Stoneybrook South Community Development District

Agenda April 3, 2023

AGENDA

Stoneybrook South
Community Development District
219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524- Fax: 407-839-1526

March 27, 2023

Board of Supervisors Stoneybrook South
Community Development District Dear Board Members:
The meeting of the Board of Supervisors of the Stoneybrook South Community Development District will be held Monday, April 3, 2023 at 10:00 a.m. at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, FL 33896.

Call-in Information for Members of Public:

Dial-in Number: (267) 930-4000
Participate Code: 876-571

Following is the advance agenda for the regular meeting:

Roll Call
Public Comment Period
Business Administration
A Approval of Minutes of the February 6, 2023 Meeting
B. Consideration of Check Register
C. Balance Sheet and Income Statement
Business Items
A Consideration of Resolution 2023-05 Approving the Proposed Fiscal Year 2024 Budget and Setting a Public Hearing
Consideration  of  Water Management Agreement with The Lake Doctors, Inc.
Staff Reports
A District Counsel
District Engineer
District Manager
Field Manager
Supervisor's Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.

Sincerely,

George S. Flint District Manager

Cc:	Vivek Babbar, District Counsel David Reid, District Engineer Alan Scheerer, Field Manager

Enclosures

SE-CTION 111

SECTION A

MINUTES OF MEETING STONEYBROOKSOUTH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Stoneybrook South Community Development District was held Monday, February 6, 2023 at 10:00 a.m. at Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, Florida.

Present and constituting a quorum were:

Bason Nembirkow Robert Dicocco Chris Manjourides Terry Siron Ronald Phillips
Also present were: George Flint
Vivek Babbar by phone
Amanda Udstad Alan Scheerer
Dylan Schwartz by phone
Steve Sanford by phone

FIRST ORDER OF BUSINESS

Chairman
Vice Chairman Assistant Secretary Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Field Manager FMSBonds
Bond Counsel

Roll Call

Mr. Flint called the meeting to order. We have all five members of the Board here and we have a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Next is public comment period. We just have the Board members and staff here and some staff on the telephone. Any members of the public? We have Dylan, Steve, and Vivek by phone.

February 6, 2023	Stoneybrook South CDD

THIRD ORDER OF BUSINESS	Financing Matters
Consideration of Placement Agent Agreement and G-17 Disclosure with FMSBonds,
Inc.
Mr. Flint: This is really a ratification. FMSBonds is your Underwriter and has been the Underwriter for the District's prior bonds. They are the ones that worked on the refinancing of the Series 2013 bonds. There is an agreement and certain disclosures that are made under the record under the MSRB rules and those are contained in that agreement. Are there any questions on the placement agent agreements? Is there a motion to approve it?

On MOTION by Mr. DiCocco, seconded by Mr. Phillips, with all in favor, the Placement Agent Agreement and G-17 Disclosure with FMSBonds, Inc., was approved.

Consideration of Final Third Supplemental Assessment Methodology Report for Special Assessment Refunding Bonds, Series 2013
Mr. Flint: This report was prepared and reflects the actual pricing of the bonds if you go to Table 1 you will see that is page 18 of the PDF. You will see that there is 870 units compromised of apartments, condos and single family 50 and 60' lots that are subject to this debt. Table 2 is the bond sizing. As a result of the financing and you can see that we achieved 4.95% coupon rate and Dylan Schwartz with FMSBonds is on the phone. Dylan, I have handed out the summary page that you provided showing the savings. Do you just want to go over that briefly for the Board?
Mr. Schwartz: Sure. Hey everyone, thanks again for the opportunity to work with you guys on this transaction. As you can see, this is just a general summary of the annual debt service requirement for the new bonds in comparison to the refunded 2013 bonds. The par amount of bonds has gone down. There were you know previously up to approximately $7.465 million of bonds which a portion of which are going to mature on May 1st but the outstanding amount of the new bonds is going to be $6,394,000. The reason for the decrease is basically there was a significant reserve fund sitting as collateral for the bonds which would have sat there through maturity and we were able to use that to pay for a portion of the cost and then also pay down a portion of the debt on the old bonds and the remainder is what we see today for very new bonds at the new 4.95% interest rate. That led to about $145,000 to $146,000 per year of savings which is just over 20% annually in debt service savings for the District. Everybody's proportion, whatever you are paying now, your debt service payments each year will decrease by that same 20% regardless of what product type of home you live in.

February 6, 2023	Stoneybrook South CDD

Mr. Flint: If you go to table 4, you will see that on the far-right column the change in the net assessments for example for a 60 ft' lot it would go down by $313.87 a year, a 50' lot $292.23, the condos $205 and the apartments $31, so there are significant annual savings for the owners of those units. That is reflected on the annual tax bill. That will show up in the November 2023 tax bill. Any questions for Dylan or me on the methodology?
Mr. Flint: Is there a motion to approve the final third supplemental assessment methodology?

On MOTION by Mr. Nembirkow, seconded by Mr. Siron, with all in favor, the Final Third Supplemental Assessment Methodology Report for Special Assessment Refunding Bonds, Series 2023, was aooroved.

Consideration of Resolution 2023-04 Authorizing the Issuance of Special Assessment Refunding Bonds, Series 2023
Mr. Flint: We plan on preclosing right after this meeting. Buzz is going to sign the documents and the closing is actually on the 81h,the day after tomorrow. Steve or Vivek, who is handling this resolution?
Mr. Sanford: I will handle it. Good morning everyone, this is Steve Sanford at Greenberg Traurig serving as the District's Bond Counsel. Resolution 2023-04 is what we call an award resolution. We now know the terms of the bonds, the interest rate, and somewhere officially awarding the bonds at SouthState Bank who is your lender in this transaction. We are asking the Board to award those bonds to SouthState and approve certain documents in connection with the sale of the bonds. I will quickly go through what they are. There are three documents, one is the trust indenture and that is between the District and US Bank, the company serving as your bond trustee. That document basically has the redemption provisions, the amortization of the bonds, and the rights and remedies of the bond holder which in this case, there is only one. The next document and I am not sure about the bond placement agreement, I think it was already approved but the bond placement agreement is between a District and the SouthState Bank as the purchaser and that basically spells out their obligation to purchase the bonds in the principal amount of $6,394,000. Lastly, which is probably the most important document is the escrow deposit agreement. The 2013 bonds are not subject to redemption before May 1 of this year so what we do is we issue the bonds on the 8th and we take a portion of those monies from the sale of the bonds together with the reserve that Dylan mentioned and we put that money in escrow and then invest in US obligations. On the

February 6, 2023	Stoneybrook South CDD

basis of doing that, we can conclude that even though the bonds are technically outstanding, they have really been paid off on the date that we issued the bonds and then come May 1, those 2013 bonds would be redeemed with that pot of money that we put in the escrow. That agreement is between the District and US Bank serving as your escrow agent. Basically, that is it. If you have any questions, I will be glad to answer otherwise I am looking for a motion to adopt 2023-04.
Mr. Flint: Any questions on the resolution? Is there a motion to approve it?
Mr. Phillips: Just a question George, there is nothing printed in the exhibits A, B, or C, was there supposed to be?
Mr. Flint: They are here, I am happy to provide them. They are available and I have got a hard copy here if you would like to review. They are standard documents. We will get some documents signed after the meeting by Buzz and then will be closing again on the 8th.
Mr. Schwartz: If there are any questions by anybody signing documents, just give me a buzz back.
Mr. Flint: Sure will, thanks Dylan.
Mr. Schwartz: Thanks George. Thanks everyone.

On MOTION by Mr. DiCocco, seconded by Mr. Siron, with all in favor, Resolution 2023-04 Authorizing the Issuance of Special Assessment Refunding Bonds, Series 2023, was approved.

FOURTH ORDER OF BUSINESS	Business Administration
Approval of Minutes of the December 5, 2022 Meeting
Mr. Flint: We have approval of the minutes from December 5, 2022 meeting. Did the Board have any comments or corrections on those minutes?

On MOTION by Mr. Siron, seconded by Mr. Nembirkow, with all in favor, the Minutes of the December 5, 2022 Meeting, were approved as presented.

Consideration of Check Register
Mr. Flint: We also provided you the check register from November 28, 2022 through January 30, 2023 for the general fund and the Board payroll, those total $1,666,760.24 and the detailed register is behind the summary. A lot of those checks you will see are to Stoneybrook CDD care of US Bank and that is debt assessment revenue. We receive one check from the county for the assessments which includes O&M and then we have to write a check to the trustee

February 6, 2023	Stoneybrook South CDD

transferring that money to the trustee. It is not really an expense but it is a check we wrote and moving that money to the trustee is what makes that number so large. Each one of those checks are indicated there in the register if you have any questions. Any questions on the check register? If not, is there a motion to approve it?
Mr. DiCocco: I have a question off subject. To end 2022, were all outstanding contract debt resolved before we ended the year or does it carryover some into 2023 and then gets filled to 2022? Is there a final financial for 2022 squared up?
Mr. Flint: The audit has not been completed yet. We are working on the audit statutorily and it needs to be completed by June 30th. We have September 30th financial statements that would reflect the end of last year but they are subject to audit adjustments which there should not be significant adjustments. Any funds that are not spent are rolled over into the balance of the next year. I do not know that we had any major capital expenses that we would need to recognize being carried over. The fountains were really the only thing.
Mr. Scheerer: Last year, I think we did the last couple of fountains.
Mr. DiCocco: I was just curious how we ended the year financially balanced.
Mr. Flint: We will have the audit on the agenda for you all to review hopefully by the next meeting. We will see, I am not sure where we are at in completing that. We have a little bit of time to finish that audit. We can have that discussion later.

On MOTION by Mr. Phillips, seconded by Mr. Siron, with all in favor, the Check Register from November 28, 2022 to January 30, 2023, was approved.

Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financials through October 31, 2022.

FIFTH ORDER OF BUSINESS	Business Items
Consideration of Data Sharing and Usage Agreement with Osceola County Property Appraiser
Mr. Flint: In order to use the tax bill as the collection method for our assessments, the statues require us to enter into agreement with the Property Appraiser and Tax Collector. This is one of the agreements the property appraiser requires. It is a standard agreement that you all have approved in the past and really it just has to do with protection of confidential information. So, this agreement says that to the extent any information the Property Appraiser provides us is

February 6, 2023	Stoneybrook South CDD

confidential and we will continue to keep that confidential. Some individuals under the statutes can request that their information be held confidential, for example law enforcement officers, firefighters. There are certain instances where an individual can make that request so that information ends up being confidential on the tax roll information. It just says that we do not disclose that. As a practical matter, they do not tend to send that to us anyway and those categories tend to be blank. But if they did, we would not disclose it. Any questions on the agreement?

On MOTION by Mr. Nembirkow, seconded by Mr. Siron, with all in favor, the Data Sharing and Usage Agreement with Osceola Coun  Pro e  A  raiser, was a  roved.

SIXTH ORDER OF BUSINESS	Staff Reports
District Counsel
Mr. Flint: Vivek, any updates for the Board?
Mr. Babbar: Not much since the last Board meeting. One thing I will do is work on a lien of record that provides notice of the refunding bonds once they have been closed. I will need Buzz's signature on that and I will get that recorded in the public records because there is already an existing notice in the public records. That way anytime any resident is purchasing property in the District, it will show up on their title work so there are no surprises. Other than that, I have reviewed everything with the prospective bond closings and the bond docs and nothing else to report. I am happy to answer any questions if there are any for me.
Mr. Flint: Any questions for Vivek?

