Midtown Improvement District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; Phone: 407-723-5900

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Midtown Improvement District (“District”), scheduled to be held at 3:30 p.m. on Tuesday, May 9, 2023, at Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd., Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

District Staff, please use the following information to join via the computer or the conference line: Phone: 1-844-621-3956	Computer: pfmgroup.webex.com    Participant Code: 796 580 192#
BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm Quorum
Public Comment Period
Consideration of the Minutes of the April 18, 2023, Board of Supervisors’ Meeting
Letter from Supervisor of Elections – Orange County
Consideration of Resolution 2023-02, Designating a Date, Time and Location for the 2023 Landowners’ Meeting [suggested date of November 7, 2023]

Business Matters
Discussion of Construction Committee Members
Consideration of Resolution 2023-03, Approving a Preliminary Budget for Fiscal Year 2024 and Setting a Public Hearing Date [suggested date of August 15, 2023]
Ratification of Payment Authorization No. 79
Recommendation of Work Authorization/Proposed Services (if applicable)
Review of District’s Financials

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

Adjournment

Midtown Improvement District

Minutes of the April 18, 2023, Board of Supervisors’ Meeting

MIDTOWN IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm a Quorum

The Board of Supervisors’ Meeting for the Midtown Improvement District was called to order on Tuesday, April 18, 2023, at 3:33 p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd., Orlando, FL
32827.			
Present:			
Richard Levey Rob Adams	Chairman
Vice Chairman		
Damon Ventura	Assistant Secretary		
Also Attending:			
Jennifer Walden	PFM		
Lynne Mullins	PFM	(via phone)	
Amanda Lane	PFM	(via phone)	
Jorge Jimenez	PFM	(via phone)	
Tucker Mackie	Kutak Rock		
Jeffrey Newton	Donald W. McIntosh Associates		
Larry Kaufmann	Construction Supervisor	(via phone)	
Matt McDermott	Construction Committee Member		
Katie Harmer	Berman		

SECOND ORDER OF BUSINESS	Public Comment Period

Dr. Levey called for public comments. There were no public comments.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the March 21, 2023, Board of Supervisors’ Meeting

The Board reviewed the minutes of the March 21, 2023, Board of Supervisors’ Meeting.

On motion by Mr. Ventura, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the Minutes of the March 21, 2023, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Review of Fiscal Year 2024 Operations & Maintenance Budget

Ms. Walden stated that District staff is still reviewing the necessary budget line items and amounts needed. The budget is brought for review today and to see if there were any items the Board wanted the team to look into further. She noted that the budget is going to stay Developer funded. Ms. Mackie added that even though you will see an increase in revenue there will be no public hearing as the budget is Developer funded.

FIFTH ORDER OF BUSINESS	Ratification of Payment Authorization Nos. 75 – 78

Ms. Walden noted that these Payment Authorizations have been approved and need to be ratified by the Board.

On motion by Mr. Ventura, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Midtown Improvement District ratified Payment Authorization Nos. 75 – 78.

SIXTH ORDER OF BUSINESS	Recommendation of Work Authorization/Proposed Services

Mr. Kaufmann explained that there is a Work Authorization from Donald W. McIntosh Associates Inc. for the Public Facilities Report in the amount of $7,500.00. He added that this report is required by the State of Florida.

On motion by Mr. Ventura, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the Work Authorization for Donald W. McIntosh Associates, Inc. in the amount of $7,500.00 for the Public Facilities Report.

Dr. Levey asked that the completed report be added to the agenda for the Board to review.

SEVENTH ORDER OF BUSINESS	Review of District’s Financials

Ms. Walden noted these are the financials through the end of March. The District has spent $142,000.00 of the budget of just under $500,000.00, so the District has spent 28% of the adopted budget so far.

EIGHTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.	
District Manager –	Ms. Walden noted that the next meeting is scheduled for Tuesday, May 9, 2023, which is a week earlier than the usual meeting date. Dr. Levey noted he will not be able to attend the upcoming May meeting. Mr. Ventura and	

	Mr. Adams both confirmed they would attend, and Ms. Walden will follow up with the other Board Members.	
	Ms. Walden explained to the Board that the Construction Committee Meetings are changing their location to the Tavistock offices and the team is cancelling the second meeting of each month. So, the remainder of the meetings for the Fiscal Year will be May 4, 2023, June 15, 2023, July 13,
2023, August 10, 2023, and September 7, 2023.	
District Engineer –	Mr. Newton reviewed the Construction Status Memorandum (Minutes Exhibit A).	
	For Centerline Drive Segment F, the project is complete and the contract with Jr. Davis is being closed out. The intent is for the road to be barricaded until the Developer can get a four-way stop condition from the City at Kellogg Road and Laureate Blvd. The reason for this is the concern for the amount of potential traffic.	
	For Centerline Drive Segments C & D, the project is out to bid with the bids due by Friday, April 28, 2023. Once the bids are received, they will be presented to the Construction Committee at the May 4, 2023, meeting and then to the Board at the May 9, 2023, meeting.	
Construction Supervisor –	No report.	
Landscape Supervisor –	No report.	
Irrigation Supervisor –	No report.	

