Stoneybrook South Community Development District
Agenda August 7, 2023

AGENDA

Stoneybrook South
Community Development District

219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

July 31, 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, August 7, 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
Organizational Matters
Appointment of Individual in Seat #5 with a Term Ending November 2026
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2023-10 Electing Officers
Business Administration
Approval of Minutes of the June 5, 2023 Meeting
Consideration of Check Register
Balance Sheet and Income Statement
Public Hearing
Consideration of Resolution 2023-07 Adopting the Fiscal Year 2024 Budget and Relating to the Annual Appropriations
Consideration of Resolution 2023-08 Imposing Special Assessments and Certifying an Assessment Roll
Business Items
Consideration of Landscape Maintenance Agreement with Stoneybrook South at ChampionsGate CDD and Floralawn, Inc.
Consideration of Resolution 2023-09 Designating Bank Signatories
Presentation of Arbitrage Rebate Calculation Reports for the Series 2013 & 2014 Bonds
Discussion and Approval of Fiscal Year 2024 Meeting Schedule
Staff Reports
District Counsel
District Engineer

Presentation of Annual Report
Approval of Assignment and	Assumption of District Engineering Agreement with Madden, Moorhead, & Stokes, LLC
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 Ill

Section C

RESOLUTION 2023-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Stoneybrook South Community Development District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the District.

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

Section 1.		 is elected Chairperson.

Section 2.		 is elected Vice-Chairperson.

Section 3.		 is elected Secretary.

Section 4.		 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.

Section 5.		 is elected Treasurer.

Section 6.		 is elected Assistant Treasurer.
	 is elected Assistant Treasurer.

Section 7.	This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 7th day of August, 2023.

ATTEST:	STONEYBROOK		SOUTH COMMUNITY	DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

Section IV

Section A

MINUTES OF MEETING STONEYBROOK SOUTH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Stoneybrook South Community Development District was held Monday, June 5, 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	Chairman
Robert DiCocco	Vice Chairman (resigned at end of meeting)
Chris Manjourides	Assistant Secretary
Terry Siron	Assistant Secretary
Ron Philips	Assistant Secretary Also present were:
George Flint	District Manager
Vivek Babbar	District Counsel
Amanda Udstad	District Engineer
Alan Scheerer	Field Manager
Nina Morales	ICON Management

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order. Five Board members were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: Next is public comment period. We have a representative of Yellowstone here and United Land. Are there any public comments? Otherwise, there is staff, HOA and Board members present here.

THIRD ORDER OF BUSINESS	Business Administration
Approval of Minutes of the April 3, 2023 Meeting
Mr. Flint: We have approval of the minutes from the April 3rd meeting. Did the Board have any comments or corrections to the minutes. Is there a motion to approve them?

June 5, 2023	Stoneybrook South CDD

On MOTION by Mr. DiCocco, seconded by Mr. Siron, with all in favor, the Minutes of the April 3, 2023 Meeting, were approved.

Consideration of Check Register
Mr. Flint: Next, we have the check register from March 27th through May 30th for the General Fund and Board pay, it totals $172, 734.02. The detail is behind the register summary.

On MOTION by Mr. Nembirkow, seconded by Mr. Siron, with all in favor, the Check Register from March 27, 2023 through May 30th, 2023, was approved.

Balance Sheet and Income Statement
Mr. Flint: Next is the unaudited financials through April 30th. There is no action required on these. You have the combined balance showing the General Fund, Capital Reserve Fund, and Debt Service Fund and then statements of revenue and expenditures for each fund. As of April 30th, we have collected $801,000 of the $845,000 that was certified for collection on the tax roll so some of those tax bills will likely go to tax certificate sale. We will be 100% collected in June and any tax bills that are not paid will get a tax certificate sale when those get bought and then we end up getting our money at that point. Historically, there has not been an issue with that being on the tax roll.
Mr. Nembirkow: Did you get a count on the unpaid?
Mr. Flint: We don’t get the specific lots but could possibly ask the County. When we use the tax bill, we hand it over to them and it is their responsibility as we are not involved in that part of it. We do not monitor individual properties because once we use the tax bill, we turn enforcement over to them so we don’t enforce collection if someone did not pay their tax bill. We do not do it directly; the property appraiser and tax collector do.
Mr. Nembirkow: I was wondering what percentage?
Mr. Flint: The last schedule on page eight of the financials is the receipts schedule so I will figure out the map and get back with you. They are normally over 100%, around 102% or so collected because they have to allow for early payments so to collect $100, they assess $106 and that covers the 2% collection cost and the 4% discount so if you pay in November, you get a 4% discount. The 4% discount has to be allowed for because the $100 has to be collected. Normally they are 100% collected with no problem. This last disbursement from the count was on May 10th

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and we will see it some again in June once the tax certificate sale occurs. He noted the next financials will show where they stand on that.
Mr. Nembirkow: Can people pay quarterly?
Mr. Flint: Most people pay in November. We see the vast majority of assessment revenue in early December because everyone wants to get the 4% discount. If they have a mortgage on their property and their funds are escrowed, the banks always pay in November as well.

FOURTH ORDER OF BUSINESS	Business Items
Consideration of Interlocal Agreement with Stoneybrook South at ChampionsGate CDD
Mr. Flint: At the last meeting we presented an interlocal agreement between Stoneybrook South and Stoneybrook South at ChampionsGate where we would basically pull all of the maintenance related costs and then allocate them back out based on platted lots. One of the reasons that benefits this District significantly is the fact that you are looking at a potential increase in our assessments. The developer originally wanted the other CDD and this CDD to have the same assessment levels for O&M so a 60’ lot in this District and 60’ lot at Stoneybrook South at ChampionsGate has been paying the same. What has happened in this District over the last few years is we have been balancing the budget using cash carry forward, a portion of the cash carryforward, to balance the budget to keep the assessment levels the same and that was fine because you had a significant amount of cash and still do primarily because there was some impact fee reimbursements that came back to the CDD that were deposited and kept with the CDD versus going back to the developer so when some of the infrastructure was built, it was impact fee creditable and basically since the CDD issued bonds to build that infrastructure, we were the entity that got the impact fee money back when it was paid. When you go back and look at the financials, you look at the balance sheet, you will see that in the general fund you have got in the capital reserve $1.285 million sitting there in a capital reserve and that is the second column on your balance sheet and really that is because of those impact fee money that came back to the CDD. You all are in a good cash position to be able to balance your budget without increasing assessments but coming into this year, we were looking at getting to a point where you probably do not want to use any more cash and you are looking at a potential increase in his assessments. We suggested rather than doing that is look at the community as one community and pull all of the costs then allocate them out based on the number of homes in each CDD which is a more equitable

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way to share those costs. That is what this Interlocal Agreement does and would be effective on October 1st and is an agreement between Stoneybrook South CDD and Stoneybrook South at ChampionsGate CDD. The budgets for all of the costs related to the stormwater ponds, the landscape tracts, street lighting, and maintenance of the open space tracts would be combined and then allocated back out. The first exhibit to this is the legal descriptions from both CDD’s. The second exhibit is a list of the types of facilities that are being maintained and costs that are shared. Exhibit C is a general list of the types of costs associated. One item that I would ask the Board to strike from that would be security which is the second item and does not apply to this community. At some point, we could hire security to patrol the ponds and that might be a shared cost but this is based off of two other CDD’s that have entered into a similar arrangement. You all will approve the actual expenses when you adopt your budgets. Both Boards will adopt budgets with the budgeted maintenance cost included in that budget and that is what will determine what gets shared. The same agreement will be on the other CDD’s agenda after this meeting for them to consider as well. If you want before you take action on this, we can go over the revised proposed budget and it might help you understand the effect of this. Jump to page 54 of the PDF, the revised proposed, look at the revenue and see the current year adopted budget we used $210,000 to balance the general fund budget. The proposed budget for FY24 in this version we are using $18,000. Depending on what decision you make on landscaping, that $18,000 will go to zero based on who you pick as your landscape contractor because the bids are lower than the current contracts. Under your current maintenance costs, you are going from $210,000 down to $18,000 to balance under your existing. If you pick one of the lower cost landscapers, that will actually go down to zero and that 18 will go away and you will be able to balance it on your existing assessment levels. The first section is administrative and is not really impacted by the Interlocal Agreement. The second section which is operations and maintenance, all of the 19 line items listed are based on a proration of costs which are at the bottom of the next page. At the bottom of page two you see the shared cost table, both Districts maintenance costs have been combined and then we allocate them back out based on the number of units. Stoneybrook South would get 47% of the share and Stoneybrook South at ChampionsGate 53%. You are definitely looking at $200,000 increase in assessments if you don’t do this. If you do this, you are able to balance your budget with no increase. Depending on what you do on your landscape maintenance contract, you will be able to transfer out money to

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your capital reserve. This version has zero because it is based on your current contract. Vivek, anything you want to add?
Mr. Babbar: You covered it great. The only thing to point out is like with any governmental payment timelines. I wanted to make sure the Board is aware of that. I do not see that as an issue as we have always had a good relationship with the other CDD but there is required mediation and then a required termination provision which would be effective one year after the termination provision is given. Everything else is standard language, shared agreement versus standard agreement.
Mr. Flint: Vivek wants the Board to be aware of the termination provisions that are in this agreement. Usually in this type of agreement they are a little tougher to dissolve because both Districts are adopting budgets based on this agreement being in place entering into contracts based on the agreement being in place so the notice of termination must be provided. There is a process if there is a dispute, how the dispute would be handled. They would start out with a joint meeting of both CDD Boards, etc. If for some reason one CDD wanted to end up terminating this agreement and go back to we are going to pay our costs, you pay your costs then there needs to be a notice of termination given and then there is a 12-month lead time on terminating it because basically if we are going to terminate the agreement then we have to build in the timing of being able to adopt a new budget and enter into new contracts. Both Districts have the same termination provisions and would have to live by the same terms. Our typical contracts have a 30 day without cause termination provision but this is not a typical contract. This would require more time to unravel if one party or the other wanted to get out of it.
Mr. Nembirkow: What could go wrong on our side that we would have to pay more money?
They don’t have a deficit, do they?
Mr. Flint: No. You can see because your budget is able to go down by $200,000 and their assessments are not changing as they are able to enter into this agreement. They are generating
$200,000 more than they need.
Mr. Siron: Have all of their units been platted yet?
Mr. Flint: It is a small number. There are some additional units that would be platted so their percentage is probably going to go up a little more. Once those units are platted, that 53 may go up to 55.
Mr. Siron: Do they have to go by this agreement too?

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Mr. Flint: Yes, and in my discussions with that Board, they are in favor of this concept so I do not expect there would be any issue with that. Their per unit amount is going to be the same. They are generating excess revenue under the current assessment levels so if you did not enter into this agreement, they would decrease their per unit assessments, you would have to increase yours and there would be disparity between both.
Mr. Nembirkow: It’s easy for us to say yes because we are going to save money but for them, they are going to actually lose a little money.
Mr. Flint: The concept is you look at it as one community instead of looking at it as two separate and then calculate the cost based on one community. The Master Association covers the whole area. Any questions or comments on the Interlocal Agreement? This does not affect the governance at all as it is just a cost share agreement.

On MOTION by Mr. Nembirkow, seconded by Mr. Siron, with all in favor, the Interlocal Agreement with Stoneybrook South at ChampionsGate CDD in substantial form, was approved.

Presentation of Joint Landscape RFP 2023-01 Responses and Selection of Vendor to Provide Landscape Maintenance Services
Mr. Flint: A few years ago, we did a joint landscape RFP which included both CDD’s, the Master Association at that time included the retreat country club, the condo associations and Lennar that owns the Oasis Club so we went through that whole process and we selected Down 2 Earth who at that time was the current provider so basically continued to use them. Recently, you all authorized us to reissue the landscape RFP and we went through the same joint bidding process, the only exception being the country club transitioned to a resident Board so they have already on their own bid out landscaping and they selected United Land as their provider. They are not using Down 2 Earth but everyone else is using Down 2 Earth. We use basically the same scope of work that we used three years ago. We issued the RFP on April 14th and placed a notice in the newspaper and also sent it out to probably half a dozen companies and anyone who responded to the legal ad in the newspaper was also provided a copy of the RFP. We had a mandatory pre-bid conference on May 1st where we went through the RFP document, all of the maps, cost sheets, scoring criteria, etc. and then had a bid opening on May 19th which was a sealed bid opening because of the dollar amount. Those were received in my office and were opened on the 19th. As a result of the bid process, we received six bids Arazoza, Brightview, Down 2 Earth, Floralawn, United Land, and

June 5, 2023	Stoneybrook South CDD

Yellowstone all responded and I provided to you. The first sheet is the scoring criteria and the bidder is down the left-hand column. I provided you with a cost table that summarizes the costs by major schedule. There are schedules A-E that the bidders had to fill out and these are just summarizing the bottom lines of each of those schedules. This is the evaluation criteria that was in the agenda and that includes personnel at 25 points, experience at 25 points, understanding of the scope at 25 points, financial capability is 10 and price is broken into 15 points, 10 points is formula driven based on the dollar amount and then five points is on the reasonableness of the unit prices. We went ahead on a staff level and went through all of the proposals and came up with a staff recommended ranking and scoring. This is based solely on Stoneybrook South not the combined Stoneybrook South and ChampionsGate. You can see based on going through each one of these criteria and each one of the bidders, how staff ranked them. We had Floralawn number one with 95.3 points, Yellowstone number two with 93.46, United Land at 92.3, Down 2 Earth at 90.51, Arazoza at 89 and then Brightview at 79. You have the option of either adopting the staff recommendations or if you want to go through the process of ranking them. You can rank them individually and I can tally and score them that way or if an individual Board members rank them the Board can adopt a consensus ranking of one of the Board members. Ultimately the Board is the entity that has to rank them and you can do that by adopting our ranking criteria or you can create your own ranking.
Mr. Manjourides: Your ranking of these six entities is based on obviously the criteria set forth but also past knowledge of?
Mr. Flint: Yes, personnel experience, understanding a scope, financial capability all come into play and our knowledge of these companies as well.
Mr. Siron: Could you give us your knowledge of the top three companies?
Mr. Flint: You can see on personnel that all of the companies except for Arazoza are 23 out of 25. Arazoza is a newer company in this market and we are not familiar with them. We did not think their proposal demonstrated the level that would rise up to the level of these other companies that have a presence in Central Florida. You can see in experience the top three we ranked evenly. Understanding a scope Floralawn and Yellowstone both got 24, United Land got 22 because I think they left out some documents.
Mr. Scheerer: United Land got a lower grade on understanding the scope based on those documents not being included.

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Mr. Flint: Financial ability, we ranked everyone at 10. We believe they are all capable of providing the service and the limited financial information that they are able to provide demonstrates that they are stable. Price is formula driven. The highest price gets zero and the lowest gets 10 and then the others one is calculated. It is a formula and that calculation is attached. Ten out of the 15 on price if formula driven and then five of it is unreasonableness of the unit pricing and Floralawn’s unit pricing we gave five and gave United and Yellowstone four each. It looked like Floralawn’s numbers were more complete and more consistent.
Mr. Siron: If you look at the one, two and three ranked in the last two categories price and reasonable unit price there, they are lumped together pretty much versus the others and that is a sign they are thinking alike.
Mr. Flint: We work with all of these with the exception of Arazoza. Brightview is the biggest landscape company in the country. We do not personally work with them a lot. We have them on two Central Florida CDD’s. Down 2 Earth, Floralawn, United Land, and Yellowstone do the vast majority of the work in the CDD’s that we are familiar with. We are comfortable with any of those companies which are ranked as the top four but it really came down to Floralawn we felt was the number one ranked. From a pricing perspective, Floralawn was at 268,224 and were neck and neck with United Land. This is only for our section. The next sheet is the combined. The only difference from a staff perspective on the ranking is the price. Floralawn is relatively lower than all of the other bidders in the other CDD.
Mr. Siron: If we go with the combined, are they going to pay half? Mr. Flint: They are going to pay 53%.
Mr. Flint: You may have what you think is the best company but depending on the project manager, we may have issues but that is our job to beat up on until they do a good job or replace the project manager.
Mr. Flint: The options are you can accept staff rankings or you can develop your own rankings. The rankings have to be yours whether you adopt what we handed you or you prepare your own. Ultimately, you are making the decision and for the record we talked about these evaluation criteria and these are in the RFP, again price is only 15% of this evaluation. The other 85% are other factors.
Mr. Siron: Going back to the scope of work, United did not provide all of the information so they were obviously downgraded in the scope of work.

June 5, 2023	Stoneybrook South CDD

Mr. Scheerer: They were downgraded on understanding the scope of work. Down 2 Earth also did not include the same document.
Mr. Siron: From my experience, United has done a good job after Down 2 Earth fell down so that is the only one that we have personal experience with.
Mr. Flint: Part of the problem with United is on some of the other criteria they fall short and on price they were not the lowest either. I believe the HOA is hiring Floralawn also. The other parties to the joint RFP don’t have to comply with the legal requirements the CDD does. They don’t have to go through the ranking process.
Mr. Manjourides: When do they start?
Mr. Flint: I think they indicated they can start September 1st.

On MOTION by Mr. Siron, seconded by Mr. Manjourides, with all in favor, the Joint Landscape RFP 2023-01 Consensus Ranking and Selection of Floralawn, Inc. to Provide Landscape Maintenance Services, was approved.

Consideration of Revised Fiscal Year 2024 Proposed Budget
Mr. Flint: I have explained how this revision has been made and the only thing now is you have approved the landscape contractor because we did not want to assume you were going to select one firm or another so the costs that are in here are your Down 2 Earth costs. Now that you have selected Floralawn, if were to incorporate Floralawn’s cost into this budget, basically it would eliminate your carry forward surplus on your revenue side so that $18,838 that is showing up can go away and there is a transfer out to capital reserve of $37,903. By hiring Floralawn, you eliminate the use of $18,000 to balance your budget then you are able to contribute almost $38,000 to your reserve fund where before it was zero. If you are comfortable with that, I would ask you to approve the revised proposed budget subject to incorporation of Floralawn’s cost. Vivek, do you think the revised budget needs to be done by resolution?
Mr. Vivek: Not at this time because we are having our final public hearing in July. We will adopt the final one at that point since we are not going up obviously and it is just changing line items.
Mr. Flint: If the Board would approve the revised budget subject to Floralawn’s numbers, we can do it by motion and then will bring back for the hearing the revised.

June 5, 2023	Stoneybrook South CDD

On MOTION by Mr. Nembirkow, seconded by Mr. Siron, with all in favor, the Revised Fiscal Year 2024 Proposed Budget, was approved.

