Highland Meadows West Community Development District
Meeting Agenda August 18, 2022

Highland Meadows West
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

August 11, 2022

Dear Board Members:

A meeting of the Board of Supervisors of the Highland Meadows West Community Development District will be held Thursday, August 18, 2022 at 10:30 AM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880

Those members of the public wishing to attend the meeting can do so using the information below:

Zoom Video Link: https://us06web.zoom.us/j/82716545053

Call-In Information: 1-646-876-9923
Meeting ID: 827 1654 5053

Following is the advance agenda for the meeting:

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Organizational Matters
Acceptance of Resignation from Justin Frye
Appointment to Fill the Vacant Board Seat #5
Administration of Oath to Newly Appointed Supervisor
Consideration of Resolution 2022-08 Electing Officers
Approval of Minutes of the May 18, 2022 Board of Supervisors Meetings
Public Hearings
Public Hearing on the Adoption of the Fiscal Year 2023 Budget
Consideration of Resolution 2022-09 Adopting the District’s Fiscal Year 2023 Budget and Appropriating Funds

1 Comments will be limited to three (3) minutes
Public Hearing on the Imposition of Operations and Maintenance Special Assessments
Consideration of Resolution 2022-10 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Resolution 2022-11 Designation of a Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2023
Consideration of Resolution 2022-12 Designating a Date, Time, and Location for a Landowners’ Meeting and Election
Consideration of Series 2019 Arbitrage Rebate Report
Presentation of Fiscal Year 2021 Audit Report
Staff Reports
Attorney
Engineer
Ratification of Stormwater Management Analysis Report
Field Manager’s Report
Consideration of Sod Gap Proposals
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

Section III

Section A
All,

Please consider this notice of my, Justin Frye, resignation from all CDD Boards in which I currently hold a position.

Thanks, Justin K. Frye

Section D
RESOLUTION 2022-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Highland Meadows West Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within the City of Haines City, Florida and unincorporated Polk County, Florida; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the Board of Supervisors (“Board”), shall organize by electing one of its members as Chairperson and by electing a Secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT:

District Officers.  The District officers are as follows:

	 is appointed Chairperson.
	 is appointed Vice-Chairperson.
	 is appointed Secretary.
	 is appointed Assistant Secretary.
	 is appointed Assistant Secretary.
	 is appointed Assistant Secretary.
	 is appointed Assistant Secretary.

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

Effective  Date.	This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 18th day of August 2022.

ATTEST:
HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary
Chairperson, Board of Supervisors

MINUTES
MINUTES OF MEETING HIGHLAND MEADOWS WEST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Highland Meadows West Community Development District was held on Wednesday, May 18, 2022 at 2:46 p.m. at The Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Patrick Marone	Chairman
Bobbie Henley	Vice Chairman
Andrew Rhinehart	Assistant Secretary Also, present were:
Jill Burns	District Manager, GMS
Roy Van Wyk by Zoom	KE Law Group
Marshall Tindall	GMS
Rey Malave	Dewberry
Lisa Kelley	Dewberry
Lindsey Roden	Nominated to the Board
Jessica Kowalski	Nominated to the Board
Daniel Arnette	Nominated to the Board
Justin Frye	Nominated to the Board

The following is a summary of the discussions and actions taken at the May 18, 2022 Highland Meadows West Community Development District’s Board of Supervisors Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and stated that three Supervisors attended the meeting, constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated that there were no public comments at this time, and the next item followed.
THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignations from Christine Aviles and Keaton Alexander

Ms. Burns stated that they had received two letters of resignation from Christine Aviles and Keaton Alexander. She asked for motion to accept both letters of resignation.

Appointments to Fill the Vacant Board Seats
Ms. Burns stated that there were two vacancies on the Board. She noted that the first was seat 3 that Keaton Alexander previously held. That seat has a term until 2024. She asked if they had a nomination to name someone to that seat.

Administration of Oaths of Newly Appointed Supervisors
Ms. Burns swore in newly appointed Supervisors Lindsey Roden and Jessica Kowalski. Mr. Marone stated that he would like to offer his resignation. Ms. Burns asked for motion of approval.

Ms. Burns stated that leaves a vacancy on the Board and asked if there was a nomination to fill the vacancy. Mr. Rhinehart nominated Justin Frye.

Ms. Burns swore in the newly appointed Supervisor Justin Frye. Mr. Rhinehart stated that he would like to submit his resignation to the Board. Ms. Burns asked for motion of approval.

Daniel Arnette was nominated to fill the vacant seat. Ms. Burns swore him into office. Ms.
Burns stated that she would address the Sunshine Law update at the end of the meeting.

Consideration of Resolution 2022-04 Appointing Assistant Secretaries
This item was not needed.

Consideration of Resolution 2022-05 Electing Officers
Ms. Burns stated that they needed to redo all the officers and that they needed to appoint a Chair, Vice Chair, and three Supervisors as Assistant Secretaries. Justin Frye nominated himself to be Chairman. Bobbie Henley was nominated as Vice Chair. Jessica Kowalski, Lindsey Roden, and Daniel Arnette were nominated as Assistant Secretaries. She noted that the other officers would remain the same. Jill Burns as Secretary, George Flint as an Assistant Secretary, and Katie Neale is Treasurer.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the January 20,
2022 Board of Supervisors Meeting
Ms. Burns asked for any questions, comments, or corrections on the January 20, 2022.
There being none, she asked for a motion of approval.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-06
Approving the Proposed Fiscal Year 2022/2023 Budget (Suggested Date: August 18, 2022), Declaring Special Assessments, and Setting the Public Hearings on the Fiscal Year 2022/2023 Budget and Imposition of Operations and Maintenance Assessments
Ms. Burns stated that Resolution 2022-06 was included in the package and the date suggested was August 18th at the regular meeting time on Thursdays at 10:30 a.m. at the Holiday Inn. She noted that the budget was included in their package. She noted that all 442 lots were assessed and collected on roll last year. She stated that there were a few changes to the budget. The overall admin portion went down from the current year. They were able to decrease the legal advertising now that they don’t have to do an ad for every single meeting.
Ms. Burns stated that the next change was for the field expenses. She stated that this District has an Interlocal Amenity Agreement with Davenport Road South CDD, so all the residents in this District use the facility in Davenport Road South. She noted that Davenport Road South adopts a budget and then this District pays a prorated portion of all the amenity items for that budget. She noted that the increase to the Interlocal Amenity Agreement was going up about $15,000. She stated that the reason for that increase was because Davenport Road South has had a lot of vandalism issues and issues at the pool, so they added security for the upcoming year to be able to staff that pool on a limited basis to hopefully take care of some of the problems. She noted that the total amount of that was about $33,000 and the $15,000 is basically this District’s share of that.
Ms. Henley asked if the security would be shared with other communities. Ms. Burns stated that the security was working only at the Davenport Road South facility, but the residents in this District use that facility and the way the interlocal agreement works is that it is based on the per lot split. She noted that it was based on the number of platted lots within each community.

Ms. Burns stated that the other increase was landscape replacement. She noted that it was
$7,500 for this year. They have increased that to $18,000 to be able to account for one-time mulch and some plant replacements now that the community was starting to age a little bit. She noted that other than that, the only other change was an increase to the capital reserves. She stated that they only had $5,000 set aside. She stated that this District owns the roads within the community, so they needed to start building long-term reserves, so that when they need to repave the roads, that would be more of a sufficient line item for going forward.
Ms. Burns stated that the current year assessment was $890.94. She noted that this budget would be $1,057.59 per unit, which is an increase of $166.65 per unit. She stated that the majority of that was the capital reserve, and their portions of security. Those were really the major changes. She stated that this sets their cap amount, and they would send mailed notice to all 442 owners to notify them that there was a proposed increase of $166.65 on their annual O&M assessment. She noted that then the owners would have the option to come to the public hearing in August and they will be able to provide input to the Board. Based on any comments that the owners may have, the Board could reduce it from there, but they wouldn’t be able to go higher. She asked for any questions or changes to the budget. Hearing none,

SIXTH ORDER OF BUSINESS	Consideration	of	Arbitrage	Rebate
Reports
Series 2020A Assessment Area 2 Project
Series 2020A Assessment Area 3 Project
Ms. Burns stated that this was a report that was required by the Trust Indenture under internal revenue code. The District has to demonstrate that it does not earn more interest than it pays. She referenced page 4 of each of those reports and stated that was where they would note the negative arbitrage amounts showing that they do not earn more interest than they pay.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-07
Authorizing	the	Use	of	Electronic Documents and Signatures
Ms. Burns noted that this would allow the District to utilize DocuSign for the majority of the Districts resolutions and agreements.

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Van Wyk had nothing further for the Board.

Engineer
Ratification of Stormwater Management Analysis Proposal
Mr. Malave stated that the report was almost complete and that he should have it within the next two or three weeks. Ms. Burns stated that Rennie signed off on the proposal outside of the meeting due to the timing that it is due by June 30, 2022.

Mr. Arnette asked Mr. Malave when these were due. Mr. Malave and Ms. Burns responded that they were due June 30, 2022 to the county. Mr. Malave stated that they were going to be putting them all together and send them all in at the same time to each of the counties. He stated that he would have a draft to them in a couple of weeks so that they could look over it.

Field Manager’s Report

Mr. Tindall stated that there were a couple of minor things that they needed to look at in the future, but nothing that has to be addressed at this meeting. The first thing he addressed was the parking signs installed at the mailboxes and the signs at the community entrances. The next thing to discuss was the Tract A access with the fence and housing in place, which was restricting access to Tract A. He mentioned making plans with the developer and the builders to put a land bridge down the wall. He stated that they would need to put some proposals together for the next meeting to consider that as an option.
Ms. Burns asked where they were getting in before and asked if it was in the area of the home before the home was there. Mr. Tindall stated yes. Mr. Van Wyk asked if they had an easement on that parcel of land. Mr. Malave stated yes, they had an easement. Mr. Van Wyk and Mr. Malave suggested that they should make them put in a gate. Mr. Malave asked if they could show them where they were going to put the gate.

District Manager’s Report
Approval of Check Register
Ms. Burns stated the check register was included in the agenda. The total is $16,842.33 from April 11th to May 10th.

Balance Sheet and Income Statement
Ms. Burns stated the financials were included in the agenda package for the Board’s review through March 31st and no action needed to be taken.

Presentation of Number of Registered Voters – 331
Ms. Burns stated that they were required to determine the number of registered voters as of April 15 of each year. She stated that the total number of registered voters in Highland Meadows West was 331. She noted that the reason why they were required to determine that number was because if the District has been established for at least six years and has at least 250 registered voters, then that starts the threshold for turnover to residents. She noted that this District was

established on July 10th of 2018. She stated that they had tripped the threshold of 250, but they had not tripped the threshold of being established at least six years.

NINTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Supervisors Requests and Audience
Comments
There being none, the next item followed.

ELEVENTH ORDER OF BUSINESS	Adjournment
The meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

Section A

Section 1
RESOLUTION 2022-09

THE ANNUAL APPROPRIATION RESOLUTION OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2022, submitted to the Board of Supervisors (“Board”) of the Highland Meadows West Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.
The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Highland Meadows West Community Development District for the Fiscal Year Ending September 30, 2023.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2022/2023, the sum of $	 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$		
SERIES 2019 DEBT SERVICE FUND	$		
SERIES 2020 A2 DEBT SERVICE FUND	$		
SERIES 2020 A3 DEBT SERVICE FUND	$		
CAPITAL RESERVE FUND	$		
TOTAL ALL FUNDS	$		

SECTION 3.	BUDGET AMENDMENTS			

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2022/2023 or within 60 days following the end of the Fiscal Year 2022/2023 may amend its Adopted Budget for that fiscal year as follows:
A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 18TH DAY OF AUGUST 2022.

