Lake Ashton II Community Development District
Agenda December 18, 2020

-.   ·-	- ---=- -	-

December 11, 2020

Lake Ashton II
Community Development District
219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 - Fax: 407-839-1526

Board of Supervisors Lake Ashton II
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of the Lake Ashton II Community Development District will be held Friday, December 18, 2020 at 9:00 AM at 6052 Pebble Beach Blvd., Winter Haven, FL 33884. Masks will be required for all in attendance. For the safety of all in attendance, social distancing measures will be in place, including limiting capacity at the meeting location to 100 people, on a first come, first served basis. All others will need to participate using the remote participation options specified below, which allow for full public participation and comment.

Members of the public may attend and participate in the meeting utilizing the following options from your computer, tablet or smartphone. To participate using video, please go to the link address below. To participate by telephone, please use the call-in number below and enter the Meeting ID when prompted. Members of the public are further encouraged to submit comments or questions in advance of the meeting by email to jburns@gmscfl.com, or by telephone by calling (407) 841-5524, up until 2:00 PM on Thursday, December 17, 2020.

Zoom Video Link: https://zoom.us/j/91095803577

Zoom Call-In Information: 1-646-876-9923
Meeting ID: 910 9580 3577

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call and Pledge of Allegiance
Approval of Meeting Agenda
Public Comments on Specific Items on the Agenda  (the District Manager will read    any questions or comments received from members of the public in advance of the meeting;

we ask those members of the public wanting to address the Board directly, first state his or her name and his or her address.1)
Presentation from MBS Capital Markets Regarding Potential Refinancing of Series 2005 Bonds
Approval of Minutes of the November 20, 2020 Board of Supervisors Meeting
New Business/Supervisors Requests
Discussion Regarding Landscaping (Requested by Supervisor Zelazny)
Consideration of Agreement with Yellowstone Landscape for Landscape and Irrigation Maintenance Services (to be provided under separate cover)
Presentation from Yellowstone Landscape
Presentation from Applied Aquatics
Discussion of Supervisor Areas of Responsibility (Requested by Supervisor Mecsics)
Update Regarding Settlement Agreement and Flowage Easement with Neighboring Landowner, Vernick
Discussion Regarding Guard House Utilities
Ratification of 2021 Data Sharing and Usage Agreement with Polk County Property Appraiser
Ratification of Non-Ad Valorem Contract Agreement with Polk County Property Appraiser
Discussion Regarding Annual Performance Measures for Indigo Golf—
ADDED
Existing Criteria from Golf Course Food & Beverage Management Agreement dated April 24, 2020
Proposed Criteria Provided by Supervisor Zelazny and Indigo Golf
COVID Procedure Update
Staff Reports
Attorney
Engineer
Golf Course Update from Indigo Golf
Golf Course Financial Statements
Presentation by Ron Lavoie
District Manager’s Report
Lake Ashton II Community Director
Financial Report
Approval of Check Run Summary

1 All comments, including those read by the District Manager, will be limited to three (3) minutes

Combined Balance Sheet
Public Comments
Adjournment

SECTION IV

Presented By: MBS Capital Markets

Lake Ashton II CDD
December 18, 2020

MBS History and Experience

1991

Prager, Sealy & Co.
Prior to establishing MBS in 2011, the partners and key professionals of MBS managed the special tax district group of Prager, Sealy & Co., LLC for more than fifteen years

2011

MBS Capital Markets, LLC

MBS was established for the purpose of transitioning the special tax district finance group into a separate and distinct entity thereby carrying on the special tax district finance efforts previously undertaken by the partners and key professionals of MBS while at Prager

Over the span of their careers, the professionals of MBS have served as lead bankers on the issuance of more than $15 billion of tax-exempt bonds for more than 400 issuers in 1,000 separate transactions

MBS’ partners and key professionals served as underwriter for the District’s past financings, including the Series 2005 and Series 2006 Bonds

As evidenced by the more than 174 refinancing transactions completed with an aggregated volume of greater than $1.9 billion, MBS has demonstrated our extensive banking and institutional bond purchaser relationships thereby allowing us to pursue multiple refinancing alternatives for our Florida special tax district clients

Lake Ashton II CDD	12/18/2020	2

The Series 2005A Bonds Overview

Series 2005A Bonds Overview	Overview Series 2005A Bonds:

In August 2005, the District issued its $7,705,000 Capital Improvement Revenue Bonds, Series 2005A (the "2005A Bonds") and $14,820,000 Capital Improvement Revenue Bonds, Series 2005B (the "2005B Bonds,“ together with the 2005A Bonds, collectively, the “2005 Bonds”).

Proceeds of the 2005 Bonds funded a portion of the District’s Capital Improvement Program, which included roads and street lighting, water and wastewater facilities, acquisition of certain lands within the District, surface water management system, landscaping and security walls, parks and recreation (exclusive of the golf course) and associated professional fees.

The Series 2005A and Series 2005A Special Assessments levied in connection with the Series 2005A Bonds were originally levied on 416 planned units within the District, as well as the golf course; however, certain landowners and the golf course have prepaid their Special Assessments in full, reducing the area on which the Series 2005A Special Assessments are levied to a total of 316 residential lots.	
	Current Status of the 2005A Bonds:

Current 2005A Bonds par outstanding: $3,915,000
Callable: Anytime on or after May 1, 2014 @ par
The Series 2005B Bonds are no longer outstanding				
	Series		Par Outstanding	Average Coupon	Maturity	
	2005A-1 Bonds		$3,915,000		5.375%	May 1, 2036	
	2005B Bonds		$0		4.875%	November 1, 2010	
			$3,915,000				

Lake Ashton II CDD	12/18/2020	3

Refunding Structures

Public Offering – bonds publicly offered to a wide range of buyers

Typically, higher interest cost, costs of issuance and reserve fund requirement.
Necessity to obtain credit rating (and possibly bond insurance if economically beneficial) to reduce interest cost and maximize the economic benefit of the refunding.
Slightly longer timeframe.
Offering memorandum required.
Potentially fewer covenants and conditions for consideration than private placement structure.

Private Placement – bonds privately placed to one or more banking institutions

Typically, lower interest cost, costs of issuance and lower reserve fund requirement.
Credit review but typically no requirement to obtain a rating.
Slightly shorter timeframe.
No requirement for offering memorandum.
Potential covenants and conditions for consideration not required in public offering structure.

Lake Ashton II CDD	12/18/2020	4

Credit Analysis
Achieving the best economic result for the District entails obtaining an investment grade rating from one of the rating agencies and, to the extent possible, a commitment from a bond insurer in the case of a public offering or a term sheet from bank in the case of a private placement. The rating agencies, insurers and banks will review certain credit statistics including, without limitation, those below:

Current Composition

Diversification

Collection History

Level of vertical build-out (homes currently built)

Assessed value of the land within the assessment area

Value to lien analysis of each individual land use and product type within the assessment area

Size of the assessment area

Top ten tax payers in the assessment area

Concentration of top ten tax payers

History of delinquent taxes

Success of tax certificate process

Foreclosure, short sale and resale activity

Lake Ashton II CDD	12/18/2020	5

Refunding Results:
Annual Debt Service Reduction (Public Offering)
							
	Series	
Est. Par Outstanding	Gross Annual Assessments (1)	Blended Coupon	
Maturity	
Call Date	
	
Series 2005A Bonds	$3,915,000	$399,247	5.375%	May 1, 2036	Anytime	
							
	Series 2020 Refunding Bonds (estimated)	$3,890,000	$317,497	2.24%	May 1, 2036	n/a	

Estimated Refunding Results:
Refunding Results
Proposed Dated/Delivery Date	2/01/2021
Est. Series 2020 Par Amount (2)	$3,890,000
Est. Average Interest Rate	2.24%
Est. All-in-TIC	3.13%
Final Maturity (5)	May 1, 2036
Credit Enhancements	Bond Insurance and Surety Bond
50% of MADS

DSRF Requirement

By way of a partial surety bond
And cash funded

Est. NPV Savings (3)	$686,310
Est. NPV Savings % (3)	17.58%
Assessment Area	316 Residential Lots
Chapter 170 Process	No
Est. Gross Annual Debt Service $ (1)	$317,497
Est. Gross Annual Debt Service Reduction $ (1) & (4)	$81,750
Est. Gross Annual Debt Service Reduction % (1) & (4)	20.48%

Lake Ashton II CDD	12/18/2020	6

Estimated Annual Debt Service Savings

Product-Type	

# Units	
Estimated Current Outstanding Par
Per Unit	
Estimated Series 2020 Par
Per Unit	
Current Gross Annual Assessment
Per Unit (1)	Est. Series 2020 Gross Annual Assessment Per Unit (1)	

Est. Annual Savings Per Unit ($) (1)	

Est. Annual Savings
Per Unit (%)		

Single-Family	
316	
$12,398	
$12,310	
$1,263	
$1,005	
$259	
20.48%		
									
Total	316	$3,915,000	$3,890,000	$399,247	$317,497	$81,750	20.48%		

Note: The estimated reduction of annual debt service is calculated based upon comparing the annual debt service for the Series 2005A Bonds to the estimated annual debt service for the proposed Series 2020 Refunding Bonds

Lake Ashton II CDD

12/18/2020	7

Annual Debt Service Savings Con’t

The current and projected gross annual assessments per unit includes the gross-up to provide for the 4% discount for early payment and the 3.0% collection fees charged by the Polk County Tax Collector and Property Appraiser.

An increase in principal would result in the necessity to undertake the Chapter 170 assessment process which includes the notification and holding of a public hearing. This analysis assumes the principal won’t increase.

These figures are net of all costs and transfers from the existing trust estate. This analysis assumes that 100% of the FY 2021 assessments levied ($371,300 net) will be collected by the assumed issuance date (2/1/2021) and available as a source of funds towards the refunding. Assumes there is no Deferred Cost obligation and 100% of the Series 2005A Debt Service Reserve Fund balance is available towards the refunding.

The reduction of annual debt service is calculated based upon comparing the aggregate annual debt service for the Series 2005A Bonds to the estimated annual debt service on the proposed Series 2020 Refunding Bonds

The maturity date on the proposed Series 2020 Refunding Bonds is 5/1/2036, which is consistent with the maturity date on the Series 2005A Bonds.

The underwriter’s discount or placement agent fee is 1.5%. This fee is contingent upon the closing of the refinancing transaction. The estimated costs of issuance for the refinancing are consistent with other similarly recently closed CDD refinancing transactions. Such costs are to be negotiated between the District and the various financing team members.

Lake Ashton II CDD	12/18/2020	8

Next Steps (Assuming Public Offering)

Step 1: Due Diligence including research and credit work

Step 2: Compile a credit package to submit to rating agencies to obtain an underlying credit rating

Step 3: Engage the working team to start on necessary bond documents

Step 4: Prepare offering document for wide-spectrum of Investors

Transaction considerations
(i.e.
Structure/ratings)

Step 5: Market and Close the Bonds

Marketing/ Pricing/Closing

Due Diligence

Preparation of PLOM

Prepare Credit Package

Timeline requires approximately 75 days to complete

Lake Ashton II CDD

9
12/18/2020

Disclosures Regarding Underwriter’s Role – MSRB Rule G-17

Disclosures Concerning the Underwriter’s Role
Municipal Securities Rulemaking Board Rule G-17 requires an underwriter to deal fairly at all times with both municipal issuers and investors;

The Underwriter’s primary role is to purchase securities with a view to distribution in an arm’s-length commercial transaction with the District and it has financial and other interests that differ from those of the District;

Unlike a municipal advisor, the Underwriter does not have a fiduciary duty to the District under the federal securities laws and is, therefore, not required by federal law to act in the best interests of the District without regard to its own financial or other interests;

The Underwriter has a duty to purchase securities from the District at a fair and reasonable price, but must balance that duty with its duty to sell municipal securities to investors at prices that are fair and reasonable; and

The Underwriter will review the official statement for the District’s securities in accordance with, and as part of, its responsibilities to investors under the federal securities laws, as applied to the facts and circumstances of the transaction.

Disclosure Concerning the Underwriter’s Compensation

Underwriter’s compensation that is contingent on the closing of a transaction or the size of a transaction presents a conflict of interest, because it may cause the Underwriter to recommend a transaction that it is unnecessary or to recommend that the size of the transaction be larger than is necessary.

Lake Ashton II CDD	12/18/2020	10

Disclosures Regarding Underwriter’s Role – MSRB Rule G-17

Payments to or from Third Parties. There are no undisclosed payments, values, or credits to be received by the Underwriter in connection with its underwriting of this new issue from parties other than the District, and there are no undisclosed payments to be made by the Underwriter in connection with this new issue to parties other than the District (in either case including payments, values, or credits that relate directly or indirectly to collateral transactions integrally related to the issue being underwritten). In addition, there are no third-party arrangements for the marketing of the District’s securities.

Profit-Sharing with Investors. There are no arrangements between the Underwriter and an investor purchasing new issue securities from the Underwriter (including purchases that are contingent upon the delivery by the District to the Underwriter of the securities) according to which profits realized from the resale by such investor of the securities are directly or indirectly split or otherwise shared with the Underwriter.

