SAIL HARBOUR COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
OCTOBER 13, 2025
6:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.sailharbourcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT
Cypress Living
16451 HealthPark Commons Drive Fort Myers, Florida 33908 REGULAR BOARD MEETING
October 13, 2025
6:00 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
August 11, 2025 Regular Board Meeting & Public Hearing…	Page 2
Old Business
New Business
Consider Resolution No. 2025-05 – Adopting a Fiscal Year 2024/2025 Amended Budget…	Page 5
Consider Resolution No. 2025-06 – Goals and Objectives Annual Report…	Page 10
Administrative Matters
Engineer’s Report
Manager’s Report
Financials…	Page 13
Board Member Comments
Adjourn

Publication Date 2025-10-03

Subcategory Miscellaneous Notices

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Sail Harbour Community Development District will hold Regular Meetings at Cypress Living located at 16451 HealthPark Commons Drive, Fort Myers, Florida 33908 at 6:00 p.m. on the following dates:
October 13, 2025
January 12, 2026
March 9, 2026
April 13, 2026
June 8, 2026
August 10, 2026
The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meetings may be obtained from the Districts website or by contacting the District Manager at (561) 630-4922 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.
From time to time one or more Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. Meetings may be continued as found necessary to a time and place specified on the record.
If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time without advertised notice. SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT
www.sailharbourcdd.org 11697153 Oct 3, 2025

Page 1

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING AUGUST 11, 2025

CALL TO ORDER

The August 11, 2025, Regular Board Meeting of the Sail Harbour Community Development District (the “District”) was called to order at 6:00 p.m. at the Hilton Garden Inn located at 12600 University Drive, Fort Myers, Florida 33907.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Fort Myers News-Press on September 30, 2024, as part of the District’s Fiscal Year 2024/2025 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was noted that a quorum was established by the presence of:

Chairperson	Susan Balaun	Present	
Vice Chairperson	Patricia Myers (who arrived at 6:05 p.m.)	Present	
Supervisor	Joel Frank	Present	
Supervisor	Kathy Jones	Present	
Supervisor	Irene Imbasciani	Present	

Staff members in attendance were:

District Manager	Kathleen Meneely	Special District Services	
District Counsel	Ginger Wald (via phone)	Billing,	Cochran,	Lyles, Mauro & Ramsey, P.A.	
District Engineer	Mark Zordan	Johnson Engineering, Inc.	

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
April 14, 2025, Regular Board Meeting

A motion was made by Ms. Jones, seconded by Ms. Imbasciani and passed unanimously approving the minutes of the April 14, 2025, Regular Board Meeting, as presented.

Page 1 of 3

Ms. Meneely then recessed the Regular Board Meeting and opened the Public Hearing.

PUBLIC HEARING
Proof of Publication

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Fort Myers News-Press on July 22, 2025, and July 29, 2025, as legally required.

Receive Public Comment on Fiscal Year 2025/2026 Final Budget There was no public comment on the Fiscal Year 2026/2026 Final Budget. Board Member Patricia Myers arrived at approximately 6:05 p.m.
Consider Resolution No. 2025-03 – Adopting a Fiscal Year 2025/2026 Final Budget

Resolution No. 2023-03 was presented, entitled:

RESOLUTION NO. 2025-03

A RESOLUTION OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2025/2026 BUDGET.
A motion was made by Ms. Jones, seconded by Ms. Imbasciani and passed unanimously adopting Resolution No. 2025-03, as presented.
Ms. Meneely then closed the Public Hearing and reconvened the Regular Board Meeting.

OLD BUSINESS

There were no Old Business items to come before the Board.
NEW BUSINESS
Consider Resolution No. 2025-04 – Adopting a Fiscal Year 2025/2026 Meeting Schedule
Resolution No. 2025-04 was presented, entitled:
RESOLUTION NO. 2025-04
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2025/2026 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

Ms. Meneely explained that the District needed to pay the Hilton Garden Inn at the beginning of the year for its anticipated meeting dates. The Board chose the following meeting dates: October 13, 2025, Jan 12, 2026, March 9, 2026, April 13, 2026, June 8, 2026, and August 10, 2026. Ms.
Page 2 of 3

Imbasciani advised that their HOA had been meeting at the Cypress Cove Living Headquarters and there was no charge. Discussion ensued about possibly changing meeting locations if the Cypress Cove Living Headquarters is available for CDD meetings.

