Boggy Creek Improvement District
12051 Corporate Boulevard Orlando, FL 32817; Phone: 407-723-5900 www.boggycreekid.org

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Boggy Creek Improvement District ("District"), scheduled to be held at 3:30 p.m. on Tuesday, May 21, 2019 at 6900 Tavistock Lakes Blvd, Suite 200, Orlando, FL 32827. A quorum will be confirmed prior to the star1 of the meeting.

For those unable to attend in person, you may participate by telephone: Phone: 1-866-398-2885  .	Participant Code: 27552·
BOARD OF SUPERVISORS' MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the April 16, 2019 Board of Supervisors' Meeting (providea under separate cover)
Consideration of the Minutes of the May 6, 2019 RFP Meeting to Open Responses for Landscaping and Irrigation Maintenance Services (provided under separate cover)
Letter from Supervisor of Elections - Orange County
Consideration of Resolution 2019-05, Election of Officers

Business Matters
Consideration of Conveyance of Nemours Parkway Phase 7 (provided under separate cover)
Consideration of ADA Auditing Services
Consideration of Award of Landscape and Irrigation Maintenance Services - State Road 417 (Central Florida Greeneway) & Lake Nona Boulevard Interchange (provided under separate cover)
Construction Committee Recommendation
Consideration of Award of Landscape and Irrigation Maintenance Services - Lake Nona Boulevard South and Roadways (provided under separate cover)
Construction Committee Recommendation
Consideration of Resolution 2019-06, Approving a Preliminary Budget for Fiscal Year 2020 and Setting a Public Hearing Date [suggested date of August 20, 2019 at 3:30 p.m.] (provided under separate cover)
Review and Acceptance of Fiscal Year 2018 Audit
Ratification of Requisition Nos. 2018-78- 2018-80 Approved in April 2019 in an amount totaling $1,080,806.80
Ratification of Operation and Maintenance Expenditures Paid in April 2019 in an amount totaling $82,975.53
Recommendation of Work Authorizations/Proposed Services (if applicable)
Review of District's Financial Position and Budget to Actual YTD

Other Business
□,

Staff Reports
District Counsel
District Manager
District Engineer
Construction Supervisor
Audience Comments, Supervisor Requests

Adjournment

□,

Minutes of the April 16, 2019 Board of Supervisors' Meeting
(provided under separate cover)

Minutes of the April 16, 2019
RFP Meeting to Open Responses for Landscaping and Irrigation Maintenance Services
(provided under separate cover)

Letter from Supervisor of Elections
-Orange County

BILL COWLES
Supervisor of Elections
Orange County, Florida

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Encourage citizen participation.

April 15, 2019

Ms. Lynne Mullins, Assistant District Manager Boggy Creek Improvement District
Fishkind and Associates, Inc 12051 Corporate Blvd
Orlando FL 32817 Dear Ms. Mullins:
Per the requirements of Chapter 190.006, Florida Statutes, the Orange County Supervisor of Elections Office Mapping Department has determined the number of registered voters in the Improvement District as of April 15, 2019. Our research is based on the legal description provided to us by the District office onJune 3, 2009.

As of April 15, 2019, there is 1 registered voter in the Boggy Creek Improvement District

Attached is a map and list of streets currently in the Improvement District according to our records. If you have any questions or corrections, please contact the Mapping Department at 407-254-6584.

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119 West Kaley Street, Orlando  ■  Reply to: Post Office Box 562001 , Orlando, Florida32856
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BOGGY CREEK IMPROVEMENT	DISTRICT

Resolution 2019-05, Election of Officers

RESOLUTION 2019-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BOGGY CREEK IMPROVEMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the BOGGY CREEK IMPROVEMENT DISTRICT (hereinafter the "District") is a local unit of special-pu rpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the Dist ric t desires to elect the Officers of the District.

NOW,	THEREFORE,	BE	IT	RESOLVED	BY	THE	BOARD	OF SUPERVISORS OF THE BOGGY CREEK IMPROVEMENT DISTRICT:

Section 1.

_ _ _

_ _ _

_ _ _ _

_  _  _	is elected Chair.

Section 2.	 	iselected Vice Chair.

Section 3.

_ _ _ _ _ _

_ _ _ _

_ _ _

_ is elected Secretary.

 	iselected Assistant Secretary.

 	is elected Assistant Secretary.

 	iselected Assistant Secretary.

 	iselected Assistant Secretary.

_ _ _ _

_ _ _ _ _ _ _

_ _ _ is elected Assistant Secretary.

Section 4	 	iselected Treasurer.

Section 5

_ _ _ _ _ _ _

_ _ _ _

_  _	is elected as Assistant Treasurer

Section 6

Section 7

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

This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 2P1 DAY of MAY , 2019.

ATTEST:

BOGGY CREEK IMPROVEMENT DISTRICT

 	
Secretary/Assistant Secretary	Chair/Vice-C hair

Conveyance of Nemours Parkway Phase 7
(provided under separate cover)

ADA Auditing Services

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Technical & Human Audit Proposal for Public Facing Digital Assets (Software, Websites & Apps)
Goal: Ensure full compliancefor people with disabilities as per:

Nond is cr im inat io n requirements of Title II of
the American Disabilities Act (ADA)

WCAG(Web
Content Accessibility Guid eline s)

Sectio n 508 Stipulations

  	FIA )

Florida Insurance
Alliance / eGIS Risk Advisors Guidelines

Read more about details of the above list on VGlobalTech'swebsit e. All ADA requirements and information on these topics has been compiled in one place for our clients.
URL: https://vglobaltech.com/website-compliance/

YGlobalTech.com - Experience Innovation	Page 1 of 11

Version Log:

Date

April 11, 2019	Version#

1.0	Comments

Technical and Human Audit	Author

VB Joshi	
April 12, 2019	1.1	Added 3 Opt ions	VB Joshi	
April 12, 2019	1.2	Added compliance process flow	VB Joshi	

Your website gets 2 Compliance Seals VGlobalTech's Technical Compliance Seal & Human Audit Compliance Seal

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, CERTIFIED ACCESSIBLE
By Analysts who are Blind &Visually Impaired

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ADA coMPUANCE CoAIPL\ "'

VGlobalTech is the ADA, WCAG Compliance Expert, with over 100 ADA & WCAG compliant websites created (	and counting) to-date! We have partnered with a
non-profit agency to conduct Human Audit and Certification Seal.

Working together with your company we wish to add social value to the community we live in!

COPYRIGHT©: This proposal is solely created by VGlobalTech team for its customers and cannot be reproduced, copied, modified or distributed (including forwarding to other customers, competitors, web designers etc.) without the written consent of VGlobalTech. Any violations shallbe pro secuted.

VGlobalTec  h .c om   - Experience  Innovation	Page 2 of 11

Table of Contents
1 .0	The Law	4
2.0	ADA & WCAG Com p lia nce	4
Quarter ly Technical & Hu man Audit Tes ti ng	5
Digital Asset Tech nica l Compliance Seal	6
3.2	Hu man Audit Seal:...............................................................................................................6.........
4.0	Com plia nce Process Flow:	7
5.0	Pricing Options	8.
6.0	Pro posal Acceptance:	10
7.0	Re ferences:  ..............................................................................  .........................................................1    1

VGlobalTech .com - Expenence lnnovo t;on	Page 3 of 11

Please familiarize your team with the Florida Statute 189.069 Special districts; required reporting of information; web-based public access. Source:
http:/ / www.leg.state.fl.us/ statutes/  index.cfm?App_mode=Display_Staut te&URL=0100- 0199/0189/Sections/0189.069.html

2.0 ADA & WCAG Compliance

Every individ ual must have equal access to information whether it is in person service or online. This is a gene ral agreement and understanding of access .
The Inte rnet has dramatically changed the way state and local governments do business. Today, government agencies routinely make much more information about their programs, activities, and services available to the public by posting it on their websites. As a result, many people can easily access this information seven day a week, 24 hours a day.
Many government services and activities are also provided on websites because the  public is able to participate in them at any time of day and without the assistance of government personnel. Many government websites offer a low cost, quick, and convenient way of filing tax returns, paying bills, renewing licenses, signing up for programs, applying for permits or funding, submitting job applications, and performing a wide variety of other activities.
The Americans with Disabilities Act (ADA) and, if the government entities receive federal funding, the Rehabilitation Act of 1973 generally require that state and local govern ments provide qualified individuals with disabilities equal access to their programs, services, or activities unless doing so would fundamentally alter the nature of their programs, services, or activities or would impose an undue burden. One way to help meet these requireme nts is to ensure that government webs ites have accessible features for people with disabilities, using the simple steps described in this document. An agency with an inaccessible website may also meet its legal obligations by providing an alternative accessible way for citizens to use the programs or services, such as a staffed telephone information line. These alternatives, however, are unlikely to provide an equal degree of access in terms of hours of operation and the range of options and programs available.
The World Wide Web Consortium (W3C) sets the main international standa rds for the World Wide Web and its accessibility. W3C created the Web Content Accessibility Guidelines (WCAG 2.0 and 2.1) which are similar to Section 508, but on an international level. WCAG 2.0 and 2.1 requires specific techniques for compliance and is more current than Section 508.
Source: htt ps: // www.w3.org,/WAI/standards-guidelines/wcag/

This audit is as per the Florida Insurance Alliance, eGIS Insurance Advisors and other insurance guidelines. Please check with  your  insurance  agency  for specific requirements. Read more here: https:// vglobaltech.com/ wp­ content/uploads/2019/03 / FIA_ADA_Guide lines-2019-2020.pdf
VGlobalTech team is trained and well aware of ADA and WCAG 2.x Compliance guidelines. VGlobalTech has partnered with a local agency for the visually impaired - LightHouse Works. LightHouse has developed a unique program for digital accessibility that is run by visually impaired personnel that are highly skilled in human auditing of websites and software as per the section 508 stipulations. Read more about our partnership here: https://vglobaltech.com/website-compliance/

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LIGHTHOUSE
CENTRAL FLORIDA
Charting a course for living , learnin,g  & earning with vision loss

Together we are now able to provide not one but two compliance seals for all our customers. Details of the compliance seals are below.

