Blackburn Creek Community Development District
12051 Corporate Boulevard, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901
www.blackburncreekcdd.com

The meeting of the Board of Supervisors for the Blackburn Creek Community Development District will be held Wednesday, December 9, 2020 at 12:00 p.m. located at 5800 Lakewood Ranch Blvd, Sarasota, FL 34240. The following is the proposed agenda for this meeting.

Call in number: 1-844-621-3956 (New) Passcode: 790 562 990 # (New)
BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Call to Order
Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

General Business Matters

Consideration of the Minutes of the October 14, 2020 Board of Supervisors’ Meeting
Update of Project Status Completion from District Engineer
Consideration of Resolution 2021-02, Consideration of Revised Adopted Budget for Fiscal Year 2020
Ratification of Payment Authorizations 131-- 132
Review of District Financial Statements

Other Business

Staff Reports
District Counsel
District Engineer
District Manager
Audience Comments
Supervisors Requests

Adjournment

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Consideration of the Minutes of the October 14, 2020 Board of Supervisors’ Meeting

MINUTES OF MEETING

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Wednesday, October 14, 2020 12:00 P.M.
Via conference call due to the COVID-19 Executive Order 20-246

Board Members Present via Speaker or in Person:

Pete Williams	Chairperson		
Dale Weidemiller	Vice Chairman		
John Blakley	Assistant Secretary	(via phone)	
Kevin Johnson	Assistant Secretary	(via phone)	

Also Present via Speaker or in Person:

Vivian Carvalho District Manager-PFM Group Consulting, LLC
Venessa Ripoll	Assistant District Manager- PFM Group Consulting, LLC (via phone)
Kim Ashton	District Counsel- Vogler Ashton	(via phone) Ed Vogler	District Counsel- Vogler Ashton	(via phone) Bill Conerly	District Engineer- Kimley-Horn
Jim Schier	Neal Communities
Pam Curran	Neal Communities John Leinaweaver Neal Communities Priscilla Hein	Neal Communities
Janice Snow	Neal Communities
Misty Taylor	Bryant Miller Olive
Sete Zare	MBS Capital Markets	(via phone)

FIRST ORDER OF BUSINESS	Organizational Matters Call to Order and Roll Call
Ms. Carvalho called to order at 12:04 p.m. the meeting of the Board of Supervisors of the Blackburn Creek Community Development District and proceeded with roll call. The persons in attendance via speaker phone are outlined above.

Public Comment Period

There were no public comments at this time.

Discussion regarding Executive Order 20-246

A discussion took place regarding Executive Order 20-246. The Executive Order has been extended thru 12:01 AM of November 1, 2020. District Management will keep everyone informed if the Executive Order is lifted or extended beyond November 1, 2020.

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SECOND ORDER OF BUSINESS	General Business Matters

Consideration of the Minutes of the September 9, 2020 Board of Supervisors Meeting

The Board reviewed the Minutes of the September 9, 2020 Board of Supervisors Meeting.

On MOTION by Mr. Weidemiller, seconded by Mr. Williams, with all in favor, the Board approved the September 9, 2020 Board of Supervisors Meeting.

Discussion Regarding Material on the District Website

Ms. Carvalho reviewed the recent amendments to Section 189.069 (2)(a), Florida Statutes as it relates to material on the District website that when into effect as of July 1, 2020.  The consensus of the Board is to keep everything on the website except for Funding Requests, Payment Authorizations, and Requisitions as a backup. Only include the cover pages accordingly.

On MOTION by Mr. Williams, seconded by Mr. Johnson, with all in favor, the Board approved keeping everything on the website except for Funding Requests, Payment Authorizations, and Requisitions as a backup. Only include the cover pages accordingly.

Consideration of Resolution 2021- 01, Authorizing Disbursement of Funds

The Board reviewed Resolution 2021-01, Authorizing Disbursement of Funds.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board approved Resolution 2021-01, Authorizing Disbursement of Funds.

CDD Buildout portion of Community Update – Current and Anticipated Completion Date

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Mr. Conerly stated the infrastructure is getting close to buildout and noted he can collect information regarding the completion date and report it back to the District Management Team to circulate among the Board.

