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, July 18, 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 June 20, 2023, Board of Supervisors’ Meeting
Consideration of Resolution 2023-05, Approving an Annual Meeting Schedule for Fiscal Year 2024

Business Matters
Consideration of Landscaping Maintenance Services Proposals for Centerline Segment F
(provided under separate cover)
Consideration of Landscaping Maintenance Services Proposals for Hitchings and Centerline Segment C (provided under separate cover)
Ratification of Payment Authorization Nos. 86 – 88
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 June 20, 2023, Board of Supervisor’s 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, June 20, 2023, at 3:46 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 Brent Schademan Julie Salvo	Assistant Secretary Assistant Secretary Assistant Secretary		
Also Attending:			
Jennifer Walden	PFM		
Lynne Mullins	PFM		
Jorge Jimenez	PFM	(via phone)	
Amanda Lane	PFM	(via phone)	
Tucker Mackie	Kutak Rock		
Ryan Dugan	Kutak Rock	(via phone)	
Jeffrey Newton	Donald W. McIntosh Associates		
Matt McDermott	Construction Committee Member		
Katie Harmer	Berman		
Samantha Sharenow	Berman	(via phone)	
Chris Wilson	Tavistock		

SECOND ORDER OF BUSINESS	Public Comment Period

Dr. Levey called for public comments and noted there was no one in attendance from the public.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the May 9, 2023, Board of Supervisors’ Meeting

The Board reviewed the minutes of the May 9, 2023, Board of Supervisors’ Meeting.

On motion by Mr. Schademan, seconded by Mr. Ventura, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the Minutes of the May 9, 2023, Board of Supervisors’ Meeting.

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FOURTH ORDER OF BUSINESS	Consideration of Resolution 2023-04, Extending Terms of Office

Ms. Walden stated this Resolution extends the current terms of the Board Members by one year so they will expire in even years to coincide with the State and local general election cycle. Seat 3, held by Rob Adams, Seat 4, held by Julie Salvo, and Seat 5, held by Brent Schademan, will all extend their expiration date to November of 2024 and Seat 1, held by Richard Levey, and Seat 2, held by Damon Ventura, will both extend their expiration date to November of 2026.

On motion by Mr. Adams, seconded by Mr. Schademan, with all in favor, the Board of Supervisors for the Midtown Improvement District approved Resolution 2023-04, Extending Terms of Office.

FIFTH ORDER OF BUSINESS	Discussion of Construction Committee Member Vacancy

Ms. Walden noted that Larry Kaufmann provided his resignation after the Construction Committee meeting that took place on Thursday, June 15, 2023. The recommendation is to fill the seat with David Beyer. She added that the sister Districts approved this at their meetings earlier today.

On motion by Mr. Ventura, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Midtown Improvement District approved filling the vacant seat on the Construction Committee with David Beyer.

SIXTH ORDER OF BUSINESS	Consideration of Non-Ad Valorem Assessment Administration Agreement with Orange County Property Appraiser

Ms. Walden explained that this is a standard agreement that the District signs each year with the Property Appraiser for their services related to the tax roll.

On motion by Mr. Schademan, seconded by Ms. Salvo, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the Non-Ad Valorem Assessment Administration Agreement with Orange County Property Appraiser.

SEVENTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year 2022 Audit

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Ms. Walden stated District staff has reviewed and provided comments for the Fiscal Year 2022 Audit, and those comments were incorporated into the final version provided today. This was a standard and clean audit, and there were no deficiencies in internal controls that would be considered material weaknesses.

On motion by Mr. Schademan, seconded by Mr. Ventura, with all in favor, the Board of Supervisors for the Midtown Improvement District accepted the Fiscal Year 2022 Audit.

EIGHTH ORDER OF BUSINESS	Presentation of the Public Facilities Report

Mr. Newton explained this item is a requirement under Florida Statutes, and the report must outline what the District has done to date and what is planned for the next seven years. He added this is the initial report and the report is to be updated every seven years.

On motion by Mr. Ventura, seconded by Mr. Schademan, with all in favor, the Board of Supervisors for the Midtown Improvement District accepted the Public Facilities Report.

NINTH ORDER OF BUSINESS	Ratification of Payment Authorization Nos. 80 – 85

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

On motion by Mr. Adams, seconded by Ms. Salvo, with all in favor, the Board of Supervisors for the Midtown Improvement District ratified Payment Authorization Nos. 80 – 85.

TENTH ORDER OF BUSINESS	Recommendation of Work	
	Authorization/Proposed Services	
Ms. Walden stated there were no Work Authorizations.	

