Series 2020A
Reserve	---

---		$2,595

$212,829		---

---		$2,595

$212,829	
Revenue	---		$138,671		---		$138,671	
Principal	---		$160,000		---		$160,000	
Interest	---		$131,599		---		$131,599	
Prepayment	---		$29		---		$29	
Acquisition & Construction	---		---		$141		$141	
Due from General Fund
Series 2021
Reserve	---

---		$3,741

$57,625		---

---		$3,741

$57,625	
Revenue	---		$37,377		---		$37,377	
Prinsipal	---		$45,000		---		$45,000	
Interest	---		$34,878		---		$34,878	
Acquisition & Construction	---		---		$5,363		$5,363	
Due from General Fund	---		$109		---		$109	
Due from Other	$747		---		---		$747	
Assessment Receivable	$13,750		$21,501		---		$35,251	
Investment-SBA	$61,455		---		---		$61,455	
Prepaid Expenses	$5,140		---		---		$5,140	
Total Assets		$826,845 			$2,678,429 			$11,196 			$3,516,470 	
Liabilities:
Accounts Payable	
$8,568		
---		
---		
$8,568	
Due to Debt Service SE 2019	$6,414		---		---		$6,414	
Due to Debt Service SE 2020	$2,595		---		---		$2,595	
Due to Debt Service SE 2020A	$3,741		---		---		$3,741	
Due to Debt Service SE 2021	$109		---		---		$109	
Due to Other	$7,897		---		---		$7,897	
Fund Balances:
Nonspendable	
$5,140		
---		
---		
$5,140	
Restricted for Debt Service	---		$2,678,429		---		$2,678,429	
Assigned	$30,715						$30,715	
Unassigned	$761,665		---		$11,196		$772,861	
Total Liabilities and Fund Equity		$826,845 			$2,678,429 			$11,196 			$3,516,470 	

Community Development District Statement of Revenues & Expenditures For The Period Ending April 30, 2023

ADOPTED
Description	BUDGET	PRORATED BUDGET
THRU 4/30/23	
ACTUAL THRU 4/30/23	

VARIANCE	
Revenues:					
Assessments-Tax Roll	$711,674	$711,674	$699,811	($11,863)	
Assessments-Direct	$196,500	$196,500	$196,500	$0	
Interest-SBA	$1,000	$1,000	$8,571	$7,571	
Other Revenues	$20,000	$11,667	$11,863	$197	
Total Revenues	$929,174	$920,840	$916,746	($4,095)	
Expenditures					
Administrative					
Supervisor Fees	$12,000	$7,000	$4,000	$3,000	
FICA Expense	$918	$536	$260	$275	
Engineering	$5,000	$2,917	$2,161	$756	
Arbitrage	$2,400	$1,400	$1,200	$200	
Dissemination Agent	$6,000	$3,500	$3,900	($400)	
Attorney	$15,000	$8,750	$5,480	$3,270	
Annual Audit	$8,000	$8,000	$5,000	$3,000	
Assessment Roll	$10,000	$10,000	$10,000	$0	
Trustee Fees	$19,000	$19,685	$19,685	$0	
Management Fees	$49,140	$28,665	$28,665	$0	
Information Technology	$2,500	$1,458	$1,458	$0	
Website Maintenance	$1,250	$729	$729	($0)	
Telephone	$500	$292	$37	$254	
Postage	$1,500	$875	$768	$107	
Printing & Binding	$2,500	$1,458	$772	$687	
Insurance	$6,684	$6,684	$5,988	$696	
Legal Advertising	$2,500	$1,458	$739	$719	
Other Current Charges	$1,000	$583	$0	$583	
Office Supplies	$600	$350	$98	$252	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
Total Administrative	$146,667	$104,515	$91,116	$13,399	
Grounds Maintenance					
Pond Maintenance (Water Quality)	$2,000	$1,167	$670	$497	
Landscape Maintenance	$332,604	$194,019	$195,403	($1,384)	
Landscape Contingency	$7,000	$7,000	$10,998	($3,998)	
Pump Maintenance	$3,550	$2,071	$0	$2,071	
Water & Sewer	$45,000	$26,250	$17,600	$8,650	
Irrigation Repairs	$3,000	$3,000	$4,956	($1,956)	
Landscape Reserves	$7,500	$4,375	$0	$4,375	
Pest Control	$2,400	$1,400	$1,152	$248	
Environmental Permit/Monitoring	$0	$0	$9,000	($9,000)	
Other Repairs and Maintenance	$3,000	$1,750	$0	$1,750	
Total Grounds Maintenance	$406,054	$241,032	$239,780	$1,252	

Community Development District Statement of Revenues & Expenditures For The Period Ending April 30, 2023

ADOPTED
Description	BUDGET	PRORATED BUDGET
THRU 4/30/23	
ACTUAL THRU 4/30/23	

VARIANCE	
Amenity 					
Insurance	$38,654	$38,654	$35,529	$3,125	
Amenity Manager	$109,505	$63,878	$63,878	$0	
Pool Maintenance	$9,875	$5,760	$5,761	($0)	
Pool Chemicals	$13,875	$8,094	$8,094	$0	
Facility Attendant	$72,352	$42,205	$42,206	($0)	
Janitorial Services	$10,828	$6,316	$6,316	$0	
Refuse	$1,547	$902	$1,009	($106)	
Security and Gate Maintenance	$4,000	$4,000	$4,436	($436)	
Facility Maintenance	$20,765	$12,113	$12,113	($0)	
Elevator Maintenance	$3,000	$3,000	$3,662	($662)	
Electric	$20,400	$11,900	$15,460	($3,560)	
Cable and Internet	$10,500	$6,125	$6,416	($291)	
Licenses and Permits	$1,000	$583	$0	$583	
Repairs & Maintenance	$20,000	$11,667	$17,738	($6,071)	
Special Events	$15,000	$15,000	$16,986	($1,986)	
Holiday Decorations	$1,500	$875	$704	$171	
Fitness Center R&M	$10,000	$5,833	$5,406	$427	
Fitness Equipment Rentals	$25,368	$14,798	$14,798	$0	
Reserve for Amenities	$15,000	$15,000	$15,020	($20)	
Other Current Charges	$3,000	$3,000	$4,500	($1,500)	
Total Amenity	$406,169	$269,704	$280,032	($10,327)	
					
Total Expenditures	$958,890	$615,251	$610,927	$4,324	
					
Excess Revenues/Expenses	($29,716)		$305,819		

Net Change in Fund Balance	
($29,716)		
$305,819		
Fund Balance - Beginning	$30,715		$491,701		
					
Fund Balance - Ending	$999		$797,520		

	
October	
November	
December	
January	
February	
March	
April	
May	
June	
July	
August	
September	
Total	

Revenues:
Assessments-Tax Collector	

$0	

$71,427	

$607,706	

$10,592	

$3,785	

$2,780	

$3,521	

$0	

$0	

$0	

$0	

$0	

$699,811	
Assessments-Direct	$0	$169,000	$0	$0	$13,750	$0	$0	$0	$0	$0	$0	$0	$182,750	
Interest-SBA	$909	$864	$931	$1,300	$2,768	$1,544	$255	$0	$0	$0	$0	$0	$8,571	
Other Revenues	$1,352	$1,390	$1,417	$1,565	$1,383	$918	$3,838	$0	$0	$0	$0	$0	$11,863	
Total Revenues	$2,261	$242,681	$610,053	$13,458	$21,686	$5,242	$7,614	$0	$0	$0	$0	$0	$902,996	

Expenditures:														
Administrative
Supervisor Fees	
$1,000	
$600	
$600	
$0	
$0	
$1,800	
$0	
$0	
$0	
$0	
$0	
$0	
$4,000	
FICA Expense	$61	$46	$46	$0	$0	$107	$0	$0	$0	$0	$0	$0	$260	
Engineering	$438	$0	$0	$0	$475	$1,248	$0	$0	$0	$0	$0	$0	$2,161	
Arbitrage	$0	$0	$600	$0	$600	$0	$0	$0	$0	$0	$0	$0	$1,200	
Dissemination Agent	$700	$500	$500	$500	$500	$700	$500	$0	$0	$0	$0	$0	$3,900	
Attorney	$250	$903	$469	$454	$1,612	$1,793	$0	$0	$0	$0	$0	$0	$5,480	
Annual Audit	$0	$0	$0	$0	$4,000	$1,000	$0	$0	$0	$0	$0	$0	$5,000	
Assessment Roll	$10,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$10,000	
Trustee Fees	$12,660	$0	$0	$0	$4,025	$0	$3,000	$0	$0	$0	$0	$0	$19,685	
Management Fees	$4,095	$4,095	$4,095	$4,095	$4,095	$4,095	$4,095	$0	$0	$0	$0	$0	$28,665	
Information Technology	$208	$208	$208	$208	$208	$208	$208	$0	$0	$0	$0	$0	$1,458	
Website Maintenance	$104	$104	$104	$104	$104	$104	$104	$0	$0	$0	$0	$0	$729	
Telephone	$0	$19	$0	$8	$4	$0	$5	$0	$0	$0	$0	$0	$37	
Postage	$33	$29	$208	$183	$8	$13	$295	$0	$0	$0	$0	$0	$768	
Printing & Binding	$95	$47	$161	$134	$73	$130	$131	$0	$0	$0	$0	$0	$772	
Insurance	$5,988	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,988	
Legal Advertising	$340	$100	$100	$0	$100	$100	$0	$0	$0	$0	$0	$0	$739	
Other Current Charges	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Office Supplies	$18	$7	$18	$18	$0	$18	$18	$0	$0	$0	$0	$0	$98	
Dues, Licenses & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
Total Administrative	$36,165	$6,659	$7,109	$5,705	$15,805	$11,316	$8,356	$0	$0	$0	$0	$0	$91,116	

