Eden Hills Community Development District
Meeting Agenda August 10, 2022
-.  ·-?-

Eden Hills
Community Development District

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

August 3, 2022
Dear Board Members:

The regular meeting of the Board of Supervisors of the Eden Hills Community Development District will be held Wednesday, August 10, 2022 at 5:00 PM at the Lake Alfred Public Library, 245 N. Seminole Ave., Lake Alfred, FL 33850.

Zoom Video Join Link: https://us06web.zoom.us/j/85901625077

Call-In Information: 1-646-876-9923
Meeting ID: 859 0162 5077

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Organizational Matters
Acceptance of Resignation from Justin Frye
Appointment to Fill the Vacant Board Seat
Administration of Oath to Newly Appointed Supervisor
Consideration of Resolution 2022-09 Appointing Assistant Secretary
Approval of Minutes of the May 11, 2022 Board of Supervisors Meeting
Public Hearings
Public Hearing on the Adoption of the Fiscal Year 2023 Budget
Consideration of Resolution 2022-10 Adopting the District’s Fiscal Year 2023 Budget and Appropriating Funds
Public Hearing on the Imposition of Operations and Maintenance Special Assessments

1 Comments will be limited to three (3) minutes
Consideration of Resolution 2022-11 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Resolution 2022-12 Designation of a Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2023
Presentation of Fiscal Year 2021 Audit Report
Consideration of Roadway Right-of-Way Landscape and Sign Maintenance Interlocal Agreement with the City of Lake Alfred—ADDED
Staff Reports
Attorney
Engineer
Ratification of Stormwater Management Analysis Report
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Ratification of:
Summary of Series 2022A Requisitions #19 to #37
Summary of Fiscal Year 2022 Capital Projects Funding Requests #1 to #17
Other Business
Supervisors Requests and Audience Comments
Adjournment

Section III

Section A
All,

Please consider this notice of my, Justin Frye, resignation from all CDD Boards in which I currently hold a position.

Thanks, Justin K. Frye

Section D
RESOLUTION 2022-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

Whereas, the Eden Hills Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the Board of Supervisors (“Board”), shall organize by electing one of its members as Chair and by electing an Assistant Secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.	DISTRICT OFFICERS. The following persons are elected to the offices
shown:

Assistant Secretary		

SECTION 2.	CONFLICTS. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.

SECTION 3.	EFFECTIVE DATE. This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 10th day of August 2022

ATTEST:	EDEN HILLS COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

MINUTES
MINUTES OF MEETING EDEN HILLS
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Eden Hills Community Development District was held Wednesday, May 11, 2022 at 5:00 p.m. at the Lake Alfred Public Library, 245 N. Seminole Ave., Lake Alfred, Florida.

Present and constituting a quorum:

Justin Frye	Assistant Secretary
Matthew Cassidy	Assistant Secretary
Jessica Kowalski	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Lauren Gentry	KE Law Group
Rey Malave via Zoom	District Engineer
Marshall Tindall	GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSNESS	Public Comment Period
There were no members of the public to provide comments.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the March 9,
2022 Board of Supervisors Meeting
Ms. Burns presented the March 9, 2022 Board of Supervisors meeting minutes and asked for any comments, changes, or corrections. The Board had no changes to the minutes.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-06
Approving the Proposed Fiscal Year 2022/2023 Budget (Suggested Date: August 10, 2022), Declaring Special Assessments, and Setting the Public Hearings on the Fiscal Year 2022/2023 Budget and Imposition of Operations and Maintenance Assessments (Phase 2)
Ms. Burns reviewed the resolution for the Board and went over the phases as well as the budget line-item increases. She offered to answer any questions from the Board. Ms. Burns stated that the assessment hearing would be for Phase 2A and 2B.
Ms. Gentry reminded the Board that this sets the high watermark for the assessments that they are going to collect. When the notices are sent out, the Board can always lower that amount if needed, that amount just could not increase.

FIFTH ORDER OF BUSINESS	Ratification	of	Notice	of	Special
Assessments for Phase 2
Ms. Burns stated that this notice would be recorded to add the Assessment Area 2 bonds that just closed.

SIXTH ORDER OF BUSINESS	Presentation and Approval of Updated
Supplemental Assessment Methodology for Phase 2
Ms. Burns stated that this was for the series that already closed, the only change to the report was the bond sizing provided had 6% gross-up instead of 7%.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-07
Authorizing Additional Validation
Ms. Burns stated that they previously authorized $25,000,000. This resolution would direct staff to file for additional validation up to $35,000,000 for the future phases.

EIGHTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-08
Ratifying Series 2022 Bonds
Ms. Burns stated that this resolution ratifies and confirms all of the action taken by District officers and District staff in the closing of the Series 2022 bonds.

NINTH ORDER OF BUSINESS	Consideration of Amended and Restated
Disclosure of Public Financing
Ms. Burns stated that this adds the most recent bond issuance to the existing disclosure.

TENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Gentry had nothing further to report.

Engineer
Ratification of Stormwater Management Analysis Proposal

Mr. Malave stated that the stormwater report is almost completed and that a draft could be expected within the next week.

Field Manager’s Report
Mr. Tindall reviewed the Field Manager’s Report for the Board. The report was included in the agenda package.

District Manager’s Report
Approval of the Check Register
Ms. Burns stated that the check register was included in the Board’s agenda package. She offered to answer any questions the Board had.

Balance Sheet and Income Statement
Ms. Burns stated that financials were included in the package for review and that there was not action needed here by the Board. The Board had no questions.

Ratification of Summary of Series 2022A Requisitions #1 to #18
Ms. Burns stated that these requisitions had already been approved and just needed to be ratified by the Board.

2022.
Presentation of Number of Registered Voters – 11
Ms. Burns stated that there were 11 registered voters within the District as of April 15,

ELEVENTH ORDER OF BUSINESS	Other Business

There being none, the next item followed.

TWELFTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being none, the next item followed.

THIRTEENTH ORDER OF BUSINESS	Adjournment
Ms. Burns adjourned the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

Section A

Section 1
RESOLUTION 2022-10

THE ANNUAL APPROPRIATION RESOLUTION OF THE EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2022, submitted to the Board of Supervisors (“Board”) of the Eden Hills Community Development District (“District”) a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two (2) days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt 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; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project 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 OF SUPERVISORS OF THE EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BUDGET

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 Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.
The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), 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.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Eden Hills Community Development District for the Fiscal Year Ending September 30, 2023.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least two (2) years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2022/2023, the sum of $	 to be raised by the levy of assessments and/or otherwise, 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	$	 DEBT SERVICE FUND – SERIES 2020	$	 DEBT SERVICE FUND – SERIES 2022	$	 CAPITAL RESERVE FUND	$	
TOTAL ALL FUNDS	$	

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2022/2023 or within sixty (60) days following the end of the Fiscal Year 2022/2023 may amend its Adopted 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.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to the budget under subparagraphs c. and d. above are posted on the District’s website within five (5) days after adoption and remain on the website for at least two
(2) years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 10TH DAY OF AUGUST, 2022.

ATTEST:	EDEN HILLS COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Fiscal Year 2022/2023 Budget

Eden Hills
Community Development District

Proposed Budget
FY2023

6M3

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Series 2020 Debt Service Fund	

9-10	

Series 2020 Amortization Schedule	

11	

Series 2022 Debt Service Fund	

12-13	

Series 2022 Amortization Schedule	

14	

Capital Reserve Fund	

Adopted Budget
Description	FY2022	Actuals Thru 6/30/22	Projected Next
3 Months	Projected Thru 9/30/22	Proposed Budget FY2023							

Revenues											
Assessments - Tax Roll	$	106,500	$	84,621	$	21,879	$	106,500	$	159,000						
Assessments - Direct Bill	$	-	$	-	$	-	$	-	$	300,000	
Developer Contributions	$	217,767	$	-	$	57,545	$	57,545	$	101,192	
Boundary Amendment Contributions	$	-	$	1,108	$	-	$	1,108	$	-	
Total Revenues	$	324,267	$	85,730	$	79,424	$	165,153	$	560,193						

Expenditures											
Administrative
Supervisor Fees	
$	12,000	
$	1,800	
$	3,000	
$	4,800	
$	12,000						
Engineering	$	20,000	$	1,810	$	5,000	$	6,810	$	20,000						
Attorney	$	30,000	$	10,496	$	19,504	$	30,000	$	30,000						
Annual Audit	$	7,250	$	2,875	$	-	$	2,875	$	7,250						
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000						
Arbitrage	$	900	$	-	$	450	$	450	$	1,350						
Dissemination	$	6,000	$	4,000	$	1,500	$	5,500	$	7,000						
Trustee Fees	$	7,100	$	3,367	$	3,733	$	7,100	$	10,650						
Management Fees	$	36,050	$	27,038	$	9,013	$	36,050	$	37,853						
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800						
Website Technology	$	1,200	$	900	$	300	$	1,200	$	1,200						
Telephone	$	250	$	-	$	-	$	-	$	-						
Postage & Delivery	$	850	$	146	$	213	$	358	$	850						
Insurance	$	5,500	$	5,175	$	-	$	5,175	$	6,250						
Copies	$	1,000	$	13	$	250	$	263	$	1,000						
Legal Advertising	$	10,000	$	2,988	$	7,012	$	10,000	$	10,000						
Other Current Charges	$	2,800	$	337	$	700	$	1,037	$	2,800						
Boundary Amendment Expenses	$	-	$	1,108	$	-	$	1,108	$	-						
Office Supplies	$	500	$	12	$	125	$	137	$	500						
Travel Per Diem	$	550	$	-	$	-	$	-	$	-						
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175						
Total Administrative	$	148,925	$	68,590	$	51,249	$	119,839	$	155,678						

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		
Operations & Maintenance
Field Expenditures
Property Insurance	

$	12,000	

$	521	

$	-	

$	521	

$	14,400	
Field Management	$	15,000	$	-	$	4,375	$	4,375	$	15,000	
Landscape Maintenance	$	40,500	$	8,924	$	7,648	$	16,572	$	70,000	
Landscape Replacement	$	7,500	$	-	$	1,875	$	1,875	$	7,500	
Streetlights	$	8,000	$	9,066	$	3,750	$	12,816	$	84,000	
Electric	$	20,000	$	1,731	$	4,800	$	6,531	$	6,000	
Water & Sewer	$	12,000	$	-	$	-	$	-	$	-	
Sidewalk & Asphalt Maintenance	$	500	$	-	$	125	$	125	$	2,000	
Irrigation Repairs	$	2,500	$	-	$	625	$	625	$	5,000	
General Repairs & Maintenance	$	5,000	$	-	$	1,250	$	1,250	$	7,500	
Contingency	$	2,500	$	-	$	625	$	625	$	7,500	
Subtotal Field Expenditures	$	125,500	$	20,241	$	25,073	$	45,314	$	218,900	

Amenity Expenditures
Amenity - Electric	

$	6,000	

$	-	

$	-	

$	-	

$	9,600	
Amenity - Water	$	1,458	$	-	$	-	$	-	$	2,333	
Playground & Equipment Lease	$	16,750	$	-	$	-	$	-	$	31,400	
Internet	$	1,250	$	-	$	-	$	-	$	2,000	
Pest Control	$	300	$	-	$	-	$	-	$	480	
Janitorial Service	$	2,000	$	-	$	-	$	-	$	4,333	
Security Services	$	3,125	$	-	$	-	$	-	$	25,000	
Amenity Access Management	$	-	$	-	$	-	$	-	$	3,333			
Pool Maintenance	$	4,792	$	-	$	-	$	-	$	12,000	
Amenity Repairs & Maintenance	$	2,083	$	-	$	-	$	-	$	5,000	
Contingency	$	2,083	$	-	$	-	$	-	$	10,000	
Subtotal Amenity Expenditures	$	39,842	$	-	$	-	$	-	$	105,480	
						
Total Operations & Maintenance	$	165,342	$	20,241	$	25,073	$	45,314	$	324,380	

Other Expenditures
Capital Reserves - Transfer	

$	10,000	

$	-	

$	-	

$	-	

$	80,135	
Total Other Expenditures	$	10,000	$	-	$	-	$	-	$	80,135	
						
Total Expenditures	$	324,267	$	88,831	$	76,322	$	165,153	$	560,193	
						
Excess Revenues/(Expenditures)	$	-	$	(3,101)	$	3,101	$	-	$	-	
						
Product	ERU's	Assessable Units	ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1 - Tax Roll	142.00	142	1.00	$106,500.10	$750.00	$806.45	
Phase 2A - Direct	400.00	400	1.00	$300,000.27	$750.00	$806.45	
Phase 2B - Tax Roll	70.00	70	1.00	$52,500.05	$750.00	$806.45	
Developer Contribution	134.92	553	0.24	$101,192.08			
Total ERU's	746.92	1165		$560,192.50			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund General Fund expenditures not covered by Assessments during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer, Dewberry Engineer’s Inc., provides general engineering services to the District,
e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, KE Law Group, PLLC., provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

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 is currently contracted with Berger, Toombs, Elam, Gaines & Frank for this service.

Assessment Administration

The District is 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.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020 and 2022 bonds. This line item also includes costs for another anticipated bond series.

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. This cost is based upon the Series 2020 and 2022 bonds, as well as another anticipated bond series. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Trustee Fees

The District incurs trustee related costs payable to USBank for its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services - Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services – Central Florida, LLC provides these services.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

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

Copies

Printing agenda materials for board meetings, printing of computerized checks, stationary, envelopes, etc.

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

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

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.

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

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

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Floralawn for these services.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenses

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground & Equipment Lease

The District will enter into a leasing agreement for playgrounds installed in the community.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities as well as maintaining security systems in place.

Amenity Access Management

Represents the cost of managing access to the District’s amenity facilities.

Pool Maintenance

Represents estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenses:

Capital Reserves - Transfer

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.
Proposed Budget
Series 2020 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		

Revenues						
Assessments - Tax Roll	$	172,075	$	136,817	$	35,258	$	172,075	$	172,075	
Interest Income	$	-	$	5	$	-	$	5	$	-	
Carry Forward Surplus	$	58,169	$	58,172	$	-	$	58,172	$	60,727	
Total Revenues	$	230,244	$	194,994	$	35,258	$	230,252	$	232,802	

Expenses						
Interest - 11/1	$	57,263	$	57,263	$	-	$	57,263	$	56,506	
Principal - 5/1	$	55,000	$	55,000	$	-	$	55,000	$	55,000	
Interest - 5/1	$	57,263	$	57,263	$	-	$	57,263	$	56,506	
Total Expenditures	$	169,525	$	169,525	$	-	$	169,525	$	168,013	
						
Excess Revenues/(Expenditures)	$	60,719	$	25,469	$	35,258	$	60,727	$	64,789	

Interest Expense 11/1/23
Total
$	55,750

$	55,750

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	142	$	172,075	$	1,212	$	1,303	
	142	$	172,075			
Series 2020 Special Assessment Bonds Amortization Schedule

11/01/22	$	2,895,000.00	$	-	$	56,506.25	$	168,768.75	
05/01/23	$	2,895,000.00	$	55,000.00	$	56,506.25	$	-	
11/01/23	$	2,840,000.00	$	-	$	55,750.00	$	167,256.25	
05/01/24	$	2,840,000.00	$	60,000.00	$	55,750.00	$	-	
11/01/24	$	2,780,000.00	$	-	$	54,925.00	$	170,675.00	
05/01/25	$	2,780,000.00	$	60,000.00	$	54,925.00	$	-	
11/01/25	$	2,720,000.00	$	-	$	54,100.00	$	169,025.00	
05/01/26	$	2,720,000.00	$	60,000.00	$	54,100.00	$	-	
11/01/26	$	2,660,000.00	$	-	$	53,125.00	$	167,225.00	
05/01/27	$	2,660,000.00	$	65,000.00	$	53,125.00	$	-	
11/01/27	$	2,595,000.00	$	-	$	52,068.75	$	170,193.75	
05/01/28	$	2,595,000.00	$	65,000.00	$	52,068.75	$	-	
11/01/28	$	2,530,000.00	$	-	$	51,012.50	$	168,081.25	
05/01/29	$	2,530,000.00	$	70,000.00	$	51,012.50	$	-	
11/01/29	$	2,460,000.00	$	-	$	49,875.00	$	170,887.50	
05/01/30	$	2,460,000.00	$	70,000.00	$	49,875.00	$	-	
11/01/30	$	2,390,000.00	$	-	$	48,737.50	$	168,612.50	
05/01/31	$	2,390,000.00	$	75,000.00	$	48,737.50	$	-	
11/01/31	$	2,315,000.00	$	-	$	47,237.50	$	170,975.00	
05/01/32	$	2,315,000.00	$	75,000.00	$	47,237.50	$	-	
11/01/32	$	2,240,000.00	$	-	$	45,737.50	$	167,975.00	
05/01/33	$	2,240,000.00	$	80,000.00	$	45,737.50	$	-	
11/01/33	$	2,160,000.00	$	-	$	44,137.50	$	169,875.00	
05/01/34	$	2,160,000.00	$	85,000.00	$	44,137.50	$	-	
11/01/34	$	2,075,000.00	$	-	$	42,437.50	$	171,575.00	
05/01/35	$	2,075,000.00	$	85,000.00	$	42,437.50	$	-	
11/01/35	$	1,990,000.00	$	-	$	40,737.50	$	168,175.00	
05/01/36	$	1,990,000.00	$	90,000.00	$	40,737.50	$	-	
11/01/36	$	1,900,000.00	$	-	$	38,937.50	$	169,675.00	
05/01/37	$	1,900,000.00	$	95,000.00	$	38,937.50	$	-	
11/01/37	$	1,805,000.00	$	-	$	37,037.50	$	170,975.00	
05/01/38	$	1,805,000.00	$	100,000.00	$	37,037.50	$	-	
11/01/38	$	1,705,000.00	$	-	$	35,037.50	$	172,075.00	
05/01/39	$	1,705,000.00	$	100,000.00	$	35,037.50	$	-	
11/01/39	$	1,605,000.00	$	-	$	33,037.50	$	168,075.00	
05/01/40	$	1,605,000.00	$	105,000.00	$	33,037.50	$	-	
11/01/40	$	1,500,000.00	$	-	$	30,937.50	$	168,975.00	
05/01/41	$	1,500,000.00	$	110,000.00	$	30,937.50	$	-	
11/01/41	$	1,390,000.00	$	-	$	28,668.75	$	169,606.25	
05/01/42	$	1,390,000.00	$	115,000.00	$	28,668.75	$	-	
11/01/42	$	1,275,000.00	$	-	$	26,296.88	$	169,965.63	
05/01/43	$	1,275,000.00	$	120,000.00	$	26,296.88	$	-	
11/01/43	$	1,155,000.00	$	-	$	23,821.88	$	170,118.75	
05/01/44	$	1,155,000.00	$	125,000.00	$	23,821.88	$	-	
11/01/44	$	1,030,000.00	$	-	$	21,243.75	$	170,065.63	
Series 2020 Special Assessment Bonds Amortization Schedule