NINTH ORDER OF BUSINESS	Supervisor Requests

There were no Supervisor requests.

TENTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Adams, seconded by Mr. Ventura, with all in favor, the April 18, 2023, Meeting of the Board of Supervisors for the Midtown Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

Minutes Exhibit A

MEMORANDUM

DATE:	April 18, 2023

TO:	Midtown Improvement District Board of Supervisors

FROM:	Donald W. McIntosh Associates, Inc.
District Engineer

RE:	Construction Contract Status

Dear Board Members,

Please accept this correspondence as a current summary of our construction contract status. Listed below by project is a brief summary of recent contract activity.

Centerline Drive Segment F – Jr. Davis Construction Company, Inc.:
(Note: this construction project is being managed by Poitras East CDD)

Construction Status: The project is substantially complete, with as built drawings submitted to the City for review and approval. Final close-out is in process.

Change Order (C.O.) Status: None.

Recommended Motion: None.

Centerline Drive Segments C & D:

Construction Status: This project is out to bid, with bids due by 4/28/23. It is anticipated that, with developer concurrence, this will be presented to the Construction Committee at their 5/4/23 meeting and then to the Board at its 5/9/23 meeting.

Change Order (C.O.) Status: None.

Recommended Motion: None.

Should there be any questions, please do not hesitate to call. Thank you.
c:	Larry Kaufmann Matt McDermott Chris Wilson Dan Young Hudson Larson Tarek Fahmy

F:\Proj2021\21505\ENGadmin\C\ec047 Construction Memo 04-18-23.docx

Midtown Improvement District

Letter from Supervisor of Elections - Orange County

April 15, 2023

Jennifer Walden, Senior District Manager Midtown Improvement District
PFM Group Consulting LLC
3501 Quandrangle Boulevard, Suite 270
Orlando Fl 32817 Dear Ms. Walden:
Per the requirements of Chapter 190.006, Florida Statutes, the Orange County Supervisor of Elections Office Mapping Department has determined the number of registered voters in the Improvement District as of April 15, 2023. Our research is based on the most recent legal description provided to us by the District Office.

As of April 15, 2023, there are 322 registered voters in the Midtown Improvement District

A map and list of addresses can be provided upon request. If you have any questions or corrections, please contact the Mapping Department at 407-254-6554.

Sincerely,

Mapping Department
Orange County Supervisor of Elections Phone: 407-254-6554
119 W. Kaley St Orlando, FL 32806
soemapping@ocfelections.gov

119 West Kaley Street, Orlando ■ Reply to: Post Office Box 562001, Orlando, Florida 32856 Phone (407) 836-2070 ■ Fax (407) 254-6596 ■ TDD (407) 422-4833 ■ Internet: www.ocfelections.gov

Midtown Improvement District

Resolution 2023-02,
Designating a Date, Time and Location for the 2023 Landowners’ Meeting

RESOLUTION 2023-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MIDTOWN IMPROVEMENT 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, Midtown Improvement District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Orlando, 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 MIDTOWN IMPROVEMENT 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	Richard Levey	11/2025	
2	Damon Ventura	11/2025	
3	Rob Adams	11/2023	
4	Julie Salvo	11/2023	
5	Brent Schademan	11/2023	

This year, Seat 3, currently held by Rob Adams, Seat 4, currently held by Julie Salvo, and Seat 5, currently held by Brent Schademan are subject to election by landowners in November 2023. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

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 7th day of November, 2023, at 	 p.m., and located at 6900 Tavistock Lakes Blvd, Ste 200, Orlando, FL 32827.

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 May 9, 2023 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, PFM Group Consulting, LLC, located at 3501 Quadrangle Blvd., Suite 270, Orlando, Florida 32817.

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 9TH DAY OF MAY, 2023.

MIDTOWN IMPROVEMENT DISTRICT

ATTEST:	CHAIRMAN / VICE CHAIRMAN

SECRETARY / ASST. SECRETARY

EXHIBIT A

NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE MIDTOWN IMPROVEMENT DISTRICT

Notice is hereby given to the public and all landowners within Midtown Improvement District (“District”) the location of which is generally described as comprising a parcel or parcels of land containing approximately

,
in the City of Orlando, Florida, advising that a meeting of landowners will be held for the purpose of electing three
(3) persons 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:		
TIME:		
PLACE:		

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, 3501 Quadrangle Blvd., Suite 270, Orlando, Florida 32817, Ph: (407) 723-5900 (“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.

