North Boulevard Community Development District

Agenda April 16, 2024

North Boulevard
Community Development District

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

April 9, 2024

Board of Supervisors North Boulevard
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of North Boulevard Community Development District will be held Tuesday, April 16, 2024 at 11:30 AM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.

Those members of the public wishing to attend the meeting can do so using the information below:

Zoom  Video  Link:  https://us06web.zoom.us/j/83469785216
Zoom Call-In Information: 1-646-876-9923
Meeting ID: 834 6978 5216

Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of Minutes of the February 20, 2024 Board of Supervisors Meeting
Review and Acceptance of Fiscal Year 2023 Audit Report
Consideration of Resolution 2024-04 Adopting an Updated Meeting Schedule
Consideration of Resolution 2024-05 Approving the Proposed Fiscal Year 2025 Budget and Setting a Public Hearing
Consideration of Resolution 2024-06 Designating a Date, Time and Location for the Landowners’
Election and Meeting
Staff Reports
Attorney
Ethics Training Workshop Reminder:
April 30th & May 30th 10:00 a.m.- 12:00 p.m. via Zoom Webinar
Engineer
Consideration of Work Authorization 2024-2 for Annual Engineer’s Report
Field Manager’s Report
Consideration of Proposal from GMS for Sign Installation at Jefferson & Taft
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

Sincerely,

Tricia L. Adams Tricia L. Adams, District Manager

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MINUTES OF MEETING NORTH BOULEVARD
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the North Boulevard Community Development District was held Thursday, February 20, 2024 at 11:30 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida and by Zoom.

Present and constituting a quorum:

Lindsey Roden	Vice Chairperson
Bobbie Henley	Assistant Secretary
Emily Cassidy	Assistant Secretary
Jessica Petrucci	Assistant Secretary Also present were:
Monica Virgen	District Manager, GMS
Tricia Adams	District Manager, GMS
Meredith Hammock	District Counsel, KVW Law
Molly Maggiano	District Counsel, KVW Law
Chase Arrington by Zoom	District Engineer, Dewberry
Marshall Tindall	Field Services, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Virgen called the meeting to order and called the roll. There were four Board members in attendance constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Virgen stated there were no members of the public in attendance and no members of the public joining via Zoom.

THIRD ORDER OF BUSINESS	Approval of Minutes of the January 16,
2024 Board of Supervisors Meeting
Ms. Virgen presented the minutes from the January 16, 2024 Board of Supervisor’s meeting. She noted that the meeting minutes have been reviewed by District Counsel as well as District Management Staff. The Board had no changes to the minutes.

On MOTION by Ms. Roden, seconded by Ms. Henley, with all in favor, the Minutes of the January 16, 2024 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration of Polk County Contract
Agreement
Ms. Virgen presented the contract agreement to the Board and stated that this is the non- ad valorem contract agreement with the property appraiser which is an annual agreement that allows the CDD to collect assessments on the property tax bill. She offered to answer any Board questions.

On MOTION by Ms. Roden, seconded by Ms. Petrucci, with all in favor, the Polk County Contract Agreement, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-02
Relating to the General Election Seats and Qualifying Period Notice of Procedure
Ms. Virgen stated that this resolution identifies that Seats 4 and 5 are transitioning to the general election process beginning in November of this year. The District is required to report the qualifying period on the record and the qualifying period with the Polk County Elections Office is from noon on June 10, 2024 through noon June 14, 2024. Seat number 4 is currently held by Ms. Henley and Seat 5 is held by Jessica Petrucci. She offered to answer any questions the Board may have. Hearing none she asked for a motion of approval.

On MOTION by Ms. Henley, seconded by Ms. Petrucci, with all in favor, Resolution 2024-02 Relating to the General Election Seats and Qualifying Period Notice of Procedure, was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-03
Authorizing the Investment of Surplus and Reserve Funds
Ms. Adams noted that this resolution will provide framework for investment guidelines that gives the Board all options that are consistent with Florida statutes: local government surplus trust fund, money market funds, certificates of deposit or U.S. Treasury notes. If approved this resolution will also authorize the District Manager to open an account with the State Board of Administration or a money market account depending on which one has better interest earnings. She offered to answer any Board questions. Hearing no questions, there was a motion of approval.

On MOTION by Ms. Petrucci, seconded by Ms. Roden, with all in favor, Resolution 2024-03 Authorizing the Investment of Surplus and Reserve Funds, was approved.

SEVENTH ORDER OF BUSINESS	Ratification of License Agreement with
HOA for Cookies and Music Event
Ms. Virgen noted the event was held on February 17th and offered to answer any Board questions.

On MOTION by Ms. Henley, seconded by Ms. Petrucci, with all in favor, License Agreement with HOA for Cookies and Music Event, was ratified.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hammock stated that her firm is putting together workshops for the required ethics training that will consist of two days of two-hour sessions. She will bring back date options for the board once those are available.

Engineer
Mr. Arrington gave the Board a brief update of the intersection improvements. A map was provided in the agenda packet. Ms. Adams added that the Board had previously authorized staff to submit an application to the city and wanted to share the diagram with the Board for their awareness of the status of the project. She asked if the Board had any questions and stated that the Board was happy with the form of the diagram and that they are ready to submit the application.

Field Manager’s Report
Mr. Tindall gave a summary of the field manager’s report to the Board. Things are fairly quiet due to the winter season. Landscape is being maintained and kept up as spring is around the corner. Cleanup and minor repairs on the playground have been taken care of. There have been complaints of the vendors placing unauthorized signage and staff has been instructed to pick them all up. Mr. Tindall offered to answer any Board questions. There being none, the next item followed.

District Manager’s Report
Approval of Check Register
Ms. Virgen presented the check to the Board from December 1st through December 31st totaling $16,958.11. She asked if the Board had any questions. Hearing none she asked for a motion to approve the check register.

On MOTION by Ms. Henley, seconded by Ms. Roden with all in favor, the Check Register totaling $16,958.11, was approved.

Balance Sheet and Income Statement
Ms. Virgen reviewed the unaudited financials through the end of November. No action was required.

NINTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There was a Board request to adjust the meeting time and schedule. Ms. Adams stated that they will look at the meeting schedule for the third Tuesday of the month and bring back a consideration of revised meeting schedule for the remainder of the fiscal year.

ELEVENTH ORDER OF BUSINESS	Adjournment
Ms. Virgen adjourned the meeting.

On MOTION by Ms. Roden, seconded by Ms. Petrucci, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT
CITY OF HAINES CITY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT CITY OF HAINES CITY, FLORIDA

TABLE OF CONTENTS

	Page	
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-21	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
22	
Notes to Required Supplementary Information	23	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	24	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

25-26	
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	

27	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
28-29	

INDEPENDENT AUDITOR’S REPORT
To the Board of Supervisors
North Boulevard Community Development District City of Haines City, Florida

951 Yamato Road ▪ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

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 North Boulevard Community Development District, City of Haines City, Florida ("District") as of and for the fiscal year ended September 30, 2023, 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, 2023, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures
include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated February 22, 2024, 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.

February 22, 2024

MANAGEMENT’S DISCUSSION AND ANALYSIS

The management of the North Boulevard Community Development District, City of Haines City, Florida (“District”) would like to offer the readers of the District’s financial statements this discussion and analysis of the District’s financial activities for the fiscal year ended September 30, 2023. 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 $1,068,758.

The change in the District’s total net position in comparison with the prior fiscal year was ($83,717), a decrease. 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, 2023, the District’s governmental funds reported combined ending fund balances of
$681,555, an increase of $44,760 in comparison with the prior fiscal year. A portion of fund balance is non-spendable for prepaid items and deposits, restricted for debt service and capital projects, assigned for subsequent year’s expenditures and capital reserves, 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 and liabilities, with the difference between the two 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 assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management), amenity, 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, the 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 balance 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, all of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. 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,
2023	2022	
Assets, excluding capital assets	$	684,512	$	674,010	
Capital assets, net of depreciation	6,945,340	7,210,464	
Total assets	7,629,852	7,884,474	
Liabilities, excluding long-term liabilities	138,952	175,393	
Long-term liabilities	6,422,142	6,556,606	
Total liabilities	6,561,094	6,731,999	
Net Position
Net investment in capital assets	
529,989	
660,349	
Restricted	370,153	343,259	
Unrestricted	168,616	148,867	
Total net position	$	1,068,758	$	1,152,475	

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 decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the cost of operations and depreciation expense exceeded ongoing program revenues.
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,
2023	2022

Revenues:
Program revenues
Charges for services	
$	805,883	
$	800,009	
Operating grants and contributions	18,980	1,616	
Capital grants and contributions	300	140	
General revenues
Miscellaneous	
12,162	
-	
Total revenues	837,325	801,765	
Expenses:
General government	
94,641	
94,867	
Maintenance and operations	392,719	361,402	
Amenity	105,009	88,493	
Interest	328,673	334,108	
Total expenses	921,042	878,870	
Change in net position	(83,717)	(77,105)	
Net position - beginning	1,152,475	1,229,580	
Net position - ending	$	1,068,758	$	1,152,475	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2023 was $921,042. The costs of the District’s activities were primarily funded by program revenues. Program revenues, comprised primarily of assessments, increased during the fiscal year as a result of an increase in interest income and miscellaneous revenue. Expenses increased mainly due to an increase in maintenance and repairs.

