Saddle Creek Preserve of Polk County Community Development District

Meeting Agenda April 23, 2024

Saddle Creek Preserve of Polk County
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

April 16, 2024

Board of Supervisors
Saddle Creek Preserve of Polk County Community Development District

Dear Board Members:
A meeting of the Board of Supervisors of the Saddle Creek Preserve of Polk County Community Development District will be held Tuesday, April 23, 2024 at 1:00 PM at The Hampton Inn--Lakeland, 4420 North Socrum Loop Road, Lakeland, FL 33809.

Zoom Link: https://us06web.zoom.us/j/85458044464
Call-In Information: 1-646-876-9923
Meeting ID: 854 5804 4464

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers may submit questions and comments to the District Manager prior to the beginning of the meeting via email at jburns@gmscfl.com)
Approval of Minutes of the February 27, 2024 Board of Supervisors Meeting
Consideration of Resolution 2024-03 Approving the Proposed Fiscal Year 2024/2025 Budget (Suggested Date: June 25, 2024) and Setting the Public Hearing on the Adoption of the Fiscal Year 2024/2025 Budget (budget to be provided under separate cover)
Consideration of Resolution 2024-04 Designating a Date, Time, and Location for a Landowners’ Meeting and Election (November 26, 2024)
Presentation of Arbitrage Rebate Report for Series 2022 Special Assessment Bonds
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Landscape Addendums & Proposals from Prince & Sons
Addendum to Add Front Area of Phase 2B to Current Landscape Contract
Addendum to Add Increased Frequency of Pond Mows to Current Landscape Contract
Proposal to Replace Landscaping at Amenity
Proposal to Remove and Dispose of Dead Pine Trees along Main Road
District Manager’s Report

1 Comments will be limited to three (3) minutes
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

MINUTES
MINUTES OF MEETING
SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Saddle Creek Preserve of Polk County Community Development District was held Tuesday, February 27, 2024 at 1:00 p.m. at The Hampton Inn – Lakeland, 4420 North Socrum Loop Road, Lakeland, Florida.

Present and constituting a quorum:
Scott Shapiro by Zoom	Chairman
Kelly Evans	Assistant Secretary
Lori Campagna	Assistant Secretary
Sean Finotti	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Monica Virgen	District Manager, GMS
Grace Kobitter	District Counsel, KVW Law
Allen Bailey	Field Manager, GMS

The following is a summary of the discussions and actions taken at the February 27, 2024 Saddle Creek Preserve of Polk County Community Development District’s Board of Supervisors Meeting.
FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll. There were three Board members present and Scott Shapiro joining via Zoom constituting a quorum.

SECOND ORDER OF BUSNESS	Public Comment Period
Ms. Burns stated that there is one member of the public on Zoom. There being no comments at this time, the next item followed.

THIRD ORDER OF BUSINESS	Approval of Minutes of the January 23,
2024 Board of Supervisors Meeting
February 27, 2024	Saddle Creek Preserve of Polk County CDD

Ms. Burns asked for approval of the minutes from the January 23, 2024 Board of Supervisors meeting. She asked for any questions, comments, or corrections to those minutes.

FOURTH ORDER OF BUSINESS	Consideration of Proposals for Lift Station
Pump Replacement
Proposals
Averett Septic Tanks
Proposal for Lift Station Pump
Mr. Bailey presented the proposal from Averett Septic. They are suggesting a Vortex pump. This pump has a recessed center so allows stuff to pass through and not get caught in the propeller. There is a one-year warranty on the pump. The quote for all three lift stations is
$33,982.24 which was the lowest quote.

Proposal for Lift Station Maintenance
Ms. Burns noted they would need to sign up for the annual maintenance at $8,100 per year. She noted they have the option to terminate the existing maintenance agreement with Consta Flow and go with Averett to start the maintenance at the same time as the install. She asked for a motion to terminate the exiting maintenance agreement with Consta Flow pending staff coordinating that timing and a motion to approve the maintenance agreement with Everett for regular maintenance.

February 27, 2024	Saddle Creek Preserve of Polk County CDD

Proposal for Alternative Lift Station Basket System Option
Mr. Bailey presented the quote for the lift station baskets for all three pumps at $9,750. Ms. Campagna wanted to make sure the county does not come back on the District. Mr. Bailey noted this basket system could be installed if they are concerned with the county.

FIFTH ORDER OF BUSINESS	Public Hearing (Continued from January
23, 2024 Meeting)
A. Public Hearing on the Adoption of Parking and Towing Policies for the District
Ms. Burns noted this is the continued public hearing on street parking and towing. She asked for a motion to reopen that public hearing.

Ms. Burns stated the Board sought direction for them to go through and look at resident concerns brought up at the meeting. She pointed out changes to the parking map on page 49 of the agenda.
Public Comments:
Mark Pagan, Old Mining Road – says the Board should hold off until construction is complete.
Abby Morrobell, Yellow Trail stated that she wants to try to resolve parking by speaking to neighbors first.
Miguel Morrobell asked can we expect a certain percentage of occupancy before adding parking rules.
Diane Williams, Landmark commented about speed zone signs, 25 mph is too fast. How close are they to completion. Mark noted 60-70% built out, not closed.
Consideration of Resolution 2024-02 Adopting Parking and Towing Policies for the District (2 Maps – 1 with All Phases Included in Policy and 1 with Just Current Active Phase)
Ms. Evans stated she feels strongly this should be a resident decision and would like to see the Board become all residents and the residents make the decision as a controlled Board. Ms.
February 27, 2024	Saddle Creek Preserve of Polk County CDD

Campagna noted this started because the homeowners requested it. Ms. Burns stated the Board does not want to take action to approve this today.

Consideration of Proposal for Parking Signage Installation
This item was deferred to a future meeting.

SIXTH ORDER OF BUSINESS	Consideration of 2024 Non-Ad Valorem
Contract Agreement with Polk County Property Appraiser
Ms. Burns noted this is the annual renewal of the agreement with the Polk County Property Appraiser that they will provide the parcels within the community to us.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Kobitter had nothing to report.

Engineer
There being no comments, the next item followed.

Field Manager’s Report
Mr. Bailey presented the field manager’s report. Sidewalk modifications are complete, Yellow Trail pond cleanup is an ongoing item with construction, a low area collecting water was leveled, leaning signage was straightened, large open space on Yellow Trail is seeing new growth, the dog park is near completion just waiting on fountains, and bike pad will be installed there.
Ms. Evans asked Mr. Bailey to touch on the mow schedule. Mr. Bailey noted they are on a biweekly mow schedule now and will be shifting to weekly mows beginning in April. The ponds will stay on the biweekly schedule.
February 27, 2024	Saddle Creek Preserve of Polk County CDD

Consideration of Addendum to Add on Trash and Pet Station Collection to the Current Janitorial Services Contract – ADDED
Ms. Bailey noted this is to add dog waste station emptying to the janitorial contract.

District Manager’s Report
Approval of Check Register
Ms. Burns presented the check register for approval which is included in the agenda package for review. She asked for any questions on the check register.

Balance Sheet and Income Statement
Ms. Burns stated the financials are in the package for review. There is no action needed. These are for informational purposes only. Ms. Evans asked about Clean Star Services. Ms. Burns noted they empty trash and clean the restrooms at the pool three days a week. The trash is removed every two days. Waste stations for the dog park are twice a week.

Discussion Regarding Security Staffing at the Pool During Spring Break
Ms. Burns noted they will not staff for Spring Break. Board will revisit for summer.

Discussion Regarding Authorizing the HOA to Place No Solicitation Signage
Ms. Burns stated a resident reached out and spoke about this with the HOA. Because solicitation has to do with private lots, this is more of an HOA policy. She noted they allow the HOA to purchase and install signs on CDD property through a license agreement. Ms. Kobitter can draw up a simple license agreement. Ms. Evans asked if they could review signage before installation.