ELEVENTH ORDER OF BUSINESS	Review of District’s Financials

Ms. Walden noted these are the financials through the end of May. The District has spent $196,000.00 of the budget of just under $500,000.00, so the District has spent 39% of the adopted budget so far.

TWELFTH ORDER OF BUSINESS	Staff Reports

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District Counsel –	No report.	
District Manager –	Ms. Walden noted that the next meeting is scheduled for Tuesday, July 18, 2023.	
District Engineer –	Mr. Newton reviewed the Construction Status Memorandum (Minutes Exhibit A).	
	For Centerline Drive Segment F, the certificate of completion from the City was received, and the contract is being closed out with Jr. Davis.	
	For Centerline Drive Segments C & D, the Developer has asked that the project award continue to be deferred. As such, there is no current action for the Board.	
Construction Supervisor –	No report.	
Landscape Supervisor –	No report.	
Irrigation Supervisor –	No report.	

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests

There were no Supervisor requests.

FOURTEENTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Schademan, seconded by Mr. Ventura, with all in favor, the June 20, 2023, Meeting of the Board of Supervisors for the Midtown Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

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Minutes Exhibit A

MEMORANDUM

DATE:	June 20, 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 Certificate of Completion was issued by the City of Orlando on 5/25/23. ODP reconciliation and contract close-out is in process with PECDD.

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

Recommended Motion: None.

Centerline Drive Segments C & D:

Construction Status: Bids for this project were received on 4/28/23. The Developer has requested that this project be deferred for 60-90 days.

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

\\dwmafiles\projects\Proj2021\21505\ENGadmin\C\ec050 Construction Memo 06-20-23.docx

Midtown Improvement District

Resolution 2023-05,
Approving an Annual Meeting Schedule for Fiscal Year 2024

RESOLUTION 2023-05

A RESOLUTION OF THE MIDTOWN IMPROVEMENT DISTRICT DESIGNATING DATES, TIMES AND LOCATIONS FOR REGULAR MEETINGS OF THE BOARD OF SUPERVISORS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Midtown Improvement District (“District”) is a local unit of special- purpose government created and existing pursuant to Chapter 190, Florida Statutes, being entirely situated in the City of Orlando, Florida; and

WHEREAS, the Board of Supervisors of the District (“Board”) is statutorily authorized to exercise the powers granted to the District; and

WHEREAS, all meetings of the Board shall be open to the public and governed by the provisions of Chapter 286, Florida Statutes; and

WHEREAS, the Board is statutorily required to file annually, with the local governing authority and the Florida Department of Economic Opportunity (“DEO”), a schedule of its regular meetings.

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

ADOPTING REGULAR MEETING SCHEDULE. Regular meetings of the District’s Board shall be held as provided on the schedule attached hereto as Exhibit A.

FILING REQUIREMENT. In accordance with Section 189.015(1), Florida Statutes, the District’s Secretary is hereby directed to file this Resolution with DEO.

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

PASSED AND ADOPTED this 18th day of July, 2023.

ATTEST:	MIDTOWN IMPROVEMENT DISTRICT

Secretary/Assistant Secretary	Chairperson

EXHIBIT A

Midtown Improvement District Fiscal Year 2022-2023

The Board of Supervisors of the Midtown Improvement District will hold its meetings for the Fiscal Year 2024 at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd., Orlando, Florida 32827 at 3:30 p.m. on the third Tuesday of each month unless otherwise noted below.

October 17, 2023
November 14, 2023
December 12, 2023
January 16, 2024
February 20, 2024
March 12, 2024
April 16, 2024
May 21, 2024
June 18, 2024
July 16, 2024
August 20, 2024
September 17, 2024

Construction Committee of the Boggy Creek, Greeneway, Midtown & Myrtle Creek Improvement Districts and the Poitras East Community Development District Fiscal Year 2023-2024

The Construction Committee of the Boggy Creek, Greeneway, Midtown and Myrtle Creek Improvement Districts and the Poitras East Community Development District will be meeting for the Fiscal Year 2024 in the office of Tavistock Development Company, 6900 Tavistock Lakes Blvd #200, Orlando, FL 32827 at 3:30 p.m. each month as follows:

October 12, 2023
November 9, 2023
December 14, 2023
January 11, 2024
February 8, 2024
March 14, 2024
April 11, 2024
May 9, 2024
June 13, 2024
July 11, 2024
August 8, 2024
September 12, 2024

Midtown Improvement District

Landscaping Maintenance Services Proposals for Centerline Segment F
(provided under separate cover)

Midtown Improvement District

Landscaping Maintenance Services Proposals for Hitchings and Centerline Segment C
(provided under separate cover)

