North Boulevard Community Development District
12051 Corporate Boulevard, Orlando, FL 32817; 407-723-5900 http://northboulevardcdd.com/.com

The following is the proposed agenda for the meeting of the Board of Supervisors for the North Boulevard Community Development District, scheduled to be held Wednesday, August 19, 2020 at 10:15 a.m. via conference call due to the Executive Order 20-193 extending COVID-19 Executive Order 20-69. Attached to this Agenda is a copy of the Executive Order 20-193. The attendance of three Board Members is required to constitute a quorum. Questions or comments on the Board Meeting or proposed agenda may be addressed to Jane Gaarlandt at gaarlandtj@pfm.com or (407) 723-5900.

To attend the meeting, please use the below conference call information:
Call-in Number:	1-844-621-3956
Access Code:	790 393 986 #
PROPOSED BOARD OF SUPERVISORS’ MEETING AGENDA

Administrative Matters
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]
Consideration of the Minutes of the July 22, 2020 Board of Supervisors’ Meeting
Establishment of an Auditor Selection Committee- (provided under separate cover)

Business Matters
Ratification of Payment Authorization Nos. 129 - 132
Review of Monthly Financials Other Business
Staff Reports District Counsel District Engineer District Manager
o	Field Management Update
Supervisor Requests and Audience Comments Adjournment

PROPOSED AUDITOR SELECTION COMMITTEE MEETING AGENDA

Roll Call to Confirm a Quorum
Review and Approval of Audit Documents -(provided under separate cover)
Audit RFP Notice
Instructions to Proposers
Evaluation Criteria
Adjournment

STATE OF FLORIDA
OFFICE OF THE GOVERNOR EXECUTIVE ORDER NUMBER 20-193
(Amending Executive Order 20-179)

WHEREAS, on March 9, 2020, I issued Executive Order 20-52 declaring a state of emergency for the entire State of Florida due to COVID-19; and
WHEREAS, Executive Order 20-69, as amended by Executive Order 20-179, requires

amendment to provide local government bodies with additional time to notice their meetings.

NOW, THEREFORE, I, RON DESANTIS, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section (l)(a) of the Florida Constitution, Chapter 252, Florida Statutes, and all other applicable laws, promulgate the following Executive Order to take immediate effect:
Section 1.

Section 3. of Executive Order 20-179 is amended to read, as follows:

Except as amended herein, I hereby extend Executive Order 20-69, as extended by Executive Orders 20-112, 20-123, 20-139 and 20-150, until 12:01 a.m. on October 1, 2020.
IN TESTIMONY WHEREOF, I have hereunto
set my hand and caused the Great Seal of the State of Florida to be affixed, at Tallahassee, this
7th day of	ust, 202	.

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North Boulevard Community Development District

Minutes

MINUTES OF MEETING

NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS’ MEETING
Thursday, July 22, 2020 at 11:04 a.m.
Via telephonic conferencing due to the COVID-19 Executive Orders 20-52, 20-69, & 20-112.

Board Members present at roll call:

Scott Shapiro	Vice Chair	(via phone)	
Patrick Marone	Assistant Secretary	(via phone)	
Andre Rhinehart	Assistant Secretary	(via phone)	

Also Present:

Roy Van Wyk	Hopping Green & Sams, P.A.	(via phone)	
Jane Gaarlandt	PFM Group Consulting LLC	(via phone)	
Christina Hanna	PFM Group Consulting, LLC	(via phone)	
Victoria Martinez	PFM Group Consulting, LLC	(via phone)	
Dexter Glasgow	PFM Group Consulting, LLC	(via phone)	
Amanda Lane	PFM Group Consulting, LLC	(via phone)	

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The meeting was called to order approximately at 11:04 a.m. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS	Public Comment Period

There were no public comments at this time.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the May 20, 2020 Board of Supervisors’ Meeting

The Board reviewed the Minutes of the May 20, 2020 Board of Supervisors’ Meeting.

On MOTION by Mr. Shapiro, seconded by Mr. Rhinehart, with all in favor, the Board approved the Minutes of the May 20, 2020 Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Consideration of Resolution 2020-09, Designating Dates, Times and Locations for Regular Meetings for FY 2021

District staff is thinking of switching the North Boulevard meetings to 10:00 a.m. following the Davenport meetings and keeping the date to the third Wednesday of the month to be held at the Holiday Inn at Winter Haven.

