lake ashton ii community development district...

Lake Ashton II Community Development District

Agenda

July 2, 2020


http://lakeashton2cdd.com

Doug Robertson, Chairman

James Mecsics, Vice Chairman

Stan Williams, Assistant Secretary

Carla Wright, Assistant Secretary

Bob Zelazny, Assistant Secretary

July 2, 2020


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

June 25, 2020 Board of Supervisors Lake Ashton II Community Development District Dear Board Members: The regular meeting of the Board of Supervisors of the Lake Ashton II Community Development District will be held Thursday, July 2, 2020 at 9:00 AM via Zoom Teleconference. The Board of Supervisors and members of the public may attend and participate in the meeting utilizing the following options from your computer, tablet or smartphone. To participate using video, please go to the link address below. To participate by telephone, please use either call-in number below and enter the Meeting ID when prompted. Members of the public are further encouraged to submit comments or questions in advance of the meeting by email to [email protected], or by telephone by calling (407) 841-5524, up until 12:00 PM on Wednesday, July 1, 2020, the day before the meeting. Zoom Video Link: https://zoom.us/j/91100700713 Zoom Call-In Information: 1-312-626-6799 or 1-646-876-9923 Meeting ID: 911 0070 0713 Following is the advance agenda for the meeting:

Board of Supervisors Meeting

1. Roll Call and Pledge of Allegiance 2. Approval of Meeting Agenda 3. Public Comments on Specific Items on the Agenda (the District Manager will read

any questions or comments received from members of the public in advance of the meeting; we ask those members of the public wanting to address the Board directly first state his or her name and his or her address.1)

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

4. Approval of Minutes of the May 27, 2020 Board of Supervisors Meeting and the May 28, 2020 Continued Board of Supervisors Meeting

5. New Business/Supervisors Requests A. Public Hearing

I. Public Hearing on the Adoption of the Revised Golf Course User Fees and Rates

a) Consideration of Resolution 2020-09 Adopting the Revised Golf Course User Fees and Rates

B. Consideration of Revised Golf Cart Registration and Waiver C. Update Regarding Yellowstone Contract D. Acceptance of Fiscal Year 2019 Audit

6. Staff Reports A. Attorney B. Engineer C. Billy Casper

I. Golf Course Financial Statements D. District Manager’s Report E. Lake Ashton II Community Director

7. Financial Report A. Approval of Check Run Summary B. Combined Balance Sheet

8. Public Comments 9. Adjournment

MINUTES OF MEETING LAKE ASHTON II

COMMUNITY DEVELOPMENT DISTRICT

A communications media technology meeting of the Board of Supervisors of the

Lake Ashton II Community Development District was held Wednesday, May 27, 2020 at

9:15 a.m. via Zoom video conferencing, in accordance with the Office of the Governor,

Executive Orders 20-52 and 20-69, due to the COVID-19 virus.

Present and constituting a quorum were:

Doug Robertson Chairman James Mecsics Vice Chairman Bob Zelazny Assistant Secretary Stanley Williams Assistant Secretary Carla Wright Assistant Secretary Also present were:

Jill Burns District manager Sarah Sandy District Counsel Alan Rayl District Engineer Mary Bosman Community Director Brian Rhodes Billy Casper Ron Lavoie Billy Casper

The following is a summary of the discussions and actions taken at the May 27,

2020 meeting and a copy of the proceedings can be obtained by contacting the District

Manager.

FIRST ORDER OF BUSINESS Roll Call and Pledge of Allegiance Ms. Burns called the meeting to order at 9:15 a.m., called the roll and the pledge

of allegiance was recited.

SECOND ORDER OF BUSINESS Approval of Meeting Agenda Ms. Wright requested that the budget discussion take place today and Mr.

Robertson requested that the Hart Lake discussion take place under the budget

discussion.

May 27, 2020 Lake Ashton II CDD

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On MOTION by Mr. Zelazny seconded by Mr. Williams with all in favor the meeting agenda was approved as amended.

THIRD ORDER OF BUSINESS Public Comments on Specific Items on the Agenda

Residents had the following comments: A few residents look forward to the

opening of the pickleball court for doubles, questioned the locking of the pickleball court

at night, use of waivers for amenities, who pays for street/road repair, driving on golf path

in the evening 18 to 1 should be enforced, residents should be able to ask questions and

get answers.

FOURTH ORDER OF BUSINESS Approval of Minutes of the April 24, 2020 Board of Supervisors Meeting

On MOTION by Mr. Mecsics seconded by Mr. Robertson with all in favor the minutes of the April 24, 2020 meeting were approved as amended by district counsel.

FIFTH ORDER OF BUSINESS Unfinished Business There being none, the next item followed.

SIXTH ORDER OF BUSINESS New Business/Supervisors Requests A. Consideration of Resolution 2020-07 Setting the Public Hearings,

Approving the Proposed Fiscal Year 2021 Budget and Declaring Assessments (Suggested Date August 21, 2020) I. Documents Related to Budget Discussion (provided by Supervisor

Zelazny) Hart Lake Discussion added to this item Ms. Burns gave an overview of the updated proposed budget, rental revenue,

remove athletic equipment line item, increase engineering, separated landscape

maintenance and lake maintenance, replenishing reserves at $250 per lot.

The following issues were brought up and discussed: amount and source of carry

forward surplus, amount of transfer of excess revenue, starting numbers to be correct

and realistic, incorrect coding of expenditures, responses from accounting within a

maximum five days.


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Bridge and cart path repairs to be coded to roads and renamed public works on

the budget also provide to the accountant and put in additional $5,000 - $7,000 for those

items, longitudinal wear strips for bridges should be a capital project, do inventory of cart

path conditions annually, reseal bridges with water proofing, small projects should come

out of other capital projects and transfer money from O&M contingency, Sharyn sets up

accounts and doesn’t send the information to Mary and Carla, set up review between the

three to review the accounts,

Keep athletic equipment line item and put in the service contract in that line.

Increase special events budget by $5,000, increase in salary from $18 to $20 for

James, performance bonus line item, $5,000 to $10,000 establish criteria, district counsel

will set up parameters.

Capital projects: racquetball court and basketball court, fitness equipment

contingency of $18,500, kitchen equipment – ice machine $10,000, HVAC contingency

$120,000, 2 water heaters to be replaced,

Continue to fund annual projects at $60,000 plus $7,000 for bridges and pathways,

defer fitness center floor $15,000, defer the exterior painting of the building by a year

$15,000, contingency of $120,000 for HVAC, fund 2 water heaters at $2,000, fund racquet

ball court at $8,000, basketball court at $9,000 and put in gym equipment contingency at

$8,000, capital for ice machine at $10,000 and two pool pumps at $4,000.

Mr. Zelazny reviewed the excel spreadsheet of all the capital projects that included

road resurfacing and suggested at $400 per year per household increase through 2028.

Ms. Burns will work with Carla to integrate the comments and changes into the

budget and use the $400 increase as the basis of the mailed assessment notice to the

residents and the board will finetune those items over the next few months.

Mr. Zelazny outlined the Hart Lake area issues, being the treatment of the weeds

in the lake and indicated that the board would not support that and the residents would

have to bear the approximate cost of $700 to have the weeds removed and the

maintenance of the buffer zone, and we are waiting on a proposal from Yellowstone.

Applied Aquatics came in a little under $8,000 to clean out the invasive plants. They have

asked us to consider putting that in the budget this year to maintain the lake. In some

homes there is only 30 feet between the property line and the lake and in others we are


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maintaining about 110 yards of greenspace and ponds already. The residents believe

the lake used to be maintained by the CDD and they would like us to return to that

practice. Mr. Zelazny said that he was unable to find a contract where the district

maintained the buffer zone. The request is to have it maintained the same as Rattlesnake

Lake and that is maintained to the stakes that were placed by Alan.

Mr. Rayl indicated the stakes were put in on the exact limits of the wetland buffers

per the plat. Some of the exhibits provided in the past have shown mowing into the buffers

and in some areas it was into the wetland. You can see in the more current exhibits how

those areas have returned to a more natural state based on confirming the platted buffer

line. We set it as far to the wetland that we were allowed.

Mr. Robertson commented we didn’t do anything arbitrarily, we put it at the legal

limit to give the most allowed by law. We have never maintained Hart Lake; the only thing

we have done around Rattlesnake Lake was between Pebble Beach end of houses and

the first green and that was done by some residents that made a contribution to improve

that area. Up until now we have not spent money maintaining private views of lakes for

people. We have spent community money on community things and if we were to start

spending here, we would be asking people without views to spend money to improve

somebody’s private view in their backyard. $700 is not a lot of money for the residents to

split between themselves.

Ms. Sandy commented we discussed this in August of last year. The board can

change its policy at any time; however, at that time, the board took the position that if a

homeowner wanted to pay to fund the maintenance then the district would work with them

to pull the permit and do the work, but the board was not going to spend district funds as

indicated.

Mr. Zelazny commented this is a request of the residents, do we need a vote on

that?

Ms. Burns stated if you don’t want to add that to the budget then we don’t need

action tonight.

Ms. Burns indicated that she needed some clarification on the $147,000 for this

year’s payment for the golf course. There were previous conversations that it would be

funded out of golf course operations and it sounds like that is why it is not in this budget.


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Mr. Zelazny responded it was never anticipated that it be paid for out of golf course

operations. The golf course budget is operational costs and that is just going to barely

cover our costs. I know there have been discussions, but I have been clear in my position

that because it is a general amenity shared by all the residents it needs to be funded by

all the residents.

Mr. Robertson commented we were purchasing the property and when we make

money we can recoup some of the investment.

Mr. Burns commented we need to remove the $147,000 from the golf course and

put it into the capital budget or an expense line?

Mr. Williams commented the ongoing golf course budget in the past was paying

for the underlying bond and that was part of the ongoing cost of running the golf course.

We bought it now it is a matter of where you stack up the money. The purchase price is

one thing the ongoing bond could easily come out of golf course operations, if we are

short the first couple of years we would supplement it but in the long run when we get

another 50 members that is another $250,000 a year coming into our budget and that is

not going to be spent on the golf course all the time. We have to balance it out.

Mr. Mecsics commented it was always discussed if the golf course was profitable

that money returns to the general fund. That was the agreement from the start, but we

can’t expect to operate this next year, a new operation and having a $150,000 bill to pay

on top of that.

Mr. Robertson stated we can afford to run the golf course this year, we might

borrow some money, we have our general fund and we will get through until we get our

annual dues.

On MOTION by Mr. Williams seconded by Mr. Mecsics with all in favor Resolution 2020-07 approving the proposed fiscal year 2021 budget as amended with a $400 assessment increase per unit and setting the public hearing for August 21, 2020 at 9:00 a.m. by communications media technology or, if circumstances allow, at the HFC was approved.

Ms. Burns reported we have a stop time of 1:30 due to Zoom limitations.

Ms. Wright left the meeting at this time.


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B. Discussion Regarding Golf Course Rates I. Consideration of Resolution 2020-08 Setting a Public Hearing on

Golf Course Rates Mr. Zelazny gave an overview of the proposed revised user rates and fees, copy

of which is attached.

Ms. Sandy commented Billy Casper has worked on their forecast for the remainder

of the year and it looks like we would run out of revenue for the golf course in June and

would draw on the deficit funding agreement and request funds in June and July in the

approximate amount of $100,000 to $150,000. In conversations with Mike Wortman and

Jim Lee and going forward if there are any changes to rates that are different than how

they previously set them, including the current rates, to the extent there is a decrease in

revenue whether attributable to the change in rates or not, their position is the seller’s

obligation to fund under the deficit funding agreement will also decrease dollar for dollar.

Essentially, if you want to change the rates, you are taking the risk of loss for potential

decrease in revenue. The issue now with the pandemic and how it affects the revenues,

they don’t have to show that the decrease in revenue is due to the change in rates.

Mr. Zelazny commented we purchased the golf course the membership fees was

$1.2 million, currently our membership fees are a little over $1.35 million we have

increased membership over $100,000. We also have 54 non-paying golf memberships,

which will end something during the year and no matter what we do the rates will drop

below $1.2 million. I think the best option is to offer the residents more opportunities to

play.

Golf cart registration, rental rate, types of memberships, were discussed.

On MOTION by Mr. Mecsics seconded by Mr. Zelazny with all in favor Resolution 2020-08 setting a public hearing on the golf course rates, with authority to Mr. Zelazny to provide updates to the rates, for July 2, 2020 at 9:00 a.m. to be held via communicatons technology, was approved.


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C. Consideration of Golf Course FY 2019-2020 Budget from Billy Casper Golf

On MOTION by Mr. Zelazny, seconded by Mr. Mecsics, with all in favor, the FY 2019-2020 golf course budget for the District, was approved.

D. Discussion Regarding Severance Pay for Golf Club Employee Ms. Burns commented that a previous employee employed by the seller was not

offered an employment opportunity with Billy Casper.

On MOTION by Mr. Zelazny, seconded by Mr. Robertson, with all in favor the district will reimburse IGM for four weeks of severance pay at an amount not to exceed $5,961.

E. Consideration of First Addendum to Security Agreement with Securitas (document confidential and exempt pursuant to Florida Statute

119.071(3)

On MOTION by Mr. Williams seconded by Mr. Mecsics with all in favor the first addendum to the security agreement with Securitas starting July 15, 2020 was approved and the vice chair was authorized to execute the agreement.

F. Consideration of Addendum 6 to Yellowstone Landscaping Contract Mr. Zelazny commented that addendum 6 to the Yellowstone landscaping contract

reflects a reduction in service going from 9 cuts in the wilderness area to 2 cuts. Mr.

Zelazny stated he wanted authority to execute the contract, but didn’t want to sign it until

such time as we get a picture of the grass cutting areas, that was not attached to the

contract.

On MOTION by Mr. Williams, seconded by Mr. Mecsics, with all in favor, addendum 6 to the Yellowstone Landscaping


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contract was approved subject to receiving updated maps, with authority to Mr Zelazny to execute addendum 6.

G. Discussion Regarding Golf Course Amenity Policies (requested by Supervisor Zelazny)

Mr. Zelazny gave an overview of the forms that will be attached to the packet when

everyone registers their golf cart. They will get the golf course etiquette brochure, waiver

form, sticker and a map of the golf course and direction of traffic.

