CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING OCTOBER 8, 2019
6:30 P.M.

Special District Services, Inc.
6625 Miami Lakes Drive, Suite 374 Miami Lakes, FL 33014

www.centurygardenscdd.org 305.777.0761 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT
The Mater Gardens Academy Charter School - Cafeteria 9010 NW 178th Lane
Miami, FL 33018
REGULAR BOARD MEETING
October 8, 2019
6:30 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
June 11, 2019 Regular Board Meeting & Public Hearing Minutes…	Page 2
Old Business
Staff Report as Required
New Business
Consider Resolution No. 2019-05 – Adopting Amended FY 2018/2019 Final Budget…	Page 7
Discussion Regarding Installation of Traffic Calming Devices within MDC Owned Roads
Administrative Matters
Audit Committee Meeting.	Page 14
Ranking of Audit Proposal
Recommendation on Auditor Selection
Financial Risk Policy Review…	Page 15
Financial Report…	Page 16
Board Members Comments
Adjourn

MIAMI DAILY BUSINESS REVIEW
Published Daily except Saturday, Sunday and Legal Holidays
Miami, Miami-Dade County, Florida

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared GUILLERMO GARCIA, who on oath says that he or she is the DIRECTOR OF OPERATIONS, Legal Notices of the Miami Daily Business  Review  f/k/a  Miami   Review,   a   daily   (except Saturday,	Sunday and  Legal  Holidays)  newspaper, published at Miami in Miami-Dade County,  Florida;  that  the attached  copy  of  advertisement,  being   a   Legal  Advertisement of Notice in the matter of

CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT -
FISCAL YEAR 2019/2020 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in said newspaper in the issues of 09/26/2019

Affiant   further   says   that the  said	Miami Daily Business Review is a newspaper published at Miami, in said Miami-Dade County, Florida  and  that  the  said  newspaper  has  heretofore been continuously published in said Miami-Dade  County,  Florida each  day  (except  Saturday,  Sunday  and   Legal  Holidays)   and has  been  entered  as  second  class  mail  matter   at  the   post office  in  Miami  in  said  Miami-Dade  County,  Florida,  for a  period of one year next preceding  the  first  publication  of the  attached copy  of  advertisement;  and  affiant  further  says that  he  or  she has  neither  paid  nor  promised  any  person,  firm or  corporation any  discount,  rebate,  commission  or  refund  for  the purpose  of this	advertisement	for	publication	in    the	said

GUILLERMO GARCIA personally known to me

CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING
JUNE 11, 2019

CALL TO ORDER

The June 11, 2019, Regular Board Meeting of the Century Gardens Community Development District (the “District”) was called to order at 6:39 p.m. in the Cafeteria of the Mater Gardens Academy Charter School located at 9010 NW 178th Lane, Miami, Florida 33018.

PROOF OF PUBLICATION
Proof of publication was presented which showed that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on September 28, 2018, as part of the District’s Fiscal Year 2018/2019 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM
It was determined that the attendance of Chairman Nildo Fernandez and Supervisors Abel Fernandez and Daniele Ranaudo constituted a quorum and it was in order to proceed with the meeting:

Staff in attendance included: District Manager Armando Silva of Special District Services, Inc.; and General Counsel Ginger Wald of Billing, Cochran, Lyles, Mauro & Ramsey, P.A

Also present were: Michael Dawson, Miami, FL; and Laura Hoyos, Miami, FL.

ADDITIONS OR DELETIONS TO THE AGENDA.

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
May 14, 2019, Regular Board Meeting & Public Hearing

The minutes of the May 14, 2019, Regular Board Meeting & Public Hearing were presented for approval.

A MOTION was made by Mr. Ruiz, seconded by Mr. Fernandez and passed unanimously passed to approve the minutes of the May 14, 2019, Regular Board Meeting & Public Hearing, as presented.

At approximately 6:43 p.m., Mr. Silva recessed the Regular Board Meeting and simultaneously called to order the Public Hearing.

PUBLIC HEARING
Proof of Publication

Proof of publication was presented which showed that notice of the Public Hearing had been published in the Miami Daily Business Review on May 22, 2019, and May 29, 2019, as legally required.

Consider Resolution No. 2019-02 – Amending Resolution No. 2019-01 – Approving a Proposed Budget and Setting (Re-Setting) a Public Hearing Date

Mr. Silva presented Resolution No. 2019-02, entitled:

RESOLUTION NO. 2019-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT REGARDING THE PROPOSED BUDGET FOR FISCAL YEAR 2019/2020; PROVIDING FOR AMENDING RESOLUTION NO. 2019-01 WHICH APPROVED THE PROPOSED BUDGET AND NON-AD VALOREM SPECIAL ASSESSMENTS; AND AUTHORIZED THE SETTING OF THE PUBLIC HEARING DATE FOR PUBLIC COMMENT AND FINAL BUDGET ADOPTION; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva provided an explanation for the document. A discussion ensued after which:

A MOTION was made by Mr. Ruiz, seconded by Mr. Ranaudo and unanimously passed to approve and adopt Resolution No. 2019-02, as presented.

Receive Public Comment on the Fiscal Year 2019/2020 Final Budget

Mr. Silva opened the public comment portion of the Public Hearing to receive comments on the fiscal year 2019/2020 final budget and non-ad valorem special assessments.

Turquesa by Lennar (Lennar Expansion Area) resident, Laura Hoyos, expressed her objection to the non-ad valorem assessments and stated that she was never provided with documentation regarding the District at her closing. Ms. Wald provided Ms. Hoyos with a brief explanation of the assessment amounts and stated that issues pertaining to non-disclosure of the District by the Developer (Lennar Homes, LLC) should be addressed with the Developer.

There being no further comments on the fiscal year 2019/2020 budget and assessments, Mr. Silva closed the public comment portion of the Public Hearing.