Digital Asset Technical Compliance Seal:

ADA co.M..P.UANCE

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VGlobalTech in-house technical team shall remed iate / test the website / software for ADA, WCAG com pliance. VGlobalTech's tech nical design & development team is fully aware of the Americans with Disa bility Act (ADA,)Web Co ntent Accessibility Guidelines (WCAG), Section 508 of the Reha b ilitation Act of 1973 and overall the design principles of a professional, accessible, fun ctio nal and responsive web design. The entire team has taken dedicated time and efforts to learn these design principles first hand. Our purpose is clea r - Universal, Creative Web design that works for everyone, everywhere and every time!
Human Audit Seal:

, CERTIFIED ACCESSIBLE
By Analysts who are Blind &Visually Impaired

LightHouse Works' visually impaired pe rs on nel shall act ually test the website for compliance as per the section 508 and ADA req uire men ts. The VGlobalTech te chnical te am shall remediate any points discovered by LightHouse team and send the site for re-certification. Upon sa tisfactory completion  Light Ho use  shall  provide  the  Human  Audit Seal  that  will  be s pecific to the site and the VGlobalTech tea m shall put the seal on the site.This is an  added  layer  of  true  Human  Audit  testing  that  provides  full  ADA  co mplia nce.

Reporting &
Remediatio

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A Partnership with a Social Cause to Ensure:

WCAG/ ADA

Remediato

Screen Reader Testing

ADA COMPLIANCE WCAG COM PLIANCE

SECTION 508 STIPULATIONS
FIA/ eGIS / OTHER INSU RANCE & RISK ADVISER S' COMPLIANCE
TECHNICAL COMPLAINCE SEAL HUMAN AUDIT COMPLAI NCE SEAL QUARTERLY AUDITS REMEDIATION
PEACE OF MIND

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Automated
Testing

Option 1 (recommended):
Quarterly Technical & Human Audits:
$1200 / Four Audits

Covers all technical AND human audit aspects as per industry experts Discounted to cover both audits together
Compliance seals renewed after every audit
Ensure site and newcontent is in compliance with ALL standards Peace of mind

Option 2:
Quarterly Technical Audit Only*:
$900 / Four Audits
Covers only technical aspects of elements, html, css, contrast etc as per WCAG Technical Audit Compliance seal renewed after every audit
Does not cover human audit (additional considerations that are subjective to the person, assistive technology used etc

Option 3:
Quarterly Human Audit Only**:
$800 / Four Audits

Covers only human audit (considerations that are subjective to the person, assistive technology used etc conducted in a lab like environment)
Human Audit Compliance seal renewed after every audit

This proposal includes following points1     stipulations terms andcondtiions:

*(1) conference call or in person meetings per month with client to review metrics, results and monthly recaps *unless otherwise noted
email and phone communication

Anything out of the scope of work in the above proposal will be addressed and client will be immediately notified. After notification of additional work, a subsequ ent quote will be provided to cover that work.

*Client is responsible to adhering to timelines as far as info rmation required to complete the task is concerned. If timelines are not adhered to and exceed 15 business days past the current marketing months, last day, all work will end. A new month with new allocated costs will be presente d for future work to commence. No refunds and owed work will be due unless otherwise agreed upon. An Invoice will be provided once signature approval of this project proposal. Payments will be made to VGLOBALTECH
*Client is responsible for verifying quality of work, providing feedback, verifying that compliance has been met as required. VGlobalTech team shall not be responsible for any legal ramifications arising from work not done as per external agencies/ organizations/ associations needs if proper feedback is not provided by the customer. VGlobalTech's work will be in best faith but cannot guarantee all compliance/ legal needs since we are not the final authority in the ADA or WCAG compliance area. VGlobalTech shall not be liable for any legal ramifications arising from compliance issues and cannot be held responsible for any legal or other lawsuits.

Refund Policy: The client may halt work and request for a refund within seven days of the date of signing this services agreement by mailing a signed letter to the main address listed on
www.VGlobalTech.com website. If client requests a refund within seven days of the date of signingt heir agreement they shall be liable to pay for all work completed and will berefunded the remaining balance of the initial payment if billable work has not exceeded a charge that would be greater than client's initial payment. If client requests a refund after the seven days from thedate of the signing of the agreement client is liable to pay for all work completed plus an additional 25% of any remaining balance that may still be due. Once line item projects are complete no refunds will be issued . Con fidentiality: All information between client and service provider inclusive of technical and business info rmation relating to proprietary ideas, patentable ideas and/or trade secrets, existing and/or contemplated products and services, research and development, production, costs, profit and margin information, finances and financial projections, customers, clients, market ing, and current or future business plans and models, regardlessof whether such info rmat ion is designated as "Confidential Information" at the time of its disclosure and will be treated as such and with absolute confidentiality and will not be shared or used, which will be maintained at all times. The client is not allowed to disclose their price with any third parties. Doing so is in breach of this agreement. All information development will beshared and proprietary information and property between client and service providers.

To accept these project, associat ed costs and conditions as listed above please sign and date below.
The VG/oba/Tech proposed solution and terms have been accepted by the customer and the VG/oba/Tech team can proceed with the project. All payments shall be made according to this agreement.

Please Sign and Date, Return to contact@vglobaltech.com:

For Cust omer	Date

VB Joshi
For VGlobalTech	Dat e

ADA Best Practices Tool Kit for State and Local Governments: htt ps:// www.ada.gov/pcatoolkt/ichap5toolkit.htm

U.S. Department of Justice, Civil Rights Division, Disability Rights Sect ion
htt ps:/ / www.a da.gov/ we bsit es2. ht m

Web design Standards: https:/ / www.w3schools.co m/

Web Content Accessibility Guidelines (WCAG) htt ps:/ / www.w3.org/TR/ WCAG21/

VGlobalTech Web Content Accessibility Implementation and Checkpoints: http:// vglobaltec.hcom/website-compliance/

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Contact Information: Website: https://vglobaltech.com Email: contact@VGlobalTech.com
Call: 321-947-7777

Award of Landscape and Irrigation Maintenance Services -	State Road 417 {Central Florida Greeneway) & Lake Nona Boulevard Interchange
(provided under separate cover)

Construction Committee Recommendation

BOGGY CREEK IMPROVEMENT DISTRICT {SR 417 INTERCHANGE} LANDSCAPING AND IRRIGATION MAINTENANCERFP

Bid/Fee Detail
Propose r	
1st Year	
2 nd Year	
3rd Yea r	
To tal , 3 Yea rs		

 	Hours Per Week	
HHLC	$176,304.00	$176,304.00	$176,304.00	$528,912.00	Wed	8	
Carol Kin g	$209,496.00	$209,496.00	$215,784.00	$634,776.00	Mon-Wed	24	
Down 2 Earth	$242,408.00	$242,408.00	$242,408.00	$727,224.00	Mon -Thur	32	
Omega Scapes	$237,000.00	$244,342.00	$251,424.00	$732,766.00	Mon-Tues	20	
BrightView	$292,092.00	$292,092.00	$300,855.00	$885,039.00	Mon-Tues	20	

!'N!!Q_ e_r_Ranking !							
	Personnel		Understandi ng of				
	Workload	ExE2er i ence	Scope	Price	Poi nt Total	Ra nking Based	
Contracto r	Max. 30 Pts.	Max. 30 Pts.	Max. 10 Pts.	Max. 30 Pts.	Max. 100 Pts.	on Total Points	
HHLC	0	0	0	0.00	0.00	5	
Carol King	25	25	5	30.00	85.00	3	
Down 2 Ea rth	30	25	10	25.63	90.63	1	
Omega Scapes	30	25	7	25.37	87.37	2	
BrightView	30	25	10	18.17	83.17	4	

Award of Landscape and Irrigation Maintenance Services -	Lake Nona Boulevard South & Roadways
(provided under separate cover)

Construction Committee Recommendation

BOGGY CREEK IMPROVEMETNDISTRICT (LAKE NONA SOUTH! LANDSCAPING AND IRRIGATION MAINTENANCE RFP

Bid/ Fe e Detail
Proooser	1st Year	2nd Year	3rd Year	Total, 3 Years	
HHLC	$148,320.00	$148,320.00	$148,320.00	$444,960.00	
Carol King	$199,800.00	$199,800.00	$205,800.00	$605,400.00	
Down 2 Earth	$220,950.00	$220,950.00	$220,950.00	$662,850.00	
Omega Scapes	$286,716.00	$295,308.00	$304,164.00	$886,188.00	
Cepra	$171,123.00	$171,123.00	$175,848.00	$518,094.00	
BrightV iew	$278,639.00	$278,639.00	$286,999.00	$844,277.00	

Propos er Rankings

 	Hours Per Week
Mon	8
Mon-Tues	16
Mon-Thur	32
Mon-Thur	40
Mon-Tues	20
Tues-Thur	30

	Personne l
Workload		
Experience	Unde rstandi ne of
Scope		
Price	
Point Tota Max. 100 Pts.
0.00
79.94
91.62	
Ranking Based on Total Points
6
3
2	
Contractor HHLC
Caro l King
Down 2 Earth	Max. 30 Pts.
0
25
30	Max. 30 Pts.
0
25
30	Max.10 Pts.
0
5
10	Max. 30 Pts.
0.00
24.94
21.62			
Omega Scapes	30	25	7	8.69	70.69	5	
Cepra	30	30	10	30.00	100.00	1	
BrightView	30	25	10	14 .82	79.82	4	

l

 Bid/Fee Detail	

Proposer	

1st Year	

2nd Year	

3rd Year	

Tota l, 3 Years		

!:l2!.ltj Per Week	
HHLC	$65,520 .00	$65,520.00	$65,520.00	$196,560.00	Tues	8	
Carol King	$116,040.00	$116,040.00	$119,520.00	$351,600.00	Wed-Thur	16	
Down 2 Earth	$75,230.00	$75,230.00	$75,230.00	$225,690.00	Mon-Thur	32	
Omega Scapes	$113,280.00	$116,676.00	$120,180.00	$350,136.00	Mon-Thur	40	
Cepra	$57,453.00	$57,453.00	$59,571.00	$174,477.00	Wed	10	
BrightView	$93,350.00	$93,350.00	$96,150.00	$282,850.00	Thur	10	
	