Jennifer Walden 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 MIDTOWN IMPROVEMENT DISTRICT
FOR THE ELECTION OF SUPERVISORS DATE OF LANDOWNERS’ MEETING: 	, November  , 2023 TIME: 	 _.M.
LOCATION:

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 and 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, three (3) seats on the Board will be up for election by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful 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

MIDTOWN IMPROVEMENT DISTRICT ORANGE COUNTY, FLORIDA
LANDOWNERS’ MEETING – NOVEMBER 	, 2023

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 Midtown Improvement District to be held at 	, on 	, at    a/p.m., 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 MIDTOWN IMPROVEMENT DISTRICT
ORANGE COUNTY, FLORIDA LANDOWNERS’ MEETING - NOVEMBER   , 2023

For Election (3 Supervisors): The two (2) candidates receiving the highest number of votes will each receive a four (4) year term, and the one (1) candidate receiving the next highest number of votes will receive a two (2) year term, with the term of office for the successful candidates 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 Midtown Improvement 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	
1			
2			
5			

Date: 		Signed: 	
Printed Name: 	

Midtown Improvement District

Discussion of Construction Committee Members

Midtown Improvement District

Resolution 2023-03,
Approving a Preliminary Budget for Fiscal Year 2024 and Setting a Public Hearing Date

RESOLUTION 2023-03

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

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

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

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MIDTOWN IMPROVEMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2023/2024 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:		, 2023

HOUR:	3:30 p.m.

LOCATION:	Courtyard Orlando Lake Nona 6955 Lake Nona Blvd.
Orlando, Florida 32827

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT(S).
The District Manager is hereby directed to submit a copy of the Proposed Budget to the local general- purpose governments at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this

Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 9TH DAY OF MAY 2023.

ATTEST:	MIDTOWN IMPROVEMENT DISTRICT

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

Exhibit A:	Proposed Budget

EXHIBIT A

Midtown Improvement District
FY 2024 Proposed O&M Budget

Actual	Anticipated
Through	05/2023 -

Anticipated Total FY 2023

FY 2023	FY 2024
Adopted	Proposed

04/30/2023	09/2023	Budget	Budget

Revenues										
Developer Contributions	$	249,761.24		$	47,320.53	$	297,081.77	$ 499,522.46	$ 550,173.73	
Net Revenues	$	249,761.24		$	47,320.53	$	297,081.77	$ 499,522.46	$ 550,173.73	
General & Administrative Expenses										
Legislative										
Supervisor Fees	$	600.00		$	1,000.00	$	1,600.00	$	4,800.00	$	4,800.00	
Financial & Administrative										
Public Officials' Liability Insurance		2,419.00			-		2,419.00	2,700.00	2,700.00	
Trustee Services		-			-		-	7,500.00	7,500.00	
Management		20,416.69			14,583.31		35,000.00	35,000.00	35,000.00	
Engineering		1,579.54			1,128.25		2,707.79	10,000.00	17,500.00	
Disclosure		-			-		-	5,000.00	5,000.00	
Property Appraiser		-			-		-	2,000.00	2,000.00	
District Counsel		5,570.32			3,978.80		9,549.12	30,000.00	30,000.00	
Assessment Administration		-			-		-	7,500.00	7,500.00	
Reamortization Schedules		-			-		-	250.00	250.00	
Audit		-			3,800.00		3,800.00	6,000.00	6,000.00	
Arbitrage Calculation		-			-		-	500.00	500.00	
Travel and Per Diem		-			125.00		125.00	300.00	300.00	
Telephone		-			-		-	25.00	25.00	
Postage & Shipping		2.40			1.70		4.10	1,000.00	1,000.00	
Copies		-			-		-	1,500.00	1,500.00	
Legal Advertising		2,093.51			1,495.35		3,588.86	7,500.00	7,500.00	
Bank Fees		-			-		-	360.00	360.00	
Miscellaneous		300.00			214.30		514.30	5,000.00	5,000.00	
Meeting Room		96.38			68.85		165.23	400.00	800.00	
Office Supplies		-			-		-	250.00	270.00	
Property Taxes		-			-		-	1,000.00	-	
Web Site Maintenance		2,020.00			1,400.00		3,420.00	3,250.00	3,250.00	
Holiday Decorations		400.00			-		400.00	2,000.00	500.00	
Dues, Licenses, and Fees		175.00			-		175.00	250.00	175.00	
Total General & Administrative Expenses	$	35,672.84		$	27,795.56	$	63,468.40	$ 134,085.00	$ 139,430.00	