DATE		BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/45	
$	
1,030,000.00	
$	130,000.00	
$	21,243.75	
$	
-	
11/01/45	$	900,000.00	$	-	$	18,562.50	$	169,806.25	
05/01/46	$	900,000.00	$	135,000.00	$	18,562.50	$	-	
11/01/46	$	765,000.00	$	-	$	15,778.13	$	169,340.63	
05/01/47	$	765,000.00	$	140,000.00	$	15,778.13	$	-	
11/01/47	$	625,000.00	$	-	$	12,890.63	$	168,668.75	
05/01/48	$	625,000.00	$	145,000.00	$	12,890.63	$	-	
11/01/48	$	480,000.00	$	-	$	9,900.00	$	167,790.63	
05/01/49	$	480,000.00	$	155,000.00	$	9,900.00	$	-	
11/01/49	$	325,000.00	$	-	$	6,703.13	$	171,603.13	
05/01/50	$	325,000.00	$	160,000.00	$	6,703.13	$	-	
11/01/50	$	165,000.00	$	-	$	3,403.13	$	170,106.25	
05/01/51	$	165,000.00	$	165,000.00	$	3,403.13	$	168,403.13	
			$	2,895,000.00	$	2,077,287.50	$	5,084,550.00	
Proposed Budget
Series 2022 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Revenues

Assessments Interest Income
Carry Forward Surplus
$	-	$
$	-	$
$	-	$
-	$	-	$
7	$	-	$
-	$	-	$
-	$	604,294
7	$	-
-	$	263,525

Expenses

Interest - 11/1 Principal - 5/1 Interest - 5/1
$	-	$
$	-	$
$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	263,518
-	$	195,000
-	$	206,231

Other Financing Sources

Bond Proceeds	$	-	$	867,811	$	-	$	867,811	$	-	
Total Other Financing Sources (Uses)	$	-	$	867,811	$	-	$	867,811	$	-	

Interest Expense 11/1/23
Total
$	203,063

$	203,063

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Phase 2A-1	233	$	315,712	$	1,355	$	1,457	
Single Family - Phase 2A-2	167	$	201,506	$	1,207	$	1,297	
Single Family - Phase 2B	70	$	87,076	$	1,244	$	1,338	
	470	$	604,294			
Series 2022 Special Assessment Bonds Amortization Schedule

-	$	263,517.71	$	263,517.71					
,000.00	$	206,231.25	$	-					
-	$	203,062.50	$	604,293.75					
,000.00	$	203,062.50	$	-					
-	$	199,812.50	$	602,875.00					
,000.00	$	199,812.50	$	-					
-	$	196,481.25	$	601,293.75					
05/01/26	$	9,435,000.00	$	210,000.00	$	196,481.25	$	-	
11/01/26	$	9,435,000.00	$	-	$	193,068.75	$	599,550.00	
05/01/27	$	9,435,000.00	$	220,000.00	$	193,068.75	$	-	
11/01/27	$	9,435,000.00	$	-	$	189,493.75	$	602,562.50	
05/01/28	$	9,435,000.00	$	225,000.00	$	189,493.75	$	-	
11/01/28	$	9,210,000.00	$	-	$	185,415.63	$	599,909.38	
05/01/29	$	9,210,000.00	$	235,000.00	$	185,415.63	$	-	
11/01/29	$	8,975,000.00	$	-	$	181,156.25	$	601,571.88	
05/01/30	$	8,975,000.00	$	245,000.00	$	181,156.25	$	-	
11/01/30	$	8,215,000.00	$	-	$	176,715.63	$	602,871.88	
05/01/31	$	8,215,000.00	$	255,000.00	$	176,715.63	$	-	
11/01/31	$	8,215,000.00	$	-	$	172,093.75	$	603,809.38	
05/01/32	$	8,215,000.00	$	260,000.00	$	172,093.75	$	-	
11/01/32	$	8,215,000.00	$	-	$	167,381.25	$	599,475.00	
05/01/33	$	8,215,000.00	$	275,000.00	$	167,381.25	$	-	
11/01/33	$	7,940,000.00	$	-	$	161,881.25	$	604,262.50	
05/01/34	$	7,940,000.00	$	285,000.00	$	161,881.25	$	-	
11/01/34	$	7,655,000.00	$	-	$	156,181.25	$	603,062.50	
05/01/35	$	7,655,000.00	$	295,000.00	$	156,181.25	$	-	
11/01/35	$	7,360,000.00	$	-	$	150,281.25	$	601,462.50	
05/01/36	$	7,360,000.00	$	305,000.00	$	150,281.25	$	-	
11/01/36	$	7,055,000.00	$	-	$	144,181.25	$	599,462.50	
05/01/37	$	7,055,000.00	$	320,000.00	$	144,181.25	$	-	
11/01/37	$	6,735,000.00	$	-	$	137,781.25	$	601,962.50	
05/01/38	$	6,735,000.00	$	335,000.00	$	137,781.25	$	-	
11/01/38	$	6,400,000.00	$	-	$	131,081.25	$	603,862.50	
05/01/39	$	6,400,000.00	$	345,000.00	$	131,081.25	$	-	
11/01/39	$	6,055,000.00	$	-	$	124,181.25	$	600,262.50	
05/01/40	$	6,055,000.00	$	360,000.00	$	124,181.25	$	-	
11/01/40	$	4,930,000.00	$	-	$	116,981.25	$	601,162.50	
05/01/41	$	4,930,000.00	$	375,000.00	$	116,981.25	$	-	
11/01/41	$	4,930,000.00	$	-	$	109,481.25	$	601,462.50	
05/01/42	$	4,930,000.00	$	390,000.00	$	109,481.25	$	-	
11/01/42	$	4,930,000.00	$	-	$	101,681.25	$	601,162.50	
05/01/43	$	4,930,000.00	$	405,000.00	$	101,681.25	$	-	
11/01/43	$	4,525,000.00	$	-	$	93,328.13	$	600,009.38	
05/01/44	$	4,525,000.00	$	425,000.00	$	93,328.13	$	-	
11/01/44	$	4,100,000.00	$	-	$	84,562.50	$	602,890.63	
Series 2022 Special Assessment Bonds Amortization Schedule

DATE		BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/45	
$	
4,100,000.00	
$	440,000.00	
$	84,562.50	
$	
-	
11/01/45	$	3,660,000.00	$	-	$	75,487.50	$	600,050.00	
05/01/46	$	3,660,000.00	$	460,000.00	$	75,487.50	$	-	
11/01/46	$	3,200,000.00	$	-	$	66,000.00	$	601,487.50	
05/01/47	$	3,200,000.00	$	480,000.00	$	66,000.00	$	-	
11/01/47	$	2,720,000.00	$	-	$	56,100.00	$	602,100.00	
05/01/48	$	2,720,000.00	$	500,000.00	$	56,100.00	$	-	
11/01/48	$	2,220,000.00	$	-	$	45,787.50	$	601,887.50	
05/01/49	$	2,220,000.00	$	520,000.00	$	45,787.50	$	-	
11/01/49	$	1,700,000.00	$	-	$	35,062.50	$	600,850.00	
05/01/50	$	1,700,000.00	$	545,000.00	$	35,062.50	$	-	
11/01/50	$	1,155,000.00	$	-	$	23,821.88	$	603,884.38	
05/01/51	$	1,155,000.00	$	565,000.00	$	23,821.88	$	-	
11/01/51	$	590,000.00	$	-	$	12,168.75	$	600,990.63	
05/01/52	$	590,000.00	$	590,000.00	$	12,168.75	$	602,168.75	
			$	10,465,000.00	$	7,851,173.96	$	18,316,173.96	
Proposed Budget Capital Reserve Fund

Proposed Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Revenues

Interest Income	

$	-	

$	-	$	-	$	-	$	-			
Total Revenues	$	-	$	-	$	-	$	-	$	-			

Expenses

Capital Outlay	

$	-	

$	-	$	-	$	-	$	-			
Total Expenditures	$	-	$	-	$	-	$	-	$	-			

Other Financing Sources

Transfer In/(Out)	

$	10,000	

$	-	$	-	$	-	$	80,135			
Total Other Financing Sources (Uses)	$	10,000	$	-	$	-	$	-	$	80,135			
					
Excess Revenues/(Expenditures)	$	10,000	$	-	$	-	$	-	$	80,135			
Exhibit A

[DM to insert]

4

Section B

Section 1
RESOLUTION 2022-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2022/2023; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

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

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

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, for the fiscal year beginning October 1, 2022, and ending September 30, 2023 (“Fiscal Year 2022/2023”), the Board of Supervisors (“Board”) of the District has adopted its budgets, including its operations and maintenance budget and debt service budgets (together, “Adopted Budget”) attached hereto as Exhibit “A” and now desires to set forth the method by which debt service special assessments shall be collected and enforced; and

WHEREAS, the District has entered into a funding agreement for the purpose of funding a portion of the operations and maintenance budget for Fiscal Year 2022/2023; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2022/2023; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached hereto as Exhibit “B”, and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit “B”; and
WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits “A” and “B”, is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 170, 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits “A” and “B”. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. Collection and Enforcement; Penalties; Interest.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments levied on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B”.

Direct Bill Assessments. Certain operations and maintenance special assessments and previously levied debt service special assessments levied on the Direct Collect Property will be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B”. Assessments directly collected by the District are due in full on December 1, 2022; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 25% due no later than October 1, 2022, 25% due no later than December 1, 2022, 25% due no later than February 1, 2023 and 25% due no later than May 1, 2023. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2022/2023, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of
collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

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. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

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, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. 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 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
PASSED AND ADOPTED this 10th day of August 2022.

ATTEST:	EDEN HILLS COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Budget
Exhibit B:	Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)
Exhibit A
Budget

Eden Hills
Community Development District

Proposed Budget
FY2023

6M3

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Series 2020 Debt Service Fund	

9-10	

Series 2020 Amortization Schedule	

11	

Series 2022 Debt Service Fund	

12-13	

Series 2022 Amortization Schedule	

14	

Capital Reserve Fund	

Adopted Budget
Description	FY2022	Actuals Thru 6/30/22	Projected Next
3 Months	Projected Thru 9/30/22	Proposed Budget FY2023							

Revenues											
Assessments - Tax Roll	$	106,500	$	84,621	$	21,879	$	106,500	$	159,000						
Assessments - Direct Bill	$	-	$	-	$	-	$	-	$	300,000	
Developer Contributions	$	217,767	$	-	$	57,545	$	57,545	$	101,192	
Boundary Amendment Contributions	$	-	$	1,108	$	-	$	1,108	$	-	
Total Revenues	$	324,267	$	85,730	$	79,424	$	165,153	$	560,193						

Expenditures											
Administrative
Supervisor Fees	
$	12,000	
$	1,800	
$	3,000	
$	4,800	
$	12,000						
Engineering	$	20,000	$	1,810	$	5,000	$	6,810	$	20,000						
Attorney	$	30,000	$	10,496	$	19,504	$	30,000	$	30,000						
Annual Audit	$	7,250	$	2,875	$	-	$	2,875	$	7,250						
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000						
Arbitrage	$	900	$	-	$	450	$	450	$	1,350						
Dissemination	$	6,000	$	4,000	$	1,500	$	5,500	$	7,000						
Trustee Fees	$	7,100	$	3,367	$	3,733	$	7,100	$	10,650						
Management Fees	$	36,050	$	27,038	$	9,013	$	36,050	$	37,853						
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800						
Website Technology	$	1,200	$	900	$	300	$	1,200	$	1,200						
Telephone	$	250	$	-	$	-	$	-	$	-						
Postage & Delivery	$	850	$	146	$	213	$	358	$	850						
Insurance	$	5,500	$	5,175	$	-	$	5,175	$	6,250						
Copies	$	1,000	$	13	$	250	$	263	$	1,000						
Legal Advertising	$	10,000	$	2,988	$	7,012	$	10,000	$	10,000						
Other Current Charges	$	2,800	$	337	$	700	$	1,037	$	2,800						
Boundary Amendment Expenses	$	-	$	1,108	$	-	$	1,108	$	-						
Office Supplies	$	500	$	12	$	125	$	137	$	500						
Travel Per Diem	$	550	$	-	$	-	$	-	$	-						
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175						
Total Administrative	$	148,925	$	68,590	$	51,249	$	119,839	$	155,678						

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		
Operations & Maintenance
Field Expenditures
Property Insurance	

$	12,000	

$	521	

$	-	

$	521	

$	14,400	
Field Management	$	15,000	$	-	$	4,375	$	4,375	$	15,000	
Landscape Maintenance	$	40,500	$	8,924	$	7,648	$	16,572	$	70,000	
Landscape Replacement	$	7,500	$	-	$	1,875	$	1,875	$	7,500	
Streetlights	$	8,000	$	9,066	$	3,750	$	12,816	$	84,000	
Electric	$	20,000	$	1,731	$	4,800	$	6,531	$	6,000	
Water & Sewer	$	12,000	$	-	$	-	$	-	$	-	
Sidewalk & Asphalt Maintenance	$	500	$	-	$	125	$	125	$	2,000	
Irrigation Repairs	$	2,500	$	-	$	625	$	625	$	5,000	
General Repairs & Maintenance	$	5,000	$	-	$	1,250	$	1,250	$	7,500	
Contingency	$	2,500	$	-	$	625	$	625	$	7,500	
Subtotal Field Expenditures	$	125,500	$	20,241	$	25,073	$	45,314	$	218,900	

Amenity Expenditures
Amenity - Electric	

$	6,000	

$	-	

$	-	

$	-	

$	9,600	
Amenity - Water	$	1,458	$	-	$	-	$	-	$	2,333	
Playground & Equipment Lease	$	16,750	$	-	$	-	$	-	$	31,400	
Internet	$	1,250	$	-	$	-	$	-	$	2,000	
Pest Control	$	300	$	-	$	-	$	-	$	480	
Janitorial Service	$	2,000	$	-	$	-	$	-	$	4,333	
Security Services	$	3,125	$	-	$	-	$	-	$	25,000	
Amenity Access Management	$	-	$	-	$	-	$	-	$	3,333			
Pool Maintenance	$	4,792	$	-	$	-	$	-	$	12,000	
Amenity Repairs & Maintenance	$	2,083	$	-	$	-	$	-	$	5,000	
Contingency	$	2,083	$	-	$	-	$	-	$	10,000	
Subtotal Amenity Expenditures	$	39,842	$	-	$	-	$	-	$	105,480	
						
Total Operations & Maintenance	$	165,342	$	20,241	$	25,073	$	45,314	$	324,380	

Other Expenditures
Capital Reserves - Transfer	

$	10,000	

$	-	

$	-	

$	-	

$	80,135	
Total Other Expenditures	$	10,000	$	-	$	-	$	-	$	80,135	
						
Total Expenditures	$	324,267	$	88,831	$	76,322	$	165,153	$	560,193	
						
Excess Revenues/(Expenditures)	$	-	$	(3,101)	$	3,101	$	-	$	-	
						
Product	ERU's	Assessable Units	ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1 - Tax Roll	142.00	142	1.00	$106,500.10	$750.00	$806.45	
Phase 2A - Direct	400.00	400	1.00	$300,000.27	$750.00	$806.45	
Phase 2B - Tax Roll	70.00	70	1.00	$52,500.05	$750.00	$806.45	
Developer Contribution	134.92	553	0.24	$101,192.08			
Total ERU's	746.92	1165		$560,192.50			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund General Fund expenditures not covered by Assessments during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer, Dewberry Engineer’s Inc., provides general engineering services to the District,
e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, KE Law Group, PLLC., provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

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 is currently contracted with Berger, Toombs, Elam, Gaines & Frank for this service.

Assessment Administration

The District is 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.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020 and 2022 bonds. This line item also includes costs for another anticipated bond series.

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. This cost is based upon the Series 2020 and 2022 bonds, as well as another anticipated bond series. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Trustee Fees

The District incurs trustee related costs payable to USBank for its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services - Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services – Central Florida, LLC provides these services.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

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

Copies

Printing agenda materials for board meetings, printing of computerized checks, stationary, envelopes, etc.

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

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

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.

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

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

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Floralawn for these services.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenses

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground & Equipment Lease

The District will enter into a leasing agreement for playgrounds installed in the community.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities as well as maintaining security systems in place.

Amenity Access Management

Represents the cost of managing access to the District’s amenity facilities.

Pool Maintenance

Represents estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenses:

Capital Reserves - Transfer

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.
Proposed Budget
Series 2020 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		

Revenues						
Assessments - Tax Roll	$	172,075	$	136,817	$	35,258	$	172,075	$	172,075	
Interest Income	$	-	$	5	$	-	$	5	$	-	
Carry Forward Surplus	$	58,169	$	58,172	$	-	$	58,172	$	60,727	
Total Revenues	$	230,244	$	194,994	$	35,258	$	230,252	$	232,802	

Expenses						
Interest - 11/1	$	57,263	$	57,263	$	-	$	57,263	$	56,506	
Principal - 5/1	$	55,000	$	55,000	$	-	$	55,000	$	55,000	
Interest - 5/1	$	57,263	$	57,263	$	-	$	57,263	$	56,506	
Total Expenditures	$	169,525	$	169,525	$	-	$	169,525	$	168,013	
						
Excess Revenues/(Expenditures)	$	60,719	$	25,469	$	35,258	$	60,727	$	64,789	

Interest Expense 11/1/23
Total
$	55,750

$	55,750

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	142	$	172,075	$	1,212	$	1,303	
	142	$	172,075			
Series 2020 Special Assessment Bonds Amortization Schedule