ATTEST:	HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary
By:	 Its:	

Highland Meadows West
Community Development District

Proposed Budget
FY2023

6M3

Table of Contents

1-2	General Fund	

3-6	

General Fund Narrative	

7	

Series 2019 Debt Service Fund	

8-9	

Series 2019 Amortization Schedule	

10	

Series 2020 A2 Debt Service Fund	

11-12	

Series 2020 A2 Amortization Schedule	

13	

Series 2020 A3 Debt Service Fund	

14-15	

Series 2020 A3 Amortization Schedule	

16	

Capital Reserve Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Revenues

Assessments - Tax Roll	$	366,228	$	365,768	$	460	$	366,228	$	435,770			
Other Revenue	$	-	$	240	$	-	$	240	$	-			
Total Revenues	$	366,228	$	366,008	$	460	$	366,468	$	435,770			

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,200	
$	3,000	
$	6,200	
$	12,000	
Engineering	$	20,000	$	1,080	$	5,000	$	6,080	$	15,000	
District Counsel	$	20,000	$	3,962	$	5,000	$	8,962	$	20,000	
Annual Audit	$	6,000	$	5,500	$	-	$	5,500	$	6,100	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Arbitrage	$	900	$	900	$	-	$	900	$	900	
Dissemination	$	10,000	$	7,500	$	2,500	$	10,000	$	6,000	
Trustee Fees	$	7,147	$	10,438	$	-	$	10,438	$	10,438	
Management Fees	$	36,050	$	27,038	$	9,013	$	36,050	$	37,853	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,200	
Postage & Delivery	$	500	$	-	$	125	$	125	$	950	
Office Supplies	$	1,000	$	811	$	250	$	1,061	$	1,000	
Telephone	$	250	$	12	$	-	$	12	$	-	
Copies	$	1,000	$	24	$	250	$	274	$	500	
Insurance	$	5,700	$	5,570	$	-	$	5,570	$	6,684	
Legal Advertising	$	10,000	$	1,294	$	2,500	$	3,794	$	2,500	
Other Current Charges	$	2,500	$	347	$	625	$	972	$	972	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal Administrative	$	141,222	$	75,100	$	29,012	$	104,113	$	129,072	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		

Operations & Maintenance						
Property Insurance	$	6,000	$	1,838	$	-	$	1,838	$	2,206	
Field Management	$	7,500	$	5,625	$	1,875	$	7,500	$	7,875	
Interlocal Amenity Agreement	$	77,147	$	77,147	$	-	$	77,147	$	92,626	
Playground Lease	$	30,000	$	22,300	$	7,433	$	29,733	$	30,000	
Landscape Maintenance	$	51,334	$	38,508	$	12,836	$	51,344	$	53,911	
Landscape Replacement	$	7,500	$	-	$	7,500	$	7,500	$	18,000	
Streetlights	$	18,000	$	12,957	$	4,500	$	17,457	$	19,800	
Electric	$	3,600	$	3,113	$	1,035	$	4,148	$	5,280	
Water & Sewer	$	1,000	$	-	$	1,000	$	1,000	$	1,000	
Sidewalk & Asphalt Maintenace	$	-	$	-	$	-	$	-	$	2,500	
Irrigation Repairs	$	3,500	$	797	$	875	$	1,672	$	6,000	
General Repairs & Maintenance	$	9,000	$	5,393	$	2,250	$	7,643	$	10,000	
Contingency	$	5,425	$	166	$	1,356	$	1,522	$	7,500	
Subtotal Operations & Maintenance	$	220,006	$	167,844	$	40,661	$	208,505	$	256,698	

Other Expenses						
Capital Reserves	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
Total Other Expenses	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
						
Total Expenditures	$	366,228	$	242,944	$	74,673	$	317,617	$	435,770	
						
Excess Revenues/(Expenditures)	$	-	$	123,064	$	(74,213)	$	48,851	$	-	

Net Assessments	
$435,770					
Add: Discounts & Collections 7%		$32,800 					
Gross Assessments		$468,570 					
Assessable Units	442					
Per Unit Gross Assessment		$1,060.11 					

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer, Dewberry Engineering, will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

District Counsel

The District's legal counsel, KE law Group, will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with Carr, Riggs & Ingram, LLC for these services.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC, to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2019, Series 2020 A2 & Series 2020 A3 bonds.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2019, Series 2020 A2 and Series 2020 A3 bonds. Governmental Management Services-Central Florida, LLC, provides these services.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Governmental Management Services-Central Florida, LLC, provides these services.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.
Governmental Management Services-Central Florida, LLC, provides these services.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Represents the costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. These services are provided by Governmental Management Services-Central Florida, LLC. Services provided include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Interlocal Amenity Agreement

The District has entered into an Interlocal Agreement with Davenport Road South Community Development District (CDD) for the use of their amenity facilities. This cost is based on 52% of the overall amenity budget of Davenport Road South CDD.

Playground Lease

The District has entered into a leasing agreement for playgrounds installed in the community with Navitas.

Landscape Maintenance

Represents the maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Prince & Sons, Inc. to provide these services.

Description	Monthly	Annually	
Maintenance

Total	$4,278.67	$51,344	
		$51,344	

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain streetlights currently in place within the District Boundaries.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.
Proposed Budget
Series 2019 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		

Revenues						
Assessments	$	322,524	$	322,117	$	407	$	322,524	$	322,524	
Interest Income	$	-	$	107	$	-	$	107	$	-	
Carry Forward Surplus	$	216,005	$	216,010	$	-	$	216,010	$	222,303	
Total Revenues	$	538,529	$	538,234	$	407	$	538,641	$	544,827	

Expenses						
Interest - 11/1	$	116,519	$	116,519	$	-	$	116,519	$	114,819	
Principal - 11/1	$	85,000	$	85,000	$	-	$	85,000	$	90,000	
Interest - 5/1	$	114,819	$	114,819	$	-	$	114,819	$	113,019	
Total Expenditures	$	316,338	$	316,338	$	-	$	316,338	$	317,838	
						
Excess Revenues/(Expenditures)	$	222,191	$	221,897	$	407	$	222,303	$	226,990	

Interest Expense 11/1/23	
$	113,019					
Principal Expense 11/1/23	$	90,000					
Total	$	203,019					
Series 2019 Special Assessment Bonds Amortization Schedule

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
	Series	2019 Special Assessment Amortization Schedule	Bonds			
Date		Balance	Prinicpal	Interest	Total	

05/01/48	
$	
595,000.00	
$	-	
$	14,875.00		
11/01/48	$	595,000.00	$	290,000.00	$	14,875.00	$	319,750.00	
05/01/49	$	305,000.00	$	-	$	7,625.00		
11/01/49	$	305,000.00	$	305,000.00	$	7,625.00	$	320,250.00	
			$	4,780,000.00	$	3,999,756.25	$	8,894,575.00	
Highland Meadows West Community Development District Proposed Budget
Series 2020 A2 Debt Service Fund

Revenues

Assessments Interest Income
Carry Forward Surplus
$	157,625	$
$	-	$
$	57,730	$
157,426	$
41	$
136,461	$
199	$
$
$
157,625	$
41	$
136,461	$
157,625
60,499

Expenses

Interest - 11/1 Principal - 5/1 Interest - 5/1
$	49,950	$
$	55,000	$
$	49,950	$
49,950	$
55,000	$
49,950	$
-	$	49,950	$
-	$	55,000	$
-	$	49,950	$
49,159
60,000
49,159

Other Financing Sources

Transfer In/(Out)
$	-	$
(78,728)  $
-	$	(78,728)  $	-

Interest Expense 11/1/23
Total
$	48,297

$	48,297

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-

Date		Balance	Prinicpal	Interest	Total	

05/01/47	
$	
570,000.00	
$	135,000.00	
$	11,400.00		
11/01/47	$	435,000.00	$	-	$	8,700.00	$	155,100.00	
05/01/48	$	435,000.00	$	140,000.00	$	8,700.00		
11/01/48	$	295,000.00	$	-	$	5,900.00	$	154,600.00	
05/01/49	$	295,000.00	$	145,000.00	$	5,900.00		
11/01/49	$	150,000.00	$	-	$	3,000.00	$	153,900.00	
05/01/50	$	150,000.00	$	150,000.00	$	3,000.00	$	153,000.00	
			$	2,660,000.00	$	1,723,631.25	$	4,488,581.25	
Proposed Budget
Series 2020 A3 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		

Revenues						
Assessments	$	55,775	$	55,705	$	70	$	55,775	$	55,775	
Interest Income	$	-	$	15	$	-	$	15	$	-	
Carry Forward Surplus	$	20,308	$	48,195	$	-	$	48,195	$	21,680	
Total Revenues	$	76,083	$	103,914	$	70	$	103,985	$	77,455	

Expenses						
Interest - 11/1	$	17,209	$	17,209	$	-	$	17,209	$	16,922	
Principal - 5/1	$	20,000	$	20,000	$	-	$	20,000	$	20,000	
Interest - 5/1	$	17,209	$	17,209	$	-	$	17,209	$	16,922	
Total Expenditures	$	54,419	$	54,418	$	-	$	54,418	$	53,844	

Other Financing Sources						
Transfer In/(Out)	$	-	$	(27,886)	$	-	$	(27,886)	$	-	
Total Other Financing Sources (Uses)	$	-	$	(27,886)	$	-	$	(27,886)	$	-	
						
Excess Revenues/(Expenditures)	$	21,664	$	21,610	$	70	$	21,680	$	23,611	

Interest Expense 11/1/23
Total
$	16,634

$	16,634

Series 2020 A3 Special Assessment Bonds Amortization Schedule

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
Series 2020 A3 Special Assessment Bonds Amortization Schedule

Date		Balance	Prinicpal	Interest		Total	

05/01/47	
$	
195,000.00	
$	45,000.00	
$	3,900.00			
11/01/47	$	150,000.00	$	-	$	3,000.00	$	51,900.00	
05/01/48	$	150,000.00	$	50,000.00	$	3,000.00			
11/01/48	$	100,000.00	$	-	$	2,000.00	$	55,000.00	
05/01/49	$	100,000.00	$	50,000.00	$	2,000.00			
11/01/49	$	50,000.00	$	-	$	1,000.00	$	53,000.00	
05/01/50	$	50,000.00	$	50,000.00	$	1,000.00	$	51,000.00	
			$	915,000.00	$	595,137.50	$	1,547,346.88	
Highland Meadows West Community Development District Proposed Budget
Capital Reserve Fund

Revenues

Interest
Carry Forward Surplus
$	-	$
$	-	$
-	$	-	$
-	$	-	$
-	$	-
-	$	5,000

Expenditures

Capital Outlay Bollard Lights
$	-	$
$	-	$
-	$	-	$
-	$	-	$
-	$	-
-	$	10,000

Other Financing Sources/(Uses)

Transfer In/(Out)	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
Total Other Financing Sources/(Uses)	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
					
Excess Revenues/(Expenditures)	$	5,000	$	-	$	5,000	$	5,000	$	45,000	

Section B

Section 1
RESOLUTION 2022-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2022/2023; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Highland Meadows West Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and
WHEREAS, the District is located in Polk County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”), attached hereto as Exhibit “A” and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and
WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2022/2023; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Highland Meadows West Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits “A” and “B,” is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special
assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. 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.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
PASSED AND ADOPTED this 18TH day of August 2022.
ATTEST:	HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary
By:	 Its:		

Exhibit A:	Budget
Exhibit B:	Assessment Roll

Highland Meadows West
Community Development District

Proposed Budget
FY2023

6M3

Table of Contents

1-2	General Fund	

3-6	

General Fund Narrative	

7	

Series 2019 Debt Service Fund	

8-9	

Series 2019 Amortization Schedule	

10	

Series 2020 A2 Debt Service Fund	

11-12	

Series 2020 A2 Amortization Schedule	

13	

Series 2020 A3 Debt Service Fund	

14-15	

Series 2020 A3 Amortization Schedule	

16	

Capital Reserve Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Revenues

Assessments - Tax Roll	$	366,228	$	365,768	$	460	$	366,228	$	435,770			
Other Revenue	$	-	$	240	$	-	$	240	$	-			
Total Revenues	$	366,228	$	366,008	$	460	$	366,468	$	435,770			

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,200	
$	3,000	
$	6,200	
$	12,000	
Engineering	$	20,000	$	1,080	$	5,000	$	6,080	$	15,000	
District Counsel	$	20,000	$	3,962	$	5,000	$	8,962	$	20,000	
Annual Audit	$	6,000	$	5,500	$	-	$	5,500	$	6,100	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Arbitrage	$	900	$	900	$	-	$	900	$	900	
Dissemination	$	10,000	$	7,500	$	2,500	$	10,000	$	6,000	
Trustee Fees	$	7,147	$	10,438	$	-	$	10,438	$	10,438	
Management Fees	$	36,050	$	27,038	$	9,013	$	36,050	$	37,853	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,200	
Postage & Delivery	$	500	$	-	$	125	$	125	$	950	
Office Supplies	$	1,000	$	811	$	250	$	1,061	$	1,000	
Telephone	$	250	$	12	$	-	$	12	$	-	
Copies	$	1,000	$	24	$	250	$	274	$	500	
Insurance	$	5,700	$	5,570	$	-	$	5,570	$	6,684	
Legal Advertising	$	10,000	$	1,294	$	2,500	$	3,794	$	2,500	
Other Current Charges	$	2,500	$	347	$	625	$	972	$	972	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal Administrative	$	141,222	$	75,100	$	29,012	$	104,113	$	129,072	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		

Operations & Maintenance						
Property Insurance	$	6,000	$	1,838	$	-	$	1,838	$	2,206	
Field Management	$	7,500	$	5,625	$	1,875	$	7,500	$	7,875	
Interlocal Amenity Agreement	$	77,147	$	77,147	$	-	$	77,147	$	92,626	
Playground Lease	$	30,000	$	22,300	$	7,433	$	29,733	$	30,000	
Landscape Maintenance	$	51,334	$	38,508	$	12,836	$	51,344	$	53,911	
Landscape Replacement	$	7,500	$	-	$	7,500	$	7,500	$	18,000	
Streetlights	$	18,000	$	12,957	$	4,500	$	17,457	$	19,800	
Electric	$	3,600	$	3,113	$	1,035	$	4,148	$	5,280	
Water & Sewer	$	1,000	$	-	$	1,000	$	1,000	$	1,000	
Sidewalk & Asphalt Maintenace	$	-	$	-	$	-	$	-	$	2,500	
Irrigation Repairs	$	3,500	$	797	$	875	$	1,672	$	6,000	
General Repairs & Maintenance	$	9,000	$	5,393	$	2,250	$	7,643	$	10,000	
Contingency	$	5,425	$	166	$	1,356	$	1,522	$	7,500	
Subtotal Operations & Maintenance	$	220,006	$	167,844	$	40,661	$	208,505	$	256,698	

Other Expenses						
Capital Reserves	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
Total Other Expenses	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
						
Total Expenditures	$	366,228	$	242,944	$	74,673	$	317,617	$	435,770	
						
Excess Revenues/(Expenditures)	$	-	$	123,064	$	(74,213)	$	48,851	$	-	

Net Assessments	
$435,770					
Add: Discounts & Collections 7%		$32,800 					
Gross Assessments		$468,570 					
Assessable Units	442					
Per Unit Gross Assessment		$1,060.11 					

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer, Dewberry Engineering, will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

District Counsel

The District's legal counsel, KE law Group, will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with Carr, Riggs & Ingram, LLC for these services.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC, to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2019, Series 2020 A2 & Series 2020 A3 bonds.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2019, Series 2020 A2 and Series 2020 A3 bonds. Governmental Management Services-Central Florida, LLC, provides these services.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Governmental Management Services-Central Florida, LLC, provides these services.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.
Governmental Management Services-Central Florida, LLC, provides these services.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Represents the costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. These services are provided by Governmental Management Services-Central Florida, LLC. Services provided include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Interlocal Amenity Agreement

The District has entered into an Interlocal Agreement with Davenport Road South Community Development District (CDD) for the use of their amenity facilities. This cost is based on 52% of the overall amenity budget of Davenport Road South CDD.

