Blackburn Creek Community Development District
3501 Quadrangle Boulevard, Suite 270, 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, March 8, 2023, 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 Passcode: 790 562 990 #
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 February 8, 2023, Board of Supervisors’ Meeting
Consideration of GNP Services Arbitrage Rebate Report Engagement Letter
Acceptance of Engineer’s Certification of Completion of Construction for Series 2018A-1 and Series 2018A-2 Bonds
Acceptance of Engineer’s Certification of Completion of Construction for Series 2019A-1 and Series 2019A-2 Bonds
Ratification of Payment Authorization No. 192
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

Minutes of the February 8, 2023 Board of Supervisors’ Meeting

MINUTES OF MEETING

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Wednesday, February 8, 2023, at 12:00 p.m. 5800 Lakewood Ranch Blvd., Sarasota, FL 34240

Board Members Present via Speaker or in Person:

Kevin Johnson	Chairperson		
Jerald Dell	Vice Chairperson	(via phone)	
David Trast	Assistant Secretary		
Kirk Fegley	Assistant Secretary		
Phil Davis	Assistant Secretary		

Also Present via Speaker or in Person:

Vivian Carvalho	District Manager- PFM Group Consulting LLC		
Venessa Ripoll	District Manager- PFM Group Consulting LLC	(via phone)	
Jorge Jimenez	ADM- PFM Group Consulting LLC	(via phone)	
Rick Montejano	Accountant - PFM Group Consulting LLC	(via phone)	
Ed Vogler	Vogler Ashton	(via phone)	
Bill Conerly	Kimley-Horn	(via phone)	
Dale Weidemiller	Audience Member - joined at 12:10 p.m.	(via phone)	

FIRST ORDER OF BUSINESS		Organizational Matters Call to Order and Roll Call
The Board of Supervisors’ Meeting for the Blackburn Creek CDD was called to order at 12:02
p.m. by Ms. Carvalho. Those in attendance are outlined above either in person or via speaker phone.

Public Comment Period

There were no public comments.

SECOND ORDER OF BUSINESS	General Business

Consideration of the Minutes of the January 11, 2023, Board of Supervisors’ Meeting

The Board reviewed the minutes.

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ON MOTION by Mr. Trast seconded by Mr. Davis, with all in favor, the Board approved the Minutes of the January 11, 2023, Board of Supervisors’ Meeting.

Review and Consideration of Stormwater Structures Piping Inspection Proposals (provided under separate cover)

Mr. Conerly provided an update and stated that he had reached out to various vendors for this project. He was told that inspection of the pipes would be about $2.00 per foot of piping where the community has a little under 57,000 linear feet of pipe. The vacuuming of the pipe would be around $4.00 per foot of piping. The companies are requiring an on-site inspection for a written proposal to be provided. Mr. Conerly asked District Counsel for the amount at which the District would have to go out for a formal bid. Mr. Vogler stated that it would be around $200,000.00, if deemed an emergency it might allow for some relief. Mr. Conerly shared that he does not believe that this request is an emergency. He also shared his opinion that the District should limit the potential for inspection to outfall structures. The Board discussed what the concerns raised about the stormwater system were. Ms. Carvalho will provide the stormwater analysis report to the Board following this meeting. Mr. Conerly proposed going through with the 5-year budget cycle. The Board asked Mr. Conerly if he could contact the county for names of companies that can provide this service.

Update of Capital Projects Turnover and Completion Status

Mr. Conerly stated that certification through the municipality of Sarasota County and Water Management District have been completed. He noted that there are two more that will be sent out on the 19th and the 18th. He noted the work has been certified through the municipality and just needs to be certified by the trustee. It was requested that this be completed before the next hurricane season.

Ratification of Payment Authorizations 190-191

ON MOTION by Mr. Fegley seconded by Mr. Trast, with all in favor, the Board ratified Payment Authorizations 190 - 191.

Ratification of Requisitions Nos. 2019-112 – 2019-114

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ON MOTION by Mr. Davis seconded by Mr. Dell, with all in favor, the Board ratified Requisitions Nos. 2019-112 – 2019-114.

