Laurel Road Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901

The following is the agenda for the Board of Supervisors Meeting for the Laurel Road Community Development District scheduled to be held Wednesday March 8, 2023, at 12:30 PM 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

Administrative Matters

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

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

Business Matters
Ratification of Change Order No. 14 for Vistera of Venice – Phase 1
Ratification of Funding Requests Nos. 092 – 093
Ratification of Payment Authorizations Nos. 001 - 003
Review of District Financial Statements
Other Business Staff Reports
District Counsel
District Engineer District Manager

Supervisor Requests and Comments Adjournment

Laurel Road Community Development District

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

MINUTES OF MEETING

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING
Wednesday, February 8, 2023, at 12:30 p.m. 5800 Lakewood Ranch Blvd,
Sarasota, FL 34240

Board Members present at roll call:

Pete Williams	Chairperson	(via phone)	
Janice Snow	Vice Chairperson		
John Blakley	Assistant Secretary		
John Leinaweaver	Assistant Secretary		
Dale Weidemiller	Assistant Secretary		

Also present at roll call via speakerphone or in-person:

Vivian Carvalho	PFM - District Manager		
Venessa Ripoll	PFM - District Manager	(via phone)	
Jorge Jimenez	PFM - ADM	(via phone)	
Amanda Lane	PFM - District Accountant	(via phone)	
Ed Vogler	Vogler Ashton – District Counsel	(via phone)	
John McKay	J. H. McKay, LLC		

FIRST ORDER OF BUSINESS	Administrative Matters Roll Call
The Board of Supervisors’ Meeting for Laurel Road CDD was called to order at 12:33 p.m. Those in attendance are outlined above either in person or via speakerphone.

Public Comment Period

There were no public comments.

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

The Board reviewed the minutes.

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

1 | P age 

SECOND ORDER OF BUSINESS	Business Matters

Review and Consideration of FEDCO Proposals for Vistera Phase 1A and 1B FPL Feeder and Primary Conduit System Installation

The Board requested for the future that documents show proof that they have been reviewed by a member of Neal Land & Neighborhoods .

ON MOTION by Mr. Weidemiller, seconded by Mr. Leinaweaver, with all in favor, the Board approved the FEDCO Proposals for Vistera Phase 1A and 1B FPL Feeder and Primary Conduit System Installation.

Ratification of Change Order No. 13 for Vistera of Venice – Phase 1

ON MOTION by Mr. Weidemiller, seconded by Ms. Snow, with all in favor, the Board ratified Change Order No. 13 for Vistera of Venice – Phase 1.

Ratification of Funding Requests Nos. 089 - 091

The Board reviewed the funding requests.

ON MOTION by Mr. Weidemiller, seconded by Ms. Snow, with all in favor, the Board ratified funding requests Nos. 089 - 091.

Review of District Financial Statements

The Board reviewed the District Financial Statements

ON MOTION by Mr. Leinaweaver, seconded by Ms. Snow, with all in favor, the Board approved the District Financial Statements.

2 | P age 

THIRD ORDER OF BUSINESS	Other Business Staff Reports	
District Counsel –	No report.		
District Engineer –	No report.		

District Manager –	Ms. Carvalho stated that the next meeting will be held on March 8, 2023, at 12:30 p.m.

Audience	Comments	and	Supervisor Requests

There were no audience comments or supervisor requests.

FOURTH ORDER OF BUSINESS	Adjournment

There were no other questions or comments.

ON MOTION by Ms. Snow, seconded by Mr. Leinaweaver, with all in favor, the February 8, 2023, Board of Supervisors’ Meeting for the Laurel Road Community Development District was adjourned at 12:39 p.m.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

3 | P age 

Laurel Road Community Development District

Change Order No. 14
for Vistera of Venice – Phase 1

CHANGE ORDER NO. 14

PROJECT	Vistera of Venice - Phase 1		

Date of Issuance	
February 24, 2023	
Effective Date	
February 24, 2023	

OWNER	

Laurel Road Community Development District		

OWNER's Contract No.	
N/A		

CONTRACTOR	
Forsberg Construction, Inc.	ENGINEER	
AM Engineering, LLC	

You are directed to make the following changes in the Contract Documents.

