Cypress Bluff Community Development District
475 West Town Place, Suite 114 St. Augustine, Florida 32092 www.CypressBluffCDD.com
May 13, 2025

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 20, 2025 at 1:00 p.m. at the Southeast Regional Library, 10599 Deerwood Park Boulevard, Jacksonville, Florida 32256.
Following is the agenda for the meeting:

	I.	Roll Call

	I.	Public Comment (limited to three minutes)

	I.	Approval of Minutes of the April 22, 2025 Board of Supervisors Meeting

	I.	Acceptance of the Fiscal Year 2024 Audit Report

	I.	Discussion of the Capital Reserve Study

	I.	Consideration of Resolution 2025-04, Approving the Proposed Budget for Fiscal Year 2026 and Setting a Public Hearing Date

	I.	Staff Reports
	A.	District Counsel

	A.	District Engineer

	A.	District Manager – Report on the Number of Registered Voters (2,845)

	A.	General Manager – Report

	I.	Financial Reports
	A.	Financial Statements as of April 30, 2025

	A.	Assessment Receipts Schedule
	B.	Check Register

	I.	Other Business

	I.	Supervisor’s Requests and Audience Comments

	I.	Next Scheduled Meeting – June 24, 2025 at 1:00 p.m. at the Southeast Regional Library

	I.	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, April 22, 2025 at 1:00 p.m. at the Duval County Southeast Regional Library, 10599 Deerwood Park Boulevard, Jacksonville, Florida 32256.

Present and constituting a quorum were:
Joe Muhl	Chairman
John Hewins	Vice Chairman
Will Cellar	Supervisor
Robert Feist	Supervisor

Also present were:
Jim Oliver	District Manager
Katie Buchanan by phone	District Counsel
Marcy Pollicino	General Manager

The following is a summary of the discussions and actions taken at the April 22, 2025 meeting.
FIRST ORDER OF BUSINESS	Roll Call
Mr. Oliver called the meeting to order at 1:00 p.m. and called the roll.

SECOND ORDER OF BUSINESS	Public Comment
Steve Callahan commented on the sales agents needing to be educated on the CDD aspect as they made multiple statements that were wrong.

THIRD ORDER OF BUSINESS	Approval of Minutes of the February 25,
2025 Meeting
There were no comments on the minutes.

FOURTH ORDER OF BUSINESS	Discussion of the Fiscal Year 2026 Budget
Process
Mr. Oliver stated that the budget is scheduled to be approved at the May 20th meeting and adopted at the July 22nd meeting. Chapter 190 of Florida Statutes requires that the budget be approved by June 15th and adopted no sooner than 60 days after approval. Duval County requires the assessment roll be submitted by July 31st. The capital reserve report will be available by the May meeting, so staff will take Community Advisor’s recommendation into consideration as they draft the budget. If assessments are to be increased, mailed notices will be sent to every resident.
Mr. Cellar joined the meeting at this time.

FIFTH ORDER OF BUSINESS	Review of Fitness Equipment Lease
Agreement
Mr. Oliver informed the Board that the lease for the fitness equipment has ended and a final payment of $101 to terminate the lease and take ownership over the equipment has been made.
Mr. Muhl asked if any of the equipment is in need of repair.
Ms. Pollicino responded that there are three bikes that need a new motor. The part will cost $15, however the Board needs to determine if they want to renew the subscription for all four bikes, which totals $2,796. She typically does not see more than two people on the bikes at one time. She noted she has had requests for a recumbent bike and a rowing machine.
The Board discussed the possibility of purchasing or leasing new equipment during the next budget year and made the following motion to approve renewing subscriptions for two of the four bikes.

The following item was taken out of order from the agenda.

SIXTH ORDER OF BUSINESS	Staff Reports
	D.	General Manager
	4.	Report
Ms. Pollicino provided an overview of the general manager’s report, a copy of which was included in the agenda package for the Board’s review.

	4.	Consideration of Renewing Echelon Subscription
This item was discussed under the fifth order of business.

	4.	Consideration of Quote to Update the Playground Sign
Ms. Pollicino presented a quote from Fast Signs to get the sign consistent with the policies, which are that children under the age of 8 must be accompanied by an adult, and children 13 years and older are not permitted on the equipment. The quote to update the sign totals $896.84.

	4.	Consideration of Proposal to Enhance Median Landscaping between Del Webb and Marconi
Ms. Pollicino presented a proposal from Sunstate to fill in the sparse foliage in the median between Del Webb and Marconi with jasmine for a total of $1,230.

	4.	Consideration of Proposal to Repaint Rooftop Patio Stairs and Drip Edge
Ms. Pollicino informed the Board that the drip edge will need to be sanded and painted, and the patio stairs need to be repaired as rust is seeping through. Investment Painting provided proposals totaling $11,160 for each portion of the job. It was noted this project should be budgeted for every two years due to the elements.
The Board discussed breaking the project up and repairing the stairs in the fall during the next budget year.

Mr. Feist asked Mr. Oliver to add stair expense to the budget.

	A.	District Counsel
Ms. Buchanan provided an update on the legislative session, noting her firm will provide a wrap-up of where any bills applicable to the District end up.
	A.	District Engineer
There being nothing to report, the next item followed.

	A.	District Manager
Mr. Oliver reminded the Board members that they will need to file the financial disclosure Form 1 by July 1st with the Commission on Ethics, and they will also need to complete four hours of ethics training by December 31st.

SEVENTH ORDER OF BUSINESS	Financial Reports
	A.	Financial Statements as of March 31, 2025
Mr. Oliver stated that it will be a tight budget year, but a moderate surplus can be expected.

	A.	Assessment Receipts Schedule
A copy of the assessment receipts schedule showing on-roll assessments are 98% collected was included in the agenda package.

	A.	Check Register
Copies of the check registers for February and March totaling $68,760.20 and
$124,350.45 were included in the agenda package for the Board’s review.

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

NINTH ORDER OF BUSINESS	Supervisor’s	Requests	and	Audience
Comments
A resident asked about the possibility of adding pickleball courts.
Mr. Oliver responded that there is no available land to build pickleball courts, so a current amenity would have to be removed to accomplish that.
Mr. Muhl added that the land surrounding the amenity center is mostly wetlands.
A resident asked about how the new development will affect traffic and the possibility that the road will be expanded from two lanes to four.
Mr. Oliver responded that he is not aware of the transportation plan at this point.

TENTH ORDER OF BUSINESS	Next Scheduled Meeting – May 20, 2025 at
1:00 p.m. at the Southeast Regional Library ELEVENTH ORDER OF BUSINESS	Adjournment

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, 2024
CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT CITY OF JACKSONVILLE, FLORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT MANAGEMENT'S DISCUSSION AND ANALYSIS
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
Notes to Required Supplementary Information
Page 1-2
3-6

7
8

9

10

11

12
13-23

24
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, 2024, 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, 2024, 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 oftheDistrict'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, 2025, 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, 2025
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, 2024. 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 $1,638,414.

	•	The change in the District's total net position in comparison with the prior fiscal year was $539,448, 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, 2024, the District's governmental funds reported combined ending fund balances of
$2,085,367, a decrease of ($98,100) in comparison with the prior fiscal year. A portion of fund balance is restricted for debt service, nonspendable for prepaids and deposits, and the remainder is 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,

	2024	2023	
Assets, excluding capital assets	 $		2,090,230	$		2,199,519 Capital assets, net of depreciation		25,991,728		26,001,151 
Total assets		28,081,958	28,200,670 
Liabilities, excluding long-term liabilities	489,465	509,377
Long-term liabilities		25,954,079	26,592,327 
Total liabilities		26,443,544	27,101,704  Net Position
Net investment in capital assets		37,649		(591,176) Restricted	1,344,592	1,258,146
Unrestricted		256,173	431,996 
Total net position	$	1,638,414	$	1,098,966
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,

  2024	2023	
Revenues:
Program revenues
Operating grants and contributions	

$	2,692,505	

$	2,688,110	
Capital grants and contributions	96,718	69,270	
General revenues
Miscellaneous	
21,288	
18,778	
Unrestricted investment earnings	13,812	9,978	
Total revenues	 2,824,323	2.786,136
Expenses:			
General government	145,807	130,239	
Maintenance and operations	540,484	458,936	
Amenity center	424,531	398,933	
Interest on long-term debt	 1,174,053	1,195,871
Total expenses	 2,284,875	2,183,979			
Change in net position	539,448	602,157
Net position - beginning	 1,098,966	496,809
Net position - ending	$	1,638,414	$	1,098,966

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2024 was $2,284,875. 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 miscellaneous revenue, and interest revenue. The increase in revenues is the result of increased interest income received in the current year. The increase in total expenses is primarily due to an increase in amenity and maintenance expenses.

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, 2024.
CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2024, the District had $26,036,086 invested in capital assets. In the government-wide financial statements depreciation of $44,358 has been taken, which resulted in a net book value of
$25,991,728. More detailed information about the District's capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2024, the District had $25,970,000 in Bonds outstanding. Additionally, the District had a
$6,591 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, 2024

	Governmental
 Activities		
ASSETS		
Cash	$	105,940	
Investments	81,677	
Due from others	775	
Deposits and prepaids	72,644	
Restricted assets:		
Cash	97,674	
Investments	1,731,520	
Capital assets:		
Nondepreciable	25,962,154	
Depreciable, net		29,574	
Total assets	 28,081,958	

LIABILITIES		
Accounts payable	4,863	
Accrued interest payable	484,602	
Non-current liabilities:		
Due within one year	591,591	
Due in more than one year	 25,362,488	
Total liabilities	 26,443,544	

NET POSITION		
Net investment in capital assets	37,649	
Restricted for debt service	1,344,592	
Unrestricted		256,173	
Total net position	$	1,638,414	

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, 2024

Program Revenues
Charges		Operating		Capital for	Grants and	Grants and
Net (Expense) Revenue and Changes in Net Position

Governmental
Functions/Programs Primary government:
Governmental activities: General government
	Expenses	Services	Contributions	Contributions	Activities	

$	145,807	$	145,807	$	-	$	-	$

Interest on long-term debt Total governmental activities
  1,174,053	1,782,025	96,716	-	704,688 
2,284,875 	2,692,505	96,716	2	504,348 

General revenues:		
Miscellaneous	21,288	
Unrestricted investment earnings		13,812	
Total general revenues		35,100 	
Change in net position	539,448	
Net position - beginning		1,098,966 	
Net position - ending	$	1,638,414	

See notes to the financial statements
DRAFT	8
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2024

		Major Funds			Total	
	General	Debt
Service		Capital
Projects	Governmental
Funds	
ASSETS						
Cash	$	105,940	$	97,674	$		$	203,614	
Investments	81,677	1,731,520			1,813,197	
Due from others	775				775	
Deposits and prepaids	72,644				72,644	
Total assets	$	261,036	$  1,829,194	$		$ 2,090,230	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	4,863	$	$	4,863	
Total liabilities	4,863		4,863	

Fund balances:
Nonspendable:
Prepaids and deposits
Restricted for:	72,644		72,644		
Debt service		1,829,194	1,829,194		
Unassigned	183,529		183,529		
Total fund balances	256,173	1,829,194	2,085,367		

Total liabilities and fund balances	
$	261,036	
$  1,829,194	
$	
$ 2,090,230	
RECONCILIATION OF THE BALANCE SHEET· GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2024

Fund balance - governmental funds
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 Accumulated depreciation
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, are reported in the government-wide financial statements.

26,036,086
	(44,358) 
$	2,085,367

25,991,728
Accrued interest payable	(484,602)	
Bonds payable	  (25,954,079)	(26,438,681) 	
Net position of governmental activities	$	1,638,414	
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

	Major Funds		Total
	
General	Debt
Service	Capital
Projects	Governmental
Funds	
REVENUES
Assessments	
$	910,480	
$ 1,782,025	
$	
$	2,692,505	
Interest	13,812	96,716	2	110,530	
Miscellaneous revenues	21,288			21,288	
Total revenues	945,580	1,878,741	2	2,824,323	

EXPENDITURES
Current:
General government	145,807			145,807	
Maintenance and operations	540,484			540,484	
Amenity center	409,745			409,745	
Debt Service:
Principal	
24,148	
615,000		
639,148	
Interest	1,219	1,180,657		1,181,876	
Capital outlay			5,363	5,363	
Total expenditures	1,121,403	1,795,657	5,363	2,922,423	
Excess (deficiency) of revenues over (under) expenditures	

(175,823)	

83,084	

(5,361)	

(98,100)	

OTHER FINANCING SOURCES (USES)
lnterfund transfer in (out)		

2	

(2)		
Total other financing sources (uses)		2	(2)		

Net change in fund balance	
(175,823)	
83,086	
(5,363)	
(98,100)	
Fund balances - beginning	431,996	1,746,108	5,363	2,183,467	
Fund balances - ending	$	256,173	$ 1,829,194	$	$	2,085,367	
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, 2024

Net change in fund balances - total governmental funds	$	(98,100)
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.	

5,363	
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.	
639,148	
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.	

8,723	
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	$	539,448	

See notes to the financial statements
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, 2024, one of the Board members.was affiliated with·E-Town·D velopment Inc; one of the.Developers within the District

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

The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASS") 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:
	a.	The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Inter-local Cooperation Act;
	b.	Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
	c.	Interest bearing time deposits or savings accounts in qualified public depositories;
	d.	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 Equipment
Years 5

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets, including right to use leased 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.
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.
	a.	Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the upcoming October 1.
	b.	Public hearings are conducted to obtain comments.
	c.	Prior to October 1, the budget is legally adopted by the District Board.
	d.	All budget changes must be approved by the District Board.
	e.	The budgets are adopted on a basis consistent with generally accepted accounting principles.
	f.	Unused appropriation for annually budgeted funds lapse at the end of the year.
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, 2024:
 Amortized cost	Credit Risk	Maturities	
Weighted average of the fund
Dreyfus Government Cash Management	$	1,731,520 Investment in Local Government Surplus Funds Trust Fund
(Florida PRIME)	81,677
$	1 813 197
S&PAAAm S&PAAAm
portfolio: 33 days Weighted average of the fund
portfolio: 39 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.

Investments (Continued)
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.
External Investment Poof-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, 2024, 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, 2024 was as follows:

	Beginning
Balance	
Additions		
Reductions	Ending
Balance	
Governmental activities						
Capital assets, not being depreciated
Infrastructure in progress	
$ 25,956,791	
$	5,363	
$		
$ 25,962,154	
Total capital assets, not being depreciated	25 956,791	5,363			25,962,154	

Capital assets, being depreciated						
Equipment	73,932				73,932	
Total capital assets, being depreciated	73,932				73,932	
Less accumulated depreciation for: Equipment	
29,572	
14,786			
44,358	
Total accumulated depreciation	29,572	14,786			44,358	

Total capital assets, being depreciated, net	
44,360	
(14,786)			
29,574	
Governmental activities capital assets, net	$ 26,001,151	$	(9,423)	$		$ 25,991,728	

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.

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 $15,000 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, 2024.
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, 2024.

Series 2020A
In August 2020 the District issued $7,675,000 of SpecJal 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. This occurred during the current fiscal year as the District collected assessments from lot closings and prepaid $25,000 of the Series 2020A 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, 2024.

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, 2024.

Long-term Debt Activitlt'.
Changes in long-term liability activity for the fiscal year ended September 30, 2024 were as follows:

	Beginning
Balance		
Additions	
Reductions	Ending
Balance	Due Within
One Year			
Governmental activities									
Bonds payable:									
Series 2019		$  10,290,000	$		$	240,000	$  10,050,000	$	230,000		
Series 2020		7,150,000			140,000	7,010,000	145,000		
Series 2020A		7,185,000			190,000	6,995,000	165,000		
Less: OID		50,663			1,876	48,787			
Series 2021		1,960,000			45,000	1,915,000	45,000		
Plus: OIP		27,251			976	26,275			
Financed purchases		30,739			24,148	6,591	6,591		
Total		$ 26,592,327	$		$	638,248	$ 25,954,079	$	591,591		

Long-term Debt Activity (Continued)
At September 30, 2024, the scheduled debt service requirements on the long-term debt were as follows:

Year ending		Governmental Activities		
September 30:	Principal	Interest	Total	
2025	$	585,000	$	1,160,217	$	1,745,217	
2026	610,000	1,139,488	1,749,488	
2027	635,000	1,116,787	1,751,787	
2028	655,000	1,092,562	1,747,562	
2029	685,000	1,067,439	1,752,439	
2030-2034	3,865,000	4,885,894	8,750,894	
2035-2039	4,840,000	3,936,587	8,776,587	
2040-2044	6,065,000	2,720,418	8,785,418	
2045-2049	6,930,000	1,129,832	8,059,832	
2050-2052	1,100,000	40,990	1,140,990	
Total	  $	25,970,000	$	18,290,214	$	44,260,214			

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, 2024 are as follows:
Year ending
September 30:	Principal	Interest
Total payments
2025	 $	6,591	$	75	$	6,666 
Total
$	6,591	$	75
$	6,666

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.

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.
NOTE10-MANAGEMENTCOMPANY

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.
NOTE 11 - RISK MANAGEMENT

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.
NOTE 12-SUBSEQUENT EVENTS

Bond Payments
Subsequent to fiscal year end, the District prepaid a total of $15,000 of the Series 2019 Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture.
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

	
Budgeted
 Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget -
Positive
(Ne ative)	
REVENUES				
Assessments	$	908,174	$	910,480	$	2,306	
Interest	5,000	13,812	8,812	
Miscellaneous income	20,000	21,288	1,288	
Total revenues	933,174	945,580	12,406	

EXPENDITURES
Current:
General government	151,102	145,807	5,295	
Maintenance and operations	496,554	540,484	(43,930)	
Amenity Debt Service:
Principal	479,662	409,745

24,148	69,917

(24,148)	
Interest		1,219	(1,219)	
Total expenditures	1,127,318	1,121,403	5,915	
Excess (deficiency) of revenues over (under) expenditures	

(194,144)	

(175,823)	

18,321	

OTHER FINANCING SOURCES				
Carryforward surplus	194,144		(194,144	
Total other financing sources	194,144		(194,144)	

Net change in fund balance	
$ 		
(175,823)	
 $	(175,823)	

Fund balance - beginning	
	431,996 			

Fund balance - ending	
$	256,173			

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, 2024.
OTHER INFORMATION- DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District's fiscal year being reported.	5	
Number of independent contractors compensated to whom nonemployee
compensation was paid in the last month of the District's fiscal year being reported.	
29	
Employee compensation	$7,800	
Independent contractor compensation	$1,164,531	
Construction projects to begin on or after October 1; ($65K)	None	

Budget variance report	See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund	
Ad Valorem taxes	Not applicable	
		
Non ad valorem special assessments;	
O(!er<1tions and maintenance:	
Special assessment rate		
	$351.35 - $540.54

Debt service:
Series 2019: $405.17 - $837.60 Series 2020: $405.37 - $837.60 Series 2020A: $723.64 - $1,085.46 Series 2021: $404.86 - $836.38	
Special assessments collected	$2,692,505	
Outstanding Bonds:	see Note 6 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, 2024, 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, 2025.
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 or significant deficiencies may exist that were not 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,2025

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, 2024. 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.
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2024.
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,2025

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, 2024, and have issued our report thereon dated Xxxx, 2025.

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 A/CPA 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, 2025, 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:

	I.	Current year findings and recommendations.
	II.	Status of prior year findings and recommendations.
Ill. 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,2025
REPORT TO MANAGEMENT

	I.	CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None
	I.	PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
Ill. 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:

	1.	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, 2023.
	1.	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, 2024.
	1.	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, 2024.

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

	1.	The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
	2.	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.

	1.	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
Full Reserve Study
Cypress Bluff Community Development District Jacksonville, Florida
Prepared for FY 2025 Report Date: April 24, 2025

April 24, 2025

District Supervisors
C/o Governmental Management Services 3475 West Town Place, Suite 114
St. Augustine Florida 32092
Re: Reserve Study Report for Cypress Bluff Community Development District Dear Supervisors:
Community Advisors is pleased to provide this Reserve Study report for the above referenced District. A site visit was conducted to determine the condition of your major components and provide an opinion of their remaining useful life.
We have developed a plan to fund future capital component replacements which is dependent on adequate funding, component maintenance, usage, weather and other factors. Component replacement cost is determined using local vendors and industry standard publications. This Reserve Study was prepared under the guidelines of the National Reserve Study Standards which is administrated by CAI and the Standards of Practice establish by APRA.
Respectively submitted,

Charles R. Sheppard RS PRA CCI
Professional Reserve Analyst
10459 Hunters Creek Court Jacksonville, FL 32256
(904) 303-3275
www.communityadvisors.comm

SPECIAL NOTICE
THIS RESERVE ANALYLSIS INCLUDED A VISUAL OBSERVATION OF MAJOR COMPONENTS FOR YOUR DISTRICT. NO DISTRUCTIVE TESTING OR OTHER TESTING WAS CONDUCTED TO DETERMINE COMPONENT CONDITION. OUR ANALYSIS INCLUDES COMPONENTS WITH REPLACEMENT COST AND USEFUL LIFE PROJECTIONS THAT ARE TYPICAL FOR THIS TYPE OF FACILITY.
THIS ANALYSIS IS NOT A SAFETY INSPECTION OR STRUCTURAL INSPECTION AND WE RECOMMEND THE DISTRICT CONDUCT THOSE INSPECTIONS ON A REGULAR BASIS WITH QUALIFIED CONSULTANTS.
TABLE OF CONTENTS

EXECUTIVE SUMMARY
Executive Summary	1-1
FUNDING PLAN
Funding Model Projection	2-1
Income & Expense Spreadsheet	2-2
CHARTS
Funding Balances, Expenditures, Expenditures	3-1
EXPENDITURE DETAIL
Annual Expenditure Detail	4-1
Asset Current Cost by Category	4-12
COMPONENT INVENTORY
Component Inventory	5-1
Component Detail Index	5-4
Component Detail	5-7
DISCLOSURERS & INFORMATION
Methodology & Information	6-4
Terms of Service	6-5
Definitions	6-6
Jacksonville, Florida
Executive Summary

GENERAL INFORMATION
	•	Date of Completion:	December 1, 2020
	•	Date of site visit:	April 22, 2025
	•	Components Included:	44
	•	Current replacement cost:	$1,123,205
	•	Level of Service:	Level I Reserve Study
	•	Funding Method:	The Cash Flow Method
	•	Funding Goal:	Adequate funding with moderate contributions

NOTES
	•	This analysis has been completed in order to establish a capital reserve to fund future component replacements. The beginning reserve balance is assumed -0-.
	•	This funding plan provides adequate funding with moderate contributions and has as it's low balance or Threshold Year FY 2025/2026.