On MOTION by Mr. Marone, seconded by Mr. Shapiro, with all in favor, the Board approved Resolution 2020-09, Designating Dates, Times and Locations for Regular Meetings for FY 2021, as presented

FIFTH ORDER OF BUSINESS	Public Hearing on the Adoption of the District’s Fiscal Year 2020-2021 Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020-10, Adopting a Fiscal Year 2020-2021 Budget and Appropriating Funds

Ms. Gaarlandt explained the statutory requirement for publication and mailed notice have been met. She requested a motion to open the public hearing.

ON MOTION by Mr. Rhinehart, seconded by Mr. Shapiro, with all in favor, the Board opened the Public Hearing.

There were no public comments at this time so Ms. Gaarlandt requested a motion to close the public hearing.

ON MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the Board closed the Public Hearing.

Ms. Lane confirmed there have been no changes to the budget since it was approved in preliminary form at the last meeting. Ms. Gaarlandt pointed out in the budget PFM has requested a fee increase from
$20,000.00 to $25,000.00 and a letter for confirmation of that increase is following later in the agenda. Ms. Gaarlandt requested a motion to approve Resolution 2020-10, as presented.

ON MOTION by Mr. Rhinehart, seconded by Mr. Shapiro, with all in favor, the Board approved Resolution 2020-10, Adopting a Fiscal Year 2020-2021 Budget and Appropriating Funds.

SIXTH ORDER OF BUSINESS	Public Hearing on the Imposition of Special Assessments to Fund the District’s Fiscal Year 2020-2021 Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020-11, Adopting an Assessment Roll for Fiscal Year 2020-2021 and Certifying Special Assessments for Collection

Ms. Gaarlandt requested a motion to open the public hearing.

ON MOTION by Mr. Marone, seconded by Mr. Rhinehart, with all in favor, the Board opened the Public Hearing.

There were no public comments on the assessments so Ms. Gaarlandt closed the public hearing.

ON MOTION by Mr. Marone, seconded by Mr. Shapiro, with all in favor, the Board closed the Public Hearing.

Ms. Van Wyk asked Ms. Gaarlandt to explain the change in assessment levels. Ms. Gaarlandt explained the caps that were noticed for Phase 1 & 2 were $780.36 for a total increase of $10.66.

Ms. Gaarlandt requested a motion from the Board to approve Resolution 2020-10, as presented.

ON MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the Board approved Resolution 2020-11, Adopting an Assessment Roll for Fiscal Year 2020-2021 and Certifying Special Assessments for Collection.

SEVENTH ORDER OF BUSINESS	Public Hearing on the Adoption of Rules Relating to Overnight Parking and Traffic Enforcement
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020-12, Adopting Rules Relating to Overnight Parking and Traffic Enforcement

Ms. Gaarlandt noted for the record that the mailed and published notices were sent out in accordance with Florida Statute. Ms. Gaarlandt requested a motion to open the public hearing.

ON MOTION by Mr. Marone, seconded by Mr. Shapiro, with all in favor, the Board opened the Public Hearing.

There were no public comments so, Ms. Gaarlandt requested a motion to close the public hearing.

ON MOTION by Mr. Rhinehart, seconded by Mr. Shapiro, with all in favor, the Board closed the Public Hearing.

The Board reviewed the parking policies. Ms. Gaarlandt requested a motion to approve Resolution 2020- 12, as presented.

ON MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the Board approved Resolution 2020-12, Adopting Rules Relating to Overnight Parking and Traffic Enforcement

Ms. Gaarlandt noted District staff will send notices to all the residents and it will be posted on the website that there will be parking and traffic enforcement once the signs are installed.

EIGHTH ORDER OF BUSINESS	Consideration of PFM Fee Letter

The Board reviewed the PFM Fee Letter. PFM requested a fee increase for this year and it is reflected in the budget that was just approved.

On MOTION by Mr. Marone, seconded by Mr. Shapiro, with all in favor, the Board approved the PFM Letter.