Credit Default Swaps. There will be no issuance or purchase by the Underwriter of credit default swaps for which the reference is the District for which the Underwriter is serving as underwriter, or an obligation of that District.

Retail Order Periods. For new issues in which there is a retail order period, the Underwriter will honor such agreement to provide the retail order period. No allocation of securities in a manner that is inconsistent with a District’s requirements will be made without the District’s consent. In addition, when the Underwriter has agreed to underwrite a transaction with a retail order period, it will take reasonable measures to ensure that retail clients are bona fide.

Dealer Payments to District Personnel. Reimbursements, if any, made to personnel of the District will be made in compliance with MSRB Rule G-20, on gifts, gratuities, and non-cash compensation, and Rule G-17, in connection with certain payments made to, and expenses reimbursed for, District personnel during the municipal bond issuance process.

Lake Ashton II CDD	12/18/2020	11

M	I NUTES

MINUTES OF MEETING LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Lake Ashton II Community Development District was held on Friday, November 20, 2020 at 9:04 a.m. at 6052 Pebble Beach Blvd., Winter Haven, FL.

Present and constituting a quorum were:

James Mecsics	Chairman
Bob Zelazny	Vice Chairman
Duff Hill	Assistant Secretary
Colette McKie	Assistant Secretary
Angie Littlewood	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Sarah Sandy	District Counsel, HGS via Zoom
Alan Rayl	District Engineer
Mary Bosman	Community Director
Brian Rhodes	Indigo Golf Partners
Ron Lavoie	Indigo Golf Partners Residents

FIRST ORDER OF BUSINESS	Roll Call and Pledge of Allegiance
Ms. Burns called the meeting to order at 9:00 am and five Supervisors were in attendance constituting a quorum. The Board recited the pledge of allegiance.

SECOND ORDER OF BUSINESS	Approval of Meeting Agenda
Mr. Mecsics: Are there any changes, additions, or recommendations? Hearing
none,

On MOTION by Mr. Hill seconded by Ms. McKie, with all in favor the meeting agenda was approved.

THIRD ORDER OF BUSINESS	Public Comments on Specific Items
on the Agenda (the District Manager will read any questions or comments received from members of the public in advance of the meeting; we ask those members of the public wanting to address the Board directly first state his or her name and his or her address. All comments, including those read by the District Manager, will be limited to three (3) minutes)
Mr. Mecsics: The next Item up is public comments on specific agenda items. Do we have any public comments on any agenda items?
Ms. Burns: We have quite a few public comments that were received prior to the meeting. I will begin reading them.
Matt Thul (public comment provided prior to meeting): Center State bank has told me that the Lake Ashton ATM will only remain in service until sometime next year. When it is removed the closest ATM will be in the Publix shopping center. I am asking the supervisors to designate one of the supervisors to work with Centerstate bank and the Lake Wales CDD to identify a suitable long term location for a Centerstate ATM at the HFC or the clubhouse. Thank you.
Joan Senecal (public comment provided prior to meeting): As a new resident of Riviera Court I love the inside pool. I go there every day that is open and am also a member of the LA SWIM Club. We moved here on June 1. We appreciate the recent gradual extension of hours. I really question how much use of the pool gets later on the week day evenings especially now that it is dark by 6 pm. Many folks stay in after dark. In my opinion, and having discussed this with many other residents, I feel that opening the pool Saturday afternoon and evening AND SUNDAY would benefit many more residents. With cooler months ahead it may get chilly at the outside pool. Plus the winter months and holiday may bring more visitors who would enjoy the inside pool on weekends. It’s great exercise for ALL ages and quite easy to social distance. I hope you give this some consideration.
Calvin Eakins: Pickleball has 170 members, the second largest community in Lake Ashton, behind golf. Courts 1 & 2 are a real eye sore for what I consider Lake Ashton to be a well-maintained community. Furthermore, when we got a professional bid to repaint

2

the courts, it was determined that the disrepair is now dangerous to play on. We deserve better. For a few thousand dollars, let’s get this done.
Sandra Papineau: Can we please find a way to open up the HFC to residents on the weekends. It’s great they extended the hours during the week but that does not include the residents that work and people who want to use the facilities during the weekend.
Tom Wierdak: One issue I would hope the Board would address is a service ‘we had’ when we first moved to Lake Ashton in August of 2017, a very reasonable contract with Spectrum & ADT Security. If we initiate a survey to all residents to see if there is any interest. I think if we have a positive response of at least 1,000 residents we may be able to negotiate a lower cost for these services. Since losing those services I hear nothing but remorse from people I know, even from snowbirds who I believe initiated the end of these mandatory services. One last comments, cost efficiency would improve substantially by scaling down from a two Board system to a ‘one Board system.’ We are one community, not two.
Sandy White: On behalf of the Lake Ashton Swim Club and all lap swimmers who utilize the HFC pool, I am writing to request the backstroke flags to improve the safety for all. Thank you very much for your consideration of our request. We truly appreciate all the CDD II Supervisors have done to bring the pool up to modern safety standards for all swimmers.
Carolyn Bishop: On the corner of Sawgrass Dr and Oakmont Cr is a fenced in station. Now that all houses around it are complete, will they be planting privacy bushes all around it like all the others like it in the neighborhood? This location is NOT at the new 4 way stop but at the other end of Oakmont.
Robert Dupuis: I live on Winged Foot and there is a common area that is between us and a conservation area. Over time the conversation area has taken over LA’s property due to over growth. In some of the areas there is 10 to 12 feet of over growth (weeds and bushes) before you reach the stakes outlining LA’s property line. Each time the grass is cut we lose a little bit more to the conservation area. Is this something the Board may want to look into or is it too expensive to try to reclaim our land. I understand at one point

3

someone was monitoring this and advising our lawn service as to our expectation when cutting near a conservation area.
Mary Clark: The stop sign at Sawgrass and Oakmont, the new stop sign violates the Manual on Uniform Traffic Control Devices requirements that suggest an engineering study that measures approaching cars at the intersection and demonstrates that there is similar traffic coming from all 4 directions before a 4 way stop is warranted. A multi-stop sign is only to be used under certain conditions such as improving traffic flow at two through streets. A 4 way stop is prohibited as a form of traffic control. In Polk County a 36” stop sign is only used on major highways and high crash areas. Polk County does not deem Sawgrass and Oakmont intersection having visibility issues. Polk County does not see a need for a 4 way stop at Sawgrass and Oakmont. I am asking the Board to remove the stop sign on Sawgrass until a proper study is conducted.
Mr. Mecsics: Jillian, I would like to ask that at the end of the meeting when we have our public comments one more time that a Supervisor be able to provide a quick one sentence answer to any public comments that need one.

FOURTH ORDER OF BUSINESS	Organizational Matters
Administration of Oaths to Newly Elected Board Members
* The Oath of Office was administered prior to the beginning of the meeting

Discussion Regarding Sunshine Laws and Electing Compensation
Ms. Burns: I know you all received some information from Sarah. I am happy to go over that now if you would like. The Sunshine Law states that all business of the Board must be conducted in the sunshine, so basically at a public meeting. You are not allowed to discuss Board business outside of a Board meeting with any of the other Supervisors. You are able to talk to me, Sarah, Alan, other residents, etc. That does not mean that you cannot speak with each other, feel free to talk about anything that is not business that would come in front of the Board at a meeting. That applies to emails and text messages as well. You must retain all records related to District business, so I know Sarah would advise against texting because you are not able to retain those easily. We advise against using Facebook or Nextdoor or other social media because it’s very easy to inadvertently have a Sunshine Law infraction. Many Supervisors set up a separate email address for

4

Board business. That way it’s very easy to retain those if you have a public records request.
Ms. Sandy: If you ever have a question about if something is a Sunshine Law violation, please reach out to me.
Ms. Burns: Supervisors are entitled to up to $200 per meeting for their service as a Supervisor. It is entirely up to you if you choose to elect to receive that or not. It’s an individual decision. Previously none of the Supervisors on this Board have elected to receive compensation. You can get with me after the meeting if that is something you are electing to do, and I will help you with the forms.

Consideration of Resolution 2021-02 Electing Officers
Mr. Mecsics: At this time we will be electing the Chairman and Vice Chairman and the rest of our Assistant Secretaries.
Ms. Burns: I would ask that you appoint myself as Secretary and George Flint with GMS as Assistant Secretary. That enables us to sign District documents and go through the process of signing and approving things outside of meetings.
Mr. Hill: We have two very qualified, talented, and smart individuals on the Board. Either one would make terrific Chairmans. It took me a long time to make a decision, but I’d like to nominate Mr. Mecsics as Chairman.

On MOTION by Mr. Hill, seconded by Ms. McKie with all in favor, Resolution 2021-02 Electing Officers with Mr. Mecsics as Chairman, was approved.

Mr. Mecsics: I would like to nominate my army counterpart over here, Bob Zelazny, as the Vice Chairman.

On MOTION by Mr. Mecsics, seconded by Ms. McKie with all in favor, Resolution 2021-02 Electing Officers with Mr. Zelazny as Vice Chairman, was approved.

Ms. Burns: If there is no objection, I would suggest the other three Supervisors be elected as Assistant Secretaries.

5

On MOTION by Mr. Hill, seconded by Mr. Mecsics with all in favor, Resolution 2021-02 Electing Officers with Mr. Hill, Ms. McKie, and Ms. Littlewood as Assistant Secretaries, Ms. Burns as Secretary, and Mr. Flint as Assistant Secretary, was approved.

FIFTH ORDER OF BUSINESS	Approval of Revised Minutes of the
August 21, 2020 Board of Supervisors Meeting
Mr. Mecsics: Did the Board have any comments, corrections, or deletions to the revised August 21, 2020 meeting minutes? Hearing none,

On MOTION by Mr. Zelazny, seconded by Mr. Mecsics with all in favor, the Revised Minutes of the August 21, 2020 Board of Supervisors Meeting, were approved.

SIXTH ORDER OF BUSINESS	Approval of Minutes of the October 16,
2020 Board of Supervisors Meeting
Mr. Mecsics: Did the Board have any comments, corrections, or deletions to the revised August 21, 2020 meeting minutes?
Mr. Zelazny: I have two corrections. On page 27 at the bottom some discussion attributed to defecation was not made by me, I believe that was Mr. Mecsics.

On MOTION by Mr. Zelazny, seconded by Mr. Mecsics with all in favor, the Minutes of the October 16, 2020 Board of Supervisors Meeting, were approved as amended.

SEVENTH ORDER OF BUSINESS	New Business/ Supervisors Requests
Consideration of Resolution 2021-03 Amending the Fiscal Year 2020 General Fund Budget
Ms. Burns: At the end of the fiscal year if we have gone over our overall budget or more than 10% on any line item, the auditors like to see us approve a revised budget. We are basically just adopted the actual amounts from September 30th. This is mostly an administrative matter. The overages were mostly related to the due diligence and legal costs related to the golf course purchase.

6

On MOTION by Mr. Zelazny, seconded by Ms. McKie with all in favor, Resolution 2021-03 Amending the Fiscal Year 2020 General Fund Budget, was approved.

Discussion	of	Settlement	Agreement	and	Flowage	Easement	with Neighboring Landowner, Vernick – ADDED
Ms. Burns: For the record, this was discussed at the Lake Ashton meeting yesterday. They did approve these agreements in substantial form pending approval from the LAII Board.
Ms. Sandy: This was also discussed at the last Board meeting, and the Board approved myself working with Alan and counsel from Lake Ashton to put together a demand letter to send to a neighboring property owner who had constructed a roadway that was causing some flowage issues with the stormwater. We did hear back from Mr. Vernick, he asked to discussed the removal and potential settlement agreement including a release of claims by the Districts against him and vice versa. In an effort to streamline the conversation we went ahead and put together a draft settlement agreement that lays out the requests that both the Districts have of Mr. Vernick and the requests that we think he has of the Districts. It included the removal of that roadway at Mr. Vernick’s own expense and allowing District representatives to inspect that removal. I believe Alan was able to get a visual inspection from the District’s property, but we would like to be able to go in there and more closely inspect it. Mr. Vernick did notify us that he did that removal. We require that the removal be sufficient to restore the natural flow to the grate existing prior to the construction of the roadway. It states that Mr. Vernick would agree not to construct anything in the future that would again cause the same issues. Lastly, it requires Mr. Vernick and the District to enter into a Flowage Easement. This would grant the Districts a drainage and water storage easement over that particular area. That would give the District rights in terms of Mr. Vernick selling his home in the future. We are asking that you approve the documents in substantial form, with any additional changes to be approved by the Chairman.
Mr. Zelazny: Sarah, this is Bob, on page 2 it says Mr. Vernick will leave the flow away in substantially the same condition at that which existed on July 1, 2019. Were you at the Board meeting yesterday?