Specific Infrastructure Items CDD is Responsible for Maintenance in the CDD/Community on Going

Ms. Carvalho asked the District’s maintenance involvement once the project is deemed complete for the infrastructure of the District property. Mr. Conerly said he will also include that information but generally speaking it will be the stormwater facilities within the project which include curb as well as the majority of the improvements are water/sewer infrastructure and offsite roadway improvement which have been conveyed to the County of jurisdiction. The CDD is responsible for the stormwater facilities, piping, structures, and curb and gutter as a drainage element.

Mr. Vogler stated these matters are reflected on the plat and the Engineer’s Report and there are agreements that exist. There are very few CDD improvements in this District which include the pipes that connect the lakes but not the actual lakes, not the pumps, and the curb and gutter system which is part of the irrigation system that directs rainwater into the system and into ponds. The ponds are privately owned and the irrigation system is privately owned and the District will Budget and maintain the District improvements and only the District improvements.

Mr. Leinaweaver asked if the irrigation pumps were excluded. Mr. Schier confirmed that the irrigation pumps are owned privately by Blackburn Water Conservation and not by the District . There is no action required by the Board.

Mr. Conerly stated his statements are based on the Capital Improvements and he is not speaking toward the Operations & Maintenance responsibilities of the District.

Ratification of Payment Authorizations 126 - 128

The Board reviewed Payment Authorizations 126-128.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board Ratified Payment Authorizations 126-128.

Review of District Financial Statements

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The Board reviewed the District Financials through September 30, 2020

On MOTION by Mr. Weidemiller, seconded by Mr. Johnson, with all in favor, the Board accepted the District Financials through September 30, 2020.

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THIRD ORDER OF BUSINESS	Other Business Staff Reports
District Counsel – No Report

District Engineer – Mr. Conerly provided an update on the phases. He is beginning to complete some of the phases which were held over. The project has been completed in incremental stages /phases and the District may have portions under the first Bond Issuance that are never completely finalized because of the Water Management System. The District will be closing those out, certifying them, transferring them to the Operation & Maintenance portion of the District responsibility which should conclude all of the effort associated with the improvement for those Bond Issuances.

District Manager – Ms. Carvalho presented a reimbursement for postage to Mr. Williams totaling $36.00.

On MOTION by Mr. Weidemiller, seconded by Mr. Johnson, with all in favor, the Board approved the reimbursement to Mr. Williams for postage totaling $36.00.

FOURTH ORDER OF BUSINESS	Audience Comments and
Supervisors Requests

Mr. Weidemiller asked Mr. Leinaweaver if he had any update on the candidates for the Board and he replied that he did not have an update.

Ms. Carvalho stated the District needs to fill two Board Member seats with residents and the Board has between November 17, 2020 and January 31, 2021. Mr. Williams asked who is remaining in the Landowner Seat. Ms. Carvalho stated it is Mr. Williams which Seat 3 term expires November 2022.

FIFTH ORDER OF BUSINESS	Adjournment

There was no additional business to discuss. Ms. Carvalho requested amotion to adjourn.

On MOTION by Mr. Weidemiller seconded by Mr. Williams, with all in
favor, the October 14, 2020 Meeting of the Board of Supervisors of the Blackburn Creek Community Development District was adjourned at 12 :23 P.M.

__________________________	___________________________
Secretary/Assistant Secretary	Chairperson/Vice Chairperson

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BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Update of Project Status Completion from District Engineer

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT
Summary of Facilities and Services

FACILITY	
CONSTRUCTION	
OWNERSHIP	
CAPITAL FINCANCING	
OPERATION AND MAINTENANCE	

Roadways	
Private	
Private	
Private	
Private	
Street/Entry Lighting (Blvd Lighting Only)	
Private	
Private	
Private	
Private	
Clearing, Earthwork, and BMPs	
Private	
Private	
Private	
Private	
Water and Wastewater Lines and Facilities	
CDD	
County	Specail Assessment Revenue Bonds	
County	
Reclaimed Water (Storage, Pumping, and Distribution)	
Private	
Private	
Private	
Private	
Stormwater Management
drainage system, services and facilities	
CDD	
CDD	Specail
Assessment Revenue Bonds	CDD Maintenance Assessment	