Discussion of Lighting Agreement for Phase 2
February 27, 2024	Saddle Creek Preserve of Polk County CDD Ms. Burns stated this is for Phase 2 lighting install of 47 poles with Lakeland Electric.

EIGHTHORDER OF BUSINESS	Other Business
Ms. Campagna asked Allen to work on a proposal for mulch at the entry of the community.
Ms. Burns noted if it’s within budget to move forward with it.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Public Comment:
-Abby (1905 Yellow Trail): Reach out to street sweepers to run through again. Ms. Campagna noted after the last meeting they added a few additional in and can do that again. Terrible oil stains. Ms. Burns noted the CDD does not do road cleaning. Cracked sidewalk at NE corner of Old Mining & Yellow Trail– Allen will check that.
-Diane Williams (Landmark): Dog park too small and where is bike pad. Who is responsible for the grounds in pool area and mailbox area? Request for trash can at mailboxes. Ms. Burns noted there is a vendor who cleans the pool and a janitorial contract for restrooms and the covered area. They are not there every day. The landscape vendor picks up trash when they mow. Ms. Burns noted she can send an email blast to residents about trash. The bike pad is at the entry of the dog park. Cracked sidewalk on Landmark 1530 & 1532, water always standing. Ms. Burns noted it’s probably a drainage swell so designed as a lower area. Allen will check this.
-Marcos (2909 Old Mining Road): Questions a larger dog park at different location adjusted to resident liking as community grows. Ms. Campagna noted they can share that once it’s turned over to full resident control and make any changes that the Board decides.
-David Talan: Pool area, water was crystal clear. Ms. Burns noted he may start to see issues when the pool picks up so email Allen. Off duty security at pool if necessary. He asked how to get email reminders. Ms. Burns will make sure he is on the list. Post a flyer at the amenity center to let residents know they can sign up for CDD email communication using amenity access email.
Ms. Campagna addressed the speed limit signs – this is required through engineering who dictates speed limits. Collector roads versus anterior roads could be the reason for different speed
February 27, 2024	Saddle Creek Preserve of Polk County CDD

limits. Give Jill information regarding the roads and the Engineer will address that. Ms. Burns urged residents who see speeding to reach out to local law enforcement. A traffic study would be required to install speed bumps which would be costly. Speed bumps would affect driveways.

TENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV
RESOLUTION 2024-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Saddle Creek Preserve of Polk County Community Development District (“District”) prior to June 15, 2024, proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“Fiscal Year 2024/2025”); and
WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2024/2025 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:
DATE:	Tuesday, June 25, 2024
HOUR:	1:00 PM
LOCATION:	Hampton Inn Lakeland 4420 N Socrum Loop Rd. Lakeland, Florida 33809

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL
PURPOSE GOVERNMENTS. The District Manager is hereby directed to submit a copy of the Proposed Budget to Polk County at least 60 days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and to ensure that it remains on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.
SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 23RD DAY OF APRIL 2024.

ATTEST:	SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT

Secretary
By:	 Its:		

Budget will be provided under separate cover.

Section V
RESOLUTION 2024-04
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, Saddle Creek Preserve of Polk County Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within Polk County, Florida; and

WHEREAS, pursuant to Section 190.006(1), Florida Statutes, the District’s Board of Supervisors (“Board”) “shall exercise the powers granted to the district pursuant to [Chapter 190, Florida Statutes],” and the Board shall consist of five members; and
WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on a date in November established by the Board, which shall be noticed pursuant to Section 190.006(2), Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT:

EXISTING BOARD SUPERVISORS; SEATS SUBJECT TO ELECTIONS.  The
Board is currently made up of the following individuals:

Seat Number	Supervisor	Term Expiration Date	
1	Scott Shapiro	11/2024	
2	Mike Seney	11/2024	
3	Lori Campagna	11/2026	
4	Kelly Evans	11/2026	
5	Sean Finotti	11/2024	
This year, Seat 1, currently held by Scott Shapiro, Seat 2, currently held by Mike Seney, and Seat 5, currently held by Sean Finotti, are subject to election by landowners in November 2024. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.
LANDOWNER’S ELECTION. In accordance with Section 190.006(2), Florida Statutes, the meeting of the landowners to elect Board Supervisor(s) of the District shall be held on the 26th day of November 2024, at 1:00 PM and located at the Hampton Inn—Lakeland, 4420 N Socrum Loop Road, Lakeland, Florida 33809.

PUBLICATION. The District’s Secretary is hereby directed to publish notice of the landowners’ meeting and election in accordance with the requirements of Section 190.006(2), Florida Statutes.

FORMS. Pursuant to Section 190.006(2)(b), Florida Statutes, the landowners’ meeting and election have been announced by the Board at its April 23, 2024 meeting. A sample notice of
landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the office of the District Manager, Governmental Management Services – Central Florida LLC, located at 219 East Livingston Street, Orlando, Florida 32801.
SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall become effective upon its passage.
PASSED AND ADOPTED THIS 23RD DAY OF APRIL 2024.

SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT

ATTEST:	CHAIRPERSON / VICE CHAIRPERSON

SECRETARY / ASST. SECRETARY
EXHIBIT A
NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given to the public and all landowners within the Saddle Creek Preserve of Polk County Community Development District (the “District”), the location of which is generally described as comprising a parcel or parcels of land containing approximately 141.80 acres, generally located west of Old Dixie Highway and south of Saddle Creek Road (CR 546) within unincorporated Polk County, Florida, advising that a meeting of landowners will be held for the purpose of electing five (5) persons to the District Board of Supervisors. Immediately following the landowners’ meeting and election, there may be convened a meeting of the Board of Supervisors for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.
DATE:	Tuesday, November 26, 2024
TIME:	1:00 PM
PLACE:	Hampton Inn--Lakeland
4420 N Socrum Loop Rd. Lakeland, Florida 33809

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (“District Office”). At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting is open to the public and will be conducted in accordance with the provisions of Florida law. The meeting may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for this meeting may be obtained from the District Office. There may be an occasion where one or more supervisors will participate by speaker telephone.
Any person requiring special accommodations to participate in these meetings is asked to contact the District Office at (407) 841-5524, at least forty-eight (48) hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service at 7-1-1 or (800) 955-8770 for aid in contacting the District Office.

A person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that such person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.
Jill Burns District Manager
INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT
DISTRICT FOR THE ELECTION OF SUPERVISORS

DATE OF LANDOWNERS’ MEETING: Tuesday, November 26, 2024
TIME: 1:00 PM
LOCATION: Hampton Inn Lakeland, 4420 N Socrum Loop Rd., Lakeland, Florida 33809

Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.

A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.
This year, three (3) seats on the Board will be up for election by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.
LANDOWNER PROXY
SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT
POLK COUNTY, FLORIDA
LANDOWNERS’ MEETING –Tuesday, November 26, 2024
KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints 	 (“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of Saddle Creek Preserve of Polk County Community Development District to be held at the Hampton Inn Lakeland, 4420 N Socrum Loop Rd., Lakeland, Florida 33809, on Tuesday, November 26, 2024 at 1:00 PM, and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.
Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner				
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:
NOTES: Pursuant to Section 190.006(2)(b), Florida Statutes (2021), a fraction of an acre is treated as one
(1) acre entitling the landowner to one vote with respect thereto. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.

If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).
OFFICIAL BALLOT
SADDLE CREEK PRESERVE OF POLK COUNTY COMMUNITY DEVELOPMENT DISTRICT
POLK COUNTY, FLORIDA
LANDOWNERS’ MEETING –TUESDAY, NOVEMBER 26, 2024

For Election (3 Supervisors): The two (2) candidates receiving the highest number of votes will each receive a four (4) year term, and the one (1) candidate receiving the next highest number of votes will receive a two (2) year term, with the term of office for the successful candidates commencing upon election.

