Eagle Hammock Community Development District
Meeting Agenda August 10, 2023

-. ·- -

Eagle Hammock
Community Development District

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

August 3, 2023

Board of Supervisors Eagle Hammock
Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of the Eagle Hammock Community Development District will be held on Thursday, August 10, 2023 at 10:00 AM at the Offices of Highland Homes, 3020 S. Florida Ave., Suite 101, Lakeland, FL 33803.

Zoom Video Join Link: https://us06web.zoom.us/j/86014367974
Call-In Information: 1-646-876-9923
Meeting ID: 860 1436 7974

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Approval of Minutes of the July 13, 2023 Board of Supervisors Meeting
Consideration of Resolution 2023-10 Ratifying Staff Actions Regarding Fiscal Year 2024 Budget (amended budget to be provided under separate cover)
Consideration of Proposal for Arbitrage Rebate Services for Series 2022 Project Bonds from AMTEC
Staff Reports
Attorney
Engineer
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

1 Comments will be limited to three (3) minutes

MINUTES

MINUTES OF MEETING EAGLE HAMMOCK
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Eagle Hammock Community Development District was held on Thursday, July 13, 2023 at 10:00 a.m. at the Offices of Highland Homes, 3020 S. Florida Ave., Suite 101, Lakeland, Florida.

Present and constituting a quorum were:

Milton Andrade	Chairman
Brian Walsh	Vice Chairman
Jeff Shenefield	Assistant Secretary
Garret Parkinson	Assistant Secretary Also, present were:
Jill Burns	District Manager, GMS
Lauren Gentry	District Counsel, KVW Law
Rodney Gadd	District Engineer, Gadd Engineering
Clayton Smith	Field Manager, GMS
Allen Bailey	Field Manager, GMS

The following is a summary of the discussions and actions taken at the July 13, 2023 Eagle Hammock Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order. There were four Board members present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present at this time and no members of the public joining via Zoom.

THIRD ORDER OF BUSINESS	Approval of Minutes of the May 11, 2023
Board of Supervisors Meeting

July 13, 2023	Eagle Hammock CDD

Ms. Burns presented the minutes from the May 11, 2023 Board of Supervisors meeting. Ms. Burns asked for any questions, comments, or corrections to those minutes. The Board had no changes to the minutes.

On MOTION by Mr. Shenefield, seconded by Mr. Andrade, with all in favor, the Minutes of the May 11, 2023 Board of Supervisors Meeting, was approved.

FOURTH ORDER OF BUSINESS	Public Hearings
Public Hearing on the Adoption of the Fiscal Year 2024 Budget
Ms. Burns stated this public hearing has been advertised in the paper. Do we have a motion to open?

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, Opening the Public Hearing, was approved.

Consideration of Resolution 2023-06 Adopting the District’s Fiscal Year 2024 Budget and Appropriating Funds
Ms. Burns stated this budget has changed since the Board saw it the last time. She noted they were trying to find some places where they could reduce assessments that we talked about at the meeting. She noted the capital reserve transfer was removed and most of the contingencies were cut in about half. She noted most of security was reduced pretty dramatically. She noted previously they were at about $1,750 per lot and this got us down to $1,459.59 per lot. She noted that is an increase of $809.59 from the current year but again we only have 263 lots to split it around. She noted it probably will need to go higher in years going forward. This is about as scaled down as it can go for the upcoming year.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, Resolution 2023-06 Adopting the District’s Fiscal Year 2024 Budget and Appropriating Funds, was approved.

Ms. Burns stated there are no members of the public present so do we have a motion to close the public hearing?

July 13, 2023	Eagle Hammock CDD

On MOTION by Mr. Shenefield, seconded by Mr. Andrade, with all in favor, Closing the Public Hearing, was approved.

Public Hearing on the Imposition of Operations and Maintenance Special Assessments
Ms. Burns asked for a motion to open the public hearing.

On MOTION by Mr. Andrade seconded by Mr. Walsh, with all in favor, Opening the Public Hearing, was approved.

Consideration of Resolution 2023-07 Imposing Special Assessments and Certifying an Assessment Roll
Ms. Burns stated this certifies the roll that we will send to Polk County to collect our tax bill. She noted the amount listed for O&M is based on the budget that the Board just adopted. The debt amounts are also listed as well.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, Resolution 2023-07 Imposing Special Assessments and Certifying an Assessment Roll, was approved.

Ms. Burns stated there are no members of the public present so asking for a motion to close.