Consider Resolution No. 2019-03 – Adopting a Fiscal Year 2019/2020 Final Budget

Mr. Silva presented Resolution No. 2019-03, entitled:

RESOLUTION NO. 2019-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT APPROVING AND

ADOPTING A FISCAL YEAR 2019/2020 FINAL BUDGET INCLUDING NON-AD VALOREM SPECIAL ASSESSMENTS; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva read the title of the resolution for the record and stated that it provides for approving and adopting the fiscal year 2019/2020 final budget and non-ad valorem special assessment tax roll. Pursuant to the last District meeting, which was held on May 14, 2019, the Board requested that the carryover assigned to the Lennar Townhome Units be dropped to “$0.” As requested, the carryover for the Lennar Townhome Units was dropped from $5,977 to $0 by decreasing several maintenance line items throughout the budget. Since this was the first time that the Lennar Expansion Area Units (86 townhomes) were going to be placed on the tax roll, letters were required to be mailed to those property owners located within the Lennar Expansion Area. For review purposes by the Board members and residents, a copy of the tax roll was provided at the meeting. A discussion ensued after which:

A MOTION made by Mr. Ruiz, seconded by Mr. Ranaudo and unanimously passed to approve and adopt Resolution No. 2019-03, as presented, thereby setting the 2019/2020 final budget and non-ad valorem special assessment tax roll.

At approximately 7:17 p.m., Mr. Silva closed the Public Hearing portion of the meeting and simultaneously reconvened the Regular Board Meeting.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2019-04 – Adopting a Fiscal Year 2019/2020 Meeting Schedule

Resolution No. 2019-04 was presented, entitled:

RESOLUTION NO. 2019-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2019/2020 FINAL BUDGET INCLUDING NON-AD VALOREM SPECIAL ASSESSMENTS; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva provided the Board with a brief overview of the resolution. Mr. Silva stated that he had inquired with the Turquesa Homeowners’ Association (the “Association”) regarding the possibility of allowing the District to use the Amenity Center within the Lennar Expansion area for future Board meetings. His request was respectfully declined by the Association due to the lack of seating and inadequate protection against rain. A discussion ensued after which;

A MOTION was made by Mr. Ruiz, seconded by Mr. Fernandez and unanimously passed to approve and adopt Resolution No. 2019-04, as presented; and thereby setting the 2019/2020 Regular Meeting schedule and authorizes the publication of the schedule, as required by law.

Discussion Regarding Modifications to Stormwater Management System by FDOT

Mr. Silva advised that he had received several complaints from Turquesa subdivision property owners who were worried about the large accumulation of water on “Tract A” following regular rain events. Mr. Silva advised that recent alterations to Tract A were done by the Florida Department of Transportation (“FDOT”) as part of the Interstate-75 expansion project (included removal of melaleuca trees and installation of a drainage improvements). District Field Staff had reached out to FDOT to request an inspection of the area due to the abnormally high accumulation of water and the FDOT engineers determined that the backflow prevention device, which prevents water from flowing into Tract A, was installed backwards. The backflow prevention device has since been re-installed the correct way and the Turquesa subdivision residents have noticed a lower accumulation of water.

Discussion Regarding Turquesa HOA Request for Installation of Speed Humps

Mr. Silva advised that the Association was requesting permission from the District to install speed humps throughout the Turquesa subdivision due to the increased presence of speeding vehicles and for the safety of children that play in the streets after school. Since Ms. Hoyos is a resident to the Turquesa subdivision, the District Board asked her opinion regarding the necessity for speed humps. Ms. Hoyos stated that she does not see a need for speed humps since the Turquesa subdivision is small and does not allow much space for speeding. A discussion ensued after which the Board consensus was to respectfully decline the Association’s request for speed humps.

ADMINISTRATIVE MATTERS
Statement of Financial Interests-Disclosure – 2018 Form 1, Filing Deadline: July 1,
2019

The Board was reminded of the importance of completing and mailing to the Supervisor of Elections within the County of residency their individual 2018 Statement of Financial Interests Form 1. The deadline for submittal is July 1, 2019.

Financial Report

Mr. Silva presented the financials in the meeting book and briefly reviewed them with the Board. Mr. Silva stated that a “Lennar Capital Improvement Recap” was added to the Financial Report, which provides a record of the Lennar Capital Fund Balance. Mr. Silva also pointed out that available funds as of May 31, 2019, were $157,054.59.

BOARD MEMBER COMMENTS

Mr. Silva stated that unless an emergency were to arise, this Board would not have to meet again until October or November 2019.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Mr. Ruiz, seconded by Mr. Fernandez and unanimously passed to adjourn the Regular Board meeting at 7:31 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

RESOLUTION NO. 2019-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2018/2019 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Century Gardens Community Development District (the “District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1. The Amended Budget for Fiscal  Year  2018/2019  attached  hereto  as  Exhibit “A” is hereby approved and adopted.

Section 2.   The Secretary/Assistant Secretary of the District is authorized to execute   any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 8th day of October, 2019.

ATTEST:	CENTURY GARDENS
COMMUNITY DEVELOPMENT DISTRICT

By: 			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Century Gardens Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2007) III	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014)
IV	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2019)

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Administrative Assessments	55,138	56,212	56,212	
Maintenance Assessments	77,388	77,389	77,389	
Debt Assessments (Series 2007)	81,002	81,002	81,002	
Debt Assessments (Series 2014)	348,166	348,167	348,167	
Capital Improvement Revenue	0	60,000	60,000	
Other Revenues	0	20,355	20,355	
Interest Income	120	375	375	
				
TOTAL REVENUES	$	561,814	$	643,500	$	643,500	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	0	1,200	1,200	
Payroll Taxes	0	92	92	
Management	27,300	27,300	27,300	
Secretarial	4,200	4,200	4,200	
Legal	9,000	11,000	9,720	
Legal - Extraordinary	0	20,000	20,000	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,000	3,000	3,000	
Insurance	6,171	5,000	5,000	
Legal Advertisements	600	2,750	2,413	
Miscellaneous	1,500	1,600	1,484	
Postage	350	375	364	
Office Supplies	800	975	919	
Dues & Subscriptions	175	175	175	
Trustee Fees	7,700	7,579	7,579	
Continuing Disclosure Fee	500	500	500	
Website Management	1,500	1,500	1,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	68,796	$	93,246	$	91,446	
				