Required Annual Contribution	$119,427.57	
$59.77 per unit annually		
Average Net Annual Interest Earned	  $3,102.83	
Total Annual Allocation to Reserves	$122,530.40	
$61.33 per unit annually		
Funding Model Projection

Beginning Balance: $0
Projected
Current		Annual	 Annual		Annual		Ending Year	Cost	Contribution	Interest	Expenditures	Reserves

25-26	1,123,205	119,428	3,103	16,000	106,530	
26-27	1,156,901	120,622	6,320	16,480	216,992	
27-28	1,191,608	121,828	9,655	16,974	331,501	
28-29	1,227,356	123,046	12,325	43,709	423,164	
29-30	1,264,177	124,277	15,883	18,008	545,316	
30-31	1,302,102	125,520	17,720	80,174	608,381	
31-32	1,314,706	126,775	21,482	19,105	737,532	
32-33	1,354,147	128,043	16,195	325,735	556,035	
33-34	1,394,772	129,323	19,003	51,938	652,423	
34-35	1,436,615	130,616	22,865	20,876	785,028	
35-36	1,479,713	131,922	19,627	262,703	673,874	
36-37	1,524,105	133,242	22,121	69,758	759,478	
37-38	1,569,828	134,574	26,137	22,812	897,377	
38-39	1,616,923	135,920	29,628	45,701	1,017,224	
39-40	1,665,430	137,279	33,365	42,353	1,145,515	
40-41	1,715,393	138,652	25,781	424,799	885,149	
41-42	1,766,855	140,038	29,985	25,675	1,029,497	
42-43	1,819,861	141,439	29,268	195,344	1,004,859	
43-44	1,874,457	142,853	32,337	69,800	1,110,250	
44-45	1,930,690	144,282	22,525	503,689	773,367	
45-46	1,988,611	145,724	24,267	110,185	833,173	
46-47	2,048,269	147,182	27,848	52,088	956,114	
47-48	2,109,717	148,653	32,223	30,658	1,106,333	
48-49	2,173,009	150,140	36,747	31,577	1,261,643	
49-50	2,238,199	151,641	41,423	32,525	1,422,182	
50-51	2,305,345	153,158	33,411	461,628	1,147,124	
51-52	2,374,505	154,689	38,019	34,505	1,305,327	
52-53	2,445,741	156,236	40,489	111,942	1,390,110	
53-54	2,519,113	157,799	42,799	121,260	1,469,448	
54-55	2,594,686	159,377	47,734	37,705	1,638,853	

	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35	
Beginning Balance		106,530	216,992	331,501	423,164	545,316	608,381	737,532	556,035	652,423	
Annual Assessment	119,428	120,622	121,828	123,046	124,277	125,520	126,775	128,043	129,323	130,616	
Interest Earned	3,103	6,320	9,655	12,325	15,883	17,720	21,482	16,195	19,003	22,865	
Expenditures	16,000	16,480	16,974	43,709	18,008	80,174	19,105	325,735	51,938	20,876	
Ending Balance	106,530	216,992	331,501	423,164	545,316	608,381	737,532	556,035	652,423	785,028	

Description
Site Components											
Artificial Turf - Yoga Lawn/Pool								13,371			
Site Components Total:								13,371			
Parking Lot											
Asphalt Resurfacing - Amenity Lot											
Parking Lot Total:											
Fencing/Gates/Access Control											
Chain Link Fence - Dog Park											
Dumpster Gates											
Repair/Paint Steel Fence - Playground											
Repair/Paint Steel Fence - Pool											
Steel Fence Repair/Paint- Dog Park											
Fencing/Gates/Access Control Total:											
Landscape/Irrigation											
Irrigation Control/Devices Allowance	3,000	3,090	3,183	3,278	3,377	3,478	3,582	3,690	3,800	3,914	
Irrigation Pump #1/Misc. Parts						28,982					
Irrigation Pump #2/Misc. Parts									31,669		
Landscape Allowance - Etown Pkw/Amenity	10,000	10,300	10,609	10,927	11,255	11,593	11,941	12,299	12,668	13,048	
Landscape/Irrigation Total:	13,000	13,390	13,792	14,205	14,632	44,052	15,523	15,988	48,137	16,962	
Site Lighting											
Light Pole Fixtures											
Site Lighting Total:											
25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35
Description
Roofing			
Standing Seam Metal Roof
TPO Membrane			
Roofing Total:			
Building Components			
Bar Tops - Sky Deck
Floor Tile - Sky Deck			
Refurbish Allowance - Fitness Restroom
Refurbish Allowance - Restrooms			
Resilent Floor - Fitness Room			
Building Components Total:			
Ext. Painting/Refurbish			
Exterior Repair/Paint - Recharge Bld.
Pergola Refurbishment Allowance	13,113		
Steel Repair/Paint - Ext. Stairs/Rails	13,113		
Ext. Painting/Refurbish Total:	26,225		
HVAC			
Heat Pump - Fitness/Office/Restrooms		16,603	
HVAC Total:		16,603	
Electrical			
Fire Alarm Panel
Solar Panel Allowance			
Electrical Total:			
Plumbing			
Drinking Fountain w/Bottle Fill			
Plumbing Total:			
Elevators			
Elevator Cab Refurbishment Allowance
Elevator Modernization Allowance			
Elevators Total:			
25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35
Description
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	3,000	3,090	3,183	3,278	3,377	3,478	3,582	3,690	3,800	3,914 Pool Furniture Allowance

Furniture Fixtures Equip. Total:	3,000	3,090	3,183	3,278	3,377	10,433	3,582	3,690	3,800	3,914
Swimming Pool
Pool Filtration Refurbishment Allowance Pool Lift

Shade Structure/Fabric - Pool
Swimming Pool Total:	9,459	276,082
Playground
Shade Structure/Fabric - Playground

Playground Total:	12,891
Dog Park
Dog Park Total:	3,339
Operating Expense
25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35
Description
Operating Expense continued...

Year Total:	16,000	16,480	16,974	43,709	18,008	80,174	19,105	325,735	51,938	20,876

	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45	
Beginning Balance	785,028	673,874	759,478	897,377	1,017,224	1,145,515	885,149	1,029,497	1,004,859	1,110,250	
Annual Assessment	131,922	133,242	134,574	135,920	137,279	138,652	140,038	141,439	142,853	144,282	
Interest Earned	19,627	22,121	26,137	29,628	33,365	25,781	29,985	29,268	32,337	22,525	
Expenditures	262,703	69,758	22,812	45,701	42,353	424,799	25,675	195,344	69,800	503,689	
Ending Balance	673,874	759,478	897,377	1,017,224	1,145,515	885,149	1,029,497	1,004,859	1,110,250	773,367	

Description
Site Components											
Artificial Turf - Yoga Lawn/Pool										19,064	
Site Components Total:										19,064	
Parking Lot											
Asphalt Resurfacing - Amenity Lot								168,899			
Parking Lot Total:								168,899			
Fencing/Gates/Access Control											
Chain Link Fence - Dog Park											
Dumpster Gates						11,217					
Repair/Paint Steel Fence - Playground		5,581								7,070	
Repair/Paint Steel Fence - Pool		5,703								7,225	
Steel Fence Repair/Paint- Dog Park		3,105								3,933	
Fencing/Gates/Access Control Total:		14,389				11,217				18,228	
Landscape/Irrigation											
Irrigation Control/Devices Allowance	4,032	4,153	4,277	4,406	4,538	4,674	4,814	4,959	5,107	5,261	
Irrigation Pump #1/Misc. Parts						38,949					
Irrigation Pump #2/Misc. Parts									42,561		
Landscape Allowance - Etown Pkw/Amenity	13,439	13,842	14,258	14,685	15,126	15,580	16,047	16,528	17,024	17,535	
Landscape/Irrigation Total:	17,471	17,995	18,535	19,091	19,664	59,203	20,861	21,487	64,692	22,796	
Site Lighting											
Light Pole Fixtures						33,652					
Site Lighting Total:						33,652					
35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45
Description
Roofing						
Standing Seam Metal Roof
TPO Membrane				
58,988		
Roofing Total:				58,988		
Building Components						
Bar Tops - Sky Deck
Floor Tile - Sky Deck	16,799					
Refurbish Allowance - Fitness Restroom
Refurbish Allowance - Restrooms	9,139			
52,971		
Resilent Floor - Fitness Room	29,803					
Building Components Total:	55,740			52,971		
Ext. Painting/Refurbish						
Exterior Repair/Paint - Recharge Bld.
Pergola Refurbishment Allowance		16,611		
21,812	21,042	
Steel Repair/Paint - Ext. Stairs/Rails		16,611			21,042	
Ext. Painting/Refurbish Total:		33,222		21,812	42,084	
HVAC						
Heat Pump - Fitness/Office/Restrooms					23,672	
HVAC Total:					23,672	
Electrical						
Fire Alarm Panel
Solar Panel Allowance			
22,204	12,775		
Electrical Total:			22,204	12,775		
Plumbing						
Drinking Fountain w/Bottle Fill				9,659		
Plumbing Total:				9,659		
Elevators						
Elevator Cab Refurbishment Allowance
Elevator Modernization Allowance				15,580		
Elevators Total:				15,580		
35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45
Description
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)		4,032	4,153	4,277	4,406	4,538	4,674	4,814	4,959	5,107	5,261 Pool Furniture Allowance	53,757

Furniture Fixtures Equip. Total:	76,603	4,153	4,277	4,406	4,538	14,022	4,814	4,959	5,107	5,261
Swimming Pool
Pool Filtration Refurbishment Allowance
Pool Lift	12,095
Shade Structure/Fabric - Pool	74,782

Swimming Pool Total:	12,095	18,151	74,782	372,585
Playground
Shade Structure/Fabric - Playground	22,746

Playground Total:	100,794	22,746
Dog Park
Dog Park Total:	37,391
Operating Expense
35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45
Description
Operating Expense continued...

Year Total:	262,703	69,758	22,812	45,701	42,353	424,799	25,675	195,344	69,800	503,689

	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55	
Beginning Balance	773,367	833,173	956,114	1,106,333	1,261,643	1,422,182	1,147,124	1,305,327	1,390,110	1,469,448	
Annual Assessment	145,724	147,182	148,653	150,140	151,641	153,158	154,689	156,236	157,799	159,377	
Interest Earned	24,267	27,848	32,223	36,747	41,423	33,411	38,019	40,489	42,799	47,734	
Expenditures	110,185	52,088	30,658	31,577	32,525	461,628	34,505	111,942	121,260	37,705	
Ending Balance	833,173	956,114	1,106,333	1,261,643	1,422,182	1,147,124	1,305,327	1,390,110	1,469,448	1,638,853	

Description
Site Components											
Artificial Turf - Yoga Lawn/Pool											
Site Components Total:											
Parking Lot											
Asphalt Resurfacing - Amenity Lot											
Parking Lot Total:											
Fencing/Gates/Access Control											
Chain Link Fence - Dog Park	32,674										
Dumpster Gates											
Repair/Paint Steel Fence - Playground								8,956			
Repair/Paint Steel Fence - Pool								9,152			
Steel Fence Repair/Paint- Dog Park								4,982			
Fencing/Gates/Access Control Total:	32,674							23,090			
Landscape/Irrigation											
Irrigation Control/Devices Allowance	5,418	5,581	5,748	5,921	6,098	6,281	6,470	6,664	6,864	7,070	
Irrigation Pump #1/Misc. Parts						52,344					
Irrigation Pump #2/Misc. Parts									57,198		
Landscape Allowance - Etown Pkw/Amenity	18,061	18,603	19,161	19,736	20,328	20,938	21,566	22,213	22,879	23,566	
Landscape/Irrigation Total:	23,479	24,184	24,909	25,657	26,426	79,564	28,036	28,877	86,941	30,635	
Site Lighting											
Light Pole Fixtures											
Site Lighting Total:											
45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55
Description
Roofing				
Standing Seam Metal Roof
TPO Membrane				
Roofing Total:				
Building Components				
Bar Tops - Sky Deck
Floor Tile - Sky Deck	
37,777	26,172		
Refurbish Allowance - Fitness Restroom
Refurbish Allowance - Restrooms		14,238		
Resilent Floor - Fitness Room		46,432		
Building Components Total:	37,777	86,842		
Ext. Painting/Refurbish				
Exterior Repair/Paint - Recharge Bld.
Pergola Refurbishment Allowance			26,655	
Steel Repair/Paint - Ext. Stairs/Rails			26,655	
Ext. Painting/Refurbish Total:			53,311	
HVAC				
Heat Pump - Fitness/Office/Restrooms				
HVAC Total:				
Electrical				
Fire Alarm Panel
Solar Panel Allowance				
Electrical Total:				
Plumbing				
Drinking Fountain w/Bottle Fill				
Plumbing Total:				
Elevators				
Elevator Cab Refurbishment Allowance
Elevator Modernization Allowance				
Elevators Total:				
45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55
Description
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	5,418	5,581	5,748	5,921	6,098		6,281	6,470	6,664	6,864	7,070 Pool Furniture Allowance						83,751

Furniture Fixtures Equip. Total:	16,255	5,581	5,748	5,921	6,098	119,345	6,470	6,664	6,864	7,070
Swimming Pool
Pool Filtration Refurbishment Allowance
Pool Lift	18,844
Shade Structure/Fabric - Pool

Swimming Pool Total:	22,324	18,844	27,455
Playground
Shade Structure/Fabric - Playground

Playground Total:	157,033
Dog Park
Dog Park Total:
Operating Expense
45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55
Description
Operating Expense continued...

Year Total:	110,185	52,088	30,658	31,577	32,525	461,628	34,505	111,942	121,260	37,705

This chart illustrates the recommended funding plan provides adequate funding for component replacements with moderate increases in annual contributions.

Description	Expenditures

Replacement Year 25-26 Landscape/Irrigation
Irrigation Control/Devices Allowance	3,000
Landscape Allowance - Etown Pkw/Amenity	10,000

Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	3,000	
Total for 2025 - 2026	$16,000	
Replacement Year 26-27		
Landscape/Irrigation		
Irrigation Control/Devices Allowance	3,090	
Landscape Allowance - Etown Pkw/Amenity	10,300	
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	
3,090	
Total for 2026 - 2027	$16,480	
Replacement Year 27-28		
Landscape/Irrigation		
Irrigation Control/Devices Allowance	3,183	
Landscape Allowance - Etown Pkw/Amenity	10,609	
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	
3,183	
Total for 2027 - 2028	$16,974	
Replacement Year 28-29		
Landscape/Irrigation		
Irrigation Control/Devices Allowance	3,278	
Landscape Allowance - Etown Pkw/Amenity	10,927	
Ext. Painting/Refurbish		
Exterior Repair/Paint - Recharge Bld.	13,113
Steel Repair/Paint - Ext. Stairs/Rails	13,113
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	3,278
Total for 2028 - 2029	$43,709

Description	Expenditures

Replacement Year 29-30 Landscape/Irrigation
Irrigation Control/Devices Allowance	3,377
Landscape Allowance - Etown Pkw/Amenity	11,255
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	3,377	
Total for 2029 - 2030	$18,008	
Replacement Year 30-31		
Landscape/Irrigation
Irrigation Control/Devices Allowance	
3,478	
Irrigation Pump #1/Misc. Parts	28,982	
Landscape Allowance - Etown Pkw/Amenity	11,593	
Furniture Fixtures Equip.
Camera System Allowance	6,956
Fitness Equip. Allowance (partially leased)	3,478
Swimming Pool
Shade Fabric - Pool	9,459
Playground
Shade Fabric - Playground	12,891
Dog Park
Shade Fabric - Dog Park	3,339	
Total for 2030 - 2031	$80,174	
Replacement Year 31-32		
Landscape/Irrigation		
Irrigation Control/Devices Allowance	3,582	
Landscape Allowance - Etown Pkw/Amenity	11,941	
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	
3,582	
Total for 2031 - 2032	$19,105	
Replacement Year 32-33		
Site Components		
Artificial Turf - Yoga Lawn/Pool	13,371	

Description	Expenditures

Replacement Year 32-33 continued...
Landscape/Irrigation
Irrigation Control/Devices Allowance	3,690
Landscape Allowance - Etown Pkw/Amenity	12,299
HVAC
Heat Pump - Fitness/Office/Restrooms	16,603
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	3,690

Swimming Pool			
Pool Expansion Joint Replace	14,758		
Pool Resurfacing/Tile	261,324		
Total for 2032 - 2033	$325,735		
Replacement Year 33-34			
Landscape/Irrigation			
Irrigation Control/Devices Allowance	3,800		
Irrigation Pump #2/Misc. Parts	31,669		
Landscape Allowance - Etown Pkw/Amenity	12,668		
Furniture Fixtures Equip.			
Fitness Equip. Allowance (partially leased)	3,800		
Total for 2033 - 2034	$51,938		
Replacement Year 34-35			
Landscape/Irrigation			
Irrigation Control/Devices Allowance	3,914		
Landscape Allowance - Etown Pkw/Amenity	13,048		
Furniture Fixtures Equip.			
Fitness Equip. Allowance (partially leased)	3,914		
Total for 2034 - 2035	$20,876		
Replacement Year 35-36			
Landscape/Irrigation			
Irrigation Control/Devices Allowance	4,032		
Landscape Allowance - Etown Pkw/Amenity	13,439		

Description	Expenditures	
Replacement Year 35-36 continued...		
Building Components		
Bar Tops - Sky Deck	16,799	
Refurbish Allowance - Fitness Restroom	9,139	
Resilent Floor - Fitness Room	29,803	
Furniture Fixtures Equip.		
Access Control System Allowance	10,751	
Camera System Allowance	8,063	
Fitness Equip. Allowance (partially leased)	4,032	
Pool Furniture Allowance	53,757	
Swimming Pool		
Pool Lift	12,095	
Playground		
Play Equipment Allowance	100,794	
Total for 2035 - 2036	$262,703	
Replacement Year 36-37		
Fencing/Gates/Access Control		
Repair/Paint Steel Fence - Playground	5,581	
Repair/Paint Steel Fence - Pool	5,703	
Steel Fence Repair/Paint- Dog Park	3,105	
Landscape/Irrigation
Irrigation Control/Devices Allowance	4,153
Landscape Allowance - Etown Pkw/Amenity	13,842
Ext. Painting/Refurbish
Exterior Repair/Paint - Recharge Bld.	16,611
Steel Repair/Paint - Ext. Stairs/Rails	16,611
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	4,153	
Total for 2036 - 2037	$69,758	
Replacement Year 37-38		
Landscape/Irrigation
Irrigation Control/Devices Allowance	
4,277	

Description	Expenditures

Replacement Year 37-38 continued...
Landscape Allowance - Etown Pkw/Amenity	14,258
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	4,277	
Total for 2037 - 2038	$22,812	
Replacement Year 38-39		
Landscape/Irrigation
Irrigation Control/Devices Allowance	
4,406	
Landscape Allowance - Etown Pkw/Amenity	14,685	
Electrical
Solar Panel Allowance	22,204
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	4,406	
Total for 2038 - 2039	$45,701	
Replacement Year 39-40		
Landscape/Irrigation
Irrigation Control/Devices Allowance	
4,538	
Landscape Allowance - Etown Pkw/Amenity	15,126	
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	4,538
Swimming Pool
Pool Expansion Joint Replace	18,151	
Total for 2039 - 2040	$42,353	
Replacement Year 40-41		
Fencing/Gates/Access Control
Dumpster Gates	
11,217	
Landscape/Irrigation
Irrigation Control/Devices Allowance	
4,674	
Irrigation Pump #1/Misc. Parts	38,949	
Landscape Allowance - Etown Pkw/Amenity	15,580	
Site Lighting
Light Pole Fixtures	33,652

Description	Expenditures

Replacement Year 40-41 continued...
Roofing
TPO Membrane	58,988
Building Components
Refurbish Allowance - Restrooms	52,971
Ext. Painting/Refurbish
Pergola Refurbishment Allowance	21,812
Electrical
Fire Alarm Panel	12,775
Plumbing
Drinking Fountain w/Bottle Fill	9,659
Elevators
Elevator Cab Refurbishment Allowance	15,580
Furniture Fixtures Equip.
Camera System Allowance	9,348
Fitness Equip. Allowance (partially leased)	4,674
Swimming Pool
Shade Structure/Fabric - Pool	74,782
Playground
Shade Structure/Fabric - Playground	22,746

Dog Park		
Shade Structure/Fabric - Dog Park	37,391	
Total for 2040 - 2041	$424,799	
Replacement Year 41-42		
Landscape/Irrigation		
Irrigation Control/Devices Allowance	4,814	
Landscape Allowance - Etown Pkw/Amenity	16,047	
Furniture Fixtures Equip.		
Fitness Equip. Allowance (partially leased)	4,814	
Total for 2041 - 2042	$25,675	
Replacement Year 42-43		
Parking Lot		
Asphalt Resurfacing - Amenity Lot	168,899	

