Laurel Road Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901
https://laurelroadcdd.com/

The following is the agenda for the Board of Supervisors Meeting for the Laurel Road Community Development District scheduled to be held Wednesday, March 13, 2024, 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: 2536 634 0209
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]
Consent Agenda
Minutes of the February 14, 2024, Board of Supervisors’ Meeting
Forsberg Construction – Upsize Reclaimed Services
Securiteam – Pool Phone
Funding Request No. 136 – 138
Payment Authorizations Nos. 033 – 036
District Financial Statements

Business Matters

Other Business Staff Reports
District Counsel District Engineer District Manager
Supervisor Requests and Comments Adjournment

Laurel Road Community Development District

Consent Agenda

Laurel Road Community Development District

Minutes of the February 14, 2024, Board of Supervisors’ Meeting

MINUTES OF MEETING

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING
Wednesday, February 14, 2024, at 12:30 p.m. 5800 Lakewood Ranch Blvd,
Sarasota, FL 34240

Board Members present at roll call:

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

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

Vivian Carvalho	PFM Group Consulting LLC - District Manager		
Jorge Jimenez	PFM Group Consulting LLC – ADM	(via phone)	
Amanda Lane	PFM Group Consulting LLC – District Accountant	(via phone)	
Tom Panaseny	Neal Communities – Developer	(via phone)	
Jim Schier	Neal Communities – Developer		
Bobbi Claybrooke	AM Engineering, LLC District Engineer	(via phone)	
John McKay	J.H. McKay, LLC		
Andy Richardson	Neal Communities		

FIRST ORDER OF BUSINESS	Administrative Matters

Roll Call

The Board of Supervisors’ Meeting for Laurel Road CDD was called to order at 12:30 p.m. Those in attendance are outlined above either in person or via speakerphone.

Public Comment Period

There were no public comments.

1 | P age 

Consent Agenda
Minutes of the January 10, 2024, Board of Supervisors’ Meeting
Bay Area Bobcat Berm/Clean-up & Grading
Florida Premier Turf – Sod
Empire Horticultural Services – Parking Lot Landscape
Mike Armstrong Landscaping Change Orders #3, 4, & 5 – Vistera
Maverick Building Solutions – Golf Cart Parking Shades
Grau & Associates FY 2023 Audit Engagement Letter
Funding Requests Nos. 133 – 135
Payment Authorizations Nos. 030 – 032
Series 2021 Requisitions Nos. 122 –
134
District Financial Statements

The Board asked that items #4 and #6 be removed from the Consent Agenda.

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board approved the constant agenda items 1 - 3, 5, & 7 - 11.

SECOND ORDER OF BUSINESS	Business Matters

Consideration of Decorative Paver Concepts Proposal for Model Parking Pavers

Mr. Panaseny asked that this item be removed from the agenda as it is not District related expenses.

Consideration of Mike Armstrong Landscaping Change Order #6 – Vistera

2 | P age 

ON MOTION by Ms. Snow, seconded by Mr. Williams, with all in favor the Board approved the Mike Armstrong Change Order #6 - Vistera.

THIRD ORDER OF BUSINESS	Other Business

Staff Reports

District Counsel –	Not present.

District Engineer –	No report.

District Manager –  Ms. Carvalho stated that the District will begin the process of building the FY 2025 budget with a proposed budget being presented at May 2024 meeting.

Audience	Comments	and	Supervisor Requests

There were no requests at this time.

FOURTH ORDER OF BUSINESS	Adjournment

There were no other questions or comments.

ON MOTION by Mr. Blakley, seconded by Mr. Williams, with all in favor, the February 14, 2024, Board of Supervisors’ Meeting for the Laurel Road Community Development District was adjourned at 12:35 p.m.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

3 | P age 

Laurel Road Community Development District

Forsberg Construction - Upsize Reclaimed Services

FORCDD - RCLMD

PROPOSAL

TO:		NEAL LAND & NEIGHBORHOODS	DATE:	08-MAR-24 ATTN: ANDY RICHARDSON
5800 LAKEWOOD RANCH BLVD	FORSBERG
SARASOTA.FL  34240		 I
------------	CONSTRUCTION INC.