On MOTION by Mr. Mecsics seconded by Mr. Zelazny with all in favor the golf course etiquette brochure was approved, subject to confirmation with Billy Casper’s risk management, to maintain the proper flow of pedestrian traffic on the golf course.

H. Discussion Regarding Reopening of Amenities (requested by Supervisor Zelazny)

In response to the request during public comments about allowing doubles on the

pickleball and tennis courts, that was denied due to social distancing, but will readdress

that request when the area goes into Phase 2. The board agreed to put ten chairs in the

pet parks and give guidance on sanitizing, social distancing. Masks must be used in the

fitness room.

I. Discussion Regarding Resident Requests to Maintain Hart Lake and Associated Buffer Zone (requested by Supervisor Zelazny)

This item was discussed earlier in the meeting.

J. Discussion Regarding Free Golf for Lake Ashton Employees (requested by Supervisor Williams)

Mr. Rhodes commented that at their properties employees can play for free but

cannot made a tee time during prime time unless they are playing with members. All

guests of employees would pay $10 for nine holes and $20 for 18, spouses of employees

who wish to play more than once a week may purchase a membership for the difference

between a single and family membership.

Mr. Zelazny commented we talked about a 50% off regular rate for employees with

the exception of pro shop staff that play for free.


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Ms. Sandy commented that this will have to be included in the rate structure that

is advertised.

On MOTION by Mr. Zelazny, seconded by Mr. Robertson, with all in favor, Resolution 2020-08 was amended to add a golf course user rate for District employees, with authority to Mr. Zelazny to work with the District staff to finalize.

SEVENTH ORDER OF BUSINESS Staff Reports A. Attorney Ms. Sandy commented the reciprocal easement agreement the board discussed

last time I believe you were updated on the final negotiations on that and it has been

finalized and ready to execute and recorded.

B. Engineer Mr. Rayl commented we submitted the ERP permit transfers three of the five

submitted have been completed, we are waiting on two. The water use permits have

been transferred in full.

We moved back to our most recent inspection of the stormwater management

system; we are putting some quantities together for some repairs that are needed to

recertify two of the permits. There are about 20 items to repair and 12 are related to

vegetation maintenance and I don’t expect that to be difficult to get brought up to standard.

We were requested to look into lightning protection for the HFC building and we

have a proposal from DFC, Inc.

On MOTION by Mr. Mecsics seconded by Mr. Zelazny with all in favor the quote for lightning protection was approved in an amount not to exceed $8,500.

Mr. Rayl commented you may or may not know CDD I is going to work on

improving the drainage at Mulligan and Dunmore intersection. The contractor is expected

to mobilize at the beginning of next week. At some period of time, there will be a closure


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of Mulligan to let them do some work there. We will coordinate on the contractor’s

schedule so Mary can let the residents know.

C. Billy Casper Mr. Rhodes commented we are satisfied with the agronomy plan, wet conditions

have delayed us slightly for sodding the eight greens that need work. The pro shop in

Eagles Nest opened yesterday, did not get the crowd that was expected, everything ran

smoothly and we followed all the guidelines. We missed our initial May forecast by

$10,400 and sales are affected due to the shutdown, our cost of goods are going to be

much higher because we had waste in F&B and our physical inventory did not match the

computer. We paid the employees who were quarantined for 10 days, we did incur the

cost of their gratuities, so we don’t have a great labor savings. I don’t have a handle on

expenses I do expect about $15,000 in savings this month compared to budget.

Ms. Burns commented we are going to have to continue this meeting until

tomorrow.

Mr. Robertson commented since I’m going off the board I would like to pass to the

vice chairman approval of all invoices so he can get up to speed and I would like to turn

over the day to day running of the HFC to Mr. Mecsics as well so we have a smooth

transition.

Ms. Sandy commented we would need to revise the resolution.

The balance of the agenda items was continued.

D. District Manger’s Report I. Reminder Regarding Qualifying Period for Election – June 8 – June

12, 2020 This item deferred to the continued meeting.

E. Lake Ashton II Community Director This item deferred to the continued meeting.

EIGHTH ORDER OF BUSINESS Financial Reports


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A. Approval of Unaudited Financial Report as of April 30, 2020 This item deferred to the continued meeting.

B. Presentation of Number of Registered Voters - 791 This item deferred to the continued meeting.

NINTH ORDER OF BUSINESS Public Comments This item deferred to the continued meeting.

On MOTION by Mr. Mecsics, seconded by Mr. Zelazny, with all in favor, the meeting was continued to May 28, 2020 at 2:00 p.m. to be held via Zoom, with access information to be available from the District Manager, on the District’s website, and sent out by e-blast from the Community Manager.

Secretary/Assistant Secretary Chairman/Vice Chairman

MINUTES OF MEETING LAKE ASHTON II

COMMUNITY DEVELOPMENT DISTRICT

A communications media technology meeting of the Board of Supervisors of the

Lake Ashton II Community Development District was held for the Thursday, May 28, 2020

at 2:01 p.m. for the reconvened meeting via Zoom video conferencing, in accordance with

the Office of the Governor, Executive Orders 20-52 and 20-69, due to the COVID-19 virus.

Present and constituting a quorum were:

Doug Robertson Chairman James Mecsics Vice Chairman Bob Zelazny Assistant Secretary Stanley Williams Assistant Secretary Also present were:

Jill Burns District manager Sarah Sandy District Counsel Alan Rayl District Engineer Mary Bosman Community Director The following is a summary of the discussions and actions taken at the May 28, 2020 meeting and a copy of the proceedings can be obtained by contacting the District Manager. FIRST ORDER OF BUSINESS Roll Call and Pledge of Allegiance Ms. Burns called the reconvened meeting to order at 2:01 p.m.

SECOND ORDER OF BUSINESS Staff Reports D. District Manger’s Report I. Reminder Regarding Qualifying Period for Election – June 8 – June

12, 2020 Ms. Burns reported that the qualifying period for the election is from noon on June

8th through noon on June 12th.

E. Lake Ashton II Community Director


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Ms. Bosman gave an overview of the community director’s report and commented

James made the safety screens in front of the desks and that was a substantial savings

for the district, then reviewed personnel changes on which the board took the following

action.

On MOTION by Mr. Mecsics, seconded by Mr. Zelazny, with all in favo,r an increase to $14 per hour was approved for Karen VanKirk in the maintenance staff position, backdated to the time the new position started.

Mr. Mecsics will sit in on interviews with the short list of applicants for the office

manager position and with the meeting with Magic Genie.

On MOTION by Mr. Robertson, seconded by Mr. Mecsics, with all in favor, an increase to $20 was approved for James Margeson in the maintenance supervisor position, effective July 1, 2020.

Mr. Zelazny requested the addition of a temporary employee to help with sanitation

and checking in of people in the pool area.

On MOTION by Mr. Zelazny seconded by Mr. Robertson with all in favor staff was authorized to hire a temporary pool monitor at an amount not to exceed $9.50 per hour as a 1099 position.

Mr. Zelazny commented we have talked about a new stage for the community

center since the one we have is small and limits what we can do. A 16 X 20 portable

stage is less than $7,000 and is sufficient to have an orchestra on stage or a small

theatrical production and host joint meetings. I would like to fund it this year and when

residents come back, they will find a completed renovated HFC, new stage and new pool.

On MOTION by Mr. Zelazny seconded by Mr. Mecsics with all in favor staff was authorized to purchase a new stage in an


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amount not to exceed $7,000 to be taken out of the capital project line item.

The board discussed and were in consensus to allow doubles play on the tennis

courts, and pickleball doubles on courts 1 and 2 and singles on courts 3 and 4. Waivers

to be signed by all doubles players with a list posted and the hours will be from 8 a.m. to

10 p.m. The indoor pool and spa will be opened starting June 8th, 8 a.m. to 3 p.m., outdoor

spa 8 a.m. to 3 p.m. and 15 minutes per person. The indoor pool at 30 minutes per

persons with a limit of 20 people, all following social distancing policies, 8 a.m. to 10 a.m.,

lap swim 6 a.m. to 9 a.m., and open swim after 9 a.m. with the use of waivers, all as

further provided in the written reopening policy as provided by Ms. Bosman and Mr.

Mecsics to the Board.

Mr. Mecsics will work with Jill and Sharyn to do a top to bottom review of the

financial situation.

Mr. Zelazny will add to the golf course etiquette form, the policies on pets on golf

cart path and off the fairway, greens and tee boxes, no fishing where golf balls are landing

then distribute when we register the golf carts. Notify residents by email with a start date

of June 15th and run the registration through July 1st, then start to enforce it.

After the initial timeframe for registration and ongoing registration, it will be done

at HFC to be done by staff.

The resident who lives on Pinehurst Loop that has been vandalized a number of

times requested a reduction in golf for a year. Mr. Zelazny said that although he didn’t

support it, he would bring it up. The board took no action on this request.

EIGHTH ORDER OF BUSINESS Financial Reports A. Approval of Unaudited Financial Report as of April 30, 2020 Mr. Zelazny will have a conference call with Jill and Sharyn to go over in detail

questions he had on the financials.

On MOTION by Mr. Zelazny seconded by Mr. Mecsics with all in favor the unaudited financial report as of April 30, 2020 was approved.


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Residents are not paying attention to rules, such as speeding, running stop signs,

and violations in pet park area. Board discussed traffic enforcement is not a CDD

responsibility and police should be contacted.

B. Presentation of Number of Registered Voters - 791 Ms. Burns reported that there are 791 registered voters residing within the district

as of April 15, 2020.

NINTH ORDER OF BUSINESS Public Comments A resident thanked the board for all the work they have done in the last few months,

you listening to the community and the decisions you have made are in support of the

whole community.

A resident thanked the board for their understanding, the kind way they have

worked with the pickleball players. Most players would rather play earlier than later before

it gets too hot and would rather start at 7 a.m. and do not like to play late in the evening.

The board agreed to open the courts at 7 a.m. You talked about having a court for singles

but no one wants to play singles unless they are forced to so maybe designate one court

for singles.

A resident thanked the board for opening the tennis courts.

Mr. Robertson commented none of the existing rate structure has changed it is just

the new rates that will be voted on in July. I think we should be able to sign up for our

annual membership before that time. We can start our marketing program before July.

Ms. Sandy stated with the exception of the new options.

Mr. Zelazny commented I will work with Ron and have something out next week.

Ms. Bosman asked who is my point of contact for policies and procedures for

setting up the tee box memorials?

Mr. Robertson responded I will see that through. I will work with Billy Casper to

have a little ceremony.

Ms. Sandy stated part of that process is the applications are supposed to come

back before the board for approval.


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Mr. Robertson stated we have a request from Denise Holmes to have the 16th hole

on the west as the memorial hole for her husband John Holmes, a pickle baller and avid

golfer in this community. She has the wording they want on it and has paid the $12,000.

Mr. Zelazny commented I have no problem accepting the money and starting the

program, but I am uncomfortable that we never got into the specifics of what the plaque

is going to look like. I believe they should be uniform.

Mr. Robertson responded we said the portion of the monument on each hole at the

bottom there is a 12” by 12” area below the blue line that is available to put a plaque and

the plaque would have words that would fit. The sizing of the letters depend on how many

words people want to put on the plaque and we have to approve it.

Mr. Zelazny commented as long as it is standard, it doesn’t matter if it is going to

be bronze or onyx. We need a standard look.

Ms. Bosman asked what account should I put on the deposit of the $12,000?

Ms. Burns responded golf course operations is what we previously discussed.

Mr. Zelazny commented it has nothing to do with the golf course operations, it

should go to the Lake Ashton II CDD if we have a memorial for anything. Why don’t we

have Jill set up an account number that says memorials?

Ms. Burns responded that works.

There being no public comment, the board took the following action.

On MOTION by Mr. Robertson, seconded by Mr. Williams, with all in favor, $12,000 was accepted for naming the 16th hole with direction that the funds be deposited in the District’s general fund.

Mr. Robertson commented I will get the dimensions to Mary and choose what is

most suitable to go with what is already on the monuments. We will find an adhesive and

we will have a small ceremony.

On MOTION by Mr. Zelazny seconded by Mr. Robertson with all in favor the meeting adjourned at 3:35 p.m.


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Secretary/Assistant Secretary Chairman/Vice Chairman

SECTION V

SECTION (a)

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RESOLUTION 2020-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT ADOPTING REVISED USER RATES AND FEES REGARDING THE USE OF THE DISTRICT GOLF COURSE FACILITIES; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Lake Ashton II Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Winter Haven, Polk County, Florida; and WHEREAS, Chapter 190 and 120, Florida Statutes, authorizes the District to adopt rules, rates, charges and fees to govern the administration of the District and defray costs of operation and to adopt resolutions as may be necessary for the conduct of District business; and WHEREAS, the District owns in part and leases in part the Lake Ashton Golf Club facilities, (“Lake Ashton Golf Course Facilities”); and WHEREAS, the District previously adopted Resolution 2020-04, adopting user rates and fees regarding the use of the Lake Ashton Golf Couse Facilities, dated February 7, 2020; and WHEREAS, after providing notice pursuant to Florida law, and after holding a public hearing thereon, the Board of Supervisors (“Board”) finds that it is in the best interests of the District and necessary for the efficient operation of the District and the Lake Ashton Golf Course Facilities to adopt by resolution revised user rates and fees related to the use of the Lake Ashton Golf Course Facilities, as more particularly set forth in Exhibit A attached hereto, and incorporated herein by this reference (“Rates”), for immediate use and application.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The above stated recitals are true and correct and are hereby incorporated herein by reference. SECTION 2. The Rates as set forth in Exhibit A are hereby adopted pursuant to this Resolution as necessary for the conduct of District business. These Rates shall stay in full force and effect until such time as the Board of Supervisors may amend or revise in accordance with Chapter 190, Florida Statutes, and shall replace and supersede any rules setting user rates and fees for the Lake Ashton Golf Course Facilities previously adopted.

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.