7

Ms. Sandy: I was not.
Mr. Zelazny: Mr. Realmuto brought up some very good points in his discussion on that. He said instead of using the date of July 1, which is arbitrary on the depth of the lake, should we not try to determine what the acceptable level of the lake is and try for that in the settlement agreement? When I talk with Alan, we believe it should be 16.
Mr. Rayl: I discussed with the LA CDD that the best request we should make in this agreement is that it be returned to the pre altered condition, not stand on an elevation. We don’t know what other downstream tail water could affect the lake level. The lake level is established by SWFWMD for Lake Ashton, which used to be called Lake Myrtle. They did a study in 1985 that shows there are a number of elevation ranges associated with the lake. There are a number of elevation ranges associated with the designs of the community based on the adjacent ponds being able to drain to the lake. We request that it be put to the prealtered condition, whatever that elevation was. There is a clearly defined upstream and downstream channel section and an observable continuous slope in that area of the channel bed.
Mr. Zelazny: We are in the rainy season, we have had the golf cart paths underwater before. If we could get any measurable difference of 2 or 3 inches I think that would be better.
Ms. Sandy: We have not sent this settlement over to Mr. Vernick, so we have not gotten his feedback.
Mr. Zelazny: Are we waiting for the lake level in order to stabilize to with the berm is down?
Mr. Rayl: We are observing the lake levels on the SWFWMD staff gauge daily. We had been seeing a progressive reduction in the lake levels. The timing of the removal of the crossing was in anticipation of the tropical storm coming through. I think we recorded a 1½ of rain in the area from that event. Lake levels have gone up now. Lake Ashton is a 400 acre lake itself, and it has a much larger water shed that contributes to it. The effects take time to be realized. You will see lake levels rise far after the storm event has passed through. All the areas now drain to it and the level rises. When we observed it from the lake side, we could see that the channel was open the pipe was removed and water was flowing through it. Now, we don’t know if there was still material left in the channel bed

8

that would later be a new obstruction. Our recommendation was to physically observe the area of the work and make sure it was returned back to prealtered conditions. Then we would know that there is nothing going on in that channel on that property that is adversely affecting the lake.
Mr. Mecsics: As the one who talked to him I will tell you, it was a major accomplishment to get him to do it himself. What we don’t want to do is start asking a lot more and then that messes our negotiation to get this agreement so we have some easement responsibilities. If the levels are too specific in the agreement he is not going to agree to it, I can see that already. We’ll go back and forth with him for a long time. As our friends on the East side voted, I recommend that we go with what we have here.
Mr. Rayl: For the Board’s information, this easement runs with the land. If he sells it to someone for agricultural use they are similarly prohibited from altering that ditch. If it’s sold for development purposes and becomes part of a subdivision or something, then it becomes a permitting activity that has to be submitted to and approved by SWFWMD. This would take away any chance that this could ever happen again.
Mr. Zelazny: Sarah, how do we know what the existing condition was in July? Was it two feet below the berm line, is it three feet below? If he stops one foot short and doesn’t solve our problem then this all goes for nothing. We have to make sure that our cart paths are dry. If July 1 allows our cart paths to remain dry, then that’s fine.
Mr. Rayl: That date was assigned due to Mr. Vernick’s statements that he created the crossing in August. It’s meant to predate the alteration that he made. There’s another crossing on the immediate property downstream that is also deficient. The flow comes out of the ditch and spreads out across the pasture and then goes back in the ditch again. We don’t know if that crossing also has an effect. We do know if we remove all impacts of this upstream crossing, then that is out of the picture of what affects us.
Mr. Zelazny: Okay, thank you.
Ms. McKie: It seems that our cart paths when we have rain are wet anyway. How can we determine what dry cart paths really mean?
Mr. Zelazny: The path was submerged.

9

Ms. Sandy: There are various factors that are going to add to that. We can point to this one alteration that did appear to cause some significant water issues, but again that is why we are focused on restoring it to the previous condition.

On MOTION by Mr. Mecsics, seconded by Mr. Hill, with all in favor, the Settlement Agreement with Flowage Easement with Neighboring Landowner, Vernick, was approved in substantial form with Authorization for Chairman to approve any additional changes and execute the same.

Mr. Zelazny: Before we leave the subject I have two questions. Are we going to do any of the repair/replacement or destruction of the berm or is that all Mr. Vernick’s responsibility?
Ms. Sandy: That is Mr. Vernick’s responsibility at his cost. Mr. Zelazny: Are the cash registers closed on this project?
Ms. Sandy: There are still attorney and engineering costs involved in trying to finalize this, especially if there are further negotiations on the settlement agreement. In terms of costs to remove the roadway or anything like that, that has not been requested.
Mr. Zelazny: Have we got confirmation from LA CDD I on a 50% cost sharing for engineering and legal fees?
Ms. Burns: That was from the joint meeting, so all costs associated with this for legal and engineering are being shared 50/50 by both Districts.

Consideration of Addendum 6 from Yellowstone Landscape
Mr. Zelazny: This will be the third version of Addendum 6 as we have changed the cutting pattern in the areas that Yellowstone is going to be responsible for. This one finalizes it after coordination with the golf course. The golf course is taking over a considerable amount of the cutting area we had proposed Yellowstone be responsible for in Addendum 6. This is a reduction of about $20,000 over the original Addendum 6.
Ms. Sandy: I have one question Bob, and this might be something we need to work on with you afterwards, we need the final Yellowstone amount. I’ve mentioned to the Board before that we are close to the threshold that would require us to bid this out. I do

10

not think we have surpassed it yet, we just need to understand what needs to be taken out of the annual total amount for Yellowstone.
Mr. Zelazny: Sure, I will get with you and Jill after. This amount, the $179,000+, was already previously approved. This reduces that, so we shouldn’t have an issue with the threshold since it’s coming down.

On MOTION by Mr. Hill, seconded by Ms. McKie, with all in favor, the Addendum 6 from Yellowstone Landscape, was approved.

Mr. Zelazny: Before we leave the Yellowstone contract, let me address a couple issues that residents brought up. I would like to take three minutes to cover our landscaping responsibilities and what we do, and then go over a couple projects the Board is working on and looking at that respond to residents’ concerns as well. Yellowstone has the landscaping contract for all of the common areas in all of the areas between the golf course and the houses on the near side of the lake. By the contract, they are supposed to cut 42 times a year and they string cut the lakes 21 times a year. This is the month where you get 1 string cutting, unfortunately. For the lady that said the grass was long, it has been cut but three months a year you get 1 cutting. Applied Aquatics takes care of the ponds here. we have 34 ponds on the West. They are treated every other Monday for submerged vegetation, emersed vegetation, floating vegetation, and a couple other things. They are out every other Monday doing our ponds. If you have an issue with your pond or with the grass cutting I would ask you to call Mary who supervises the contracts on a regular basis. She can point Dana or Archie in the right direction. A lady called about the lift stations in the new area that are not landscaped. We are researching that right now because the lift stations are owned by the city. It is actually their responsibility. Mr. Mecsics is dealing with the builder to see if they would be willing to plant hedges around those two lift stations. If they aren’t willing to do that and the city is not going to then the Board will have to take that up. We’ve had some comments and concerns about the Boulevard coming in on Ashton Club Boulevard. There are two major initiatives that we’ve been looking at in the past and continue to look at. We will hopefully be addressing the whole landscaping scenario at the next workshop to discuss what the residents want to

11

do going forward. As you know, the trees on the Ashton Club Boulevard, we have lost 6 of them to the lethal bronze disease. The one outside the gate we lost to lightening about a month ago. Right now we have a bid to take the dead Medjool outside the gate down. The issue going forward is, are we going to plant seven new Medjool palms where the palms have been taken out? If you were at the Board meeting on the East they got a quote for one Medjool and it was $6,500. Times that by 7 and it’s almost $50,000. We have been retreated our Medjool palms for about 18 months now and it seems to be working. We don’t have any of the lethal bronze disease showing up in our palm trees and they appear to be healthy. We can leave eight of them there for a while, we can replace them with other palm trees that are not susceptible to lethal bronze disease such as Fox Tails or Royal palms. Those come in at under $2,000 a tree, so that would be a significant savings. A third option we talked about before last year was replacing everything with ornamental streetlights, therefore reducing all the costs of the trees. We would just be limited to rental of the street lights. The Board has been working on all this for the last two years. Hopefully we can have a workshop on landscaping going forward. The last area on the Boulevard is the Hawthorne bushes, you can see how many we have that are dead and there are gaping holes in it. We have about 600 Hawthorne’s there. We would have to put about 150 to 200 to replace the dead ones. Our master gardener has recommended that we look at a solution to put a different type of plant there that is heartier and more sustainable. He recommended the oyster plants. I look forward to discussing with the residents at the workshop the direction that they want to go.
Mr. Mecsics: Thank you Bob, and yes we will be having some workshops in the future to go over that. We want input from the community.

C.	Discussion Regarding Focus 2025
Mr. Zelazny: Some of you know in 2015 Mr. Mecsics suggested that we needed to have a 5 year plan for Lake Ashton and the amenities. I chaired that committee with a bunch of really great volunteers and residents that supported it. What we asked then was what amenities do we want, how do we want to support the residents in 2020? Now in 2020 we are ready to look forward at the next 5 years. I encourage you to find a copy of the 2020 Focus Group Report, it was very extensive. It had near term, midterm, and long

12

term objectives and costs associated with them. All of them were adequately addressed but not all of the solutions made by the Board were implemented. What we need to do now is look at where we are in 2020 and see where we want to be in 2025. In 2015 we did the most successful survey in Lake Ashton at the time. Iris did a great job on that, and I hope she will step up and help us again this year. I would like to kick that off starting in January. I want to get a group of volunteers that want to work on the 2025 Focus Group. I’ve talked with Steve from the East and he is very anxious to do a similar initiative for the East, then we can work together to do a joint survey addressing the entire community. Do I have support allowing us to do that starting in January and working with Steve on the East to make it a joint effort?
Mr. Mecsics: When we did this before it was a grassroots type of activity so we don’t get hung up with the Sunshine Laws and notices. Bob, like myself, will be watching that. This will be non-binding recommendations. If it is anything near as successful as the 2020 Focus Group we will be in good shape.

E.	Discussion Regarding Resurfacing of the Pickleball Courts
Mr. Hill: The reserve study shows a 5 to 7 year life cycle on the pickleball courts. We are in year 6 effective January 7th. Courts 1 and 2 are covered in black residue, there is water coming up around the posts, there is cracking around the outside of the courts. Courts 3 and 4 are the new courts but the land settled and we have 4 bird baths and the paint is starting to show some wear because we have 170 pickleball players. They are still playable, but it is an eye sore and no other amenity is in this kind of condition. The courts are scheduled to be resurfaced in 2022, 2024, and 2025 at a total cost of $24,000. Varsity Courts will do courts 1 and 2 for $3,700, courts 3 and 4 for $3,700, for a total of
$7,400. I’ve negotiated with them to come down and do all four courts at the same time for $6,800. If resurfaced, we won’t have to resurface them again until 2027. That would show a savings on the reserve study of $17,000. This would not need to be done until after the bond is paid off, which is one of the biggest items on our budget. The Pickleball Association greatly appreciates the CDD donating the land for the courts, however I would like to remind you that the Pickleball Association, through membership dues and spaghetti dinners, raised $105,000 to build these courts. This is one of the fastest growing sports

13

in America. We have 170 members that participate and they would greatly appreciate if you would approve this Capital Project.
Ms. Littlewood: What makes is unsafe to play? That came from a resident’s comment. There are other courts that also need to be redone.
Mr. Hill: The bird bath is what they’re called, it’s the depression in the courts where the land settled. They fill with water and they can be slippery. I haven’t seen any indication that’s unsafe. The main issue is the deterioration on courts 1 and 2, the oldest courts, and that there are gouges in the new courts. The paint is starting to wear away because it gets so much usage. They’ve played pickleball 7 days a week in the morning and 3 or 4 times at night. With 170 members it gets a lot of usage. I’d like to see the amenity be brought up to the level that all our other amenities are.
Ms. Littlewood: That is a fairly new court, should we get the vendor back out to look at it? Maybe incorrect materials were used?
Mr. Rayl: You said the newest court had gouges, has that been caused by equipment?
Mr. Hill: Occasionally James has to go in there with the lift to reconnect the windshields. I don’t think he’s responsible for it, but there are gouges. I wish I knew where they came from because nobody out there has done it. The paddles aren’t hard enough to gouge it.
Mr. Rayl: We had a certain warranty period on that work from Varsity. Have they done an inspection of the current condition to see if it was anything to do with construction?
Mr. Hill: He came out and physically inspected the courts when he gave me the proposal.
Ms. McKie: I thought you had said in the beginning that they were warrantied for 7
years.
Mr. Hill: The reserve study shows that the life expectancy of the courts is 5 to 7
years. The amount of wear is what is causing the issue. I agree with Angie on the sports courts. The sports courts are already on the Capital Projects. The racquetball court has some safety issues and probably needs to be done this year. We only have 3 people in the community that play basketball, the rest come from outside. The basketball players

14

have said that there is no need for these courts to be refinished. The courts in the gym have rust stains from the equipment but it just cosmetic.
Mr. Zelazny: Let me clarify a couple things. The original pickleball courts were put in in 2016. The industry standards and per the reserve study, the pickleball courts need to be resurfaced between 5 and 7 year. Replacement is in the 20 year range. The 2016 courts are scheduled to be resurfaced in next year’s budget which is the 6 year point. That is below the life cycle of the project. In the Capital Reserve Study it is true that there is an $8,000 bill associated for that for appropriation purposes. Any negotiations for a reduced price is great and helps the Board, but I don’t believe there is a need to do something in 2021 that is scheduled to be done in 2022. There are no safety issues associated with the pickleball courts right now. I have walked that court numerous times, and I was out again this morning with James, our maintenance personnel. I see no deficiencies, no cracks, no big chips, etc. Granted, the courts are discolored and dirty but that’s the aging. Until we resolve our budget issues with the Capital Budget, I would not support any additions to the Capital Budget at this time.
Mr. Mecsics: As Bob was saying, we are looking at this from a holistic standpoint and what resources we have available. We need to be careful saying there is a safety issue. If you bring up safety and you tell me there is a safety issue and you show it, then we close that amenity down. So, if you say there is a safety issue make sure you are right. Mr. Hill made a motion to approve the quote for resurfacing the pickleball courts,
there was no second and the motion failed.
Mr. Mecsics: Since there was no second, this effort will be tabled.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Sandy: I only have one item to address with the Board today. The District is required to file a Disclosure of Public Financing. We did one back in 2012. The point of the disclosure is to reflect the District’s maintenance and financing that is done historically. It’s recorded in the public record against the properties within the District, that way there is information that new landowners coming into the District can receive. With the change in the District’s maintenance responsibilities, specifically for the golf course, we would like to look into updating that. However, we have also discussed potentially

15

doing a refinancing soon. If possible, we will try and time it so that it will cover both. We will reach out to MBS and see how soon that refinancing would potentially be. If it looks like it will be a ways off, we might go ahead and prepare an update that we could file. If it will be soon, we’ll time it to be at the same time. That’s all I had for the Board, unless anyone has any questions.