PROJECT:   VISTERA	SITEWORK	ROADS	UTILITIES

645CHARLOTTE STREET PUNTA GORDA, FL 33950

JOB NO.	24-0lB

PHONE: (941) 637-8500	FAX: (941) 639-1 073
STATE LiC.# CU CO 05571 6

QUANTITY	UNIT	DESCRIPTION	UNIT PRICE	TOTAL PRICE	
					
1	LS	INSTALL 3 - 2" REUSE SERVICES ON EXISTING	$ 15,000.00	$	15,000.00	
		MAINS - EXISTING 1" SERVICES WILL REMAIN	NOT TO EXCEED	
		IN PLACE - DOES NOT INCLUDE REMOVAL AND			
		REPLACEMENT OF SIDEWALK, IF NECESSARY			

					

					

					

					

					

					

					
					
			JI		
		.,,,,,,,.,.-	I	I			,	
		/,,	---/_,I,,,.	I	'	)	/	,,(.","-'	//	"\			
		·	--A	j	J	I	..41		
		\	"")	-----	l/	V	I		
		'	.J'			

		..,,.			
FORSBERG C S	TlO	-		SUBTOTAL	$	15,000.00	
/ .,,,-ffV	'--;I"'	3/8/2024	TAX(7%)	N/A	
GRE ;[H, V.P.		TOTAL	$	15,000.00	
	DATE			

Laurel Road Community Development District

Securiteam - Pool Phone

VISCDDP1 - Amenities/Non-Entry

North River Ranch Vistera Change Order Emergency Phone

Emergency Phone	$746.00

1	Emergency Phone

Project Summary

TOTAL:	$746.00

Balance upon substantial completion

***Installation and/or service taxes not included, if applicable.***

* Recurring service charges not included in the total install price.

Securiteam	13745 N. Nebraska Ave	Tampa, FL 33613	USA	813.909.7775
5 of 7

Product Details

Emergency Phone
Connectivity Technology Cable Form Factor Surface Mount Wall Mount Height 5.2 Width 4 Depth 2 Application Usage Automated Teller Machine ATM Convention Center Elevator Emergency Entryway Lobby Medical Center Parking Lot Public Access Area Stadium Limited Warranty 2 Year

Change Order Emergency Phone	3/7/2024
6 of 7

Terms, Scope, & Acceptance

Your satisfaction is important to us, and we plan to exceed your expectations!
This proposal is a complete package, including design, wiring, equipment, installation.
All equipment is warranted by the manufacturers. We guarantee all installation work to be free of defects for a period of thirty days from installation date. If service is required, we will be happy to provide you with excellent service for your system.
Customer must maintain sufficient insurance to cover property damages or bodily injury for Customer and any of its licensees, invitees or others who are not such licensees, contractors, employees, agents or invitees of Securiteam, Inc. Customer agrees that recovery from Securiteam for any property damage or bodily injury shall be offset by payment from such insurance.
Prices contained in this proposal are valid for 30 days. Any changes to this proposal will be submitted in writing for approval.
To be supplied by others to Securiteam’s specifications:
Municipal permit fees (if applicable)
A/C power & electrical conduit
Applicable internet or telephone communications services
50% down and balance upon substantial completion

Accepted by	Date	Securiteam

3/11/2024

I accept this proposal and authorize the work to be done and accept responsibility for payments due.	

Securiteam	13745 N. Nebraska Ave. Tampa, FL 33613	813.909.7775

7 of 7

Laurel Road Community Development District

Funding Requests Nos. 136 – 138

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT	
Funding Requests Nos. 136 - 138	

FR #	Description	Amount	Total	
				
136	Bay Area Bobcat	$	1,750.00		
				
	Maverick Building Solutions	$	10,419.00		
				
			$12,169.00	
				
137	Bay Area Bobcat	$	1,850.00		
				
	GeoPoint Surveying	$	1,430.00		
				
	Mike Armstrong Landscaping	$	139,832.69		
		$	184,319.78		
				
			$327,432.47	
				
138	Driggers Engineering Services	$	1,183.50		
				
	LRK	$	8,882.70		
				
			$10,066.20	
				
		Total	$349,667.67	

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 136

Funding Request No. 136

2/2/2024

2/2/2024

Item No.