NINTH ORDER OF BUSINESS	Consideration of First Amendment to Agreement between the District and VGlobalTech for Website Maintenance Services

This switches the billing and contractual relationship from PFM to VGlobalTech who PFM was already using for Website Maintenance Services. The bill will now come directly from VGlobalTech to the District and there are no changes to the fees.

On MOTION by Ms. Marone, seconded by Mr. Rhinehart, with all in favor, the Board approved the First Amendment to Agreement between the District and VGlobalTech for Website Maintenance Services.

TENTH ORDER OF BUSINESS	Review of Fiscal Year 2019 Audited Financial Report

Ms. Gaarlandt explained it was considered a clean audit and requested a motion to accept the Fiscal Year 2019 Audited Financial Report.

On MOTION by Mr. Marone, seconded by Mr. Shapiro, with all in favor, the Board accepted the Fiscal Year 2019 Audited Financial Report.

ELEVENTH ORDER OF BUSINESS	Ratification of Payment Authorization Nos.
121- 129

The Board reviewed payment authorizations numbers 121 – 129.

On MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the Board ratified Payment Authorization Nos. 121 – 129.

TWELFTH ORDER OF BUSINESS	Review of Monthly Financials

The Board reviewed the monthly financials through June 30, 2020. There was no action required by the Board.

THIRTEENTH ORDER OF BUSINESS	Staff Reports

District Counsel –	Mr. Van Wyk stated he is working on trying to extend the Executive Order to allow for the District to continue meeting via telecommunications technology.

District Engineer –	Not Present

District Manager –	No Report

FOURTEENTH ORDER OF BUSINESS	Supervisor	Requests	and	Audience
Comments

There were no Supervisor requests or audience comments.

FIFTEENTH ORDER OF BUSINESS	Adjournment

There were no other questions or comments. Ms. Gaarlandt requested a motion to adjourn.

ON MOTION by Mr. Rhinehart, seconded by Mr. Marone, with all in favor, the July 22, 2020 Board of Supervisors’ Meeting for the North Boulevard Community Development District was adjourned.

 	_ 	_	 	
Secretary / Assistant Secretary	Chairman / Vice Chairman

Establishment of an Auditor Selection Committee

( provided under separate cover)

Payment Authorization Nos. 129-132

By Amanda Lane at 2:42 pm, Jun 29, 2020

Payment Authorization No. 129
6/26/2020

Item	
Vendor	
Invoice	
General	
No.		Number	Fund	

1	
Business Observer			
	Legal Advertising on 06/19/2020	20-00808K	$	74.38	
2	Duke Energy			
	564 Buchannan Dr Lift ; Service 05/21/2020 - 06/22/2020	--	$	154.50	
3	Hopping Green & Sams			
	General Counsel Through 05/31/2020	115378	$ 1,007.00	
4	Navitas Credit Corp.			
	Playground Lease	--	$	524.58	

TOTAL	$ 1,760.46

Board Member

By Amanda Lane at 10:14 am, Jul 27, 2020

Payment Authorization No. 130
7/10/2020

Item	
Vendor	
Invoice	
General	
No.		Number	Fund	

1	
A & R Contracting & Cleaning			
	Fence Repairs	2669	$	560.00	
2	Carr Riggs & Ingram			
	FY 2019 Audit	16940516	$ 1,750.00	
3	Duke Energy			
	901 Fillmore Blvd, Entrance ; Service 06/04/2020 - 07/06/2020	--	$	15.32	
	582 Taft Dr, Well/Lites ; Service 06/04/2020 - 07/06/2020	--	$	173.50	
	1900 North Blvd W ; Service 06/04/2020 - 07/06/2020	--	$	98.42	
4	The Ledger			
	Legal Advertising on 06/22/2020	L060G0J9PP	$	649.84	
5	VGlobalTech			
	Quarter 2 ADA Audit	1726	$	300.00	

