SPRING RIDGE COMMUNITY DEVELOPMENT DISTRICT MAY 8, 2019 Spring Ridge Community Development District Inframark, Infrastructure Management Services 210 North University Drive Suite 702, Coral Springs, Florida 33071 Phone: 954-603-0033 Fax: 954-345-1292 Call-In 1-800-747-5150 Code 2758201 May 1, 2019 Board of Supervisors Spring Ridge Community Development District Dear Board Members: The regular meeting of the Board of Supervisors of the Spring Ridge Community Development District will be held on Wednesday, May 8, 2019 at 6:00 P.M. at the Spring Ridge Recreation Center, 14133 Sweet Shrub Court, Brooksville, Florida. Following is the advance agenda for the meeting: 1. Roll Call 2. Pledge of Allegiance 3. Audience Comments on Agenda Items 4. Consent Agenda A. Approval of Minutes of the April 10, 2019 Meeting – Agenda Page #5 B. Acceptance of the Financial Statements Dated March 31, 2019 – Agenda Page #9 C. Number of Registered Voters – 575 Agenda Page #28 5. Engineer’s Report 6. Attorney’s Report 7. Manager’s Report A. RFQ Engineer Discussion B. FY 2020 Budget Discussion C. NPDES Stormwater Discussion 8. Clubhouse Manager’s Report 9. Supervisors’ Requests 10. Audience Comments 11. Adjournment The next Meeting is scheduled Wednesday, June 12, 2019 at 6:00 p.m. Any items not included in the agenda package will either be distributed under separate cover or at the meeting. The balance of the agenda is routine in nature and will be discussed at the meeting. I look forward to seeing you at the meeting and in the meantime if you have any questions, please contact me. Sincerely, Mark Vega Mark Vega Manager Fourth Order of Business 4A. 1 2 MINUTES OF MEETING 3 SPRING RIDGE 4 COMMUNITY DEVELOPMENT DISTRICT 5 6 7 The regular meeting of the Board of Supervisors of the Spring Ridge Community 8 Development District was held on Wednesday, April 10, 2019 at 6:00 p.m. at the Recreation 9 Center, 14133 Sweet Shrub Court, Brooksville, Florida. 10 11 Present and constituting a quorum were: 12 Guillermo Velez Chairperson 13 Jane Brekka Vice Chairperson 14 Alice Charoonsak Assistant Secretary 15 Anthony Martino Assistant Secretary 16 Merry-Lyn Orlando Assistant Secretary 17 18 Also present were: 19 Mark Vega District Manager 20 Sandra Manuele Clubhouse Manager 21 22 The following is a summary of the minutes and actions taken during the April 10, 2019 23 meeting of the Spring Ridge CDD Board of Supervisors. 24 25 FIRST ORDER OF BUSINESS Roll Call 26 Mr. Vega called the meeting to order. Supervisors and Staff introduced themselves, and a 27 quorum was established. 28 29 SECOND ORDER OF BUSINESS Pledge of Allegiance 30 The Pledge of Allegiance was recited. 31 32 THIRD ORDER OF BUSINESS Audience Comments on Agenda Items 33 None. 34 35 FOURTH ORDER OF BUSINESS Consent Agenda 36 A. Approval of Minutes of the February 13, 2019 Meeting Unapproved April 10, 2019 Spring Ridge CDD 37 B. Approval of the Financial Statements Dated February 28, 2019 38 39 On MOTION by Ms. Orlando, seconded by Ms. Charoonsak, with 40 all in favor, the Consent Agenda was approved. 4-0 41 42 43 44 FIFTH ORDER OF BUSINESS Engineer’s Report 45 46 On MOTION by Mr. Velez, seconded by Ms. Charoonsak, with all 47 in favor, Authorization to obtain proposals for engineering services 48 was approved. 4-0 49 50 51 SIXTH ORDER OF BUSINESS Attorney’s Report 52 None. 53 54 55 SEVENTH ORDER OF BUSINESS Manager’s Report 56 57 Let the record reflect Ms. Brekka joined the meeting. 58 59 A. Distribution of the Proposed Fiscal Year 2020 Budget and Consideration of 60 Resolution 2019-2 Approving the Budget and Setting the Public Hearing 61 62 On MOTION by Mr. Velez, seconded by Ms. Orlando, with all in 63 favor, Resolution 2019-2 Approving the Proposed Budget for Fiscal 64 Year 2020 and Setting the Public Hearing on June 12, 2019 at 6:00 65 p.m. was adopted. 5-0 66 67 68 B. Discussion of Printing/Binding and Postage 69 There was a consensus that there would be no printing/binding or packages. 