Grounds Maintenance														
Pond Maintenance (Water Quality)	$90	$90	$90	$100	$100	$100	$100	$0	$0	$0	$0	$0	$670	
Landscape Maintenance	$27,717	$27,717	$29,101	$27,717	$27,717	$27,717	$27,717	$0	$0	$0	$0	$0	$195,403	
Landscape Contingency	$1,650	$2,245	$0	$0	$4,012	$0	$3,091	$0	$0	$0	$0	$0	$10,998	
Pump Maintenance	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Water & Sewer	$2,359	$2,184	$2,313	$2,581	$2,792	$2,645	$2,726	$0	$0	$0	$0	$0	$17,600	
Irrigation Repairs	$698	$247	$0	$400	$205	$1,942	$1,466	$0	$0	$0	$0	$0	$4,956	
Landscape Reserves	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Pest Control	$240	$0	$120	$264	$132	$132	$264	$0	$0	$0	$0	$0	$1,152	

	
October	
November	
December	
January	
February	
March	
April	
May	
June	
July	
August	
September	
Total	

Environmental Permit/Monitoring	
$0	
$0	
$0	
$0	
$0	
$9,000							
$9,000	
Other Repairs and Maintenance	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Total Grounds Maintenance	$32,754	$32,482	$31,624	$31,062	$34,958	$41,535	$35,364	$0	$0	$0	$0	$0	$239,780	

Amenity														
Insurance	$35,529	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$35,529	
Amenity Manager	$9,125	$9,125	$9,125	$9,125	$9,125	$9,125	$9,125	$0	$0	$0	$0	$0	$63,878	
Pool Maintenance	$823	$823	$823	$823	$823	$823	$823	$0	$0	$0	$0	$0	$5,761	
Pool Chemicals	$1,156	$1,156	$1,156	$1,156	$1,156	$1,156	$1,156	$0	$0	$0	$0	$0	$8,094	
Facility Attendant	$6,029	$6,029	$6,029	$6,029	$6,029	$6,029	$6,029	$0	$0	$0	$0	$0	$42,206	
Janitorial Services	$902	$902	$902	$902	$902	$902	$902	$0	$0	$0	$0	$0	$6,316	
Refuse	$133	$146	$149	$149	$145	$145	$143	$0	$0	$0	$0	$0	$1,009	
Security and Gate Maintenance	$4,076	$0	$0	$180	$0	$180	$0	$0	$0	$0	$0	$0	$4,436	
Facility Maintenance	$1,730	$1,730	$1,730	$1,730	$1,730	$1,730	$1,730	$0	$0	$0	$0	$0	$12,113	
Elevator Maintenance	$0	$0	$0	$350	$0	$3,312	$0	$0	$0	$0	$0	$0	$3,662	
Electric	$3,055	$2,410	$1,797	$1,921	$2,006	$1,892	$2,379	$0	$0	$0	$0	$0	$15,460	
Cable and Internet	$875	$855	$894	$894	$941	$974	$982	$0	$0	$0	$0	$0	$6,416	
Licenses and Permits	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Repairs & Maintenance	$3,650	$2,467	$4,488	$2,686	$1,091	$2,761	$595	$0	$0	$0	$0	$0	$17,738	
Special Events	$4,932	$1,059	$1,799	$2,160	$4,459	$1,029	$1,549	$0	$0	$0	$0	$0	$16,986	
Holiday Decorations	$0	$704	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$704	
Fitness Center R&M	$1,314	$599	$217	$673	$470	$1,065	$1,068	$0	$0	$0	$0	$0	$5,406	
Fitness Equipment Rentals	$2,114	$2,114	$2,114	$2,114	$2,114	$2,114	$2,114	$0	$0	$0	$0	$0	$14,798	
Reserve for Amenities	$0	$6,140	$8,880	$0	$0	$0	$0	$0	$0	$0	$0	$0	$15,020	
Other Current Charges	$750	$750	$750	$750	$750	$750	$0	$0	$0	$0	$0	$0	$4,500	
Total Amenity	$76,194	$37,010	$40,855	$31,645	$31,742	$33,989	$28,596	$0	$0	$0	$0	$0	$280,032	
														
Total Expenditures	$145,113	$76,151	$79,588	$68,412	$82,505	$86,841	$72,317	$0	$0	$0	$0	$0	$610,927	
														
Excess Revenues (Expenditures)	($142,852)	$166,529	$530,465	($54,954)	($60,819)	($81,598)	($64,702)	$0	$0	$0	$0	$0	$292,069	

Description

ADOPTED BUDGET

PRORATED BUDGET
THRU 4/30/23

ACTUAL THRU 4/30/23

VARIANCE

Revenues

Assessments-Tax Roll	$724,356	$724,356	$712,282	($12,074)	
Assessments-Direct	$775	$775	$775	$0	
Interest Income	$700	$700	$14,642	$13,942	
Total Revenues	$725,831	$725,831	$727,699	$1,868	

Expenditures					
Series 2019
Interest Expense - 11/1	
$256,102	
$256,102	
$255,371	
$731	
Principal Expense Prepay 11/1	$0	$0	$10,000	($10,000)	
Principal Expense - 5/1	$215,000	$0	$0	$0	
Interest Expense - 5/1	$256,102	$0	$0	$0	
Total Expenditures	$727,204	$256,102	$265,371	($9,269)	
					
Excess Revenues (Expenditures)	($1,373)		$462,328		
					
Fund Balance - Beginning	$270,060		$642,072		
					
Fund Balance - Ending	$268,687		$1,104,400		
			
Reserve	
$362,316	
			Revenue	$265,318	
			Prepayment	$12	
			Due from General Fund	$6,414	
			Due to General Fund	$0	
Assessment Receivable 	$194 
	$1,104,400 

Description

PRORATED
ADOPTED	BUDGET	ACTUAL
BUDGET	THRU 4/30/23	THRU 4/30/23	VARIANCE

Revenues

Assessments-Tax Collector	$293,109	$293,109	$288,223	($4,886) Assessments-Direct	$201,491	$201,491	$201,491			$0 Interest Income		$500		$500		$10,319		$9,819

Expenditures

Series 2020
Interest Expense - 11/1 Principal Expense - 11/1 Interest expense - 5/1

$179,709
$135,000
$177,076

$179,709
$135,000
$0

$179,709
$135,000
$0

$0
$0
$0

Fund Balance - Ending	$318,796	$749,850

Fund Balance - Beginning	$315,480	$564,526

Excess Revenues (Expenditures)	$3,315	$185,324

Total Expenditures	$491,785	$314,709	$314,709	$0

Total Revenues	$495,100	$495,100	$500,033	$4,933

Reserve	$247,300
Revenue	$303,892
Interest	$177,076
Due from General Fund	$2,595
Assessment Receivable 	$18,987 
	$749,850 

Revenues		
Assessments-Tax Roll	$422,538	$422,538	$415,495	($7,043)	
Interest Income	$500	$500	$8,572	$8,072	
Total Revenues	$423,038	$423,038	$424,066	$1,028	

Expenditures					
Series 2020A
Interest Expense -11/1	
$131,884	
$131,884	
$131,884	
$0	
Principal Expense Prepay 11/1	$0	$0	$15,000	($15,000)	
Principal Expense -5/1	$160,000	$0	$0	$0	
Interest Expence -5/1	$131,884	$0	$0	$0	
Total Expenditures	$423,769	$131,884	$146,884	($15,000)	
					