MAINTENANCE EXPENDITURES				
Lawn/Landscape Maintenance	25,000	33,500	28,945	
Aquatic Lake Maintenance	3,275	4,100	3,850	
Preserve Area	1,970	250	0	
Irrigation Maintenance	5,000	1,750	1,234	
Miscellaneous Maintenance	3,000	7,500	6,663	
Electricity	3,300	3,400	3,389	
Engineering/Inspections	2,000	1,600	1,600	
Field Operations Management	1,500	1,500	1,500	
Palm Treatment - Maint./Replacement	10,000	1,500	1,170	
Improvements - Landscape/Forestry	12,700	36,000	33,634	
Improvements - Entry Features/Reserve Contingency	5,000	500	0	
TOTAL MAINTENANCE EXPENDITURES	$	72,745	$	91,600	$	81,985	
				
TOTAL EXPENDITURES	$	141,541	$	184,846	$	173,431	
				
REVENUES LESS EXPENDITURES	$	420,273	$	458,654	$	470,069	
				
Bond Payments (Series 2007)	(76,385)	(77,147)	(77,147)	
Bond Payments (Series 2014)	(327,276)	(332,274)	(332,274)	
				
BALANCE	$	16,612	$	49,233	$	60,648	
				
County Appraiser & Tax Collector Fee	(11,152)	(5,419)	(5,419)	
Discounts For Early Payments	(22,306)	(20,433)	(20,433)	
				
Excess/ (Shortfall)	$	(16,846)	$	23,381	$	34,796	
				
Carryover From Prior Year	16,846	0	0	
				
Net Excess/ (Shortfall)	$	-	$	23,381	$	34,796	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$80,218	
$23,381	
$103,599	

Notes
Carryover From Prior Year Of $16,846 was used to reduce Fiscal Year 2018/2019 Assessments.

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2007)
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	100	1,595	1,585	
NAV Tax Collection	76,385	77,147	77,147	
Total Revenues	$	76,485	$	78,742	$	78,732	
				
EXPENDITURES				
Principal Payments	30,000	30,000	30,000	
Interest Payments	44,945	45,703	45,703	
Bond Redemption	1,540	0	0	
Total Expenditures	$	76,485	$	75,703	$	75,703	
				
Excess/ (Shortfall)	$	-	$	3,039	$	3,029	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$68,803	
$3,039	
$71,842	

Notes
Reserve Fund Balance = $38,306*. Revenue Fund Balance = $33,536*.
Revenue Fund Balance To Be Used To Make 11/1/2018 Interest Payment Of $22,094.
* Approximate Amounts

Series 2007 Bond Information
Original Par Amount =	$1,145,000	Annual Principal Payments Due:	
Interest Rate =	5.05%	May 1st	
Issue Date =	March 2007	Annual Interest Payments Due:	
Maturity Date =
Par Amount As Of 9/30/19 =	May 2037
$875,000	May 1st & November 1st	

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2004-SERIES 2014)
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	100	1,805	1,796	
NAV Tax Collection	327,276	332,274	332,274	
Total Revenues	$	327,376	$	334,079	$	334,070	
				
EXPENDITURES				
Principal Payments	160,000	160,000	160,000	
Interest Payments	105,910	105,825	105,825	
Extraordinary Principal Payments	55,000	55,000	55,000	
Bond Redemption	6,466	0	0	
				
Total Expenditures	$	327,376	$	320,825	$	320,825	
				
Excess/Shortfall	$	-	$	13,254	$	13,245	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$288,624	
$13,254	
$301,878	

Notes
Reserve Fund Balance = $137,532*. Revenue Fund Balance = $164,346*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $53,380 and Extraordinary Principal Payment Of $55,000.
* Approximate Amounts

     Series 2014 Refunding Bond Information	
Original Par Amount =	$3,905,000	Annual Principal Payments Due:	
Interest Rate =	3.4% - 8.4%	May 1st	
Issue Date =	June 2014	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	May 2034

$2,925,000	May 1st & November 1st	

Note: Extraordinary Principal Payments Being Made To Eliminate Final Four Years Of Principal Payments.

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2019)
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	0	340	338	
Bond Proceeds	0	93,187	93,187	
NAV Tax Collection	0	0	0	
Total Revenues	$	-	$	93,527	$	93,525	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	23,910	23,910	
Bond Redemption	0	0	0	
				
Total Expenditures	$	-	$	23,910	$	23,910	
				
Excess/Shortfall	$	-	$	69,617	$	69,615	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$0	
$69,617	
$69,617	

Notes
Reserve Fund Balance = $27,838*. Interest Fund Balance = $41,779*.
Interest Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $40,988
* Approximate Amounts

 	Series 2019 Bond Information	
Original Par Amount =	$1,733,000	Annual Principal Payments Due:	
Interest Rate =	3.6% - 5.0%	November 1st	
Issue Date =	January 2019	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	November 2049

$1,733,000	May 1st & November 1st	

October 8, 2019

RE: Century Gardens Community Development District

The Century Gardens Community Development District is required to select an auditor to perform the audit for the district for the years ending September 30, 2019, September 30, 2020 and September 30, 2021; with an option for an additional two year renewal.

In accordance with the Auditor Selection procedures as outlined by Florida Statute 218.391, the District has established the auditor selection criteria and has placed a legal advertisement requesting proposals from qualified audit firms.

The current auditor for the Century Gardens Community Development District is the firm of Grau & Associates.