District Engineer
Mr. Flint: Amanda is here. Any updates for the Board? Ms. Udstad: No.

District Manager
Mr. Flint: The master homeowner's association is in the process of transitioning to resident control. There is a transition committee and they are looking at ownership and responsibilities between the CDD and the HOA's. We have received some inquiries about that. We are working on those issues. This project has been developed over a 10-year period. There are two different CDD's that are involved and there is at least three HOA's. It is complex and God knows how many different Lennar project managers there have been. We are looking at consistency of ownership.

February 6, 2023	Stoneybrook South COD

At one entrance, the medians are owned and maintained by the CDD, another one it may indicate that its master association. Over time, there has been some of that so we are working through that process to try to come up with what makes the most sense and what is acceptable to the parties but just to let you know we may have some clean up things coming in front of the Board in the future. We will set a meeting with Lennar next week to go over some of those issues. I have been talking with one of the transition members, emailing with them. I do not think it is anything major. It is just questions like Oasis Club Blvd. For example, when Oasis Club Blvd was planted all of the landscape tracts associated with the roadway were set up as separate tracts and conveyed to the CDD. The roadway itself was association because it is a private road and they wanted to keep it gated private. We maintain the landscaping along Oasis Club Blvd but then when you go north of Bella Citta and you look at Whistling Straits and some of the roads over there which some would argue might be comparable to Oasis Club. They are not set up that way. The roadway and all of the landscaped areas are all in one tract which is typically the case. You know, we may have a situation where we are maintaining the landscaping along Oasis Club Blvd but we are not doing it for roads on Whistling Straits or Ocean Courts.
Mr. Manjourides: Who is doing that over North of Bella Citta?
Mr. Flint: Well, I think we had been doing it. Mr. Scheerer: We are doing it currently.
Mr. Flint: We are under the impression that was our reasonability but when you look at the actual ownership of the road, it is Master Association along with the landscape tracks.
Mr. DiCocco: That could be significant with the dues to the master. Ifwe have been taking the burden then there would be no consequence because the CDD and the assessment on the taxes takes care of it. But if it is HOA, then it is going to come back to the homeowners.
Mr. Flint: I think it is all of the same people paying both. It is just an adjustment of two budgets and hopefully it is a net zero impact. Technically, we should not be maintaining private property and technically those roadway landscape tracks because they are HOA, they are private property and not CDD owned. That is the type of stuff. It does not help when some of the HOA's are going off on their own and bidding out landscaping. We tried to suggest that we do it altogether. They are probably not including Whistling Straits in their bid and we are probably not going to include it because we do not own it and we shouldn't be maintaining it. We are going to get our act together on our side and talk about what makes most sense and then probably there is going to

February 6, 2023	Stoneybrook South CDD

end up needing to be some meetings to work through it. We will have to deal with the timing issue and adoption of budgets to make sure nothing drops off and that if one budget is increasing and one is decreasing that we are timing it correctly. We do not want one budget to anticipate Whistling Straits and the other one increase to anticipate Whistling Straits. So that is going on behind the scenes.

Field Manager
Mr. Flint: Field manager, Alan.
Mr. Scheerer: Thank you. In your agenda packet is a copy of the field manager report. You will see a lot of it is pretty redundant. The architectural fountain is in good shape. We are watching irrigation inspections. The big month to month problem seems to be one or two of the entry monuments that have lighting issues. Bella Citta we repaired two months ago. Came out and now the letter Champ as far as ChampionsGate out on one side and then over here, I did not include a picture, I apologize but on the Oasis Club West Side Blvd, there is power to every letter but some of the LED strips are out so you may have part of an A or part of a C. Terry's Electric is who we are working with. They have ordered all of the new LED strips and we will get those resolved as quickly as possible. All of your fountains are working and they look good. Dry ponds have been disked. As you leave the community onto Bella Citta there is a dead Canary palm. We are getting ready to remove that. We will get some numbers to see if anybody is interested in replacing them but those Canary's are typically a $10,000 tree.
Mr. DiCocco: Why don't we just put a Washingtonia or whatever in there?
Mr. Scheerer: We will have to do something different just because of the fusarium mold which is what has affected a lot of the palm trees. There are ribbon palms and sabals that are pretty good. I think we did the sabal palms on Double Eagle heading out towards 27 or Palmetto Dunes whatever they refer to it. We will get some numbers on that. We will see if it fits within the budget.
Mr. Phillips: Check out a mule palm. They are not susceptible to that disease.
Mr. Scheerer: We will definitely take a look at it sir. We will bring back some examples for you all and see what you want to do with that. A couple of things that didn't make the list. I know somebody told me about the grate that was off the drain box. That has been put back on.
Mr. Phillips: No.
Mr. Scheerer: Yeah.
Mr. Phillips: Unless they did it yesterday.

February 6, 2023	Stoneybrook South CDD

Mr. Scheerer: It was on this morning; I was just there. I have got some ideas but I am going to leave those off. I think I know what is going on there but anyway, the grate is on. I double checked it again this morning because I knew I was going to see you, so it is on. We got it on. It only took three of us to pull that thing on.
Mr. Phillips: I was going to say I tried to put it up and I couldn't budge it.
Mr. Scheerer: No. Anyway, I did notice over by the plaza entrance there is what looks like queen palm that is starting to fade. We are going to take a look at that one. I noticed that this morning. We did get mulch installed here. They are here working on palm tree trimming this week. I think they are starting over in the condo area but they will be doing all of the community here throughout the course of probably the next month or so. I saw the trucks here again this morning. New annuals were installed. I am looking at some long-term things here. We have this ugly juniper plant that it is a lot of our ground cover at all of the entrances. It is time for it to go so I am working with the landscaper right now to come up with a nice change. They are going to put some numbers together for me on that. We are also going to look at the viburnum that goes around the palm trees coming in off Palmetto Dunes from 27. Those are starting to get pretty ripe as well. They are old. They have been in there a while. It is time to start looking at that. Whatever we don't do this year, obviously we can use that and add that to the budget for 2024 as George alluded to in a few months will be doing some budget work. We will keep plugging away at all of the entry monuments and make sure it is good. We did come through last week and had my contractor come through. We had some hit and miss lumens in there like a 40-watt to 60-watt bulb so he came through. I asked him to change them out and make sure they are all the same wattage and use LED bulbs where we could.
Mr. Phillips: Did you look at the monument on Mickelson?
Mr. Scheerer: I should have done them all. I have been here, he just did them.
Mr. Phillips: I did not look in the last week or so but the one on Mickelson was out.
Mr. Scheerer: He was to do Mickelson, and all of them. All of the ones inside along Oasis Club and everything back on your all's neck of the woods.
Mr. Siron: What is that palm called that is dead? Mr. Scheerer: Canary?
Mr. Siron: Is that a Canary? They are far and few between. Mr. Scheerer: They are beautiful palms.

February 6, 2023	Stoneybrook South CDD

Mr. Flint: Canaries and Medjools are very expensive. Mr. Scheerer: That is all I have.
Mr. Phillips: What about the wall on 13th?
Mr. Scheerer: We haven't forgot about you. My pressure washer guy is wrapping up some things next door and as soon as he is done, we will have him come and do what we do once or possibly twice a year on 13. We will get you squared away.
Mr. Flint: Any other questions for Alan?

SEVENTH ORDER OF BUSINESS	Supervisor's Requests
Mr. Flint: Anything else that was not on the agenda that the Board wants to discuss? Mr. Phillips: I have a question. Why are there no 80 ft lots on this?
Mr. Flint: There is a 2014 bond series. Mr. Phillips: Oh, there is?
Mr. Flint: There is a 2013 and 2014. There is a 10 year no call provision on those so we are able to refinance the 13' s and next year we will look at the 14' s. This does not cover everything, just 800 or so units. There is another bond issue that based on the market we will be talking about next year.

EIGHTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Nembirkow, seconded by Mr. Siron, with all in favor, the meeting was adjourned at 10:29 a.m.

SecretaryIAssistant Secretary	ChairmanNice Chairman

SECTION B

Stoneybrook South
Community Development District

Summary of Checks

January 31, 2023 to March 27, 2023

	Bank	Date	Check#	Amount		

General Fund	

2/2/23	

742-746	

$	445,168.32		
		2/9/23	747-750	$	58,010.23		
		2/16/23	751-752	$	26,513.00		
		2/23/23	753-754	$	2,775.00		
		3/2/23	755	$	240.00		
		3/9/23	756-757	$	5,182.72		
		3/16/23	758-761	$	49,485.34		
		3/23/23	762	$	679.75		
				$	588,054.36		
	Payroll Fund	February 2023				
		Basan Nembirkow	50075	$	184.70		
		Chris Manjourides	50076	$	184.70		
		Robert Dicocco	50077	$	184.70		
		Terry Siron	50078	$	109.70		
		Ronald Phillips	50079	$	554.10		
				$	1,217.90		
				$	ssg,212.26	
1	

*Includes payment for October & December 2022 Meetings

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 3/27/23
*** CHECK DATES 01/31/2023 - 03/27/2023 ***	GENERAL FUND
BANK A GENERAL FUND

PAGE	1

CHECK VEND# .....INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

2/02/23 00020

2/02/23 00032

2/02/23 00032

2/02/23 00051

2/02/23 00051

2/09/23 00001

2/09/23 00012

2/09/23 00032

2/09/23 00032

1/25/23 29167A	202301 320-53800-47100 FOUNTAIN CLEAN ROUNDABOUT
FOUNTAIN DESIGN GROUP, INC.
2/01/23 02012023 202302 300-20700-10000
FY23 DEBT SRVC SER2013
STONEYBROOK SOUTH CDD C/0 USBANK
2/01/23 02012023 202302 300-20700-10100
FY23 DEBT SRVC SER2014
STONEYBROOK SOUTH CDD C/0 USBANK
2/01/23 02012023 202302 300-15100-10000
TRANSFER TO SBA OPER.RES.
STONEYBROOK SOUTH CDD C/0
2/01/23 02012023 202302 300-58100-10000
FY23 BDGTED CAP.RES.ACCT
STONEYBROOK SOUTH CDD C/0
2/01/23 167	202302 310-51300-34000
MANAGEMENT FEES FEB23
2/01/23 167	202302 310-51300-35200
WEBSITE ADMIN FEB23
2/01/23 167	202302 310-51300-35100
INFORMATION TECH FEB23
2/01/23 167	202302 310-51300-31300
DISSEMINATION FEE FEB23 2/01/23 167	202302 310-51300-42000
POSTAGE
2/01/23 168	202302 320-53800-12000
FIELD MANAGEMENT FEB23
2/01/23 168A	202210 310-51300-42000
USPS-941FORM MAILING 2022

- - - - - - - - - - - - - - - - - - -

GOVERNMENTAL MANAGEMENT SERVICES
2/01/23 70925B	202302 320-53800-47000 WATER MGMT SERVICES FEB23
THE LAKE DOCTORS, INC.
2/09/23 02092023 202302 300-20700-10000
FY23 DEBT SRVC SER2013
STONEYBROOK SOUTH CDD C/0 USBANK
2/09/23 02092023 202302 300-20700-10100
FY23 DEBT SRVC SER2014

*	240.00

395.85

- - - - - - - - - - - -2-40-.0-0 000742
*

551.47

*

- - - - - - - - - - - -3-95-.8-5 000743

350,000.00

- - - - - - - - - - - -5-51-.4-7 000744
*
- - - - - - - - - -3-50-,0-00-.0-0 000745

93,981.00

*

2,929.08

*

- - - - - - - - - - -93-,9-81-.0-0 000746
*	66.67
*	108.33
*	416.67
*	7.73
*	1,351.92
*	.39

163.00

*

- - - - - - - - - - -4-,8-80-.7-9 000747

22,132.66

*

- - - - - - - - - - - -1-63-.0-0 000748

30,833.78

*

- - - - - - - - - - -22-,1-32-.6-6 000749

STONEYBROOK SOUTH CDD C/0 USBANK	30,833.78 000750

SSTH STONE SOUTH	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREP.AID/COMPUTER CHECK REGISTER	RUN 3/27/23
*** CHECK DATES 01/31/2023 - 03/27/2023 ***	GENERAL FUND
BANK A GENERAL FUND

PAGE	2

CHECK VEND# .....INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS

STATUS

AMOUNT	....CHECK.....
AMOUNT	#

2/16/23 00052

2/16/23 00003

2/10/23 5224	202301 320-53800-46100
RPLC ll-60WATT LEDS ENTR.