Engineer
Mr. Rayl: I’ve got a few things for the Board. At last month’s meeting we talked about the repair for hole #9, we came up with an alternate plan and a bid was out at that time. The Board authorized us to move forward if we could get a quote not to exceed
$10,000. We received a bid in earlier from SNS Contracting, a contractor that has done other work here, for $6,748.50. It was a responsive bid and reflected the work we’ve shown on our detail. We have already been authorized but I wanted to bring it to the Board.
Mr. Mecsics: The original proposal came in at around $21,000. This is a significant reduction.
Mr. Rayl: Also, we have some partial costs in to complete the bridge and flume repairs. There is a high tec sod that can withstand velocity flow going across it, and we got some prices on that. We want the contractor to incorporate that in in the areas they are doing repairs. I hope that next month I will bring the Board something with all costs addressed.
Mr. Zelazny: Alan, those issues will be handled through Billy Casper or Indigo Golf.
Mr. Rayl: The guardhouse, at the time the community was developed the sewer and water utilities were constructed to the standards of the City of Winter Haven and they were dedicated to the City of Winter Haven for ownership and maintenance. At the time of the initial infrastructure construction, the guardhouse and any utility services for the guardhouse were not shown on the original plans. It appears it was all designed, permitted, and constructed in a subsequent event and we haven’t been able to find any drawings or permits on it yet. The City of Winter Haven should have them. Even though it is in a public right of way, the city is not going to consider it a public utility that they will maintain. The lift stations that we know of in the community are publicly dedicated lift

16

stations, they meet all the standards of the city. The station that serves the guardhouse is not something that Winter Haven would ever accept for ownership and maintain. It’s our to deal with to the point of connection that it makes to the public utility. The city does not have records on the underground electric infrastructure. We’ve requested that from TECO, and we should be able to get that information.
Mr. Mecsics: We spoke about the incident at the last meeting that caused us to go looking and requesting all this information. We also had an inquiry from the Florida Department of Environmental Protection that I referred to our attorneys, because some of it did go into the storm drain system. We want to make sure we aren’t liable for anything that may have happened.
Mr. Zelazny: Alan, could you prepare a fact sheet for members of the Board on what responsibilities the CDD has for everything that is underground and what the city is responsible for?
Mr. Rayl: Yes, we can do that. The simple answer is, the utilities are owned and maintained by others, the storm sewer, ponds, roadway infrastructure is ours. I’ll get further definition on all that. We are working on getting utility service out to the bathroom building on hole #6 on the golf course. It also requires TECO power because it’s running off irrigation system power right now. We’ve sent our plan to TECO to coordinate with them so they can prepare a design to bring service to the building. Once we can show that information we will submit this to the City of Winter Haven. They have to approve it then we can get bids on doing that work. There are stub outs in the ten foot tract in the cul de sac, and they stubbed out sewer and water. Upcoming, we have two SWFWMD certifications that are due. We did an inspection on one and Mr. Zelazny helped me arrange to get some vegetation cleared away that made one structure function better. Pond 22 has some leaks in the side drain filtration system, and we are getting a cost to repair that. After that is repaired that certification can be submitted. The other certifications are somewhat dependent upon the lake levels dropping. SWFWMD is allowing time for that to take place, they aren’t coming after us because we didn’t turn in certifications. In general items for the Board’s information, the Mulligan and Dunmore work is complete. All the work was very satisfactory and it looks great behind the houses. They did a great job there. We are out for bid to get repairs made to the landing on the

17

bridge at hole #5, the exit of the bridge on hole #9, the bridge on hole #10, and the turnaround at the hole #10 bathrooms.
Mr. Hill: On the repairs to #9, the cart path area, is it possible to move that over for the golf course to pay for that since we have a $300,000 forgiveness thing over there?
Mr. Mecsics: The cart paths are now being maintained by the golf course, so that amount of money is now being born out of the golf operating budget, not the CDD.
Mr. Hill: Alan, can you give us a brief description of the condition of our roads and what you see us having to spend on the roads in 2021?
Mr. Rayl: We are working off of the pavement inventory that we created a little over a year ago. At the last Board meeting, the Board decided to wait until the beginning of the next calendar year to start looking at the next set of repairs. We had a priority list of the top five of six worst locations based on the study we had done. I think the Board was comfortable with moving forward. There is also a pavement condition report that we did, which is more reflective of the running condition of the roadway, or its overall integrity. Each roadway segment was assigned a score based on the amount and intensity of defects. Inbound Ashton Boulevard was the worst scoring segment if I remember right, and the will of the Board then was that they were going to wait until the majority of the homebuilding was complete to get the heavy traffic loads done with. That way we get the most life out of the roads once they are repaired. I don’t think there is any scheduled or budgeted repairs immediately set up.
Mr. Hill: We have $32,000 set up in the budget for roads next year. Do you feel like we can get by with less than that? We spent $22,000 to $25,000 this year.
Mr. Zelazny: Alan, when we start going over next year’s budget is when we will have that discussion. The budgeted amount has always been $25,000 in the past, it was increased to $32,000 because we accepted the cart paths and bridges as a responsibility. We don’t know if we are going to spend that all. There are projects popping up that were not foreseen, like the portico that Jim is working on and that was $50,000. I don’t think that one month into the budget we should start cutting things.
Mr. Hill: I’m the new one, so I just have questions. Thank you for your input. Mr. Mecsics: That’s okay. We all had questions when we were new.

18

Mr. Zelazny: Alan, just for the record, I appreciate all your work. You’re all over the community, both East and West. I know the East really appreciates your effort but trying to get resolution on the cart paths, the bridges on both sides, the lake leveling, the guard shack, the bathroom on hole #6, we have you everywhere. We really appreciate you.
Mr. Rayl: Thank you Bob.
Mr. Mecsics: He’s all over the place Bob, you’re right. We appreciate you Alan.

Indigo Golf
Golf Course Financial Statements
Mr. Rhodes: Billy Casper Golf has changed their name to Indigo Golf Partners. After 31 years our Board of Directors decided the golf business has evolved, and we are going to evolve with it. Today we are going to divide and conquer. I will do a quick update on the financial status. Last month at this meeting we did not have finals for September, but not I can give you an update on where we ended the year. Total revenue missed budget by $41,000. F&B revenue missed budget by almost $49,000. That’s due to the pandemic more than anything else, we are seeing that at clubs all across the country. We only missed gross revenues by about $24,000. We were able to make up $5,000 in labor cost, we were under budget there. The previous Board had requested that we monitor our spending very closely. We did the best we could and we try to spend money wisely and not over spend. With that being said, we were able to save $75,000 in expenses for the year. We did incur a few things. There was about $1,200 in bad debt that we couldn’t collect, and $9,900 in cart paths and legal fees. We had a very good October. Rounds were about 68 rounds over budget. Our golf revenues, which are membership dues, green fees, cart fees, range fees, any other Pro Shop income, etc. were $2,200 over budget for the month. We found out that very few associate members are playing at the rate we thought they would when they purchased the program and what we projected. Ron is monitoring that on a monthly basis and we are hoping it is a seasonal thing. Food and Beverage made an increase from last month, but we did miss budget by about
$5,500. Cost of goods was slightly higher than our budget but not too bad. The good news is the net contribution, we are positive $250. We broke even in the restaurant last month, and if we continue going that way we should be confident in hitting our numbers. The Pro Shop cost of goods was about 10 points higher than what our normal budget is, and that

19

is because we put a sale on. Labor savings was about $4,000 for the month. We’ve also allocated the dues over a 12 months period, which wasn’t done in our books in the past because we didn’t have the design.
Mr. Mecsics: I want to say thank you. You guys are performing. The negative comments, you are proving them wrong and I thank you for that. I’m not a golfer, but I say thank you for all the hard efforts.
Mr. Hill: I was noticing that you are $18,000 under budget on maintenance, that’s a good job.
Mr. Rhodes: $16,000 was out of the fertilizer. We may incur a little expense on that to gain back, but it won’t be all $16,000.
Mr. Hill: On the associate members, how do you monitor whether they come in and pay when they come to play or do they just drive out there?
The membership is down 2% from prior year, however a lot of it is because of association dues which were a lot less. If you bring that green fees income to the present, we are probably going to be up 4 or 5%. We have people who played 10 or 20 rounds in October, so if they don’t stop they will have the most expensive membership at the club. I’m amazed that they didn’t come in and asked to be changed to an annual membership. I do monitor the golf course. I ride the golf course every night with my wife. We have marshals that will be out on a regular basis. We are always checking. I’ve been riding the golf course since I moved here in August and I found 1 person on the golf course that played that was not a member. Marshals are going to be active out there checking cards and numbers. Also another tidbit, we had 57 associate memberships, which translates into 121 people based on family and single. Obviously it was a successful program. They averaged 11 rounds a day during October. I think November and December will give us a better handle on just how many rounds they will be playing.
Mr. Hill: First of all thank you for cutting the trees down because I found 10 golf balls when I went by there. Second thing, do you have a feel for how many golfers have not come down from up north because of COVID?
Mr. Lavoie: Seasonal memberships are down 29% or $95,966 to prior year. That translates into 22 memberships that are not here. Some of that could be people

20

downgrading or doing the associate. Out of those 22, we would say about 16 Canadians are not here. We have 4 or 5 that flew in that are here.

Golf Course Update
Mr. Lavoie: The weed pressure is much less out there. We spent over $125,000 since we arrived in May on chemicals and fertilizer to be able to get this in decent shape. The majority of that went to the greens. The water is receding which is a good thing. A lot of the resident have noticed and the Board members might have as well, we’ve been tree trimming. They hadn’t been done in four years. They are completely done in the West and they have about a third done on the East. The greens are probably as healthy as they have been in a number of years according to the customers that talk to me. By healthy I mean the roots are probably almost 3 or 4 inches compared to barely an inch when we showed up in May. This allows us to come up with a nice strong greens program where we do a lot of verticutting, aerifying, and top dressing that makes them smoother and quicker. That’s the goal of this golf course, to make sure the greens are up to par with what you expect. We have the new executive course, which is a short golf course for people that don’t play the game. We will probably be making some adjustments based on the comments. We ended up with a couple holes that are kind of long, about 200 yards, and we want to make it more of a par 3 golf course. The Golf Committee has met a couple of times, we try to meet once a month.
Mr. Zelazny: We can’t forget that they have only been here since May 1, and they have completely turned this place around.

District Manager’s Report
Ms. Burns: We are continuing to monitor any COVID updates out of the governor’s office, there has not been much since we entered Phase 3. Welcome to the new Board members, we look forward to working with you.
Mr. Zelazny: When do you anticipate historically when the assessment dollars will start arriving in our bank account?
Ms. Burns: It’s normally this week, around Thanksgiving. I check and last year we had about $450,000 in November and about $700,000 in December. A majority of the funds come in from the tax bill in the end of November and in December.

21

Mr. Zelazny: We will be having an update on COVID at every meeting going forward to go over all our procedures. Our staff is doing a great job monitoring the amenities.
Ms. Littlewood: I’ve had a couple residents say there is a difference between the East policy and our policy. Is there not some way we can work together and have the policies coincide?
Mr. Mecsics: They have a different structure in their community as far as people coming in and out of the buildings. Quite frankly we take a conservative approach at this. Lake Ashton is a community made up of more maturely aged people, and we are at high risk. I think that our procedures are prudent. As much as I like to think that everyone is honest and writes down their names, I know that’s not the case because I have seen people not write their name down. The numbers are rising and California is closing down. If you are going up north and you come back, I would ask that you quarantine or test negative before you come back out into the community.