Landscaping and Irrigation	
Private	
Private	
Private	
Private	
Parks, Recreation, and Community Facilities	
Private	
Private	
Private	
Private	
Entrance Features, Signs and Security	
Private	
Private	
Private	
Private	
Public Roadway Improvements (Turn lanes and Signals)	
CDD	
County	Specail Assessment Revenue Bonds	
County	
Offsite Utility Extensions (Wastewater)	
CDD	
County	Specail Assessment Revenue Bonds	
County	
Professional Fees, Design, and Permitting	
---	
---	
---	
---	
*Taken from Supplementary Engineering Report 4th Bond Issuance

CENTER ROAD

 CENTER ROAD	 	

PHASE 2C

PHASE 1Ba

 		PHASE 1A 	

PHASE 1Cb

PHASE 1Aa

ALL PHASES HAVE BEEN CONSTRUCTED

©

PHASE 2A

CONSTRUCTED EXHIBIT

 	

PHAS  E 1B	 	 	

PHA  SE 1Ca	 	

PHASE 3A  	        	 	

PHASE 3B

PHASE 3C

PHASE 2B

GRAND PALM CONSTRUCTION EXHIBIT
FOR
BLACKBURN CREEK CDD

EXHIBIT

CENTER ROAD

 CENTER ROAD	 	

PHASE 2C

PHASE 1Ba

 		PHASE 1A 	

PHASE 1Cb

PHASE 1Aa

LD CERTIFIED WITH COUNTY

©

PHASE 2A

GRAND PALM
CONSTRUCTION EXHIBIT   LD CERTIFIED W/	 	

COUNTY EXHIBIT   	

PHAS  E 1B	 	 	

PHA SE 1Ca

PHASE 3A  	        	 	

PHASE 3B

PHASE 3C

PHASE 2B

FOR
BLACKBURN CREEK CDD

EXHIBIT

CENTER ROAD

 CENTER ROAD	 	

PHASE 2C

PHASE 1Ba

 		PHASE 1A 	

PHASE 1Cb

PHASE 1Aa

UTILITIES TURNED OVER

 	

©

PHASE 2A

 	

PHAS  E 1B	 	 	

UTILITY
TURNOVER EXHIBIT

PHA SE 1Ca

PHASE 3A  	        	 	

PHASE 3B

PHASE 3C

PHASE 2B

GRAND PALM CONSTRUCTION EXHIBIT
FOR
BLACKBURN CREEK CDD

EXHIBIT

CENTER ROAD

 CENTER ROAD	 	

PHASE 2C

PHASE 1Ba

 		PHASE 1A 	

©

TRANSFERRED TO OPERATION WITH SWFWMD

PHAS  E 1B	 	 	

PHASE 1Cb

PHASE 1Aa

SUBPHASE PHASE 2A(a)

SUBPHASE PHASE 2A(b)

SUBPHASE  	   	
PHASE 2A(d)

 	   	

 	

 	

 	

SUBPHASE	 	
PHASE

PHASE 2A

 		SUBPHASE PHASE

 		2A(e)

PHA SE 1Ca

 		2A(c)

SWFWMD
TRANSFER TO OPERATION
EXHIBIT

PHASE 3A  	        	 	

PHASE 3B

PHASE 3C

PHASE 2B

GRAND PALM CONSTRUCTION EXHIBIT
FOR
BLACKBURN CREEK CDD

EXHIBIT

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Consideration of Resolution 2021-02, Consideration of Revised Adopted Budget for Fiscal Year 2020

RESOLUTION 2021-02

THE REVISED ANNUAL APPROPRIATION RESOLUTION OF BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT (THE “DISTRICT”) RELATING TO THE REVISED ANNUAL APPROPRIATIONS AND ADOPTING THE REVISED BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020

WHEREAS, the Blackburn Creek Community Development District Board of Supervisors (the “Board”) previously approved and adopted an annual budget for the fiscal year beginning October 1, 2019 and ending September 30, 20 20 , pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the Board now desires to revise the annual budget for the fiscal year beginning October 1, 2019 and ending September 30, 2020; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that the District Board by passage of the Annual Appropriation Resolution shall adopt a budget for the each fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the Proposed Budget projects the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT;

Section 1.	Budget

That the Board of Supervisors has reviewed the District Manager’s Proposed Budgets, a copy of which is 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.