A motion was made by Mr. Frank, seconded by Ms. Myers and passed unanimously adopting Resolution No. 2025-04, and possibly changing meeting locations, if necessary.

ADMINISTRATIVE MATTERS
Engineer’s Report
Pipe Cleaning Project Summary Report
Mr. Zordan summarized the project and costs, including the change order items. He stated that the pipes were far worse than anticipated and recommending a five-year rotation of geographic areas for videotaping. He added that when there was 25% of accumulated silt he recommends moving forward with cleaning, noting that the recommended schedule would result in ongoing maintenance. There was a consensus of the Board to follow the engineer recommended maintenance schedule.

Mr. Zordan advised that he was putting together the annual Stormwater Certification for the bond holders.

Manager’s Report

Ms. Meneely went over the financials. The Board Members had no questions at this time. Ms. Meneely advised that the next meeting was scheduled for October 13, 2025.
BOARD MEMBER COMMENTS

Ms. Imbasciani indicated she would check on the new meeting location and get back to the District Manager.

There was discussion about the required ethics training. Ms. Wald noted that she would resend the links for the ethics training and advised that the training needed to be completed before December 31st.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Jones, seconded by Ms. Imbasciani and passed unanimously adjourning the Regular Board Meeting at 6:20 p.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 3 of 3

RESOLUTION NO. 2025-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2024/2025 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Sail Harbour Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Amended Budget for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is hereby approved and adopted.
Section 2.  The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 13th day of October, 2025.

ATTEST:	SAIL HARBOUR
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Sail Harbour Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25	AMENDED FINAL BUDGET
10/1/24 - 9/30/25	YEAR TO DATE ACTUAL
10/1/24 - 9/29/25	
O & M Assessments	68,782	69,077	69,077	
Debt Assessments	509,434	509,435	509,435	
Other Revenues	0	0	0	
Interest Income	960	3,900	3,749	
				
TOTAL REVENUES	$	579,176	$	582,412	$	582,261	
				
EXPENDITURES				
Supervisor Fees	7,000	1,800	1,800	
Payroll Taxes (Employer)	560	219	219	
Engineering/Inspections	6,500	10,500	8,488	
Pipe Maintenance/Replacement	20,000	72,000	69,623	
Stormwater Videotaping	2,000	0	0	
Management	24,000	24,000	24,000	
Legal	5,500	5,500	4,438	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,500	3,500	3,500	
Arbitrage Rebate Fee	500	500	500	
Travel	500	125	90	
Insurance	6,600	6,379	6,379	
Legal Advertisements	1,400	1,400	658	
Miscellaneous	1,350	500	290	
Postage	350	140	128	
Office Supplies	450	345	295	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,400	4,337	4,337	
Website Management	1,500	1,500	1,500	
TOTAL EXPENDITURES	$	91,285	$	137,920	$	131,420	
				
REVENUES LESS EXPENDITURES	$	487,891	$	444,492	$	450,841	
				
Bond Payments	(478,868)	(489,784)	(489,784)	
				
BALANCE	$	9,023	$	(45,292)	$	(38,943)	
				
County Appraiser & Tax Collector Fee	(11,564)	(1,343)	(1,343)	
Discounts For Early Payments	(23,129)	(20,962)	(20,962)	
				
EXCESS/ (SHORTFALL)	$	(25,670)	$	(67,597)	$	(61,248)	
				
Carryover From Prior Year	25,670	25,670	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(41,927)	$	(61,248)	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$166,117	
($67,597)	
$98,520	

.
Notes
Carryover From Prior Year Of $25,670 Was Used To Reduce Fiscal Year 2024/2025 Assessments.
$54,050 Of Fund Balance To Be Used To Reduce 2025/2026 Assessments.