Grau & Associates was the only firm to respond to the legal advertisement requesting proposals to perform the fiscal year ending September 30, 2019, September 30, 2020 and September 30, 2021 audits. The proposed fee for the audit for fiscal year ending September 30, 2019 is $3,200.00. The proposed fee for the audit for fiscal year ending September 30, 2020 is $3,300.00. The proposed fee for the audit for fiscal year ending September 30, 2021 audit is $3,400.00. The proposed fee for the audit for fiscal year ending September 30, 2022 (option year) is $3,500.00. And the proposed fee for the audit for fiscal year ending September 30, 2023 (option year) is $3,600.00. The approved fee for the fiscal year ending September 30, 2018 audit, which Grau & Associates has completed, was $3,000.00. The proposed Audit Fee budget for Fiscal Year 2019/2020 is
$3,250.00.

Management would like to report that it is pleased with the professionalism and the competence of the Grau and Associates, partners and supporting staff.

It is recommended at this time that Grau & Associates be hired to perform the September 30, 2019, September 30, 2020 and September 30, 2021 annual government audits and also be selected, subject to fee adjustments for inflation, to perform the fiscal year end audits for the following two years (FYE 9/30/22 and 9/30/23).

Special District Services, Inc.

FINANCIAL RISK MANAGEMENT POLICY
(Fiscal Year 2018/2019)
Special District Services, Inc. (“SDS, Inc.”), acting in the capacity of District Manager, as part of good management  practices  and  to  satisfy  annual  audit  requirements  does  implement certain measures and procedures to identify and mitigate financial mismanagement/fraud risks, as follows:
Each month the District’s operating/checking bank account is reconciled by an authorized person who has not deposited funds to, processed expenditures or written checks from, that particular operating/checking account; and

Each expenditure from the District’s operating/checking account requires a minimum of two (2) approvals from authorized staff and/or District officials and the respective approvals are provided by persons other than the preparer of the expenditure(s); and

All financial transactions are logged and maintained by the District Manager for record keeping purposes; and

A designated member of the Board (by an electronic approval procedure) has an opportunity to review the District’s expenditure(s) prior to the payment(s) being released; and

The District engages an independent firm, pursuant to Chapter 218.391, Florida Statutes, to audit the prior year’s financial activities (October 1st through September 30th) from which an independent fiscal year annual audit is prepared; and

Within sixty (60) days of the end of each fiscal year (September 30th) the District’s Board of Supervisors reviews, pursuant to Chapter 189.418(5), Florida Statutes, the prior year’s budget relative to actual revenues and expenditures and adopts by resolution an amended/revised final budget.

**********

Century Gardens Community Development District

Financial Report For September 2019

Century Gardens Community Development District
Budget vs. Actual
October 2018 through September 2019

Oct '18 - Sep 19	18-19 Budget	$ Over Budget	% of Budget
   
Income

369.405 · Capital Improvements Revenue	60,000.00		0.00		60,000.00		100.0%	
363.100 · Administrative Assessments	56,211.83		55,138.00		1,073.83		101.95%	
363.101 · Maintenance Assessments	77,389.22		77,388.00		1.22		100.0%	
363.811 · Debt Assessments - Series 2007	81,001.77		81,002.00		-0.23		100.0%	
363.812 · Debt Assessments (Series 2014)	348,167.20		348,166.00		1.20		100.0%	
363.821 · Payment To Trustee-Series 2007	-77,146.85		-76,385.00		-761.85		101.0%	
363.822 · Payment To Trustee - 2014	-332,273.50		-327,276.00		-4,997.50		101.53%	
363.830 · County Appraiser & Tax Col Fees	-5,419.34		-11,152.00		5,732.66		48.6%	
363.831 · Discounts For Early Payments	-20,432.67		-22,306.00		1,873.33		91.6%	
366.000 · Developer Contribution	20,354.92		0.00		20,354.92		100.0%	
369.401 · Interest Income	374.84		120.00		254.84		312.37%	
369.402 · Carryover From Prior Year	0.00		16,846.00		-16,846.00		0.0%	
Total Income	208,227.42		141,541.00		66,686.42		147.12%	
Expense								
511.132 · Payroll tax expense	91.80		0.00		91.80		100.0%	
511.300 · Field Operations Management	1,500.00		1,500.00		0.00		100.0%	
511. · Professional Fees								
511.316 · Legal-Extraordinary	20,000.00		0.00		20,000.00		100.0%	
511.310 · Engineering/Inspections	1,600.00		2,000.00		-400.00		80.0%	
511.315 · Legal Fees	9,720.00		9,000.00		720.00		108.0%	
511.320 · Audit Fees	3,000.00		3,000.00		0.00		100.0%	
Total 511. · Professional Fees	34,320.00		14,000.00		20,320.00		245.14%	
511.131 · Supervisor Fee	1,200.00		0.00		1,200.00		100.0%	
511.301 · Lawn Maintenance	28,945.00		25,000.00		3,945.00		115.78%	
511.302 · Aquatic Lake Maintenance	3,850.00		3,275.00		575.00		117.56%	
511.303 · Preserve Area	0.00		1,970.00		-1,970.00		0.0%	
511.304 · Improvements-Landscape/Forestry	33,634.00		12,700.00		20,934.00		264.84%	
511.306 · Imp-Entry Feature/Reserve Cont	0.00		5,000.00		-5,000.00		0.0%	
511.307 · Irrigation Maintenance	1,234.50		5,000.00		-3,765.50		24.69%	
511.308 · Miscellaneous Maintenance	6,662.66		3,000.00		3,662.66		222.09%	
511.309 · Electricity	3,388.91		3,300.00		88.91		102.69%	
511-310 · Palm Treatment - Maint. Replace	1,170.00		10,000.00		-8,830.00		11.7%	
511.311 · Management Fees	27,300.00		27,300.00		0.00		100.0%	
511.312 · Secretarial Fees	4,200.00		4,200.00		0.00		100.0%	
511.318 · Assessment/Tax Roll	6,000.00		6,000.00		0.00		100.0%	
511.450 · Insurance	5,000.00		6,171.00		-1,171.00		81.02%	
511.480 · Legal Advertisements	2,412.69		600.00		1,812.69		402.12%	
511.512 · Miscellaneous	1,484.18		1,500.00		-15.82		98.95%	
511.513 · Postage and Delivery	364.09		350.00		14.09		104.03%	
511.514 · Office Supplies	919.08		800.00		119.08		114.89%	
511.540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 · Trustee Fees	7,579.63		7,700.00		-120.37		98.44%	
511.750 · Website Management	1,500.00		1,500.00		0.00		100.0%	
512.734 · Continuing Disclosure-Series 07	500.00		500.00		0.00		100.0%	
Total Expense	173,431.54		141,541.00		31,890.54		122.53%	
Net Income	34,795.88		0.00		34,795.88		100.0%	

CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
SEPTEMBER 2019

REVENUES	Annual Budget
10/1/18 - 9/30/19	
Actual Sep-19	Year To Date Actual
10/1/18 - 9/30/19	
Administrative Assessments	55,138	0	56,212	
Maintenance Assessments	77,388	0	77,389	
Debt Assessments (Series 2007)	81,002	0	81,002	
Debt Assessments (Series 2014)	348,166	0	348,167	
Capital Improvement Revenue	0	0	60,000	
Other Revenues	0	0	20,355	
Interest Income	120	0	375	
				
Total Revenues	$	561,814	$	-	$	643,500	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	0	0	1,200	
Payroll Taxes	0	0	92	
Management	27,300	2,275	27,300	
Secretarial	4,200	350	4,200	
Legal	9,000	0	9,720	
Legal - Extraordinary	0	0	20,000	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,000	0	3,000	
Insurance	6,171	0	5,000	
Legal Advertisements	600	0	2,413	
Miscellaneous	1,500	26	1,484	
Postage	350	4	364	
Office Supplies	800	19	919	
Dues & Subscriptions	175	0	175	
Trustee Fee	7,700	0	7,579	
Continuing Disclosure Fee	500	500	500	
Website Management	1,500	125	1,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	68,796	$	9,299	$	91,446	
				
MAINTENANCE EXPENDITURES				
Lawn/Landscape Maintenance	25,000	0	28,945	
Aquatic Lake Maintenance	3,275	0	3,850	
Preserve Area	1,970	0	0	
Irrigation Maintenance	5,000	0	1,234	
Miscellaneous Maintenance	3,000	0	6,663	
Electricity	3,300	0	3,389	
Engineering/Inspections	2,000	1,600	1,600	
Field Operations Management	1,500	125	1,500	
Palms Treatment - Maintenance/Replacement	10,000	0	1,170	
				
Improvements - Landscape/Forestry	12,700	0	33,634	
Improvements - Reserve Contingency	5,000	0	0	
Total Improvements	17,700	0	0	
				
TOTAL MAINTENANCE EXPENDITURES	$	72,745	$	1,725	$	81,985	
				
Total Expenditures	$	141,541	$	11,024	$	173,431	
				
Revenues Less Expenditures	$	420,273	$	(11,024)	$	470,069	
				
Payment To Trustee (Series 2007)	(76,385)	0	(77,147)	
Payment To Trustee (Series 2014)	(327,276)	0	(332,274)	
				
Balance	$	16,612	$	(11,024)	$	60,648	
				
County Appraiser & Tax Collector Fee	(11,152)	0	(5,419)	
Discounts For Early Payments	(22,306)	0	(20,433)	
				
Excess/ (Shortfall)	$	(16,846)	$	(11,024)	$	34,796	
				
Carryover From Prior Year	16,846	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(11,024)	$	34,796	

Bank Balance As Of 8/31/19	$	133,024.72	
Funds Received: 9/1/19 - 9/30/19	$	-	
Disbursements: 9/1/19 - 9/30/19	$	8,926.98	
Bank Balance As Of 9/30/19	$	124,097.74	
Accounts Payable As Of 9/30/19	$	11,516.14	
Accounts Receivable As Of 9/30/19	$	1,432.75	
Available Funds As Of 9/30/19	$	114,014.35	

Estimated Fund Balance As Of 9/30/19	$	104,000.00	
Fiscal Year 2019/2020 Carryover Budget	$	-	
Estimated Reserve Funds As Of 9/30/20	$	104,000.00	

Page 19

Century Gardens Community Development District
Expenditures
June through September 2019

Date	Invoice #	Vendor	Description	Amount
Expenditures

06/12/2019	PR 6/13/19		payroll 6/11/19 check date 6/13/19 (Ruiz , Ranaudo and Fernandez)	22.95	
				22.95	

06/30/2019	
2019-1517	
Special District Services	
June 2019 Field Operations mgmt	
125.00	
07/31/2019	2019-1708	Special District Services	July 2019 Field Operations mgmt	125.00	
08/31/2019	2019-1998	Special District Services	August 2019 Field Operations mgmt	125.00	
09/30/2019	2019-2401	Special District Services	September 2019 Field Operations mgmt	125.00	
				500.00	

09/04/2019	
5191	
Alvarez Engineers, Inc.	
inv# 5191 yearly engineers report 2019	
1,600.00	
				1,600.00	

06/30/2019	
157056	
Billing, Cochran, Lyles, Mauro, & Ramsey	
acct# 539-03105O stmt# 157056 June 2019	
1,012.00	
07/31/2019	157439	Billing, Cochran, Lyles, Mauro, & Ramsey	acct# 539-03105O stmt# 157439 July 2019	500.00	
08/31/2019	158084	Billing, Cochran, Lyles, Mauro, & Ramsey	acct# 539-03105O stmt# 158084 August 2019	500.00	
				2,012.00	

06/03/2019	
18051	
Grau & Associates	
Inv# 18051 2nd and final progress payment for FY 17/18 audit	
2,000.00	
				2,000.00	
				5,612.00	