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PASSED AND ADOPTED this 2nd day of July 2020. ATTEST: LAKE ASHTON II COMMUNITY

DEVELOPMENT DISTRICT _____________________________ ____________________________________ Secretary/Assistant Secretary Chairman, Board of Supervisors Exhibit A: Rates

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Exhibit A Rates

Membership Category1

Bottom Top

Annual (October 1 to September 30)

Single 4,000$ 4,600$

Family 5,300$ 5,900$

Non‐Resident Member ‐ Single 4,100$ 5,000$

Non‐Resident Member ‐ Family 5,400$ 6,300$

Super Senior (80 yr+) ‐ Single 3,100$ 3,700$

Super Senior (80 yr+ for all family members) ‐ Family 4,250$ 4,850$

Associate7 (October 1 to September 30)

Single 900$ 1,500$

Family 1,200$ 1,800$

Seasonal

Winter (October ‐ May)

Single 3,750$ 4,350$

Family 4,700$ 5,300$

Summer (June ‐ September)

Single 1,100$ 1,700$

Family 1,300$ 1,900$

6‐Month (October ‐ March) 2

Single 3,550$ 4,150$

Family 3,550$ 4,150$

Pre‐paid Rounds (one‐time purchase; non‐transferable)

50 Rounds (max 1 round/week) 1,575$ $2,075

100 Rounds (max 2 rounds/week) 3,300$ $4,000

Daily5 (per round; max 1 round/week)

Winter (Oct ‐ May)

Single (18 holes) $30 $60


Associate (18 holes) $30 $60


Non‐Resident $80 $120

Summer (June ‐ September)





Non‐Resident $80 $120

Non‐Resident Renter/Leaseholder of Lake Ashton House

Weekly ‐ Single $130 $230

Weekly ‐ Family $190 $290

Monthly ‐ Single $700 $1,300

Monthly ‐ Family $850 $1,450

2 Month ‐ Single $1,500 $2,100

2 Month ‐ Family $1,800 $2,400

3 Month ‐ Single $2,100 $2,700

3 Month ‐ Family $25,550 $3,150

Guests

Guest of Professional Staff

Guests ‐ Winter

Guests ‐ Summer

Visiting PGA Professionals

Reciprocal Rates

Group3 (per person per round; max 1 round/week)

Non‐Resident ‐ Winter $30 $60

Non‐Resident ‐ Summer $10 $30

Golf Cart Rental6

$5 $20

Transfer Fee4 $100 $200

Driving Range

Single (per month) $0 $100

Single (per day) $0 $25

Employees (includes District and Golf Course Management Employees)

Professional Staff (ProShop) $0 $0

All Other Staff ‐ Single ‐ Winter $0 $50

All Other Staff ‐ Single ‐ Summer $0 $50

No Show Fees $0 $20

Non‐Residents are any person(s) who do not own or rent property witin either District; Non‐Resident Members are Non‐Residents that have

paid the Annual Non‐Resident Member Fee.

Golf Club Membership Year runs from October 1 through September 30 of the following year ("Membership Year")

2% Discount available if prepay annual dues and fees by the August 31st preceeding the Membership Year

3% Process fee if paying with credit card (if available)

Includes the use of golf practice facilities without additional fees, during Membership Year only

The Board and/or Golf Course Manager shall have the authority to establish fees within the ranges set forth above.

2: Only available to Residents or Renters/Leaseholders residing in either District for a maximum of 6 months per year

3: Groups require a minimum of 12 golfers

4: Membership transferance from Resident to Renter/Leaseholder of such Resident's living unit

5: Guests shall qualifty for the Daily Single Rate, unless otherwise specified herein

6: Cart rental fees apply to carts loaned out for three days or more

7: Associate members must pay green fee in addition to membership fee

$10 off Daily Rate

$5 off Daily Rate

$0

Same Rate as Other Course

1: All rates shown are for Patrons of the Lake Ashton Community Development District and Lake Ashton II Community Development District

(together, "Districts"), unless otherwise noted, and are subject to applicable State and Local taxes

LAKE ASHTON GOLF COURSE

GOLF USER FEES & RATES

Fee Range

50% of Daily Rate

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT (THE “DISTRICT”) Golf Cart Registration Form

NAME(S):

__________________________________________________________________________________________

LAKE ASHTON ADDRESS:

CITY/STATE/ZIP:

HOME TELEPHONE: CELL PHONE:

PRIMARY EMAIL ADDRESS:

ACCEPTANCE: I certify and affirm that all information presented in this application is true and correct and that any documents I have presented are genuine. I agree to assume full responsibility for the operation of my personal golf cart that may arise from the operation of my golf cart on the Lake Ashton Golf Course (“Golf Course”) by both myself and others I have authorized to operate the golf cart. I agree to fully comply with any and all applicable Florida Statutes and local government regulations regarding the operation of golf carts, including Chapters 316 and 320, Florida Statutes and the City of Winter Haven’s Ordinance Sec. 18-155. I further agree to fully comply with the District and Lake Ashton Community Development District’s Joint Amenity Facilities Policies dated September 27, 2019, and the District’s Lake Ashton Golf Course Policies, adopted February 2, 2020, as subsequently revised (“Golf Course Policies”). A currently copy of the Golf Course Policies is attached hereto as Exhibit A. I hereby:

• Acknowledge receiving a copy of the Golf Course Policies. Initial(s): _________ __________

• Acknowledge the Golf Course Policies relate to the operation of golf carts on the District’s LakeAshton Golf Course (“Golf Course), including specifically Section I and Section IV.Initial(s): _________ __________

• Certify I have read the paragraph titled “Use Golf Course At Own Risk” under Section I of the GolfCourse Policies. Initial(s): _________ __________

• Certify I have read the paragraph titled “Safety Recommendations” under Section IV of the GolfCourse Policies. Initial(s): _________ __________

PRIVACY NOTICE: Under Florida’s Public Records Law, Chapter 119, Florida Statutes, the information you submit on this form may become part of a public record and the District may be required to disclose the information submitted to it. If you believe that your records may qualify for an exemption under Chapter 119, Florida Statutes, please notify the District Manager.

_________________________________________ ______________________________________ Signature of Owner Signature of Owner

_________________________________________ ______________________________________ Print Name Print Name Date: _____________________ Date: __________________

PLEASE RETURN THIS FORM TO LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT Attn: Community Manager

Golf Cart Decal #: _________________

Proof of Identification and Residence (Government Issued Photo ID) Document Type: _____________________________________ Expiration Date: __________ Staff Initials: ___________

Rental Documents (Lease Agreement Required) Document Type: _____________________________________ Date of Rental: __________ Staff Initials: ___________

Exhibit A

District Golf Course Policies

Lake Ashton Golf Course Policies Lake Ashton II Community Development District

Adopted February 7, 2020 Revised March 13, 2020; July 2, 2020

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The Lake Ashton Golf Course Policies apply to any person using the Lake Ashton Golf Club properties and facilities (“Golf Course”) within the Lake Ashton Community Development District (“LACDD”) and the Lake Ashton II Community Development District (“LAIICDD,” together with LACDD, the “Lake Ashton Community” or “Community”).

I. Cart Paths and Bridges

All golf cart pathways, walking paths and ancillary bridges (“Pathways/Bridges”) within the Golf Course are shared equally between golfers, golf carts, pedestrians and bicyclists. Use of the Pathways/Bridges by any person not playing golf (“Non-Golfers”) during hours when golf is being played creates potential safety hazards; therefore, all users of the Golf Course must exercise extreme caution when golf is being played.

To reduce danger and likelihood of being struck by a golf ball, Non-Golfers should walk or ride in the opposite direction of play (starting on Hole 18 and ending on Hole 1), pause as golfers (“Golfers,” and together with Non-Golfers, “Individuals”) are about to hit, and only continue once the golfers have struck their balls. Golfers should wave Non-Golfers through if the approaching Non-Golfers are fast moving or can pass by quickly.

Non-Golfers must stay on the Pathways/Bridges or Pond banks. Non-Golfers are encouraged to monitor the daily email circulated by Pro Shop staff members announcing course conditions, closures, and starting times for the groups on each course. In doing so, Non-Golfers can identify periods when no golfers are on the course. One course is normally closed on Monday and League play (Tuesday, Wednesday, and Thursday) does not start until 9:00 a.m.; however, Non-Golfers should check the conditions of each course before use. Additionally, it is generally safer to walk before 8:00 a.m. or after 4:00 p.m., when golfers are less likely to be present.

Pathways adjacent to ponds and bridges can be dangerous. Carts should operate at a safe speed and always use headlights after dusk. Extreme caution should be taken when traveling through standing water on paths.

Pets are permitted to be walked and exercised on the Pathways/Bridges. At no time should they be in the fairways or within thirty feet of a green. Pets must be on leash or in a Golf Cart at all times. Pet owners are responsible to pick up after their pet.

Use Golf Course At Own Risk: All Non-Golfers who enter the Golf Course and/or utilize Pathways/Bridges and/or Ponds, either as a pedestraian or within a Golf Cart (hereinafter defined) shall do so at his or her own risk, assume all risks associated with entering property used for playing golf, including but not limited to errant golf balls and golf clubs, and shall indemnify, defend, release, hold harmless, and forever discharge the LACDD, LAIICDD, their present, former, and future supervisors, staff, officers, employees, representatives, agents, contractors, and any other owners of property on which Golf Course facilities may be located from any and all liability, claims, lawsuits, actions, suits or demands, whether known or unknown, in law or equity, for any and all loss, injury, damage, death, theft, real or personal property damage, expenses (including attorney’s fees, costs and other expenses for investigation and defense and in connection with, among other proceedings, alternative dispute resolution, trial court, and appellate proceedings), and harm of any kind or nature arising out of, or in connection with, the use of the



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Lake Ashton Golf Course, including any and all Pathways/Bridges, Ponds, and parking lots, by the Individual, his or her guest(s), and/or his or her family member(s), including but not limited to any errant golf balls or golf clubs.

II. Ponds

There are over sixty (60) lakes and ponds (“Ponds”) located within the Lake Ashton Community. Ponds are governed by the Joint Amenity Facilities Policies dated September 27, 2019 (“Joint Amenity Policies”). Pursuant to the Joint Amenity Policies, the following activities are prohibited and/or permitted:

1. Patrons may fish from any Pond within the Golf Course. Please check with the Amenity Manager for rules and regulations pertaining to fishing and for proper access points to these bodies of water. The Community encourages a “catch and release” policy for any fish caught in the ponds because of the frequency with which the Golf Course is treated with herbicides and fertilizers which may produce run-off into the Ponds within the Golf Course.

2. No water crafts of any kind are allowed in the Ponds, except for small remote-controlled boats intended for recreational purposes.

3. Swimming, wading, and/or pets are not allowed in any Pond within the Golf Course.

Non-Golfers using the Ponds along the Golf Course must exercise extreme caution when Golfers are present and playing golf because of the risk of being hit by an errant golf ball or golf club. Non-Golfers using the Ponds should position themselves away from the flight of any Golfer’s shot and be aware of Golfers hitting. Golf Carts being used by Non-Golfers using the Ponds should be parked way from play and off the Pathways/Bridges.

The Ponds may be occupied with Alligators and other wildlife that can present a danger to Individuals along the Pond banks. All Individuals should exercise extreme caution, but Individuals must be especially mindful of the risk if small children or pets are present. They should not be left unattended.

III. Golf

Golf may be played at the Golf Course for a fee. Any unauthorized individual found using the Golf Course facilities or playing the course will be asked to make restitution. If payment is not received, the individual will be removed and receive a warning.

Tee times are available upon request through the Pro Shop. Prior to play, Golfers must report to the Pro Shop. Golfers are asked to abide by local rules regarding dress, behavior, and play. Golfers should comply with announcements on course playing conditions.

Golfers are reminded that they share the Pathways/Bridges and Ponds with Non-Golfers. Golfers do not have any higher priority for use than any Non-Golfer and need to be considerate in allowing use by all Community members.



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Pets are permitted to be walked and exercised on the Pathways/Bridges. At no time should they be in the fairways or within thirty feet of a green. Pets must be on leash or in a Golf Cart at all times. Pet owners are responsible to pick up after their pet.

IV. Golf Carts

Golf Carts, as such terms are used within these policies, shall be defined as such term and the term low-speed vehicle is defined in Florida Statutes, as amended.

Golf Cart within the District shall comply with and Golf Cart operations within the District shall abide by all applicable provisions of the Joint Amenity Policy, Florida Statutes, as amended, and local ordinances and regulations, including, but not limited to, compliance with Chapters 316 and 320, Florida Statutes, all traffic control devices, local traffic laws, and the City of Winter Haven’s Ordinance Sec. 18-155.

All Golf Carts used on the District’s Golf Course and the Pathways/Bridges must be registered at LAIICDD’s Health and Fitness Center. Registration includes aknowledgement of these policies, including specifically but not limited to Sections I (Cart Paths and Bridges) and Section IV (Golf Carts) and displaying the appropriate Golf Cart decal when using the Golf Course, including the Pathways/Bridges. If the decal is not properly displayed, the Golf Cart operator will be asked to leave the Golf Course.

Safety Recommendations: the District recommends all owners and/or operators of Golf Carts used on the Golf Course abide by the following safety recommendations:

• Use extreme caution when traveling on Pathways/Bridges, especially when golf is being played; • The District recommends Golf Cart owners obtain liability insurance insuring against personal

injury and damage to property with limits of at least $300,000; • Equip Golf Cart with efficient brakes, reliable steering apparatus, safe tires, a rearview mirror, and

red reflectorized warning devices in both the front and rear. • Regularly check Golf Cart for safe operation of brakes, lights, steering, turn signals, and tires. Make

sure batteries are charged to good operating levels. • When passing or approaching another Golf Cart on a path, one Golf Cart should move to the side

toward the golf course to allow the other cart to pass. Under no circumstances, should passing Golf Carts drive onto private property.

• Passengers and drivers should keep all body parts inside the Golf Cart while it is in motion; • Passengers should have both feet planted firmly on the floor while the Golf Cart is moving; • Passengers should sit with their right hip against the right arm of the seat; • Passengers should be aware of traffic conditions. A sharp, unexpected turn can throw a rider from

the Golf Cart. On turns and fast straightaways, passenger should use right hand to grasp the right arm of the seat.

Item will be provided under separate cover.