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. The general fund budget for the fiscal year ended September 30, 2023 was amended to increase revenues by $13,524 and increase appropriations by $14,224. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2023.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At September 30, 2023, the District had $7,953,699 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $1,008,359 has been taken, which resulted in a net book value of $6,945,340. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt
At September 30, 2023, the District had $6,435,000 in Bonds outstanding. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET
The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide property 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 North Boulevard Community Development District’s Finance Department at 219 E. Livingston Street, Orlando FL, 32801.

NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT CITY OF HAINES CITY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2023

	Governmental
	Activities		
ASSETS		
Cash	$	129,450	
Assessments receivable	1,985	
Prepaids and deposits	21,305	
Restricted assets:		
Cash	20,000	
Investments	511,772	
Capital assets:		
Depreciable, net		6,945,340 	
Total assets		7,629,852 	
LIABILITIES		
Accounts payable	2,957	
Accrued interest payable	135,995	
Non-current liabilities:		
Due within one year	125,000	
Due in more than one year		6,297,142 	
Total liabilities		6,561,094 	
NET POSITION		
Net investment in capital assets	529,989	
Restricted for debt service	370,153	
Unrestricted		168,616 	
Total net position	 $	1,068,758 	

See notes to the financial statements

NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT CITY OF HAINES CITY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

Program Revenues
Charges	Operating	Capital

Net (Expense) Revenue and Changes in Net Position

for		Grants and		Grants and	Governmental Functions/Programs		Expenses	Services	Contributions	Contributions		Activities	 Primary government:
Governmental activities:
General government	$	94,641	$	94,641	$	-	$	-	$	-	
Maintenance and operations	392,719	240,191	-	300	(152,228)	
Amenity	105,009	-	-	-	(105,009)	
Interest on long-term debt		328,673	471,051	18,980	-	161,358 
Total governmental activities		921,042	805,883	18,980	300	(95,879) 

General revenues:		
Miscellaneous		12,162 	
Total general revenues		12,162 	
Change in net position	(83,717)	
Net position - beginning		1,152,475 	
Net position - ending	 $	1,068,758 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2023

ASSETS

	Major Funds	
Debt		Capital General	Service	Projects

Total Governmental Funds

Cash	$	129,450	$	-	$	20,000	$	149,450	
Investments	-	504,981	6,791	511,772	
Assessments receivable	825	1,160	-	1,985	
Due from other funds	-	7	-	7	
Prepaids and deposits	21,305	-	-	21,305	
Total assets	 $	151,580	$	506,148	$	26,791	$	684,519 

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$

2,957	$

-	$	-

$	2,957

Due to other funds	7	-	-	7

Total liabilities	2,964	-	-	2,964

Fund balances:
Nonspendable:
Prepaids and deposits	21,305	-	-	21,305	
Restricted for:					
Debt service	-	506,148	-	506,148	
Capital projects	-	-	6,791	6,791	
Assigned to:					
Subsequent Year's Expenditures	53,385	-	-	53,385	
Capital reserves	-	-	20,000	20,000	
Unassigned	73,926	-	-	73,926	
Total fund balances	148,616	506,148	26,791	681,555	

Total liabilities and fund balances	
$	151,580	
$	506,148	
$	26,791	
$	684,519	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2023

Total fund balances - governmental funds	$	681,555

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 in the net position of the government as a whole.
Cost of capital assets	7,953,699
Accumulated depreciation	  (1,008,359)    6,945,340
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.
Accrued interest payable	(135,995)
Bonds payable	  (6,422,142)   (6,558,137) 
Net position of governmental activities	 $	1,068,758 

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

	Major Funds		Total

Debt	Capital
General	Service	Projects

Governmental Funds

REVENUES		
Assessments	$	334,832	$	471,051	$	-	$	805,883	
Interest income	-	18,980	300	19,280	
Miscellaneous	12,162	-	-	12,162	
Total revenues	346,994	490,031	300	837,325	

EXPENDITURES
Current:
General government	94,641	-	-	94,641	
Maintenance and operations	151,350	-	-	151,350	
Amenity	81,254	-	-	81,254	
Debt service:
Principal	
-	
135,000	
-	
135,000	
Interest	-	330,320	-	330,320	
Total expenditures	327,245	465,320	-	792,565	

Excess (deficiency) of revenues
over (under) expenditures	19,749	

24,711	

300	

44,760	

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

(20,000)	

-	

20,000	

-	
Total other financing sources (uses)	(20,000)	-	20,000	-	

Net change in fund balances	
(251)	
24,711	
20,300	
44,760	
Fund balances - beginning	148,867	481,437	6,491	636,795	

Fund balances - ending	
$	148,616	
$	506,148	
$	26,791	
$	681,555	

See notes to the financial statements

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, 2023

are different because:		
Depreciation of capital assets is not recognized in the governmental fund statements but is reported as an expense in the statement of activities.	

(265,124)	
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

135,000	
Amortization of Bond discounts is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

(536)	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the fund financial statements.	

	2,183 	
Change in net position of governmental activities	 $	(83,717) 	

Net change in fund balances - total governmental funds	$ Amounts reported for governmental activities in the statement of activities

44,760

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

North Boulevard Community Development District ("District") was established by Ordinance No. 17-1555, adopted by City of Haines City, Florida on April 6, 2017 and created pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. 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 owners of the property within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2023 certain Board members are affiliated with HH CR 547 Investors I, LLC (“Developer”).

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

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting; however, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed 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
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District as well as funds set aside for capital reserves.

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 District’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 on hand and demand deposits are considered to be cash and cash equivalents.
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.
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 asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are completed and placed in service.

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years	
Stormwater management	30	
Roadways	30	
Entry features	30	
Parks & amenities	30	

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

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

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably 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 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.

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

Other Disclosures

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

NOTE 3 – BUDGETARY INFORMATION

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

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
A public hearing is conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.
NOTE 4 – DEPOSITS AND INVESTMENTS

Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.
Investments
The District’s investments were held as follows at September 30, 2023:

First American Treasury Obligations

 Amortized Cost	Credit Risk	Maturities	
Weighted average of the

Fund CL Y
Total Investments

 $	511,772 
 $	511,772 

S&P AAAm

portfolio: 15 days

Investments (Continued)
Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.
Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.
However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 5 – INTERFUND RECEIVABLES TRANSFERS
Interfund transfers for the fiscal year ended September 30, 2023 were as follows:
 Fund	Transfer in	Transfer out 
General	$	-	$	20,000	
Capital projects		20,000	-		
Total	 $	20,000 $	20,000 	

Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the general fund to the capital projects fund were made in order to fund the capital reserves.

Capital asset activity for the fiscal year ended September 30, 2023 was as follows:

Beginning Balance

Additions	Reductions

Ending Balance

Capital assets, being depreciated
Stormwater management	$	5,085,087	$	-	$	-	$	5,085,087	
Roadways	1,829,313	-	-	1,829,313	
Entry features	326,663	-	-	326,663	
Parks & amenities	712,636	-	-	712,636	
Total capital assets, being depreciated	7,953,699	-	-	7,953,699	

Less accumulated depreciation for:			
Stormwater management	475,598	169,503	-	645,101	
Roadways	172,768	60,977	-	233,745	
Entry features	30,852	10,889	-	41,741	
Parks & amenities	64,017	23,755	-	87,772	
Total accumulated depreciation	743,235	265,124	-	1,008,359	

Total capital assets, being depreciated, net	
7,210,464	
(265,124)	
-	6,945,340	

Governmental activities capital assets	
$	7,210,464	
$	(265,124)	
$	-	$	6,945,340	

Depreciation was charged to the following:

Maintenance and operations	$	241,369	
Amenity		23,755 	
Total	 $	265,124 	

NOTE 7 – LONG-TERM LIABILITIES

Series 2017 Bonds
On October 16, 2017, the District issued $4,965,000 of Special Assessment Bonds, Series 2017 consisting of multiple term Bonds with due dates ranging from May 1, 2023 to May 1, 2048 and fixed interest rates ranging from 3.5% to 5%. The Bonds were issued to finance the acquisition, construction and equipping of certain improvements for the benefit of the District. 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, 2019 through May 1, 2048.

The Series 2017 Bonds are subject to redemption at the option of the District prior to their maturity. The Series 2017 Bonds are subject to optional and 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
$5,000 of the Series 2017 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, 2023.