Excess Revenues (Expenditures)	($731)		$277,182		
					
Fund Balance - Beginning	$144,693		$369,687		
					
Fund Balance - Ending	$143,962		$646,869		
		
Reserve	
$212,829	
		Revenue	$138,671	
		Interest	$131,599	
		Principal	$160,000	
		Prepayment	$29	
		Due from General Fund	$3,741	
Assessment Receivable 	$0 
	$646,869 

Revenues					
Assessments-Tax Collector	$12,354	$12,354	$12,148	($206)	
Assessments-Direct	$102,896	$102,896	$102,896	$0	
Interest Income	$100	$0	$0	$0	
Total Revenues	$115,350	$115,250	$115,044	($206)	

Expenditures					
Series 2021					
Interest Expense -11/1	$34,878	$34,878	$34,878	$0	
Principal Expense -5/1	$45,000	$0	$0	$0	
Interest Expence -5/1	$34,878	$0	$0	$0	
Total Expenditures	$114,756	$34,878	$34,878	$0	
					
Excess Revenues (Expenditures)	$594		$80,166		
					
Fund Balance - Beginning	$39,519		$97,144		
					
Fund Balance - Ending	$40,113		$177,310		
		
Reserve	
$57,625	
		Revenue	$37,377	
		Prinsipal	$45,000	
		Interest	$34,878	
		Due from General Fund	$109	
Assessment Receivable 	$2,321 
	$177,310 

Cypress Bluff
Community Development District
Capital Projects Fund Statement of Revenues & Expenditures For The Period Ending April 30, 2023

	Series
2019	Series
2020		Series
2020A	Series
2021		

Revenues:
Interest	

$194		

$10	

$182		

$0	
Total Revenues	$194		$10	$182		$0	

Expenditures
Capital Outlay	

$4,872		

$0	

$9,765		

$0	
Total Expenditures	$4,872		$0	$9,765		$0	
Other Sources/(Uses)
Transfer In/(Out)	

$0		

$0	

$0		

$0	
Total Other	$0		$0	$0		$0	

Excess Revenues (Expenditures)	($4,678)	$10	($9,583)	$0	
					
Fund Balance - Beginning	$9,833	$527	$9,725	$5,363	
					
Fund Balance - Ending	$5,154	$538	$141	$5,363	

Series 2019 Special Assessment Bonds		
Interest Rate:	3.75-5.1%	
Maturity Date:	5/1/2048	
Reserve Fund Definition:	50% Max Annual Debt	
Reserve Fund Requirement:	$362,315.75	
Reserve Fund Balance:	$362,315.75	

Bonds outstanding - 9/30/2018	
$11,565,000	
Mandatory Principal- 5/1/2019	($330,000)	
Mandatory Principal- 5/1/2020	($195,000)	
Special Call-11/1/2020	($15,000)	
Special Call-2/1/2021	($20,000)	
Mandatory Principal- 5/1/2021	($200,000)	
Special Call-5/1/2021	($15,000)	
Special Call-8/1/2021	($10,000)	
Special Call-11/1/2021	($15,000)	
Special Call-2/1/2022	($5,000)	
Mandatory Principal- 5/1/2022	($210,000)	
Special Call-5/1/2022	($35,000)	
Special Call-11/1/2022	($10,000)	
Current Bonds Outstanding	$10,505,000	

Series 2020 Special Assessment Bonds		
Interest Rate:	3.9-5.2%	
Maturity Date:	11/1/2049	
Reserve Fund Definition:	50% Max Annual Debt	
Reserve Fund Requirement:	$247,300.43	
Reserve Fund Balance:	$247,300.43	

Bonds outstanding - 4/15/2020	
$7,705,000	
Mandatory Principal- 11/1/2020	($290,000)	
Mandatory Principal- 11/1/2021	($130,000)	
Mandatory Principal- 11/1/2022	($135,000)	
Current Bonds Outstanding	$7,150,000	

Series 2020A Special Assessment Bonds (Del Webb)		
Interest Rate:	2.7-3.8%	
Maturity Date:	5/1/2050	
Reserve Fund Definition:	50% Max Annual Debt	
Reserve Fund Requirement:	$212,828.54	
Reserve Fund Balance:	$212,828.54	

Bonds outstanding - 9/11/2020	
$7,675,000	
Mandatory Principal- 5/1/2021	($150,000)	
Special Call-2/1/2022	($10,000)	
Mandatory Principal- 5/1/2022	($155,000)	
Special Call-11/1/2022	($15,000)	
Current Bonds Outstanding	$7,345,000	

Series 2021 Special Assessment Bonds		
Interest Rate:	3.719951%	
Maturity Date:	5/1/2051	
Reserve Fund Definition:	50% Max Annual Debt	
Reserve Fund Requirement:	$57,625.00	
Reserve Fund Balance:	$57,625.00	

Bonds outstanding - 11/1/2021	
$2,045,000	
Mandatory Principal- 5/1/2022	($40,000)	
Current Bonds Outstanding	$2,005,000	

CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT	
Fiscal Year 2023 Assessment Receipts	

	ASSESSED	

ASSESSED TO	# UNITS
ASSESSED	SERIES 2019
DEBT NET	SERIES 2020
DEBT NET	SERIES 2020A
DEBT NET	SERIES 2021
DEBT NET	
O&M NET	TOTAL NET
ASMTS	
TOLL SOUTHEAST LP COMPANY INC.	110	774.78	75,946.65		9,283.86	55,000.00	141,005.29	
DRP CND ICI LLC / WEEKLEY	283	-	125,544.45		93,612.30	141,500.00	360,656.75	
NET ASSESSMENTS BULK LANDS (1)	393	774.78	201,491.10	-	102,896.16	196,500.00	501,662.04	

TAX ROLL	
1,605	
724,356.13	
293,109.04	
422,537.92	
12,353.76	
711,673.81	
2,164,030.66	
TOTAL DISTRICT	1,998	725,130.91	494,600.14	422,537.92	115,249.92	908,173.81	2,665,692.70	

(1) Direct Invoices are due 50% 12/1/22, 25% 2/1/23, 25% 5/1/23

	RECEIPTS	

ASSESSED TO	BALANCE DUE
(DISCOUNTS NOT TAKEN)	SERIES 2019 DEBT PAID	SERIES 2020 DEBT PAID	SERIES 2020A DEBT PAID	SERIES 2021 PAID	

O&M PAID	TOTAL ASMTS PAID	
TOLL SOUTHEAST LP COMPANY INC.	-	774.78	75,946.65		9,283.86	55,000.00	141,005.29	
DRP CND ICI LLC / WEEKLEY	-	-	125,544.45	-	93,612.30	141,500.00	360,656.75	
BULK LANDS	-	774.78	201,491.10	-	102,896.16	196,500.00	501,662.04	

TAX ROLL	
36,072.64	
712,281.68	
288,223.14	
415,494.56	
12,147.85	
699,810.79	
2,127,958.02	
TOTAL DISTRICT	36,072.64	713,056.46	489,714.24	415,494.56	115,044.01	896,310.79	2,629,620.06	

	SUMMARY OF TAX ROLL COLLECTIONS	

DUVAL COUNTY DISTRIBUTION	

DATE	SERIES 2019 DEBT PAID	SERIES 2020 DEBT PAID	SERIES 2020A DEBT PAID	SERIES 2021 PAID	

O&M PAID	TOTAL ASMTS PAID	
1	11/4/2022	2,388.52	966.51	1,393.30	40.74	2,346.70	7,135.77	
2	11/16/2022	26,147.10	10,580.36	15,252.36	445.93	25,689.30	78,115.06	
3	11/25/2022	44,163.81	17,870.78	25,762.03	753.21	43,390.57	131,940.40	
4	12/5/2022	332,475.30	134,535.36	193,942.47	5,670.31	326,654.19	993,277.63	
5	12/6/2022	32,001.54	12,949.35	18,667.43	545.78	31,441.25	95,605.35	
6	12/19/2022	254,058.30	102,804.11	148,199.57	4,332.92	249,610.14	759,005.04	
7	1/9/2023	8,524.59	3,449.46	4,972.64	145.39	8,375.34	25,467.42	
8	1/24/2023	2,256.54	913.11	1,316.31	38.48	2,217.04	6,741.48	
9	2/17/2023	3,150.82	1,274.97	1,837.97	53.74	3,095.66	9,413.16	
10	2/27/2023	701.38	283.81	409.14	11.96	689.10	2,095.40	
11	3/7/2023	1,853.28	749.93	1,081.07	31.61	1,820.84	5,536.73	
12	3/17/2023	976.33	395.07	569.52	16.65	959.24	2,916.81	
13	4/11/2023	3,448.74	1,395.52	2,011.75	58.82	3,388.36	10,303.19	
14	4/19/2023	135.43	54.80	79.00	2.31	133.06	404.60	
		-	-	-	-	-		
		-	-	-	-	-		
		-	-	-	-	-		
		-	-	-	-	-		
		-	-	-	-	-		
		-	-	-	-	-		
		-	-	-	-	-		
TOTAL TAX ROLL RECEIPTS	712,281.68	288,223.14	415,494.56	12,147.85	699,810.79	2,127,958.04	

% COLLECTED DIRECT INVOICE	100.0%	100.0%	0.0%	0.0%	100.0%	100.0%	
% COLLECTED TAX ROLL	98.3%	98.3%	98.3%	0.0%	98.3%	98.3%	

B.