Description:	See attachment for description of work items

Reason for Change Order:	Plan revisions/additions, permit issuance/conditions, construction plan approval and project changes

Contract Time:	No change

CHANGE IN CONTRACT PRICE:
Original Contract Price
$	15,992,366.02	CHANGE IN CONTRACT TIMES:
Original Contract Times

Substantial/Final Completion:  437 Days	
			
Net Changes from previous Change Orders No. 1 to No. 13
$	6,366,573.95	Net Changes from previous Change Orders No. 1 to No. 13

421 Days	
			
Contract Price prior to this Change Order
$	22,358,939.97	Contract Times prior to this Change Order

Substantial/Final Completion:  858 Days	
			
Net Increase of this Change Order
$	156,595.34	Net Increase of this Change Order

0 Days	
			
Contract Price with all approved Change Orders
$	22,515,535.31	Contract Times with all approved Change Orders

Substantial/Final Completion:  858 Days	

RECOMMENDED:	APPROVED:	ACCEPTED:

AM Engineering, Inc.

Laurel Road CDD

Forsberg Construction, Inc.

By:	By: 		By:

Bobbi Claybrooke, P.E.

Peter Williams, Chairman

Gregg V Marsh, Vice President

Date: 02/27/23

Date:	Date:	2/24/23

CHANGE ORDER NO. 14
Exbibit "A" - Schedule of Values Vistera of Venice - Phase 1	
ITEM	DESCRIPTION	ESTIMATED
QUANTITY	UNIT PRICE	AMOUNT	
2. EARTHWORK (sod and seed quantities reflect Contract quantity - FUTURE CHANGE ORDER to reconcile quantity)	

42	Excavate, fill, screen and legally dispose of debris buried on-site thorugh end of August per 6/8/22 email - this is an on-going activity - as of 2/22, there are large areas in and adjacent Lake 500 with buried debris - in addition, there are large stockpiles that have to be screened and then debris hauled off-site and topsoil buried
in green areas	

1	

LS	

$ 156,595.34	

$	156,595.34	
EARTHWORK SUBTOTAL	$	156,595.34	
3. ROADWAY (FUTURE CHANGE ORDER to reconcile quantities, adjust unit prices to reflect price increases since bid date, modify scope of
work)	
4. STORM DRAINAGE (none)	
5. SANITARY SEWER (none) - FUTURE CHANGE ORDER - MODIFICATIONS TO ARIA AND FIORE PUMP STATIONS	
6. WATER MAIN (none) - FUTURE CHANGE ORDER - JUMPERS AND TESTING FOR SUBPHASING	
7. REUSE MAIN (none) - FUTURE CHANGE ORDER - TESTING FOR SUBPHASES	
8. AMENITY CENTER (none) - FUTURE CHANGE ORDER FOR ALL WORK AT AMENITY CENTER SITE	
	
SUMMARY	
	
2. EARTHWORK (sod and seed quantities reflect Contract quantity - FUTURE CHANGE ORDER to reconcile quantity)	$	156,595.34	
3. ROADWAY (FUTURE CHANGE ORDER to reconcile quantities, adjust unit prices to reflect price increases since bid da	$	-	
4. STORM DRAINAGE (none)	$	-	
5. SANITARY SEWER (none) - FUTURE CHANGE ORDER - MODIFICATIONS TO ARIA AND FIORE PUMP STATIO	$	-	
6. WATER MAIN (none) - FUTURE CHANGE ORDER - JUMPERS AND TESTING FOR SUBPHASING	$	-	
7. REUSE MAIN (none) - FUTURE CHANGE ORDER - TESTING FOR SUBPHASES	$	-	
8. AMENITY CENTER (none) - FUTURE CHANGE ORDER FOR ALL WORK AT AMENITY CENTER SITE	$	-	
Vistera of Venice - Phase 1 TOTAL	$	156,595.34	