Playground Lease

The District has entered into a leasing agreement for playgrounds installed in the community with Navitas.

Landscape Maintenance

Represents the maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Prince & Sons, Inc. to provide these services.

Description	Monthly	Annually	
Maintenance

Total	$4,278.67	$51,344	
		$51,344	

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain streetlights currently in place within the District Boundaries.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.
Proposed Budget
Series 2019 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		

Revenues						
Assessments	$	322,524	$	322,117	$	407	$	322,524	$	322,524	
Interest Income	$	-	$	107	$	-	$	107	$	-	
Carry Forward Surplus	$	216,005	$	216,010	$	-	$	216,010	$	222,303	
Total Revenues	$	538,529	$	538,234	$	407	$	538,641	$	544,827	

Expenses						
Interest - 11/1	$	116,519	$	116,519	$	-	$	116,519	$	114,819	
Principal - 11/1	$	85,000	$	85,000	$	-	$	85,000	$	90,000	
Interest - 5/1	$	114,819	$	114,819	$	-	$	114,819	$	113,019	
Total Expenditures	$	316,338	$	316,338	$	-	$	316,338	$	317,838	
						
Excess Revenues/(Expenditures)	$	222,191	$	221,897	$	407	$	222,303	$	226,990	

Interest Expense 11/1/23	
$	113,019					
Principal Expense 11/1/23	$	90,000					
Total	$	203,019					
Series 2019 Special Assessment Bonds Amortization Schedule

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
	Series	2019 Special Assessment Amortization Schedule	Bonds			
Date		Balance	Prinicpal	Interest	Total	

05/01/48	
$	
595,000.00	
$	-	
$	14,875.00		
11/01/48	$	595,000.00	$	290,000.00	$	14,875.00	$	319,750.00	
05/01/49	$	305,000.00	$	-	$	7,625.00		
11/01/49	$	305,000.00	$	305,000.00	$	7,625.00	$	320,250.00	
			$	4,780,000.00	$	3,999,756.25	$	8,894,575.00	
Highland Meadows West Community Development District Proposed Budget
Series 2020 A2 Debt Service Fund

Revenues

Assessments Interest Income
Carry Forward Surplus
$	157,625	$
$	-	$
$	57,730	$
157,426	$
41	$
136,461	$
199	$
$
$
157,625	$
41	$
136,461	$
157,625
60,499

Expenses

Interest - 11/1 Principal - 5/1 Interest - 5/1
$	49,950	$
$	55,000	$
$	49,950	$
49,950	$
55,000	$
49,950	$
-	$	49,950	$
-	$	55,000	$
-	$	49,950	$
49,159
60,000
49,159

Other Financing Sources

Transfer In/(Out)
$	-	$
(78,728)  $
-	$	(78,728)  $	-

Interest Expense 11/1/23
Total
$	48,297

$	48,297

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-

Date		Balance	Prinicpal	Interest	Total	

05/01/47	
$	
570,000.00	
$	135,000.00	
$	11,400.00		
11/01/47	$	435,000.00	$	-	$	8,700.00	$	155,100.00	
05/01/48	$	435,000.00	$	140,000.00	$	8,700.00		
11/01/48	$	295,000.00	$	-	$	5,900.00	$	154,600.00	
05/01/49	$	295,000.00	$	145,000.00	$	5,900.00		
11/01/49	$	150,000.00	$	-	$	3,000.00	$	153,900.00	
05/01/50	$	150,000.00	$	150,000.00	$	3,000.00	$	153,000.00	
			$	2,660,000.00	$	1,723,631.25	$	4,488,581.25	
Proposed Budget
Series 2020 A3 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023		

Revenues						
Assessments	$	55,775	$	55,705	$	70	$	55,775	$	55,775	
Interest Income	$	-	$	15	$	-	$	15	$	-	
Carry Forward Surplus	$	20,308	$	48,195	$	-	$	48,195	$	21,680	
Total Revenues	$	76,083	$	103,914	$	70	$	103,985	$	77,455	

Expenses						
Interest - 11/1	$	17,209	$	17,209	$	-	$	17,209	$	16,922	
Principal - 5/1	$	20,000	$	20,000	$	-	$	20,000	$	20,000	
Interest - 5/1	$	17,209	$	17,209	$	-	$	17,209	$	16,922	
Total Expenditures	$	54,419	$	54,418	$	-	$	54,418	$	53,844	

Other Financing Sources						
Transfer In/(Out)	$	-	$	(27,886)	$	-	$	(27,886)	$	-	
Total Other Financing Sources (Uses)	$	-	$	(27,886)	$	-	$	(27,886)	$	-	
						
Excess Revenues/(Expenditures)	$	21,664	$	21,610	$	70	$	21,680	$	23,611	

Interest Expense 11/1/23
Total
$	16,634

$	16,634

Series 2020 A3 Special Assessment Bonds Amortization Schedule

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
Series 2020 A3 Special Assessment Bonds Amortization Schedule

Date		Balance	Prinicpal	Interest		Total	

05/01/47	
$	
195,000.00	
$	45,000.00	
$	3,900.00			
11/01/47	$	150,000.00	$	-	$	3,000.00	$	51,900.00	
05/01/48	$	150,000.00	$	50,000.00	$	3,000.00			
11/01/48	$	100,000.00	$	-	$	2,000.00	$	55,000.00	
05/01/49	$	100,000.00	$	50,000.00	$	2,000.00			
11/01/49	$	50,000.00	$	-	$	1,000.00	$	53,000.00	
05/01/50	$	50,000.00	$	50,000.00	$	1,000.00	$	51,000.00	
			$	915,000.00	$	595,137.50	$	1,547,346.88	
Highland Meadows West Community Development District Proposed Budget
Capital Reserve Fund

Revenues

Interest
Carry Forward Surplus
$	-	$
$	-	$
-	$	-	$
-	$	-	$
-	$	-
-	$	5,000

Expenditures

Capital Outlay Bollard Lights
$	-	$
$	-	$
-	$	-	$
-	$	-	$
-	$	-
-	$	10,000

Other Financing Sources/(Uses)

Transfer In/(Out)	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
Total Other Financing Sources/(Uses)	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
					
Excess Revenues/(Expenditures)	$	5,000	$	-	$	5,000	$	5,000	$	45,000	

	(AA3)					
272708727508000010	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000020	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000030	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000040	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000050	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000060	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000070	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000080	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000090	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000100	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000110	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000120	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000130	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000140	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000150	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000160	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000170	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000180	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000190	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000200	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000210	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000220	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000230	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000240	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000250	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000260	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000270	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000280	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000290	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	

				(AA3)		
272708727508000300	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000310	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000320	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000330	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000340	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000350	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000360	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000370	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000380	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000390	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000400	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000410	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000420	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000430	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000440	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000450	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000460	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000470	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000480	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000490	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000500	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000510	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000520	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000530	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000540	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000550	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000560	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000570	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000580	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000590	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000600	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000610	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000620	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	

				(AA3)		
272708727508000630	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000640	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000650	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000660	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000670	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000680	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000690	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000700	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000710	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000720	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000730	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000740	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000750	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000760	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000770	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000780	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000790	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000800	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000810	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000820	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000830	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000840	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000850	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000860	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000870	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000880	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000890	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000900	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000910	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000920	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000930	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000940	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000950	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	

				(AA3)		
272708727508000960	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000970	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000980	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508000990	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001000	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001010	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001020	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001030	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001040	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001050	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001060	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001070	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001080	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001090	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001100	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001110	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001120	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001130	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001140	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001150	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001160	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001170	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001180	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001190	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001200	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001210	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001220	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001230	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001240	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001250	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001260	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001270	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001280	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	

				(AA3)		
272708727508001290	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001300	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001310	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001320	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001330	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001340	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001350	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001360	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001370	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001380	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001390	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001400	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001410	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001420	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001430	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001440	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001450	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001460	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001470	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001480	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001490	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001500	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001510	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001520	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001530	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001540	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001550	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001560	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001570	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001580	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001590	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001600	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001610	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	

				(AA3)		
272708727508001620	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001630	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001640	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001650	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001660	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001670	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001680	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001690	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001700	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001710	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001720	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001730	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001740	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001750	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001760	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001770	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001780	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001790	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001800	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001810	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001820	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001830	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001840	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001850	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001860	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001870	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001880	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001890	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001900	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001910	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001920	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001930	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001940	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	

				(AA3)		
272708727508001950	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001960	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001970	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001980	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508001990	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002000	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002010	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002020	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002030	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002040	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002050	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002060	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002070	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002080	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002090	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002100	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002110	ORCHID TERRACE PHASE 1 PB 176 PGS 1-17	$1,057.59	$1,303.76		$2,361.35	
272708727508002120	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002130	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002140	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002150	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002160	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002170	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002180	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002190	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002200	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002210	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002220	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002230	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002240	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002250	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002260	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002270	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	

				(AA3)		
272708727508002280	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002290	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002300	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002310	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002320	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002330	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002340	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002350	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002360	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002370	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002380	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002390	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002400	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002410	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002420	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002430	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002440	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002450	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002460	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002470	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002480	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002490	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002500	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002510	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002520	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002530	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002540	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002550	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002560	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002570	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002580	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002590	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	
272708727508002600	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76		$2,361.35	

	(AA3)						
272708727508002610	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76			$2,361.35	
272708727508002620	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76			$2,361.35	
272708727508002630	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76			$2,361.35	
272708727508002640	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76			$2,361.35	
272708727508002650	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76			$2,361.35	
272708727508002660	ORCHID TERRACE PHASE 1 PB 176 PGS 1-7	$1,057.59	$1,303.76			$2,361.35	
272708727509000010	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000020	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000030	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000040	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000050	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000060	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000070	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000080	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000090	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000100	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000110	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000120	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000130	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000140	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000150	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000160	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000170	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000180	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000190	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000200	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000210	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000220	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000230	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000240	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000250	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000260	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	
272708727509000270	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59		$1,303.76		$2,361.35	

	(AA3)					
272708727509000280	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000290	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000300	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000310	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000320	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000330	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000340	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000350	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000360	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000370	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000380	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000390	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000400	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000410	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000420	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000430	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000440	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000450	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000460	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000470	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000480	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000490	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000500	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000510	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000520	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000530	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000540	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000550	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000560	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000570	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000580	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000590	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000600	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	

				(AA3)		
272708727509000610	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000620	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000630	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000640	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000650	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000660	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000670	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000680	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000690	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000700	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000710	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000720	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000730	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000740	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000750	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000760	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000770	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000780	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000790	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000800	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000810	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000820	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000830	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000840	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000850	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000860	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000870	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000880	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000890	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000900	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000910	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000920	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000930	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	

				(AA3)		
272708727509000940	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000950	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000960	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000970	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000980	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509000990	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001000	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001010	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001020	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001030	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001040	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001050	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001060	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001070	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001080	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001090	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001100	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001110	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001120	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001130	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001140	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001150	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001160	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001170	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001180	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001190	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001200	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001210	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001220	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001230	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001240	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001250	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001260	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	

PARCEL ID	PROP DSCR1	FY 23 O&M	Series	Series 2020 2019		(AA2)	Series 2020
(AA3)	
Total				
272708727509001270	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001280	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001290	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727509001300	ORCHID TERRACE PHASE 2 PB 178 PG 44-46	$1,057.59	$1,303.76		$2,361.35	
272708727510000010	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000020	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000030	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000040	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000050	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000060	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000070	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000080	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000090	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000100	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000110	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000120	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000130	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000140	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000150	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000160	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000170	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000180	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000190	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000200	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000210	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000220	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000230	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000240	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000250	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000260	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000270	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000280	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	
272708727510000290	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59		$1,303.76	$2,361.35	

PARCEL ID	PROP DSCR1	FY 23 O&M	Series	Series 2020 2019		(AA2)	Series 2020
(AA3)	
Total					
272708727510000300	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000310	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000320	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000330	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000340	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000350	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000360	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000370	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000380	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000390	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000400	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000410	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000420	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000430	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000440	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000450	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
272708727510000460	ORCHID TERRACE PHASE 3 PB 178 PG 49-50	$1,057.59			$1,303.76	$2,361.35	
Gross Assessments		$467,454.78	$346,800.16	$169,488.80	$59,972.96	$1,043,716.70	
							
Net Assessments		$434,732.95	$322,524.15	$157,624.58	$55,774.85	$970,656.53	

Section VI
RESOLUTION 2022-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2023; AND PROVIDING FOR AN EFFECTIVE DATE.