06/12/2019	
PR 6/13/19		
payroll 6/11/19 check date 6/13/19 (Ruiz , Ranaudo and Fernandez)	
300.00	
				300.00	

06/30/2019	
28490	
Pan American Landscaping LLC	
inv# 28490 lawn maintenance June 2019	
2,590.00	
07/31/2019	28654	Pan American Landscaping LLC	inv# 28654 lawn maintenance and janitorial July 2019	2,617.50	
08/31/2019	28897	Pan American Landscaping LLC	inv# 28897 lawn maintenance and janitorial August 2019	2,717.50	
				7,925.00	

06/01/2019	
152458	
Allstate Resource Management, Inc.	
lake and mitigation mgmt services & debris removal services June 2019	
350.00	
07/01/2019	153099	Allstate Resource Management, Inc.	lake and mitigation mgmt services & debris removal services July 2019	350.00	
08/01/2019	153785	Allstate Resource Management, Inc.	lake and mitigation mgmt services & debris removal services August 2019	350.00	
				1,050.00	

08/31/2019	
28898	
Pan American Landscaping LLC	
inv# 28898 install 26 ixora plands and mulch	
825.00	
				825.00	

511.132 · Payroll tax expense

Total 511.132 · Payroll tax expense
511.300 · Field Operations Management

Total 511.300 · Field Operations Management
511. · Professional Fees
511.310 · Engineering/Inspections

Total 511.310 · Engineering/Inspections
511.315 · Legal Fees

Total 511.315 · Legal Fees
511.320 · Audit Fees

Total 511.320 · Audit Fees Total 511. · Professional Fees
511.131 · Supervisor Fee

Total 511.131 · Supervisor Fee
· Lawn Maintenance

Total 511.301 · Lawn Maintenance
· Aquatic Lake Maintenance

Total 511.302 · Aquatic Lake Maintenance
511.304 · Improvements-Landscape/Forestry

Total 511.304 · Improvements-Landscape/Forestry
511.307 · Irrigation Maintenance

Page 20

Century Gardens Community Development District
Expenditures
June through September 2019

	Date		Invoice #		Vendor		Description		Amount	
	06/30/2019		28454		Pan American Landscaping LLC		inv# 28454 irrigation repairs June 2019		62.00	
	07/31/2019		28667		Pan American Landscaping LLC		inv# 28667 irrigation repairs July 2019		5.00	
	08/31/2019		28899		Pan American Landscaping LLC		inv# 28899 irrigation repairs		5.00	
Total 511.307 · Irrigation Maintenance									72.00	
511.308 · Miscellaneous Maintenance	
08/31/2019		
28898		
Pan American Landscaping LLC		
inv# 28898 debris removal-remove rock and dirt around 16 new royal palms		
500.00	
Total 511.308 · Miscellaneous Maintenance									500.00	
511.309 · Electricity										
	06/27/2019		35589-17153		FPL		Acct# 35589-17153 for services on (5/29/19-6/27/19)		550.50	
	07/29/2019		35589-17153		FPL		Acct# 35589-17153 for services on (6/27/19-7/29/19)		255.09	
	08/29/2019		35589-17153		FPL		Acct# 35589-17153 for services on (7/29/19-8/29/19)		305.78	
Total 511.309 · Electricity									1,111.37	
511-310 · Palm Treatment - Maint. Replace										
	08/08/2019		78376		SprayPro		cust# 1122673 inv# 78376 drenched root zone of royal palms		405.00	
	08/31/2019		28898		Pan American Landscaping LLC		inv# 28898 fertilize palm trees		360.00	
Total 511-310 · Palm Treatment - Maint. Replace									765.00	
511.311 · Management Fees										
	06/30/2019		2019-1517		Special District Services		inv# 2019-1517 Management Fee June 2019		2,275.00	
	07/31/2019		2019-1708		Special District Services		inv# 2019-1708 Management Fee July 2019		2,275.00	
	08/31/2019		2019-1998		Special District Services		inv# 2019-1998 Management Fee August 2019		2,275.00	
	09/30/2019		2019-2401		Special District Services		inv# 2019-2401 Management Fee September 2019		2,275.00	
Total 511.311 · Management Fees									9,100.00	
511.312 · Secretarial Fees										
	06/30/2019		2019-1517		Special District Services		June 2019 Secretarial Fee		350.00	
	07/31/2019		2019-1708		Special District Services		July 2019 Secretarial Fee		350.00	
	08/31/2019		2019-1998		Special District Services		August 2019 Secretarial Fee		350.00	
	09/30/2019		2019-2401		Special District Services		September 2019 Secretarial Fee		350.00	
Total 511.312 · Secretarial Fees									1,400.00	
511.318 · Assessment/Tax Roll	
09/29/2019		
2019-2534		
Special District Services		
inv# 2019-2534 Assessment Roll 2019		
6,000.00	
Total 511.318 · Assessment/Tax Roll									6,000.00	
511.480 · Legal Advertisements	
07/15/2019		
I0000412549-0715		
ALM Media, LLC		
inv# I0000412549-0715 RFP for Annual Audit Services		
93.35	
Total 511.480 · Legal Advertisements									93.35	
511.512 · Miscellaneous										
	06/12/2019		PR 6/13/19				payroll 6/11/19 check date 6/13/19 (Ruiz , Ranaudo and Fernandez)		51.65	
	06/30/2019		2019-1517		Special District Services		May 2019 travel		94.38	
	07/31/2019		2019-1708		Special District Services		June 2019 travel		58.49	
	08/31/2019		2019-1998		Special District Services		July 2019 travel		38.70	
	09/30/2019		2019-2401		Special District Services		August 2019 travel		26.49	

Page 21

Century Gardens Community Development District
Expenditures
June through September 2019