SECTION D

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT

POLK COUNTY, FLORIDA FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA TABLE OF CONTENTS Page

INDEPENDENT AUDITOR’S REPORT 1-2 MANAGEMENT’S DISCUSSION AND ANALYSIS 3-6 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements:

Statement of Net Position 7 Statement of Activities 8 Fund Financial Statements:

Balance Sheet – Governmental Funds 9 Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position 10 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds 11 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities

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Notes to the Financial Statements 13-21 REQUIRED SUPPLEMENTARY INFORMATION

Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – General Fund

22

Notes to Required Supplementary Information 23 INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL

REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 24-25

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS

OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

26 MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES

OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA 27-28

951 Yamato Road ▪ Suite 280 Boca Raton, Florida 33431 (561) 994-9299 ▪ (800) 299-4728 Fax (561) 994-5823 www.graucpa.com

INDEPENDENT AUDITOR’S REPORT To the Board of Supervisors Lake Ashton II Community Development District Polk County, Florida Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities and each major fund of Lake Ashton II Community Development District, Polk County, Florida (“District”) as of and for the fiscal year ended September 30, 2019, and the 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 opinions 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 Auditing 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 opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2019, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

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Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information 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, economic, 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 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 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 our report dated June 19, 2020, 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, contracts, grant agreements and other matters. The purpose of that report is solely 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 the effectiveness of the District’s 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 the District’s internal control over financial reporting and compliance.

June 19, 2020

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MANAGEMENT’S DISCUSSION AND ANALYSIS Our discussion and analysis of Lake Ashton II Community Development District, Polk County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2019. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements. FINANCIAL HIGHLIGHTS

• The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $26,458,904.

• The change in the District’s total net position in comparison with the prior fiscal year was ($196,868), a decrease. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

• At September 30, 2019, the District’s governmental funds reported combined ending fund balances of $1,297,835, a decrease of ($149,765) in comparison with the prior fiscal year. The total fund balance is non-spendable for prepaid items and deposits, restricted for debt service and capital projects, assigned for capital reserves, and the remainder is unassigned which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government-Wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business. The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods. The government-wide financial statements include all governmental activities that are principally supported by special assessment. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

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OVERVIEW OF FINANCIAL STATEMENTS (Continued) Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The District maintains three individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund which are all considered to be major funds. The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget. Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year. Key components of the District’s net position are reflected in the following table:

2019 2018Current and other assets 1,380,598$ 1,498,462$ Capital assets, net of depreciation 33,743,372 34,147,823

Total assets 35,123,970 35,646,285 Current liabilities 270,066 245,513 Long-term liabilities 8,395,000 8,745,000

Total liabilities 8,665,066 8,990,513 Net position

Net investment in capital assets 25,348,401 25,402,851 Restricted 512,865 499,839 Unrestricted 597,638 753,082

Total net position 26,458,904$ 26,655,772$

SEPTEMBER 30, NET POSITION

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

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GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued) The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations. The District’s net position decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the costs of operation and depreciation expense exceeded ongoing program revenues. Key elements of the change in net position are reflected in the following table:

2019 2018Revenues:Program revenues

Charges for services 2,074,540$ 2,191,638$ Operating grants and contributions 14,410 8,495 Capital grants and contributions 1 44

General revenuesUnrestricted investment earnings 20,986 14,816 Miscellaneous 22,455 32,804

Total revenues 2,132,392 2,247,797 Expenses:

General government 564,719 343,700 Maintenance and operations 1,305,533 1,295,141 Interest 459,008 473,334

Total expenses 2,329,260 2,112,175 Change in net position (196,868) 135,622 Net position - beginning 26,655,772 26,520,150 Net position - ending 26,458,904$ 26,655,772$

FOR THE FISCAL YEAR ENDED SEPTEMBER 30, CHANGES IN NET POSITION

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2019 was $2,329,260. The costs of the District’s activities were funded by program revenues. Program revenues decreased due to less revenue for miscellaneous income and charges for services. Expenses increased from the prior fiscal year due to increased general governmental and maintenance and operations expenses. GENERAL BUDGETING HIGHLIGHTS An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019.

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CAPITAL ASSETS AND DEBT ADMINISTRATION Capital Assets At September 30, 2019, the District had $37,106,469 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $3,363,097 has been taken, which resulted in a net book value of $33,743,372. More detailed information about the District’s capital assets is presented in the notes of the financial statements. Capital Debt At September 30, 2019, the District had $8,395,000 in Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements. ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS Subsequent to fiscal year end the District partnered with Lake Ashton Community Development District for the joint purchase and acquisition of a golf course. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Lake Ashton II Community Development District’s Finance Department at 5385 N. Nob Hill Road, Sunrise, Florida, 33351.

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LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA

STATEMENT OF NET POSITION SEPTEMBER 30, 2019

ASSETSCash 62,968$ Investments 497,649 Assessments receivable 4,044 Interest receivable 1,115 Deposits 24,463 Prepaid items 37,793 Restricted assets:

Investments 752,566 Capital assets:

Nondepreciable 23,308,813 Depreciable, net 10,434,559

Total assets 35,123,970

LIABILITIES Accounts payable 80,625 Unearned revenue 1,638 Deposits payable 500 Accrued interest payable 187,303 Non-current liabilities:

Due within one year 290,000 Due in more than one year 8,105,000

Total liabilities 8,665,066

NET POSITIONNet investment in capital assets 25,348,401 Restricted for debt service 512,865 Unrestricted 597,638

Total net position 26,458,904$

Governmental Activities

See notes to the financial statements

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STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Functions/Programs ExpensesGovernmental activities:

General government 564,719$ 564,719$ -$ -$ -$ Maintenance and operations 1,305,533 667,698 - 1 (637,834) Interest on long-term debt 459,008 842,123 14,410 - 397,525

Total governmental activities 2,329,260 2,074,540 14,410 1 (240,309)

General revenues:Unrestricted investment earnings 20,986 Miscellaneous 22,455

Total general revenues 43,441 Change in net position (196,868) Net position - beginning 26,655,772 Net position - ending 26,458,904$

Program Revenues

Charges for Services

Operating Grants and

Contributions

Capital Grants and

ContributionsGovernmental

Activities

Net (Expense) Revenue and

Changes in Net Position


9


BALANCE SHEET GOVERNMENTAL FUNDS

SEPTEMBER 30, 2019

GeneralASSETSCash 62,968$ -$ -$ 62,968$ Investments 497,649 752,537 29 1,250,215 Assessments receivable 2,516 1,528 - 4,044 Interest receivable - 1,115 - 1,115 Due from other funds 20,513 - - 20,513 Deposits 24,463 - - 24,463 Prepaid items 37,793 - - 37,793

Total assets 645,902$ 755,180$ 29$ 1,401,111$

LIABILITIES AND FUND BALANCESLiabilities:

Accounts payable 46,126$ 34,499$ -$ 80,625$ Unearned revenue 1,638 - - 1,638 Deposits payable 500 - - 500 Due to other funds - 20,513 - 20,513

Total liabilities 48,264 55,012 - 103,276

Fund balances:Nonspendable:

Prepaid items and deposits 62,256 - - 62,256 Restricted for:

Debt service - 700,168 - 700,168 Capital projects - - 29 29

Assigned to:Capital reserve 461,219 - - 461,219

Unassigned 74,163 - - 74,163 Total fund balances 597,638 700,168 29 1,297,835

Total liabilities and fund balances 645,902$ 755,180$ 29$ 1,401,111$

Total Governmental

Funds

Major Funds

Debt ServiceCapital

Projects


10


RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION

SEPTEMBER 30, 2019

Total fund balances - governmental funds $ 1,297,835 Amounts reported for governmental activities in the statement of

net position are different because:

Capital assets used in governmental activities are notfinancial resources and, therefore, are not reported as assetsin the governmental funds. The statement of net positionincludes those capital assets, net of any accumulateddepreciation, in the net position of the government as a whole.

Cost of capital assets 37,106,469 Accumulated depreciation (3,363,097) 33,743,372

Liabilities not due and payable from current availableresources are not reported as liabilities in the governmentalfund statements. All liabilities, both current and long-term,are reported in the government-wide financial statements.

Accrued interest payable (187,303)Bonds payable (8,395,000) (8,582,303)

Net position of governmental activities $ 26,458,904


11


STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

`

GeneralREVENUESAssessments 1,232,417$ 842,123$ -$ 2,074,540$ Interest 20,986 14,410 1 35,397 Miscellaneous 22,455 - - 22,455

Total revenues 1,275,858 856,533 1 2,132,392

EXPENDITURESCurrent:

General government 530,220 34,499 - 564,719 Maintenance and operations 842,718 - - 842,718

Debt service:Principal - 350,000 - 350,000 Interest - 466,356 - 466,356

Capital outlay 58,364 - - 58,364 Total expenditures 1,431,302 850,855 - 2,282,157

Excess (deficiency) of revenuesover (under) expenditures (155,444) 5,678 1 (149,765)

Fund balances - beginning 753,082 694,490 28 1,447,600

Fund balances - ending 597,638$ 700,168$ 29$ 1,297,835$

Major Funds Total Governmental

FundsDebt ServiceCapital

Projects


12


RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES


Net change in fund balances - total governmental funds $ (149,765)Amounts reported for governmental activities in the statement of activities

are different because:

Governmental funds report capital outlays as expenditures; however,the cost of capital assets is eliminated in the statement of activitiesand capitalized in the statement of net position. 58,364

Depreciation of capital assets is not recognized in the governmentalfund financial statements, but is reported as an expense in thestatement of activities. (462,815)

Repayment of long-term liabilities are reported as expenditures in thegovernmental fund financial statements, but such repayments reduceliabilities in the statement of net position and are eliminated in thestatement of activities. 350,000

The change in accrued interest on long-term liabilities between thecurrent and prior fiscal years is recorded in the statement of activities,but not in the governmental fund financial statements. 7,348

Change in net position of governmental activities $ (196,868)


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NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY Lake Ashton II Community Development District ("District") was created on March 2, 2005 by Ordinance 05-005 of Polk County, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, and was thereafter expanded by Ordinance 05-042 on July 27, 2005. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District. The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by qualified electors of the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. The Board has the final responsibility for: 1. Allocating and levying assessments. 2. Approving budgets. 3. Exercising control over facilities and properties. 4. Controlling the use of funds generated by the District. 5. Approving the hiring and firing of key personnel. 6. Financing improvements. The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Government-Wide and Fund Financial Statements The basic financial statements include both government-wide and fund financial statements. The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due. Assessments Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, Florida Statutes). Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the Bond documents. Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. The District reports the following major governmental funds: General Fund The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund. Debt Service Fund The debt service funds are used to account for the accumulation of resources for the annual payment of principal and interest on debt. Capital Projects Fund This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District. As a general rule, the effect of inter-fund activity has been eliminated from the government-wide financial statements. When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

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NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity Restricted Assets These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions Deposits and Investments The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing). The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

a) The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;

b) Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;

c) Interest bearing time deposits or savings accounts in qualified public depositories; d) Direct obligations of the U.S. Treasury.

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a“2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes. Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles. Prepaid Items Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. Capital Assets Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets Years Infrastructure 30

Equipment and other 10

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NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity (Continued) Capital Assets (Continued) In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements. Unearned Revenue Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned. Long-Term Obligations In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred. In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. Fund Equity/Net Position In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change. The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category. Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

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NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Assets, Liabilities and Net Position or Equity (Continued) Fund Equity/Net Position (Continued) Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components. Other Disclosures Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. NOTE 3 – BUDGETARY INFORMATION The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end. The District follows these procedures in establishing the budgetary data reflected in the financial statements. a) Each year the District Manager submits to the District Board a proposed operating budget for the fiscal

year commencing the following October 1. b) Public hearings are conducted to obtain comments. c) Prior to October 1, the budget is legally adopted by the District Board. d) All budget changes must be approved by the District Board. e) The budgets are adopted on a basis consistent with generally accepted accounting principles. f) Unused appropriation for annually budgeted funds lapse at the end of the year. NOTE 4 – DEPOSITS AND INVESTMENTS Deposits The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses. Investments The District’s investments were held as follows at September 30, 2019:

Amortized Credit Risk Maturities

497,649$ S&P AAAm Fidelity Govt Portfolio Cl III 752,566 Not available Not available

1,250,215$

Investment in Local Government Surplus FundsTrust Fund (Florida PRIME)

Weighted average of the fund portfolio: 37 days

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NOTE 4 – DEPOSITS AND INVESTMENTS (Continued) Investments (Continued) Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments. Concentration risk – The District places no limit on the amount the District may invest in any one issuer. Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates. However, the Bond Indenture limits the type of investments held using unspent proceeds. Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques. These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:

• Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;

• Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,

• Level 3: Investments whose inputs are unobservable. The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs. Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above. External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.” With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made. As of September 30, 2019, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

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NOTE 5 – INTERFUND RECEIVABLES AND PAYABLES Interfund receivables and payables at September 30, 2019 were as follows:

Fund Receivable PayableGeneral 20,513$ -$ Debt service - 20,513

Total 20,513$ 20,513$

The outstanding balances between funds result primarily from the time lag between the dates that transactions are recorded in the accounting system and payments between funds are made. In the case of the District, the balances between the general fund and the debt service fund relate to assessments held in the debt service fund that have not yet been transferred to the general fund. NOTE 6 – CAPITAL ASSETS Capital assets activity for the fiscal year ended September 30, 2019 was as follows:

Governmental activitiesCapital assets, not being depreciated

Land & land improvements 23,308,813$ -$ -$ 23,308,813$ Infrastructure in progress 185,113 - 185,113 -

Total capital assets, not being depreciated 23,493,926 - 185,113 23,308,813

Capital assets, being depreciatedInfrastructure 13,522,004 91,852 - 13,613,856 Equipment and other 32,175 151,625 - 183,800

Total capital assets, being depreciated 13,554,179 243,477 - 13,797,656

Less accumulated depreciation for:Infrastructure 2,892,486 453,525 - 3,346,011 Equipment and other 7,796 9,290 - 17,086

Total accumulated depreciation 2,900,282 462,815 - 3,363,097

Total capital assets, being depreciated, net 10,653,897 (219,338) - 10,434,559

Governmental activities capital assets 34,147,823$ (219,338)$ 185,113$ 33,743,372$