Whereas, the Highland Meadows West Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within the City of Haines City, Florida and unincorporated Polk County, Florida; and

Whereas, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi-annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

Whereas, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and

WHEREAS, the Board desires to adopt the Fiscal Year 2022/2023 annual meeting schedule attached as Exhibit A.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The Fiscal Year 2022/2023 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

SECTION 2.  This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 18th day of August 2022.

ATTEST:	HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Fiscal Year 2022/2023 Annual Meeting Schedule
Exhibit A: Fiscal Year 2022/2023 Annual Meeting Schedule

BOARD OF SUPERVISORS MEETING DATES
HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023

The Board of Supervisors of the Highland Meadows West Community Development District will hold their regular meetings for Fiscal Year 2022/2023 at on the 3rd Thursday of each month, at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida 33880, at 10:00 a.m., unless otherwise indicated as follows:

October 20, 2022
November 17, 2022
December 15, 2022
January 19, 2023
February 16, 2023
March 16, 2023
April 20, 2023
May 18, 2023
June 15, 2023
July 20, 2023
August 17, 2023
September 21, 2023

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from Governmental Management Services - Central Florida, LLC, 219
E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524.

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that 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 such appeal is to be based.

District Manager

Section VII
RESOLUTION 2022-12

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST 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, Highland Meadows West Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated partially within the City of Haines City and unincorporated 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 HIGHLAND MEADOWS WEST 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	Daniel Arnette	11/2022	
2	Jessica Kowalski	11/2024	
3	Lindsey Roden	11/2024	
4	Bobbie Henley	11/2022	
5	
	11/2022	

This year, Seat 1, currently held by Daniel Arnette, Seat 4, currently held by Bobbie
Henley, and Seat 5, currently held by 	 are subject to election by landowners in
November 2022. 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 17th day of November, 2022, at 10:00 AM., and located at the Holiday Inn Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.
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 August 18th, 2022, 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 18TH DAY OF AUGUST 2022.

HIGHLAND MEADOWS WEST 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 HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given to the public and all landowners within Highland Meadows West Community Development District (“District”) the location of which is generally described as comprising a parcel or parcels of land containing approximately 97.87 acres, generally located north of Patterson Road and east and west of Orchid Drive, advising that a meeting of landowners will be held for the purpose of electing three (3) people to the District’s Board of Supervisors (“Board”, and individually, “Supervisor”). Immediately following the landowners’ meeting there will be convened a meeting of the Board 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:	Thursday, November 17, 2022
TIME:	10:00 AM
PLACE:	Holiday Inn Winter Haven 200 Cypress Gardens Blvd. Winter Haven, FL 33880

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, Governmental Management Services – Central Florida LLC, 219 East Livingston Street, Orlando, Florida 32801 Ph: (407) 841-5524 (“District Manager’s 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 and the Board meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from the District Manager’s Office. There may be an occasion where one or more supervisors will participate by telephone.

Any person requiring special accommodations to participate in these meetings is asked to contact the District Manager’s Office, at least 48 hours before the hearing. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800- 955-8770 (Voice), for aid in contacting the District Manager’s 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.

District Manager
Run Date(s): 	 & 	
INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS

DATE OF LANDOWNERS’ MEETING: Thursday November 17, 2022

TIME: 10:00 A.M.

LOCATION:	Holiday Inn Winter Haven
200 Cypress Gardens Blvd. Winter Haven, FL 33880

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 and 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

HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
LANDOWNERS’ MEETING – THURSDAY, NOVEMBER 17, 2022

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 the Highland Meadows West Community Development District to be held at the Holiday Inn Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880 on Thursday, August 17, 2022 at 10:00 AM, 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. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. 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
HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
LANDOWNERS’ MEETING – THURSDAY, NOVEMBER 17, 2022

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 Highland Meadows West 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			
4			
5			

Date: 		Signed: 	

Printed Name: 	

Section VIII

REBATE REPORT
$6,385,000
Highland Meadows West Community Development District
(Haines City, Florida)
Special Assessment Bonds, Series 2019

Dated: April 25, 2019
Delivered: April 25, 2019

Rebate Report to the Computation Date April 25, 2024
Reflecting Activity To April 30, 2022

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 Schedule	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Account	13	
Arbitrage Rebate Calculation Detail Report – Reserve Account	16	
Arbitrage Rebate Calculation Detail Report – Interest Account	18	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Account	19	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	20	

May 16, 2022

Highland Meadows West Community Development District c/o Ms. Katie Costa
Director of Operations - Accounting Division Governmental Management Services-CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$6,385,000 Highland Meadows West Community Development District (Haines City, Florida),
Special Assessment Bonds, Series 2019	

Dear Ms. Costa:

AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Highland Meadows West 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 the next Report as of April 30, 2023. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Caitlyn C. McGovern
Analyst	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the April 25, 2024 Computation Date
Reflecting Activity from April 25, 2019 through April 30, 2022

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Account	1.787142%	37,674.66	(81,068.63)	
Reserve Account	0.750324%	5,743.07	(37,638.27)	
Interest Account	1.816810%	1,493.98	(3,130.05)	
Cost of Issuance Account	1.949794%	6.95	(13.10)	
Totals	1.522204%	$44,918.66	$(121,850.05)	
Bond Yield	4.882446%			
Rebate Computation Credits	(6,207.08)			
Net Rebatable Arbitrage	$(128,057.13)			

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 April 25, 2019, the date of the closing, to April 30, 2022, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of April 25, 2024.

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 April 25, 2019 and April 30, 2022, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, 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.

DEFINITIONS

Computation Date
April 25, 2024.

Computation Period
The period beginning on April 25, 2019, the date of the closing, and ending on April 30, 2022.

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:

Accounts	Account Number	
Revenue	249938000	
Interest	249938001	
Sinking	249938002	
Reserve	249938003	
Prepayment	249938004	
Acquisition & Construction	249938005	
Cost of Issuance	249938006	
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 April 30, 2022, 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 April 25, 2024. 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 April 25, 2024, is the Rebatable Arbitrage.
$6,385,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2019 Delivered: April 25, 2019

Par Amount	$6,385,000.00	
Total	$6,385,000.00	

Acquisition & Construction Account	$5,510,264.05	
Reserve Account	411,968.76	
Interest Account	157,567.19	
Cost of Issuance Account	177,500.00	
Underwriter’s Discount	127,700.00	
Total	$6,385,000.00	

PROOF OF ARBITRAGE YIELD
$6,385,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2019

Date	

Debt Service	Present Value to 04/25/2019
@ 4.8824460611%	
11/01/2019	157,567.19	153,688.68	
05/01/2020	152,484.38	145,186.65	
11/01/2020	257,484.38	239,319.16	
05/01/2021	150,384.38	136,444.03	
11/01/2021	260,384.38	230,617.36	
05/01/2022	148,184.38	128,116.40	
11/01/2022	263,184.38	222,120.00	
05/01/2023	145,884.38	120,188.14	
11/01/2023	265,884.38	213,831.10	
05/01/2024	143,484.38	112,643.96	
11/01/2024	268,484.38	205,753.66	
05/01/2025	140,984.38	105,468.99	
11/01/2025	265,984.38	194,238.43	
05/01/2026	138,406.25	98,664.29	
11/01/2026	273,406.25	190,255.82	
05/01/2027	135,621.88	92,126.49	
11/01/2027	275,621.88	182,765.28	
05/01/2028	132,734.38	85,918.89	
11/01/2028	277,734.38	175,493.14	
05/01/2029	129,743.75	80,028.04	
11/01/2029	279,743.75	168,438.51	
05/01/2030	126,650.00	74,440.87	
11/01/2030	281,650.00	161,599.96	
05/01/2031	122,871.88	68,819.14	
11/01/2031	287,871.88	157,391.48	
05/01/2032	118,850.00	63,431.71	
11/01/2032	288,850.00	150,489.03	
05/01/2033	114,706.25	58,337.09	
11/01/2033	294,706.25	146,309.42	
05/01/2034	110,318.75	53,463.52	
11/01/2034	300,318.75	142,074.42	
05/01/2035	105,687.50	48,807.02	
11/01/2035	305,687.50	137,803.93	
05/01/2036	100,812.50	44,363.27	
11/01/2036	310,812.50	133,515.87	
05/01/2037	95,693.75	40,127.61	
11/01/2037	315,693.75	129,226.30	
05/01/2038	90,331.25	36,095.09	
11/01/2038	320,331.25	124,949.55	
05/01/2039	84,725.00	32,260.58	
11/01/2039	324,725.00	120,698.43	
05/01/2040	78,875.00	28,618.74	
11/01/2040	328,875.00	116,484.26	
05/01/2041	72,625.00	25,110.06	
11/01/2041	337,625.00	113,951.87	
05/01/2042	66,000.00	21,744.83	
11/01/2042	341,000.00	109,670.99	
05/01/2043	59,125.00	18,562.38	
11/01/2043	349,125.00	106,996.31	
05/01/2044	51,875.00	15,519.27	
11/01/2044	356,875.00	104,220.82	
05/01/2045	44,250.00	12,614.70	
11/01/2045	364,250.00	101,365.09	
05/01/2046	36,250.00	9,847.41	
11/01/2046	371,250.00	98,447.75	
05/01/2047	27,875.00	7,215.72	
11/01/2047	382,875.00	96,749.08	

PROOF OF ARBITRAGE YIELD
$6,385,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2019
Present Value to 04/25/2019
Date	Debt Service	@ 4.8824460611%

05/01/2048	19,000.00	4,686.72
11/01/2048	389,000.00	93,667.71
05/01/2049	9,750.00	2,291.77
11/01/2049	399,750.00	91,723.22

12,450,936.03	6,385,000.00

Proceeds Summary

Delivery date	04/25/2019	
Par Value	6,385,000.00	
Target for yield calculation	6,385,000.00	

BOND DEBT SERVICE
$6,385,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2019

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
04/25/2019						
11/01/2019			157,567.19	157,567.19	157,567.19	
05/01/2020			152,484.38	152,484.38		
11/01/2020	105,000	4.000%	152,484.38	257,484.38	409,968.76	
05/01/2021			150,384.38	150,384.38		
11/01/2021	110,000	4.000%	150,384.38	260,384.38	410,768.76	
05/01/2022			148,184.38	148,184.38		
11/01/2022	115,000	4.000%	148,184.38	263,184.38	411,368.76	
05/01/2023			145,884.38	145,884.38		
11/01/2023	120,000	4.000%	145,884.38	265,884.38	411,768.76	
05/01/2024			143,484.38	143,484.38		
11/01/2024	125,000	4.000%	143,484.38	268,484.38	411,968.76	
05/01/2025			140,984.38	140,984.38		
11/01/2025	125,000	4.125%	140,984.38	265,984.38	406,968.76	
05/01/2026			138,406.25	138,406.25		
11/01/2026	135,000	4.125%	138,406.25	273,406.25	411,812.50	
05/01/2027			135,621.88	135,621.88		
11/01/2027	140,000	4.125%	135,621.88	275,621.88	411,243.76	
05/01/2028			132,734.38	132,734.38		
11/01/2028	145,000	4.125%	132,734.38	277,734.38	410,468.76	
05/01/2029			129,743.75	129,743.75		
11/01/2029	150,000	4.125%	129,743.75	279,743.75	409,487.50	
05/01/2030			126,650.00	126,650.00		
11/01/2030	155,000	4.875%	126,650.00	281,650.00	408,300.00	
05/01/2031			122,871.88	122,871.88		
11/01/2031	165,000	4.875%	122,871.88	287,871.88	410,743.76	
05/01/2032			118,850.00	118,850.00		
11/01/2032	170,000	4.875%	118,850.00	288,850.00	407,700.00	
05/01/2033			114,706.25	114,706.25		
11/01/2033	180,000	4.875%	114,706.25	294,706.25	409,412.50	
05/01/2034			110,318.75	110,318.75		
11/01/2034	190,000	4.875%	110,318.75	300,318.75	410,637.50	
05/01/2035			105,687.50	105,687.50		
11/01/2035	200,000	4.875%	105,687.50	305,687.50	411,375.00	
05/01/2036			100,812.50	100,812.50		
11/01/2036	210,000	4.875%	100,812.50	310,812.50	411,625.00	
05/01/2037			95,693.75	95,693.75		
11/01/2037	220,000	4.875%	95,693.75	315,693.75	411,387.50	
05/01/2038			90,331.25	90,331.25		
11/01/2038	230,000	4.875%	90,331.25	320,331.25	410,662.50	
05/01/2039			84,725.00	84,725.00		
11/01/2039	240,000	4.875%	84,725.00	324,725.00	409,450.00	
05/01/2040			78,875.00	78,875.00		
11/01/2040	250,000	5.000%	78,875.00	328,875.00	407,750.00	
05/01/2041			72,625.00	72,625.00		
11/01/2041	265,000	5.000%	72,625.00	337,625.00	410,250.00	
05/01/2042			66,000.00	66,000.00		
11/01/2042	275,000	5.000%	66,000.00	341,000.00	407,000.00	
05/01/2043			59,125.00	59,125.00		
11/01/2043	290,000	5.000%	59,125.00	349,125.00	408,250.00	
05/01/2044			51,875.00	51,875.00		
11/01/2044	305,000	5.000%	51,875.00	356,875.00	408,750.00	
05/01/2045			44,250.00	44,250.00		
11/01/2045	320,000	5.000%	44,250.00	364,250.00	408,500.00	
05/01/2046			36,250.00	36,250.00		
11/01/2046	335,000	5.000%	36,250.00	371,250.00	407,500.00	
05/01/2047			27,875.00	27,875.00		
11/01/2047	355,000	5.000%	27,875.00	382,875.00	410,750.00	