	Date		Invoice #		Vendor		Description		Amount	
Total 511.512 · Miscellaneous									269.71	
511.513 · Postage and Delivery										
	06/30/2019		2019-1517		Special District Services		May 2019 postage		5.00	
	06/30/2019		2019-1517		Special District Services		May 2019 FedEx		11.61	
	07/31/2019		2019-1708		Special District Services		June 2019 postage		2.00	
	07/31/2019		2019-1708		Special District Services		June 2019 FedEx		11.07	
	08/31/2019		2019-1998		Special District Services		July 2019 postage		11.25	
	09/30/2019		2019-2401		Special District Services		August 2019 postage		4.00	
Total 511.513 · Postage and Delivery									44.93	
511.514 · Office Supplies										
	06/30/2019		2019-1517		Special District Services		May 2019 copier charges		45.45	
	06/30/2019		2019-1517		Special District Services		May 2019 meeting books		24.00	
	07/31/2019		2019-1708		Special District Services		June 2019 copier charges		37.65	
	07/31/2019		2019-1708		Special District Services		June 2019 meeting books		24.00	
	08/31/2019		2019-1998		Special District Services		July 2019 copier charges		9.75	
	08/31/2019		2019-1998		Special District Services		July 2019 meeting books		24.00	
	09/30/2019		2019-2401		Special District Services		August 2019 copier charges		18.75	
Total 511.514 · Office Supplies									183.60	
511.733 · Trustee Fees	
07/25/2019		
5435937		
U.S. Bank (Trustee Fee)		
Inv# 5435937 Account# 210272000 Trustee Fees 7/1/19-6/30/20		
4,079.63	
Total 511.733 · Trustee Fees									4,079.63	
511.750 · Website Management										
	06/30/2019		2019-1517		Special District Services		June 2019 Website fee		125.00	
	07/31/2019		2019-1708		Special District Services		July 2019 Website fee		125.00	
	08/31/2019		2019-1998		Special District Services		August 2019 Website fee		125.00	
	09/30/2019		2019-2401		Special District Services		September 2019 Website fee		125.00	
Total 511.750 · Website Management									500.00	
512.734 · Continuing Disclosure-Series 07	
09/28/2019		
2019-2472		
Special District Services		
inv# 2019-2472 Continuing Disclosure FY 2018/ 2019		
500.00	
Total 512.734 · Continuing Disclosure-Series 07									500.00	
Total Expenditures									40,854.54	

Century Gardens Community Development District
Check Register
June 2019 - September 2019

Check #	Date	Vendor	Amount

3260	06/03/2019	Allstate Resource Management, Inc.	700.00	
3261	06/03/2019	Billing, Cochran, Lyles, Mauro, & Ramsey	500.00	
3262	06/03/2019	Mater Gardens, Inc.	60.00	
3263	06/03/2019	Special District Services	3,021.45	
3264	06/03/2019	SprayPro	405.00	
3265	06/03/2019	U.S. Bank (Tax Receipts 2014)	6,267.00	
PR 6/13/19	06/12/2019	Payroll Processing	51.65	
PR 6/13/19	06/12/2019	Payroll Taxes	45.90	
PR 6/13/19	06/12/2019	Supervisor Fees	277.05	
3266	07/01/2019	ALM Media, LLC	170.30	
3267	07/01/2019	Billing, Cochran, Lyles, Mauro, & Ramsey	1,188.00	
3268	07/01/2019	Grau & Associates	3,000.00	
3269	07/01/2019	Pan American Landscaping LLC	3,115.00	
3270	07/01/2019	Special District Services	3,055.44	
3271	07/10/2019	FPL	550.50	
3272	07/10/2019	Pan American Landscaping LLC	2,652.00	
3273	08/01/2019	ALM Media, LLC	93.35	
3274	08/01/2019	Billing, Cochran, Lyles, Mauro, & Ramsey	1,012.00	
3275	08/01/2019	U.S. Bank (Tax Receipts 2014)	6,267.00	
3276	08/01/2019	Wells Fargo Bank (Tax Receipts)	2,258.95	
ACH 0719	08/01/2019	Special District Services	3,008.21	
3277	08/06/2019	Allstate Resource Management, Inc.	700.00	
3278	08/06/2019	FPL	255.09	
3279	08/06/2019	Pan American Landscaping LLC	2,622.50	
3280	08/06/2019	U.S. Bank (Trustee Fee)	4,079.63	
3281	09/01/2019	Allstate Resource Management, Inc.	350.00	
3282	09/01/2019	Billing, Cochran, Lyles, Mauro, & Ramsey	500.00	
3283	09/01/2019	SprayPro	405.00	
ACH 0819	09/01/2019	Special District Services	2,958.70	
3284	09/09/2019	FPL	305.78	
3285	09/09/2019	Pan American Landscaping LLC	4,407.50	
TOTAL			54,283.00	

Page 22

CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT TAX COLLECTIONS
2018-2019

#	

ID#	

Payment From	

DATE	

FOR	

Tax Collect Receipts Gross	

Interest Received	

Commission Paid	

Discount	

Net From Tax Collector	

Admin Assessment Income (Before Discounts & Fees)	

Maintenance Assessment Income (Before Discounts & Fees)	
Series 2007 Debt Assessment Income (Before Discounts & Fees)	
Series 2014 Debt Assessment Income (Before Discounts & Fees)	

Admin Assessment Income (After Discounts & Fees)	

Maintenance Assessment Income (After Discounts & Fees)	
Series 2007 Debt Assessment Income (After Discounts & Fees)	
Series 2014 Debt Assessment Income (After Discounts & Fees)	