Ending Balance

Beginning Balance Increases Decreases

Depreciation expense was charged to the maintenance and operations function. NOTE 7 – LONG TERM LIABILITIES Series 2005 On August 5, 2005, the District issued $22,525,000 of Capital Improvement Revenue Bonds, Series 2005 consisting of $7,705,000 Term Bonds Series 2005A due on May 1, 2036 with a fixed interest rate of 5.375% and $14,820,000 Term Bonds Series 2005B due in November 1, 2010 with a fixed interest rate of 4.875%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2007 through May 1, 2036. The Series 2005B Bonds have been fully paid off. The Series 2005A Bonds are subject to redemption at the option of the District prior to their maturity on or after May 1, 2014. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

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NOTE 7 – LONG TERM LIABILITIES (Continued) Series 2005 (Continued) The Bond Indenture established a debt service reserve requirement as well as other 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. The District was in compliance with the requirements at September 30, 2019. Series 2006 On November 20, 2006, the District issued $25,445,000 of Capital Improvement Revenue Bonds, Series 2006 consisting of $5,025,000 Term Bonds Series 2006A due on May 1, 2038 with a fixed interest rate of 5.300% and $20,420,000 Term Bonds Series 2006B due in November 1, 2011 with a fixed interest rate of 5.000%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2009 through May 1, 2038. The Series 2006B Bonds have been fully paid off. The Series 2006A Bonds are subject to redemption at the option of the District prior to their maturity on or after May 1, 2016. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. The Bond Indenture established 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. The District was in compliance with the requirements at September 30, 2019. Long-term debt activity Changes in long-term liability activity for the fiscal year ended September 30, 2019 were as follows:

Increases DecreasesGovernmental activitiesBonds payable:

Series 2005 4,900,000$ -$ 200,000$ 4,700,000$ 175,000$ Series 2006 3,845,000 - 150,000 3,695,000 115,000

Total 8,745,000$ -$ 350,000$ 8,395,000$ 290,000$

Beginning Balance

Ending Balance

Due Within One Year

At September 30, 2019, the scheduled debt service requirements on the long-term debt were as follows:

Principal Interest Total2020 290,000$ 449,528$ 739,528$ 2021 310,000 434,026 744,026 2022 325,000 417,458 742,458 2023 340,000 400,086 740,086 2024 360,000 381,913 741,913

2025-2029 2,115,000 1,598,750 3,713,750 2030-2034 2,765,000 968,298 3,733,298 2035-2038 1,890,000 216,088 2,106,088

Total 8,395,000$ 4,866,147$ 13,261,147$

Governmental ActivitiesYear ending September 30:

NOTE 8 – DEVELOPER TRANSACTIONS The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer.

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NOTE 9 – CONCENTRATION 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 10 – INTERLOCAL AGREEMENT In a prior year, the District and Lake Ashton Community Development District (the “Parties”) entered into an interlocal agreement whereby the Parties agreed to grant non-exclusive right to their residents of the Amenities located within each Party’s boundaries. Furthermore, the Parties agreed to jointly construct certain roadway connections and that the actual costs associated with the maintenance and operation of the roadways that have been incurred and paid will be prorated between the Parties based on the number of platted lots that have been approved as of September 15 of each fiscal year. This occurred in a prior fiscal year as Lake Ashton CDD performed certain roadways repairs costing a total of $292,300 and billed the District $79,929 for its portion of the cost. This amount has been paid in full. During a prior fiscal year, the Interlocal Agreement with Lake Ashton CDD was amended to automatically make all current and future roadways and appurtenances owned by and located within each District subject to the Interlocal Agreement as of the date of acquisition or control by the respective District without need for further amendment. Also, the Districts agreed to each reimburse the other for prior roadway costs paid under the Interlocal Agreement to the other District. Accordingly, the District was reimbursed $190,219 during a prior fiscal year. NOTE 11 – MANAGEMENT COMPANY The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs. NOTE 12 – RISK MANAGEMENT The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years. NOTE 13 – SUBSEQUENT EVENTS Golf Course Acquisition Subsequent to fiscal year end the District partnered with Lake Ashton Community Development District (“Lake Ashton”) for the joint purchase and acquisition of a golf course. In accordance with the purchase the District has entered into an interlocal agreement with Lake Ashton whereby Lake Ashton has paid the District a sum of $115,000 at closing and will pay another $115,000 in one year from the date of closing. In exchange, Lake Ashton acquired a portion of the golf course located within its boundaries, which it has leased back to the District to operate. The District purchased the Golf Course at a purchase price of $477,000, subject to adjustments at closing, and entered into a promissory note agreement with a total principal balance of $638,379, bearing interest at 3%, and payable in five annual installments over the period of January 5, 2021 through January 5, 2025. The District will solely base the costs of operation and maintenance of the golf course, except for the Golf Course’s pathways, bridges, and ponds located within the East Golf Course that are to be funded by Lake Ashton..

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SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND


Original REVENUESAssessments 1,218,686$ 1,232,417$ 13,731$ Interest 1,500 20,986 19,486 Rental Fees 5,000 8,798 3,798 Miscellaneous - 13,657 13,657

Total revenues 1,225,186 1,275,858 50,672

EXPENDITURESCurrent:

General government 125,461 530,220 (404,759)Maintenance and operations 985,983 842,718 143,265

Capital outlay 383,636 58,364 325,272Total expenditures 1,495,080 1,431,302 63,778

Excess (deficiency) of revenuesover (under) expenditures (269,894) (155,444) 114,450

OTHER FINANCING SOURCES Carry forward 269,894 - (269,894)

Total other financing sources 269,894 - (269,894)

Net change in fund balances -$ (155,444) (155,444)$

Fund balance - beginning 753,082

Fund balance - ending 597,638$

Budgeted Amounts

Variance with Final Budget -

Positive (Negative)Actual Amounts

See notes to required supplementary information

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NOTES TO REQUIRED SUPPLEMENTARY INFORMATION The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles). The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019


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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

To the Board of Supervisors Lake Ashton II Community Development District Polk County, 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 the governmental activities and each major fund of Lake Ashton II Community Development District, Polk County, Florida (“District”) as of and for the fiscal year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 19, 2020. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the 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 the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the 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 a 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.

Compliance and Other Matters As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and 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.

25

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.

June 19, 2020


26

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors Lake Ashton II Community Development District Polk County, Florida We have examined Lake Ashton II Community Development District, Polk County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2019. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on 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. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements. In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2019. This report 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, management, and the Board of Supervisors of Lake Ashton II Community Development District, Polk County, Florida and is not intended to be and should not be used by anyone other than these specified parties. June 19, 2020


27

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors Lake Ashton II Community Development District Polk County Report on the Financial Statements We have audited the accompanying basic financial statements of Lake Ashton II Community Development District, Polk County, Florida ("District") as of and for the fiscal year ended September 30, 2019, and have issued our report thereon dated June 19, 2020. Auditor’s Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America; 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 the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 19, 2020, should be considered in conjunction with this management letter. Purpose of this Letter The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following: I. Current year findings and recommendations. II. Status of prior year findings and recommendations. III. Compliance with the Provisions of the Auditor General of the State of Florida. 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, as applicable, management, and the Board of Supervisors of Lake Ashton II Community Development District, Polk County, Florida and is not intended to be and should not be used by anyone other than these specified parties. We wish to thank Lake Ashton II Community Development District, Polk County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

June 19, 2020

28

REPORT TO MANAGEMENT I. CURRENT YEAR FINDINGS AND RECOMMENDATIONS None

II. PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None III. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following: 1. A statement as to whether or not corrective actions have been taken to address findings and

recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2018.

2. Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2019.

3. 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.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2019.

4. The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

5. The District has not met one or more of the financial emergency conditions described in Section

218.503(1), Florida Statutes.

6. We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2019. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

SECTION VI

SECTION C

SECTION 1

Budget Last Year Budget Last YearActual Budget Variance Last Year Variance Actual Budget Variance Last Year Variance

Rounds118 3,154 (3,036) 0 118 Rounds ‐ Member 118 3,154 (3,036) 0 1180 0 0 0 0 Rounds ‐ Outing 0 0 0 0 093 84 9 0 93 Rounds ‐ Public 93 84 9 0 93

========================================================================================== ================== ================== ================== ================== ==================211 3,238 (3,027) 0 211 Total Rounds 211 3,238 (3,027) 0 211

Revenue3,653 3,762 (109) 0 3,653 Green Fees 3,653 3,762 (109) 0 3,653

88 0 88 0 88 Driving Range 88 0 88 0 882,531 9,972 (7,441) 0 2,531 Pro Shop Sales 2,531 9,972 (7,441) 0 2,5311,654 12,005 (10,351) 0 1,654 Food (Food & Soft Drinks) 1,654 12,005 (10,351) 0 1,6541,549 10,490 (8,941) 0 1,549 Beverages (Alcohol) 1,549 10,490 (8,941) 0 1,549(2,134) 0 (2,134) 0 (2,134) Other Food & Beverage Revenue (2,134) 0 (2,134) 0 (2,134)

45 0 45 0 45 Other Golf Revenues (Club Rent, Hand 45 0 45 0 452,019 0 2,019 0 2,019 Intiation Fee Income / Annual Membe 2,019 0 2,019 0 2,019(54) 0 (54) 0 (54) Miscellaneous Income and Discounts (54) 0 (54) 0 (54)

====================================================== ==================================== ================== ================== ================== ================== ==================9,351 36,229 (26,878) 0 9,351 Total Revenue 9,351 36,229 (26,878) 0 9,351

Cost of Sales10,091 7,977 (2,113) 0 (10,091) COGS ‐ Pro Shop 10,091 7,977 (2,113) 0 (10,091)1,426 5,402 3,976 0 (1,426) COGS ‐ Food 1,426 5,402 3,976 0 (1,426)(244) 0 244 0 244 COGS ‐ Non‐Alcoholic Beverages (244) 0 244 0 244(388) 3,671 4,059 0 388 COGS ‐ Alcohol (388) 3,671 4,059 0 388

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐10,885 17,051 6,166 0 (10,885) Total Cost of Sales 10,885 17,051 6,166 0 (10,885)

====================================================== ==================================== ================== ================== ================== ================== ==================

(1,534) 19,178 (20,712) 0 (1,534) GROSS INCOME (1,534) 19,178 (20,712) 0 (1,534)

Labor6,659 13,399 6,739 0 (6,659) Golf Operation Labor 6,659 13,399 6,739 0 (6,659)

34,500 35,526 1,025 0 (34,500) Maintenance and Landscaping 34,500 35,526 1,025 0 (34,500)5,953 8,897 2,943 0 (5,953) F&B 5,953 8,897 2,943 0 (5,953)

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐47,113 57,821 10,708 0 (47,113) Total Direct Labor 47,113 57,821 10,708 0 (47,113)

5,266 6,071 806 0 (5,266) Total Payroll Taxes 5,266 6,071 806 0 (5,266)(1,597) 5,734 7,331 0 1,597 Total Medical/Health Benefits (1,597) 5,734 7,331 0 1,5971,130 0 (1,130) 0 (1,130) Total Workmans Comp 1,130 0 (1,130) 0 (1,130)

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐4,798 11,805 7,007 0 (4,798) Total Payroll Burden 4,798 11,805 7,007 0 (4,798)

====================================================== ==================================== ================== ================== ================== ================== ==================

51,911 69,626 17,715 0 (51,911) Total Labor 51,911 69,626 17,715 0 (51,911)

Other Operational Expenses399 1,265 867 0 (399) Golf Ops 399 1,265 867 0 (399)

16,520 21,482 4,963 0 (16,520) G&A 16,520 21,482 4,963 0 (16,520)31,738 84,894 53,156 0 (31,738) Maintenance 31,738 84,894 53,156 0 (31,738)

538 2,885 2,347 0 (538) F&B 538 2,885 2,347 0 (538)300 460 160 0 (300) Sales and Marketing 300 460 160 0 (300)

0 5,583 5,583 0 0 Taxes ‐ Real Estate 0 5,583 5,583 0 0

Lake Ashton Golf ClubFor the Month Ending May 31st, 2020

May YTD

0 500 500 0 0 Taxes ‐ Personal Property 0 500 500 0 0843 4,000 3,157 0 (843) Insurance ‐ P&C 843 4,000 3,157 0 (843)

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐50,338 121,070 70,732 0 (50,338) Total Other Operational Expenses 50,338 121,070 70,732 0 (50,338)

====================================================== ==================================== ================== ================== ================== ================== ==================102,248 190,696 88,447 0 (102,248) Total Expenses 102,248 190,696 88,447 0 (102,248)

====================================================== ==================================== ================== ================== ================== ================== ==================

(103,783) (171,518) 67,736 0 (103,783) EBITDAR (103,783) (171,518) 67,736 0 (103,783)====================================================== ==================================== ================== ================== ================== ================== ==================

(103,783) (171,518) 67,736 0 (103,783) EBITDA (103,783) (171,518) 67,736 0 (103,783)

Interest Expense/Dep&Amt6,404 0 (6,404) 0 (6,404) Other Expense 6,404 0 (6,404) 0 (6,404)

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐6,404 0 (6,404) 0 (6,404) Total Interest Expense 6,404 0 (6,404) 0 (6,404)

====================================================== ==================================== ================== ================== ================== ================== ==================

(110,187) (171,518) 61,331 0 (110,187) Net Income (110,187) (171,518) 61,331 0 (110,187)

SECTION VII

Date Check Numbers Amount

5/19/20 2971 $4,771.16

5/20/20 2972-2989 $38,177.53

5/29/20 2990-3001 $16,755.52

6/2/20 3002-3003 $340.00

6/10/20 3004-3009 $16,238.79

6/19/20 3010-3020 $17,808.66

6/24/20 3021-3035 $33,921.06

Total $128,012.72

Check Run Summary CR

Date Check Numbers Amount

4/20/20 63 $20,000.00

5/29/20 64 $4,300.00

6/24/20 65-66 $22,538.98

Total $46,838.98

5/2/2020-06/25/2020

LAKE ASHTON IICOMMUNITY DEVELOPMENT DISTRICT

Check Run Summary GF

AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 6/25/20 PAGE 1*** CHECK NOS. 002971-050000 LAKE ASHTON II - GENERAL FUND

BANK A LAKE ASHTON II - GF

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

5/19/20 00226 4/16/20 631 202005 320-57200-49000 * 4,771.16DEPOSIT-CARGO LIFT

LIFT LLC.COM 4,771.16 002971- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00092 4/30/20 185137 202004 320-57200-46500 * 970.00