Midtown Improvement District
FY 2024 Proposed O&M Budget

Actual	Anticipated
Through	05/2023 -
04/30/2023	09/2023

Anticipated Total FY 2023

FY 2023
Adopted Budget

FY 2024
Proposed Budget

Field Operations Electric Utility Services
Electric
Water-Sewer Combination Services

$	347.61	$	248.30

$	595.91

$	4,560.00

$	4,560.00

Water Reclaimed	2,103.99	1,502.85	3,606.84	19,000.00	19,000.00	
Other Physical Environment
General Insurance	
2,956.00	
-	
2,956.00	
3,300.00	
3,300.00	
Property & Casualty Insurance	220.00	-	220.00	250.00	250.00	
Other Insurance	-	-	-	100.00	100.00	
Irrigation Repairs	4,859.88	3,471.35	8,331.23	20,900.00	20,900.00	
Landscaping Maintenance & Material	60,940.74	43,529.10	104,469.84	176,315.00	206,315.00	
Tree Trimming	-	3,166.65	3,166.65	7,600.00	10,500.00	
Flower & Plant Replacement	11,100.70	4,099.30	15,200.00	15,200.00	15,200.00	
Contingency	761.56	543.95	1,305.51	9,000.00	20,000.00	
Pest Control	-	1,200.00	1,200.00	1,200.00	1,200.00	
Interchange Maintenance Expenses
IME - Aquatics Maintenance	
701.33	
500.95	
1,202.28	
1,272.00	
1,272.00	
IME - Irrigation Repairs	442.20	315.85	758.05	1,200.00	1,200.00	
IME - Landscaping	19,278.42	13,770.30	33,048.72	33,048.72	34,455.00	
IME - Landscape Improvements	-	2,000.00	2,000.00	4,800.00	4,800.00	
IME - Lighting	169.60	121.15	290.75	480.00	480.00	
IME - Miscellaneous	247.79	177.00	424.79	2,400.00	2,400.00	
IME - Water Reclaimed	209.97	150.00	359.97	600.00	600.00	
Road & Street Facilities
Entry and Wall Maintenance	
440.00	
314.30	
754.30	
1,140.00	
1,140.00	
Hardscape Maintenance	-	625.00	625.00	1,500.00	1,500.00	
Streetlights	17,205.32	12,289.50	29,494.82	37,500.00	37,500.00	
Accent Lighting	-	316.65	316.65	760.00	760.00	
Parks & Recreation
Personnel Leasing Agreement	
7,979.93	
5,699.95	
13,679.88	
13,680.00	
13,680.00	
Reserves						
Infrastructure Capital Reserve	-		8,436.00		8,436.00		8,436.00		8,436.00	
Interchange Maintenance Reserve	-		1,195.73		1,195.73		1,195.73		1,195.73	
Total Field Operations Expenses	$ 129,965.04		$  103,673.88		$  233,638.92		$ 365,437.46		$ 410,743.73	
Total Expenses	$ 165,637.88		$  131,469.44		$  297,107.32		$ 499,522.46		$ 550,173.73	

Interest Income	$	14.90		$	10.65		$	25.55		$	-	$	-	
Total Other Income (Expense)	$	14.90		$	10.65		$	25.55		$	-	$	-	
								
Net Income (Loss)	$  84,138.26		$  (84,138.26)		$	-		$	-	$	-	

Income (Loss) from Operations	$ 84,123.36	$ (84,148.91)	$	(25.55)	$	-	$	- Other Income (Expense)

Midtown Improvement District Budget Item Descriptions
FY 2023 – 2024

Revenues

Developer Contribution

Funding from the Developer.

General & Administrative Expenses

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for meeting attendance and to receive up to $200.00 per meeting plus payroll taxes. The amount for the Fiscal Year is based upon all supervisors attending the meetings.

Public Officials’ Liability Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the district trust accounts.

Management

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the district throughout the year.

Disclosure

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the District Manager provides to the trustee and bond holders.

Property Appraiser

Cost incurred for a copy of the annual parcel listing for parcels within the District from the county.

Midtown Improvement District Budget Item Descriptions
FY 2023 – 2024

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Assessment Administration

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Reamortization Schedules

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Arbitrage Calculation

To ensure the District's compliance with all tax regulations, annual computations are necessary to calculate an arbitrage rebate liability.

Travel and Per Diem

Travel to and from meetings as related to the District.

Telephone

Telephone and fax machine services.

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Copies

Printing and binding Board agenda packages, letterhead, envelopes, and copies.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to, monthly meetings, special meetings, and public hearings for the District.

Midtown Improvement District Budget Item Descriptions
FY 2023 – 2024

Bank Fees

Bank fees associated with the services the District uses with the bank (e.g. remote deposit capture, positive pay, wire transfers, ACH payments, monthly maintenance, etc.).