Description	Expenditures

Replacement Year 42-43 continued...
Landscape/Irrigation
Irrigation Control/Devices Allowance	4,959
Landscape Allowance - Etown Pkw/Amenity	16,528

Furniture Fixtures Equip.			
Fitness Equip. Allowance (partially leased)	4,959		
Total for 2042 - 2043	$195,344		
Replacement Year 43-44			
Landscape/Irrigation			
Irrigation Control/Devices Allowance	5,107		
Irrigation Pump #2/Misc. Parts	42,561		
Landscape Allowance - Etown Pkw/Amenity	17,024		
Furniture Fixtures Equip.			
Fitness Equip. Allowance (partially leased)	5,107		
Total for 2043 - 2044	$69,800		
Replacement Year 44-45			
Site Components			
Artificial Turf - Yoga Lawn/Pool	19,064		
Fencing/Gates/Access Control			
Repair/Paint Steel Fence - Playground	7,070		
Repair/Paint Steel Fence - Pool	7,225		
Steel Fence Repair/Paint- Dog Park	3,933		
Landscape/Irrigation			
Irrigation Control/Devices Allowance	5,261
Landscape Allowance - Etown Pkw/Amenity	17,535
Ext. Painting/Refurbish
Exterior Repair/Paint - Recharge Bld.	21,042
Steel Repair/Paint - Ext. Stairs/Rails	21,042
HVAC
Heat Pump - Fitness/Office/Restrooms	23,672
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	5,261

Description	Expenditures	
Replacement Year 44-45 continued...		
Swimming Pool
Pool Resurfacing/Tile	
372,585	
Total for 2044 - 2045	
$503,689	
Replacement Year 45-46		
Fencing/Gates/Access Control
Chain Link Fence - Dog Park	
32,674	
Landscape/Irrigation
Irrigation Control/Devices Allowance	5,418
Landscape Allowance - Etown Pkw/Amenity	18,061
Building Components
Floor Tile - Sky Deck	37,777	
Furniture Fixtures Equip.
Camera System Allowance	
10,837	
Fitness Equip. Allowance (partially leased)	5,418	
Total for 2045 - 2046	$110,185	
Replacement Year 46-47		
Landscape/Irrigation
Irrigation Control/Devices Allowance	
5,581	
Landscape Allowance - Etown Pkw/Amenity	18,603	
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	5,581
Swimming Pool
Pool Expansion Joint Replace	22,324	
Total for 2046 - 2047	$52,088	
Replacement Year 47-48		
Landscape/Irrigation
Irrigation Control/Devices Allowance	
5,748	
Landscape Allowance - Etown Pkw/Amenity	19,161	
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	5,748
Total for 2047 - 2048	$30,658

Description	Expenditures

Replacement Year 48-49 Landscape/Irrigation
Irrigation Control/Devices Allowance	5,921
Landscape Allowance - Etown Pkw/Amenity	19,736

Furniture Fixtures Equip.		
Fitness Equip. Allowance (partially leased)	5,921	
Total for 2048 - 2049	$31,577	
Replacement Year 49-50		
Landscape/Irrigation		
Irrigation Control/Devices Allowance	6,098	
Landscape Allowance - Etown Pkw/Amenity	20,328	
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	
6,098	
Total for 2049 - 2050	$32,525	
Replacement Year 50-51		
Landscape/Irrigation		
Irrigation Control/Devices Allowance	6,281	
Irrigation Pump #1/Misc. Parts	52,344	
Landscape Allowance - Etown Pkw/Amenity	20,938	
Building Components
Bar Tops - Sky Deck	
26,172	
Refurbish Allowance - Fitness Restroom	14,238	
Resilent Floor - Fitness Room	46,432	
Furniture Fixtures Equip.		
Access Control System Allowance	16,750	
Camera System Allowance	12,563	
Fitness Equip. Allowance (partially leased)	6,281	
Pool Furniture Allowance	83,751	
Swimming Pool		
Pool Lift	18,844	
Playground		
Play Equipment Allowance	157,033	
Total for 2050 - 2051	$461,628	

Description	Expenditures

Replacement Year 51-52 Landscape/Irrigation
Irrigation Control/Devices Allowance	6,470
Landscape Allowance - Etown Pkw/Amenity	21,566
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	6,470	
Total for 2051 - 2052	$34,505	
Replacement Year 52-53		
Fencing/Gates/Access Control
Repair/Paint Steel Fence - Playground	
8,956	
Repair/Paint Steel Fence - Pool	9,152	
Steel Fence Repair/Paint- Dog Park	4,982	
Landscape/Irrigation
Irrigation Control/Devices Allowance	6,664
Landscape Allowance - Etown Pkw/Amenity	22,213
Ext. Painting/Refurbish
Exterior Repair/Paint - Recharge Bld.	26,655
Steel Repair/Paint - Ext. Stairs/Rails	26,655
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	6,664	
Total for 2052 - 2053	$111,942	
Replacement Year 53-54		
Landscape/Irrigation
Irrigation Control/Devices Allowance	
6,864	
Irrigation Pump #2/Misc. Parts	57,198	
Landscape Allowance - Etown Pkw/Amenity	22,879	
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	6,864
Swimming Pool
Pool Expansion Joint Replace	27,455
Total for 2053 - 2054	$121,260

Description	Expenditures

Replacement Year 54-55 Landscape/Irrigation
Irrigation Control/Devices Allowance	7,070
Landscape Allowance - Etown Pkw/Amenity	23,566
Furniture Fixtures Equip.
Fitness Equip. Allowance (partially leased)	7,070
Total for 2054 - 2055	$37,705

This chart shows the major components included in this analysis and their percentage of total cost of replacement.

Description									
Site Components
Artificial Turf - Yoga Lawn/Pool	
2020	
32-33	
12	
0	
7	
604 Linear Feet	
18.00	
 10,872	
Site Components - Total								$10,872	
Parking Lot
Asphalt Resurfacing - Amenity Lot	
2020	
42-43	
22	
0	
17	
5,135 Square Yards	
19.90	
 102,186	
Parking Lot - Total								$102,186	
Fencing/Gates/Access Control
Chain Link Fence - Dog Park	
2020	
45-46	
25	
0	
20	
790 Linear Feet	
22.90	
18,091	
Dumpster Gates	2020	40-41	20	0	15	2 Each	3,600.00	7,200	
Repair/Paint Steel Fence - Playground	2020	36-37	8	8	11	640 Linear Feet	6.30	4,032	
Repair/Paint Steel Fence - Pool	2020	36-37	8	8	11	654 Linear Feet	6.30	4,120	
Steel Fence Repair/Paint- Dog Park	2020	36-37	8	8	11	356 Linear Feet	6.30	  2,243	
Fencing/Gates/Access Control - Total								$35,686	
Landscape/Irrigation
Irrigation Control/Devices Allowance	
2020	
25-26	
1	
0	
0	
1 Lump Sum	
3,000.00	
3,000	
Irrigation Pump #1/Misc. Parts	2020	30-31	10	0	5	1 Lump Sum	25,000.00	25,000	
Irrigation Pump #2/Misc. Parts	2024	33-34	10	0	8	1 Lump Sum	25,000.00	25,000	
Landscape Allowance - Etown Pkw/Amenity	2020	25-26	1	0	0	1 Lump Sum	10,000.00	 10,000	
Landscape/Irrigation - Total								$63,000	
Site Lighting
Light Pole Fixtures	
2020	
40-41	
20	
0	
15	
18 Each	
1,200.00	
 21,600	
Site Lighting - Total								$21,600	
Roofing
Standing Seam Metal Roof	
2020	
55-56	
35	
0	
30	
1,780 Square Feet	
15.50	
27,590	
TPO Membrane	2020	40-41	20	0	15	2,784 Square Feet	13.60	 37,862	
Roofing - Total								$65,452	
Building Components
Bar Tops - Sky Deck	
2020	
35-36	
15	
0	
10	
1 Lump Sum	
12,500.00	
12,500	
Floor Tile - Sky Deck	2020	45-46	25	0	20	1,260 Square Feet	16.60	20,916	
Refurbish Allowance - Fitness Restroom	2020	35-36	15	0	10	1 Lump Sum	6,800.00	6,800	
Refurbish Allowance - Restrooms	2020	40-41	20	0	15	1 Lump Sum	34,000.00	34,000	
Resilent Floor - Fitness Room	2020	35-36	15	0	10	1,848 Square Feet	12.00	 22,176	
Building Components - Total								$96,392	
Ext. Painting/Refurbish
Exterior Repair/Paint - Recharge Bld.	
2020	
28-29	
8	
0	
3	
1 Lump Sum	
12,000.00	
12,000	
Pergola Refurbishment Allowance	2020	40-41	20	0	15	1 Lump Sum	14,000.00	14,000	
Steel Repair/Paint - Ext. Stairs/Rails	2020	28-29	8	0	3	1 Lump Sum	12,000.00	 12,000	
Ext. Painting/Refurbish - Total								$38,000	

Description									
HVAC
Heat Pump - Fitness/Office/Restrooms	
2020	
32-33	
12	
0	
7	
1 Lump Sum	
13,500.00	
 13,500	
HVAC - Total								$13,500	
Electrical
Fire Alarm Panel	
2020	
40-41	
20	
0	
15	
1 Lump Sum	
8,200.00	
8,200	
Solar Panel Allowance	2020	38-39	18	0	13	1,080 Square Feet	14.00	 15,120	
Electrical - Total								$23,320	
Plumbing
Drinking Fountain w/Bottle Fill	
2020	
40-41	
20	
0	
15	
1 Lump Sum	
6,200.00	
 6,200	
Plumbing - Total								$6,200	
Elevators
Elevator Cab Refurbishment Allowance	
2020	
40-41	
20	
0	
15	
1 Lump Sum	
10,000.00	
10,000	
Elevator Modernization Allowance	2020	55-56	35	0	30	2 Stops	15,200.00	 30,400	
Elevators - Total								$40,400	
Furniture Fixtures Equip.
Access Control System Allowance	
2020	
35-36	
15	
0	
10	
1 Lump Sum	
8,000.00	
8,000	
Camera System Allowance	2020	30-31	5	5	5	1 Lump Sum	6,000.00	6,000	
Fitness Equip. Allowance (partially leased)	2020	25-26	1	0	0	1 Lump Sum	3,000.00	3,000	
Pool Furniture Allowance	2020	35-36	15	0	10	1 Lump Sum	40,000.00	 40,000	
Furniture Fixtures Equip. - Total								$57,000	
Swimming Pool
Concrete Pavers - Pool Deck	
2020	
55-56	
35	
0	
30	
11,248 Square Feet	
9.10	
102,357	
Pool Expansion Joint Replace	2020	32-33	7	5	7	1 Lump Sum	12,000.00	12,000	
Pool Filtration Refurbishment Allowance	2020	55-56	35	0	30	1 Lump Sum	30,000.00	30,000	
Pool Lift	2020	35-36	15	0	10	1 Each	9,000.00	9,000	
Pool Resurfacing/Tile	2020	32-33	12	0	7	6,640 Square Feet	32.00	212,480	
Shade Fabric - Pool	2020	30-31	10	0	5	995 Square Feet	8.20	8,159	
Shade Structure/Fabric - Pool	2020	40-41	20	0	15	4 Each	12,000.00	  48,000	
Swimming Pool - Total								$421,996	
Playground
Play Equipment Allowance	
2020	
35-36	
15	
0	
10	
1 Lump Sum	
75,000.00	
75,000	
Shade Fabric - Playground	2020	30-31	10	0	5	1,390 Square Feet	8.00	11,120	
Shade Structure/Fabric - Playground	2020	40-41	20	0	15	1 Lump Sum	14,600.00	  14,600	
Playground - Total								$100,720	
Dog Park
Shade Fabric - Dog Park	
2020	
30-31	
10	
0	
5	
360 Square Feet	
8.00	
2,880	
Shade Structure/Fabric - Dog Park	2020	40-41	20	0	15	2 Each	12,000.00	 24,000	
Dog Park - Total								$26,880	

Description			
Operating Expense
Asphalt Sealing	
Operating Expense	
0.00	
Misc. Repair/Paint - Gates	Operating Expense	0.00	
Park Benches/Trash Cans	Operating Expense	0.00	
Playground Mulch	Operating Expense	0.00	
Pool Filtration Partial Replacement	Operating Expense	0.00	
Pool Furniture Partial Replacement	Operating Expense	0.00	
Refurbishment - Monument Sign	Operating Expense	0.00	
Sky Deck Furniture	Operating Expense	0.00	
Television - Sky Deck Operating Expense - Total	Operating Expense	0.00	
Maintained By Others
Curbs/Walks - Outside of Amenity	
Not CDD Responsibility	
0.00	
Pond Fountains	Not CDD Responsibility	0.00	
Stormwater Ponds	Not CDD Responsibility	0.00	
Street Lights/Signage	Not CDD Responsibility	0.00	
Streets	Not CDD Responsibility	0.00	
Water/Sewer Service Maintained By Others - Total	Not CDD Responsibility	0.00	
Long Life Components
Building Foundation/Frame	
Long Life Component	
0.00	
Pool Shell	Long Life Component	0.00	
Storefront Windows/Doors - Recharge Bld.	Long Life Component	0.00	
Stormwater Pond Bank Rebuilding	Long Life Component	0.00	
Stormwater Pond Dredging	Long Life Component	0.00	
Utility Main Lines to Amenity
Long Life Components - Total	Long Life Component	0.00	

Total Asset Summary	$1,123,205

Site Components				
1003	Artificial Turf - Yoga Lawn/Pool	32-33	5-7	

Parking Lot				
1041	Asphalt Resurfacing - Amenity Lot	42-43	5-8	

Fencing/Gates/Access Control				
1055	Chain Link Fence - Dog Park	45-46	5-9	
1001	Dumpster Gates	40-41	5-9	
1053	Repair/Paint Steel Fence - Playground	36-37	5-10	
1002	Repair/Paint Steel Fence - Pool	36-37	5-11	
1054	Steel Fence Repair/Paint- Dog Park	36-37	5-12	

Landscape/Irrigation				
1013	Irrigation Control/Devices Allowance	25-26	5-14	
1044	Irrigation Pump #1/Misc. Parts	30-31	5-14	
1012	Irrigation Pump #2/Misc. Parts	33-34	5-15	
1042	Landscape Allowance - Etown Pkw/Amenity	25-26	5-15	

Site Lighting				
1019	Light Pole Fixtures	40-41	5-16	
Roofing				
1018	Standing Seam Metal Roof	55-56	5-17	
1052	TPO Membrane	40-41	5-17	

Building Components				
1024	Bar Tops - Sky Deck	35-36	5-18	
1025	Floor Tile - Sky Deck	45-46	5-18	
1033	Refurbish Allowance - Fitness Restroom	35-36	5-19	
1030	Refurbish Allowance - Restrooms	40-41	5-20	
1031	Resilent Floor - Fitness Room	35-36	5-21	

Ext. Painting/Refurbish				
1049	Exterior Repair/Paint - Recharge Bld.	28-29	5-23	
1027	Pergola Refurbishment Allowance	40-41	5-23	
1020	Steel Repair/Paint - Ext. Stairs/Rails	28-29	5-24	

HVAC				
1032	Heat Pump - Fitness/Office/Restrooms	32-33	5-26	

Electrical				
1022	Fire Alarm Panel	40-41	5-27	
1021	Solar Panel Allowance	38-39	5-27	

Plumbing				
1029	Drinking Fountain w/Bottle Fill	40-41	5-29	

Elevators				
1017	Elevator Cab Refurbishment Allowance	40-41	5-30	
1016	Elevator Modernization Allowance	55-56	5-30	

Furniture Fixtures Equip.				
1035	Access Control System Allowance	35-36	5-32	
1034	Camera System Allowance	30-31	5-32	
1036	Fitness Equip. Allowance (partially leased)	25-26	5-32	
1005	Pool Furniture Allowance	35-36	5-33	

Swimming Pool				
1007	Concrete Pavers - Pool Deck	55-56	5-34	
1037	Pool Expansion Joint Replace	32-33	5-34	
1014	Pool Filtration Refurbishment Allowance	55-56	5-35	
1051	Pool Lift	35-36	5-36	
1004	Pool Resurfacing/Tile	32-33	5-37	
1009	Shade Fabric - Pool	30-31	5-38	
1008	Shade Structure/Fabric - Pool	40-41	5-39	

Playground				
1040	Play Equipment Allowance	35-36	5-41	
1057	Shade Fabric - Playground	30-31	5-41	
1010	Shade Structure/Fabric - Playground	40-41	5-42	

Dog Park				
1058	Shade Fabric - Dog Park	30-31	5-44	
1011	Shade Structure/Fabric - Dog Park	40-41	5-44	

Operating Expense
Asphalt Sealing	25-26	5-46	
Misc. Repair/Paint - Gates	25-26	5-46	
Park Benches/Trash Cans	25-26	5-47	
Playground Mulch	25-26	5-48	
Pool Filtration Partial Replacement	25-26	5-49	
Pool Furniture Partial Replacement	25-26	5-50	
Refurbishment - Monument Sign	25-26	5-51	
Sky Deck Furniture	25-26	5-52	
Television - Sky Deck	25-26	5-53	

Maintained By Others
Curbs/Walks - Outside of Amenity	25-26	5-55	
Pond Fountains	25-26	5-55	
Stormwater Ponds	25-26	5-55	
Street Lights/Signage	25-26	5-55	
Streets	25-26	5-56	
Water/Sewer Service	25-26	5-56	

Long Life Components
Building Foundation/Frame	25-26	5-57	
Pool Shell	25-26	5-57	
Storefront Windows/Doors - Recharge Bld.	25-26	5-57	
Stormwater Pond Bank Rebuilding	25-26	5-58	
Stormwater Pond Dredging	25-26	5-58	
Utility Main Lines to Amenity	25-26	5-59	

Total Funded Assets	
44		
Total Unfunded Assets	 0		
Total Assets	44		

	604 Linear Feet	@ $18.00		
Asset ID	1003	Asset Actual Cost	$10,872.00	
		Percent Replacement	100%	
Category	Site Components	Future Cost	$13,371.19	
Placed in Service	December 2020			
Useful Life	12			
Replacement Year	32-33			
Remaining Life	7			

		5,135 Square Yards	@ $19.90	
Asset ID	1041	Asset Actual Cost	$102,186.50	
		Percent Replacement	100%	
Category	Parking Lot	Future Cost	$168,898.71	
Placed in Service	December 2020			
Useful Life	22			
Replacement Year	42-43			
Remaining Life	17			

Includes milling and 11/2" overlay

Asset ID	1055	790 Linear Feet Asset Actual Cost	@ $22.90
$18,091.00	
	Percent Replacement	100%	
CaFteegnocrinyg/Gates/Access Control	Future Cost	$32,674.36	
Placed in Service	December 2020		
Useful Life	25		
Replacement Year	45-46		
Remaining Life	20		

Asset ID	1001	Asset Actual Cost	$7,200.00
	Percent Replacement	100%		
CaFteegnocrinyg/Gates/Access	Control	Future Cost	$11,217.36	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

Dumpster Gates continued...

Asset ID	1053	640 Linear Feet
Asset Actual Cost	@ $6.30
$4,032.00	
		Percent Replacement	100%	
CaFteegnocrinyg/Gates/Access	Control	Future Cost	$5,581.23	
Placed in Service	December 2020			
Useful Life	8			
Adjustment	8			
Replacement Year	36-37			
Remaining Life	11			

Repair/Paint Steel Fence - Playground continued...

Asset ID	1002	654 Linear Feet
Asset Actual Cost	@ $6.30
$4,120.20	
		Percent Replacement	100%	
CaFteegnocrinyg/Gates/Access	Control	Future Cost	$5,703.32	
Placed in Service	December 2020			
Useful Life	8			
Adjustment	8			
Replacement Year	36-37			
Remaining Life	11			

Repair/Paint Steel Fence - Pool continued...

Asset ID	1054	356 Linear Feet
Asset Actual Cost	@ $6.30
$2,242.80	
		Percent Replacement	100%	
CaFteegnocrinyg/Gates/Access	Control	Future Cost	$3,104.56	
Placed in Service	December 2020			
Useful Life	8			
Adjustment	8			
Replacement Year	36-37			
Remaining Life	11			

Steel Fence Repair/Paint- Dog Park continued...

Asset ID	1013
Category	Landscape/Irrigation Placed in Service		December 2020 Useful Life			1
Replacement Year	25-26
Remaining Life	0
1 Lump Sum	@ $3,000.00 Asset Actual Cost		$3,000.00
Percent Replacement	100%
Future Cost	$3,000.00

	1 Lump Sum	@ $25,000.00		
Asset ID	1044	Asset Actual Cost	$25,000.00	
		Percent Replacement	100%	
Category	Landscape/Irrigation	Future Cost	$28,981.85	
Placed in Service	December 2020			
Useful Life	10			
Replacement Year	30-31			
Remaining Life	5			

		1 Lump Sum	@ $25,000.00	
Asset ID	1012	Asset Actual Cost	$25,000.00	
		Percent Replacement	100%	
Category	Landscape/Irrigation	Future Cost	$31,669.25	
Placed in Service	May 2024			
Useful Life	10			
Replacement Year	33-34			
Remaining Life	8			

	1 Lump Sum	@ $10,000.00		
Asset ID	1042	Asset Actual Cost	$10,000.00	
		Percent Replacement	100%	
Category	Landscape/Irrigation	Future Cost	$10,000.00	
Placed in Service	December 2020			
Useful Life	1			
Replacement Year	25-26			
Remaining Life	0			

Asset ID	1018
Category		Roofing Placed in Service	December 2020 Useful Life			35
Replacement Year	55-56
Remaining Life	30
Asset Actual Cost	$27,590.00
Percent Replacement	100%
Future Cost	$66,968.17

Asset ID	1052	Asset Actual Cost	$37,862.40	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$58,988.38	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

Asset ID	1024
Category Building Components Placed in Service	December 2020 Useful Life		15
Replacement Year	35-36
Remaining Life	10

Floor Tile - Sky Deck - 2045
Asset ID	1025
Category Building Components Placed in Service	December 2020 Useful Life		25
Replacement Year	45-46
Remaining Life	20
Asset Actual Cost	$12,500.00
Percent Replacement	100%
Future Cost	$16,798.95

1,260 Square Feet		@ $16.60 Asset Actual Cost	$20,916.00 Percent Replacement			100%
Future Cost	$37,776.62

Floor Tile - Sky Deck continued...