Vendo

r

Invoice

Construction

te	Vend	nvo c	Constructio

Number

Fund

No	Number	Fund

1	Bay Area Bobcat

1	Bay Area Bobcat

Cut Dirt / Grade & Back Blade

97

Cut Dirt / G ade & Back Blad	97

$	1,750.00

1,750.00

$

2	Maverick Building Solutions

2	Maverick Building Solutions

Shade Structure Installation

16

Shade Structure Installation	161

$	10,419.00

10,419.00

$

TOTAL

12,169.00

$

TOTAL	$	12,169.00

Secretary / Assistant Secretar

y

Board Member

c

Se retary / Assistant Secretary	Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

3501 Quadrangle Blvd. Ste. 270

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 8:42 am, Feb 05, 2024

LAUREL ROAD

Vistera Pay

Applicat

ion #

Through 01/10/2024

184,319.78

$

TOTAL

327,432.47

$

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 137

Funding Request No. 137

2/9/2024

2/9/2024

Item No.

	
--
--

Vendo

r

Invoice

Construction

te	Vend	nvo c	Constructio

Number

Fund

No	Number	Fund

98

1,850.00

$

2

89917-2

1,430.00

$

3

139,832.69

$

Bay

A

rea Bobcat

Phase 1 Dirt

Fill

GeoPoint

Phase 1 Survey

St

aking

Mike Armstrong Landscaping

Vistera Pay

Applicat

ion #3 Through 12/10/2023

1	Bay Area Bobcat
Phas  1 Dirt Fill	98	$	1,850.00	
2	GeoPoint Surveying
Phase 1 Survey Staking	
89917-2	
$	1,430.00	
3	Mike Armstrong Landscaping
Vistera Pay Application #3 Through 12/10/2023	

$	139,832.69	
Vistera Pay Application #  Through 01/10/2024	
	$	184,319.78	
	
TOTAL	
$	327,432.47	

Se

y

Board Member

cretary / Assistant Secr

Secretary / Assistant Secretary	Board Memb

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

3501 Quadrangle Blvd. Ste. 270

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 2:18 pm, Feb 12, 2024

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Funding Request No. 138

Funding Request No. 138

2/23/2024

2/23/2024

Item

Vendor

Invoice

Construction

Item	Vendor	Invoice	Construction

No.

Number

Fund

No.	Number	Fund

1	Driggers Engineering Services

Driggers Engineering Services

Vistera Phase 1 Engineering Services Through 01/31/2024

SAL16592

Vistera Phase 1 Engineering Services Through 01/31/2024	SAL16592

1,183.50

$

$	1,183.50

2	LRK

LRK

Vistera Amenity Services Through 01/31/2024

04.21020.00 - 14

$

Vistera Amenity Services Through 01/31/2024	04.21020.00 - 14

$	8,882.70

8,882.70

TOTAL

10,066.20

$

TOTAL	$	10,066.20

S

ar

y

Board Member

ecretar

/ Assistant Secret

ecretary / Assistant Secret ry	Board Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

Orlando, FL 32817

c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 8:40 am, Feb 26, 2024

Laurel Road Community Development District

Payment Authorizations Nos. 033 – 036

LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT	
Payment Authorizations Nos. 033 - 036	