TOTAL	$ 3,547.08

Board Member

By Amanda Lane at 10:15 am, Jul 27, 2020

Payment Authorization No. 131
7/24/2020

Item	
Vendor	
Invoice	
General	
No.		Number	Fund	

1	
Creative Association Services			
	June/July Landscaping Phase 1	6820-NRE	$ 3,650.00	
	June/July Landscaping Phase 2	6821-NRR	$ 5,594.00	
2	Duke Energy			
	564 Buchannan Dr Lift ; Service 06/22/2020 - 07/22/2020	--	$	162.28	
	000 North Blvd Lite ; Service 06/17/2020 - 07/17/2020	--	$	784.85	
	0000 Forest Lake Dr Lite ; Service 06/18/2020 - 07/20/2020	--	$	721.20	
3	PFM Group Consulting			
	DM Fee: July 2020	DM-07-2020-0039	$ 1,666.67	
	Website Fee: July 2020	DM-07-2020-0040	$	125.00	
	Reimbursables: May 2020	OE-EXP-00905	$	4.00	
	Reimbursables: June 2020	OE-EXP-00961	$	4.50	

TOTAL	$ 12,712.50

Board Member

By Amanda Lane at 6:00 pm, Aug 07, 2020

Payment Authorization No. 132
8/7/2020

Item	
Vendor	
Invoice	
General	
No.		Number	Fund	

1	
Business Observer			
	Legal Advertising on 06/26/2020 & 07/03/2020	20-00823K	$	966.88	
2	Duke Energy			
	1900 North Blvd W ; Service 07/06/2020 - 08/04/2020	--	$	27.48	
	582 Taft Dr, Well/Lites ; Service 07/06/2020 - 08/04/2020	--	$	57.40	
	901 Fillmore Blvd, Entrance ; Service 07/06/2020 - 08/04/2020	--	$	15.32	
3	Hopping Green & Sams			
	General Counsel Through 06/30/2020	116306	$ 1,038.50	
4	Navitas Credit Corp.			
	Playground Lease	--	$	524.58	
5	Supervisor Fees - 07/22/2020 Meeting			
	Scott Shapiro	--	$	200.00	
	Matthew Cassidy	--	$	200.00	
	Patrick Marone	--	$	200.00	
	Andrew Rhinehart	--	$	200.00	

TOTAL	$ 3,430.16

Board Member

North Boulevard Community Development District

Monthly Financials

Statement of Financial Position As of 7/31/2020

General Fund	Debt Service Fund

Capital Projects Fund

Long-Term Debt Fund

Total

Current Assets		Assets		
General Checking Account	$97,114.40								$97,114.40	
Prepaid Expenses	1,656.66								1,656.66	
Deposits	960.00								960.00	
Debt Service Reserve (Series 2017)			$124,075.00						124,075.00	
Debt Service Reserve (Series 2019)			259,568.75						259,568.75	
Revenue (Series 2017)			103,974.86						103,974.86	
Revenue (Series 2019)			60,410.85						60,410.85	
Prepayment (Series 2017)			1,898.74						1,898.74	
Prepayment (Series 2019)			394,071.97						394,071.97	
Redemption Account (Series 2017)			722.91						722.91	
Acquisition/Construction (Series 2017)					$5,894.03				5,894.03	
Acquisition/Construction (Series 2019)					2,767.29				2,767.29	
Total Current Assets	$99,731.06		$944,723.08		$8,661.32		$0.00		$1,053,115.46	

Investments										
Amount Available in Debt Service Funds							$944,723.08		$944,723.08	
Amount To Be Provided							6,555,276.92		6,555,276.92	
Total Investments	$0.00		$0.00		$0.00		$7,500,000.00		$7,500,000.00	
Total Assets	$99,731.06		$944,723.08		$8,661.32		$7,500,000.00		$8,553,115.46	

Liabilities and Net Assets

Current Liabilities
Accounts Payable
Total Current Liabilities

Long Term Liabilities

$1,668.33	$1,668.33

$1,668.33	$0.00	$0.00	$0.00	$1,668.33

Revenue Bonds Payable - Long-Term							$7,500,000.00		$7,500,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$7,500,000.00		$7,500,000.00	
Total Liabilities	$1,668.33		$0.00		$0.00		$7,500,000.00		$7,501,668.33	