Review of District Financial Statements

Mr. Montejano stated that they have 1 three-month CD with a maturity date of May 2 of this year. They will be able to start another three-month CD that would go into effect in March 2023 that would then mature in June 2023. Mr. Montejano discussed the interest rates with the Board. The Board decided on transferring the money form their CD to their money market account on May 2, 2023.
THIRD ORDER OF BUSINESS	Staff Reports District Counsel –	No report.
District Engineer –	No report.

District Manager –	Ms. Carvalho noted the next meeting is scheduled for March 8,
2023, at 12:00 p.m.

FOURTH ORDER OF BUSINESS	Audience  Comments  and  Supervisor
Requests

Mr. Dell stated that he will be resigning from his position after next month. Ms. Carvalho stated that the Board will address the resignation at the adjournment of the next Board of Supervisors Meeting scheduled for March 8, 2023.

FIFTH ORDER OF BUSINESS	Adjournment

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

ON MOTION by Mr. Johnson, seconded by Mr. Fegley, with all in favor, the February 8, 2023, Meeting of the Board of Supervisors of the Blackburn Creek Community Development District was adjourned at 12:27 p.m.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

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BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

GNP Services Arbitrage Rebate Report Engagement Letter

GNP Services, CPA, PA
www.gnpcpas.com
5000 US Highway 17 S #18187	P.O. Box 1179
Fleming Island, FL 32003	Orange Park, FL 32067-1179

February 23, 2023

Mr. Vivian Carvalho District Manager
c/o PFM Group Consulting, LLC 3501 Quadrangle Blvd., Suite 270
Orlando, Florida 32817

RE:	Blackburn Creek Community Development District $5,455,000 Special Assessment Revenue Bonds, Series 2013A (Grand Palm Project)

Dear Ms. Carvalho:

This letter is to confirm and specify the terms of our prospective engagement to provide arbitrage rebate services for the Bond listed on the attached schedule (the “Bonds”) and to clarify the nature and extent of the services we will provide. In order to ensure an understanding of our mutual responsibilities, we ask all clients for whom services are to be performed to confirm the following understanding.
We will perform mathematical computations to calculate the arbitrage rebate liability for the Bonds. The report we deliver on any computation date that is not an installment computation date will be in the form of a cover letter with a synopsis presenting the arbitrage rebate liability; on each installment computation date a full report with all supporting schedules will be provided. We will also prepare any Internal Revenue Service forms that are required to be filed in connection with the arbitrage rebate liability for the Bonds.
The mathematical computations will be performed using information that you or the Bonds trustee will furnish to us. We will make no audit or other verification of the data you submit, although we may need to ask you for clarification of some of the information.
It is your responsibility and that of the Bonds trustee to provide all the information required for the preparation of the complete and accurate calculation of the arbitrage rebate liability. You represent that the information you are supplying to us is accurate and complete to the best of your knowledge. You should retain all the documents and other data that form the basis of the calculation of the arbitrage rebate liability. These may be necessary to prove the accuracy and completeness of any returns required to be filed with a taxing authority.

Our work in connection with the preparation of the calculation of the arbitrage rebate liability does not include any procedures designed to discover defalcation or other irregularities, should any exist.

We will use our judgment in resolving questions where the tax law is unclear, or where there may be conflicts between the taxing authorities' interpretations of the law and other supportable positions. We plan to perform reasonable research to support positions taken in your returns. Unless otherwise instructed by you, we will resolve such questions in your favor whenever possible.

The law provides for a penalty to be imposed on any underpayment that results from negligence or disregard of rules or regulations. Negligence "includes any failure to make a reasonable attempt to comply..." with the code. Disregard "includes any careless, reckless or intentional disregard". The law also provides various other penalties that may be imposed when taxpayers understate their tax liability. If the tax authorities assess penalties, you agree to be responsible for their payment and not to look to us for reimbursement.

Your returns may be selected for review by the taxing authorities. Any proposed adjustments by the examining agent are subject to certain rights of appeal. In the event of such government tax examination, we recommend that you hire a competent professional to represent you. We will be available, upon request, to represent you and will render additional invoices for the time and expenses incurred.