Midtown Improvement District

Payment Authorizations Nos. 86 - 88

MIDTOWN IMPROVEMENT DISTRICT

Payment Authorization #086

6/9/2023		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District			
	May ICM Expenses	ICM2023-08	$ 2,900.91	
2	BrightView Landscape Services			
	June Landscaping	8429112	$  5,554.98	
3	Donald W McIntosh Associates			
	Public Facilities Report Preparation Services Through 05/19/2023	44248	$  3,000.00	
	Engineering Services Through 05/19/2023	44250	$	571.02	

4	ouc
Acct: 5032993173; Service 05/02/2023 - 06/01/2023		

$  3,617.78	
5	PFM Group Consulting			
	May Billable Expenses	125184	$	64.25	
	DM Fee: June 2023	DM-06-2023-31	$  2,916.67	
	April Reimbursables	OE-EXP-05-2023-32	$	1.20	
	May Reimbursables	OE-EXP-06-2023-26	$	1.20	
6	VGlobalTech			
	June Website Maintenance	5072	$	160.00	
		
TOTAL	
$18,788.01	

Midtown Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando. FL 32817
LaneA@pfm.com II (407) 723-5925

Chairperson

RECEIVED
By Amanda Lane at 9:18 am, Jun 13, 2023

MIDTOWN IMPROVEMENT DISTRICT

Payment Authorization #087
6/23/2023

ltl3m No.

Payee	Invoice
Number

General Fund

1	Supervisor Fees - 06/20/2023 Meeting
Richard Levey	$	200.00

TOTAL	$	200.00

Chairperson

RECEIVED
By Amanda Lane at 6:17 pm, Jun 26, 2023

Midtown Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925

· IJ	y

Dgitally signed by Daniel J. Young
DN: C=US,

Danie	.	OUnQ

E=dan.young@tavistock.com, O=Tavistock Development Co., CN=Daniel J. Young
Date: 2023.06.26
08:48:49-04'00'

MIDTOWN IMPROVEMENT DISTRICT

Payment Authorization #088
6/30/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
BrightView Landscape Services
Irrigation Repair: Replaced Valve by Timer 18	

8422258	

$	350.00	
	Irrigation Repair: Replaced Timer 18	8452165	$  1,066.73	
2	Orlando Sentinel
Legal Advertising on 06/12/2023 (Ad: 7438533)	
OSC74830002	
$	223.25	
		
TOTAL	
$  1,639.98	

Chairperson

Midtown Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817

!	= neat 10:45 am,Jul 05, 2023

LaneA@pfm.com II (407) 723-5925

I

Oigilaff)' Mgned by Daniel J
'O°N"i"iC'=US,
Daniel J. Young:;==i	i° -
cN=Damet J. Young
Date: 2CQ3.07.04
07.02'31-0400'

Midtown Improvement District

Work Authorization/Proposed Services
(if applicable)

Midtown Improvement District

District’s Financials

Midtown Improvement District	
Statement of Financial Position	
As of 6/30/2023	
	
General Fund		
Capital Projects Fund		
Total	

Assets	
Current Assets	
General Checking Account	$606,610.49				$606,610.49	
Infrastructure Capital Reserve	8,436.90				8,436.90	
Interchange Maintenance Reserve	1,195.87				1,195.87	
Accounts Receivable - Due from Developer			$8,805.25		8,805.25	
Due From Other Funds			549,409.17		549,409.17	
Total Current Assets	$616,243.26		$558,214.42		$1,174,457.68	
Total Assets	$616,243.26		$558,214.42		$1,174,457.68	

Liabilities and Net Assets	
Current Liabilities	
Accounts Payable	$18,400.13				$18,400.13	
Due To Other Funds	549,409.17				549,409.17	
Due To Other Governmental Units	6,057.66				6,057.66	
Accounts Payable			$558,214.42		558,214.42	
Retainage Payable			114,868.45		114,868.45	
Deferred Revenue			8,805.25		8,805.25	
Total Current Liabilities	$573,866.96		$681,888.12		$1,255,755.08	
Total Liabilities	$573,866.96		$681,888.12		$1,255,755.08	

Net Assets	
Net Assets - General Government	$0.55				$0.55	
Current Year Net Assets - General Government	42,375.75				42,375.75	
Net Assets, Unrestricted			($353,854.94)		(353,854.94)	
Current Year Net Assets, Unrestricted			230,181.24		230,181.24	
Total Net Assets	$42,376.30		($123,673.70)		($81,297.40)	
						