SVCS 04/20APPLIED AQUATIC MANAGEMENT, INC. 970.00 002972

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SVCS 05/11-06/10BRIGHT HOUSE NETWORKS 726.40 002973

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IT SVCS 04/22-04/27RYAN A BUSWELL 122.50 002974

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00140 5/18/20 05182020 202005 320-57200-34100 * 420.00

IT SVCS 05/07-05/18RYAN A BUSWELL 420.00 002975

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00084 5/01/20 AR514240 202005 320-57200-51000 * 431.93

COPIER LEASEDEX IMAGING 431.93 002976

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00068 5/04/20 042020 202004 320-57200-34100 * 37.50

CLASS INSTRUCTIONPAULETTE EDMONDS 37.50 002977

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00003 4/28/20 69977375 202004 310-51300-42000 * 73.22

DELIVERIES THRU 04/23FEDEX 73.22 002978

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00070 4/07/20 848313 202004 320-57200-34800 * 79.00

SVCS 04/205/06/20 8492795 202005 320-57200-34800 * 128.00

SVCS 5/06/20FLORIDA PEST CONTROL 207.00 002979

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MGT FEES 05/205/01/20 43 202005 310-51300-35100 * 83.33

INFORMATION TECHNOLOGY5/01/20 43 202005 310-51300-31300 * 500.00

DISSEMINATION AGENT SVCS5/01/20 43 202005 310-51300-51000 * 51.31

DEPOSIT BOOKSGMS-CENTRAL FLORIDA, LLC 4,497.14 002980

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

LKA2 LAKE ASHTON 2 SROSINA




5/20/20 00022 5/11/20 19589 202005 310-51300-32200 * 500.00AUDIT FYE 09/30/19

GRAU & ASSOCIATES 500.00 002981- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00069 5/04/20 05042020 202004 320-57200-34100 * 175.00

CLASS INSTRUCTIONLAURIE HEVERLY 175.00 002982

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SVCS 05/20POOLSURE 567.32 002983

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00150 4/30/20 1710140 202004 310-51300-31100 * 810.00

SVCS THRU 04/30/20RAYL ENGINEERING & SURVEYING, LLC 810.00 002984

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SVCS 03/19/20RUPERTAN 532.50 002985

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00152 4/30/20 E4637864 202004 320-57200-34500 * 4,671.88

SVCS 04/24-04/305/07/20 E4642201 202005 320-57200-34500 * 4,671.88

SVCS 05/01-05/075/14/20 E4647200 202005 320-57200-34500 * 4,671.88

SCS 05/08-05/14SECURITAS SECURITY SERVICES USA,INC 14,015.64 002986

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/20/20 00091 4/20/20 26333 202004 320-57200-49300 * 600.00

ANNU FIRE SPRINKLER INSPESTATE FIRE EXT SERVICE INC 600.00 002987

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SVCS 05/2020TAMPA ELECTRIC COMPANY 9,946.73 002988

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PURCHASES THRU 05/03/20WELLS FARGO 3,544.65 002989

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HEALTH INS SUPP 05/20MARY BOSMAN 250.00 002990

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AMORTIZATION SCHEDULEDISCLOSURE SERVICES LLC 500.00 002991

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





5/29/20 00086 4/22/20 5025508 202004 320-57200-46020 * 60.00SUPPLIES

4/22/20 5025549 202004 300-13100-10400 * 65.92SUPPLIES

4/22/20 5025549 202004 320-57200-46020 * 37.11SUPPLIES

4/22/20 5025549 202004 320-57200-46000 * 65.92SUPPLIES

4/22/20 5025549 202004 300-20700-10000 * 65.92-SUPPLIES

4/28/20 9030447 202004 320-57200-46020 * 254.71SUPPLIES

5/05/20 2020893 202005 320-57200-46030 * 35.16

5/05/20 2020893 202005 320-57200-46020 * 3.52

5/05/20 2020893 202005 320-57200-49000 * 15.23

5/06/20 1021048 202005 320-57200-49000 * 79.81SUPPLIES

5/06/20 1021048 202005 320-57200-46020 * 55.04SUPPLIES

5/18/20 9022205 202005 320-57200-46020 * 76.46SUPPLIES

5/19/20 8010625 202005 320-57200-46020 * 73.52SUPPLIES

5/20/20 7022535 202005 320-57200-46020 * 29.12SUPPLIES

HOME DEPOT CREDIT SERVICES 785.60 002992- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/29/20 00191 5/22/20 114807 202004 310-51300-31500 * 7,948.17

SVCS THRU 04/205/22/20 114808 202004 310-51300-49200 * 780.82

SVCS THRU 04/20HOPPING GREEN & SAMS ATTORNEYS 8,728.99 002993

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/29/20 00126 1/01/20 012020 202001 320-57200-46010 * 400.00

SVCS 01/204/01/20 042020 202004 320-57200-46010 * 447.00

SVCS 04/20MAGIC GENIE CLEANING SERVICES, INC. 847.00 002994

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/29/20 00170 5/29/20 05292020 202004 320-57200-46050 * 66.49

MILEAGE REIMB 03/27-05/18JAMES MARGESON 66.49 002995

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





5/29/20 00170 5/01/20 052020 202005 320-57200-23000 * 250.00HEALTH INS SUPP 05/20

JAMES MARGESON 250.00 002996- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/29/20 00193 5/06/20 10014 202005 320-57200-34530 * 183.00

SVCS 05/20PERFORMANCE PLUS CARTS 183.00 002997

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/29/20 00080 5/14/20 65400094 202006 320-57200-34900 * 198.67

SVCS 06/20REPUBLIC SERVICES #654 198.67 002998

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/29/20 00152 5/21/20 E4651394 202005 320-57200-34500 * 4,671.88

SVCS 05/15-05/21SECURITAS SECURITY SERVICES USA,INC 4,671.88 002999

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/29/20 00087 5/29/20 052020 202005 320-57200-23000 * 135.21

HEALTH INS SUPP 05/20KAREN VANKIRK 135.21 003000

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/29/20 00119 5/08/20 50103557 202006 320-57200-51000 * 138.68

COPIER LEASEWELLS FARGO VENDOR FIN SERV 138.68 003001

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/02/20 00140 6/01/20 06012020 202005 320-57200-34100 * 227.50

IT SVCS 05/20RYAN A BUSWELL 227.50 003002

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/02/20 00068 6/01/20 052020 202005 320-57200-34100 * 112.50

4.5 CLASS INSTRUCTIONSPAULETTE EDMONDS 112.50 003003

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/10/20 00003 5/26/20 70209813 202005 310-51300-31100 * 60.30

DELIVERIES THRU 05/216/02/20 70268185 202005 310-51300-42000 * 19.42

DELIVERIES THRU 05/28FEDEX 79.72 003004

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/10/20 00155 6/10/20 53-BID-4 202006 320-57200-49300 * 280.00

POOL PERMIT 53-60-007896/10/20 53-BID-4 202006 320-57200-49300 * 140.00

POOL PERMIT 53-60-008226/10/20 53-BID-4 202006 320-57200-49300 * 140.00

POOL PERMIT 53-60-00823FLORIDA DEPARTMENT OF HEALTH 560.00 003005

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





6/10/20 00058 6/01/20 44 202006 310-51300-34000 * 3,862.50MGMT FEES 06/20

6/01/20 44 202006 310-51300-35100 * 83.33INFORMATION TECHNOLOGY

6/01/20 44 202006 310-51300-31300 * 500.00DISSEMINATION AGT SVCS

6/01/20 44 202006 310-51300-51000 * 20.00OFFICE SUPPLIES

6/01/20 44 202006 310-51300-42000 * 35.50POSTAGE

6/01/20 44 202006 310-51300-42500 * 248.55COPIES

GMS-CENTRAL FLORIDA, LLC 4,749.88 003006- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/10/20 00193 6/03/20 257468 202006 320-57200-34530 * 196.00

MAINT/REPAIRSPERFORMANCE PLUS CARTS 196.00 003007

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/10/20 00150 5/31/20 1710141 202005 310-51300-31100 * 1,010.38

SVC THRU 05/31/20RAYL ENGINEERING & SURVEYING, LLC 1,010.38 003008

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/10/20 00152 5/28/20 E4655254 202005 320-57200-34500 * 4,970.93

SVCS 05/22-05/286/04/20 E4661920 202006 320-57200-34500 * 4,671.88


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00081 6/01/20 060120 202006 320-57200-23000 * 250.00

JUNE 20 HEALTH INSURANCEMARY BOSMAN 250.00 003010

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00140 6/15/20 06152020 202006 320-57200-34100 * 245.00

IT SERVICES6/15/20 06152020 202006 320-57200-12100 * 640.40

POOL MONITORRYAN A BUSWELL 885.40 003011

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00170 6/01/20 060120 202006 320-57200-23000 * 250.00

JUNE 20 HEALTH INSURANCEAJAMES MARGESON 250.00 003012

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00087 6/01/20 060120 202006 320-57200-23000 * 135.21

JUNE 20 HEALTH INSURANCEKAREN VANKIRK 135.21 003013

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





6/19/20 00218 6/03/20 3184-052 202005 300-13100-10400 * 287.19CC PURCHASES THRU 06/01

6/03/20 3184-052 202005 300-20700-10000 * 287.19-CC PURCHASES THRU 06/01

6/03/20 3184-052 202005 340-57200-51100 * 141.25CC PURCHASES THRU 06/01








WELLS FARGO 1,936.30 003014- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00003 6/09/20 70337629 202006 310-51300-42000 * 28.41

DELIVERIES THRU 06/02/20FEDEX 28.41 003015

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00022 6/02/20 19768 202006 310-51300-32200 * 3,000.00

AUDIT FYE 09/30/2019GRAU & ASSOCIATES 3,000.00 003016

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00191 5/31/20 115317 202005 310-51300-31500 * 5,353.46

SVCS THRU 05/205/31/20 115318 202005 310-51300-49200 * 592.00

SVCS THRU 05/20HOPPING GREEN & SAMS ATTORNEYS 5,945.46 003017

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00101 6/01/20 5605275 202006 320-57200-46400 * 567.32

SVCS 06/20POOLSURE 567.32 003018

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00152 6/11/20 E4666677 202006 320-57200-34500 * 4,671.88


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/19/20 00119 6/08/20 50107245 202007 320-57200-51000 * 138.68

COPIER LEASEWELLS FARGO VENDOR FIN SERV 138.68 003020

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





6/24/20 00051 6/17/20 31082453 202005 320-57200-43100 * 983.76POOL HEAT

AMERIGAS 983.76 003021- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00092 5/31/20 185818 202005 320-57200-46500 * 970.00

SVCS 05/206/18/20 186309 202006 320-57200-46500 * 700.00

SVCS JUNE/JULY/AUGUSTAPPLIED AQUATIC MANAGEMENT, INC. 1,670.00 003022

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00076 6/12/20 50183001 202006 320-57200-41000 * 726.40

SVCS 06/11-07/10BRIGHT HOUSE NETWORKS 726.40 003023

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00064 3/20/20 032020 202003 320-57200-43200 * 2,634.33

SVCS 03/20CITY OF WINTER HAVEN 2,634.33 003024

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00064 4/17/20 042020 202004 320-57200-43200 * 2,556.92


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00064 5/15/20 052020 202005 320-57200-43200 * 2,515.53


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00064 6/19/20 062020 202006 320-57200-43200 * 3,228.38


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00226 6/24/20 378 202006 320-57200-49000 * 4,771.16

BALANCE PAYMENT-CARGO LIFLIFT LLC.COM 4,771.16 003028

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00080 6/14/20 65400095 202007 320-57200-34900 * 194.85

SVCS 07/01-07/31REPUBLIC SERVICES #654 194.85 003029

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00152 6/18/20 E4669305 202006 320-57200-34500 * 4,671.88


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00091 6/02/20 26545 202006 320-57200-34510 * 94.90

FIRE EXTINGUISHER INSPECTSTATE FIRE EXT SERVICE INC 94.90 003031

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





6/24/20 00062 6/12/20 062020 202006 320-57200-43000 * 9,600.25SVCS 06/20

TAMPA ELECTRIC COMPANY 9,600.25 003032- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00048 6/18/20 197990 202006 320-57200-34510 * 39.95

GATE SVC 06/20THE HARTLINE ALARM COMPANY,INC. 39.95 003033

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00005 5/18/20 L060G0J6 202005 310-51300-48000 * 59.00

NOTICE OF QUALIFING PERIOTHE LEDGER/NEWS CHIEF 59.00 003034

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00005 5/20/20 L060G0J8 202005 310-51300-48000 * 173.75

NOTICE OF MEETINGTHE LEDGER/NEWS CHIEF 173.75 003035

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

TOTAL FOR BANK A 128,012.72

TOTAL FOR REGISTER 128,012.72


AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 6/25/20 PAGE 1*** CHECK NOS. 000063-050000 LAKE ASHTON II - CAPITAL PROJC

BANK B LAKE ASHTON II - CR


4/20/20 00014 4/17/20 052020 202005 600-53800-68029 * 20,000.00POOL&PATIO RESURFACE DEPO

POOL & PATIO CENTER 20,000.00 000063- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5/29/20 00023 3/19/20 8795 202003 600-53800-64000 * 4,300.00

DEMO & RE-POUR CURB INLETS & S CONTRACTING INC 4,300.00 000064

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00002 6/01/20 A006003 202006 600-53800-60000 * 1,060.00

PREVENTATIVE MAINT 06/20COMMERCIAL FITNESS PRODUCTS 1,060.00 000065

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6/24/20 00014 5/27/20 05272020 202005 600-53800-68029 * 21,478.98

POOL REFINISH-BALANCEPOOL & PATIO CENTER 21,478.98 000066

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

TOTAL FOR BANK B 46,838.98

TOTAL FOR REGISTER 46,838.98


Lake Ashton II CDDSpecial Assessment Receipts

Fiscal Year Ending September 30, 202062.99% 20.67% 16.34%

$1,282,133.20 $420,725.52 $332,500.00 $753,225.52O&M Debt .36300.10000 .36300.10000 .36300.10200