- - - -	- - - -	- - -

-	-	- - -	-	- -	BERRY CONSTRUCTION INC 2/01/23 149800	202302 320-53800-46200

- - -	- -	- - - -

MAINTENANCE SERVICE FEB23

*	965.00

25,548.00

*

- - - - - - - - - - - -96-5-.0-0 000751

2/23/23 00052

-	- - - - -	- - - -	DOWN TO EARTH LAWNCARE II, INC. 2/16/23 5235	202302 320-53800-46100

285.00

- - - - -  - -  - - - - - -

*

INST.60WATT LED BULB MICK

- - - - - -	25-,54-8-.00-

000752

2/23/23 00003

3/02/23 00020

3/09/23 00001

3/09/23 00011

3/16/23 00003

-	-	- -	- -	BERRY CONSTRUCTION INC 2/13/23 150692		202302 320-53800-46400
REMOVE 3 PALMS BELLA ENT 2/13/23 150693	202302 320-53800-46600
RMV LIMBS ON 2 GIANT OAKS

-  -  - - -	- - -

- - -	- -	- -	- - - -	DOWN TO EARTH LAWNCARE II, INC. 2/24/23 29412A		202302 320-53800-47100

- - - -	- - -	- - -

FOUNTAIN CLEAN ROUNDABOUT
- - - - -	- - - -	FOUNTAIN DESIGN GROUP, INC.
3/01/23 169	202303 310-51300-34000
MANAGEMENT FEES MAR23
3/01/23 169	202303 310-51300-35200
WEBSITE ADMIN MAR23
3/01/23 169	202303 310-51300-35100
INFORMATION TECH MAR23
3/01/23 169	202303 310-51300-31300
DISSEMINATION FEE MAR23 3/01/23 169	202303 310-51300-51000
OFFICE SUPPLIES
3/01/23 169	202303 310-51300-42000
POSTAGE
3/01/23 169	202303 310-51300-42500
COPIES
3/01/23 170	202303 320-53800-12000
FIELD MANAGEMENT MAR23

- -  -	- - - -

- -	- - - - - - - - - -	GOVERNMENTAL MANAGEMENT SERVICES 3/07/23 22824	202302 310-51300-31500

- - -	-	- - - -

PREP/ATTEND PHONE BRD MTG
-	- - - - - -	- - - -	STRALEY, ROBIN & VERICKER 3/01/23 152325	202303 320-53800-46200
MAINTENANCE SERVICE MAR23

- - - - -	-	-2-85.00 000753

- -	- - -  - -

*	1,570.00
*	920.00

240.00

*

- - - - - - - - - - -2-,49-0-.0-0 000754

-	- -	- - - -

- - - -	- - -	-240.00 000755
*	2,929.08
*	66.67
*	108.33
*	416.67
*	.48
*	16.22
*	49.35
*	1,351.92

-  - - - -	-

- - -	- -	-	4,-93-8.-72 000756
*	244.00

25,548.00

*

- - - - - - - - - - - -2-44-.0-0 000757

DOWN TO EARTH LAWNCARE II, INC.	25,548.00 000758

SSTH STONE SOUTH	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 3/27/23
*** CHECK DATES 01/31/2023 - 03/27/2023 ***	GENERAL FUND
BANK A GENERAL FUND

PAGE	3

CHECK VEND# .....INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

3/16/23 00046

3/16/23 00032

3/16/23 00032

3/23/23 00018

3/05/23 69464	202302 310-51300-31100
COD MTG/SWFWMD RESEARCH
HAMILTON ENGINEERING & SURVEYING
3/10/23 03102023 202303 300-20700-10000
FY23 DEBT SRVC SER2013
STONEYBROOK SOUTH COD C/0 USBANK
3/10/23 03102023 202303 300-20700-10100
FY23 DEBT SRVC SER2014
STONEYBROOK SOUTH COD C/0 USBANK
3/13/23 2018669 202303 310-51300-49200
2022 TAX ROLL ADMIN FEE

*	240.00

9,902.22

*

- - - - - - - - - - - -2-40-.0-0 000759

13,795.12

- - - - - - - - - - -9-,9-02-.2-2 000760
*

679.75

*

- - - - - - - - - - -13-,7-95-.1-2 000761

OSCEOLA CTY PROPERTY APPRAISER	679.75 000762

TOTAL FOR BANK A TOTAL FOR REGISTER

588,054.36
588,054.36

SSTH STONE SOUTH	TVISCARRA

SECTION C

•

•

•

•

•

•

Stoneybrook South
Community  Development  District

Unaudited Financial Reporting
February 28, 2023

•	•	•	•	•	•	•	•	•	•	•	•	•	•	•

Table of Contents

			Balance Sheet 

			General Fund Income Statement 

Capital Reserve Fund Income Statement

Debt Service Income Statement Series 2013

Debt Service Income Statement Series 2014

Debt Service Income Statement Series 2023

Month to Month

FY23 Assessment Receipt Schedule

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT
BALANCE SHEET
February 28, 2023

	General Fund	Capital ReseNe Fund	DebtSeNice Fund	Totals 2023	

ASSETS:					
CASH					
OPERATING ACCOUNT-TRUIST	$199,329	$25,003		$224,332	
OPERATING ACCOUNT - SOUTHSTATE	$25,000				
STATE BOARD OF ADMINISTRATION	$584,739	$1,251,858		$1,836,597	
INVESTMENTS					
SERIES 2013					
RESERVE				$0	
REVENUE				$0	
PREPAYMENT				$0	
SERIES 2014					
RESERVE			$608,655	$608,655	
REVENUE			$1,368,417	$1,368,417	
SERIES 2023					
REVENUE			$28,213	$28,213	
INTEREST			$175,000	$175,000	
COST OF ISSUANCE			$1,699	: .$1,699	
DUE FROM GENERAL FUND				$0	
TOTAL ASSETS	$809,069	$1,276,861	$2,181,984	$4,267,913	

UABIUJIES:					
ACCOUNTS PAYABLE	$724			$724	
FUND EQUITY;					
FUND BALANCES:					
ASSIGNED		$1,276,861		$1,276,861	
RESTRICTED FOR DEBT SERVICE 2013			$0	$0	
RESTRICTED FOR DEBT SERVICE 2014			$1,977,072	$1,977,072	
RESTRICTED FOR DEBT SERVICE 2023			$204,911	$204,911	
UNASSIGNED	$808,345			$808,345
. ,,· ·'	
TOTAL LIABILITIES & FUND EQUITY		$809,069	 $1,276,861	$2,181,984 		$4,267,913 

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND
Statement of Revenues & Expenditures
ForThe Period Ending February 28, 2023

	ADOPTED
BUDGET	PRORATED BUDGET THRU 2/28/23	ACTUAL
THRU 2/28/23	
VARIANCE	
REVENUES;					
ASSESSMENTS-TAX ROLL	
$845,101	
$765,285	
$765,285	
$0	
INTEREST	$750	$313	$4,824	$4,512	
TOTAL REVENUES	$845,851	$765,598	$770,110	$4,512	

EXPENDITURES:					
ADMINISTRATIVE:					
SUPERVISOR FEES	$8,000	$3,333	$3,000	$333	
FICA EXPENSE	$612	$255	$230	$26	
ENGINEERING	$15,000	$6,250	$600	$5,650	
ATTORNEY	$15,000	$6,250	$645	$5,605	
ARBITRAGE	$1,100	$0	$0	$0	
DISSEMINATION	$5,000	$2,083	$2,083	($0)	
ANNUAL AUDIT	$3,650	$1,521	$0	$1,521	
TRUSTEE FEES	$8,300	$6,223	$6,223	$0	
ASSESSMENT ADMINISTRATION	$5,000	$5,000	$5,000	$0	
MANAGEMENT FEES	$35,149	$14,645	$14,645	$0	
INFORMATION TECHNOLOGY	$1,300	$542	$542	$0	
WEBSITE ADMINISTRATION	$800	$333	$333	($0)	
TELEPHONE	$SO	$21	$0	$21	
INSURANCE	$6,350	$6,350	$6,196	$154	
POSTAGE	$500	$208	$29	$180	
PRINTING & BINDING	$400	$167	$19	$148	
LEGAL ADVERTISING	$2,500	$1,042	$0	$1,042	
CONTINGENCY	$300	$125	$195	($70)	
OFFICE SUPPLIES	$100	$42	$1	$41	
PROPERTY APPRAISER	$625	$260	$0	$260	
PROPERTY TAXES	$5	$2	$37	($35)	
DUES, LICENSES & SUBSCRIPTIONS	$175	$175	$175	$0	

FIEID;					
FlELD SERVICES	$16,223	$6,760	$6,760	($0)	
ELECTRIC	$55,000	$22,917	$24,771	($1,854)	
STREETLIGHTS	$200,000	$83,333	$80,612	$2,722	
RECLAIMED WATER	$180,000	$75,000	$69,518	$5,482	
PROPERTY INSURANCE	$12,550	$12,550	$12,545	$5	
ENTRY & WALLS MAINTENANCE	$15,000	$6,250	$3,002	$3,248	
LANDSCAPE MAINTENANCE	$268,254	$111,773	$114,966	($3,194)	
LANDSCAPE REPLACEMENT-PLANTS,SHRUBS,TREES	$40,000	$16,667	$1,570	$15,097	
TREE TRIMMING	$5,000	$5,000	$920	$4,080	
IRRIGATION REPAIRS	$15,000	$6,250	$13,057	($6,807)	
AQUATIC MAINTENANCE	$3,000	$1,250	$815	$435	
FOUNTAIN REPAIR& MAINTENANCE	$7,500	$3,125	$1,200	$1,925	
WETLAND MONITORING & MAINTENANCE	$0	$0	$0	$0	
MISCELLANEOUS -STORMWATER CONTROL	$5,000	$2,083	$0	$2,083	
PRESSURE WASHING	$5,000	$2,083	$0	$2,083	
SIDEWALK REPAIR & MAINTENANCE	$10,000	$4,167	$0	$4,167	
ROADWAY REPAIR& MAINTENANCE-STORM GUTTERS	$5,000	$2,083	$0	$2,083	
CONTINGENCY	$10,000	$4,167	$0	$4,167	
TRANSFER OUT -CAPITAL RESERVE	$93,981	$93,981	$93,981	$0	
TOTAL EXPENDITURES	$1,056,423	$514,265	$463,667	$50,598	
					
