East Homestead
Community Development District

Unaudited Financial Reporting
October 31, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2013	

5	
	Debt Service Fund Series 2019	

6	
	Debt Service Fund Series 2022	

7	
	Debt Service Fund Series 2023	

8	
	Capital Project Fund Series 2019	

9-10	
	Month to Month	

11	
	Long Term Debt Report	

Combined Balance Sheet October 31, 2023

	General Fund	Debt Service Fund	Capital Project Fund	Totals Governmental Funds	

Assets:
Cash:
Operating Account	

$	151,224	

$	-	

$	-	

$	151,224	
Petty Cash	500	-	-	500	
Due From Debt Service	15,799	-	-	15,799	
Investments:
State Board of Administration	
12,369	
-	
-	
12,369	
Series 2013 Revenue A	
-	
42,326	
-	
42,326	
Interest A	-	1	-	1	
Series 2019 Reserve A	
-	
180,950	
-	
180,950	
Revenue A	-	285,655	-	285,655	
Construction	-	-	2,457	2,457	
Series 2022 Reserve	
-	
63,409	
-	
63,409	
Revenue	-	169,065	-	169,065	
Series 2023 Interest	
-	
21,588	
-	
21,588	
Cost of Issuance	-	7,744	-	7,744	
Deposits-Electric	17,519	-	-	17,519	
Total Assets	$	197,412	$	770,739	$	2,457	$	970,607	

Liabilities:					
Accounts Payable	$	58,837	$	-	$	-	$	58,837	
Due to General Fund	-	15,799		-	15,799	
Total Liabilities	$	58,837	$	15,799	$	-	$	74,636	

Fund Balance:
Nonspendable:
Deposits	$	17,519 Restricted for:
Debt Service	-	

$	-

754,940	

$	

-

-	

$	17,519

754,940	
Capital Project	-
Assigned for:
Unassigned	121,055	-

-		2,457

-	2,457

121,055	
Total Fund Balances	$	138,575	$	754,940	$	2,457	$	895,971	
					
Total Liabilities & Fund Balance	$	197,412	$	770,739	$	2,457	$	970,607	

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/23	Thru 10/31/23	Variance	

Revenues:		
Special Assessments - Tax Roll	$	1,751,202	$	-	$	-	$	-	
Clubhouse Income	17,000	1,417	3,619	2,202	
Interest Income	5,000	417	59	(358)	
Miscellaneous Income	-	-	235	235	
Total Revenues	$	1,773,202	$	1,833	$3,912	$	2,079	

Expenditures:					
General & Administrative:
Supervisor Fees	
$	12,000	
$	1,000	
$	1,000	
$	-	
Payroll Taxes	918	76	77	(0)	
Engineering	12,000	1,000	-	1,000	
Attorney	32,000	2,667	2,600	67	
Annual Audit	6,500	542	-	542	
Assessment Roll Administration	2,000	2,000	2,000	-	
Arbitrage Rebate	1,800	150	-	150	
Dissemination Agent	3,750	313	313	-	
Trustee Fees	8,041	2,020	2,020	-	
Management Fees	48,361	4,030	4,030	(0)	
Information Technology	1,000	83	83	0	
Website Maintenance	2,500	208	208	0	
Postage & Delivery	900	75	100	(25)	
Insurance General Liability	9,928	9,928	9,341	587	
Printing & Binding	500	42	74	(32)	
Rental & Leases	2,400	200	200	-	
Legal Advertising	1,000	83	-	83	
Other Current Charges	2,000	167	79	88	
Office Supplies	250	21	-	21	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	148,022	$	24,780	$	22,299	$	2,480	