Our fee for these services will be as set forth on Schedule A. Payment is due on receipt. Invoices not paid within ten days are subject to interest at the rate of 1% per month, prorated for the applicable number of days. After ninety days if the invoice remains unpaid, the account may be turned over to a collection agency. Any costs related to collection will be your responsibility.
We will continue to prepare the calculations unless advised in writing at least thirty days prior to the Bond Year end that our services are not required.

Our report will be delivered to the email address you specify on the attachment to this engagement letter. Please complete the name, title, phone number and email address for each recipient to whom you would like the report to be sent.

We will not be providing any services nor preparing any returns for you that are not covered by this agreement. If you do not accept the above conditions we will be unable to provide any services. If you have any questions regarding anything in this letter, you may contact me using the information shown above. We want to express our appreciation for this opportunity to work with you.

Sincerely,

GNP Services, CPA, PA

SCHEDULE A
FEES FOR ANNUAL AND INSTALLMENT PERIODS REBATABLE ARBITRAGE LIABILITY CALCULATIONS

Blackburn Creek Community Development District
$5,455,000 Special Assessment Revenue Bonds, Series 2013A (Grand Palm Project)

One year period fee other than installment date calculation	
Cover letter and synopsis	 $		500 	(*)	
				
One year period fee for installment date calculation	
Full report	 $		500 	(*)	

(*) The fee does not include providing any services to allocate commingled funds.

Proposal to perform annual and installment date arbitrage rebate calculation is accepted as evidenced by the signature below:

Signature	Title

Printed Name

Telephone Number

Email

Report Recipients:	
Printed Name		Title		Telephone Number		Email	
Printed Name		Title		Telephone Number		Email	
Printed Name		Title		Telephone Number		Email	
Printed Name		Title		Telephone Number		Email	

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Engineer’s Certification of Completion of Construction for Series 2018A-1 and Series 2018A-2 Bonds

THIS DOCUMENT HAS BEEN DIGITALLY SIGNED AND SEALED BY WILLIAM E. CONERLY, P.E.
ON THE DATE ADJACENT TO THE SEAL.

PRINTED COPIES OF THIS DOCUMENT ARE NOT CONSIDERED SIGNED AND SEALED AND THE SIGNATURE MUST BE VERIFIED ON ANY ELECTRONIC COPIES.

WILLIAM E. CONERLY, P.E. No.: 57414 KIMLEY-HORN AND ASSOCIATES, INC. REGISTRY No.: 696
1777 MAIN STREET, SUITE 200
SARASOTA, FLORIDA 34236

ENGINEER’S CERTIFICATION OF
COMPLETION OF CONSTRUCTION

Project Name:
        
           	

I hereby certify that to the best of my knowledge and belief this project has been built in accordance with the construction plans and specifications as approved by Sarasota County and the Water Management District, and that minor deviations, as listed and noted in the signed and sealed record drawings, will not prevent the project from functioning in compliance with the design intent, or other development requirements.
These determinations have been based upon the site observations of construction, scheduled and conducted by me or by a representative under my direct supervision. All reasonable and required inspections, tests and physical measurements have been made to determine this work has been done in accordance with the approved construction documents and other Sarasota County standards.

The Date of Completion is: August 16, 2022 – Final Certification which was from the Southwest Florida Water Management District.

February 9, 2023

Signature of District Engineer	William E. Conerly, P.E.	
Name
(AFFIX SEAL HERE)	57414	
Florida P.E. No.
Kimley-Horn and Associates, Inc.
Company Name
1777 Main St, Suite 200	
Company Street Address
Sarasota	FL	34236
City	State	Zip
(941) 379 – 7600	
Telephone Number

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Engineer’s Certification of Completion of Construction for Series 2019A-1 and Series 2019A-2 Bonds

THIS DOCUMENT HAS BEEN DIGITALLY SIGNED AND SEALED BY WILLIAM E. CONERLY, P.E.
ON THE DATE ADJACENT TO THE SEAL.