Forsberg Construction, Inc.	Change Order Backup Documentation	2/24/2023

FORSBERG CONSTRUCTION, INC. VISTERA
TIME AND MATERIAL SPREADSHEET

Excavate, fill, screen and legally dispose of debris buried on-site through FEBRUARY 22 per 6/8/22 email - this is an on-going activity

Backfill	Backfill	Backfill	Dispose	LoadHaulFill	Dispose	Screen/Disp  LoadHaulFill	Screen	Screen	Screen	Screen	Screen	Screen	Screen/Disp	Screen	LoadHaulFill	Screen	LoadHaulFill	Screen	LoadHaulFill	Screen	Screen	Screen	Screen	Screen	Screen

Equipment Description	Scheduled
Rate (hr)	Date
9-Jan	Date
10-Jan	Date
11-Jan	Date
12-Jan	Date
13-Jan	Date
13-Jan	Date
16-Jan	Date
16-Jan	Date
17-Jan	Date
19-Jan	Date
20-Jan	Date
23-Jan	Date
24-Jan	Date
25-Jan	Date
26-Jan	Date
30-Jan	Date
30-Jan	Date
31-Jan	Date
31-Jan	Date
1-Feb	Date
1-Feb	Date
2-Feb	Date
3-Feb	Date
6-Feb	Date
7-Feb	Date
8-Feb	Date
9-Feb	
Loader	$	84.00				3		3	10		6	7	6	6	8	8	8	7		8		8		8	7	8	6	8	7	
Small Dozer	$	78.00																												
Large Dozer	$  132.00	9	6	10		9			10									10		10		10							
Tracked Hydraulic Excavator - Compact	$	96.00																												
Tracked Hydraulic Excavator - Small	$  132.00																												
Tracked Hydraulic Excavator - Large	$  204.00	9	6	10		18			14									10		10		10							
Rubber Tire Backhoe Loader	$	66.00																												
Motor Grader	$	90.00																												
Roller/Box Blade	$	57.60	9	6	10					10									10		10		10							
Compactor	$	24.00																												
Steel Sheets/Plates	$	18.00																												
Air Compressor	$	36.00																												
Trench Box	$	24.00																												
3" Pump	$	24.00																												
6"/8" Hydraulic/Vacuum Pump	$	72.00																												
Well Pointing Equipment	$	60.00																												
Jet Pump	$	36.00																												
Chain Saw	$	18.00																												
Cut off Saw (Pipe or Asphalt)	$	30.00																												
Screen	$	78.00							10		6	7	6	6	8	8	8	7		8		8		8	7	8	6	8	7	
3.5 kW Generator	$	24.00																												
5 kW Generator	$	30.00																												
25 kW Generator	$	36.00																												
Pickup	$	18.00	4	4	4	1	9		1	4	1	1	1	1	1	1	1	1	4	1	4	1	4	1	1	1	1	1	1	
Service Truck	$	72.00	1	1	1	1	1		1		1	1	1	1	1	1	1	1		1		1		1	1	1	1	1	1	
Lowboy with Tractor	$  120.00																												
Trailer	$	24.00																												
Articulated Truck	$  114.00	18	12	20	1	27			28									20		20		20							
Tri-Aixle Dump Truck	$	72.00				6		7	11								2													
Water Tank Truck	$	78.00																												
Equipment Subtotal																												
3	4	7	1
Labor Description																												
Project Manager	$	108.00																												
Supervisor	$	72.00	4	4	4		9		1	4	1	1	1	1	1	1	1	1	4	1	4	1	4	1	1	1	1	1	1	
Equipment Operator/Driver	$	48.00	45	30	50	3	54	3	10	62	6	7	6	6	8	8	8	7	50	8	50	8	50	8	7	8	6	8	7	
Equipment Operator/Driver	$	48.00				6		7	11								2													
Equipment Operator/Driver	$	48.00	2	2	2	2	2		2		2	2	2	2	2	2	2	2		2		2		2	2	2	2	2	2	
Pipelayer/Skilled Laborer	$	36.00																												
Laborer/Unskilled Laborer	$	30.00																												
Labor Subtotal																												