The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the Saddle Creek Preserve of Polk County Community Development District and described as follows:

Description	Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

or
Attach Proxy.

I,		,	as	Landowner,	or	as	the	proxy	holder	of
	 (Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	
1			
2			
5			

Date: 		Signed: 	

Printed Name: 	

Section VI

REBATE REPORT
$5,155,000
Saddle Creek Preserve of
Polk County Community Development District
(Polk County, Florida)
Special Assessment Bonds, Series 2022

Dated: February 10, 2022
Delivered: February 10, 2022

Rebate Report to the Computation Date February 10, 2025
Reflecting Activity To February 29, 2024

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	15	
Arbitrage Rebate Calculation Detail Report – Costs of Issuance Account	16	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	17	

March 25, 2024

Saddle Creek Preserve of Polk County Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$5,155,000 Saddle Creek Preserve of Polk County Community Development District (Polk
County, Florida), Special Assessment Bonds, Series 2022	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Saddle Creek Preserve of Polk County Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of February 10, 2025, the Computation Date. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the February 10, 2025 Computation Date
Reflecting Activity from February 10, 2022 through February 29, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	1.115154%	26,816.87	(58,901.53)	
Debt Service Reserve Fund	3.287348%	9,739.83	(282.84)	
Costs of Issuance Account	0.008944%	0.01	(4.13)	
Totals	1.351533%	$36,556.71	$(59,188.50)	
Bond Yield	3.377437%			
Rebate Computation Credits	(4,236.29)			
Net Rebatable Arbitrage	$(63,424.79)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from February 10, 2022, the date of the closing, to February 29, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of February 10, 2025.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between February 10, 2022 and February 29, 2024, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

In accordance with Page C-1 of the Arbitrage and Tax Certificate, Exhibit C (Arbitrage Rebate Covenants) the first (initial) Computation Date must be within 60 days of the end of the third Bond Year. After the first required payment date (Computation Date) the District must consistently treat either the last day of each Bond Year or the last day of each fifth Bond Year as the (subsequent) Computation Date(s). Therefore, for purposes of the arbitrage calculation, the first Computation Date is February 10, 2025.

DEFINITIONS

Computation Date
February 10, 2025.
Computation Period
The period beginning on February 10, 2022, the date of the closing, and ending on February 29, 2024.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Funds / Accounts	Account Number	
Revenue Account	251737000	
Interest Fund	251737001	
Sinking Fund Account	251737002	
Debt Service Reserve Fund	251737003	
Prepayment Account	251737004	
Acquisition & Construction Fund	251737005	
METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of February 29, 2024, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to February 10, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on February 10, 2025, is the Rebatable Arbitrage.
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 Delivered: February 10, 2022

Par Amount	$5,155,000.00	
Net Original Issue Premium	95,123.35	
Total	$5,250,123.35	

Acquisition & Construction Fund	$4,818,697.10	
Debt Service Reserve Fund	143,826.25	
Costs of Issuance Account	184,500.00	
Underwriter’s Discount	103,100.00	
Total	$5,250,123.35	
Prepared by AMTEC	(Finance 8.901)

PROOF OF ARBITRAGE YIELD
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022

Date	

Debt Service	Present Value to 02/10/2022
@ 3.3774368166%	
06/15/2022	62,856.77	62,130.02	
12/15/2022	220,513.75	214,344.51	
06/15/2023	88,807.50	84,889.42	
12/15/2023	198,807.50	186,880.46	
06/15/2024	87,363.75	80,758.76	
12/15/2024	197,363.75	179,412.62	
06/15/2025	85,920.00	76,808.11	
12/15/2025	200,920.00	176,629.49	
06/15/2026	84,410.63	72,973.37	
12/15/2026	199,410.63	169,528.53	
06/15/2027	82,901.25	69,307.91	
12/15/2027	202,901.25	166,814.45	
06/15/2028	81,326.25	65,751.69	
12/15/2028	206,326.25	164,043.07	
06/15/2029	79,388.75	62,071.12	
12/15/2029	204,388.75	157,150.17	
06/15/2030	77,451.25	58,561.68	
12/15/2030	207,451.25	154,251.13	
06/15/2031	75,436.25	55,159.41	
12/15/2031	210,436.25	151,316.86	
06/15/2032	73,343.75	51,862.94	
12/15/2032	2,528,343.75	1,758,155.69	
06/15/2033	24,873.75	17,009.43	
12/15/2033	169,873.75	114,235.72	
06/15/2034	22,445.00	14,843.03	
12/15/2034	172,445.00	112,145.21	
06/15/2035	19,932.50	12,747.33	
12/15/2035	174,932.50	110,015.80	
06/15/2036	17,336.25	10,721.78	
12/15/2036	177,336.25	107,854.07	
06/15/2037	14,656.25	8,765.75	
12/15/2037	179,656.25	105,666.13	
06/15/2038	11,892.50	6,878.50	
12/15/2038	181,892.50	103,457.68	
06/15/2039	9,045.00	5,059.22	
12/15/2039	184,045.00	101,234.00	
06/15/2040	6,113.75	3,307.02	
12/15/2040	186,113.75	99,000.02	
06/15/2041	3,098.75	1,620.95	
12/15/2041	188,098.75	96,760.30	
	7,199,856.78	5,250,123.35	
	
Proceeds Summary		

Delivery date	02/10/2022	
Par Value	5,155,000.00	
Premium (Discount)	95,123.35	
Target for yield calculation	5,250,123.35	
Prepared by AMTEC	(Finance 8.901)

PROOF OF ARBITRAGE YIELD
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 Assumed Call/Computation Dates for Premium Bonds

Bond Component	Maturity Date	
Rate	
Yield	Call Date	Call Price	Yield To Call/Maturity	
TERM04	12/15/2042	4.000%	3.540%	12/15/2032	100.000	3.5409086%	
TERM04	12/15/2043	4.000%	3.540%	12/15/2032	100.000	3.5409086%	
TERM04	12/15/2044	4.000%	3.540%	12/15/2032	100.000	3.5409086%	
TERM04	12/15/2045	4.000%	3.540%	12/15/2032	100.000	3.5409086%	
TERM04	12/15/2046	4.000%	3.540%	12/15/2032	100.000	3.5409086%	
TERM04	12/15/2047	4.000%	3.540%	12/15/2032	100.000	3.5409086%	
TERM04	12/15/2048	4.000%	3.540%	12/15/2032	100.000	3.5409086%	
TERM04	12/15/2049	4.000%	3.540%	12/15/2032	100.000	3.5409086%	
TERM04	12/15/2050	4.000%	3.540%	12/15/2032	100.000	3.5409086%	
TERM04	12/15/2051	4.000%	3.540%	12/15/2032	100.000	3.5409086%	

Rejected Call/Computation Dates for Premium Bonds

Bond Component	Maturity Date	
Rate	
Yield	Call Date	Call Price	Yield To Call/Maturity	Increase to Yield	
TERM04	12/15/2042	4.000%	3.540%			3.7153415%	0.1744328%	
TERM04	12/15/2043	4.000%	3.540%			3.7237630%	0.1828544%	
TERM04	12/15/2044	4.000%	3.540%			3.7314065%	0.1904978%	
TERM04	12/15/2045	4.000%	3.540%			3.7383700%	0.1974613%	
TERM04	12/15/2046	4.000%	3.540%			3.7447358%	0.2038272%	
TERM04	12/15/2047	4.000%	3.540%			3.7505736%	0.2096650%	
TERM04	12/15/2048	4.000%	3.540%			3.7559427%	0.2150341%	
TERM04	12/15/2049	4.000%	3.540%			3.7608937%	0.2199851%	
TERM04	12/15/2050	4.000%	3.540%			3.7654705%	0.2245619%	
TERM04	12/15/2051	4.000%	3.540%			3.7697108%	0.2288022%	
Prepared by AMTEC	(Finance 8.901)