PRINTED COPIES OF THIS DOCUMENT ARE NOT CONSIDERED SIGNED AND SEALED AND THE SIGNATURE MUST BE VERIFIED ON ANY ELECTRONIC COPIES.

WILLIAM E. CONERLY, P.E. No.: 57414 KIMLEY-HORN AND ASSOCIATES, INC. REGISTRY No.: 696
1777 MAIN STREET, SUITE 200
SARASOTA, FLORIDA 34236

ENGINEER’S CERTIFICATION OF
COMPLETION OF CONSTRUCTION

Project Name:
        
             

I hereby certify that to the best of my knowledge and belief this project has been built in accordance with the construction plans and specifications as approved by Sarasota County and the Water Management District, and that minor deviations, as listed and noted in the signed and sealed record drawings, will not prevent the project from functioning in compliance with the design intent, or other development requirements.
These determinations have been based upon the site observations of construction, scheduled and conducted by me or by a representative under my direct supervision. All reasonable and required inspections, tests and physical measurements have been made to determine this work has been done in accordance with the approved construction documents and other Sarasota County standards.

The Date of Completion is: August 16, 2022 – Final Certification which was from the Southwest Florida Water Management District.

February 10, 2023

Signature of District Engineer	William E. Conerly, P.E.	
Name
(AFFIX SEAL HERE)	57414	
Florida P.E. No.
Kimley-Horn and Associates, Inc.
Company Name
1777 Main St, Suite 200	
Company Street Address
Sarasota	FL	34236
City	State	Zip
(941) 379 – 7600	
Telephone Number

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 192

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization 192

PA #	Description	Amount	Total	
				
192	PFM Group Consulting	$	2,750.00		
				
	Supervisor Feers - 2/8/23			
	David Trast	$	200.00		
	Phil Davis	$	200.00		
	Kirk Fegley	$	200.00		
	Kevin Johnson	$	200.00		
	Jerald Dell	$	200.00		
				
			$3,750.00	

		Total	$3,750.00	

Rick Montejano

From:	Kevin Johnson <johnsonkmrj@gmail.com>
Sent:	Friday, February 17, 2023 5:42 PM
To:	Rick Montejano
Subject:	Re: PA 192

 ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment	

Rick,
Approved for processing for payment (Payment Authorization request #192). regards
Kevin

On Fri, Feb 17, 2023 at 10:56 AM Rick Montejano <montejanor@pfm.com> wrote: Hi Kevin –

Attached is the latest payment authorization for review and approval of payment.

Please let me know if you have any questions.

Thanks,

Rick Montejano District Accountant
PFM Group Consulting LLC 407.723.5900 ext. 5951
3501 Quadrangle Blvd., Suite 270 | Orlando, FL 32817 MontejanoR@pfm.com

1

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 192	
2/10/2023					
Item	Payee	Invoice		GF	
No.		No.		FY23	

1	
PFM Group Consulting				
	District Mgmt Fees - Feb 2023	DM-02-2023-04	$	2,750.00	
2	Supervisor Fees - 2/08/2023 Meeting				
	David Trast	2023.02.08	$	200.00	
	Phil Davis	2023.02.08		200.00	
	Kirk Fegley	2023.02.08		200.00	
	Kevin Johnson	2023.02.08		200.00	
	Jerald Dell	2023.02.08		200.00	