Miscellaneous

Other general & administrative expenses incurred throughout the year.

Meeting Room

Fee associated with renting a meeting room for monthly Board meetings.

Office Supplies

General office supplies associated with the District.

Property Taxes

Ad Valorem taxes on District property that is not tax-exempt.

Web Site Maintenance

Website maintenance fee.

Holiday Decorations

District decorations for the holidays.

Dues, Licenses & Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

Field Operations Expenses

Electric Utility Services

Electric

The District pays for electric meters used on District-owned roads.

Water-Sewer Combination Services

Water Reclaimed

Water used for irrigation

Midtown Improvement District Budget Item Descriptions
FY 2023 – 2024

Other Physical Environment

General Insurance

General liability insurance.

Property & Casualty Insurance

Insurance to protect property and cover casualty.

Other Insurance

Insurance to protect the District not otherwise covered under D&O, General, or Property & Casualty.

Irrigation Repairs

Inspection and repair of irrigation system.

Landscaping Maintenance & Material

Contracted landscaping within the boundaries of the District.

Tree Trimming

Trimming of trees on District property.

Flower & Plant Replacement

Purchase of materials and labor to replace flowers and plants within the District.

Contingency

Other Field Operations expenses incurred throughout the year.

Pest Control

Pest control services.

Interchange Maintenance Expenses

IME – Aquatics Maintenance

Pond maintenance as it relates to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Myrtle Creek Improvement District each chip in for the remainder.

IME – Irrigation Repair

Irrigation repairs as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Myrtle Creek Improvement District each chip in for the remainder.

Midtown Improvement District Budget Item Descriptions
FY 2023 – 2024

IME – Landscaping

Landscaping services as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Myrtle Creek Improvement District each chip in for the remainder.

IME – Landscape Improvements

Landscape improvement services as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Myrtle Creek Improvement District each chip in for the remainder.

IME – Lighting

Lighting services as they relate to the Interchange. The District is responsible for only a portion of the cost Boggy Creek Improvement District, Greeneway Improvement District, and Myrtle Creek Improvement District each chip in for the remainder.

IME – Miscellaneous

Other interchange expenses as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Myrtle Creek Improvement District each chip in for the remainder.

IME – Water Reclaimed

Water reclaimed services as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Myrtle Creek Improvement District each chip in for the remainder.

Road & Street Facilities

Entry and Wall Maintenance

Maintenance of entrance(s) and walls within the District.

Hardscape Maintenance

Purchase or maintenance of hard, yet “movable,” parts of landscape, such gravel, paving, and stones.

Streetlights

Streetlighting expenses within the District.

Accent Lighting

Accent lighting expenses within the District.

Parks & Recreation

Personnel Leasing Agreement

The lease of outside personnel per signed agreement.

Midtown Improvement District Budget Item Descriptions
FY 2023 – 2024

Reserves

Infrastructure Capital Reserve

Funds reserved for infrastructure capital repairs/maintenance/replacement. These funds are kept in a separate bank account.

Interchange Maintenance Reserve

Funds reserved for interchange maintenance/repairs. These funds are kept in a separate bank account.

Other Income (Expense)

Interest Income

Income from interest earnings.

Midtown Improvement District

Payment Authorization Nos. 79

MIDTOWN IMPROVEMENT DISTRICT

Payment Authorization #079
	4/14/2023		
	Item
No.	Payee	Invoice Number	General Fund	
	
1	
Berman Construction			
		April Administrator & Irrigation Specialist	35667	$  1,139.99	
	2	Boggy Creek Improvement District			
		March ICM Expenses	ICM2023-06	$  2,947.22	
	3	BrightView Landscape Services			
		April Sec. 2 Landscaping	8343202	$  5,554.98	
	4	Cepra Landscape			
		April Section 1 Landscaping	O-S4156	$  1,722.25	
		April Section 3 Landscaping	O-S4157	$  1,428.59	
	5	Donald W McIntosh Associates			
		Engineering Services Through 03/24/2023	44017	$	508.52	
	6	ouc
Acct: 5032993173; Service 03/01/2023 - 04/03/20		

$  3,529.27	
	7	PFM Group Consulting			
		OM Fee: April 2023	DM-04-2023-30	$  2,916.67	
	8	VGlobalTech
Jul. - Sep. 2022 Quarterly ADA Audits	

4299	
$	300.00	
		Oct. - Dec. 2022 Quarterly ADA Audits	4611	$	300.00	
		Feb. 2023 Website Maintenance	4742	$	160.00	
		Mar. 2023 Website Maintenance	4795	$	160.00	
		Jan. - Mar. 2023 Quarterly ADA Audits	4878	$	300.00	
		Apr. 2023 Website Maintenance	4921	$	160.00	
			