Total Liabilities and Net Assets	$616,243.26		$558,214.42		$1,174,457.68	

Page 1 of 1

Midtown Improvement District	
Statement of Activities	
As of 6/30/2023	
	
General Fund		
Capital Projects Fund		
Total	

Revenues						
Developer Contributions	$266,092.42				$266,092.42	
Developer Contributions			$1,541,878.64		1,541,878.64	
Developer Advance			345,773.18		345,773.18	
Total Revenues	$266,092.42		$1,887,651.82		$2,153,744.24	
Expenses						
Supervisor Fees	$800.00				$800.00	
Public Officials' Liability Insurance	2,419.00				2,419.00	
Management	26,250.03				26,250.03	
Engineering	5,654.08				5,654.08	
District Counsel	7,598.89				7,598.89	
Audit	1,500.00				1,500.00	
Postage & Shipping	4.80				4.80	
Legal Advertising	2,536.26				2,536.26	
Miscellaneous	300.00				300.00	
Meeting Room	212.03				212.03	
Office Supplies	265.00				265.00	
Web Site Maintenance	2,340.00				2,340.00	
Holiday Decorations	400.00				400.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	465.08				465.08	
Water Reclaimed	3,958.98				3,958.98	
General Insurance	2,956.00				2,956.00	
Property & Casualty	220.00				220.00	
Irrigation	6,276.61				6,276.61	
Landscaping Maintenance & Material	78,352.38				78,352.38	
Tree Trimming	7,600.00				7,600.00	
Flower & Plant Replacement	11,100.70				11,100.70	
Contingency	1,595.27				1,595.27	
IME - Aquatics Maintenance	901.71				901.71	
IME - Irrigation	699.30				699.30	
IME - Landscaping	24,786.54				24,786.54	
IME - Lighting	218.86				218.86	
IME - Miscellaneous	247.79				247.79	
IME - Water Reclaimed	252.77				252.77	
Entry and Wall Maintenance	440.00				440.00	
Streetlights	22,951.44				22,951.44	
Personnel Leasing Agreement	10,259.91				10,259.91	

Page 1 of 2

Midtown Improvement District	
Statement of Activities	
As of 6/30/2023	
	
General Fund		
Capital Projects Fund		
Total	
Engineering			$37,353.52		37,353.52	
District Counsel			203.00		203.00	
Legal Advertising			448.20		448.20	
Landscaping Maintenance & Material			9,791.66		9,791.66	
Contingency			1,609,674.20		1,609,674.20	
Total Expenses	$223,738.43		$1,657,470.58		$1,881,209.01	
Other Revenues (Expenses) & Gains (Losses)						
Interest Income	$21.76				$21.76	
Total Other Revenues (Expenses) & Gains (Losses)	$21.76		$0.00		$21.76	
Change In Net Assets	$42,375.75		$230,181.24		$272,556.99	

Net Assets At Beginning Of Year	
$0.55		
($353,854.94)		
($353,854.39)	

Net Assets At End Of Year	
$42,376.30		
($123,673.70)		
($81,297.40)	

Page 2 of 2

Midt				
	Budget to	Actual				
For	the Month Ending 6/30/2023				
	
Actual	
Budget	
Variance	FY 2023
Adopted Budget	
Percentage Spent	

Revenues					
Developer Contributions	$  266,092.42	$ 374,641.84	$ (108,549.42)	$ 499,522.46	53.27%	
Net Revenues	$ 266,092.42	$ 374,641.84	$ (108,549.42)	$ 499,522.46	53.27%	
General & Administrative Expenses					
Legislative					
Supervisor Fees	$	800.00	$	3,600.00	$	(2,800.00)	$	4,800.00	16.67%	
Financial & Administrative					
Public Officials' Liability Insurance	2,419.00	2,025.00	394.00	2,700.00	89.59%	
Trustee Services	-	5,625.00	(5,625.00)	7,500.00	0.00%	
Management	26,250.03	26,250.00	0.03	35,000.00	75.00%	
Engineering	5,654.08	7,500.00	(1,845.92)	10,000.00	56.54%	
Disclosure	-	3,750.00	(3,750.00)	5,000.00	0.00%	
Property Appraiser	-	1,500.00	(1,500.00)	2,000.00	0.00%	
District Counsel	7,598.89	22,500.00	(14,901.11)	30,000.00	25.33%	
Assessment Administration	-	5,625.00	(5,625.00)	7,500.00	0.00%	
Reamortization Schedules	-	187.50	(187.50)	250.00	0.00%	
Audit	1,500.00	4,500.00	(3,000.00)	6,000.00	25.00%	
Arbitrage Calculation	-	375.00	(375.00)	500.00	0.00%	
Travel and Per Diem	-	225.00	(225.00)	300.00	0.00%	
Telephone	-	18.75	(18.75)	25.00	0.00%	
Postage & Shipping	4.80	750.00	(745.20)	1,000.00	0.48%	
Copies	-	1,125.00	(1,125.00)	1,500.00	0.00%	
Legal Advertising	2,536.26	5,625.00	(3,088.74)	7,500.00	33.82%	
Bank Fees	-	270.00	(270.00)	360.00	0.00%	
Miscellaneous	300.00	3,750.00	(3,450.00)	5,000.00	6.00%	
Meeting Room	212.03	300.00	(87.97)	400.00	53.01%	
Office Supplies	265.00	187.50	77.50	250.00	106.00%	
Property Taxes	-	750.00	(750.00)	1,000.00	0.00%	
Web Site Maintenance	2,340.00	2,437.50	(97.50)	3,250.00	72.00%	
Holiday Decorations	400.00	1,500.00	(1,100.00)	2,000.00	20.00%	
Dues, Licenses, and Fees	175.00	187.50	(12.50)	250.00	70.00%	
Total General & Administrative Expenses	$	50,455.09	$ 100,563.75	$  (50,108.66)	$ 134,085.00	37.63%	