Review and Acceptance of Fiscal Year 2022 Audit Report
Mr. Flint: The CDD as a government entity is required to have an annual independent audit performed and you all selected Berger Toombs so they have prepared the audit. If you refer to the report to management which starts on page 34, if there are any findings or recommendations in their audit they would be indicated there. It is a clean audit. They found we complied with all of the provisions of the Auditor General that they are required to review and there were no issues found during the course of their audit. If there are any questions, we can discuss those otherwise asking for a motion to accept the audit and ratify its transmittal to the State of Florida.

On MOTION by Mr. Manjourides, seconded by Mr. Nembirkow, with all in favor, Acceptance of Fiscal Year 2022 Audit Report, was approved.

Consideration of Special Warranty Deed for Conveyance of Real Property and Improvements from Len-CG South, LLC
Mr. Flint: There are some parcels in the CDD in the developer’s name, Len-CG which is the legal entity and they were never conveyed to the CDD. They have the same issue with HOA’s. They are in the process of cleaning those up. We have been maintaining these areas and it’s not like they were new areas that we were not aware of. I would ask if you would approve it subject to review by the District Engineer as some of these may have already been conveyed to the District so just want to double check it all before it gets executed. I talked with Dave Reed this morning so would like to have it approved just because of the time sensitive nature but allow us to review it before it actually gets reported.

On MOTION by Mr. Manjourides, seconded by Mr. DiCocco, with all in favor, the Special Warranty Deed for Conveyance of Real Property and Improvements from Len-GC South, LLC, was approved.

Consideration of Resolution 2023-06 Designating Assistant Treasurer of the District
Mr. Flint: This resolution designates Darrin Mossing, Sr. as an Assistant Treasurer. He is the President of GMS, my business partner, and we are just putting him on as an Assistant Treasurer on the CDD’s that we manage. He takes an active role in managing our accounting group

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so if there is ever any issue with an accountant leaving that is assigned to this District it would at least give him the ability to administer the bank account. He is the majority shareholder in GMS and we are just adding him to all of the Districts.

On MOTION by Mr. Manjourides, seconded by Mr. Siron, with all in favor, Resolution 2023-06 Designating Darrin Mossing, Sr. as Assistant Treasurer of the District, was approved.

Presentation of Number of Registered Voters – 997
Mr. Flint: Each year we are required to announce the number as of April 15th and we are up to 997. It really does not have any impact on the District anymore since you have fully transitioned to resident control but we are still required to include it in the agenda.
Mr. Nembirkow: That is everybody?
Mr. Flint: I think you are billed out. You could end up with four people in a house versus one person. The number can change because it is the number of registered voters.

FIFTH ORDER OF BUSINESS	Staff Reports
District Counsel
Mr. Flint: Vivek, anything else?
Mr. Babbar: The first item is when you fill out Form 1, there is a question on there of whether you have done your ethics training. I have always told you that doesn’t apply because special District Board members have been exempt from having to take the ethics training, however there is a new law in place now that requires special District governing Board members to have four hours of ethics training a year. It goes into effect January 1st. It would be after January 1st that you would be required to do that. We will work with the Board to try to come up with the most painless way of doing this.
Mr. Siron: Is it online?
Mr. Flint: Likely you can do it online. We will get the information out to you. When you fill out the Form 1 that is July 1st this year, it still does not apply and you would still write N/A. The other thing he mentioned for violations of ethics issues, he said the penalty increases from
$10,000 to $20,000.

District Engineer
Mr. Flint: Anything Amanda?

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Ms. Udstad: About the Special Warranty Deed, apparently the Engineer says the Warranty Deed Looks fine.
Mr. Flint: I will get it signed today and get it to the attorney to record.

District Manager
Form 1: Statement of Financial Interests Filing Deadline Reminder – Due July 1st
Mr. Flint: This should have been mailed by the Supervisor or Elections around the beginning of the month. It is due July 1st. There is a grace period but do your best to try to get it filed. If you are a new Board member, you may not be in the system yet. You need to file it in a way that you have proof. You can email a PDF and they will send you back a confirming email. If mailing it, I would suggest certified. The post office tends to lose things sometimes and we have had Board members get fined because the Supervisor of Elections said they never received it. After the grace period is over, you can be fined $25 a day for a maximum of $1,500 for not filing it.

Field Manager
Mr. Flint: Alan, the Field Manager’s Report.
Mr. Scheerer: Included in the agenda packet is the Field Manager’s Report for June 5th. The architectural fountain is in good shape. Irrigation inspection and repairs are ongoing and those get approved by me as they identify those areas. We have had a couple of good-sized main line breaks that we have had to deal with as well as your neighbors at the other ChampionsGate CDD’s. All of the fountains are working. We did limb up all of the oak trees around the traffic circle so it makes getting around there a lot easier and a better line of site. We do have another dead palm tree as you are coming around the circle and headed toward Bella Citta and 27. There is a Washi there that is dead so we are already pricing replacement just like we did with the other palm trees on Palmetto Dunes. We just continue to meet with Down 2 Earth each week and go over all of their responsibilities. The detail crews are trimming the trees and doing a bunch of hedge work. They are still working on St. Augustine. We had some drought stress for a while but the irrigation and mother nature has helped us to get that recovered. We are working on the entrances especially the 27 entrance and West Side Blvd. with some of the old juniper. There is some old Loropetalum and I have approved a replacement plan for this one out here so we will be pulling some of that Juniper out and replacing it with some fresh landscaping and will do the same thing over at the 27 entrance.

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Mr. Manjourides: The tree on Bella Citta that was cut out, is there any replacement going in there?
Mr. Scheerer: We cannot replace it with the same tree which is the problem and that was a pretty expensive tree that went down so we are just weighing our options of whether or not we want to put another palm or put a blueberry or some other kind of tree in there. I am trying to stay away from any of the palm trees anymore as best we can. The fusarium seems to be catching up.
Mr. Manjourides: What about a Mule Palm? We just put them on 16th. Mr. Scheerer: I will ask.
Mr. Siron: The entrance to where I am has weeds growing all over. Mr. Scheerer: Not anymore.
Mr. Siron: The tree branches hit my head when walking.
Mr. Scheerer: It depends on where the trees are. The HOA should be lifting those. We typically like to keep the sidewalks around 8 ft., street trees at 14 to maintain the OT clearance. If Nina was here, she is part of the Master Association that is country club.
Mr. Flint: Is United Land still on? Mr. Scheerer: No, they are gone.
Mr. Scheerer: We have replaced those like three times. If I hold out long enough, that will be the HOA’s problem. The fountain is on schedule to be painted later this year. I have already met with the contractor on that and we have pricing not only to do the architectural fountain but all three of the main archways coming in as well.
Mr. Manjourides: How about the wall on 13th? Mr. Scheerer: That has been pressure washed.
Mr. Manjourides: Pressure wash knocks the pain off.
Mr. Scheerer: He does a soft wash on it. I am sure it is probably due for a painting.

SIXTH ORDER OF BUSINESS	Supervisor’s Requests
Mr. Flint: Supervisor’s requests. I have received a letter from Bob indicating that he resigns effective at the end of the meeting today. He can actually do it before the end of the meeting if you have someone that you want to appoint to replace him or we can have it effective after the meeting is adjourned and then we can put it on the next agenda. This is a process you all have been through before. The process is the remaining Board members appoint the replacement through the end of his term.

June 5, 2023	Stoneybrook South CDD

Mr. DiCocco: George, which form do I need to fill out?
Mr. Flint: The Form 1F, Stacie will email it to you. It looks a lot like Form 1. You have to file that within 60 days of resigning. You still have to do the Form 1. Is there a motion to accept Bob’s resignation?

On MOTION by Mr. Siron, seconded by Mr. Manjourides, with all in favor, Robert DiCocco’s Resignation, was accepted.

SEVENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Nembirkow, seconded by Mr. Siron, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section B

Stoneybrook South
Community Development District
Summary of Checks

May 30, 2023 to July 31, 2023

Bank	Date	Check #	Amount		

General Fund	

5/30/23	

786	

$	240.00		
	6/14/23	787-791	$	54,987.34		
	6/21/23	792-793	$	54,792.90		
	6/27/23	794	$	163.00		
	7/12/23	795-797	$	30,733.39		
	7/19/23	798-800	$	7,026.00		
	7/26/23	801-802	$	1,678.00		
			$	149,620.63		
Payroll Fund	June 2023 Basan Nembirkow	
50084	
$	184.70		
	Chris Manjourides	50085	$	184.70		
	Robert DiCocco	50086	$	184.70		
	Ronald Phillips	50087	$	738.80	*	
	Terry Siron	50088	$	109.70		
			$	1,402.60		
			$	151,023.23		

*Includes reimbursment for 10/3, 12/5 & 2/6 meetings.

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/31/23	PAGE	1
*** CHECK DATES 05/30/2023 - 07/31/2023 ***	GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/30/23 00020	5/25/23 30178A	202305 320-53800-47100	*	240.00
FOUNTAIN CLEAN ROUNDABOUT
FOUNTAIN DESIGN GROUP, INC.	240.00 000786
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/23 00003	6/01/23 159782	202306 320-53800-46200	*	25,548.00
MAINTENANCE SERVICE JUN23
DOWN TO EARTH LAWNCARE II, INC.	25,548.00 000787

6/14/23 00001	6/01/23	
	6/01/23	
	6/01/23	
	6/01/23	
	6/01/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
175	202306 310-51300-34000	*	2,929.08
MANAGEMENT FEES JUN23
175	202306 310-51300-35200	*	66.67
WEBSITE ADMIN JUN23
175	202306 310-51300-35100	*	108.33
INFORMATION TECH JUN23
175	202306 310-51300-31300	*	416.67
DISSEMINATION FEE JUN23
175	202306 310-51300-51000	*	.27
OFFICE SUPPLIES
6/01/23 175	202306 310-51300-42000	*	13.25
POSTAGE
6/01/23 176	202306 320-53800-12000	*	1,351.92
FIELD MANAGEMENT JUN23
6/01/23 176A	202304 310-51300-42000	*	1.15
USPS-POSTAGE FOR 941 FORM
GOVERNMENTAL MANAGEMENT SERVICES	4,887.34 000788
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/23 00011	6/13/23 23255	202305 310-51300-31500	*	685.50
FY23/24 BDGT/ASMNT/AUDIT
STRALEY, ROBIN & VERICKER	685.50 000789
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/23 00032	6/12/23 06122023 202306 300-20700-10000	*	9,972.90
FY23 DEBT SRVC SER2013
STONEYBROOK SOUTH CDD C/O USBANK	9,972.90 000790
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/14/23 00032	6/12/23 06122023 202306 300-20700-10100	*	13,893.60
FY23 DEBT SRVC SER2014
STONEYBROOK SOUTH CDD C/O USBANK	13,893.60 000791
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/21/23 00032	6/16/23 06162023 202306 300-20700-10000	*	22,895.87
FY23 DEBT SRVC SER2013
STONEYBROOK SOUTH CDD C/O USBANK	22,895.87 000792
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/21/23 00032	6/16/23 06162023 202306 300-20700-10100	*	31,897.03
FY23 DEBT SRVC SER2014
STONEYBROOK SOUTH CDD C/O USBANK	31,897.03 000793
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SSTH STONE SOUTH	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/31/23	PAGE	2
*** CHECK DATES 05/30/2023 - 07/31/2023 ***	GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/27/23 00012	6/16/23 1774987	202306 320-53800-47000	*	163.00
WATER MGMT SERVICES JUN23
THE LAKE DOCTORS, INC.	163.00 000794
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/12/23 00003	7/05/23 162093	202307 320-53800-46200	*	25,548.00
MAINTENANCE SERVICE JUL23
DOWN TO EARTH LAWNCARE II, INC.	25,548.00 000795
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/12/23 00020	6/26/23 30452A	202306 320-53800-47100	*	240.00
FOUNTAIN CLEAN ROUNDABOUT
FOUNTAIN DESIGN GROUP, INC.	240.00 000796
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/12/23 00001	7/01/23 177	202307 310-51300-34000	*	2,929.08
MANAGEMENT FEES JUL23
7/01/23 177	202307 310-51300-35200	*	66.67
WEBSITE ADMIN JUL23
7/01/23 177	202307 310-51300-35100	*	108.33
INFORMATION TECH JUL23
7/01/23 177	202307 310-51300-31300	*	416.67
DISSEMINATION FEE JUL23
7/01/23 177	202307 310-51300-51000	*	.42
OFFICE SUPPLIES
7/01/23 177	202307 310-51300-42000	*	43.65
POSTAGE
7/01/23 177	202307 310-51300-42500	*	28.65
COPIES
7/01/23 178	202307 320-53800-12000	*	1,351.92
FIELD MANAGEMENT JUL23
GOVERNMENTAL MANAGEMENT SERVICES	4,945.39 000797
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/19/23 00003	7/06/23 162664	202307 320-53800-46400	*	5,226.00
RMV/RPLC LORAPETLUM/MULCH
DOWN TO EARTH LAWNCARE II, INC.	5,226.00 000798
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/19/23 00029	7/13/23 3076	202307 310-51300-31200	*	550.00
SERIES 2013 ARBITRAGE
7/13/23 3077	202307 310-51300-31200	*	550.00
SERIES 2014 ARBITRAGE
LLS TAX SOLUTIONS INC.	1,100.00 000799
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/19/23 00042	3/09/23 1847	202303 320-53800-47300	*	700.00
SOFT WASH WALL AT CHAMPGT
PRESSURE WASH THIS	700.00 000800
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/26/23 00020	7/25/23 30678A	202307 320-53800-47100	*	240.00
FOUNTAIN CLEAN ROUNDABOUT
FOUNTAIN DESIGN GROUP, INC.	240.00 000801
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SSTH STONE SOUTH	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/31/23	PAGE	3
*** CHECK DATES 05/30/2023 - 07/31/2023 ***	GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/26/23 00011	7/25/23 23402	202306 310-51300-31500	*	1,438.00
INTERLOC AGR/MTG/PLAT/BGT
STRALEY, ROBIN & VERICKER	1,438.00 000802
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	149,620.63
TOTAL FOR REGISTER	149,620.63

SSTH STONE SOUTH	TVISCARRA

Section C

Stoneybrook South
Community Development District

Unaudited Financial Reporting
June 30, 2023

Table of Contents

1	Balance Sheet

2	General Fund Income Statement

3	Capital Reserve Fund Income Statement

4	Debt Service Income Statement Series 2013

5	Debt Service Income Statement Series 2014

6	Debt Service Income Statement Series 2023

7	Month to Month

8	FY23 Assessment Receipt Schedule

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
June 30, 2023

	General	Capital Reserve	Debt Service		Totals	
	Fund	Fund	Fund		2023	

ASSETS:						
CASH						
OPERATING ACCOUNT - TRUIST	$94,556	$351,186	---		$445,742	
OPERATING ACCOUNT - SOUTHSTATE	$229,811					
STATE BOARD OF ADMINISTRATION	$239,568	$943,804	---		$1,183,372	
INVESTMENTS						
SERIES 2013						
RESERVE	---	---	---		$0	
REVENUE	---	---	---		$0	
PREPAYMENT	---	---	---		$0	
SERIES 2014						
RESERVE	---	---	$607,230	$607,230	
REVENUE	---	---	$1,168,341	$1,168,341	
SERIES 2023						
REVENUE	---	---	$106,664		$106,664	
INTEREST	---	---	$104,095		$104,095	
COST OF ISSUANCE	---	---	$221		$221	
TOTAL ASSETS	$563,934	$1,294,990	$1,986,552			$3,845,476 	

LIABILITIES:						
ACCOUNTS PAYABLE	$2,378	---	---		$2,378	
FUND EQUITY:						
FUND BALANCES:						
ASSIGNED	---	$1,294,990	---		$1,294,990	
RESTRICTED FOR DEBT SERVICE 2013	---		$0		$0	
RESTRICTED FOR DEBT SERVICE 2014	---	---	$1,775,572		$1,775,572	
RESTRICTED FOR DEBT SERVICE 2023	---	---	$210,980		$210,980	
UNASSIGNED	$561,556	---	---		$561,556	
TOTAL LIABILITIES & FUND EQUITY	$563,934	$1,294,990	$1,986,552			$3,845,476 	

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND
Statement of Revenues & Expenditures
For The Period Ending June 30, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 6/30/23	ACTUAL
THRU 6/30/23	
VARIANCE	
REVENUES:					
ASSESSMENTS - TAX ROLL	$845,101	$845,101	$851,848	$6,747	
INTEREST	$750	$563	$9,653	$9,090	
TOTAL REVENUES	$845,851	$845,664	$861,501	$15,837	
EXPENDITURES:					
ADMINISTRATIVE:					
SUPERVISOR FEES	$8,000	$6,000	$4,800	$1,200	
FICA EXPENSE	$612	$459	$367	$92	
ENGINEERING	$15,000	$11,250	$1,503	$9,748	
ATTORNEY	$15,000	$11,250	$3,723	$7,527	
ARBITRAGE	$1,100	$0	$0	$0	
DISSEMINATION	$5,000	$3,750	$3,750	($0)	
ANNUAL AUDIT	$3,650	$3,650	$3,650	$0	
TRUSTEE FEES	$8,300	$6,223	$6,223	$0	
ASSESSMENT ADMINISTRATION	$5,000	$5,000	$5,000	$0	
MANAGEMENT FEES	$35,149	$26,362	$26,362	$0	
INFORMATION TECHNOLOGY	$1,300	$975	$975	$0	
WEBSITE ADMINISTRATION	$800	$600	$600	($0)	
TELEPHONE	$50	$37	$0	$37	
INSURANCE	$6,350	$6,350	$6,196	$154	
POSTAGE	$500	$375	$167	$208	
PRINTING & BINDING	$400	$300	$82	$218	
LEGAL ADVERTISING	$2,500	$1,875	$287	$1,588	
CONTINGENCY	$300	$225	$669	($445)	
OFFICE SUPPLIES	$100	$75	$2	$73	
PROPERTY APPRAISER	$625	$469	$680	($211)	
PROPERTY TAXES	$5	$4	$37	($33)	
DUES, LICENSES & SUBSCRIPTIONS	$175	$175	$175	$0	
FIELD:					
FIELD SERVICES	$16,223	$12,167	$12,167	($0)	
ELECTRIC	$55,000	$41,250	$48,038	($6,788)	
STREETLIGHTS	$200,000	$150,000	$148,297	$1,703	
RECLAIMED WATER	$180,000	$135,000	$159,331	($24,331)	
PROPERTY INSURANCE	$12,550	$12,550	$12,545	$5	
ENTRY & WALLS MAINTENANCE	$15,000	$11,250	$7,742	$3,508	
LANDSCAPE MAINTENANCE	$268,254	$201,191	$217,158	($15,968)	
LANDSCAPE REPLACEMENT - PLANTS, SHRUBS, TREES	$40,000	$30,000	$6,194	$23,806	
TREE TRIMMING	$5,000	$5,000	$6,240	($1,240)	
IRRIGATION REPAIRS	$15,000	$11,250	$20,906	($9,656)	
AQUATIC MAINTENANCE	$3,000	$2,250	$1,141	$1,109	
FOUNTAIN REPAIR & MAINTENANCE	$7,500	$5,625	$2,160	$3,465	
WETLAND MONITORING & MAINTENANCE	$0	$0	$0	$0	
MISCELLANEOUS - STORMWATER CONTROL	$5,000	$3,750	$0	$3,750	
PRESSURE WASHING	$5,000	$3,750	$700	$3,050	
SIDEWALK REPAIR & MAINTENANCE	$10,000	$7,500	$0	$7,500	
ROADWAY REPAIR & MAINTENANCE - STORM GUTTERS	$5,000	$3,750	$0	$3,750	
CONTINGENCY	$10,000	$7,500	$0	$7,500	
TRANSFER OUT - CAPITAL RESERVE	$93,981	$93,981	$93,981	$0	
TOTAL EXPENDITURES	$1,056,423	$823,166	$801,847	$21,320	
					