11/01/22	$	2,895,000.00	$	-	$	56,506.25	$	168,768.75	
05/01/23	$	2,895,000.00	$	55,000.00	$	56,506.25	$	-	
11/01/23	$	2,840,000.00	$	-	$	55,750.00	$	167,256.25	
05/01/24	$	2,840,000.00	$	60,000.00	$	55,750.00	$	-	
11/01/24	$	2,780,000.00	$	-	$	54,925.00	$	170,675.00	
05/01/25	$	2,780,000.00	$	60,000.00	$	54,925.00	$	-	
11/01/25	$	2,720,000.00	$	-	$	54,100.00	$	169,025.00	
05/01/26	$	2,720,000.00	$	60,000.00	$	54,100.00	$	-	
11/01/26	$	2,660,000.00	$	-	$	53,125.00	$	167,225.00	
05/01/27	$	2,660,000.00	$	65,000.00	$	53,125.00	$	-	
11/01/27	$	2,595,000.00	$	-	$	52,068.75	$	170,193.75	
05/01/28	$	2,595,000.00	$	65,000.00	$	52,068.75	$	-	
11/01/28	$	2,530,000.00	$	-	$	51,012.50	$	168,081.25	
05/01/29	$	2,530,000.00	$	70,000.00	$	51,012.50	$	-	
11/01/29	$	2,460,000.00	$	-	$	49,875.00	$	170,887.50	
05/01/30	$	2,460,000.00	$	70,000.00	$	49,875.00	$	-	
11/01/30	$	2,390,000.00	$	-	$	48,737.50	$	168,612.50	
05/01/31	$	2,390,000.00	$	75,000.00	$	48,737.50	$	-	
11/01/31	$	2,315,000.00	$	-	$	47,237.50	$	170,975.00	
05/01/32	$	2,315,000.00	$	75,000.00	$	47,237.50	$	-	
11/01/32	$	2,240,000.00	$	-	$	45,737.50	$	167,975.00	
05/01/33	$	2,240,000.00	$	80,000.00	$	45,737.50	$	-	
11/01/33	$	2,160,000.00	$	-	$	44,137.50	$	169,875.00	
05/01/34	$	2,160,000.00	$	85,000.00	$	44,137.50	$	-	
11/01/34	$	2,075,000.00	$	-	$	42,437.50	$	171,575.00	
05/01/35	$	2,075,000.00	$	85,000.00	$	42,437.50	$	-	
11/01/35	$	1,990,000.00	$	-	$	40,737.50	$	168,175.00	
05/01/36	$	1,990,000.00	$	90,000.00	$	40,737.50	$	-	
11/01/36	$	1,900,000.00	$	-	$	38,937.50	$	169,675.00	
05/01/37	$	1,900,000.00	$	95,000.00	$	38,937.50	$	-	
11/01/37	$	1,805,000.00	$	-	$	37,037.50	$	170,975.00	
05/01/38	$	1,805,000.00	$	100,000.00	$	37,037.50	$	-	
11/01/38	$	1,705,000.00	$	-	$	35,037.50	$	172,075.00	
05/01/39	$	1,705,000.00	$	100,000.00	$	35,037.50	$	-	
11/01/39	$	1,605,000.00	$	-	$	33,037.50	$	168,075.00	
05/01/40	$	1,605,000.00	$	105,000.00	$	33,037.50	$	-	
11/01/40	$	1,500,000.00	$	-	$	30,937.50	$	168,975.00	
05/01/41	$	1,500,000.00	$	110,000.00	$	30,937.50	$	-	
11/01/41	$	1,390,000.00	$	-	$	28,668.75	$	169,606.25	
05/01/42	$	1,390,000.00	$	115,000.00	$	28,668.75	$	-	
11/01/42	$	1,275,000.00	$	-	$	26,296.88	$	169,965.63	
05/01/43	$	1,275,000.00	$	120,000.00	$	26,296.88	$	-	
11/01/43	$	1,155,000.00	$	-	$	23,821.88	$	170,118.75	
05/01/44	$	1,155,000.00	$	125,000.00	$	23,821.88	$	-	
11/01/44	$	1,030,000.00	$	-	$	21,243.75	$	170,065.63	
Series 2020 Special Assessment Bonds Amortization Schedule

DATE		BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/45	
$	
1,030,000.00	
$	130,000.00	
$	21,243.75	
$	
-	
11/01/45	$	900,000.00	$	-	$	18,562.50	$	169,806.25	
05/01/46	$	900,000.00	$	135,000.00	$	18,562.50	$	-	
11/01/46	$	765,000.00	$	-	$	15,778.13	$	169,340.63	
05/01/47	$	765,000.00	$	140,000.00	$	15,778.13	$	-	
11/01/47	$	625,000.00	$	-	$	12,890.63	$	168,668.75	
05/01/48	$	625,000.00	$	145,000.00	$	12,890.63	$	-	
11/01/48	$	480,000.00	$	-	$	9,900.00	$	167,790.63	
05/01/49	$	480,000.00	$	155,000.00	$	9,900.00	$	-	
11/01/49	$	325,000.00	$	-	$	6,703.13	$	171,603.13	
05/01/50	$	325,000.00	$	160,000.00	$	6,703.13	$	-	
11/01/50	$	165,000.00	$	-	$	3,403.13	$	170,106.25	
05/01/51	$	165,000.00	$	165,000.00	$	3,403.13	$	168,403.13	
			$	2,895,000.00	$	2,077,287.50	$	5,084,550.00	
Proposed Budget
Series 2022 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Revenues

Assessments Interest Income
Carry Forward Surplus
$	-	$
$	-	$
$	-	$
-	$	-	$
7	$	-	$
-	$	-	$
-	$	604,294
7	$	-
-	$	263,525

Expenses

Interest - 11/1 Principal - 5/1 Interest - 5/1
$	-	$
$	-	$
$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	263,518
-	$	195,000
-	$	206,231

Other Financing Sources

Bond Proceeds	$	-	$	867,811	$	-	$	867,811	$	-	
Total Other Financing Sources (Uses)	$	-	$	867,811	$	-	$	867,811	$	-	

Interest Expense 11/1/23
Total
$	203,063

$	203,063

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Phase 2A-1	233	$	315,712	$	1,355	$	1,457	
Single Family - Phase 2A-2	167	$	201,506	$	1,207	$	1,297	
Single Family - Phase 2B	70	$	87,076	$	1,244	$	1,338	
	470	$	604,294			
Series 2022 Special Assessment Bonds Amortization Schedule

-	$	263,517.71	$	263,517.71					
,000.00	$	206,231.25	$	-					
-	$	203,062.50	$	604,293.75					
,000.00	$	203,062.50	$	-					
-	$	199,812.50	$	602,875.00					
,000.00	$	199,812.50	$	-					
-	$	196,481.25	$	601,293.75					
05/01/26	$	9,435,000.00	$	210,000.00	$	196,481.25	$	-	
11/01/26	$	9,435,000.00	$	-	$	193,068.75	$	599,550.00	
05/01/27	$	9,435,000.00	$	220,000.00	$	193,068.75	$	-	
11/01/27	$	9,435,000.00	$	-	$	189,493.75	$	602,562.50	
05/01/28	$	9,435,000.00	$	225,000.00	$	189,493.75	$	-	
11/01/28	$	9,210,000.00	$	-	$	185,415.63	$	599,909.38	
05/01/29	$	9,210,000.00	$	235,000.00	$	185,415.63	$	-	
11/01/29	$	8,975,000.00	$	-	$	181,156.25	$	601,571.88	
05/01/30	$	8,975,000.00	$	245,000.00	$	181,156.25	$	-	
11/01/30	$	8,215,000.00	$	-	$	176,715.63	$	602,871.88	
05/01/31	$	8,215,000.00	$	255,000.00	$	176,715.63	$	-	
11/01/31	$	8,215,000.00	$	-	$	172,093.75	$	603,809.38	
05/01/32	$	8,215,000.00	$	260,000.00	$	172,093.75	$	-	
11/01/32	$	8,215,000.00	$	-	$	167,381.25	$	599,475.00	
05/01/33	$	8,215,000.00	$	275,000.00	$	167,381.25	$	-	
11/01/33	$	7,940,000.00	$	-	$	161,881.25	$	604,262.50	
05/01/34	$	7,940,000.00	$	285,000.00	$	161,881.25	$	-	
11/01/34	$	7,655,000.00	$	-	$	156,181.25	$	603,062.50	
05/01/35	$	7,655,000.00	$	295,000.00	$	156,181.25	$	-	
11/01/35	$	7,360,000.00	$	-	$	150,281.25	$	601,462.50	
05/01/36	$	7,360,000.00	$	305,000.00	$	150,281.25	$	-	
11/01/36	$	7,055,000.00	$	-	$	144,181.25	$	599,462.50	
05/01/37	$	7,055,000.00	$	320,000.00	$	144,181.25	$	-	
11/01/37	$	6,735,000.00	$	-	$	137,781.25	$	601,962.50	
05/01/38	$	6,735,000.00	$	335,000.00	$	137,781.25	$	-	
11/01/38	$	6,400,000.00	$	-	$	131,081.25	$	603,862.50	
05/01/39	$	6,400,000.00	$	345,000.00	$	131,081.25	$	-	
11/01/39	$	6,055,000.00	$	-	$	124,181.25	$	600,262.50	
05/01/40	$	6,055,000.00	$	360,000.00	$	124,181.25	$	-	
11/01/40	$	4,930,000.00	$	-	$	116,981.25	$	601,162.50	
05/01/41	$	4,930,000.00	$	375,000.00	$	116,981.25	$	-	
11/01/41	$	4,930,000.00	$	-	$	109,481.25	$	601,462.50	
05/01/42	$	4,930,000.00	$	390,000.00	$	109,481.25	$	-	
11/01/42	$	4,930,000.00	$	-	$	101,681.25	$	601,162.50	
05/01/43	$	4,930,000.00	$	405,000.00	$	101,681.25	$	-	
11/01/43	$	4,525,000.00	$	-	$	93,328.13	$	600,009.38	
05/01/44	$	4,525,000.00	$	425,000.00	$	93,328.13	$	-	
11/01/44	$	4,100,000.00	$	-	$	84,562.50	$	602,890.63	
Series 2022 Special Assessment Bonds Amortization Schedule

DATE		BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/45	
$	
4,100,000.00	
$	440,000.00	
$	84,562.50	
$	
-	
11/01/45	$	3,660,000.00	$	-	$	75,487.50	$	600,050.00	
05/01/46	$	3,660,000.00	$	460,000.00	$	75,487.50	$	-	
11/01/46	$	3,200,000.00	$	-	$	66,000.00	$	601,487.50	
05/01/47	$	3,200,000.00	$	480,000.00	$	66,000.00	$	-	
11/01/47	$	2,720,000.00	$	-	$	56,100.00	$	602,100.00	
05/01/48	$	2,720,000.00	$	500,000.00	$	56,100.00	$	-	
11/01/48	$	2,220,000.00	$	-	$	45,787.50	$	601,887.50	
05/01/49	$	2,220,000.00	$	520,000.00	$	45,787.50	$	-	
11/01/49	$	1,700,000.00	$	-	$	35,062.50	$	600,850.00	
05/01/50	$	1,700,000.00	$	545,000.00	$	35,062.50	$	-	
11/01/50	$	1,155,000.00	$	-	$	23,821.88	$	603,884.38	
05/01/51	$	1,155,000.00	$	565,000.00	$	23,821.88	$	-	
11/01/51	$	590,000.00	$	-	$	12,168.75	$	600,990.63	
05/01/52	$	590,000.00	$	590,000.00	$	12,168.75	$	602,168.75	
			$	10,465,000.00	$	7,851,173.96	$	18,316,173.96	
Proposed Budget Capital Reserve Fund

Proposed Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Revenues

Interest Income	

$	-	

$	-	$	-	$	-	$	-			
Total Revenues	$	-	$	-	$	-	$	-	$	-			

Expenses

Capital Outlay	

$	-	

$	-	$	-	$	-	$	-			
Total Expenditures	$	-	$	-	$	-	$	-	$	-			

Other Financing Sources

Transfer In/(Out)	

$	10,000	

$	-	$	-	$	-	$	80,135			
Total Other Financing Sources (Uses)	$	10,000	$	-	$	-	$	-	$	80,135			
					
Excess Revenues/(Expenditures)	$	10,000	$	-	$	-	$	-	$	80,135			
Exhibit B
Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

PARCEL ID	PROP DSCR1	Units	O&M	2020 Debt	2022 Debt	Total	
262730496752000010	EDEN HILLS PB 185 PG 1-6 LOT 1	1	$806.45	$1,303.76		$2,110.21	
262730496752000020	EDEN HILLS PB 185 PG 1-6 LOT 2	1	$806.45	$1,303.76		$2,110.21	
262730496752000030	EDEN HILLS PB 185 PG 1-6 LOT 3	1	$806.45	$1,303.76		$2,110.21	
262730496752000040	EDEN HILLS PB 185 PG 1-6 LOT 4	1	$806.45	$1,303.76		$2,110.21	
262730496752000050	EDEN HILLS PB 185 PG 1-6 LOT 5	1	$806.45	$1,303.76		$2,110.21	
262730496752000060	EDEN HILLS PB 185 PG 1-6 LOT 6	1	$806.45	$1,303.76		$2,110.21	
262730496752000070	EDEN HILLS PB 185 PG 1-6 LOT 7	1	$806.45	$1,303.76		$2,110.21	
262730496752000080	EDEN HILLS PB 185 PG 1-6 LOT 8	1	$806.45	$1,303.76		$2,110.21	
262730496752000090	EDEN HILLS PB 185 PG 1-6 LOT 9	1	$806.45	$1,303.76		$2,110.21	
262730496752000100	EDEN HILLS PB 185 PG 1-6 LOT 10	1	$806.45	$1,303.76		$2,110.21	
262730496752000110	EDEN HILLS PB 185 PG 1-6 LOT 11	1	$806.45	$1,303.76		$2,110.21	
262730496752000120	EDEN HILLS PB 185 PG 1-6 LOT 12	1	$806.45	$1,303.76		$2,110.21	
262730496752000130	EDEN HILLS PB 185 PG 1-6 LOT 13	1	$806.45	$1,303.76		$2,110.21	
262730496752000140	EDEN HILLS PB 185 PG 1-6 LOT 14	1	$806.45	$1,303.76		$2,110.21	
262730496752000150	EDEN HILLS PB 185 PG 1-6 LOT 15	1	$806.45	$1,303.76		$2,110.21	
262730496752000160	EDEN HILLS PB 185 PG 1-6 LOT 16	1	$806.45	$1,303.76		$2,110.21	
262730496752000170	EDEN HILLS PB 185 PG 1-6 LOT 17	1	$806.45	$1,303.76		$2,110.21	
262730496752000180	EDEN HILLS PB 185 PG 1-6 LOT 18	1	$806.45	$1,303.76		$2,110.21	
262730496752000190	EDEN HILLS PB 185 PG 1-6 LOT 19	1	$806.45	$1,303.76		$2,110.21	
262730496752000200	EDEN HILLS PB 185 PG 1-6 LOT 20	1	$806.45	$1,303.76		$2,110.21	
262730496752000210	EDEN HILLS PB 185 PG 1-6 LOT 21	1	$806.45	$1,303.76		$2,110.21	
262730496752000220	EDEN HILLS PB 185 PG 1-6 LOT 22	1	$806.45	$1,303.76		$2,110.21	
262730496752000230	EDEN HILLS PB 185 PG 1-6 LOT 23	1	$806.45	$1,303.76		$2,110.21	
262730496752000240	EDEN HILLS PB 185 PG 1-6 LOT 24	1	$806.45	$1,303.76		$2,110.21	
262730496752000250	EDEN HILLS PB 185 PG 1-6 LOT 25	1	$806.45	$1,303.76		$2,110.21	
262730496752000260	EDEN HILLS PB 185 PG 1-6 LOT 26	1	$806.45	$1,303.76		$2,110.21	
262730496752000270	EDEN HILLS PB 185 PG 1-6 LOT 27	1	$806.45	$1,303.76		$2,110.21	
262730496752000280	EDEN HILLS PB 185 PG 1-6 LOT 28	1	$806.45	$1,303.76		$2,110.21	
262730496752000290	EDEN HILLS PB 185 PG 1-6 LOT 29	1	$806.45	$1,303.76		$2,110.21	
262730496752000300	EDEN HILLS PB 185 PG 1-6 LOT 30	1	$806.45	$1,303.76		$2,110.21	
262730496752000310	EDEN HILLS PB 185 PG 1-6 LOT 31	1	$806.45	$1,303.76		$2,110.21	

PARCEL ID	PROP DSCR1	Units	O&M	2020 Debt	2022 Debt	Total	
262730496752000320	EDEN HILLS PB 185 PG 1-6 LOT 32	1	$806.45	$1,303.76		$2,110.21	
262730496752000330	EDEN HILLS PB 185 PG 1-6 LOT 33	1	$806.45	$1,303.76		$2,110.21	
262730496752000340	EDEN HILLS PB 185 PG 1-6 LOT 34	1	$806.45	$1,303.76		$2,110.21	
262730496752000350	EDEN HILLS PB 185 PG 1-6 LOT 35	1	$806.45	$1,303.76		$2,110.21	
262730496752000360	EDEN HILLS PB 185 PG 1-6 LOT 36	1	$806.45	$1,303.76		$2,110.21	
262730496752000370	EDEN HILLS PB 185 PG 1-6 LOT 37	1	$806.45	$1,303.76		$2,110.21	
262730496752000380	EDEN HILLS PB 185 PG 1-6 LOT 38	1	$806.45	$1,303.76		$2,110.21	
262730496752000390	EDEN HILLS PB 185 PG 1-6 LOT 39	1	$806.45	$1,303.76		$2,110.21	
262730496752000400	EDEN HILLS PB 185 PG 1-6 LOT 40	1	$806.45	$1,303.76		$2,110.21	
262730496752000410	EDEN HILLS PB 185 PG 1-6 LOT 41	1	$806.45	$1,303.76		$2,110.21	
262730496752000420	EDEN HILLS PB 185 PG 1-6 LOT 42	1	$806.45	$1,303.76		$2,110.21	
262730496752000430	EDEN HILLS PB 185 PG 1-6 LOT 43	1	$806.45	$1,303.76		$2,110.21	
262730496752000440	EDEN HILLS PB 185 PG 1-6 LOT 44	1	$806.45	$1,303.76		$2,110.21	
262730496752000450	EDEN HILLS PB 185 PG 1-6 LOT 45	1	$806.45	$1,303.76		$2,110.21	
262730496752000460	EDEN HILLS PB 185 PG 1-6 LOT 46	1	$806.45	$1,303.76		$2,110.21	
262730496752000470	EDEN HILLS PB 185 PG 1-6 LOT 47	1	$806.45	$1,303.76		$2,110.21	
262730496752000480	EDEN HILLS PB 185 PG 1-6 LOT 48	1	$806.45	$1,303.76		$2,110.21	
262730496752000490	EDEN HILLS PB 185 PG 1-6 LOT 49	1	$806.45	$1,303.76		$2,110.21	
262730496752000500	EDEN HILLS PB 185 PG 1-6 LOT 50	1	$806.45	$1,303.76		$2,110.21	
262730496752000510	EDEN HILLS PB 185 PG 1-6 LOT 51	1	$806.45	$1,303.76		$2,110.21	
262730496752000520	EDEN HILLS PB 185 PG 1-6 LOT 52	1	$806.45	$1,303.76		$2,110.21	
262730496752000530	EDEN HILLS PB 185 PG 1-6 LOT 53	1	$806.45	$1,303.76		$2,110.21	
262730496752000540	EDEN HILLS PB 185 PG 1-6 LOT 54	1	$806.45	$1,303.76		$2,110.21	
262730496752000550	EDEN HILLS PB 185 PG 1-6 LOT 55	1	$806.45	$1,303.76		$2,110.21	
262730496752000560	EDEN HILLS PB 185 PG 1-6 LOT 56	1	$806.45	$1,303.76		$2,110.21	
262730496752000570	EDEN HILLS PB 185 PG 1-6 LOT 57	1	$806.45	$1,303.76		$2,110.21	
262730496752000580	EDEN HILLS PB 185 PG 1-6 LOT 58	1	$806.45	$1,303.76		$2,110.21	
262730496752000590	EDEN HILLS PB 185 PG 1-6 LOT 59	1	$806.45	$1,303.76		$2,110.21	
262730496752000600	EDEN HILLS PB 185 PG 1-6 LOT 60	1	$806.45	$1,303.76		$2,110.21	
262730496752000610	EDEN HILLS PB 185 PG 1-6 LOT 61	1	$806.45	$1,303.76		$2,110.21	
262730496752000620	EDEN HILLS PB 185 PG 1-6 LOT 62	1	$806.45	$1,303.76		$2,110.21	
262730496752000630	EDEN HILLS PB 185 PG 1-6 LOT 63	1	$806.45	$1,303.76		$2,110.21	
262730496752000640	EDEN HILLS PB 185 PG 1-6 LOT 64	1	$806.45	$1,303.76		$2,110.21	
262730496752000650	EDEN HILLS PB 185 PG 1-6 LOT 65	1	$806.45	$1,303.76		$2,110.21	
262730496752000660	EDEN HILLS PB 185 PG 1-6 LOT 66	1	$806.45	$1,303.76		$2,110.21	