BOND DEBT SERVICE
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
02/10/2022						
06/15/2022			62,856.77	62,856.77		
12/15/2022	130,000	2.625%	90,513.75	220,513.75	283,370.52	
06/15/2023			88,807.50	88,807.50		
12/15/2023	110,000	2.625%	88,807.50	198,807.50	287,615.00	
06/15/2024			87,363.75	87,363.75		
12/15/2024	110,000	2.625%	87,363.75	197,363.75	284,727.50	
06/15/2025			85,920.00	85,920.00		
12/15/2025	115,000	2.625%	85,920.00	200,920.00	286,840.00	
06/15/2026			84,410.63	84,410.63		
12/15/2026	115,000	2.625%	84,410.63	199,410.63	283,821.26	
06/15/2027			82,901.25	82,901.25		
12/15/2027	120,000	2.625%	82,901.25	202,901.25	285,802.50	
06/15/2028			81,326.25	81,326.25		
12/15/2028	125,000	3.100%	81,326.25	206,326.25	287,652.50	
06/15/2029			79,388.75	79,388.75		
12/15/2029	125,000	3.100%	79,388.75	204,388.75	283,777.50	
06/15/2030			77,451.25	77,451.25		
12/15/2030	130,000	3.100%	77,451.25	207,451.25	284,902.50	
06/15/2031			75,436.25	75,436.25		
12/15/2031	135,000	3.100%	75,436.25	210,436.25	285,872.50	
06/15/2032			73,343.75	73,343.75		
12/15/2032	140,000	3.100%	73,343.75	213,343.75	286,687.50	
06/15/2033			71,173.75	71,173.75		
12/15/2033	145,000	3.350%	71,173.75	216,173.75	287,347.50	
06/15/2034			68,745.00	68,745.00		
12/15/2034	150,000	3.350%	68,745.00	218,745.00	287,490.00	
06/15/2035			66,232.50	66,232.50		
12/15/2035	155,000	3.350%	66,232.50	221,232.50	287,465.00	
06/15/2036			63,636.25	63,636.25		
12/15/2036	160,000	3.350%	63,636.25	223,636.25	287,272.50	
06/15/2037			60,956.25	60,956.25		
12/15/2037	165,000	3.350%	60,956.25	225,956.25	286,912.50	
06/15/2038			58,192.50	58,192.50		
12/15/2038	170,000	3.350%	58,192.50	228,192.50	286,385.00	
06/15/2039			55,345.00	55,345.00		
12/15/2039	175,000	3.350%	55,345.00	230,345.00	285,690.00	
06/15/2040			52,413.75	52,413.75		
12/15/2040	180,000	3.350%	52,413.75	232,413.75	284,827.50	
06/15/2041			49,398.75	49,398.75		
12/15/2041	185,000	3.350%	49,398.75	234,398.75	283,797.50	
06/15/2042			46,300.00	46,300.00		
12/15/2042	190,000	4.000%	46,300.00	236,300.00	282,600.00	
06/15/2043			42,500.00	42,500.00		
12/15/2043	200,000	4.000%	42,500.00	242,500.00	285,000.00	
06/15/2044			38,500.00	38,500.00		
12/15/2044	210,000	4.000%	38,500.00	248,500.00	287,000.00	
06/15/2045			34,300.00	34,300.00		
12/15/2045	215,000	4.000%	34,300.00	249,300.00	283,600.00	
06/15/2046			30,000.00	30,000.00		
12/15/2046	225,000	4.000%	30,000.00	255,000.00	285,000.00	
06/15/2047			25,500.00	25,500.00		
12/15/2047	235,000	4.000%	25,500.00	260,500.00	286,000.00	
06/15/2048			20,800.00	20,800.00		
12/15/2048	245,000	4.000%	20,800.00	265,800.00	286,600.00	
06/15/2049			15,900.00	15,900.00		
12/15/2049	255,000	4.000%	15,900.00	270,900.00	286,800.00	
Prepared by AMTEC	(Finance 8.901)

BOND DEBT SERVICE
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
06/15/2050			10,800.00	10,800.00		
12/15/2050	265,000	4.000%	10,800.00	275,800.00	286,600.00	
06/15/2051			5,500.00	5,500.00		
12/15/2051	275,000	4.000%	5,500.00	280,500.00	286,000.00	
	5,155,000		3,418,456.78	8,573,456.78	8,573,456.78	
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 Acquisition & Construction Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.377437%)

02/10/22	Beg	Bal	-4,818,697.10	-5,328,025.21	
04/14/22			487,153.88	535,447.55	
04/14/22			119,446.18	131,287.40	
04/14/22			366,428.20	402,753.81	
04/25/22			10,960.00	12,034.19	
05/03/22			19,822.02	21,748.58	
05/03/22			51,110.72	56,078.33	
05/03/22			4,275.00	4,690.50	
05/03/22			146.00	160.19	
05/03/22			816,448.49	895,801.69	
05/09/22			105,240.00	115,404.17	
05/09/22			12,852.40	14,093.70	
05/17/22			1,100.00	1,205.34	
05/17/22			30,095.00	32,977.05	
05/17/22			76,714.56	84,061.13	
06/08/22			8,771.40	9,592.63	
06/09/22			171,578.04	187,624.80	
06/09/22			133,302.51	145,769.57	
06/29/22			258,346.13	281,982.66	
07/05/22			4,176.13	4,555.67	
07/25/22			2,524.48	2,748.79	
07/25/22			651.00	708.84	
07/25/22			2,920.00	3,179.46	
07/25/22			66,900.33	72,844.74	
07/28/22			230,378.00	250,778.17	
08/02/22			85,515.12	93,052.92	
08/10/22			3,010.00	3,272.88	
08/24/22			328.50	356.73	
08/26/22			30,340.00	32,940.71	
09/01/22			32,966.10	35,775.27	
09/01/22			301,310.69	326,986.57	
09/07/22			117,080.25	126,986.22	
09/15/22			-100,000.00	-108,380.14	
09/19/22			278.19	301.39	
09/19/22			219.00	237.26	
09/19/22			7,560.00	8,190.49	
09/19/22			30,340.00	32,870.30	
09/26/22			36,520.18	39,540.14	
09/26/22			30,880.00	33,433.56	
10/03/22			2,810.98	3,041.45	
10/03/22			2,247.80	2,432.09	
10/05/22			50,755.59	54,906.72	
10/11/22			18,215.26	19,694.03	
11/03/22			9,010.75	9,722.35	
11/03/22			782.50	844.30	
11/03/22			27,202.35	29,350.58	
11/14/22			152,544.26	164,422.69	
11/15/22			365.00	393.39	
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 Acquisition & Construction Fund

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(3.377437%)	
12/13/22		18,102.03	19,459.04	
12/16/22		89,925.00	96,639.21	
01/05/23		32,110.00	34,446.54	
01/05/23		8,639.19	9,267.83	
01/10/23		6,600.00	7,076.97	
01/23/23		79,489.91	85,131.44	
01/30/23		28,558.00	30,564.90	
02/09/23		3,025.00	3,234.87	
02/09/23		2,400.00	2,566.51	
02/09/23		75,900.37	81,166.23	
02/23/23		32,515.00	34,725.59	
02/28/23		-420.00	-448.35	
03/08/23		382,700.48	408,149.04	
03/17/23		15,673.98	16,702.27	
03/22/23		4,581.00	4,879.27	
04/13/23		31,191.26	33,157.25	
04/17/23		124,149.25	131,925.31	
05/08/23		-246,957.62	-261,913.54	
05/09/23		181,968.78	192,970.98	
05/09/23		28,593.41	30,322.22	
05/19/23		73.00	77.34	
05/30/23		182.50	193.16	
07/18/23		73,929.82	77,898.10	
08/22/23		-27,300.72	-28,675.27	
09/07/23		55,242.84	57,943.32	
11/17/23		219.00	228.21	
02/29/24	Bal	22,710.75	23,442.79	
02/29/24	Acc	88.75	91.61	
02/10/25	TOTALS:	26,816.87	-58,901.53	

