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 Tuesday, April 18, 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: 792 560 599 #
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]
Consideration of Replacement of Supervisor for Seat #2
Administer Oath of Office to Newly Appointed Supervisor
Consideration of Resolution 2023-02, Appointing District Officers

General Business Matters

Consideration of the Minutes of the March 8, 2023, Board of Supervisors’ Meeting
Discussion Pertaining to District Engineer’s Recent District Visit
Ratification of Engineer’s Certification of Completion of Construction for Series 2013A Project
Ratification of Engineer’s Certification of Completion of Construction for Series 2015A-1 and Series 2015A-2 Bonds
Ratification of GNP Services Arbitrage Rebate Report Engagement Letter
Ratification of Payment Authorizations Nos. 193 – 194
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

Replacement of Supervisor for Seat #2

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Oath of Office

THE BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT
BOARD OF SUPERVISORS OATH OF OFFICE

I,	, A CITIZEN OF THE STATE OF FLORIDA AND OF THE UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF THE BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor
ACKNOWLEDGMENT OF OATH BEING TAKEN STATE OF FLORIDA
COUNTY OF SARASOTA

The foregoing oath was administered before me this    day of 		, 2023, by 	, who personally appeared before me, and is personally known to me or has produced 		 as identification, and is the person described in and who took the aforementioned oath as a Member of the Board of Supervisors of The Blackburn Creek Community Development District and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida

Print Name: 	

Commission No.: 	 Expires: 	

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Resolution 2023-02, Appointing District Officers

RESOLUTION 2023-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS,  the  BLACKBURN  CREEK  COMMUNITY  DEVELOPMENT
DISTRICT (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Section 190.006(6), Florida Statutes, as soon as practicable after each election or appointment to the Board of Supervisors (the “Board”), the Board shall organize by electing one of its members as chair and by electing a secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT:
Section 1.		 is elected Chairman. Section 2.			 is elected Vice Chairman. Section 3.			 is elected Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.

Section 4.		 is elected Treasurer.

Section 5.		is elected as Assistant Treasurer.

Section 6.	All resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.

Section 7.	This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 18th DAY of APRIL 2023

BLACKBURN CREEK COMMUNITY DEVELOPMENT
ATTEST:	DISTRICT

Secretary/Assistant Secretary	Chairman/Vice-Chairman

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

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

MINUTES OF MEETING

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Wednesday, March 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
David Trast	Assistant Secretary
Kirk Fegley	Assistant Secretary
Phil Davis	Board Member Also Present via Speaker or in Person:
Vivian Carvalho  District Manager- PFM Group Consulting LLC Venessa Ripoll	District Manager- PFM Group Consulting LLC Rick Montejano   Accountant - PFM Group Consulting LLC
Bill Conerly	Kimley-Horn
Ed Vogler	Vogler-Ashton	
(via phone) (via phone) (via phone) (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 12:04
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 February 8, 2023, Board of Supervisors’ Meeting

The Board reviewed the minutes. The typos found will be corrected.

1 | P age 

ON MOTION by Mr. Johnson seconded by Mr. Fegley, with all in favor, the Board approved the Minutes of the February 8, 2023, Board of Supervisors’ Meeting.

Consideration of GNP Services Arbitrage Rebate Report Engagement Letter

ON MOTION by Mr. Johnson seconded by Mr. Dell, with all in favor, the Board approved the 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

Mr. Conerly provided an overview of the certificates. He stated most of the projects have been completed and many elements associated with the capital funds have been certified and turned over to the appropriate entity.

ON MOTION by Mr. Johnson seconded by Mr. Davis, with all in favor, the Board accepted the Engineer’s Certification of Completion of Construction for Series 2018A-1 and Series 2018A-2 Bonds.

The Board discussed the status of the 2015 and 2013 Certificates of Completion.

ON MOTION by Mr. Trast seconded by Mr. Dell, with all in favor, the Board accepted the Engineer’s Certification of Completion of Construction for Series 2013 and Series 2015 Bonds pending Board ratification.

Ratification of Payment Authorization 192

ON MOTION by Mr. Fegley seconded by Mr. Trast, with all in favor, the Board ratified Payment Authorization 192.