PARCEL ID	PROP DSCR1	Units	O&M	2020 Debt	2022 Debt	Total	
262730496752000670	EDEN HILLS PB 185 PG 1-6 LOT 67	1	$806.45	$1,303.76		$2,110.21	
262730496752000680	EDEN HILLS PB 185 PG 1-6 LOT 68	1	$806.45	$1,303.76		$2,110.21	
262730496752000690	EDEN HILLS PB 185 PG 1-6 LOT 69	1	$806.45	$1,303.76		$2,110.21	
262730496752000700	EDEN HILLS PB 185 PG 1-6 LOT 70	1	$806.45	$1,303.76		$2,110.21	
262730496752000710	EDEN HILLS PB 185 PG 1-6 LOT 71	1	$806.45	$1,303.76		$2,110.21	
262730496752000720	EDEN HILLS PB 185 PG 1-6 LOT 72	1	$806.45	$1,303.76		$2,110.21	
262730496752000730	EDEN HILLS PB 185 PG 1-6 LOT 73	1	$806.45	$1,303.76		$2,110.21	
262730496752000740	EDEN HILLS PB 185 PG 1-6 LOT 74	1	$806.45	$1,303.76		$2,110.21	
262730496752000750	EDEN HILLS PB 185 PG 1-6 LOT 75	1	$806.45	$1,303.76		$2,110.21	
262730496752000760	EDEN HILLS PB 185 PG 1-6 LOT 76	1	$806.45	$1,303.76		$2,110.21	
262730496752000770	EDEN HILLS PB 185 PG 1-6 LOT 77	1	$806.45	$1,303.76		$2,110.21	
262730496752000780	EDEN HILLS PB 185 PG 1-6 LOT 78	1	$806.45	$1,303.76		$2,110.21	
262730496752000790	EDEN HILLS PB 185 PG 1-6 LOT 79	1	$806.45	$1,303.76		$2,110.21	
262730496752000800	EDEN HILLS PB 185 PG 1-6 LOT 80	1	$806.45	$1,303.76		$2,110.21	
262730496752000810	EDEN HILLS PB 185 PG 1-6 LOT 81	1	$806.45	$1,303.76		$2,110.21	
262730496752000820	EDEN HILLS PB 185 PG 1-6 LOT 82	1	$806.45	$1,303.76		$2,110.21	
262730496752000830	EDEN HILLS PB 185 PG 1-6 LOT 83	1	$806.45	$1,303.76		$2,110.21	
262730496752000840	EDEN HILLS PB 185 PG 1-6 LOT 84	1	$806.45	$1,303.76		$2,110.21	
262730496752000850	EDEN HILLS PB 185 PG 1-6 LOT 85	1	$806.45	$1,303.76		$2,110.21	
262730496752000860	EDEN HILLS PB 185 PG 1-6 LOT 86	1	$806.45	$1,303.76		$2,110.21	
262730496752000870	EDEN HILLS PB 185 PG 1-6 LOT 87	1	$806.45	$1,303.76		$2,110.21	
262730496752000880	EDEN HILLS PB 185 PG 1-6 LOT 88	1	$806.45	$1,303.76		$2,110.21	
262730496752000890	EDEN HILLS PB 185 PG 1-6 LOT 89	1	$806.45	$1,303.76		$2,110.21	
262730496752000900	EDEN HILLS PB 185 PG 1-6 LOT 90	1	$806.45	$1,303.76		$2,110.21	
262730496752000910	EDEN HILLS PB 185 PG 1-6 LOT 91	1	$806.45	$1,303.76		$2,110.21	
262730496752000920	EDEN HILLS PB 185 PG 1-6 LOT 92	1	$806.45	$1,303.76		$2,110.21	
262730496752000930	EDEN HILLS PB 185 PG 1-6 LOT 93	1	$806.45	$1,303.76		$2,110.21	
262730496752000940	EDEN HILLS PB 185 PG 1-6 LOT 94	1	$806.45	$1,303.76		$2,110.21	
262730496752000950	EDEN HILLS PB 185 PG 1-6 LOT 95	1	$806.45	$1,303.76		$2,110.21	
262730496752000960	EDEN HILLS PB 185 PG 1-6 LOT 96	1	$806.45	$1,303.76		$2,110.21	
262730496752000970	EDEN HILLS PB 185 PG 1-6 LOT 97	1	$806.45	$1,303.76		$2,110.21	
262730496752000980	EDEN HILLS PB 185 PG 1-6 LOT 98	1	$806.45	$1,303.76		$2,110.21	
262730496752000990	EDEN HILLS PB 185 PG 1-6 LOT 99	1	$806.45	$1,303.76		$2,110.21	
262730496752001000	EDEN HILLS PB 185 PG 1-6 LOT 100	1	$806.45	$1,303.76		$2,110.21	
262730496752001010	EDEN HILLS PB 185 PG 1-6 LOT 101	1	$806.45	$1,303.76		$2,110.21	

PARCEL ID	PROP DSCR1	Units	O&M	2020 Debt	2022 Debt	Total	
262730496752001020	EDEN HILLS PB 185 PG 1-6 LOT 102	1	$806.45	$1,303.76		$2,110.21	
262730496752001030	EDEN HILLS PB 185 PG 1-6 LOT 103	1	$806.45	$1,303.76		$2,110.21	
262730496752001040	EDEN HILLS PB 185 PG 1-6 LOT 104	1	$806.45	$1,303.76		$2,110.21	
262730496752001050	EDEN HILLS PB 185 PG 1-6 LOT 105	1	$806.45	$1,303.76		$2,110.21	
262730496752001060	EDEN HILLS PB 185 PG 1-6 LOT 106	1	$806.45	$1,303.76		$2,110.21	
262730496752001070	EDEN HILLS PB 185 PG 1-6 LOT 107	1	$806.45	$1,303.76		$2,110.21	
262730496752001080	EDEN HILLS PB 185 PG 1-6 LOT 108	1	$806.45	$1,303.76		$2,110.21	
262730496752001090	EDEN HILLS PB 185 PG 1-6 LOT 109	1	$806.45	$1,303.76		$2,110.21	
262730496752001100	EDEN HILLS PB 185 PG 1-6 LOT 110	1	$806.45	$1,303.76		$2,110.21	
262730496752001110	EDEN HILLS PB 185 PG 1-6 LOT 111	1	$806.45	$1,303.76		$2,110.21	
262730496752001120	EDEN HILLS PB 185 PG 1-6 LOT 112	1	$806.45	$1,303.76		$2,110.21	
262730496752001130	EDEN HILLS PB 185 PG 1-6 LOT 113	1	$806.45	$1,303.76		$2,110.21	
262730496752001140	EDEN HILLS PB 185 PG 1-6 LOT 114	1	$806.45	$1,303.76		$2,110.21	
262730496752001150	EDEN HILLS PB 185 PG 1-6 LOT 115	1	$806.45	$1,303.76		$2,110.21	
262730496752001160	EDEN HILLS PB 185 PG 1-6 LOT 116	1	$806.45	$1,303.76		$2,110.21	
262730496752001170	EDEN HILLS PB 185 PG 1-6 LOT 117	1	$806.45	$1,303.76		$2,110.21	
262730496752001180	EDEN HILLS PB 185 PG 1-6 LOT 118	1	$806.45	$1,303.76		$2,110.21	
262730496752001190	EDEN HILLS PB 185 PG 1-6 LOT 119	1	$806.45	$1,303.76		$2,110.21	
262730496752001200	EDEN HILLS PB 185 PG 1-6 LOT 120	1	$806.45	$1,303.76		$2,110.21	
262730496752001210	EDEN HILLS PB 185 PG 1-6 LOT 121	1	$806.45	$1,303.76		$2,110.21	
262730496752001220	EDEN HILLS PB 185 PG 1-6 LOT 122	1	$806.45	$1,303.76		$2,110.21	
262730496752001230	EDEN HILLS PB 185 PG 1-6 LOT 123	1	$806.45	$1,303.76		$2,110.21	
262730496752001240	EDEN HILLS PB 185 PG 1-6 LOT 124	1	$806.45	$1,303.76		$2,110.21	
262730496752001250	EDEN HILLS PB 185 PG 1-6 LOT 125	1	$806.45	$1,303.76		$2,110.21	
262730496752001260	EDEN HILLS PB 185 PG 1-6 LOT 126	1	$806.45	$1,303.76		$2,110.21	
262730496752001270	EDEN HILLS PB 185 PG 1-6 LOT 127	1	$806.45	$1,303.76		$2,110.21	
262730496752001280	EDEN HILLS PB 185 PG 1-6 LOT 128	1	$806.45	$1,303.76		$2,110.21	
262730496752001290	EDEN HILLS PB 185 PG 1-6 LOT 129	1	$806.45	$1,303.76		$2,110.21	
262730496752001300	EDEN HILLS PB 185 PG 1-6 LOT 130	1	$806.45	$1,303.76		$2,110.21	
262730496752001310	EDEN HILLS PB 185 PG 1-6 LOT 131	1	$806.45	$1,303.76		$2,110.21	
262730496752001320	EDEN HILLS PB 185 PG 1-6 LOT 132	1	$806.45	$1,303.76		$2,110.21	
262730496752001330	EDEN HILLS PB 185 PG 1-6 LOT 133	1	$806.45	$1,303.76		$2,110.21	
262730496752001340	EDEN HILLS PB 185 PG 1-6 LOT 134	1	$806.45	$1,303.76		$2,110.21	
262730496752001350	EDEN HILLS PB 185 PG 1-6 LOT 135	1	$806.45	$1,303.76		$2,110.21	
262730496752001360	EDEN HILLS PB 185 PG 1-6 LOT 136	1	$806.45	$1,303.76		$2,110.21	

PARCEL ID	PROP DSCR1	Units	O&M	2020 Debt	2022 Debt	Total	
262730496752001370	EDEN HILLS PB 185 PG 1-6 LOT 137	1	$806.45	$1,303.76		$2,110.21	
262730496752001380	EDEN HILLS PB 185 PG 1-6 LOT 138	1	$806.45	$1,303.76		$2,110.21	
262730496752001390	EDEN HILLS PB 185 PG 1-6 LOT 139	1	$806.45	$1,303.76		$2,110.21	
262730496752001400	EDEN HILLS PB 185 PG 1-6 LOT 140	1	$806.45	$1,303.76		$2,110.21	
262730496752001410	EDEN HILLS PB 185 PG 1-6 LOT 141	1	$806.45	$1,303.76		$2,110.21	
262730496752001420	EDEN HILLS PB 185 PG 1-6 LOT 142	1	$806.45	$1,303.76		$2,110.21	
Total Gross On-Roll Assessments		142	$114,515.90	$185,133.92	$0.00	$299,649.82	
							
Total Net On-Roll Assessments		142	$106,499.79	$172,174.55	$0.00	$278,674.33	

Direct Billing
262729000000033010	

NW1/4 OF NW1/4 LESS S 330 FT AND W1/4 OF NE1/4 OF	

70	

56,451.50		

$93,660.00	

$150,111.50	
262720000000044020	BEG SW COR OF SEC RUN S89-55-39E ALONG S LN OF	70	$56,451.50		$97,314.00	$153,765.50	
262719000000022010	S1/2 OF SE1/4 LYING NLY OF CASS RD & E1/2 OF SW1/4	330	$266,128.50		$458,766.00	$724,894.50	
Total Gross Direct Billing		470	$379,031.50	$0.00	$649,740.00	$1,028,771.50	
							
Total Net Direct Billing		470	$352,499.30	$0.00	$604,258.20	$956,757.50	
							
Total Gross Assessments		612	$493,547.40	$185,133.92	$649,740.00	$1,328,421.32	
							
Total Net Assessments		612	$458,999.08	$172,174.55	$604,258.20	$1,235,431.83	

Section VI
RESOLUTION 2022-12

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2022/2023; AND PROVIDING FOR AN EFFECTIVE DATE.

Whereas, the Eden Hills Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within the City of Lake Alfred, Polk County, Florida; and

Whereas, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi- annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

Whereas, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and

WHEREAS, the Board desires to adopt the Fiscal Year 2022/2023 annual meeting schedule attached as Exhibit A.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The Fiscal Year 2022/2023 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

SECTION 2.   This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 10th day of August 2022.

ATTEST:	EDEN HILLS COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Fiscal Year 2022/2023 Annual Meeting Schedule
Exhibit A: Fiscal Year 2022/2023 Annual Meeting Schedule

BOARD OF SUPERVISORS MEETING DATES EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2022/2023

The Board of Supervisors of the Eden Hills Community Development District will hold their regular meetings for Fiscal Year 2022/2023 at 5:00 PM on the 2nd Wednesday of every month at the Lake Alfred Public Library, 245 N Seminole Ave, Lake Alfred, FL 33850, unless otherwise indicated, as follows:

October 12, 2022
November 9, 2022
December 14, 2022
January 11, 2023
February 8, 2023
March 8, 2023
April 12, 2023
May 10, 2023
June 14, 2023
July 12, 2023
August 9, 2023
September 13, 2023

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 Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524.

There may be occasions when one or more Supervisors or staff will participate by 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.

District Manager

Section VII

Eden Hills Community Development District ANNUAL FINANCIAL REPORT
September 30, 2021
Eden Hills Community Development District ANNUAL FINANCIAL REPORT
September 30, 2021 TABLE OF CONTENTS
Page Number

REPORT OF INDEPENDENT AUDITORS	1-2
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-8
BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements:
Statement of Net Position	9
Statement of Activities	10
Fund Financial Statements:
Balance Sheet – Governmental Funds	11
Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities	12
Statement of Revenues, Expenditures and Changes in Fund
Balances – Governmental Funds	13
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities	14
Statement of Revenues, Expenditures and Changes in Fund
Balances – Budget and Actual – General Fund	15
Notes to Financial Statements	16-28
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	29-30
MANAGEMENT LETTER	31-33
INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH
SECTION 218.415, FLORIDA STATUTES	34

REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Eden Hills Community Development District Lake Alfred, Florida
Report on the Financial Statements

We have audited the accompanying financial statements of Eden Hills Community Development District as of and for the fiscal year ended September 30, 2021, and related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Accounting Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
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To the Board of Supervisors
Eden Hills Community Development District

Opinion

In our opinion, the basic financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities, and each major fund of Eden Hills Community Development District as of September 30, 2021, and the respective changes in financial position and the budgetary comparison for the General Fund for the year then ended in conformity with accounting principles generally accepted in the United States of America.

Other Matters

Management’s Discussion and Analysis

Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economical or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted principally of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with the sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report dated June 27, 2022 on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations and contracts.

The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Eden Hills Community Development District’s internal control over financial reporting and compliance.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 27, 2022

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Management’s discussion and analysis of Eden Hills Community Development District’s (the “District”) financial performance provides an objective and easily readable analysis of the District’s financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District’s financial statements.

OVERVIEW OF THE FINANCIAL STATEMENTS

The District’s basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District’s financial position and results of operations. The Fund financial statements present financial information for the District’s major funds. The Notes to financial statements provide additional information concerning the District’s finances.

The Government-wide financial statements are the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position of governmental activities and the change in net position. Governmental activities are primarily supported by special assessments.

The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Net position is reported in three categories; 1) net investment in capital assets, 2) restricted, and 3) unrestricted. Assets, liabilities, and net position are reported for all Governmental activities.

The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District’s operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government, physical environment and debt service.

Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current available resources.

Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances – budget and actual is provided for the District’s General Fund. Fund financial statements provide more detailed information about the District’s activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District’s financial standing. These statements are comparable to private-sector companies and give a good understanding of the District’s overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of the District, including capital assets are reported in the statement of net position. All liabilities, including principal outstanding on bonds are included. The statement of activities includes depreciation on all long lived assets of the District, but transactions between the different functions of the District have been eliminated in order to avoid “doubling up” the revenues and expenses. The fund financial statements provide a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as general obligation bonds, are not included in the fund financial statements. To provide a link from the fund financial statements to the government-wide financial statements, reconciliations are provided from the fund financial statements to the government- wide financial statements.

Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets and long-term debt are some of the items included in the notes to financial statements.

Financial Highlights

The following are the highlights of financial activity for the fiscal year ended September 30, 2021.

The District’s assets exceeded liabilities by $2,290,384 (net position). Net investment in capital assets was $2,292,581. Restricted net position was $10,453 and unrestricted net position was $(12,650).

Governmental activities revenues totaled $2,747,843, while governmental activities expenses totaled $467,899.

Financial Analysis of the District

The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes.

Net Position

Governmental Activities 2021	2020

Total Net Position

 $	2,290,384 

 $	10,440 

The increase in current assets is related to the increase in due from developer in the current year.

The increase in capital assets is related to the capital projects activity in the current year.

The increase in restricted assets and non-current liabilities is related to the issuance of long- term debt in the current year.

The decrease in current liabilities is mainly related to the decrease in contracts/retainage payable in the current year.

Financial Analysis of the District (Continued)
The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes.
Change In Net Position

Governmental Activities
	2021		2020	
Program Revenues				
Charges for services	$	103,913		$	-	
Operating contributions	79,953		100,000	
Capital contributions	2,563,947		-	
Investment income		30 			- 	
Total Revenues		2,747,843 			100,000 	

Expenses				
General government	106,261	89,560		
Physical environment	1,950	-		
Interest and other charges		359,688 		- 		
Total Expenses		467,899 		89,560 		

Change in Net Position	
2,279,944	
10,440		
Net Position - Beginning of Period		10,440 		- 		
Net Position - End of Period	 $	2,290,384 	 $	10,440 		

The increase in capital contributions is related to the capital project started in the current year.

The increase in charges for services is related to special assessments were initiated in the current year.

The increase in interest and other charges is mainly related to the cost of issuance of long-term debt in the current year.

Capital Assets Activity

The following schedule provides a summary of the District’s capital assets as of September 30, 2021 and 2020.

Governmental Activities
2021		2020		
Land	$	1,450,000		$	-	
Construction in progress		3,801,449 		- 		
Total	 $	5,251,449 	 $	- 		

Current year activity consisted of additions of $1,450,000 of land and $3,801,449 of construction in progress.
General Fund Budgetary Highlights
Actual expenditures were less than the budgeted expenditures because engineering fees and maintenance costs were lower than anticipated.
There were no amendments to the September 30, 2021 budget.
Debt Management

Governmental Activities debt includes the following:

In November 2020, the District issued $2,950,000 Series 2020 Special Assessment Bonds. These bonds were issued to finance a portion or all of the costs of the planning, financing, acquisition, construction, equipping and installation of the Series 2020 Project. As of September 30, 2021, the balance outstanding was $2,950,000.