Net Assets
Net Assets, Unrestricted	

$1,665.90								

$1,665.90	
Net Assets - General Government	42,088.88								42,088.88	
Current Year Net Assets - General Government	54,307.95								54,307.95	
Net Assets, Unrestricted			$640,952.39						640,952.39	
Current Year Net Assets, Unrestricted			303,770.69						303,770.69	
Net Assets, Unrestricted					$356,221.99				356,221.99	
Current Year Net Assets, Unrestricted					(347,560.67)				(347,560.67)	
Total Net Assets	$98,062.73		$944,723.08		$8,661.32		$0.00		$1,051,447.13	
										
Total Liabilities and Net Assets	$99,731.06		$944,723.08		$8,661.32		$7,500,000.00		$8,553,115.46	

Statement of Activities As of 7/31/2020

General Fund	Debt Service
Fund

Capital Projects Fund

Long-Term Debt Fund

Total

Revenues

On-Roll Assessments	$156,819.06								$156,819.06	
Off-Roll Assessments	72,297.82								72,297.82	
Other Income & Other Financing Sources	90.00								90.00	
On-Roll Assessments			$261,923.40						261,923.40	
Other Assessments			861,546.20						861,546.20	
Inter-Fund Group Transfers In			254,541.38						254,541.38	
Developer Contributions					$32,592.16				32,592.16	
Other Income & Other Financing Sources					4,666.11				4,666.11	
Inter-Fund Transfers In					(254,541.38)				(254,541.38)	
Total Revenues	$229,206.88		$1,378,010.98		($217,283.11)		$0.00		$1,389,934.75	

Expenses

Supervisor Fees	$3,400.00								$3,400.00	
Public Officials' Liability Insurance	2,537.00								2,537.00	
Trustee Services	6,411.13								6,411.13	
Management	16,666.70								16,666.70	
Engineering	937.50								937.50	
Dissemination Agent	6,500.00								6,500.00	
District Counsel	11,787.96								11,787.96	
Assessment Administration	12,500.00								12,500.00	
Audit	6,000.00								6,000.00	
Travel and Per Diem	57.24								57.24	
Postage & Shipping	419.44								419.44	
Copies	46.20								46.20	
Legal Advertising	1,509.53								1,509.53	
Miscellaneous	196.45								196.45	
Leased Space	4,721.22								4,721.22	
Web Site Maintenance	1,850.00								1,850.00	
Dues, Licenses, and Fees	175.00								175.00	
General Liability Insurance	3,101.00								3,101.00	
Property & Casualty	5,781.00								5,781.00	
Irrigation	50.62								50.62	
Landscaping Maintenance & Material	40,514.00								40,514.00	
Contingency	1,585.00								1,585.00	
Streetlights	17,731.05								17,731.05	
Swimming Pools	30,664.71								30,664.71	
Principal Payments			$675,000.00						675,000.00	
Interest Payments			404,692.21						404,692.21	
Engineering					$367.50				367.50	
District Counsel					1,622.50				1,622.50	
Landscaping Maintenance & Material					69,504.50				69,504.50	
Contingency					60,637.96				60,637.96	
Total Expenses	$175,142.75		$1,079,692.21		$132,132.46		$0.00		$1,386,967.42	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$243.82								$243.82	
Interest Income			$5,451.92						5,451.92	
Interest Income					$1,854.90				1,854.90	
Total Other Revenues (Expenses) & Gains (Losses)	$243.82		$5,451.92		$1,854.90		$0.00		$7,550.64	

Change In Net Assets	$54,307.95		$303,770.69		($347,560.67)		$0.00		$10,517.97	

Net Assets At Beginning Of Year	
$43,754.78		
$640,952.39		
$356,221.99		
$0.00		
$1,040,929.16	

Net Assets At End Of Year	

$98,062.73		

$944,723.08		

$8,661.32		

$0.00		

$1,051,447.13	

Budget to Actual
For the Month Ending 07/31/2020

Year To Date

Actual	Budget	Variance

FY 2020
Adopted Budget

Revenues

On-Roll Assessments	$156,819.06		$ 232,046.10		$	(75,227.04)		$ 278,455.32	
Off-Roll Assessments	72,297.82		-		72,297.82		-	
Other Income & Other Financing Sources	90.00		-		90.00		-	
Net Revenues	$	229,206.88		$ 232,046.10		$	(2,839.22)		$ 278,455.32	