On MOTION by Mr. Walsh, seconded by Mr. Shenefield with all in favor, Closing the Public Hearing, was approved.

Public Hearing on the Adoption of Amenity Rental Fees and Amended Policies
Ms. Burns stated this public hearing has been advertised in the paper. Do we have a motion to open?

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, Opening the Public Hearing, was approved.

Consideration of Resolution 2023-08 Adopting Amenity Rental Fees and Amended Policies

July 13, 2023	Eagle Hammock CDD

Ms. Burns reviewed that the Board previously adopted policies and at the time we did not realize there was a rental space because it was open to everybody and it was decided to close it off and use it for rental space. She noted the rules included are substantially the same other than the rental provisions and fees that were added related to those. She noted a rate was advertised for rentals between $100 and $300 so we could set the rental rate up to that $300 amount. Ms. Gentry stated an increase for rentals could go up to $300 without readvertising. The deposit amount is
$150 and the deposit is returned based on inspection. She noted a janitorial company comes out and cleans after each use and that fee is $150. She stated the minimum she would suggest setting is $150 but thinks $200 to $250 would be a better rate because it covers staff time to issue all the rentals and check the facility for any damage after. Mr. Walsh stated to set the rate at $150 for rentals with a capacity of 30 people. Ms. Burns noted the pool deck is not available for use with the rental. If all of the guests are residents they could use the pool deck, but the pool deck guest limit is four per household.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, Resolution 2023-08 Adopting Amenity Rental Fees and Amended Policies, was approved.

Ms. Burns stated no members of the public are present at this time. Do we have a motion to close?

On MOTION by Mr. Shenefield, seconded by Mr. Walsh, with all in favor, Closing the Public Hearing, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-09
Designation of Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2024
Ms. Burns stated the schedule is the same at 10:00 a.m. here at the offices of Highland Homes. She noted to date residents have not started to show up and definitely not in large numbers so they can look at moving it to a different location. She asked if same date and time works. She asked for a motion to approve the schedule and delegate the authority to the Chair to work with staff to find an alternate location in Polk County.

July 13, 2023	Eagle Hammock CDD

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, Resolution 2023-09 Designation of Regular Monthly Meeting Date and Time to remain the same, with Location selected by the Chair for Fiscal Year 2024, was approved.

SIXTH ORDER OF BUSINESS	Acceptance of Fiscal Year 2022 Audit
Report
Ms. Burns stated page 31 of the agenda has the report to management that summarizes the audit. She noted there were no findings and no incidences of noncompliance. It was considered a clean audit. She asked for any questions and hearing none, she asked for a motion to accept the report.

On MOTION by Mr. Walsh, seconded by Mr. Shenefield, with all in favor, Accepting of Fiscal Year 2022 Audit Report, was approved.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Gentry noted no other reports other than to update the Board that on information about the ethics training requirement. She noted that can be done in conjunction with the work shop and her office is putting together some materials that are targeted to CDD’s to help knock all of that out at once. She noted it is four hours per year, and they round up 50-minute increments to one hour. She noted when they decide to do them, they could advertise that as a Board work shop and then all the revisions for a work shop. Ms. Burns stated there is online training and webinars that can be done on your own time as well. Ms. Gentry stated this is due by 2024.

Engineer
Acceptance of Annual District Engineer Report
Mr. Gadd had nothing to add at this time. He asked for any questions, hearing none. Ms. Burns stated the acceptance of the Annual District Engineer Report is included in the agenda package for review. She noted this is required for the Engineer to do inspection of the CDD’s improvements that is included for the Boards reference.

July 13, 2023	Eagle Hammock CDD

On MOTION by Mr. Andrade, seconded by Mr. Shenefield, with all in favor, Accepting of the Annual District Engineer Report, was approved.

Field Manager’s Report
Consideration of Proposal for Pest Control Services
Mr. Bailey stated security cameras have been installed and doing well. The lift chair was installed and working and pool deck is set up and clean. He noted they continue to monitor the ponds with the construction and debris blowing around and keeping that up the best they can. He noted they got the locks in for the gait on the side. There is a handicap handle that they can press and allows them about 30 seconds to get in and out of the area. He noted the plants out front that were a concern last meeting look like they have come back well. Ms. Burns stated a resident has reached out several times about his concern about the fact that there were security cameras. She noted she consulted with Lauren and gave a response to the resident that there is no expectation of privacy at a public pool and it is fairly standard to have cameras as they are helpful for insurance purposes, safety, and to manage amenity violations.
Mr. Bailey stated there is one proposal for pest control. He noted All American Lawn is with many of our CDD’s and does monthly pest prevention for the clubhouse area and around the amenity, also a quarterly service for ant and wasp treatment for the playground itself. He noted the total is $1,760 per year. Mr. Walsh asked if this is within budget. Ms. Burns stated there is $7,500 in contingency so they could definitely approve that within the budget. Mr. Walsh asked if it is outside around the amenity or does it go around the inside perimeter. Mr. Bailey stated they are not planning to go into the actual clubhouse itself but just around the area that is open. He noted the quarterly is for the playground on the side that is specifically treated for ants and wasps. Ms. Burns stated it would be about $1,200 out of the contingency. Mr. Baily stated they would come out between visits if issues are reported.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, the Proposal for Pest Control Services, were approved.