Economic Factors and Next Year’s Budget
Eden Hills Community Development District issued Special Assessment Bonds, Series 2022, in February 2022 to provide funds to pay all or a portion of the costs of the planning, financing, acquisition, construction, equipping and installation of the Series 2022 Project. The District cannot determine the affect the bond issuance will have on operations for the year ended September 30, 2022.

Request for Information
The financial report is designed to provide a general overview of Eden Hills Community Development District’s finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Eden Hills Community Development District 219 East Livingston Street, Orlando, Florida, 32801.
Eden Hills Community Development District STATEMENT OF NET POSITION
September 30, 2021

Governmental Activities

$	23,548	
92,875	
	10,175 	
	126,598 	

144,465

1,450,000	
      3,801,449 	
      5,395,914 	
      5,522,512 	

11,663	
213,878	
47,719	
       55,000 	
       328,260 	

	2,903,868 
	3,232,128 

See accompanying notes to financial statements.

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Eden Hills Community Development District STATEMENT OF ACTIVITIES
For the Fiscal Year Ended September 30, 2021

Expenses

	30 

Change in Net Position	2,279,944

	10,440 
 $	2,290,384 

See accompanying notes to financial statements.

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Eden Hills Community Development District BALANCE SHEET –
GOVERNMENTAL FUNDS
September 30, 2021

Debt	Capital
	General	 	Service	 	Projects	

Total Fund Balances and Fund Balances
 $	40,533 
 $	144,210 
 $	86,320 
 $	271,063 

See accompanying notes to financial statements.
Eden Hills Community Development District RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES
TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2021

Total Governmental Fund Balances

Amounts reported for governmental activities in the Statement of Net Position	
are different because:	

$	45,522

5,251,449

Long-term liabilities, including bonds payable, $(2,950,000), and bond		
premium, net, $(8,868), are not due and payable in the current period		
and therefore, are not reported at the fund level.	(2,958,868)	

	(47,719)

Net Position of Governmental Activities	 $	2,290,384 

See accompanying notes to financial statements.
Eden Hills Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES – GOVERNMENTAL FUNDS
For the Fiscal Year Ended September 30, 2021

Total
Debt	Capital	Governmental
	Service	 	Projects	 	Funds	

144,210	655,564	818,204

	-  	(783,122) 	(772,682)

 $	45,522 

See accompanying notes to financial statements.
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
For the Fiscal Year Ended September 30, 2021

Net Change in Fund Balances - Total Governmental Funds	$

Amounts reported for governmental activities in the Statement of Activities are	
different because:	

The issuance of long-term debt and bond premium are recorded as an other	
financing source at the fund level, however, the proceeds increase liabilities	
at the government-wide level.	

Bond premium is recognized as an other financing source in the year the bonds are	
issued at the fund level, however, the premium is combined with bonds payable	
at the government-wide level and amortized over the life of the bonds.	

818,204

(2,959,121)

253

In the Statement of Activities, interest is accrued on outstanding bonds;		
whereas in governmental funds, interest expenditures are reported when		
due. This is the change in accrued interest during the current period.		(47,719)	

Change in Net Position of Governmental Activities	 $	2,279,944 

See accompanying notes to financial statements.
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – GENERAL FUND
For the Fiscal Year Ended September 30, 2021

Actual

$ 184,965
$ 184,965
$  79,953
$	(105,012)
	- 		- 		46,650 		46,650 
	184,965 		184,965 		126,603 		(58,362)

130,875	130,875	106,223	24,652
	54,090 		54,090 		1,950 		52,140 
	184,965 		184,965 		108,173 		76,792 

Net Change in Fund Balances	-	-

Fund Balances - October 1, 2020		- 		- 		10,440 		10,440 

Fund Balances - September 30, 2021
 $	- 
 $	- 
 $  28,870 
 $	28,870 

See accompanying notes to financial statements.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of the District have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described below.

Reporting Entity

The District was established on October 21, 2019, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), and by Ordinance No 1422-19 of the City Commission of the City of Lake Alfred, Florida, as a Community Development District. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is authorized to issue bonds for the purpose, among others, of financing, funding, planning, establishing, acquiring, constructing district roads, landscaping, and other basic infrastructure projects within or outside the boundaries of the Eden Hills Community Development District. The District is governed by a five member Board of Supervisors. All the Supervisors are employed by the Developer. The District operates within the criteria established by Chapter 190, Florida Statutes.

As required by GAAP, these financial statements present the Eden Hills Community Development District (the primary government) as a stand-alone government. The reporting entity for the District includes all functions of government in which the District’s Board exercises oversight responsibility including, but not limited to, financial interdependency, selection of governing authority, designation of management, significant ability to influence operations and accountability for fiscal matters.

Based upon the application of the above-mentioned criteria as set forth in Governmental Accounting Standards Board, The Financial Reporting Entity, the District has identified no component units.

Measurement Focus and Basis of Accounting

The basic financial statements of the District are composed of the following:

Government-wide financial statements

Fund financial statements

Notes to financial statements

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

Government-wide Financial Statements

Government-wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include all the governmental activities of the primary government. The effect of interfund activity has been removed from these statements.

Governmental activities are supported by developer contributions and interest. Program revenues are netted with program expenses in the statement of activities to present the net cost of each program

Amounts paid to acquire capital assets are capitalized as assets, rather than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as an other financing source.

Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.

Fund Financial Statements

The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self- balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Fund financial statements for the primary government’s governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

2. Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds
The District classifies fund balance according to Governmental Accounting Standards Board Statement 54 – Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent.

The District has various policies governing the fund balance classifications.

Nonspendable Fund Balance – This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Restricted Fund Balance – This classification includes amounts that can be spent only for specific purposes stipulated by constitution, external resource providers, or through enabling legislation.

Assigned Fund Balance – This classification consists of the Board of Supervisors’ intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District’s management company.

Unassigned Fund Balance – This classification is the residual classification for the government’s general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used.

Fund Balance Spending Hierarchy – For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds (Continued)
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.

Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Interest associated with the current fiscal period is considered to be an accrual item and so has been recognized as revenue of the current fiscal period.

Under the current financial resources measurement focus, only current assets and current liabilities are generally included on the balance sheet. The reported fund balance is considered to be a measure of “available spendable resources”.

Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period.

Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures in the year that resources are expended, rather than as fund assets. The proceeds of long- term debt are recorded as an other financing source rather than as a fund liability.

Debt service expenditures are recorded only when payment is due.

Basis of Presentation

Governmental Major Funds

General Fund – The General Fund is the District’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Basis of Presentation (Continued)
Governmental Major Funds (Continued)
Debt Service Fund – Accounts for debt service requirements to retire certain capital improvement revenue bonds which were used to finance the construction of District infrastructure improvements and finance certain additional improvements. The bond series is secured by a pledge of debt service special assessment revenues in any fiscal year related to the improvements. A lien is placed on all benefited land in relationship to the debt outstanding.
Capital Projects Fund – The Capital Projects Fund accounts for the construction of infrastructure improvements within the District.
Non-current Governmental Assets/Liabilities
GASB Statement 34 requires that non-current governmental assets, such as land and improvements, and non-current governmental liabilities, such as general obligation bonds and due to developer be reported in the governmental activities column in the government-wide Statement of Net Position.

Assets, Liabilities, and Net Position or Equity

Cash and Investments

Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds. This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits.

The District is authorized to invest in those financial instruments as established by Section 218.415, Florida Statutes. The authorized investments consist of:

Direct obligations of the United States Treasury;

The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperative Act of 1969;

Interest-bearing time deposits or savings accounts in authorized qualified public depositories;

Securities and Exchange Commission, registered money market funds with the highest credit quality rating from a nationally recognized rating agency.

Assets, Liabilities, and Net Position or Equity (Continued)

Cash and Investments (Continued)

Cash equivalents include time deposits and all highly liquid debt instruments with original maturities of three months or less and held in a qualified public depository as defined by Section 280.02, Florida Statutes.

Capital Assets

Capital assets, which include land and construction in progress, are reported in the applicable governmental activities column.

The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of one year. The valuation basis for all assets is historical cost.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.

Deferred Inflows of Resources

Deferred inflows of resources represent an acquisition of net position that applies to a future reporting period(s) and so will not be recognized as an inflow of resources (revenue) until then. The District only has one time that qualifies for reporting in the category. Unavailable revenues are reported only in the governmental funds balance sheet. This amount is deferred and recognized as an inflow of resources in the period that amounts become available.

Budgets

Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to Chapter 190, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. A formal budget is adopted for the general fund. As a result, deficits in the budget columns of the accompanying financial statements may occur.

NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS

Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position

“Total fund balances” of the District’s governmental funds, $45,522, differs from “net position” of governmental activities, $2,290,384, reported in the Statement of Net Position. This difference primarily results from the long-term economic focus of the statement of net position versus the current financial resources focus of the governmental fund balance sheet. The effect of the differences is illustrated below.

Capital related items

When capital assets (construction in progress, that are to be used in governmental activities) are purchased or constructed, the cost of those assets is reported as expenditures in governmental funds. However, the Statement of Net Position included those capital assets among the assets of the District as a whole.

Construction in progress	$	3,801,449	
Land		1,450,000	
Total	$	5,251,449	

Long-term debt transactions

Long-term liabilities applicable to the District’s governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities (both current and long-term) are reported in the Statement of Net Position. Balances at September 30, 2021 were:

Bonds payable		$ (2,950,000)	
Bond premium, net			(8,868)	
Total

Accrued interest

Accrued liabilities in the Statement of	

Net	$ (2,958,868)

Position differ from the amount reported in	
governmental funds due to the accrued interest on bonds.

Accrued interest	$	(47,719)

NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)
Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities
The “net change in fund balances” for government funds, $818,204, differs from the “change in net position” for governmental activities, $2,279,944, reported in the Statement of Activities. The differences arise primarily from the long-term economic focus of the Statement of Activities versus the current financial resources focus of the governmental funds. The effect of the differences is illustrated below:
Capital related items
When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures in governmental funds. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives and reported as depreciation. As a result, fund balances decrease by the amount of financial resources expended, whereas net position decrease by the amount of depreciation charged for the year.
Capital outlay	$	4,468,327 

Long-term debt transactions
Some expenses reported in the Statement of Activities do not require the use of current financial resources, therefore, are not reported as expenditures in governmental funds.
Net change in accrued interest payable	$	(47,719)

Proceeds from the issuance of long-term debt and bond premiums are recognized as an other financing source at the fund level. These proceeds increase liabilities at the government-wide level.

Issuance of long-term debt	$	(2,950,000)
Bond premium		(9,121)
Total	$	(2,959,121)

Amortization of the bond discount does not require the use of current resources and therefore is not reported in the governmental funds.
Amortization of bond premium	$	253

NOTE C – CASH AND INVESTMENTS

All deposits are held in qualified public depositories and are included on the accompanying balance sheet as cash and investments.

Custodial Credit Risk – Deposits

Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not be returned to it. The District does not have a formal deposit policy for custodial credit risk, however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2021, the District's bank balance was $148,460 and the carrying value was $23,548. Exposure to custodial credit risk was as follows. The District maintains all deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

As of September 30, 2021, the District had the following investments and maturities:

Investment	Maturities	Fair Value
First American Treasury Obligations Fund	*13 days	$ 144,465

The District categorizes its fair value measurements within the fair value hierarchy recently established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.

Assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable and uses significant unobservable inputs that uses the best information available under the circumstances, which includes the District’s own data in measuring unobservable inputs.

Based on the criteria in the preceding paragraph, the investment listed above is a Level 1 asset. Interest Rate Risk
The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.

NOTE C – CASH AND INVESTMENTS (CONTINUED)

Credit Risk

The District's investments in treasury funds, are limited by state statutory requirements and bond compliance. The District has no investment policy that would further limit its investment choices. As of September 30, 2021, the District’s investments in First American Treasury Obligations Fund was rated AAAm by Standard & Poor’s.

Concentration of Credit Risk

The District places no limit on the amount it may invest in any one fund. The investments in First American Treasury Obligations Fund represent 100% of District’s total investments.

The types of deposits and investments and their level of risk exposure as of September 30, 2021 were typical. The District considers any decline in fair value for certain investments to be temporary.

NOTE D – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2021 was as follows:

Governmental Activities:
Capital assets, not being depreciated:
Balance	Balance
October 1,	September 30,
	2020	 	Additions	  Deletions	 	2021	
Land
$	-	$
1,450,000	$
-	$	1,450,000
Construction in progress		783,122  	3,018,327  	-  	3,801,449 
Total Capital Assets, not depreciated
 $	783,122 
 $	4,468,327 
 $	- 
 $	5,251,449 

NOTE E – LONG-TERM DEBT

The following is a summary of debt activity for the District for the year ended September 30, 2021:
Balance	Balance
October 1,
2020	Additions	Reductions
September 30,
2021

Governmental Activites:	 								
Series 2020	$	-	$ 2,950,000		$	-		$	2,950,000				
Series 2020 Bond Premium	-	9,121		(253)		8,868				

Bonds Payable, Net	
$	
-	
$	
2,959,121	
$	
(253)	
$	
2,958,868	
District debt is comprised of the following at September 30, 2021:

Special Assessment Revenue Bonds

$2,950,000 Series 2020 Special Assessment Bonds maturing through 2051, at various interest rates between 2.750% and
4.125%, payable May 1 and November 1.	$	2,950,000

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2021 are as follows:

Year Ending
September 30,	Principal	Interest	Total

2022	$	55,000		$	114,525		$	169,525	
2023	55,000		113,013		168,013	
2024	60,000		111,500		171,500	
2025	60,000		109,850		169,850	
2026	60,000		108,200		168,200	
2027-2031	345,000		509,638		854,638	
2032-2036	415,000		440,575		855,575	
2037-2041	510,000		349,975		859,975	
2042-2046	625,000		237,188		862,188	
2047-2051	765,000		97,350		862,350	
Totals	$	2,950,000		$	2,191,814		$	5,141,814	

NOTE E – LONG-TERM DEBT (CONTINUED)

Summary of Significant Bonds Resolution Terms and Covenants

Special Assessment Bonds, Series 2020

Significant Bond Provisions

The Series 2020 Bonds are subject to redemption at the option of the District prior to their maturity, in whole or in part, at any time on or after May 1, 2030, at a price equal to the par amount of the respective Bonds thereof, together with accrued interest to the date of redemption. The Series 2020 Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Trust Indenture.

The Trust Indenture established certain amounts be maintained in a reserve account. In addition, the Trust Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements.

Depository Funds

The bond resolution establishes certain funds and determines the order in which revenues are to be deposited into these funds. A description of the significant funds, including their purposes, is as follows:

Reserve Funds – The Series 2020 Reserve Account was funded from the proceeds of the Series 2020 Bonds in an amount equal to the maximum annual debt service required for Series 2020 Bonds at the date of issue until the Reserve Account Release Conditions have been satisfied as established in the Trust Indenture. Once the Release Conditions have been satisfied as established in the Trust Indenture the Reserve Account shall be reduced to an amount equal to 50% of the maximum annual debt service with respect to the then outstanding principal amount. Monies held in the reserve accounts will be used only for the purposes established in the Trust Indenture.

The following is a schedule of required reserve balances as of September 30, 2021:

Reserve
Balance		
Reserve
Requirement	
Series 2020 Special Assessment Bonds	$	86,038		$	86,038	

NOTE F – RELATED PARTY TRANSACTIONS

All voting members of the Board of Supervisors are affiliated with the Developer. The District received $2,643,900 in contributions from the Developer for the fiscal year ended September 30, 2021. Additionally, the District has a balance due from the Developer, $92,875.

NOTE G – ECONOMIC DEPENDENCY

The Developer owns a significant portion of land within the District. The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE H – RISK MANAGEMENT
The government is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; and natural disasters for which the government carries commercial insurance. The District has not filed any claims under this commercial coverage.

NOTE I – SUBSEQUENT EVENT

Subsequent to year end, in February 2022, the District issued Series 2022, Special Assessment bonds for $10,465,000 to provide funds to pay all or a portion of the costs of the planning, financing, acquisition, construction, equipping and installation of the Series 2022 Project.

INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Eden Hills Community Development District Lake Alfred, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Eden Hills Community Development District, as of and for the fiscal year ended September 30, 2021, and the related notes to the financial statements, and have issued our report thereon dated June 27, 2022.

Internal Control Over Financial Reporting

In planning and performing our audit, we considered Eden Hills Community Development District's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Eden Hills Community Development District’s internal control. Accordingly, we do not express an opinion on the effectiveness of Eden Hills Community Development District's internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

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Board of Supervisors
Eden Hills Community Development District

Compliance and Other Matters

As part of obtaining reasonable assurance about whether Eden Hills Community Development District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 27, 2022

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MANAGEMENT LETTER
To the Board of Supervisors
Eden Hills Community Development District Lake Alfred, Florida
Report on the Financial Statements
We have audited the financial statements of the Eden Hills Community Development District as of and for the fiscal year ended September 30, 2021, and have issued our report thereon dated June 27, 2022.
Auditor’s Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements
We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor’s Report on an examination conducted in accordance with AICPA Professionals Standards, AT-C Section 315 regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in that report, which is dated June 27, 2022, should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been made to address findings and recommendations made in the preceding financial audit report. There were no findings or recommendations in the preceding audit.
Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, requires us to apply appropriate procedures and communicate the results of our determination as to whether or not Eden Hills Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific conditions met. In connection with our audit, we determined that the Eden Hills Community Development District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.
Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial conditions assessment procedures as of September 30, 2021 for the Eden Hills Community Development District. It is management’s responsibility to monitor the Eden Hills Community Development District’s financial condition; our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same.
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To the Board of Supervisors
Eden Hills Community Development District
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Specific Information
The information provided below was provided by management and has not been audited; therefore, we do not express an opinion or provide any assurance on the information.
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the Eden Hills Community Development District reported:
The total number of district employees compensated in the last pay period of the District’s fiscal year: 0
The total number of independent contractors to whom nonemployee compensation was paid in the last month of the District’s fiscal year: 12
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency: N/A
All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency: $3,471,095
Each construction project with a total cost of at least $65,000 approved by the District that is scheduled to begin on or after October 1, 2020, together with the total expenditures for such project: The Series 2020 Project $213,965.
A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the District amends a final adopted budget under Section 189.016(6), Florida Statutes: The budget was not amended.
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)8, Rules of the Auditor General, the Eden Hills Community Development District reported:
The rate or rates of non-ad valorem special assessments imposed by the District: The Debt Service Fund, $403.26.
The amount of special assessments collected by or on behalf of the District: Total Special Assessments collected was $57,263.
The total amount of outstanding bonds issued by the District and the terms of such bonds: Governmental Activities Series 2020 Bonds, $2,950,000, maturing May 2051.

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Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we noted no such findings.

Purpose of this Letter

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 27, 2022

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INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH SECTION 218.415 FLORIDA STATUTES

To the Board of Supervisors
Eden Hills Community Development District Lake Alfred, Florida

We have examined Eden Hills Community Development District's compliance with Section 218.415, Florida Statutes during the fiscal year ended September 30, 2021. Management is responsible for Eden Hills Community Development District’s compliance with those requirements. Our responsibility is to express an opinion on Eden Hills Community Development District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Eden Hills Community Development District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Eden Hills Community Development District’s compliance with the specified requirements.