Series 2019 Bonds
On January 17, 2019, the District issued $4,335,000 of Special Assessment Bonds, Series 2019 consisting of multiple term Bonds with due dates ranging from November 1, 2024 to November 1, 2049 and fixed interest rates ranging from 4.25% to 5.625%. The Bonds were issued to finance the acquisition, construction and equipping of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing November 1, 2020 through November 1, 2049.
The Series 2019 Bonds are subject to redemption at the option of the District prior to their maturity. The Series 2019 Bonds are subject to optional and 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
$5,000 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, 2023.
Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2023 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities Bonds payable
Series 2017	

$	3,615,000	

$	-	$	

80,000	

$	3,535,000	

$	75,000	
Less: issuance discount	(13,394)	-	(536)	(12,858)	-	
Series 2019	2,955,000	-	55,000	2,900,000	50,000	
Total	$	6,556,606	$	-	$	134,464	$	6,422,142	$	125,000	
At September 30, 2023, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

	Governmental Activities	

  September 30:	Principal	Interest	Total	
2024	$	125,000	$	325,326	$	450,326	
2025	135,000	320,020	455,020	
2026	140,000	314,265	454,265	
2027	150,000	308,049	458,049	
2028	150,000	301,509	451,509	
2029-2033	880,000	1,393,006	2,273,006	
2034-2038	1,135,000	1,147,616	2,282,616	
2039-2043	1,460,000	824,184	2,284,184	
2044-2048	1,875,000	393,780	2,268,780	
2049-2050		385,000	22,078	407,078 	
	 $	6,435,000  $	5,349,833  $	11,784,833 	

NOTE 8 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

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

NOTE 10 – INTERLOCAL AGREEMENT

The District has entered into an interlocal agreement with Holly Hill Road East Community Development District (“HHRE”) for the shared costs of maintaining certain amenities available to residents within the District and HHRE.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

		Budgeted Amounts	 Original	Final

Actual Amounts

Variance with Final Budget - Positive (Negative)

REVENUES		
Assessments	$	332,645	$	334,007	$	334,832	$	825	
Miscellaneous	-	12,162	12,162	-	
Total revenues	332,645	346,169	346,994	825	

EXPENDITURES
Current:
General government	118,210	109,295	94,641	14,654	
Maintenance and operations	147,281	170,884	151,350	19,534	
Amenity	81,718	81,254	81,254	-	
Total expenditures	347,209	361,433	327,245	34,188	

Excess (deficiency) of revenues over (under) expenditures	

(14,564)	

(15,264)	

19,749	

35,013	

OTHER FINANCING SOURCES
Interfund transfer in (out)	(10,000)	(20,000)	(20,000)	-	
Use of fund balance	24,564	35,264	-	35,264	
Total other financing sources (uses)	14,564	15,264	(20,000)	35,264	

Net change in fund balances	
 $	-	$	-		
(251)	
 $	70,277 	

Fund balance - beginning		148,867 

Fund balance - ending	 $	148,616 

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. The general fund budget for the fiscal year ended September 30, 2023 was amended to increase revenues by $13,524 and increase appropriations by $14,224. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2023.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s
fiscal year being reported.	0	
Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being
reported.	
8	
Employee compensation	0	
Independent contractor compensation	$	293,622.95	
Construction projects to begin on or after October 1; ($65K)	Not applicable	

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;		
Special assessment rate	Operations and maintenance - $919.49
Debt service - $1,146.24, $1,398.96, 1,301.08, 1,303.76	
Special assessments collected	$805,883	
Outstanding Bonds:	see Note 7 for details	

951 Yamato Road ▪ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

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
North Boulevard Community Development District City of Haines City, 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 North Boulevard Community Development District, City of Haines City, Florida (“District”) as of and for the fiscal year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated February 22, 2024.
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 have not been identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

February 22, 2024

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
North Boulevard Community Development District City of Haines City, Florida
We have examined North Boulevard Community Development District, City of Haines City, 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, 2023. 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, 2023.
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 North Boulevard Community Development District, City of Haines City, Florida and is not intended to be and should not be used by anyone other than these specified parties.

February 22, 2024

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
North Boulevard Community Development District City of Haines City, Florida
Report on the Financial Statements

We have audited the accompanying basic financial statements of North Boulevard Community Development District, City of Haines City, Florida ("District") as of and for the fiscal year ended September 30, 2023, and have issued our report thereon dated February 22, 2024.
Auditor’s Responsibility

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

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated February 22, 2024, should be considered in conjunction with this management letter.

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

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

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

We wish to thank North Boulevard Community Development District, City of Haines City, 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.

February 22, 2024

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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

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

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2022.
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, 2023.
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, 2023.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2023. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 24.

!!"#$%& 5

RESOLUTION 2024-04
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN AMENDED ANNUAL MEETING SCHEDULE FOR REMAINING FISCAL YEAR 2024 MEETING DATES; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the North Boulevard Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within the City of Haines City, Polk County, Florida; and

WHEREAS, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi-annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

WHEREAS, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and
WHEREAS, the Board desires to adopt an amended Fiscal Year 2024 annual meeting schedule for remaining meeting dates attached as Exhibit A.
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The Fiscal Year 2024 amended annual meeting schedule for remaining dates attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

SECTION 2. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 16TH DAY OF APRIL 2024.
ATTEST:	NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	

Exhibit A:	Amended Annual Meeting Schedule

Exhibit A
NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT AMENDED NOTICE OF MEETINGS FOR FISCAL YEAR 2024 [CHANGE IN MEETING TIME]

The Board of Supervisors of the North Boulevard Community Development District will hold the regular meetings for Fiscal Year 2024 on the third Tuesday of every month at 11:00 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Boulevard, Winter Haven, Florida 33880, unless otherwise indicated, as follows:

May 21, 2024
June 18, 2024
July 16, 2024
August 20, 2024
September 17, 2024
The meetings will be open to the public and will be conducted in accordance with the provision of Florida law for community development districts. The meetings may be continued to a date, time and place to be specified on the record at a meeting. A copy of the agenda for the meetings listed above may be obtained from Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524.
There may be occasions when one or more Supervisors will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at the meetings because of a disability or physical impairment should contact the District Manager’s Office at (407) 841-5524 at least three (3) business days prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1- 800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

District Manager

!!"#$%& 6

RESOLUTION 2024-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2025; DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGETS PURSUANT TO CHAPTERS 170, 190, AND 197, FLORIDA STATUTES; SETTING PUBLIC HEARINGS; ADDRESSING PUBLICATION; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the North Boulevard Community Development District (“District”) prior to June 15, 2024, proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“Fiscal Year 2025”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 170, 190, and 197, Florida Statutes (“Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and

WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the Proposed Budget, including the Assessments, and desires to set the required public hearings thereon.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2025 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
DECLARING ASSESSMENTS. Pursuant to Chapters 170, 190, and 197, Florida Statutes, the Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the Assessments are described in the Proposed Budget, all of which are on file and available for public inspection at the “District’s Office,” 219 E. Livingston Street, Orlando, Florida 32801. The Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available for public inspection at the District’s Office. The Assessments shall be paid in one or more installments pursuant to a bill issued by the District in November of 2024, and pursuant to Chapter 170, Florida

Statutes, or, alternatively, pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes.

SETTING PUBLIC HEARINGS. Pursuant to Chapters 170, 190, and 197, Florida Statutes, public hearings on the approved Proposed Budget and the Assessments are hereby declared and set for the following date, hour and location:
DATE:		, 2024

HOUR:		
LOCATION:		

TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENTS. The District Manager is hereby directed to submit a copy of the Proposed Budget to the City of Haines City and Polk County at least 60 days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 3 and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. The District shall cause this Resolution to be published once a week for a period of two weeks in a newspaper of general circulation published in Polk County. Additionally, notice of the public hearings shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
[Signature page follows]

PASSED AND ADOPTED THIS 16TH DAY OF APRIL 2024.

ATTEST:	NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT
By: 	
Secretary	Its: 	

Exhibit A:	Proposed Budget for Fiscal Year 2025

Exhibit A
Proposed Budget for Fiscal Year 2025

[See following pages]

North Boulevard
Community Development District

Proposed Budget
FY 2025

6M3

Table of Contents

1-2		General Fund	

3-6	
	General Fund Narrative	

7	
	Series 2017 Debt Service Fund	

8	
	Series 2017 Amortization Schedule	

9	
	Series 2019 Debt Service Fund	

10	
	Series 2019 Amortization Schedule	

11	
	Capital Reserve Fund	

Adopted
Budget	Actuals
Thru	Projected
Next	Projected
Thru	Proposed
Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Revenues						
Assessments - On Roll	$	332,645	$	326,435	$	6,210	$	332,645	$	709,912	
Carryforward Balance	$	53,385	$	-	$	28,235	$	28,235	$	-	
Total Revenues	$	386,030	$	326,435	$	34,445	$	360,880	$	709,912	

Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	2,600	$	7,000	$	9,600	$	12,000	
Engineering Fees	$	10,000	$	1,245	$	4,227	$	5,472	$	10,000	
Dissemination Agent	$	6,500	$	2,708	$	3,792	$	6,500	$	6,825	
Attorney Fees	$	15,000	$	6,744	$	9,441	$	16,185	$	19,000	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,250	
Annual Audit	$	4,800	$	4,800	$	-	$	4,800	$	4,900	
Trustee Fees	$	7,780	$	7,758	$	-	$	7,758	$	7,780	
Management Fees	$	40,124	$	16,718	$	23,406	$	40,124	$	45,000	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,890	
Website Maintenance	$	1,200	$	500	$	700	$	1,200	$	1,260	
Postage & Delivery	$	1,100	$	1,545	$	395	$	1,939	$	1,100	
Telephone	$	50	$	-	$	50	$	50	$	50	
Printing & Binding	$	400	$	6	$	120	$	126	$	400	
Insurance	$	8,455	$	6,818	$	-	$	6,818	$	8,455	
Legal Advertising	$	4,000	$	-	$	1,935	$	1,935	$	4,000	
Contingency	$	3,000	$	196	$	1,304	$	1,500	$	3,000	
Office Supplies	$	100	$	2	$	29	$	30	$	100	
Dues, Licenses & Fees	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	121,484	$	57,565	$	53,447	$	111,012	$	131,185	