TOTAL	
$ 21,127.49	

l

f
'1

Sec	ary/Assistant Secretary

Midtown Improvement District

1	Quadrangle Boulevard, Ste. 270

.f1C-_losoP1FM Group Consulting	•.
Orlando, FL 32817
'	,  LaneA@pfm.com II (407) 723-5925

Chairperson

RECEIVED
By Amanda Lane at 9:50 am, Apr 27, 2023

Midtown Improvement District

Work Authorization/Proposed Services
(if applicable)

WORK AUTHORIZATION FOR MAINTENANCE SERVICES

This Work Authorization (the “Work Authorization”), dated

 5/1/2023	,

2023,

authorizes certain work in accordance

with that certain

AGREEMENT BETWEEN THE

MIDTOWN

IMPROVEMENT DISTRICT AND BERMAN CONSTRUCTION, LLC FOR GENERAL MAINTENANCE
SERVICES (the “Agreement”), dated July 20, 2021, by and between:

Midtown Improvement District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in the City of Orlando, Florida, and whose mailing address is 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817 (the “District”); and

Berman Construction, LLC, a Florida limited liability company, with a mailing address of 9801 Lake Nona Club Drive, Orlando, Florida 32827 (hereinafter “Contractor”, together with District the “Parties”).

Section 1. Scope of Services. Contractor shall provide

signage

maintenance

services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms of the Agreement (collectively, the “Services”).

Section 2. Compensation and Term. It is understood and agreed that the payment of compensation for the Services under this Work Authorization shall be in the amount and for the term set forth in the attached Exhibit A, and in the manner set forth in the Agreement.

Section 3. Acceptance. Acceptance of this Work Authorization will authorize the Contractor to complete the Services as outlined above and is indicated by the signature of the authorized representative of the District and the Contractor in the spaces provided below. Contractor shall commence the aforesaid Services as provided herein and shall perform the same in accordance with the terms and conditions of the Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remain in full force and effect.

In witness whereof, the Parties hereto have caused this Work Authorization to be executed the day and year first above written.

Midtown Improvement District

 	

Secretary

By:	  Its:	

Witness

Berman Construction, LLC
5/2/23

By:	  Its:	

Exhibit A: Proposal/Scope of Services

Date of proposal: May 1st, 2023
Client: Midtown Improvement District Project: Road Signage
Scope: New Lane Directional Signage replacement due to damage. WO # 47975

Berman proposes to furnish all labor and materials for the following scope of work:

Provide materials and install new signage.
Labor hours for technician to remove and Install Sign.
48X30 Intersection Lane control on existing post with painted back.

Note: Labor is based on work performed during normal business hours, Monday thru Friday. Cost is for two units.

Total Project Costs $ 830.70 

Estimated Time of Completion- Work will be completed in the most expedient time frame possible.

Payment Schedule: Upon Completion

Additional Notes:
Berman Construction State of Florida CGC # 1518721
All labor work is guaranteed for 1 year. Any work defects due to poor craftsmanship will be repaired at contractor’s expense. Any defect or poor craftsmanship of an installed product will be subject to manufacturer’s warranty. If any dispute arises as a result of this contract, then parties agree to seek binding arbitration as outlined by State of FL contracting policies. Berman Property Maintenance & Construction/ Berman Construction LLC is not responsible for damage to personal property as a result of accepted construction practices and such was not caused from negligent behavior or practices.

Revision and Approval Policy: Please contact our office upon receipt and approval of this contract, and any questions you might have. Due to availability and cost of material at this time, this proposal is only valid for 14 days, starting on the date of the proposal. Should you accept the terms outlined above please

sign below and return. We can then schedule your services at that time. This proposal will become binding once executed by both parties.

Agent for owner (print name and signature)

Berman Property Maintenance & Construction
By, Martin Berman, Chairman & Chief Executive Officer

Midtown Improvement District

District’s Financials

Midtown Improvement District	
Statement of Financial Position	
As of 4/30/2023	
	
General Fund		
Capital Projects Fund		
Total	

Assets	
Current Assets	
General Checking Account	$96,536.80				$96,536.80	
Infrastructure Capital Reserve	8,436.69				8,436.69	
Interchange Maintenance Reserve	1,195.84				1,195.84	
Accounts Receivable - Due from Developer			$510,669.93		510,669.93	
Total Current Assets	$106,169.33		$510,669.93		$616,839.26	
Total Assets	$106,169.33		$510,669.93		$616,839.26	