EXCESS REVENUES (EXPENDITURES)	($210,572)		$59,654		
					
FUND BALANCE - BEGINNING	$210,572		$501,902		
					
FUND BALANCE - ENDING	$0		$561,556		

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT

CAPITAL RESERVE FUND
Statement of Revenues & Expenditures
For The Period Ending June 30, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 6/30/23	ACTUAL
THRU 6/30/23	
VARIANCE	
REVENUES:					
TRANSFER IN	$93,981	$93,981	$93,981	$0	
INTEREST	$3,000	$2,250	$37,959	$35,709	
TOTAL REVENUES	$96,981	$96,231	$131,940	$35,709	
EXPENDITURES:					
BANK FEES	$0	$0	$15	($15)	
CAPITAL OUTLAY	$25,000	$18,750	$0	$18,750	
TOTAL EXPENDITURES	$25,000	$18,750	$15	$18,735	
					
EXCESS REVENUES (EXPENDITURES)	$71,981		$131,925		
					
FUND BALANCE - BEGINNING	$1,157,696		$1,163,065		
					
FUND BALANCE - ENDING	$1,229,677		$1,294,990		

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2013 DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Period Ending June 30, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 6/30/23	ACTUAL
THRU 6/30/23	
VARIANCE	
REVENUES:					
ASSESSMENTS - TAX ROLL	$746,885	$746,885	$752,848	$5,963	
INTEREST	$1,000	$750	$19,677	$18,927	
TOTAL REVENUES	$747,885	$747,635	$772,525	$24,890	
EXPENDITURES:					
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	$734,975	$239,988	$239,988	$0	

OTHER SOURCES/(USES):					
TRANSFER IN	$0	$0	($1,733,729)	($1,733,729)	
TOTAL SOURCES/(USES)	$0	$0	($1,733,729)	($1,733,729)	
					
EXCESS REVENUES (EXPENDITURES)	$12,910		($1,201,192)		
					
FUND BALANCE - BEGINNING	$456,535		$1,201,192		
					
FUND BALANCE - ENDING	$469,445		$0		

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2014 DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Period Ending June 30, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 6/30/23	ACTUAL
THRU 6/30/23	
VARIANCE	
REVENUES:					
ASSESSMENTS - TAX ROLL	$1,040,511	$1,040,511	$1,048,818	$8,307	
INTEREST	$1,500	$1,125	$51,415	$50,290	
TOTAL REVENUES	$1,042,011	$1,041,636	$1,100,233	$58,597	
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	$337,256	$337,256	$0	
TOTAL EXPENDITURES	$991,875	$991,875	$991,875	$0	
					
EXCESS REVENUES (EXPENDITURES)	$50,136		$108,358		
					
FUND BALANCE - BEGINNING	$1,053,185		$1,667,214		
					
FUND BALANCE - ENDING	$1,103,321		$1,775,572		

Stoneybrook South
COMMUNITY DEVELOPMENT DISTRICT

SERIES 2023 DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Period Ending June 30, 2023

	ADOPTED
BUDGET		PRORATED BUDGET
THRU 6/30/23		ACTUAL
THRU 6/30/23	
VARIANCE	
REVENUES:							
BOND PROCEEDS		$0		$0	$6,394,000	$6,394,000	
INTEREST		$0		$0	$2,666	$2,666	
TOTAL REVENUES		$0		$0	$6,396,666	$6,396,666	
EXPENDITURES:							
INTEREST - 11/1		$0		$0	$0	$0	
PRINCIPAL - 5/1		$0		$0	$0	$0	
INTEREST - 05/1		$0		$0	$72,972	($72,972)	
TOTAL EXPENDITURES		$0		$0	$72,972	($72,972)	

OTHER SOURCES/(USES):							
OTHER DEBT SERVICE COSTS		$0		$0	($220,775)	($220,775)	
TRANSFER IN/(OUT)		$0		$0	($5,891,939)	($5,891,939)	
TOTAL SOURCES/(USES)		$0		$0	($6,112,714)	($6,112,714)	
							
EXCESS REVENUES (EXPENDITURES)		$0			$210,980		
							
FUND BALANCE - BEGINNING		$0			$0		
							
FUND BALANCE - ENDING		$0			$210,980		

Stoneybrook South
Community Development District

	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Total	
REVENUES:														
ASSESSMENTS - TAX ROLL	$0	$109,805	$605,869	$24,568	$25,043	$11,204	$24,734	$13,433	$37,191	$0	$0	$0	$851,848	
INTEREST	$615	$746	$845	$898	$1,721	$1,745	$984	$1,055	$1,045	$0	$0	$0	$9,653	
TOTAL REVENUES	$615	$110,551	$606,714	$25,466	$26,764	$12,950	$25,718	$14,488	$38,236	$0	$0	$0	$861,501	

EXPENDITURES:														
ADMINISTRATIVE:
SUPERVISOR FEES	
$800	
$0	
$800	
$0	
$1,400	
$0	
$200	
$0	
$1,600	
$0	
$0	
$0	
$4,800	
FICA EXPENSE	$61	$0	$61	$0	$107	$0	$15	$0	$122	$0	$0	$0	$367	
ENGINEERING FEES	$120	$0	$240	$0	$240	$283	$620	$0	$0	$0	$0	$0	$1,503	
ATTORNEY	$173	$0	$228	$0	$736	$0	$463	$686	$1,438	$0	$0	$0	$3,723	
ARBITRAGE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
DISSEMINATION	$417	$417	$417	$417	$417	$417	$417	$417	$417	$0	$0	$0	$3,750	
ANNUAL AUDIT	$0	$0	$0	$0	$0	$0	$3,650	$0	$0	$0	$0	$0	$3,650	
TRUSTEE FEES	$6,223	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$6,223	
ASSESSMENT ADMINISTRATION	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	
MANAGEMENT FEES	$2,929	$2,929	$2,929	$2,929	$2,929	$2,929	$2,929	$2,929	$2,929	$0	$0	$0	$26,362	
INFORMATION TECHNOLOGY	$108	$108	$108	$108	$108	$108	$108	$108	$108	$0	$0	$0	$975	
WEBSITE MAINTENANCE	$67	$67	$67	$67	$67	$67	$67	$67	$67	$0	$0	$0	$600	
TELEPHONE	$0	$0	$0	$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	$16	$97	$11	$13	$0	$0	$0	$167	
PRINTING & BINDING	$0	$6	$0	$13	$0	$49	$5	$9	$0	$0	$0	$0	$82	
LEGAL ADVERTISING	$0	$0	$0	$0	$0	$0	$287	$0	$0	$0	$0	$0	$287	
CONTINGENCY	$39	$39	$39	$39	$39	$39	$163	$121	$151	$0	$0	$0	$669	
OFFICE SUPPLIES	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2	
PROPERTY APPRAISER	$0	$0	$0	$0	$0	$680	$0	$0	$0	$0	$0	$0	$680	
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	
FIELD:														
FIELD SERVICES	$1,352	$1,352	$1,352	$1,352	$1,352	$1,352	$1,352	$1,352	$1,352	$0	$0	$0	$12,167	
ELECTRIC	$4,715	$4,515	$4,705	$5,575	$5,260	$5,307	$5,737	$6,236	$5,989	$0	$0	$0	$48,038	
STREETLIGHTS	$14,702	$17,030	$16,339	$15,705	$18,249	$16,197	$16,866	$16,217	$16,992	$0	$0	$0	$148,297	
RECLAIMED WATER	$17,856	$13,810	$16,579	$10,813	$10,460	$13,285	$18,364	$37,715	$20,449	$0	$0	$0	$159,331	
PROPERTY 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	$4,740	$0	$0	$0	$0	$0	$0	$7,742	
LANDSCAPE MAINTENANCE	$21,290	$21,290	$21,290	$25,548	$25,548	$25,548	$25,548	$25,548	$25,548	$0	$0	$0	$217,158	
LANDSCAPE REPLACEMENT	$0	$0	$0	$0	$1,570	$1,350	$3,274	$0	$0	$0	$0	$0	$6,194	
TREE TRIMMING	$0	$0	$0	$0	$920	$0	$5,320	$0	$0	$0	$0	$0	$6,240	
IRRIGATION REPAIRS	$6,656	$6,401	$0	$4,277	$3,573	$0	$0	$0	$0	$0	$0	$0	$20,906	
AQUATIC MAINTENANCE	$163	$163	$163	$163	$163	$0	$0	$163	$163	$0	$0	$0	$1,141	
FOUNTAIN REPAIR & MAINTENANCE	$240	$240	$240	$240	$240	$240	$240	$240	$240	$0	$0	$0	$2,160	
WETLAND MONITORING & MAINTENANCE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
MISCELLANEOUS - STORMWATER CONTROL	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
PRESSURE WASHING	$0	$0	$0	$0	$0	$700	$0	$0	$0	$0	$0	$0	$700	
SIDEWALK REPAIR & MAINTENANCE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
ROADWAY REPAIR & MAINTENANCE	$0	$0	$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	$102,933	$68,374	$66,247	$68,216	$167,651	$73,307	$85,723	$91,817	$77,578	$0	$0	$0	$801,847	
														
EXCESS REVENUES/(EXPENDITURES)	($102,318)	$42,176	$540,467	($42,750)	($140,887)	($60,357)	($60,005)	($77,330)	($39,342)	$0	$0	$0	$59,654	

STONEYBROOK SOUTH

GROSS ASSESSMENTS $	2,800,529 $	899,044 $	794,558 $	1,106,927	
NET ASSESSMENTS $	2,632,497 $	845,101 $	746,885 $	1,040,511	

COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEIPTS - FY2023 TAX COLLECTOR

DATE RECEIVED	

DIST.	
GROSS ASSESSMENTS RECEIVED	
DISCOUNTS/ PENALTIES	
COMMISSIONS PAID	
INTEREST INCOME	
NET AMOUNT RECEIVED	
GENERAL FUND 32.10%	2013
DEBT SERVICE 28.37%	2014
DEBT SERVICE 39.53%	
TOTAL 100%	

11/18/22	
ACH	
$	20,251.84	
$  1,049.62	
$	384.04	
$	-	
$	18,818.18	
$	6,041.13	
$	5,339.04	
$	7,438.00	
$	18,818.18	
11/22/22	ACH	$	343,564.06	$ 13,742.68	$	6,596.43	$	-	$	323,224.95	$  103,763.76	$	91,704.50	$	127,756.70	$  323,224.95	
12/9/22	ACH	$	1,915,722.44	$ 76,629.77	$  36,781.85	$	-	$  1,802,310.82	$  578,589.43	$  511,346.68	$	712,374.71	$ 1,802,310.82	
12/9/22	ACH	$	1,541.07	$	12.61	$	30.57	$	-	$	1,497.89	$	480.86	$	424.98	$	592.05	$	1,497.89	
12/22/22	ACH	$	88,126.93	$  2,944.51	$	1,703.65	$	-	$	83,478.77	$	26,798.89	$	23,684.37	$	32,995.51	$	83,478.77	
1/10/23	ACH	$	69,984.93	$  2,146.18	$	1,356.77	$	-	$	66,481.98	$	21,342.47	$	18,862.08	$	26,277.42	$	66,481.98	
1/10/23	ACH	$	9,102.41	$	273.11	$	176.59	$	-	$	8,652.71	$	2,777.75	$	2,454.92	$	3,420.04	$	8,652.71	
1/24/23	ACH	$	-	$	-	$	-	$	1,395.21	$	1,395.21	$	447.90	$	395.85	$	551.47	$	1,395.21	
2/9/23	ACH	$	315.47	$	-	$	6.31	$	-	$	309.16	$	99.25	$	87.71	$	122.20	$	309.16	
2/9/23	ACH	$	81,052.90	$  1,766.74	$	1,585.73	$	-	$	77,700.43	$	24,943.89	$	22,044.95	$	30,711.58	$	77,700.43	
3/10/23	ACH	$	35,068.65	$	392.51	$	693.52	$	-	$	33,982.62	$	10,909.32	$	9,641.46	$	13,431.84	$	33,982.62	
3/10/23	ACH	$	937.86	$	-	$	18.76	$	-	$	919.10	$	295.06	$	260.76	$	363.28	$	919.10	
4/11/23	ACH	$	67,989.23	$	20.92	$	1,359.38	$	-	$	66,608.93	$	21,383.23	$	18,898.10	$	26,327.60	$	66,608.93	
4/11/23	ACH	$	10,355.74	$	-	$	207.10	$	-	$	10,148.64	$	3,257.98	$	2,879.34	$	4,011.31	$	10,148.64	
4/24/23	ACH	$	-	$	-	$	-	$	290.10	$	290.10	$	93.13	$	82.31	$	114.66	$	290.10	
5/10/23	ACH	$	42,697.44	$	-	$	853.95	$	-	$	41,843.49	$	13,432.87	$	11,871.72	$	16,538.90	$	41,843.49	
6/12/23	ACH	$	35,868.21	$	-	$	717.36	$	-	$	35,150.85	$	11,284.35	$	9,972.90	$	13,893.60	$	35,150.85	
6/16/23	ACH	$	82,346.54	$	-	$	1,646.93	$	-	$	80,699.61	$	25,906.71	$	22,895.87	$	31,897.03	$	80,699.61	
		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
TOTALS		$	2,804,925.72	$ 98,978.65	$  54,118.94	$	1,685.31	$  2,653,513.44	$  851,847.98	$  752,847.55	$  1,048,817.91	$ 2,653,513.44	

Section V

Section A

RESOLUTION 2023-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager submitted, prior to June 15th, to the Board of Supervisors (“Board”) of the Stoneybrook South Community Development District (“District”) a proposed budget for the next ensuing budget year (“Proposed Budget”), along with an explanatory and complete financial plan for each fund, pursuant to the provisions of Sections 189.016(3) and 190.008(2)(a), Florida Statutes;

WHEREAS, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District at least 60 days prior to the adoption of the Proposed Budget pursuant to the provisions of Section 190.008(2)(b), Florida Statutes;

WHEREAS, the Board held a duly noticed public hearing pursuant to Section 190.008(2)(a), Florida Statutes;

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least 2 days before the public hearing pursuant to Section 189.016(4), Florida Statutes;

WHEREAS, the Board is required to adopt a resolution approving a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the Proposed Budget projects the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD:

Section 1. Budget

That the Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s records office, and hereby approves certain amendments thereto, as shown below.

That the Proposed Budget as amended by the Board attached hereto as Exhibit A, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes, and incorporated herein by reference; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures for fiscal year 2022-2023 and/or revised projections for fiscal year 2023-2024.

That the adopted budget, as amended, shall be maintained in the office of the District Manager and at the District’s records office and identified as “The Budget for the

Stoneybrook South Community Development District for the Fiscal Year Beginning October 1, 2023, and Ending September 30, 2024.”

The final adopted budget shall be posted by the District Manager on the District’s website within 30 days after adoption pursuant to Section 189.016(4), Florida Statutes.

Section 2. Appropriations. There is hereby appropriated out of the revenues of the District (the sources of the revenues will be provided for in a separate resolution), for the fiscal year beginning  October  1,  2023,  and  ending  September  30,  2024,  the  sum  of
$	, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

Total General Fund	$		
Total Capital Reserve Fund	$		
Total Debt Service Fund – Series 2013	$		
Total Debt Service Fund – Series 2014	$		
Total Debt Service Fund – Series 2023	$		
Total All Funds*	$		

*Not inclusive of any collection costs or early payment discounts.

Section 3. Budget Amendments. Pursuant to Section 189.016(6), Florida Statutes, the District at any time within the fiscal year or within 60 days following the end of the fiscal year may amend its budget for that fiscal year as follows:

The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

Any other budget amendments shall be adopted by resolution and be consistent with Florida law. This includes increasing any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and making the corresponding change to appropriations or the unappropriated balance.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this section and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must

ensure that any amendments to budget(s) under subparagraph c. above are posted on the District’s website within 5 days after adoption pursuant to Section 189.016(7), Florida Statutes.

Section 4. Effective Date. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

Passed and Adopted on August 7, 2023.