That the District Manager’s Proposed Budgets, attached hereto as Exhibit
 “A,” are hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes, and incorporated herein by reference; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures for fiscal year 2019- 2020.

1

That the adopted budget shall be maintained in the office of the District Manager and at the District’s Records Office and identified as “The Revised Budget for the Blackburn Creek Community Development District for the Fiscal Year Beginning October 1, 2019 and Ending September 30, 2020", as adopted by the Board of Supervisors on August 14, 2019.

Section 2.	Appropriations

There is hereby appropriated out of the revenues of the Blackburn Creek Community Development District, for the fiscal year beginning October 1, 2019, and ending September 30, 2020, the sum of money to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$______________

TOTAL ALL FUNDS	$ 	 	

Section 3.	Supplemental Appropriations

The Board may authorize by resolution, supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows:

Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item.

Board may authorize an appropriation from the unappropriated balance of any fund.

Board may increase any revenue or income budget amount to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

The District Manager and Treasurer shall have the power within a given f und to authorize the transfer of any unexpected balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred previously approved transfers included. Such transfer shall not have the effect of causing a more than $10,000 or 10% increase, previously approved transfers included, to the original budget appropriation for the receiving program. Transfers within a program or project may be approved by the Board of Supervisors.  The District Manager or Treasurer must establish administrative procedures which require information on the request forms proving that such transfer requests comply with this section.

2

Introduced, considered favorably, and adopted this 9th day of December 2020.

ATTEST:	BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Secretary

By:	 Its: 	

3

Blackburn Creek CDD
Revised FY 2020 O&M Budget

Actuals Through 09/30/2020

FY 2020
Adopted Budget

Revised FY 2020 Budget

Increase / (Decrease)

Revenues
On-Roll Assessments

$	86,198.22

$ 144,755.00

$   144,755.00	$	-

Off-Roll Assessments	57,126.80	-	-	-

Net Revenues

General & Administrative Expenses

$	143,325.02

$ 144,755.00

 
$   144,755.00	$	-

Supervisor Fees	$	11,600.00		$	12,000.00		$	12,000.00		$	-	
Public Officials' Insurance	2,423.00		2,600.00		2,600.00		-	
Trustee Services	14,388.13		16,000.00		16,000.00		-	
Management	25,000.00		25,000.00		25,000.00		-	
Engineering	-		10,000.00		10,000.00		-	
Dissemination Agent	13,750.00		10,000.00		13,750.00		3,750.00	
District Counsel	4,902.50		20,000.00		20,000.00		-	
Assessment Administration	15,000.00		15,000.00		15,000.00		-	
Reamortization Schedules	1,250.00		1,000.00		1,250.00		250.00	
Audit	4,500.00		4,500.00		4,500.00		-	
Arbitrage Calculation	500.00		1,000.00		1,000.00		-	
Telephone	-		200.00		200.00		-	
Postage & Shipping	454.35		450.00		454.35		4.35	
Copies	-		150.00		150.00		-	
Legal Advertising	2,557.77		5,000.00		5,000.00		-	
Office Supplies	-		200.00		200.00		-	
Web Site Maintenance	2,400.00		2,700.00		2,700.00		-	
Dues, Licenses, and Fees	175.00		200.00		200.00		-	
Stormwater Management	-		10,000.00		5,995.65		(4,004.35)	
General Insurance	3,499.00		3,755.00		3,755.00		-	
General Repair & Maintenance	-		5,000.00		5,000.00		-	
Total General & Administrative Expenses	$	102,399.75		$ 144,755.00		$ 144,755.00		$	-	

Total Expenses

  $	102,399.75 

   $ 144,755.00 

   $ 144,755.00 

  $	-	

Income (Loss) from Operations Other Income (Expense)
Interest Income
Total Other Income (Expense)

Net Income (Loss)

$	40,925.27	$	-	$

$	-	$	-	$

$	-	$	-	$

$	40,925.27	$	-	$

-	$	-

-	$	-

-	$	-

-	$	-

   

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Ratification of Payment Authorizations 131 -- 132

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization 131-132

PA #	Description	Amount	Total	
				
131	Sarasota Herald Tribune	$277.75		
			$277.75	
				
132	PFM Group Consulting	$	2,500.00		
	Sarasota Herald Tribune	$154.00		
			$2,654.00	

				

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 131 11/6/2020
Item No.