Liabilities and Net Assets	
Current Liabilities	
Accounts Payable	$2,599.46				$2,599.46	
Due To Other Governmental Units	3,099.88				3,099.88	
Accounts Payable			$510,669.93		510,669.93	
Deferred Revenue			510,669.93		510,669.93	
Total Current Liabilities	$5,699.34		$1,021,339.86		$1,027,039.20	
Total Liabilities	$5,699.34		$1,021,339.86		$1,027,039.20	

Net Assets	
Net Assets - General Government	$16,331.73				$16,331.73	
Current Year Net Assets - General Government	84,138.26				84,138.26	
Net Assets, Unrestricted			($8,081.76)		(8,081.76)	
Current Year Net Assets, Unrestricted			(502,588.17)		(502,588.17)	
Total Net Assets	$100,469.99		($510,669.93)		($410,199.94)	
						
Total Liabilities and Net Assets	$106,169.33		$510,669.93		$616,839.26	

Midtown Improvement District
Statement of Activities As of 4/30/2023

General Fund	Capital Projects
Fund

Total

Revenues

Developer Contributions	$249,761.24				$249,761.24	
Developer Contributions			$464,412.57		464,412.57	
Total Revenues	$249,761.24		$464,412.57		$714,173.81	

Supervisor Fees	$600.00				$600.00	
Public Officials' Liability Insurance	2,419.00				2,419.00	
Management	20,416.69				20,416.69	
Engineering	1,579.54				1,579.54	
District Counsel	5,570.32				5,570.32	
Postage & Shipping	2.40				2.40	
Legal Advertising	2,093.51				2,093.51	
Miscellaneous	300.00				300.00	
Meeting Room	96.38				96.38	
Web Site Maintenance	2,020.00				2,020.00	
Holiday Decorations	400.00				400.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	347.61				347.61	
Water Reclaimed	2,103.99				2,103.99	
General Insurance	2,956.00				2,956.00	
Property & Casualty	220.00				220.00	
Irrigation	4,859.88				4,859.88	
Landscaping Maintenance & Material	60,940.74				60,940.74	
Flower & Plant Replacement	11,100.70				11,100.70	
Contingency	761.56				761.56	
IME - Aquatics Maintenance	701.33				701.33	
IME - Irrigation	442.20				442.20	
IME - Landscaping	19,278.42				19,278.42	
IME - Lighting	169.60				169.60	
IME - Miscellaneous	247.79				247.79	
IME - Water Reclaimed	209.97				209.97	
Entry and Wall Maintenance	440.00				440.00	
Streetlights	17,205.32				17,205.32	
Personnel Leasing Agreement	7,979.93				7,979.93	
Engineering			$21,048.26		21,048.26	
District Counsel			203.00		203.00	
Legal Advertising			352.90		352.90	
Contingency			945,396.58		945,396.58	
Total Expenses	$165,637.88		$967,000.74		$1,132,638.62	

her Revenues (Expenses) & Gains (Losses)

Interest Income	$14.90	$14.90	
Total Other Revenues (Expenses) & Gains (Losses)	$14.90		$0.00		$14.90	
Change In Net Assets	$84,138.26		($502,588.17)		($418,449.91)	

Net Assets At Beginning Of Year	
$16,331.73		
($8,081.76)		
$8,249.97	

Net Assets At End Of Year	
$100,469.99		
($510,669.93)		
($410,199.94)	