Lake Ashton II Community Director
Ms. Bosman: Congratulations to the new Board members, HFC staff looks forward to working with you. We have increased our hours of operations without adding any staff. The pool attendant position has changed for this accommodation, the pool attendant now works from 6 a.m. to 11 a.m. Monday through Friday and continues with the previous 8
to 1 p.m. Saturday schedule. Entering and exiting through the main door will take place outside of those hours. Hopefully, this will not be a permanent adjustment. Monday evenings have been the most used evening at the HFC. The Monday number is about 28 when the normal ranges from a low of 3 to about 10 persons. For the most part, they are swimmers. Louis has stated that she is ready to retire at the end of the year. She currently works 16 hours weekly at the reception desk. On October 23 the sewer backed up into the gate house twice in one day and much work and coordination was done to resolve the equipment issues as well as the sanitation issues. Maintenance staff was extremely helpful in getting things done and done correctly during these two incidents.
For projects, the stage curtain has been installed as well as the additional large tv for presentations in the Community Center. This includes building a wooden cornice to

22

cover the tops of the curtain layers. New stop signs have been installed in the Sawgrass intersection. The handheld sanitizing atomizer has arrived. It definitely saves time with disinfecting. We are still waiting for the larger sanitizer to arrive. The Sew What Group has offered to sew the valances for the Card Room. They will be starting that project next week. The former curtain material will be used for the valances which cannot be pulled down as were the curtains and rods. Several communications have been sent to Yellowstone regarding the removal of the dead tree at the Hwy. 653 entrance. This has not been completed by Yellowstone. The first New Resident Social was held since March. There were 80 new residents in attendance, and we managed to get in all the speakers within the 60 minutes goal, remain socially distanced and observe the face mask, temperature checks, and hand sanitizing protocols. Planning is nearly complete to implement a new type of fitness class beginning in December. Laurie Heverly will be the new instructor for the newly published exercise methodology. Several staff members have already contributed expertise and time towards its success. A donation has been received from Fay Wood and Ed Maxwell of audio equipment and the large Smart TV in the community center. This was used at one event already and will be appreciated many times for large events needing media projected.
Ms. Littlewood: I am concerned about people coming in from the pool with wet feet on those tiles in the foyer. Is there a way that people can get out of those doors but can’t come back in?
Ms. Bosman: We tried that philosophy and it didn’t work well. There are mats all over, they have to go over three of them. I mentioned the mop, I think we’ve used it twice. Staff is clued in on safety here.
Ms. Littlewood: I’ve slipped on wet tiles and broken my wrist before, it’s easy to do.
That’s why I’m concerned.
Ms. Bosman: We can certainly take a look at other options going forward. I want to close by thanking James and our IT gentleman.
Mr. Zelazny: I believe we covered everything that the residents wrote in to Jillian about, and I would like to see us move forward with all the swim projects because we have some great swimmers in our community. I believe everyone on the swim club medaled in the senior Olympics.

23

NINTH ORDER OF BUSINESS	Financial Report
Approval of Check Run Summary
Ms. Burns: The total amount for the Check Run Summary for October 12th through November 12th for the General Fund was $156,666.14 and for the Capital Reserve it was
$1,973.76. I would be glad to answer questions that anybody might have.
Ms. Littlefield: I have a question. What’s the difference in a pool monitor and a pool attendant? We’ve got two checks for those.
Ms. Burns: It’s probably just whatever Mary wrote down when she submitted the payment. It’s the same service.
Mr. Zelazny: Is there a way we can have the invoices available for review when we have this check run?
Ms. Burns: We can send those to Supervisors. We don’t put them in the package that goes online because we’ve had people steal fed ex account numbers and things like that.
Mr. Zelazny: Thank you.

On MOTION by Mr. Zelazny seconded by Ms. McKie with all in favor the Check Run Summary was approved.

Combined Balance Sheet
Ms. Burns: Financial statements are included in your package for review, there is no action necessary by the Board. These are the September financial statements. I’ll give a quick review of this. We ended with more revenue than expected which is great. The majority is from the Lake Ashton golf purchase. We were more than fully collected from the tax collectors, so the residents have all paid their assessments. Administrative, we were over budget and we have discussed that for many months now. That’s mainly due to the due diligence and legal costs associated with the acquisition of the golf course. We were about $232,000 over on that line item. As far as the field, we ended pretty close to on budget. There was some additional amounts for the ponds that had to be serviced as part of the acquisition of the golf course. Our ending fund balance was $123,966 in the account that carried over for our beginning balance in October.

24

Mr. Zelazny: At the next meeting could you give us a tutorial on how to read the 6 page document? I think it would be helpful for the new members.
Mr. Hill: When I first started looking at the Capital Budget and General Fund I was lost. I went to Bob and he has explained with me how to read the budgets and funds. I appreciate that Bob.

TENTH ORDER OF BUSINESS	Public Comments
Ms. Burns: Are there any public comments?
Resident: I want to let people know that the Focus Group Report for 2020 is on LakeAshtonLiving.com. I look forward to working with the 2025 committee.
Resident: Regarding the fitness center, we have TVs on the wall that are not able to be used with handling of the controls. Could the TVs be turned on to something like the weather channel or local news? If it’s not being used we could cancel the service for the time being and save some money. I go along with Bob’s comment that I would like to see us come to an agreement with the adjacent landowner to a specific height of that water level.
Resident: First, Bob, we transferred the cost to the ninth hole to Indigo. Does that include the engineering cost?
Mr. Zelazny: We haven’t transferred them at this time, we will have to look into that. If we can we will.
Resident: Jim, this may be best addressed to you. There have been a number of comments on social media about Christmas lights. Is there some way we can coordinate with the HOA so that it’s equal and we don’t have the confusion.
Mr. Mecsics: That’s a great question. I talked to Mary and we will coincide with what the HOA asks the residents to do.

ELEVENTH ORDER OF BUSINESS	Adjournment
There not being any further business to discuss,

On MOTION by Ms. McKie, seconded by Mr. Zelazny, with all in favor, the meeting was adjourned.

25

 	
Secretary / Assistant Secretary	Chairman / Vice Chairman

26

SECTION VI

S ECTION A

SECTION 1

Item	will			be provided		under separate	cover.

SECTION E

Marsha M. Faux, CFA, ASA
Polk County Property Appraiser
2021 Data Sharing and Usage Agreement

LAKE ASHTON II CDD

This Data Sharing and Usage Agreement, hereinafter referred to as "Agreement," establishes the terms and conditions under which the LAKE ASHTON II CDD, hereinafter referred to as agency, can acquire and use Polk County Property Appraiser data that is exempt from Public Records disclosure as defined in FS 119.071.

The confidentiality of personal identifying and location information including: names, physical/mailing/street addresses, parcel ID, legal property description, subdivision/neighborhood name, lot number, GPS coordinates, or any other descriptive property information that may reveal identity or home address pertaining to parcels owned by individuals that have received exempt/ confidential status, hereinafter referred to as confidential information, will be protected as follows:
The agency will not release confidential information that may reveal identifying and location information of individuals exempted from Public Records disclosure.
The agency will not present the confidential information in the results of data analysis (including maps) in any manner that would reveal personal identifying and location information of individuals exempted from Public Records disclosure.
The agency shall comply with all state laws and regulations governing the confidentiality and exempt status of personal identifying and location information that is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential information is subject to the terms and conditions of this Agreement.
The agency shall ensure any third party granted access to confidential information is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided in writing to the agency by the third party before personal identifying and location information is released.
The term of this Agreement shall commence on January 1, 2021 and shall run until December 31, 2021, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually to ensure all responsible parties are aware of and maintain the terms and conditions of this Data Sharing and Usage Agreement.

In witness of their agreement to the terms above, the parties or their authorized agents hereby affix their signatures.

POLK COUNTY PROPERTY APPRAISER
Signature,	M
Print:	Marsha M. Faux CFA. ASA

LAKE ASHTON II CDD

Title: Date:

Polk County Pro p ert y Appraiser December 1. 2020	

Title:

Date:

1 :)-.- I '3 ,1 0 46 

Please email the signed agreement to pataxroll@polk-county.net.

SECTION F

CONTRACT AGREEMENT
This Agreement made and entered into on Monday, December 07, 2020 by and between the Lake Ashton II Community Development District, a local unit of special purpose government of the State of Florida hereinafter referred to as the 'Special District', and Marsha M. Faux, Polk County Property Appraiser, a Constitutional Officer of the State of Florida, whose address is 255 North Wilson Ave., Bartow, FL 33830, hereinafter referred to as the 'Property Appraiser'.

Section 197.3632 Florida Statutes, provides that special assessments of non-ad valorem taxes levied by the Special District may be included in the assessment rolls of the County and collected in conjunction with ad valorem taxes as assessed by the Property Appraiser. Pursuant to that option, the Property Appraiser and the Special District shall enter into an agreement providing for reimbursement to the Property Appraiser of administrative costs, including costs of inception and maintenance, incurred as a result of such inclusion.

The parties herein agree that, for the 2021 tax year assessment roll, the Property Appraiser will include on the assessment rolls such special assessments as are certified to her by the Lake Ashton II Community Development District.

The term ohhis Agreement shall commence on January I, 2021 or the date signed below, whichever is later, and shall run
until December 31, 2021, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew.

The Special District shall meet all relevant requirements of Section 197.3632 & 190.021 Florida Statutes.

The Special District shall furnish the Property Appraiser with up-to-date data concerning its boundaries and proposed assessments, and other information as requested by the Property Appraiser to facilitate in administering the non-ad valorem assessment in question. Specifically, if assessments will be included on the 2021 TRIM Notice, the Special District shall provide proposed assessments no later than Friday,July 16, 2021. The Special District's assessments shall, as far as practicable, be uniform (e.g. one uniform assessment for maintenance, etc.) to facilitate the making of the assessments by the mass data techniques utilized by the Property Appraiser.

The Special District shall certify to the Property Appraiser the Special District's annual installment and levy no later than Wednesday, September 15, 2021. The Property Appraiser shall, using the information provided by the Special District, place the Special District's non ad-valorem special assessments on properties within the district for inclusion on the 2021 tax roll.

The Property Appraiser shall be compensated by the Special District for the administrative costs incurred in carrying out this Agreement at the rate of 1% of the amount levied on the TRIM Notice or if the TRIM Notice is not used, the rate shall be I% of the amount levied on the 2021 tax roll. For the TRIM Notice, the Property Appraiser will require payment on or before Wednesday, September 15, 2021 for processing within the Property Appraiser budget year (October 1st- September
30th).

If the actual costs of performing the services under this agreement exceed the compensation provided for in Paragraph 7, the amount of compensation shall be the actual costs of performing the services under this agreement.

If tax roll corrections are requested by the Special District, the Property Appraiser shall be compensated by the Special District for the administrative costs incurred at the rate of $5 .00 for each tax roll correction exceeding ten (I 0) corrections per tax year.

The Special District shall indemnify and hold harmless, to the extent permitted by Florida law and without waiving its right of any applicable sovereign immunity, the Property Appraiser and all respective officers, employees, agents and instrumentalities from any and all liability, losses or damages, including attorneys' fees and costs of defense, which the Property Appraiser and all respective officers, employees, agents or instrumentalities may incur as a result of claims, demands, suits, causes of actions or proceedings of any kind or nature arising out of, relating to or resulting from the negligent or intentional acts or omissions of the Special District or its employees, agents, servants, partners, principals, or subcontractors arising out of, relating to, or resulting from the performance of the Agreement. The Special District shall pay all claims and losses in connection therewith and shall investigate and defend all claims, suits or actions of any kind or nature in the name of the Property Appraiser where applicable, including appellate proceedings, and shall pay all costs,judgments, and attorneys' fees which may issue thereon.

EX

Special    i.   ict Representative
11 \	\>IAYYJ -5
Print name
P1Yh1vt 
Title

Date

Marsha M. Faux, CFA, ASA Polk County Property Appraiser By:
to-M
Marsha M. Faux, Property Appraiser

SECTION G

SECTION 1

EXHIBIT B

ANNUAL PERFORMANCE MEASUREMENTS

CATEGORY /OBJECTIVES	MEASURE/STANDARD	WEIGHT	
Customer Service
Providing a quality product with timely and accurate customer service, delivering quality events, and providing timely and regular staff training.	Secret Shopper score with the goal of achieving a 111i11i111um average score of
85% on all measures.

Manager will receive all 20 points if goal is met; Manager will
receive prorated points for scores less than 85%.

Assess customer seroice satisfartion through suroeys and comment cards with the goal of achieving a minimum average score of 85% on all measures.

Manager will receive all 20 points if goal is met; Manager will
receive prorated points for scores less than 85%.	20 points

20 points	
Maintenance
Maintaining the health ofLAGC, its aesthetic beauty, and playability as assessed by the playing community.	Assess course condition satisfaction through suroeys and comment cards with the goal of achieving a mi,1imu111 average score of 85% on all meamres.
Manager will receive all 20 points if goal is met; Manager will
receive prorated points for scores less than 85%.	20 points	
Operations
Maintaining an acceptable level of pace of play while increasing rounds played and maximizing potential revenue for LAGC.	Ensure Average Price per Opening (''APO''.) set forth in the Annual Plan and Budget are achieved.

Manager will receive all 15 points if goal is met.

Ensure that play is held to the pace of play standard attributed to the ARGC by the Florida State Golf Association.