Date Collection O&M O&M Debt Svc Debt Svc Discounts/ Discounts/ Commissions Net Amount General Fund 05A Debt Svc Fund 06A Debt Svc Fund Debt TotalReceived Period Receipts Interest Receipts Interest Penalties Penalties Paid Received 100.00% 55.857% 44.143% 100%

11/18/19 06/01/19-10/15/19 11,129.08$ -$ 5,018.54$ -$ 584.28$ 263.48$ 306.00$ 14,993.86$ 10,352.04$ 2,592.76$ 2,049.06$ 4,641.82$ 11/21/19 11/01/19-11/06/19 39,595.29$ -$ 18,884.40$ -$ 1,583.82$ 755.39$ 1,122.81$ 55,017.67$ 37,304.18$ 9,894.14$ 7,819.35$ 17,713.49$ 11/29/19 11/07/19-11/15/19 194,205.47$ -$ 99,596.72$ -$ 7,768.26$ 3,984.02$ 5,640.99$ 276,408.92$ 182,883.78$ 52,239.88$ 41,285.26$ 93,525.14$ 12/06/19 11/16/19-11/24/19 231,915.27$ -$ 131,128.96$ -$ 9,276.66$ 5,245.36$ 6,970.44$ 341,551.77$ 218,247.72$ 68,873.34$ 54,430.70$ 123,304.05$ 12/13/19 11/25/19-11/30/19 359,192.95$ -$ 208,633.68$ -$ 14,344.05$ 8,329.75$ 10,903.06$ 534,249.77$ 337,980.74$ 109,629.04$ 86,639.99$ 196,269.03$ 01/15/20 12/01/19-12/31/19 388,028.00$ -$ 253,691.29$ -$ 11,678.60$ 7,635.83$ 12,448.10$ 609,956.76$ 368,507.97$ 134,864.88$ 106,583.91$ 241,448.79$ 01/31/20 INTEREST -$ 662.24$ -$ 388.85$ -$ -$ -$ 1,051.09$ 662.24$ 217.20$ 171.65$ 388.85$ 02/14/20 01/01/20-01/31/20 20,740.39$ -$ 13,844.08$ -$ 414.81$ 276.89$ 677.85$ 33,214.92$ 19,898.58$ 7,438.04$ 5,878.30$ 13,316.34$ 03/13/20 02/01/20-02/29/20 5,656.47$ -$ 2,526.88$ -$ 56.57$ 25.28$ 162.03$ 7,939.47$ 5,497.83$ 1,363.81$ 1,077.82$ 2,441.64$ 04/15/20 03/01/20-03/31/20 16,586.36$ -$ 9,806.89$ -$ 18.86$ 12.63$ 527.24$ 25,834.52$ 16,235.38$ 5,361.75$ 4,237.40$ 9,599.15$ 04/30/20 INTEREST -$ 36.24$ -$ 22.06$ -$ -$ -$ 58.30$ 36.24$ 12.32$ 9.74$ 22.06$ 05/15/20 04/01/20-04/30/20 3,770.98$ -$ 2,526.88$ -$ (56.56)$ (37.90)$ 127.85$ 6,264.47$ 3,747.01$ 1,406.17$ 1,111.30$ 2,517.47$

1,270,820.26$ 698.48$ 745,658.32$ 410.91$ 45,669.35$ 26,490.73$ 38,886.35$ 1,906,541.54$ 1,201,353.72$ 393,893.34$ 311,294.49$ 705,187.82$

BALANCE REMAINING $11,312.94 $7,567.20

Date CK# 2005A 2006A11/25/19 2748/2749 12,483.90$ 9,868.41$ 12/11/19 2769/2770 121,116.22$ 95,715.96$ 1/24/20 2833/2834 134,864.88$ 106,583.91$ 2/26/20 2883/2884 109,846.24$ 86,811.65$

378,311.24$ 298,979.93$

Due To DSF 2005A 15,582.10$ V# 16 001.300.20700.10100Due to DSF 2006A 12,314.56$ V# 168 001.300.20700.10300

Gross Percent Collected 99.07%Balance Due $18,880.14


BALANCE SHEET

MAJOR FUNDS TOTAL DEBT CAPITAL GOVERNMENTAL GENERAL SERVICE PROJECTS FUNDS

ASSETS: CASH $401,287 --- $19,736 $421,023PETTY CASH $100 --- --- $100DUE FROM GOLF COURSE FUND $11,856 --- --- $11,856DUE FROM DEBT SERVICE FUND --- $27,897 -- $27,897DUE FROM CAPITAL RESERVE $244 --- --- $244INVESTMENT - STATE BOARD - SURPLUS FUNDS $195,922 --- $363,119 $559,041

SERIES 2005ARESERVE A --- $271,929 --- $271,929INTEREST A --- $5,385 --- $5,385PREPAYMENT A --- $38,623 --- $38,623REVENUE A --- $86,681 --- $86,681DEFERRED COST A/B --- $25,826 --- $25,826

SERIES 2006ARESERVE A --- $77,989 --- $77,989REVENUE A --- $81,306 --- $81,306PREPAYMENT A --- $85 --- $85DEFERRED COST A/B --- $3,443 --- $3,443COST OF ISSUANCE --- --- $29 $29

DEPOSITS $24,463 --- --- $24,463PREPAID EXPENDITURES $1,987 --- --- $1,987

TOTAL ASSETS $635,859 $619,164 $382,883 $1,637,907

LIABILITIES:ACCOUNTS PAYABLE $15,707 --- --- $15,707DEFERRED REVENUE $338 --- --- $338DUE TO GENERAL FUND --- --- $244 $244DUE TO DEBT SERVICE - SERIES 2005A $15,582 --- --- $15,582DUE TO DEBT SERVICE - SERIES 2006 $12,315 --- --- $12,315DUE TO GOLF COURSE (1) $48,929 --- --- $48,929

TOTAL LIABILITIES $92,870 $0 $244 $93,114 FUND BALANCES:NONSPENDABLES: PREPAID EXPENSES $1,987 --- --- $1,987 DEPOSITS - TECO $24,463 --- --- $24,463RESTRICTED FOR: DS-SERIES 2005A --- $444,026 --- $444,026 CAPITAL PROJECTS --- --- $382,639 $382,639 ASSIGNED FOR GENERAL FUND $202,533 $202,533 UNASSIGNED FOR GENERAL FUND $314,007 --- --- $314,007 UNASSIGNED FOR DS-SERIES 2006A --- $175,138 --- $175,138

TOTAL FUND BALANCES $542,990 $619,164 $382,639 $1,544,793

TOTAL LIABILITIES & FUND BALANCES $635,859 $619,164 $382,883 $1,637,907

(1) Represents legal invoice paid out of the Golf Course Fund in December 2019 that should have been paid out of the general fund for the Golf Course acquisition. Funds were transferred in June.

May 31, 2020


GENERAL FUNDSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

FOR THE PERIOD ENDED MAY 31, 2020

7ADOPTED PRORATED BUDGET ACTUAL

DESCRIPTION BUDGET THRU 05/31/20 THRU 05/31/20 VARIANCE

REVENUES: SPECIAL ASSESSMENTS - TAX COLLECTOR $1,192,384 $1,192,384 $1,201,354 $8,970SPECIAL ASSESSMENTS - DIRECT $26,303 $26,303 $26,303 $0SPECIAL ASSESSMENTS - CLOSING CREDITS $0 $0 $0 $0INTEREST EARNED $1,500 $875 $1,343 $468RENTAL FEES $5,200 $3,033 $750 ($2,283)SECURITY GUARD REVENUE $0 $0 $1,000 $1,000TABLE RENTALS $0 $0 $160 $160OFF DUTY OFFICER REVENUE $0 $0 $544 $544CONTRIBUTIONS $0 $0 $2,641 $2,641MISCELLANEOUS INCOME $0 $0 $122,075 $122,075

TOTAL REVENUES $1,225,386 $1,222,595 $1,356,170 $133,575

EXPENDITURES:

ADMINISTRATIVE:

ARBITRAGE $1,200 $600 $600 $0ANNUAL AUDIT $6,000 $3,500 $500 $3,000ATTORNEY $40,000 $23,333 $33,744 ($10,411)COMPUTER TIME $1,000 $583 $667 ($83)DISSEMINATION $6,200 $3,617 $5,000 ($1,383)DUES, LICENSES, SUBSCRIPTIONS $175 $102 $175 ($73)INSURANCE $33,036 $33,036 $31,393 $1,643LEGAL ADVERTISING $500 $292 $795 ($503)MANAGEMENT $46,350 $27,038 $30,900 ($3,863)OFFICE SUPPLIES $300 $175 $71 $104OTHER CURRENT CHARGES $2,700 $1,575 $4,600 ($3,025)GOLF COURSE STUDY $0 $0 $217,788 ($217,788)POSTAGE $1,500 $875 $1,232 ($357)PRINTING & BINDING $1,500 $875 $526 $349TELEPHONE $50 $29 $23 $6TRUSTEE FEES $6,500 $3,792 $0 $3,792CAPITAL OUTLAY $0 $0 $0 $0

TOTAL ADMINISTRATIVE $147,011 $99,421 $328,014 ($228,593)


GENERAL FUNDSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES




FIELD:

ATHLETIC EQUIPMENT $0 $0 $0 $0BUILDING CONTRACT SERVICES $53,160 $31,010 $29,292 $1,718BUILDING GROUNDS MAINTENANCE & SUPPLIES $31,350 $18,288 $23,202 ($4,915)CONTINGENCY $30,000 $17,500 $16,019 $1,481ENGINEERRING $8,000 $4,667 $11,601 ($6,934)HFC SPECIAL EVENTS $3,000 $1,750 $534 $1,216LANDSCAPE /LAKE CONTRACT SERVICES $175,222 $102,213 $117,009 ($14,796)OFFICE SUPPLIES/PRINTING/BINDING $7,000 $4,083 $7,483 ($3,400)PERMITS/INSPECTIONS $1,500 $875 $600 $275PERSONNEL EXPENSES $228,336 $133,196 $151,202 ($18,006)SECURITY CONTRACT SERVICES $252,079 $147,046 $165,850 ($18,803)UTILITIES $209,331 $122,110 $125,792 ($3,683)

TOTAL FIELD $998,978 $582,737 $648,585 ($65,848)

TOTAL PROJECT:

FIRST QUARTER OPERATING RESERVES $202,533 $118,144 $0 $118,144

TOTAL PROJECT $202,533 $118,144 $0 $118,144

TOTAL EXPENDITURES $1,348,522 $800,303 $976,599 ($176,297)

EXCESS (DEFICIENCY) OF REVENUESOVER (UNDER) EXPENDITURES ($123,135) $422,292 $379,570 ($42,722)

OTHER FINANCIANG SOURCES/(USES):

INTERFUND TRANSFER IN/(OUT)-CAPITAL RESERVE ($79,398) ($46,315) $0 $46,315GOLF COURSE CLOSING (1) $0 $0 $27,000 $27,000

TOTAL OTHER FINANCING SOURCES/(USES) ($79,398) ($46,315) $27,000 $73,315

NET CHANGE IN FUND BALANCE ($202,533) $375,977 $406,570 $30,594

FUND BALANCE - Beginning $202,533 $136,419

FUND BALANCE - Ending $0 $542,990

(1) Represents transfer of funds from Capital Reserve Fund for down payment for Golf Course Closing. Corresponding expense isrecorded under Golf Course Study expenditure above.


GENERAL FUND - FY 2020

ADOPTED BUDGET OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEPT TOTALREVENUES:

SPECIAL ASSESSMENTS $1,192,384 $0 $448,788 $706,489 $662 $19,899 $5,498 $16,272 $3,747 $0 $0 $0 $0 $1,201,354SPECIAL ASSESSMENTS-DIRECT $0 $0 $0 $0 $26,303 $0 $0 $0 $0 $0 $0 $0 $0 $26,303INTEREST EARNED $1,500 $76 $18 $170 $300 $273 $226 $153 $128 $0 $0 $0 $0 $1,343RENTAL FEES $5,200 $400 $150 $0 $0 $200 $0 $0 $0 $0 $0 $0 $0 $750SECURITY GUARD REVENUE $0 $0 $400 $200 $400 $0 $0 $0 $0 $0 $0 $0 $0 $1,000TABLE RENTALS $0 $50 $20 $20 $60 $10 $0 $0 $0 $0 $0 $0 $0 $160OFF DUTY OFFICER REVENUE $0 $0 $544 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $544CONTRIBUTIONS $0 $775 $0 $0 $0 $0 $0 $1,520 $346 $0 $0 $0 $0 $2,641MISCELLANEOUS INCOME $0 $53 $0 $115,000 $567 $94 $6,221 $0 $140 $0 $0 $0 $0 $122,075CARRY FORWARD SURPLUS $202,533 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL REVENUES $1,401,617 $1,354 $449,920 $821,878 $28,291 $20,475 $11,945 $17,945 $4,362 $0 $0 $0 $0 $1,356,170

EXPENDITURES:

ADMINISTRATIVEARBITRAGE $1,200 $0 $600 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $600ANNUAL AUDIT $6,000 $0 $0 $0 $0 $0 $0 $0 $500 $0 $0 $0 $0 $500ATTORNEY $40,000 $4,261 $1,644 $1,628 $3,027 $6,750 $8,486 $7,948 $0 $0 $0 $0 $0 $33,744COMPUTER TIME $1,000 $83 $83 $83 $83 $83 $83 $83 $83 $0 $0 $0 $0 $667DISSEMINATION $6,200 $500 $500 $750 $500 $750 $500 $500 $1,000 $0 $0 $0 $0 $5,000DUES, LICENSES AND SUBSCRIPTIONS $175 $175 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $175INSURANCE $33,036 $30,893 $0 $500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $31,393LEGAL ADVERTISING $500 $66 $73 $0 $46 $365 $79 $167 $0 $0 $0 $0 $0 $795MANAGEMENT FEES $46,350 $3,863 $3,863 $3,863 $3,863 $3,863 $3,863 $3,863 $3,863 $0 $0 $0 $0 $30,900OFFICE SUPPLIES $300 $0 $0 $0 $20 $0 $0 $0 $51 $0 $0 $0 $0 $71OTHER CURRENT CHARGES $2,700 $2,902 $255 $563 $169 $167 $223 $140 $182 $0 $0 $0 $0 $4,600GOLF COURSE STUDY $0 $74,689 $58,605 $74,129 $3,690 $2,098 $3,797 $781 $0 $0 $0 $0 $0 $217,788POSTAGE $1,500 $142 $66 $105 $501 $165 $160 $73 $19 $0 $0 $0 $0 $1,232PRINTING AND BINDING $1,500 $0 $245 $76 $173 $32 $0 $1 $0 $0 $0 $0 $0 $526TELEPHONE $50 $0 $23 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $23TRUSTEE FEES $6,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL ADM. EXPENDITURES $147,011 $117,574 $65,956 $81,697 $12,070 $14,272 $17,191 $13,556 $5,699 $0 $0 $0 $0 $328,014