Personnel		
Understandin11of				
	Workload	Experience	Sco pe	Price	Poi nt Total	Ran king Based	
Contractor	Max. 30 Pts.	Max. 30 Pts.	Max. 10 Pts.	Max. 30 Pts.	Max. 100 Pts.	on Total Points	
HHLC	0	0	0	0.00	0.00	6	
Carol King	25	25	5	0.00	55.00	5	
Down 2 Earth	30	30	10	21.19	91.19	2	
Omega Scapes	30	25	7	0.00	62.00	4	
Cepra	30	30	10	30.00	100.00	1	
BrightView	30	25	10	16.83	81.83	3	

Bid/Fee Detail

Proposer HHLC
Carol King Down 2 Earth Omega Scapes
Cepra BrightView

1st Year	2nd Year	3rd Year	Total, 3 Yea rs
$213,840.00	$213,840.00	$213,840.00	$641,520.00
$315,840.00	$315,840.00	$325,320.00	$957,000.00
$296,180.00	$296,180.00	$296,180.00	$888,540.00
$399,996.00	$411,996.00	$423,996.00	$1,235,988.00
$228,576.00	$228,576.00	$234,717.00	$691,869.00
$371,989.00	$371,989.00	$383,149.00	$1,127,127.00

 	Hours Per Week
Mon-Tues	16
Mon -Thur	32
Mon- Thur	32
Mon-Thur	40
Mon -Wed	30
Tues-Thur	30

Max. 10 Pts.
0
5
10
7
10
10

Pe rsonne l	Unde rstan dinQ of
Workload	Experience	Scope	Price	Point Total	Ranking Based

Contractor	Max. 30 Pts.	Ma x. 30 Pts. HHLC		0		0
Carol King	25	25
Down 2 Ea rt h	30	30
Omega Scapes	30	25
Cepra	30	30
BrightView	30	25

Max. 30 Pts.	Max. 100 Pts.	on  Total Points
o.oo	0.00	6
18.50	73.50	4
21.47	91.47	2
6.41	68.41	5
30.00	100.00	1
11.13	76.13	3

Resolution 2019-06,
Approving a Preliminary Budget for Fiscal Year 2020 and Setting a Public Hearing Date
[suggested date of August 20, 209 at 3:30 p.m.J
(provided under separate cover)

Fiscal Year 2018 Audit

BOGGY CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED
SEPTEMBER 30, 2018

BOGGY CREEK IMPROVEMENT DISTRICl CITY OF ORLANDO, FLORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT MANAGEMENTS DISCUSSION AND ANALYSIS
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances -
Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues. Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
Notes to Required Supplementary Information

Page 1-2
3-6

7
8

9

10

11

12
13-21

22
23

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS	24-25
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	26
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	27-28

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Grau & Associates
CERT  I FIE D   PUBLIC ACCOUNTANTS

951 Yamato Road • Suite 280 Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-472E
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT

To the Board of Supervisors Boggy Creek Improvement District City of Orlando, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities and each major fund of Boggy Creek Improvement District, City of Orlando, Florida ("District") as of and for the fiscal year ended September 30, 2018, whichcollectively comprise the District's basic financial statements as listed in the table of contents.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibilityis to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards , issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend onthe auditor's judgmen,t including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made bymanagement, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, therespective financ ial position of the governmental activities and each major fund, of the Districtas of September 30, 2018. and the respective changes in financial position thereof for the fiscal year then ended in accordance wit accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary comparison information be presented to supplement thebasic financial statements . Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards , we have also issued our report dated May 6, 2019, on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.

Report on Other Legal and Regulatory Requirements

We have also issued our report dated May 6, 2019, on our consideration of the District's compliance with the requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General o1 the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.
.1?
May 6, 2019

MANAGEMENT'S DISCUSSION AND ANALYSIS

The management of the Boggy Creek Improvement District, City of Orlando, Florida ("District") would like tc offer the readers of the District's financial statements this discussion and analysis of the District's financial activities for the fiscal year ended September 30, 2018. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes a17d supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets plus deferred outflows of resources at the close of the most recent fiscal year resulting in a net position deficit balance of ($39,792,812).

The change in the District's total net position in comparisonwiththe prior fiscal year was $731,431, an increase. The keycomponents of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2018, the District's governmental funds reported combined ending fund balances of
$2,989,063, a decrease of ($2,877,705) in comparison with the prior fiscal year. A portion of fund balance is restricted for debt service, non-spendable for prepaid items and deposits, and the remainder is unassigned, deficit fund balance in the general and capital projects fund.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District's basic financial statements. The District's basic financial statements are comprised of three components: 1) government­ wide financial statements, 2) fund financial statements. and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District's assets and liabilities, with thedifference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs. regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statementfor some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by assessments . The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-relatedlegal requirements. The Districthas one fund category, the governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued}

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources , as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similarinformation presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand thelong-term impact of the District's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliationto facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparisonschedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, liabilities exceeded assets plus deferred outflows of resources at the close of the most recent fiscal year.

Key components of the District's net position are reflected in the following table:

NETPOSmON SEPTEMBER 30,
 	2018	2017	
Assets , excluding capital assets	$	4,572,443   $	6,247,546	
Capital assets, not being depreciated	8,404,971	726,590	
Total assets	 	12,977,414	6,974,136	
Deferred outflows of resources	 	5,030,783	5, 310 271 	
Liabilities, excludinglong-termliabilities	2,705,980	1,496,000	
Long-term liabilities	 	55,095,029	51,312,650	
Total liabilities	---2Z,801,009	52,808,650	
Net Position		
Net imestment in capital assets	(42,982,607)	(43,307,671)	
Restricted for debt seNce	3,237.466	2,839,516	
Unrestricted	(47,671)	!56,088)	
Total net position	$ (39,792,812)	$ (40,524,243)	

GOVERNMENT -WIDE FINANCIAL ANALYSIS (Continued)

The District's net position reflects its investment in capital assets (e.g. land, land improvements, anc infrastructure); less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending Although the District's investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capitalassets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District's net positionrepresents resources that are subject to external restrictions on how they may be used.

The District's net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
 	2018	2017	
Re'.Enues:
Program rew nues
Charges for sel'.ices	$	4,682.474	$	4,435,273	
Operating grants and contributions	9,590	6,472	
Capital grants and contributions
General revenues	101,995	1,743,392	
Miscellaneous	9	19,404	
Interest income	 	81	157
Total re'.Enues	 	4,794.149	6,204,698 Expenses:
General government	112,603	97,669	
Physical emironment	575,878	20,510,572	
Bond issue costs	375,750	
Interest	 	2,998,487	3,028,330	
Total expenses	 	4,062,718	23,636,571	
Change in net position	731,431	(17,431,873)	
Net position - beginning	(40,524,243)	(23,092,370)	
Net position - ending	$ !39,792,812j $ !40,524,243!	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2018 was $4,062,718. The costs of the District's activities were funded by program revenues. Program revenues are comprised primarily of special assessments. The decrease in program revenues from the prior year is the result certain capital assets conveyed to the District in the prior year which did not occur in the current year. The decrease in expenses is the result of certain capital assets that were conveyed from the District to other entities in the prior year which did not occur in the current year.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budge1 for the fiscal year ended September 30, 2018 was amended to increase revenues by $9 and increase appropriations by $6,700.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

Al September 30, 2018, the District had $8,404,971 invested in capital assets for its governmental activities. More detailed information about the District's capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2018, the District had $55,972,289 in Bonds outstanding for its governmental activities. In addition, the District owes the Developer $99,920. More detailed information about the District's capital debt is presented in the notes of the financial stateme nts.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGET

The District's construction of the infrastructure is ongoing. It is anticipated that the general operations of the District will increasein the subsequent fiscal year.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide property owners, customers, investors and creditors witha general overview of the District's finances and to demonstrate the District's accountabiltiy for the financialresources it manages and the stewardship of the facilities ii maintains. If you have questions about this report or need additional financial information, contact the Boggy Creek Improvement District's Finance Department at 12051 Corporate Boulevard, Orlando, Florida 32817.