Adopted
Budget	Actuals
Thru	Projected
Next	Projected
Thru	Proposed
Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Operation and Maintenance						
Field Expenditures
Field Management	
$	8,348	
$	3,478	
$	4,869	
$	8,348	
$	8,348	
Electric	$	8,395	$	3,372	$	3,872	$	7,244	$	9,490	
Streetlights	$	26,450	$	9,790	$	16,660	$	26,450	$	30,418	
Property Insurance	$	6,333	$	4,918	$	-	$	4,918	$	6,333	
Landscape Maintenance	$	58,860	$	24,525	$	34,335	$	58,860	$	58,860	
Landscape Replacement & Enhancement	$	20,000	$	-	$	10,000	$	10,000	$	20,000	
Irrigation Repairs	$	5,500	$	546	$	2,750	$	3,296	$	5,500	
ROW - Tree Inspections	$	-	$	-	$	-	$	-	$	10,625	
ROW - Tree Replacements	$	-	$	-	$	-	$	-	$	236,000	
General Field Repairs & Maintenance	$	15,000	$	5,756	$	9,244	$	15,000	$	15,000	
Contingency	$	10,000	$	960	$	9,040	$	10,000	$	10,000	
Subtotal	 $	158,886	$	53,346	$	90,769	$	144,115	$	410,573 	

Amenity Expenditures
Inter-Governmental Expense	

$	87,366	

$	-	

$	87,366	

$	87,366	

$	92,509	
Playground Lease	$	6,295	$	2,623	$	3,672	$	6,295	$	6,295	
Trash Collection	$	2,000	$	866	$	1,225	$	2,091	$	2,100	

Pest Control

Subtotal

 $	-	$	-	$	-	$	-	$	960 
 $	95,661	$	3,489	$	92,263	$	95,752	$	100,904 

Subtotal Operations & Maintenance	$	254,546	$	56,835	$	183,032	$	239,868	$	511,477	

Other Financing Sources/Uses:
Capital Reserve	

$	10,000	

$	-	

$	10,000	

$	10,000	

$	67,250	
Total Other Financing Sources/Uses	$	10,000	$	-	$	10,000	$	10,000	$	67,250	
						
Total Expenditures	$	386,030	$	114,400	$	246,480	$	360,880	$	709,912	
						
Excess Revenues/(Expenditures)	$	-	$	212,035	$  (212,035)	$	0	$	-	

Net Assessments	$709,912	
Add: Discounts & Collections 7%	$53,434	
Gross Assessments	$763,346	

Product	ERU's	Assessable Units	ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Platted	389.00	389.00	1.00	$709,911.76	$1,824.97	$1,962.33	

Product

FY 2025 Gross FY 2024 Gross Per Increase/(Decrease
Per Unit	Unit

)

Platted

$	1,962.33  $

919.49 $

1,042.84

North Boulevard Community Development District
General Fund Budget

REVENUES:

Assessments

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. Amount is based on 5 Supervisors attending 5 meetings during the fiscal year.

Engineering Fees

The District's engineer will provide general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2019 and 2022 bond series. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Attorney Fees

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Assessment Administration

The District is contracted with Governmental Management Services – Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Trustee Fees

The District will pay annual trustee fees for the Series 2017 and Series 2019 bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

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. Governmental Management Services – Central Florida, LLC provides these services.

Postage & Delivery

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

Telephone

Telephone and fax machine.

Printing & Binding

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

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc in a newspaper of general circulation.

Property Taxes

Represents costs related to the county property tax.

Contingency

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Costs for general office supplies needed for the district.

Dues, Licenses & Subscriptions

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

Operation and Maintenance Field Expenditures:

Field Management

The District is contracted with Governmental Management Services-Central Florida, LLC for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Street Lights

Encompasses the budgeted amount for the District’s decorative light poles and fixtures in various locations.

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Landscape Maintenance

Represents the maintenance of the landscaping within the common areas of the District.

Landscape Replacement & Enhancement

Represents the estimated cost of replacing landscaping within the common areas of the District. This includes annual mulching and yearly general plant and sod replacements.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

Right of Way Tree Inspections

Represents cost associated with inspections of vegetated verge abutting residential lots in cases where property owners are failing to maintain trees in accordance with Haines City landscape ordinances. Field staff will inspect the area, photograph/document lack of maintenance, report to HOA for enforcement of recorded declarations, coordinate inspections with Haines City code compliance staff, coordinate communication with property owners, and coordinate with landscape service providers.

Right of Way Tree Replacements

Represents cost associated with tree replacements within the vegetated verge abutting residential homes in cases where residential property owners have not complied with Haines City landscape ordinances.

General Field Repairs & Maintenance

The estimated costs that the District will incur for repairs and maintenance. This includes sidewalks, roads, fences, lighting features, and monuments.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenses

Inter-Governmental Expense – Holly Hill Road East CDD

The District entered into an Interlocal Agreement with Holly Hill Road East Community Development District (CDD) for the use of their amenity facilities. This cost is based on the overall amenity budget of Holly Hill Road East CDD.

Playground Lease

The District has entered into a leasing agreement for playgrounds installed in the community.

Trash Collection

Represents the cost incurred for waste collection throughout the district.

Other Financing Sources/Uses

Capital Reserve

Represents projected excess funds transfer out to the Capital Reserve Fund

North Boulevard
Community Development District Proposed Budget
Debt Service Fund Series 2017	
		Adopted
Budget	Actuals
Thru	Projected
Next	Projected
Thru	Proposed
Budget	
	Description	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Revenues							
Assessments - Tax Roll	$	258,211	$	253,391	$	4,820	$	258,211	$	258,211	
Interest	$	-	$	4,285	$	5,999	$	10,283	$	5,142	
Carry Forward Surplus (1)	$	130,653	$	131,964	$	-	$	131,964	$	156,932	
Total Revenues	$	388,864	$	389,640	$	10,818	$	400,458	$	420,284	

Expenditures						
Interest - 11/1	$	84,263	$	84,263	$	-	$	84,263	$	82,726	
Principal - 5/1	$	75,000	$	-	$	75,000	$	75,000	$	80,000	
Interest - 5/1	$	84,263	$	-	$	84,263	$	84,263	$	82,726	
Total Expenditures	$	243,526	$	84,263	$	159,263	$	243,526	$	245,451	
						
Excess Revenues/(Expenditures)	$	145,338	$	305,377	$	(148,445)	$	156,932	$	174,833	
				
Interest - 11/1	
 $	81,085.63	

(1) Carryforw	
ard Surplus is net of Debt Servi	
ce Reserve Funds			Total	$	81,085.63	
Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	44.00	$46,904.14	$1,066.00	$1,146.24		
Single Family	35.00	$45,536.15	$1,301.03	$1,398.96		
Single Family	137.00	$165,770.60	$1,210.00	$1,301.08		
		$258,210.89				

North Boulevrd Community Development District Series 2017 Special Assessment Bonds
Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	3,460,000.00	$	
05/01/25	$	3,460,000.00	$	80	
11/01/25	$	3,380,000.00	$	
05/01/26	$	3,380,000.00	$	85	
11/01/26	$	3,295,000.00	$	
05/01/27	$	3,295,000.00	$	90	
11/01/27	$	3,205,000.00	$	
05/01/28	$	3,205,000.00	$	90	
11/01/28	$	3,115,000.00	$	
05/01/29	$	3,115,000.00	$	95	
11/01/29	$	3,020,000.00	$	
05/01/30	$	3,020,000.00	$	100	
11/01/30	$	2,920,000.00	$	
05/01/31	$	2,920,000.00	$	105	
11/01/31	$	2,815,000.00	$	
05/01/32	$	2,815,000.00	$	110	
11/01/32	$	2,705,000.00	$	
05/01/33	$	2,705,000.00	$	115	
11/01/33	$	2,590,000.00	$	
05/01/34	$	2,590,000.00	$	120	
11/01/34	$	2,470,000.00	$	
05/01/35	$	2,470,000.00	$	125	
11/01/35	$	2,345,000.00	$	
05/01/36	$	2,345,000.00	$	130	
11/01/36	$	2,215,000.00	$	
05/01/37	$	2,215,000.00	$	140	
11/01/37	$	2,075,000.00	$	
05/01/38	$	2,075,000.00	$	145	
11/01/38	$	1,930,000.00	$	
05/01/39	$	1,930,000.00	$	155	
11/01/39	$	1,775,000.00	$	
05/01/40	$	1,775,000.00	$	160	
11/01/40	$	1,615,000.00	$	
05/01/41	$	1,615,000.00	$	170	
11/01/41	$	1,445,000.00	$	
05/01/42	$	1,445,000.00	$	175	
11/01/42	$	1,270,000.00	$	
05/01/43	$	1,270,000.00	$	185	
11/01/43	$	1,085,000.00	$	
05/01/44	$	1,085,000.00	$	195	
11/01/44	$	890,000.00	$	
05/01/45	$	890,000.00	$	205	
11/01/45	$	685,000.00	$	
05/01/46	$	685,000.00	$	215	
11/01/46	$	470,000.00	$	
05/01/47	$	470,000.00	$	230	
11/01/47	$	240,000.00	$	
05/01/48	$	240,000.00	$	240	
			$	3,610	