July 13, 2023	Eagle Hammock CDD

District Manager’s Report
Approval of Check Register
Ms. Burns noted the check register was included in the package for review and asked if anybody had any questions. This is from April 1st through May 31st totaling $21,576.35.

On MOTION by Mr. Andrade, seconded by Mr. Walsh with all in favor, the Check Register totaling $21,576.35, was approved.

Balance Sheet & Income Statement
Ms. Burns presented the financial statements through May for review. There is no action necessary from the Board.

EIGHTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Walsh, seconded by Mr. Shenefield, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2023-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF EAGLE HAMMOCK COMMUNITY DEVELOPMENT DISTRICT AMENDING THE FISCAL YEAR 2023/2024 BUDGET; AUTHORIZING A CORRESPONDING AMENDMENT IN THE AMOUNT OF ASSESSMENTS CERTIFIED FOR COLLECTION; RATIFYING ACTIONS; AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, Eagle Hammock 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 Eagle Lake, Polk County, Florida; and

WHEREAS, the Board of Supervisors of the District (“Board”) adopted a final General Fund Budget (“Budget”) for the Fiscal Year beginning October 1, 2023, and ending September 30, 2024 (“Fiscal Year 2023/2024”); and

WHEREAS, the Board previously adopted Resolution No. 2023-07, imposing special assessments for operations and maintenance and certifying an assessment roll for collection of the Fiscal Year 2023/2024 operations and maintenance assessments and previously levied debt service assessments; and

WHEREAS, the Board desires to amend the Fiscal Year 2023/2024 Budget to reflect a reduction in operations and maintenance expenses due to a scrivener’s error, and to authorize a corresponding reduction in the operations and maintenance assessments certified for collection; and

WHEREAS, the Board finds that it is in the best interest of the District and its landowners to amend the Fiscal Year 2023/2024 Budget, to authorize a corresponding reduction in operations and maintenance assessments certified for collection, and to ratify any and all actions taken by District staff, officers, and Supervisors in connection therewith.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF EAGLE HAMMOCK COMMUNITY DEVELOPMENT DISTRICT:

Section 1.  Budget Amendment.

The Board has reviewed the proposed amended Budget, copies of which are on file with the office of the District Manager and at the District’s Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The amended Budget attached hereto as Exhibit A and incorporated herein by reference as further amended by the Board is hereby adopted in accordance with the provisions of Sections 190.008(2)(a) and 189.016(6), Florida Statutes.

The amended Budget shall be maintained in the office of the District Manager and the District Records Office and identified as “The Adopted Budget for the Eagle Hammock Community Development District for the Fiscal Year Ending September 30, 2024, as amended and adopted by the Board of Supervisors effective August 10, 2023.”

SECTION 2. APPROPRIATIONS. There is hereby appropriated out of the revenues of the District, the fiscal year beginning October 1, 2023, and ending September 30, 2024, the sums set forth in the Budget attached at Exhibit A, to be raised by special assessments or otherwise, which sums are deemed by the Board to be necessary to defray all expenditures of the District during said budget year.

Section 3.  Amendment  to  Operations  &  Maintenance  Assessments
CERTIFIED FOR COLLECTION.  The amount of operations and maintenance assessments certified for collection is hereby reduced to correspond to the amended Budget, as set forth at Exhibit A. All findings and authorizations set forth in Resolution 2023-07 are hereby deemed to apply to the amended Budget set forth at Exhibit A.

Section 4.  Ratification. All actions taken by District staff, officers, and Supervisors in connection with the above-authorized amendments to the Fiscal Year 2023/2024 Budget and assessments are hereby ratified, approved, and confirmed.

Section 5.  Conflicts. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

Section 6. Severability. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

Section 7.  Effective Date. This Resolution shall take effect as of August 10, 2023.