2 | P age 

Review of District Financial Statements

The Board reviewed the District financials as of January 31, 2023

ON MOTION by Mr. Johnson seconded by Mr. Davis, with all in favor, the Board accepted the District Financial Statements.

THIRD ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.	
District Engineer –	Mr. Conerly provided an update from the last meeting concerning the site inspection and will provide PDFs to the Board after the meeting. About 20% of the facilities that are the responsibility of the CDD includes stormwater structures, piping, and conveyances. He stated that maintenance will need to be performed; either moving debris or removing vegetation near structures that will build up over time. He will provide a comprehensive report concerning the issues with Pond 10.There was a question about frequency of services.	
District Manager –	Ms. Carvalho stated that the Board will need to approve the Series 2018A Bonds Arbitrage Rebate Report Engagement Letter.	

ON MOTION by Mr. Johnson seconded by Mr. Davis, with all in favor, the Board approved the Series 2018A Bonds Arbitrage Rebate Report Engagement Letter.

Ms. Carvalho suggested a change of date for the next meeting, the location will be determined at a later time.

ON MOTION by Mr. Fegley seconded by Mr. Johnson, with all in favor, the Board approved making an advertisement for the next meeting date on April 18 at 12:00 p.m.

FOURTH ORDER OF BUSINESS	Audience	Comments	and	Supervisor
Requests

Mr. Dell presented a letter of resignation to the Board for acceptance.

3 | P age 

ON MOTION by Mr. Johnson, seconded by Mr. Trast, with all in favor, the Board accepted the resignation of Mr. Dell.

FIFTH ORDER OF BUSINESS	Adjournment

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

ON MOTION by Mr. Davis, seconded by Mr. Fegley, with all in favor, the March 8, 2023, Meeting of the Board of Supervisors of the Blackburn Creek Community Development District was adjourned at 12:32 p.m.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

4 | P age 

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

District Engineer Discussion

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Engineer’s Certificate of Completion of Construction for Series 2013A Project

CERTIFICATE REGARDING COMPLETION OF CONSTRUCTION
BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT
SERIES 2013A PROJECT

December 13, 2016

Ms. Jill Cupps-Burns, District Manager
Blackburn Creek Community Development District c/o Fishkind & Associates, Inc.
12051 Corporate Boulevard
Orlando, FL 32817 Regions Bank, Trustee
Re:	Certifications of Completion Series 2013A Project

This is certificate is furnished in accordance with the Trust Indenture, as supplemented, between the Blackburn Creek Community Development District and U.S. Bank National Association, National Association (the "Indenture") dated March 1, 2013, Chapter 190, Florida Statutes and is intended to evidence the completion of the Series 2013A Project undertaken by the Blackburn Creek Community Development District. All capitalized terms used herein shall have the meaning ascribed to them in the Indenture.

The Series 2013A Project and all components thereof have been acquired or constructed and are capable of performing the functions for which they were intended.

The Series 2013A Project has been completed in substantial compliance with the specifications therefore and all labor, services, materials, and supplies used in the Series 2013A Project have been paid for and acknowledgment of such payments has been obtained from all contractors and suppliers.

Ill. Allother facilities necessary in connection with the Series 2013A Project have been constructed, acquired, and installed in accordance with the specifications therefore and all Costs and expenses incurred in connection therewith have been paid.

All plans, permits and specification necessary for the operation and maintenance of the improvements made pursuant to the Series 2013A Project are complete and on file with the District Engineer or have been transferred to the appropriate governmental entity having charge of such operation and maintenance.

There is$ 14,258.44 remaining in the Construction Account. As of the date of this Certificate, Deferred Costs, as such term is defined in the Indenture, have been identified in the amount of$ NONE and are described in more detail on Exhibit attached hereto and incorporated herein by reference. It is anticipated that additional deferred Costs will be identified in the future.

The Date of Completion of the Series 2013A Project, as such term is defined in the Trust Indenture, as supplemented, shall be the date of this certificate stated above.

Page112

KISAR_Civil\148167000_Blackburn Crk CDDDist Eng\ADMIN\Reports\CDD_BOND_CERTIFICATE.docx

This Certificate is given without prejudice to any rights against third parties which exist as of the date of this Certificate or which may subsequently come into being.