SUBTOTAL		$	3,750.00 TOTAL	 $ 3,750.00 

Secretary / Assistant Secretary	Chairman / Vice Chairman

Blackburn Creek CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

District Financial Statements

Blackburn Creek CDD Statement of Financial Position As of 1/31/2023

			Debt Service	
	General Fund		Fund 2013 &	
			2019*	

Current Assets				
General Checking Account	$165,809.65			
Money Market Account	69,382.54			
Assessments Receivable	7,060.88			
Prepaid Expenses	384.31			
3 MO CD	35,918.16			
Assessments Receivable			$28,753.36	
Due From Other Funds			17,103.90	
Debt Service Reserve 2013A Bond			170,975.00	
Debt Service Reserve 2019A Bond			91,809.05	
Revenue 2013A Bond			428,066.16	
Revenue 2019A Bond			246,236.05	
Prepayment 2013A Bond			530.89	
Sinking Fund 2013A Bond			0.09	
Sinking Fund 2019A1 Bond			0.02	
Sinking Fund 2019A2 Bond			0.01	
Prepayment 2019A1 Bond			2,237.50	
Prepayment 2019A2 Bond			389.59	
Assessments Receivable				
Due From Other Funds				
Debt Service Reserve 2015A1 Bond				
Debt Service Reserve 2015A2 Bond				
Revenue 2015A Bond				
Prepayment 2015A1 Bond				
Prepayment 2015A2 Bond				
Sinking Fund 2015A1 Bond				
Sinking Fund 2015A2 Bond				
Revenue 2018A Bond				
Sinking Fund 2018A1 Fund				
Prepayment 2018A1 Bond				
Debt Service Reserve 2018A1 Bond				
Sinking Fund 2018A2 Bond				
Prepayment 2018A2 Bond				
Due from Other Funds				
Assessments Receivable				
Acquisition/Construction 2019 Bond				
Acquisition/Construction 2015 Bond				
Acquisition/Construction 2018 Bond				
Total Current Assets	$278,555.54		$986,101.62	

Debt Service Fund - 2015A1&A2	Debt Service Fund - 2018	Capital Proiects Fund -
2013	Capital Proiects Fund - 2015	Capital Proiects Fund - 2018	Long Term Debt Group	
Total	

Assets							
						
$165,809.65	
						69,382.54	
						7,060.88	
						384.31	
						35,918.16	
						28,753.36	
						17,103.90	
						170,975.00	
						91,809.05	
						428,066.16	
						246,236.05	
						530.89	
						0.09	
						0.02	
						0.01	
						2,237.50	
						389.59	
$17,984.24						17,984.24	
10,697.91						10,697.91	
228,000.00						228,000.00	
81,406.25						81,406.25	
411,861.34						411,861.34	
2,117.06						2,117.06	
4,354.33						4,354.33	
0.02						0.02	
0.01						0.01	
	$751,198.08					751,198.08	
	0.06					0.06	
	46,555.14					46,555.14	
	242,733.78					242,733.78	
	0.01					0.01	
	22,893.85					22,893.85	
	19,149.36					19,149.36	
	32,192.02					32,192.02	
		$156,163.44				156,163.44	
			$0.32			0.32	
				$0.33		0.33	
$756,421.16	$1,114,722.30	$156,163.44	$0.32	$0.33	$0.00	$3,291,964.71	

Page 1 of 2

Blackburn Creek CDD Statement of Financial Position As of 1/31/2023

General Fund	Debt Service
Fund 2013 &	Debt Service
Fund -	
	2019*	2015A1&A2	

Capital
Proiects Fund -	Capital
Proiects	Capital
Proiects	
2013	Fund - 2015	Fund - 2018	

Debt Service	Long Term
Fund - 2018	Debt Group

Total

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

$0.00		

$0.00		

$0.00		

$0.00		

$0.00		

$0.00		

$0.00		
$1,748,490.35 20,970,509.65
$22,719,000.00		
$1,748,490.35 20,970,509.65
$22,719,000.00	
Total Assets	$278,555.54		$986,101.62		$756,421.16		$1,114,722.30		$156,163.44		$0.32		$0.33		$22,719,000.00		$26,010,964.71	

Current Liabilities Accounts Payable Due To Other Funds Deferred Revenue Deferred Revenue Deferred Revenue Deferred Revenue
Total Current Liabilities

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

$10,132.80 46,951.17
7,060.88

$64,144.85

$0.00		

$28,753.36

$28,753.36

$0.00	

Liabilities and Net Assets

$17,984.24
$32,192.02
 	
$17,984.24	$32,192.02

 	
$0.00	$0.00		

$0.00

$0.00		

$0.00

$0.00		

$0.00

$0.00		

$0.00

$22,719,000.00
$22,719,000.00		

$10,132.80 46,951.17
7,060.88
28,753.36
17,984.24
32,192.02
$143,074.47

$22,719,000.00
$22,719,000.00	
Total Liabilities	$64,144.85		$28,753.36		$17,984.24		$32,192.02		$0.00		$0.00		$0.00		$22,719,000.00		$22,862,074.47	