	1 Lump Sum	@ $6,800.00		
Asset ID	1033	Asset Actual Cost	$6,800.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$9,138.63	
Placed in Service	December 2020			
Useful Life	15			
Replacement Year	35-36			
Remaining Life	10			

Refurbish Allowance - Fitness Restroom continued...

		1 Lump Sum	@ $34,000.00	
Asset ID	1030	Asset Actual Cost	$34,000.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$52,970.89	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

Refurbish Allowance - Restrooms continued...

Restrooms have sealed concrete floor and painted CMU walls. Refurbishment includes toilet partitions, fixtures and painting.

Asset ID	1031
Category Building Components Placed in Service	December 2020 Useful Life		15
Replacement Year	35-36
Remaining Life	10
1,848 Square Feet		@ $12.00 Asset Actual Cost	$22,176.00 Percent Replacement			100%
Future Cost	$29,802.69
Resilent Floor - Fitness Room continued...

	1 Lump Sum	@ $12,000.00		
Asset ID	1049	Asset Actual Cost	$12,000.00	
		Percent Replacement	100%	
Category Ext.	Painting/Refurbish	Future Cost	$13,112.72	
Placed in Service	December 2020			
Useful Life	8			
Replacement Year	28-29			
Remaining Life	3			

	1 Lump Sum	@ $14,000.00		
Asset ID	1027	Asset Actual Cost	$14,000.00	
		Percent Replacement	100%	
Category Ext.	Painting/Refurbish	Future Cost	$21,811.54	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

Pergola Refurbishment Allowance continued...

		1 Lump Sum	@ $12,000.00	
Asset ID	1020	Asset Actual Cost	$12,000.00	
		Percent Replacement	100%	
Category Ext.	Painting/Refurbish	Future Cost	$13,112.72	
Placed in Service	December 2020			
Useful Life	8			
Replacement Year	28-29			
Remaining Life	3			

Steel Repair/Paint - Ext. Stairs/Rails continued...

	1 Lump Sum	@ $13,500.00		
Asset ID	1032	Asset Actual Cost	$13,500.00	
		Percent Replacement	100%	
Category	HVAC	Future Cost	$16,603.30	
Placed in Service	December 2020			
Useful Life	12			
Replacement Year	32-33			
Remaining Life	7			

7.5 Ton unit

Fire Alarm Panel - 2040		1 Lump Sum	@ $8,200.00	
Asset ID	1022	Asset Actual Cost	$8,200.00	
		Percent Replacement	100%	
Category	Electrical	Future Cost	$12,775.33	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

Asset ID	1021
Category		Electrical Placed in Service	December 2020 Useful Life			18
Replacement Year	38-39
Remaining Life	13
Asset Actual Cost	$15,120.00
Percent Replacement	100%
Future Cost	$22,204.23

Solar Panel Allowance continued...

	1 Lump Sum	@ $6,200.00		
Asset ID	1029	Asset Actual Cost	$6,200.00	
		Percent Replacement	100%	
Category	Plumbing	Future Cost	$9,659.40	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

		1 Lump Sum	@ $10,000.00	
Asset ID	1017	Asset Actual Cost	$10,000.00	
		Percent Replacement	100%	
Category	Elevators	Future Cost	$15,579.67	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

	2 Stops	@ $15,200.00		
Asset ID	1016	Asset Actual Cost	$30,400.00	
		Percent Replacement	100%	
Category	Elevators	Future Cost	$73,788.78	
Placed in Service	December 2020			
Useful Life	35			
Replacement Year	55-56			
Remaining Life	30			

Elevator Modernization Allowance continued...

Asset ID	1035	1 Lump Sum
Asset Actual Cost	@ $8,000.00
$8,000.00	
		Percent Replacement	100%	
CategorFyurniture Fixtures	Equip.	Future Cost	$10,751.33	
Placed in Service	December 2020			
Useful Life	15			
Replacement Year	35-36			
Remaining Life	10			
Access control system repair is assumed an operating expense with replacement of major components at the 15 year age.

Asset ID	1034	Asset Actual Cost	$6,000.00	
		Percent Replacement	100%	
CategorFyurniture Fixtures	Equip.	Future Cost	$6,955.64	
Placed in Service	December 2020			
Useful Life	5			
Adjustment	5			
Replacement Year	30-31			
Remaining Life	5			
Camera system repair is assumed an operating expense with replacement of some components on a 5 year cycle.

Asset ID	1036	1 Lump Sum
Asset Actual Cost	@ $3,000.00
$3,000.00	
		Percent Replacement	100%	
CategorFyurniture Fixtures	Equip.	Future Cost	$3,000.00	
Placed in Service	December 2020			
Useful Life	1			
Replacement Year	25-26			
Remaining Life	0			
Fitness equipment is partially leased. Management indicated the District anticipates taking ownership next year of all equipment therefore an allownace for annual repair/replacement is included.

Asset ID	1005	Asset Actual Cost	$40,000.00
	Percent Replacement	100%		
CategorFyurniture Fixtures	Equip.	Future Cost	$53,756.65	
Placed in Service	December 2020			
Useful Life	15			
Replacement Year	35-36			
Remaining Life	10			

	11,248 Square Feet	@ $9.10		
Asset ID	1007	Asset Actual Cost	$102,356.80	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$248,446.82	
Placed in Service	December 2020			
Useful Life	35			
Replacement Year	55-56			
Remaining Life	30			

	1 Lump Sum	@ $12,000.00		
Asset ID	1037	Asset Actual Cost	$12,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$14,758.49	
Placed in Service	December 2020			
Useful Life	7			
Adjustment	5			
Replacement Year	32-33			
Remaining Life	7			

Pool Expansion Joint Replace continued...

		1 Lump Sum	@ $30,000.00	
Asset ID	1014	Asset Actual Cost	$30,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$72,817.87	
Placed in Service	December 2020			
Useful Life	35			
Replacement Year	55-56			
Remaining Life	30			

Pool Filtration Refurbishment Allowance continued...

Pool Lift - 2035		1 Each	@ $9,000.00	
Asset ID	1051	Asset Actual Cost	$9,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$12,095.25	
Placed in Service	December 2020			
Useful Life	15			
Replacement Year	35-36			
Remaining Life	10			

Pool Lift continued...

Asset ID	1004
Category	Swimming Pool Placed in Service	 December 2020 Useful Life		12
Replacement Year	32-33
Remaining Life	7
Asset Actual Cost	$212,480.00
Percent Replacement		100% Future Cost	$261,323.60
Pool Resurfacing/Tile continued...

Asset ID	1009

Category	Swimming Pool Placed in Service	 December 2020 Useful Life		10
Replacement Year	30-31
Remaining Life	5

Asset Actual Cost	$8,159.00
Percent Replacement	100%
Future Cost	$9,458.52

Shade Fabric - Pool continued...

Asset ID	1008	Asset Actual Cost	$48,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$74,782.44	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

Shade Structure/Fabric - Pool continued...

Asset ID	1040
Category		Playground Placed in Service	December 2020 Useful Life			15
Replacement Year	35-36
Remaining Life	10

Asset ID	1057
Category		Playground Placed in Service	December 2020 Useful Life			10
Replacement Year	30-31
Remaining Life	5
Asset Actual Cost	$75,000.00
Percent Replacement		100% Future Cost	$100,793.73

Asset Actual Cost	$11,120.00 Percent Replacement		100%
Future Cost	$12,891.13

Shade Fabric - Playground continued...

	1 Lump Sum	@ $14,600.00		
Asset ID	1010	Asset Actual Cost	$14,600.00	
		Percent Replacement	100%	
Category	Playground	Future Cost	$22,746.32	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

Shade Structure/Fabric - Playground continued...

Asset ID	1058
Category		Dog Park Placed in Service	December 2020 Useful Life			10
Replacement Year	30-31
Remaining Life	5
Asset Actual Cost	$2,880.00
Percent Replacement	100%
Future Cost	$3,338.71

Asset ID	1011	Asset Actual Cost	$24,000.00	
		Percent Replacement	100%	
Category	Dog Park	Future Cost	$37,391.22	
Placed in Service	December 2020			
Useful Life	20			
Replacement Year	40-41			
Remaining Life	15			

Shade Structure/Fabric - Dog Park continued...

Asset ID

Category	Operating Expense Placed in Service		December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Operating Expense

Asset ID

Category	Operating Expense Placed in Service		December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Misc. Repair/Paint - Gates continued...

Operating Expense

Asset ID

Category	Operating Expense Placed in Service		December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Park Benches/Trash Cans continued...

Operating Expense

Asset ID

Category	Operating Expense Placed in Service		December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Playground Mulch continued...

Operating Expense

Asset ID

Category	Operating Expense Placed in Service		December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Pool Filtration Partial Replacement continued...

Operating Expense

Asset ID

Category	Operating Expense Placed in Service		December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Pool Furniture Partial Replacement continued...

Operating Expense

Asset ID

Category	Operating Expense Placed in Service		December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Refurbishment - Monument Sign continued...

Operating Expense

Asset ID

Category	Operating Expense Placed in Service		December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Sky Deck Furniture continued...

Operating Expense

Asset ID

Category	Operating Expense Placed in Service		December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Television - Sky Deck continued...

Operating Expense

Asset ID

Category Maintained By Others Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Asset ID

Category Maintained By Others Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Asset ID

Category Maintained By Others Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Asset ID

Category Maintained By Others Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Asset ID

Category Maintained By Others Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Asset ID

Category Maintained By Others Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Asset ID

Category Long Life Components Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component

Asset ID

Category Long Life Components Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component

Asset ID

Category Long Life Components Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Storefront Windows/Doors - Recharge Bld. continued...

Long Life Component

Asset ID

Category Long Life Components Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component

Asset ID

Category Long Life Components Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component

Asset ID

Category Long Life Components Placed in Service	December 2020
No Useful Life
Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component
Report Navigation
	•	Executive Summary provides information about projected year end reserve balance, current annual contribution, interest, and inflation rates:
	•	Level of Service is the type of reserve study
	•	Funding Method is either Cash Flow or Component Funding
	•	Funding Goal is the funding plan the Association has or one we recommend
	•	Fully Funded Reserve Balance is the 100% balance to begin fully funded
	•	Full Funding Contribution is the year one contribution to maintain full funding
	•	Current Funding Plan currently used by the District
	•	Recommended Funding Plan maintains adequate funding
	•	Funding Model Projections include both your current plan and our recommended plan. The information included in each column is described below:
	•	Year begins with your study year generally for a 30-year term
	•	Current cost is the current replacement of all components
	•	Annual contribution is the amount placed in reserves each year
	•	Annual interest earned on your funds
	•	Annual expenditures are the projected component replacement cost by year
	•	Projected ending balance is the year end reserve fund balance
	•	Fully funded reserves are the fully funded balance for that year. Fully Funded formula is Fully Funded Balance= Component cost x Age/Useful Life
	•	Percent Funded is a measure of fund strength
	•	Current Funding Projection is your current funding plan and how it performs
	•	Recommended Funding Model Projection is the plan we recommend
	•	Cash Flow is a 30-year statement that provides both income and expense information to quickly find when expenditures occur and the resulting financial status of your reserves
	•	Annual Expenditure Detail provides a year to year list of your projected expenditures This is a good section to review each year when preparing your budgets
	•	Condition Assessment is a brief description of major component condition
	•	Component Inventory contains a list of your components, remaining useful life and quantities we determined from our site visit and other means of measurement
	•	Component Detail Index allows quick access to the detail we have included for each component separated into categories
	•	Component Detail provides a listing of each component, quantities or allowances and photographs of major ones
	•	Methodology - Terms of Service – Company Profile are our Disclosure sections with information about our assumptions, methods of work and our credentials
Important Information
Level of Service: Level I Full Reserve Study with a site visit, Level II Update with a site visit or Level III Financial Update with no site visit as defined by the National Reserve Study Standards established by the Community Associations Institute. Component quantity, condition and projected remaining useful life were determined with a visual inspection by the Analyst if a site visit was conducted.

Purpose: This study provides an inventory of major components above a threshold value as determined by the District that require regular replacement and a plan to fund them.

Basis: Our analysis follows the guidelines for Reserve Studies established by the Association of Professional Reserve Analysts (APRA) and the Community Associations Institute (CAI). Components included in this analysis generally meet the following criteria:
	•	Component must be owned or maintained by the District
	•	Component must have a limited life
	•	Component must have a predictable useful life
	•	Component must have a replacement cost above a threshold cost
These guidelines limit reserve components to predictable expenses and do not consider large expenses such as stormwater systems or dredging of the stormwater ponds. While their replacement cost and remaining, useful life may not be predictable they can be expensive, therefore we recommend an allowance be applied for funding which can be adjusted at each update.
Useful life and remaining useful life projections are determined by our visual inspection of each component, our experience with similar communities, your historical records and if required vendor evaluation. The District may have experienced some replacement cycles for various components with historical cost therefore this information is considered in our analysis. Each cost and useful life was reviewed and compared to similar project we have completed and adjusted as needed. Components with replacement cost over $1,000 are typically included.
The various component replacement cycles experienced by the District are driven by the level of quality required by the community, cost of maintenance vs replacement, existing condition, and use. All useful life projections found in this analysis are in the acceptable range for this specific type of community.
Replacement cost for components is driven by local market conditions and available of similar materials. Many components have included repair and refurbishment to extend their useful life and reduce holding cost over time
Funding Goal: The Association may elect for the following goals
	•	Fully Funded Reserve – 100% funding for each component
	•	Threshold Funded Reserve – Annual ending balances are maintained above an adequate or “Threshold” level.
Funding Methods: Reserve analysis typically uses two methods of determining necessary funding levels for component replacement; the Component Method the Cash Flow Method.

	•	The Component Method provides a reserve contribution amount by estimating the current replacement cost for each component, subtracting that component’s current balance which provides the unfunded balance then dividing that total by the number of remaining years of useful life. Each component’s contribution is then total for the annual contribution. This method includes inflation of replacement cost and interest on invested funds and provides the least risk of deferred maintenance or special assessment.

	•	Another version of the Component Method is referred to as “Straight Line Method” which follows the same calculation as above but does not consider interest on funds or inflation on replacement cost. This method only provides a one-year contribution amount and may result in large changes in annual contribution from year to year.

	•	The Cash Flow Method or pooled method of reserve funding uses the same calculation as the Component Method to determine full funding but rather than 100% funding this method maintains a minimum year-end balance or percent funded that is acceptable to the District. While this method requires lower contributions, it does have an increased measure of risk for deferred maintenance or special assessment. Managing that risk can be accomplished by annual updates to address changes in inflation and interest rates and component remaining useful life.

	•	Cash Flow Method Models include the Current Assessment Funding Model (AFM) and the Threshold Funding Model (TFM) among others.

	•	The AFM Model illustrates the current funding projections adopted by the District and how these perform over time. This model is also used to develop a funding plan with annual contributions entered for each year which allows a custom funding plan.

	•	The TFM maintains minimum annual balances or percent funded which are determined by the Analyst or requested by the District. The year with the lowest ending balance is considered the “Threshold Year” for the total funding plan period. This method does not fully fund reserves and has a higher risk of deferred maintenance or special assessment than full funding requiring annual updates.

Conclusion
There are several factors to consider when determining reserve funding levels that include maintaining the quality and value of the community, the ability of the District to respond to unpredictable component failures and to maintain an acceptable level of risk. Full funding provides the lowest risk of deferred maintenance or special assessment but requires large contributions.
METHODOLOGY
Reserve Analysis is a process that identifies capital expenses the District can expect and creates a plan to fund them. This is accomplished by a site visit to visually evaluate components to measure quantities and determine their remaining life. Component Selection Process is based on the Community Associations Institute (CAI) standards for reserve studies and selection of components.
Component must be a commonly owned, have a limited and predictable life, replacement cost must be above a minimum threshold cost. Useful life and replacement cost are obtained from site inspection by experienced inspectors and our database of information, historical information, local Vendors and comparison of similar component cost found at other properties.
The funding plan we develop includes; adequate cash balances, even contributions so all owners pay their fair share over time and moderate contributions with acceptable increases. We recommend Adequate Funding to avoid deferred maintenance or special assessments. Baseline Funding maintains funds above zero resulting is a high risk of special assessments or deferred maintenance and should be avoided. Threshold Funding maintains reserves above a “Threshold” level providing adequate funding with moderate risk.
CREDENTIALS
Community Advisors, LLC provides capital reserve planning, property inspection, and construction oversight for a broad base of clients including High-rise Condominiums, Homeowner Associations, Churches, Private Schools, Time Shares, Active Adult, Municipal Utility Plants, Marinas, Historic Buildings & Museums and commercial investment properties.
Personal Service is not a common business practice but our attention to detail, quick response and interest in client relationships continues to earn us a larger market share of work each year.
Range of Experience includes a broad selection of building types, ages and uses from protected historic structures to new communities ready for developer turnover. As commercial general contractors we have experience building many of the types of structure we now provide reserve analysis for, so we understand potential problem areas. As commercial inspectors we have experienced a variety of structural and cosmetic conditions offering solutions for repair. Areas of expertise include MEP systems, energy management, life safety systems, building envelope and roof components, marine structures, street and other site improvements.
Detailed Site Evaluation is Conducted to make sure we know your property and include all your assets in our analysis. With our years of experience with community development and commercial construction projects we understand both horizontal and vertical construction and utilize realistic replacement cost and useful life projections in our analysis.Financial Plan Meets CAI & APRA Standards with information obtained during the site visit we build a custom-made financial plan to ensure adequate funding for future component replacement which equates to maintaining community value.
Reserve Analyst Credentials: Mr. Charles Sheppard is the owner of Community Advisors responsible for field inspection oversight and day to day operations. Mr. Sheppard hold a BS degree from VA Tech and has conducted building evaluations for over 30 years. He is a licensed Florida General Contractor, Home Inspector and earned the professional designations of Certified Construction Inspector (CCI), Professional Reserve Analyst (PRA) and Reserve Specialist (RS).
TERMS OF SERVICE

We have completed an analysis of your capital components that serves as a budgeting tool. This reserve study reflects the information provided by this client and is not for the purposes of performing an audit or estimating construction projects. Our site visit includes visual observation of components that are accessible and safe for our inspectors to evaluate. Roof evaluation is limited to ground observation for sloped roofs and roof top inspection for flat roofs if safe and stable access is available that meets our safety standards.
We are not responsible for any hidden defects or determining the condition of hidden or underground components or systems. Observing environmental conditions, hazardous materials or determine compliance with building codes or other regulations is not included in our scope of work. Our site visit is not a safety inspection and we are not responsible for any hazards that exist. Destructive testing is not conducted. It has been assumed, unless otherwise noted in this report, that all assets have been designed and constructed properly and that each estimated useful life will approximate that of the norm per industry standards and/or manufacturer’s specifications.
Projections of component remaining useful life assumes this client will perform necessary preventative maintenance and repair per industry standards. This reserve analysis study and the parameters under which it has been completed are based upon information provided to us in part by the Client and its contractors, assorted vendors, specialist and independent contractors. Reserve fund balances and contribution amounts for use in our analysis is furnished by the client and deemed accurate. Useful life projections are determined by historical records, component condition and our opinion based on evaluating similar components on other projects. These life projections are changed by weather conditions, use, maintenance procedures and other factors out of our control therefore regular updates to this analysis are needed to maintain funding accuracy. Replacement cost is determined by our experience with similar projects, local vendor pricing and client historical records and should not be considered suitable for budgeting repair or replacement projects. Local contractor proposals must be obtained for this work. No liability is assumed as the result of changing market prices or inaccurate estimates or projections of remaining useful life of components.
Component replacement cost and interest rates constantly change. In order to maintain accuracy of your funding plan updates to this analysis should be conducted annually with a site visit every 2-3 years unless conditions warrant annual visits. Community Advisors, LLC shall not be required to participate in any legal action taken by or against our clients for any reason and shall also not be required to give testimony in depositions or in court. In all cases the liability of Community Advisors, LLC and its Principals, Employees, contractors and Vendors shall be limited to the consulting fee agreed upon for the production of this report. Client financial information is considered confidential and is not disclosed to third parties without your approval. We do use your name for our list of valued clients and when submitting proposals for new projects that request references or recent projects.
That request may include size of property, number of units or major components. We also use photos from time to time of components as an example for educational and marketing efforts. Community Advisors and the analyst who prepared this study do not have any relationship that can be considered a conflict of interest. From time to time our Clients ask that we manage repair or replacement of components due to our experience in construction management. We do so with the understanding that full disclosure for both parties is completed.
DEFINITIONS

Adjustment to Useful Life: Typical useful life projections are used for each component. The adjustment is used to modify that life projection for earlier or later replacement. It only applies to the current replacement cycle.