Date: _\ _1..-+-\ _\ 2.,_\1-2-_o_\_(.,
' \	William E. Conerly, P.E.
District Engineer

STATE OF FLORIDA COUNTY OF SARASOTA
The forgoing instrument was acknowledged before me this 13th day of December, 2016, by William E. Conerly, P.E. of Kimley-Horn and Associates, Inc., District Engineer of Blackburn Creek Community Development District, who is personal to me or who has produced 	_
#	asidentification, and did [] or did not [X] take the oath.

Print Name: Susan	. ohnson Commission No.: FF 071050

•l ...,..

f•(	":j}SeMYtoMMISSION # FF 071050

l Ii,·;: ;;:,,	susANM. JOHNSON
{ l	tXPIRES:January 29, 2018
'•,/If,, -•  Bonded ThruNota,yPublicUndeiwibl'I

My Commission Expires: January 29, 2018

Page 212

K:\SAR_Civil\148167000_Blackburn  Crk  COD Dist Eng\ADMIN\Reports\CDD_BOND_CERTIFICATE.docx

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Engineer’s Certificate of Completion of Construction for Series 2015A-1 & 2015A-2 Bonds

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

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

(941) 379 – 7600	
Telephone Number

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

GNP Services Arbitrage Rebate Report Engagement Letter

 	

5000 US Highway 17 S #18187
Fleming Island, FL 32003

GNP Services, CPA, PA
www.6mpcpas.com

P.O. Box 1179
Orange Park, FL 32067-1179

March 8, 2023

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

RE:		Blackburn Creek Community Development District $12,595,000 Capital Improvement Revenue Bonds, Series 2018A-1 and 2018A-2

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. 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 eed 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.

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,

.hw-t[ /L/,- t/ !\;JA

GNP Services, CPA, PA

I

SCHEDULE A
FEES FOR INSTALLMENT COMPUTATION PERIOD REBATABLE ARBITRAGE LIABILITY CALCULATIONS

Blackbum Creek Community Development District
$12,595,000 Capital Improvement Revenue Bonds, Series 2018A-1 & 2018A-2

Installment Computation Period Fees (3/2/18 - 3/2/23)	
Bond Year 1	$	1,000	
Bond Years 2 - 5		2,000 		
Total Installment Computation Period Fees	$	3,000	(*)	

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

Proposal to	· stallment date arbitrage rebate calculation is accepted as evide		e signature below:

Signature	Title

Printed Name

Telephone Number
oo!'ffloIJ1/,11 /Jc")!1  L/ e !ftAt iGj,)12XIcm7d  rPt?,tpr1
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

Emai!

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorizations Nos. 193 – 194

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization 193 - 194

PA #	Description	Amount	Total	
				
193	CA Florida Holdings	$	156.75		
				
	PFM Group Consulting	$	18.10		
				
	Supervisor Feers - 3/8/23			
	David Trast	$	200.00		
	Phil Davis	$	200.00		
	Kirk Fegley	$	200.00		
	Kevin Johnson	$	200.00		
	Jerald Dell	$	200.00		
				
	US Bank	$	4,031.25		
				
			$5,206.10	
				
194	PFM Group Consulting	$	2,750.00		
				
			$2,750.00	
				
		Total	$7,956.10	

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 193
2/26/2023

Item	Payee	Invoice	GF		
No.		No.	FY23		

1	
CA Florida Holdings
Blackburn Creek - 01/14/2023	

5259091	

$	156.75		
2	PFM Group Consulting				
	Postage Fees - Jan 2022	OE-EXP-02-2023-05	$	18.10		
3	Supervisor Fees - 2/08/2023 Meeting				
	David Trast	2023.03.08	$	200.00		
	Phil Davis	2023.03.08	200.00		
	Kirk Fegley	2023.03.08	200.00		
	Kevin Johnson	2023.03.08	200.00		
	Jerald Dell	2023.03.08	200.00		
4	US Bank				
	Administration Fees 2/1/23-1/31/24	6836557	$	4,031.25		
					
		SUBTOTAL	$	5,206.10		
					
		TOTAL	 $  5,206.10 		

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

Rick Montejano

From:	Kevin Johnson <johnsonkmrj@gmail.com>
Sent:	Sunday, March 12, 2023 8:28 PM
To:	Rick Montejano
Subject:	Re: PA 193

 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 #193). regards
Kevin

On Sun, Mar 12, 2023 at 5:01 PM Rick Montejano <montejanor@pfm.com> wrote: Kevin –