Attested By:

Stoneybrook South
Community Development District

 	

Print Name:	 Secretary/Assistant Secretary

Print Name:	 Chair/Vice Chair of the Board of Supervisors

Exhibit A: FY 2023-2024 Adopted Budget

Stoneybrook South Community Development District

Proposed Budget
FY 2024

Table of Contents

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	General Fund

	Assessment/Cost Share Charts

	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

		General Fund		
	Adopted	Actual	Projected	Total	Proposed	
	Budget	Thru	Next 3	Thru	Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments - Tax Roll	$845,101	$851,848	$0	$851,848	$845,101	
Interest	$750	$9,653	$2,347	$12,000	$5,500	
Carry Forward Surplus	$210,572	$0	$0	$0	$0	
Total Revenues	$1,056,423	$861,501	$2,347	$863,848	$850,601	

Expenditures						
Administrative						
Supervisors Fees	$8,000	$4,800	$1,000	$5,800	$8,000	
FICA Expense	$612	$367	$77	$444	$612	
Engineering	$15,000	$1,503	$1,000	$2,503	$10,000	
Attorney	$15,000	$3,723	$3,777	$7,500	$15,000	
Arbitrage	$1,100	$0	$1,100	$1,100	$1,100	
Dissemination	$5,000	$3,750	$1,250	$5,000	$6,000	
Annual Audit	$3,650	$3,650	$0	$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	$26,362	$8,787	$35,149	$40,000	
Information Technology	$1,300	$975	$325	$1,300	$1,800	
Website Maintenance	$800	$600	$200	$800	$1,200	
Telephone	$50	$0	$25	$25	$50	
Postage	$500	$167	$83	$250	$500	
Printing & Binding	$400	$82	$48	$130	$400	
Insurance	$6,350	$6,196	$0	$6,196	$6,825	
Legal Advertising	$2,500	$287	$2,213	$2,500	$2,500	
Other Current Charges	$300	$669	$331	$1,000	$1,000	
Office Supplies	$100	$2	$1	$3	$100	
Property Taxes	$5	$37	$0	$37	$50	
Property Appraiser	$625	$680	$0	$680	$700	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Administrative Expenses	$109,916	$65,247	$22,291	$87,538	$115,162	

Operation & Maintenance						
Field Services	$16,223	$12,167	$4,056	$16,223	$15,663	
Electric	$55,000	$48,038	$18,000	$66,038	$57,816	
Streetlights	$200,000	$148,297	$51,000	$199,297	$150,884	
Reclaimed Water	$180,000	$159,331	$64,544	$223,875	$128,070	
Property Insurance	$12,550	$12,545	$0	$12,545	$13,412	
Entry & Walls Maintenance	$15,000	$7,742	$3,258	$11,000	$6,998	
Landscape Maintenance	$268,254	$217,158	$76,644	$293,802	$239,861	
Landscape Contingency	$40,000	$6,194	$5,226	$11,420	$25,661	
Tree Trimming	$5,000	$6,240	$0	$6,240	$2,333	
Irrigation Repairs	$15,000	$20,906	$2,000	$22,906	$20,995	
Aquatic Maintenance	$3,000	$1,141	$489	$1,630	$4,773	
Fountain Repair & Maintenance	$7,500	$2,160	$720	$2,880	$3,499	
Miscellaneous - Stormwater Control	$5,000	$0	$1,250	$1,250	$2,333	
Mitigation Monitoring & Maintenance	$0	$0	$0	$0	$6,575	
Pressuring Washing	$5,000	$700	$1,800	$2,500	$2,333	
Repairs & Maintenance	$0	$0	$0	$0	$4,666	
Sidewalk Repair & Maintenance	$10,000	$0	$2,500	$2,500	$2,333	
Roadway Repair & Maintenance - Storm Gutters	$5,000	$0	$1,250	$1,250	$2,333	
Contingency	$10,000	$0	$2,500	$2,500	$6,998	
Transfer Out - Capital Reserve	$93,981	$93,981	$0	$93,981	$37,903	
Operation & Maintenance Expenses	$946,508	$736,600	$235,237	$971,837	$735,439	
						
Total Expenditures	$1,056,423	$801,847	$257,528	$1,059,374	$850,601	
						
Excess Revenues/(Expenditures)	($0)	$59,654	($255,181)	($195,526)	$0	

Net Assessment	

$845,101	
				Collection Cost (6%)		$53,943 	
				Gross Assessment		$899,043 	

Stoneybrook South
Community Development District Fiscal Year 2024

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Stoneybrook South
Community Development District

Fiscal Year 2024 Assessment Chart
Fiscal Year 2024

Property Type	Platted Units	Gross Per Unit	Gross Total	
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	
Single Family 80'	65	$1,097.44	$71,334	
Total	1695		$899,043	

Fiscal Year 2023

Property Type	Platted Units	Gross Per Unit	Gross Total	
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	
Single Family 80'	65	$1,097.44	$71,334	
Total	1695		$899,044	

Proposed Increase

Property Type	Platted Units	% Increase	Gross Per Unit	Gross Total	
Apartment	304	0%	$0.00	$0	
Condo	168	0%	$0.00	$0	
Townhome	181	0%	$0.00	$0	
Single Family 40'	82	0%	$0.00	$0	
SIngle Family 50'	698	0%	$0.00	$0	
Single Family 60'	197	0%	$0.00	$0	
Single Family 80'	65	0%	$0.00	$0	
Total	1695			-$1	
		
Shared Costs			

Operations & Maintenance
Descriptions	Total Proposed
2024 Budget	SS CDD
47%	SSC CDD
53%	
Field Services	$33,572	$15,663	$17,909	
Electric	$123,920	$57,816	$66,104	
Streetlights	$323,400	$150,884	$172,516	
Reclaimed Water	$274,500	$128,070	$146,430	
Property Insurance	$28,747	$13,412	$15,335	
Entry & Walls Maintenance	$15,000	$6,998	$8,002	
Landscape Maintenance	$514,110	$239,861	$274,249	
Landscape Contingency	$55,000	$25,661	$29,339	
Tree Trimming	$5,000	$2,333	$2,667	
Irrigation Repairs	$45,000	$20,995	$24,005	
Aquatic Maintenance	$10,230	$4,773	$5,457	
Fountain Repair & Maintenance	$7,500	$3,499	$4,001	
Miscellaneous - Stormwater Control	$5,000	$2,333	$2,667	
Mitigation Monitoring & Maintenance	$14,093	$6,575	$7,518	
Pressure Washing	$5,000	$2,333	$2,667	
Repairs & Maintenance	$10,000	$4,666	$5,334	
Sidewalk Repair & Maintenance	$5,000	$2,333	$2,667	
Roadway Repair & Maintenance - Storm Gutters	$5,000	$2,333	$2,667	
Contingency	$15,000	$6,998	$8,002	
Total	$1,495,072	$697,536	$797,536	

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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.

Interest

The District will invest surplus funds with State Board of Administration.

EXPENDITURES:

Administrative:

Supervisor 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.

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

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.

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 will 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.

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

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.
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:

The District is proposing for FY24 a shared cost for a maintenance costs. 47% of the maintenance costs will be allocated to Stoneybrook South and 53% will be allocated to Stoneybrook South at ChampionsGate during Fiscal Year 2024. The maintenance costs will be considered shared costs between the two districts and will be allocated based on the number of platted equivalent assessment units (EAUs) in each district in accordance with the Interlocal Agreement between Stoneybrook South and Stoneybrook South at ChampionsGate regarding the joint maintenance.

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

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.

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 8727 1157	14031 Mickelson Ct, Entry Monument	$35	$420	
9100 8577 8408	1521 Olympic Club Blvd, Entrance Lights	$50	$600	
9100 8581 1139	60401 Whistling Straits Blvd, Gate	$100	$1,200	
9100 8581 2255	90191 Leopard Creek Drive, Irrigation	$35	$420	
9101 2416 4654	11891 S Westside Blvd	$500	$6,000	
9101 2415 3809	87251 Bella Citta Blvd	$575	$6,900	
9101 2774 0771	11351 Whistling Straits Blvd	$650	$7,800	
	Contingency - 5 Fountains			$39,440 	
Total			$123,920	

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	
9100 8577 8680	000 Tri County Rd, N Parcel Entry	$850	$10,200	
9100 8581 2560	0000 Whistling Straits Blvd Lite	$1,475	$17,700	
9100 8577 8185	000 Westside Blvd Lite, SB Tract K SL	$565	$6,780	
9100 8577 8911	0 Westside Blvd Lite, Fox Prop West Blvd SL	$855	$10,260	
9100 8581 1402	000 Bella Citta Blvd Lite	$665	$7,980	
9100 8581 1600	000 Westside Blvd Lite, SS Tract K PH3 SL	$590	$7,080	
9100 8581 1874	000 Westside Blvd Lite, SS Tract K PH2 SL	$610	$7,320	
9100 8581 2099	00000 Westside Blvd Lite Fox Prop PH2C1	$1,390	$16,680	
	0000 Westside Blvd Lite, Lite Fox Prpty Ph3A			
9101 4906 8762	SL	$1,165	$13,980	
	0000 Westside Blvd Lite, Lite Fox Prpty Ph3B			
9101 4907 2057	SL	$555	$6,660	
	Fox North/X Tract - 91 Streetlights	$2,450	$29,400	
	Contingency			$4,440 	
Total			$323,400	

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

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 Blk#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	
2627512-33111069	1500 Olympic Club Blvd. Meter A	$2,650	$31,800	
2627512-33169919	1000 Whistling Straits Blvd Block	$75	$900	
2627512-33254859	1000 Westside Block ODD Blvd 2" RM	$3,750	$45,000	
2627512-33319269	8703 Bella Cita Blvd	$160	$1,920	
	Contingency			$31,680 	
Total			$274,500	

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.

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

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 Floralawn, Inc. for this service.

Description	Monthly	Annual	
Landscape Maintenance - SS CDD	$22,352	$268,224	
Landscape Maintenance - SSC CDD	$15,574	$186,888	
Contingency - Future Areas			$58,998 	
Total		$514,110	

Landscape Contingency

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.

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.

Description	Monthly	Annual	
Pond Maintenance	$172	$2,064	
Pond Maintenance - 7 Ponds	$425	$5,100	
X Tract Pond	$160	$1,920	
Contingency			$1,146 	
Total		$10,230	

Fountain Repair & Maintenance

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

Miscellaneous – Stormwater Control

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

Stoneybrook South
Community Development District
GENERAL FUND BUDGET

Mitigation Monitoring & Maintenance

Represents estimated costs for environmental monitoring, reporting and maintenance of mitigation areas within the District boundaries. The Disrict has contracted with Bio-Tech Consulting, Inc. for the mitigation monitoring and maintenance and American Ecosystems, Inc. for the cogon grass treatments.

Description	Annual	
Semi-Annual Monitoring - $1,000 per event	$2,000	
Annual Mitigation Monitoring	$1,600	
Quarterly Maintenance - Mitigation Areas - $875 per event		$3,500 	
Total	$7,100	

Description	Monthly	Annual	
Cogon Grass Treatment	$555	$6,660	
Contingency			$333 	
Total		$6,993	

Pressure Washing

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

Repairs & Maintenance

Represents estimated costs for any repairs and maintenance to common areas maintained by 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.

Stoneybrook South
Community Development District

	Fiscal Year 2024 Capital Reserve Fund		
	Adopted Budget
FY2023	Actual Thru
6/30/23	Projected Next 3
Months	Total Thru
9/30/23	Proposed Budget
FY2024	

Revenues		
Transfer In	$93,981	$93,981	$0	$93,981	$37,903	
Interest Income	$3,000	$37,959	$12,000	$49,959	$15,000	
Total Revenues	$96,981	$131,940	$12,000	$143,940	$52,903	

Expenses						
Capital Outlay	$25,000	$0	$0	$0	$40,000	
Total Expenditures	$25,000	$0	$0	$0	$40,000	
						
Excess Revenues/(Expenditures)	$71,981	$131,940	$12,000	$143,940	$12,903	
						
Fund Balance - Beginning	$1,157,696	$1,163,065	$0	$1,163,065	$1,307,005	
						
Fund Balance - Ending	$1,229,677	$1,295,005	$12,000	$1,307,005	$1,319,908	

Stoneybrook South
Community Development District

		Fiscal Year 2024
Series 2013 Debt Service Fund				
	Adopted Budget
FY2023	Actual Thru
6/30/23	Projected Next 3
Months	Total Thru
9/30/23	Proposed Budget
FY2024	

Revenues						
Special Assessments - Tax Roll	$746,885	$752,848	$0	$752,848	$0	
Interest Income	$1,000	$19,677	$0	$19,677	$0	
Carry Forward Surplus	$456,535	$1,201,192	$0	$1,201,192	$0	
Total Revenues	$1,204,420	$1,973,717	$0	$1,973,717	$0	

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	$502,061	$0	$502,061	$0	
Transfer Out - Escrow	$0	$1,231,668	$0	$1,231,668	$0	
Total Expenditures	$734,975	$1,973,717	$0	$1,973,717	$0	
						
Excess Revenues/(Expenditures)	$469,445	$0	$0	$0	$0	

Stoneybrook South
Community Development District

		Fiscal Year 2024
Series 2014 Debt Service Fund				
	Adopted Budget
FY2023	Actual Thru
6/30/23	Projected Next 3
Months	Total Thru
9/30/23	Proposed Budget
FY2024	

Revenues						
Special Assessments - Tax Roll	$1,040,511	$1,048,818	$0	$1,048,818	$1,040,511	
Interest Income	$1,500	$51,415	$8,585	$60,000	$15,000	
Carry Forward Surplus	$1,053,185	$1,064,502	$0	$1,064,502	$1,181,445	
Total Revenues	$2,095,196	$2,164,735	$8,585	$2,173,320	$2,236,956	

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	$337,256	$0	$337,256	$329,538	
Total Expenditures	$991,875	$991,875	$0	$991,875	$991,794	
						
Excess Revenues/(Expenditures)	$1,103,321	$1,172,860	$8,585	$1,181,445	$1,245,163	
				
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 Type	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	
		Single Family 80"	65	1718.75	$111,719	
		Total	819		$1,106,927	

Stoneybrook South Community Development District Series 2014, Special Assessment Bonds Assessment Area Two-A Project
(Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

,000

11/1/23	$ 12,660,000	$	325	
5/1/24	$ 12,335,000	$	
11/1/24	$ 12,335,000	$	340	
5/1/25	$ 11,995,000	$	
11/1/25	$ 11,995,000	$	355	
5/1/26	$ 11,640,000	$	
11/1/26	$ 11,640,000	$	370	
5/1/27	$ 11,270,000	$	
11/1/27	$ 11,270,000	$	390	
5/1/28	$ 10,880,000	$	
11/1/28	$ 10,880,000	$	410	
5/1/29	$ 10,470,000	$	
11/1/29	$ 10,470,000	$	430	
5/1/30	$ 10,040,000	$	
11/1/30	$ 10,040,000	$	455	

$	337,256.25	$	662,256.25	
$	329,537.50	$	-	
$	329,537.50	$	999,075.00	
$	321,462.50	$	-	
$	321,462.50	$	997,925.00	
$	312,365.63	$	-	
$	312,365.63	$	994,731.25	
$	302,884.38	$	-	
$	302,884.38	$	995,768.75	
$	292,890.63	$	-	
$	292,890.63	$	995,781.25	
$	282,384.38	$	-	
$	282,384.38	$	994,768.75	
$	271,365.63	$	-	
$	271,365.63	$	997,731.25	
$	259,706.25	$	-	
$	259,706.25	$	999,412.50	
$	247,406.25	$	-	
$	247,406.25	$	999,812.50	
$	234,465.63	$	-	
$	234,465.63	$	998,931.25	
$	220,884.38	$	-	
$	220,884.38	$	996,768.75	
$	206,662.50	$	-	
$	206,662.50	$	998,325.00	
$	190,575.00	$	-	
$	190,575.00	$	996,150.00	
$	173,662.50	$	-	
$	173,662.50	$	997,325.00	
$	155,787.50	$	-	
$	155,787.50	$	996,575.00	
$	136,950.00	$	-	
$	136,950.00	$	998,900.00	
$	117,012.50	$	-	
$	117,012.50	$	994,025.00	
$	96,112.50	$	-	
$	96,112.50	$	997,225.00	
$	73,975.00	$	-	
$	73,975.00	$	997,950.00	
$	50,600.00	$	-	
$	50,600.00	$	996,200.00	
$	25,987.50	$	-	
$	25,987.50	$	996,975.00	

-

,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000

5/1/31	$ 9,585,000	$	
11/1/31	$ 9,585,000	$	480	
5/1/32	$ 9,105,000	$	
11/1/32	$ 9,105,000	$	505	
5/1/33	$ 8,600,000	$	
11/1/33	$ 8,600,000	$	530	
5/1/34	$ 8,070,000	$	
11/1/34	$ 8,070,000	$	555	
5/1/35	$ 7,515,000	$	
11/1/35	$ 7,515,000	$	585	
5/1/36	$ 6,930,000	$	
11/1/36	$ 6,930,000	$	615	
5/1/37	$ 6,315,000	$	
11/1/37	$ 6,315,000	$	650	
5/1/38	$ 5,665,000	$	
11/1/38	$ 5,665,000	$	685	
5/1/39	$ 4,980,000	$	
11/1/39	$ 4,980,000	$	725	
5/1/40	$ 4,255,000	$	
11/1/40	$ 4,255,000	$	760	
5/1/41	$ 3,495,000	$	
11/1/41	$ 3,495,000	$	805	
5/1/42	$ 2,690,000	$	
11/1/42	$ 2,690,000	$	850	
5/1/43	$ 1,840,000	$	
11/1/43	$ 1,840,000	$	895	
5/1/44	$	945,000	$	
11/1/44

Totals	$	945,000	$	945

$	12,660	

-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000

,000	$

8,942,613	$ 21,602,612.50

Stoneybrook South
Community Development District

		Fiscal Year 2024
Series 2023 Debt Service Fund		
	Proposed Budget
FY2023	Actual Thru
6/30/23	Projected Next 3
Months	Total Thru
9/30/23	Proposed Budget
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	$2,666	$500	$3,166	$2,500	
Transfer In	$494,726	$502,061	$0	$502,061	$0	
Carry Forward Surplus	$0	$0	$0	$0	$211,480	
Total Revenues	$6,888,726	$6,898,727	$500	$6,899,227	$795,751	

Expenses						
Interest - 11/1	$0	$0	$0	$0	$158,252	
Principal - 5/1	$0	$0	$0	$0	$272,000	
Interest - 5/1	$72,972	$72,972	$0	$72,972	$158,252	
Other Debt Service Costs	$220,775	$220,775	$0	$220,775	$0	
Transfer Out - Escrow	$6,394,000	$6,394,000	$0	$6,394,000	$0	
Total Expenditures	$6,687,747	$6,687,747	$0	$6,687,747	$588,503	
						
Excess Revenues/(Expenditures)	$200,979	$210,980	$500	$211,480	$207,248	
				
Interest - 11/1/2024	
	$151,520 	
				Total		$151,520 	
				
Net Assessment	
$581,771	
				Collection Cost (6%)	$37,134	
				Gross Assessment	$618,905	
						
		Property Type	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	
		Single Family 60'	197	1176.510638	$231,773	
		Total	870		$618,905	

**6 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

11/1/23	$ 6,394,000	4.950%	$	-	$ 158,251.50	$	158,251.50	
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	$	3,016,629	$ 9,410,629.00	

Section B

RESOLUTION 2023-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT IMPOSING ANNUALLY RECURRING OPERATIONS AND MAINTENANCE NON-AD VALOREM SPECIAL ASSESSMENTS; PROVIDING FOR COLLECTION AND ENFORCEMENT OF ALL DISTRICT SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENT OF THE ASSESSMENT ROLL; PROVIDING FOR CHALLENGES AND PROCEDURAL IRREGULARITIES; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Stoneybrook South Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes for the purpose of providing, preserving, operating, and maintaining infrastructure improvements, facilities, and services to the lands within the District;

WHEREAS, the District is located in Osceola County, Florida (“County”);

WHEREAS, the Board of Supervisors of the District (“Board”) hereby determines to undertake various activities described in the District’s adopted budget for fiscal year 2023-2024 attached hereto as Exhibit A (“FY 2023-2024 Budget”) and incorporated as a material part of this Resolution by this reference;

WHEREAS, the District must obtain sufficient funds to provide for the activities described in the FY 2023-2024 Budget;

WHEREAS, the provision of the activities described in the FY 2023-2024 Budget is a benefit to lands within the District;

WHEREAS, the District may impose non-ad valorem special assessments on benefited lands within the District pursuant to Chapter 190, Florida Statutes;

WHEREAS, such special assessments may be placed on the County tax roll and collected by the local Tax Collector (“Uniform Method”) pursuant to Chapters 190 and 197, Florida Statutes;

WHEREAS, the District has, by resolution and public notice, previously evidenced its intention to utilize the Uniform Method;

WHEREAS, the District has approved an agreement with the County Property Appraiser (“Property Appraiser”) and County Tax Collector (“Tax Collector”) to provide for the collection of special assessments under the Uniform Method;

WHEREAS, it is in the best interests of the District to proceed with the imposition, levy, and collection of the annually recurring operations and maintenance non-ad valorem special assessments on all assessable lands in the amount contained for each parcel’s portion of the FY 2023-2024 Budget (“O&M Assessments”);

WHEREAS, the Board desires to collect the annual installment for the previously levied debt service non-ad valorem special assessments (“Debt Assessments”) in the amounts shown in the FY 2023-2024 Budget;

WHEREAS, the District adopted an assessment roll as maintained in the office of the District Manager, available for review, and incorporated as a material part of this Resolution by this reference (“Assessment Roll”);

WHEREAS, it is in the best interests of the District to certify the Assessment Roll to the Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, including the property certified to the Tax Collector by this Resolution, as the Property Appraiser updates the property roll, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD:

Section 1. Benefit from Activities and O&M Assessments. The provision of the activities described in the FY 2023-2024 Budget confer a special and peculiar benefit to the lands within the District, which benefits exceed or equal the O&M Assessments allocated to such lands. The allocation of the expenses of the activities to the specially benefited lands is shown in the FY 2023-2024 Budget and in the Assessment Roll.