Net Assets
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets	

($2,698.24)
918.95

145,082.35
71,107.63

$214,410.69

$278,555.54		

$685,938.30 271,409.96

$957,348.26

$986,101.62		

$564,456.28 173,980.64

$738,436.92

$756,421.16		

$771,579.02 310,951.26

$1,082,530.28

$1,114,722.30		

$357,349.10 (201,185.66)

$156,163.44

$156,163.44		

$138,536.72 (138,536.40)

$0.32

$0.32		

$143,303.57 (143,303.24)

$0.33

$0.33		

$0.00

$22,719,000.00		

($2,698.24)
918.95

145,082.35
71,107.63

685,938.30
271,409.96

564,456.28
173,980.64

771,579.02
310,951.26

357,349.10
(201,185.66)

138,536.72
(138,536.40)
143,303.57
(143,303.24)

$3,148,890.24

$26,010,964.71	

Page 2 of 2

General Fund	Debt Service
Fund 2013 &	Debt Service
Fund -	
	2019*	2015A1&A2	

Capital
Proiects Fund -	Capital
Projects Fund -	Capital
Projects Fund -	
Total	
2013&2019*	2015	2018		

Blackburn Creek CDD Statement of Activities As of 1/31/2023

Revenues

Debt Service Fund - 2018

On-Roll Assessments	$113,419.39														$113,419.39	
Off-Roll Assessments	12,131.80														12,131.80	
Other Revenue	918.95														918.95	
On-Roll Assessments			$461,866.12												461,866.12	
Off-Roll Assessments			82,732.60												82,732.60	
On-Roll Assessments					$288,881.44										288,881.44	
Off-Roll Assessments					12,486.42										12,486.42	
On-Roll Assessments							$517,101.09								517,101.09	
Off-Roll Assessments							101,032.86								101,032.86	
Other Assessments							63,124.83								63,124.83	
Total Revenues	$126,470.14		$544,598.72		$301,367.86		$681,258.78		$0.00		$0.00		$0.00		$1,653,695.50	

Expenses

Supervisor Fees	$4,000.00				$4,000.00	
Public Officials' Insurance	2,830.00				2,830.00	
Trustee Services	9,448.24				9,448.24	
Management	11,000.00				11,000.00	
Dissemination Agent	3,750.00				3,750.00	
District Counsel	2,195.00				2,195.00	
Assessment Administration	15,000.00				15,000.00	
Reamortization Schedules	750.00				750.00	
Postage & Shipping	14.32				14.32	
Legal Advertising	528.00				528.00	
Miscellaneous	125.00				125.00	
Web Site Maintenance	540.00				540.00	
Dues, Licenses, and Fees	175.00				175.00	
General Insurance	4,088.00				4,088.00	
Principal Payment - 2013A1, 2019A1		$30,000.00			30,000.00	
Interest Payments - 2013A1, 2019A1		207,380.00			207,380.00	
Interest Payments - 2019A2		38,780.00			38,780.00	
Principal Payments - 2015A2 bond			$10,000.00		10,000.00	
Interest Payments - 2015A1 bond			86,925.00		86,925.00	
Interest Payments - 2015A2 bond			30,468.75		30,468.75	
Principal Payment - 2018A1 Bond				$60,000.00	60,000.00	
Principal Payment - 2018A2 Bond				5,000.00	5,000.00	
Interest Payment - 2018A1 Bond				257,466.50	257,466.50	
Interest Payment - 2018A2 Bond				47,849.00	47,849.00	

Page 1 of 2

Blackburn Creek CDD Statement of Activities As of 1/31/2023

Debt Service Fund 2013 & 2019*	Debt Service Fund - 2015A1&A2	Debt Service		Capital Proiects Fund -
2013&2019*		Capital Projects Fund -
2015		Capital Projects Fund -
2018		
Total	
				$201,188.90						201,188.90	
						$138,537.31				138,537.31	
								$143,304.18		143,304.18	
$276,160.00	$127,393.75	$370,315.50		$201,188.90		$138,537.31		$143,304.18		$1,311,343.20	