PA #	Description	Amount	Total	
				
33	Advanced Aquatic Services	$	1,745.00		
				
	FPL	$	1,957.51		
				
			$3,702.51	
				
34	Clean Sweep Parking Lot Maintenance	$	760.00		
				
			$760.00	
				
35	Gannet Florida LocaliQ	$	170.50		
				
	PFM Group Consulting	$	4,400.00		
				
	Vogler Ashton	$	566.00		
				
			$5,136.50	
				
36	Supervisor Fees - 02/14/2024 Meeting			
	Dale Weidemiller	$	200.00		
	John Blakley	$	200.00		
	Pete Williams	$	200.00		
	Janice Snow	$	200.00		
	John Leinaweaver	$	200.00		
				
			$1,000.00	
				
		Total	$10,599.01	

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 033

Payment Authorization No. 033

2/2/2024

2/2/2024

Item	Vendor	Invoice	General

Ite	Vendor	Inv ice	Genera

No.

Number	Fund

No.	Number	Fund

Advanced Aquatic Services

Advanced Aquatic Services

February Lake Maintenance	10552618	1,745.00

$

February Lake Maintenance	10552618	1,745.00

2	FPL

FPL

Streets Lights: Service 12/28/2023 - 01/29/2024

Acct: 89605-84509	1,957.5

$

Streets Lights: Service 12/28/2023 - 01/29/2024	Acct: 89605-84509	1,957.51

TOTAL

3,702.5

$

TOTAL	$  3,702.51

/ Assistant Secretar

Board Member

Sec etary	y	Board Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

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

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 8:42 am, Feb 05, 2024

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 034

Payment Authorization No. 034

2/9/2024

2/9/2024

Item	Vendor	Invoice	General

Ite	Vendor	Inv ice	Genera

No.

Number	Fund

No.	Number	Fund

Clean Sweep Parking Lot Maintenance

Clean Sweep Parking Lot Maintenance

January Power Sweeping	53827	760.00

$

January Power Sweeping	53827	760.00

TOTAL

760.00

$

TOTAL	$	760.00

Secr

ar

y

Board Member

tar

/ Assistant Secret

Secret  y / Assistant Secreta y	Board Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

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

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 2:18 pm, Feb 12, 2024

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 035

Payment Authorization No. 035

2/16/2024

2/16/2024

Item	Vendor	Invoice	General

Ite	Vendor	Inv ice	Genera

No.

Number	Fund

No.	Number	Fund

Gannet Florida LocaliQ

Gannet Florida LocaliQ

Legal Ad On 01/03/2024 (Ad: 9647359)	6202025	170.50

$

Legal Ad On 01/03/2024 (Ad: 9647359)	6202025	170.50

2

PFM Group Consulting

PFM Group Consulting

February DM Fee

DM-02-2024-27	4,400.00

$

February DM Fee	DM-02-2024-27	4,400.00

3	Vogler Ashton

Vogler Ashton

General Counsel Through 01/09/2024

1104

General Counsel Through 01/09/2024	1104

$	566.00

566.00

$

TOTAL

5,136.50

$

TOTAL	$  5,136.50

Sec

tar

y

Board Member

retar

/ Assistant Secre

Se  et  y / A	istant S	ary	Board Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

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

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 11:59 am, Feb 20, 2024

LAUREL ROAD

LAUREL ROAD

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 036

Payment Authorization No. 036

2/23/2024

2/23/2024

Item	Vendor	Invoice	General

Ite	Vendor	Inv ice	Genera

No.