ISSUE DATE:	02/10/22	REBATABLE ARBITRAGE:	-58,901.53	
COMP DATE:	02/10/25	NET INCOME:	26,816.87	
BOND YIELD:	3.377437%	TAX INV YIELD:	1.115154%	
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 Debt Service Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.377437%)

02/10/22	Beg	Bal	-143,826.25	-159,028.44	
03/02/22			0.45	0.50	
04/04/22			0.74	0.81	
05/03/22			0.71	0.78	
06/02/22			36.26	39.68	
07/05/22			82.79	90.31	
08/02/22			144.54	157.28	
09/02/22			217.74	236.27	
10/04/22			248.73	269.10	
11/02/22			325.78	351.54	
12/02/22			397.03	427.23	
01/04/23			448.55	481.23	
02/02/23			477.60	511.07	
03/02/23			457.77	488.48	
04/04/23			517.46	550.54	
05/02/23			522.54	554.49	
06/02/23			568.47	601.55	
07/05/23			556.40	586.97	
08/02/23			581.34	611.75	
09/05/23			603.60	633.22	
10/03/23			584.51	611.60	
11/02/23			605.18	631.52	
12/04/23			587.03	610.76	
12/22/23			0.14	0.15	
01/03/24			606.41	629.23	
02/02/24			603.49	624.51	
02/29/24	Bal		143,826.26	148,462.26	
02/29/24	Acc		564.56	582.76	
02/10/25	TOTALS:	9,739.83	-282.84		

ISSUE DATE:	
02/10/22	
REBATABLE ARBITRAGE:	
-282.84		
COMP DATE:	02/10/25	NET INCOME:	9,739.83		
BOND YIELD:	3.377437%	TAX INV YIELD:	3.287348%		
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 Costs of Issuance Account

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(3.377437%)	
02/10/22	Beg Bal	-184,500.00	-204,001.34	
02/10/22		51,000.00	56,390.61	
02/10/22		45,000.00	49,756.42	
02/10/22		6,000.00	6,634.19	
02/10/22		1,750.00	1,934.97	
02/10/22		30,000.00	33,170.95	
02/10/22		45,000.00	49,756.42	
02/17/22		5,750.00	6,353.63	
03/28/22		0.01	0.01	
02/10/25	TOTALS:	0.01	-4.13	

ISSUE DATE:	02/10/22	REBATABLE ARBITRAGE:	-4.13	
COMP DATE:	02/10/25	NET INCOME:	0.01	
BOND YIELD:	3.377437%	TAX INV YIELD:	0.008944%	
$5,155,000
Saddle Creek Preserve of Polk County Community Development District (Polk County, Florida)
Special Assessment Bonds, Series 2022 Rebate Computation Credits

		ARBITRAGE REBATE CALCULATION DETAIL REPORT		
		
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.377437%)	
02/10/23		-1,960.00	-2,095.79	
02/10/24		-2,070.00	-2,140.50	
02/10/25	TOTALS:	-4,030.00	-4,236.29	

ISSUE DATE:	02/10/22	REBATABLE ARBITRAGE: -4,236.29 COMP DATE:	02/10/25
BOND YIELD: 3.377437%

Section VII

SECTl-"ON·C

Saddle Creek CDD Field Management Report | GMS 2024

Yellow Trail Sidewalk

Pool Repair

Saddle Creek CDD Field Management Report | GMS 2024

	

Saddle Creek CDD Field Management Report | GMS 2024

Saddle Creek CDD Field Management Report | GMS 2024

Saddle Creek CDD Field Management Report | GMS 2024

SECTION 1

SECTION (a)

Corporate (Orlando/ Polk County) 200 South F Street
Haines City, Florida 33844
Tampa
9513 US 92 East
Tampa, Florida 33610

(863) 422-5207
www.princeandsonsinc.com

Landscape Maintenance Proposal
ADDENDUM TO SADDLE CREEK

March 6, 2024
Saddle Creek CDD- FRONT AREA IN PHASE 2B
c/o Allen Bailey, Field Manager GMS- Central Florida
We sincerely appreciate the opportunity to propose how Prince and Sons can help enhance the quality of your landscape. Our proposal includes integrating a custom maintenance plan to meet the needs and demands of your property while considering service expectations and community budget.
We hereby propose the following for your review:

LANDSCAPE MAINTENANCE FOR COMMON GROUNDS

Service	Price Per Month	Price Per Year	
Landscape Maintenance	$600	$7,200	
Landscape Maintenance Program
Scope of Services

TURF CARE
Mowing	Rotary lawn mowers will be used with sufficient power to leave a neat, clean, and uncluttered appearance 42 times per calendar year (St. Augustine). It is anticipated that mowing services shall be provided weekly during the growing season April through September and every other week during the non-growing season or as needed October through March.
Bahia lake and pond banks will be mowed 32 times per year.
Trimming	Turf areas inaccessible to mowers, areas adjacent to buildings, trees, fences, etc. will be controlled by a string trimmer. When string trimming, a continuous cutting height will be maintained to prevent scalping.
Edging	All turf edges of walks, curbs, and driveways shall be performed every mowing (42 times per year). A soft edge of all bed areas will be performed every other mowing (21 times per year). A power edger will be used for this purpose. A string trimmer may be used only in areas not accessible to a power edger.

MISCELLANEOUS
Clean-Up	All non-turf areas will be cleaned with a backpack or street blower to remove debris created by landscaping process. All trash shall be picked up throughout the common areas before each mowing 42 times per year. Construction debris or similar trash is not included. Trash shall be disposed of offsite.

PRINCE AND SONS INC.		CUSTOMER (AUTHORIZED SIGNATURE)

	_	
Signature	Date	
Signature	Date	

Printed Name	Title	Printed Name	Title

	 '1,,,.	cc;·	

SECTION (b)

Corporate (Orlando/ Polk County) 200 South F Street
Haines City, Florida 33844
Tampa
9513 US 92 East
Tampa, Florida 33610

(863) 422-5207
www.princeandsonsinc.com

Landscape Maintenance Proposal
ADDENDUM TO SADDLE CREEK

April 11, 2024
Saddle Creek CDD- Pond Frequency c/o Allen Bailey, Field Manager GMS- Central Florida
We sincerely appreciate the opportunity to propose how Prince and Sons can help enhance the quality of your landscape. Our proposal includes integrating a custom maintenance plan to meet the needs and demands of your property while considering service expectations and community budget.
We hereby propose the following for your review:

LANDSCAPE MAINTENANCE FOR COMMON GROUNDS
Increased pond mowing to 32 cuts

Service	Price Per Month	Price Per Year	
Landscape Maintenance	$1,000	$12,000	

Landscape Maintenance Program
Scope of Services

TURF CARE
Mowing	Bahia lake and pond banks will be mowed 32 times per year.