$	82,725.63	$	241,988.75	
$	82,725.63		
$	81,085.63	$	243,811.25	
$	81,085.63		
$	79,343.13	$	245,428.75	
$	79,343.13		
$	77,498.13	$	246,841.25	
$	77,498.13		
$	75,653.13	$	243,151.25	
$	75,653.13		
$	73,456.25	$	244,109.38	
$	73,456.25		
$	71,143.75	$	244,600.00	
$	71,143.75		
$	68,715.63	$	244,859.38	
$	68,715.63		
$	66,171.88	$	244,887.50	
$	66,171.88		
$	63,512.50	$	244,684.38	
$	63,512.50		
$	60,737.50	$	244,250.00	
$	60,737.50		
$	57,846.88	$	243,584.38	
$	57,846.88		
$	54,840.63	$	242,687.50	
$	54,840.63		
$	51,603.13	$	246,443.75	
$	51,603.13		
$	48,250.00	$	244,853.13	
$	48,250.00		
$	44,375.00	$	247,625.00	
$	44,375.00		
$	40,375.00	$	244,750.00	
$	40,375.00		
$	36,125.00	$	246,500.00	
$	36,125.00		
$	31,750.00	$	242,875.00	
$	31,750.00		
$	27,125.00	$	243,875.00	
$	27,125.00		
$	22,250.00	$	244,375.00	
$	22,250.00		
$	17,125.00	$	244,375.00	
$	17,125.00		
$	11,750.00	$	243,875.00	
$	11,750.00		
$	6,000.00	$	247,750.00	
$	6,000.00	$	246,000.00	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00	$

2,753,019.38	$

6,363,019.38

North Boulevard
Community Development District Proposed Budget
Debt Service Fund Series 2019

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Revenues						
Assessments - Tax Roll	$	209,762	$	205,847	$	3,915	$	209,762	$	209,762	
Interest	$	-	$	3,611	$	1,806	$	5,417	$	-	
Carry Forward Surplus (1)	$	142,841	$	144,355	$	-	$	144,355	$	152,734	
Total Revenues	$	352,603	$	353,813	$	5,721	$	359,534	$	362,496	

Expenditures						
Interest - 11/1	$	78,931	$	78,931	$	-	$	78,931	$	77,869	
Principal - 11/1	$	50,000	$	50,000	$	-	$	50,000	$	55,000	
Interest - 5/1	$	77,869	$	-	$	77,869	$	77,869	$	76,700	
Total Expenditures	$	206,800	$	128,931	$	77,869	$	206,800	$	209,569	
						
Excess Revenues/(Expenditures)	$	145,803	$	224,882	$	(72,148)	$	152,734	$	152,927	
				
Interest - 11/1	
$	76,700.00	
				Principal - 11/1	 $	55,000.00	

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Total  $

131,700.00

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Single Family	173.00	$209,761.95	$1,212.50	$1,303.76	
		$209,761.95			

North Boulevrd Community Development District Series 2019 Special Assessment Bonds
Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	2,850,000.00	$	55	
05/01/25	$	2,795,000.00	$	
11/01/25	$	2,795,000.00	$	55	
05/01/26	$	2,740,000.00	$	
11/01/26	$	2,740,000.00	$	60	
05/01/27	$	2,680,000.00	$	
11/01/27	$	2,680,000.00	$	60	
05/01/28	$	2,620,000.00	$	
11/01/28	$	2,620,000.00	$	65	
05/01/29	$	2,555,000.00	$	
11/01/29	$	2,555,000.00	$	65	
05/01/30	$	2,490,000.00	$	
11/01/30	$	2,490,000.00	$	70	
05/01/31	$	2,420,000.00	$	
11/01/31	$	2,420,000.00	$	75	
05/01/32	$	2,345,000.00	$	
11/01/32	$	2,345,000.00	$	80	
05/01/33	$	2,265,000.00	$	
11/01/33	$	2,265,000.00	$	85	
05/01/34	$	2,180,000.00	$	
11/01/34	$	2,180,000.00	$	90	
05/01/35	$	2,090,000.00	$	
11/01/35	$	2,090,000.00	$	95	
05/01/36	$	1,995,000.00	$	
11/01/36	$	1,995,000.00	$	95	
05/01/37	$	1,900,000.00	$	
11/01/37	$	1,900,000.00	$	105	
05/01/38	$	1,795,000.00	$	
11/01/38	$	1,795,000.00	$	110	
05/01/39	$	1,685,000.00	$	
11/01/39	$	1,685,000.00	$	115	
05/01/40	$	1,570,000.00	$	
11/01/40	$	1,570,000.00	$	120	
05/01/41	$	1,450,000.00	$	
11/01/41	$	1,450,000.00	$	130	
05/01/42	$	1,320,000.00	$	
11/01/42	$	1,320,000.00	$	135	
05/01/43	$	1,185,000.00	$	
11/01/43	$	1,185,000.00	$	145	
05/01/44	$	1,040,000.00	$	
11/01/44	$	1,040,000.00	$	150	
05/01/45	$	890,000.00	$	
11/01/45	$	890,000.00	$	160	
05/01/46	$	730,000.00	$	
11/01/46	$	730,000.00	$	170	
05/01/47	$	560,000.00	$	
11/01/47	$	560,000.00	$	175	
05/01/48	$	385,000.00	$	
11/01/48	$	385,000.00	$	185	
05/01/49	$	200,000.00	$	
11/01/49	$	200,000.00	$	200	
			$	2,900	

$	77,868.75	$	210,737.50	
$	76,700.00		
$	76,700.00	$	208,400.00	
$	75,393.75		
$	75,393.75	$	210,787.50	
$	73,968.75		
$	73,968.75	$	207,937.50	
$	72,543.75		
$	72,543.75	$	210,087.50	
$	71,000.00		
$	71,000.00	$	207,000.00	
$	69,456.25		
$	69,456.25	$	208,912.50	
$	67,531.25		
$	67,531.25	$	210,062.50	
$	65,468.75		
$	65,468.75	$	210,937.50	
$	63,268.75		
$	63,268.75	$	211,537.50	
$	60,931.25		
$	60,931.25	$	211,862.50	
$	58,456.25		
$	58,456.25	$	211,912.50	
$	55,843.75		
$	55,843.75	$	206,687.50	
$	53,231.25		
$	53,231.25	$	211,462.50	
$	50,343.75		
$	50,343.75	$	210,687.50	
$	47,318.75		
$	47,318.75	$	209,637.50	
$	44,156.25		
$	44,156.25	$	208,312.50	
$	40,781.25		
$	40,781.25	$	211,562.50	
$	37,125.00		
$	37,125.00	$	209,250.00	
$	33,328.13		
$	33,328.13	$	211,656.25	
$	29,250.00		
$	29,250.00	$	208,500.00	
$	25,031.25		
$	25,031.25	$	210,062.50	
$	20,531.25		
$	20,531.25	$	211,062.50	
$	15,750.00		
$	15,750.00	$	206,500.00	
$	10,828.13		
$	10,828.13	$	206,656.25	
$	5,625.00		
$	5,625.00	$	211,250.00	

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00	$

2,761,325.00	$

5,661,325.00

North Boulevard
Community Development District
Proposed Budget Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY2025	
Revenues						
Carry Forward Surplus	$	10,000	$	-	$	-	$	-	$	9,495	
Total Revenues	$	10,000	$	-	$	-	$	-	$	9,495	

Expenditures
Contingency	

$	-	

$	505	

$	-	

$	505	

$	-	
Total Expenditures	$	-	$	505	$	-	$	505	$	-	

Other Financing Sources/Uses:						
Transfer In	$	10,000	$	-	$	10,000	$	10,000	$	67,250	
Total Other Financing Sources/Uses	$	10,000	$	-	$	10,000	$	10,000	$	67,250	
						
Excess Revenues/(Expenditures)	$	20,000	$	(505)	$	10,000	$	9,495	$	76,745	

!!"#$%& 7

RESOLUTION 2024-06
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE	NORTH	BOULEVARD	COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, North Boulevard Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Polk County, Florida; and
WHEREAS, pursuant to Section 190.006(1), Florida Statutes, the District’s Board of Supervisors (“Board”) “shall exercise the powers granted to the district pursuant to [Chapter 190, Florida Statutes],” and the Board shall consist of five members; and

WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on a date in November established by the Board, which shall be noticed pursuant to Section 190.006(2), Florida Statutes.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT:
EXISTING BOARD SUPERVISORS; SEATS SUBJECT TO ELECTIONS.
The Board is currently made up of the following individuals:

Seat Number	Supervisor	Term Expiration Date	
1	Emily Cassidy	11/2026	
2	Adam Rhinehart	11/2026	
3	Lindsey Roden	11/2024	
4	Bobbie Henley	11/2024	
5	Jessica Petrucci	11/2024	

This year, Seat 3, currently held by Lindsey Roden, is subject to a landowner election. The term of office for the successful landowner candidate shall commence upon election and shall be for a four year period. Seat 4, currently held by Bobbie Henley, and Seat 5, currently held by Jessica Petrucci, are subject to a General Election process to be conducted by the Polk County Supervisor of Elections, which General Election process shall be addressed by a separate resolution.

LANDOWNER’S ELECTION. In accordance with Section 190.006(2), Florida Statutes, the meeting of the landowners to elect Board Supervisor(s) of the District shall be held

on the 19th day of November 2024, at 11:00 a.m., and located at Holiday Inn Winter Haven - 200 Cypress Gardens Blvd., Winter Haven, FL 33880.

PUBLICATION. The District’s Secretary is hereby directed to publish notice of the landowners’ meeting and election in accordance with the requirements of Section 190.006(2), Florida Statutes.
FORMS. Pursuant to Section 190.006(2)(b), Florida Statutes, the landowners’ meeting and election have been announced by the Board at its April 16, 2024 meeting. A sample notice of landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the office of the District Manager, Governmental Management Services – Central Florida LLC, located at 219 East Livingston Street, Orlando, Florida 32801.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall become effective upon its passage.
PASSED AND ADOPTED this 16th day of April 2024.

NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT

ATTEST:	CHAIRPERSON / VICE CHAIRPERSON

SECRETARY / ASST. SECRETARY

EXHIBIT A
NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given to the public and all landowners within North Boulevard Community Development District (“District”) the location of which is generally described as comprising a parcel or parcels of land containing approximately 83 acres, generally located in an area east of Highway 27, west of Holly Hill Road, north of County Road 547 and North Boulevard West, and south of Forest Lake Drive and North Boulevard West in Haines City, Florida, advising that a meeting of landowners will be held for the purpose of electing one (1) person to the District’s Board of Supervisors (“Board”, and individually, “Supervisor”). Immediately following the landowners’ meeting there will be convened a meeting of the Board for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.

DATE:	[Election Date]
HOUR:	[Time]
LOCATION:	[Location] [Address]

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, Governmental Management Services – Central Florida LLC, 219 East Livingston Street, Orlando, Florida 32801 Ph: (407) 841-5524 (“District Manager’s Office”). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Manager’s Office. There may be an occasion where one or more supervisors will participate by telephone.

Any person requiring special accommodations to participate in these meetings is asked to contact the District Manager’s Office, at least 48 hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.

A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

District Manager
Run Date(s): 	& 	

PUBLISH: ONCE A WEEK FOR 2 CONSECUTIVE WEEKS, THE LAST DAY OF PUBLICATION TO BE NOT FEWER THAN 14 DAYS OR MORE THAN 28 DAYS BEFORE THE DATE OF ELECTION, IN A NEWSPAPER WHICH IS IN GENERAL CIRCULATION IN THE AREA OF THE DISTRICT

INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS

DATE OF LANDOWNERS’ MEETING: [Election Date]

TIME:  [Time]

LOCATION:	[Location]
[Address]

Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.

A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.

This year, one (1) seat on the Board will be up for election in a landowner seat for a four year period. The term of office for the successful landowner candidate shall commence upon election.
A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.

LANDOWNER PROXY
NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
LANDOWNERS’ MEETING – [Election Date]

KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 	(“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the North Boulevard Community Development District to be held at [Location], [Address], on [Election Date], at [Time], and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner		
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:

NOTES: Pursuant to Section 190.006(2)(b), Florida Statutes, a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.

If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).

OFFICIAL BALLOT
NORTH BOULEVARD COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
LANDOWNERS’ MEETING - [Election Date]

For Election (1 Supervisor): The candidate receiving the highest number of votes will receive a four (4) year term, with the term of office for the successful candidate commencing upon election.

The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the North Boulevard Community Development District and described as follows:

Description	Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

or

Attach Proxy.

I, 	, as Landowner, or as the proxy holder of 	 (Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	
3			

Date: 		Signed: 	
Printed Name: 	

!!"#$%& 8

!!"#$%& "

Sent Via Email: tadams@gmscfl.com

April 2, 2024

Ms. Tricia Adams District Manager
North Boulevard Community Development District c/o Governmental Management Services
219 East Livingston Street Orlando, Florida 32801

Subject:	Work Authorization Number 2024-2
North Boulevard Community Development District
Annual Engineer’s Report 2024

Dear Ms. Adams:

Dewberry Engineers Inc. (Engineer) is pleased to submit this Work Authorization to provide professional consulting engineering services for the North Boulevard Community Development District (CDD). We will provide these services pursuant to our current agreement (“District Engineering Agreement”) as follows:

Scope of Work

We will provide the Annual Engineer’s Report for the CDD as required by the Trust Indenture for this fiscal year. The report will address the requirements as detailed in Section 9.21 of the Trust.

Fees

The CDD will compensate the Engineer pursuant to the hourly rate schedule contained in the District Engineering Agreement. We estimate a budget in the amount of $2,000, plus other direct costs. The CDD will reimburse the Engineer all direct costs, which include items such as printing, drawings, travel, deliveries, et cetera, pursuant to the Engineering Agreement.

Thank you for considering Dewberry. We look forward to helping you create a quality project. Sincerely,	APPROVED AND ACCEPTED

By: 	
Rey Malavé, P.E.	Authorized Representative of
Dewberry Engineers Inc.	North Boulevard
Associate Vice President	Community Development District

_April 2, 2024	
Date	Date

Page 1 of 1

Attachment A

STANDARD HOURLY BILLING RATE SCHEDULE
Professional/Technical/Construction/Surveying Services

LABOR CLASSIFICATION	HOURLY RATES	
Professional		
Engineer I, II, III	$115.00, $135.00, $155.00	
Engineer IV, V, VI	$170.00, $195.00, $225.00	
Engineer VII, VIII, IX	$250.00, $275.00, $305.00	
Environmental Specialist I, II, III	$105.00, $125.00, $150.00	
Senior Environmental Scientist IV, V, VI	$170.00, $190.00, $210.00	
Planner I, II, III	$105.00, $125.00, $150.00	
Senior Planner IV, V, VI	$170.00, $190.00, $210.00	
Landscape Designer I, II, III	$105.00, $125.00, $150.00	
Senior Landscape Architect IV, V, VI	$170.00, $190.00, $210.00	
Principal	$350.00	
Technical		
CADD Technician I, II, III, IV, V	$80.00, $100.00, $120.00, $140.00, $175.00	
Designer I, II, III	$110.00, $135.00, $160.00	
Designer IV, V, VI	$180.00, $200.00, $220.00	
Construction		
Construction Professional I, II, III	$125.00, $155.00, $185.00	
Construction Professional IV, V, VI	$215.00, $240.00, $285.00	
Survey		
Surveyor I, II, III	$68.00, $83.00, $98.00	
Surveyor IV, V, VI	$115.00, $125.00, $145.00	
Surveyor VII, VIII, IX	$160.00, $190.00, $235.00	
Senior Surveyor IX	$290.00	
Fully Equipped 1, 2, 3 Person Field Crew	$145.00, $175.00, $230.00	
Administration		
Administrative Professional I, II, III, IV	$70.00, $95.00, $115.00, $145.00	
Other Direct Costs (Printing, Postage, Etc.)	Cost + 15%	

Company Confidential and Proprietary: Use or disclosure of data contained on this sheet is subject to restriction on the title page of this report.
Revised 05-01-23\Subject to Revision\Standard Hourly Billing Rate Schedule

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1

North Boulevard CDD
Field Management Report

April 16, 2024 Marshall Tindall
Field Services Manager
GMS

North Boulevard CDD Field Management Report | GMS 2024

Landscaping

ir

Landscaper has kept the district tracts clean and well maintained overall.
February and March irrigation inspections found everything to be in working order. Annual pruning of crepe myrtles and cleanup of oak tree trunk suckers was completed.
Mow frequency to increase as normal with onset of growing season.
Mulch forecast in late spring with minor touchups at entrances as needed in between.

2

North Boulevard CDD Field Management Report | GMS 2024

Monthly playground reviews were done. Found 1 loosening handle. Maintenance staff are scheduled to fix it.

Site Items

Playground Reviews

Continued removal of unauthorized advertising from entrance areas.

3

North Boulevard CDD Field Management Report | GMS 2024

Site items

v

Reviews found some encroachments of CDD tracts.
Issues will be monitored for resolution.
Graffiti tagger targeted one of the walls. Wall was cleaned up and staff are monitoring to see if additional incidents occur.
Complaints of holes/ruts along Holly Hill an North Boulevard were reviewed and reported to county road and bridge for repairs.

For any questions or comments regarding the above information, please contact me by phone at 407-346-2453 or by email at mtindall@gmscfl.com. Thank you.

Respectfully, Marshall Tindall

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	Governmental Management Services	
Maintenance
Services	

Proposal #335

Bill To/District:
North Boulevard CDD	Prepared By:
Governmental Management Services, LLC 219 E. Livingston Street
Orlando, FL 32801	
Job name and Description	
North Boulevard CDD – Jefferson & Taft Stop Sign Installation
Includes materials and installation of Qty_1, 30” Stop sign, Breakaway post system, and Thermoplastic Stop Bar.
Includes removal and disposal of adjacent oak tree.	