Operations & Maintenance					
Field Expenditures
Field Management	
$	23,518	
$	1,960	
$	1,960	
$	0	
Electricity	54,000	4,500	4,415	85	
Landscape Maintenance	384,775	32,065	-	32,065	
Fertilization and Pest Control	49,440	4,120	4,000	120	
Tree Care Services	23,980	1,998	-	1,998	
Landscape Materials	50,000	4,167	-	4,167	
Irrigation Maint & Repairs	20,000	1,667	750	917	
Lake Maintenance	10,880	907	907	(0)	
Pressure Washing	10,000	833	-	833	
Lights Repair and Maintenance	2,000	167	-	167	
Community Maintenance/Repairs	20,000	1,667	-	1,667	
Sign/Decor Maintenance	1,000	83	-	83	
Stormwater Services/Culvert Cleaning	20,000	1,667	-	1,667	
Holiday Decorations	42,240	3,520	35	3,485	
Sidewalk Repairs	20,000	1,667	-	1,667	
Special Projects	25,000	2,083	-	2,083	
Off Duty Police Services	7,200	600	-	600	
Contingency	20,000	1,667	-	1,667	
Subtotal Field Expenditures	$	784,033	$	65,336	$	12,066	$	53,270	

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/23	Thru 10/31/23	Variance	

Clubhouse Expenditures		
Active Video Monitoring	$	40,132	$	3,344	$	3,247	$	97	
Alarm Monitoring	2,100	175	525	(350)	
Fitness Equipment Maintenance	5,000	417	163	254	
Equipment Repair	5,000	417	-	417	
Electric	70,000	5,833	6,762	(929)	
Cable/Internet Services	4,600	383	370	14	
Holiday Lighting/Decorations	11,428	952	-	952	
Insurance	58,715	58,715	61,076	(2,361)	
Landscape Maintenance	28,710	2,393	-	2,393	
Landscape Replacement	8,000	667	162	504	
License, Music	1,900	158	-	158	
Irrigation Maintenance	4,000	333	-	333	
Janitorial Supplies	8,500	708	829	(120)	
Office Supplies/Clubhouse Supplies	8,200	683	-	683	
Onsite Club Management	54,755	4,563	4,144	419	
Onsite Club Employees	203,454	16,955	15,397	1,557	
FICA Expense	15,564	1,297	1,178	119	
Workers Compensation Insurance	1,815	1,815	1,530	285	
Employees' Health Insurance	26,118	2,177	-	2,177	
Pest Control	1,200	100	-	100	
Pool & Spa Maintenance	68,000	5,667	5,900	(233)	
Pool and Spa Repairs	10,000	833	-	833	
Permits	1,000	83	-	83	
Pool Emergencies Cleaning	2,000	167	-	167	
Repairs and Maintenance	65,000	5,417	3,355	2,062	
Special Events	6,000	500	-	500	
Security-Roving Guard	1,750	146	731	(586)	
Telephone	5,500	458	371	87	
Trash Collection	8,000	667	617	49	
Water & Sewer	3,706	309	223	86	
Contingency	11,000	917	-	917	
Replacements	50,000	4,167	-	4,167	
Capital Reserve	50,000	4,167	3,000	1,167	
Subtotal Clubhouse Expenditures	$	841,147	$	125,581	$	109,581	$	16,001	
					
Total Operations & Maintenance	$	1,625,180	$	190,918	$	121,647	$	69,271	
					
Total Expenditures	$	1,773,202	$	215,697	$	143,946	$	71,751	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(213,864)	$	(140,034)	$	73,830	
					
Net Change in Fund Balance	$	-	$	(213,864)	$	(140,034)	$	73,830	
					
Fund Balance - Beginning			$	278,608		
					
Fund Balance - Ending			$	138,575		

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/23	Thru 10/31/23	Variance	

Revenues:		
Special Assessments - Tax Roll	$	811,678	$	-	$	-	$	-	
Interest Income	-	-	5,058	5,058	
Total Revenues	$	811,678	$	-	$	5,058	$	5,058	