Manager shall evaluate the pace of play quarterly and will receive all 10 points if goal is met.

Ensure new guest acq11isilion goals (#) set forth in Annual Plan are achieved.

Manager will receive all 5 points if goal is met.

Ensure ex irti11g guest retention goals (#) set forth in Annual Plan are achieved.

Manager will receive all 5 points if goal is met.

Ensure go(!tournament goals (#) set forth in Annual Plan are achieved.

Manager will receive all 5 points if goal is met.	15 points

10 points

5 points

5 points

5 points	

CATEGORY /OBJECTIVES	MEASURE/STANDARD	WEIGHT	
Customer Service
Providing a quality product with timely and accurate customer service, delivering quality events, and providing timely and regular staff training.	Secret Shopper score with the goal efachieving a minimum average score ef
85% on all measures.

Manager will receive all 10 points if goal is met; Manager will
receive prorated points for scores less than 85%.

Assess customer senlice satiifaction through surof!YS and comment cards with the goal efachieving a minimum average score ef85% on all measures.
Manager will receive all 10 points if goal is met; Manager will
receive prorated points for scores less than 85%.	10  points

10 points	
Restaurant Health and Safety Maintaining the health and safety of the F&B operations.	Meet sanitation standards far Steritech inspections performed throughout the year.

Manager will receive 100% of available points for a score from 0-6; will received 90% of available points  for a score of 7-12; will receive 80% of available points for a score of 13-18; will receive 70% of available points for a score of 19-24; and will receive 0 points for a score in excess of 25.
Meet sanitation standards far each efthe two Department ef Business and Professional Regulation inspection/ performed throughout the year.2

Manager will receive 2.5 points  for  each  DBPR  inspection performed that receives less than 8  total violations  so long as  there are no more than 2 "high priority" violations and O violations
which cause immediate closure of the F&B facilities.3	5 points

5 points	
F&B Operations
Ensuring an efficient restaurant and catering operation while maximizing potential revenue for the F&B Facilities.	Ensure that Cost of Goods Sold remains at or below 35% far all faod and beverage options.

Manager will receive all 2.5 points if goal is met.

Ensure that Direct Labor Expenditures m11ai11 at or below 40%.

Manager will receive all 2.5 points if goal is met.

Ensure that month/y sales goals far all faod seroice and catering options (as set farth in the Budget included in the Annual Plan).

Manager will receive 1.25 points for each month that goal is met for a total of 15 possible points annually.	2.5 points

2.5 points

15 points	

TOTAL ANNUAL POINTS AVAILABLE= 150 POINTS

1 Does not include follow-up inspections
2 This metric shall not apply for the first DBPR inspection in FY 2019-2020, and 2.5 points shall automatically be awarded to Manager for such inspection regardless of actual score .
3 Manager shall not be held responsible for the purposes of calculating compliance with this metric for those violations received relating to matters in which Manager has notified Owner that it needs funding to repair or remediate same, and such funding has not yet been provided by Owner or otherwise been timely made available to enable Manager to  make such repairs or remediation in advance of the relevant DBPR inspection.

SECTION 2

Exhibit B
Annual Performance Measures

Category / Objective	Measure / Standard	Weight	
Customer Service Providing a quality product with timely and accurate customer service, delivering quality events, and providing timely and regular staff training	1. Assess customer service satisfaction through survey with the goals of achieving a minimum average score of 85% on all measures.

Manager will receive all 20 points if goal is met; Manager will receive prorated points for scores less than 85%	1.	20 points	
Maintenance
Maintaining the health of LAGC, its aesthetic beauty, and playability as assessed by the playing community.	1. Assess customer service satisfaction through survey with the goals of achieving a minimum average score of 85% on all measures.

Manager will receive all 20 points if goal is met; Manager will receive prorated points for scores less than 85%	1.	20 points	
Operations Complete requirements as specified in contract under paragraphs A & B of Appendix 1.	1.		Evaluation based on customer surveys, customer complaints and review of documented work schedules, expenditures, and inoperable equipment by board representative.

Manager will receive all 20 points if goal is met; Manager will receive prorated points for scores less than 85%	1.	20 points	
Financial Performance Achieving or exceeding budget revenues and sales goals and
EBITDA	1. Assess financial performance against budgeted EBITDA must meet 85% of budget EBITDA to be considered.	10 points
5 points	
	Manager will receive 10 points if goal is met or exceeded; manager will receive prorated points for 85%- 99%	3.	5 points	
	2. Assess F&B Net Contribution against budgeted Net Contribution. (F&B Net Contribution is calculated as: F&B Revenues – F&B Cost of Goods – F&B Direct Labor – F&B Expenses) must meet 85% of budget to be considered		
	Manager will receive 5 points if goal is met or
exceeded; manager will receive prorated points for 85%- 99%		

3. Assess Membership Sales and Retention Goals against budget. Must meet 85% of budget to be considered
Manager will receive 5 points if goal is met or
exceeded; manager will receive prorated points for 85%- 99%		
F&B Operations Providing a quality product with timely and accurate customer
service, delivering quality events, and providing timely and regular staff training Maintain the health and safety of the F&B operation.	1. Assess customer service satisfaction through survey with the goals of achieving a minimum average score of 85% on all measures.

Manager will receive all 20 points if goal is met; Manager will receive prorated points for scores less than 85%	1.	20 points	

Total Annual Points Available = 100 Points

SECTION VIII

SECTION C

SECTION 1

Lake Ashton Golf Club
For the Month Ending November 30th, 2020

 	November		 	YTD	
Budget	Last Year	Budget	Last Year
 	Actual	Budget	Variance	Last Year	Variance		 	Actual	Budget	Variance	Last Year	Variance	

	Rounds		
4,851	3,777	1,075	0	4,851	Rounds ‐ Member	8,979	7,636	1,343	0	8,979	
0	0	0	0	0	Rounds ‐ Outing	0	0	0	0	0	
487	665	(178)	0	487	Rounds ‐ Public	919	1,297	(378)	0	919	
==================     =======================================================================	================== ================== ================== ================== ================== 5,338	4,441	897	0	5,338	Total Rounds	9,898	8,933	965	0	9,898

	Revenue		
13,094	23,269	(10,175)	0	13,094	Green Fees	24,259	45,400	(21,141)	0	24,259	
30	0	30	0	30	Cart Fees	40	0	40	0	40	
235	0	235	0	235	Driving Range	414	0	414	0	414	
9,074	13,383	(4,309)	0	9,074	Pro Shop Sales	17,968	23,749	(5,781)	0	17,968	
8,586	15,654	(7,068)	0	8,586	Food (Food & Soft Drinks)	17,018	27,675	(10,657)	0	17,018	
8,677	14,078	(5,402)	0	8,677	Beverages (Alcohol)	17,964	24,982	(7,018)	0	17,964	
327	0	327	0	327	Other Food & Beverage Revenue	331	0	331	0	331	
85	0	85	0	85	Other Golf Revenues (Club Rent, Han	115	0	115	0	115	
104,041	99,196	4,845	0	104,041	Dues Income ‐ Monthly Dues	201,593	183,786	17,807	0	201,593	
1	0	1	0	1	Miscellaneous Income and Discounts	43	0	43	0	43	
================= ================= ================== ================= ==================	================== ================== ================== ================== ==================
144,151	165,581	(21,430)	0	144,151 Total Revenue	279,746	305,592	(25,846)	0	279,746

Cost of Sales
7,965	10,707	2,742	0	(7,965) COGS ‐ Pro Shop	15,297	18,999	3,702	0	(15,297)	
3,184	7,044	3,861	0	(3,184) COGS ‐ Food	7,148	12,454	5,305	0	(7,148)	
777	0	(777)	0	(777) COGS ‐ Non‐Alcoholic Beverages	721	0	(721)	0	(721)	
5,508	4,927	(580)	0	(5,508) COGS ‐ Alcohol	9,355	8,744	(611)	0	(9,355)	
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
17,433	22,678	5,245	0	(17,433) Total Cost of Sales	32,521	40,196	7,675	0	(32,521)
================= ================= ================== ================= ==================	==================   ==================   ================== ==================  ==================
126,717	142,902	(16,185)	0	126,717 GROSS INCOME	247,224	265,396	(18,171)	0	247,224	

17,756	
16,927	
(829)	
0	Labor
(17,756) Golf Operation Labor	
35,467	
34,767	
(700)	
0	
(35,467)	
33,218	36,485	3,267	0	(33,218) Maintenance and Landscaping	70,161	73,326	3,165	0	(70,161)	
7,730	7,131	(599)	0	(7,730) F&B	15,826	14,412	(1,414)	0	(15,826)	
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
58,704	60,543	1,839	0	(58,704) Total Direct Labor	121,454	122,505	1,051	0	(121,454)

5,059	6,175	1,117	0	(5,059) Total Payroll Taxes	10,491	12,495	2,004	0	(10,491)	
4,935	6,054	1,119	0	(4,935) Total Medical/Health Benefits	7,470	12,250	4,780	0	(7,470)	
1,130	1,454	324	0	(1,130) Total Workmans Comp	2,260	2,899	640	0	(2,260)	
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
11,123	13,683	2,560	0	(11,123) Total Payroll Burden	20,221	27,645	7,424	0	(20,221)
================= ================= ================== ================= ==================	==================   ==================   ================== ==================  ==================
69,828	74,227	4,399	0	(69,828) Total Labor	141,675	150,150	8,475	0	(141,675)

Other Operational Expenses

2,142	974	(1,168)	0	(2,142) Golf Ops	2,844	1,883	(961)	0	(2,844)	
15,800	16,790	990	0	(15,800) G&A	32,013	33,581	1,568	0	(32,013)	
17,244	18,718	1,474	0	(17,244) Maintenance	43,172	62,846	19,674	0	(43,172)	
1,939	2,885	946	0	(1,939) F&B	3,556	5,720	2,164	0	(3,556)	
300	560	260	0	(300) Sales and Marketing	2,975	2,620	(355)	0	(2,975)	
843	4,800	3,957	0	(843) Insurance ‐ P&C	1,686	9,600	7,914	0	(1,686)	
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐   ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐	‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
38,269	44,727	6,458	0	(38,269) Total Other Operational Expenses	86,245	116,250	30,005	0	(86,245)
================= ================= ================== ================= ==================	==================   ==================   ================== ==================  ==================
108,097	118,954	10,857	0	(108,097) Total Expenses	227,919	266,399	38,480	0	(227,919)
================= ================= ================== ================= ==================	================== ================== ================== ================== ==================
18,621	23,948	(5,328)	0	18,621 EBITDAR	19,305	(1,004)	20,309	0	19,305
================= ================= ================== ================= ==================	================== ================== ================== ================== ==================
18,621	23,948	(5,328)	0	18,621 EBITDA	19,305	(1,004)	20,309	0	19,305

================= ================= ================== ================= ==================	================== ================== ================== ================== ==================
18,621	23,948	(5,328)	0	18,621 Net Income	19,305	(1,004)	20,309	0	19,305

SECTION E

LA II COMMUNITY DIRECTOR
REPORT
December 18, 2020

Mary Bosman
mbosman@lakeashton2cdd.com

Projects/Summaries
The following is a list of updates around the HFC since the last LA II Board of Supervisors’ Meeting, on November 20, 2020
STAFFING
The Pool Attendant was discharged, and replacement is being sought at this time. Krystle is doing the Saturday 8 AM – 1 PM slot and Securitas staff are doing the 6 AM – 8 AM slot until we can find someone. Currently after 8 AM all pool/hot tub goers must enter through the main lobby because of no staffing in the pool area. We have not had complaints about this.
As stated last month, December is Louise Crespin’s last month before retirement. She’s indicated interest in becoming our Volunteer Head Librarian, so we hope to continue to see her in this capacity. We are currently seeking a staff person to fill the 4 PM – 10 PM slot as Ryan Buswell will be filling the day position Louise is vacating.
I will be out of the office but available if needed, for the better part of 2 weeks beginning December 16th, as my husband is getting a complete knee replacement on that day. I will be working from home much of that time. I will also be able to come in for meetings after the first week as well. This time will be paid as I have 2 weeks of vacation to use yet before the end of the year.
James will be out of the office from December 22 until December 28 as his wife is also having surgery and he will need to care for her. This time will be paid as he has vacation and personal time to use prior to the end of the year. Again, I will be available to help staff with problems as they may turn up.