[Signature on Following Page]

PASSED AND ADOPTED this 10th day of August, 2023.

Attest:	Eagle Hammock Community
Development District

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Amended FY 2023/2024 Budget

Exhibit A
Amended Fiscal Year 2023/2024 Budget

Amended Budget will be provided under separate cover.

Section V

Arbitrage Rebate Computation Proposal For
Eagle Hammock Community Development District
(City of Eagle Lake, Florida)
$3,800,000 Special Assessment Bonds, Series 2022 (Series 2022 Project)

July 12, 2023

Eagle Hammock Community Development District c/o Ms. Katie Costa
Director of Accounting Services
Government Management Services – CF, LLC 6200 Lee Vista Boulevard
Suite 300
Orlando, FL 32822

Re:	$3,800,000 Eagle Hammock Community Development District (City of Eagle Lake, Florida), Special Assessment Bonds, Series 2022 (Series 2022 Project)

Dear Ms. Costa:

AMTEC is an independent consulting firm that specializes in arbitrage rebate calculations. We have the ability to complete rebate computations for the above-referenced Eagle Hammock Community Development District (the “District”) Series 2022 (Series 2022 Project) bond issue (the “Bonds”). We do not sell investments or seek an underwriting role. As a result of our specialization, we offer very competitive pricing for rebate computations. Our typical fee averages less than $1,000 per year, per issue and includes up to five years of annual rebate liability reporting.

Firm History

AMTEC was incorporated in 1990 and maintains a prominent client base of colleges and universities, school districts, hospitals, cities, state agencies and small-town bond issuers throughout the United States. We currently compute rebate for more than 7,000 bond issues and have delivered thousands of rebate reports. The IRS has never challenged our findings.

Southeast Client Base

We provide arbitrage rebate services to over 350 bond issues aggregating more than $9.1 billion of tax- exempt debt in the southeastern United States. We have recently performed computations for the Magnolia West, East Park, Palm Coast Park, Windward and Town Center at Palm Coast Park Community Development Districts. Additionally, we are exclusive rebate consultant to Broward County and the Town of Palm Beach in Florida. Nationally, we are rebate consultants for the City of Tulsa (OK), the City of Lubbock (TX) and the States of Connecticut, Montana, Mississippi, West Virginia, Vermont and Alaska.

We have prepared a Proposal for the computation of arbitrage for the District’s Bonds. We have established a "bond year end" of July 8th, based upon the anniversary of the closing date of the Bonds in July 2022.

Proposal

We are proposing rebate computation services based on the following:

$3,800,000 Series 2022 (Series 2022 Project) Bonds
Fixed Rate Debt
Acquisition & Construction, Debt Service Reserve, Cost of Issuance & Debt Service Accounts.

Should the Tax Agreement require rebate computations for any other accounts, computations will be extended to include those accounts at no additional cost to the District.

Our guaranteed fee for rebate computations for the Series 2022 (Series 2022 Project) Bonds is $450 per year and will encompass all activity from July 8, 2022, the date of the closing, through July 8, 2027, the end of the 5th Bond Year and initial Computation Date. The fee is based upon the size as well as the complexity. Our fee is payable upon your acceptance of our rebate reports, which will be delivered shortly after the report dates specified in the following table.

AMTEC's Professional Fee – $3,800,000 Series 2022 (Series 2022 Project) Bonds

Report Date	Type of Report	Period Covered	Fee	
July 31, 2023	Rebate and Opinion	Closing – June 30, 2023	$ 450	
June 30, 2024	Rebate and Opinion	Closing – June 30, 2024	$ 450	
June 30, 2025	Rebate and Opinion	Closing – June 30, 2025	$ 450	
June 30, 2026	Rebate and Opinion	Closing – June 30, 2026	$ 450	
July 8, 2027	Rebate and Opinion	Closing – July 8, 2027	$ 450	

In order to begin, we are requesting copies of the following documentation:

Arbitrage Certificate or Tax Regulatory Agreement
IRS Form 8038-G
Closing Memorandum
US Bank statements for all accounts from July 8, 2022, the date of the closing, through each report date

AMTEC's Scope of Services

Our standard engagement includes the following services:
Review of all bond documents and account statements for possible rebate exceptions;
Computation of the rebate liability and/or the yield restricted amount, in accordance with Section 148 of the Internal Revenue Code, commencing with the date of the closing through required reporting date of the Bonds;
Independent calculation of the yield on the Bonds to ensure the correct basis for any rebate liability. This effort provides the basis for our unqualified opinion;
Reconciliation of the sources and uses of funds from the bond documentation;

Calculation and analysis of the yield on all investments, subject to the Regulations, for each computation period;
Production of rebate reports, indicating the above stated information, and the issuance of the AMTEC Opinion;
Recommendations for proactive rebate management;
Commingled funds, transferred proceeds and yield restriction analyses, if necessary;
Preparation of IRS Form 8038-T and any accompanying documentation, should a rebate payment be required;
We will discuss the results of our Reports with you, your auditors, and our continued support in the event of an IRS inquiry; and
We guarantee the completeness and accuracy of our work.