Number	Fund

No.	Number	Fund

1	Supervisor Fees - 02/14/2024 Meeting

Supervisor Fees - 02/14/2024 Meeting

200.00

Dale Weidemiller	--

$

Dale Weidemiller	--	200.00

$

John Blakley	--	200.00

200.00

Pete Williams	--

$

Pete Williams	--	200.00

200.00

Janice Snow	--

$

Janice Snow	--	200.00

200.00

John Leinaweaver	--

$

John Lei aweaver	--	200.00

TOTAL

1,000.00

$

TOTAL	$  1,000.00

S

ar

y

Board Member

ecretar

/ Assistant Secret

S cretary / Assistant Secret ry	Board Member

Laurel Road CDD

Laurel Road CDD

c/o PFM Group Consulting

3501 Quadrangle Blvd. Ste. 270

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

Orlando, FL 32817

Orlando, FL 32817

LaneA@pfm.com // (407) 723-5925

LaneA@pfm.com // (407) 723-5925
By Amanda Lane at 8:40 am, Feb 26, 2024

Laurel Road Community Development District

District Financial Statements

Laurel Road CDD
Statement of Financial Position As of 1/31/2024

General Fund	Debt Service Fund

Capital Projects Fund

Long-Term Debt	Total

	Assets		
Current Assets
General Checking Account	
$352,616.79							
$352,616.79	
Assessments Receivable	27,364.32							27,364.32	
Due From Other Funds	41.01							41.01	
Prepaid Expenses	707.71							707.71	
Deposits	4,200.00							4,200.00	
Due From Other Funds		$49,000.81						49,000.81	
Series 2021A1 Debt Service Reserve		326,971.87						326,971.87	
Series 2021A2 Debt Service Reserve		164,843.75						164,843.75	
Series 2021A Revenue		627,206.79						627,206.79	
Series 2021A2 Interest		0.05						0.05	
Series 2021A1 Prepayment		4,790.81						4,790.81	
Series 2021A2 Prepayment		1,754,669.90						1,754,669.90	
Accounts Receivable - Due from Developer				$776,698.88				776,698.88	
Series 2021A Acquisition/Construction		
		2,027.54				2,027.54	
Total Current Assets	$384,929.83	$2,927,483.98		$778,726.42		$0.00		$4,091,140.23	

Investments									
Amount Available in Debt Service Funds							$2,878,483.17		$2,878,483.17	
Amount To Be Provided							18,301,516.83		18,301,516.83	
Total Investments	$0.00		$0.00		$0.00		$21,180,000.00		$21,180,000.00	
Total Assets	$384,929.83		$2,927,483.98		$778,726.42		$21,180,000.00		$25,271,140.23	

Page 1 of 2

Laurel Road CDD
Statement of Financial Position As of 1/31/2024

General Fund	Debt Service Fund

Capital Projects Fund

Long-Term Debt	Total

	Liabilities and Net Assets		
Current Liabilities
Notes and Loans Payable - Current	
$41.01		
$41.01	
Due To Other Funds	49,000.81		49,000.81	
Deferred Revenue	27,364.32		27,364.32	
Accounts Payable		$776,698.88	776,698.88	
Retainage Payable		6,164.89	6,164.89	
Deferred Revenue		776,698.88	776,698.88	
Total Current Liabilities	$76,406.14		$0.00		$1,559,562.65		$0.00		$1,635,968.79	

Long Term Liabilities
Revenue Bonds Payable - Long-Term							

$21,180,000.00		

$21,180,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$21,180,000.00		$21,180,000.00	
Total Liabilities	$76,406.14		$0.00		$1,559,562.65		$21,180,000.00		$22,815,968.79	

Net Assets
Net Assets, Unrestricted	

($0.05)								

($0.05)	
Net Assets - General Government	14,979.39								14,979.39	
Current Year Net Assets - General Government	293,544.35								293,544.35	
Net Assets, Unrestricted			$719,470.34						719,470.34	
Current Year Net Assets, Unrestricted			2,208,013.64						2,208,013.64	
Net Assets, Unrestricted					($689,509.54)				(689,509.54)	
Current Year Net Assets, Unrestricted					(91,326.69)				(91,326.69)	
Total Net Assets	$308,523.69		$2,927,483.98		($780,836.23)		$0.00		$2,455,171.44	
										
Total Liabilities and Net Assets	$384,929.83		$2,927,483.98		$778,726.42		$21,180,000.00		$25,271,140.23	

Page 2 of 2

Laurel Road CDD Statement of Activities As of 1/31/2024

General Fund	Debt Service
Fund

Capital Projects Fund

Long-Term Debt

Total

Revenues

On-Roll Assessments	$315,751.10								$315,751.10	
Off-Roll Assessments	27,364.32								27,364.32	
On-Roll Assessments			$654,705.60						654,705.60	
Other Assessments			2,085,605.95						2,085,605.95	
Developer Contributions					$319,653.99				319,653.99	
Other Income & Other Financing Sources					447,000.00				447,000.00	
Total Revenues	$343,115.42		$2,740,311.55		$766,653.99		$0.00		$3,850,080.96	