BOGGY CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA STATEMENT OF NET POSITION SEPTEMBER 30, 2018

	Governmental	
	     Acti1,1ties		
ASSETS		
Cash	$	78,083	
Investments	1,251	
Interest receivable	99€	
Accounts rece ivable	14E	
Due from other governments	27,71€	
Prepaids and deposits	5,871	
Restricted assets:		
Cash	12,875	
Investrnents	4,445,503	
Capital assets:		
Nondepreciable	 	8,404,971	
Total assets	 	12,977,414	

DEFERREDOUTFLOWS OF RESOURCES
Deferred charge on refunding (debit)	 	5,030,783
Total deferred outflows of resources	 	5,030,783

LIABILITIES
Accounts payable	48,79€
Contracts and retainage payable	1,380,321
Unearned revenue	154,263
Acc rued interest payable	1,122,60C
N on - c u rrent li abilities:
Due within one year	1,380,00C
Due in more than one year	 	53,715,02£
Total liabilities	 	57,801,00S

NET POSITION
Net investment in capital assets	(42,982,607;
Restricted for debt service	3,237,466
Unrestricted	{47,671;

Total net position	$ 	(39,792,812:

See notes to the financial statements

BOGGY CREEK IMPROVEMENT DISTRICT CITY OF ORLANDO, FLORIDA STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Charges for

Program Revenues Operating Grants and

Capital Grants and

Net (Expense) Revenue and Changes in Net Position

Governmental

Functions/Programs Primary government:
Governmental activities:	Expenses	Services	Contributions	Contributions	Activities		
General government	$	112,603	$	$	$	$	(112,603)	
Physical environment	575,878	696,000	101,995	222,117	
Bond issue costs	375,750	(375,750)	

Interest on long-term debt Total governmental activities

 	2,998,487	3,986,474	9,590	997,577
 	4,062,718	4,682,474	9,590	101,995	731,341

General revenues:
Miscellaneous	9
Interest income	 	81
Total general revenues	 		90 Change in net position		731,431
Net  position - beginning		{40,524,243} Net position - ending	 $	i39,792,a12l

Seenotes to the financial statements

8

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2018

 Major Funds				Total Debt	Capital	Governmental

ASSETS		
Cash	$	78,083	$	$	12,875	$	90,958	
Investments	1,251	4,411,591	33,912	4,446,754	
Accounts receivable	148			148	
Due fromother governments	17,522		10,194	27,716	
Interest receivable		988	8	996	
Prepaids and deposits	5,871			5,871	

 General	Service	Projects	Funds

Total assets	$ 	102,875	$  4,412 ,579	$	56,989	$	4,572,443 LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	48,796	$	$	$	48,796	
Contracts and retainage payable			1,380,321	1,380,321	
Unearned revenue	101,750	52,513		154,263	
Total liabilities	 	150,546		52,513	1,380_.3_21    	1_,583 _._38 Q	

Fund balances:
Nonspendable:
Prepaid items
Restricted for:	5,871			5,871	
Debt service		4,360,066		4,360,066	
Unassigned	(53,542)		(1,323,332)	(1,376,874)	
Total fund balances			(47,671) 		4,360,066 		(1,3 23,332) 		2,989,063 Total liabilities and fund balances	 $	102,875	$  4,412,579	$		56,989	$		4,572,443 

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET -
GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2018

Total fund balances - governmental funds
Amounts reported for governmental acti\nties in the statement of net position are different because:
Capital assets used in governmental acti\nties are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets in the net position of the government as a whole.
Cost of capital assets
Deferred charges on refunding of long-term debt are sho"vVll as deferred outflows/inflows of resources in the government-wide financial statements; however, this amount is expensed in the governmental fund financial statements.
Liabiliti es not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable Bonds payable
Unamortized bond issuance discount
Net position of governmental activities

$	2,989,063

8,404 ,97'

5,030,783

(1,122 ,600)
(55,972,289)
 	877,260 
$	(39,792,812;

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

	Major Funds		Total	
	Debt	Capital	Governmental	
	General	Service	Projects	Funds	
REVENUES					
Assessments	$ 696,000	$ 3,986,474	$	$	4,682,474	
Developer contributions			99,920	99,92C	
Intergovernmental
Miscellaneous	
9		148	148
s	
Interest income	81	9,590	1,927	11,598	
Total revenues	 	696,090	3,996,064	101,995	4,794,149

EXPENDITURES
Cu rrent:
General government	112,603			112,602	
Physical environment	575,878			575,87E	
De b t service:
Principal		
1,310,000	
2,560,146	
3,870,14E	
In terest		2,676 ,531		2,676 ,531	
Bond issue costs			375,750	375,75(	
Capital outlay			7,678,381	7,678,381	
Total expenditures	688,481	3,986,531	10,614,277	15,289,28S	
Excess (deficiency) of revenues					
over (under) expenditures	7,609	9,533	(10 ,512,282)	(10 ,495 ,140;	

OTHER FINANCING SOURCES (USES)					
lnterfund transfers	808	(9,062)	8,254		
Bonds issued		404,857	4,652,432	5,057,28S	
Developer advance			2,560,146	2,560,14E	
Total other financing sources (uses)	 	808	395,795	7,220,832		7,617,43:	
Net change in fund balances	8,417	405,328	(3,291,450)	(2,877,705;	
Fund balances - beginning	(56,088)	3,954,738	1,968,118	5,866,768	

Fund balances - ending	
$	47,671	
$ 4,360,066	
$ (1,323,332	
$	2,989,062	

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of activities

$ (2 ,877,705)

are different because:		
Governmental funds report capital outlays as expenditures ; ho wever, in		
the statement of activities, the cost of those assets is eliminated and is capitalized in the statement of net position as capital assets.	
7,678 ,381	
Repayment of long-term liabilities are reported as expenditures in the		
governmental fund statement but such repayments reduce liabilities in		
the statement of net position and are eliminated  in  the  statement  of  acti vities.	
3,870,146	
Governmental funds report Developer advances as financial resources		
when cash is received, whereas these amounts are eliminated in the		
statement of activities and recognized as long-term liabilities in the		
statement of net position .	(2 ,560,146)	
Governmental funds report the face amount of Bonds issued as		
financial resources when debt is first issued, whereas these amounts		
are eliminated in the statement of acti vities and recognized as long­		
term liabilities in the statement of net posi tion.	(5,057 ,289)	
Amortization of the deferred charge on refunding is not recognized in		
the governmental fund financial statements, but is reported as an		
expense in the statement of actil,ities.	(279,488)	
Amortization of Bond discounts is not recognized in the governmental		
fund financial statements, but is reported as an expense in the		
statement of activities.	(35,090)	
The change in accrued interest on long-term liabilities between the		
current and prior fiscal year is recorded in the statement of activities		
but not in the fund financial statements.	 	(7,378)	
Change in net position of governmental activities	$	731,431	

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Boggy Creek Improvement District ("District") was established in 2001 by the City of Orlando City Commissioners pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, under City of Orlando Ordinance 011126701. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members . The Supervisors are elected by the owners of the property within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2018 four of the Board members are affiliated with Lake Nona Land Company, L.L.C. ("Developer'').

The Board has the final responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statements.  Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of thenon-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of relatedcash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using thecurrent financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are bothmeasurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting; however, debt service expenditures are recorded only when payment is due.

Assessments
Assessment are non-ad valorem assessments on all assessable property within the District. Assessments are levied to pay for the operations and maintenance and debt service of the District. Operations and maintenance assessments are levied on an annual basis and debt service assessments are levied at the issuance of bonds and certified for collection on an annual basis. The fiscal year for which annual assessments are levied begins on October 1 and, if collected using the Uniform Method of Collection, with discounts available for payments through February 28 and become delinquent on April 1. Alternatively,the District adopts a resolution providing for the collection dates and directly collects the assessments.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The Distric t reports the following major governmental funds:

General Fune
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is usedto account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fune
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, ii is the District's policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Eguit'J

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions .

Deposits and Investments
The District's cash on hand and demand deposits are considered to be cash and cash equivalents.

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida lnterlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit qualit rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as the come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and an unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles .

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructureassets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years.  Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed .

No depreciation has been taken in the current fiscal year as all the District's capital assets are non­ depreciable.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but no1 yet earned.

1E

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position willsometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Positior
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for usefor a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance -Amounts thatcan be usedonly for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance - Includes spendable fund balance amounts that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and thenunassignedfund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District's Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3- BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 - DEPOSITS AND INVESTMENTS

Deposits
The District's cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, stale or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District's investments were held as follows at September 30, 2018:

   Amortized Cost	Credit Risk	Maturities	
US Bank Money Market
Business Money Market Account at Florida	$	4,040,530	NI A	NI A	
Community Bank	404,973	NI A	NI A	
Investment in Local Government Surplus				
Funds Trust Fund (Florida PRIME)	 	1,251 	S&P AAAm	portfolio: 33 days	
Total lmestments	   $	4,446,754 			
Credit risk - For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk - The District places no limii on the amount the District may invest in any one issuer.

NOTE 4 - DEPOSITS AND INVESTMENT S (Continued)

Investments (Continued)
Interest rate risk - The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement - When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASS Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other thanquoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on thelowest levelof any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool's participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District's investments have been reported at amortized cost above.

NOTE 5- CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2018 was as follows:

 	Balance	Additions	Reductions	Balance	
    i;i cn!IJ!i!Oi!!I i!!.lil-ities	                                  Capital assets, not being depreciated
Land	$	726,590 $	s	$	726,590	
Construction in progress		7,678,381	7,678,381	
Total capital assets, not being depreciated	726,590	7,678,381	8,404,971	

Go-.emmental act il-ities cap ital assets	 	s	726,590	$     7,678,381     $	$ 8,404,971
The total projected cost of all infrastructure improvements for the District has been estimated at approximately
$86,800,000. Prior to the issuance of the Series 2013 bonds approximately $39,500,000 of improvements were constructed. All of these improvements with the exception of landscape, hardscape and irrigation improvements have been dedicated to the applicable governmental or jurisdictional agency for operation and maintenance. The Series 2013 bonds were issued to fund approximately $16,500,000 of the infrastructure improvements. In the current fiscal year the District obtained a BAN line of credit in order to continue to fund the project. See Note 6 for details.

Series 2013
On April 19, 2013, the District issued $56,815,000 of Special Assessment Revenue and Revenue Refunding Bonds, Series 2013 due on May 1, 2043 with a fixed interest rate of 5.125%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District and to refund the Series 2010 Bonds outstanding in the aggregate principal amount of $35,820,000 at the time of issuance of the Series 2013 Bonds. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2014 through May 1, 2043.

The Series 2013 Bonds are subject to redemption at the option of the District prior to their maturity. TheBonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2018.

Series 2018 Bond Anticipation Note - Line of Credit
On July 25, 2018, the District obtained a line of credit not to exceed $25,000,000, of which the total amount drawn as of September 30, 2018 is $5,057,289. The Note will mature on July 24, 2023. The 2018 note was issued to finance the acquisition and construction of certain improvements for the benefit of the District. The 2018 note shall bear interest at a rate of 4.5% per annum, and interest shall be computed on the basis of a 360-day year of twelve 30-day months. The 2018 Note is subject to redemption prior to maturity at the option of the District at a redemption price equal to 100% of the principal amount of the 2018 Note.