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

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. 194	
3/26/2023					
Item	Payee	Invoice		GF	
No.		No.		FY23	

1	
PFM Group Consulting				
	District Mgmt Fees - Mar 2023	DM-03-2023-04	$	2,750.00	

SUBTOTAL		$	2,750.00 TOTAL	 $ 2,750.00 

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

Rick Montejano

From:	Rick Montejano
Sent:	Wednesday, March 29, 2023 9:58 AM
To:	Kevin Johnson
Subject:	RE: PA 194 REVISED
Attachments:	Blackburn Creek PA No. 194.pdf

Morning Kevin –

I noticed we skipped PA 194 so I revised 195 to 194. Same invoice, same amount. Thanks,
Rick

From: Kevin Johnson <johnsonkmrj@gmail.com>
Sent: Tuesday, March 28, 2023 3:48 PM
To: Rick Montejano <montejanor@pfm.com>
Subject: Re: PA 195

 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 #195). regards
Kevin

On Tue, Mar 28, 2023 at 3:28 PM Rick Montejano <montejanor@pfm.com> wrote: Hi Kevin –

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

Thanks,

Rick Montejano District Accountant
PFM Group Consulting LLC

407.723.5900 ext. 5951

1

3501 Quadrangle Blvd., Suite 270 | Orlando, FL 32817 MontejanoR@pfm.com

‐‐
Kevin Johnson

2

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

District Financial Statements

Blackburn Creek CDD Statement of Financial Position As of 3/31/2023

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

Debt Service	Long Term Debt Fund - 2018		Group

Total

Current Assets
General Checking Account Money Market Account Assessments Receivable Prepaid Expenses
3 MO CD
Assessments Receivable
Debt Service Reserve 2013A Bond Debt Service Reserve 2019A Bond Revenue 2013A Bond
Revenue 2019A Bond Prepayment 2013A Bond Sinking Fund 2013A Bond Sinking Fund 2019A1 Bond Sinking Fund 2019A2 Bond Prepayment 2019A1 Bond Prepayment 2019A2 Bond Assessments Receivable
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 Assessments Receivable
Total Current Assets

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

$101,179.93 69,906.13
27,175.26
1,728.06
35,919.03

$235,908.41

$0.00		Assets

$186,808.30 170,975.00
163,410.00
455,092.29
257,402.76
12,433.11
0.09
0.02
0.01
57,033.87
389.59

$1,303,545.04

$0.00	

$7,340.77 228,000.00
81,406.25
433,161.59
2,117.08
4,354.69
0.02
0.01

$756,380.41

$0.00		

$789,100.47
0.06
60,716.04
242,736.07
0.01
13,529.99
247,934.25

$1,354,016.89

$0.00		

$0.00

$2,971,859.03 19,732,140.97

$22,704,000.00		

$101,179.93 69,906.13
27,175.26
1,728.06
35,919.03
186,808.30
170,975.00
163,410.00
455,092.29
257,402.76
12,433.11
0.09
0.02
0.01
57,033.87
389.59
7,340.77
228,000.00
81,406.25
433,161.59
2,117.08
4,354.69
0.02
0.01
789,100.47
0.06
60,716.04
242,736.07
0.01
13,529.99
247,934.25

$3,649,850.75

$2,971,859.03 19,732,140.97

$22,704,000.00	
Total Assets

Current Liabilities Deferred Revenue Deferred Revenue Deferred Revenue Deferred Revenue
Total Current Liabilities

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

Total Liabilities	$235,908.41	$1,303,545.04

Liabilities and Net Assets

$27,175.26
$186,808.30

 
$27,175.26	$186,808.30

 
$0.00	$0.00

$27,175.26	$186,808.30	$756,380.41

$7,340.77

$7,340.77

$0.00

$7,340.77		$1,354,016.89

$247,934.25

$247,934.25

$0.00

$247,934.25		$22,704,000.00

$0.00

$22,704,000.00

$22,704,000.00

$22,704,000.00		$26,353,850.75

$27,175.26 186,808.30
7,340.77
247,934.25

$469,258.58

$22,704,000.00

$22,704,000.00

$23,173,258.58	

Net Assets
Net Assets, Unrestricted	($2,698.24)
Current Year Net Assets, Unrestricted	1,443.41