Expenses

Supervisor Fees	$4,000.00								$4,000.00	
Public Officials' Liability Insurance	2,604.00								2,604.00	
Trustee Services	4,260.40								4,260.40	
Management	17,600.00								17,600.00	
Disclosure	250.00								250.00	
District Counsel	1,813.50								1,813.50	
Assessment Administration	5,500.00								5,500.00	
Postage & Shipping	1.89								1.89	
Legal Advertising	1,441.50								1,441.50	
Web Site Maintenance	900.00								900.00	
Dues, Licenses, and Fees	175.00								175.00	
General Insurance	3,182.00								3,182.00	
Lake Maintenance	6,980.00								6,980.00	
Street Sweeping	2,470.00								2,470.00	
Streetlights	5,812.95								5,812.95	
Series 2021 A2 Principal Payments			$185,000.00						185,000.00	
Series 2021 A1 Interest Payments			205,256.26						205,256.26	
Series 2021 A2 Interest Payments			153,359.38						153,359.38	
Engineering					$9,609.82				9,609.82	
Contingency					851,889.55				851,889.55	
Total Expenses	$56,991.24		$543,615.64		$861,499.37		$0.00		$1,462,106.25	

Page 1 of 2

Laurel Road CDD Statement of Activities As of 1/31/2024

General Fund	Debt Service
Fund

Capital Projects Fund

Long-Term Debt

Total

Other Revenues (Expenses) & Gains (Losses)										
Interest Income	$7,420.17								$7,420.17	
Dividend Income			$11,317.73						11,317.73	
Dividend Income					$3,518.69				3,518.69	
Total Other Revenues (Expenses) & Gains (Losses)	$7,420.17		$11,317.73		$3,518.69		$0.00		$22,256.59	
Change In Net Assets	$293,544.35		$2,208,013.64		($91,326.69)		$0.00		$2,410,231.30	
Net Assets At Beginning Of Year	$14,979.34		$719,470.34		($689,509.54)		$0.00		$44,940.14	

Net Assets At End Of Year	
$308,523.69		
$2,927,483.98		
($780,836.23)		
$0.00		
$2,455,171.44	

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Laurel Road CDD
Budget to Actual
For the Month Ending 1/31/2024

Year To Date

	Actual		Budget		Variance		FY 2024
Adopted Budget	

Revenues								
On-Roll Assessments	$	315,751.10		$	105,092.29		$	210,658.81		$	315,276.88	
Off-Roll Assessments	27,364.32		18,243.46		9,120.86		54,730.39	
Net Revenues	$	343,115.42		$	123,335.75		$	219,779.67		$	370,007.27	
General & Administrative Expenses								
Supervisor Fees	$	4,000.00		$	4,000.00		$	-		$	12,000.00	
Public Officials' Liability Insurance	2,604.00		1,000.00		1,604.00		3,000.00	
Trustee Services	4,260.40		1,333.33		2,927.07		4,000.00	
Management	17,600.00		17,600.00		-		52,800.00	
Engineering	-		5,000.00		(5,000.00)		15,000.00	
Disclosure	250.00		333.33		(83.33)		1,000.00	
District Counsel	1,813.50		8,333.33		(6,519.83)		25,000.00	
Assessment Administration	5,500.00		1,833.33		3,666.67		5,500.00	
Reamortization Schedules	-		41.67		(41.67)		125.00	
Audit	-		2,166.67		(2,166.67)		6,500.00	
Arbitrage Calculation	-		166.67		(166.67)		500.00	
Telephone	-		66.67		(66.67)		200.00	
Postage & Shipping	1.89		166.67		(164.78)		500.00	
Legal Advertising	1,441.50		2,666.67		(1,225.17)		8,000.00	
Miscellaneous	-		200.00		(200.00)		600.00	
Office Supplies	-		176.65		(176.65)		530.00	
Web Site Maintenance	900.00		1,000.00		(100.00)		3,000.00	
Dues, Licenses, and Fees	175.00		58.33		116.67		175.00	
Maintenance Staff	-		6,666.67		(6,666.67)		20,000.00	
Lifestyle Staff	-		6,666.67		(6,666.67)		20,000.00	
Resident Services	-		3,333.33		(3,333.33)		10,000.00	
Total General & Administrative Expenses	$	38,546.29		$	62,809.99		$	(24,263.70)		$	188,430.00	