The Note established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. Each draw request shall provide that 8% of each amount then subject to such Draw Request shallbe deposited to the 2018 Note Reserve Account. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service. The District was in compliance with the requirements at September 30, 2018.

Developer Advance
The Developer has agreed to fund a portion of the construction costs of the District's infrastructure. In connection with that agreement, Developer advances to the capital projects fund during fiscal year 2018 were
$2,660,066. The District issued Series 2018 Bond Anticipation Note in the current fiscalyear and reimburseda total of $2,560,146 to the Developer related to advances made in the current fiscal year. The balance owed to the developer is not included in the maturity schedule below.

Long-term debt activity
Changes in long-term liability activity for the fiscal year ended September 30, 2018 were as follows:

Beginning	Ending	Due Wilhir

g Q1.er□!IJ!:nlal acti1.1ties		
Series 2013 Bonds	$ 52,225,000	$	$	1,310,000	$ 50,915,000	$ 1,380,000	
Less: issuance discount	912,350	35,090	877,260		
Series 2018 BAN		5,057,289	5,057,289		
De1.eloper Advance		2,560,146	2 560,14€			

 	Balance	Additions	Reductions		Balance	One Year

Total	 $     51,312 , 650	$	7,617 ,435	$	3,835 , 056	$ 55,095 ,029 $ 1,380 ,000

Long-term debt activity (Continued)
At September 30, 2018, the scheduled debt service requirements on the Series 2013 Bonds were as follows:

Year ending		Gow mmental Acti" ties		
Seetember 30:	Princieal	Interest	Total	
2019	$	1,380,000	$	2,609,394	$	3,989,394	
2020	1,450,000	2,538,669	3,988,669	
2021	1,525,000	2,464,356	3,989,356	
2022	1,600,000	2,386,200	3,986,200	
2023	1,685,000	2,304,200	3,989,200	
2024-2028	9,800,000	10,134,688	19,934,688	
2029-2033	12,580,000	7,352,581	19,932,581	
2034-2038	16,155,000	3,781,738	19,936,738	
2039-2043	 	4,740,000	753, 119	5,493,119
   $	50,915,000	$	34,324,945    $	85,239,945 

NOTE 7 - DEVELOPER TRANSACTIONS AND CONCENTRATION

A significant portion of the District's activity is dependent upon continued involvement of the Developer, the loss of which could have a material adverse effect on the District's operations. At September 30, 2018, the Developer owned a significant amount of the assessable property located within the District's boundaries.

The Developer has also agreed to fund the construction of the District's infrastructure. In connection with that agreement , the Developer advances to the capital projects fund were $2,660,066, of which $2,560,146 was paid to the developer in the current fiscal year.

NOTE 8 - INTERLOCAL AGREEM ENTS

The District previously entered into an interlocal agreement related to cost sharing for certain infrastructure projects with Greeneway Improvement District ("Greeneway") and Myrtle Creek Improvement District ("Myrtle Creek"). These districts are related through a common Developer. The agreement provides for the improvements to be constructed, acquired or otherwise provided by the District and that the District will be reimbursed for these costs from Greeneway and Myrtle Creek. The projected costs related to the agreement were projected at approximately $33,800,000 with the costs to be split 32.5% for the District, 36% for Greeneway , and 31.5% for Myrtle Creek. The District, Greeneway and Myrtle Creek also previously entered into an agreement regarding interchange maintenance costs based on the samecost allocation. BoggyCreek Improvement Districts costs associated with this agreement in the current fiscal year were $91,043.

The District also previouslyentered into a cost sharing agreement with Myrtle Creek regarding maintenance costs associated with Lake Nona Gateway Road. The District agreed to share themaintenance cost based on allocation of 50.1% for Myrtle Creek and 49.9% for the District. Boggy Creek Improvement Districts costs associated with this agreement in the current fiscal year were $461.

In August 2016, the District entered into an interlocal agreement with Greeneway regarding the shared construction costs of Nemours Parkway (phase 7). Upon Greeneway's receipt of an invoice from the contractor, the Engineer will review it and make a determination as to the portion that will be due by the District. In the current fiscal year Boggy Creek Improvement District did not incur any costs associated with this agreement. It is anticipated that Boggy Creek Improvement District will incur costs related to this agreement beginning in the subsequent fiscal year.

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the Districl compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 10 - COMMITMENTS AND CONTINGENCIES

As of September 30, 2018, the District had an open contract for a construction project. The contract totaled approximately $8.5 million, of which approximately $4.0 million was uncompleted al September 30, 2018.

NOTE 11 - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage maynot extend to all situations. There were no settled claims during the past three years.

NOTE12-SUBSEQUENTEVENTS

From October 1, 2018 through January 31, 2019 the District has drawn an additional $2,156,428on the Series 2018 line of credit, bringing the total outstanding principal balance on the Series 2018 Note to $7,213,717 as of January 31, 2019.

On October 18, 2018 the Developer has remitted assessment payments in the amount of $1,252,021in order to fund the November 2018 debt service payment

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Budgeted Amounts

Budgeted Amounts

Actual

Variance with Final Budget ­ Positive

 	Ori.9.inal	Final	Amounts	(Negative)
REVENUES

Assessments Miscellaneous

$	696,000	$

696,000	$
9

696,000	$
9

Interest income Total revenues

 	150	150	81	
696,150	696,159	696,09C

EXPENDITURES
Current:
General government

114,390

105,552

112,603

(7,051)

Physical environment Total expenditures

Excess (deficiency) of revenues over (under) expenditures

OTHER FINANCING SOURCES
lnterfund transfers

 	581,760	597,298	575,878	21,420 
 	696,150	702,850	688,48'	14,369 

(6,691)	7,609	14,300

 	808	808 

Net change in fund balances	$	( 6,691)	8,417	$	15,108	

Fund balance - beginning		
(56,088)		
Fund balance - ending		$	(47,671)		

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEM ENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for theGeneral Fund. The District's budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles general! accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2018 was amended to increase revenues by $9 and increase appropriations by $6,700.

rrJ Grau & Associates

951 Yamato Road • Suite 280 Boca Raton , Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARD S

To the Board of Supervisors Boggy Creek Improvement District City of Orlando, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Boggy Creek Improvement District, City of Orlando, Florida ("District") as of and for the fiscal year ended September 30, 2018, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our opinion thereon dated May 6, 2019.

Internal Control Over Financial Reporting
In planning and performi ng our audit of the financial statements, we considered the District's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for thepurpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency , or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our considerationof internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify anydeficienciesin internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amoun ts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. Thisreport is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
p",,Av ,r
May 6, 2019

Grau& Associates
C ERT if l ED PUBLIC ACCOUNTANTS

Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors Boggy Creek Improvement District City of Orlando, Florida

We have examined Boggy Creek Improvement District, City of Orlando, Florida's ("District") compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2018. Management is responsible for District's compliance with those requirements. Our responsibility is to express an opinion on District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we planand perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks o1 material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements.

In our opinion, the District complied, in all material respects. with the aforementioned requirements for the fiscal year ended September 30, 2018.

This report is intended solely for the information and use of the Legislative Auditing Committee, members o1 the Florida Senate and the Florida House of Representatives, the Florida Auditor General , management, and the Board of Supervisors of Boggy Creek Improvement District , Cityof Orlando, Florida and is not intended to be and should not be used by anyone other than these specified parties.
%;l4- ,}-
May 6, 2019

Grau & Associates
C ERTI FIED  PUBLIC ACCO U NTANTS

Boca Raton, Florida  33431 (561) 994-9299 • (800) 299-472E
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors Boggy Creek Improvement District City of Orlando, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Boggy Creek Improvement District, City of Orlando, Florida ("District") as of and for the fiscal year ended September 30, 2018, and have issued our report thereon dated May 6, 2019.

Auditor's Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issuedby the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other MattersBased on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor's Report on an examination conducted in accordance with A/CPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 6, 2019, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly , in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year finding s and recommendations.
Status of prior year finding s and recommendations.
Ill. Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Boggy Creek Improvement District, City of Orlando, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Boggy Creek Improvement District, City of Orlando, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.
%?,4,,c,- J- .
May 6, 2019

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

111. C OMPLI	ANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor's report on compliance and internal controls, the managemen t letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2017.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2018.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred , that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2018.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were no ted as of September 30 , 2018. It is management's responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

BOGGY CREEK IMPROVEMENT DISTRICT

Requisition Nos. 2018-78 -	2018-80 Approved in April 2019 in an amount totaling $68,691.20

BOGGY CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE• 12051 CORP O RATE BLVD • ORLANDO, FL 32817 PHONE: (407) 382-3256 • FAX: (407) 382-3254

Requisition Recap For Board Approval

Attached please find the listingof requisitions approved to be paid from bond funds from April 1, 2019 through April 30, 2019. This does not include requisitions previously approved by the Board.

REQUISITION NO.	PAYEE	AMOUNT	
2018-078	AECOM	$1,600.00	
2018-079	Jon M Hall Company	$66,715.20	
2018-080	Hopping Green & Sams	$376.00	
		$68,691.20	

REQUISITION FOR PAThfENT AND
2018 NOTE REQU!Sll ION AND CONSTRUCTION ACCOUNT

Invoice 2000183933 for Project 60565501 (Lake Nona Blvd. Left-turn Lane at Veterans Way;
Tbrouvi 03/01/2019

ITEM:

REQUISITION NO:	2018-078
A.\iOUNT DUE	$ 1.600.00
FUND.	Acquisition/Construc11011

Marcb 29, 2019
AECOM Technical Services I178 Paysphere Circle Chicago, IL 60674

DATE: PAYEE: ADDRESS.