EXCESS REVENUES (EXPENDITURES)	($210,572)		$306,443		
					
FUND BALANCE-BEGINNING	$210,572		$501,902		
					
FUND BALANCE-ENDING	$0		$808,345		

Stoneybrook South
COMMUNllY DEVELOPMENT DISTRICT

CAPITAL RESERVE FUND
Statement of Revenues & Expenditures
For The Period Ending February 28, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 2/28/23	ACTUAL
THRU 2/28/23	
VARIANCE	
REVENUES:						
TRANSFERIN		$93,981	$93,981	$93,981	$0	
INTEREST		$3,000	$1,250	$19,815	$18,565	
TOTAL REVENUES		$96,981	$95,231	$113,796	$18,565	

EXPENDITURES;						
CAPITAL OUTLAY		$25,000	$10,417	$0	$10,417	
TOTAL EXPENDITU RES		$25,000	$10,417	$0	$10,417	
						
EXCESS REVENUES (EXPENDITURES)	'-$7_1.._,9_8_1	$_1_1_.3,_79_6		

FUND BALANCE- BEGINNING	$1,157,696	$1,163,065	
			
FUND BALANCE- ENDING	$1,229,677	$1,276,861	

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2013 DEBT SERVICE FUND
Statement of Revenues & Expenditures
ForThe Peiod Ending Feb11 aiy 28, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 2/28/23	ACTUAL
THRU 2/28/23	
VARIANCE		
REVENUES:							
ASSESSMENTS-TAX ROLL		$746,885	$676,345	$676,345	$0		
INTEREST		$1,000	$417	$18,305	$17,888		
TOTAL REVENUES		$747,885	$676,762	$694,650	$17,888		
EXPENDJIURES;							
INTEREST -11/1		$239,988	$239,988	$239,988	$0		
PRINCIPAL- 05/1		$255,000	$0	$0	$0		
INTEREST - 05/1		$239,988	$0	$0	$0		
TOTAL EXPENDITURES		$734,97S	$239,988	$239,988	$0		

OTHER SOURCES/{USESl;							
TRANSFER IN		$0	$0	($1,655,854)	($1,655,854)		
TOTAL SOURCES/(USES)		$0	$0	($1,655,854)	($1,655,854)		
							
EXCESS REVENUES (EXPENDITURES)		$12,910		($1,201,192)			
							
FUND BAIANCE • BEGINNING		$456,535		$1,201,192			
							
FUND BAIANCE • ENDING		$469,445		$0			

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2014 DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Peiod Ending Febll aiy 28, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 2/28/23	ACTUAL
THRU 2/28/23	
VARIANCE	
REVENUES:						
ASSESSMENTS-TAX ROLL		$1,040,511	$942,240	$942,240	$0	
INTEREST		$1,500	$625	$22,237	$21,612	
TOTAL REVENUES		$1,042,011	$942,865	$964,477	$21,612	
EXPENDITURES:						
INTEREST -11/1		$344,619	$344,619	$344,619	$0	
PRINCIPAL-11/1		$310,000	$310,000	$310,000	$0	
INTEREST - 05/1		$337,256	$0	$0	$0	
TOTAL EXPENDITURES		
$991,875	$654,619	$654,619	so	

EXCESS REVENUES (EXPENDITURES)		$50,136		$309,858		

FUND BAIANCE- BEGINNING		$1,053,185		$1,667,214		

				
FUND BAIANCE- ENDING		$1,103,321		$1,977,072		

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2023 DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Period Ending February 28, 2023

	ADOPTED
BUDGET		PRORATED BUDGET
THRU 2/28/23		ACTUAL
THRU 2/28/23	
VARIANCE	
REVENUES:								
BOND PROCEEDS			$0		$0	$6,394,000	$6,394,000	
INTEREST			$0		$0	$0	$0	
TOTAL REVENUES			$0		$0	$6,394,000	$6,394,000	

EXPENDITURES:								
INTEREST-11/1			$0		$0	$0	$0	
PRINCIPAL-5/1			$0		$0	$0	$0	
INTEREST - 05/1			$0		$0	$0	$0	
TOTAL EXPENDITURES			$0		$0	$0	$0	

OTHER SOURCES/(USESI:								
OTHER DEBT SERVICE COSTS			
$0		$0	($219,275)	($219,275)	
TRANSFER IN/(OUT)			$0		$0	($5,969,814)	($5,969,814)	
TOTAL SOURCES/(USES)			$0		$0	($6,189,089)	($6,189,089)	
								
EXCESS REVENUES (EXPENDITURES)			$.0			$204,911		
								
FU ND BALANCE- BEGINNING			$0			$0		
								
FU ND BALANCE - ENDING			$0			$204,911		

Stoneybrook South
Community Development District

l!mll!ill:	Oct	NOY	!lee	Jan	Feli			Ma,	Jun	Jul	A!I	·se_.	Total	
ASSESSMENTS-TAX ROU	$0	$109,805	$605,869	$24,568	$25,043	$0	$0	$0	$0	$0	$0	$0	$76S,285	
INTEREST	$61S	$746	$845	$898	$1,721	$0	$0	$0	$0	$0	$0	$0	$4,824	

.	,,,

TOTAL REVENUES	I	615	$110,551	$606,714	525,466	526,764	!li	w	"'	!ii	!ii	Jo	iii	mo.110 I
EXPENDITURES;		
ADM1NlSJ1lATIVE:
SUPERVISOR FEES		
$800	
$0	
$800	
$0	
$1,400	
$0	
$0	
$0	
$0	
$0	
$D	
$0	
$3,000	
FICA EXPENSE		$61	$0	$61	$0	$107	$D	$D	$0	$0	$0	$0	$0	$230	
ENGINEERING FEES		$120	$0	$240	$0	$240	$0	$0	$0	$0	$0	$0	$0	$600	
ATTORNEY		$173	$0	$228	$0	$244	$D	$0	$0	$0	$0	$D	$0	$645	
ARBITRAGE		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
DISSEMINATION		$417	$417	$417	$417	$417	$0	$0	$0	$0	$0	$0	$0	$2,083	
ANNUAL AUDIT		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
TRUSTEE FEES		$6,223	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6,223	
ASSESSMENT ADMINISTRATION		$S,000	$0	$D	$0	$0	$D	$0	$0	$0	$0	$0	$0	$5,000	
MANAGEMENT FEES		$2,929	$2,929	$2,929	$2,929	$2,929	$0	$0	$0	$0	$0	$0	$0	$14,645	
INFORMATION TEOINOLOGY		$108	$108	$108	$108	$108	$0	$D	$0	$0	$D	$0	$0	$542	
WEBSITE MAINTENANCE		$67	$67	$67	$67	$67	$D	$0	$0	$0	$0	$0	$0	$333	
TELEPHONE		$0	$0	$D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
INSURANCE		$6,196	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6,196	
POSTAGE		$7	$6	$3	$5	$8	$D	$0	$0	$0	$0	$0	$0	$29	
PRINTING & BINDING		$0	$6	$0	$13	$0	$0	$0	$0	$0	$0	$0	$0	$19	
L£GAL ADVERTISING		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
CONTINGENC.V		$39	$39	$39	$39	$39	$0	$0	$0	$0	$0	$0	$0	$195	
OFFICE SUPPLIES		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1	
PROPERlY APPRAISER		$0	$0	$0	$D	$0	$0	$0	$0	$0	$0	$0	$0	$0	
PROPERTY TAXES		$35	$2	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$37	
DUES, LICENSES &SUBSCRIPTIONS		$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
fll!lh
FIELD SERVICES		
$1,352	
$1,352	
$1,352	
$1,352	
$1,352	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$6,760	
ELECTRIC		$4,715	$4,515	$4,705	$5,575	$5,260	$0	$0	$0	$0	$0	$0	$0	$24,771	
STREETIJGHl5		$14,7112	$17,030	$16,339	$15,705	$16,836	$0	$0	$0	$0	$0	$0	$0	$80,612	
REO.AIMED WATER		$17,856	$13,810	$16,579	$10,813	$10,460	$0	$0	$0	$0	$0	$0	$0	$69,518	
PROPERlY INSURANCE		$12,545	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$12,545	
ENTRY & WALLS MAINTENANCE		$1,065	$0	$687	$965	$285	$0	$0	$0	$0	$0	$0	$0	$3,002	
LANDSCAPE MAINTENANCE		$21,290	$21,290	$21,290	$25,548	$25,548	$0	$0	$0	$0	$0	$D	$0	$114,966	
LANDSCAPE REPLACEMENT		$0	$0	$0	$0	$1,570	$0	$0	$0	$0	$0	$0	$0	$1,570	
TREE TRIMMING		$0	$0	$0	$0	$920	$0	$0	$0	$0	$0	$0	$0	$920	
IRRIGATION REPAIRS		$6,656	$6,401	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$13,057	
AQUATIC MAINTENANCE		$163	$163	$163	$163	$163	$0	$0	$0	$0	$0	$0	$0	$815	
FOUNTAIN REPAIR & MAINTENANCE		$240	$240	$240	$240	$240	$D	$0	$0	$0	$0	$0	$0	$1,200	
WETIAND MONITORING & MAINTENANCE		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
MISCEUANEOUS-STORMWATER CONTROL		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
PRESSURE WASHING		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
SIDEWALK REPAIR & MAINTENANCE		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
ROADWAY REPAIR & MAINTENANCE		$0	$D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
CONTINGENCY		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
TRANSFER OUT· CAPITAL RESERVE		$0	$0	$0	$0	$93,981	$0	$0	$0	$0	$0	$0	$0	$93,981	
TOTAL EXPENDITURES	I	SH)Z.93.J	$68,374	$66,247	$63,939	$162,174	$0	so	$0	$0	$0	$0	$0	$463,6671	

I	!S.101,3)81	$42,176	$540,467	($38,473)	($135,4101	$0	$0	$0	$0	$0	$0	$0	$306,4431	

EXass REVENUES/(EXPENDITURESI

7

STONEYBROOK SOUTH
COMMUNITY DEVELOPMENT DISTRICT

	DATE RECEIVED	

DIST.	GROSS ASSESSMENTS DISCOUNTS/ COMMISSIONS	INTEREST	NETAMOUNT REalVED	PENALTIES	PAID		INCOME		RECEIVED	GENERAL FUND 32.1016	2013
DEBTSERVla 28.3716	2014
DEBT SERVICE 39.5316	
TOTAL
101116	
	