Cypress Bluff
Community Development District

Check Run Summary
April 30, 2023

Fund	Date	Check No.	Amount

Payroll	$	-	
	Subtotal	 $	-		

General Fund	

4/4/23	

862-865	

$	9,625.35	
	4/7/23	866-871	$	52,335.30	
	4/19/23	872-880	$	15,770.35	
Subtotal	 $	77,731.00 	
Total	$	77,731.00	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/23	PAGE	1
*** CHECK DATES 04/01/2023 - 04/30/2023 ***	CYPRESS BLUFF-GENERAL FUND
BANK A CYPRESS BLUFF CDD

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
4/04/23 00125	8/09/22	TH15801	202210 320-57200-45600	*	1,000.00			
	5/8-8/5/22 3RD QTR MAINT			
11/03/22	TH59480	202211 320-57200-45600	*	6,500.00	
	8/6-11/5/22 MONI MAIN INS			
2/27/23	TJ02161	202302 320-57200-45600	*	1,500.00	
	WELL INSTALL/MONITOR			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

ENVIRONMENTAL SERVICES INC	9,000.00 000862
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/04/23 00065	3/27/23 101461	202303 330-57200-46500	*	160.00
FITNESS EQUIPMENT REPAIR
SOUTHEAST FITNESS REPAIR	160.00 000863
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/04/23 00104	3/24/23 23-00172 202303 320-57200-46000	*	350.00
PM INSPECTION 3/17/23
VAK PAK,INC	350.00 000864
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/04/23 00066	3/28/23 13917	202303 330-57200-46500	*	115.35
DISINFECTANT WIPES CASE
WIPES LLC	115.35 000865
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/07/23 00081	4/05/23 131621	202304 320-57200-47200	*	100.00
APR LAKE MAINT POND 1
CLEAR WATERS, INC	100.00 000866
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/07/23 00042	3/24/23 41957	202303 320-57200-46700	*	180.00
3RD QTR FIRE ALARM MONIT
DYNAMIC SECURITY PROFESSIONALS,INC.	180.00 000867
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/07/23 00095	3/31/23 3197357	202302 310-51300-31500	*	1,612.00
FEB GENERAL COUNSEL
KUTAK ROCK LLP	1,612.00 000868
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/07/23 00099	3/17/23 03172023 202303 320-57200-49400	*	600.00
ST PATRICKS DAY PERFORM
ROBIN ARONSON	600.00 000869
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/07/23 00012	3/30/23 9860	202303 320-57200-46400	*	59.29
BROKEN HEADS MEDIAN
3/30/23 9863	202303 320-57200-46400	*	278.18
FIXED BROKEN PIPE
3/30/23 9864	202303 320-57200-46400	*	556.59
IRRIGATION REPAIRS
4/01/23 9923	202304 320-57200-46100	*	4,160.00
APR INTERCHANGE EAST
4/01/23 9927	202304 320-57200-46100	*	6,027.00
APR PHASE 1
CYBL CYPRESS BLUFF	OKUZMUK

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/23	PAGE	2
*** CHECK DATES 04/01/2023 - 04/30/2023 ***	CYPRESS BLUFF-GENERAL FUND
BANK A CYPRESS BLUFF CDD

DATE	DATE	
	4/01/23	
	4/01/23	
	4/03/23	
	4/03/23	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
9928	202304 320-57200-46100	*	14,210.00
APR PHASE 2
9929	202304 320-57200-46100	*	3,320.00
APR RECHARGE CENTER
9950	202304 320-57200-46400	*	577.48
IRRIG DECODERS ZONE #1
9951	202304 320-57200-46400	*	888.02
IRRIG DECODES ZONE #96
SUN STATE NURSERY	30,076.56 000870
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/07/23 00037	4/01/23 408609	202304 320-57200-45000	*	9,125.40
APR AMENITY MANAGER
4/01/23 408609	202304 320-57200-45100	*	6,029.36
APR FACILITY ATTENDANT
4/01/23 408609	202304 320-57200-46800	*	822.95
APR POOL MAINTENANCE
4/01/23 408609	202304 320-57200-46200	*	902.33
APR JANITORIAL
4/01/23 408609	202304 320-57200-46600	*	1,730.45
APR MAINTENANCE
4/01/23 408609	202304 320-57200-46810	*	1,156.25
APR POOL CHEMICALS
VESTA PROPERTY SERVICES, INC.	19,766.74 000871
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00120	4/12/23 2023-508 202304 320-57200-46000	*	309.00
REPL 2 SENSORS/14 TOILETS
ALDRIDGE & SONS PLUMBING	309.00 000872
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00006	4/11/23 0207929	202303 310-51300-31100	*	1,247.50
MAR ENGINEERING SRVS
ENGLAND, THIMS & MILLER, INC.	1,247.50 000873
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00126	3/30/23 21APR23	202304 320-57200-49400	*	900.00
2 PERSON COMEDY SHOW
FIRST COAST COMEDY LLC	900.00 000874

	*	4,095.00	
	*	104.17	
	*	208.33	
	*	500.00	

BLUFF	OKUZMUK	*	18.49	

4/19/23 00005	4/01/23	
	4/01/23	
	4/01/23	
	4/01/23	
	4/01/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
72	202304 310-51300-34000
APR MANAGEMENT FEES
72	202304 310-51300-52100
APR WEBSITE ADMIN
72	202304 310-51300-35200
APR INFO TECH
72	202304 310-51300-31300
APR DISSEM AGENT SRVCS
72	202304 310-51300-51000
OFFICE SUPPLIES
CYBL CYPRESS

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/15/23	PAGE	3
*** CHECK DATES 04/01/2023 - 04/30/2023 ***	CYPRESS BLUFF-GENERAL FUND
BANK A CYPRESS BLUFF CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

202304	310-51300-42000	*	294.54	
202304	310-51300-42500	*	130.50	

4/01/23 72
POSTAGE 4/01/23 72
COPIES
4/01/23 72	202304 310-51300-41000	*	5.44
TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	5,356.47 000875
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00098	4/07/23 4720	202304 320-57200-46000	*	125.00
STAIRWELL LIGHT FIX COVER
KAD ELECTRIC COMPANY	125.00 000876
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00065	4/17/23 102589	202304 330-57200-46500	*	593.00
FITNESS EQUIPMENT REPAIR
SOUTHEAST FITNESS REPAIR	593.00 000877
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00011	4/03/23 252-2542 202304 310-51300-31200	*	3,000.00
SE2020 FY23 TRUSTEE FEE
4/03/23 252-2542 202304 300-15500-10000	*	3,000.00
SE2020 FY24 TRUSTEE FEE
THE BANK OF NEW YORK MELLON	6,000.00 000878
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00037	3/31/23 409221	202303 330-57200-46500	*	346.86
MAR POOL CHEMICALS
3/31/23 409221	202303 330-57200-46500	*	63.10
MAR POOL MAINTENANCE
VESTA PROPERTY SERVICES, INC.	409.96 000879
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00062	4/12/23 23768857 202304 320-57200-46500	*	229.42
JANITORIAL SUPPLIES
W.B. MASON CO., INC.	229.42 000880
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	77,131.00
TOTAL FOR REGISTER	77,131.00

CYBL CYPRESS BLUFF	OKUZMUK

A lrE!tr.:11:::0n COMPANY
Jacksonville, FL 904-900-6494

Project Mgr:  Ryan Taylor

Project Number: Invoice Date: For Period:

HK177022 8/09/2022
5/08/2022 to 8/05/2022

Invoice Number: TH15801

Environmental Services, Inc. PO Box 959673
St Louis, MO 63195-9673

Federal E.I.N.: 59-2668974

Project:	EJ17246.01 Davis 9B Mitigation .
9B
Jacksonville, FL

To:	Cypress Bluff COD C/0:The Pare Group Attn: Mikey White 4314 Pablo Oaks Ct.
Jacksonville, FL 32224

L...	.::D.::••:::c.::ri:,:pt=-io:::n.		J!. !	To_ta_l_	,
TASK: TASK 08 Creation Area Mairitenance Inspection

3rd Quarter Maintenance Event

Task Total

$1,000.00
$1,000.00

n	u

DEr'·'	- :n
1lAI\ l  I	cLJu
BY·'-------

Invoice Total	$1,000.00
vJ

Created on 8/8/2022

TERMS: DUE UPON PRESENTATION OF IIIIVOICE
Page 1 of 1	Client #522023

A lr,rracon COMPANY

Jacksonville, FL 904-900-6494

Project Mgr:  Ryan Taylor

Invoice Number: TH59480

Environmental Services, Inc. PO Box 959673
St Louis, MO 63195-9673

Federal E.I.N.: 59-2668974

REMIT TO:

Project, • EJ"17246,01 Davis 9B Mitigation 9B
Jacksonville, FL

To:	Cypress Bluff CDD C/0:The Pare Group Attn: Mikey White 4314 Pablo Oaks Ct.
Jacksonville, FL 32224

Project Number: Invoice Date: ForPeriod:

HK177022 11/03/2022
..a/06/2022 to 11/05/2022

L	□-es_c_ri.,_p_ti_o_n 	,!! 