PRINCE AND SONS INC.		CUSTOMER (AUTHORIZED SIGNATURE)

	_	
Signature	Date	
Signature	Date	

Printed Name	Title	Printed Name	Title

Pump Maintenance | Well Service & Maintenance | Interior Pest Control | Landscape Lighting | Fountains

SECTION (c)

200 S. F. Street Haines City, Florida 33844
Phone 863-422-5207 | Fax 863-422-1816	Polk County License # 214815

Date: February 29, 2024
SUBMITTED TO:	Job Name / Location:
Allen bailey	Saddle Creek Pool
Field Manager	All Beds
GMS Services
Phone: (407)841-5524
Email: abailey@gmscfl.com
Proposal to : Replace dead Sabal Palm In Pool Area , Install Plants and Mulch / Pine bark .							
Labor Is Included in Total			Qty	Unit	Unit Cost	TOTAL	
Replace Dead Sabal palm			1	8'10	$550.00	$550.00	
Box Wood			16	3gal	$20.00	$320.00	
Plumbego			24	3gal	$20.00	$480.00	
firebush			32	3gal	$20.00	$640.00	
Ginger Shell			8	3gal	$20.00	$160.00	
Xanadu			8	3gal	$20.00	$160.00	
Pine Bark			40	yrd	$45.00	$1,800.00	
			Total			$5,910.00	
The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money							

SECTION (d)

	Qty	Unit	Unit Cost	TOTAL	
Remove Dead Pines Along frontage , Dispose and grind Stumps	12		$700.00	$8,400.00	

Section D

SECTION 1

Summary of Check Register

March 1, 2024 to March 31, 2024

General Fund					
	3/6/24	334-337	$	6,900.00	
	3/14/24	338-340	$	6,208.39	
	3/20/24	341-345	$	12,238.85	
	3/22/24	346	$	16,991.12	
3/27/24	347-349
 $	1,340.00 
 $	43,678.36 

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/16/24	PAGE	1
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	SADDLE CREEK PRESERVE - GF
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

SUPERVISOR FEES-02/27/24
200.00

SCOTT SHAPIRO	200.00 000337
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11788	202402 330-57200-48200	*	625.00
CLEANING SVCS-FEB24
CLEAN STAR SERVICES OF CENTRAL FL	625.00 000338
-	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
94	202403 310-51300-34000	*	3,343.67
MANAGEMENT FEES-MAR24
94	202403 310-51300-35200	*	100.00
WEBSITE ADMIN-MAR24
94	202403 310-51300-35100	*	150.00
INFORMATION TECH-MAR24
94	202403 310-51300-31300	*	625.00
DISSEMINATION SVCS-MAR24
94	202403 310-51300-51000	*	3.01
OFFICE SUPPLIES-MAR24
94	202403 310-51300-42000	*	11.71
POSTAGE-MAR24
GOVERNMENTAL MANAGEMENT SERVICES	4,233.39 000339
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/14/24 00036	3/01/24 22209	202403 330-57200-48500	*	1,350.00
POOL MAINTENANCE-MAR24
MCDONNELL CORPORATION DBA	1,350.00 000340
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00042	2/08/24 31314	202402 330-57200-48100	*	120.00
PEST CONTROL-FEB24
ALL AMERICAN LAWN & TREE	120.00 000341
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00022	3/14/24 8952	202402 310-51300-31500	*	2,043.10
GENERAL COUNSEL-FEB24
KILINSKI | VAN WYK, PLLC	2,043.10 000342
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
SCPP SAD CREEK PRES CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/16/24	PAGE	2
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	SADDLE CREEK PRESERVE - GF
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/20/24 00047	3/15/24 2210014- 202402 310-51300-31100	*	1,448.75
ENGINEERING SVCS-FEB24
LANDMARK ENGINEERING & SURVEYING	1,448.75 000343
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00023	3/01/24 11827	202403 320-53800-46200	*	7,112.00
LANDSCAPE MAINT-MAR24
PRINCE & SONS INC.	7,112.00 000344
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00028	3/01/24 8146-B	202403 320-53800-46000	*	1,515.00 LAKE MAINTENANCE-MAR24
SITEX AQUATICS LLC	1,515.00 000345
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/22/24 00048	3/18/24 238125A	202403 320-53800-47500	*	16,991.12 LIFT STAT 50% DEPOSIT
AVERETT SEPTIC TANKS	16,991.12 000346
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/24 00042	3/13/24 32012	202403 330-57200-48100	*	120.00
PEST CONTROL-MAR24
ALL AMERICAN LAWN & TREE	120.00 000347
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/24 00043	3/25/24 7379-03- 202403 310-51300-31200	*	450.00
REBATE REPORT SERIES 2022
AMTEC	450.00 000348
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/27/24 00041	3/20/24 3579	202403 320-53800-47500	*	190.00
LIFT STAT MAINT-MAR24
3/21/24 3556	202403 320-53800-47500	*	435.00
LIFT STAT MAINT-03/05/24
3/21/24 3588	202403 320-53800-47500	*	145.00
LIFT STAT MAINT-03/08/24
CONSTA FLOW INC.	770.00 000349
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	43,678.36
TOTAL FOR REGISTER	43,678.36

SCPP SAD CREEK PRES CWRIGHT

Section 2

Saddle Creek Preserve
Community Development District

Unaudited Financial Reporting
March 31, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Series 2020 Debt Service Fund	

5	
	Series 2022 Debt Service Fund	

6	
	Series 2020 Capital Projects Fund	

7	
	Series 2022 Capital Projects Fund	

8	
	Capital Reserve Fund	

9-10	
	Month to Month	

11	
	Long Term Debt Report	

12	
	Assessment Receipt Schedule	
Saddle Creek Preserve
Community Development District Combined Balance Sheet
March 31, 2024

Assets:
Cash:
Operating Account Capital Projects Account
Series 2020 Reserve Revenue Construction
Series 2022 Reserve Revenue Construction
Prepaid Expenses
Due from General Fund

$	676,251	$
$	-	$

$	-	$
$	-	$
$	-	$

$	-	$
$	-	$
$	-	$
$	14,655	$
$	-	$

$
$

156,750	$
343,690	$
$

143,826	$
298,666	$
$
$
6,075	$

$
469	$

$
$
2	$

$
$
22,800	$
$
$

676,251
469

156,750
343,690
2

143,826
298,666
22,800
14,655
6,075

Total Assets	$	690,905	$	949,007	$	23,270	$	1,663,182			
Liabilities:					
Accounts Payable	$	12,935	$	-	$	-	$	12,935			
Due to Debt Service	$	6,075	$	-	$	-	$	6,075			
Total Liabilities	$	19,009	$	-	$	-	$	19,009			

Fund Balances:					
Nonspendable					
Deposits & Prepaid Items	$	14,655	$	-	$	-	$	14,655	
Restricted for:					
Debt Service - Series 2020	$	-	$	503,606	$	-	$	503,606			
Debt Service - Series 2022	$	-	$	445,401	$	-	$	445,401			
Capital Projects - Series 2020	$	-	$	-	$	471	$	471			
Capital Projects - Series 2022	$	-	$	-	$	22,800	$	22,800			
Unassigned	$	657,241	$	-	$	-	$	657,241			
Total Fund Balances	$	671,896	$	949,007	$	23,270	$	1,644,173	
					
Total Liabilities & Fund Balance	$	690,905	$	949,007	$	23,270	$	1,663,182	
Saddle Creek Preserve
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues					
Assessments - On Roll	$	604,543	$	604,543	$	606,962	$	2,420	
Total Revenues	$	604,543	$	604,543	$	606,962	$	2,420	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	7,200	$	3,600	$	1,800	$	1,800	
Engineer Fees	$	15,000	$	7,500	$	3,784	$	3,716	
Dissemination Fees	$	25,000	$	3,750	$	3,750	$	-	
Assessment Administration	$	7,500	$	5,300	$	5,300	$	-	
Arbitrage	$	5,300	$	2,250	$	2,250	$	-	
Attorney Fees	$	7,500	$	3,750	$	6,144	$	(2,394)	
Audit Fees	$	900	$	900	$	3,500	$	(2,600)	
Trustee Fees	$	8,082	$	8,082	$	8,081	$	1	
Management Fees	$	40,124	$	20,062	$	20,062	$	-	
Information Technology	$	1,800	$	900	$	900	$	-	
Website Maintenance	$	1,200	$	600	$	600	$	-	
Postage & Delivery	$	500	$	250	$	574	$	(324)	
Insurance	$	6,397	$	6,397	$	5,758	$	639	
Copies	$	500	$	250	$	7	$	243	
Legal Advertising	$	3,500	$	1,750	$	1,035	$	715	
Other Current Charges	$	1,000	$	500	$	275	$	225	
Office Supplies	$	100	$	50	$	12	$	38	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative:	$	131,778	$	66,066	$	64,006	$	2,060	
Saddle Creek Preserve
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Operations and Maintenance					
Field Expenditures					
Property Insurance	$	10,000	$	10,000	$	11,314	$	(1,314)	
Field Management	$	16,695	$	8,348	$	8,348	$	-	
Landscape Maintenance	$	90,000	$	45,000	$	36,672	$	8,328	
Landscape Replacement	$	25,000	$	12,500	$	-	$	12,500	
Mitigation Monitoring	$	25,000	$	12,500	$	-	$	12,500	
Lake Maintenance	$	13,200	$	6,600	$	8,260	$	(1,660)	
Streetlights	$	45,000	$	22,500	$	10,444	$	12,056	
Electric	$	5,000	$	2,500	$	2,088	$	412	
Water & Sewer	$	1,000	$	500	$	614	$	(114)	
Sidewalk & Asphalt Maintenance	$	2,500	$	1,250	$	-	$	1,250	
Irrigation Repairs	$	7,500	$	3,750	$	1,360	$	2,390	
Lift Station Maintenance	$	35,000	$	17,500	$	44,448	$	(26,948)	
General Repairs & Maintenance	$	10,000	$	5,000	$	-	$	5,000	
Contingency	$	10,000	$	5,000	$	1,319	$	3,681	
Subtotal Field Expenditures	$	295,895	$	152,948	$	124,866	$	28,081	