The District agrees to furnish AMTEC with the required documentation necessary to fulfill its obligation under the scope of services. The District will make available staff knowledgeable about the bond transactions, investments and disbursements of bond proceeds.

The District agrees to pay AMTEC its fee after it has been satisfied that the scope of services, as outlined under the Proposal, has been fulfilled. AMTEC agrees that its fee is all-inclusive and that it will not charge the District for any expenses connected with this engagement.

The parties have executed this Agreement on 	, 2023.

Eagle Hammock
Community Development District

Consultant: American Municipal Tax-Exempt Compliance Corporation

By:	By:	Michael J. Scarfo
Senior Vice President

Section VI

Section C

Eagle Hammock CDD
Field Management Report

August 10th, 2023 Allen Bailey – Field Manager
GMS

1

Eagle Hammock CDD Field Management Report | GMS 2023

2	Eagle Hammock CDD Field Management Rep

ort | GMS 2023

Pool Floor Return

Completed

Palm Trimming

The landscape vendor trimmed the palm trees around the amenity center that lost branches
due to the heat.

The pool vendor found a floor return missing and it was replaced promptly to mitigate potential injury.

The overall landscaping quality is meeting expectations.

The vendor responds promptly to any requests that have been made.

Complete

Landscape Update

Aquatics Update

Pond maintenance is meeting expectations. There has not been any major algae blooms or other aquatic issues.

GMS maintenance staff have been scheduled to install wildlife warning signs to be placed at the amenity pond.

In Progress

Amenity Pond Signage

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-460-4424, or by email at abailey@gmscfl.com. Thank you.

Respectfully, Allen Bailey

Section D

Section 1

Eagle Hammock
Community Development District

Summary of Check Register

June 01, 2023 to June 30, 2023

Fund	Date	Check No.'s		Amount	
General Fund					
	6/19/23	74-77	$	13,809.62	
	6/26/23	78-80	$	5,636.10	

Total Amount	$	19,445.72

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/03/23	PAGE	1
*** CHECK DATES 06/01/2023 - 06/30/2023 ***	EAGLE HAMMOCK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/19/23 00008	5/26/23 16008	202305 320-53800-47000	*	700.00
MONTHLY POND HERBICIDE
AQUATIC WEED MANAGEMENT, INC	700.00 000074
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/19/23 00018	6/05/23 90093133 202305 310-51300-32200	*	3,950.00
AUDIT SERVICES FY22
DIBARTOLOMEO,MCBEE,HARTLEY & BARNES	3,950.00 000075

6/19/23 00001	4/30/23	
	4/30/23	
	6/01/23	
	6/01/23	
	6/01/23	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
35	202304 320-53800-48000	*	932.90
CLEANED TRASH OUT OF POND
36	202304 320-53800-48000	*	2,744.50
SECURIY DOOR INSTALLATION
33	202306 310-51300-34000	*	2,916.67
MANAGEMENT FEES JUN23
33	202306 310-51300-35200	*	100.00
WEBSITE ADMIN JUN23
33	202306 310-51300-35100	*	150.00
INFORMATION TECH JUN23
6/01/23 33	202306 310-51300-31300	*	416.67
DISSEMINATION FEES JUN23
6/01/23 33	202306 330-57200-49200	*	416.67
AMENITY ACCESS JUN23
6/01/23 33	202306 310-51300-51000	*	2.74
OFFICE SUPPLIES JUN23
6/01/23 33	202306 310-51300-42000	*	16.97
POSTAGE JUN23
6/01/23 34	202306 320-53800-34000	*	1,250.00
FIELD MANAGEMENT JUN23
GOVERNMENTAL MANAGEMENT SERVICES-	8,947.12 000076
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/19/23 00006	5/15/23 6611	202304 310-51300-31500	*	212.50
GENERAL COUNSEL
KILINSKI | VAN WYK, PLLC	212.50 000077
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/26/23 00017	5/18/23 33530	202305 330-57200-49200	*	1,874.50
SIFER ISO CARD
CURRENT DEMANDS ELECTRICAL	1,874.50 000078
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/26/23 00006	6/14/23 6753	202305 310-51300-31500	*	1,315.60
GENERAL COUNSEL MAY23
KILINSKI | VAN WYK, PLLC	1,315.60 000079
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/26/23 00010	6/01/23 9109	202306 320-53800-46200	*	2,446.00
LANDSCAPE MAINT JUN23
PRINCE & SONS INC.	2,446.00 000080
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	19,445.72 EHCD EAGLE HAMMOCK	IARAUJO