	$1,500.00	
Task Total	$1,500.00	
	
$2,500.00	
Task Total	$2,500.00	
	
$500.00	
Task Total	$500.00	
	
$2,000.00	
Task Total	$2,000.00	
Invoice Total	$6,500.00	

TASK: TASK 06 Creation Area Monitoring Conducted annual monitoring of wetland creation area

	To_ta_l_

TASK: TASK 07 Enhancement Area Monitoring Conducted annual monitoring of wetland enhancement areas

TASK: TASK .08 Creation Area Maintenance Inspection

Conducted maintenance and hydro monitoring of wetland creation area

TASK: TASK 09 Enhancement Area Maintenance Inspection Conducted annual maintenance of enhancement areas

no.<,\ I; i -l'.u J
BY: ----

•

Created on 1112/2022

TERMS: DUE UPON PRESENTATION OF INVOICE
Page 1 of2	Client #522023

•

ENVIRONMENTAL SERVICES, INC.
A11erracon COMPANY

INVOICE

Jacksonville, FL 904-900-6494

Prqject Mgr:  Co.dy Sparaco

Project: EJ17246.01 Davis 9B Mitigation 9B

1..I/

To:	E Tomi .Dev. lupr,.,eii[ IRe-

Invoice Number: TJ02161

Environmental Services, Inc. PO Box 959673
St Louis, MO 63195-9673

Federal E.I.N.: 59-2668974

REMITTO,

Jacksonville, FL	.	.
0�

C/0:TRe P@ (GtoI1p	V
Attn: Mikey White 4314 Pablo Oaks Ct.
Jacksonville, FL 32224

) ,3

7_0, S-7 2., <-(S"(o

Project Number: Invoice Date: For Period:

HK177022 2/27/2023
11/06/2022 to 2/25/2023

'--==========================;:::::::D::e::s=c=ri-p-t-i=on= ==--== ==--==--==--==--==--=-= ==- :1 L. =__ =..:. =110;1a , _,
TASK: TASK 02 Monitoring Well Install/Monitoring
Quarterly Well Monitoring	$500.00

TASK: TASK 06 Creation Area Monitoring
Creation Area Monitoring Inspection and Data Management

Task Total

Task Total

$500.00

$925.00

$925.00

TASK: TASK 07 Enhancement Area Monitoring Enhancement Area Management

$75.00

	 Invoice Total	$1,500.00 	
Statement _of Account		
Contract Amount	$139,500.00	
Amount Previously Billed	$63,800.00	
Total Due this Invoice	$1,500.00	
Total Billed	$65,300.00	
 Payments to Date		$56,300.00	
 Total Due		$9,000.00	

;•:=ij
BY::-----

Task Total

$75.00

Created on 212712023

TERMS: DUE UPDN PRESENTATION OF INVOICE
Page 1 of 1	Client #522023

SOUTHEAST FITNESS REPAIR

Southeast Fitness Repair 14476 Duval Place West #208
Jacksonville, FL 32218

Invoice #101461•
Invoice Date: 3/27/2023

Account #100411
Cypress Bluff Etown Amenity Center

Invoice

Payment is due within 30 days of invoice date.
Thank you for your business!

v
1824 Phoenix Avenue
Jacksonville, FL 32206

Invoice

Date	Invoice#	
3/24/2023	23-00172	

Bill To

Ship To

CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTR 475 WEST TOWN PLACE, SUITE 114
SAINT AUGUSTINE, FL 32092

Please remit check payments to:
P.O. Box 3264
Jacksonville, FL 32206

•••

P.O.Number

Terms

Rep

Via

Project

:'JiG.ll@tiWZ?i
I

Labor

Due on receipt

JW

PM Inspection performed by John Willis on 03/17/23

350.00	350.00

·:

BY·;	

All work is complete!

PLEASE NOTE:
DEPOSITS ARE NON-REFUNDABLE ONCE CONSTRUCTION HAS STARTED. CREDIT CARD PAYMENTS ARE SUBJECT TO A 2.5% PROCESSING FEE.

Total	$350.00

Payments	$0.00
Balance Due	$350.00

Wipes LLC
PO Box 324
Northville, Ml 48167 sales@wlpes.com www.wipes.com

.com

INVOICE
BILLTO
Cypress Bluff COD - Jacksonville FL 475 West Town Place
Suite 114

StAugustine, FL 32092

SHIP TO	. SHIPDATE
Cypress Bluff COD - Jacksonville FL SHIP VIA
ReCHARGE Amenity Center 10571 eTown Parkway
Jacksonville, FL 32256

03/28/2023
UPS

INVOICE DATE TERMS DUE DATE

1.391?.
03/2812023
Due on receipt
03/28/2023

Wipes.com Disinfectant Wipes Case

One (1) Case - Four (4)- 800 count rolls of EPA
registered disinfecting wipes

98.96	98.96T

Shipping
Sales Tax

Freight Cost

Sales Tax calculated by AvaTax on Tue 28 Mar 14:34:05 UTC 2023

16.39
0.00

16.39
0.00

MPS\ :.	cU ·

nn e,ti , fu\

SUBTOTAL TAX TOTAL

115.35
0,00
115.35

BY::-----

BALANCE DUE	$115;35

Page 1 of1

Clear Waters, Inc.
P.O. Box 291522
Port Orange, FL 32129

Invoice

DATE	INVOICE#	
4/5/2023	131621	

e-Town
Cypress Bluff CDD 10571 eTown Parkway
Jacksonville, FL 32256 Attn: Marcy Pollicino

BILL TO

	Phone#	P.O. NO.	TERMS		ACCOUNT#	
	
386-767-4928		Net 30		822	
ITEM	DESCRIPTION	RATE	AMOUNT	
Lake Mgmt.	Pond 1

L 'J 2.0. 5·7i	. L(l	2..	100.00	100.00	
	Total	$100.00	
Thank you for your business.	Clearwaterslakemgmt.com	

Dynamic Security Professionals, Inc.
P.O. Box 23861
Jacksonville, FL 32241
EF000l 108

Invoice

Date	Invoice#	
3/24/2023	41957	

Cypress BluffCDD 475 West Town Place Suite 114
St. Augustine, FL 32092

Bill To

ETown Amenity Center 10571 ETown Parkway
Jacksonville, Florida 32256

Location

	P.O. No.	Terms	
		Due on receipt	
Item	Quantity	Description	Rate	Amount	

Quarterly Monitor...	

3	

Quarterly Monitoring of Fire Alarm System Via Starlink Cellular for 2nd Quarter

	

60.00	

180.00	
Thank you for your business.	Sales Tax (7.5%)	$0.00	
	Total	$180.00	
	Payments/Credits	$0.00	

KUTAK ROCK LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

March 31, 2023

Check Remit To: Kutak Rock LLP PO Box 30057
Omaha, NE 68103-1157

ACH/Wire Transfer Remit To:
ABA #104000016
First National Bank of Omaha
Kulak Rock LLP
AIC # 24690470
Reference: Invoice No. 3197357 Client Matter No. 4123-1
Notification Email: eftgroup@kutakrock.com

Mr. James Perry Cypress BluffCDD
Governmental Management Services Suite 114
475 West Town Place
St. Augustine, FL 32092	Invoice No. 3197357
4123-1

Re:	General Counsel
For Professional Legal Services Rendered

02/04/23	S.Sandy	0.50	192.50	Monitor 2023 legislative session for
legislation pertaining to or affecting	

02/21/23	
K.Magee	
1.00	
260.00	District
Review draft Agenda for Board of	

02/22/23	
K. Buchanan	
0.90	
301.50	Supervisors meeting
Confer	with	White	regarding	

02/27/23	
K.Magee	
0.60	
156.00	landscape maintenance issues Prepare for Board of Supervisors	
				meeting	
02/28/23	K. Magee	2.70	702.00	Travel	and	attend	Board	of	
Supervisors meeting
TOTAL HOURS	5.70

KUTAK ROCK LLP
Cypress Bluff CDD		
March 31, 2023
Client Matter No. 4123-1		
Invoice No. 3197357		
Page 2		
TOTAL FOR SERVICES RENDERED	$1,612.00	
TOTALCURRENTAMOUNTDUE	$1.612.00	

INVOICE

Cypress Bluff CDD Contact: Marcy Pollicino 10571eTown Parkway Jacksonville, FL 32256
904-527-1081	Aisling Grove
Robin Aronson
839 Brimfield Court
Port Orange, FL 32127 904-434-9481	

March 17, 2023 St. Patrick's Day performance at Recharge Amenity Center	$700

Deposit received 03/09/2022	($100)

Balance Due	$600

Please make check payable to: Robin Aronson	

NURSeRY &
LANDSCAPING, INC.