Amenity Expenditures					
Amenity - Electric	$	14,400	$	7,200	$	-	$	7,200	
Amenity - Water	$	5,000	$	2,500	$	-	$	2,500	
Internet	$	1,082	$	541	$	620	$	(79)	
Pest Control	$	1,280	$	640	$	720	$	(80)	
Janitorial Service	$	10,200	$	5,100	$	3,750	$	1,350	
Security Services	$	15,000	$	7,500	$	-	$	7,500	
Pool Maintenance	$	19,200	$	9,600	$	8,100	$	1,500	
Amenity Repairs & Maintenance	$	10,000	$	5,000	$	749	$	4,251	
Contingency	$	10,000	$	5,000
$	-	$	631	$	4,369	
Subtotal Amenity Expenditures	$	86,162	$	43,081	$	14,570	$	28,511	
					
Total Expenditures	$	513,835	$	262,095	$	203,442	$	58,653	
					
Excess (Deficiency) of Revenues over Expenditures	$	90,708		$	403,520		

Other Financing Sources /(Uses)					
Transfer In (Out)	$	(90,708)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(90,708)		$	-		
					
Net Change in Fund Balance	$	-		$	403,520		
					
Fund Balance - Beginning	$	-		$	268,376		
					
Fund Balance - Ending	$	-		$	671,896		
Saddle Creek Preserve
Community Development District Debt Service Fund - Series 2020
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues					
Assessments - Tax Roll	$	313,500	$	313,500	$	314,885	$	1,385	
Interest	$	-	$	-	$	7,484	$	7,484	
Total Revenues	$	313,500	$	313,500	$	322,368	$	8,868	

Expenditures:					
Interest Expense - 12/15	$	98,388	$	98,388	$	98,388	$	-	
Principal Expense - 6/15	$	115,000	$	-	$	-	$	-	
Interest Expense - 6/15	$	98,388	$	-	$	-	$	-	
Total Expenditures	$	311,775	$	98,388	$	98,388	$	-	

Saddle Creek Preserve
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

	Adopted	Prorated Budget	Actual							
	Budget	Thru 03/31/24	Thru 03/31/24	Variance							

Revenues									
Assessments - Direct	$	287,653	$	287,653	$	289,275	$	1,622							
Interest	$	-	$	-	$	5,962	$	5,962							
Total Revenues	$	287,653	$	287,653	$	295,237	$	7,584							

Expenditures:
Interest Expense - 12/15	

$	88,808	

$	88,808	$	88,808	$	-							
Principal Expense - 12/15	$	110,000	$	110,000	$	110,000	$	-							
Interest Expense - 6/15	$	87,364	$	-	$	-	$	-							
Total Expenditures	$	286,171	$	198,808	$	198,808	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	1,482	$	-	$	96,429	$	7,584	
									
Fund Balance - Beginning	$	206,054	$	-	$	348,972	$	-	
									
Fund Balance - Ending	$	207,536	$	-	$	445,401	$	-	
Saddle Creek Preserve
Community Development District Capital Projects Fund - Series 2020
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

Adopted	Prorated Budget	Actual		
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues

Interest	

$	

-	$	

-	$	0	

$	0	
Total Revenues	$	-	$	-	$	0	$	0	

Expenditures:

Miscellaneous Expense	

$	

-	$	

-	$	240	

$	(240)	
Total Expenditures	$	-	$	-	$	240	$	(240)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(240)		
					
Fund Balance - Beginning	$	-	$	711		
					
Fund Balance - Ending	$	-	$	471		
Saddle Creek Preserve
Community Development District Capital Projects Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

Adopted	Prorated Budget	Actual		
Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues					
Interest	$	-	$	-	$	601	$	601	
Total Revenues	$	-	$	-	$	601	$	601	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	219	

$	(219)	
Total Expenditures	$	-	$	-	$	219	$	(219)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	382		
					
Net Change in Fund Balance	$	-	$	382		
					
Fund Balance - Beginning	$	-	$	22,417		
					
Fund Balance - Ending	$	-	$	22,800		
Saddle Creek Preserve
Community Development District Capital Reserve
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending March 31, 2024

	Adopted	Prorated Budget	Actual	
	Budget	Thru 03/31/24	Thru 03/31/24	Variance	

Revenues

Interest Income	

$	-	

$	-	

$	-	$	-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:

Lift Station Improvements	

$	47,000	

$	23,500	

$	-	$	23,500	
Total Expenditures	$	47,000	$	23,500	$	-	$	23,500	
				
Excess (Deficiency) of Revenues over Expenditures	$	(47,000)	$	(23,500)	$	-	$	(23,500)	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	90,708	

$	45,354	

$	-	$	45,354	
Total Other Financing Sources/(Uses)	$	90,708	$	45,354	$	-	$	45,354	
				
Net Change in Fund Balance	$	43,708		$	-	
				
Fund Balance - Beginning	$	5,000		$	-	
				
Fund Balance - Ending	$	48,708		$	-	
Saddle Creek Preserve
Community Development District Month to Month
Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	
Revenues

Assessments - On Roll	$	-  $	1,877  $	598,983  $	1,582  $	4,521  $	

-  $	

-  $	

-  $	

-  $	

-  $	

-  $		

-  $	606,962	
Total Revenues	$	-	$	1,877  $	598,983  $	1,582  $	4,521  $	-	$	-	$	-	$	-	$	-	$	-	$		-	$	606,962	

Expenditures:								
General & Administrative:								
Supervisor Fees	$	600	$	-	$	-	$	600	$	600	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	1,800	
Engineer Fees	$	-	$	-	$	-	$	2,335	$	1,449	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	3,784	
Dissemination Fees	$	625	$	625	$	625	$	625	$	625	$	625	$	-  $	-  $	-  $	-  $	-  $	-  $	3,750	
Assessment Administration	$	5,300	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	5,300	
Arbitrage	$	1,800	$	-	$	-	$	-	$	-	$	450	$	-  $	-  $	-  $	-  $	-  $	-  $	2,250	
Attorney Fees	$	1,861	$	755	$	249	$	1,236	$	2,043	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	6,144	
Audit Fees	$	-	$	-	$	-	$	-	$	3,500	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	3,500	
Trustee Fees	$	-	$	5,724	$	-	$	-	$	-	$	2,357	$	-  $	-  $	-  $	-  $	-  $	-  $	8,081	
Management Fees	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	-  $	-  $	-  $	-  $	-  $	-  $	20,062	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	-  $	-  $	900	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	-  $	-  $	600	
Postage & Delivery	$	132	$	86	$	53	$	252	$	39	$	12	$	-  $	-  $	-  $	-  $	-  $	-  $	574	
Insurance	$	-	$	5,758	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	5,758	
Copies	$	-	$	-	$	-	$	-	$	7	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	7	
Legal Advertising	$	364	$	-	$	671	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	1,035	
Other Current Charges	$	39	$	39	$	76	$	39	$	42	$	41	$	-  $	-  $	-  $	-  $	-  $	-  $	275	
Office Supplies	$	0	$	4	$	1	$	0	$	3	$	3	$	-  $	-  $	-  $	-  $	-  $	-  $	12	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	175	
Subtotal General & Administrative:	$	14,489	$	16,585	$	5,268	$	8,682	$	11,901	$	7,082	$	-  $	-  $	-  $	-  $	-  $	-  $	64,006	
Saddle Creek Preserve
Community Development District Month to Month