BOND DEBT SERVICE
$6,385,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2019

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
05/01/2048			19,000.00	19,000.00		
11/01/2048	370,000	5.000%	19,000.00	389,000.00	408,000.00	
05/01/2049			9,750.00	9,750.00		
11/01/2049	390,000	5.000%	9,750.00	399,750.00	409,500.00	
	6,385,000		6,065,936.03	12,450,936.03	12,450,936.03	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.882446%)

04/25/19	Beg	Bal	-5,510,264.05	-7,013,260.31	
05/03/19			624.00	793.35	
05/03/19			614,684.00	781,508.87	
06/06/19			9,000.00	11,392.11	
06/06/19			1,256.75	1,590.78	
06/06/19			2,952.50	3,737.24	
06/06/19			1,550.00	1,961.97	
06/17/19			223,609.70	282,626.02	
06/28/19			166,713.83	210,403.53	
06/28/19			9,000.00	11,358.58	
06/28/19			599.87	757.07	
06/28/19			2,230.00	2,814.40	
06/28/19			1,440.00	1,817.37	
06/28/19			2,033.50	2,566.41	
07/10/19			22,204.73	27,978.77	
07/10/19			5,000.00	6,300.18	
07/23/19			6,000.00	7,547.06	
07/23/19			95,598.00	120,247.31	
07/23/19			426.00	535.84	
07/25/19			295,659.66	371,793.89	
08/20/19			676,708.55	848,119.42	
09/11/19			522,806.71	653,392.95	
09/11/19			25,835.57	32,288.76	
09/11/19			44,926.00	56,147.58	
09/11/19			290,994.38	363,678.72	
09/11/19			3,000.00	3,749.34	
09/11/19			154,355.19	192,909.90	
09/16/19			121.00	151.12	
09/17/19			6,000.00	7,492.65	
09/17/19			30,641.56	38,264.41	
10/01/19			610,265.34	760,655.71	
10/01/19			120,871.29	150,658.13	
10/01/19			37,770.00	47,077.83	
10/01/19			6,786.71	8,459.19	
10/01/19			3,000.00	3,739.30	
10/16/19			59,793.62	74,379.18	
10/16/19			3,000.00	3,731.80	
10/18/19			10,295.75	12,803.78	
10/28/19			2,910.00	3,614.03	
10/28/19			3,000.00	3,725.80	
11/07/19			43.50	53.96	
11/07/19			3,000.00	3,721.31	
11/08/19			686,320.87	851,223.27	
11/22/19			150.00	185.69	
11/22/19			68,471.25	84,763.69	
11/26/19			36,410.15	45,049.63	
11/26/19			646.42	799.80	
11/26/19			3,000.00	3,711.85	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.882446%)	
11/26/19		34,449.54	42,623.81	
11/26/19		29,499.00	36,498.59	
12/05/19		406,842.75	502,772.66	
12/05/19		14,358.84	17,744.53	
12/09/19		3,000.00	3,705.39	
12/19/19		3,000.00	3,700.43	
12/23/19		89,165.27	109,924.20	
12/30/19		7,186.15	8,850.88	
01/14/20		3,000.00	3,688.05	
01/14/20		56,000.00	68,843.60	
01/28/20		3,000.00	3,681.14	
01/28/20		250.00	306.76	
01/28/20		9,350.00	11,472.88	
02/13/20		-59,302.38	-72,620.64	
02/25/20		34,800.00	42,546.99	
02/25/20		41,310.84	50,507.24	
03/25/20		-973.75	-1,185.74	
03/25/20		-19,146.25	-23,314.58	
03/25/20		-14,358.84	-17,484.90	
03/31/20		-323,511.91	-393,679.81	
04/01/20		-190,345.00	-231,598.72	
04/13/20		69,762.37	84,745.68	
04/13/20		91,898.56	111,636.20	
04/13/20		6,715.00	8,157.22	
04/13/20		68,839.25	83,624.30	
04/13/20		118,723.87	144,222.96	
04/13/20		7,630.00	9,268.74	
04/13/20		59,905.00	72,771.18	
04/13/20		24,500.00	29,762.02	
04/13/20		93,773.00	113,913.23	
04/13/20		4,562.50	5,542.42	
05/14/20		-64,189.00	-77,652.06	
05/28/20		25,389.55	30,657.21	
05/28/20		969.00	1,170.04	
05/28/20		7,201.50	8,695.62	
05/28/20		3,631.39	4,384.81	
05/28/20		6,387.50	7,712.74	
05/29/20		-132,701.26	-160,211.81	
06/08/20		22.71	27.39	
06/08/20		8,700.00	10,490.95	
07/31/20		-25,389.55	-30,403.58	
08/05/20		1,350.00	1,615.52	
08/05/20		400.00	478.67	
08/05/20		132,701.26	158,801.20	
08/05/20		218.75	261.77	
09/11/20		-144,685.36	-172,309.16	
09/21/20		740.00	880.10	
10/26/20		14.50	17.16	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.882446%)	
11/06/20		181,586.43	214,667.62	
04/14/22		1.08	1.19	
04/25/24	TOTALS:	37,674.66	-81,068.63	

ISSUE DATE:	04/25/19	REBATABLE ARBITRAGE:	-81,068.63	
COMP DATE:	04/25/24	NET INCOME:	37,674.66	
BOND YIELD:	4.882446%	TAX INV YIELD:	1.787142%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.882446%)

04/25/19	Beg	Bal	-411,968.76	-524,338.60	
05/02/19			139.39	177.24	
06/04/19			701.08	887.66	
07/02/19			663.05	836.36	
08/02/19			678.99	853.03	
09/04/19			603.05	754.39	
10/02/19			572.66	713.69	
11/04/19			513.74	637.52	
12/03/19			438.76	542.36	
01/03/20			430.63	530.18	
02/04/20			418.36	512.93	
03/03/20			390.24	476.60	
04/02/20			169.90	206.69	
05/04/20			2.06	2.50	
05/29/20			89,442.50	107,984.99	
05/29/20			132,701.26	160,211.81	
06/02/20			2.00	2.41	
07/02/20			0.93	1.12	
08/04/20			0.97	1.16	
09/02/20			0.97	1.16	
10/02/20			0.93	1.10	
11/02/20			28,784.37	34,046.51	
11/03/20			0.97	1.15	
12/02/20			0.80	0.94	
12/17/20			915.63	1,076.51	
01/05/21			0.82	0.96	
02/02/21			0.81	0.95	
03/02/21			0.74	0.86	
04/02/21			0.81	0.94	
05/04/21			0.79	0.91	
06/02/21			0.82	0.94	
07/02/21			0.79	0.90	
08/03/21			0.81	0.92	
09/02/21			0.82	0.93	
10/04/21			0.79	0.89	
11/02/21			0.81	0.91	
12/02/21			0.79	0.89	
12/30/21			0.02	0.02	
01/04/22			0.81	0.91	
02/02/22			0.81	0.90	
03/02/22			0.74	0.82	
04/04/22			0.82	0.91	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.882446%)	
04/30/22	RA Balance	160,125.00	176,224.87	
04/30/22	RA Accrual	0.79	0.87	
04/25/24	TOTALS:	5,743.07	-37,638.27	

ISSUE DATE:	04/25/19	REBATABLE ARBITRAGE:	-37,638.27	
COMP DATE:	04/25/24	NET INCOME:	5,743.07	
BOND YIELD:	4.882446%	TAX INV YIELD:	0.750324%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.882446%)

04/25/19	Beg Bal	-157,567.19	-200,545.69	
10/22/19	from COI	-131.95	-164.00	
11/01/19		157,567.19	195,609.27	
05/01/20		-150,858.46	-182,817.83	
05/01/20		152,484.38	184,788.20	
08/03/20		-10,593.74	-12,680.73	
08/03/20		10,593.75	12,680.75	
04/25/24	TOTALS:	1,493.98	-3,130.05	

ISSUE DATE:	
04/25/19	
REBATABLE ARBITRAGE:	
-3,130.05	
COMP DATE:	04/25/24	NET INCOME:	1,493.98	
BOND YIELD:	4.882446%	TAX INV YIELD:	1.816810%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.882446%)

04/25/19	Beg	Bal	-177,500.00	-225,915.44	
04/25/19			30,000.00	38,182.89	
04/25/19			5,000.00	6,363.82	
04/25/19			48,000.00	61,092.62	
04/25/19			43,500.00	55,365.19	
04/25/19			44,000.00	56,001.57	
05/01/19			1,500.00	1,907.61	
05/13/19			5,375.00	6,824.62	
10/22/19	to Int	131.95	164.00		
04/25/24	TOTALS:	6.95	-13.10		

ISSUE DATE:	04/25/19	
REBATABLE ARBITRAGE:	
-13.10			
COMP DATE:	04/25/24	NET INCOME:	6.95			
BOND YIELD: 4.882446%	TAX INV YIELD:	1.949794%			

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.882446%)	
04/25/20		-1,760.00	-2,134.57	
04/25/21		-1,780.00	-2,057.16	
04/25/22		-1,830.00	-2,015.35	
04/25/24	TOTALS:	-5,370.00	-6,207.08	

ISSUE DATE:	04/25/19	REBATABLE ARBITRAGE:	-6,207.08	
COMP DATE:	04/25/24			
BOND YIELD:	4.882446%			

Section IX

Highland Meadows West Community Development District

FINANCIAL STATEMENTS

September 30, 2021

Page
REPORT
Independent Auditors’ Report ..............................................................................................	1
FINANCIAL STATEMENTS
Management’s Discussion and Analysis (required supplemental information) ...............	3
Basic Financial Statements Government‐Wide Financial Statements
Statement of Net Position ........................................................................................	9
Statement of Activities .............................................................................................	10
Fund Financial Statements
Balance Sheet – Governmental Funds......................................................................	11
Reconciliation of the Balance Sheet of Governmental Funds to the Statement
of Net Position ..........................................................................................................	12
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds ................................................................................................	13
Reconciliation of the Statement of Revenues, Expenditures and Change in
Fund Balances of Governmental Funds to the Statement of Activities ...................	14
Notes to Financial Statements ........................................................................................	15
Required Supplemental Information (other than MD&A)
Budget to Actual Comparison Schedule ‐ General Fund .............................................	26
Independent Auditors’ 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 Standards..................................	27
Management Letter ........................................................................................................	29
Independent Accountants’ Report on Compliance with Section 218.415,
Florida Statutes ...............................................................................................................	32

To the Board of Supervisors
Highland Meadows West Community Development District Polk County, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities and each major fund of Highland Meadows West Community Development District (hereinafter referred to as “District”), as of and for the year ended September 30, 2021, and the related notes to the financial statements, which collectively 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.

Auditors’ Responsibility

Our responsibility is 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 on the auditors’ judgment, 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 by management, 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, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2021, and the respective changes in financial position for the year then ended in accordance with 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, as listed in the table of contents, be presented to supplement the basic 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 June 29, 2022, on our consideration of the District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and 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.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 29, 2022

Management’s Discussion and Analysis

Our discussion and analysis of the Highland Meadows West Community Development District’s financial performance provides an overview of the District’s financial activities for the fiscal year ended September 30, 2021. Please read it in conjunction with the District’s financial statements, which begin on page 9.

FINANCIAL HIGHLIGHTS

At September 30, 2021, the liabilities of the District exceed its assets by approximately $3.1 million (deficit net position).

During the year ended September 30, 2021, the District made principal and interest payments totaling $227,005 and $385,114, respectively.

During the year ended September 30, 2021, the District incurred approximately $95,000 of capital outlay expenditures, placed assets totaling approximately $5 million into service, and conveyed capital assets totaling approximately $3.4 million.

USING THE ANNUAL REPORT

This annual report consists of a series of financial statements. The Statement of Net Position and the Statement of Activities on pages 9 – 10 provide information about the activities of the District as a whole and present a longer‐term view of the District’s finances. Fund financial statements start on page 11. For governmental activities, these statements tell how these services were financed in the short‐term as well as what remains for future spending. Fund financial statements also report the District’s operations in more detail than the government‐wide statements by providing information about the District’s most significant funds.

Reporting the District as a Whole

Our analysis of the District as a whole begins on page 4. One of the most important questions asked about the District’s finances is, “Is the District as a whole better off or worse off as a result of the year’s activities?” The Statement of Net Position and the Statement of Activities report information about the District as a whole and about its activities in a way that helps answer this question. These statements include all assets and liabilities using the accrual basis of accounting, which is similar to the accounting used by most private‐sector companies. All of the current year’s revenues and expenses are taken into account regardless of when cash is received or paid.

These two statements report the District’s net position and related changes during the current year. You can think of the District’s net position – the difference between assets and liabilities – as one way to measure the District’s financial health, or financial position. Over time, increases or decreases in the District’s net position is one indicator of whether its financial health is improving or deteriorating. You will need to consider other nonfinancial factors; however, such as changes in the District’s assessment base and the condition of the District’s infrastructure, to assess the overall health of the District.