Section 2

Eagle Hammock
Community Development District

Unaudited Financial Reporting
June 30, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund	

5	
	Construction Fund	

6-7	
	Month to Month	

8	
	Long Term Debt Schedule	

Eagle Hammock
Community Development District Combined Balance Sheet
June 30, 2023

General
Fund

Debt Service
Fund

Capital Projects
Fund

Total
Governmental Fund

Assets:		
Operating Account	$	72,242	$	-	$	-	$	72,242	
Due From General Fund Investments:	$	-	$	-	$	-	$	-	
Series 2022					
Reserve	$	-	$	126,953	$	-	$	126,953	
Revenue	$	-	$	148,006	$	-	$	148,006	
Interest	$	-	$	3,911	$	-	$	3,911	
Prepayment	$	-	$	125,221	$	-	$	125,221	
Total Assets	$	72,242	$	404,092	$	-	$	476,334	

Liabilities:					
Accounts Payable	$	8,425	$	-	$	-	$	8,425	
Total Liabilities	$	8,425	$	-	$	-	$	8,425	

Fund Balances:					
Restricted for:					
Debt Service	$	-	$	404,092	$	-	$	404,092	
Unassigned	$	63,817	$	-	$	-	$	63,817	
Total Fund Balances	$	63,817	$	404,092	$	-	$	467,909	
					
Total Liabilities & Fund Balance	$	72,242	$	404,092	$	-	$	476,334	

Eagle Hammock
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2023

Proposed	Prorated Budget	Actual	
Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Revenues		
Assessments	$	170,950	$	96,525	$	96,525	$	-	
Assessments - Lot Closings	$	-	$	-	$	94,900	$	94,900	
Developer Contributions	$	230,807	$	-	$	-	$	-	
Total Revenues	$	401,757	$	96,525	$	191,425	$	94,900	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	9,000	$	2,400	$	6,600	
Engineering	$	15,000	$	11,250	$	-	$	11,250	
Attorney	$	25,000	$	18,750	$	5,838	$	12,912	
Annual Audit	$	5,000	$	5,000	$	3,950	$	1,050	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	500	$	-	$	-	$	-	
Dissemination	$	5,000	$	3,750	$	4,000	$	(250)	
Trustee Fees	$	5,000	$	-	$	-	$	-	
Management Fees	$	35,000	$	26,250	$	26,250	$	(0)	
Information Technology	$	1,800	$	1,350	$	1,350	$	-	
Website Maintenance	$	1,200	$	900	$	900	$	-	
Postage & Delivery	$	1,000	$	750	$	231	$	519	
Insurance	$	5,000	$	5,000	$	5,000	$	-	
Copies	$	1,000	$	750	$	-	$	750	
Legal Advertising	$	10,000	$	7,500	$	5,453	$	2,047	
Contingency	$	5,960	$	4,470	$	-	$	4,470	
Office Supplies	$	625	$	469	$	9	$	460	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	134,260	$	100,364	$	60,556	$	39,808	

Eagle Hammock
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2023

Proposed	Prorated Budget	Actual	
Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Operation and Maintenance		
Field Expenses		
Property Insurance	$	5,050	$	-	$	-	$	-	
Field Management	$	15,000	$	11,250	$	6,250	$	5,000	
Landscape Maintenance	$	60,317	$	45,238	$	28,607	$	16,631	
Landscape Replacement	$	15,000	$	11,250	$	-	$	11,250	
Lake Maintenance	$	-	$	-	$	6,369	$	(6,369)	
Streetlights	$	30,000	$	22,500	$	15,627	$	6,873	
Electric	$	5,000	$	3,750	$	406	$	3,344	
Water and Sewer	$	10,000	$	7,500	$	1,133	$	6,367	
Sidewalk & Asphalt Maintenance	$	2,500	$	1,875	$	-	$	1,875	
Irrigation Repairs	$	7,500	$	5,625	$	-	$	5,625	
General Field Repairs & Maintenance	$	10,000	$	7,500	$	4,697	$	2,803	
Contingency	$	7,500	$	5,625	$	-	$	5,625	
Subtotal Field Expenditures:	$	167,867	$	122,113	$	63,090	$	59,023	