Date: 03/30/2023

Billed To: Cypress Bluff COD 2
GMS
475 West Town Place Ste 114 St. Augustine FL 32092

For: E-Town Phase 1

For requests and inquiries please contact service@sunstatenursery.com

Description	Quantity	Price	Ext Price	Sales Tax	
!Broken Heads in Median found By Foreman					
6" RB Popups	2.00	10.39	20.77		
Nozzles	2.00	3.01	6.02		
Labor	0.50	65.00	32.50		

Mail all checks payable to Sun State Nursery, Inc.:
9362 Phillips Highway
Jacksonville FL 32256
(904) 260-0811

lf you have any questions concerning this invoice,

Amount Due	59.29

NURSERY &
LANDSCAPING, INC.

Date: 03/30/2023

Billed To: Cypress Bluff COD 2
GMS
475 West Town Place Ste 114 St. Augustine FL 32092

For: E-Town Recharge 11003 eTown Parkway
Jacksonville FL 32256

For requests and inquiries please contact service@sunstatenursery.com

Description	Quantity	Price	Ext Price	Sales Tax	
Fixed broken pipe, filled in hole with dirt Topped with Pine					
.5" Cap	1.00	0.97	0.97		
.5" Coupling	1.00	0.69	0.69		
Pine Bark	3.00	10.41	31.23		
Valve Cover	2.00	73.90	147.79		
Service Charge	1.00	65.00	65.00		
Labor	0.50	65.00	32.50		

Mail all checks payable to Sun State Nursery, Inc.:
9362 Phillips Highway
Jacksonville FL 32256
(904) 260-0811

If you have any questions concerning this invoice,

Amount Due	278.18

STATE
NURSERY &
LANDSCAPING, INC.

Invoice#: 9864 Date: 03/30/2023

Billed To: Cypress Bluff CDD 2
GMS
475 West Town Place Ste 114 St. Augustine FL 32092

For: E-Town Phase 2

For requests and inquiries please contact service@sunstatenursery.com

Description	Quantity	Price	Ext Price	Sales Tax	
Irrigation Repairs					
Hunter Solenoid	1.00	28.67	28.67		
Decoder	1.00	397.92	397.92		
Service Charge	1.00	65.00	65.00		
Labor	1.00	65.00	65.00		

Mail all checks payable to Sun State Nursery, Inc.:
9362 Phillips Highway
Jacksonville FL 32256
(904) 260-0811

lf you have any questions concerning this invoice,

Amount Due	556.59

STATE
HUASEAY &
LAHDSCAPIHG, INC.

Invoice#: 9923 Date: 04/01/2023

Billed To: Cypress Bluff CDD 2
GMS
475 West Town Place Ste 114 St. Augustine FL 32092

For: E-Town Interchange East

For requests and inquiries please contact service@sunstatenursery.com

Description

April Landscape Maintenance

Quantity

1.00

Price	Ext Price Sales Tax

4,160.00	4,160.00

Mail all checks payable to Sun State Nursery, Inc.:
9362 Phillips Highway
Jacksonville FL 32256
(904) 260-0811

If you have any questions concerning this invoice,

Amount Due	4,160.00

SUN
STATE
NUASEAlf &
LANDSC:APING. INC,

Billed To:  Cypress Bluff COD 2
GMS
475 West Town Place Ste 114 St. Augustine FL 32092

ii VI lb,!]\

i
ipJ

For: E-Town Phase 1

Invoice#: 9927 Date: 04/01/2023

For requests and inquiries please contact service@sunstatenursery.com

Description

April Landscape Maintenance

Quantity
too

Price	Ext Price Sales Tax

6,027,00	6,027,00

Mail all checks payable to Sun State Nursery, Inc.:
9362 Phillips Highway
Jacksonville FL 32256
(904) 260-0811

If you have any questions concerning this invoice,
please contact Sheri Horne @ accounting@sunstatenursery,com

Amount Due	6.027.00 1

SUN
STATE
HUASl!All &
LANDSCAPING. INC.

Invoice#: 9928 Date: 04/01/2023

Billed To: Cypress Bluff COD 2
GMS
475 West Town Place Ste 114 St. Augustine FL 32092

For: E-Town Phase 2

For requests and inquiries please contact service@sunstatenursery.com

Description

April Landscape Maintenance

Quantity

1.00

Price

14,210.00

Ext Price Sales Tax

14,210.00

Mail all checks payable to Sun State Nursery, Inc.:
9362 Phillips Highway
Jacksonville FL 32256
(904) 260-0811

If you have any questions concerning this invoice,
please contact Sheri Horne @ accounting@sunstatenursery.corn

Amount Due	14,210.00 1

SUN
STATE
NUASl!IUI &
LANDSCAPING, INC.

Billed To: Cypress Bluff CODIE-Town Recharge Center 11003 E-Town Parkway
Jacksonville FL 32256

r,I t: aintenance Invoice

J

•,· i	Invoice#:  9929
I
Date: 04/01/2023

For: E-Town Recharge Center 110003 E-Town Parkway
Jacksonville FL 32256

For requests and inquiries please contact service@sunstatenursery.com

Description

April Landscape Maintenance

Quantity

1.00

Price	Ext Price Sales Tax

3,320.00	3,320.00

Mail all checks payable to Sun State Nursery, Inc.:
9362 Phillips Highway
Jacksonville FL 32256
(904) 260-0811

If you have any questions concerning this invoice,
please contact Sheri Horne @ accounting@sunstatenursery.com

Amount Due	3.320.00 1

Invoice#: 9950 Date: 04/03/2023

SUN
STATE
NURSERY &
LANDSCAPING, INC:.

Billed To: Cypress Bluff CODIE-Town Recharge Center 11003 E-Town Parkway
Jacksonville FL 32256

For: E-Town Recharge Center 110003 E-Town Parkway
Jacksonville FL 32256

For requests and inquiries please contact service@sunstatenursery.com

Description

Irrigation Decoders - Zone #1

Quantity

1.00

Price	Ext Price  Sales Tax

577.48	577.48

Mail all checks payable to Sun State Nursery, Inc.:

SUN

IVEfaintenance  Invoice

STATE

I_.i.''

Invoice#: 9951

NURSERY &
LANDSCAPING, INC.

LJ	Date: 04/03/2023

Billed To: Cypress Bluff CDD/E-Town Recharge Center 11003 E-Town Parkway
Jacksonville FL 32256

For: E-Town Recharge Center 110003 E-Town Parkway
Jacksonville FL 32256

For requests and inquiries please contact service@sunstatenursery.com

Description

Irrigation Decodes Zone #96

Quantity

1.00

Price	Ext Price Sales Tax

888.02	888.02

Mail all checks payable to Sun State Nursery, Inc.:

Invoice		

Invoice#	
408609	
Date	4/1/2023	

Vesta Property Services, Inc. 245 Riverside Avenue Suite300
Jacksonville FL 32202

Terms Due Date Memo

4/20/2023
Monthly Fees

Bill To
James Perry, CPA Cypress Bluff CDD c/o GMS LLC
475 West Town Place, Suite 114
St. Augustine FL 32092

6:029:36	6:029:36	
822.95	822.95	
902.33	902.33	
1,730.45	1,730.45	
1,156.25	1,156.25	

Total	$19,766.74

Aldridge,&  9ons	Invoice

Date	Invoice#	
4/12/2023	2023-50844	

Pc0\;;,!,!,!Y,B! I N G

CFC #1426235
PO Box 600921 * Jacksonville, FL 32260
Phone: 904-287-3855 • Fax 904-268-3230