Payee

Invoice	General
No.	Fund

Fiscal Year

1	Sarasota Herald Tribune
Legal Advertising on 11/04/2020

[/��
Secretary/ Assistant Secretary

SC52GOS614	$	277.75
TOTAL	$	277.75

277.75

�	A/

=
ChairmanlViceChan

FY 2021

FY 2020 Qv2021

[	]

RECEIVED	
By Amanda Lane at 10:14 am, Nov 09, 2020

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 132
11/13/2020

Item
No.	Payee	Invoice No.	General Fund	Fiscal Year	
1	PFM Group Consulting				
	DM Fee: November 2020	DM-11-2020-0058	$	2,500.00	FY 2021	
2	Sarasota Herald Tribune
Legal Advertising on 10/07/2020	
SC52G0S4WQ	
$	154.00	
FY 2021	
		
TOTAL	$	2,654.00		
				
FY 2020	
			2,654.00	FY 2021	

//��
Secretary I Assistant Secretary	Chairman I Vice Chairman

]

[ RECEIVED
By Amanda Lane at 9:48 am, Nov 16, 2020

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Review of District Financial Statements

Blackburn Creek CDD Statement of Financial Position As of 11/30/2020

General Fund

Debt Service Fund

Debt Service Fund - 2015A1&A2

Debt Service Fund - 2018

Capital  Proiects Fund - 2013A

Capital Proiects  Fund - 2015A

Capital Proiects Fund - 2018

Long Term Debt	Total Group

Current Assets					Assets		
General Checking Account	$86,993.28															$86,993.28	
Assessments Receivable	56,644.75															56,644.75	
Prepaid Expenses	26,451.59															26,451.59	
Assessments Receivable			$343,713.22													343,713.22	
Due From Other Funds			5,099.20													5,099.20	
Debt Service Reserve 2013A Bond			175,000.00													175,000.00	
Debt Service Reserve 2019A Bond			91,809.05													91,809.05	
Revenue 2013A Bond			134,048.74													134,048.74	
Revenue 2019A Bond			79,003.86													79,003.86	
Interest A1 Bond			130,350.00													130,350.00	
Interest 2019A1 Bond			87,805.00													87,805.00	
Interest 2019A2 Bond			39,900.00													39,900.00	
Prepayment 2013A Bond			14,052.67													14,052.67	
Sinking Fund 2013A Bond			2.56													2.56	
Assessments Receivable					$39,689.38											39,689.38	
Debt Service Reserve 2015A1 Bond					229,812.50											229,812.50	
Debt Service Reserve 2015A2 Bond					84,062.50											84,062.50	
Revenue 2015A Bond					49,395.39											49,395.39	
Interest 2015A1 Bond					90,687.50											90,687.50	
Interest 2015A2 Bond					32,343.76											32,343.76	
Prepayment 2015A1 Bond					4,891.91											4,891.91	
Prepayment 2015A2 Bond					26,931.29											26,931.29	
Sinking Fund 2015A1 Bond					0.21											0.21	
Revenue 2018A Bond						$282,371.19										282,371.19	
Interest 2018A1 Bond						271,330.00										271,330.00	
Prepayment 2018A1 Bond						33,143.33										33,143.33	
Debt Service Reserve 2018A1 Bond						172,624.92										172,624.92	
Interest 2018A2 Bond						11,549.25										11,549.25	
Prepayment 2018A2 Bond						113,011.79										113,011.79	
Capitalized Interest Account 2018A2 Bond						43,822.25										43,822.25	
Assessments Receivable						613,422.82										613,422.82	
Acquisition/Construction 2013A Bond								$22,018.24								22,018.24	
Acquisition/Construction 2019A Bond								417,302.13								417,302.13	
Acquisition/Construction 2015A Bond										$150,949.89						150,949.89	
Acquisition/Construction 2018A Bond												$149,345.32				149,345.32	
Restricted Acq/Construction 2018A Bond					
							70,084.77				70,084.77	
Total Current Assets	$170,089.62		$1,100,784.30		$557,814.44	$1,541,275.55		$439,320.37		$150,949.89		$219,430.09		$0.00		$4,179,664.26	