Material Description	Quantity																												
None	-																												
-																												
Material Subtotal																												
Material Total w/Tax Plus 15% Overhead & 15% Profit																												

Subcontract Work Description	Quantity																												
None	371.59																												
	-																												
Subcontractor Subtotal																												
Subcontract Work Total w/15% Overhead & 15% Profit																												

	SUMMARY	
Equipment			
Labor			
Material			
Subcontractor Work			
TOTAL			

Forsberg	

1 of 2	

2/24/2023	

Screen	Screen	Screen	Screen	Screen	Screen	Screen	Screen/Disp  Screen/Disp
Date
10-Feb	Date
13-Feb	Date
14-Feb	Date
15-Feb	Date
16-Feb	Date
17-Feb	Date
20-Feb	Date
21-Feb	Date
22-Feb	Date	Date	Date	Date	Date	Total
Hours	Total
Cost	
9	8	8	8	8	8	8	10	10						209	$	17,556.00	
														0	$	-	
														74	$	9,768.00	
														0	$	-	
														0	$	-	
														87	$	17,748.00	
														0	$	-	
														0	$	-	
														65	$	3,744.00	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
														0	$	-	
9	8	8	8	8	8	8	10	10						203	$	15,834.00	
														0	$	-	
														0	$	-	
														0	$	-	
1	1	1	1	1	1	1	1	1						64	$	1,152.00	
1	1	1	1	1	1	1	1	1						31	$	2,232.00	
														0	$	-	
														0	$	-	
														166	$	18,924.00	
							10	10						46	$	3,312.00	
														0	$	-	
															$	90,270.00	
8	7
																
														0	$	-	
1	1	1	1	1	1	1	1	1						63	$	4,536.00	
9	8	8	8	8	8	8	10	10						600	$	28,800.00	
							10	10						46	$	2,208.00	
2	2	2	2	2	2	2	2	2						62	$	2,976.00	
														0	$	-	
														0	$	-	
															$	38,520.00	

												Unit Price		UP w/Tax	Total	
												-		-	$	-	
												-		-	$	-	
															$	-	
															$	-	

											Unit Price		Total	
												57.56			$	21,388.72	
												-			$	-	
															$	21,388.72	
															$	27,805.34	

$	90,270.00	
$	38,520.00	
$	-	
$	27,805.34	
$	156,595.34	

Forsberg	2 of 2	2/24/2023

Laurel Road Community Development District

Funding Requests Nos. 092 – 093

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 92-93

FR #	Description	Amount	Total	
				
92	VGlobalTech	$	2,000.00		
		$	150.00		
				
			$2,150.00	
				
93	PFM Group Consulting	$	4,000.00		

	Supervisor Fees - 02/08/2023			
	Dale Weidemiller	$	200.00		
	John Blakley	$	200.00		
	Pete Williams	$	200.00		
	Janice Snow	$	200.00		
	John Leinaweaver	$	200.00		
				
			$5,000.00	

		Total	$7,150.00	

LAUREL ROAD
COMMUNITY	DEVELOPMENT	DISTRICT

Funding Request No. 092

2/3/2023		
Item No.	Vendor	Invoice Number	General Fund	

1	
VGlobalTech			
	October Website Design and Maintenance	4413	$  2,000.00	
	January Website Maintenance	4685	$	150.00	
		
TOTAL	
$  2,150.00	

Secretary I Assistant Secretary	Board Member

Laurel Road COD
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270

RECEIVED
By Amanda Lane at 8:23 am, Feb 06, 2023

Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925

LAUREL ROAD
COMMUNITY	DEVELOPMENT	DISTRICT

Funding Request No. 093

2/10/2023		
Item	Vendor	Invoice	General	
No.		Number	Fund	

1	
PFM Group Consulting			
	OM Fee: February 2023	DM--02--2023--25	$  4,000.000	
2	Supervisor Fees -- 02/08/2023 Meeting
Dale Weidemiller	
--	
$	200.00	
	John Blakley	--	$	200.00	
	Pete Williams	--	$	200.00	
	Janice Snow	--	$	200.000	
	John Leinaweaver	--	$	200.000	
		