FIELD:

ATHLETIC EQUIPMENT 320.572.600 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0BUILDING CONTRACT SERVICES $53,160

SECURITY SERVICES 320.572.34510 $1,055 $1,650 $0 $876 $0 $130 $700 $0 $0 $0 $0 $0 $4,412CLEANING SERVICES 320.572.46010 $3,280 $3,280 $3,280 $3,680 $3,280 $3,280 $447 $0 $0 $0 $0 $0 $20,527POOL MAINTENANCE 320.572.46400 $551 $0 $567 $567 $567 $966 $567 $567 $0 $0 $0 $0 $4,354

TOTAL BUILDING CONTRACT SERVICES $53,160 $4,886 $4,930 $3,847 $5,123 $3,847 $4,376 $1,714 $567 $0 $0 $0 $0 $29,292BUILDING /GROUNDS MAINTENANCE & SUPPLIES $31,350

BUILDING MAINTENANCE/SUPPLIES 320.572.46020 $1,199 $1,317 $2,417 $6,096 $1,211 $3,818 $1,074 $983 $0 $0 $0 $0 $18,115GROUNDS MAINTENANCE/SUPPLIES 320.572.46030 $1,223 $419 $308 $435 $0 $801 $801 $96 $0 $0 $0 $0 $4,082PEST CONTROL 320.572.34800 $79 $128 $128 $207 $128 $128 $79 $128 $0 $0 $0 $0 $1,005

TOTAL BUILDING /GROUNDS MAINTENANCE & SUPPLIES $31,350 $2,501 $1,864 $2,853 $6,738 $1,339 $4,747 $1,953 $1,207 $0 $0 $0 $0 $23,202

CONTINGENCY 320.572.49000 $30,000 $1,200 $244 $6,206 $3,102 $0 $69 $534 $4,664 $0 $0 $0 $0 $16,019

ENGINEERING 310.513.31100 $8,000 $1,126 $946 $668 $1,118 $2,196 $3,667 $810 $1,071 $0 $0 $0 $0 $11,601

HFC SPECIAL EVENTS 320.572.49400 $3,000 $255 $229 $0 $51 $0 $0 $0 $0 $0 $0 $0 $0 $534


GENERAL FUND - FY 2020

ADOPTED BUDGET OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEPT TOTALLANDSCAPE/LAKE CONTRACT SERVICES $175,222

LAKE MAINTENANCE 320.572.46500 $970 $970 $700 $1,940 $970 $1,670 $970 $0 $0 $0 $0 $0 $8,190

LANDSCAPE MAINTENANCE 320.572.46200 $12,718 $12,468 $12,468 $12,718 $12,468 $14,968 $15,213 $14,968 $0 $0 $0 $0 $107,988

IRRIGATION REPAIRS 320.572.46210 $0 $0 $0 $0 $831 $0 $0 $0 $0 $0 $0 $0 $831

TOTAL LANDSCAPE/LAKE CONTRACT SERVICES $175,222 $13,688 $13,438 $13,168 $14,658 $14,269 $16,638 $16,183 $14,968 $0 $0 $0 $0 $117,009

OFFICE SUPPLIES/PRINTING/BINDING 320.572.51000 $7,000 $739 $1,643 $772 $796 $1,096 $266 $665 $1,508 $0 $0 $0 $0 $7,483

PERMITS/INSPECTIONS 320.572.49300 $1,500 $0 $0 $0 $0 $0 $0 $600 $0 $0 $0 $0 $0 $600

PERSONNEL EXPENSES $228,336

EXERCISE INSTRUCTORS 320.572.34100 $1,678 $1,410 $1,825 $1,628 $1,590 $1,873 $1,045 $760 $0 $0 $0 $0 $11,808

FICA EXPENSE 320.572.21000 $1,074 $1,108 $1,098 $1,704 $1,096 $1,092 $1,101 $1,047 $0 $0 $0 $0 $9,318

HEALTH INSURANCE 320.572.23000 $878 $878 $878 $878 $885 $885 $885 $635 $0 $0 $0 $0 $6,804

SALARIES 320.572.12000 $14,037 $14,482 $14,348 $22,279 $14,326 $13,888 $14,389 $13,681 $0 $0 $0 $0 $121,431

INSURANCE 320.572.45000 $1,842 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,842

PERSONNEL EXPENSES $228,336 $19,508 $17,879 $18,149 $26,489 $17,897 $17,737 $17,420 $16,123 $0 $0 $0 $0 $151,202

PLANT/TREE REPLACEMENT 320.572.46220 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

POND REPAIRS 320-572-46600 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

SECURITY CONTRACT SERVICES $252,079

GATE ATTENDANTS 320.572.34500 $18,701 $18,119 $23,908 $18,746 $18,813 $23,332 $18,688 $18,987 $0 $0 $0 $0 $159,292

OFF DUTY SECURITY-EVENTS 320.572.34501 $0 $983 $944 $0 $163 $0 $0 $0 $0 $0 $0 $0 $2,089

VIDEO SECURITY-ADT 320.572.34520 $134 $100 $1,311 $0 $64 $0 $0 $0 $0 $0 $0 $0 $1,608

SECURITY EXTRAS 320.572.34530 $0 $224 $819 $366 $223 $0 $796 $432 $0 $0 $0 $0 $2,859

TOTAL SECURITY CONTRACT SERVICES $252,079 $18,835 $19,426 $26,981 $19,112 $19,262 $23,332 $19,484 $19,419 $0 $0 $0 $0 $165,850

UTILITIES $209,331

ELECTRIC 320.572.43000 $7,099 $10,973 $10,467 $9,795 $11,102 $10,619 $9,913 $9,947 $0 $0 $0 $0 $79,914.08

REFUSE 320.572.34900 $193 $192 $278 $193 $193 $193 $191 $201 $0 $0 $0 $0 $1,633.43

WATER 320.572.43200 $2,182 $3,938 $3,082 $2,591 $3,121 $2,634 $2,557 $2,516 $0 $0 $0 $0 $22,621.00

TELEPHONE 320.572.41000 $994 $996 $996 $994 $1,001 $1,001 $1,000 $1,000 $0 $0 $0 $0 $7,981.10

GAS/PROPANE 320.572.43100 $1,222 $1,668 $3,630 $2,546 $2,312 $2,087 $176 $0 $0 $0 $0 $0 $13,642.77

MAINTENANCE 320.572.46000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0.00

TOTAL UTILITIES $209,331 $11,690 $17,767 $18,452 $16,119 $17,728 $16,535 $13,838 $13,663 $0 $0 $0 $0 $125,792

TOTAL FIELD EXPENDITURES $998,978 $74,427 $78,365 $91,097 $93,306 $77,634 $87,367 $73,201 $73,188 $0 $0 $0 $0 $648,585

FIRST QUARTER OPERATING RESERVES $202,533 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

OTHER SOURCES/(USES)

INTERFUND TRANSFER IN/(OUT) ($79,398) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0GOLF COURSE CLOSING (1) $0 $0 $0 $27,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $27,000

TOTAL OTHER SOURCES/(USES) ($79,398) $0 $0 $27,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $27,000

TOTAL EXPENDITURES $1,427,919 $192,002 $144,321 $145,793 $105,376 $91,906 $104,558 $86,757 $78,887 $0 $0 $0 $0 $949,599EXCESS/REVENUES(EXPENDITURES ($26,303) ($190,648) $305,599 $676,085 ($77,085) ($71,430) ($92,613) ($68,813) ($74,525) $0 $0 $0 $0 $406,570


CAPITAL PROJECTSSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES




REVENUES:

CAPITAL RESERVE - TRANSFER IN $79,398 $0 $0 $0CONTRIBUTIONS $0 $0 $3,000 $3,000INTEREST EARNED $1,000 $583 $3,798 $3,215

TOTAL REVENUES $80,398 $583 $6,798 $6,215

EXPENDITURES:

BANK CHARGES $0 $0 $385 ($385)

CAPITAL PROJECTS - FY19ANNUAL EXPENSES:

ROAD REPAIRS (1) $25,000 $14,583 $22,354 ($7,771)EQUIPMENT-ATHLETIC $10,000 $5,833 $244 $5,589LANDSCAPE REPLACEMENT $15,000 $8,750 $0 $8,750OTHER CAPITAL PROJECT EXPENSES $10,000 $5,833 $0 $5,833

SPECIFIC PROJECTS:WORKSHOP $10,000 $5,833 $0 $5,833SPLIT SYSTEM (AIR HANDLER) $25,000 $14,583 $0 $14,583POOL PLASTER $40,000 $23,333 $20,000 $3,333POOL HEATER/SAUNA $0 $0 $3,754 ($3,754)SIDEWALK TO NEW PARKING LOT $0 $0 $11,671 ($11,671)

TOTAL EXPENDITURES $135,000 $78,750 $58,408 $20,342

EXCESS (DEFICIENCY) OF REVENUESOVER (UNDER) EXPENDITURES ($54,603) ($78,167) ($51,609) $26,557


INTERFUND TRANSFER IN/(OUT) (2) $0 $0 ($27,000) ($27,000)

TOTAL OTHER FINANCIANG SOURCES/(USES) $0 $0 ($27,000) ($27,000)

NET CHANGE IN FUND BALANCE ($54,603) ($78,167) ($78,609) ($443)


FUND BALANCE - Ending $331,342 $382,610

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

LAKE ASHTON IICOMMUNITY DEVELOPMENT DISTRICTDEBT SERVICE FUND - SERIES 2005A

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCESFOR THE PERIOD ENDED MAY 31, 2020



REVENUES:

SPECIAL ASSESSMENTS - ON ROLL $394,800 $394,800 $393,893 ($906)SPECIAL ASSESSMENTS - OFF ROLL $31,497 $5,363 $5,363 $0SPECIAL ASSESSMENTS - PREPAYMENTS $0 $0 $441,853 $441,853INTEREST EARNED $1,000 $583 $5,432 $4,849

TOTAL REVENUES $427,297 $400,746 $846,542 $445,796

EXPENDITURES:

SERIES 2005A:INTEREST - 11/1 $126,581 $126,581 $126,313 $269INTEREST - 5/1 $126,581 $126,581 $124,834 $1,747PRINCIPAL - 5/1 $175,000 $175,000 $170,000 $5,000SPECIAL CALL - 11/1 $10,000 $10,000 $55,000 ($45,000)SPECIAL CALL - 5/1 $0 $0 $405,000 ($405,000)

TOTAL EXPENDITURES $438,163 $438,163 $881,147 ($442,984)

EXCESS (DEFICIENCY) OF REVENUESOVER (UNDER) EXPENDITURES ($10,866) ($37,416) ($34,605) $2,812


OTHER DEBT SERVICE COSTS-TRUSTEE FEES $0 $0 ($6,573) ($6,573)


NET CHANGE IN FUND BALANCE ($10,866) ($37,416) ($41,178) ($3,761)



LAKE ASHTON IICOMMUNITY DEVELOPMENT DISTRICTDEBT SERVICE FUND - SERIES 2006A

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCESFOR THE PERIOD ENDED MAY 31, 2020



REVENUES:

ASSESSMENTS - ON ROLL $315,038 $315,038 $311,294 ($3,744)ASSESSMENTS - PPMTS $0 $0 $0 $0INTEREST INCOME $0 $0 $1,709 $1,709

TOTAL REVENUES $315,038 $315,038 $313,003 ($2,035)

EXPENDITURES:

SERIES 2006A:INTEREST - 11/1 $98,183 $98,183 $98,183 $0INTEREST - 5/1 $98,183 $98,183 $97,255 $928PRINCIPAL - 5/1 $115,000 $115,000 $115,000 $0SPECIAL CALL - 11/1 $15,000 $15,000 $35,000 ($20,000)

TOTAL EXPENDITURES $326,365 $326,365 $345,438 ($19,073)

EXCESS (DEFICIENCY) OF REVENUESOVER (UNDER) EXPENDITURES ($11,327) ($11,327) ($32,434) ($21,107)


OTHER DEBT SERVICE COSTS-TRUSTEE FEES $0 $0 ($7,390) ($7,390)


NET CHANGE IN FUND BALANCE ($11,327) ($11,327) ($39,824) ($28,497)



Maximum Annual Debt Service


Long Term Debt ReportFY 2020

Series 2005A, Capital Improvement Revenue Bonds

Interest Rate: 5.375%Maturity Date: 5/1/36 $4,710,000.00

Bonds outstanding - 9/30/2019 $4,710,000.00November 1, 2019 (Special Call) ($55,000.00)

May 1, 2020 (Mandatory) ($170,000.00)Current Bonds Outstanding $4,080,000.00

Series 2006A, Capital Improvement Revenue Bonds

Interest Rate: 5.300%Maturity Date: 5/1/38 $3,705,000.00

Bonds outstanding - 9/30/2019 $3,705,000.00November 1, 2019 (Special Call) ($35,000.00)

May 1, 2020 (Mandatory) ($115,000.00)Current Bonds Outstanding $3,555,000.00

Total Current Bonds Outstanding $7,635,000.00


CAPITAL PROJECTS - SERIES 2006STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES




REVENUES:

INTEREST EARNED $0 $0 $0 $0

TOTAL REVENUES $0 $0 $0 $0

EXPENDITURES:

CAPITAL OUTLAY $0 $0 $0 $0

TOTAL EXPENDITURES $0 $0 $0 $0

EXCESS (DEFICIENCY) OF REVENUESOVER (UNDER) EXPENDITURES $0 $0 $0 $0

NET CHANGE IN FUND BALANCE $0 $0 $0 $0

FUND BALANCE - Beginning $0 $29

FUND BALANCE - Ending $0 $29