11/18/22
11/22/22
12/9/22
12/9/22
12/22/22
1/10/23
1/10/23
1/24/23
2/9/23
2/9/23
3/10/23
3/10/23	
AO!
AO!
AO!
AO!
AO!
AO!
AO!
AO!
AO!
AO!
AO!
AO!	$	20,251.84 $ 1,049.62 $	384.04 $	$	18,818.18
$	343,564.06 $ 13,742.68 $	6,596.43 $	$	323,224.95
$	1,915,722.44 $ 76,629.77 $  36,781.85 $	$  1,802,310.82
$	1,541.07 $	12.61 $	30.57 $	$	1,497.89
$	88,126.93 $ 2,944.51 $	1,703.65 $	$	83,478.77
$	69,984,93 $ 2,146.18 $	1,356.77 $	$	66,481.98
$	9,102.41 $	273.11 $	176.59 $	$	8,652,71
s	$	$	$	1,395.21  s	1,395.21
$	315A7 $	$	6.31 $	$	309.16
$	81,052.90 $ 1,766.74 $	1,585.73 $	$	77,700.43
$	35,068.65 $	392.51 $	693.52 $	$	33,982.62
$	937.86 $	$	18.76 $	$	919.10
$	$	$	$	$
$	$	$	$	$
$	$	$	$	$
$	$	$	$	$
$	$	$	$	$
$	$	$	$	$
$	$	$	$	$	$	6,041.13 $	5,339.04
$  103,763.76 $  91,704.50
$  578.589.43 $  511,346.68
$	480.86 $	424.98
$	26,798.89 $  23,684.37
$	21,342A7 $  18,862.08
$	2,777.75 $	2,454.92
s	.447.90 $	395.85
$	99.25 $	87.71
$	24,943.89 $	22,044.95
$	10,909.32 $	9,641.46
$	295.06 $	260.76
$	$
$	$
$	$
$	$
$	$
$	$
$	$	$	7,438.00 $	18,818.18
$	127,756.70 $  323,224.95
$	712,374.71 $ 1,802,310.82
$	592.05 $	1,497.89
$	32,995,51 $	83,478.77
$	26,277A2 $	66,48L98
s	3,420.04 s	8,652.71
$	551.47 s	1,395.21
$	122.20 $	309.16
$	30,711.58 $	77,700.43
$	13,431.84 $	33,982.62
$	363.28 $	919.10
$	$
$	$
$	s
$	$
$	$
$	$
$	$	
	TOTALS		2 565,668.56	98	957.73 s 49,334.22	1.395.Zl  $  2,418 771.82	$  776,489.71	$  oao.247.30	956,034.81	$ 2.418 771.82	

SPECIAL ASSESSMENT REalPTS • FY2023

TAX COLLECTOR		
GROSS ASSESSMENTS $	2,800,529	$	899,044	$	794,558	$	1,106,927	
NET ASSESSMENTS $	2,632,497	$	84S,101	$	746,885	$	1,040,511	

,

8

SECTION IV

SECTION A

RESOLUTION 2023-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED OPERATION AND MAINTENANCE BUDGET FOR FISCAL YEAR 2023/2024; SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING, AND PUBLICATION REQUIREMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager prepared and submitted to the Board of Supervisors ("Board") of the Stoneybrook South Community Development District ("District") prior to June 15, 2023 a proposed operation and maintenance budget for the fiscal year beginning October 1, 2023 and ending September 30, 2024 ("Proposed Budget"); and

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

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget, including any modifications made by the Board, attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

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

DATE: HOUR: LOCATION:

August 7, 2023

10:00 a.m.

Oasis Club at ChampionsGate 1520 Oasis Club Blvd.
ChampionsGate, Florida 33869

TRANSMITTAL	OF  PROPOSED	BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Osceola County at least 60 days prior to the hearing set above.

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

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

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

PASSED AND ADOPTED ON APRIL 3, 2023.

Attest:	Stoneybrook South Community Development District

 	

Print Name:	 _ Secretary / Assistant Secretary

Print Name:----------- ChairNice Chair of the Board of Supervisors

Exhibit A:	Proposed Budget for Fiscal Year 2023/2024

Stoneybrook South
Community Development District

Proposed Budget
FY 2024

•

Table of Contents

		General Fund

	               	Assessment Charts 

3-9		General Fund Narrative 

Capital Reserve Fund 

		Debt Service Fund Series 2013 

		Debt Service Fund Series 2014 

		Amortization Schedule Series 2014 

		Debt Service Fund Series 2023 

		Amortization Schedule Series 2023 

Stoneybrook South

		General Fund		
	Adopted	Actual	Projected	Total	Proposed	

Description	Budget
FY2023	Thru
2128/23	Next7
Months	Thru
9/30/23	Budget FY2024	

Blnm!ll						
Special Assessments - Tax Roll	$845,101	$765,285	$79,816	$845,101	$1,025,880	
Interest	$750	$4,824	$2,676	$7,500	$5,000	
Cany Forward Surplus	$210,572	$0	$0	$0	$0	
Total Revenues	$1.056A23	$770,110	$82,492	$852,!501	s1.030,880 I	

Expenditures						
Administrative
Supervisors Fees	
$8,000	
$3,000	
$3,000	
$6,000	
$8,000	
FICA Expense	$612	$230	$230	$459	$612	
Engineering	$15,000	$600	$4,400	$5,000	$10,000	
Attorney	$15,000	$645	$6,855	$7,500	$15,000	
Arbitrage	$1,100	$0	$1,100	$1,100	$1,100	
Dissemination	$5,000	$2,083	$2,917	$5,000	$6,000	
Annual Audit	$3,650	$0	$3,650	$3,650	$4,650	
Trustee Fees	$8,300	$6,223	$2,074	$8,297	$8,500	
Assessment Administration	$5,000	$5,000	$0	$5,000	$6,000	
Management Fees	$35,149	$14,645	$20,504	$35,149	$40,000	
Information Technology	$1,300	$542	$758	$1,300	$1,800	
Website Maintenance	$800	$333	$467	$800	$1,200	
Telephone	$50	$0	$25	$25	$50	
Postage	$500	$29	$121	$150	$500	
Printing & Binding	$400	$19	$16	$180	$400	
Insurance	$6,350	$6,196	$0	$6,196	$6,350	
Legal Advertising	$2,500	$0	$2,500	$2,500	$2,500	
Olher Current Charges	$300	$195	$280	$475	$500	
Office Supplies	$100	$1	$3	$4	$100	
Properly Taxes	$5	$37	$0	$37	$50	
Properly Appraiser	$625	$0	$680	$680	$700	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	

Administrative Expenses	
$109,916	
$39,952	
$49,724	
$89.676	s114,181 I	
Operation & Maintenance
Field Services	
$16,223	
$6,760	
$9,463	
$16,223	
$17,034	
Electric	$55,000	$24,771	$36,820	$61,591	$65,000	
Streetilghts	$200,000	$80,612	$117,852	$198,464	$200,000	
Reclaimed Water	$180,000	$69,518	$104,518	$174,036	$180,000	
Properly Insurance	$12,550	$12,545	$0	$12,545	$12,550	
Entry & Walls Maintenance	$15,000	$3,002	$4,498	$7,500	$15,000	
Landscape Maintenance	$268,254	$114,966	$178,836	$293,802	$316,609	
Landscape Replacement - Plants, Shrubs, Trees	$40,000	$1,570	$8,430	$10,000	$40,000	
Tree Trimming	$5,000	$920	$1,580	$2,500	$5,000	
Irrigation Repairs	$15,000	$13,057	$11,943	$25,000	$25,000	
Aquatic Maintenance	$3,000	$815	$1,186	$2,001	$3,000	
Fountain Repair & Maintenance	$7,500	$1,200	$1,680	$2,880	$7,500	
Miscellaneous - Stormwater Control	$5,000	$0	$2,500	$2,500	$5,000	
Pressuring Washing	$5,000	$0	$2,500	$2,500	$5,000	
Sidewalk Repair & Maintenance	$10,000	$0	$2,500	$2,500	$5,000	
Roadway Repair & Maintenance - Storm Gutters	$5,000	$0	$2,500	$2,500	$5,000	
Contingency	$10,000	$0	$5,000	$5,000	$10,000	
Transfer Out - Capital Reserve	$93,981	$93,981	$0	$93,981	$0	

Operation & Malnfenance Expenses	
$946,508	
$423,715	
$491,806	
$915,522	$916,693 !	
Total Expenditures	$1,056,423	$463,667	$541.531	$1.005,19B	$1J)30,8B0 I	
						
Excess Revenues/(Expendltures)	($0)	$306.443	($459.039)	($152.596)		

Community Development District Fiscal Year 2024

Net Assessment
Collectlon Cost (6%)

$1,025,880
$65,482

Gross Assessment		

Stoneybrook South
Community Development District

Fiscal Year 2024 Assessment Chart
Fiscal Year 2024

!Property Type	Platted Units	Gross Per Unit	Gross Total f	
Apartment	304	$13.96	$4,244	
Condo	168	$416.32	$69,942	
Townhorne	181	$541.21	$97,959	
Single Family 40'	82	$666.10	$54,620	
Single Family 50'	698	$832.62	$581,171	
Single Family 60'	197	$999.15	$196,832	
Sin le Famil BO'	65	1 332.20	86 593	
Total	1695		1 091 362	
	
Fiscal Year 2023			
!PropertyType	
Platted Units	
Gross Per Unit	Gross Total I	
Apartment	304	$11.50	$3,496	
Condo	168	$342.96	$57,617	
Townhome	181	$445.84	$80,697	
Single Family 40'	82	$548.72	$44,995	
Single Family 50'	698	$685.90	$478,758	
Single Family 60'	197	$823.08	$162,147	
Sin le Famil BO'	65	1 097.44	71 334	
Total	1695		899 044	

Proposed Increase
!PropertyType	Platted Units	% Increase  Gross Per Unit	Gross Total I

Apartment Condo Townhome Single Family 40'
Single Family 50'
Single Family 60'
Single Family 80'

304
168
181
82
698
197
65

21%
21%
21%
21%
21%
21%
21%

$2.46
$73.36
$95.37
$117.38
$146.72
$176.07
$234.76

$748
$12,325
$17,262
$9,625
$102,413
$34,685
$15 259

!Total

1695	s192'.310I

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

REVENUES:
Special Assessments - Tax Collector
The District will levy a non-ad valorem special assessment on all the assessable property within the District in order to pay for the operating expenditures during the fiscal year. These assessments are billed on the tax bills.

EXPENDITURES:

Administrative:

SupeNisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated $200 per meeting, not to exceed $4,800 per year to each Supervisor for the time devoted to District business and meetings. Amount is based on attendance of 5 Supervisors at 8 monthly Board meetings.

Engineering

The District's engineer, Hamilton Engineering & Surveying, Inc., will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review of invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Straley, Robin & Vericker, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District's Arbitrage Rebate Liability on the Series 2014 Special Assessment Bonds Assessment Area Two-A Project Series 2023 Special Assessment Refunding Bonds and the Series 2023 Special Assessment Refunding Bonds. The District has contracted with LLS Tax Solutions, Inc. for this service.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2- 12(b)(5) which relates to additional reporting requirements for unrated bond issues. The District has contracted with Governmental Management Services-Central Florida, LLC for this service on the Series 2014 Special Assessment Bonds Assessment Area Two-A Project and the Series 2023 Special Assessment Refunding Bonds.