AMENDED FINAL BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25	AMENDED FINAL BUDGET
10/1/24 - 9/30/25	YEAR TO DATE ACTUAL
10/1/24 - 9/29/25	
Interest Income	100	20,000	19,814	
NAV Tax Collection	478,868	489,784	489,784	
Total Revenues	$	478,968	$	509,784	$	509,598	
				
EXPENDITURES				
Principal Payments	315,000	325,000	325,000	
Interest Payments	163,662	157,498	157,498	
Bond Redemption	306	0	0	
Total Expenditures	$	478,968	$	482,498	$	482,498	
				
Excess/ (Shortfall)	$	-	$	27,286	$	27,101	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$462,636	
$27,286	
$489,922	

Notes
Reserve Fund Balance = $191,752*. Revenue Fund Balance = $298,170*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $73,416.
* Approximate Amounts

Series 2015 Bond Refunding Information		
Original Par Amount =	$6,775,000	Annual Principal Payments Due:	
Interest Rate =	3.60%	May 1st	
Issue Date =	February 2015	Annual Interest Payments Due:	
Maturity Date =	May 2036	May 1st & November 1st	
Par Amount As Of 9/30/25 =	$3,990,000		

II

RESOLUTION NO. 2025-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN ANNUAL REPORT OF GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Sail Harbour Community Development District (the “District”) is a local unit of special-purpose government organized and existing under and pursuant to Chapters 189 and 190, Florida Statutes, as amended; and

WHEREAS, effective July 1, 2024, the Florida Legislature adopted House Bill 7013, codified as Chapter 2024-136, Laws of Florida, and creating Section 189.0694, Florida Statutes; and

WHEREAS, the District adopted Resolution 2024-04 on August 12, 2024, establishing goals and objectives for the District and creating performance measures and standards to evaluate the District’s achievement of those goals and objectives; and

WHEREAS, pursuant to Section 189.0694, Florida Statutes, the District must adopt and publish on its website an annual report prior to December 1st of each year, describing the goals and objectives achieved by the district, as well as the performance measures and standards used by the district to make this determination, and any goals or objectives the district failed to achieve.
WHEREAS, the District Manager has the annual report of the District’s goals, objectives, and performance measures and standards attached hereto and made a part hereof as Exhibit A (the “Annual Report”) and presented the Annual Report to the Board of the District; and

WHEREAS, the District’s Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution the attached annual report of the goals, objectives and performance measures and standards.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT, THAT:
SECTION 1. The recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.

SECTION 2. The District Board of Supervisors hereby adopts the Annual Report regarding the District’s success or failure in achieving the adopted goals and objectives and directs the District Manager to take all necessary actions to comply with Section 189.0694, Florida Statutes.

SECTION 3. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4. This Resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 13th day of October, 2025.

ATTEST:	SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A: Annual Report of Performance Measures/Standards

Exhibit A

Program/Activity:	District Administration
Goal:	Remain compliant with Florida Law for all district meetings
Objectives:
Notice all District regular, special, and public hearing meetings
Conduct all post-meeting activities
District records retained in compliance with Florida Sunshine Laws
Performance Measures:
All Meetings publicly noticed as required (YES)
Meeting minutes and post-meeting action completed (YES)
District records retained as required by law (YES)

Program/Activity:	District Finance
Goal:	Remain Compliant with Florida Law for all district financing activities
Objectives:
District adopted fiscal year budget
District amended budget at end of fiscal year
Process all District finance accounts receivable and payable
Support District annual financial audit activities
Performance Measures:
District adopted fiscal year budget (YES)
District amended budget at end of fiscal year (YES)
District accounts receivable/payable processed for the year (YES)
“No findings” for annual financial audit (NO)
If “yes” explain

Program/Activity:	District Operations
Goal:	Insure, Operate and Maintain District owned Infrastructure & assets
Objectives:
Annual renewal of District insurance policy(s)
Contracted Services for District operations in effect
Compliance with all required permits
Performance Measures:
District insurance renewed and in force (YES)
Contracted Services in force for all District operations (YES)
Permits in compliance (YES)

Sail Harbour Community Development District

Financial Report For September 2025

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
SEPTEMBER 2025

REVENUES	
Annual Budget
10/1/24 - 9/30/25	

Actual Sep-25	Year To Date Actual
10/1/24 - 9/30/25	
O & M Assessments	68,782	0	69,077	
Debt Assessments	509,434	0	509,435	
Other Revenues	0	0	0	
Interest Income	960	0	3,749	
				