Section 2. O&M Assessments Imposition. Pursuant to Chapter 190, Florida Statutes and procedures authorized by Florida law for the levy and collection of special assessments, the O&M Assessments are hereby imposed and levied on benefited lands within the District in accordance with the FY 2023-2024 Budget and Assessment Roll. The lien of the O&M Assessments imposed and levied by this Resolution shall be effective upon passage of this Resolution.

Section 3. Collection and Enforcement of District Assessments.

Uniform Method for all Debt Assessments and all O&M Assessments. The collection of all Debt Assessments and all O&M Assessments for all lands within the District, shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in the Assessment Roll. All assessments collected by the Tax Collector shall be due, payable, and enforced pursuant to Chapter 197, Florida Statutes.

Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

Section 4. Certification of Assessment Roll. The Assessment Roll is hereby certified and authorized to be transmitted to the Tax Collector.

Section 5. Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law. After any amendment of the Assessment Roll, the District Manager shall file the updates to the tax roll in the District records.

Section 6. Assessment Challenges. The adoption of this Resolution shall be the final determination of all issues related to the O&M Assessments as it relates to property owners whose benefited property is subject to the O&M Assessments (including, but not limited to, the determination of special benefit and fair apportionment to the assessed property, the method of apportionment, the maximum rate of the O&M Assessments, and the levy, collection, and lien of the O&M Assessments), unless proper steps shall be initiated in a court of competent jurisdiction to secure relief within 30 days from adoption date of this Resolution.

Section 7. Procedural Irregularities. Any informality or irregularity in the proceedings in connection with the levy of the O&M Assessments shall not affect the validity of the same after the adoption of this Resolution, and any O&M Assessments as finally approved shall be competent and sufficient evidence that such O&M Assessment was duly levied, that the O&M Assessment was duly made and adopted, and that all other proceedings adequate to such O&M Assessment were duly had, taken, and performed as required.

Section 8. Severability. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

Section 9. Effective Date. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

Passed and Adopted on August 7, 2023.

Attested By:

Stoneybrook South
Community Development District

 	

Print Name:	 Secretary/Assistant Secretary

Print Name:	 Chair/Vice Chair of the Board of Supervisors

Exhibit A: FY 2023-2024 Budget

Section VI

Section A

TRI-PARTY LANDSCAPE MAINTENANCE AGREEMENT

THIS	TRI-PARTY	LANDSCAPE	MAINTENANCE	AGREEMENT	(the
“Agreement”), effective as of the 	 day of 	, 2023 (the “Effective Date”), between the STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT (the “SBS District”) and the STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY
DEVELOPMENT DISTRICT (“SBS CG District”) (hereinafter the SBS District and SBS CG District are collectively referred to herein as the “District”), local units of special purpose governments, created under Chapter 190, Florida Statutes, whose mailing addresses are c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, and FLORALAWN, INC. (hereinafter referred to as “Contractor”), a Florida corporation, whose principal address is 734 S. Combee Road, Lakeland, Florida, 33801.

W I T N E S S E T H:

Subject to and upon the terms and conditions of this Agreement and in consideration of the mutual promises set forth herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the District and Contractor agree as follows:

DEFINITIONS.

Agreement. The Agreement consists of: (i) this Tri-Party Landscape Maintenance Agreement; and (ii) “Exhibit 1 - Scope of Work,” “Exhibit 2 - Fee Summary” and “Exhibit 3 - Extra Services Pricing Summary,” collectively attached hereto as Exhibit “A” (collectively referred to herein as the “Proposal”). The Agreement represents the entire and integrated Agreement between the parties hereto and supersedes all prior negotiations, representation, or agreements, either written or oral. The Agreement may be amended or modified only as set forth below in Article 14. In the event of any conflict between the terms herein and term(s) in the Proposal the terms herein shall prevail.

Services. The term “Services” or “Work” as used in this Agreement shall be construed to include all activities and services set forth in the Proposal, and all obligations of Contractor under this Agreement, including any addenda or special conditions. If an addendum or additional work is agreed upon by the parties, the Contractor shall be subject to the terms of this Agreement. All work being completed to date by the Contractor for the District shall be subject to and in accordance with the terms set forth herein.

Interlocal Agreement. The SBS CG District and the SBS District are parties to that certain “Interlocal Agreement Between Stoneybrook South at ChampionsGate Community Development District and Stoneybrook South Community Development District Regarding Joint Maintenance and Operation of Facilities,” dated June 5, 2023 (hereinafter referred to as the “Interlocal Agreement,” whereby the SBS CG District and the SBS District agreed to the joint allocation of operating and maintenance costs among the Districts, including for landscaping tracts.

SCOPE OF SERVICES.

A description of the nature, scope, location and schedule of the Services to be performed by Contractor under this Agreement shall be as described in the Proposal. The area to be included under this Agreement may be amended by the mutual consent of the District and the Contractor.

COMMENCEMENT OF SERVICES AND TERM. Contractor shall commence the Services on the Effective Date and shall perform same in accordance with any schedules as set forth in the Agreement. The term of this Agreement shall be for twelve months, and as determined by the sole reasonable satisfaction of the District which shall be evidenced by the District’s monthly payment.

DISTRICT MANAGER.

The District’s authorized representative (herein referred to as the “District Manager”) shall be the District Manager of the District, which is Governmental Management Services – Central Florida, LLC, whose mailing address is 219 East Livingston Street, Orlando, Florida 32801, Attention: George S. Flint; provided, however, that the District may, without liability to the Contractor, unilaterally amend this Article from time to time by designating a different person or organization to act as its representative and so advising the Contractor in writing, at which time the person or organization so designated shall be the District’s representative for the purpose of this Agreement.

All actions to be taken by, all approvals, notices, consent, directions and instruction to be given by, all notices and other matters to be delivered to, all determinations and decisions to be made by and, in general, all other action to be taken by, or given to, the District shall be taken, given, and made by, or delivered or given to the District Manager in the name of and on behalf of the District, provided, however, that the District (and not the District Manager or any other agents of the District) shall be solely obligated to the Contractor for all sums required to be paid by the District to the Contractor hereunder.

COMPENSATION, PAYMENTS AND INSPECTION RIGHTS PRIOR TO FINAL PAYMENT.

The SBS District and the SBS CG District agree to pay the Contractor the total monthly fee specified in the Proposal, as applicable, on a monthly basis and after the Services are completed and have been inspected and approved by the District’s authorized representative.

Work Authorizations shall mean orders or directives issued by the District. Work Authorizations shall be issued for repairs or emergency services, changes to the scope of the area in which services are required, or for any services beyond those set forth in Article 2. Services performed under a Work Authorization may be paid either on a lump sum basis, a unit price basis, or a time and material basis in the District’s sole discretion. Contractor shall not be entitled to compensation for Services outside the scope of Article 2 unless Contractor has obtained prior written authorization of District to perform the same.

District retains the right to reduce any portion of Contractor’s Scope of Services as set forth in Article 2. Should this occur, a revised Scope of Services will be agreed upon in writing by both District and Contractor.

REPRESENTATATIONS, WARRANTIES AND COVENANTS.

Contractor hereby represents to District that: (i) it has the experience, qualifications and skill to perform the Services as set forth in this Agreement; (ii) it is duly licensed and permitted to observe and perform the terms, covenants, conditions and other provisions on its part to be observed or performed under this Agreement; (iii) has the necessary equipment, materials and inventory required to perform the Services as set forth in this Agreement; (iv) it has by careful examination satisfied itself as to: (a) the nature, location and character of the area in which the Services are to be performed including, without limitation, the surface conditions of the land and all structures and obstructions thereon, both natural and manmade, the surface water conditions of the area, and to the extent pertinent, all other conditions, and (b) all other matters or things which could in any manner affect the performance of the Services.

The Contractor warrants to the District that all materials furnished under this Agreement shall be new unless otherwise specified, and that all Services shall be of good quality, free from faults and defects and in conformance with the Agreement documents.

EMPLOYEES; INDEPENDENT CONTRACTOR STATUS.

All matters pertaining to the employment, supervision, compensation, insurance, promotion, and discharge of any employees of Contractor or of entities retained by Contractor are the sole responsibility of Contractor. Contractor shall fully comply with all applicable acts and regulations having to do with workman’s compensation, social security, unemployment insurance, hours of labor, wages, working conditions and other employer- employee related subjects. Contractor shall obtain, for each individual Contractor employs on the District’s premises at any time, a criminal background check performed by an appropriate federal or state agency, or by a professional and licensed private investigator, and shall make, based on the results of such background checks, employment suitability determinations for each employee that are reasonable and customary within the Contractor’s industry. Contractor shall maintain copies of said background checks on file so long as the subject individual(s) remains in Contractor’s employ, and Contractor shall make all background checks available for District’s review upon request. Contractor shall enforce strict discipline and good order among its employees on the District’s premises. Contractor shall comply with all requirements of the E-Verify System as set forth in Article 18.

Contractor is an independent contractor and not an employee of the District. It is further acknowledged that nothing herein shall be deemed to create or establish a partnership or joint venture between the District and Contractor. Contractor has no authority to enter into any contracts or contracts, whether oral or written, on behalf of the District.

COMPLIANCE WITH LAWS, REGULATIONS, RULES AND POLICIES.

At all times, Contractor shall operate in accordance with all applicable laws, statutes, regulations, rules, ordinances, policies, permits and orders. Contractor is responsible for obtaining all permits or other approvals required for the Services.

Contractor hereby covenants and agrees to comply with all of the rules, ordinances and regulations of governmental authorities wherein the District’s facilities are located, as said rules, etc. may specifically relate to Contractor or its Services provided hereunder, at Contractor’s sole cost and expense, and Contractor will take such action as may be necessary to comply with any and all notices, orders or other requirements affecting the Services described herein as may be issued by any governmental agency having jurisdiction over Contractor, unless specifically instructed by the District that it intends to contest such orders or requirements and that Contractor shall not comply with the same. Contractor shall provide immediate notice to the District of any such orders or requirements upon receipt of same.

The District is a local unit of special purpose government created in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes. Contractor agrees to comply with all applicable requirements of the “Sunshine Law,” the “Public Records Law,” the Community Development Districts Law, and all other statutes and regulations applicable to Contractor.

WORKPLACE ENVIRONMENT AND PUBLIC SAFETY.

Contractor agrees to provide a safe and healthy workplace environment for its employees and agents and a safe and healthy environment for the public at all times. Contractor shall promptly correct any unsafe condition or health hazard in its control and shall immediately report any such condition to the District). In addition to all other requirements of this Agreement, Contractor shall comply with all federal, state and local laws and regulations related to health and safety. Further, Contractor acknowledges that all vehicles and equipment must be properly and safely operated and, where applicable, licensed and/or permitted, to operate on public roadways. Contractor acknowledges that it is responsible for public safety issues including but not limited to: proper work methods, use of protective equipment, safe maintenance, traffic control through work zones, and handling and use of materials, vehicles, and equipment.

The Contractor agrees that it alone bears the responsibility for providing a safe and healthy workplace, and that nothing in this Agreement suggests that the District has undertaken or assumed any part of that responsibility.

Contractor shall, prior to performing any of the Services, provide employees with training to perform their jobs safely, including instruction in proper work methods, use of protective equipment, and safe maintenance, handling and use of materials, vehicles, and equipment. Contractor will not ask or allow any employee to operate any vehicle or equipment until the employee has received all relevant and advisable training. Contractor shall assure that all employees are licensed and/or have all applicable permits, necessary to perform the Services.

Contractor will furnish, at its expense, all safety and protective equipment required or advisable for the protection of employees.

PUBLIC RECORDS AND OWNERSHIP OF BOOKS AND RECORDS.

Contractor understands and agrees that all documents of any kind relating to this Agreement may be public records and, accordingly, Contractor agrees to comply with all applicable provisions of Florida public records law, including but not limited to the provisions of Chapter 119, Florida Statutes. Contractor acknowledges and agrees that the public records custodian of the District is the District Manager, which is currently Governmental Management Services – Central Florida, LLC (the “Public Records Custodian”). Contractor shall, to the extent applicable by law:

services;

Keep and maintain public records required by District to perform

Upon request by District, provide District with the requested public

records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes;

Ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the Agreement term and following the Agreement term if the Contractor does not transfer the records to the Public Records Custodian of the District; and

Upon completion of the Agreement, transfer to District, at no cost, all public records in District’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws.

IF THE CONTRACTOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTORS’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE DISTRICT’S CUSTODIAN OF PUBLIC RECORDS AT (407-841-5524), OR BY EMAIL AT GFLINT@GMSCFL.COM, OR BY REGULAR MAIL AT 219 EAST LIVINGSTON STREET, ORLANDO, FLORIDA 32801, ATTENTION: DISTRICT PUBLIC RECORDS CUSTODIAN.

INSURANCE.

Contractor shall, throughout the performance of its services pursuant to this Agreement, maintain at a minimum:

Occurrence	based	comprehensive	general	liability	insurance (including broad form contractual coverage), with a minimum limit of $1,000,000 single limit per

occurrence, protecting it and District from claims for bodily injury (including death), property damage, contractual liability, products liability and personal injury which may arise from or in connection with the performance of Contractor’s services under this Agreement or from or out of any act or omission of Contractor, its officers, directors, agents, and employees;

Occurrence based automobile liability insurance including bodily injury and property damage, including all vehicles owned, leased, hired and non-owned vehicles with limits of not less than $1,000,000.00 combined single limit covering all work performed hereunder;

Workers' compensation insurance as required by applicable law (or employer's liability insurance with respect to any employee not covered by workers' compensation) with minimum limits of $100,000 per occurrence; and

Employers liability, with a minimum coverage level of $1,000,000.

All such insurance required in Paragraph 11(a) shall be with companies and on forms acceptable to District and shall provide that the coverage thereunder may not be reduced or canceled unless thirty (30) days prior written notice thereof is furnished to District; the insurance required under paragraph 11(a)(i) shall name the District as an additional insured. Certificates of insurance (and copies of all policies, if required by the District) shall be furnished to the District. In the event of any cancellation or reduction of coverage, Contractor shall obtain substitute coverage as required under this Agreement, without any lapse of coverage to District whatsoever.

SOVEREIGN IMMUNITY. Nothing contained herein, or in the Agreement, or in the Terms and Conditions, shall cause or be construed as a waiver of the District’s immunity or limitations on liability granted pursuant to section 768.28, Florida Statutes, or other law, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which could otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

INDEMNIFICATION Contractor agrees to indemnify, save harmless and defend the District, its officers, directors, board members, employees, agents and assigns, from and against any and all liabilities, claims, penalties, forfeitures, suits, legal or administrative proceedings, demands, fines, punitive damages, losses, liabilities and interests, and any and all costs and expenses incident thereto (including costs of defense, settlement and reasonable attorneys' fees, which shall include fees incurred in any administrative, judicial or appellate proceeding) which the District, their officers, directors, board members, employees, agents and assigns, may hereafter incur, become responsible for or pay out to the extent arising out of (i) Contractor’s (or its agents, employees or subcontractors) breach of any term or provision of this Agreement, or (ii) any negligent or intentional act or omission of Contractor, its agents, employees or subcontractors, related to or in the performance of this Agreement.

MODIFICATIONS, ADDITIONS OR DELETIONS TO THE SERVICES.

A Work Authorization shall be in writing by the District, which shall consist

of additions, deletions or other modifications to the Agreement.

The District may, from time to time, without affecting the validity of the Agreement, or any term or condition thereof, issue Work Authorizations which may identify additional or revised Scope of Services, or other written instructions and orders, which shall be governed by the provisions of the Agreement. The Contractor shall comply with all such orders and instructions issued by the District. Upon receipt of any Work Authorization, the Contractor shall promptly proceed with the work, and the resultant decrease or increase in the amount to be paid the Contractor, if any, shall be governed by the provisions of Article 5 in this Agreement.