$2,970.75										
$2,970.75	
0.49										0.49	
	$6.53									6.53	
		$7.98								7.98	
				$3.24						3.24	
						$0.91				0.91	
								$0.94		0.94	
$2,971.24	$6.53	$7.98		$3.24		$0.91		$0.94		$2,990.84	
$271,409.96	$173,980.64	$310,951.26		($201,185.66)		($138,536.40)		($143,303.24)		$345,343.14	

$685,938.30	
$564,456.28	
$771,579.02		
$357,349.10		
$138,536.72		
$143,303.57		
$2,803,547.10	

General Fund

Engineering
Capital Expenditures Capital Expenditures
Total Expenses

Other Revenues (Expenses) & Gains (Losses)

Interest Income Dividend Income Interest Income Interest Income Interest Income Interest Income Interest Income

       
$54,443.56

Total Other Revenues (Expenses) & Gains (Losses)	$0.00		
Change In Net Assets	$72,026.58															

Net Assets At Beginning Of Year	
$142,384.11		

		

Net Assets At End Of Year	
$214,410.69		
$957,348.26		
$738,436.92		
$1,082,530.28		
$156,163.44		
$0.32		
$0.33		
$3,148,890.24	
*For the purpose of fitting the financials on one sheet, Series 2013 2019 have been combined into one column.

Page 2 of 2

Blackburn Creek CDD
Budget to Actual
For the Month Ending 1/31/2023

		Year To Date	
	Actual	Budget	Variance	FY 2023
Adopted Budget	

Revenues			
On-Roll Assessments	$113,419.39	$48,251.68	$65,167.71	$144,755.00	
Off-Roll Assessments	12,131.80	-	12,131.80	-	
Other Revenue	918.95	-	918.95		
Carry Forward Revenue	176,544.38	34,262.36	142,282.02	102,787.07	

Supervisor Fees	$4,000.00	$4,000.00	$0.00	$12,000.00	
Public Officials' Insurance	2,830.00	1,000.00	1,830.00	3,000.00	
Trustee Services	9,448.24	5,333.32	4,114.92	16,000.00	
Management	11,000.00	11,000.00	-	33,000.00	
Engineering	-	3,333.32	(3,333.32)	10,000.00	
Dissemination Agent	3,750.00	5,000.00	(1,250.00)	15,000.00	
District Counsel	2,195.00	6,666.68	(4,471.68)	20,000.00	
Assessment Administration	15,000.00	5,000.00	10,000.00	15,000.00	
Reamortization Schedules	750.00	333.32	416.68	1,000.00	
Audit	-	1,833.32	(1,833.32)	5,500.00	
Arbitrage Calculation	-	333.32	(333.32)	1,000.00	
Postage & Shipping	14.32	150.00	(135.68)	450.00	
Legal Advertising	528.00	1,166.68	(638.68)	3,500.00	
Bank Fees	-	83.32	(83.32)	250.00	
Miscellaneous	125.00	66.68	58.32	200.00	
Office Supplies	-	83.32	(83.32)	250.00	
Web Site Maintenance	540.00	940.00	(400.00)	2,820.00	
Dues, Licenses, and Fees	175.00	58.44	116.56	175.00	
Stormwater Management	-	23,851.80	(23,851.80)	71,555.45	
General Insurance	4,088.00	1,433.32	2,654.68	4,300.00	
General Repair & Maintenance	-	625.00	(625.00)	1,875.00	
Hardscape Maintenance	-	10,222.20	(10,222.20)	30,666.62	

Net Revenues	$303,014.52	$82,514.04 General & Administrative Expenses

$220,500.48	$247,542.07

Total General & Administrative Expenses

Total Expenses	$54,443.56

	$54,443.56	
$82,514.04

	$82,514.04		$(28,070.48)

	$(28,070.48)	
$247,542.07

  $247,542.07	
Net Income (Loss)	$248,570.96		$	-		$248,570.96		$	-	

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