Page 1 of 3

Blackburn Creek CDD Statement of Financial Position As of 11/30/2020

General Fund

Debt Service Fund

Debt Service Fund - 2015A1&A2

Debt Service Fund - 2018

Capital  Proiects Fund - 2013A

Capital Proiects  Fund - 2015A

Capital Proiects Fund - 2018

Long Term Debt	Total Group

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

$2,197,949.67	$2,197,949.67
21,988,050.33	21,988,050.33

$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$24,186,000.00	$24,186,000.00

 	  	     
$170,089.62	$1,100,784.30	$557,814.44	$1,541,275.55	$439,320.37	$150,949.89	$219,430.09	$24,186,000.00	$28,365,664.26

 	  	     

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$923.12																$923.12	
Deferred Revenue	56,644.75																56,644.75	
Deferred Revenue			$343,713.22														343,713.22	
Deferred Revenue					$39,689.38												39,689.38	
Deferred Revenue							$613,422.82										613,422.82	
Retainage Payable											$16,006.15						16,006.15	
Total Current Liabilities	$57,567.87		$343,713.22		$39,689.38		$613,422.82		$0.00		$16,006.15		$0.00		$0.00		$1,070,399.44	

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities

Total Liabilities

$24,186,000.00	$24,186,000.00

$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$24,186,000.00	$24,186,000.00

 	  	     
$57,567.87	$343,713.22	$39,689.38	$613,422.82	$0.00	$16,006.15	$0.00	$24,186,000.00	$25,256,399.44

 	  	     

Page 2 of 3

Blackburn Creek CDD Statement of Financial Position As of 11/30/2020

General Fund

Debt Service Fund

Debt Service Fund - 2015A1&A2

Debt Service Fund - 2018

Capital  Proiects Fund - 2013A

Capital Proiects  Fund - 2015A

Capital Proiects Fund - 2018

Long Term Debt	Total Group

Net Assets
Net Assets, Unrestricted	$108,466.04																($3,421.82)	
Current Year Net Assets - General Government	4,055.71																44,998.85	
Net Assets, Unrestricted			$676,760.60														707,719.95	
Current Year Net Assets, Unrestricted			80,310.48														49,351.13	
Net Assets, Unrestricted					$497,109.65												595,275.08	
Current Year Net Assets, Unrestricted					21,015.41												(77,150.02)	
Net Assets, Unrestricted							$809,031.19										813,451.05	
Current Year Net Assets, Unrestricted							118,821.54										114,401.68	
Net Assets, Unrestricted									$439,319.50								439,319.50	
Current Year Net Assets, Unrestricted									0.87								0.87	
Net Assets, Unrestricted											$134,943.74						134,943.74	
Current Year Net Assets, Unrestricted											0.00						0.00	
Net Assets, Unrestricted													$219,429.91				219,429.91	
Current Year Net Assets, Unrestricted													0.18				0.18	
Total Net Assets	$112,521.75		$757,071.08		$518,125.06		$927,852.73		$439,320.37		$134,943.74		$219,430.09		$0.00		$3,038,320.10	
																		
Total Liabilities and Net Assets	$170,089.62		$1,100,784.30		$557,814.44		$1,541,275.55		$439,320.37		$150,949.89		$219,430.09		$24,186,000.00		$28,294,719.54	

Page 3 of 3

Blackburn Creek CDD Statement of Activities As of 11/30/2020

General Fund

Debt Service Fund

Debt Service Fund - 2015A1&A2

Debt Service Fund - 2018

Capital Proiects Fund - 2013A

Capital  Proiects Fund - 2015A

Capital Project Fund - 2018

Long Term	Total Debt Group

Revenues

Off-Roll Assessments	$11,710.58																$11,710.58	
Off-Roll Assessments			$80,311.35														80,311.35	
Inter-Fund Group Transfers In			(0.87)														(0.87)	
Off-Roll Assessments					$6,243.21												6,243.21	
Other Assessments					14,772.20												14,772.20	
Off-Roll Assessments							$99,166.08										99,166.08	
Other Assessments							19,655.64										19,655.64	
Inter-Fund Transfers							(0.18)										(0.18)	
Inter-Fund Transfers In									$0.87								0.87	
Inter-Fund Transfers													$0.18				0.18	
Total Revenues	$11,710.58		$80,310.48		$21,015.41		$118,821.54		$0.87		$0.00		$0.18		$0.00		$231,859.06	