TOTAL	
$  5,000.00	

Secretary / Assistant Secretary	Board Member

Laurel Road COD
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723--5925	RECEIVED
By Amanda Lane at 10:25 am, Feb 13, 2023

Laurel Road Community Development District

Payment Authorizations Nos. 001 – 003

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT
Payment Authorizations Nos. 001 - 003

PA #	Description	Amount	Total	
				
1	CA Florida Holdings	$	187.00		
				
	PFM Group Consulting	$	4,000.00		
				
	Supervisor Fees - 12/14/2022			
	Dale Weidemiller	$	200.00		
	John Blakley	$	200.00		
	Pete Williams	$	200.00		
	Janice Snow	$	200.00		
	John Leinaweaver	$	200.00		
				
			$5,187.00	
				
2	Vogle Ashton	$	1,509.50		
		$	449.00		
				
			$1,958.50	
				
3	US Bank	$	3,524.39		
		$	721.86		
				
	VGlobalTech	$	150.00		
		$	150.00		
				
			$4,546.25	
				
		Total	$11,691.75	

LAUREL ROAD
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization No. 001
12/16/2022

Item
No.	Vendor	Invoice
Number	General
Fund	

1	
CA Florida Holdings			
	Legal Advertising on 11/02/2022; Ad: 7952333	5095216	$	187.00	
2	PFM Group Consulting			
	DM Fee: December 2022	DM-i 2-2022-25	$  4,000.00	
3	Supervisor Fees --12/14/2022 Meeting
Dale Weidemiller	
--	

$	200.00	
	John Blakley	--	$	200.00	
	Pete Williams	--	$	200.00	
	Janice Snow	--	$	200.00	
	John Leinaweaver	--	$	200.00	
		
TOTAL	
$  5,187.00	

Secretary / Assistant Secretary	

Laurel Road COD
c/o PFM Group Consulting

RECEIVED
By Amanda Lane at 2:16 pm, Dec 20, 2022

3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925

LAUREL ROAD
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization No. 002

12/23/2022

Item No.	Vendor	Invoice Number	General Fund	
1	Vogler Ashton			
	General Counsel Through 10/31/2022	414	$  1,509.50	
	General Counsel Through 11/30/2022	476	$	449.00	
		
TOTAL	
$  1,958.50	

Secretary/ Assistant Secretary	Board Member

Laurel Road COD
c/o PFM Group Consulting

RECEIVED
By Amanda Lane at 3:14 pm, Dec 27, 2022

3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925

LAUREL ROAD
COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization No. 003

1/6/2023		
Item No.	Vendor	Invoice Number	General Fund	

1	
US Bank			
	Series 2021A1,2 Trustee Services 12/01/2022 - 09/30/2023	6773758	$  3,524.39	
	Series 2021A1,2 Trustee Services 10/01/2023 - 11/30/2023	6773758	$	721.86	
2	VGlobalTech			
	November Website Maintenance	4472	$	150.00	
	December Website Maintenance	4597	$	150.00	
		
TOTAL	
$  4,546.25	

Secretary I Assistant Secretary	Board Member

Laurel Road COD
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270

RECEIVED
By Amanda Lane at 8:47 am, Jan 09, 2023

Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925

Laurel Road Community Development District

District Financial Statements

	Laurel Road CDD	
	Statement of Financial Position	
	As of 1/31/2023	

General Fund	
Debt Service Fund	
Capital Projects Fund	
	
Assets	
Current Assets		
General Checking Account	$3,844.02	
Accounts Receivable - Due from Developer	11,551.67	
Prepaid Expenses	721.86	
Series 2021A1 Debt Service Reserve	$327,259.38	
Series 2021A2 Debt Service Reserve	164,843.75	
Series 2021A Revenue	25.41	
Series 2021A2 Interest	0.05	
Series 2021A Acquisition/Construction	$3,118,462.69	
Total Current Assets	$16,117.55	$492,128.59	$3,118,462.69	