Amenity Expenditures					
Amenity - Insurance	$	5,050	$	5,050	$	3,971	$	1,079	
Amenity - Electric	$	8,000	$	6,000	$	1,139	$	4,861	
Amenity - Water	$	10,000	$	7,500	$	4,108	$	3,392	
Internet	$	2,000	$	1,500	$	398	$	1,102	
Pest Control	$	480	$	-	$	-	$	-	
Janitorial Service	$	5,600	$	4,200	$	430	$	3,770	
Security Services	$	34,000	$	-	$	-	$	-	
Pool Maintenance	$	12,000	$	9,000	$	2,000	$	7,000	
Amenity Repairs & Maintenance	$	10,000	$	-	$	-	$	-	
Amenity Access Management	$	5,000	$	3,750	$	2,291	$	1,459	
Contingency	$	7,500	$	-	$	-	$	-	
Subtotal Amenity Expenditures	$	99,630	$	37,000	$	14,337	$	22,663	
					
Total Expenditures	$	401,757	$	259,477	$	137,983	$	121,494	
					
Excess (Deficiency) of Revenues over Expenditures	$	(0)		$	53,443		
					
Fund Balance - Beginning	$	-		$	10,374		
					
Fund Balance - Ending	$	(0)		$	63,817		

Eagle Hammock
Community Development District Debt Service Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2023

Adopted	Prorated Budget	Actual	
Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Revenues		
Assessments	$	255,747	$	144,887	$	144,887	$	-	
Assessments - Lot Closings	$	-	$	-	$	176,209	$	176,209	
Assessments - Prepayment	$	-	$	-	$	153,687	$	153,687	
Interest	$	-	$	-	$	7,626	$	7,626	
Total Revenues	$	255,747	$	144,887	$	482,409	$	337,522	

Expenditures:					
Interest - 11/01	$	62,550	$	62,550	$	62,550	$	-	
Principal - 05/01	$	55,000	$	55,000	$	55,000	$	-	
Interest - 05/01	$	99,638	$	99,638	$	99,638	$	-	
Special Call - 05/01	$	-	$	-	$	30,000	$	(30,000)	
Total Expenditures	$	217,188	$	217,188	$	247,188	$	(30,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	38,559		$	235,222		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	3,911	$	3,911	
Total Other Financing Sources (Uses)	$	-	$	-	$	3,911	$	3,911	
					
Net Change in Fund Balance	$	38,559		$	239,133		
					
Fund Balance - Beginning	$	62,550		$	164,959		
					
Fund Balance - Ending	$	101,109		$	404,092		

Eagle Hammock
Community Development District Construction Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2023

Adopted	Prorated Budget	Actual	
Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Revenues		
Developer Contributions	$	-	$	-	$	743	$	743	
Interest	$	-	$	-	$	39	$	39	
Total Revenues	$	-	$	-	$	781	$	781	

Expenditures:					
Capital Outlay - Cost of Issuance	$	-	$	-	$	743	$	(743)	
Total Expenditures	$	-	$	-	$	743	$	(743)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	39		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	(3,911)	$	(3,911)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(3,911)	$	(3,911)	
					
Net Change in Fund Balance	$	-	$	(3,872)		
					
Fund Balance - Beginning	$	-	$	3,872		
					
Fund Balance - Ending	$	-	$	-		

Eagle Hammock
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	

Revenues											

Assessments - Direct	
$	-	
$	7,150	
$	-	
$	-	
$	89,375	
$	-	
$	-	
$	-	
$	-	
$	-  $	-  $	-  $	96,525	
Assessments - Lot Closings	$	70,850	$	-	$	-	$	-	$	24,050	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	94,900	
Developer Contributions	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Total Revenues	$	70,850	$	7,150	$	-	$	-	$	113,425	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	191,425	

Expenditures:											

General & Administrative:											