Reporting the District’s Most Significant Funds

Our analysis of the District’s major funds begins on page 6. The fund financial statements begin on page 11 and provide detailed information about the most significant funds – not the District as a whole. Some funds are required to be established by State law and by bond covenants. All of the District’s funds are governmental fund‐types.

Governmental funds – All of the District’s basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year‐ end that are available for spending. The governmental fund statements provide a detailed short‐term view of the District’s general government operations and the basic services it provides. Governmental fund information helps you determine whether there are more or fewer financial resources that can be spent in the near future to finance the District’s programs.

THE DISTRICT AS A WHOLE

The following table reflects the condensed Statement of Net Position and is compared to the prior year.

September 30,	2021	2020	Change	
Assets
Current and other assets	
$	769,046	
$	974,346	
$	(205,300)	
Capital assets, net	4,879,019	8,304,490	(3,425,471)	
Total assets	5,648,065	9,278,836	(3,630,771)	
Liabilities
Current liabilities	
$	359,416	
$	604,794	
$	(245,378)	
Other liabilities	8,361,220	8,595,329	(234,109)	
Total liabilities	8,720,636	9,200,123	(479,487)	
Net position
Net investment in capital assets	
99,397	
60,170	
39,227	
Restricted for:
Debt service	
141,613	
70,842	
70,771	
Capital projects	4,216	‐	4,216	
Unrestricted	(3,317,797)	(52,299)	(3,265,498)	
Total net position (deficit)	(3,072,571)	78,713	(3,151,284)	
Total liabilities and net position	$	5,648,065	$	9,278,836	$	(3,630,771)	

For more detailed information, see the accompanying Statement of Net Position.

During the fiscal year ended September 30, 2021, total assets and liabilities decreased by approximately $3.6 million and $479,000, respectively. The decrease in assets and liabilities is due to current year capital asset conveyances and scheduled principal payments on the Series 2019 and 2020 Bonds, respectively.

The following schedule compares the Statement of Activities for the current and previous fiscal year.

For the year ended September 30,	2021	2020	Change	
Revenue:
Program revenue: Charges for services	

$	853,612	

$	1,750,503	

$	(896,891)	
Grants and contributions	122,837	355,274	(232,437)	
General revenue: Miscellaenous revenue	
498	
‐	
498	

Total revenue	
976,947	
2,105,777	
(1,128,830)	
Expenses:
General government	
249,441	
218,457	
30,984	
Maintenance and operations	137,760	‐	137,760	
Bond issue costs	‐	258,318	(258,318)	
Conveyance of capital assets	3,358,429	‐	3,358,429	
Interest	382,601	383,796	(1,195)	

Total expenses	
4,128,231	
860,571	
3,267,660	

Change in net position	
(3,151,284)	
1,245,206	
(4,396,490)	
Net position (deficit), beginning of year	78,713	(1,166,493)	1,245,206	

Net position (deficit), end of year	
$	(3,072,571)	
$	78,713	
$	(3,151,284)	

For more detailed information, see the accompanying Statement of Activities.

Revenue decreased from the prior year by approximately $1.1 million. The decrease in revenue is primarily due to a decrease in lot purchasers making optional prepayments in the current year. Expenses increased by approximately $3.3 million. The increase in expenses is primarily due to capital asset conveyances in the current year. The overall result was a decrease of $3,151,284 in net position for fiscal year 2021.

THE DISTRICT’S FUNDS

As the District completed the year, its governmental funds (as presented in the balance sheet on page 10) reported a combined fund balance of $766,307, which is an increase from last year’s fund balance that totaled $721,638. Significant transactions are discussed below.

During the year ended September 30, 2021, the District made principal and interest payments totaling $227,005 and $385,114, respectively.

During the year ended September 30, 2021, the District incurred approximately $95,000 of capital outlay expenditures.

The overall increase in fund balance for the year ended September 30, 2021 totaled approximately
$45,000.

CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2021, the District had approximately $4.9 million invested in capital assets. This amount represents a net decrease of approximately $3.4 million from the fiscal year 2020 total.

A listing of capital assets for the current and prior year follows:

September 30,	2021	2020	Change	

Capital assets not being depreciated	
$	‐	
$	8,228,570	
$	(8,228,570)	
Capital assets being depreciated	5,043,204	78,016	4,965,188	

Total, prior to depreciation	
5,043,204	
8,306,586	
(3,263,382)	
Accumulated depreciation	(164,185)	(2,096)	(162,089)	

Net capital assets	
$	4,879,019	
$	8,304,490	
$	(3,425,471)	

More information about the District's capital assets is presented in Note 4 to the financial statements.

Debt

At September 30, 2021, the District had approximately $8.5 million of outstanding debt. This amount represents a decrease of $210,000 from the fiscal year 2020 total.

A listing of debt amounts outstanding for the current and prior year is as follows:

September 30,	2021	2020	Change	

Special Assessment Bonds:			
Series 2019	$	4,865,000	$	5,000,000	$	(135,000)	
Series 2020A2	2,715,000	2,770,000	(55,000)	
Series 2020A3	935,000	955,000	(20,000)	

Total	
$	8,515,000	$	8,725,000	
$	(210,000)	

More information about the statements.	
District's long term debt is presented in Note 5	
to the financial	

GOVERNMENTAL FUNDS BUDGETARY HIGHLIGHTS

An Operating budget was established in the current year by the governing board for the District pursuant to the requirements of Florida Statutes. The budget to actual comparison for the general fund, including the original budget and final adopted budget, is shown at page 26.

The District experienced an unfavorable variance in revenue as compared to the budget in the amount of $18,550. Conversely, the district experienced a favorable variance in expenditures as compared to the budget in the amount of $79,960. The variance in expenditures occurred primarily due to anticipated landscape and maintenance and professional services expenditures that were not incurred during the year. Revenue varied due to developer contributions that were budgeted in the event of a shortfall, which did not occur in the current year.

FUTURE FINANCIAL FACTORS

Highland Meadows West Community Development District is an independent special district that operates under the provisions of Chapter 190, Florida Statutes. The District operates under an elected Board of Supervisors, which establishes policy and sets assessment rates. Assessment rates for fiscal year 2022 were established to provide for the operations of the District as well as the necessary debt service requirements.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide a general overview of the District’s finances. If you have questions about this report or need additional financial information, contact the Highland Meadows West Community Development District’s management company at 6200 Lee Vista Boulevard, Suite 300, Orlando, FL, 32822.

Basic Financial Statements

September 30,	2021	
	Governmental	
	Activities	
Assets		
Cash and cash equivalents	$	78,155	
Investments	671,622	
Assessment receivables	1,711	
Prepaid expenses
Capital assets:	17,558	
Depreciable, net	4,879,019	

Total assets	
5,648,065	

Liabilities		
Accounts payable	2,739	
Accrued interest payable
Non‐current liabilities:	152,440	
Due within one year	204,237	
Due in more than one year	8,361,220	

Total liabilities	
8,720,636	

Net position		
Net investment in capital assets Restricted for:	99,397	
Capital projects	4,216	
Debt service	141,613	
Unrestricted	(3,317,797)	

Total net position (deficit)	$	(3,072,571)

The accompanying notes are an integral part of these financial statements.
Highland Meadows West Community Development District
Statement of Activities

For the year ended September 30,			2021			
					Net (Expense)	
					Revenue and
Changes in	
			Program Revenue		Net Position	
		
Charges for	Operating Grants and	Capital Grants and	
Governmental	
Functions/Programs	Expenses	Services	Contributions	Contributions	Activities	
Primary government:						
Governmental activities:
General government	
$	(249,441)	
$	201,518	
$	3,000	
$	113,777	
$	68,854	
Maintenance and operations	(137,760)	111,294	‐	‐	(26,466)	
Capital asset conveyance	(3,358,429)	‐	‐	‐	(3,358,429)	
Interest	(382,601)	540,800	6,058	2	164,259	

Total governmental activities	
$	(4,128,231)	
$	853,612	
$	9,058	
$	113,779	
(3,151,782)	

General revenue

Miscellaneous revenue	498	
Total general revenue	498	
Change in net position	(3,151,284)	
Net position ‐ beginning of year	78,713	

Net position (deficit) ‐ end of year	
$	(3,072,571)	

The accompanying notes are an integral part of these financial statements.
‐ 10 ‐
	
General	
Debt Service	
Capital Projects	Total
Governmental Funds	
Assets
Cash and cash equivalents	
$	78,155	
$	‐	
$	‐	
$	78,155	
Investments	‐	667,406	4,216	671,622	
Assessments receivable	1,711	‐	‐	1,711	
Prepaid expenditures	17,558	‐	‐	17,558	
Total assets	$	97,424	$	667,406	$	4,216	$	769,046	

Liabilities and Fund Balances
Liabilities
Accounts payable	

$	2,739	

$	‐	

$	‐	

$	2,739	
Total liabilities	2,739	‐	‐	2,739	

Fund balances

Nonspendable		17,558		‐		‐		17,558	
Restricted for debt service		‐		667,406		‐		667,406	
Restricted for capital projects		‐		‐		4,216		4,216	
Unassigned		77,127		‐		‐		77,127	
Total fund balance		94,685		667,406		4,216		766,307	

Total liabilities and fund balance	
$	
97,424	
$	
667,406	
$	
4,216	
$	
769,046	

Total fund balances, governmental funds	$	766,307	
Capital assets used in governmental activities are not financial resources and therefore are not reported in the fund financial statements.	
4,879,019	
Liabilities not due and payable from current resources, including accrued		
interest, are not reported in the fund financial statements.	(8,717,897)	

Total net position (deficit) ‐ governmental activities	
$	(3,072,571)	

	Governmental Funds		
For the year ended September 30,		2021	
		Total	
		Debt	Capital	Governmental	
	General	Service	Projects	Funds	
Revenue			
Assessments	$ 312,812	$ 540,800	$	‐	$	853,612	
Prepayment revenue	3,000	6,020	‐	9,020	
Developer contributions	‐	‐	113,777	113,777	
Miscellaneous revenue	498	‐	‐	498	
Interest	‐	38	2	40	
Total revenue	316,310	546,858	113,779	976,947	

Expenditures
Current:

General government	87,352	‐	‐	87,352	
Maintenance and operations
Debt service:	137,760			137,760	
Principal	17,005	210,000	‐	227,005	
Interest	12,783	372,331	‐	385,114	
Capital outlay	‐	‐	95,047	95,047	
Total expenditures	254,900	582,331	95,047	932,278	

Excess (deficit) of revenue over					
expenditures	61,410	(35,473)	18,732	44,669	
Fund balance (deficit), beginning of year	33,275	702,879	(14,516)	721,638	
Fund balance, end of year	
$	94,685	
$ 667,406	
$	4,216	
$	766,307	
Balances of Governmental Funds to the Statement of Activities

For the year ended September 30,	2021
Net change in fund balances ‐ governmental fund	$	44,669

Capital outlay, reported as expenditures in the governmental funds, is shown as
capital assets on the Statement of Net Position.	95,047

Governmental funds report principal payments on bonds and notes payable when debt is paid, whereas these payments are eliminated in the Statement of Activities and recognized as a decrease in bonds and notes payable in the
Statement of Net Position.	227,005

The conveyance of capital assets has no impact on the fund level financial statements but is treated as revenue in the government‐wide Statement of
Activities.	(3,358,429)

Depreciation on capital assets is not recognized in the fund financial statements
but is reported as an expense in the Statement of Activities.	(162,089)

Bond discount amortization is not recognized in the fund financial statements
but is reported as an expense in the Statement of Activities.	(128)

The change in accrued interest between the current and prior year is recorded
on the Statement of Activities but not on the fund financial statements.	2,641

Change in net position of governmental activities
$	(3,151,284)

NOTE 1: NATURE OF ORGANIZATION

The Highland Meadows West Community Development District (the “District”) was established on July 10, 2018 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by Polk County Ordinance No. 18‐045. 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 a Board of Supervisors (“Board”), which is comprised of five members. The current Supervisors have been elected by the landowners. At September 30, 2021, all of the Supervisors are affiliated with the developer of the community, HMD West, LLC. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes.

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.

In evaluating how to define the government, for financial reporting purposes, management has considered all potential component units. The decision to include or exclude a potential component unit in the reporting entity was made by applying the criteria set forth by Generally Accepted Accounting Principles (GAAP) as defined by the Governmental Accounting Standards Board (GASB). Based on the foregoing criteria, no potential component units were found.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the District conform to GAAP as applicable to governments in accordance with those promulgated by GASB. The following is a summary of the more significant 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 the non‐fiduciary activities of the primary government. Governmental activities, which normally are supported by assessments, are reported separately from business‐type activities, which rely to a significant extent on fees and charges for support. The business‐type activities are reported separately in government‐wide financial statements; however, at September 30, 2021, the District did not have any significant business‐type activities. Therefore, no business‐type activities are reported. Assessments and other items not properly included as program revenues (i.e., charges to customers or applicants who purchase, use, or directly benefit from goods or services) are reported as general revenues.

Separate financial statements are provided for governmental funds. Major individual governmental funds are reported as separate columns in the fund financial statements.