Investments		
Amount Available in Debt Service Funds		
Amount To Be Provided		
Total Investments	$0.00	$0.00	$0.00	
Total Assets	$16,117.55	$492,128.59	$3,118,462.69	

 	
Long-Term Debt		Total	

$0.00		

$3,844.02 11,551.67
721.86
327,259.38
164,843.75
25.41
0.05
3,118,462.69
$3,626,708.83	

$492,128.59 21,857,871.41
$22,350,000.00		
$492,128.59 21,857,871.41
$22,350,000.00	
$22,350,000.00		$25,976,708.83	

Page 1 of 2

	Laurel Road CDD	
	Statement of Financial Position	
	As of 1/31/2023	

General Fund	
Debt Service Fund	
Capital Projects Fund	
	Liabilities and Net Assets	
Current Liabilities		
Accounts Payable	$8,555.00	
Deferred Revenue	11,551.67	
Accounts Payable	$11,000.00	
Retainage Payable	668,533.40	
Total Current Liabilities	$20,106.67	$0.00	$679,533.40	

Long Term Liabilities		
Revenue Bonds Payable - Long-Term		
Total Long Term Liabilities	$0.00	$0.00	$0.00	
Total Liabilities	$20,106.67	$0.00	$679,533.40	

Net Assets		
Net Assets, Unrestricted	($0.05)	
Net Assets - General Government	3,898.74	
Current Year Net Assets - General Government	(7,887.81)	
Net Assets, Unrestricted	$865,543.13	
Current Year Net Assets, Unrestricted	(373,414.54)	
Net Assets, Unrestricted	$6,835,756.09	
Current Year Net Assets, Unrestricted	(4,396,826.80)	
Total Net Assets	($3,989.12)	$492,128.59	$2,438,929.29	
		
Total Liabilities and Net Assets	$16,117.55	$492,128.59	$3,118,462.69	

 	
Long-Term Debt		Total	

$0.00		

$8,555.00 11,551.67
11,000.00
668,533.40
$699,640.07	

$22,350,000.00
$22,350,000.00		
$22,350,000.00
$22,350,000.00	
$22,350,000.00		$23,049,640.07	

$0.00		

($0.05) 3,898.74
(7,887.81)

865,543.13
(373,414.54)

6,835,756.09
(4,396,826.80)

$2,927,068.76	
			
$22,350,000.00		$25,976,708.83	

Page 2 of 2

Laurel Road CDD Statement of Activities As of 1/31/2023

General Fund	Debt Service Fund

Capital Projects Fund

Long-Term Debt	Total

Revenues

Off-Roll Assessments	$13,502.85								$13,502.85	
Developer Contributions	12,970.76								12,970.76	
Other Income & Other Financing Sources	0.64								0.64	
Inter-Fund Group Transfers In			($21.08)						(21.08)	
Inter-Fund Transfers In					$21.08				21.08	
Total Revenues	$26,474.25		($21.08)		$21.08		$0.00		$26,474.25	

Expenses

Supervisor Fees	$4,000.00								$4,000.00	
Public Officials' Liability Insurance	2,504.00								2,504.00	
Trustee Services	3,524.39								3,524.39	
Management	16,000.00								16,000.00	
District Counsel	2,178.50								2,178.50	
Legal Advertising	2,046.17								2,046.17	
Office Supplies	125.00								125.00	
Web Site Maintenance	750.00								750.00	
Dues, Licenses, and Fees	175.00								175.00	
General Insurance	3,059.00								3,059.00	
Interest Payments - A1 bond			$208,557.50						208,557.50	
Interest Payments - A2 bond			164,843.75						164,843.75	
Engineering					$7,046.35				7,046.35	
Contingency					4,389,884.22				4,389,884.22	
Total Expenses	$34,362.06		$373,401.25		$4,396,930.57		$0.00		$4,804,693.88	