In our opinion, Eden Hills Community Development District’s complied, in all material respects, with the aforementioned requirements during the fiscal year ended September 30, 2021.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 27, 2022

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Section VIII
Prepared By and Return To:

Roy Van Wyk, Esq. KE Law Group, PLLC
2016 Delta Boulevard, Suite 101
Tallahassee, Florida 32303

ROADWAY RIGHT- OF-WAY LANDSCAPE AND SIGN MAINTENANCE INTERLOCAL AGREEMENT

THIS ROADWAY RIGHT-OF-WAY LANDSCCAPE AND SIGN MAINTENANCE
AGREEMENT (this “Agreement”), is made and entered into by and between the CITY OF LAKE ALFRED, FLORIDA, a municipal corporation organized and existing under the laws of the State of Florida (the “City”), and the EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT, a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes, (the “District”).

W I T N E S S E T H

WHEREAS, it is the purpose and intent of this Agreement to permit and authorize the City and the District to make the most efficient use of their respective powers, resources, authority and capabilities by enabling them to cooperate on the basis of mutual advantage and to achieve the results provided for in this Agreement pursuant to Section 163.01, Florida Statutes, known as the Florida Interlocal Cooperation Act of 1969 (the “Cooperation Act”); and
WHEREAS, it is the purpose of the Cooperation Act to provide a means by which the City and the District may exercise their respective powers, privileges, and authority which they may have separately, but which pursuant to this Agreement and the Cooperation Act they may exercise collectively; and
WHEREAS, Section 163.01(5)(f) of the Cooperation Act provides that an Interlocal Agreement may contain a method or formula for equitably providing for and allocating and financing capital and operating costs for capital projects on the basis of the amount of benefits received or conferred by each participating government; and
WHEREAS, the City is responsible for the operation and maintenance of the roadways located within the District identified on Exhibit “A”, attached hereto and made a part hereof by reference, (“Roadway Right-Of-Way”); and

WHEREAS, the District was created by Ordinance of the City effective on 	,
pursuant to Chapter 190, Florida Statutes (the “Act”), for the purpose of delivering certain community development services and facilities within and outside the boundaries of the District; and

WHEREAS, under the Act, the District currently maintains certain community development services and facilities, that are within the District’s jurisdictional boundaries and adjacent to the Roadway Right-Of-Way; and
WHEREAS, the District desires to enhance the landscaping within the Roadway Right- Of-Way as well as install certain other improvements, including but not limited to irrigation and monument signs described in Exhibit “B”, attached hereto and made a part hereof by reference (the “Improvements”), that the District will install, operate and maintain; and

WHEREAS, City and District desire to memorialize their agreement whereby District, at its cost, will maintain the Improvements within the Roadway Right-of-Way and whereby the District will also have authority, subject to City approval, to install additional landscaping within the Roadway Right-Of-Way.

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the sufficiency of which is hereby acknowledged, the parties agree as follows:

Recitals. The above recitals are true and correct and hereby incorporated into the substantive body of this Agreement.

Installation. City has agreed to allow the District to install Improvements within the Roadway Right-Of-Way, as said area is hereinafter defined. As a condition of the City’s consent to the installation of the Improvements, the District has agreed to maintain same, at its cost and in perpetuity. City is relying on the District’s representation as to maintenance and would not have entered into this Agreement but for the District’s agreement to maintain the Improvements. Once installed, all landscaping within the Roadway Right-Of-Way remains the property and sole responsibility of the District and the District hereby releases the City from any liability related thereto.

Maintenance. The District shall, at its sole cost, maintain all Improvements within the Roadway Right-of-Way, described in Exhibit “A”. Maintenance shall occur consistent with all City ordinances and reasonable industry standards. District shall within thirty (30) days of this Agreement provide to the City a written schedule of maintenance activities within the Roadway Right-Of-Way. District shall not commence any maintenance activities within the Roadway Right-Of-Way prior to City approval of the maintenance schedule. Any requested changes to the approved maintenance schedule shall be submitted to the City in writing and are subject to City review and approval. Except in the case of an emergency, District shall only enter upon the Roadway Right-Of-Way to carry out maintenance activities and installation of the Improvements, as authorized by the City. Improvements, as described in this Agreement, includes landscaping, irrigation, signage and other such attendant improvements. City shall not be responsible to maintain any landscaping within the Roadway Right-Of-Way or otherwise and District hereby releases the City from any liability related thereto.

Right of Entry. Subject to the limitations described in paragraph 2, above, City hereby grants District a right-of-entry, authorizing District to enter upon the Roadway Right-Of-Way, as necessary to accomplish District’s obligations under this Agreement.

Additional Improvements. District may, in its sole discretion, submit an engineer’s plan to the City, describing the installation of additional Improvements within the Roadway Right-Of- Way. City shall, within thirty (30) days of the submittal, either approve the plan, reject the plan
or provide a revised plan for District’s consideration. District shall have the authority, at its sole cost, to install and maintain additional improvements within the Roadway Right-Of-Way, as approved by the City. Once the additional Improvements are installed, District shall provide an amended maintenance schedule to the City, for review and approval, prior to initiating maintenance activities for said additional landscaping.

Release. To the extent authorized by law, the District hereby releases the City, its representatives, employees and elected officials from any and all liability, arising out of the District’s installation and maintenance of the Improvements within the Roadway Right-Of-Way.

Priority of Roadway Right-Of-Way. The Improvements within the Roadway Right-Of- Way shall not be installed or maintained in such a manner so as to interfere, in any way, with the City’s operation or maintenance of the Roadway Right-Of-Way. It is understood between the parties hereto that the Improvements covered by this Agreement may be removed, relocated or adjusted by the City at any time in the future as determined to be necessary by the City, in its sole discretion. In the event of any removal, relocation, or adjustment to the Improvements within the Roadway Right-Of-Way by the City, the District shall be released from its obligations under this Agreement unless the District agrees in writing to extend the terms of this Agreement to the new site conditions.

Indemnification. As limited by Florida law, the District agrees that it shall release, indemnify, and hold the City harmless, its representatives, employees and elected and appointed officials, from and against all claims, damages, loss and expenses of any sort including reasonable attorney’s fees and costs including appeals, arising out of or resulting from any tort, intentional action, negligent act or omission of the District, its representatives, employees, agents, contractors, subcontractors, or anyone for whose act or acts any of them may be responsible or liable, for acts or omissions occurring in the Roadway Right-Of-Way and resulting from District’s activities as authorized, or arising, in any way, from this Agreement. Not withstanding the foregoing, nothing herein shall act or be construed to indemnify the City to the extent of any tort, intentional action, negligent act or omission of the City, its representatives, employees, agents, contractors, subcontractors with respect to the operation of Roadway Right- Of-Way.

City Inspection. The City shall have the right, but not the obligation, to inspect the Improvements within the Roadway Right-Of-Way, to determine whether it is being properly maintained. If the City determines, in its sole discretion, that any portion of said Improvements are not being properly maintained, the City shall notify the District in writing of said determination and of the appropriate repair, replacement, or maintenance activities the District must undertake. The District shall make the repairs or accomplish the maintenance activities within ten (10) days of said notice.

Notices. Any notices which may be permitted or required hereunder shall be in writing and shall be deemed to have been duly given as of the date and time the same are personally delivered, transmitted electronically (i.e., by telecopy device) or within three (3) days after depositing with the United States Postal Service, postage prepaid by Registered or Certified mail, return receipt requested, or within one (1) day after depositing with Federal Express or other overnight delivery service from which a receipt may be obtained, and addressed as follows:
City:	City of Lake Alfred, Florida 155 E Pomelo Street
Lake Alfred, Florida 33850 Attn: Amee’ Bailey Telephone: (863) 291-5748

With a Copy to:	Boswell & Dunlap, LLP.
245 South Central Avenue Bartow, Florida, 33830 Attn: Seth Claytor

District:	Eden Hills Community Development District c/o GMS-CFL, LLC
219 E. Livingston Street Celebration, FL 34747 Attn: Jill Burns Telephone: (407) 841-5524
Telecopy: (407) 839-1526

With a Copy to:	K E Law Group, PLLC.
2016 Delta Boulevard, Suite 101
Tallahassee, Florida 32303 Attn: Roy Van Wyk

or to such other address as either party hereto shall from time to time designate to the other party by notice in writing as herein provided.

Modification. This Agreement may not be amended, modified, altered, or changed in any respect whatsoever, except by a further Agreement in writing duly executed by the parties and recorded in the Public Records of Polk County, Florida.
Successors and Assigns. The terms and conditions of this Agreement shall constitute covenants running with the land, and all rights and privileges granted herein shall be appurtenant to the lands herein described, and, except as hereinafter set forth, shall run with said lands forever and be binding upon and inure to the benefit of and be enforceable by the heirs, legal representatives, successors and assigns of the parties hereto and shall continue in perpetuity, unless otherwise modified in writing by the parties hereto.
Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the transactions contemplated herein, and it supersedes all prior understandings or agreements between the parties.

Attorneys’ Fees. In the event of any dispute hereunder or of any action to interpret or enforce this Agreement, any provision hereof or any matter arising herefrom, each party shall bear its own costs, fees and expenses, including, but not limited to, witness fees, expert fees, consultant fees, attorney (in-house and outside counsel), paralegal and legal assistant fees, costs
and expenses and other professional fees, costs and expenses whether suit be brought or not, and whether in settlement, in any declaratory action, at trial or on appeal.

Relationship Between the parties. The parties acknowledge and agree that the relationship created hereby is solely as a result of and arising from the relationship of District and City as the entities responsible for the operation and maintenance of adjacent properties, respectively. It is not intended hereby, and nothing contained herein shall be construed, to establish any other relationship between the parties. Specifically, nothing contained in this Agreement, nor the relationship between the parties which may arise as a result of the provisions of this Agreement, are intended to, or shall be construed as, creating a partnership, joint venture, or other such relationship as between the parties.

Section Headings. The section headings as used herein are for convenience of reference only and shall not be deemed to vary the content of this Agreement or the covenants, agreements, representations and warranties herein set forth, or limit the provisions or scope of any section herein.

Severability. This Agreement is intended to be performed in accordance with, and only to the extent permitted by, all applicable laws, ordinances, rules, and regulations. If any provision of this Agreement or the application thereof to any person or circumstance shall, for any reason and to any extent, be invalid or unenforceable, the remainder of this Agreement and the application of such provision to other persons or circumstances shall not be affected thereby, but rather shall be enforced to the greatest extent permitted by law.

Recording of Agreement. The District shall be responsible for recording this Agreement (including all costs associated therewith) within the Public Records of Polk County, Florida and shall send a copy of said recorded Agreement to the City within thirty (30) days of the Effective Date of this Agreement.

Counterpart Execution. This Agreement may be executed in counterparts, each of which shall constitute an original, but all taken together shall constitute one and the same instrument.

Governing Law. This Agreement shall be governed by and construed under the laws of the State of Florida.

Controlling Laws. The parties to this Agreement agree to comply with all applicable federal, state and local laws, ordinances, rules and regulations.

Legal Counsel. The District and City acknowledge that they have had ample opportunity to seek and consult with independent legal counsel prior to executing this Agreement, and that they represent and warrant that they have sought such independent legal advice and counsel or have knowingly and voluntarily waived such right.

Negotiation. The parties to this Agreement acknowledge that all terms of this Agreement were negotiated at arms length and that this Agreement and all documents executed in connection herewith were prepared and executed without undue influence by any party or on any party. Further, this Agreement was drafted jointly by all parties, and no parties are entitled to the benefit of any rules of construction with respect to the interpretation of any terms, conditions or
provisions of this Agreement in favor of or against any person or party who drafted this Agreement.

Termination of Agreement and Removal of Landscaping. The City and the District retain the right terminate this Agreement at any time by notifying the other party in writing of such termination at the address listed in Section 8 of this Agreement. In the event of termination by either party, the District shall remove any and all Improvements installed by the District in the Roadway Right-Of-Way, within thirty (30) days of the date of mailing of the written notice to District, whether or not the notice is received by District, unless the parties agree in writing to the abandonment and acceptance of the Improvements so installed. If the District fails to remove said Improvements, within the above-described timeframe, the City may remove same and charge the cost of removal to the District.

Effective Date. The effective date of this Agreement (the “Effective Date”) is the date on which the last party executes this Agreement and delivers a fully-executed counterpart hereof to the other party.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date set forth above.
“CITY”

ATTEST:

By: 	
Linda Bourgeois, City Clerk
CITY OF LAKE ALFRED, FLORIDA,
a municipal corporation organized and existing under the laws of
the State of Florida

By: 	
Jack Dearman, Mayor
Date: 	

Approved as to form and legality for the use and reliance of the City of Lake Alfred, Florida only

	, 2022

By: 	
Assistant City Attorney

STATE OF FLORIDA COUNTY OF POLK
The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢ online notarization this    day of August 2022, by 	, as Mayor, of the CITY OF LAKE ALFRED, FLORIDA, a municipal corporation organized and existing under the laws of the State of Florida, on behalf of the City. He/she is personally known to me or has produced 	 as identification.

Printed Name: 	
Notary Public, State of Florida
My Commission Expires:	 My Commission No.: 	
{SEAL}
Signed, sealed and delivered in the presence of:
“DISTRICT”

EDEN HILLS COMMUNITY DEVELOPMENT DISTRICT

Print Name: 	

Print Name: 	
By: 	 Print Name: 	 Title: 	 Date: 	

STATE OF FLORIDA COUNTY OF ORANGE

The foregoing instrument was acknowledged before me by means of ▢ physical presence or ▢ online notarization this    day of August, 2022, by Warren K. Heath II, as Chairman of the Eden Hills Community Development District a special unit of local government. He/she is
personally known to me or has produced 	 as identification.

Printed Name: 	
Notary Public, State of Florida
My Commission Expires:	 My Commission No.: 	
{SEAL}
EXHIBIT “A”

Legal Description

EXHIBIT “B”

Page 10 of 10

Eden Hills Community Signage
Lake Alfred, Florida
100% Construction Documents
Date: 03/17/2021

PREPARED FOR:
THE CASSIDY ORGANIZATION. INC.
346 East Central Ave. Winter Haven, FL 33880

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GENERAL HARDSCAPE NOTES	
I, C:CMAAC.1011 SIW.LNOIIPI ALL NEC?UTlrrY COMPANIB,11, taRIMrm,MJM ?10  ?NC. FOIi \ll:'51CATION Of All lNDEl!G? Ull.ma rlll!GATION ANC 0114:A ELEMENTS MC COCl!OINATE
\Nl1'H 1'"E a.vNEll'S ?F>RESENTATIVE PRIOR TO N!IIA!ING Ol'EIUiTIONS. OAAWINc;!i AAE l"REPAAEO
ACC:ORCllNG ro THE IIEST IllFORMATION A',1...U,81,£ ATT1"1: TIME Of PQEPARINC. TI-U OOC:UMENTI.
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CONTRACTO!I SHM.L F-"MIUAAl2E HIMSELF/f-lERSELF WTTf.l EXISflNG snE CONCmONs flflOA TO NTIATIJIG C:ONnRIICTICN ALJ. EXISTING'S[E ? PAAKING LOTS C:URIIS. u111.rrn $EWEii$ -'NO 011-1E? a£MEN1l TO 111:Mi'IN 5Hi\lJ. 8E FUU.V PROTECTED FllOM A DAMAGE UNL.ESSOlHE N01l0
QEPOAr AN'/ CJSC:R8'.Y.CIE5 IEIWEEN 11"E CONSIRl.!CTION Dll.\WINGS ANO FIELO CONOIIIONS TO THE OWN?'S Rl:P?TATM IMMEDIATELY, FOi.LOW THE CWNS'l'S AE?IIE3EN1ATM1 iN.\,TRIJCTioNS ON
AN'/OISC ANCIES

S. CCNmAcTOA U COOPCIINATE ALI. WORK WITH RELATED CONIII.\CTOIU ANO WIie! WE GINl:!W. C.00.:ffilUCIION Of HE PIIQJECT l'l OlaJEA NOT TO IMPEDE TM:	OF TME	OF DIHE!IS OR TME CONTRACTOl!'S OWN WOik
C:Of'/TAACTOR SI-W..I.	,.,._L NEC:ESliAR'I" WE1V MEASl.lRa DUW\l(o, !;O/Gf11UCTION Oi'fAATIONS
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l!l. CONTIW;TOA 5tiALL 5./iL'WT !iAMPt.£5 Of EM:H PAVIHG, I\ND fN&,I T'l'PE FOCI APPROVAi. lY THE OWNUl"J IIEl"AefN'IATM: PRIOII TO CCNSIIIUCIION ACC TO THE IJIECIFIC.AT!O'!S. TIE'/' AAS TO IIE\llEW THE 1'1.ESTOUNOEAS'IN<)THELE'llfl.0"QUAUl'll0"VNIK>I.ISF ISHE5,
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11 St£ &AA.DING IVINS FOR ?AVEM T ELEVATK:1'4. MA.TCH GRACES WITls E)(IS'TING, CONOmONS. M-"'E
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II., C.ENEAA.L LJMIT'.i Of CONSTRlJCOON ARE NOTED ON ff.IE DIIAWINCS UNL.BS 011-iEIIWls.E NOTED UNLESS
011"1Eliwl5ENOTED. Tl1ELJMITOf'lol0 $1-1A!J.E,\OATTHEFACEOfEACHIUILCIN(i
1!,, CONTRACTOR 5tv.LI. SE 81..E fOA AIJ. ffiOSl0N CONTAOLJP!K)TlC110N II' LOC,,,LLY Al'l'liOV
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10. CCNIRACT? TO COOIDNATE MIS WO!!K WlrH THE WORK Of THE OTi.!;R C:ON'lltl\CTOIIS WORKING ON THIS F'RO.IECT. THE CONTRACTOR SHALL 1/E IFV THE CONDITION ANC c:o us Of /1.u. wcm:
EJIFORM!D BY OTHERS IN RELATION TO HIS/HER EC! WOES"<)f,ISl81U!1ES INCI.UOING THE C:I-IEOIING Of EXllnNG ELEVATIONS 0 STRUC:T E5 OR TO INl!l,t,flNCi CONSflllle'TION THE
C?TORSHAlL Nr.tEDl.l.TELY NOTIFVTHE OWNER'!I REPQESEMATIVE IF Am Of SITT: CONOITIONS Alie INCOMF\ETE. Ml5SlN OR DAMAGED AW ACJU5TMENTI IIEQUIQC0 TO T11E CONDITION
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GENERAL STRUCTURAL NOTES		MASONRY	
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CODES AND STANDARDS

WINDLOADSASPER
FLO?DA SUL.DING CODE 2020 EDITION FOR A 150(ULT)/110(ASO) MPH 'MND SPEED EXPOSURE C, +f-0 0 INTffiNAL PRESSURE COEFFICIENT, 1.0 IMPOr;TANCE FACTOR. AND RISK CATEGORY II?
THE smUCTURE IS DESIGNED AS OPEN, DESIGN WIND PRESSURE .45 PSF.