PROTECTION OF PERSONS AND PROPERTY; MONITORING.

In addition to all other requirements hereunder, the Contractor shall be responsible for initiating, maintaining and supervising safety precautions and programs in connection with the Services, and shall provide all protection to prevent injury to persons involved in any way in the Services and all other persons, including, without limitation, the employees, agents guests, visitors, invitees and licensees of the District and community residents, tenants, and the general public that may be affected thereby.

All Services, whether performed by the Contractor, its Subcontractors, or anyone directly or indirectly employed by any of them, and all applicable equipment, machinery, materials, tools and like items used in the Services, shall be in compliance with, and conform to:
(i) all applicable laws, ordinances, rules, regulations and orders of any public, quasi-public or other governmental authority; and (ii) all codes, rules, regulations and requirements of the District and its insurance carriers relating thereto. In the event of conflicting requirements, the more stringent shall govern.

The Contractor shall at all times keep the general area in which the Services are to be performed, including but not limited to sidewalks, roadways, trails, rights-of-way, open spaces, and all such areas impacted by the Services, clean and free from accumulation of waste materials or rubbish (including, without limitation, hazardous waste), caused by performance of the Services, and shall continuously throughout performance of the Services, remove and dispose of all such materials. The District may require the Contractor to comply with such standards, means and methods of cleanup, removal or disposal as the District may make known to the Contractor. In the event the Contractor fails to keep the general area in which the Services are to be performed clean and free from such waste or rubbish, or to comply with such standards, means and methods, the District may take such action and offset any and all costs or expenses of whatever nature paid or incurred by the District in undertaking such action against any sums then or thereafter due to the Contractor.

Contractor shall cooperate with and participate in, at no additional cost or charge, all programs, plans or routines for monitoring and reporting to District, as required in the sole discretion of the District, to ensure satisfactory performance of the Services provided hereunder.

SUSPENSION OR TERMINATION.

Anything in this Agreement to the contrary notwithstanding, District shall, in its sole discretion and without cause, have the right to suspend or terminate this Agreement upon thirty (30) days prior written notice to Contractor.

If the Contractor should become insolvent, file any bankruptcy proceedings, make a general assignment for the benefit of creditors, suffer or allow appointment of a receiver, refuse, fail or be unable to make prompt payment to Subcontractors, disregard applicable laws, ordinances, governmental orders or regulations or the instructions of the District, or if the Contractor should otherwise be guilty of a violation of, or in default under, any provisions of the Agreement, then the District may, without prejudice to any other right or remedy available to the District and after giving the Contractor and its surety, if any, seven (7) days written notice, terminate the Contract and the employment of Contractor. In addition, without terminating this Contract as a whole, the District may, under any of the circumstances above, terminate any portion of this Contract (by reducing, in such as manner as District deems appropriate, the Scope of Service to be performed by the Contractor) and complete the portion of this Contract so terminated in such manner as the District may deem expedient.

SUBCONTRACTORS. If the Contractor desires to employ Subcontractors in connection with the performance of its Services under this Agreement:

Nothing contained in the Agreement shall create any contractual relationship between the District and any Subcontractor. However, it is acknowledged that the District is an intended third-party beneficiary of the obligations of the Subcontractors related to the Services.

Contractor shall coordinate the services of any Subcontractors and remain fully responsible under the terms of this Agreement; Contractor shall be and remain responsible for the quality, timeliness and coordinate of all Services furnished by the Contractor or its Subcontractors.

All subcontracts shall be written. Each subcontract shall contain a reference to this Agreement and shall incorporate the terms and condition of this Agreement to the full extent applicable to the portion of the Services covered thereby. Each Subcontractor must agree, for the benefit of the District, to be bound by such terms and conditions to the full extent applicable to its portion of the Services.

COMPLIANCE WITH E-VERIFY SYSTEM

The Contractor shall comply with and perform all applicable provisions and requirements of Section 448.095, Florida Statutes and Section 448.09(1), Florida Statues. Accordingly, beginning on the Effective Date, to the extent required by Section 448.095, Florida Statutes, the Contractor shall enroll with and use the United States Department of Homeland Security’s E-Verify system to verify the work authorization status of all newly hired employees.

The District may terminate this Agreement immediately for cause if there is a good faith belief that the Contractor has knowingly violated Section 448.091, Florida Statutes.

If the Contractor anticipates entering into agreements with a subcontractor for the work, Contractor will not enter into the subcontractor agreement without first receiving an affidavit from the subcontractor regarding compliance with Section 448.095, Florida Statutes, and stating that the subcontractor does not employ, contract with, or subcontract with an unauthorized alien. Contractor shall maintain a copy of such affidavit for the duration of the agreement and provide a copy to the District upon request. In the event that the District has a good faith belief that a subcontractor has knowingly violated Section 448.095, Florida Statutes, but the Contractor has otherwise complied with its obligations hereunder, the District shall promptly notify the Contractor. The Contractor agrees to immediately terminate the agreement with the subcontractor upon notice from the District. Further, absent such notification from the District, the Contractor or any subcontractor who has a good faith belief that a person or entity with which it is contracting has knowingly violated Section 448.09(1), Florida Statutes, shall promptly terminate its agreement with such person or entity.

By entering into this Agreement, the Contractor represents that no public employer has terminated a contract with the Contractor under Section 448.095(2)(c), Florida Statutes, within the year immediately preceding the date of this Agreement.

NOTICE.

Notices required or permitted to be given under this Agreement shall be in writing, may be delivered personally or by mail, overnight delivery service, or courier service, and shall be given when received by the addressee. Notices shall be addressed as follows:

If to SBS CG District:	Stoneybrook South at ChampionsGate Community Development District
c/o Governmental Management Services – Central Florida, LLC
219 East Livingston Street Orlando, Florida 32801
Attention: George S. Flint, District Manager Telephone: (407) 841-5524

Copy to:	Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter, District Counsel Telephone: (407) 481-5800

If to SBS District:	Stoneybrook South Community Development District
c/o Governmental Management Services – Central Florida, LLC
219 East Livingston Street

Orlando, Florida 32801
Attention: George S. Flint, District Manager Telephone: (407) 841-5524

Copy to:	Straley Robin Vericker 1510 W. Cleveland Street Tampa, Florida 33606
Telephone: 813-321-4107

If to Contractor:	Floralawn, Inc.
734 S. Combee Road Lakeland, Florida 33801
Attention: Bryan Boyett (or Manager)
Telephone: (863) 668-0494

Notwithstanding the foregoing, any notice sent to the last designated address of the party to whom a notice may be or is required to be delivered under this Agreement shall not be deemed ineffective if actual delivery cannot be made due to a change of address of the party to whom the notice is directed or the failure or refusal of such party to accept delivery of the notice. Parties may change notice address by delivering written notice by mail, overnight delivery service, or courier service to the other party and such change shall become effective when received by the addressee.

ATTORNEYS’ FEES. If either party hereto institutes an action or proceeding for a declaration of the rights of the parties the Agreement, for injunctive relief, for an alleged breach or default of, or any other action arising out of, the Agreement, or in the event any party hereto is in default of its obligations pursuant hereto, whether or not suit is filed or prosecuted to final judgment, the non-defaulting or prevailing party shall be entitled to its actual attorneys’ fees and to any court costs and expenses incurred, in addition to any other damages or relief awarded.

GOVERNING LAW AND JURISDICTION. This Agreement shall be interpreted and enforced under the laws of the State of Florida. The parties will comply with the terms of the Agreement only to the extent they are enforceable or permitted under Florida law. Any litigation arising under this Agreement shall occur in a court having jurisdiction in Osceola County, Florida. THE PARTIES WAIVE TRIAL BY JURY AND AGREE TO SUBMIT TO PERSONAL JURISDICTION AND VENUE IN OSCEOLA COUNTY, FLORIDA.

SEVERABILITY. In the event that any provision of this Agreement is judicially construed to be invalid by a court of competent jurisdiction, such provision shall then be construed in a manner allowing its validity, or if this leads to an impracticable result, shall be stricken, but in either event, all other provisions of the Agreement shall remain in full force and effect.

NO WAIVER. No failure by either party to insist upon the strict performance of any covenant, duty, contract or condition of this Agreement or to exercise any right or remedy upon a breach thereof shall constitute a waiver of any such breach or of such or any other covenant, contract, term or condition. Any party hereto, by written notice executed by such party, may, but

shall be under no obligation to, waive any of its rights or any conditions to its obligations hereunder, or any duty, obligation, or covenant of any other party hereto. No waiver shall affect or alter this Agreement, but each and every covenant, contract, term and condition of this Agreement shall continue in full force and effect with respect to any other then-existing or subsequent breach thereof.

NO MODIFICATION. No modification, waiver, amendment, discharge or change of this Agreement shall be valid unless the same is in writing and signed by the parties against which such enforcement is or may be sought. This instrument contains the entire contract made between the parties and may not be modified orally or in any manner other than by a contract in writing signed by all parties hereto or their respective successors in interest.

TIME IS OF THE ESSENCE. The time for delivery and/or completion of the work to be performed under the Agreement shall be of the essence of the Agreement.

ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the parties as an arm’s length transaction. In addition to the representations and warranties contained herein, the Contractor acknowledges that prior to the execution of the Agreement it has thoroughly reviewed and inspected the Agreement documents, and satisfied itself regarding any error, inconsistency, discrepancy, ambiguity, omission, insufficiency of detail or explanation. Contractor further acknowledges that the parties have participated fully in the preparation of this Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, all Parties are deemed to have drafted, chosen and selected the language, and doubtful language will not be interpreted or construed against any Party.

COUNTERPARTS. This Agreement may be executed in any number of counterparts with the same effect as if all parties had signed the same document. All fully executed counterparts shall be construed together and shall constitute one and the same contract.

[Signatures provided on following page.]

SIGNATURE PAGE TO
TRI-PARTY LANDSCAPE MAINTENANCE AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed affective as of the day and year first above written.

SBS DISTRICT:

STONEYBROOK SOUTH COMMUNITY DEVELOPMENT
DISTRICT, a Florida community development district

By:	 Name: 	 Chairman/Vice-Chair, Board of Supervisors

SBS CG DISTRICT:

STONEYBROOK SOUTH AT CHAMPIONSGATE COMMUNITY DEVELOPMENT DISTRICT, a Florida
community development district

By:	 Name: 	 Chairman/Vice-Chair, Board of Supervisors

CONTRACTOR:

FLORALAWN, INC., a Florida corporation

By:		  Print: 	 Title: 		

EXHIBIT “A”

PROPOSAL

[ATTACHED]

P7

L:\53670 Stoneybrook South At Championsgate CDD\0.0001 SSCG CDD\ENGR\1 DWGs\CDD Exhibits\Maintenance Maps\SSCDD\SS- Maintenance Map.dwg (11X17-CDD) JohnV May 01, 2023 - 2:28pm

L10

CA4
LD5
CA7
LD6	CA6

LD1

UD1
LD2	DF1

PD1F

DF2

LD8
P8

OASIS CLUB LLC

P9

REVISED: 05/01/2023	

3409 W LEMON ST	LB #7013 CA #8474	431 E HORATIO AVE,
TAMPA, FL 33609	STE 260
TEL: 8I3.250.3535	www.HamiltonEngineering.US	MAITLAND, FL 32751
TEL: 407.362.5929	MAINTENANCE MAP - CDD STONEYBROOK SOUTH CDD	

	

	

SHEET 1 OF 2	

TRACT "PN4"

TRACT "WC7"

GOLF MAINTENANCE

0	260'	520'

QUAKER RIDGE LN.

PACIFIC DUNES DR

TRACT "PN5" TRACT "WC8"

SCALE: 1" = 520'

CDD POND AREAS
POND NAME	ACRES

GOLF COURSE

BLACKWOLF RUN RD

GOLF COURSE TRACT "PN3"
TRACT "PN2"

POND PN1-WATER	3.83
POND PN1-BANK	1.47
POND PN2-WATER	1.46
POND PN2-BANK	0.95
POND PN3-WATER	2.85
POND PN3-BANK	1.74
POND PN4-WATER	1.10
POND PN4-BANK	0.99
POND PN5-WATER	0.40
POND PN5-BANK	0.53
POND PN6-WATER	3.26
POND PN6-BANK	2.03
POND PN8-WATER	1.71
POND PN8-BANK	2.69
POND PN9-WATER	0.43
POND PN9-BANK	0.54
POND P1-BOTTOM	0.94
POND P1-BANK	1.98
POND P2-BOTTOM	1.79
POND P2-BANK	2.49
POND P3-WATER	2.57

CRUDEN BAY CT.

TRACT "PA1"

PEBBLE BEACH DR.

o                   o

o                     o

o

TRACT "SP" (SKINK PRESERVE. NO MAINTENANCE REQUIRES.)

TRACT "LA9"

OCEAN COURSE AVE.

TRACT "R6" TRACT "LA17"

BLACKWOLF RUN RD

STONEYBROOK

GOLF COURSE

OCEAN COURSE AVE.

CABOT CLIFFS DR.

GOLF COURSE

TRACT "R4"

o

o

TRACT "WC9"

TRACT "PN6"

GOLF COURSE

TRACT

"P5"

TRACT "LA14"

BETH PAGE LN

TRACT "LA4"

TRACT LS1
TRACT "LA11
TRACT "LA10

TRAPPERS TRAIL LOOP

GOLF COURSE

TRACT "PN1"

TRACT "LA2A" TRACT "GH1"
TRACT "LA3"
TRACT "LA2"

TRACT "W1"

TRACT "LA1"

L:\53670 Stoneybrook South At Championsgate CDD\0.0001 SSCG CDD\ENGR\1 DWGs\CDD Exhibits\Maintenance Maps\SS At CG\SS at CG Maintenance Map.dwg (11X17-CDD-NORTH-SHT1-2) JohnV Apr 11, 2023 - 10:51am

POND P3-BANK	2.50
POND P4-WATER	1.99
POND P4-BANK	2.57
POND P5-WATER	0.84
POND P5-BANK	0.51
POND F-WATER	1.88
POND F-BANK	1.43

TRACT "LA7"
TRACT "LA8"

TRACT "PN8"

TRACT "LA6"

FOX NORTH

TRACT "J"

TRACT "WC10" TRACT "PN9"

TRACT "F"

TRACT "LA9"

GREEN MILE RD.

TRACT "LA9"

o

TRACT "W2"

TRACT "LA8"

CABOT CLIFFS DR.

o

TRACT "RC3"

FOX SOUTH

TRACT "WC11"

TRACT "D"

TRACT

TRACT "LA8"

TRACT X

TRACT "LA7"

FOX NORTH

DROP SHOT DR.

(DOG PARK)

BACKSWING WY

STICKS ST.

TRACT "C"

"D"

FLUFFY LIE CT.

TRACT "P4"

TRACT "P3"

TRACT "LA10"

TRACT "LA7"

WESTSIDE BLVD EXT.

TRACT "M" TRACT "L"

TRACT "K"
TRACT "LA9"

TRACT "LA4"

TRACT "RC2"

TRACT "LA6"

SOMMERSET HILLS DR.

TRACT "LA12" TRACT "D1"

TRACT "P2"

TRACT "RC1"
TRACT "LA5" TRACT "LA11"

TRACT "GH1"

TRACT "P1"

DROP LN.

TRACT "LA2"

SOMMERSET HILLS DR.

TRACT "LA1"

CDD OWNED AND MAINTAINED
LANDSCPAPE/SOD	6.74 AC. TOTAL
WET PONDS	22.29 AC. TOTAL
DRY PONDS	3.14 AC. TOTAL SODDED POND SLOPE	 22.13 AC. TOTAL
WETLAND	85.37 AC. TOTAL

COUNTY OWNED AND MAINTAINED
OSCEOLA COUNTY - LANDSCAPE MEDIAN ISLANDS MAINTAINED BY CDD
COUNTY OWNED AND CDD MAINTAINED
LIFT STATION (TWA)

FOX SOUTH

SPLASH SHOT PL.

LEADER ST.

TRACT "LA3"

FALLEN OAK DR.

SOMMERSET HILLS DR.

BELLA CITTA BLVD.

CHALLENGE DR

LEADER ST.

NORTH PARCELS PHASE 5 FOX SOUTH MAINTENANCE MAP - CDD
STONEYBROOK SOUTH AT CHAMPIONSGATE CDD

431 E HORATIO AVE, STE 260
MAITLAND, FL 32751
TEL: 407.362.5929

3409 W LEMON ST TAMPA, FL 33609 TEL: 8I3.250.3535

LB #7013 CA #8474
www.HamiltonEngineering.US

SHEET 1 OF 2

DRAINAGE PIPE

TRACT "LA1"

TRACT "LA1"

REVISED: 04/11/2023

TRACT "PN4"

TRACT "WC7"

BLACKWOLF RUN RD

GOLF COURSE TRACT "PN3"
TRACT "PN2"

GOLF MAINTENANCE

0	260'	520'

SCALE: 1" = 520'

CDD POND AREAS
POND NAME	ACRES
POND PK1-WATER	0.28
POND PK1-BANK	0.70
POND PK2-WATER	1.40
POND PK2-BANK	0.91
POND PK3-WATER	0.44
POND PK3-BANK	0.77
POND PK4-WATER	0.22
POND PK4-BANK	0.42
POND RIB10-WATER	4.21
POND RIB10-BANK	2.90

CDD OWNED AND MAINTAINED
LANDSCPAPE/SOD	2.53 AC. TOTAL
WET PONDS	1.40 AC. TOTAL
DRY PONDS	5.15 AC. TOTAL SODDED POND SLOPE	 5.70 AC. TOTAL WETLAND	 24.65 AC. TOTAL DRAINAGE PIPE
COUNTY OWNED AND MAINTAINED
OSCEOLA COUNTY LIFT STATION (TWA)
COUNTY OWNED AND CDD MAINTAINED

OSCEOLA COUNTY

IL LOOP

GOLF COURSE

L:\53670 Stoneybrook South At Championsgate CDD\0.0001 SSCG CDD\ENGR\1 DWGs\CDD Exhibits\Maintenance Maps\SS At CG\SS at CG Maintenance Map.dwg (11X17-CDD-TRACT K-SHT2-2) JohnV Apr 10, 2023 - 4:43pm

T
"
CT "

TRACT "PN1"

TRACT "LA12"

TRACT "AT2"
TRACT "AT1"	TRACT "LA11"
TOHO WATER AUTHORITY (LS1)
TRACT "LA10" TRACT "GL4"

TRACT "LA18"

TRACT "PK3"

TRACT "WC5"	TRACT "PK1"

TRACT "WC4"

TRACT "LA2A"

TRACT "PK2"

TRACT "GL3" TRACT "PK4"

BALLY NEAL

LOOP

TRACT "LA18"

TRACT
"PARK"

TRACT "LA4"
TRACT "LA7"
TRACT

TRACT "GH1" TRACT "LA3"

TRACT "LA1"

TRACT "GL2"

OLYMPIC CLUB BLVD

"LA17"

TRACT "LA8"

FAZIO CT

TRACT "W1"

TRACT "LA2"

TRACT K

TRACT "LA15"

TRACT "LA3"

TRACT "LA6"

TRACT "LA14"

o

FOX SOUTH

GOLF COURSE

TRACT "GC1"

TRACT RIB10

TRACT "LA13" TRACT "LA16" TRACT "GL1"

TRACT "LA1"

TRACT "LA5" TRACT "LA2"

TRACT "RC3"
TRACT "LA8"

A10"

CT "LA7"
TRACT "RC2"

TRACT "LA6"

TRACT "P3"

TRACT K MAINTENANCE MAP - CDD
STONEYBROOK SOUTH AT CHAMPIONSGATE CDD

431 E HORATIO AVE, STE 260
MAITLAND, FL 32751
TEL: 407.362.5929

3409 W LEMON ST TAMPA, FL 33609 TEL: 8I3.250.3535

LB #7013 CA #8474
www.HamiltonEngineering.US

SHEET 2 OF 2

A4" "RC1" "

R.