Qty	Description	Unit Price	Line Total	
	Labor		$760.00	
	Mobilizations		$65.00	
	Equipment		$75.00	
	Materials		$1,055.68	
Total Due:	$1,955.68	

GOVERNMENTAL MANAGEMENT SERVICES 2024 | Work Authorization

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North Boulevard Community Development District

Summary of Check Register

March 1, 2024 through March 31, 2024

Bank	Date	Check No.'s		Amount	

General Fund	

3/1/24	

355-359	

$	

975.00	
	3/9/24	360-361	$	8,922.09	
	3/14/24	362-364	$	7,880.99	
			$	17,778.08	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/24	PAGE	1
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	NORTH BOULEVARD GENERAL FUND
BANK A GENERAL FUND

DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
3/01/24	00046	2/20/24	BH022020 202402 310-51300-11000	*	200.00			

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

	SUPERVISOR FEES-02/20/24
BOBBIE HENLEY																					200.00	000355	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
3/01/24 00045	2/20/24 EC022020 202402 310-51300-11000												*							200.00				
	SUPERVISOR FEES-02/20/24																							
	EMILY J. CASSIDY																					200.00	000356	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
3/01/24 00047	2/20/24 JP022020 202402 310-51300-11000												*							200.00				
	SUPERVISOR FEES-02/20/24																							
JESSICA PETRUCCI	200.00 000357
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/01/24 00040	2/20/24 LR022020 202402 310-51300-11000	*	200.00
SUPERVISOR FEES-02/20/24
LINDSEY RODEN	200.00 000358

3/01/24	00039	3/01/24	
- - - - - - - - - - -
3/09/24 00019	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - NB2224	202403 330-57200-48201	*	175.00
PET WASTE STATION-MAR24
POOP BANDIT	175.00 000359
-	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
131	202403 310-51300-34000	*	3,343.67
MANAGEMENT FEES-MAR24
131	202403 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-MAR24
131	202403 310-51300-35100	*	150.00
INFORMATION TECH-MAR24
131	202403 310-51300-31300	*	541.67
DISSEMINATION SVCS-MAR24
131	202403 310-51300-51000	*	1.23

202403 310-51300-42000	*	49.22	
202403 320-53800-12000	*	695.67	

OFFICE SUPPLIES 131
POSTAGE 132

- - - - - - - - 3/09/24 00012	- - - - - - - - - 2/23/24 7236932
TRUSTEE	GOVERNMENTAL
- - - - - - - - - - - - - - - -
202402 310-51300-32300	MANAGEMENT SERVICES
- - - - - - - - - -	-	-	-	- -
*	-	-	-	-	-	- - - - -	4,881.46
- - - - -	000360
- - -	
		U.S. BANK												4,040.63	000361	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - -	- - - - - - - - - -	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
3/14/24 00019	1/31/24 133	202401 320-53800-48000					*						710.00			
	GENERAL	MAINT/REPAIR-JAN														
		GOVERNMENTAL	MANAGEMENT SERVICES											710.00	000362	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - -	- - - - - - - - - -	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
3/14/24 00036	3/08/24 8928	202402 310-51300-31500					*						2,265.99			

FIELD MANAGEMENT-MAR24

FEES S19-FY24

4,040.63

ATTORNEY SVCS-FEB24

KILINSKI / VAN WYK, PLLC	2,265.99 000363

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
NOBU NORTH BOULEVAR AGUZMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/24	PAGE	2
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	NORTH BOULEVARD GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/14/24 00035	3/01/24 11934	202403 320-53800-46200	*	4,905.00
LANDSCAPE MAINT-MAR24
PRINCE & SONS INC.	4,905.00 000364
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	17,778.08
TOTAL FOR REGISTER	17,778.08

NOBU NORTH BOULEVAR AGUZMAN

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North Boulevard
Communfty Development District

Unaudited Financial Reporting
February 29, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund - Series 2017	

5	
	Debt Service Fund - Series 2019	

6	
	Capital Projects Fund - Series 2017	

7	
	Capital Projects Fund - Series 2019	

8	
	Capital Reserve Fund	

9-10	
	Month to Month	

11	
	Assessment Receipt Schedule	

North Boulevard
Community Development District Combined Balance Sheet
	February 29, 2024		
	General	Capital Reserve	Debt Service	Capital Projects	Totals	
	Fund	Fund	Fund	Fund	Governmental Funds	
Assets:
Operating Account	

$	373,797	

$	19,495	

$	-	

$	-	

$	393,292	
Due From General Fund	$	-	$	-	$	3,644	$	-	$	3,644	
Deposits	$	960
Investments:	$	-	$	-	$	-	$	960	
Series 2017
Reserve	$	-	
$	
-	$	123,875	
$	
-	$	123,875	
Revenue	$	-	$	-	$	302,595	$	-	$	302,595	
Prepayment	$	-	$	-	$	0	$	-	$	0	
Redemption	$	-	$	-	$	770	$	-	$	770	
Construction	$
Series 2019	-	$	-	$	-	$	6,282	$	6,282	
Reserve	$	-	$	-	$	105,956	$	-	$	105,956	
Revenue	$	-	$	-	$	223,093	$	-	$	223,093	
Prepayment	$	-	$	-	$	154	$	-	$	154	
Construction	$	-	$	-	$	-	$	651	$	651	
Total Assets	$	374,757	$	19,495	$	760,089	$	6,933	$	1,161,274	
Liabilities:				
Accounts Payable	$	10,462	$	-	$	-	$	-	$	10,462	
Due to Debt Service	$	3,644	$	-	$	-	$	-	$	3,644	
Total Liabilites	$	14,106	$	-	$	-	$	-	$	14,106	

Fund Balance:				
Assigned For:				
Debt Service - Series 2017	$	-	$	-	$	429,252	$	-	$	429,252	
Debt Service - Series 2019	$	-	$	-	$	330,838	$	-	$	330,838	
Restricted For: Capital Reserve	
$	-	
$	19,495	
$	-	$	-	
$	19,495	
Capital Projects - Series 2017	$	-	$	-	$	-	$	6,282	$	6,282	
Capital Projects - Series 2019	$	-	$	-	$	-	$	651	$	651	
Unassigned	$	360,651	$	-	$	-	$	-	$	360,651	
Total Fund Balances	$	360,651	$	19,495	$	760,089	$	6,933	$	1,147,168	
					
Total Liabilities & Fund Balance	$	374,757	$	19,495	$	760,089	$	6,933	$	1,161,274	

Revenues:		
Assessments - Tax Roll	$	332,645	$	326,435	$	326,435	$	-	
Total Revenues	$	332,645	$	326,435	$	326,435	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	5,000	$	2,600	$	2,400	
Engineering Fees	$	10,000	$	4,167	$	1,245	$	2,922	
Dissemination Agent	$	6,500	$	2,708	$	2,708	$	-	
Attorney Fees	$	15,000	$	6,250	$	6,744	$	(494)	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Annual Audit	$	4,800	$	4,800	$	4,800	$	-	
Trustee Fees	$	7,780	$	7,780	$	7,758	$	22	
Management Fees	$	40,124	$	16,718	$	16,718	$	-	
Information Technology	$	1,800	$	750	$	750	$	-	
Website Maintenance	$	1,200	$	500	$	500	$	-	
Postage & Delivery	$	1,100	$	1,100	$	1,545	$	(445)	
Telephone	$	50	$	21	$	-	$	21	
Printing & Binding	$	400	$	167	$	6	$	161	
Insurance	$	8,455	$	8,455	$	6,818	$	1,637	
Legal Advertising	$	4,000	$	1,667	$	-	$	1,667	
Contingency	$	3,000	$	1,250	$	196	$	1,054	
Office Supplies	$	100	$	42	$	2	$	40	
Dues, Licenses & Fees	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	121,484	$	66,549	$	57,565	$	8,985	

Operation and Maintenance		
Field Expenses
Field Management		

$	8,348	

$	3,478	

$	3,478	

$	-	
Electric		$	8,395	$	3,498	$	3,372	$	126	
Streetlights		$	26,450	$	11,021	$	9,790	$	1,230	
Property Insurance		$	6,333	$	6,333	$	4,918	$	1,415	
Landscape Maintenance		$	58,860	$	24,525	$	19,620	$	4,905	
Landscape Replacement & Enhancement		$	20,000	$	8,333	$	-	$	8,333	
Irrigation Repairs		$	5,500	$	2,292	$	5,451	$	(3,159)	
General Field Repairs & Maintenance		$	15,000	$	6,250	$	5,756	$	494	
Contingency		$	10,000	$	4,167	$	960	$	3,207	
	Subtotal	$	158,886	$	69,897	$	53,346	$	16,551	

Amenity Expenses
Inter-Governmental Expense		

$	87,366	

$	-	

$	-	

$	-	
Playground Lease		$	6,295	$	2,623	$	2,623	$	-	
Trash Collections		$	2,000	$	833	$	866	$	(33)	
	Subtotal	$	95,661	$	3,456	$	3,489	$	(33)	
						
Total O&M Expenses:		$	254,546	$	73,353	$	56,835	$	16,518	
						
Total Expenditures		$	376,030	$	139,902	$	114,400	$	25,503	

Other Financing Sources/Uses:						
Capital Reserve		$	(10,000)	$	-	$	-	$	-	
Total Other Financing Sources/Uses		$	(10,000)	$	-	$	-	$	-	
						
Excess Revenues (Expenditures)		$	(53,385)		$	212,035		
						
Fund Balance - Beginning		$	53,385		$	148,616		
						
Fund Balance - Ending		$	-		$	360,651		

Adopted	Prorated Budget	Actual	
Budget	Thru 02/29/24	Thru 02/29/24	Variance	

Revenues:		
Assessments - Tax Roll	$	258,211	$	253,391	$	253,391	$	-	
Interest	$	-	$	-	$	4,285	$	4,285	
Total Revenues	$	258,211	$	253,391	$	257,676	$	4,285	

Expenditures:					
Interest Expense 11/1	$	84,263	$	84,263	$	84,263	$	-	
Principal Expense - 5/1	$	75,000	$	-	$	-	$	-	
Interest Expense - 5/1	$	84,263	$	-	$	-	$	-	
Total Expenditures	$	243,526	$	84,263	$	84,263	$	-	
					
Excess Revenues (Expenditures)	$	14,685		$	173,413		
					
Fund Balance - Beginning	$	130,653		$	255,839		
					
Fund Balance - Ending	$	145,338		$	429,252		

Adopted	Prorated Budget	Actual	
Budget	Thru 02/29/24	Thru 02/29/24	Variance	

Revenues:		
Assessments - Tax Roll	$	209,762	$	205,847	$	205,847	$	-	
Interest	$	-	$	-	$	3,611	$	3,611	
Total Revenues	$	209,762	$	205,847	$	209,458	$	3,611	