Cash Flow Method: A method of determining reserve contributions that are “pooled” to fund replacement cost as needed without restricting funds to any one component.

Component Method: A funding method that fully funds each reserve component then sums those for the annual contribution.

Current Funding Plan: The funding plan currently used at the time of this analysis with updated component inventory and financial assumptions. This allows you to see how the current contribution level funds future component replacement.

Effective Age: Difference of useful and remaining useful life.

Fully Funded Balance: Represents the cost of used component life represented by the formula.
FFB = (Current Cost x Effective Age)/ Useful Life

Interest Contribution: The interest that should be earned on invested reserves.

Percent Funded: Ratio of reserve balance to fully funded balance.

Remaining Life: Number of years a component is projected to continue to function.

Threshold Funding: This plan maintains fund balance above a predetermined threshold dollar or percent funded amount.
Useful Life: The estimated useful life of an asset based upon industry standards, manufacturer specification, visual inspection, location, usage, association standards and prior history.

SIXTH ORDER OF BUSINESS
RESOLUTION 2025-04
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026 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, 2025, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026”); 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:
	1.	PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2025/2026 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
	2.	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 22, 2025
HOUR:	1:00 p.m.
LOCATION:	Southeast Regional Library 10599 Deerwood Park Boulevard Jacksonville, Florida 32256
	1.	TRANSMITTAL	OF	PROPOSED	BUDGET	TO	LOCAL	GENERAL	PURPOSE
GOVERNMENT. 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.

	1.	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.
	2.	PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.
	3.	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.
	4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 20th DAY OF MAY, 2025.

ATTEST:	CYPRESS BLUFF COMMUNITY
DEVELOPMENT DISTRICT

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

Exhibit A:	Fiscal Year 2025/2026 Proposed Budget
Exhibit A
Fiscal Year 2025/2026 Proposed Budget

Cypress Bluff

Community Development District

Proposed Budget
FY2026

Presented by:

Table of Contents

1-2		General Fund	

3-6	
	Narratives	

7	
	Debt Service Fund Series 2019	

8	
	Amortization Schedule Series 2019	

9	
	Debt Service Fund Series 2020	

10	
	Amortization Schedule Series 2020	

11	
	Debt Service Fund Series 2020A	

12	
	Amortization Schedule Series 2020A	

13	
	Debt Service Fund Series 2021	

14	
	Amortization Schedule Series 2021	

15	
	Assessment Schedule	

16	
	Capital Reserve Fund	

REVENUES:						
Special Assessments	$	1,196,190	$	1,187,385	$	8,805	$  1,196,190	$  1,339,699	
Interest income	5,000	9,752	4,500	14,252	10,000	
Other Revenues (Event Fees)	20,000	10,759	9,241	20,000	20,000	
TOTAL REVENUES	$ 1,221,190	$ 1,207,895	$	22,546	$ 1,230,442	$ 1,369,699	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	12,000	$	4,200	$	5,000	$	9,200	$	12,000	
FICA Expense	918	321	383	704	918	
Engineering	5,000	4,645	4,500	9,145	9,500	
Arbitrage Rebate	2,400	1,200	1,200	2,400	2,400	
Dissemination Agent	7,590	4,528	3,062	7,590	7,969	
Attorney	13,000	3,992	9,008	13,000	13,000	
Annual Audit	6,500	3,500	3,000	6,500	6,500	
Assessment Roll Administration	11,236	11,236	-	11,236	11,798	
Trustee Fees	20,500	22,158	-	22,158	23,000	
Management Fees	55,214	32,208	23,006	55,214	57,974	
Information Technology	2,809	1,639	1,170	2,809	2,949	
Website Maintenance	1,405	820	585	1,405	1,475	
Telephone	500	44	456	500	500	
Postage & Delevery	1,500	750	150	900	1,500	
Printing & Binding	2,500	793	150	943	2,500	
Insurance General Liability	6,817	6,631	-	6,631	7,460	
Legal Advertising	2,500	1,050	1,450	2,500	2,500	
Other Current Charges	500	10	500	510	500	
Office Supplies	600	81	519	600	600	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	153,663	$	99,980	$	54,139	$  154,119	$  165,218	

Operations & Maintenance						
Grounds Maintenance						
Lake Maintenance	$	1,500	$	700	$	500	$	1,200	$	1,500	
Landscape Maintenance	408,925	238,540	170,385	408,925	417,103	
Landscape Contingency	13,000	5,906	5,000	10,906	13,000	
Pump Maintenance	3,550	-	2,500	2,500	3,550	
Water & Sewer	26,720	18,928	6,000	24,928	32,500	
Irrigation Repairs	7,500	5,930	2,500	8,430	10,000	
Pest Control	2,400	1,244	1,156	2,400	2,400	
Environmental Permit/Monitoring	20,000	-	20,000	20,000	20,000	
Other Repairs and Maintenance	5,000	-	5,000	5,000	5,000	
TOTAL GROUNDS MAINTENANCE	$	488,595	$	271,247	$	213,041	$  484,288	$  505,053	

Amenity Expenditures						
Insurance	$	60,517	$	56,563	$	-	$	56,563	$	61,650	
Amenity Manager (Vesta)	130,127	75,907	49,215	125,122	134,031	
Pool Maintenance (Vesta)	9,876	5,761	4,115	9,876	10,172	
Pool Chemicals (Vesta)	16,649	9,712	6,937	16,649	17,148	
Facility Attendant (Vesta)	77,761	45,361	32,400	77,761	98,500	
Janitorial Services (Vesta)	12,950	7,554	5,396	12,950	13,339	
Refuse	2,160	1,144	1,016	2,160	2,160	
Security and Gate Maintenance	10,000	1,260	8,740	10,000	10,000	
Security Patrol	-	-	-	-	20,000	
Facility Maintenance (Vesta)	20,764	12,112	8,652	20,764	21,387	
Elevator Maintenance	5,000	3,894	1,106	5,000	5,000	
Electric	27,060	11,575	6,000	17,575	20,940	
Cable and Internet	13,200	7,931	7,069	15,000	15,600	
Licenses and Permits	1,000	-	1,000	1,000	1,000	
Repairs & Maintenance	45,000	39,566	40,000	79,566	80,000	
Special Events	35,000	19,047	15,953	35,000	35,000	
Holiday Decorations	1,500	1,019	481	1,500	1,500	
Fitness Center R&M	18,000	11,426	8,574	20,000	20,000	
Fitness Equipment Rentals	25,368	5,074	-	5,074	-	
Reserve for Amenities	55,000	19,450	35,550	55,000	100,000	
Mobile Application	9,000	3,750	5,250	9,000	9,000	
Other Current Charges	3,000	-	3,000	3,000	3,000	
TOTAL AMENITY EXPENDITURES	$	578,932	$	338,107	$	240,452	$  578,559	$  679,427	

Capital Reserve						
Capital Reserve Funding	$	-	$	-	$	-	$	-	$	20,000	
TOTAL CAPITAL RESERVE	$	-	$	-	$	-	$	-	$	20,000	
						
TOTAL EXPENDITURES	$ 1,221,190	$	709,334	$	507,633	$ 1,216,967	$ 1,369,699	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	498,561	$  (485,086)	$	13,475	$	-	

Special Assessments-Tax Roll
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.
Interest Income
The District earns interest on the monthly average collected balance for each of their investment accounts.
Other Revenues (Event Fees)
Income received from resident rental of Rooftop patio, amenity access fobs, fitness class, etc.

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 12 meetings.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
Engineering
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 Rebate
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 Agent
The District is required by the Security and Exchange Commission 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 Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
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. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
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
New internet and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Insurance General Liability
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 and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Lake Maintenance
Maintenance costs to maintain lakes and control vegetation and algae. The District currently uses Clear Waters, Inc. and Aerostar SES for storm water inspection services.
Landscape Maintenance
The District has contracted with Sun State Nursery & Landscaping Estimated costs related to maintain the common areas of the District.
Vendor	Decription	Monthly	Annual
Sun State Nursery & Landscaping	E-Town Area 1, 2 & 3
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
$	34,759  $
417,103
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	$	70	$	840	
P405621600-Water	11399 Square ST Apt IR01	900	10,800	
88781372-Water	10571 E-Town PY	100	1,200	
88634656-Irrigation	10571 E-Town PY	1,400	16,800	
88781372-Sewer	10571 E-Town PY	130	1,560	
	Contingency		1,300	
	Total	$	2,600	$	32,500	
Irrigation Repairs
Estimated miscellaneous irrigation maintenance and repair costs.

Pest Control
The estimated costs for Turner ‘s Pest Control to provide monthly pest control services.
Vendor	Decription	Monthly	Annual
Turner Pest Control	Pest Contol
Environmental Permit/Monitoring
$	200  $
2,400
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 & Maintenance
Estimated costs for other repairs and maintenance incurred by the district.

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 (Vesta)
The District contracted with Vesta Property Services to provide management services for the Amenity Center.
Pool Maintenance (Vesta)
The District has contracted with Vesta to maintain the Amenity swimming pools.
Pool Chemicals (Vesta)
The District has contracted with Vesta for purchase and delivery of pool chemicals for the maintenance of the Amenity Center swimming pools.
Facility Attendant (Vesta)
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 (Vesta)
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	Decription	Monthly	Annual
Waste Pro	Refuse
Security and Gate Maintenance
Estimated maintenance costs of the security cameras and gate.
Security Patrol
$	180  $
2,160
Estimates costs for security patrols and mileage reimbursement on District property for off-duty patrols.
Facility Maintenance (Vesta)
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	$	30	$	360	
23679519	11145 Square ST Apt IR01	140	1,680	
24059037	11399 Square St Apt IR02	30	360	
22972246	10505 E-Town PY Apt IR01	30	360	
21277318	10571 E-Town PY	700	8,400	
23408499	11399 Square St Apt IR03	800	9,600	
	Contingency	15	180	
	Total	$	1,745	$	20,940	

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)	$	750	$	9,000	
8495741213305080	10571 E-Town Pkwy (Outdoor)	550	6,600	
	Total	$	1,300	$	15,600	
Licenses 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.
Repairs & Maintenance
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.
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.

General Reserves
Establishment of general reserve to fund future replacements of Capital items.
Proposed Budget
Debt Service Series 2019 Special Assessment Bonds

REVENUES:

Special Assessments	$	723,124	$	717,986	$	5,995	$	723,981	$	723,981	
Interest Earnings	5,000	18,687	10,000	28,687	5,000	
Carry Forward Surplus (1)	335,466	402,739	-	402,739	412,284	
TOTAL REVENUES	$ 1,063,590	$ 1,139,412	$	15,995	$  1,155,407	$ 1,141,265	

EXPENDITURES:						
Interest - 11/1	$	246,562	$	246,562	$	-	$	246,562	$	241,313	
Principal Prepayment - 11/1	-	15,000	-	15,000	-	
Interest - 5/1	246,562	-	246,562	246,562	241,313	
Principal - 5/1	230,000	-	230,000	230,000	240,000	
Principal Prepayment - 5/1	-	-	5,000	5,000	-	
TOTAL EXPENDITURES	$	723,124	$	261,562	$	481,562	$	743,124	$	722,626	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	723,124	$	261,562	$	481,562	$	743,124	$	722,626	
						
EXCESS REVENUES (EXPENDITURES)	$	340,466	$	877,850	$  (465,567)	$	412,284	$	418,639	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/26
 $	236,363 
AMORTIZATION SCHEDULE
Debt Service Series 2019 Special Assessment Bonds

11/01/25	$	9,800,000			$	241,313	$	241,313	
05/01/26	9,800,000	4.125%	240,000	241,313		
11/01/26	9,560,000			236,363	717,676	
05/01/27	9,560,000	4.125%	250,000	236,363		
11/01/27	9,310,000			231,207	717,570	
05/01/28	9,310,000	4.125%	260,000	231,207		
11/01/28	9,050,000			225,844	717,051	
05/01/29	9,050,000	4.125%	275,000	225,844		
11/01/29	8,775,000			220,173	721,017	
05/01/30	8,775,000	4.900%	285,000	220,173		
11/01/30	8,490,000			213,190	718,363	
05/01/31	8,490,000	4.900%	300,000	213,190		
11/01/31	8,190,000			205,840	719,030	
05/01/32	8,190,000	4.900%	315,000	205,840		
11/01/32	7,875,000			198,123	718,963	
05/01/33	7,875,000	4.900%	330,000	198,123		
11/01/33	7,545,000			190,038	718,160	
05/01/34	7,545,000	4.900%	345,000	190,038		
11/01/34	7,200,000			181,585	716,623	
05/01/35	7,200,000	4.900%	365,000	181,585		
11/01/35	6,835,000			172,643	719,228	
05/01/36	6,835,000	4.900%	385,000	172,643		
11/01/36	6,450,000			163,210	720,853	
05/01/37	6,450,000	4.900%	400,000	163,210		
11/01/37	6,050,000			153,410	716,620	
05/01/38	6,050,000	4.900%	420,000	153,410		
11/01/38	5,630,000			143,120	716,530	
05/01/39	5,630,000	4.900%	445,000	143,120		
11/01/39	5,185,000			132,218	720,338	
05/01/40	5,185,000	5.100%	465,000	132,218		
11/01/40	4,720,000			120,360	717,578	
05/01/41	4,720,000	5.100%	490,000	120,360		
11/01/41	4,230,000			107,865	718,225	
05/01/42	4,230,000	5.100%	515,000	107,865		
11/01/42	3,715,000			94,733	717,598	
05/01/43	3,715,000	5.100%	545,000	94,733		
11/01/43	3,170,000			80,835	720,568	
05/01/44	3,170,000	5.100%	570,000	80,835		
11/01/44	2,600,000			66,300	717,135	
05/01/45	2,600,000	5.100%	600,000	66,300		
11/01/45	2,000,000			51,000	717,300	
05/01/46	2,000,000	5.100%	635,000	51,000		
11/01/46	1,365,000			34,808	720,808	
05/01/47	1,365,000	5.100%	665,000	34,808		
11/01/47	700,000			17,850	717,658	
05/01/48	700,000	5.100%	700,000	17,850	717,850	

Total	$	9,800,000  $	6,964,050  $  16,764,050	
Proposed Budget
Debt Service Series 2020 Special Assessment Bonds

REVENUES:

Special Assessments	$	494,600	$	490,198	$	3,627	$	493,825	$	493,825	
Prepayments	-	4,773	-	4,773	-	
Interest Earnings	10,000	13,494	8,000	21,494	10,000	
Carry Forward Surplus (1)	367,386	377,343	-	377,343	396,570	
TOTAL REVENUES	$	871,986	$	885,808	$	11,627	$	897,435	$	900,395		

EXPENDITURES:						
Interest - 11/1	$	174,346	$	174,346	$	-	$	174,346	$	171,259	
Principal - 11/1	145,000	145,000	-	145,000	150,000	
Interest - 5/1	171,519	-	171,519	171,519	168,334	
Principal Prepayment - 5/1	-		10,000	10,000	-	
TOTAL EXPENDITURES	$	490,865	$	319,346	$	181,519	$	500,865	$	489,593	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	490,865	$	319,346	$	181,519	$	500,865	$	489,593	
						
EXCESS REVENUES (EXPENDITURES)	$	381,121	$	566,461	$  (169,892)	$	396,570	$	410,802	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/26 Principal Due 11/1/26

$	168,334
155,000
 $	323,334 
AMORTIZATION SCHEDULE
Debt Service Series 2020 Special Assessment Bonds

11/01/25	$	6,855,000	3.900%	$	150,000	$	171,259	$	321,259	
05/01/26	6,705,000			168,334		
11/01/26	6,705,000	4.350%	155,000	168,334	491,667.50	
05/01/27	6,550,000			164,963		
11/01/27	6,550,000	4.350%	160,000	164,963	489,925.00	
05/01/28	6,390,000			161,483		
11/01/28	6,390,000	4.350%	170,000	161,483	492,965.00	
05/01/29	6,220,000			157,785		
11/01/29	6,220,000	4.350%	175,000	157,785	490,570.00	
05/01/30	6,045,000			153,979		
11/01/30	6,045,000	4.350%	185,000	153,979	492,957.50	
05/01/31	5,860,000			149,955		
11/01/31	5,860,000	5.000%	190,000	149,955	489,910.00	
05/01/32	5,670,000			145,205		
11/01/32	5,670,000	5.000%	200,000	145,205	490,410.00	
05/01/33	5,470,000			140,205		
11/01/33	5,470,000	5.000%	210,000	140,205	490,410.00	
05/01/34	5,260,000			134,955		
11/01/34	5,260,000	5.000%	220,000	134,955	489,910.00	
05/01/35	5,040,000			129,455		
11/01/35	5,040,000	5.000%	235,000	129,455	493,910.00	
05/01/36	4,805,000			123,580		
11/01/36	4,805,000	5.000%	245,000	123,580	492,160.00	
05/01/37	4,560,000			117,455		
11/01/37	4,560,000	5.000%	255,000	117,455	489,910.00	
05/01/38	4,305,000			111,080		
11/01/38	4,305,000	5.000%	270,000	111,080	492,160.00	
05/01/39	4,035,000			104,330		
11/01/39	4,035,000	5.000%	285,000	104,330	493,660.00	
05/01/40	3,750,000			97,205		
11/01/40	3,750,000	5.000%	295,000	97,205	489,410.00	
05/01/41	3,455,000			89,830		
11/01/41	3,455,000	5.200%	310,000	89,830	489,660.00	
05/01/42	3,145,000			81,770		
11/01/42	3,145,000	5.200%	325,000	81,770	488,540.00	
05/01/43	2,820,000			73,320		
11/01/43	2,820,000	5.200%	345,000	73,320	491,640.00	
05/01/44	2,475,000			64,350		
11/01/44	2,475,000	5.200%	360,000	64,350	488,700.00	
05/01/45	2,115,000			54,990		
11/01/45	2,115,000	5.200%	380,000	54,990	489,980.00	
05/01/46	1,735,000			45,110		
11/01/46	1,735,000	5.200%	400,000	45,110	490,220.00	
05/01/47	1,335,000			34,710		
11/01/47	1,335,000	5.200%	420,000	34,710	489,420.00	
05/01/48	915,000			23,790		
11/01/48	915,000	5.200%	445,000	23,790	492,580.00	
05/01/49	470,000			12,220		
11/01/49	470,000	5.200%	470,000	12,220	494,440.00	

Total	$	6,855,000  $	5,251,374  $  12,106,374	
Proposed Budget
Debt Service Series 2020A Special Assessment Bonds (Del Webb Project)

REVENUES:

Special Assessments	$	416,315	$	418,375	$	3,493	$	421,869	$	421,869	
Special Assessments - Prepayments	-	10,291	-	10,291	-	
Interest Earnings	5,000	10,804	5,000	15,804	5,000	
Carry Forward Surplus (1)	178,676	179,712	-	179,712	194,132	
TOTAL REVENUES	$	599,991	$	619,181	$	8,493	$	627,675	$	621,001		

EXPENDITURES:						
Interest - 11/1	$	126,771	$	126,771	$	-	$	126,771	$	124,259	
Interest - 5/1	126,771	-	126,771	126,771	124,259	
Principal - 5/1	165,000	-	165,000	165,000	175,000	
Principal Prepayment - 5/1	-	-	15,000	15,000	-	
TOTAL EXPENDITURES	$	418,543	$	126,771	$	306,771	$	433,543	$	423,518	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	418,543	$	126,771	$	306,771	$	433,543	$	423,518	
						
EXCESS REVENUES (EXPENDITURES)	$	181,449	$	492,410	$  (298,278)	$	194,132	$	197,483	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/26
 $	121,524 
AMORTIZATION SCHEDULE
Debt Service Series 2020A Special Assessment Bonds (Del Webb Project)

11/01/25	$	6,815,000	$	124,259  $	124,259
05/01/26	6,815,000	3.125%	175,000	124,259	

11/01/26	6,640,000			121,524	420,783.13	
05/01/27	6,640,000	3.125%	180,000	121,524		
11/01/27	6,460,000			118,712	420,236.25	
05/01/28	6,460,000	3.125%	185,000	118,712		
11/01/28	6,275,000			115,821	419,533.13	
05/01/29	6,275,000	3.125%	190,000	115,821		
11/01/29	6,085,000			112,853	418,673.75	
05/01/30	6,085,000	3.125%	195,000	112,853		
11/01/30	5,890,000			109,806	417,658.13	
05/01/31	5,890,000	3.625%	205,000	109,806		
11/01/31	5,685,000			106,090	420,895.63	
05/01/32	5,685,000	3.625%	210,000	106,090		
11/01/32	5,475,000			102,284	418,373.75	
05/01/33	5,475,000	3.625%	220,000	102,284		
11/01/33	5,255,000			98,296	420,580.00	
05/01/34	5,255,000	3.625%	225,000	98,296		
11/01/34	5,030,000			94,218	417,514.38	
05/01/35	5,030,000	3.625%	235,000	94,218		
11/01/35	4,795,000			89,959	419,176.88	
05/01/36	4,795,000	3.625%	245,000	89,959		
11/01/36	4,550,000			85,518	420,476.88	
05/01/37	4,550,000	3.625%	255,000	85,518		
11/01/37	4,295,000			80,896	421,414.38	
05/01/38	4,295,000	3.625%	260,000	80,896		
11/01/38	4,035,000			76,184	417,080.00	
05/01/39	4,035,000	3.625%	270,000	76,184		
11/01/39	3,765,000			71,290	417,473.75	
05/01/40	3,765,000	3.625%	280,000	71,290		
11/01/40	3,485,000			66,215	417,505.00	
05/01/41	3,485,000	3.800%	290,000	66,215		
11/01/41	3,195,000			60,705	416,920.00	
05/01/42	3,195,000	3.800%	305,000	60,705		
11/01/42	2,890,000			54,910	420,615.00	
05/01/43	2,890,000	3.800%	315,000	54,910		
11/01/43	2,575,000			48,925	418,835.00	
05/01/44	2,575,000	3.800%	330,000	48,925		
11/01/44	2,245,000			42,655	421,580.00	
05/01/45	2,245,000	3.800%	340,000	42,655		
11/01/45	1,905,000			36,195	418,850.00	
05/01/46	1,905,000	3.800%	355,000	36,195		
11/01/46	1,550,000			29,450	420,645.00	
05/01/47	1,550,000	3.800%	365,000	29,450		
11/01/47	1,185,000			22,515	416,965.00	
05/01/48	1,185,000	3.800%	380,000	22,515		
11/01/48	805,000			15,295	417,810.00	
05/01/49	805,000	3.800%	395,000	15,295		
11/01/49	410,000			7,790	418,085.00	
05/01/50	410,000	3.800%	410,000	7,790	417,790.00	