Facility
The wall lights around the perimeter of the Pool are needing to be replaced. This is a very minimal expense. Several are no longer working, and they are no longer made to enable just getting replacements. Chemicals and moisture in the air are brutal on the metal parts and wiring.
The fire alarm in the Pool malfunctioned causing a system alarm failure this month. The fire alert part of the alarms continued to work, but the system alert sounded continually until Hartline was able to get out here, which was within 18 hours. Both staff and residents were inconvenienced with this. There are quotes coming in for a separate module system via Hartline to isolate the pool alarm. With this in place the rest of the system would not be on error mode, should something go wrong again in the pool area. One solution is that we will be keeping on the fans on to prevent some of the moisture and chemical damage that occurs. This will result in difficult communications during water aerobics classes and general noise levels during water volleyball.
Three fan belts broke the same day over the ceiling of the Pool. Tradition Air and James made the repairs needed.
My office computer is totally blacking out from time to time. IT has backed it up of course. The replacement costs would be approximately $1,300. Requesting approval for when I can’t use this anymore to replace. See attached specs.
Resident Comments
Bob Zelazny and I sat in on a conflict resolution meeting regarding two residents at one of the dog parks. There is no further need for action at this time. A letter was sent to both individuals summarizing this meeting. The Joint Amenities Policies were followed and records will be kept for future reference.
Many residents continue to thank staff and the LA II CDD BOS for the conservative approach to COVID-19 prevention. Two cases of Lake Ashton residents testing positive were reported this month and no HFC involvement was there in either case. The ability to accurately do contact tracing remains a vital part of this approach. The reciprocal approach among the Pro Shop, Clubhouse and HFC for awareness of cases is appreciated.
Recently, the CDC has issued additional information referencing the benefits of limiting exposure from out of state persons until after a quarantine period. Rarely are guest here for more than a week, so it has been suggested to have guests here only during the 3-5 PM period so residents can come over at times (between 6 AM and 10 PM) when guests would not be here. The Pool and the Fitness Center are the locations whereas guests will come and we have staff cleaning those thoroughly at the close and beginning of every workday. We continue to work with flexibility to best serve our residents and guests in a safe manner.
Best Wishes for a wonderful Holiday Season and Happy New Year!

Enjoy a safe, convenient shopping experience this holiday season. Learn more

Credit Cards	Top Deals	Deal of the Day	Gift Cards	Health & Wellness	For Your Business	Donate to S Searc h Best Buy				Q			Lakeland

Products	Brands	Deals	Services	Account	Recently Viewed	Order Status

Best Buy ► Computers & Tablets ► Desktop & All-in-One Computers ► All Desktops ►  All-in-One Computers  ►  Touch-Screen All-in­ One Computers

Saved 11

Sh,

HP
HP - Pavilion 27" Touch-Screen All-In-One - Intel Core i7 - 16GB Memory - 512GB SSD - Sparkling Black

*****

Model: 27-d0014 SKU: 6428089

(81 Reviews) V'	54 Answered Questions

Price Match Guarantee
$1,299.99 4 !! =	: •:ith
18-Month Financing Show me how>

=t EXTENDED HOLIDAY RETURN PERIOD
When purchasednow through Jan 2. you can return this anytime until Jan 16. Learn more >

Free item with purchase A $29.99 value

Hot offer $20 Off Office Apps with Select Device

Open-Box: from $1,065 .99

System Memory (RAM): CD

16GB

Total Storage Capacity:

512GB

(922)

----=--

@  *Pr*ote*ct*tylour computer

1
•   • ·- ·

Interactive Tour and documents

Year Accidental Geek Squad

0

Protection	Abou ·

· - · .

0

Year Accidental Geek Squad
Protection	Abol

0

Year Acc id ental Geek Squad
Protection	Abou

Learn more

Get more done with Microsoft 365

=:=-
0	--
,. • • • f

Microsoft 365 Personal (1 Person) (12- Month Subscription-Auto Renew) - Android, Chrome, Mac, Wi	s. iOS [Digital]
Auto renews. Cancel any time . See terms.

SECTION IX

S ECTION A

	LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT		
	Check Run Summary GF		

Date	10/12/2020-11/12/2020

Check Numbers	

Amount	
11/18/20	3219-3220	$968.45	
11/19/20	3221-3230	$15,897.82	
11/20/20	3231-3234	$12,831.69	
11/23/20	3235	$175.00	
12/1/20	3236-3241	$2,575.62	
12/4/20	3242-3254	$29,856.14	

Total	 	$62,304.72 

Lake Ashton II CDD
Special Assessment Receipts

Date Received

Collection Period

O&M Receipts

O&M	Debt
O&M	Debt Svc	Debt Svc    Discounts/    Discounts/  Commissions   Property

Interest	Receipts

Interest	Penalties

Penalties

Paid

Appraiser

Net Amount Received

$1,544,991.24
.36300.10000
General Fund 100.00%

$399,247.04
.36300.10000

$330,000.00	$729,247.04
.36300.10200

05A Debt Svc Fund  06A Debt Svc Fund

54.748%

45.252%

Debt Total 100%

Fiscal Year Ending September 30, 2021

11/16/20	10/01/20-10/31/20	$	2,285.49	$   -	$	-	$     -	$	91.42	$	-	$	43.88	$	-	$ 2,150.19	$	2,150.19	$	-	$	-	$	-	
11/19/20	06/01/20-10/15/20	$ 15,959.44	$   -	$ 6,476.38	$     -	$	837.87	$ 340.01	$	425.16	$	-	$ 20,832.78	$	14,832.74	$	3,284.89    $	2,715.15    $	6,000.04	
11/23/20	11/01/20-11/08/20	$ 153,127.83	$   -	$ 59,153.20	$     -	$ 6,125.14	$ 2,366.20	$ 4,075.79	$	-	$ 199,713.90	$	144,233.82	$	30,374.15 $	25,105.93	$ 55,480.07	
12/1/20	11/09/20-11/15/20	$ 146,271.36	$   -	$ 70,510.72	$     -	$ 5,850.88	$ 2,820.52	$ 4,162.21	$	-	$ 203,948.47	$	137,592.90	$	36,328.24 $	30,027.32	$ 66,355.56	
		$ 317,644.12	$   -	$ 136,140.30	$     -	$ 12,905.31	$ 5,526.73	$ 8,707.05	$	-	$ 426,645.33	$	298,809.65	$	69,987.28 $	57,848.40	$ 127,835.68	
BALANCE REMAINING		$1,227,347.12	$593,106.74									

19.95%
$1,820,453.86

Gross Percent Collected Balance Due

S ECTION 8

LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
November 30, 2020

ASSETS:	 	MAJOR FUNDS	
DEBT	CAPITAL
 	GENERAL	 	SERVICE	 	PROJECTS		TOTAL GOVERNMENTAL
 	FUNDS		
CASH	$197,840	---	$21,125	$218,965	
PETTY CASH	$100	---	---	$100	
ASSESSMENTS RECEIVABLE	$137,593	$66,356	---	$203,948	
DUE FROM GENERAL FUND	---	$61,982	$75,000	$136,982	
DUE FROM CAPITAL RESERVE	$1,314	---	---	$1,314	
INVESTMENT - STATE BOARD - SURPLUS FUNDS	$11	---	$256,248	$256,259	
SERIES 2005A			
RESERVE A	---	$264,262	---	$264,262	
PREPAYMENT A	---	$1	---	$1	
REVENUE A	---	$1	---	$1	
DEFERRED COST A/B	---	$33,508	---	$33,508	

SERIES 2006A			
RESERVE A	---	$77,153	---	$77,153	
PREPAYMENT A	---	$15,456	---	$15,456	
DEFERRED COST A/B	---	$3,446	---	$3,446	
COST OF ISSUANCE	---	---	$29	$29	
DEPOSITS	$24,463	---	---	$24,463	
PREPAID EXPENDITURES	$6,253	---	---	$6,253	
TOTAL ASSETS	 	$367,574	$522,165	$352,402	$1,242,141

LIABILITIES:		
ACCOUNTS PAYABLE	$31,984	---	---	$31,984	
DUE TO GENERAL FUND	---	---	$1,314	$1,314	
DUE TO DEBT SERVICE - SERIES 2005A	$34,190	---	---	$34,190	
DUE TO DEBT SERVICE - SERIES 2006	$27,792	---	---	$27,792	
DUE TO CAPITAL RESERVE FUND	$75,000	---	---	$75,000	
DUE TO OTHER	---	$5,780	---	$5,780	

TOTAL LIABILITIES	 	$168,966 	$5,780 	$1,314 	$176,060 

FUND BALANCES:

PREPAID EXPENSES	$6,253	---	---	$6,253	
DEPOSITS - TECO	$24,463	---	---	$24,463	
DS-SERIES 2005A	---	$362,511	---	$362,511	
DS-SERIES 2006A	---	$153,874	---	$153,874	
CAPITAL PROJECTS	---	---	$351,088	$351,088	
ASSIGNED FOR GENERAL FUND	$170,344			$170,344	
UNASSIGNED FOR GENERAL FUND	($2,452)	---	---	($2,452)	

NONSPENDABLES:

RESTRICTED FOR:

TOTAL FUND BALANCES	 	$198,608 	$516,385 	$351,088 	$1,066,081 
TOTAL LIABILITIES & FUND BALANCES	 	$367,574	$522,165	$352,402	$1,242,141

Page 1

 DESCRIPTION	

REVENUES:

SPECIAL ASSESSMENTS - TAX COLLECTOR	ADOPTED
    BUDGET 

$1,445,344		PRORATED BUDGET
     THRU 11/30/20	

$298,810		ACTUAL
 THRU 11/30/20 

$298,810		  VARIANCE 

$0	
INTEREST EARNED	$1,500		$250		$11		($239)	
RENTAL FEES	$5,200		$867		$0		($867)	
MISCELLANEOUS INCOME	$0		$0		$7		$7	
TOTAL REVENUES	  $1,452,044 		 	$299,926 		 	$298,828 		 	($1,098) 	
EXPENDITURES:								
ADMINISTRATIVE:								
ARBITRAGE	$1,200		$200		$0		$200	
ANNUAL AUDIT	$4,900		$817		$0		$817	
COMPUTER TIME	$1,000		$167		$167		$0	
DISSEMINATION	$6,500		$1,083		$1,000		$83	
DUES, LICENSES, SUBSCRIPTIONS	$175		$29		$175		($146)	
INSURANCE	$11,182		$11,182		$12,730		($1,548)	
LEGAL ADVERTISING	$1,500		$250		$0		$250	
MANAGEMENT	$60,000		$10,000		$10,000		$0	
OFFICE SUPPLIES	$250		$42		$21		$20	
OTHER CURRENT CHARGES	$2,700		$450		$444		$6	
GOLF COURSE STUDY	$0		$0		$0		$0	
POSTAGE	$2,000		$333		$540		($207)	
PRINTING & BINDING	$1,000		$167		$271		($104)	
TELEPHONE	$50		$8		$0		$8	
TRUSTEE FEES	$13,963		$2,327		$0		$2,327	
TOTAL ADMINISTRATIVE	     $106,420 		 	$27,055 		 	$25,348 		 	$1,707 	

Page 2

 DESCRIPTION	

FIELD:	ADOPTED
    BUDGET 		PRORATED BUDGET
     THRU 11/30/20			ACTUAL
 THRU 11/30/20 		  VARIANCE 	
ATTORNEY	$40,000		$6,667		$13,510		($6,843)	
BUILDING CONTRACT SERVICES	$43,920		$7,320		$5,652		$1,668	
BUILDING GROUNDS MAINTENANCE & SUPPLIES	$40,000		$6,667		$3,073		$3,593	
CONTINGENCY	$0		$0		$395		($395)	
ENGINEERRING	$15,000		$2,500		$9,840		($7,340)	
HFC SPECIAL EVENTS	$5,000		$833		$776		$58	
LANDSCAPE CONTRACT SERVICES	$179,604		$29,934		$36,215		($6,281)	
IRRIGATION MAINTENANCE	$2,000		$333		$0		$333	
LAKE MAINTENANCE	$35,560		$5,927		$2,730		$3,197	
OFFICE SUPPLIES/PRINTING/BINDING	$13,000		$2,167		$1,675		$492	
PERMITS/INSPECTIONS	$1,500		$250		$275		($25)	
PERSONNEL EXPENSES	$245,950		$40,992		$39,627		$1,365	
PROPERTY INSURANCE	$21,854		$21,854		$24,443		($2,589)	
SECURITY CONTRACT SERVICES	$200,170		$33,362		$30,955		$2,406	
UTILITIES	$215,000		$35,833		$30,473		$5,360	
TOTAL FIELD	  $1,058,558 		 	$194,638 		 	$199,638 		 	($5,000) 	
TOTAL PROJECT:								
FIRST QUARTER OPERATING RESERVES	$265,271		$44,212		$0		$44,212	
TOTAL PROJECT	 $265,271 		 	$44,212 		 	$0 		     $44,212 	
TOTAL EXPENDITURES	 $1,430,249 		 	$265,905 		 	$224,986 		     $40,918 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	$21,795 		
 	$34,022 		
 	$73,842 		
     $39,820 	
OTHER FINANCIANG SOURCES/(USES):								
INTERFUND TRANSFER IN/(OUT)-CAPITAL RESERVE	($192,139)		($32,023)		$0		$32,023	
TOTAL OTHER FINANCING SOURCES/(USES)	   ($192,139) 		 	($32,023) 		 	$0 		     $32,023 	
NET CHANGE IN FUND BALANCE	($170,344)		$1,998		$73,842		$71,843	
FUND BALANCE - Beginning	$170,344				$124,767			
FUND BALANCE - Ending	 	$0 				$198,608			

Page 3

	ADOPTED BUDGET	OCT	NOV	DEC		JAN		FEB		MAR		APR		MAY		JUN		JUL		AUG		SEPT		TOTAL	
REVENUES:																									
SPECIAL ASSESSMENTS	$1,445,344	$0	$161,217		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$161,217	
INTEREST EARNED	$1,500	$11	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$11	
RENTAL FEES	$5,200	$0	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$0	
MISCELLANEOUS INCOME	$0	$7	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$7	
CARRY FORWARD SURPLUS	$170,344	$0	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$0	
TOTAL REVENUES	$1,622,388	$18	$161,217		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$161,235	