70 71 72 EIGHTH ORDER OF BUSINESS Clubhouse Manager’s Report 73 None. 74 75 76 NINTH ORDER OF BUSINESS Supervisor’s Requests 77 None. 78 79 80 TENTH ORDER OF BUSINESS Audience Comments 81 None. 2 Unapproved April 10, 2019 Spring Ridge CDD 82 83 84 ELEVENTH ORDER OF BUSINESS Adjournment 85 86 On MOTION by Ms. Charoonsak, seconded by Ms. Brekka, with all 87 in favor, the Meeting Adjourned at 1:28 p.m.. 5-0 88 89 90 91 92 93 94 3 Unapproved 4B Spring Ridge Community Development District Financial Report March 31, 2019 Prepared by Spring Ridge Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet - All Funds …………………………………………………. Page 1 Statement of Revenues, Expenditures and Changes in Fund Balances General Fund …………………………………………………. Page 2-3 Special Revenue Fund …………………………………………………. Page 4 Debt Service Fund …………………………………………………. Page 5-7 Notes to the Financial Statements …………………………………………………. Page 8-9 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments …………………………………………………. Page 10 Bank Reconciliation …………………………………………………. Page 11 Cash and Investment Report …………………………………………………. Page 12 Check Register …………………………………………………. Page 13-14 Spring Ridge Community Development District Financial Statements (Unaudited) March 31, 2019 SPRING RIDGE Community Development District Governmental Funds Balance Sheet March 31, 2019 SERIES 2015 SERIES 2015 SERIES 2015 RECREATIONAL A1 DEBT A2 DEBT A3 DEBT GENERAL SPECIAL SERVICE SERVICE SERVICE ACCOUNT DESCRIPTION FUND REVENUE FUND FUND FUND FUND TOTAL ASSETS Cash - Checking Account $ 148,542 $ - $ - $ - $ - $ 148,542 Cash On Hand/Petty Cash 100 - - - - 100 Accounts Receivable 150 - - - - 150 Interest/Dividend Receivables 3,049 - - - - 3,049 Due From Other Funds - 135,376 2,317 1,387 - 139,080 Investments: Certificates of Deposit - 18 Months 301,654 - - - - 301,654 Money Market Account 802,727 - - - - 802,727 Prepayment Fund (A-3) - - - - 2,158,481 2,158,481 Reserve Fund (A-1) - - 60,213 - - 60,213 Reserve Fund (A-2) - - - 33,364 - 33,364 Revenue Fund (A-1) - - 81,844 - - 81,844 Revenue Fund (A-2) - - - 76,910 - 76,910 Revenue Fund (A-3) - - - - 149 149 TOTAL ASSETS $ 1,256,222 $ 135,376 $ 144,374 $ 111,661 $ 2,158,630 $ 3,806,263 LIABILITIES Accounts Payable $ 17,644 $ - $ - $ - $ - $ 17,644 Sales Tax Payable 22 - - - - 22 Due To Other Funds 139,080 - - - - 139,080 TOTAL LIABILITIES 156,746 - - - - 156,746 FUND BALANCES Restricted for: Debt Service - - 144,374 111,661 2,158,630 2,414,665 Special Revenue - 135,376 - - - 135,376 Assigned to: Operating Reserves 93,641 - - - - 93,641 Reserves - ADA 19,675 - - - - 19,675 Reserves - Clubhouse 19,346 - - - - 19,346 Reserves - Gate/Entry Features 20,546 - - - - 20,546 Reserves- Lake Embank/Drainage 88,486 - - - - 88,486 Reserves - Parking Lots 64,577 - - - - 64,577 Reserves - Roadways 110,758 - - - - 110,758 Reserves - Swimming Pools 27,851 - - - - 27,851 Unassigned: 654,596 - - - - 654,596 TOTAL FUND BALANCES $ 1,099,476 $ 135,376 $ 144,374 $ 111,661 $ 2,158,630 $ 3,649,517 TOTALLIABILITIES&FUNDBALANCES$ 1,256,222 $ 135,376 $ 144,374 $ 111,661 $ 2,158,630 $ 3,806,263 Page 1 SPRING RIDGE Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31, 2019 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD REVENUES Interest - Investments $ 1,763 $ 881 $ 6,173 $ 5,292 350.14% Room Rentals - - 1,498 1,498 0.00% Special Assmnts- Tax Collector 388,335 206,755 286,135 79,380 73.68% Special Assmnts- Discounts (15,533) (8,271) (10,903) (2,632) 70.19% Other Miscellaneous Revenues - - 3 3 0.00% Gate Bar Code/Remotes - - 319 319 0.00% Access Cards - - 28 28 0.00% TOTAL REVENUES 374,565 199,365 283,253 83,888 75.62% EXPENDITURES Administration P/R-Board of Supervisors 9,600 4,800 3,800 1,000 39.58% FICA Taxes 734 367 291 76 39.65% ProfServ-Engineering 3,000 1,500 5,400 (3,900) 180.00% ProfServ-Legal Services 11,000 5,500 2,017 3,483 18.34% ProfServ-Mgmt Consulting Serv 52,284 26,142 29,115 (2,973) 55.69% ProfServ-Property Appraiser 7,767 7,767 7,767 - 100.00% Auditing Services 5,000 2,500 - 2,500 0.00% Postage and Freight 1,055 527 356 171 33.74% Insurance - General Liability 17,207 12,905 10,654 2,251 61.92% Printing and Binding 950 475 115 360 12.11% Legal Advertising 1,000 500 101 399 10.10% Misc-Bank Charges 950 475 424 51 44.63% Misc-Assessmnt Collection Cost 7,767 4,134 5,767 (1,633) 74.25% Annual District Filing Fee 175 175 175 - 100.00% Total Administration 118,489 67,767 65,982 1,785 55.69% Landscape Services Contracts-Landscape 40,308 20,154 20,154 - 50.00% Utility - Irrigation 7,225 3,613 5,195 (1,582) 71.90% R&M-Renewal and Replacement 5,000 2,500 350 2,150 7.00% R&M-Irrigation 2,000 1,000 319 681 15.95% Misc-Contingency 100 50 430 (380) 430.00% Total Landscape Services 54,633 27,317 26,448 869 48.41% Gatehouse Communication - Teleph - Field 1,450 725 1,041 (316) 71.79% Electricity - General 650 325 292 33 44.92% R&M-General 6,714 3,357 12,736 (9,379) 189.69% Misc-Contingency 100 50 8,295 (8,245) 8295.00% Total Gatehouse 8,914 4,457 22,364 (17,907) 250.89% Page 2 SPRING RIDGE Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31, 2019 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD Road and Street Facilities Electricity - Streetlighting 13,000 6,500 5,660 840 43.54% R&M-Street