Expenditures:				
Interest - 11/1	$	262,209	$	-	$	-	$	-	
Principal - 11/1	270,000	-	-	-	
Interest - 5/1	256,641	-	-	-	
Total Expenditures	$	788,850	$	-	$	-	$	-	
				
Excess (Deficiency) of Revenues over Expenditures	$	22,828	$	-	$	5,058	$	5,058	

Other Financing Sources/(Uses):				
Transfer In/(Out)	$	-	$	-	$	(1,170,989)	$	(1,170,989)	
Dissemination	(1,250)	-	-	-	
Arbitrage	(600)	-	-	-	
Trustee Fees	(3,518)	-	-	-	
Total Other Financing Sources/(Uses)	$	(5,368)	$	-	$	(1,170,989)	$	(1,170,989)	
				
Net Change in Fund Balance	$	17,460	$	-	$	(1,165,931)	$	(1,165,931)	
				
Fund Balance - Beginning		$	1,208,258		
				
Fund Balance - Ending		$	42,327		

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/23	Thru 10/31/23	Variance	

Revenues:		
Special Assessments - Tax Roll Interest Income	$	361,898
-	$	-	$	-
-	1,934	$	-
1,934	
Total Revenues	$	361,898	$	-	$1,934	$	1,934	

Expenditures:					
Interest - 11/1	$	127,141	$	-	$	-	$	-	
Principal - 11/1	105,000		-	-	-	
Interest - 5/1	125,172		-	-	-	
Total Expenditures	$	357,313	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	4,585	$	-	$	1,934	$	1,934	
					
Net Change in Fund Balance	$	4,585	$	-	$	1,934	$	1,934	
					
Fund Balance - Beginning			$	464,671		
					
Fund Balance - Ending			$	466,605		

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/23	Thru 10/31/23	Variance	

Revenues:		
Special Assessments - Tax Roll Interest Income	$	1,206,200
-	$	-	$	-
-	746	$	-
746	
Total Revenues	$	1,206,200	$	-	$	746	$	746	

Expenditures:					
Interest - 11/1	$	169,065	$	-	$	-	$	-	
Interest - 5/1	169,065		-	-	-	
Principal - 5/1	870,000		-	-	-	
Total Expenditures	$	1,208,130	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,930)	$	-	$	746	$	746	
					
Net Change in Fund Balance	$	(1,930)	$	-	$	746	$	746	
					
Fund Balance - Beginning			$	215,929		
					
Fund Balance - Ending			$	216,676		

Debt Service Fund Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ended October 31, 2023

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/23	Thru 10/31/23	Variance	

Revenues:		
Special Assessments - Tax Roll Interest Income	$	-	$
-	-	$	-
-	-	$	-
-	
Total Revenues	$	-	$	-	$	-	$	-	

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

Other Financing Sources/(Uses):					
Bond Proceeds	$	-	$	-	$	9,192,000	$	9,192,000	
Transfer In/(Out)		-	-	1,170,989	1,170,989	
Cost of Issuance		-	-	(261,447)	(261,447)	
Payment to Escrow Agent		-	-	(10,052,209)	(10,052,209)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	49,333	$	49,333	
					
Net Change in Fund Balance	$	-	$	-	$	49,333	$	49,333	
					
Fund Balance - Beginning			$	(20,000)		
					
Fund Balance - Ending			$	29,333		

Capital Projects Fund Series 2019
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ended October 31, 2023

Adopted	Prorated Budget	Actual	
Budget	Thru 10/31/23	Thru 10/31/23	Variance	

Revenues

Interest Income	

$	

-	$	

-	$	10	

$	10	
Total Revenues	$	-	$	-	$	10	$	10	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	10	$	10	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	

-	$	

-	$	-	

$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance			$	10		
					
Fund Balance - Beginning			$	2,446		
					
Fund Balance - Ending			$	2,457		

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:

Special Assessments - Tax Roll	$	-	$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	
Clubhouse Income	3,619	-	-	-	-	-	-	-	-	-	-	-	3,619	
Interest Income	59	-	-	-	-	-	-	-	-	-	-	-	59	
Miscellaneous Income	235	-	-	-	-	-	-	-	-	-	-	-	235	
Total Revenues	$  3,912  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  3,912	

Expenditures:

General & Administrative:

Supervisor Fees	$  1,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  1,000	
Payroll Taxes	77	-	-	-	-	-	-	-	-	-	-	-	77	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	2,600	-	-	-	-	-	-	-	-	-	-	-	2,600	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Assessment Roll Administration	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	313	-	-	-	-	-	-	-	-	-	-	-	313	
Trustee Fees	2,020	-	-	-	-	-	-	-	-	-	-	-	2,020	
Management Fees	4,030	-	-	-	-	-	-	-	-	-	-	-	4,030	
Information Technology	83	-	-	-	-	-	-	-	-	-	-	-	83	
Website Maintenance	208	-	-	-	-	-	-	-	-	-	-	-	208	
Postage & Delivery	100	-	-	-	-	-	-	-	-	-	-	-	100	
Insurance General Liability	9,341	-	-	-	-	-	-	-	-	-	-	-	9,341	
Printing & Binding	74	-	-	-	-	-	-	-	-	-	-	-	74	
Rental & Leases	200	-	-	-	-	-	-	-	-	-	-	-	200	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	79	-	-	-	-	-	-	-	-	-	-	-	79	
Office Supplies	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$  22,299	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  22,299	

Operations & Maintenance				
Field Expenditures				
Field Management	$  1,960  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  1,960	
Electricity	4,415	-	-	-	-	-	-	-	-	-	-	-	4,415	
Landscape Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Fertilization and Pest Control	4,000	-	-	-	-	-	-	-	-	-	-	-	4,000	
Tree Care Services	-	-	-	-	-	-	-	-	-	-	-	-	-	
Landscape Materials	-	-	-	-	-	-	-	-	-	-	-	-	-	
Irrigation Maint & Repairs	750	-	-	-	-	-	-	-	-	-	-	-	750	
Lake Maintenance	907	-	-	-	-	-	-	-	-	-	-	-	907	
Pressure Washing	-	-	-	-	-	-	-	-	-	-	-	-	-	
Lights Repair and Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Community Maintenance/Repairs	-	-	-	-	-	-	-	-	-	-	-	-	-	
Sign/Decor Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Stormwater Services/Culvert Cleaning	-	-	-	-	-	-	-	-	-	-	-	-	-	
Holiday Decorations	35	-	-	-	-	-	-	-	-	-	-	-	35	
Sidewalk Repairs	-	-	-	-	-	-	-	-	-	-	-	-	-	
Special Projects	-	-	-	-	-	-	-	-	-	-	-	-	-	
Off Duty Police Services	-	-	-	-	-	-	-	-	-	-	-	-	-	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Subtotal Field Expenditures	$  12,066  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  12,066	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Clubhouse Expenditures
Active Video Monitoring