Other Revenues (Expenses) & Gains (Losses)

Interest Income			$7.79						$7.79	
Interest Income					$82.69				82.69	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$7.79		$82.69		$0.00		$90.48	
Change In Net Assets	($7,887.81)		($373,414.54)		($4,396,826.80)		$0.00		($4,778,129.15)	

Net Assets At Beginning Of Year	
$3,898.69		
$865,543.13		
$6,835,756.09		
$0.00		
$7,705,197.91	

Net Assets At End Of Year	
($3,989.12)		
$492,128.59		
$2,438,929.29		
$0.00		
$2,927,068.76	

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Laurel Road CDD
Budget to Actual
For the Month Ending 01/31/2023	
Year To Date	
		
Actual			
Budget			
Variance		FY 2023
Adopted Budget		

Revenues												
Off-Roll Assessments Developer Contributions
Other Income & Other Financing Sources
Net Revenues	$	13,502.85
12,970.76
0.64

$	26,474.25	$	-
91,244.33
-

$	91,244.33		$

$	13,502.85
(78,273.57)
0.64
(64,770.08)		$	-
273,733.00
-

$	273,733.00		
General & Administrative Expenses
Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management Engineering Dissemination Agent District Counsel
Assessment Administration Audit
Arbitrage Calculation Telephone
Postage & Shipping Legal Advertising Miscellaneous Office Supplies
Web Site Maintenance Dues, Licenses, and Fees Maintenance Staff Lifestyle Staff
Total General & Administrative Expenses	

$	4,000.00
2,504.00
3,524.39
16,000.00
-
- 2,178.50
-
-
-
-
- 2,046.17
- 125.00
750.00
175.00
-
-

$	31,303.06		

$

$	

4,300.00
- 2,000.00
16,000.00
5,000.00
333.33
8,333.33
1,833.33
2,166.67
166.67
66.67
166.67
2,666.67
196.98
166.67
305.00
58.33
6,666.67
6,666.67
57,093.66		

$

$	

(300.00)
2,504.00
1,524.39
- (5,000.00)
(333.33)
(6,154.83)
(1,833.33)
(2,166.67)
(166.67)
(66.67)
(166.67)
(620.50)
(196.98)
(41.67)
445.00
116.67
(6,666.67)
(6,666.67)
(25,790.60)		

$	12,900.00
- 6,000.00
48,000.00
15,000.00
1,000.00
25,000.00
5,500.00
6,500.00
500.00
200.00
500.00
8,000.00
590.00
500.00
915.00
175.00
20,000.00
20,000.00

$	171,280.00		

Field Operations Expenses
Electric
Water Reclaimed Equipment Rental General Insurance
Property & Casualty Insurance Irrigation
Lake Maintenance
Landscaping Maintenance & Material Landscape Improvements Contingency
Gate - Repairs & Maintenance Street Sweeping
Lighting Bike Share
Total Field Operations Expenses	

$	-
-
- 3,059.00
-
-
-
-
-
-
-
-
-
-

$	3,059.00		

$

$	

1,166.67
1,666.67
2,000.00
1,984.00
1,700.00
66.67
6,000.00
8,333.33
833.33
3,333.33
333.33
5,000.00
66.67
1,666.67
34,150.67		

$

$	

(1,166.67)
(1,666.67)
(2,000.00)
1,075.00
(1,700.00)
(66.67)
(6,000.00)
(8,333.33)
(833.33)
(3,333.33)
(333.33)
(5,000.00)
(66.67)
(1,666.67)
(31,091.67)		

$	3,500.00
5,000.00
6,000.00
5,952.00
5,100.00
200.00
18,000.00
25,000.00
2,500.00
10,000.00
1,000.00
15,000.00
200.00
5,000.00

$	102,452.00		

Total Expenses	
 $	34,362.06 		
 $		
91,244.33 		
 $		
(56,882.27)		
 $	273,732.00 		
Net Income (Loss)	$	(7,887.81)		$	-		$	(7,887.81)		$	1.00	*	

* The prior management company did not balance the budget for the Board.								

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