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with Berger, Toombs, Elam, Gaines & Frank for this service.

Trustee Fees

The District wlll pay annual trustee fees for the Series 2014 Special Assessment Bonds Assessment Area Two-A Project and the Series 2023 Special Assessment Refunding Bonds that are deposited with a Trustee at USBank.

Assessment Administration

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

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to District's information systems, which include but are not limited to video conferencing service, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for the costs associated with monitoring and maintaining the District's website created in accordance with Chapter 189, Florida Statues. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.

Printing & Binding

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

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

Insurance

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

Legal Advertising

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

Other Current Charges

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for office supplies that need to be purchased during the fiscal year.

Property Taxes

Represents estimated fees charged by Osceola County Tax Collector's Office for all assessable property within the District.

Property Appraiser

Represents a fee charged by Osceola County Property Appraiser's office for assessment administration services.

Dues, Licenses & Subscriptions

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

Field:

Field Services

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

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

Electric

Represents cost of electric services for items such as monument lighting, fountains, etc. District currently has the following accounts with Duke Energy.

Account#	Description	Monthly	Annual	
9100 8720 7117	1300 Stoneybrook Blvd S, Fountain	$950	$11,400	
9100 8717 4371	14381 Mickelson Ct., Fountain	$425	$5,100	
9100 8717 4876	100 Double Eagle Dr, Sign/Lighting	$1,250	$15,000	
9100 8720 7836	1400 Deuce Cir, Entry Monument	$35	$420	
9100 8720 8093	8900 Leaderboard Ln, Lighting	$50	$600	
9100 8720 8530	15511 Oasis Club Blvd, Gatehouse Lighting	$50	$600	
9100 8720 8803	1200 Oasis Club Blvd, Meter B	$35	$420	
9100 8720 9010	9160 Tri County Rd, Irrigation 1	$35	$420	
9100 8720 9755	14431 Bunker Drive, Fountain	$750	$9,000	
9100 8720 9995	1500 Rolling Fairway Dr, Entry Monument	$35	$420	
9100 8721 0518	1300 Stoneybrook Blvd S, 000 Blk	$45	$540	
9100 8723 5004	1400 Stoneybrook Blvd S, Sign	$35	$420	
9100 8723 5327	15101 Mulligan Blvd, West Entry	$35	$420	
9100 8723 5533	1500 Flange Dr, Entry Monument Light	$35	$420	
9100 8723 6039	9100 Iron Drive	$35	$420	
9100 8723 6253	1200 Stoneybrook Blvd S, Pump, Fountains	$210	$2,520	
9100 8723 6766	9160 Tri County Rd, Irrigation 2	$35	$420	
9100 8723 7478	13241 Westside Blvd. South, Fountain	$500	$6,000	
9100 8723 7957	14471 Mickelson Ct., Fountain	$500	$6,000	
9100 8723 8205	1200 Stoneybrook Blvd S, 000/Meter A	$50	$600	
9100 87271157	14031 Mickelson Ct, Entry Monument	$35	$420	
	Contingency		$3440	
Total			
$65,000	

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

Streetlights

Represents cost of streetlighting services. District currently has the following accounts with Duke Energy.

Account#	Description	Monthly	Annual	
9100 8723 6576	000 Westside Blvd Lite, Stnbrk S Trc F PH1SL	$430	$5,160	
9100 8723 8643	000 Westside Blvd Lite, SL	$760	$9,120	
9100 8717 3619	000 Oasis Club Blvd, Lite, Tract I-J1 PH2B SL	$700	$8,400	
9100 8717 3867	000 Oasis Club Blvd, Lite, Tract I-J1 PH2A SL	$625	$7,500	
9100 8717 4107	1551 Flange Dr, Stnybrk S J2-3 PH1 SL	$950	$11,400	
9100 8717 4636	000 Westside Blvd Lite, WS Blvd Ext	$625	$7,500	
9100 8720 7357	000 Stoneybrook Blvd S Lite, Tract H	$1,600	$19,200	
9100 8720 7604	000 Oasis Club Blvd Lite, Tract I-J1 PH1A SL	$460	$5,520	
9100 8720 8316	000 Westside Blvd Lite, Stnbrk S Trc F PH2SL	$1,050	$12,600	
9100 8720 9250	000 Stoneybrook Blvd S Lite Tract 01	$510	$6,120	
9100 8720 9531	000 Oasis Club Blvd Lite, Tract I-J1 PH1B SL	$300	$3,600	
9100 8721 0245	000 Stoneybrook BLVD S Lite, Tract G123	$1,450	$17,400	
9100 8721 0774	1300 Stoneybrook Blvd S, Lite	$430	$5,160	
9100 8723 5757	000 Stoneybrook Blvdd S Lite, Tract C	$900	$10,800	
9100 8723 7212	000 Oasis Club Blvd Lite, SL	$1,275	$15,300	
9100 8723 7684	000 Stoneybrook Blvd S Lite, Tract C1B	$580	$6,960	
9100 8723 8445	000 Stoneybrook Blvd S, Lite, Tract E1 SLs	$410	$4,920	
9100 8723 8908	0 Stoneybrook Blvd S Lite, Lights	$1,725	$20,700	
9100 8727 1438	1551 Flange Dr, Stnybrk S J2-3 PH2 SL	$630	$7,560	
	Contingency		$15,080	
Total			$200 000	

Reclaimed Water

Represents cost of reclaimed water services. District currently has the following accounts with Toho Water Authority.

Account#	Description	Monthly	Annual	
2166394-1188660	9100 E Stoneybrook Boulevard Blk#3	$3,000	$36,000	
2166394-1188670	9100 E Stoneybrook South 811<#6	$5,000	$60,000	
2166394-1196480	9100 E Stoneybrook Boulevard Blk#11	$2,600	$31,200	
2166394-1274540	1500 A Oasis Club Blvd Blk Even	$2,750	$33,000	
2166394-1274550	1500 B Oasis Club Blvd Blk Even	$50	$600	
2166394-1279350	8900 Bella Cita Blvd Blk Odd	$75	$900	
2166394-33016799	1600 Even Moon Valley Drive	$125	$1,500	
	Contingency		$16,800	
Total			
$180,000	

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

Property Insurance

Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Entry & Walls Maintenance
Represents estimated costs to repair and maintain entry monuments and walls within the District.

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. The District has contracted with Down to Earth Lawncare 11, Inc. for this service.

Description	Monthly	Annual	
Landscape Maintenance - Oct. - Dec.	$25,548	$76,644	
Landscape Maintenance - Jan. - Sept.	$26,314	$236,830	
Contingency		$3,135	
		$316 609	
Total			

Landscape Replacement- Plants. Shrubs. Trees

Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract such as annual plant replacements, sod installation, tree replacement, etc.

Annual Mulching

Represents estimated cost for the annual installation of mulch to areas within the District.

Tree Trimming

Represents estimated cost for the tree trimming service to areas within the District.

Irrigation Repairs

Represents estimated costs for any repairs to the irrigation system.

Aquatic Maintenance

Represents cost for maintenance to the ponds located within the District. The District has contracted with The Lake Doctors. Inc. for the inspections, treatment and prevention of noxious aquatic weeds and algae.

Descriotion	Monthlv	Annual	
The Lake Doctos, Inc. Contingency
Total	$172	$2,064
	$936 
$3 000	

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

Fountain Repair & Maintenance

Represents estimated repair and maintenance cost to the fountain structures maintained by the District.

Miscellaneous - Starmwater Control

Represents estimated costs for the stormwater analysis requirement and any unforeseen repair costs to stormwater system.

Pressure Washing

Represents estimated cost for pressure washing any areas within the District.

Sidewalk Repair & Maintenance

Represents estimated cost to repair and maintain sidewalks within the District.

Roadway Repair & Maintenance - Storm Gutters

Represents estimated cost for any unforeseen repairs and maintenance to the storm gutters maintained by the District.

Contingency

Represents any additional field expense that may not have been provided for in the budget.

Stoneybroo k South
Community Development District

		Fiscal Year 2024 Capital Reserve Fund		
	Adopted
Budget FY2023	Actual
Thru 2/28/23	Projected Next7 Months	Total Thru
9/30/23	Proposed Budget FY2024	

Revenues						
Transfer In	$93,981	$93,981	$0	$93,981	$0	
Interest Income	$3,000	$19,815	$5,185	$25,000	$7,500	
Total Revenues	$96,981	$113,796	$5,185	$1181981	s1,soo 1	

Expenses						
Capital OuUay	$25,000	$0	$40,000	$40,000	$25,000	
Total Expenditures		$25,000	 $0	$40,000	 $40,000		s25,ooo 1	
Excess Revenues/(Expendltures)	$711981 	$113,796		{$34,815)	$781981	!$17,50011	

Fund Balance - Beginning	
$11157,696 	$1,163,065	 $0		$111631065	s1,242,04s I	
Fund Balance - Ending	$112291677	$112761861	{$34,815)	$1 421046	s1,224,546 1	

Stoneybroo k South
Community Development District

		Fiscal Year 2024
Series 2013 Debt Service Fund				
	Adopted	ActJal	Projectld	Told	P10posed	
	Budget
FY2023	Thn.i
2/28/23	Next7
Monhs	Thn.i
9/30/23	Budget
FY2024	

Revenues						
Special Assessments - Tax Roll	$746,885	$676,345	$70,540	$746,885	$0	
Interest Income	$1,000	$18,305	$0	$18,305	$0	
Carry Forward Surplus	$456,535	$1,201,192	$0	$1,201,192	($0)	
Total Reven u es	S,204,420	$1,895,842	$70,540	$1,966,382	(tO_)J	

Expenses						
Interest - 11/1	$239,988	$239,988	$0	$239,988	$0	
Principal - 5/1	$255,000	$0	$0	$0	$0	
Interest - 5/1	$239,988	$0	$0	$0	$0	
Transfer Out	$0	$424,186	$70,540	$494,726	$0	
Transfer Out- Escrow	$0	$1,231,668	$0	$1,231,668	$0	

Total Expen ditJ ies	
$'34.975	
$1,8951842	
$70.540	
$119661382	so I	
Exces s Reven u ell(Expen dt.1185 )	$469,445	$0	!$0)	($0)	($0!1	

Stoneybroo k South
Community Development District

		Fiscal Year 2024
Series 2014 Debt Service Fund		
	Adopted	Actual	Projected	Total	Proposed	
	Budget
FY2023	Thru
2/28/23	Next7
Months	Thru
9/30/23	Budget
FY2024	

Revenues						
Special Assessments - Tax Roll	$1,040,511	$942,240	$0	$942,240	$1,040,511	
Interest Income	$1,500	$22,237	$0	$22,237	$1,500	
Carry Forward Surplus	$1,053,185	$1,064,502	$0	$1,064,502	$1,037,104	
Total Revenues	$210951196	$2,0281979	$0	$2,028,979	s2,019,11s I	