Total	$	6,815,000  $	3,784,729  $  10,599,729	
Proposed Budget
Debt Service Series 2021 Special Assessment Bonds

REVENUES:

Special Assessments	$	114,450	$	115,064	$	186	$	115,250	$	115,250	
Interest Earnings	2,000	2,721	1,000	3,721	2,000	
Carry Forward Surplus (1)	44,853	44,617	-	44,617	50,902	
TOTAL REVENUES	$	161,303	$	162,403	$	1,186	$	163,588	$	168,152	

EXPENDITURES:						
Interest - 11/1	$	33,843	$	33,843	$	-	$	33,843	$	33,326	
Interest - 5/1	33,843	-	33,843	33,843	33,326	
Principal - 5/1	45,000	-	45,000	45,000	45,000	
TOTAL EXPENDITURES	$	112,686	$	33,843	$	78,843	$	112,686	$	111,651	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	112,686	$	33,843	$	78,843	$	112,686	$	111,651	
						
EXCESS REVENUES (EXPENDITURES)	$	48,616	$	128,559	$	(77,658)	$	50,902	$	56,501	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/26
 $	32,808 
AMORTIZATION SCHEDULE
Debt Service Series 2021 Special Assessment Bonds

11/01/25	$	1,870,000	$	33,326  $	33,326
05/01/26	1,870,000	2.300%	45,000	33,326	

11/01/26	1,825,000			32,808	111,133.75	
05/01/27	1,825,000	2.875%	50,000	32,808		
11/01/27	1,775,000			32,089	114,897.50	
05/01/28	1,775,000	2.875%	50,000	32,089		
11/01/28	1,725,000			31,371	113,460.00	
05/01/29	1,725,000	2.875%	50,000	31,371		
11/01/29	1,675,000			30,652	112,022.50	
05/01/30	1,675,000	2.875%	50,000	30,652		
11/01/30	1,625,000			29,933	110,585.00	
05/01/31	1,625,000	2.875%	55,000	29,933		
11/01/31	1,570,000			29,143	114,075.63	
05/01/32	1,570,000	3.300%	55,000	29,143		
11/01/32	1,515,000			28,235	112,377.50	
05/01/33	1,515,000	3.300%	55,000	28,235		
11/01/33	1,460,000			27,328	110,562.50	
05/01/34	1,460,000	3.300%	60,000	27,328		
11/01/34	1,400,000			26,338	113,665.00	
05/01/35	1,400,000	3.300%	60,000	26,338		
11/01/35	1,340,000			25,348	111,685.00	
05/01/36	1,340,000	3.300%	65,000	25,348		
11/01/36	1,275,000			24,275	114,622.50	
05/01/37	1,275,000	3.300%	65,000	24,275		
11/01/37	1,210,000			23,203	112,477.50	
05/01/38	1,210,000	3.300%	70,000	23,203		
11/01/38	1,140,000			22,048	115,250.00	
05/01/39	1,140,000	3.300%	70,000	22,048		
11/01/39	1,070,000			20,893	112,940.00	
05/01/40	1,070,000	3.300%	70,000	20,893		
11/01/40	1,000,000			19,738	110,630.00	
05/01/41	1,000,000	3.300%	75,000	19,738		
11/01/41	925,000			18,500	113,237.50	
05/01/42	925,000	4.000%	75,000	18,500		
11/01/42	850,000			17,000	110,500.00	
05/01/43	850,000	4.000%	80,000	17,000		
11/01/43	770,000			15,400	112,400.00	
05/01/44	770,000	4.000%	85,000	15,400		
11/01/44	685,000			13,700	114,100.00	
05/01/45	685,000	4.000%	85,000	13,700		
11/01/45	600,000			12,000	110,700.00	
05/01/46	600,000	4.000%	90,000	12,000		
11/01/46	510,000			10,200	112,200.00	
05/01/47	510,000	4.000%	95,000	10,200		
11/01/47	415,000			8,300	113,500.00	
05/01/48	415,000	4.000%	100,000	8,300		
11/01/48	315,000			6,300	114,600.00	
05/01/49	315,000	4.000%	100,000	6,300		
11/01/49	215,000			4,300	110,600.00	
05/01/50	215,000	4.000%	105,000	4,300		
11/01/50	110,000			2,200	111,500.00	
05/01/51	110,000	4.000%	110,000	2,200	112,200.00	

Total	$	1,870,000  $	1,089,248  $	2,959,248	
Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood  O&M
Units	
Annual Maintenance Assessments				
	
FY 2026	
FY 2025	
Increase/ (decrease)		
Active Adult	519
Residential	1479	
$391.89
$841.74	
$368.62
$745.01	
$23.28
$96.74	
6.31%
12.98%	
Total	1998					

SEVENTH ORDER OF BUSINESS

C.

OFFICE OF THE SUPERVISOR OF ELECTIONS
JERRY HOLLAND	105 EAST MONROE STREET
SUPERVISOR OF ELECTIONS	JACKSONVILLE, FLORIDA 32202
OFFICE (904) 255-8683	FAX (904) 255-3434
CELL (904) 318-6877	E-MAIL JHOLLAND@COJ.NET

May 9, 2025

Courtney Hogge
475 West Town Place, Suite 114 St. Augustine, Florida 32092

Dear Courtney,
The information you requested on April 16, 2025, appears below:
Cypress Bluff Community Development District- 2845 Registered Voters as of 4/15/2025

If you have any questions or need additional assistance, please contact Aries Torres at 904-219-9302.
Sincerely, Cierra Fackler
Director of Candidates and Records

D.

COMMUNITY MANAGER REPORT 5/20/25 SUBMITTED BY MARCY POLLICINO

RECHARGE UPDATE:

Incident May 10, 2025
Teen resident held a party with an estimated fifty friends at Recharge between 10pm-2am. Teenagers congregated in the parking lot, on the rooftop patio, bathrooms, pool and by the outdoor furniture off the pool deck area. Teenagers also drove erratically in the parking lot making “doughnuts.” A litany of trash was left on site including alcohol containers, cups, condoms, cigarette buds, gum, beer cans, etc. There was also vomit in the toilet as well as toilet paper all over the bathroom stalls. Two toilet paper holders were taken off the wall in the men’s bathroom that will need to be replaced. It took the Vesta Property Services attendant three hours to clean the facility on Sunday, May 11 upon arrival. Please see incident report attached.

Estimated damage:
Three hour clean: $60
Two toilet paper holders with installation: $125 Pressure wash parking lot due to doughnuts: $1,500

Pool Shower
The pool shower had a steady leak coming from the on/off knob. The shower was under warranty; however, the manufacturer no longer made our model. Therefore, the manufacturer sent a different (shower) model at no cost. Labor install cost @ $777.50.

Playground Sign
The playground rules sign has been updated to reflect our policies. Cost: $799.29

Pressure Wash
Recharge received a full spring (pressure wash) clean on April 29. During the clean water seeped into our 2nd floor fire panel. This tripped the alarm numerous times and resulted in a full replacement. Hydro-Kleen took the replacement cost ($650) off the invoice. Total cost for pressure wash: $6,587.91

Pool Quarterly Maintenance
VAK PAK conducted the quarterly maintenance pool inspection on 5/2/25. No issues to report. See report attached.

eTOWN PARKWAY UPDATE

Kettering Crosswalk
The city of Jacksonville has installed a crosswalk across eTown Parkway connecting Kettering and the multi-use path.

April Amenity Use:
Gym door was opened 2,854 times. Rear gym door was opened 128 times.
Main entry gate was opened 2,935 times. Main pool gate was opened 1,077 times. Side pool gate was opened 86 times.

EVENTS UPDATE:

Food Truck Friday
Sparks in the Garden performed on the rooftop patio. Foodie Stop (food truck) was on site for dinner. 50 +/- attended

Adult Only Music Bingo Cancelled due to a rainstorm.

MAY EVENTS: Food Truck Friday and Memorial Day
JUNE EVENTS: Adult Swim, Sloth Paint, Steel Drum Music, Father’s Day Cinnabon Food Truck, DJ Poolside, Pandan Leaves Food Truck Pop Up
ACTION ITEMS UPDATE

Possible 2026 Budget Items
	1.	Fresh powder-coat the pool furniture tables and end tables. Estimated cost: $3,500
	2.	Change back pool gate to a push button exit. Estimated cost: $4,100

2026 Budget Items Approved
	1.	Landscape preserve cut back. Estimated cost: $8,750
	2.	Rooftop patio stairs seal and paint. Estimated cost: $8,800

LANDSCAPE REPORT

	1.	Ongoing weeding and trimming at Recharge and along eTown Parkway.
	2.	Sprayed all small weeds with Herbicide.
	3.	Irrigation repairs completed.
	4.	Detailed Recharge.
	5.	Sprayed dog park with Herbicide.
	6.	Raked playground mulch.
	7.	Currently testing the low irrigation water pressure at Recharge.
	8.	Treated the Viburnum with growth regulator.
	9.	Treated turf weeds on the roundabout islands with Herbicide.
CBCDD Incident Report	2025	

Date of Incident: May 10, 2025	Time of Incident: 10pm-2am Location of Incident: Recharge Amenity Center
Name of Individual: Minor; Name Redacted

Phone Number: NA	CBCDD Resident: YES

Were the police contacted? No

Name of witness: NA	Work Phone Number:

Description of Incident: Resident (name redacted due to minor status) opened the main entry gate at Recharge with ten guests. The resident then proceeded to open the front gym door as well. The group propped open the main entry gate in order to allow others to come in. The party grew to an estimated fifty teenagers. Some of the group hopped over the pool fence, propped the pool gate open and went for a swim as well as hung out on the pool deck (the pool closed at 7:45pm). Teenagers congregated in the parking lot, on the rooftop patio, bathrooms, pool and by the outdoor furniture off the pool deck area.
Teenagers also drove erratically in the parking lot making “doughnuts.” The party left a litany of trash including alcohol containers, cups, condoms, cigarette buds, gum, beer cans, etc. There was also vomit in the toilet as well as toilet paper all over the bathroom stalls. Two toilet paper holders were taken off the wall in the men’s bathroom that will need to be replaced. It took the Vesta Property Services attendant three hours to clean the facility on Sunday, May 11 upon arrival.

Estimated damage:
Three hour clean: $60
Two toilet paper holders with installation: $125 Pressure wash parking lot due to doughnuts: $1,500
Photo sampling of incident, litter, and damages:

		

Two toilet paper holders were ripped off the wall in the men’s stall and broken:

Marcy Pollicino	May 12, 2205
Employee Name	Date

PLEASE NOTE: Most written communication, regardless of the medium, to or from District employees, staff and officials are public records available to the public and media upon request.

RECHARGE PREVENTATIVE MAINTENANCE REPORT 05/02/25					
EQUIPMENT	PERFORMANCE	CONDITION	NOTES AND RECOMMENDATIONS		
					
Pak Pumps	GOOD	GOOD	Both running well, temp is within limits and amp draw well within limits.		
					
VFD	GOOD	GOOD			
					
Electrical	GOOD	GOOD	No issues observed during the visit.		
					
Filtration	GOOD	GOOD	Flow in range		
					
Chemical Control	GOOD	GOOD	ORP 690 & PH 7.1		
					
Pak Housing	GOOD	GOOD			
					
Plumbing	
GOOD	
GOOD	Plumbing is working properly with no leaks. RWLC 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:

	1.	Maintenance pump off on arrival, tested and OK
	2.	Pump tube ruptured on chlorine feeder, I replcaed it during vist Everything else looks good. Nice job!					

					

					

EIGHTH ORDER OF BUSINESS

A.

Cypress Bluff
Community Development District

Unaudited Financial Reporting
April 30, 2025

	Combined Balance Sheet April 30, 2025			
	General Fund	Debt Service Fund	Totals Governmental Funds	

Assets:
Cash:
Operating Account	

$	71,452	

$	-	

$	71,452	
Assessments Receivable	8,124	12,266	20,391	
Due from Other	775	-	775	
Due from General Fund	-	15,311	15,311	
Investments:
State Board of Administration (SBA)	

711,429	

-	

711,429	
Series 2019 Reserve	

-	

360,826	

360,826	
Principal	-	230,027	230,027	
Revenue	-	330,214	330,214	
Interest	-	246,179	246,179	
Prepayment	-	5,001	5,001	
Series 2020 Reserve	

-	

248,142	

248,142	
Principal	-	257	257	
Revenue	-	377,158	377,158	
Interest	-	171,519	171,519	
Prepayment	-	10,007	10,007	
Series 2020A Reserve	

-	

212,191	

212,191	
Principal	-	165,019	165,019	
Revenue	-	178,359	178,359	
Interest	-	126,771	126,771	
Prepayment	-	15,018	15,018	
Series 2021 Reserve	

-	

57,625	

57,625	
Principal	-	45,005	45,005	
Revenue	-	49,326	49,326	
Interest	-	33,843	33,843	
Prepaid Expenses	163	-	163	
Total Assets	$	791,944	$ 2,890,065	$	3,682,009	

Liabilities:
Accounts Payable	

$	21,899	

$	-	

$	21,899	
Due to Debt Service 2019	6,901	-	6,901	
Due to Debt Service 2020	4,175	-	4,175	
Due to Debt Service 2020A	4,021	-	4,021	
Due to Debt Service 2021	214	-	214	
Total Liabilites	$	37,209	$	-	$	37,209	

Fund Balance:
Nonspendable: Prepaid Items	

$	163	

$	-	

$	163	
Restricted for:
Debt Service - Series	
-	
2,890,065	
2,890,065	
Unassigned	754,572	-	754,572	
Total Fund Balances	$	754,735	$ 2,890,065	$	3,644,800	
				
Total Liabilities & Fund Balance	$	791,944	$  2,890,065	$	3,682,009	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues:					
Special Assessments - Tax Roll	$	1,063,877	$	1,063,877	$	1,055,071	$	(8,805)	
Special Assessments - Direct Bill	132,313	132,313	132,313	-	
Interest Income	5,000	5,000	9,752	4,752	
Other Income	20,000	11,667	10,759	(908)	
Total Revenues	$	1,221,190	$	1,212,857	$	1,207,895	$	(4,961)	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	7,000	$	4,200	$	2,800	
FICA Expense	918	536	321	214	
Engineering	5,000	2,917	4,645	(1,728)	
Arbitrage	2,400	1,400	1,200	200	
Dissemination Agent	7,590	4,427	4,528	(100)	
Attorney	13,000	7,583	3,992	3,592	
Annual Audit	6,500	3,500	3,500	-	
Assessment Roll	11,236	11,236	11,236	-	
Trustee Fees	20,500	20,500	22,158	(1,658)	
Management Fees	55,214	32,208	32,208	(0)	
Information Technology	2,809	1,639	1,639	0	
Website Maintenance	1,405	819	820	(0)	
Telephone	500	292	44	248	
Postage	1,500	875	750	125	
Printing & Binding	2,500	1,458	793	665	
Insurance	6,817	6,817	6,631	186	
Legal Advertising	2,500	1,458	1,050	409	
Other Current Charges	500	292	10	282	
Office Supplies	600	350	81	269	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	153,663	$	105,482	$	99,980	$	5,502	

Operations & Maintenance					

Ground Maintenance
Pond Maintenance (Water Quality)	

$	1,500	

$	875	

$	700	

$	175	
Landscape Maintenance	408,925	238,540	238,540	0	
Landscape Contingency	13,000	7,583	5,906	1,677	
Pump Maintenance	3,550	2,071	-	2,071	
Water & Sewer	26,720	15,587	18,928	(3,341)	
Irrigation Repairs	7,500	4,375	5,930	(1,555)	
Pest Control	2,400	1,400	1,244	156	
Environmental Permit/Monitoring	20,000	11,667	-	11,667	
Other Repairs and Maintenance	5,000	2,917	-	2,917	
Subtotal Ground Maintenance	$	488,595	$	285,014	$	271,247	$	13,767	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Amenity Center
Insurance	$	60,517	$	60,517	$	56,563	$	3,954														
Amenity Manager	130,127	75,907	75,907	(0)														
Pool Maintenance	9,876	5,761	5,761	-														
Pool Chemicals	16,649	9,712	9,712	(0)														
Facility Attendant	77,761	45,361	45,361	0														
Janitorial Services	12,950	7,554	7,554	(0)														
Refuse	2,160	1,260	1,144	116														
Security and Gate Maintenance	10,000	5,833	1,260	4,573														
Facility Maintenance	20,764	12,112	12,112	0														
Elevator Maintenance	5,000	2,917	3,894	(978)														
Electric	27,060	15,785	11,575	4,210														
Cable and Internet	13,200	7,700	7,931	(231)														
Licenses and Permits	1,000	583	-	583														
Repairs & Maintenance	45,000	26,250	39,566	(13,316)														
Special Events	35,000	20,417	19,047	1,369														
Holiday Decorations	1,500	875	1,019	(144)														
Fitness Center R&M	18,000	10,500	11,426	(926)														
Fitness Equipment Rentals	25,368	14,798	5,074	9,724														
Reserve for Amenities	55,000	32,083	19,450	12,633														
Mobile Application	9,000	5,250	3,750	1,500														
Other Current Charges	3,000	1,750	-	1,750														
Subtotal Amenity Center	$	578,932	$	362,926	$	338,107	$	24,819														
																		
Total Operations & Maintenance	$	1,067,527	$	647,940	$	609,354	$	38,585														
																		
Total Expenditures	$	1,221,190	$	753,421	$	709,334	$	44,087														
																		
Excess (Deficiency) of Revenues over Expenditures	$	(0)	$	459,435	$	498,561	$	39,126														
																		
Net Change in Fund Balance	$	(0)	$	459,435	$	498,561	$	39,126														
																		
Fund Balance - Beginning	$	-		$	256,174															
																		
Fund Balance - Ending	$	(0)		$	754,735															
	Oct		Nov	Dec	Jan	Feb		March	April	May	June	July	Aug	Sept		Total		

Revenues:																		
Special Assessments - Tax Roll	$	-	$	163,469  $	849,189  $	12,333	$	7,842	$	10,278  $	11,961	$	-	$	-	$	-	$	-	$	-	$	1,055,071		
Special Assessments - Direct Bill	-	132,313	-	-	-	-	-	-	-	-	-	-	132,313									
Interest Income	261	8	8	1,009	2,843	3,010	2,613	-	-	-	-	-	9,752									
Other Income	2,029	1,553	1,443	1,371	1,574	1,657	1,133	-	-	-	-	-	10,759									
Total Revenues	$	2,290	$	297,343  $	850,639  $	14,712	$	12,259  $	14,945  $	15,707	$	-	$	-	$	-	$	-	$	-	$	1,207,895	

Expenditures:

General & Administrative:

Supervisor Fees	$	1,000	$	800	$	-	$	1,000	$	800	$	-	$	600	$	-	$	-	$	-	$	-	$	-	$	4,200									
FICA Expense	77	61	-	77	61	-	46	-	-	-	-	-	321														
Engineering	838	335	2,173	-	-	1,300	-	-	-	-	-	-	4,645														
Arbitrage	600	-	-	-	-	-	600	-	-	-	-	-	1,200														
Dissemination Agent	733	633	633	633	633	633	633	-	-	-	-	-	4,528														
Attorney	973	468	-	-	1,767	-	784	-	-	-	-	-	3,992														
Annual Audit	-	-	-	-	-	-	3,500	-	-	-	-	-	3,500														
Assessment Roll	11,236	-	-	-	-	-	-	-	-	-	-	-	11,236														
Trustee Fees	13,758	-	-	-	-	-	8,400	-	-	-	-	-	22,158														
Management Fees	4,601	4,601	4,601	4,601	4,601	4,601	4,601	-	-	-	-	-	32,208														
Information Technology	234	234	234	234	234	234	234	-	-	-	-	-	1,639														
Website Maintenance	117	117	117	117	117	117	117	-	-	-	-	-	820														
Telephone	-	10	7	7	-	2	19	-	-	-	-	-	44														
Postage	187	220	17	17	114	158	37	-	-	-	-	-	750														
Printing & Binding	150	152	162	19	130	179	-	-	-	-	-	-	793														
Insurance	6,631	-	-	-	-	-	-	-	-	-	-	-	6,631														
Legal Advertising	439	97	100	104	104	104	104	-	-	-	-	-	1,050														
Other Current Charges	-	-	10	-	-	-	-	-	-	-	-	-	10														
Office Supplies	18	19	13	1	14	15	1	-	-	-	-	-	81														
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175														
Total General & Administrative	$	41,767	$	7,746	$	8,067	$	6,808	$	8,575	$	7,342	$	19,674	$	-  $	-  $	-  $	-  $	-  $	99,980														