Series 2007 Debt Assessment Paid to Trustee	

Series 2014 Debt Assessment Paid to Trustee	
									$561,694	$55,138	$77,388	$81,002	$348,166	$55,138	$77,388	$81,002	$348,166			
									$523,875	$51,830	$72,745	$76,385	$322,915	$51,830	$72,745	$76,385	$322,915	$76,385	$322,915	
1	557	Miami-Dade Tax Collector	10/19/18	 A Taxes	 	4,857.10		 	(46.18)	 	(239.43)	 	4,571.49	 	481.80	 	676.60		 	3,698.70	 	453.49	 	636.80		 	3,481.20	 	-	 	3,481.20	
2	300	Miami-Dade Tax Collector	11/20/18	 A Taxes	 	19,655.02		 	(188.69)	 	(786.18)	 	18,680.15	 	1,925.00	 	2,701.86	 	3,422.61	 	11,605.55	 	1,829.50	 	2,567.85	 	3,252.85	    11,029.95	 	3,252.85	 	11,029.95	
3	232	Miami-Dade Tax Collector	11/30/18	 A Taxes	   102,174.26		 	(980.87)	 	(4,086.83)	 	97,106.56	 	10,037.50	 	14,088.27	 	13,690.44	 	64,358.05	 	9,539.71	 	13,389.50	 	13,011.45	    61,165.90	 	13,011.45	 	61,165.90	
4	150	Miami-Dade Tax Collector	12/10/18	 A Taxes	   330,935.16		  (3,176.98)	   (13,237.03)	 	314,521.15	 	32,450.00	 	45,545.64	 	52,480.02	 	200,459.50	 	30,840.80	 	43,286.55	 	49,877.05	 190,516.75	 	49,877.05	 	190,516.75	
5	329	Miami-Dade Tax Collector	12/21/18	 A Taxes	 	30,739.34		 	(295.37)	 	(1,201.86)	 	29,242.11	 	3,025.00	 	4,245.78	 	3,422.61	 	20,045.95	 	2,877.61	 	4,038.95	 	3,255.95	    19,069.60	 	3,255.95	 	19,069.60	
6	214	Miami-Dade Tax Collector	01/14/19	 A Taxes	 	18,698.08		 	(180.96)	 	(603.37)	 	17,913.75	 	1,821.45	 	2,556.60	 	4,563.48	 	9,756.55	 	1,743.85	 	2,449.50	 	4,372.40	 	9,348.00	 	4,372.40	 	9,348.00	
7	454	Miami-Dade Tax Collector	01/28/19	Interest		 	282.16			 	282.16	 	282.16				 	282.16				 	-	 	-	
8	644	Miami-Dade Tax Collector	02/08/19	 A Taxes	 	8,313.24		 	(81.47)	 	(166.26)	 	8,065.51	 	825.00	 	1,157.94		 	6,330.30	 	800.41	 	1,123.40		 	6,141.70	 	-	 	6,141.70	
9	207	Miami-Dade Tax Collector	03/08/19	 A Taxes	 	11,170.14		 	(110.57)	 	(111.71)	 	10,947.86	 	1,100.00	 	1,543.92	 	1,140.87	 	7,385.35	 	1,078.09	 	1,513.17	 	1,118.20	 	7,238.40	 	1,118.20	 	7,238.40	
10	228	Miami-Dade Tax Collector	04/09/19	 A Taxes	 	15,583.22		 	(155.84)		 	15,427.38	 	1,545.82	 	2,170.75		 	11,866.65	 	1,530.33	 	2,149.05		   11,748.00	 	-	 	11,748.00	
11	700	Miami-Dade Tax Collector	05/03/19	Interest		 	52.54			 	52.54	 	52.54				 	52.54				 	-	 	-	
12	343	Miami-Dade Tax Collector	05/09/19	 A Taxes/Interest	 	8,313.24	 	166.27	 	(84.79)		 	8,394.72	 	991.27	 	1,157.94		 	6,330.30	 	981.37	 	1,146.35		 	6,267.00	 	-	 	6,267.00	
13	512	Miami-Dade Tax Collector	06/24/19	 A Taxes/Interest (TC)	 	11,255.96	 	506.52	 	(117.62)		 	11,644.86	 	1,606.52	 	1,543.92	 	2,281.74	 	6,330.30	 	1,590.41	 	1,528.50	 	2,258.95	 	6,267.00	 	2,258.95	 	6,267.00	
14	193	Miami-Dade Tax Collector	07/23/19	Interest		 	67.77			 	67.77	 	67.77				 	67.77				 	-	 	-	
15									 	-									 	-	 	-	
16									 	-									 	-	 	-	
17									 	-									 	-	 	-	
18									 	-											
19									 	-											
					
$561,694.76	
   1,075.26	
   (5,419.34)	
 	
(20,432.67)	
 	
536,918.01	
 	
56,211.83	
$ 77,389.22	
$ 81,001.77	
$ 348,167.20	
 	
53,668.04	
 	
73,829.62	
 	
77,146.85	
  332,273.50	
 	
77,146.85	
 	
332,273.50	

Assessment Roll = 561,694.76	ote: 561,694, 55,138, 77,388, 81,002 and 348,166 are 2018/2019 budgeted assessments before discounts and fees.
2014 Debt On Roll =	523,875, 51,830, 72,745, 76,385 and 322,915 are 2018/2019 budgeted
348,166.50	assessments after discounts and fees.

 	561,694.76		
 	1,075.26	 	536,918.01	
 	(56,211.83)	 	(73,829.62)	
 	(77,389.22)	 	(53,668.04)	
 	(348,167.20)	 	(77,146.85)	
       (81,001.77)	 (332,273.50)

Page 23

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Page 24

Century Gardens Community Development District Lennar Capital Improvement Recap
October 2018 - September 2019

	Date		Invoice #		Vendor		Description		Amount	
Lennar Capital Funds Recap	

10/31/2018				

Lennar Homes		

Capital Funds Received		

60,000.00	
	01/09/2019		2017-68		RGS Landscaping		Deposit For Installation Of 16 Royal Palms		-13,000.00	
	02/04/2019		2017-493		RGS Landscaping		Final Payment For Installation Of 16 Royal Palms		-17,000.00	

0.00
Total	30,000.00

Original Funds Available For Lennar Capital	
Lennar Capital Expenditures As Of 9/30/19	
Lennar Capital Funds Balance As Of 9/30/19	

$ 60,000.00	
$ 30,000.00	
$ 30,000.00