Total Revenues	$	579,176	$	-	$	582,261	
				
EXPENDITURES				
Supervisor Fees	7,000	0	1,800	
Payroll Taxes (Employer)	560	0	218	
Engineering/Inspections	6,500	0	8,488	
Pipe Maintenance/Replacement	20,000	0	69,623	
Stormwater Videotaping	2,000	0	0	
Management	24,000	2,000	24,000	
Legal	5,500	0	4,437	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,500	0	3,500	
Arbitrage Rebate Fee	500	0	500	
Travel	500	0	90	
Insurance	6,600	0	6,379	
Legal Advertisements	1,400	0	658	
Miscellaneous	1,350	0	290	
Postage	350	0	128	
Office Supplies	450	0	295	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,400	0	4,337	
Website Management	1,500	125	1,500	
Miscellaneous Maintenance	0	0	0	
				
Total Expenditures	$	91,285	$	7,125	$	131,418	
				
Revenues Less Expenditures	$	487,891	$	(7,125)	$	450,843	
				
Bond Payments	(478,868)	0	(489,784)	
				
BALANCE	$	9,023	$	(7,125)	$	(38,941)	
				
County Appraiser & Tax Collector Fee	(11,564)	0	(1,343)	
Discounts For Early Payments	(23,129)	0	(20,962)	

EXCESS/ (SHORTFALL)	$	(25,670)	$	(7,125)	$	(61,246)	
				
Carryover Funds From Prior Year	25,670	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(7,125)	$	(61,246)	

Bank Balance As Of 9/30/25	$	111,996.34	
Accounts Payable As Of 9/30/25	$	7,125.00	
Accounts Receivable As Of 9/30/25	$	-	
Available Funds As Of 9/30/25	$	104,871.34	

Note: Bank Balance Includes Money Market Fund
Balance As Of 9/30/25: $79,501.64

Sail Harbour Community Development District Profit & Loss Budget vs. Actual October 2024 through September 2025

	Oct 24 - Sept 25	24/25 Budget	$ Over Budget	% of Budget	
Income									
363.100	O & M Assessments	69,076.80	68,782.00	294.80	100.43%	
363.810	Debt Assessments	509,435.10	509,434.00	1.10	100.0%	
363.820	Debt Assessment-Paid To Trustee	-489,784.05	-478,868.00	-10,916.05	102.28%	
363.830	Assessment Fees	-1,343.32	-11,564.00	10,220.68	11.62%	
363.831	Assessment Discounts	-20,962.25	-23,129.00	2,166.75	90.63%	
369.401	Interest Income	3,749.21	960.00	2,789.21	390.54%	
369.402	Carryover From Prior Year	0.00	25,670.00	-25,670.00	0.0%	
Total Income	70,171.49		91,285.00		-21,113.51		76.87%	
Gross Profit		70,171.49		91,285.00		-21,113.51		76.87%	
Expense						
511.122	Payroll Expense	218.50	560.00	-341.50	39.02%	
511.131	Supervisors Fee	1,800.00	7,000.00	-5,200.00	25.71%	
511.310	Engineering	8,487.50	6,500.00	1,987.50	130.58%	
511.311	Management Fees	24,000.00	24,000.00	0.00	100.0%	
511.315	Legal Fees	4,437.50	5,500.00	-1,062.50	80.68%	
511.318	Assessment/Tax Roll	5,000.00	5,000.00	0.00	100.0%	
511.320	Audit Fees	3,500.00	3,500.00	0.00	100.0%	
511.330	Arbitrage Rebate Fee	500.00	500.00	0.00	100.0%	
511.441	Travel	89.60	500.00	-410.40	17.92%	
511.450	Insurance	6,379.00	6,600.00	-221.00	96.65%	
511.480	Legal Advertisements	657.82	1,400.00	-742.18	46.99%	
511.512	Miscellaneous	289.87	1,350.00	-1,060.13	21.47%	
511.513	Postage and Delivery	127.81	350.00	-222.19	36.52%	
511.514	Office Supplies	294.70	450.00	-155.30	65.49%	
511.540	Dues, License & Subscriptions	175.00	175.00	0.00	100.0%	
511.550	Pipe Maintenance/Replacement	69,622.75	20,000.00	49,622.75	348.11%	
511.551	Stormwater Videotaping	0.00	2,000.00	-2,000.00	0.0%	
511.733	Trustee Fees	4,336.94	4,400.00	-63.06	98.57%	
511.750	Website Management	1,500.00	1,500.00	0.00	100.0%	
Total Expense	131,416.99		91,285.00		40,131.99		143.96%	
Net Income		-61,245.50	0.00	-61,245.50	100.0%	