EXPENDITURES:																									
ADMINISTRATIVE
ARBITRAGE	

$1,200	
$0	
$0		
$0		
$0		
$0		
$0		
$0		
$0		
$0		
$0		
$0		
$0	
$0	
ANNUAL AUDIT	$4,900	$0	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$0	
COMPUTER TIME	$1,000	$83	$83		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$167	
DISSEMINATION	$6,500	$500	$500		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$1,000	
DUES, LICENSES AND SUBSCRIPTIONS	$175	$175	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$175	
INSURANCE	$11,182	$12,730	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$12,730	
LEGAL ADVERTISING	$1,500	$0	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$0	
MANAGEMENT FEES	$60,000	$5,000	$5,000		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$10,000	
OFFICE SUPPLIES	$250	$0	$21		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$21	
OTHER CURRENT CHARGES	$2,700	$233	$211		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$444	
POSTAGE	$2,000	$468	$73		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$540	
PRINTING AND BINDING	$1,000	$269	$3		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$271	
TELEPHONE	$50	$0	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$0	
TRUSTEE FEES	$13,963	$0	$0		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$0	
TOTAL ADM. EXPENDITURES	$106,420	$19,458	$5,890		$0		$0		$0		$0		$0		$0		$0		$0		$0		$0	$25,348	

FIELD:																									

ATTORNEY	310.513.31500	$40,000	$13,510	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$13,510	
BUILDING CONTRACT SERVICES	$43,920
SECURITY SERVICES	320.572.34510				$364			$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0 CLEANING SERVICES	320.572.46010			$2,360	$2,360	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0 POOL MAINTENANCE	320.572.46400	 				$0		$567	$0                              $0                              $0                              $0                              $0                              $0                              $0                              $0                              $0                       $0
TOTAL BUILDING CONTRACT SERVICES	$43,920	$2,724	$2,927	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
$364
$4,720
$567	
	$5,652	
BUILDING /GROUNDS MAINTENANCE & SUPPLIES
BUILDING MAINTENANCE/SUPPLIES	320.572.46020
GROUNDS MAINTENANCE/SUPPLIES	320.572.46030
PEST CONTROL	320.572.34800
TOTAL BUILDING /GROUNDS MAINTENANCE & SUPPLIES	$40,000
$1,011	$359	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,371
$1,496	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,496
$207	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$207	
	$40,000	$2,714	$359	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$3,073	
CONTINGENCY	320.572.49000	$0	$395	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$395	
ENGINEERING	310.513.31100	$15,000	$9,840	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$9,840	
HFC SPECIAL EVENTS	320.572.49400	$5,000	$776	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$776	

Page 4

ADOPTED BUDGET	OCT	NOV	DEC		JAN		FEB		MAR		APR		MAY		JUN		JUL		AUG		SEPT		TOTAL	
LANDSCAPE CONTRACT SERVICES		$179,604	$14,968	$21,247	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$36,215	
IRRIGATION MAINTENANCE	320.572.46210	$2,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
LAKE MAINTENANCE	320.572.46500	$35,560	$2,730	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,730	
OFFICE SUPPLIES/PRINTING/BINDING	320.572.51000	$13,000	$1,375	$300	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,675	
PERMITS/INSPECTIONS	320.572.49300	$1,500	$0	$275	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$275	
PERSONNEL EXPENSES
EXERCISE INSTRUCTORS FICA EXPENSE
HEALTH INSURANCE SALARIES
PERSONNEL EXPENSES	
320.572.34100
320.572.21000
320.572.23000
320.572.12000	$245,950

$245,950	
$3,948
$1,132
$471
$14,793
$20,343	
$2,992
$1,122
$500
$14,670
$19,284	
$0
$0
$0
$0
$0	
$0
$0
$0
$0
$0	
$0
$0
$0
$0
$0	
$0
$0
$0
$0
$0	
$0
$0
$0
$0
$0	
$0
$0
$0
$0
$0	
$0
$0
$0
$0
$0	
$0
$0
$0
$0
$0	
$0
$0
$0
$0
$0	
$0
$0
$0
$0
$0	
$6,939
$2,254
$971
$29,463
$39,627	
PROPERTY INSURANCE	320.572.45000	$21,854	$24,443	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$24,443	
SECURITY CONTRACT SERVICES		$200,170														
GATE ATTENDANTS	320.572.34500		$15,106	$15,376	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$30,482	
OFF DUTY SECURITY-EVENTS	320.572.34501		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
VIDEO SECURITY-ADT	320.572.34520		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
SECURITY EXTRAS	320.572.34530		$290	$183	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$473	
TOTAL SECURITY CONTRACT SERVICES	$200,170	$15,396	$15,559	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$30,955	
UTILITIES		$215,000														
ELECTRIC	320.572.43000		$10,441	$10,395	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$20,835.93	
REFUSE	320.572.34900		$0	$195	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$195.30	
WATER	320.572.43200		$1,786	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,785.78	
TELEPHONE	320.572.41000		$277	$1,679	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,956.18	
GAS/PROPANE	320.572.43100		$3,565	$2,135	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,699.68	
MAINTENANCE	320.572.46000		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0.00	
TOTAL UTILITIES		$215,000	$16,069	$14,404	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$30,473	

TOTAL FIELD EXPENDITURES	$878,954	$110,315	$53,108	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$199,638	

FIRST QUARTER OPERATING RESERVES	
$265,271	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
OTHER SOURCES/(USES)

INTERFUND TRANSFER IN/(OUT)	

($192,139)	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	
TOTAL OTHER SOURCES/(USES)	($192,139)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	

TOTAL EXPENDITURES	
$1,442,784	
$129,773	
$58,998	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$224,986	
EXCESS/REVENUES(EXPENDITURES	$179,604	($129,755)	$102,219	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	($63,751)	

Page 5

LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT
CAPITAL PROJECTS
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE PERIOD ENDED NOVEMBER 30, 2020

 DESCRIPTION	

REVENUES:		ADOPTED
 	BUDGET			PRORATED BUDGET
 	THRU 11/30/20			ACTUAL
 	THRU 11/30/20			 	VARIANCE		
CAPITAL RESERVE - TRANSFER IN		$192,139		$32,023		$0		($32,023)	
INTEREST EARNED		$1,000		$167		$128		($39)	
TOTAL REVENUES		 	$193,139 		 	$32,190 		 	$128 		 	($32,062) 	
EXPENDITURES:									
BANK CHARGES	$600	$100	$81	$19	

CAPITAL PROJECTS - FY19
ANNUAL EXPENSES:									
PUBLIC WORKS-BRIDGES/PATHWAYS (ROADWAYS) (1)	$32,000	$5,333	$1,314	$4,019	
EQUIPMENT-ATHLETIC	$18,500	$3,083	$806	$2,278	
LANDSCAPE REPLACEMENT	$15,000	$2,500	$0	$2,500	
OTHER CAPITAL PROJECT EXPENSES	$30,000	$5,000	$0	$5,000	
SPECIFIC PROJECTS:					
FITNESS FLOOR	$15,000	$2,500	$0	$2,500	
ICE MACHINE	$10,000	$1,667	$0	$1,667	
POOL/SPA REPAIRS	$5,000	$5,000	$0	$5,000	
RACQUETBALL FLOOR	$14,500	$2,417	$0	$2,417	
SPLIT SYSTEM (AIR HANDLER)	$120,000	$20,000	$0	$20,000	
SPORTS FLOOR	$14,500	$2,417	$0	$2,417	
WATER HEATER	$2,000	$333	$0	$333	
PROMISSORY NOTE PAYMENT	$147,877	$24,646	$0	$24,646	
TOTAL EXPENDITURES	 	$424,977 		 	$74,996 		 	$2,201 		 	$72,795 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	($231,838) 		
 	($42,806) 		
 	($2,073) 		
 	$40,733 	
OTHER FINANCIANG SOURCES/(USES):								
INTERGOVERNMENTAL TRANSFER FROM LA1	$115,000		$19,167		$0		$0	
TOTAL OTHER FINANCIANG SOURCES/(USES)	 	$115,000 		 	$19,167 		 	$0 		 	$0 	
NET CHANGE IN FUND BALANCE	($116,838)		($23,640)		($2,073)		$40,733	
FUND BALANCE - Beginning	$350,165				$353,132			
FUND BALANCE - Ending	 	$233,327 				$351,059			

(1) Road repairs not used during the current fiscal year will be set aside in an investment account to use for future road repairs.

Page 6

 DESCRIPTION	

REVENUES:	ADOPTED
   BUDGET 		PRORATED BUDGET
 	THRU 11/30/20			ACTUAL
 THRU 11/30/20 		  VARIANCE 	
SPECIAL ASSESSMENTS - ON ROLL	$394,800		$69,987		$69,987		$0	
INTEREST EARNED	$6,000		$1,000		$9		($991)	
TOTAL REVENUES	  $400,800 		 	$70,987 		 	$69,997 		 	($991) 	
EXPENDITURES:								
SERIES 2005A:
INTEREST - 11/1	
$109,381		
$109,381		
$109,381		
$0	
INTEREST - 5/1	$109,381		$0		$0		$0	
PRINCIPAL - 5/1	$165,000		$0		$0		$0	
SPECIAL CALL - 11/1	$35,000		$35,000		$155,000		($120,000)	
TOTAL EXPENDITURES	  $418,763 		 	$144,381 		 	$264,381 		  ($120,000) 	
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES	
   ($17,963) 		
 	($73,394) 		
 	($194,385) 		
  ($120,991) 	
NET CHANGE IN FUND BALANCE	($17,963)		($73,394)		($194,385)		($120,991)	
								
FUND BALANCE - Beginning	$159,026				$556,895			
FUND BALANCE - Ending	  $141,064 				 	$362,511 			

Page 7

DEBT SERVICE FUND - SERIES 2006A
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE PERIOD ENDED NOVEMBER 30, 2020

 DESCRIPTION	

REVENUES:		ADOPTED
   BUDGET 		PRORATED BUDGET
 	THRU 11/30/20			ACTUAL
 THRU 11/30/20 		 VARIANCE 	
ASSESSMENTS - ON ROLL		$310,388		$57,848		$57,848		$0	
ASSESSMENTS - PPMTS		$0		$0		$12,900		$12,900	
INTEREST INCOME		$0		$0		$2		$2	
TOTAL REVENUES		  $310,388 		 	$57,848 		 	$70,750 		    $12,902 	
EXPENDITURES:									
SERIES 2006A:
INTEREST - 11/1		
$94,208		
$0		
$94,208		
($94,208)	
INTEREST - 5/1		$94,208		$0		$0		$0	
PRINCIPAL - 5/1		$120,000		$0		$0		$0	
SPECIAL CALL - 11/1		$0		$0		$25,000		($25,000)	
TOTAL EXPENDITURES	 $308,415 		 	$0 		 	$119,208 		 ($119,208) 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	$1,973 		
 	$57,848 		
 	($48,457) 		
 ($106,306) 	
NET CHANGE IN FUND BALANCE	$1,973		$57,848		($48,457)		($106,306)	
								
FUND BALANCE - Beginning	$104,687				$202,331			
FUND BALANCE - Ending	  $106,659 				 	$153,874 			
Maximum Annual Debt Service								

Page 8

Long Term Debt Report FY 2021

Series 2005A, Capital Improvement Revenue Bonds	
Interest Rate:	5.375%		
Maturity Date:	5/1/36	$4,070,000.00	
Bonds outstanding - 9/30/2020		$4,070,000.00	
	November 1, 2020 (Special Call)	($155,000.00)	
	May 1, 2021 (Mandatory)	$0.00	
Current Bonds Outstanding		$3,915,000.00	

Series 2006A, Capital Improvement Revenue Bonds	

Interest Rate:	
5.300%		
Maturity Date:	5/1/38	$3,555,000.00	
Bonds outstanding - 9/30/2020		$3,555,000.00	
	November 1, 2020 (Special Call)	($25,000.00)	
	May 1, 2021 (Mandatory)	$0.00	
Current Bonds Outstanding		$3,530,000.00	

Total Current Bonds Outstanding	$7,445,000.00	

Page 9

CAPITAL PROJECTS - SERIES 2006
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE PERIOD ENDED NOVEMBER 30, 2020

 DESCRIPTION	

REVENUES:

INTEREST EARNED		ADOPTED
  BUDGET 

$0		PRORATED BUDGET
 	THRU 11/30/20	

$0		ACTUAL
 THRU 11/30/20 

$0		 VARIANCE 

$0	
TOTAL REVENUES		 	$0 		 	$0 		 	$0 		 	$0 	
EXPENDITURES:									
CAPITAL OUTLAY		$0		$0		$0		$0	
TOTAL EXPENDITURES	 	$0 		 	$0 		 	$0 		 	$0 	
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES	 	$0 		
 	$0 		
 	$0 		
 	$0 	
NET CHANGE IN FUND BALANCE	$0		$0		$0		$0	
								
FUND BALANCE - Beginning	$0				$29			
FUND BALANCE - Ending	 	$0 				 	$29 			

Page 10