Measurement Focus, Basis of Accounting and Basis of 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 the related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and other 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 the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable 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 District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments, including debt service assessments along with operation and maintenance assessments, are non‐ad valorem special assessments imposed on all lands located within the District and benefited by the District’s activities. Assessments are levied and certified for collection by the District prior to the start of the fiscal year which begins October 1st and ends on September 30th. Operation and maintenance special assessments are imposed upon all benefited lands located in the District. Debt service special assessments are imposed upon certain lots and lands as described in each resolution imposing the special assessment for each series of bonds issued by the District.

Assessments, developer contributions and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the District.

The District reports the following major governmental funds:

General Fund – The General Fund is the primary operating fund of the District. It is used to account for all financial resources except those required to be accounted for in other funds.

Debt Service Fund – The Debt Service Fund is used to account for the accumulation of resources for the annual payment of principal and interest on long‐term debt.

Capital Projects Fund – The Capital Projects Fund accounts for the financial resources to be used in the acquisition or construction of major infrastructure within the District.

For the year ended September 30, 2021, the District does not report any proprietary funds. 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, it is the District’s policy to use restricted resources first, then unrestricted resources as they are needed. When committed, assigned, or unassigned resources are available for use in the governmental fund financial statements, it is the government’s policy to use committed resources first, followed by assigned resources, then unassigned resources as needed.

Cash, Deposits and Investments

The District maintains deposits with "Qualified Public Depositories" as defined in Chapter 280, Florida Statutes. All Qualified Public Depositories must place with the Treasurer of the State of Florida securities in accordance with collateral requirements determined by the State’s Chief Financial Officer. In the event of default by a Qualified Public Depository, the State Treasurer will pay public depositors all losses. Losses in excess of insurance and collateral will be paid through assessments between all Qualified Public Depositories.

Under this method, all the District's deposits are fully insured or collateralized at the highest level of security as defined by GASB, Statement Number 40, Deposits and Investment Disclosures (An Amendment of GASB, Statement Number 3).

The District is authorized to invest in financial instruments as established by Section 218.415, Florida Statutes. The authorized investments include among others negotiable direct or indirect obligations which are secured by the United States Government; the Local Government Surplus Trust Funds as created by Section 218.405, Florida Statutes; SEC registered money market funds with the highest credit quality rating from a nationally recognized rating agency; and interest‐bearing time deposits or savings accounts in authorized financial institutions.

Capital Assets

Capital assets, which include primarily infrastructure assets (e.g., roads, sidewalks, water management systems and similar items), are reported in the governmental activities column in the government‐wide financial statements. Capital assets are defined by the District as assets with an initial/individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost and estimated historical cost if purchased or constructed. Donated 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 asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment of the primary government are depreciated using the straight‐line method over the estimated useful lives. Estimated useful lives for financial reporting purposes are as follows: Equipment – 20 years; Infrastructure – 15 to 40 years.

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Deferred Outflows/Inflows of Resources

In addition to assets, the statement of financial position and balance sheet – governmental funds 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. The District does not have any of this type of item at September 30, 2021.

In addition to liabilities, the statement of financial position and balance sheet – governmental funds will sometimes 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. The District does not have any of this type of item at September 30, 2021.

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 over the life of the bonds using the straight‐line or effective interest method. Bonds payable are reported net of these premiums or discounts. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as current period expenses.

In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of the 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.

Fund Equity

Net position in the government‐wide financial statements represents the difference between assets and deferred outflows of resources and liabilities and deferred inflows of resources and is categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents assets related to infrastructure and property, plant and equipment, net of any related debt. Restricted net position represents the assets restricted by the District’s bond covenants.

Governmental fund equity is classified as fund balance. Fund balance is further classified as nonspendable, restricted, committed, assigned, or unassigned. Nonspendable fund balance cannot be spent because of its form. Restricted fund balance has limitations imposed by creditors, grantors, or contributors or by enabling legislation or constitutional provisions. Committed fund balance is a limitation imposed by the District board through approval of resolutions. Assigned fund balance is a limitation imposed by a designee of the District board. Unassigned fund balance in the General Fund is the net resources in excess of what can be properly classified in one of the above four categories. Negative unassigned fund balance in other governmental funds represents excess expenditures incurred over the amounts restricted, committed, or assigned to those purposes.

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Budgets

The District is required to establish a budgetary system and an approved annual budget. Annual budgets are legally adopted on a basis consistent with GAAP for the General Fund. Any revision to the budget must be approved by the District Board. The budgets are compared to actual expenditures. In instances where budget appropriations and estimated revenues have been revised during the year, budget data presented in the financial statements represent final authorization amounts.

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.
A public hearing is conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board, unless otherwise delegated by the District Board.
Budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.

Subsequent Events

Management has evaluated subsequent events through the date that the financial statements were available to be issued, June 29, 2022, and determined there were no events that occurred that require disclosure. No subsequent events occurring after this date have been evaluated for inclusion in these financial statements.

NOTE 3: INVESTMENTS

The District’s investments consist of money market funds in which shares are owned in the fund rather than the underlying investments. In accordance with GASB 72, Fair Value Measurement and Application, these amounts are reported at amortized cost.

Concentration risk – The District’s investment policy requires diversification, but does not specify limits on types of investments.

Custodial credit risk – For an investment, custodial credit risk is the risk that the District will not be able to recover the value of the investments or collateral securities that are in the possession of an outside party. The District has no formal policy for custodial risk. At September 30, 2021, the money market funds are not exposed to custodial credit risk because their existence is not evidenced by securities that exist in physical or book entry form.

Interest Rate Risk – The district does not have a formal policy for addressing interest rate risk; however, investments are made with discretion to seek reasonable returns, preserve capital, and in general, avoid speculative investments. The District manages its exposure to declines in fair values from interest rate changes by reviewing the portfolio on an ongoing basis for changes in effective yield amounts.

The following is a summary of the District’s investments:

September 30,	2021	Credit Risk  Maturities

Short‐term Money Market Funds
$	671,622
S&P AAAm	13 days

NOTE 4: CAPITAL ASSETS

The following is a summary of changes in the capital assets for the year ended September 30, 2021:

	Beginning
Balance	
Additions	Transfers and
Conveyances	Ending
Balance	
Governmental Activities:
Capital assets not being depreciated Infrastructure under construction	
$ 8,228,570	
$	95,047	
$ (8,323,617)	
$	‐	
Total capital assets, not being depreciated	8,228,570	95,047	(8,323,617)	‐	
Capital assets being depreciated Infrastructure	
‐	
‐	
4,965,188	
4,965,188	
Equipment	78,016	‐	‐	78,016	
Total capital assets, being depreciated	78,016	‐	4,965,188	5,043,204	
Less accumulated depreciation Infrastructure	
‐	
(158,188)	
‐	
(158,188)	
Equipment	(2,096)	(3,901)	‐	(5,997)	
Total accumulated depreciation	(2,096)	(162,089)	‐	(164,185)	
Total capital assets, being depreciated, net	75,920	(162,089)	4,965,188	4,879,019	
Governmental activities capital assets, net	$ 8,304,490	$	(67,042)	$ (3,358,429)	$ 4,879,019	

The net proceeds from the Series 2019 Bonds have been used to fund a portion of the infrastructure associated with Phase 1 of the Development. Phase 1 includes 266 single‐family residential lots. The net proceeds from the Series 2020 Bonds have been used to fund a portion of the infrastructure associated with Assessment Area 2 and Assessment Area 3 of the Development. The Assessment Area 2 Project includes 130 single‐family units. The Assessment Area 3 Project includes 46 single‐family units. The infrastructure includes stormwater management systems, utilities, roadways, entry features and signage, amenities, parks and recreation facilities and off‐site improvements.
Highland Meadows West Community Development District
Notes to Financial Statements

NOTE 4: CAPITAL ASSETS (Continued)

All three projects were certified to be complete in February 2021. The total cost of the capital improvement projects was approximately $9.7 million including the Series 2019 project costs of approximately $6.5 million and the Series 2020 projects’ costs of approximately $3.2 million. In connection with the project completion, approximately $3.4 million of infrastructure assets was conveyed to other governments.

NOTE 5: BONDS PAYABLE

In April 2019, the District issued $6,385,000 of Special Assessment Bonds, Series 2019, consisting of
$575,000 Term Bonds, $695,000 Term Bonds, $1,960,000 Term Bonds, and $3,155,000 Term Bonds with interest rates of 4.000%, 4.125%, 4.875% and 5.000%. The Series 2019 bonds were issued to fund the planning, financing, acquisition, construction, equipping and installation of the Series 2019 Project. Interest is paid semiannually on each May 1 and November 1. Principal payments on the Series 2019 $575,000 Term Bonds are made serially commencing on November 1, 2020 through November 1, 2024. Principal payments on the Series 2019 $695,000 Term Bonds are made serially commencing on November 1, 2025 through November 1, 2029. Principal payments on the Series 2019
$1,960,000 Term Bonds are made serially commencing on November 1, 2030 through November 1, 2039. Principal payments on the Series 2019 $3,155,000 Term Bonds are made serially commencing on November 1, 2040 through November 1, 2049.

In February 2020, the District issued $3,725,000 of Series 2020A Bonds, consisting of $2,770,000 for the Assessment Area 2 Project and $955,000 for the Assessment Area 3 project with interest rates ranging from 2.875% to 4.000%. The Series 2020A bonds were issued to fund the planning, financing, acquisition, construction, and installation of the Assessment Area 2 and 3 projects. Interest is paid semiannually on each May 1 and November 1. Principal payments on the $2,770,000 Assessment Area 2 Project are made serially commencing on May 1, 2021 through May 1, 2050. Principal payments on the $955,000 Assessment Area 3 Project are made serially commencing on May 1, 2021 through May 1, 2050.

The Bond Indentures require that the District maintain adequate funds in reserve accounts to meet the debt service reserve requirements as defined in the Indentures. The requirements have been met for the fiscal year ended September 30, 2021.

The Bond Indentures have certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedure to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District is in compliance with the requirements of the Bond Indentures.

At September 30, 2021, the scheduled debt service requirements on bonds payable were as follows:

Total Debt
Year Ending September 30,	Principal	Interest	Service
2022	$	185,000	$	362,897	$	547,897	
2023	195,000	355,482	550,482	
2024	200,000	348,482	548,482	
2025	205,000	341,282	546,282	
2026	210,000	333,904	543,904	
2027 ‐ 2031	1,190,000	1,540,441	2,730,441	
2032 ‐ 2036	1,455,000	1,267,934	2,722,934	
2037 ‐ 2041	1,880,000	908,219	2,788,219	
2042 ‐ 2046	2,230,000	397,050	2,627,050	
2047 ‐ 2050	765,000	77,800	842,800	
	$	8,515,000	$	5,933,491	$	14,448,491	

NOTE 6: NOTES PAYABLE

In October 2019, the District obtained a note payable totaling $28,750 for the purchase of playground equipment. The note is payable in 48 monthly payments of $771 each, bears interest at 13.005% and matures in November 2023.

In June 2020, the District obtained a note payable totaling $49,265 for the purchase of playground equipment. The note is payable in 48 monthly payments of $1,298 each, bears interest at 12.01% and matures in July 2024.

At September 30, 2021, the future annual principal payments on the notes payable were as follows:

2022	$	19,237	
2023	21,763	
2024	13,052	
	$	54,052	

Long‐term liability activity for the year ended September 30, 2021 was as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental Activities
Bonds payable: Series 2019	

$	5,000,000	

$	‐	

$	(135,000)	

$  4,865,000	

$	110,000	
Series 2020A2	2,770,000	‐	(55,000)	2,715,000	55,000	
Series 2020A3	955,000	‐	(20,000)	935,000	20,000	
Bond discount	(3,723)	‐	128	(3,595)	‐	
Total bonds payable	8,721,277	‐	(209,872)	8,511,405	185,000	
Notes Payable:						
Playground equipment	71,057	‐	(17,005)	54,052	19,237	
	$	8,792,334	$	‐	$	(226,877)	$  8,565,457	$	204,237	

NOTE 8: 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 maintains commercial insurance coverage to mitigate the risk of loss. Coverage may not extend to all situations. Management believes such coverage is sufficient to preclude any significant uninsured losses to the District. As of the date of this report, the District has not filed any claims against this commercial coverage.

NOTE 9: MANAGEMENT COMPANY

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 District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 10: RELATED PARTY TRANSACTIONS

In 2020, the District and the Developer, HMD West, LLC, entered into two agreements for the collateral assignment and assumption of development rights relating to the assessment area 2 project and assessment area 3 project. In accordance with these agreements, the Developer collaterally assigned to the District, to the extent assignable, all Developer’s development rights, permits, entitlements and work product relating to the development of the Assessment Area 2 Project and Assessment Area 3 Project (see Note 4), and Developer’s rights as declarant of any property owner or homeowner association with respect to both projects, as security for the Developer’s payment and performance of its obligations arising under the Bond Documents.

In 2020, the District entered into two agreements with Orchid Terrace Development, LLC, an owner and developer of certain lands within the District, for the acquisition of work product, improvements and real property for the Assessment Area 2 Project and the Assessment Area 3 Project (see Note 4). In conjunction with these projects, the District and Orchid Terrace Development, LLC entered into a cost share agreement, whereby Orchid Terrace was responsible for the project costs including excavation or disposal of trash or any other unforeseen site conditions, any extended warranty, landscaping or irrigation, well abandonment, power relocation or removal, and fencing, which were not included in the District’s capital improvement projects plan. Under the terms of these agreements, Orchid Terrace Development, LLC remitted $113,777 to the District, which are recorded as Developer contributions on the accompanying Statement of Revenue, Expenses and Fund Balance – Governmental Funds. These projects were completed in February 2021.