Expenses						
Interest - 11 /1	$344,619	$344,619	$0	$344,619	$337,256	
Principal -11/1	$310,000	$310,000	$0	$310,000	$325,000	
Interest - 5/1	$337,256	$0	$337,256	$337,256	$329,538	
Total Expenditures		$991,875	$654,619	$337,256 	$9911875	$991z794 I	
Excess Revenues/(Expenditures)	$1,103,321	$1,374,361	($337,256}	$11037,104	s1,081,322 1	
Principal• 11/1/2024	$340,000	
Interest -11/1/2024		$329,538 	
Total		$669,538 	

Net Assessment	
$1,040,511	
Collection Cost (6%)	$66,416	
Gross Assessment		$1,106,927 	

	!Property Tyl!!	Platted Units	Gross Per Unit	Gross Total	
					
	Townhome	181	$1,094	$197,969	
	Single Family 40"	82	$1,302	$106,771	
	Single Family 50"	491	$1,406	$690,469	
	Sin le Fami 80"	65	1718.75	$111;719	
	Total	819		$1,106,927	

Stoneybrook South Comm un it)[)evelopment District Series 2014, Special Assessment Bonds Assessment Area Two-A Project
(Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

5/1/23	12 660 000	$	$	337 256.25	$		
11/1/23	$ 12,660,000	$	325,000	$	337,256.25	$	999,512.50		
5/1/24	12,335 000		$	329 537.50			
11/1/24	$ 12,335,000	$	340,000	$	329,537.50	$	999,075.00		
5/1/25	$ 11,995,000	$	$	321,462.50	$		
11/1/25	$ 11,995,000	$	355,000	$	321,462.50	$	997,925.00		
5/1/26	$ 11,640,000	$	$	312,365.63	$		
11/1/26	$ 11,640,000	$	370,000	$	312,365.63	$	994,731.25		
5/1/27	$ 11,270,000	$	$	302,884.38	$		
11/1/27	$ 11,270,000	$	390,000	$	302,884.38	$	995,768.75		
5/1/28	$10,880,000	$	$	292,890.63	$		
11/1/28	$ 10,880,000	$	410,000	$	292,890.63	$	995,781.25		
5/1/29	$10,470,000	$	$	282,384.38	$		
11/1/29	$10,470,000	$	430,000	$	282,384.38	$	994,768.75		
5/1/30	$10,040,000	$	$	271,365.63	$		
11/1/30	$ 10,040,000	$	455,000	$	271,365.63	$	997,731.25		
5/1/31	$ 9,585,000	$	$	259,706.25	$		
11/1/31	$ 9,585,000	$	480,000	$	259,706.25	$	999,412.50		
5/1/32	$ 9,105,000	$	$	247,406.25	$		
11/1/32	$ 9,105,000	$	505,000	$	247,406.25	$	999,812.50		
5/1/33	$ 8,600,000	$	$	234,465.63	$		
11/1/33	$ 8,600,000	$	530,000	$	234,465.63	$	998,931.25		
5/1/34	$ 8,070,000	$	$	220,884.38	$		
11/1/34	$ 8,070,000	$	555,000	$	220,884.38	$	996,768.75		
5/1/35	$ 7,515,000	$	$	206,662.50	$		
11/1/35	$ 7,515,000	$	585,000	$	206,662.50	$	998,325.00		
5/1/36	$ 6,930,000	$	$	190,575.00	$		
11/1/36	$ 6,930,000	$	615,000	$	190,575.00	$	996,150.00		
5/1/37	$ 6,315,000	$	$	173,662.50	$		
11/1/37	$ 6,315,000	$	650,000	$	173,662.50	$	997,325.00		
5/1/38	$ 5,665,000	$	$	155,787.50	$		
11/1/38	$ 5,665,000	$	685,000	$	155,787.50	$	996,575.00		
5/1/39	$ 4,980,000	$	$	136,950.00	$		
11/1/39	$ 4,980,000	$	725,000	$	136,950.00	$	998,900.00		
5/1/40	$ 4,255,000	$	$	117,012.50	$		
11/1/40	$ 4,255,000	$	760,000	$	117,012.50	$	994,025.00		
5/1/41	$ 3,495,000	$	$	96,112.50	$		
11/1/41	$ 3,495,000	$	805,000	$	96,112.50	$	997,225.00		
5/1/42	$ 2,690,000	$	$	73,975.00	$		
11/1/42	$ 2,690,000	$	850,000	$	73,975.00	$	997,950.00		
5/1/43	$ 1,840,000	$	$	50,600.00	$		
11/1/43	$ 1,840,000	$	895,000	$	50,600.00	$	996,200.00		
5/1/44	$	945,000	$	$	25,987.50	$		
11/1/44	$	945,000	$	945,000	$	25,987.50	$	996,975.00		
	Totals	$	12,660,000	$	9,279,869	$ 21,939,sss.1s  I	

StoneybrookSouth
Com nunity Development District

		Fiscal Year 2024
Series 2023 Debt Service Fund		
	Proposed	Actual	Prqected	Total	Proposed	
	Budget	Thru	Next7	Thru	Budget	
	FY2023	2/28/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments - Tax Roll	$0	$0	$0	$0	$581,771	
Bond Proceeds	$6,394,000	$6,394,000	$0	$6,394,000	$0	
Interest Income	$0	$0	$500	$500	$1,000	
Transfer In	$494,726	$424,186	$70,540	$494,726	$0	
Carry Foiward Surplus	$0	$0	$0	$0	$201,480	
Total Revenues	$6,8118 ,726	$6,818,186	$ 711040	$6,ll!S ,226	$784,251	

Expenses						
Interest - 11/1	$0	$0	$0	$0	$158,252	
Principal - 5/1	$0	$0	$0	$0	$272,000	
Interest - 5/1	$72,972	$0	$72,972	$72,972	$158,252	
Other Debi Service Costs	$220,775	$219,275	$1,500	$220,775	$0	
Transfer Out - Escrow	$6,394,000	$6,394,000	$0	$6,394,000	$0	
Total Expenditures		$6,687,747 	$616131275	$74,472		$6,687,747		ssllB lso3 I	
Exe ess R evenues/(Expenditures)		$200,979	$l04,911		($3,432)	$201,480	s1ss,148 I	
			
Interest -11/1/2024	
$151,520	
			Total	
	$151,520	
			
Net Assessment	
$581,771	
			Collection Cost (6%)	$37,134	
			Gross Assessment	
	$618,905 	
	IProee	Tyl!!	Platted Units	Gross Per Unit	Gross Total	
	Apartment	304	$117	$35,519	
	Condo ••	162	$771	$124,871	
	Single Family 50'	207	$1,095	$226,742	
	Sin le Fami 60'	197	1176.510638	$231,773	
	Total	870		$618,905	

••5 Condo units have prepaid their debt service assessment

Stoneybrook South Community Development District Series 2023, Special Assessment Refunding Bonds Assessment Area One Project
(Term Bonds Due 5/1/2039)

Amortization Schedule

	Date	Balance	Coupon	Principal	Interest	Annual

5/1/23	$ 6 394 000	4.950%	$	$  72 971.53	$	
11/1/23	$6,394,000	4.950%	$	$158,251.50	$	231,223.03	
5/1/24	$6,394 000	4.950%	$	272 000	$ 158 251.50	$	
11/1/24	$6,122,000	4.950%	$	$151,519.50	$	581,771.00	
5/1/25	$6,122,000	4.950%	$	284,000	$151,519.50	$	
11/1/25	$5,838,000	4.950%	$	$ 144,490.50	$	580,010.00	
5/1/26	$5,838,000	4.950%	$	296,000	$144,490.50	$	
11/1/26	$5,542,000	4.950%	$	$137,164.50	$	577,655.00	
5/1/27	$5,542,000	4.950%	$	311,000	$137,164.50	$	
11/1/27	$5,231,000	4.950%	$	$129,467.25	$	577,631.75	
5/1/28	$5,231,000	4.950%	$	329,000	$ 129,467.25	$	
11/1/28	$4,902,000	4.950%	$	$ 121,324.50	$	579,791.75	
5/1/29	$4,902,000	4.950%	$	343,000	$ 121,324.50	$	
11/1/29	$4,559,000	4.950%	$	$ 112,835.25	$	577,159.75	
5/1/30	$4,559,000	4.950%	$	361,000	$ 112,835.25	$	
11/1/30	$4,198,000	4.950%	$	$ 103,900.50	$	577,735.75	
5/1/31	$4,198,000	4.950%	$	382,000	$ 103,900.50	$	
11/1/31	$3,816,000	4.950%	$	$  94,446.00	$	580,346.50	
5/1/32	$3,816,000	4.950%	$	399,000	$  94,446.00	$	
11/1/32	$3,417,000	4.950%	$	$  84,570.75	$	578,016.75	
5/1/33	$3,417,000	4.950%	$	419,000	$  84,570.75	$	
11/1/33	$2,998,000	4.950%	$	$  74,200.50	$	577,771.25	
5/1/34	$2,998,000	4.950%	$	439,000	$  74,200.50	$	
11/1/34	$2,559,000	4.950%	$	$  63,335.25	$	576,535.75	
5/1/35	$2,559,000	4.950%	$	462,000	$  63,335.25	$	
11/1/35	$2,097,000	4.950%	$	$  51,900.75	$	577,236.00	
5/1/36	$2,097,000	4.950%	$	489,000	$  51,900.75	$	
11/1/36	$1,608,000	4.950%	$	$  39,798.00	$	580,698.75	
5/1/37	$1,608,000	4.950%	$	510,000	$  39,798.00	$	
11/1/37	$1,098,000	4.950%	$	$  27,175.50	$	576,973.50	
5/1/38	$1,098,000	4.950%	$	535,000	$  27,175.50	$	
11/1/38	$	563,000	4.950%	$	$  13,934.25	$	576,109.75	
5/1/39	$	563,000	4.950%	$	563,000	$  13,934.25	$	
11/1/39	$	4.950%	$	$	$	576,934.25	

Totals			
$6,394,000	$  3,089,601	s 9,4s3,&oo.s3 I	

SECTION 8

The Lake Doctors, Inc.
Aquatic Management Services	"'

Water Management Agreement

3543 State Road 419 Winter Springs, Fl32708
407-327-7918

JABn15285

This Agreement, made this 	day of 	20_is between The Lake Doctors, Inc., a Florida Corporation, hereinafter called "THE LAKE DOCTORS" and
PROPERTY NAME (Community/Business/Individual) 	

MANAGEMENT COMPANY 	 _

INVOICING ADDRESS 	 _

CITY 	 STATE 	ZIP 	PHONE (		

EMAIL ADDRESS	EMAIL INVOICE: YES OR NO

THIRD PARTY COMPLIANCE/REGISTRATION: YES OR NO	THIRD PARTY INVOICING PORTAL: YES OR NO
**If a Third Party Compliance/Registration or an Invoice Portal is required; it is the customer's responsibility to provide the information.