Page 16

Sail Harbour Community Development District Balance Sheet
As of September 30, 2025

Operating Fund	Capital Projects Fund	Debt Service Fund	General Fixed Assets Fund	Long Term Debt Fund	TOTAL
     
ASSETS

Checking Account	32,494.70		0.00		0.00		0.00		0.00		32,494.70	
Money Market Account	79,501.64		0.00		0.00		0.00		0.00		79,501.64	
Total Checking/Savings	111,996.34		0.00		0.00		0.00		0.00		111,996.34	

Total Current Assets	
111,996.34		
0.00		
0.00		
0.00		
0.00		
111,996.34	
Fixed Assets Earthwork	
0.00		
0.00		
0.00		
547,952.00		
0.00		
547,952.00	
Surface Water Management	0.00		0.00		0.00		889,049.00		0.00		889,049.00	
Land Acquisition	0.00		0.00		0.00		3,267,406.00		0.00		3,267,406.00	
Accum Deprec - Surface Water Mgt	0.00		0.00		0.00		-400,068.00		0.00		-400,068.00	
Total Fixed Assets	0.00		0.00		0.00		4,304,339.00		0.00		4,304,339.00	
Other Assets
Accounts Receivable	
0.00		
0.00		
0.00		
0.00		
0.00		
0.00	
Investments - Interest Account	0.00		0.00		0.00		0.00		0.00		0.00	
Investments - Reserve Account	0.00		0.00		191,751.60		0.00		0.00		191,751.60	
Investments - Revenue Account	0.00		0.00		294,475.65		0.00		0.00		294,475.65	
Investments - Prepayment Account	0.00		0.00		3,509.27		0.00		0.00		3,509.27	
Investments - Sinking Fund	0.00		0.00		0.00		0.00		0.00		0.00	
A/R Non Ad Valorem Receipts	0.00		0.00		0.00		0.00		0.00		0.00	
Amount Available In DSF	0.00		0.00		0.00		0.00		489,736.52		489,736.52	
Amount To Be Provided	0.00		0.00		0.00		0.00		3,500,263.48		3,500,263.48	
Total Other Assets	0.00		0.00		489,736.52		0.00		3,990,000.00		4,479,736.52	

TOTAL ASSETS	
111,996.34		
0.00		
489,736.52		
4,304,339.00		
3,990,000.00		
8,896,071.86	

LIABILITIES & EQUITY												

Current Assets Checking/Savings

Liabilities

Accounts Payable	7,125.00		0.00		0.00		0.00		0.00		7,125.00	
Total Accounts Payable	7,125.00		0.00		0.00		0.00		0.00		7,125.00	
Total Current Liabilities	7,125.00		0.00		0.00		0.00		0.00		7,125.00	
Long Term Liabilities Special Assessment Debt	
0.00		
0.00		
0.00		
0.00		
3,990,000.00		
3,990,000.00	
Total Long Term Liabilities	0.00		0.00		0.00		0.00		3,990,000.00		3,990,000.00	
Total Liabilities	7,125.00		0.00		0.00		0.00		3,990,000.00		3,997,125.00	
Equity
Retained Earnings	
166,116.84		
0.00		
462,635.90		
-400,068.00		
0.00		
228,684.74	
Net Income	-61,245.50		0.00		27,100.62		0.00		0.00		-34,144.88	
Current Year Depreciation	0.00		0.00		0.00		0.00		0.00		0.00	
Investment In General Fixed Assets	0.00		0.00		0.00		4,704,407.00		0.00		4,704,407.00	
Total Equity	104,871.34		0.00		489,736.52		4,304,339.00		0.00		4,898,946.86	
TOTAL LIABILITIES & EQUITY	111,996.34		0.00		489,736.52		4,304,339.00		3,990,000.00		8,896,071.86	

Current Liabilities Accounts Payable