Bill To

Job Location

Cypress Bluff CDD 475 West Town Place St Augustine, FL

eTown
10571 eTown Parkway
Jacksonville, FL 32256

Description	Amount	
DOS: 4-7-2023
Ticket battery auto flush not working (mens), also look at toilets to see how to get better flush - Recharge Amenity Center
Called out _for low water flushes across all toilets. (1). mens toilet sensor malfunctioning (3rd from back). and a malfunctioning bottle filler sensor (cracked and inside the gym)
Investigated the toilets and found that they are 1,25GPF units We verified that the water was fully on to all 15 units
Staff has consistently seen these flushes to be insufficient and March asked-for a quote to upgrade them all to l .6GPF to better expel paper and solids
As for the mens third from back-toilet, we found that the wire supplying power to the sensor had been pinched during manufacturing
For this reason the entire sensor unit needs to be replaced
As for the bottle filler, the sensor needs to be replaced (cracked) We got pictures and will submit (2) quotes per Marcy
The first will cover the (2) broken sensors and the second will cover the broken sensors as well as upgrading the other (14) toilets

NOTE: Email to be sent with (2) estimates for repairs

ECEIVE
APR 11. 2023
BY·		

309.00	

'		

Technician	
ZD	Thank you for your business! A.R.	Total		
$309.00	

A!! invoices are due upon receipt If not paid in full within 30 days thereafter, then interest will accrue on the unpaid portion at 18% per annum and you agree to reimburse costs and attorneys' fees, incurred in the collection of the unpaid portion.	

Jirn Perry	April 11,2023		
Cypress Bluff Community Development District c/o	Project No:	13102,26002	
Governmental Management Services
475 West Town Place, Suite 114	Invoice No:	0207929	
St. Augustine, FL 32092			

Project	13102,26002	Cypress Bluff COD-District Engineer (WA#3) Tasks this month included:
Landscape bid support

Monthly meeting
Professional Services rendered through April 1, 2023
Professional Personnel

Vice President

/, 3/ O, S-13, 3 It
Hours	Rate	Amount

Weeber, Bradley	3/4/2023	.50	260,00	130.00	
Weeber, Bradley	3/18/2023	,50	260.00	130,00	
Weeber, Bradley	3/25/2023	1.00	260.00	260.00	
Senior Engineer/Senior Project Manager	
Hall, Jason	3/4/2023	,50	215,00	107,50	
Sr. Landscape Architect					
Clark, Ryan	3/18/2023	.50	184.00	92,00	
CADD/GIS Technician					
Gallegos, Caranne	3/25/2023	4.00	132.00	528.00	
Totals		7,00		1,247.50	
Total Labor		1,247.50	
		Invoice Totalthis Period ====$'=1='2=4=7=,5=0	
Outstanding Invoices			
Number	Date	Balance	
0207291	316/2023	475.00	
Total		475.00	

Eng!Qnd• Thim) & ffiillar,lnc
B.alllffilS•fl.J.fl/1'"-•Sl.ffll:YalS•alS•�IJlcmtCIS
IIITTU:ISlA\9,'dlff!Old• .$,. mM•b!9J.UU,&!OO,fum ms
C,l, lo«O»II

First Coast Comedy, LLC
d.b.a. First Coast Comedy 2160 Mayport Rd Apt #2602
Jacksonville FL, 32233
Phone (425) 954-5618

.!lilll2;.
Cypress Bluff COD 475 West Town Place Suite 114
St. Augustine, FL 32902

INVOICE#: 21APR23 Date: 30JAN23

u

n

oece1ven
APR 1 7 2023
BY·:-----

Terms;
First Coast Comedy 60 minute 2 Person lmprov Comedy Show

Salesperson	Requisitioner	Terms	
David Bogan	Marcy Pollicino	Pay by check	

Quantity	Description	Unit Price	Total	
1	First Coast Comedy 60 minute 2 Person Improv Comedy Show
April 21, 2023 at 7pm	$900.00	$900.00	

Please make checks payable to 'First Coast Comedy, LLC'. If mailing a check, please mail to, Alex Grindeland, 2160 Mayport Rd Apt #2602, Jacksonville FL, 32233. If you have any questions concerning this invoice, contact David Bogan at, dave@firstcoastcomedy.com or Alex Grindeland at, alex@firstcoastcomedy.com

Thank you for your business!

Governmental Management Seivices, LLC
1001 Bradford Way
Kingston, TN 37763

Invoice

Bill To:
Cypress Bluff CDD 475 West Town Place Suite 114
St, Augustine, FL 32092

Invoice#: 72
Invoice Date: 4/1/23
Due Date: 4/1/23
Case:
P.O. Number:

Management Fees - April 2023
W.e.ti IWAi:!if\ifii§lfii\ig(f:!iAi?J:ll;m;;J
Information Technology- April 2023
RJ!fse.mili;;i\1§.iJp.genl service,s April .2023

l?iistfig,e	•
Copies
Telephone

Office Supplies

4,095.00
'1Q4;1i(,
208.33
50QQQ,
18.49

130.iiCJ'

294:SiP

4,095.00
":10iii,I7·•
208.33
5()1Jj0Q ,.
18.49
2 4:$4
130.50

5.4!\'

5:44

n nece,venu

APR 05 2023

BY·=-----

Total	$5,356.47

Payments/Credits		$0.00 Balance Due/	$5,356AT,

ELECTRIC COMPANY
EC0001925

KAD ELECTRIC COMPANY
P.O. BOX 8567 FLEMING ISLAND FL 32006-0014

Invoice

DATE	INVOICE#	
4/7/2023	4720	

BILL TO	/. J?_o, S7	,2.	1.../ (, 0	
Cypress Bluff CDD eTown Recharge 10571 eTown Parkway
Jacksonville FL 32256		
	P.O. NO.	TERMS	JOB	
		Net 15	23-916	
ITEM	QUANTITY	DESCRIPTION	RATE	AMOUNT	

Elec. Labor	

1	Attn: Marcy Pollicino

and material. Replaced stairwell light fixture cover.

EC�IVE�
� A? » 7 io23
ire	

125.00	

125.00	
Thank you for your busfoess. We appreciate it very much.	Total	$125.00	
	Payments/Credits	$0.00	
Phone#	Fax#	E-mail	Balance Due	$125.00	
904-541-1000	904-215-3475	LDEASE@AOL.COM		

SOUTHEAST �!HIESS REPAIR

Southeast Fitness Repair 14476 Duval Place West #208
Jacksonville, FL 32218
(904) 683-1439

lnvoice,#102589
Service Date: Unscheduled

Account #100411 Cypress Bluff Etown Amenity Center

Invoice - Prepayment	I, 330. 577-. L/e:,s-

Customer Authorization Signature: 	

Date: 	_

Page 2 of2

·

-
BNY MELLON

INVOICE

DOR

TheBank of New York Mellon Trust Company, N.A.

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APR 12 2023
BY:	

Government Management Services, LLC.	g	
Invoice Number:	252-2542306	
ATIN: Jim Peny	0	Account Number:	CYPBLUFF2020	
O_,_
Suite114	Invoice Date:	03-Apr-23	
World GolfVillage	Cycle Date:	01-Apr-23	
St. Augustine, FL 32092	Administrator:
Phone Number:	Caroline Cowart 904-645-1919	
	Currency:	USD	

475 WestTown Place	0

Cypress Bluff Community Development District Special Assessment Bonds, Series 2020

Quantity	Proration	Subtotal	Tu!!!!

Flat
Construction Fund Fee
For the period: April 01, 2023 to March 31, 2024
Trustee Fee
For the period: April 01, 2023to March 31, 2024

L JOO, 15).100
I,3 IO	5"1'3. JI '2,

2,000.00

4,000.00

(D FY2..3
(l)FY1.4

,ooo/ /7._y.ft>	'J> ooo
l OOfJ/ l1...'t C, --..>> Qo i)

Tt''-ISf-  fe..t..lnvolceTotal:
f>yl.,f 1e,f Satisfied To Date:
Balance Due:

6,000.00
0.00
6,000.00

Terms: Payable upon receipt. Please reference the invoice and account number with your remittance. Our Tax ID Number is 95-3571558. Please fax Taxpayer Certificatfon requests to (732) 667-9576. TheBanlc of New York Mellon Trust Company, N.A is located at 400 South Hope Street - Suite 400, Los Angeles, CA90071

Check Payment Instructions: The Bank ofNew York Mellon Corporate TrustDepartment
P.O. Box 392013
Piftsburgh, PA 15251-9013 Please enclose billing stub.