TRACT "P1"

DROP LN.

TRACT "LA2"

REVISED: 04/10/2023

Section B

RESOLUTION 2023-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT DESIGNATING THE DISTRICT’S APPOINTED TREASURER, ASSISTANT TREASURER, AND SECRETARY OF THE DISTRICT AS SIGNORS ON THE DISTRICT’S LOCAL BANK ACCOUNT; AND PROVIDING FOR AN EFFECTIVE DATE.

Whereas, Stoneybrook South Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, and situated entirely within Osceola County, Florida; and

Whereas, the District’s Board of Supervisors desires to designate the District’s appointed Treasurer, Assistant Treasurer, and Secretary as signors on the District’s local bank account.

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

Section 1.	The District’s appointed Treasurer, Assistant Treasurer, and Secretary shall be appointed as signors on the District’s local bank account.

SECTION 2.  This Resolution shall take effect immediately upon its adoption.

Passed and adopted this 7th day of August, 2023.

ATTEST:	STONEYBROOK		SOUTH COMMUNITY	DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Section C

Stoneybrook South Community Development District
$9,300,000 Stoneybrook South Community Development District (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2013 (Assessment Area One Project)

For the period ended May 1, 2023

  
Tax - Exempt Bond Services

LLS Tax Solutions Inc. 2172 W. Nine Mile Rd. #352
Pensacola, FL 32534
Telephone: 850-754-0311 Email: liscott@llstax.com

July 13, 2023

Stoneybrook South Community Development District c/o Governmental Management Services-CF LLC 1408 Hamlin Avenue, Unit E
St. Cloud, Florida 34771

Re: $9,300,000 Stoneybrook South Community Development District (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2013 (Assessment Area One Project) (“Bonds”)

Stoneybrook South Community Development District (“Client”) has requested that we prepare certain computations related to the above-described Bonds for the period ended May 1, 2023 (“Computation Period”). The scope of our engagement consisted of the preparation of computations to determine the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(f) of the Internal Revenue Code of 1986, as amended (“Code”), and this report is not to be used for any other purpose.

In order to prepare these computations, we were provided by the Client with and have relied upon certain closing documents for the Bonds and investment earnings information on the proceeds of the Bonds during the Computation Period. The attached schedule is based upon the aforementioned information provided to us. The assumptions and computational methods we used in the preparation of the schedule are described in the Summary of Notes, Assumptions, Definitions and Source Information. A brief description of the schedule is also attached.

The results of our computations indicate a negative Cumulative Rebate Requirement of $(490,481.01) at May 1, 2023. As such, no amount must be on deposit in the Rebate Fund. Also, as the Bonds were refunded on May 1, 2023, no further arbitrage calculations will be necessary.

As specified in the Form 8038G, the calculations have been performed based upon a Bond Yield of 6.3726%. Accordingly, we have not recomputed the Bond Yield.

The scope of our engagement was limited to the preparation of a mathematically accurate Rebate Requirement for the Bonds for the Computation Period based on the information provided to us. The Rebate Requirement has been determined as described in the Code, and regulations promulgated thereunder (“Regulations”). We have no obligation to update this report because of events occurring, or information coming to our attention, subsequent to the date of this report.

LLS Tax Solutions Inc.

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$9,300,000 (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2013 (Assessment Area One Project)
For the period ended May 1, 2023

NOTES AND ASSUMPTIONS

The issue date of the Bonds is June 18, 2013.

The end of the first Bond Year for the Bonds is June 17, 2014.

Computations of yield are based upon a 30-day month, a 360-day year and semiannual compounding.

We have assumed that the only funds and accounts relating to the Bonds that are subject to rebate under Section 148(f) of the Code are shown in the attached schedule.

For investment cash flow purposes, all payments and receipts are assumed to be paid or received, respectively, as shown in the attached schedule. In determining the Rebate Requirement for the Bonds, we have relied on information provided by you without independent verification, and we can therefore express no opinion as to the completeness or suitability of such information for such purposes. In addition, we have undertaken no responsibility to review the tax-exempt status of interest on the Bonds.

We have assumed that the purchase and sale prices of all investments as represented to us are at fair market value, exclusive of brokerage commissions, administrative expenses, or similar expenses, and representative of arms’ length transactions that did not artificially reduce the Rebate Requirement for the Bonds, and that no “prohibited payments” occurred and no “imputed receipts” are required with respect to the Bonds.

Ninety percent (90%) of the Rebate Requirement as of the next “computation date” (“Next Computation Date”) is due to the United States Treasury not later than 60 days thereafter (“Next Payment Date”). (An issuer may select any date as a computation date, as long as the first computation date is not later than five years after the issue date, and each subsequent computation date is no more than five years after the previous computation date.) No other payment of rebate is required prior to the Next Payment Date. The Rebate Requirement as of the Next Computation Date will not be the Rebate Requirement reflected herein, but will be based on future computations that will include the period ending on the Next Computation Date. If all of the Bonds are retired prior to what would have been the Next Computation Date, one hundred percent (100%) of the unpaid Rebate Requirement computed as of the date of retirement will be due to the United States Treasury not later than 60 days thereafter.

For purposes of determining what constitutes an “issue” under Section 148(f) of the Code, we have assumed that the Bonds constitute a single issue and are not required to be aggregated with any other bonds.

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$9,300,000 (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2013 (Assessment Area One Project)
For the period ended May 1, 2023

NOTES AND ASSUMPTIONS (cont’d)

The accrual basis of accounting has been used to calculate earnings on investments. Earnings accrued but not received at the last day of the Computation Period are treated as though received on that day. For investments purchased at a premium or a discount (if any), amortization or accretion is included in the earnings accrued at the last day of the Computation Period. Such amortization or accretion is computed in such a manner as to result in a constant rate of return for such investment. This is equivalent to the “present value” method of valuation that is described in the Regulations.

No provision has been made in this report for any debt service fund. Under Section 148(f)(4)(A) of the Code, a “bona fide debt service fund” for public purpose bonds issued after November 10, 1988, is not subject to rebate if the average maturity of the issue of bonds is at least five years and the rates of interest on the bonds are fixed at the issue date. It appears and has been assumed that the debt service fund allocable to the Bonds qualifies as a bona fide debt service fund, and that this provision applies to the Bonds.

The Bonds were issued to provide funds to the District that will be used, along with other legally available moneys, to: (i) currently refund $3,825,000 of the District's Special Assessment Revenue Bonds, Series 2007A, originally issued in the aggregate principal amount of $9,220,000;
(ii) currently refund $5,465,000 of the District's Special Assessment Revenue Bonds, Series 2007B, originally issued in the aggregate principal amount of $39,250,000; (iii) pay interest on the Assessment Area One Bonds through at least November 1, 2013, (iv) fund the Assessment Area One Reserve Account in an amount equal to the Assessment Area One Reserve Requirement; and (v) pay the costs of issuance of the Assessment Area One Bonds.

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$9,300,000 (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2013 (Assessment Area One Project)
For the period ended May 1, 2023

DEFINITIONS

Bond Year: Each one-year period that ends on the day selected by the Client. The first and last Bond Years may be shorter periods.

Bond Yield: The yield that, when used in computing the present value (at the issue date of the Bonds) of all scheduled payments of principal and interest to be paid over the life of the Bonds, produces an amount equal to the Issue Price.

Allowable Earnings: The amount that would have been earned if all nonpurpose investments were invested at a rate equal to the Bond Yield, which amount is determined under a future value method described in the Regulations.

Computation Date Credit: A credit allowed by the Regulations as a reduction to the Rebate Requirement on certain prescribed dates.

Rebate Requirement: The excess of actual earnings over Allowable Earnings and Computation Date Credits.

Issue Price: Generally, the initial offering price at which a substantial portion of the Bonds is sold to the public. For this purpose, 10% is a substantial portion.

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$9,300,000 (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2013 (Assessment Area One Project)
For the period ended May 1, 2023

SOURCE INFORMATION

Bonds	Source

Closing Date	Form 8038G

Bond Yield	Form 8038G

Investments	Source

Principal and Interest Receipt Amounts	Trust Statements and Dates

Investment Dates and Purchase Prices	Trust Statements

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$9,300,000 (Osceola County, Florida) Special Assessment Refunding Bonds, Series 2013 (Assessment Area One Project)
For the period ended May 1, 2023

DESCRIPTION OF SCHEDULE

SCHEDULE 1 - REBATE REQUIREMENT CALCULATION

Schedule 1 sets forth the amount of interest receipts and gains/losses on sales of investments and the calculation of the Rebate Requirement.

$9,300,000 STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)	
SPECIAL ASSESSMENT REFUNDING BONDS, SERIES 2013 (ASSESSMENT AREA ONE PROJECT)	

SCHEDULE 1 - REBATE REQUIREMENT CALCULATION

6	/	18	/	2013	
6	/	18	/	2018	
5	/	1	/	2023	

ISSUE DATE	
BEGINNING OF COMPUTATION PERIOD	
COMPUTATION DATE	

 FUND/ACCOUNT		
BEGINNING BALANCE	
INTEREST ACCRUAL REVERSAL	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	

	DATE	

INVESTMENT VALUE AT

EARNINGS	
ON	
  INVESTMENTS 	
0.00	
(592.09)	
1,015.79	
1,097.90	
1,123.97	
1,133.13	
1,286.73	
1,281.40	
0.00	
1,377.88	
1,438.98	
1,290.97	
0.00	
1,437.43	
1,393.16	
1,423.37	
1,352.29	
1,389.05	
1,255.00	
0.00	
1,194.23	
1,085.32	
947.33	
939.51	
918.72	
858.44	
0.00	
473.83	
97.81	
49.11	

OTHER	
DEPOSITS	
 (WITHDRAWALS)	
737,662.44	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(6,020.51)	
0.00	
0.00	
0.00	
(7,809.09)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(8,250.30)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(5,943.55)	
0.00	
0.00	
0.00	

FUTURE VALUE	
AT BOND YIELD	
	6.3726%		
1,001,200.84	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(7,928.75)	
0.00	
0.00	
0.00	
(10,110.09)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(10,338.86)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(7,225.72)	
0.00	
0.00	
0.00	

ALLOWABLE	
   EARNINGS		
263,538.40	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(1,908.24)	
0.00	
0.00	
0.00	
(2,301.00)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(2,088.56)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(1,282.17)	
0.00	
0.00	
0.00	

 COMPUTATION DATE 

6	/	18	/	2018	
6	/	18	/	2018	
7	/	2	/	2018	
8	/	1	/	2018	
9	/	4	/	2018	
10	/	1	/	2018	
11	/	1	/	2018	
12	/	3	/	2018	
12	/	11	/	2018	
1	/	2	/	2019	
2	/	1	/	2019	
3	/	1	/	2019	
3	/	19	/	2019	
4	/	1	/	2019	
5	/	1	/	2019	
6	/	3	/	2019	
7	/	1	/	2019	
8	/	1	/	2019	
9	/	3	/	2019	
9	/	26	/	2019	
10	/	1	/	2019	
11	/	1	/	2019	
12	/	2	/	2019	
1	/	2	/	2020	
2	/	3	/	2020	
3	/	2	/	2020	
3	/	20	/	2020	
4	/	1	/	2020	
5	/	1	/	2020	
6	/	1	/	2020	

$9,300,000 STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)	
SPECIAL ASSESSMENT REFUNDING BONDS, SERIES 2013 (ASSESSMENT AREA ONE PROJECT)	

SCHEDULE 1 - REBATE REQUIREMENT CALCULATION

6	/	18	/	2013	
6	/	18	/	2018	
5	/	1	/	2023	

ISSUE DATE	
BEGINNING OF COMPUTATION PERIOD	
COMPUTATION DATE	

 FUND/ACCOUNT		
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	

	DATE	

INVESTMENT VALUE AT

EARNINGS	
ON	
  INVESTMENTS 	
34.77	
37.45	
33.79	
0.00	
21.73	
21.45	
15.70	
16.22	
16.21	
16.35	
18.07	
11.47	
0.00	
6.60	
6.04	
6.24	
6.24	
6.04	
0.00	
6.24	
6.03	
0.07	
6.24	
6.24	
5.63	
55.41	
135.15	
0.00	
351.08	
586.06	

OTHER	
DEPOSITS	
 (WITHDRAWALS)	
0.00	
0.00	
0.00	
(726.76)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(107.66)	
0.00	
0.00	
0.00	
0.00	
0.00	
(54.66)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(36.49)	
0.00	
0.00	

FUTURE VALUE	
AT BOND YIELD	
	6.3726%		
0.00	
0.00	
0.00	
(856.11)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(121.99)	
0.00	
0.00	
0.00	
0.00	
0.00	
(60.05)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(38.83)	
0.00	
0.00	

ALLOWABLE	
   EARNINGS		
0.00	
0.00	
0.00	
(129.35)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(14.33)	
0.00	
0.00	
0.00	
0.00	
0.00	
(5.39)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(2.34)	
0.00	
0.00	

 COMPUTATION DATE 

7	/	1	/	2020	
8	/	3	/	2020	
9	/	1	/	2020	
9	/	21	/	2020	
10	/	1	/	2020	
11	/	2	/	2020	
12	/	1	/	2020	
1	/	4	/	2021	
2	/	1	/	2021	
3	/	1	/	2021	
4	/	1	/	2021	
5	/	3	/	2021	
5	/	4	/	2021	
6	/	1	/	2021	
7	/	1	/	2021	
8	/	2	/	2021	
9	/	1	/	2021	
10	/	1	/	2021	
11	/	1	/	2021	
11	/	1	/	2021	
12	/	1	/	2021	
12	/	29	/	2021	
1	/	3	/	2022	
2	/	1	/	2022	
3	/	1	/	2022	
4	/	1	/	2022	
5	/	2	/	2022	
5	/	5	/	2022	
6	/	1	/	2022	
7	/	1	/	2022	

$9,300,000 STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)	
SPECIAL ASSESSMENT REFUNDING BONDS, SERIES 2013 (ASSESSMENT AREA ONE PROJECT)	

SCHEDULE 1 - REBATE REQUIREMENT CALCULATION

6	/	18	/	2013	
6	/	18	/	2018	
5	/	1	/	2023	

ISSUE DATE	
BEGINNING OF COMPUTATION PERIOD	
COMPUTATION DATE	

 FUND/ACCOUNT		
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	

	DATE	
8 /	1 /  2022
9 /	1 /  2022
10 /	3 /  2022
11 /	1 /  2022
11 /	1 /  2022
12 /	1 /  2022
1 /	3 /  2023
2 /	1 /  2023
2 /	8 /  2023
2 /	8 /  2023

INVESTMENT VALUE AT

EARNINGS	
ON	
  INVESTMENTS 	
907.63	
1,283.53	
1,439.24	
0.00	
1,843.18	
2,199.57	
2,476.56	
2,634.12	
0.00	
        0.00 	
     39,485.61 	

OTHER	
DEPOSITS	
 (WITHDRAWALS)	
0.00	
0.00	
0.00	
(3,318.86)	
0.00	
0.00	
0.00	
0.00	
(742,246.05)	
	(2,634.12)	
	(39,485.61)	

FUTURE VALUE	
AT BOND YIELD	
	6.3726%		
0.00	
0.00	
0.00	
(3,424.61)	
0.00	
0.00	
0.00	
0.00	
(753,059.29)	
	(2,672.49)	
	205,364.05 	

ALLOWABLE	
   EARNINGS		
0.00	
0.00	
0.00	
(105.75)	
0.00	
0.00	
0.00	
0.00	
(10,813.24)	
       (38.37)	
    244,849.66 	

 COMPUTATION DATE 

 	
	0.00 

ACTUAL EARNINGS	
ALLOWABLE EARNINGS	

39,485.61
	244,849.66 

REBATE REQUIREMENT	
FUTURE VALUE OF 6/17/2018 CUMULATIVE REBATE REQUIREMENT	
FUTURE VALUE OF 6/17/2019 COMPUTATION DATE CREDIT	
FUTURE VALUE OF 6/17/2020 COMPUTATION DATE CREDIT	
FUTURE VALUE OF 6/17/2021 COMPUTATION DATE CREDIT	
FUTURE VALUE OF 6/17/2022 COMPUTATION DATE CREDIT	
COMPUTATION DATE CREDIT	

(205,364.05)	
(274,909.06)	
(2,205.67)	
(2,107.48)	
(2,001.83)	
(1,932.92)	
     (1,960.00)	

CUMULATIVE REBATE REQUIREMENT		(490,481.01)

Stoneybrook South Community Development District
$14,785,000 Stoneybrook South Community Development District (Osceola County, Florida) Special Assessment Bonds, Series 2014 (Assessment Area Two-A Project)

For the period ended June 11, 2023

  
Tax - Exempt Bond Services

LLS Tax Solutions Inc. 2172 W. Nine Mile Rd. #352
Pensacola, FL 32534
Telephone: 850-754-0311 Email: liscott@llstax.com

July 13, 2023

Stoneybrook South Community Development District c/o Governmental Management Services-CF, LLC 1408 Hamlin Avenue, Unit E
St. Cloud, Florida 34771

Re: $14,785,000 Stoneybrook South Community Development District (Osceola County, Florida) Special Assessment Bonds, Series 2014 (Assessment Area Two-A Project) (“Bonds”)

Stoneybrook South Community Development District (“Client”) has requested that we prepare certain computations related to the above-described Bonds for the period ended June 11, 2023 (“Computation Period”). The scope of our engagement consisted of the preparation of computations to determine the Rebate Requirement for the Bonds for the Computation Period as described in Section 148(f) of the Internal Revenue Code of 1986, as amended (“Code”), and this report is not to be used for any other purpose.