Supervisor Fees	
$	-	
$	-	
$	800	
$	-	
$	800	
$	-	
$	-	
$	800	
$	-	
$	-  $	-  $	-  $	2,400	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Attorney	$	37	$	37	$	1,132	$	652	$	758	$	38	$	213	$	1,316	$	1,658	$	-  $	-  $	-  $	5,838	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,950	$	-	$	-  $	-  $	-  $	3,950	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Dissemination	$	417	$	417	$	417	$	417	$	417	$	417	$	667	$	417	$	417	$	-  $	-  $	-  $	4,000	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Management Fees	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	-  $	-  $	-  $	26,250	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	1,350	
Website Maintenance **	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	900	
Postage & Delivery	$	71	$	2	$	2	$	23	$	64	$	7	$	12	$	34	$	17	$	-  $	-  $	-  $	231	
Insurance	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,000	
Copies	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Legal Advertising	$	-	$	-	$	292	$	1,226	$	297	$	-	$	-	$	-	$	3,638	$	-  $	-  $	-  $	5,453	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Office Supplies	$	0	$	0	$	0	$	3	$	0	$	3	$	0	$	0	$	3	$	-  $	-  $	-  $	9	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	175	
Total General & Administrative:	$	13,865	$	3,622	$	5,809	$	5,487	$	5,502	$	3,631	$	4,058	$	9,683	$	8,899	$	-  $	-  $	-  $	60,556	

Operation and Maintenance											
Field Expenses											
Property Insurance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Field Management	$	625	$	625	$	625	$	625	$	625	$	625	$	625	$	625	$	1,250	$	-  $	-  $	-  $	6,250	
Landscape Maintenance	$	5,250	$	3,500	$	1,750	$	5,946	$	2,446	$	2,446	$	2,446	$	2,377	$	2,446	$	-  $	-  $	-  $	28,607	
Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Lake Maintenance	$	700	$	700	$	700	$	700	$	700	$	700	$	700	$	769	$	700	$	-  $	-  $	-  $	6,369	
Streetlights	$	-	$	-	$	702	$	-	$	2,406	$	5,309	$	4,804	$	-	$	2,406	$	-  $	-  $	-  $	15,627	
Electric	$	-	$	-	$	251	$	-	$	30	$	64	$	30	$	-	$	31	$	-  $	-  $	-  $	406	
Water and Sewer	$	50	$	44	$	70	$	63	$	457	$	59	$	88	$	216	$	86	$	-  $	-  $	-  $	1,133	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	1,020	$	3,677	$	-	$	-	$	-  $	-  $	-  $	4,697	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Total Field Expenditures:	$	6,625	$	4,869	$	4,098	$	7,334	$	6,664	$	10,223	$	12,370	$	3,987	$	6,920	$	-  $	-  $	-  $	63,090	

Eagle Hammock
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	

Amenity Expenditures											
Amenity - Insurance	$	-	$	-	$	-	$	-	$	-	$	-	$	3,971	$	-	$	-	$	-  $	-  $	-  $	3,971	
Amenity - Electric	$	-	$	-	$	-	$	-	$	-	$	491	$	307	$	-	$	341	$	-  $	-  $	-  $	1,139	
Amenity - Water	$	-	$	-	$	-	$	-	$	182	$	118	$	1,446	$	354	$	2,008	$	-  $	-  $	-  $	4,108	
Internet	$	-	$	-	$	-	$	-	$	-	$	179	$	73	$	73	$	73	$	-  $	-  $	-  $	398	
Pest Control	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Janitorial Service	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	430	$	-  $	-  $	-  $	430	
Security Services	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Pool Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,000	$	-  $	-  $	-  $	2,000	
Amenity Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Amenity Access Management	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,875	$	417	$	-  $	-  $	-  $	2,291	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Total Amenity Expenditures	$	-	$	-	$	-	$	-	$	182	$	788	$	5,797	$	2,302	$	5,269	$	-  $	-  $	-  $	14,337	
											
Total Expenditures	$	20,490	$	8,492	$	9,907	$	12,821	$	12,348	$	14,641	$	22,225	$	15,972	$	21,087	$	-  $	-  $	-  $	137,983	
											
Excess (Deficiency) of Revenues over Expenditures	$	50,360	$	(1,342)	$	(9,907)	$	(12,821)	$	101,077	$	(14,641)	$	(22,225)	$	(15,972)	$	(21,087)	$	-  $	-  $	-  $	53,443	

EAGLE HAMMOCK
Community Development District Long Term Debt Report

SERIES 2021, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	4.375%, 4.875%, 5.375%	
MATURITY DATE:	5/1/2052	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$126,953	
RESERVE FUND BALANCE	$126,953	
BONDS OUTSTANDING - 07/08/2022	$3,800,000	
LESS: Principal Payment - 05/01/23	($55,000)	
LESS: Special Call - 05/01/23	($30,000)	
CURRENT BONDS OUTSTANDING	$3,715,000