Expenditures:					
Interest Expense 11/1	$	78,931	$	78,931	$	78,931	$	-	
Principal Expense 11/1	$	50,000	$	50,000	$	50,000	$	-	
Interest Expense 5/1	$	77,869	$	-	$	-	$	-	
Total Expenditures	$	206,800	$	128,931	$	128,931	$	-	
					
Excess Revenues (Expenditures)	$	2,962		$	80,527		
					
Fund Balance - Beginning	$	142,841		$	250,311		
					
Fund Balance - Ending	$	145,803		$	330,838		

Revenues:

Interest	

$	

-	$	

-	$	129	

$	129	
Total Revenues	$	-	$	-	$	129	$	129	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess Revenues (Expenditures)	$	-	$	129		
					
Fund Balance - Beginning	$	-	$	6,153		
					
Fund Balance - Ending	$	-	$	6,282		

Revenues:

Interest	

$	

-	$	

-	$	13	

$	13	
Total Revenues	$	-	$	-	$	13	$	13	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess Revenues (Expenditures)	$	-	$	13		
					
Fund Balance - Beginning	$	-	$	638		
					
Fund Balance - Ending	$	-	$	651		

Expenditures:

Contingency	

$	-	

$	

-	$	505	

$	(505)	
Total Expenditures	$	-	$	-	$	505	$	-	

Other Financing Sources:

Transfer In/(Out)	

$	10,000	

$	

-	$	-	

$	-	
Total Other Financing Sources (Uses)	$	10,000	$	-	$	-	$	-	
					
Excess Revenues (Expenditures)	$	10,000		$	(505)		
					
Fund Balance - Beginning	$	-		$	20,000		
					
Fund Balance - Ending	$	10,000		$	19,495		

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Assessments - Tax Roll

$	-  $

5,249  $

313,844  $

4,751  $

2,590  $	-  $	-  $	-  $

-  $	-  $	-  $

-  $  326,435

Total Revenues	$	-  $	5,249  $	313,844  $	4,751  $	2,590  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  326,435

Expenditures:

General & Administrative:

Supervisor Fees Engineering Fees Dissemination Agent Attorney Fees
Assessment Administration Annual Audit
Trustee Fees Management Fees
Information Technology Website Maintenance Postage & Delivery Telephone
Printing & Binding Insurance
Legal Advertising Contingency Office Supplies
Dues, Licenses & Fees

$	1,000  $
$	-  $
$	542  $
$	2,007  $
$	5,000  $
$	-  $
$	-  $
$	3,344  $
$	150  $
$	100  $
$	647  $
$	-  $
$	-  $
$	6,818  $
$	-  $
$	39  $
$	0  $
$	175  $

-  $
-  $
542  $
452  $
-  $
-  $
3,717  $
3,344  $
150  $
100  $
708  $
-  $
-  $
-  $
-  $
38  $
0  $
-  $

-  $
-  $
542  $
457  $
-  $
-  $
-  $
3,344  $
150  $
100  $
34  $
-  $
-  $
-  $
-  $
39  $
0  $
-  $

800  $
325  $
542  $
1,562  $
-  $
4,800  $
-  $
3,344  $
150  $
100  $
145  $
-  $
-  $
-  $
-  $
39  $
0  $
-  $

800  $	-  $	-  $	-  $
920  $	-  $	-  $	-  $
542  $	-  $	-  $	-  $
2,266  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
4,041  $	-  $	-  $	-  $
3,344  $	-  $	-  $	-  $
150  $	-  $	-  $	-  $
100  $	-  $	-  $	-  $
12  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
6  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
41  $	-  $	-  $	-  $
1  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $

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

-  $	2,600
-  $	1,245
-  $	2,708
-  $	6,744
-  $	5,000
-  $	4,800
-  $	7,758
-  $	16,718
-  $	750
-  $	500
-  $	1,545
-  $	-
-  $	6
-  $	6,818
-  $	-
-  $	196
-  $	2
-  $	175

Total General & Administrative:	$	19,822  $	9,050  $	4,665  $	11,806  $	12,221  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	57,565

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operation and Maintenance

Field Expenses Field Management Electric
Streetlights Property Insurance
Landscape Maintenance Landscape Replacement Irrigation Repairs
General Repairs & Maintenance Contingency

$
$
$
$
$
$
$
$
$
Subtotal $

696  $
626  $
1,975  $
4,918  $
4,905  $
-  $
292  $
3,004  $
-  $
16,416  $

696  $
660  $
1,971  $
-  $
4,905  $
-  $
191  $
-  $
-  $
8,422  $

696  $
799  $
1,972  $
-  $
4,905  $
-  $
-  $
318  $
480  $
9,170  $

696  $
581  $
1,966  $
-  $
-  $
-  $
4,968  $
710  $
-  $
8,921  $

696  $	-  $	-  $	-  $
706  $	-  $	-  $	-  $
1,906  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
4,905  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
-  $	-  $	-  $	-  $
1,725  $	-  $	-  $	-  $
480  $	-  $	-  $	-  $
10,418  $	-  $	-  $	-  $

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

-  $	3,478
-  $	3,372
-  $	9,790
-  $	4,918
-  $	19,620
-  $	-
-  $	5,451
-  $	5,756
-  $	960
-  $	53,346

Amenity Expenses
Inter-Governmental Expense Playground Lease
Trash Collection

$
$
$
Subtotal $

-  $
525  $
166  $
691  $

-  $
525  $
166  $
691  $

-  $
525  $
175  $
700  $

-  $
525  $
184  $
708  $

-  $	-  $	-  $	-  $
525  $	-  $	-  $	-  $
175  $	-  $	-  $	-  $
700  $	-  $	-  $	-  $

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

-  $	-
-  $	2,623
-  $	866
-  $	3,489

Total O&M Expenses:	$	17,107  $	9,113  $	9,869  $	9,629  $	11,117  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	56,835

Total Expenditures	$	36,929  $	18,163  $	14,534  $	21,435  $	23,339  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  114,400

Other Financing Sources/Uses:

Transfer In/(Out)

$	-  $

-  $	-  $

-  $	-  $	-  $	-  $	-  $

-  $	-  $	-  $

-  $	-

Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Excess Revenues (Expenditures)	$	(36,929)  $	(12,914)  $	299,310  $	(16,684)  $	(20,748)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  212,035

North Boulevard
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

Gross Assessments Net Assessments

$ 357,681.61  $
$ 332,643.90  $

277,646.12  $
258,210.89  $

225,550.48
209,761.95

$ 860,878.21
$ 800,616.74

42%	32%	26%	100%
Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Property Appraiser	Net Receipts	General Fund	2017 Debt Service	2019 Debt Service	Total	

11/10/23	
10/13/23-10/14/23	
$	2,220.88	
$	(120.82)	
$	(42.00)	
$	-	
$	-	
$	2,058.06	
$	855.09	
$	663.76	
$	539.21	
$  2,058.06	
11/17/23	11/01/23-11/05/23	$	6,702.63	$	(268.11)	$	(128.69)	$	-	$	-	$	6,305.83	$  2,619.98	$	2,033.72	$	1,652.13	$  6,305.83	
11/24/23	11/06/23-11/12/23	$	4,539.02	$	(181.56)	$	(87.15)	$	-	$	-	$	4,270.31	$  1,774.25	$	1,377.24	$	1,118.82	$  4,270.31	
12/1/23	Inv#4652028	$	-	$	-	$	-	$	-	$	(8,608.78)	$	(8,608.78)	$ (3,576.82)	$	(2,776.46)	$	(2,255.50)	$ (8,608.78)	
12/8/23	11/13/23/11/22/23	$	15,239.67	$	(609.58)	$	(292.60)	$	-	$	-	$	14,337.49	$  5,957.00	$	4,624.06	$	3,756.43	$ 14,337.49	
12/21/23	11/23/23-11/30/23	$	787,756.84	$	(31,509.61)	$  (15,124.94)	$	-	$	-	$	741,122.29	$ 307,924.88	$	239,023.04	$	194,174.37	$ 741,122.29	
12/29/23	12/01/23-12/15/23	$	8,982.84	$	(291.70)	$	(173.82)	$	-	$	-	$	8,517.32	$  3,538.82	$	2,746.96	$	2,231.54	$  8,517.32	
1/10/24	12/16/23-12/31/23	$	9,881.25	$	(323.82)	$	(191.15)	$	-	$	-	$	9,366.28	$  3,891.54	$	3,020.77	$	2,453.97	$  9,366.28	
1/16/24	10/01/23-12/31/23	$	-	$	-	$	-	$	2,069.48	$	-	$	2,069.48	$	859.84	$	667.44	$	542.20	$  2,069.48	
2/9/24	01/01/24-01/31/24	$	6,512.23	$	(150.89)	$	(127.23)	$	-	$	-	$	6,234.11	$  2,590.18	$	2,010.59	$	1,633.34	$  6,234.11	

Total	$	841,835.36  $	(33,456.09)  $  (16,167.58)  $	2,069.48	$	785,672.39  $ 326,434.76  $	253,391.12  $	205,846.51  $ 785,672.39

$

98%	Net Percent Collected
14,944.35	Balance Remaining to Collect