The undersigned hereby certifies that obl!gations Ill the stated amouot set forth above have been incuITed b'y the District, that each disbursement set forth above rs a proper charge against the 2018 Acquisition and Construct.ioa Account, refereoced above. that each disbursement set fonh above was mcurred in connection with the acqu1si1ioo and the construction of the 2018 P1ojcct (herein nfter the "Project") and each rcprcseoLs a Cost oftbc Project, and has aot previously been paid

The unde1 igned hereby further cect1fit:s that then: ha nut bt::en 11led withor ser e<l upon the D1stnct notice of any hen, nght to ht"ll, or attachment upon, or ..:!aim affecting the right to receive payment of. any of the mouic p!iyable tu the Payee set forth abov t:, which has not be(:U rel<::ased or will no1 be 1dea e<l simultaucously wilb the paymeot hereof

The uodemgned hereby further certifies that su,;h requisition contains no item representing paymen t on ace-0unt of any retained perce ntage, wbicb the Dismct is at the dale of such certificate entitled 10 re1ai11

It 1s hereby represented by the undersigned that foe Goveming Body of the District has approved this requ1sitioo or ha, approvec the sp    ific contrnct with respect  to which disbursemeot.s pursuant to this requ1sa1on are due and payable

Attucbed hereto are photocop1cs of :he mvo1ce(s) from the vendor of the property acquired or services rendered with respect to which d1sbursetm:nl 1; hereby requcstt.-tl.

........

,

BOGDY CR.EEK rMPROVEMENT DISTRICT
..	.IJ,,_,.,.,--
-------1rr:	t      )	•
CHAIRMAN or VICE CHAIRMAN

DISTRICT ENGINEER'S APPROVAL FOR PROJECT EX'PENDITURES

The undersigned l.hstnct Enguieer hereby certifies that this disbursement 1s for a cost of the 20t3 Pro3ect and
1s con..1sten; with.  (i)  the applicable or conslruc:t100 con trac;t,  (u) the  plans	Ji cification s for we portion of lhe 2018 ProJect with respect to which such disbursement 1s be i ng made· aody-ru) the r port of th Dmrict EogmeeJ.
,,	/l	 	I

/

I/     ·'.	/	II	;_,.    .    _:;.. '	I 	IIi

BY	l

-fII=tf '.

',   4-,,I    I  J<

I

I	.	'	'

(? f

I

-	i::y ; rp,r'J	 v	. rie'-.-0-\::0
- I	I

REQUISITTON  FOR PAYM:ENT AND
2018 NOTE REQUISITION AND CONSTRUCTION ACCOUNT

Pay Application III4 Rev ! for Project I8007 (Lake Nona NeruollI'S Pkwy West & Lift Station)
Throu 03/25/2019

ITEM

REQUlSITION NO :	2018-079
AJvtOUNT DlJE:	$66,7I5.20
FUND	Acqu1s1tion/Constructwn

Mari::h29, 2019
Jon M HaU Compa11y
1920 Boothe Circle, Suite 23
Longwood, FL 32750

DATE: PAYEE: ADDRESS

The undersigned hereby certifies that obligations in the stated amount set forth above have been 10.:urred b, the Distnct, th.a! each disbursement set forth abov e is a proper charg<' against the 2018 Acquisition and Constructio11 Account, referenced above, that each disbursement set forth above was incurred in connect10n with tbe acqu1si110 aud the oonstrnction of 1he 2018 Project (herein after the ''Project") and each represeuss a Cost of the Project, and has
no< pre viously been paid

[ he understgned hereby  further  certifies  that  there has  notbeen  filed  with or  served  upon  the  Distnct  nouce of ;my heo, rig.bl to hen , 01 a ttac hmen t upon, or cldini af1ectiog lhe right lo receive payment of, any of the monie5 payable to the Payee set forth above, which has not been relea,ed or will not be released s1mult.aoe ous l y wi!h the
payment hereof.

The undersigned hereby further celiifies that such requ1s1t1on contains no item representing p,iymeui oo account ofaoy retained perce ntage , which the D11s1ic t is at  the  date of such certtficate entitled to retain .

It is hereby represented by  the understgnecl  that  the  Governing Body of  the  District  has approved rim req uis ition or hi!S approved the spc,.;ilic contract wnh n:spcct to wlucb cli,burscmenL pursuant to this requisiuon are due !IIld pByable

Artached hereto are photocopies of the 1n-,01ce(s) from the vendor o f the propen 7 acquired or r.ices rendered with respect to which disbursement 1s hereby requested.

B00vY CREEKlM!-'ROy'l-·Ml.:-N l  .l.)j.l,·,t  RIC-
. .-- -J  <,,,_  l C -·
-	BY  -·-	l  , /-	y .
CHAIRMA.i"i or VICE CHATR.lvfAN

D1STR1CT ENGINEER'S APPRO\AL FOR PROJECT EXPENDITURES

!'he undersigned District Engineer hereby certifies that tbis disburseme r acost of the 2018 Project and
is  consistent  w-itb.  (i) the  ap pli ca ble  o r coostructioo contract; (i1) the plans Jil1d speclficatious  or the portion of thti

/	J	•	'II

20  I8  ProJect w1th respect to which such d1 bursemeot 1  being made, and,j{li) the re  .lf1r,yf_·l	J?1stnct Eugrneer

--	_·	'	'

BY	,	7	/	•I.·

,	--	l 4 /1- /7
)J	- 0 · -€

EXHIBITD
BOGGY CREEK IMPROVEMENT DISTRICT
REQUISmON FOR PAYMEJ\o'T AND
2018 NOTE REQUISITION AND CONSTRUCTION ACCOUNT

Invoice 106327 for Project Construction ThrouAA 02/28/2019

ITEM:

REQUISITTON NO	2018--080
AMOUNr DUE:	$376.00
FUND:	Acqllisition/Constructioo

April 5, 2019
Hopping Green & Sams
119S. Monroe Street,Ste. 300
PO Box 6.526
Tallahassee, FL 32314

DATE:
PA YEE:
ADDRESS:

Th.e undersigned hereby certifies that obligations in the stated amount set forth above bnve been incurred by the District, that eoch disbursement set forth above is a proper charge against the 2018 Acquisition and Construction Account, referencedabove, that each disbursement set forth above was incwred in connection with the acquisition and the coll!ltruction of the 2018 Project (herein ofter the "Project") and ch represents a Cost of !he Project, and bas nor previouslybeen paid.

The undersigned hereby furth r certifies that tbm: bas not been filed with or served upon !he District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the monies payable to the Payee set forth above, wb.ich has not been released or will 1101 be released simultaneously with !he payment hereof.

The undersigned hereby further certifies that sucb requisition conLains no item reJ)Tesenting payment on account of any retained percentage. which the District is at !hedate of such certificate entitled to retain.

It is hereby rc:presentcd by the undersigned tluit the Governing Body of the District has approved this requisition or has approved the specific contract with resped to which disbursements pursUJIDt to this requisition are dueond payable.

Attached bereto are photocopies of the iovoice(s) from the vendor of the property acquired or services rendered wilh respect to which disbursement is hereby requested.
 	- ::	; REE	 Ro1,	s  11cUr
BY:	I

+(;( ,,.

Cl-	VICE <;l-!,A.IRMAN
.,,JJa ,n  o rt	Vt. n	ex  

DISTRICT ENGINEER'S APPROVAL FOR PROJECT EXPENDITURES

;

The undersigned District Eugioeer hereby certifies that this disburseinl isfor a cost of the 2018.Project and is consistent with: (i) the applicable or construction contract;  (ii) the plans  spe ifiyations for the portion of the 2018 Project witb respectlo which such disbursement is being made; and, f ii) be rtjtojt of the District Eagineer.

ItJlj;;J11rf,,

BY:

DISTRICT    	   u_,e,_...  0  K -e .''t':.\'

f:.

BCIDSerio, 2018 Rcq. 080 - Hc,ppi.ug Gf"<11&.Sam,

April 5, 2019

Page l of l

RECEIVED APR 1 6 2019

BOGGY CREEK IMPROVEMENT	DISTRICT

Operation and Maintenance Expenditures Paid in April 2019 in an amount totaling $82,975.53

BOGGY CREEK IMPROVEMENT DISTRICT

DISTRICT OFFICE• 12051 CORPORATE  BLVD• ORLANDO, FL 32817
PHONE: (407) 382-3256 • FAX: (407) 382-3254

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from April 1, 2019 through April 30, 2019. This does not include expenditures previously approved by the Board.

The  total items being presented	$82,975.53

Approval of Expenditures:

Chairman  Vice Chairman
 		Assistant Secretary

5/6/19	Boggy Creek Improvement District
5:12:22 PM	AP Check Register (Current by Bank;
Check Dates: 4/1/2019 to 4/30/2019

3361	04/02/19	p	ORLSEN	Orlando Sentinel		$196.25	
3362	04/24/19	p	AWC	Aquatic Weed Contro,l Inc.		$835.00	
3363	04/24/19	p	VALLEY	BrightV iew Landscape Se,vices		$68,528.80	
3364	04/24/19	p	DONMC	Donald W. McIntosh Associates		$801.00	
3365	04/24/19	p	FISH	Fishkind & Associates , Inc .		$34.76	
3366	04/24/19	p	HGS	Hopping Green & Sams		$1,545.48	
3367	04/24/19	p	MLM	Michael's Lighting & Electric		$81.25	
3368	04/24/19	p	ORLSEN	Orlando Sentinel		$2,447.54	
3369	04/24/19	p	ouc	Orlando Utilities Commission		$250.00	
3370	04/24/19	p	RLEVEY	Richard Levey		$200.00	
3371	04/24/19	p	TCZAPK	Thaddeus Czapka		$200.00	
3372	04/24/19	p	VENTUR	Venturesln.com		$105.00	
					BANK SUN REGISTER TOTAL:	$75,225.08	
					GRAND TOTAL :	$75,225.08	

Check No.	Date	Status*	Vendor ID Payee Name BANK ID: SUN· CITY NATIONAL BANK

Page: 1

Amount
001-101-0000-00-01

ouc..	[

* Check Status Types: "P" · Printed ; "M" • Manual ; "V" - Void ( Void Date); "A"- Application; "E" - EFT
•• Denotes broken check sequence.