Operations and Maintenance								
Field Expenditures								
Property Insurance	$	-	$	10,725	$	-	$	-	$	-	$	589	$	-  $	-  $	-  $	-  $	-  $	-  $	11,314	
Field Management	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	-  $	-  $	-  $	-  $	-  $	-  $	8,348	
Landscape Maintenance	$	5,912	$	5,912	$	5,912	$	5,912	$	5,912	$	7,112	$	-  $	-  $	-  $	-  $	-  $	-  $	36,672	
Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Mitigation Monitoring	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Lake Maintenance	$	1,100	$	1,100	$	1,515	$	1,515	$	1,515	$	1,515	$	-  $	-  $	-  $	-  $	-  $	-  $	8,260	
Streetlights	$	1,746	$	1,737	$	1,737	$	1,761	$	1,731	$	1,731	$	-  $	-  $	-  $	-  $	-  $	-  $	10,444	
Electric	$	323	$	304	$	386	$	388	$	335	$	352	$	-  $	-  $	-  $	-  $	-  $	-  $	2,088	
Water & Sewer	$	101	$	106	$	106	$	101	$	101	$	101	$	-  $	-  $	-  $	-  $	-  $	-  $	614	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Irrigation Repairs	$	1,141	$	220	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	1,360	
Lift Station Maintenance	$	1,584	$	2,803	$	7,414	$	3,724	$	8,534	$	20,389	$	-  $	-  $	-  $	-  $	-  $	-  $	44,448	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contingency	$	-	$	-	$	1,158	$	-	$	-	$	161	$	-  $	-  $	-  $	-  $	-  $	-  $	1,319	
Subtotal Field Expenditures	$	13,298	$	24,297	$	19,619	$	14,792	$	19,519	$	33,341	$	-  $	-  $	-  $	-  $	-  $	-  $	124,866	

Amenity Expenditures								
Amenity - Electric	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Amenity - Water	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Internet	$	103	$	103	$	103	$	103	$	103	$	105	$	-  $	-  $	-  $	-  $	-  $	-  $	620	
Pest Control	$	120	$	120	$	120	$	120	$	120	$	120	$	-  $	-  $	-  $	-  $	-  $	-  $	720	
Janitorial Service	$	625	$	625	$	625	$	625	$	625	$	625	$	-  $	-  $	-  $	-  $	-  $	-  $	3,750	
Amenity Access	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Security Services	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Pool Maintenance	$	1,350	$	1,350	$	1,350	$	1,350	$	1,350	$	1,350	$	-  $	-  $	-  $	-  $	-  $	-  $	8,100	
Amenity Repairs & Maintenance	$	749	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	749	
Contingency	$	-	$	631	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	631	
Subtotal Amenity Expenditures	$	2,947	$	2,829	$	2,198	$	2,198	$	2,198	$	2,200	$	-  $	-  $	-  $	-  $	-  $	-  $	14,570	
								
Total Expenditures	$	30,734	$	43,710	$	27,085	$	25,672	$	33,618	$	42,623	$	-  $	-  $	-  $	-  $	-  $	-  $	203,442	
								
Excess (Deficiency) of Revenues over Expenditures	$	(30,734)	$	(41,833)	$	571,898	$	(24,090)	$	(29,097)	$	(42,623)	$	-	$	-	$	-	$	-	$	-	$	-	$	403,520	

Other Financing Sources/(Uses)								
Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	
								
Net Change in Fund Balance	$	(30,734)	$	(41,833)	$	571,898	$	(24,090)	$	(29,097)	$	(42,623)	$	-  $	-  $	-  $	-  $	-  $	-  $	403,520	
Saddle Creek Preserve
Community Development District Long Term Debt Report

	Series 2020, Special Assessment Revenue Bonds		
Interest Rate:	2.500%, 3.000%, 4.000%, 4.000%		
Maturity Date:	6/15/2050		
Reserve Fund Definition	50% Maximum Annual Debt Service		
Reserve Fund Requirement	$156,750		
Reserve Fund Balance	$156,750		
Bonds Outstanding - 10/06/2020		$5,500,000	
Less: Principal Payment - 6/15/21		($105,000)	
Less: Principal Payment - 6/15/22		($110,000)	
Less: Principal Payment - 6/15/23		($115,000)	
Current Bonds Outstanding		$5,170,000	

	Series 2022, Special Assessment Revenue Bonds		
Interest Rate:	2.625%, 3.100%, 3.350%, 4.000%		
Maturity Date:	12/15/2051		
Reserve Fund Definition	50% Maximum Annual Debt Service		
Reserve Fund Requirement	$143,826		
Reserve Fund Balance	$143,826		
Bonds Outstanding - 02/10/2022		$5,155,000	
Less: Principal Payment - 12/15/22		($130,000)	
Less: Principal Payment - 12/15/23		($110,000)	
Current Bonds Outstanding	$4,915,000		
Saddle Creek Preserve
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

	Gross Assessments	$	650,046.00	$	337,236.00	$	309,808.00	$	1,297,090.00															
	Net Assessments	$	604,542.78	$	313,629.48	$	288,121.44	$	1,206,293.70															
		50%	26%	24%	100%															
Date	Distribution	Gross Amount	Discount/Penalty	Commission	Interest	Net Receipts	General Fund	2020 Debt Service	2022 Debt Service	Total										

11/10/23	
10/13-10/14/23	
$	850.30	
$	(44.64)	
$	(16.11)	
$	-	
$	789.55	
$	395.69	
$	205.28	
$	188.58	
$	789.55										
11/17/23	11/01-11/05/23	$	3,141.52	$	(125.67)	$	(60.32)	$	-	$	2,955.53	$	1,481.19	$	768.42	$	705.92	$	2,955.53										
12/8/23	11/13-11/22/23	$	18,045.12	$	(721.81)	$	(346.47)	$	-	$	16,976.84	$	8,508.07	$	4,413.88	$	4,054.89	$	16,976.84										
12/21/23	11/23-11/30/23	$  1,248,433.68	$ (49,934.53)	$	(23,969.98)	$	-	$	1,174,529.17	$	588,623.76	$	305,370.88	$	280,534.53	$	1,174,529.17										
12/29/23	12/1-12/15/23	$	3,885.13	$	(116.54)	$	(75.37)	$	-	$	3,693.22	$	1,850.88	$	960.22	$	882.12	$	3,693.22										
1/16/24	10/01-12/31/23	$	-	$	-	$	-	$	3,156.82	$	3,156.82	$	1,582.06	$	820.76	$	754.00	$	3,156.82	
2/9/24	1/1-1/31/24	$	9,424.56	$	(219.88)	$	(184.09)	$	-	$	9,020.59	$	4,520.73	$	2,345.30	$	2,154.55	$	9,020.58											
Total	$	1,283,780.31	$	(51,163.07)	$	(24,652.34)	$	3,156.82	$	1,211,121.72	$	606,962.38	$	314,884.74	$	289,274.59	$	1,211,121.71