Field Operations Expenses

Electric	$	-		$	1,166.67		$	(1,166.67)		$	3,500.00	
Water Reclaimed	-		1,666.67		(1,666.67)		5,000.00	
Equipment Rental	-		2,000.00		(2,000.00)		6,000.00	
General Insurance	3,182.00		1,984.00		1,198.00		5,952.00	
Property & Casualty Insurance	-		1,700.00		(1,700.00)		5,100.00	
Irrigation	-		66.67		(66.67)		200.00	
Lake Maintenance	6,980.00		6,000.00		980.00		18,000.00	
Landscaping Maintenance & Material	-		8,333.33		(8,333.33)		25,000.00	
Landscape Improvements	-		833.33		(833.33)		2,500.00	
Contingency	-		3,333.33		(3,333.33)		10,000.00	
Gate - Repairs & Maintenance	-		333.33		(333.33)		1,000.00	
Street Sweeping	2,470.00		5,000.00		(2,530.00)		15,000.00	
Lighting	-		66.67		(66.67)		200.00	
Streetlights - Leasing	5,812.95		11,666.67		(5,853.72)		35,000.00	
Bike Share	-		833.33		(833.33)		2,500.00	
Total Field Operations Expenses	$	18,444.95		$	44,984.00		$	(26,539.05)		$	134,952.00	

Page 1 of 2

Laurel Road CDD
Budget to Actual
For the Month Ending 1/31/2024

Year To Date

	Actual		Budget		Variance		FY 2024
Adopted Budget	

Vistera - Amenity Expenses								
Clubhouse Electric	$	-		$	1,250.00		$	(1,250.00)		$	3,750.00	
Clubhouse Water	-		1,666.67		(1,666.67)		5,000.00	
Amenity - Telephone	-		20.83		(20.83)		62.50	
Amenity - Cable TV / Internet / Wi-Fi	-		1,083.33		(1,083.33)		3,250.00	
Amenity - Landscape Maintenance	-		4,166.67		(4,166.67)		12,500.00	
Amenity - Irrigation Repairs	-		1,666.67		(1,666.67)		5,000.00	
Amenity - Pool Maintenance	-		900.00		(900.00)		2,700.00	
Amenity - Exterior Cleaning	-		1,250.00		(1,250.00)		3,750.00	
Amenity - Interior Cleaning	-		1,666.67		(1,666.67)		5,000.00	
Amenity - Pest Control	-		83.33		(83.33)		250.00	
Amenity - Fitness Equipment Leasing	-		795.00		(795.00)		2,385.00	
Amenity - Security	-		867.59		(867.59)		2,602.77	
Amenity - Pool Equipment	-		125.00		(125.00)		375.00	
Total Vistera - Amenity Expenses	$	-		$	15,541.76		$	(15,541.76)		$	46,625.27	
Total Expenses	 $	56,991.24 		 $	123,335.75 		 $	(66,344.51)		 $	370,007.27 	
Other Revenues (Expenses) & Gains (Losses)								
Interest Income	$	7,420.17		$	-		$	7,420.17		$	-	
Total Other Revenues (Expenses) & Gains (Losses)	$	7,420.17		$	-		$	7,420.17		$	-	
Net Income (Loss)	$	293,544.35		$	-		$	293,544.35		$	-	

Page 2 of 2