Hereinafter called "CUSTOMER" The parties hereto agree to follows:

REQUESTED START DATE: May 11 2023 PURCHASE ORDER#:	

THE LAKE DOCTORS agrees to manage certain lakes and/or waterways for a period of sixteen (16) months from the date of execution of this Agreement in accordance with the terms and conditions of this Agreement in the following location(s):
Four (4) ponds associated with STONEYBROOK SOUTH COMM DEV DISTRICT, Davenport, FL
Includes a minimum of twelve (12) inspections and/or treatments, as necessary, for control and prevention of noxious aquatic weeds and algae.
CUSTOMER agrees to pay THE LAKE DOCTORS, its agents or assigns, the following sum for specified aquatic management services:

Underwater and Floating Vegetation Control Program
Shoreline Grass and Brush Control Program
Free Callback Service
Monthly Written Service Reports
Additional Treatments, if required Total of Services Accepted

$	 172.00 Monthly
$	 INCLUDED	
$	 INCLUDED	
$	 INCLUDED	
$	 INCLUDED	
$	172.00 Monthly

$172.00 of the above sum-total shall be due and payable upon execution of this Agreement, the balance shall be payable in advance in monthly installments of $172.00 including any additional costs such as sales taxes, permitting fees, monitoring, reporting, water testing and related costs mandated by any governmental or regulatory body related to service under this Agreement.
THE LAKE DOCTORS uses products which, in its sole discretion, will provide effective and safe results.

THE LAKE DOCTORS agrees to commence treatment within fifteen (15) business days, weather permitting, from the date of receipt of this executed Agreement plus initial deposit and/or required government permits.

The offer contained herein is withdrawn and this Agreement shall have no further force and effect unless executed and returned by CUSTOMER to THE LAKE DOCTORS on or before April 15, 2023.

The terms and conditions appearing on the reverse side form an integral part of this Agreement, and CUSTOMER hereby acknowledges that he has read and is familiar with the contents thereof. Agreement must be returned in its entirety to be considered valid.

THE LAKE DOCTORS, INC.
/
Jonathan Bandy SALES MANAGER

CUSTOMER

Signed 	 Dated 			_ Name			

TERMS AND CONDITIONS
The Underwater and Floating Vegetation Control Program will be conducted in a manner consis1ent with good water management practice using the following methods and techniques when applicable.
Periodic treatments to maintain control of noxious submersed, floating and emersed aquatic vegetation and algae. CUSTOMER understands that some beneficial vegetation may be required in a body of water to maintain a balanced aquatic ecological system.
Detennination of dissolved oxygen levels prior to treatment, as deemed necessary, to ensure that oxygen level is high enough to allow safe treatment. Additional routine water analysis and/or bacteriological analysis may be perfonned if required for success of the water management program.
'II/here applicable, treatment of only one-half or less of the entire body of water at any one time to ensure safety to fish and other aquatic life. However, THE LAKE DOCTORS shall not be liable for loss of any exotic or non-native fish or vegetation. Customer must also notify THE LAKE DOCTORS if any exotic fish exist In lake or pond prior to treatment.
CUSTOMER unders1ands and agrees that for the best effectiveness and environmental safety, materials used by THE LAKE DOCTORS may be used at rates equal to or lower than maximum label recommendations.
Triploid grass carp stocking, if included, will be perfonned at stocking rates detennined the Florida Fish and Wildlife Conservation Commission pennit guidelines.
CUSTOMER agrees to provide adequate access. Failure to provide adequate access may require re-negotiation or tennlnatlon of this Agreement.
Control of some weeds may take 30-90 days depending upon species, materials used and environmental factors.
'II/hen deemed necessary by THE LAKE DOCTORS and approved by CUSTOMER, the planting and/or nurturing of certain varieties of plants, which for various reasons, help to maintain ecological balance.

Under the Shoreline Grass and Brush Control Program, THE LAKE DOCTORS will treat border vegetation to the water's edge Including, but not limned to torpedograss, cattails, and other emergent vegetation such as woody brush and broadleaf weeds. Many of these species take several months or longer to fully decompose. CUSTOMER is responsible for any desired physical cutting and removal.

CUSTOMER agrees to inform THE LAKE DOCTORS in writing if any lake or pond areas have been or are scheduled to be mitigated (planted with required or beneficial aquatic vegetation). THE LAKE DOCTORS assumes no responsibility for damage to aquatic plants if CUSTOMER fails to provide such infonnation in a timely manner. Emergent weed control may not be perfonned within mitigated areas, new or exls1ing, unless specifically stated by separate contract or modification of this Agreement. CUSTOMER also agrees to notify THE LAKE DOCTORS, in writing, of any conditions which may affect the scope of work and CUSTOMER agrees to pay any resultant higher direct cost incurred.

If at any time during the tenn of this Agreement, CUSTOMER feels THE LAKE DOCTORS is not perfonning in a satisfactory manner, or in accordance with the tenns of this Agreement, CUSTOMER shall inform THE LAKE DOCTORS, in writing, stating with particularity the reasons for CUSTOMER'S dissatisfaction. THE LAKE DOCTORS shall investigate and attempt to cure the defect. If, after 30 days from the giving of the original notice, CUSTOMER continues to feel THE LAKE DOCTORS perfonnance is unsatisfactory, CUSTOMER may tenninate this Agreement by giving notice ("Second Notice") to THE LAKE DOCTORS and paying all monies owing to the effective date of tennination. In this event, the effective date of tennination shall be the las! day of the month in which said second notice is received by THE LAKE DOCTORS.

Federal and State regulations require that various water time-use restrictions be observed during and following some treatments. THE LAKE DOCTORS will notify CUSTOMER of such restrictions. It shall be CUSTOMER responsibility to observe the res1rictions throughout the required period. CUSTOMER understands and agrees that, notwithstanding any other provision of the Agreement, THE LAKE DOCTORS does not assume any liabillty for failure by any party to be notified of, or to observe, the above regulations.

THE LAKE DOCTORS shall maintain the following insurance coverage and limlts: (a) Workman's Compensation wHh statutory limits; (b) Automobile Liability; (c) Comprehensive General Liability, including Pollution Liability, Property Damage, Completed Operations and Product Liability. A Certificate of Insurance will be provided upon request. A Certificate of Insurance naming CUSTOMER as "Additional Insured" may be provided at CUSTOMER'S request. CUSTOMER agrees to pay for any additional costs of insurance requirements over and above that is provided by THE LAKE DOCTORS.

Neither party shall be responsible for damages, penalties or otherwise for any failure or delay in perfonnance of any of its obligations hereunder caused by strikes, riots, war, acts of God, accidents, governmental orders and regulations, curtailment or failure to obtain sufficient material, or other force majeure condition (whether or not of the same class or kind as those set forth above) beyond its reasonable control and which, by the exercise of due diligence, tt is unable to overcome. Should THE LAKE DOCTORS be prohibited, restricted or otherwise prevented or impaired from rendering specified services by any condition, THE LAKE DOCTORS shall notify CUSTOMER of said condition and of the excess direct costs arising there from. CUSTOMER shall have thirty (30) days after receipt of said notice to notify THE LAKE DOCTORS in writing of any inability to comply with excess direct costs as requested by THE LAKE DOCTORS.

CUSTOMER warrants that he or she Is authorized to execute the Water Management Agreement on behalf of the riparian owner and to hold THE LAKE DOCTORS hannless for consequences of such service not arising out of the sole negligence of THE LAKE DOCTORS.

CUSTOMER understands that, for convenience, the annual investment amount has been spread over a twelve-month period and that individual monthly billings do not reflect the fluctuating seasonal costs of service. If CUSTOMER places their account on hold, an additional start-up charge may be required due to aquatic re-growth.

10} THE LAKE DOCTORS agrees to hold CUSTOMER hannless from any loss, damage or claims arising out of the sole negligence of THE LAKE DOCTORS. However, THE LAKE DOCTORS shall in no event be liable to CUSTOMER or others for Indirect, special or consequential damages resulting from any cause whatsoever.

11) Upon completion of the term of this Agreement, or any extension thereof, this Agreement shall be automatically extended for a period equal to its original tenn unless tenninated by either party. If required, THE LAKE DOCTORS may adjust the monthly investment amount after the original tenn. THE LAKE DOCTORS will submit written notification to CUSTOMER 30 days prior to effective date of adjustment. If CUSTOMER is unable to comply with the adjus1ment, THE LAKE DOCTORS shall be notified immediately in order to seek a resolution.

12} THE LAKE DOCTORS may cancel this agreement with or without cause by 30-day written notice to customer.

Should CUSTOMER become delinquent, THE LAKE DOCTORS may place the account on hold for non-payment and CUSTOMER will continue to be responsible for the monthly investment amount even if the account is placed on hold. Service may be reinstated once the entire past due balance has been received in full. Should it become necessary for THE LAKE DOCTORS to bring action for collection of monies due and owing under this Agreement, CUSTOMER agrees to pay collection costs, including, but not limited to, reasonable attorneys fee (including those on appeal) and court costs, and all other expenses incurred by THE LAKE DOCTORS resulting from such collection action.

This Agreement is assignable by CUSTOMER upon written consent by THE LAKE DOCTORS.

This Agreement constitutes the entire agreement of the parties hereto and shall be valid upon acceptance by THE LAKE DOCTORS Corporate Office. No oral or written alterations or modifications of the tenns contained herein shall be valid unless made In writing and accepted by an authorized representative of both THE LAKE DOCTORS and CUSTOMER.

If Agreement includes trash/debris removal, THE LAKE DOCTORS will perfonn the following: removal of casual trash such as cups, plastic bags and other man-made materials up to 20 lbs. dunng regularw scheduled service visits. Large or dangerous items such as biohazards and landscape debris will not be included.
CUSTOMER agrees to reimburse THE LAKE DOCTORS for all processing fees for registering with third party companies for compliance monitoring services and/or invoicing portal fees.

SECTION V

SECTION D

April 3, 2023
Alan Scheerer - Field Services Manager GMS

Stoneybrook South CDD Field Management Report I GMS 2023

Stoneybrook South Community Development District

Field Management Report April 3, 2023

To:		George Flint District Manager
From:	Alan Scheerer
Field Services Manager

RE:	Stoneybrook South COD- April 3, 2023
The following is a summary of items related to the field operations and management of the Stoneybrook South Community Development District.

Architectural fountain is working fine. Lights are working as of this report.

a Stoneybrook South CDD Field Management Report I GMS 2023

.	.	-	.  ...	.	. -	.1

-	-	-           --

Irrigation Inspections ongoing. Repairs made as needed.

Terry's electric completed the work on both the Bella Citta monument and the Westside Blvd Monument lighting. All monument lights are working as of this report.

All fountains working as of this report.

Two storm inlet covers have been reset on Deuce Circle.

Dead palm as you exit Oasis Club to Bella Citta has been removed. Staff is working on a replacement plan

Staff continues to meet with DTE to review the property and all landscape and irrigation.
Repairs to irrigation system completed as approved. We had two main line irrigation breaks which have since been repaired.
The detail crew will be trimming hedges and pulling weeds as well as removing suckers from trees. F&P crews continue to work on turf and plants.
Selective weed control on St. Augustine property wide. Dry ponds are being disked.
New annuals were installed however they did suffer some minor damage due to the freeze.
We have begun removing Juniper at some of the entrances. I am working with DTE on a replacement plan.
There is a dead palm as you exit Oasis Club to Bella Citta. It has been removed and we will look to either replace the palm or flush cut it and sod.
A dead Washingtonian palm was removed by the entrance to the Plaza.

For any questions or comments regarding the above information, please contact me by phone at 407-398-2890, or by email at ascheerer@gmscfl.com Thank you.

Respectfully, Alan Scheerer