Expenses

Ot

Midt				
	Budget to	Actual				
For	the Month Ending 4/30/2023				
	
Actual	
Budget	
Variance	FY 2023
Adopted Budget	
Percentage Spent	

Revenues					
Developer Contributions	$  249,761.24	$ 291,388.10	$  (41,626.86)	$ 499,522.46	50.00%	
Net Revenues	$ 249,761.24	$ 291,388.10	$  (41,626.86)	$ 499,522.46	50.00%	
General & Administrative Expenses					
Legislative					
Supervisor Fees	$	600.00	$	2,800.00	$	(2,200.00)	$	4,800.00	12.50%	
Financial & Administrative					
Public Officials' Liability Insurance	2,419.00	1,575.00	844.00	2,700.00	89.59%	
Trustee Services	-	4,375.00	(4,375.00)	7,500.00	0.00%	
Management	20,416.69	20,416.67	0.02	35,000.00	58.33%	
Engineering	1,579.54	5,833.33	(4,253.79)	10,000.00	15.80%	
Disclosure	-	2,916.67	(2,916.67)	5,000.00	0.00%	
Property Appraiser	-	1,166.67	(1,166.67)	2,000.00	0.00%	
District Counsel	5,570.32	17,500.00	(11,929.68)	30,000.00	18.57%	
Assessment Administration	-	4,375.00	(4,375.00)	7,500.00	0.00%	
Reamortization Schedules	-	145.83	(145.83)	250.00	0.00%	
Audit	-	3,500.00	(3,500.00)	6,000.00	0.00%	
Arbitrage Calculation	-	291.67	(291.67)	500.00	0.00%	
Travel and Per Diem	-	175.00	(175.00)	300.00	0.00%	
Telephone	-	14.58	(14.58)	25.00	0.00%	
Postage & Shipping	2.40	583.33	(580.93)	1,000.00	0.24%	
Copies	-	875.00	(875.00)	1,500.00	0.00%	
Legal Advertising	2,093.51	4,375.00	(2,281.49)	7,500.00	27.91%	
Bank Fees	-	210.00	(210.00)	360.00	0.00%	
Miscellaneous	300.00	2,916.69	(2,616.69)	5,000.00	6.00%	
Meeting Room	96.38	233.33	(136.95)	400.00	24.10%	
Office Supplies	-	145.83	(145.83)	250.00	0.00%	
Property Taxes	-	583.33	(583.33)	1,000.00	0.00%	
Web Site Maintenance	2,020.00	1,895.83	124.17	3,250.00	62.15%	
Holiday Decorations	400.00	1,166.67	(766.67)	2,000.00	20.00%	
Dues, Licenses, and Fees	175.00	145.83	29.17	250.00	70.00%	
Total General & Administrative Expenses	$	35,672.84	$  78,216.26	$  (42,543.42)	$ 134,085.00	26.60%	

Midtown Improvement District
Budget to Actual
For the Month Ending 4/30/2023

Actual	Budget	Variance

FY 2023
Adopted Budget

Percentage Spent

Field Operations Electric Utility Services
Electric
Water-Sewer Combination Services

$	347.61	$	2,660.00	$	(2,312.39)	$	4,560.00	7.62%

Water Reclaimed	2,103.99	11,083.33	(8,979.34)	19,000.00	11.07%	
Other Physical Environment
General Insurance	
2,956.00	
1,925.00	
1,031.00	
3,300.00	
89.58%	
Property & Casualty Insurance	220.00	145.83	74.17	250.00	88.00%	
Other Insurance	-	58.33	(58.33)	100.00	0.00%	
Irrigation Repairs	4,859.88	12,191.67	(7,331.79)	20,900.00	23.25%	
Landscaping Maintenance & Material	60,940.74	102,850.42	(41,909.68)	176,315.00	34.56%	
Tree Trimming	-	4,433.33	(4,433.33)	7,600.00	0.00%	
Flower & Plant Replacement	11,100.70	8,866.67	2,234.03	15,200.00	73.03%	
Contingency	761.56	5,250.00	(4,488.44)	9,000.00	8.46%	
Pest Control	-	700.00	(700.00)	1,200.00	0.00%	
Interchange Maintenance Expenses
IME - Aquatics Maintenance	
701.33	
742.00	
(40.67)	
1,272.00	
55.14%	
IME - Irrigation Repairs	442.20	700.00	(257.80)	1,200.00	36.85%	
IME - Landscaping	19,278.42	19,278.42	-	33,048.72	58.33%	
IME - Landscape Improvements	-	2,800.00	(2,800.00)	4,800.00	0.00%	
IME - Lighting	169.60	280.00	(110.40)	480.00	35.33%	
IME - Miscellaneous	247.79	1,400.00	(1,152.21)	2,400.00	10.32%	
IME - Water Reclaimed	209.97	350.00	(140.03)	600.00	35.00%	
Road & Street Facilities						
Entry and Wall Maintenance	440.00	665.00	(225.00)	1,140.00	38.60%	
Hardscape Maintenance	-	875.00	(875.00)	1,500.00	0.00%	
Streetlights	17,205.32	21,875.00	(4,669.68)	37,500.00	45.88%	
Accent Lighting	-	443.33	(443.33)	760.00	0.00%	
Parks & Recreation						
Personnel Leasing Agreement	7,979.93	7,980.00	(0.07)	13,680.00	58.33%	
Reserves						
Infrastructure Capital Reserve	-		4,921.00		(4,921.00)		8,436.00		0.00%	
Interchange Maintenance Reserve	-		697.51		(697.51)		1,195.73		0.00%	
Total Field Operations Expenses	$  129,965.04		$ 213,171.84		$  (83,206.80)		$ 365,437.46		35.56%	
Total Expenses	$  165,637.88		$ 291,388.10		$ (125,750.22)		$ 499,522.46		33.16%	

Income (Loss) from Operations	
$	
84,123.36	
$	
-	
$	
84,123.36	
$	-	

Other Income (Expense)													
Interest Income	$	14.90		$	-	$	14.90		$	-			
Total Other Income (Expense)	$	14.90		 
$	-	$	14.90		$	-			

 					
Net Income (Loss)	$	84,138.26		$	-	$	84,138.26		$	-