THE PROJECT WAS DESIGNED IN ACCORDANCE WITH THE
FLO?DA BUI.DING CODE 2020 EDITION B ASCE 7-16
C. SPECIFICATION FOO THE DESIGN. FASRICATION & ERECTION OF STRLICTLnAL STEEL FOR BUl!DNGS (AMERICAN INSTITUTE OF STEEL CONSTRUCTION) AISC ASOJ13TH EDlllON

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AUSlIE PREPARATION AND EXCAVATION WORl<IS JOBE PERFORM!:□INSTRICT ACCOr.DANCE WITH THE
?Ot,,NENOAOONS ON sons AND FOUNDATIONS INVESTIGATION P?A?D
8V AN APPROVED TESTING l.A80RATO!N Pf<IOR TO FQU\IOAllON WORK

2- THE BUii.DiNG SITE SHOULD fl: EXCAVATED TO THE DEPTH AN EXTENT INDICATED IN THE SOILS REPORT, All SUEIGRADfS SHALL BE APPROVED IN ?MIG av THE SOILS
ENGINEEk1PRIOQ TO BAC\oflWNG

SOTTOM OF FOOTINGS ASSUMED TO BEAR ON SOIL C:APABl.i OF SAFELY SUPPOrlflNG 1500PSF

.4 SOILS SUPPORTING ALL FOOTINGS MUST BE INSPECTED AND APPROVED BY A DE-GI.STEREO SOILS ENGINEER BEFORE COMMENCING WORK APPROVAL IN
WRITING MUST INDICATE THE SOIL I.S ADEQUATE TO SAFELY SUSTAIN SPECIFIED SOIL BEARING PRESSURE

I, MASC>UR,'LHtllfW..LSl.
A LOAD ?NG  ASfM C90
TYPE II NON-MOISTURE CONTROLLED
NORMAL WEIGHT
AU. CUM SHALL BE LAJD IN A FULL BED OF MORTAR IN RUNNING BOND (U N O)

THE COMPRESSIVE STRENGTH OF MASONRY (f'M) SHALL BE 1,500 PSI AS CALCULATED IN ACCORDANCE WITH ASTM Cl 314

3  ALL MORTAR SHALL 8E INA CCORDANCE WHH ASTM SPECIFICATION C27Cl A FROM FIEL.O OBTAINED TEST CUBES. (MIN.. OF TWO}.

11 GROUT SHALL BE A HIGH SLUMP MIX
IN ACCORDANCE WITH ASTM SPECIFICATION C.476
HAVING A MINIMUM COMPRES'ilVE STRENGTH Of 3,000 PS?
FROPl.-1 FIELD OBTAINED TEST CUBES (MIN.. Of TWO),
AU CONCRETE MASONl'lY BEAAING ANO SHEAAWAll.SSHALL BE INSPECTED SY A CERTIFIED INSPEcnoN COWFANY ANO CONSmUCTEO IN ACCORDANCE 'MTH THE -SUILDING CODE REQUIREMENT FOR MASONRY STr.\.lCTl.A:s-(ACI SJO/ASCE S/TSM 402) ANO"SPECIACATIONS FOR MASONrN Sml.JCTI.RS" (ACI530 1/ASCE MSMtlJ'Z)/2016EOITION5

PfK)VIDE HOT DIPPED GAl.VAl',IZJ:Q LADDER TYPE HORIZONTAL JOM REINFORCEMENT (Q GA,) Al 16" ON CENTERVERTlCALIN ALL MASONRY WALLS PROVIDE DOVE TAIL SlOT ANCHcm AT CONCRETE COLU\4NS FOR JOINT REINFORCEMENT, WALL TIES. AACHORS AND INSERTS APPLY AMIN.MUM COAT OF 1 5 OUCES Pm SQUARE FOOT (PSF) (451!/G/M2) COMPLY 'MTH THE REQUIREMENTS OF ASTM A1S3. CLASS B

EPOXY GROUT SHALL 8E NON-SHRINK HIGH CREEP RESISTANT. AND SHALL HAVE THE FOLLOWING MINIMUM ALLOWABLE PROPERTIES:
TENSILE STr.fNGTH. ASTM C .3Cl,	1,500 PSI
FLEXURALSTRENGIH,.ASTMC580:	JIOOOPSI
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THE CASSIDY
	ORGANIZATION 
-	- -
fl  TOP OF ALL FOOTINGS SHALL BE MINIMUM 12" BELOW FINISH GRADE

EXCAVATION & BACKFILL
ALL EXCAVATION SHALL BE KEPT ORV EXCAVATE TO DEPTHS AND O,..,,ENSIONS INDICATED, TAl<E EVERY PRECAUTION TO GUARD AGAINST ANY MOVEMENT OF SETTlfMENT OF ADJACENT STRUCTURES, UTILITIES. PIPING. ETC
PQOVIOE /WY BRACING OR SHORING NECESSAAV TO AVOID SETTLEMENT OA OISPlACEMENT OF EXISTING FC>l.NDATION OR STRUCTU?

CONCRETE

I  CONCRETE ELEMENTS TO HAVE THE FOLLO'N'NG S?GTHS
FOUNDATIONS	J!lXPSI
8. MASONRY GROUT	JCJIPSI
All OTHER CONCIE"E TO BE JOXJPSI l.NlESS NOTED OTHERWiSE
All CONCl'.'ETE SHALl BE READY MIX ANO MEET THE FOLLOW.NG /lEQU?ENTS
C  COMPREsSIVE Sl[(ENGTH, ASTM C 579:  1,600 PSl/7 DAYS

MINIMUM LAP SPLICES FOR REINFORCED CMU (V,,'ITH PM ,. 1,500 PSI}:

BAR SOE
M.-4	#6	?	•1	#B

A. LAPsPUCES SHALL OCC?UR DIRECTLY ABOVE FOOTINGS ANDSI.ABS, B NO SPUCES AAE ALLOWED AT MID-HEIGHT Of WALL

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8 SL.lJMPS SHALL BE 4" MN MUM AND 6' MAXIMUM.
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CONCRETE SHALL HAVE 3 PEOCENT AIR ENTRAINMENT
ALL CONCRETE TO HAVE MINIMUM WATER/CEMENT RATIO Of O SS
E.. JOBSITE WATER SHALL NOT BE ADDED.
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.:i SUBMrT ALL REINFORCING STEEL SHOP DRAWINGS FOR APPOOVAL PRIOR TO ANY FABRICATION

S, CONCRETE COVER FOR RBNFORCING STEEL SHALL BE AS REQUIRED BY ACI SPECIFICATIONS

6  i(EQUIREMfNTS:
ALL REJNFORCNG STEEL SHAU. BE MANUFACTURED FROPl.-1 HIGH STAfNGTH
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Bll.1£T STEEL CONFORMING TO ASTM DESIGNATION A 61S GRADE 60_

LAP AU.BARSIMTH CLASSBTENSION lAPSPUa: UNI.ESs OTHERWISE NOTED ON ORAW.NGS LAP ALL WM- A MNIMLM Of 12INCHES (UNLESS OTHERW:SE NOTED)

8  RE!N?ING BARS
AT com,,iERS Of CONCRETE WAl.1.S, BEAMS ANO CONTINUOUS WALL FOOTINGS. PROVIDE (1-15 ORMATCHING) H?NTAL B,P,AS X 5'.(J' BENT BM! FOR EACH HOOO:ONTAL BAR SCHEDULED AT EACH FACE,
AU. HOOK5 SHOWN IN REINFORCEMENT SHALL BE ACI RECOMMENDED HOOKS UNLESS OTHEWJlSE NOTED,

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Section IX

Section B

Section 1

EDEN HILLS
COMMUNITY DEVELOPMENT DISTRICT
Stormwater Management Projection Report (Section 403.9302 F.S.)
JUNE 1, 2022		

	
ORIGINAL	

SUBMITTED BY	
SUBMITTED TO	
Dewberry Engineers Inc.	Eden Hills CDD	
800 North Magnolia Avenue	GMS – Jill Burns - District Manager	
Suite 1000	219 East Livingston Street	
Orlando, Florida 32803	Orlando, FL 32801	
407.843.5120		
	Polk County BOCC
E-Mail: tabithabiehl@polk-county.net	
Stormwater Management Projection Report

Table of Contents
Introduction	2
Detailed Description of the Stormwater System	2
Number of Current and Projected Residents	2
Stormwater Service Area	3
Current and Projected Costs of Providing Service	3
Estimated Remaining Useful Life	3
Recent 5-Year Funding Status	4
Plan to Fund Maintenance or Expansion	4
Report Submittal and Documentation	4
Engineer’s Certification	4
Table of Tables
Table 3.1 Population Projections	3
Table 5.1 Cost Projections	3
Table 6.1 Major Replacement Schedule	3
Table 7.1 Funding Sources	4
Introduction
This report has been prepared to meet the requirements of Section 403.9302 Florida Statutes – Stormwater management projections. The Eden Hills Community Development District (the “District” or “CDD”)does not provide wastewater services and thus is not required to submit a wastewater service projections report under 403.9301 F.S.

The CDD is located entirely within the City of Lake Alfred in Polk County, Florida. 403.9301(1) specifies independent special districts, including Eden Hills CDD, must provide a report to the County by June 30, 2022. The rule was enacted in 2021 and requires a report submittal every 5 years. This report has been prepared and submitted to satisfy the reporting requirements for 2022.

The District is located west of CR 557 on north and south side of Cass Road and Old Lake Alfred Road within the City of Lake Alfred, Florida (see also Exhibit 1). The CDD consists of a total of 396.65 acres and 1,165 residential units along with the associated stormwater infrastructure. The CDD is a planned residential community. The District is expected to consist of 1,65 single family lots, recreation/amenity areas, parks, and associated infrastructure. The land use for the development is Residential and Conservation and the zoning is Planned Unit Development Residential (PUD-R). The development will be developed in four (4) phases. Phase 1 has been completed and the stormwater system is in operation.
The remaining stormwater systems for the undeveloped phases have not commenced; however, they will be constructed within the next 5 years.

Detailed Description of the Stormwater System
The master stormwater management system provides for the water runoff treatment and attenuation of stormwater runoff that is carried out for Phase 1 and will be carried out for the remaining phases through man-made dry retention ponds as its collected in pipes, curbs, and surfaces to convey this runoff. These systems discharge to the dry retention ponds within the development. There are no known natural surface waters within the Development. The design criteria for the District’s stormwater treatment systems are regulated by the City, County, and the South West Florida Water Management District (SWFWMD).

Stormwater management facilities consisting of storm conveyance systems and retention ponds are contained within the District boundaries (see Exhibit 2). Stormwater is discharged via roadway curb and gutter and storm inlets. Storm culverts convey the runoff into the proposed dry retention ponds for water quality treatment and attenuation. The stormwater systems will utilize dry retention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District’s stormwater treatment systems are regulated by the county and the South West Florida water management district.

The system is designed to provide drainage and flood abatement such as flooding events associated with rainfall and hurricanes, for water quality improvements, and to reduce vulnerability to adverse impacts from flooding related to increases in frequency and duration of rainfall events. The system falls within the Federal Emergency Management Agency Flood Insurance Rate Map (FEMA)FIRM Panel No.
12105C0355G, dated December 22, 2016, and is located within Flood Zones A, AE, and X. The 100-year flood volumes are compensated as it is required by the County, SWFWMD, and FEMA.

Specifically, the system includes numerous dry retention ponds and interconnected throughout the development (see Exhibit 3).

The stormwater operation and maintenance program includes, but is not limited to:
routing mowing of turf associated with stormwater ponds, swales, canal/lake banks;
debris and trash removal from pond skimmers, inlet grates, ditches, etc.;
routine ditch cleaning;
sediment removal from the stormwater system (i.e. by use of vacuum trucks);
public outreach and education. and
other best management practices.
Number of Current and Projected Residents
The number of current and projected residents are required to be calculated in 5-year increments for a 20-year period. Unlike a city or county service area, the jurisdiction of the CDD is very limited and cannot be expanded or contracted without a public hearing and approvals from the local municipality.

Additionally, the supplemental rule instructions provided by the Office of Economic and Demographic Research (“EDR”) states when an independent special district completely falls within a county or a municipality, EDR will calculate the appropriate population estimates. Eden Hills CDD falls within the City of Lake Alfred, Polk County, Florida.

Table 3.1 Population Projections
POPULATION PROJECTIONS IN 5-YEAR INCREMENTS					
6/2022	6/2027	6/2032	6/2037	6/2042	
To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	

Stormwater Service Area
The Eden Hills CDD service area consists of the District lands as shown in Exhibit 2 and included in the service area map (Exhibit 3) and legal description (Exhibit 4). The project is currently being developed with eleven (11) wet detention ponds completed for various phases. Additional ponds for the future phases will be constructed within the upcoming years as per the master development plan.

Current and Projected Costs of Providing Service
Table 5.1 provides for a 20-year period, calculated in 5-year increments, with an estimated increase of 10% every 5 years.

.Table 5.1 Cost Projections
CURRENT AND PROJECTS COSTS OF PROVIDING SERVICE BASED ON FISCAL YEAR					
2022	2027	2032	2037	2042	
$125,500	$138,050	$151,855	$167,041	$187,745	

Estimated Remaining Useful Life
The estimated remaining useful life of the stormwater system and facilities is 25-years including the irrigation system connected to the stormwater system. The system is monitored on an annual basis and replacement as well as repairs are provided as needed to the components of the system. The replacement of the inlets, control outfall structures but should not be a major expense to the District within the next 20-years. No major replacements, which include culverts and pipe networks, control structures, etc., are expected within the next 20 years. All open stormwater storage and conveyance systems are maintained and have an unlimited service life. Stormwater systems for the future phases of the development will be constructed over the next five (5) to ten (10) years and shall be maintained the same as the current system.

.Table 6.1 Major Replacement Schedule
MAJOR REPLACEMENT SCHEDULE WITH FUNDING						
PROJECT	CURRENT (2022)	2023-2027	2028-2032	2033-2037	2038-2042	
Project name	N/A	N/A	N/A	N/A	N/A	
Recent 5-Year Funding Status
The District has continually provided for all expenditures within the District over the last 5-year history of annual contributions. All funding is obtained through the property tax authority of the District through annual assessments to each unit within the District. The District’s current reserve fund is approximately
$2,500, which is sufficient for future capital needs for maintenance or expansion of facilities or major components.

.Table 7.1 Funding Sources
5-YEAR FUNDING SOURCES					
YEAR	ANTICIPATED EXPENDITURES*	BUDGET FUNDS AVAILABLE	RESERVES FUND BALANCE	OTHER	
2022	$125,500	CDD Property Assessments	$2,500	N/A	
2023	$128,010	CDD Property Assessments	TBD Annually	N/A	
2024	$130,570	CDD Property Assessments	TBD Annually	N/A	
2025	$133,181	CDD Property Assessments	TBD Annually	N/A	
2026	$135,845	CDD Property Assessments	TBD Annually	N/A	
*Increase of 2% per year					

Plan to Fund Maintenance or Expansion
Due to the CDD’s funding mechanisms, there are no anticipated funding gaps or unfunded projects. The proposed construction of the future phases will be through additio0nal bond proceeds of developer funding agreements to the District. The future infrastructure stormwater system to be constructed will be owned by the CDD.

Report Submittal and Documentation
As required by rule, this report is being submitted to Polk County. The County is required to compile all reports for their county and submit a consolidated report to the State by July 31, 2022. The attached exhibits include supporting data and illustrations. When used, calculation methodologies have been described in the above narratives.

Engineer’s Certification
I hereby certify that the foregoing is a true and correct copy of the report for Eden Hills Community Development District.

Reinardo Malavè, P.E. Florida License No. 31588 Dewberry Engineers Inc.

Lake
Mattie	Gum Lake

Grassy Lake

Lake Mattie Rd

■)557
Creek Rd

Lake Van

£¤17

Lake Alfred

EDEN HILLS AERIAL LOCATION MAP

Exhibit 1

Legend

Lake Haines

µ0

1,000

2,000
Feet
DISTRICT BOUNDARY
1 inch = 2,000 feet
Lake Camp
■)557

Grassy Lake

Cass Rd

Lake Griffin

STORMWATER MANAGEMENT FACILITIES

Exhibit 2

Lake Eva

DISTRICT BOUNDARY	µ
Creek Rd

Feet
Lake Camp
■)557

Grassy Lake

Cass Rd

Lake Griffin

SERVICE AREA MAP

Exhibit 3

Lake Eva

DISTRICT BOUNDARY	µ
Creek Rd

Feet

EDEN HILLS LEGAL DESCRIPTION
Exhibit 4

EDEN HILLS LEGAL DESCRIPTION
Exhibit 4

EDEN HILLS LEGAL DESCRIPTION
Exhibit 4

EDEN HILLS LEGAL DESCRIPTION
Exhibit 4

EDEN HILLS LEGAL DESCRIPTION
Exhibit 4

EDEN HILLS LEGAL DESCRIPTION
Exhibit 4

Section C

Monitoring sod gaps and old silt fence.

Monitoring site progression.
Some tracts may be ready for temporary maintenance.
In conversation to get a map for phase 2 tracts when they are ready to be added to maintenance contract.