Operations & Maintenance																						
Ground Maintenance																						
Pond Maintenance (Water Quality)	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-	$	-	$	-	$	-	$	-	$	700	
Landscape Maintenance	34,077	34,077	34,077	34,077	34,077	34,077	34,077	-	-	-	-	-	238,540														
Landscape Contingency	-	432	2,240	-	1,400	-	1,834	-	-	-	-	-	5,906														
Pump Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-														
Water & Sewer	3,086	1,669	3,488	2,189	3,836	2,419	2,241	-	-	-	-	-	18,928														
Irrigation Repairs	-	-	1,158	-	-	4,772	-	-	-	-	-	-	5,930														
Pest Control	272	272	-	140	140	280	140	-	-	-	-	-	1,244														
Environmental Permit/Monitoring	-	-	-	-	-	-	-	-	-	-	-	-	-														
Other Repairs and Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-														
Subtotal Ground Maintenance	$	37,535	$	36,550	$	41,063	$	36,506	$	39,553	$	41,648	$	38,393	$	-  $	-  $	-  $	-  $	-  $	271,247														

Amenity Center														
Insurance	$	56,502	$	-	$	-	$	-	$	-	$	-	$	61	$	-	$	-	$	-	$	-	$	-	$	56,563	
Amenity Manager	10,844	10,844	10,844	10,844	10,844	10,844	10,844	-	-	-	-	-	75,907						
Pool Maintenance	823	823	823	823	823	823	823	-	-	-	-	-	5,761						
Pool Chemicals	1,387	1,387	1,387	1,387	1,387	1,387	1,387	-	-	-	-	-	9,712						
Facility Attendant	6,480	6,480	6,480	6,480	6,480	6,480	6,480	-	-	-	-	-	45,361						
Janitorial Services	1,079	1,079	1,079	1,079	1,079	1,079	1,079	-	-	-	-	-	7,554						
Refuse	161	159	160	159	159	173	173	-	-	-	-	-	1,144						
Security and Gate Maintenance	900	-	180	-	-	180	-	-	-	-	-	-	1,260						
Facility Maintenance	1,730	1,730	1,730	1,730	1,730	1,730	1,730	-	-	-	-	-	12,112						
Elevator Maintenance	-	350	-	-	-	3,544	-	-	-	-	-	-	3,894						
Electric	2,073	1,559	1,867	1,760	1,742	1,102	1,473	-	-	-	-	-	11,575						
Cable and Internet	1,125	1,126	1,208	1,208	1,252	608	1,405	-	-	-	-	-	7,931						
Licenses and Permits	-	-	-	-	-	-	-	-	-	-	-	-	-						
Repairs & Maintenance	4,679	7,058	2,419	5,762	2,667	9,420	7,560	-	-	-	-	-	39,566						
Special Events	6,453	724	1,916	4,139	2,214	2,071	1,531	-	-	-	-	-	19,047						
Holiday Decorations	315	-	-	704	-	-	-	-	-	-	-	-	1,019						
Fitness Center R&M	2,700	1,667	900	1,370	1,521	1,172	2,097	-	-	-	-	-	11,426						
Fitness Equipment Rentals	2,114	2,114	423	322	101	-	-	-	-	-	-	-	5,074						
Reserve for Amenities	-	-	-	-	-	16,550	2,900	-	-	-	-	-	19,450						
Mobile Application	750	750	750	750	-	-	750	-	-	-	-	-	3,750						
Other Current Charges	-	-	-	-	-	-	-	-	-	-	-	-	-						
Subtotal Amenity Center	$	100,115	$	37,850	$	32,167	$	38,518	$	32,000	$	57,164	$	40,293	$	-  $	-  $	-  $	-  $	-  $	338,107						
														
Total Operations & Maintenance	$	137,651	$	74,400	$	73,229	$	75,023	$	71,553	$	98,812	$	78,686	$	-  $	-  $	-  $	-  $	-  $	609,354						
														
Total Expenditures	$	179,418	$	82,147	$	81,296	$	81,831	$	80,128	$	106,154	$	98,360	$	-  $	-  $	-  $	-  $	-  $	709,334						
														
Excess (Deficiency) of Revenues over Expenditures	$  (177,128)	$	215,197	$	769,343	$	(67,119)	$	(67,869)	$	(91,209)	$	(82,653)	$	-  $	-  $	-  $	-  $	-  $	498,561						

Revenues:					
Special Assessments - Tax Roll	$	723,124	$	723,124	$	717,986	$	(5,138)	
Interest Income	5,000	5,000	18,687	13,687	
Total Revenues	$	728,124	$	728,124	$	736,673	$	8,549	

Expenditures:					
Interest - 11/1	$	246,562	$	246,562	$	246,562	$	-	
Principal Prepayment - 11/1	-	-	15,000	(15,000)	
Interest - 5/1	246,562	-	-	-	
Principal - 5/1	230,000	-	-	-	
Total Expenditures	$	723,124	$	246,562	$	261,562	$	(15,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	5,000	$	481,562	$	475,111	$	(6,451)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	5,000	$	481,562	$	475,111	$	(6,451)	
					
Fund Balance - Beginning	$	335,466		$	709,565		
					
Fund Balance - Ending	$	340,466		$	1,184,677		

Revenues:					
Special Assessments - Tax Roll	$	438,802	$	438,802	$	434,400	$	(4,402)	
Special Assessments - Direct Bill	55,798	55,798	55,798	-	
Special Assessments - Prepayments	-	-	4,773	4,773	
Interest Income	10,000	10,000	13,494	3,494	
Total Revenues	$	504,600	$	504,600	$	508,465	$	3,865	

Expenditures:					
Interest - 11/1	$	174,346	$	174,346	$	174,346	$	-	
Principal - 11/1	145,000	145,000	145,000	-	
Interest - 5/1	171,519	-	-	-	
Total Expenditures	$	490,865	$	319,346	$	319,346	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	13,735	$	185,254	$	189,118	$	3,865	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	13,735	$	185,254	$	189,118	$	3,865	
					
Fund Balance - Beginning	$	377,386		$	625,485		
					
Fund Balance - Ending	$	391,121		$	814,603		

Revenues:					
Special Assessments - Tax Roll	$	416,315	$	416,315	$	418,375	$	2,060	
Special Assessments - Prepayments	-	-	10,291	10,291	
Interest Income	5,000	5,000	10,804	5,804	
Total Revenues	$	421,315	$	421,315	$	439,469	$	18,154	

Expenditures:					
Interest - 11/1	$	126,771	$	126,771	$	126,771	$	-	
Interest - 5/1	126,771	-	-	-	
Principal - 5/1	165,000	-	-	-	
Total Expenditures	$	418,543	$	126,771	$	126,771	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,773	$	294,544	$	312,698	$	18,154	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	2,773	$	294,544	$	312,698	$	18,154	
					
Fund Balance - Beginning	$	178,676		$	391,903		
					
Fund Balance - Ending	$	181,449		$	704,601		

Revenues:					
Special Assessments - Tax Roll	$	22,411	$	22,411	$	22,226	$	(186)	
Special Assessments - Direct Bill	92,039	92,039	92,839	800	
Interest Income	2,000	2,000	2,721	721	
Total Revenues	$	116,450	$	116,450	$	117,786	$	1,336	

Expenditures:					
Interest - 11/1	$	33,843	$	33,843	$	33,843	$	-	
Interest - 5/1	33,843	-	-	-	
Principal - 5/1	45,000	-	-	-	
Total Expenditures	$	112,686	$	33,843	$	33,843	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,764	$	82,607	$	83,942	$	1,336	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	3,764	$	82,607	$	83,942	$	1,336	
					
Fund Balance - Beginning	$	44,853		$	102,242		
					
Fund Balance - Ending	$	48,616		$	186,184		

Long Term Debt Report

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	$	360,826	
Reserve Fund Balance	360,826	
Bonds outstanding - 9/30/2018	$	11,565,000	
Less: Principal Payment - 5/1/19	(330,000)	
Less: Principal Payment - 5/1/20	(195,000)	
Less: Principal Prepayment - 11/1/20	(15,000)	
Less: Principal Prepayment - 2/1/21	(20,000)	
Less: Principal Payment - 5/1/21	(200,000)	
Less: Principal Prepayment - 5/1/21	(15,000)	
Less: Principal Prepayment - 8/1/21	(10,000)	
Less: Principal Prepayment - 11/1/21	(15,000)	
Less: Principal Prepayment - 2/1/22	(5,000)	
Less: Principal Payment - 5/1/22	(210,000)	
Less: Principal Prepayment - 5/1/22	(35,000)	
Less: Principal Prepayment - 11/1/22	(10,000)	
Less: Principal Payment - 5/1/23	(215,000)	
Less: Principal Prepayment - 11/1/23	(15,000)	
Less: Principal Payment - 5/1/24	(225,000)	
Less: Principal Prepayment - 11/1/24	(15,000)	
Current Bonds Outstanding	$	10,035,000	

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	$	248,142	
Reserve Fund Balance	248,142	
Bonds outstanding - 4/15/2020	$	7,705,000	
Less: Principal Payment - 11/1/20	(290,000)	
Less: Principal Payment - 11/1/21	(130,000)	
Less: Principal Payment - 11/1/22	(135,000)	
Less: Principal Payment - 11/1/23	(140,000)	
Less: Principal Payment - 11/1/24	(145,000)	
Current Bonds Outstanding	$	6,865,000	

Series 2020A, Special Assessment Bonds (Del Webb Project)		

Interest Rate:	
2.7% - 3.8%	
Maturity Date:	5/1/2050	
Reserve Fund Definition	50% Max Annual Debt	
Reserve Fund Requirement	$	212,191	
Reserve Fund Balance	212,191	
Bonds outstanding - 9/11/2020	$	7,675,000	
Less: Principal Payment - 5/1/21	(150,000)	
Less: Principal Prepayment - 2/1/22	(10,000)	
Less: Principal Payment - 5/1/22	(155,000)	
Less: Principal Prepayment - 11/1/22	(15,000)	
Less: Principal Payment - 5/1/23	(160,000)	
Less: Principal Prepayment - 11/1/23	(15,000)	
Less: Principal Payment - 5/1/24	(165,000)	
Less: Principal Prepayment - 5/1/24	(10,000)	
Current Bonds Outstanding	$	6,995,000	

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 Reserve Fund Balance		57,625

Bonds outstanding - 11/1/2021	$	2,045,000
Less: Principal Payment - 5/1/22	(40,000)
Less: Principal Payment - 5/1/23	(45,000)
Less: Principal Payment - 5/1/24	(45,000)	
Current Bonds Outstanding	$	1,915,000	

B.
CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT	
Fiscal Year 2025 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	
DRP CND ICI LLC / WEEKLEY	192	-	55,797.54		92,838.64	132,313.39	280,949.57	
NET ASSESSMENTS BULK LANDS (1)	192	-	55,797.54	-	92,838.64	132,313.39	280,949.57	
TAX ROLL	1,806	723,981.35	438,027.50	421,868.55	22,411.23	1,063,881.03	2,670,169.66	
TOTAL DISTRICT	1,998	723,981.35	493,825.04	421,868.55	115,249.87	1,196,194.42	2,951,119.23	
(1) Direct Invoices are due 50% 12/1/24, 25% 2/1/25, 25% 5/1/25

	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	
DRP CND ICI LLC / WEEKLEY	-	-	55,797.54		92,838.64	132,313.39	280,949.57	
BULK LANDS	-	-	55,797.54	-	92,838.64	132,313.39	280,949.57	
TAX ROLL	22,111.24	717,986.17	434,400.26	418,375.13	22,225.64	1,055,071.22	2,648,058.42	
TOTAL DISTRICT	22,111.24	717,986.17	490,197.80	418,375.13	115,064.28	1,187,384.61	2,929,007.99	

	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	11/6/2024	3,778.53	2,286.11	2,201.77	116.97	5,552.50	13,935.88	
2	11/15/2024	37,581.08	22,737.53	21,898.74	1,163.34	55,224.91	138,605.60	
3	11/21/2024	33,946.99	20,538.81	19,781.13	1,050.85	49,884.65	125,202.42	
4	11/29/2024	35,935.70	21,742.03	20,939.96	1,112.41	52,807.04	132,537.14	
5	12/5/2024	40,624.46	24,578.85	23,672.13	1,257.55	59,697.11	149,830.12	
6	12/10/2024	501,569.88	303,462.79	292,267.97	15,526.37	737,050.32	1,849,877.33	
7	12/19/2024	26,452.57	16,004.49	15,414.08	818.85	38,871.70	97,561.69	
8	1/7/2025	9,234.24	5,586.95	5,380.85	285.85	13,569.59	34,057.48	
9	1/21/2025	3,857.44	2,333.85	2,247.76	119.41	5,668.46	14,226.93	
10	2/6/2025	4,534.98	2,743.78	2,642.56	140.38	6,664.09	16,725.80	
11	2/21/2025	1,234.07	746.65	719.10	38.20	1,813.46	4,551.48	
12	3/6/2025	4,102.15	2,481.91	2,390.35	126.98	6,028.05	15,129.44	
13	3/18/2025	2,704.68	1,636.40	1,576.04	83.72	3,974.50	9,975.35	
13	4/3/2025	4,289.70	2,595.38	2,499.64	132.79	6,303.66	15,821.18	
14	4/21/2025	2,611.04	1,579.75	1,521.47	80.83	3,836.89	9,629.98	
15	5/6/2025	5,528.66	3,344.98	3,221.58	171.14	8,124.29	20,390.66	
		-	-	-	-	-		
		-	-	-	-	-		
		-	-	-	-	-		
		-	-	-	-	-		
		-	-	-	-	-		
TOTAL TAX ROLL RECEIPTS	717,986.17	434,400.26	418,375.13	22,225.64	1,055,071.22	2,648,058.48							

% COLLECTED DIRECT INVOICE	0.0%	100.0%	0.0%	100.0%	100.0%	100.0%	
% COLLECTED TAX ROLL	99.2%	99.2%	99.2%	99.2%	99.2%	99.2%	

C.
Cypress Bluff
Community Development District

Check Run Summary
April 30, 2025

Fund	Date	Check No.	Amount

Payroll	4/24/25	50268-50270	$	554.10	
	Subtotal	 $	554.10 		

General Fund	

4/2/25	

1563-1571	

$	48,069.68	
	4/7/25	1572-1576	7,986.04	
	4/15/25	1577-1584	49,472.56	
Subtotal	 $	105,528.28 			
Total	$	106,082.38			
PR300R	PAYROLL CHECK REGISTER
CHECK	EMP #	EMPLOYEE NAME
#
RUN 4/24/25 PAGE	1
CHECK	CHECK
AMOUNT	DATE
- 5-02-68- - - - -7- - - -
E-DW-AR-D-J-M-UH-L JR
- 1-84-.7-0- -4/-24-/2-02-5- -
- 5-02-69- -	2	J-OH-N-s-HE-WINS JR
- 1-84-.7-0- -4/-24-/2-02-5- -
50270	6	WILLIAM J CELLAR

TOTAL FOR REGISTER
- 1-84-.7-0- -4/-24-/2-02-5- -
554.10

CYBL CYPRESS BLUFF OLAUGHLIN
Attendance Sheet
District Name:	Cypress Bluff CDD
Board Meeting Date: April 22, 2025 Meeting

The Supervisors present at the above-referenced meeting should be compensated accordingly.

PLEASE RETURN COMPLETED FORM TO DANIEL LAUGHLIN
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/12/25	PAGE	1
*** CHECK NOS. 001563-001584	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	#
4/02/25 00148	3/31/25 2127966	202503 320-57200-46000	*	440.00
A/C UNIT MAINTENANCE
ANTHONY E ORTOLANI DBA AIR	440.00 001563
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00127	3/25/25 2025-05- 202503 320-57200-49400	*	925.00
5/26 MEMORIAL DAY PARTY
FIRST COAST FOAM PARTY LLC	925.00 001564
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00010	4/01/25 27168	202504 310-51300-31600	*	3,500.00
AUDIT FYE 09/30/2024
GRAU AND ASSOCIATES	3,500.00 001565
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00064	3/31/25 BP640188 202504 330-57200-46500	*	202.72
UNIFORMS & NAME TAGS
PROFORMA	202.72 001566
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00012	3/28/25 16836	202503 320-57200-49600	*	16,550.00
IRRIGATION REPAIRS AREA 1
SUN STATE NURSERY	16,550.00 001567
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00012	3/31/25 16852	202503 320-57200-46400	*	3,468.00
YEARLY PUMP STATION MAINT
SUN STATE NURSERY	3,468.00 001568
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00147	4/02/25 925001	202504 320-57200-49400	*	500.00
5/26 3HR MUSIC
NEAL POMERANTZ DBA THE GOOD SOULS	500.00 001569
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00055	3/27/25 62037592 202503 320-57200-47000	*	140.04
MAR PEST CONTROL
TURNER PEST CONTROL LLC	140.04 001570
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00037	4/01/25 425482	202504 320-57200-45000	*	10,843.92
APR AMENITY MANAGER
4/01/25 425482	202504 320-57200-45100	*	6,480.08
APR FACILITY ATTENDANT
4/01/25 425482	202504 320-57200-46800	*	823.00
APR POOL MAINTENANCE
4/01/25 425482	202504 320-57200-46200	*	1,079.17
APR JANITORIAL
4/01/25 425482	202504 320-57200-46600	*	1,730.33
APR MAINTENANCE
4/01/25 425482	202504 320-57200-46810	*	1,387.42
APR POOL CHEMICALS
VESTA PROPERTY SERVICES INC	22,343.92 001571
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CYBL CYPRESS BLUFF	OKUZMUK
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/12/25	PAGE	2
*** CHECK NOS. 001563-001584	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	#
4/04/25 00001	4/04/25 27278	202504 320-57200-31000	*	61.00
ADDED IRRIGATION EQUIP
EGIS INSURANCE ADVISORS LLC	61.00 001572
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
99	202504 310-51300-34000	*	4,601.17
MANAGEMENT FEES APRIL
99	202504 310-51300-52100	*	117.08
WEBSITE ADMINISTRATION
99	202504 310-51300-35200	*	234.08
INFORMATION TECHNOLOGY
99	202504 310-51300-31300	*	632.50
DISSEMATION AGENT SRVC
99	202504 310-51300-51000	*	.66
OFFICE SUPPLIES
99	202504
POSTAGE
99	202504
TELEPHONE
99	202504
AMENITY MOBILE APP
GOVERNMENTAL MANAGEMENT SERVICES	6,391.50 001573
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/04/25 00095	4/04/25 3550220	202504 310-51300-31500	*	783.50
GENERAL COUNSEL FEES
KUTAK ROCK LLP	783.50 001574
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/04/25 00145	4/03/25 1130	202504 320-57200-46000	*	610.00
ELECTRICAL REPAIRS
TMT ELECTRIC LLC	610.00 001575
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/04/25 00055	4/01/25 62049777 202504 320-57200-47000	*	140.04
FIRE ANT CONTROL
TURNER PEST CONTROL LLC	140.04 001576
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/14/25 00081	4/05/25 150904	202504 320-57200-47200	*	100.00
APR LAKE MAINTENANCE
CLEAR WATERS INC	100.00 001577
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/14/25 00002	4/10/25 25-01848 202504 310-51300-48000	*	103.50
APR NOTICE OF BOS MEETING
JACKSONVILLE DAILY RECORD	103.50 001578
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/14/25 00064	4/11/25 BP640190 202504 330-57200-46500	*	89.74
SUMMER STAFF UNIFORMS
PROFORMA	89.74 001579
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CYBL CYPRESS BLUFF	OKUZMUK
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/12/25	PAGE	3
*** CHECK NOS. 001563-001584	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	#
4/14/25 00012	4/04/25 16894	202504 320-57200-46100	*	25,549.00
APR LANDSCAPE MAINTENANCE
4/07/25 16895	202504 320-57200-46100	*	1,808.08
APR LANDSCAPE MAINTENANCE
4/07/25 16896	202504 320-57200-46100	*	6,720.00
APR LANDSCAPE MAINTENANCE
SUN STATE NURSERY	34,077.08 001580
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/14/25 00013	4/14/25 FY25SE20 202504 300-20700-10000	*	6,806.83 FY25 DEBT ASSESS SE2019
	THE BANK	OF NEW YORK	MELLON													6,806.83	001581	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - -	- - - - - -	- - - -	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/14/25 00013	4/14/25 FY25SE20 202504 300-20700-10010								*						4,118.31			
	FY25 DEBT ASSESS SE2020																	
	THE BANK	OF NEW YORK	MELLON													4,118.31	001582	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - -	- - - - - -	- - - -	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/14/25 00013	4/14/25 FY25SE20 202504 300-20700-10020								*						3,966.40			
	FY25 DEBT ASSESS SE2020A																	
	THE BANK	OF NEW YORK	MELLON													3,966.40	001583	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - -	- - - - - -	- - - -	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
4/14/25 00013	4/14/25 FY25SE20 202504 300-20700-10030								*						210.70			
	FY25 DEBT ASSESS SE 2021																	
	THE BANK	OF NEW YORK	MELLON													210.70	001584	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - -	- - - - - -	- - - -	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	

TOTAL FOR	BANK A	105,528.28	
TOTAL FOR	REGISTER	105,528.28	

CYBL CYPRESS BLUFF	OKUZMUK

Air Doctors Heating and Cooling, Inc
120 Cumberland Park Dr
Ste 201
Saint Augustine, FL 32095 8914

Bill to
Marcy
Cypress Bluff CDD 475 West Town Place Suite114
St. Augustine, Florida 32092

Invoice details Invoice no.: 212796
Terms: Net 30
Invoice date: 03/31/2025 Due date: 04/30/2025

alrdrs@aol.com
+1 (904) 230-4645
www.airdrs.com

-tl,  AirOocton
QHeating &Cooling, Inc.