Billing Stub
Cypress Bluff Community Development District Special Assessment Bonds,	Invoice Number:
Series 2020	Account Number:
Invoice Date: cycle Date: Administrator:
Phone Number:
Amount:

252-2542306
CYPBLUFF2020
03-Apr-23
01-Apr-23
Caroline Cowart 904-645-1919
6,000.00 USD

□□□□00662275252D2542306□□□000000□□□6□□00□5

Vesta,,,
Vesta Property .services, Inc. 245 Riverside Avenue
Suite 300
Jacksonville FL 32202

Bill To
Cypress Bluff CDD c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine FL 32092

Billable Expenses Pool Chemicals
Pool Supplies - ETown Total Billable Expenses

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BY:	

Invoice

Invoice# Date

Terms Due Date Memo

409221
3/31/2023

4/30/2023

Total

346.86
63.10
409.96

AW N

Hawkins, Inc. 2381 Rosegate

Phone: (612) 331-6910	Invoice Number	6428018		
	Invoice Date	3/20/23		
	Sales Order Number/Type	4183952	SO	
	Branch Plant	74		

Roseville, MN 55113

Original

INVOICE
Total Invoice	$346.86

Shipment Number	 4928348	

Sold To: 338677
ACCOUNTS PAYABLE
VESTA PROPERTY SERVICES
245 Riverside Ave
Suite 850
Jacksonville FL 32202

Ship To:

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APR l /. 2023

405967
VESTA PROPERTY SERVICES
E-Town
10571 E-Town Parkway
Jacksonville FL 32256

BY:.	

Net Due Date  Terms	FOB Description	Ship Via	Customer P.0.#	P.O. Release	Sales Agent#		
4/19/23	Net30	PPA Dest	HAWKINS SOUTHEAST FLEET	382		
	!tern Name/		Qty	Trans	Unit	Price	Weight	Extended	
Line#  Item. Number	Description	Tax	Shipped	UOM	Price	UOM	Net/Gross	Price	
2.000	42871	Sulfuric Acid 38-40%	N	1.0000	DD	$3.9107	GA	162.0 LB	$58.66

15 GA DD	15.0000	GA	172.0 GW

Demurrage charges may be Invoiced if not returned rimely,
2.001	699922	15 GA Blu/Black Deldrum	N	1.0000	DD	$0.0000	RT	10.0 LB	$0.00	
DELDRM 1H1/X1.9/250		1.0000	RT			10.0GW		

Related Order#: 4183952	
3,000	43967	Ultra-Chlor (Sod. Hypo 12.5%)	N	110.0000	GA	$2.6200	GA	1,109.9 LB	$288.20	
		1 GA BLK (Mini-Bulk)		110.0000	GA			1,201.6 GW	

****"***"* Receive Your Invoice Via Email****"*"***

Please contact our Accounts Receivable Department via email at Credit.Dept@Hawkinslnc.com or ca!l 612-331-6910 to get it setup on your account.

Page 1 of 1	Tax Rate

Sales Tax

Invoice Total	$346.86

0%	$0.00		

No Discount onFreight o, Contalngt•

"ns  nc.

H	/d	J

IMPORTANT: Allproducts are soldwllhout waminty of any kind andpuichasers w/11, by the!fown lasts, determine suilabHtty of such producls  /'
for their own use. se11erwarran1s1hat an goods covered by this lnvo were p_,od\lCOO rn co_mpliance wllh1ha requirements ol 1he Fa!rlabor	llW	J

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: :l d:	1 : :;:,: 11: ln r ::i:.11 11rrff!1; ; : s o1 0 dpJJd  re i;:: :%br:,:;	P t·1t:1:::	RePrnle.,atsTeo·. p .0.	Box	860263

M inneapo[is MN	55486,.,02 63

01l9lnally shipped, and show no evidence of abuse, or use ror purposes olller lhan 1h11 slorage ol or!glnar conlalners. Seller spe.:!Ucany
dtsola!ms and eicludes anyw11rran1v or men:hanlabi!tyand any warranty of filnoss for apa!lkularpurpose. The •so!d To" party abova Is the	J
i	: i 61 '.	Ra gi : OWED AFTER DELIVERY IS MADE IN GOOD CONDITION .	\. 	: 	:._ 	/

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s11bcontrao\or.1tak& affirmative 11ctlon to11rnp!oy and advance In employment lndlvld1111ls wlthoUI raga1d to race, \'O!or, r11Uglon, cox, n11tlonal origin, p1a\11clad V11l11nm status or disability.
www.hawklnsinc.com	Job#3121865

HX - FC - JACKSONVILLE - 34
8297 PHILLIPS HWY * JACKSONVILLE, FL 32256 PHONE: 904-730-9555 * FAX: 904-730-5672

 268765 

044123

PHONE: 904-355-1831 SVCS NOTAX

SAME
VESTA PROPERTY SVCS NOTAX

03/21/23
8:28PM

AVE STE 300

245 RIVERSIDE AVE STE 300

 FL 32202	
0rderPulledBy:
Order Checked Out By: 	_

Order'Picked   Up By:

\
CTR

1

2

1

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APR 1L 2023
B't-·	

9.35

1	ROOOl-C				9.35	
1	R0002-C	EA	TAYLOR	2oz(60ml) SOL #2	9.60	
2	R0870-I	EA	TAYLOR	PPP POWDER 10 grams	11. 60	
1	R0013-E	EA	TAYLOR	16oz(.47L) CYA REAGENT	13.00	
1	9191	EA	TAYLOR	CYA PISP BOTTLE 7/14ml	3.55	

9.60

23 .20

13.00

3.55

Standard Terms: Account disputes must be reported to Credit Department within 60 days of invoice date. Past due accounts and Ci'edit Card payments are not entitled to discounts.
Amounts not paid by the Due Date bear interest at 18% per annum and all cost of coUection, including attorney's fees, are the obligation of the customer.

RECEIVED BY:_ --------- PLEASE SIGN AND PRINT NAME IN BLACK INK

PAYMENT RECEIVED
Cash Ocheck OcreditCardO Number:.	 Amourit:,	
Received By:,	

	58.70

	58.70
	4.40
	.00
	63.10

11111111111111111111111111111111111111111111111111	Page	1 of  1

CUSTOMER COPY

(Page 1)
PM

Invoice Nlimber	237688575	
Customer Number	C2943565	
Jnvolce0Date:· .-	04/12/2023	
Due Date	05/12/2023	
Order Date	04/11/2023	
Order Number	S133646434	
Order Method	WEB	

W.B.MASON CO., INC.
59 Centre St
Brockton, MA 02301

Address Service Requested

n

888-WB-MASON www.wbmason.com
u

CYPRESS BLUFF GFF 475 WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649

QECEIVEn
APR 1 :i 2023
B ------

Delivery Address
Recharge Amenity Center eTown Attn.: Marcy Polliclno
10571 eTown Parkway
Jacksonville FL 32256

W.8. Mason Federal ID#: 04-2455641

Important Messages
Sign up for Paperless Invoicing atwbmason.com/paperless. Your Registration Code: 5638632242

Looking for an easier way to see and pay bills?
Visit WWW.WBMASON.COM/ACCOUNTSTATEMENT.aspx to access your account, go paperless, review invoices and account statements, and link your checking account or credit card to make fast secure payments.

ITEM NUMBER	
DESCRIPTION	
QTY	
U/M	
UNIT PRICE	
EXT PRICE	
HERX8046QK	LINER,REPRO,40X46,45GL,2ML,BK,100/CT	1	CT	71.28	71.28	
WBl1DK200	LINER,DRAWSTRNG,KTCHN13GL	1	BX	69.99	69,99	
NWLLEPFGL	LATEX EXAM POWDER FREE GLOVES LARGE	2	BX	8.99	17.98	
WBM21200	PAPER,8,5X11,988RT,20 LB,WHlTE,5000/CT	1	RM	8,99	8.99	
HEW3YN97AN	!NKCART CMY COMBO 910 F/OJ PRO8020-945PG	2	PK	30.59	61.18	

SUBTOTAL:	229.42	
TAX & BOTTLE DEPOSITS TOTAL:	0,00	
ORDER TOTAL:	229.42	
Total Due:	229.42	

Remittance Section	
Customer Number	C2943565	
Invoice Number	237688575	
Invoice Date	04/12/2023	
Terms	Net 30	
Total Due	229.42	

To ensure proper c"redit, please detach and return below portion with your payment

W.B. MASON CO., INC. POBOX981101 BOSTON, MA 02298-1101

CYPRESS BLUFF CFF 475WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649

PLEASE REFERENCE INVOICE NUMBER WHEN MAKING PAYMENT. PAY ON OUR WEBSITE OR SEND PAYMENT TO:

W.B. MASON CO., INC. PO BOX 981101 BOSTON, MA02298-1101

(29435652376885752376885750000000229425