Paymen t Authorization #393
3/29/2019

lterr No.

Payee	Invoice
Number

General Fund

1	Orland o Sentinel
Legal Advertising  (Ad 6164404; referenceOSC5021996)	005021996000	$	196.25
TOTAL	$	196.25

I.•	.f

('j

s eJ  tary/Ass istant Secretary	Chairperson

.AfAA(vt,,,l '\t

,.o--.d· ","E_,V1

(1J  'M..AK-

.·i) "I)

;'!I;

Paym ent Authorization #3 94
4/5/2019

Item	Payee	Invoice	Genera
No.	Number	Fund

Aquatic Weed Control
April Waterway SeNice	35098	$	835.00

BrightVi ew Lands cape Services
April Landscape Services	6253193	$   17,958.00
Controller #14 Re pairs (Zone 1)	6257908	$	50.00
Controller #13 Repairs (Zone 9)	6257914	s	784.00
Backflow Assembly Repairs	6258165	$	2,024.20
Plant Replacements	6260944	$    40,478.00
Plant Replacements	6260991	$	1,328.00

Hopping Green & Sams
General Counse l Through 02/28/2019	106326	$	1,545.48

Michael's Lighting & Electric
Nigh t Lighting Chec k on 03/30/2019	8770	$	81.25

Orlando Sentin el
Legal Advertising (Ad 6200611 ; reference OSC5366978)	005366978000	$	1,250.02 Legal Advertising (Ad 6200785 : reference OSC5366978)	005366978000	$	1,197.52
6	ouc	cl {)y\\,.(\-i '-{ Ill,I,
Acct: 2562183178  ; SeNice 03/01/2019 - 04/02/2019  .... P	$	7,750.45
Deposit for 6964 Tavistock Lakes Boulevard Water Meter	$	250.00

7	Ventur esln .co m
April Application Hosting	44418	$	105 00

TOTAL	$  75,636.92

 		J1&Y. ia&Uw	 	

	 Chairpersor

Payment Authorization #395
4/17/2019

Item	Payee	Invoice	Genera
 	No.		Number	Fund	
1	BrightView Landscape Services			
	Interchange Controller Replacement	6260866	$	5,548.60	
	Controller #11 Repairs (Zone 26)	6271556	$	358.00	

2	
Donald W McIntosh Associates				
	Engineering Services Through 03/22/2019	36474	$	801.00	
3	Fishkind & Associates			
	Conference Call Reimbursables	24467	$	34.76	

4	Supervisor Fees - 04/16/2019 Meeting
Richard Levey	--	$	200.0C
Thad Czapka	--	$	200.0C

TOTAL	$	7,142.3E

er uJJw	 	
Chairperson

v

lP\	\1i\,

-'  -

Recommendation of
Work Authorization/Proposed Services
(if applicable)

District's Financial Position and Budget to Actual YTD

General	Debt Service

Capital Projects	General Long•
Term Debt

Total

Revenues

Off-Roll Assessments	$615,426.98								$615,426.98	
Other Income & Other Financ ing Sources	367.61								367.61	
Inte r-Fund Transfers In	556.17								556.17	
Other Assessments			$3,936,547.54						3,936 ,547.54	
Other Income & Other Financing Sources			416,728.45						416,728.45	
Inter-F und Group Transfers In			23,167.1e						23,167 .16	
Other Income & Other Financing Sources					$4,635,063.83				4,635,063.83	
Inte r-Fund Transfers In					(23,723.33:				(23,723 .33;	
Total Revenues	$616,350.7€		$4,376,443.15		$4,611,340.5C			S0.00	S9,604,134.41	

Expenses

Supervisor Fees	$2,800 .00	$2,800.00	
Public Officials' Liability Insurance	3 , 250 .0 0	3,250.00	
Trustee Services	1,571.35	1,571.35	
Management	21,875 .00	21,875.00	
Engineering	4,336.50	4,336.50	
Dissemination Agent	1, 250 .00	1,250.00	
District Counsel	8,957 . 99	8,957.99	
Assessment Administration	7 ,500.00	7,500.00	
Audit	5,923.00	5,923.00	
Travel and Per Diem	55.94	55.94	
Telephone	70.07	70.07	
Postage & Shipping	96.50	96.50	
Copies	622.50	622.50	
Legal Advertising	5,661.51	5,661.51	
Miscellaneous	1,671.60	1,671.60	
Property Taxes	339.11	339.11	
Web Site Maintenance	735.00	735.00	
Holiday Decorations	802.00	802.00	
Dues, Licenses, and Fees	175.00	175.00	
Electric	1,185.99	1,185.99	
Water Reclaimed	17,261.90	17,261.90	
General Insurance	3,687.00	3,687.00	
Property & Casualty	3,322.00	3,322.00	
Irrigation	17,238.50	17,238.50	
Landscaping Maintenance & Material	125,666.51	125,666.51	
Landscape Improvements	1,950.00	1,950.00	
Flower & Plant Replacement	91,456.25	91,456.25	
Contingency	1,550.00	1,550.00	
!ME - Aquatics Maintenance	1,899.60	1,899.60	
!ME - Irrigation	2,743.18	2,743.18	
IME - Landscaping	41,170.97	41,170.97	
IME - Lighting	1,726.36	1,726.36	
IME - Miscellaneous	1,378.32	1,378.32	
IME - Water Reclaimed	502.32	502.32	
Entry and Wall Maintenance	1,050.00	1,050.00	
Streetlights	29,525.04	29,525.04	

General	Debt Service	Capital Projects	General Long-	Total
Term Debt

Interest Payments Engineering District Counsel Legal Advertising Contingency
Total Expenses

$1,347,119.77	1,347,119.7,
$92,04 1.50	92,041.5(
2,820.00	2,820.0C
939 .8 3	939.8::
4,060,434.40	4,060,434.4(

$ 411,007.01	$1,347,119.77	$4,156,235.73	S0.00	$5,914,362.51

Other Revenues (Expenses) & Gains (Losses)

Interest Income
Interest Income	$34.86	
$6,859.62			S34.8f
6,859.6	
Interest Income			$50 .50		50.5(	
Total Other Revenues (Expenses) & Gains (Losses)	$34.86	$6,859.62	$50.50	$0.00	$6,944.98	
Change In Net Assets	$205,378.61	$3,036,183.00	$455,155.27	$0.00	$3,696,716.88	

Net Assets At Beginning Of Year	
(S40,170.80)	
$4,412,579.42	
($1,323,332.79)	
$0.00	
$3,049,075.83	

Net Assets At End Of Year	

$165,207.81	

$7,448,762.42	

($868,177.52)	

$0.00	

$6,745,792.71	

Statement of Financial Position As of 4/30/2019
General	Debt Service	Capital Projects	General Long-	Total
Term Debt

Assets

Current Assets

General Checking Account	$163,908.26				$163,908.26	
State Board of Administration	1,267.28				1,267.28	
Due From Other Governmental Units	4,847.25				4,847.25	
Deposits	4,550.00				4,550.00	
Infrastructure Capital Reserve	0.62				0.62	
Interchange Maintenance Reserve	0.10				0.10	
Debt Service Reserve Series 2013		$3,954,031.25			3,954,031.25	
Debt Service Reserve Series 2018		808,726.52			808,726.52	
Revenue Series 2013		2,684,696.92			2,684,696.92	
Interest Series 2018		1,307.73			1,307.73	
General Checking Account			$13,126.53		13,126.53	
Acquisition/Construction Series 2013			10,974.45		10,974.45	
Acquisition/Construction Series 2018			13,970.99		13,970.99	
Total Current Assets	$174,573.51	$7,448,762.42	$38,071.97	$0.00	$7,661,407.90	

Investments
Amount Available in Debt Service Funds				$7,448,762.42	$7,448,762.42	
Amount To Be Provided				68,466,237.58	68,466,237.58	
Total Investments	$0.00	$0.00	$0.00	$75,915,000.00	$75,915,000.00	

Total Assets	$174,573.51	$7,448,762.42	$38,071.97	$75 ,915,000.00	$83 ,576,407.90
---
Liabilities and Net Assets

Current Liabilities
Accounts Payable	$5,504.75	$5,504.75
Notes andLoans Payable - Current	3,860.95	3,860.95
Accounts Payable	$56,881.39	56,88 1.39
Retainage Payable	849,368.10	849 ,368.10
Total Current Liabilities	$9,365.70	$0.00	$906,249.49	S0.00	$915,615.19

Long Term Liabilities
Revenue Bonds Payable • Long-Term	$75,915,000.00	$75,915,000.00	
Total Long Term Liabilities	$0.00	$0.00	$0.00	$75,915,000.00	S75,915,000.00	
Total Liabilities	 	$9,365.70	$0.00	$906,249.49 --- $75,915,000.00	$76,830,615.19	
Net Assets			
Net Assets, Unrestricted	$70,114. 13	$70,114.13	
Current Year Net Assets, Unrestricted	556.17	556.17	
Net Assets • General Government	(110,284.93)	(110,284.93)	
Current Year Net Assets - General Government	204,822.44	204 ,822.44	
Net Assets, Unrestricted	($3,661,454.61)	(3,66 1,454.61)	
Current Year Net Assets, Unrestricted	3,036,183.00	3,036 ,183.00	
Net Assets - General Government	8,074,034.03	8,074,034.03	
Net Assets, Unrestricted	{S22,384,631.35}	(22,384,631.35)	
Net Assets, Unrestricted	(5,635,677.60)	(5,635,677.60)	
Current Year Net Assets, Unrestricted	455,155.27	455,155.27	
Net Assets - General Government	26,696,976.16	26,696,976.16	
Total Net Assets	$165,207.81	$7,448,762.42	($868,177.52)	$0.00	$6,745,792.7·	
Total Liabilities and Net Assets	$174,573.51	$7,448,762.42	$38,071.97	$75,915,000.00	$83,576,407.90	

YTD Actual	YTD Budget	YTD Variance

FY 2019
Adopted Budge!