General & Administrative Expenses

Supervisor Fees	$3,400.00		$	8,000.00		$	(4,600.00)		$	9,600.00	
Public Officials' Liability Insurance	2,537.00		2,165.83		371.17		2,599.00	
Trustee Services	6,411.13		5,000.00		1,411.13		6,000.00	
Management	16,666.70		16,666.67		0.03		20,000.00	
Engineering	937.50		12,500.00		(11,562.50)		15,000.00	
Dissemination Agent	6,500.00		4,166.67		2,333.33		5,000.00	
District Counsel	11,787.96		12,500.00		(712.04)		15,000.00	
Assessment Administration	12,500.00		10,416.67		2,083.33		12,500.00	
Reamortization Schedules	-		416.67		(416.67)		500.00	
Audit	6,000.00		5,000.00		1,000.00		6,000.00	
Travel and Per Diem	57.24		416.67		(359.43)		500.00	
Telephone	-		166.67		(166.67)		200.00	
Postage & Shipping	419.44		250.00		169.44		300.00	
Copies	46.20		1,166.67		(1,120.47)		1,400.00	
Legal Advertising	1,509.53		4,166.67		(2,657.14)		5,000.00	
Miscellaneous	196.45		7,229.13		(7,032.68)		8,675.00	
Playground Lease	4,721.22		5,245.80		(524.58)		6,294.96	
Property Taxes	-		166.67		(166.67)		200.00	
Web Site Maintenance	1,850.00		2,000.00		(150.00)		2,400.00	
Dues, Licenses, and Fees	175.00		145.83		29.17		175.00	
Total General & Administrative Expenses	$	75,715.37		$	97,786.62		$	(22,071.25)		$ 117,343.96	

Field Expenses

General Liability Insurance	$	3,101.00		$	2,646.67		$	454.33		$	3,176.00	
Property & Casualty Insurance	5,781.00		4,911.67		869.33		5,894.00	
Irrigation (Phase 1)	50.62		833.33		(782.71)		1,000.00	
Irrigation (Phase 2)	-		833.33		(833.33)		1,000.00	
Landscaping Maintenance & Material (Phase 1)	20,935.00		23,333.33		(2,398.33)		28,000.00	
Landscaping Maintenance & Material (Phase 2)	19,579.00		20,833.33		(1,254.33)		25,000.00	
Landscape Improvements - Mulch & Flowers (Phase 1)	-		1,666.67		(1,666.67)		2,000.00	
Landscape Improvements - Mulch & Flowers (Phase 2)	-		1,666.67		(1,666.67)		2,000.00	
Fertilization (Phase 1)	-		1,041.67		(1,041.67)		1,250.00	
Fertilization (Phase 2)	-		1,041.67		(1,041.67)		1,250.00	
Contingency	1,585.00		11,318.20		(9,733.20)		13,581.84	
Storm Clean-up/Repairs	-		12,500.00		(12,500.00)		15,000.00	
Streetlights (Phase 1)	17,731.05		8,983.37		8,747.68		10,780.04	
Streetlights (Phase 2)	-		7,208.33		(7,208.33)		8,650.00	
Field Management	-		4,166.67		(4,166.67)		5,000.00	
Total Field Expenses	$	68,762.67		$ 102,984.91		$	(34,222.24)		$ 123,581.88	

Cabana & Pool Expenses
Inter-Governmental Expense (Holly Hill Road East CDD)	

$	30,664.71		

$	32,107.90		

$	(1,443.19)		

$	38,529.48	
Total Cabana & Pool Expenses	$	30,664.71		$	32,107.90		$	(1,443.19)		$	38,529.48	

Total Expenses	
  $	175,142.75 		
  $ 232,879.43 		
   $	(57,736.68)		
  $ 279,455.32 	

Other Revenues (Expenses) & Gains (Losses

Interest Income	$	243.82		$	833.33		$	(589.51)		$	1,000.00	
Total Other Revenues (Expenses) & Gains (Losses)	$	243.82		$	833.33		$	(589.51)		$	1,000.00	
Net Income (Loss)	$	54,307.95		$	-		$	54,307.95		$	-	

Staff Reports

Approval of Audit Documents

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