Page 1 of 2

Midtown Improvement District
Budget to Actual
For the Month Ending 6/30/2023

Actual	Budget	Variance

FY 2023
Adopted Budget

Percentage Spent

Field Operations Electric Utility Services
Electric
Water-Sewer Combination Services

$	465.08	$	3,420.00	$	(2,954.92)	$	4,560.00	10.20%

Water Reclaimed	3,958.98	14,250.00	(10,291.02)	19,000.00	20.84%	
Other Physical Environment
General Insurance	
2,956.00	
2,475.00	
481.00	
3,300.00	
89.58%	
Property & Casualty Insurance	220.00	187.50	32.50	250.00	88.00%	
Other Insurance	-	75.00	(75.00)	100.00	0.00%	
Irrigation Repairs	6,276.61	15,675.00	(9,398.39)	20,900.00	30.03%	
Landscaping Maintenance & Material	78,352.38	132,236.25	(53,883.87)	176,315.00	44.44%	
Tree Trimming	7,600.00	5,700.00	1,900.00	7,600.00	100.00%	
Flower & Plant Replacement	11,100.70	11,400.00	(299.30)	15,200.00	73.03%	
Contingency	1,595.27	6,750.00	(5,154.73)	9,000.00	17.73%	
Pest Control	-	900.00	(900.00)	1,200.00	0.00%	
Interchange Maintenance Expenses
IME - Aquatics Maintenance	
901.71	
954.00	
(52.29)	
1,272.00	
70.89%	
IME - Irrigation Repairs	699.30	900.00	(200.70)	1,200.00	58.28%	
IME - Landscaping	24,786.54	24,786.54	-	33,048.72	75.00%	
IME - Landscape Improvements	-	3,600.00	(3,600.00)	4,800.00	0.00%	
IME - Lighting	218.86	360.00	(141.14)	480.00	45.60%	
IME - Miscellaneous	247.79	1,800.00	(1,552.21)	2,400.00	10.32%	
IME - Water Reclaimed	252.77	450.00	(197.23)	600.00	42.13%	
Road & Street Facilities						
Entry and Wall Maintenance	440.00	855.00	(415.00)	1,140.00	38.60%	
Hardscape Maintenance	-	1,125.00	(1,125.00)	1,500.00	0.00%	
Streetlights	22,951.44	28,125.00	(5,173.56)	37,500.00	61.20%	
Accent Lighting	-	570.00	(570.00)	760.00	0.00%	
Parks & Recreation						
Personnel Leasing Agreement	10,259.91	10,260.00	(0.09)	13,680.00	75.00%	
Reserves						
Infrastructure Capital Reserve	-		6,327.00		(6,327.00)		8,436.00		0.00%	
Interchange Maintenance Reserve	-		896.80		(896.80)		1,195.73		0.00%	
Total Field Operations Expenses	$  173,283.34		$ 274,078.09		$ (100,794.75)		$ 365,437.46		47.42%	
Total Expenses	$	223,738.43		$	374,641.84		$ (150,903.41)		$	499,522.46		44.79%	

Income (Loss) from Operations	
$	
42,353.99	
$	
-	
$	
42,353.99	
$	-	

Other Income (Expense)														
Interest Income	$	21.76		$	-	$	21.76		$	-			
Total Other Income (Expense)	$	21.76		 
$	-	$	21.76		$	-			

 					
Net Income (Loss)	$	42,375.75		$	-	$	42,375.75		$	-			

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