Revenues
O ff-Roll Assessments	$	615,426.98	$	474,188.62	$	141,238.36		$	812,894.77 Other Income & Other Financing Sources			367.61				367.61
Net Revenues	s	615,794.59	s	474,188.62	s	141,605.97	s	812,894.77
General & Administrative ExE!enses Legislative
Supervisor Fees	$	2,800.00	$	2,800.00	$	$	4,800.0C
Financial & Administrative
Public Officials' Liability Insurance	3,250.00	2,085.42	1,164.58	3,575.0C	
Trus tee Services	1,571.35	1,166.67	404.68	2,000.0C	
Managem ent	21 ,875.00	21,875.00		37,500.0C	
Engineering	4,336.50	5,833.33	(1,496.83)	10,000.0C	
Dissemination Agent	1,250.00	2,916.67	(1,666.67)	5,000 .0C	
Di s tr ict Cou n se l	8 ,957.99	1 7 ,500.00	(8 ,542 . 0 1 )	30 ,000 .0C	
A ssessm e n t Admin is trat io n	7 ,500 . 00	4 ,3 7 5 .00	3 ,1 25 . 00	7,50 0 .0C	
Audit	5,923.00	2,275.00	3,648.00	3,900.0C	
A r b it rage Ca lculation		7 00 00	(700.00)	1,200.0C	
Trave l and Per Di em	55.94	291.67	(235.73)	500.0C	
Te lephone	70.0 7	145.83	(75.76)	250.0C	
Postage & Shipping	96 .50	175.00	(78.50)	300.0C	
Co pies	622.50	1,458.33	(835.83)	2,500.0C	
L ega l Ad ve rt is ing	5 ,661.5 1	1,750.00	3,911.51	3,000.0C	
B ank F ees		29. 17	(29.17)	50.0C	
Misce llaneo us	1,671 .60	583.33	1,088. 27	1,000.0 C	
Property Ta xes	339.11		339.11		
Web Site Maintenance	735.00	729.17	5.83	1,250.0C	
Ho li d ay D eco ratio n s	802.00		802.0C		
Dues, Licenses, and Fees	175.00	102.08	72.92	175.0C	
Total General & Administrative Expenses	s	67,693.07	s	66,791.67	s	901.40	s	114,500.00	

YTD Actual	YTD Budget	YTD Variance	FY 2019
Adopted Budget

Field Operations Expenses Electric Utility Services
Electric	$	1,185.99	$	1,166.67	s	19.32	$	2,000.00
Entry Lighting	291.67	(291.67)	500.00

Water Reclaimed	17,261.90	20,416.67	(3,154.77)	35,000.00	

General Insurance	
3,687.00	
2,362.50	
1,324.50	
4,050.00	
Property & Casualty	3,322.00	58.33	3,263.67	100.00	
Other Insurance		291.67	(291.67)	500.00	
Irrigation	17,238.50	17,500.00	(261.50)	30,000.00	
Landscaping Maintenance & Material	125,666.51	125,706.00	(39.49)	215,496.00	
Landscape Improvements	1,950.00	27,710.67	(25,760.67)	47,504.00	
Tree Trimming	91,456.25	23,333.33	68,122.92	40,000.00	
Hurricane Cleanup		11,666.67	(11,666.67)	20,000.00	
Contingency	1,550.00	17,500.00	(15,950.00)	30,000.00	
Interchange Maintena nce Expenses					
IME - Aquatics Maintenance	1,899.60	2,009.58	(109.98)	3,445.00	
IME - Irrigation	2,743.18	18,958.33	(16,215.15)	32,500.00	
IME - Landscaping	41,170.97	46,475.98	(5,305.01)	79,673.10	
IME - Lighting	1,726.36	11,666.67	(9,940.31)	20,000.00	
IME - Miscellaneous	1,378.32		1,378.32		
IME - Water Reclaimed	50232	1,895.83	(1,393.51)	3,250.0C	
Road & Street Facilities					
Entry and Wall Maintenance	1,050.00	5,833.33	(4,783.33)	10,000.0(	
Streetlights	29,525.04	47,833.33	(18,308.29)	82,000.0(	
Parks & Recreation					
Personnel Leasing Agreement	11,666.67	(11,666.67)	20,000.0(	
Reserves					
Infrastructure Capital Reserve		11,763.89	(11,763 .89)	20,166.67	
Interchange Maintenance Reserve		1,376.67	(1,376.67)	2,360.0C	
T otal Field Operations Expenses	$	343,313.94	s	407,484.45	$	(64,170.51)	s 698,544.77	

Total Expenses	

$	411,007.01	
s	474,276.12	
s	{63,269.11)	
s	813,044.77	
Income (Loss) from Operations	s	204,787.58	$	(87.50)	s	204,875.08	s	(150.00)	
Other Income {Expense)
Interest Income	$	
34.86	
$	
87.50	
$	
(52.64)	s	
150.0C	
Total Other Income (Expense)	$	34.86	s	87.50	$	(52.64)	s	150.0C	

Net Income (Loss)	$	
204,822.44	s		
$	
204,822.44	s		

Water-Sewer Combination Services Other Physical En vironment

Budget to Actual
For the Month Ending 04/30/2019

Oct-18	Nov-18	Dec-18	Jan-19	Feb-19	Mar-19	Apr-19	YTD Actual	
$ 406,447.46	$	$	$ 47,014.01	$ 142,033.91
367.61	$	$ 19,931.60	$ 615,426.98
367.61	
$ 406,447.46	$	$	s 47,014.01	$ 142,401.52	$	$ 19,931.60	$ 615,794.59	

$	400.00	
$	400.00	$	400.00	
$	400.00	
$	400.00	
$	400.00	$	400.00	
$	2,800.00	
3,250 .00					3,250.00	
1,571.35					1,571.35	
3,125.00	3,125.00	3,125.00	3,125.00	3,125.00	3,125.00	3,125.00	21,875.00	
	806.00	887.00	648.50	633.50	560.50	801.00	4,336.50	
			1,250.00		,1 250.00	
	1,449.10	1,789.00	2,165.77	2,008.64	1,545.48	8,957.99	
7,500.00					,7 500.00	
			3,023.00	2,900.00	5,923.00	
	9.31	18.33	9.22	14.44	4.64	55.94	
	6.49	28.82		34.76	70.07	
	13.06	20.63	34.77		28.04	96.50	
	88.50	180.00	93.00	168.00	93.00	622.50	
1,253.86	978.86	196.25	196.25	392.50	2,643.79	5,661.51	
	1,672.95	(1.35)				1,671.60	
	339.11				339.11	
105.00	105.00	105.00	105.00	105.00	105.00	105.00	735.00	
	802.00				802.00	
175.00					175.00	
s 17,380.21	s	7,537.79	$	6,992.20	$	6,429.56	$ 11,080.96	$	9,617.32	$	8,655.03	$	67,693.07	

Revenues
Off-Roll Assessments
Other Income & Other Financing Sources
Net Revenues
General & Administrative Ex enses Legislative
Supervisor Fees
Financial & Administrative
Public Officials' Liabili ty Insurance Trustee Services
Management
Engineering Dissemination Agent District Counsel
Assessment Administration Audit
Arbitrage Calculation
Travel and Per Diem Telephone
Postage & Shipping
Copies
Legal Advertising Bank Fees Miscellaneous Property Taxes
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
Total General & Administrative Expenses

Page 1 of 2

FY 2019
Cash Flow Analysis

Beg. Cash	FY18 Inflows	FY18 Outflows	FY19 Inflows	FY19 Outflows	End . Cash

10/1/2018	78,082.40	14,418.01	{29,702.34)	304,920.95	(58,290.28)	309,428.74		
11/1/2018	309,428.74		{873.50)	8,476.75	(12,010.78)	305,021.21		
12/1/2018	305,021.21	2,650.71	(10,720.60)	22,112.34	(111,656.27)	207,407.39		
1/1/2019	207,407.39			64,405.97	(82,263.20)	189,550.16		
2/1/2019	189,550.16			158,727.97	(83,538.65)	264,739.48		
3/1/2019	264,739.48			17,337.39	(76,939.42)	205,137.45		
4/1/2019	205,137.45			41,746.34	(82,975.53)	163,908.26		
5/1/2019	163,908.26			2,718.56		166,626.82	as of 05/06/2019	

FY19 Tot a ls	17,068.72	{41,296.44)	620,446.27	(507,674.13)

As of 05/06/2019

Boggy Creek Improvement District Construction Tracking - early May

Amounl

Series 2018 Bond Issue
Original Construction Fund - Not To Exceed Additions (Interest, Transfers from DSR, etc.) Cumulative Draws Through Prior Month

$	25,000,000.00
13,896.82
(8,906,027.31;

Construction Funds Available	S 16,107,869.51

Requisitions This Month
Requisition 2018-085: Jon M Hall Company

Total Requisitions This Month

ConstructionFunds Remaining

$	(23,014.48;
----------
$	( 2 3 , 014   . 48 )
----------
$	1 6, 0 8 4, 8 5 5 . 03

Committed Funding
Lake Nona Nemours Parkway West and Lift Station No. 10 - JonM. Hall Company
Lake Nona Boulevard Traffic Signal Modifications at Tavistock Lakes Boulevard and Veterans Way - Traffic Control De Lake Nona Boulevard Traffic Signal Modifications at Tavistock Lakes Boulevard and Veterans Way - Jon M. Hall Com Nemours Parkway & Lake Nona Boulevard - Traffic Control Devices
Lake Nona Medical City Drive Phase 2 - Bids Due April 6, 2018

Total Committed Funding

! Net Uncommitted

$	(963,507.03}
(40,025.00}
(132,054.00}
(57,028.48)

----------
$	(1,192,614.51)
 ---------
14 ,892,240.52	1

May   6 ,  20 1 S