Ship to
Marcy
Cypress Bluff CDD Recharge Amenity Center 10571 eTown Parkway
Jacksonville, FL 32256

#	Product or service	Description	Qty	Rate	Amount	

1.	15.10 Service Call	Service call
Serviced and cleaned the system		$440.00	$440.00	
	Checked the coil				
	Flushed the drain line				
	Checked the filter				
	Checked the freon				
	Checked the airflow				
	Maintenance agreement (2) times per year.				

Ways to pay
Total	$440.00

INVOICE
First Coast Foam Party LLC
101 Marketside ave Suite 404-154, ponte vedra,
FL 32081
Phone: +1 904-834-1311;
firstcoastfoamparty@gmail.com; Website: www.Firstcoastfoamparty.com

Invoice No#: 2025-05-26-01
Invoice Date: Mar 25, 2025
Due Date: May 26, 2025

Scan Pay Go

$925.00
AMOUNT DUE

BILL TO
Cypress Bluff CDD marcy Pollicino
10571 eTown Parkway, jacksonville, FL 32256, UNITED STATES
mpollicino@vestapropertyservices.com Phone: +1904-527-1081
SHIP TO
Cypress Bluff CDD marcy Pollicino
10571 eTown Parkway, jacksonville, FL 32256, UNITED STATES

#	ITEMS & DESCRIPTION	PRICE	AMOUNT($)
1	3 hour party - memorial day 5/26 1100 - 2pm golf-bubbles­ cotton candy
$925.00	$925.00

Subtotal Shipping
TOTAL
$925.00
$0.00

$925.00USD

NOTES TO CUSTOMER
Thank you for allowing us to party with you! Please consider leaving us a kind remark on our social media or Google and referrals are always welcome! 5/27/202411-2.
TERMS AND CONDITIONS
Rules and Regulations: By hiring First Coast Foam Party LLC you understand that the following rules apply: Do not eat the foam, no running, no diving, no rough play, the foam can become slippery, if we see inappropriate behavior we will address the behavior and have the right to end the event for safety reasons. We can not be held responsible for your children's actions.
The foam is hypo-allergenic, dye-free, biodegradable and safe for kids, pets, grass and pools. The main ingredient in the foam is Sodium Lauryl Sulfate. The color/glow can leave a residue on clothes that should wash out in a few washes but can stain clothing. By hiring First Coast Foam Party LLC you agree to hold First Coast Foam Party LLC, it's employees, agents or representatives harmless and indemnify them against any and all claims for property damage and/or personal injury claims.
Grau and Associates
1001 W. Yamato Road, Suite 301 Boca Raton, FL 33431 www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

Cypress Bluff Community Development District (Jacksonville)

SERVICE

Project: Audit - FYE September 30, 2024 Audit Services

0 -30	31- 60	61 -90	91 -120	Over120	Balance	
3,500.00	0.00	0.00	0.00	0.00	3,500.00	
Payment due upon receipt.
P Ofarma
NorthPoint
Proforma NorthPoint
Telephone: 904-330-0162
Email: [ulie.cafarella@proforma.com

Sold To
Marcy Pollicino
Cypress Bluff Community Development 475 W Town PL
Suite 114
SAINT AUGUSTINE, FL 32092 Phone: 904-527-1081
Recharge@etownjax.com

Original Bill	Bill Number	BP64018891A
Bill Date	3/31/2025
Due Date	3/31/2025 Terms
Sales Order	SP64018891
Sales Person	Blair Wygle
Shipped To
Recharge Amenity Center Marcy Pollicino
10571 eTown Parkway
JACKSONVILLE, FL 32256

$171.001	.¢.31.721	.I	>202.721	-I
,202.72 USD

Thank you for your business!

Please detach this portion and return with your payment.

Remittance Advice

Billed Customer #	Bill Number	Bill Date	Amount Due	
C001077	BP64018891 A	3/31/2025	$202.72	USO	

BILL TO:

PLEASE SEND PAYMENT TO:

Page 1 of 1
NURSERY &
	•	LANDSCAPING, INC,
Date: 03/28/2025

Billed To: Cypress Bluff CDD 2
GMS
475 West Town Place Ste 114 St. Augustine FL 32092
For: E-Town Area 1

For requests and inquiries please contact service@sunstatenursery.com

Description	Quantity	Price	Ext Price	Sales Tax	
Irrigation Repairs					
Replace damaged decoders.	25.00	485.00	12,125.00		
Replace damaged solenoids.	17.00	75.00	1,275.00		
Replace 14 6" pop up spray heads.	14.00	30.00	420.00		
Replace 12" spray head.	1.00	40.00	40.00		
Replace broken rotor heads.	2.00	50.00	100.00		
Replace broken lateral lines.	4.00	115.00	460.00		
Replace drip lines	5.00	55.00	275.00		
Replace clogged/damaged nozzles.	29.00	5.00	145.00		
Labor to track, locate and diagnose.	16.00	95.00	1,520.00		
Dispatch and procurement of parts.	2.00	95.00	190.00		
NUASl!All &
	•	LANDSCAPING, INC.
Date: 03/31/2025

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

For requests and inquiries please contact service@sunstatenursery.com

Description

Yearly Pump Station Maintenance
Quantity

1.00
Price	Ext Price  Sales Tax

3,468.00	3,468.00

INVOICE
# 925001

Date:	May 20, 2024

Neal Pomerantz c/o The Good Souls
257 W. Silverthorn Lane Ponte Vedra, FL. 32081
Payment Terms:

Due Date:

Balance Due:
check May 26, 2025
$500.00
Bill To:
E-TOWN I Cypress Bluff Community Development District
Ship To:
OK to pick up check on the day of performance

11am-2pm (3 hours)	$500.00	$500.00

Notes:
For Monday, May 26. 2025

Terms:
OK to pick up check on the day of performance

Turner i Pest acontrol
PAYMENT ADDRESS:
Turner Pell Control LLC • P,O, Box 600l2l • Jackaonvi!te, Florida 3226ll--0323 904--J55-5300 • Toll free, Bil0-22&.6305 • lumerpo.sl.<:om

Turner Pest Control LLC PO Box 600323
Jacksonville, FL 32260-0323
904-355-5300
Em-rmmm;w,u

INVOICE:	620375920		
DATE:	03/27/2025		
ORDER:	620375920		

Bill I":	[415357]
Cypress Bluff CDD 475 W Towne Pl Suite 114
Saint Augustine, FL 32092

•
03/27/2020	01:0Q PM	ANTS, ROACH, WASP
\\'nrk
L(lL";\llPII:  [4153571	904-710-9348
Recharge at E-town Amenity Center
10571 E-town Pkwy
Jacksonville, FL 32256-5841

CPCM	Commercial Pest Control - Monthly Service		$140.04	
		SUBTOTAL	$140.04	
		TAX	$0.00	
		AMT. PAID	$0.00	

CEIVEn
MAR 'l 8 2025
TOTAL

AMOUNT DUE
$140.04

$140.04

BY·----------
7T
TECHNICIAN SIGNATURE

Marcy
CUSTOMER SIGNATURE

B,\lance outsrnnding ,1VH 3\1 ,.fay$ from the- d;1t;.- of e1Yice may bi: suhj;:,c\ to a hte ke of the ks c-r of l jt;J: p,;r monlh ( !l{<;;•. per year\ or th<' maximum atlnw,·d by !aw.
Customer ,1gr,:,;::s to pay accrued <'Xpens{'s in the evrnt of culkrtion.
I hc'i,·h\ ;id,n"I'. k,k,· liil' :1si,!:1,·1.-: \- n\!lll'klinn ,.f ,di ,,·11 i,Y 1.n,k1,.-d.
i!l<l drl ·,: 1\l l\s<'.' 111,: c"•hl_ nf , T\'ks:,·,,, ,p, -111,·d ,,h,'.,,'-
	!'LE..\SE P..\Y FRO,\! Tll!S INVOICE	
\Testa,,.	Invoice

Vesta Property Services, Inc. 245 Riverside Avenue
Suite 300
Jacksonville FL 32202
Invoice# Date

Terms Due Date Memo
425482
04/01/2025

05/01/2025
Monthly Fees

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

CM:; •
BY:------

Total	22,343.92
INVOICE

Cypress Bluff Community Development District
835	
04/04/2025	

Kristina Rudez	
1 of 1	

Cypress Bluff Community Development District c/o Governmental Management Services
475 West Town Place, Ste 114 St. Augustine, FL 32092

Thank You
PleasE' deli'.'!Ch and return w1tll payment

Customer: Cypress Bluff Community Development District

27278

03126/2025

Policy change
Policy #100124353 10/01/2024-10/01/2025
Florida Insurance Alliance

Package -Added irrigation equipment Due Date: 4/4/2025

61.00

Thank You

FOR PAYMENTS SENT OVERNIGHT,
Bank of Amenta Lockbox Services, Lockbox 748555, 6000 Fefdwood Rd. College Park, GA 30349

Remit Payment To: Egis Insurance Advisors
P.O. Box 748555
Atlanta, GA 30374-8555
(321)233-9939

sclimer@eglsadvlsors.com
Governmental Management Services, LLC
475 West Town Place, Suite 114
St. Augustine, FL 32092
Invoice

Bill To:
Cypress Bluff CDO 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice #: 99
Invoice Date: 4/1/25
Due Date: 4/1/25
Case:
P.O. Number:

Total	$6,391.50	
Payments/Credits	$0.00	
Balance Due	$6,391.50	
KUTAK  ROCK	LLP
TALLAHASSEE, FLORIDA
Telephone 404-222-4600
Facsimile 404-222-4654

Federal ID 47-0597598

April 4, 2025

Mr. James Perry Cypress BluffCDD
Governmental Management Services Suite 114
475 West Town Place St. Augustine, FL 32092
Check Remit To: Kulak Rock LLP PO Box 30057
Omaha, NE 6&I 03-1157

ACH/Wirc Tra11sfc1• Remit To:
ABA #104000016
First National Bank of Omaha
Kulak Rock LLP
A/C II 24690470
Reference: Invoice No. 3550220 Client Matter No. 4123-1
Notification Email: eftgroup@kutakrock.com

Invoice No. 3550220
4123-1

Re:	General Counsel
For Professional Legal Services Rendered

02/01/25	G. Lovett	0.50	132.50	Monitor legislative process relating	
02/05/25	K. Buchanan	0.30	105.00	to matters impacting special districts
Review	and	respond	to	records	
				request	
02/18/25	K. Buchanan	0.40	.140.00	Confer	with	builder	and  district
manager regarding restriction and PUD requirements	
02/25/25	K. Magee	1.00	290.00	Prepare for and participate in board
of supervisors meeting via phone	
02/27/25	K. Magee	0.40	116.00	Review meeting follow-up items	

TOTAL HOURS
2.60

TOTAL FOR SERVICES RENDERED TOTAL CURRENT AMOUNT DUE

PRIVILEGED AND CONFIDENTIAL
ATTORNEY-C'Lll!NT COMMUNICATION AND/OR WORK PRODUCT
$783.50

TMT Electric, LLC
290 Circle or S
Saint Augustine. FL 32084 US
(904) 315-1246
tmtelectticllc@gmail eom
00\. ?:>6'0. s1aoo.q (aOO()
12,e<v0' s "	mo.\,"IY

fMf ILECfRIC
Where Quality f
AlwayJ Matter,
904-789-0193
'
Veteran Owned

INVOICE					
BILL TO		INVOICE	1130		
Cypress Bluff COD		DATE	04/03/2025		
475 West Town Place		TERMS	Net30		
Suite 114		DUE DATE	05/03/2025		
St. Augustine, FL 32092 USA					

Services	

Broken underground electrical box and		

610.00	

610.00	
	receptacle covers. Installed new				
	underground box and eight				
	weathertight covers. Tested and				
	inspected GFCI outlets. Verified				
	correct operation upon completion.				

Please make ctieck payable to TMT E.lectnc LLC	
SUBTOTAL			
610.00	
	TAX			0.00	
	TOTAL			610.00	
	
BALANCE DUE			$610.00	

00 \.	,o,(). 'S-/ JO(). lt	/000
•pe ')\	C0'\'\\'10\

Eai'l'urner il!"l'l''Pest acontrol
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to<l n._5300 • Tfl'h ,,_  B00..:!2&-MM • fuml'fJIHl.tvm

H,II1;,:	[4153571
Cypress Bluff CDD 475 W Towne Pl Sulte114
Saint Augustine, FL 32092

Turner Pest Control LLC PO Box 600323
Jacksonville, FL 32260-0323
904-355-5300

\\\q
l,,111'i1ll<\il.   [415357]	904-710-9348
Recharge at E-town Amenity Center
10571 E-town Pkwy
Jacksonville, FL 32256-5841

Elffll1Mi 11C
04!01/2025	FIRE ANT

llfflFNZGI
04/01/2025

lANOOFA	TURNERGREEN - GUARANTEED FIRE ANT CONTROL	$140 04

SUBTOTAL TAX AMT.PAID
TOTAL

$140 04
S000
5000
S140 04

AMOUNT DUE	$140.04

lfoi:tl1<.:<:S11ut,,l,1.n<lint o l'f }()J,i}S t'n11n lhnl.tt-.: ,11"Y.!1vk.;: m.iy ll,: uhjed lo II L1h.' fr.-:­ tif llw: k -.;:r oi I.S'k r-·r rmn1h tlX\1 11tr yt,:iJ ur1ht 11uxhm1m ,1HoW1'1\ hy l,1w, Custrnn,:1 .;,gn:,: hi p.1y ;!((tur,I O,!]Cfl.:t'i\ i1l 111.: t\(ll{ u!t:olk lllUI
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,,ml ,1t 1,',,' It• 11aJ th,: 'd"l 111 ,,·I\ lu: ;r. ,p.: ilh'il .1hl•h
Clear Waters, Inc.
P.O. Box 291522
Port Orange, FL 32129
Invoice

		

Phone#	P.O. NO.	TERMS		ACCOUNT#	
	
386-767-4928		Net 30		822	
ITEM	DESCRIPTION	RATE	AMOUNT			
Lake Mgmt.	Pond I
\ .  37-o. 572.. Y17....	100.00	100.00			
	Total	$100.00					
Thank you for your business.	Clearwaterslakemgmt.com						
Jacksonville Daily Record
A Division of
DAILY RECORD & OBSERVER, LLC
P.O. Box 1769
Jacksonville, FL 32201
(904) 356-2466
INVOICE		April 10, 2025	
Date

Attn: Courtney Hogge
GMS,LLC
475 West Town Place, Ste 114
Saint Augustine	FL	32092
310
i - -
Si's	Lf iooo

Serial# 25-01848D	PO/File#	$103.50

Payment Due
Notice ofMeeting of the Board of Supervisors

Cypress Bluff Community Development District

$103.50

Publication Fee

Case Number			Amount Paid

Publication Dates
.4..::/..1.::.0.c..	
Payment Due Upon Receipt
For your convenience, you
County  .:D:...uc...vc.::•cc_l	

Payment is due before tlie Proof of Publication is released.
may remit payment online at www.jaxdailyrecord.com/ send-payment.
If your payment is being mailed, please reference Serial # 25-01848D on your check or remittance advice.

Your notice was published on bothjaxdailyrecord.com andjloridap11blic11otices.com.
'erms: Net 30 days from date of invoice. Past due items will accrue a fmance charge of 1.5% per month thereafter.
Please remit any payment due upon receipt of this invoice.
Preliminary Proof Of Legal Notice
(This is not a proof of publication.)

Please read copy of this advertisement and advise us of any necessary corrections before further publications.

NOTICE OF MEETING OF THE BOARD OF SUPERVISORS CYPRESS BLUFF COM]l.{UNITY
DEVEI..OPMENT DISTRICT
Notice is hereby given that the C;i,'Press Bluff Community Devel- opment District (dDistrict") w:ill hold a regular meeting ( Meet­ ing'') of the Board of Supen'lsors
{"Board ) on Tuesday, April 22,
2025 at 1:00 p.m. at the Southeast Regional Library, 10599 Deer­ wood Park Boulevard, Jackson­ ville, Florida 32256, where the Board may consider any business tliat may propedy come before it.
The Meeting is open to the public and will be conducted in accordance with the provisions of Florida law for community devel­ opment districts. The Meeting may be continued to a da.te, time, and place to be specified on the record at such Meeting.
An electronic copy of the agenda
may be obtained by contacting the office- of the District Manager, c/o Governmental Management Ser­ vices, LLC, 475 West Town Place, Suite 114, St. Augustine, Florida 32092, (904) 940-5850 ( District
Manager's Office") during nor­ mal business hours, am] will be available on the District's website,
 •- ti$.B. hif@P£O..m.-
Any person requiring special accommodations at the meeting because of a disability or physi­ cal impairment should contact the District Mliilager's Office at least forty-cigbt (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Ser.ice by dial­ ing 7-1-1. or I-800-955-8771(TTY)
/ l-800-955-8770 (Voice), for aid in contacting the District Man­ ager's Office,
Each person who decides to appeal any decision made bv the Board ·with respect to any "mat­ ter considered at the Meetings is advised that person will need a record of proceedings an.d that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, includ­ ing the testimony and evidence upon which such appeal is to be based.
Jim Oliver Db1:rict Manager
Apr. 10	oo (25-01848D)
PR_O_ferma:
NorlhPoint
Proforma NorthPoint
Telephone: 904-330-0162
Email: julie.cafarella@proforma.com

Sold To
Marcy Pollicino
Cypress Bluff Community Development 475 WTown PL
Suite 114
SAINT AUGUSTINE, FL 32092 Phone: 904-527-1081
Recharge@etownjax.com
Original Bill

Bill Number	BP64019079A Bill Date	 4/11/2025
Due Date	4/11/2025 Terms
Sales Order	SP64019079
Sales Person	Blair Wygle
Shipped To
Recharge Amenity Center Marcy Po!licino
10571 eTown Parkway
JACKSONVILLE, FL 32256

o	u on y 191 ea e e ormance Polo.
Color: Dress Blue Nw: 1 - s
Hanes - EcoSmart Crewneck Sweatshirt.
Color: f'lmci: 1 - s	
I	QTY,.
Billed		
:Order
0

0	

I	
!>rice
36.5000

30.0000	

Each Each	

$36.50

$30.00	
										
	Amount Due:									
66.50	23.24	89.74	89.74 USO							

Thank you for your business!

Please detach this portion and return with your payment.

Remittance Advice

C001077	BP64019079A	4/11/2025	$89.74	USO

BILL TO:

PLEASE SEND PA'vNIENT. TO,: •

Billed To: Cypress Bluff COD 2
GMS
475 West Town Place Ste 114 St. Augustine FL 32092
oo,. "ba-.0. 57 ;;i . 4 Col
Maintenance invoice
Invoice#: 16894 Date: 04/07/2025

For: E-TownArea 1

For requests and inquiries please contact service@sunstatcnursery.com

Description	Quantity	Price	Ext Price	Sales Tax	
April Landscape Maintenance					
Phase 1 Balance	1.00	4,218.92	4,218.92		
Phase 2	1.00	14,210.08	14,210.08		
Recharge	1.00	3,320.00	3,320.00		
Apex	1.00	1,600.00	1,600.00		
Glenmont	1.00	2,200.00	2,200.00		

r.1

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

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

Amount Due	25,549.00
SUN STATE
Hu1u:erai, & LAl'IDSCAPll'lti, II'!(,

Invoice#: 16895 Date: 04/07/2025

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

For requests and inquiries please contact service@sunstatenursery.com

Description

April Landscape Maintenance

Quantity

1.00
Price

1,808.08

Ext Price Sales Tax 1,808.08

7
SUN
STATE
HUIISl!IIY &
I.ANl)SCAl'llf<i, UIC,

Invoice#: 16896
Date: 04/07/2025

Billed To: Cypress Bluff CDD 2
GMS
475 West Town Place Ste 114
St. Augustine FL 32092
For: E-Town Area 3

For requests and inquiries please contact setvice@sunstatenursery.com

Description

April Landscape Maintenance
t.	:,Z..O. S77.	L/ G, I
Quantity

1.00
Price

6,720.00
Ext Price  Sales Tax

6,720.00

Check Request

Date	Amount	Authorized By	

April 14, 2025	
$6,806.83	
Oksana Kuzmuk	

Payable to:		
	
The Bank of New York Mellon #13		

Date Check Needed:		Budget Category:	 ASAP	I001.300.20700.10000

Intended Use of Funds Reauested·

'"	PU£ASE RETflRN THE S!!GNED CHECK TO 01<:SANA  !!!

Check Request

Date	Amount	Authorized By	

April 141 2025	
$4,118.31

Payable to:	
Oksana Kuzmuk	
	
The Bank of New York Mellon #13		

Date Check Needed:	

Budget Category:		

ASAP	
loouoo.20100.10010		

Intended Use of Funds Reauested·

FY25 Debt Assessment SE 2020	

	

(Attach sunnortina documentation for reauest.J	

Check Request

Date	Amount	Authorized By	

April 14, 2025	
$3,966.40	Oksana Kuzmuk	

Payable to:		
	
The Bank of New York Mellon #13		

Date Check Needed:	 Budget Category: ASAP	00I J00.20700.10020
Intended Use of Funds Reouested·

FY25 Debt Assessment SE 2020A	

	

IAttach sunnortina documentation for reauest.J	

Check Request

Date	Amount	Authorized By	

April 14, 2025	
$210.70	
Oksana Kuzmuk	

Payable to:		
	
The Bank of New York Mellon #13		

Date Check Needed:			

ASAP	
001.300.20700.10030		

Intended Use of Funds Reauested·