Net Assets - General Government	145,082.35
Current Year Net Assets - General Government	64,905.63

Net Assets, Unrestricted	$685,938.30
Current Year Net Assets, Unrestricted	430,798.44

Net Assets, Unrestricted	$564,456.28
Current Year Net Assets, Unrestricted	184,583.36

Net Assets, Unrestricted	$771,579.02
Current Year Net Assets, Unrestricted	334,503.62

Total Net Assets	$208,733.15	$1,116,736.74	$749,039.64	$1,106,082.64

   
Total Liabilities and Net Assets	$235,908.41	$1,303,545.04	$756,380.41	$1,354,016.89
   
*For the purpose of fitting the financials on one sheet, Series 2013 2019 have been combined into one column.		

$0.00

$22,704,000.00		

($2,698.24) 1,443.41
145,082.35
64,905.63

685,938.30
430,798.44

564,456.28
184,583.36

771,579.02
334,503.62

$3,180,592.17

$26,353,850.75	

Page 1 of 1

Revenues

Debt Service General Fund	Fund 2013 &
2019*

Blackburn Creek CDD Statement of Activities As of 3/31/2023

Debt Service Fund - 2015

Debt Service Fund - 2018

Capital Proiects Fund - 2013

Capital			
Projects Fund -		Total	
2018			
		
$117,579.74	
		12,131.80	
		1,443.41	
		478,807.94	
		82,732.60	
		12,255.82	
		126,397.18	
		299,477.98	
		12,486.42	
		0.32	
		536,069.01	
		101,032.86	
		82,921.87	
		0.33	
		(126,397.18)	
		(0.32)	
($0.33)		(0.33)	
($0.33)		$1,736,939.45	
		
$6,000.00	
		2,830.00	
		12,135.74	
		16,500.00	
		3,750.00	
		2,195.00	
		15,000.00	
		750.00	
		32.42	
		684.75	
		125.00	
		540.00	
		175.00	
		4,088.00	
		30,000.00	
		207,380.00	
		38,780.00	
		10,000.00	
		86,925.00	
		30,468.75	
		60,000.00	
		20,000.00	
		257,466.50	
		48,070.25	
		230,955.82	
		138,537.31	
$143,304.18		143,304.18	
$143,304.18		$1,366,693.72	

Capital Projects Fund -
2015

On-Roll Assessments	$117,579.74				
Off-Roll Assessments	12,131.80				
Other Revenue	1,443.41				
On-Roll Assessments		$478,807.94			
Off-Roll Assessments		82,732.60			
Other Assessments		12,255.82			
Inter-Fund Group Transfers In		126,397.18			
On-Roll Assessments			$299,477.98		
Off-Roll Assessments			12,486.42							
Inter-Fund Group Transfers In			0.32							
On-Roll Assessments					$536,069.01					
Off-Roll Assessments					101,032.86					
Other Assessments					82,921.87					
Inter-Fund Transfers In					0.33					
Inter-Fund Transfers Out							($126,397.18)			
Inter-fund Transfer Out									($0.32)	
Inter-fund Transfer Out										
Total Revenues			$311,964.72		$720,024.07		($126,397.18)		($0.32)	

Expenses

Supervisor Fees
Public Officials' Insurance Trustee Services Management Dissemination Agent District Counsel Assessment Administration Reamortization Schedules Postage & Shipping
Legal Advertising Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees General Insurance
Principal Payment - 2013A1, 2019A1 Interest Payments - 2013A1, 2019A1 Interest Payments - 2019A2 Principal Payments - 2015A2 bond Interest Payments - 2015A1 bond Interest Payments - 2015A2 bond Principal Payment - 2018A1 Bond Principal Payment - 2018A2 Bond Interest Payment - 2018A1 Bond Interest Payment - 2018A2 Bond Engineering
Capital Expenditures Capital Expenditures Total Expenses

 
$64,805.91	$276,160.00

$131,154.95		$700,193.54	

$6,000.00			
2,830.00			
12,135.74			
16,500.00			
3,750.00			
2,195.00			
15,000.00			
750.00			
32.42			
684.75			
125.00			
540.00			
175.00			
4,088.00			
		$30,000.00	
		207,380.00	
		38,780.00	