In order to prepare these computations, we were provided by the Client with and have relied upon certain closing documents for the Bonds and investment earnings information on the proceeds of the Bonds during the Computation Period. The attached schedule is based upon the aforementioned information provided to us. The assumptions and computational methods we used in the preparation of the schedule are described in the Summary of Notes, Assumptions, Definitions and Source Information. A brief description of the schedule is also attached.

The results of our computations indicate a negative Cumulative Rebate Requirement of $(2,066,363.93) at June 11, 2023. As such, no amount must be on deposit in the Rebate Fund.

As specified in the Form 8038G, the calculations have been performed based upon a Bond Yield of 5.4541%. Accordingly, we have not recomputed the Bond Yield.

The scope of our engagement was limited to the preparation of a mathematically accurate Rebate Requirement for the Bonds for the Computation Period based on the information provided to us. The Rebate Requirement has been determined as described in the Code, and regulations promulgated thereunder (“Regulations”). We have no obligation to update this report because of events occurring, or information coming to our attention, subsequent to the date of this report.

LLS Tax Solutions Inc.

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$14,785,000 Special Assessment Bonds, Series 2014 (Assessment Area Two-A Project) For the period ended June 11, 2023

NOTES AND ASSUMPTIONS

The issue date of the Bonds is June 12, 2014.

The end of the first Bond Year for the Bonds is June 11, 2015.

Computations of yield are based upon a 30-day month, a 360-day year and semiannual compounding.

We have assumed that the only funds and accounts relating to the Bonds that are subject to rebate under Section 148(f) of the Code are shown in the attached schedule.

For investment cash flow purposes, all payments and receipts are assumed to be paid or received, respectively, as shown in the attached schedule. In determining the Rebate Requirement for the Bonds, we have relied on information provided by you without independent verification, and we can therefore express no opinion as to the completeness or suitability of such information for such purposes. In addition, we have undertaken no responsibility to review the tax-exempt status of interest on the Bonds.

We have assumed that the purchase and sale prices of all investments as represented to us are at fair market value, exclusive of brokerage commissions, administrative expenses, or similar expenses, and representative of arms’ length transactions that did not artificially reduce the Rebate Requirement for the Bonds, and that no “prohibited payments” occurred and no “imputed receipts” are required with respect to the Bonds.

Ninety percent (90%) of the Rebate Requirement as of the next “computation date” (“Next Computation Date”) is due to the United States Treasury not later than 60 days thereafter (“Next Payment Date”). (An issuer may select any date as a computation date, as long as the first computation date is not later than five years after the issue date, and each subsequent computation date is no more than five years after the previous computation date.) No other payment of rebate is required prior to the Next Payment Date. The Rebate Requirement as of the Next Computation Date will not be the Rebate Requirement reflected herein, but will be based on future computations that will include the period ending on the Next Computation Date. If all of the Bonds are retired prior to what would have been the Next Computation Date, one hundred percent (100%) of the unpaid Rebate Requirement computed as of the date of retirement will be due to the United States Treasury not later than 60 days thereafter.

For purposes of determining what constitutes an “issue” under Section 148(f) of the Code, we have assumed that the Bonds constitute a single issue and are not required to be aggregated with any other bonds.

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$14,785,000 Special Assessment Bonds, Series 2014 (Assessment Area Two-A Project) For the period ended June 11, 2023

NOTES AND ASSUMPTIONS (cont’d)

The accrual basis of accounting has been used to calculate earnings on investments. Earnings accrued but not received at the last day of the Computation Period are treated as though received on that day. For investments purchased at a premium or a discount (if any), amortization or accretion is included in the earnings accrued at the last day of the Computation Period. Such amortization or accretion is computed in such a manner as to result in a constant rate of return for such investment. This is equivalent to the “present value” method of valuation that is described in the Regulations.

No provision has been made in this report for any debt service fund. Under Section 148(f)(4)(A) of the Code, a “bona fide debt service fund” for public purpose bonds issued after November 10, 1988, is not subject to rebate if the average maturity of the issue of bonds is at least five years and the rates of interest on the bonds are fixed at the issue date. It appears and has been assumed that the debt service fund allocable to the Bonds qualifies as a bona fide debt service fund, and that this provision applies to the Bonds.

The Bonds were issued to provide funds to the District that will be used to: (i) pay the costs of certain offsite road way improvements, stormwater management and control facilities, including earthwork and acquisition of certain interest in land, water and wastewater systems, landscaping and irrigation in public rights-of-way, entrance features, and related soft and incidental costs (collectively, the "Assessment Area Two-A Project"), (ii) fund the Assessment Area Two-A Reserve Account of the Reserve Fund in an amount equal to the Assessment Area Two-A Reserve Requirement, (iii) pay interest on the Assessment Area Two-A Bonds through at least November 1, 2014, and (iv) pay the costs of issuance of the Assessment Area Two-A Bonds.

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$14,785,000 Special Assessment Bonds, Series 2014 (Assessment Area Two-A Project) For the period ended June 11, 2023

DEFINITIONS

Bond Year: Each one-year period that ends on the day selected by the Client. The first and last Bond Years may be shorter periods.

Bond Yield: The yield that, when used in computing the present value (at the issue date of the Bonds) of all scheduled payments of principal and interest to be paid over the life of the Bonds, produces an amount equal to the Issue Price.

Allowable Earnings: The amount that would have been earned if all nonpurpose investments were invested at a rate equal to the Bond Yield, which amount is determined under a future value method described in the Regulations.

Computation Date Credit: A credit allowed by the Regulations as a reduction to the Rebate Requirement on certain prescribed dates.

Rebate Requirement: The excess of actual earnings over Allowable Earnings and Computation Date Credits.

Issue Price: Generally, the initial offering price at which a substantial portion of the Bonds is sold to the public. For this purpose, 10% is a substantial portion.

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$14,785,000 Special Assessment Bonds, Series 2014 (Assessment Area Two-A Project) For the period ended June 11, 2023

SOURCE INFORMATION

Bonds	Source

Closing Date	Form 8038G

Bond Yield	Form 8038G

Investments	Source

Principal and Interest Receipt Amounts	Trust Statements and Dates

Investment Dates and Purchase Prices	Trust Statements

SUMMARY OF NOTES, ASSUMPTIONS, DEFINITIONS, SOURCE INFORMATION, AND DESCRIPTION OF SCHEDULE

Stoneybrook South Community Development District July 13, 2023
$14,785,000 Special Assessment Bonds, Series 2014 (Assessment Area Two-A Project) For the period ended June 11, 2023

DESCRIPTION OF SCHEDULE

SCHEDULE 1 - REBATE REQUIREMENT CALCULATION

Schedule 1 sets forth the amount of interest receipts and gains/losses on sales of investments and the calculation of the Rebate Requirement.

$14,785,000 STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)	
SPECIAL ASSESSMENT BONDS, SERIES 2014 (ASSESSMENT AREA TWO-A PROJECT)	

SCHEDULE 1 - REBATE REQUIREMENT CALCULATION

6	/	12	/	2014	
6	/	12	/	2019	
6	/	11	/	2023	

ISSUE DATE	
BEGINNING OF COMPUTATION PERIOD	
COMPUTATION DATE	

 FUND/ACCOUNT		
BEGININING BALANCE	
INTEREST ACCRUAL REVERSAL	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	

	DATE	

INVESTMENT VALUE AT

EARNINGS	
ON	
 INVESTMENTS 	
0.00	
(401.89)	
1,104.98	
1,135.02	
1,025.48	
977.53	
896.79	
782.77	
776.30	
759.13	
709.32	
0.00	
390.80	
79.92	
40.13	
28.41	
30.60	
27.61	
0.00	
17.76	
17.52	
12.83	
13.25	
13.24	
13.36	
14.76	
9.37	
0.00	
5.39	
4.93	
5.10	
5.09	
4.93	
0.00	
5.10	
4.93	

OTHER	
DEPOSITS	
 (WITHDRAWALS)	
603,877.85	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(11,643.28)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(597.47)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(87.96)	
0.00	
0.00	
0.00	
0.00	
0.00	
(44.64)	
0.00	
0.00	

FUTURE VALUE	
AT BOND YIELD	
	5.4541%		
748,794.62	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(13,849.77)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(691.72)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(98.50)	
0.00	
0.00	
0.00	
0.00	
0.00	
(48.68)	
0.00	
0.00	

ALLOWABLE	
  EARNINGS		
144,916.77	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(2,206.49)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(94.25)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(10.54)	
0.00	
0.00	
0.00	
0.00	
0.00	
(4.04)	
0.00	
0.00	

 COMPUTATION DATE 

6	/	12	/	2019	
6	/	12	/	2019	
7	/	1	/	2019	
8	/	1	/	2019	
9	/	3	/	2019	
10	/	1	/	2019	
11	/	1	/	2019	
12	/	2	/	2019	
1	/	2	/	2020	
2	/	3	/	2020	
3	/	2	/	2020	
3	/	20	/	2020	
4	/	1	/	2020	
5	/	1	/	2020	
6	/	1	/	2020	
7	/	1	/	2020	
8	/	3	/	2020	
9	/	1	/	2020	
9	/	21	/	2020	
10	/	1	/	2020	
11	/	2	/	2020	
12	/	1	/	2020	
1	/	4	/	2021	
2	/	1	/	2021	
3	/	1	/	2021	
4	/	1	/	2021	
5	/	3	/	2021	
5	/	4	/	2021	
6	/	1	/	2021	
7	/	1	/	2021	
8	/	2	/	2021	
9	/	1	/	2021	
10	/	1	/	2021	
11	/	1	/	2021	
11	/	1	/	2021	
12	/	1	/	2021	

$14,785,000 STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT (OSCEOLA COUNTY, FLORIDA)	
SPECIAL ASSESSMENT BONDS, SERIES 2014 (ASSESSMENT AREA TWO-A PROJECT)	

SCHEDULE 1 - REBATE REQUIREMENT CALCULATION

6	/	12	/	2014	
6	/	12	/	2019	
6	/	11	/	2023	

ISSUE DATE	
BEGINNING OF COMPUTATION PERIOD	
COMPUTATION DATE	

 FUND/ACCOUNT		
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
RESERVE ACCOUNT	
INTEREST ACCRUAL	

	DATE	
12 /  29 /  2021
1 /	3 /  2022
2 /	1 /  2022
3 /	1 /  2022
4 /	1 /  2022
5 /	2 /  2022
5 /	5 /  2022
6 /	1 /  2022
7 /	1 /  2022
8 /	1 /  2022
9 /	1 /  2022
10 /	3 /  2022
11 /	1 /  2022
11 /	1 /  2022
12 /	1 /  2022
1 /	3 /  2023
2 /	1 /  2023
3 /	1 /  2023
4 /	3 /  2023
5 /	1 /  2023
5 /	3 /  2023
6 /	1 /  2023
6 /  11 /  2023

INVESTMENT VALUE AT

EARNINGS	
ON	
 INVESTMENTS 	
0.06	
5.10	
5.10	
4.60	
45.28	
110.43	
0.00	
286.88	
478.88	
741.64	
1,048.79	
1,176.03	
0.00	
1,506.10	
1,797.31	
2,023.64	
2,152.39	
2,063.06	
2,337.06	
2,362.48	
0.00	
2,530.81	
      914.85 	
     30,100.95 	

OTHER	
DEPOSITS	
 (WITHDRAWALS)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(29.82)	
0.00	
0.00	
0.00	
0.00	
0.00	
(2,711.90)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(10,718.53)	
0.00	
	0.00 	
	578,044.25 	

FUTURE VALUE	
AT BOND YIELD	
	5.4541%		
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(31.64)	
0.00	
0.00	
0.00	
0.00	
0.00	
(2,802.56)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(10,779.58)	
0.00	
	0.00 	
	720,492.17 	

ALLOWABLE	
  EARNINGS		
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(1.82)	
0.00	
0.00	
0.00	
0.00	
0.00	
(90.66)	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
0.00	
(61.05)	
0.00	
       0.00 	
    142,447.92 	

 COMPUTATION DATE 

 	
	608,145.20 

ACTUAL EARNINGS	
ALLOWABLE EARNINGS	

30,100.95
	142,447.92 

REBATE REQUIREMENT	
FUTURE VALUE OF 6/11/2019 CUMULATIVE REBATE REQUIREMENT	
FUTURE VALUE OF 6/11/2020 COMPUTATION DATE CREDIT	
FUTURE VALUE OF 6/11/2021 COMPUTATION DATE CREDIT	
FUTURE VALUE OF 6/11/2022 COMPUTATION DATE CREDIT	
COMPUTATION DATE CREDIT	

(112,346.97)	
(1,946,075.20)	
(2,068.34)	
(1,982.25)	
(1,931.17)	
     (1,960.00)	

CUMULATIVE REBATE REQUIREMENT		(2,066,363.93)

Section D

BOARD OF SUPERVISORS MEETING DATES STONEYBROOK SOUTH COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2024

The Board of Supervisors of the Stoneybrook South Community Development District will hold their regular meetings for Fiscal Year 2024 at 10:00 a.m., at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, FL 33896, on the first Monday of every other month, unless otherwise indicated, as follows:

October 2, 2023
December 4, 2023
February 5, 2024
April 1, 2024
June 3, 2024
August 5, 2024

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from the District Manager, Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, FL 32801 or by calling (407) 841-5524.

There may be occasions when one or more Supervisors or staff will participate by speaker telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

George S. Flint District Manager
Governmental Management Services – Central Florida, LLC

Section VII

Section B

Section 1

June 6, 2023

Mr. George S. Flint, District Manager
Stoneybrook South Community Development District Government Management Services - Central Florida, LLC 219 East Livingston Street
Orlando, FL 32801

RE: Master Trust Indenture
Stoneybrook South Community Development District Annual Project Inspection Report

Dear Mr. Flint:

TAMPA OFFICE
3409 w. lemon street tampa, fl 33609
813.250.3535

ORLANDO OFFICE
431 E. Horatio
Ave., Suite 260
Maitland, Fl 32751
407.362.5929

In accordance with section 9.21 of the Stoneybrook South Community Development District’s Master Trust Indenture, an annual inspection is required to report on whether the project in being maintained in good repair, working order, and condition.
This letter is to confirm that Hamilton Engineering & Surveying, LLC inspected the facilities that are owned and maintained by the District on June 1, 2023. Based on this inspection, the constructed portions of the project are in good condition and are well maintained. No deficiencies were observed within the master stormwater management system that would preclude its normal operation. Minor maintenance items have been identified and a list has been sent to the District Manager for review and completion. Generally, the project is in excellent condition.
We reviewed the Operation and Maintenance budget for Fiscal Year 2023 and believe that it is sufficient for the proper operation and maintenance of the District’s infrastructure. Regarding property insurance, we have reviewed the current policy coverage and limits and believe this to be adequate for the community.
If you have any questions or concerns, please do not hesitate to contact my office.

Sincerely,

David A. Reid, PE
VP, Director of Engineering - Orlando

Hamilton Engineering & Surveying, LLC

www.hamiltonengineering.us

Section 2

June 28, 2023

Fremont-Wright, LLC
813 Ridge Lake Blvd. Memphis, TN 38120
Phone: (901) 425-9204
www.fremontwright.com

Stoneybrook South at ChampionsGate Community Development District Stoneybrook South Community Development District
Shingle Creek Community Development District
Shingle Creek at Bronson Community Development District Old Hickory Community Development District Knightsbridge Community Development District

219 E. Livingston Street Orlando, FL 32801 Attn: District Manager

Latham, Luna, Eden & Beaudine 201 S. Orange Avenue, Suite 1400
Orlando, Florida 32801 Attn: Jan A. Carpenter

To Whom It May Concern:

On June 3, 2019, Stoneybrook South at ChampionsGate Community Development District (the “District”) entered an Agreement for Professional Engineering Services with Hamilton Engineering & Surveying, Inc. (“Agreement”). Hamilton Engineering & Surveying, Inc. (“Hamilton”) is a wholly owned subsidiary of Fremont-Wright, LLC (“Freemont-Wright”), which owns various architecture, engineering, and surveying companies across the country.
Freemont-Wright recently transferred some of the Hamilton employees to an affiliate, Madden, Moorhead, & Stokes, LLC (“MMS”), which is also a wholly owned subsidiary of Freemont- Wright. Accordingly, we are writing to request that the District consent in writing pursuant to Article 21 of the Agreement to an assignment of the Agreement from Hamilton to MMS. There will be no change or disruption in the professionals working on the project. The sole reason for this request is for billing and accounting efficiency, as the alternative is for Hamilton to enter a subcontractor agreement with MMS for the ongoing project. Thank you in advance for the consideration, and please let me know if any additional information is needed.

Sincerely,

Section D

1

Stoneybrook South
Community Development District

August 7, 2023
Alan Scheerer - Field Services Manager GMS

Stoneybrook South CDD Field Management Report | GMS 2023

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

Stoneybrook South Community Development District

Field Management Report August 7, 2023

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

RE:	Stoneybrook South CDD- August 7, 2023
The following is a summary of items related to the field operations and management of the Stoneybrook South Community Development District.

Completed Items

Stoneybrook South CDD Field Management Report | GMS 2023

Architectural Fountain

2

Completed Items

Irrigation Repairs

Irrigation Inspections ongoing. Repairs made as needed.

All monument lights are working as of this report.

Completed Items

The fountain on Tee box #8 is not working. Contractor is awaiting parts and will repair as soon as possible.

Two palm trees near the traffic circle have been replaced with Sable Palms.

Staff continues to meet with DTE to review the property and all landscape and irrigation. Repairs to irrigation system completed as approved.
F&P crews continue to work on turf and plants. Selective weed control on St. Augustine property wide. Dry ponds are being disked.
We have begun removing Juniper at some of the entrances. I am working with DTE on a replacement plan.
Lorapetlum was replaced at the entrance.
Staff met with DTE on August 1, 2023 to do a walk of the property prior to the contract ending. The HOA is doing the same.
Staff will also meet with Flora Lawn prior to the start of their new contract to go over areas of responsibilities. The HOA is doing the same.
Staff replacing lights in neighborhood monuments. There were three out as of this report.

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