Expenses

Supervisor Fees	$1,000.00	$1,000.00	
Management	5,000.00	5,000.00	
District Counsel	756.00	756.00	
Postage & Shipping	42.12	42.12	
Legal Advertising	431.75	431.75	
Web Site Maintenance	250.00	250.00	
Dues, Licenses, and Fees	175.00	175.00	
Total Expenses	$7,654.87		$0.00		$0.00		$0.00		$0.00		$0.00		$0.00		$0.00		$7,654.87	

Other Revenues (Expenses) & Gains (Losses)

Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$0.00		$0.00		$0.00		$0.00		$0.00		$0.00		$0.00		$0.00	
Change In Net Assets	$4,055.71		$80,310.48		$21,015.41		$118,821.54		$0.87		$0.00		$0.18		$0.00		$224,204.19	

Net Assets At Beginning Of Year	
$108,466.04		
$676,760.60		
$497,109.65		
$809,031.19		
$439,319.50		
$134,943.74		
$219,429.91		
$0.00		
$2,885,060.63	

Net Assets At End Of Year	

$112,521.75		

$757,071.08		

$518,125.06		

$927,852.73		

$439,320.37		

$134,943.74		

$219,430.09		

$0.00		

$3,109,264.82	

Page 1 of 1

Blackburn Creek CDD
Budget to Actual
For the Month Ending 11/30/2020

Year To Date

Actual	Budget	Variance

FY 2021
Adopted Budget

Revenues

On-Roll Assessments	$	-		$	24,125.83		$	(24,125.83)		$ 144,755.00	
Off-Roll Assessments	11,710.58		-		11,710.58		-	
Carryforward Cash	5,000.00		833.33		4,166.67		5,000.00	
Surplus of Carryforward as of YE	92,041.05		5,000.00		87,041.05		30,000.00	
Net Revenues	$	108,751.63		$	29,959.16		$	78,792.47		$ 179,755.00	

General & Administrative Expenses

Supervisor Fees	$	1,000.00		$	2,000.00		$	(1,000.00)		$	12,000.00	
Public Officials' Insurance	-		433.33		(433.33)		2,600.00	
Trustee Services	-		2,666.67		(2,666.67)		16,000.00	
Management	5,000.00		5,000.00		-		30,000.00	
Engineering	-		1,666.67		(1,666.67)		10,000.00	
Dissemination Agent	-		2,500.00		(2,500.00)		15,000.00	
District Counsel	756.00		3,333.33		(2,577.33)		20,000.00	
Assessment Administration	-		2,500.00		(2,500.00)		15,000.00	
Reamortization Schedules	-		166.67		(166.67)		1,000.00	
Audit	-		750.00		(750.00)		4,500.00	
Arbitrage Calculation	-		166.67		(166.67)		1,000.00	
Postage & Shipping	42.12		75.00		(32.88)		450.00	
Legal Advertising	431.75		583.33		(151.58)		3,500.00	
Miscellaneous	-		33.32		(33.32)		200.00	
Web Site Maintenance	250.00		450.00		(200.00)		2,700.00	
Dues, Licenses, and Fees	175.00		29.17		145.83		175.00	
Stormwater Management	-		1,666.67		(1,666.67)		10,000.00	
70% to Stormwater	-		3,500.00		(3,500.00)		21,000.00	
General Insurance	-		625.83		(625.83)		3,755.00	
General Repair & Maintenance	-		312.50		(312.50)		1,875.00	
30% to Hardscape	-		1,500.00		(1,500.00)		9,000.00	
Total General & Administrative Expenses	$	7,654.87		$	29,959.16		$	(22,304.29)		$ 179,755.00	

Total Expenses

  $	7,654.87 

   $	29,959.16 

   $	(22,304.29)

  $ 179,755.00 

Income (Loss) from Operations

Other Income (Expense)
Interest Income
Total Other Income (Expense)

Net Income (Loss)

$	101,096.76	$

$	-	$

$	-	$

$	101,096.76	$

-	$	101,096.76	$	-

-	$	-	$	-

-	$	-	$	-

-	$	101,096.76	$	-

  	 

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