$  3,247  $	-	$

-	$	-	$

-	$	-	$	-	$	-	$

-	$	-	$	-	$

-	$  3,247

Alarm Monitoring	525	-	-	-	-	-	-	-	-	-	-	-	525
Fitness Equipment Maintenance	163	-	-	-	-	-	-	-	-	-	-	-	163
Equipment Repair	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric	6,762	-	-	-	-	-	-	-	-	-	-	-	6,762
Cable/Internet Services	370	-	-	-	-	-	-	-	-	-	-	-	370
Holiday Lighting/Decorations	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance	61,076	-	-	-	-	-	-	-	-	-	-	-	61,076
Landscape Maintenance		-	-	-	-	-	-	-	-	-	-	-	-	- Landscape Replacement	162	-	-	-	-	-	-	-	-	-	-	-		162
License, Music	-	-	-	-	-	-	-	-	-	-	-	-	-
Irrigation Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-
Janitorial Supplies	829	-	-	-	-	-	-	-	-	-	-	-	829
Office Supplies/Clubhouse Supplies		-	-	-	-	-	-	-	-	-	-	-	-		- Onsite Club Management	4,144	-	-	-	-	-	-	-	-	-	-	-	4,144
Onsite Club Employees	15,397	-	-	-	-	-	-	-	-	-	-	-	15,397
FICA Expense	1,178	-	-	-	-	-	-	-	-	-	-	-	1,178
Workers Compensation Insurance	1,530	-	-	-	-	-	-	-	-	-	-	-	1,530 Employees' Health Insurance		-	-	-	-	-	-	-	-	-	-	-	-		-
Pest Control	-	-	-	-	-	-	-	-	-	-	-	-	-
Pool & Spa Maintenance	5,900	-	-	-	-	-	-	-	-	-	-	-	5,900
Pool and Spa Repairs	-	-	-	-	-	-	-	-	-	-	-	-	-
Permits	-	-	-	-	-	-	-	-	-	-	-	-	-
Pool Emergencies Cleaning	-	-	-	-	-	-	-	-	-	-	-	-	-
Repairs and Maintenance	3,355	-	-	-	-	-	-	-	-	-	-	-	3,355
Special Events	-	-	-	-	-	-	-	-	-	-	-	-	-
Security-Roving Guard	731	-	-	-	-	-	-	-	-	-	-	-	731
Telephone	371	-	-	-	-	-	-	-	-	-	-	-	371
Trash Collection	617	-	-	-	-	-	-	-	-	-	-	-	617
Water & Sewer	223	-	-	-	-	-	-	-	-	-	-	-	223
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-
Replacements	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Reserve	3,000	-	-	-	-	-	-	-	-	-	-	-	3,000

Subtotal Clubhouse Expenditures	$ 109,581	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 109,581	
	
Total Operations & Maintenance	$ 121,647	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 121,647	

Total Expenditures

$ 143,946  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $ 143,946

Excess (Deficiency) of Revenues over Expenditures	$ (140,034)	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	$	-  $	-	$ (140,034)	
										
Net Change in Fund Balance	$ (140,034)	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	$	-  $	-	$ (140,034)	

East Homestead
Community Development District Long Term Debt Report

	Series 2019, Special Assessment Bonds			

Original Issuance:	
2/8/19	
$5,630,000		
Maturity Date:		11/1/2049		
Term 1:	$95,000			
Interest Rate:	3.55%			
Maturity Date:	11/1/20			
Term 2:	$415,000			
Interest Rate:	3.75%			
Maturity Date:	11/1/24			
Term 3:	$625,000			
Interest Rate:	4.125%			
Maturity Date:	11/1/29			
Term 4:	$1,725,000			
Interest Rate:	4.75%			
Maturity Date:	11/1/39			
Term 5:	$2,770,000			
Interest Rate:	5.00%			
Maturity Date:	11/1/49			
Bonds outstanding - 9/30/23			$5,335,000	
Less: Principal Payment - 11/1/23			-	
Current Bonds Outstanding			$5,335,000	

Original Issuance: Interest Rate:
Maturity Date:

Bonds outstanding - 9/30/23 Less: Principal Payment - 5/1/24	Series 2022, Special Assessment Bonds

3/9/22	

$14,115,000
2.55%
5/1/2036	

$13,260,000
-	
Current Bonds Outstanding	$13,260,000	

	Series 2023, Special Assessment Bonds			

Original Issuance:	
10/12/23	
$9,192,000		
Interest Rate:		4.45%		
Maturity Date:		5/1/2043		

Bonds outstanding
Less: Principal Payment - 5/1/24			
$9,192,000
-	
Current Bonds Outstanding			$9,192,000	

Total Current Bonds Outstanding	$27,787,000