$10,000.00 86,925.00
30,468.75

$127,393.75

$60,000.00 20,000.00
257,466.50
48,070.25

$385,536.75

$230,955.82

$230,955.82

$138,537.31

$138,537.31

Page 1 of 2

Blackburn Creek CDD Statement of Activities As of 3/31/2023

General Fund	Debt Service Fund 2013 & 2019*	Debt Service Fund - 2015		Debt Service Fund - 2018	Capital Proiects Fund - 2013	Capital Projects Fund -
2015	Capital Projects Fund -
2018		
Total	
Other Revenues (Expenses) & Gains (Losses)

Interest Income Dividend Income Interest Income Interest Income Interest Income Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)	

$	

-	

$6,764.40
0.49

$6,764.89		

$12.39

$12.39		

$16.31

$16.31	

$3.90

$3.90	

$0.91

$0.91	

$0.94

$0.94		

$6,764.40
0.49
12.39
16.31
3.90
0.91
0.94

$6,799.34	
Change In Net Assets	$66,349.04	$430,798.43	$184,583.36		$334,503.63	($357,349.10)	($138,536.72)	($143,303.57)		$377,045.07	

Net Assets At Beginning Of Year	
$142,384.11	
$685,938.30	
$564,456.28		
$771,579.02	
$357,349.10	
$138,536.72	
$143,303.57		
$2,803,547.10	

Net Assets At End Of Year	$208,733.15	$1,116,736.73	$749,039.64
  
*For the purpose of fitting the financials on one sheet, Series 2013 2019 have been combined into one column.		

$1,106,082.65		

$	

-		

$	

-		

$	

-		

$3,180,592.17	

Page 2 of 2

Blackburn Creek CDD
Budget to Actual
For the Month Ending 3/31/2023

Year To Date
FY 2023
Actual	Budget	Variance	Adopted
Budget

Revenues

On-Roll Assessments	$117,579.74		$72,377.52		$45,202.22		$144,755.00	
Off-Roll Assessments	12,131.80		-		12,131.80		-	
Other Revenue	1,443.41		-		1,443.41			
Carry Forward Revenue	176,544.38		51,393.54		125,150.84		102,787.07	
Net Revenues	$307,699.33		$123,771.06		$183,928.27		$247,542.07	

General & Administrative Expenses

Supervisor Fees	$6,000.00		$6,000.00		$0.00		$12,000.00	
Public Officials' Insurance	2,830.00		1,500.00		1,330.00		3,000.00	
Trustee Services	12,135.74		7,999.98		4,135.76		16,000.00	
Management	16,500.00		16,500.00		-		33,000.00	
Engineering	-		4,999.98		(4,999.98)		10,000.00	
Dissemination Agent	3,750.00		7,500.00		(3,750.00)		15,000.00	
District Counsel	2,195.00		10,000.02		(7,805.02)		20,000.00	
Assessment Administration	15,000.00		7,500.00		7,500.00		15,000.00	
Reamortization Schedules	750.00		499.98		250.02		1,000.00	
Audit	-		2,749.98		(2,749.98)		5,500.00	
Arbitrage Calculation	-		499.98		(499.98)		1,000.00	
Postage & Shipping	32.42		225.00		(192.58)		450.00	
Legal Advertising	684.75		1,750.02		(1,065.27)		3,500.00	
Bank Fees	-		124.98		(124.98)		250.00	
Miscellaneous	125.00		100.02		24.98		200.00	
Office Supplies	-		124.98		(124.98)		250.00	
Web Site Maintenance	540.00		1,410.18		(870.18)		2,820.00	
Dues, Licenses, and Fees	175.00		87.48		87.52		175.00	
Stormwater Management	-		35,777.70		(35,777.70)		71,555.45	
General Insurance	4,088.00		2,149.98		1,938.02		4,300.00	
General Repair & Maintenance	-		937.50		(937.50)		1,875.00	
Hardscape Maintenance	-		15,333.30		(15,333.30)		30,666.62	
Total General & Administrative Expenses	$64,805.91		$123,771.06		$(58,965.15)		$247,542.07	
Total Expenses		$64,805.91			$123,771.06			$(58,965.15)			$247,542.07	
Net Income (Loss)	$242,893.42		$	-		$242,893.42		$	-	

Page 1 of 1