Section D

Section 1
Eden Hills
Community Development District
Summary of Checks

April 7, 2022 to June 30, 2022

Bank	Date	Check No.'s		Amount		

General Fund	4/13/22	
164-165	
$		
5,676.78	
4/20/22	166	$		1,252.13	
4/26/22	167-168	$		3,475.35	
5/3/22	169	$		1,912.00	
5/12/22	170	$		3,759.15	
5/24/22	171-174	$		1,615.50	
6/1/22	175	$		255.00	
6/16/22	176-177	$		5,230.00	
6/24/22	178	$		255.00	

$	23,430.91

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/01/22	PAGE	1
*** CHECK DATES 04/07/2022 - 06/30/2022 ***	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	#
4/13/22 00031	4/01/22 12029	202204 320-53800-46200	*	1,912.00
LANDSCAPE MAINT - APR 22
FLORALAWN	1,912.00 000164
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
38	202204 310-51300-34000	*	3,004.17
MANAGEMENT FEES - APR 22
38	202204 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-APR 22
38	202204 310-51300-35100	*	150.00
INFORMATION TECH - APR 22
38	202204 310-51300-31300	*	500.00
DISSEMINATION SVCS-APR 22
38	202204 310-51300-51000	*	.48
OFFICE SUPPLIES 38
POSTAGE 38
COPIES
GOVERNMENTAL MANAGEMENT SERVICES	3,764.78 000165
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/20/22 00030	4/20/22 04202022 202204 300-20700-10000	*	1,252.13
FY22 DS ASSESSMENT TSFR
EDEN HILLS CDD C/O USBANK	1,252.13 000166
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/26/22 00029	4/15/22 2105274	202203 310-51300-31100	*	535.38
ENGINEEER SERVICES MAR 22
DEWBERRY ENGINEERS INC.	535.38 000167
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/26/22 00023	4/12/22 1938	202203 310-51300-31500	*	2,939.97
GENERAL COUNSEL - MAR 22
KE LAW GROUP, PLLC	2,939.97 000168
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/03/22 00031	5/01/22 12769	202205 320-53800-46200	*	1,912.00
LANDSCAPE MAINT - MAY 22
FLORALAWN	1,912.00 000169
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
39	202205 310-51300-34000	*	3,004.17
MANAGEMENT FEES - MAY 22
39	202205 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-MAY 22
39	202205 310-51300-35100	*	150.00
INFORMATION TECH - MAY 22
39	202205 310-51300-31300	*	500.00
DISSEMINATION SVCS-MAY 22
39	202205 310-51300-51000	*	2.65
OFFICE SUPPLIES
EDEN EDEN HILLS	ZYAN
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/01/22	PAGE	2
*** CHECK DATES 04/07/2022 - 06/30/2022 ***	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	#
5/01/22 39	202205 310-51300-42000	*	2.33
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES	3,759.15 000170
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/22 00028	5/11/22 JK051120 202205 310-51300-11000	*	200.00
SUPERVISOR FEE 05/11/22
JESSICA KOWALSKI	200.00 000171
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/22 00016	5/11/22 JF051120 202205 310-51300-11000	*	200.00
SUPERVISOR FEE 05/11/22
JUSTIN FRYE	200.00 000172
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/22 00023	5/17/22 2347	202204 310-51300-31500	*	1,015.50
GENERAL COUNSEL - APR 22
KE LAW GROUP, PLLC	1,015.50 000173
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/24/22 00005	5/11/22 MC051120 202205 310-51300-11000	*	200.00
SUPERVISOR FEE 05/11/22
MATTHEW CASSIDY	200.00 000174
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/01/22 00029	5/23/22 2119654	202204 310-51300-31100	*	255.00
ENGINEEER SERVICES APR 22
DEWBERRY ENGINEERS INC.	255.00 000175
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
40	202206 310-51300-34000	*	3,004.17
MANAGEMENT FEES - JUN 22
40	202206 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-JUN 22
40	202206 310-51300-35100	*	150.00
INFORMATION TECH - JUN 22
40	202206 310-51300-31300	*	500.00
DISSEMINATION SVCS-JUN 22
40	202206 310-51300-51000	*	2.83
OFFICE SUPPLIES
40	202206 310-51300-42000	*	6.04
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES	3,763.04 000176
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/16/22 00023	6/08/22 2723	202205 310-51300-31500	*	1,466.96
GEN.COUNSEL/MTHLY MEETING
KE LAW GROUP, PLLC	1,466.96 000177
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/22 00029	6/15/22 2133645	202205 310-51300-31100	*	255.00
ENGINEER SERVICES-MAY 22
DEWBERRY ENGINEERS INC.	255.00 000178
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	23,430.91
EDEN EDEN HILLS	ZYAN
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/01/22	PAGE	3
*** CHECK DATES 04/07/2022 - 06/30/2022 ***	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	#

TOTAL FOR REGISTER	23,430.91

EDEN EDEN HILLS	ZYAN

Section 2

Eden Hills
Community Development District

Unaudited Financial Reporting
June 30, 2022

Table of Contents

1

2-3

4

5

6

7

8-9

10
Balance Sheet General Fund
Debt Service Fund Series 2020 Debt Service Fund Series 2022 Capital Projects Fund Series 2020 Capital Projects Fund Series 2022
Month to Month

Long Term Debt Report

11	Assessment Receipt Schedule

Combined Balance Sheet June 30, 2022

	General Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds				
Assets:
Cash:
Operating Account	

$	28,240	

$	

-	$	-	

$	28,240				
Capital Projects Account	$	-	$	-	$	861	$	861				
Investments: Series 2020
Reserve	

$	-	$	86,038	$	-	$	86,038							
Revenue
Series 2022 Reserve	$	-	$	25,469	$	-	$	25,469

$	-	$	604,294	$	-	$	604,294							
Revenue	$	-	$	7	$	-	$	7							
Interest	$	-	$	263,518	$	-	$	263,518							
Construction	$	-	$	-	$	4,252,010	$	4,252,010							
Escrow 2B	$	-	$	-	$	1,330,365	$	1,330,365							
Cost of Issuance	$	-	$	-	$	7,115	$	7,115							
Prepaid Expenses	$	673	$	-	$	-	$	673							
Total Assets	$	28,913	$	979,325	$	5,590,351	$	6,598,590	
Liabilities:
Accounts Payable	$	3,145	

$	-	$	-	

$	3,145						
Contracts Payable	$	-	$	-	$	160	$	160						
Total Liabilites	$	3,145	$	-	$	160	$	3,305						
Fund Balance:
Nonspendable:
Prepaid Items	$	673	

$	-	$	-	

$	673						
Restricted for:
Debt Service - Series 2020	
$	
-	$	111,507	$	-	
$	111,507					
Debt Service - Series 2022	$	-	$	867,819	$	-	$	867,819					
Capital Projects - Series 2020	$	-	$	-	$	701	$	701					
Capital Projects - Series 2022	$	-	$	-	$	5,589,490	$	5,589,490					
Unassigned	$	25,095	$	-	$	-	$	25,095				
Total Fund Balances	$	25,769	$	979,325	$	5,590,191	$	6,595,285				
								
Total Liabilities & Fund Balance	$	28,913	$	979,325	$	5,590,351	$	6,598,590				

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/22	Thru 06/30/22	Variance	

Revenues:					
Assessments - Tax Roll	$	106,500	$	106,500	$	84,621	$	(21,879)	
Developer Contributions	$	217,767	$	-	$	-	$	-			
Boundary Amendment Contributions	$	-	$	-	$	1,108	$	1,108			
Total Revenues	$	324,267	$	106,500	$	85,730	$	(20,770)	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	9,000	$	1,800	$	7,200	
Engineering	$	20,000	$	15,000	$	1,810	$	13,190	
Attorney	$	30,000	$	22,500	$	10,496	$	12,004	
Annual Audit	$	7,250	$	7,250	$	2,875	$	4,375	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	900	$	-	$	-	$	-	
Dissemination	$	6,000	$	4,500	$	4,000	$	500	
Trustee Fees	$	7,100	$	3,367	$	3,367	$	-	
Management Fees	$	36,050	$	27,038	$	27,038	$	(0)	
Information Technology	$	1,800	$	1,350	$	1,350	$	-	
Website Technology	$	1,200	$	900	$	900	$	-	
Telephone	$	250	$	188	$	-	$	188	
Postage & Delivery	$	850	$	638	$	146	$	492	
Insurance	$	5,500	$	5,175	$	5,175	$	-	
Printing & Binding	$	1,000	$	750	$	13	$	737	
Legal Advertising	$	10,000	$	7,500	$	2,988	$	4,512	
Other Current Charges	$	2,800	$	2,100	$	337	$	1,763	
Boundary Amendment Expenses	$	-	$	-	$	1,108	$	(1,108)	
Office Supplies	$	500	$	375	$	12	$	363	
Travel Per Diem	$	550	$	413	$	-	$	413	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	148,925	$	113,217	$	68,590	$	44,627	

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/22	Thru 06/30/22	Variance	

Operations & Maintenance					
Field Expenditures
Property Insurance	
$	12,000	
$	12,000	
$	521	
$	11,479	
Field Management	$	15,000	$	11,250	$	-	$	11,250	
Landscape Maintenance	$	40,500	$	30,375	$	8,924	$	21,451	
Landscape Replacement	$	7,500	$	5,625	$	-	$	5,625	
Streetlights	$	8,000	$	6,000	$	9,066	$	(3,066)	
Electric	$	20,000	$	15,000	$	1,731	$	13,269	
Water & Sewer	$	12,000	$	9,000	$	-	$	9,000	
Sidewalk & Asphalt Maintenance	$	500	$	375	$	-	$	375	
Irrigation Repairs	$	2,500	$	1,875	$	-	$	1,875	
General Repairs & Maintenance	$	5,000	$	3,750	$	-	$	3,750	
Contingency	$	2,500	$	1,875	$	-	$	1,875	
Subtotal Field Expenditures	$	125,500	$	97,125	$	20,241	$	76,884	

Amenity Expenditures
Amenity - Electric	

$	6,000	

$	-	

$	-	

$	-	
Amenity - Water	$	1,458	$	-	$	-	$	-	
Playground Lease	$	16,750	$	-	$	-	$	-	
Internet	$	1,250	$	-	$	-	$	-	
Pest Control	$	300	$	-	$	-	$	-	
Janitorial Service	$	2,000	$	-	$	-	$	-	
Security Services	$	3,125	$	-	$	-	$	-	
Pool Maintenance	$	4,792	$	-	$	-	$	-	
Amenity Repairs & Maintenance	$	2,083	$	-	$	-	$	-	
Contingency	$	2,083	$	-	$	-	$	-	
Subtotal Amenity Expenditures	$	39,842	$	-	$	-	$	-	
					
Total Operations & Maintenance	$	165,342	$	97,125	$	20,241	$	76,884	
					
Total Expenditures	$	314,267	$	210,342	$	88,831	$	121,511	
					
Excess (Deficiency) of Revenues over Expenditures	$	10,000		$	(3,101)		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	(10,000)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(10,000)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-		$	(3,101)		
					
Fund Balance - Beginning	$	-		$	28,870		
					
Fund Balance - Ending	$	-		$	25,769		

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/22	Thru 06/30/22	Variance	

Revenues:					
Assessments - Tax Roll	$	172,075	$	172,075	$	136,817	$	(35,258)	
Interest	$	-	$	-	$	5	$	5	
Total Revenues	$	172,075	$	172,075	$	136,822	$	(35,253)	

Expenditures:					
Interest - 11/1	$	57,263	$	57,263	$	57,263	$	-	
Principal - 5/1	$	55,000	$	55,000	$	55,000	$	-	
Interest - 5/1	$	57,263	$	57,263	$	57,263	$	-	
Total Expenditures	$	169,525	$	169,525	$	169,525	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,550		$	(32,703)		
					
Fund Balance - Beginning	$	58,169		$	144,209		
					
Fund Balance - Ending	$	60,719		$	111,507		

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/22	Thru 06/30/22	Variance	

Revenues:					
Interest	$	-	$	-	$	7	$	7	
Total Revenues	$	-	$	-	$	7	$	7	

Expenditures:					
Interest - 11/1	$	-	$	-	$	-	$	-	
Principal - 5/1	$	-	$	-	$	-	$	-	
Interest - 5/1	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	7		

Other Financing Sources/(Uses):					
Bond Proceeds	$	-	$	-	$	867,811	$	867,811	
Total Other Financing Sources/(Uses)	$	-	$	-	$	867,811	$	867,811	
					
Net Change in Fund Balance	$	-	$	867,819		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	867,819		

Revenues					
Developer Contributions	$	-	$	-	$	16,383	$	16,383	
Interest	$	-	$	-	$	0	$	0	
Total Revenues	$	-	$	-	$	16,383	$	16,383	

Expenditures:					
Capital Outlay	$	-	$	-	$	(684,637)	$	684,637	
Miscellaneous Expense	$	-	$	-	$	101	$	(101)	
Developer Reimbursement	$	-	$	-	$	572,660	$	(572,660)	
Total Expenditures	$	-	$	-	$	(111,876)	$	111,876	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	128,259		
					
Fund Balance - Beginning	$	-	$	(127,558)		
					
Fund Balance - Ending	$	-	$	701		

Revenues					
Interest	$	-	$	-	$	59	$	59	
Total Revenues	$	-	$	-	$	59	$	59	

Expenditures:					
Capital Outlay	$	-	$	-	$	3,609,097	$	(3,609,097)	
Capital Outlay - Cost of Issuance	$	-	$	-	$	398,660	$	(398,660)	
Total Expenditures	$	-	$	-	$	4,007,757	$	(3,609,097)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(4,007,699)		

Other Financing Sources/(Uses)					
Bond Proceeds	$	-	$	-	$	9,597,189	$	9,597,189	
Total Other Financing Sources (Uses)	$	-	$	-	$	9,597,189	$	9,597,189	
					
Net Change in Fund Balance	$	-	$	5,589,490		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	5,589,490		

Revenues:

Assessments - Tax Roll

$	-	$

-	$	-	$

10,251  $

73,595  $

775  $

-	$	-	$	-	$

-	$	-	$

-	$	84,621

Developer Contributions	$	-	$	-	$	-	$		-	$	-	$	- Boundary Amendment Contributions	$	-	$	-	$	-	$	1,108  $	-	$	-	$	-
$	-	$	-
$	-	$	-
$	-	$	-
$	-	$	-
$	-	$	-
$	-	$	-
$	1,108				
Total Revenues	$	-	$	-	$	-	$	11,360  $	73,595  $	775	$	-	$	-	$	-	$	-	$	-	$	-	$	85,730				

Expenditures:											
General & Administrative:											
Supervisor Fees	$	-	$	-	$	-	$	600	$	-	$	600	$	-	$	600	$	-	$	-  $	-  $	-  $	1,800	
Engineering	$	-	$	-	$	-	$	765	$	-	$	535	$	255	$	255	$	-	$	-  $	-  $	-  $	1,810	
Attorney	$	529	$	923	$	465	$	2,487	$	401	$	2,940	$	1,016	$	1,467	$	270	$	-  $	-  $	-  $	10,496	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,875	$	-  $	-  $	-  $	2,875	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Dissemination	$	417	$	417	$	417	$	417	$	417	$	417	$	500	$	500	$	500	$	-  $	-  $	-  $	4,000	
Trustee Fees	$	-	$	-	$	3,367	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	3,367	
Management Fees	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	-  $	-  $	-  $	27,038	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	1,350	
Website Technology	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	900	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Postage & Delivery	$	64	$	-	$	4	$	11	$	21	$	28	$	8	$	2	$	6	$	-  $	-  $	-  $	146	
Insurance	$	5,175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,175	
Printing & Binding	$	1	$	-	$	3	$	-	$	7	$	-	$	2	$	-	$	-	$	-  $	-  $	-  $	13	
Legal Advertising	$	1,332	$	-	$	-	$	1,656	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	2,988	
Other Current Charges	$	30	$	35	$	43	$	38	$	43	$	30	$	39	$	38	$	38	$	-  $	-  $	-  $	337	
Boundary Amendment Expenses	$	-	$	-	$	-	$	1,108	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	1,108	
Office Supplies	$	3	$	-	$	0	$	0	$	3	$	1	$	0	$	3	$	3	$	-  $	-  $	-  $	12	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	175	
Total General & Administrative	$	15,979	$	4,629	$	7,554	$	10,337	$	4,146	$	7,805	$	5,074	$	6,120	$	6,946	$	-  $	-  $	-  $	68,590	

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance Landscape Replacement Streetlights
Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Contingency

$	-  $
$	-  $
$	850  $
$	-  $
$	-  $
$	364  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $

-  $
-  $
850  $
-  $
943  $
23  $
-  $
-  $
-  $
-  $
-  $

-  $
-  $
850  $
-  $
-  $
-  $
-  $
-  $
-  $
-  $
-  $

-  $
-  $
850  $
-  $
2,041  $
52  $
-  $
-  $
-  $
-  $
-  $

521  $
-  $
-  $
-  $
1,214  $
36  $
-  $
-  $
-  $
-  $
-  $

-  $
-  $
1,700  $
-  $
1,214  $
654  $
-  $
-  $
-  $
-  $
-  $

-  $
-  $
1,912  $
-  $
1,214  $
41  $
-  $
-  $
-  $
-  $
-  $

-  $
-  $
1,912  $
-  $
1,219  $
242  $
-  $
-  $
-  $
-  $
-  $

-  $
-  $
-  $
-  $
1,219  $
319  $
-  $
-  $
-  $
-  $
-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	521
-  $	-
-  $	8,924
-  $	-
-  $	9,066
-  $	1,731
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-

Amenity Expenditures Amenity - Electric Amenity - Water Playground Lease Internet
Pest Control Janitorial Service Security Services Pool Maintenance
Amenity Repairs & Maintenance Contingency

$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
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-  $	-  $	-  $	-
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Other Financing Sources/Uses:

Transfer In/(Out)

$	-  $

-  $	-  $	-  $

-  $	-  $	-  $

-  $	-  $

-  $	-  $	-  $	-

Eden Hills
Community Development District Long Term Debt Report

Series 2020, Special Assessment Revenue Bonds		
Interest Rate:	2.750%, 3.300%, 3.850%, 4.125%	
Maturity Date:	5/1/2051	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$86,038	
Reserve Fund Balance	$86,038	
Bonds Outstanding - 11/24/20	$2,950,000	
Less: Principal Payment - 5/1	($55,000)	
Current Bonds Outstanding	$2,895,000	

Series 2022, Special Assessment Revenue Bonds		
Interest Rate:	3.250%, 3.625%, 4.000%, 4.125%	
Maturity Date:	5/1/2052	
Reserve Fund Definition	Maximum Annual Debt Service	
Reserve Fund Requirement	$604,294	
Reserve Fund Balance	$604,294	
Bonds Outstanding - 03/11/22	$10,465,000	
Current Bonds Outstanding	$10,465,000	
Eden Hills
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2022

	Gross Assessments	$	114,515.90	$	185,133.92	$	299,649.82	
	Net Assessments	$	106,499.79	$	172,174.55	$	278,674.33	
ON ROLL ASSESSMENTS		
38.22%	
61.78%	
100.00%	

Date	
Distribution	
Gross Amount	
(Discount)/Penalty	
Commission	
Interest	
Net Receipts	
O&M Portion	Series 2020 Debt Service	
Total	

1/18/22	
ACH	
$31,653.15	
($1,223.67)	
($608.59)	
$0.00	
$29,820.89	
$11,396.52	
$18,424.37	
$29,820.89	
1/31/22	1% Fee	($2,983.46)	$0.00	$0.00	$0.00	($2,983.46)	($1,145.16)	($1,838.30)	($2,983.46)	
2/18/22	ACH	$204,690.37	($8,185.83)	($3,930.09)	$0.00	$192,574.45	$73,595.36	$118,979.09	$192,574.45	
3/16/22	ACH	$2,110.21	($42.21)	($41.36)	$0.00	$2,026.64	$774.51	$1,252.13	$2,026.64	
	TOTAL	$	235,470.27	$	(9,451.71)	$	(4,580.04)  $	-	$	221,438.52	$	84,621.23	$	136,817.29	$	221,438.52	

Section 3

SECTION (a)
Requisition	Payee/Vendor	Amount	
19	Horner Environmental Professionals	$	450.00	
20	City of Lake Alfred	$	6,696.89	
21	KE Law Group	$	1,205.00	
22	JMBI Development, LLC	$	3,750.00	
23	Mack Industries	$	166,684.00	
24	Stacy's Printing	$	5.85	
25	Tucker Paving, Inc.	$	626,297.09	
26	KE Law Group	$	57.00	
27	JMBI Development, LLC	$	3,750.00	
28	Wood & Associates Engineering, LLC	$	7,570.00	
29	JMBI Development, LLC	$	3,750.00	
30	Tucker Paving, Inc.	$	1,236,121.71	
31	Horner Environmental Professionals	$	1,942.00	
32	Tampa Electric Company	$	513,491.06	
33	JMBI Development, LLC	$	3,750.00	
34	Tucker Paving, Inc.	$	534,942.62	
35	Mack Concrete	$	13,145.00	
36	City of Lake Alfred	$	4,729.66	
37	JMBI Development, LLC	$	7,500.00	
	TOTAL	$	3,135,837.88	

SECTION (b)
Requisit
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2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17