NOTE 11: INTERLOCAL AGREEMENT

In 2019, the District entered into an interlocal agreement with Davenport Road South Community Development District for its share of the amenity costs. The allocation is based on the number of assessable units developed and to be developed within each District. The District’s initial share of the amenity budget expenses is approximately 52%. During the year ended September 30, 2021, the District incurred expenses totaling $62,409 for its share of the operations and maintenance of the amenity center.

Required Supplemental Information (Other than MD&A)

For the year ended September 30,		2021		
	Original and	Actual	Variance with	
	Final Budget	Amounts	Final Budget	

Revenue				
Assessments	$	308,295	$	312,812	$	4,517	
Developer contributions	26,565	‐	(26,565)	
Prepayment revenue	‐	3,000	3,000	
Miscellaneous revenue	‐	498	498	
Total revenue	334,860	316,310	(18,550)	

Expenditures				
General government	142,275	87,352	54,923	
Maintenance and operations
Debt service: Principal	192,585

‐	137,760

17,005	54,825
‐
(17,005)	
Interest	‐	12,783	(12,783)	
Total expenditures	334,860	254,900	79,960	
Excess of revenue over expenditures	
$	‐	
$	61,410	
$	61,410	

To the Board of Supervisors
Highland Meadows West Community Development District Polk County, 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 Highland Meadows West Community Development District (hereinafter referred to as the “District”), as of and for the year ended September 30, 2021, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our report thereon dated June 29, 2022.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness 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 consideration of 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 any deficiencies in 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 grant agreements, noncompliance with which could have a direct and material effect on the financial statements. 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 District’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 29, 2022

Report on the Financial Statements

We have audited the financial statements of the Highland Meadows West Community Development District (“District”) as of and for the fiscal year ended September 30, 2021, and have issued our report thereon dated June 29, 2022.

Auditors’ 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, issued by 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 Auditors’ Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountant’s Report on an examination conducted in accordance with AICPA 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 June 29, 2022, should be considered in conjunction with this management letter.

Prior Audit Findings

Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual audit report.

Official Title and Legal Authority

Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. The information required is disclosed in the notes to the financial statements.
Financial Condition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.

Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management’s responsibility to monitor the District’s 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.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Specific Information

As required by section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the Highland Meadows West Community Development District reported:

The total number of district employees compensated in the last pay period of the district’s fiscal year as 0.

The total number of independent contractors to whom nonemployee compensation was paid in the last month of the district’s fiscal year as 0.

All compensation earned by or awarded to employees whether paid or accrued, regardless of contingency as $0.

All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $0.

Each construction project with a total cost of at least $65,000 approved by the district that is scheduled to begin on or after October 1 of the fiscal year being reported, together with the total expenditures for such project as $95,047.

The District did not amend its final adopted budget under Section 189.016(6).

As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7, Rules of the Auditor General, the Highland Meadows West Community Development District reported:

The rate or rates of non‐ad valorem special assessments posed by the district as $2,052 and
$2,054 for single family residential units.

The total amount of special assessment collected by or on behalf of the district as $853,612.
The total amount of outstanding bonds issued by the District as $8,515,000.

Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate 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. In connection with our audit, we did not note any such findings.

Purpose of this Letter

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

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 29, 2022

We have examined Highland Meadows West Community Development District ’s compliance with the requirements of Section 218.415, Florida Statutes, Local Government Investment Policies, during the year ended September 30, 2021. Management of the District is responsible for the District’s compliance with the specified requirements. Our responsibility is to express an opinion on the 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 plan and performed the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced above. 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 of 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 year ended September 30, 2021.

This report is intended solely for the information and use of management and the State of Florida Auditor General and is not intended to be and should not be used by anyone other than these specified parties.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 29, 2022

Section X

Section B

Section 1

HIGHLAND MEADOWS WEST
COMMUNITY DEVELOPMENT DISTRICT
Stormwater Management Projection Report (Section 403.9302 F.S.)
JUNE 21, 2022		

	
ORIGINAL	

SUBMITTED BY	
SUBMITTED TO	
Dewberry Engineers Inc.	Highland Meadows West CDD	
800 Magnolia Avenue	GMS – Jill Burns - District Manager	
Suite 1000	219 East Livingston Street	
Orlando, Florida 32803	Orlando, FL 32801	
407.843.5120		
	Polk County BOCC
E-Mail: tabithabiehl@polk-county.net	

Stormwater Management Projection Report

Table of Contents
Introduction	2
Detailed Description of the Stormwater System	2
Number of Current and Projected Residents	3
Stormwater Service Area	3
Current and Projected Costs of Providing Service	3
Estimated Remaining Useful Life	3
Recent 5-Year Funding Status	4
Plan to Fund Maintenance or Expansion	4
Report Submittal and Documentation	4
Engineer’s Certification	4
Table of Tables
Table 3.1 Population Projections	3
Table 5.1 Cost Projections	3
Table 6.1 Major Replacement Schedule	4
Table 7.1 Funding Sources	4

Introduction
This report has been prepared to meet the requirements of Section 403.9302 Florida Statutes (F.S) – Stormwater Management Projections. The Highland Meadows West Community Development District (the “District” or “CDD”) does not provide wastewater services and thus is not required to submit a wastewater service projections report under 403.9301 F.S.

The CDD is located within Polk County (“County”) and partially within Haines City ("City';) , Florida. Section 403.9302(1) specifies independent special districts, including Highland Meadows West CDD, must provide a report to the County by June 30, 2022. The rule was enacted in 2021 and requires a report submittal every 5 years beginning in 2022. This report has been prepared and submitted to satisfy the reporting requirements for 2022.

The District is located on the east side of US Highway 27 and north of Patterson Road, east and west of Orchid Drive (see also Exhibit 1). The CDD consists of approximately 88 acres, 442 single family – 50- foot lots and open space areas. The development has been constructed in one (1) phase. The District is approved for up to 396 units along with the associated stormwater infrastructure. The CDD is designated as Residential Planned Unit Development. The land use is designated as Residential Low Density Residential North Ridge (LDRNR) and zoning for the development is Residential Planned Unit Development (RPUD).

Detailed Description of the Stormwater System
Stormwater management facilities consisting of storm conveyance systems and retention/detention ponds are contained within the District boundaries (see Exhibit 2). Stormwater is discharged via roadway curb and gutter and storm inlets. Storm culverts convey the runoff into the existing stormwater detention/retention ponds for water quality treatment and attenuation. The stormwater systems utilize dry detention/retention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District’s stormwater treatment systems are regulated by the County and the Southwest Florida Water Management District (“SWFWMD”).

The system is designed to provide drainage and flood abatement such as flooding events associated with rainfall and hurricanes for water quality improvements and to reduce vulnerability to adverse impacts from flooding related to increases in frequency and duration of rainfall events. The system falls within the Federal Emergency Management Agency (“FEMA”) Flood Insurance Rate Map Panel No. 12105C0219G, dated December 22, 2016, and is located within Flood Zone X. The 100-year flood volumes are compensated as required by the County, SWFWMD, and FEMA.

Specifically, the system includes a stormwater system consisting of dry ponds for the treatment and total retention of the runoff that is carried out and collected in pipes, curbs, and surfaces to convey this runoff. These systems discharge to the ground through percolation. The SWFWMD regulates the design criteria for District stormwater management facilities. The District has adhered to the design criteria of these agencies, which requires that drainage systems be designed to hold a 100-year, 24-hour rainfall event. Treatment of stormwater will be provided in accordance with the design guidelines for dry retention systems as mandated by the SWFWMD. Stormwater runoff is collected by curbs and stormwater conveyance surfaces with drainage inlets and an underground storm pipe system conveyed to the retention ponds. The overall drainage system is shown on the Master Stormwater Plan, Exhibit 2. The District provides funding on a yearly basis for the maintenance of said detention/retention ponds/lakes. These improvements are owned and maintained by the District. The system consists of eight (8) dry ponds and swales (see Exhibit 2).

The stormwater operation and maintenance program includes, but is not limited to:
routine mowing of turf associated with stormwater ponds, swales, lake banks;
debris and trash removal from pond skimmers, inlet grates, ditches, etc.;
routine outfall structure cleaning;

sediment removal from the stormwater system (i.e. by use of vacuum trucks);
muck removal where legacy pollutants are dredged;
street sweeping;
pump and mechanical irrigation system maintenance for irrigation pumps; and
public outreach and education.

Number of Current and Projected Residents
The number of current and projected residents are required to be calculated in 5-year increments for a 20-year period. Unlike a city or county service area, the CDD’s jurisdiction is very limited and cannot be expanded or contracted without a public hearing and approvals from the local municipality.

Additionally, the supplemental rule instructions provided by the Office of Economic and Demographic Research (“EDR”) states when an independent special district completely falls within a county or a municipality, EDR will calculate the appropriate population estimates. Highland Meadows West CDD falls within Haines City, Polk County, Florida.

Table 3.1 Population Projections
POPULATION PROJECTIONS IN 5-YEAR INCREMENTS					
6/2022	6/2027	6/2032	6/2037	6/2042	
To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	To be calculated by EDR	

Stormwater Service Area
The Highland Meadows West CDD service area consists of the District lands as shown in Exhibit 2 and included in the service area map (Exhibit 3) and legal description (Exhibit 4). The project is currently developed with all stormwater improvements completed for all phases.

Current and Projected Costs of Providing Service
Table 5.1 provides for a 20-year period, calculated in 5-year increments, with an estimated increase of 10% every five (5) years.

Table 5.1 Cost Projections
CURRENT AND PROJECTS COSTS OF PROVIDING SERVICE BASED ON FISCAL YEAR					
2022	2027	2032	2037	2042	
$220,000	$241,500	$265,650	$292,215	$311,437	

Estimated Remaining Useful Life
The estimated remaining useful life of the stormwater system and facilities is 25-years. The system is monitored on an annual basis and replacement as well as repairs are provided as needed to the components of the system. The replacement of the inlets, control outfall structures but should not be a major expense to the district within the next 20-years. No major replacements, which include culverts and pipe networks, control structures, etc., are expected within the next 20-years. All open stormwater storage and conveyance systems are maintained and have an unlimited service life.

Table 6.1 Major Replacement Schedule
MAJOR REPLACEMENT SCHEDULE WITH FUNDING						
PROJECT	CURRENT (2022)	2023-2027	2028-2032	2033-2037	2038-2042	
Project name	N/A	N/A	N/A	N/A	N/A	

Recent 5-Year Funding Status
The District has continually provided for all expenditures within the District over the last 5-year history of annual contributions. All funding is obtained through the property tax authority of the District through annual assessments to each unit within the District. The District’s current reserve fund is approximately
$5,425, which is sufficient for future capital needs for maintenance or expansion of facilities or major components.

Table 7.1 Funding Sources
5-YEAR FUNDING SOURCES					
YEAR	ANTICIPATED EXPENDITURES*	BUDGET FUNDS AVAILABLE	RESERVES FUND BALANCE	OTHER	
2022	$220,000	CDD Property Assessments	$5,425	N/A	
2023	$224,400	CDD Property Assessments	TBD Annually	N/A	
2024	$228,888	CDD Property Assessments	TBD Annually	N/A	
2025	$233,466	CDD Property Assessments	TBD Annually	N/A	
2026	$238,135	CDD Property Assessments	TBD Annually	N/A	
*Increase of 2% per year					

Plan to Fund Maintenance or Expansion
Due to the CDD’s funding mechanisms, there are no anticipated funding gaps or unfunded projects.

Report Submittal and Documentation
As required by rule, this report is being submitted to Polk County. The County is required to compile all reports for their county and submit a consolidated report to the State by July 31, 2022. The attached exhibits include supporting data and illustrations. When used, calculation methodologies have been described in the above narratives.

Engineer’s Certification
I hereby certify that the foregoing is a true and correct copy of the report for Highland Meadows West Community Development District. Dewberry staff has field verified the operation and maintenance status of the existing stormwater system and the system is functioning as designed and permitted.

Reinardo Malavè, P.E. Florida License No. 31588 Dewberry Engineers Inc.
VU27	£¤17
£¤92

Bonnet Lake

Lake Lowery

Hammock Lake
Tower Lake

HIGHLAND MEADOWS WEST AERIAL LOCATION MAP

Exhibit 1

Legend
DISTRICT BOUNDARY
µ0	1,000

2,000
Feet
1 inch = 2,000 feet

HIGHLAND MEADOWS STORMWATER MANAGEMENT

Exhibit 2
Legend
DISTRICT BOUNDARY CDD OWNED
FACILITIES
0
CDD OWNED - PONDS
125
250
Feet
1 inch = 250 feet

HIGHLAND MEADOWS SERVICE AREA MAP

Exhibit 3
Legend
DISTRICT BOUNDARY
CDD OWNED
CDD OWNED - PONDS
0	125
250
Feet
1 inch = 250 feet

HIGHLAND MEADOWS WEST LEGAL DESCRIPTION
Exhibit 4

HIGHLAND MEADOWS WEST LEGAL DESCRIPTION
Exhibit 4

HIGHLAND MEADOWS WEST LEGAL DESCRIPTION
Exhibit 4

HIGHLAND MEADOWS WEST LEGAL DESCRIPTION
Exhibit 4

Section C
Highland Meadows West CDD
Field Management Report

August 18, 2022 Clayton Smith
Field Services Manager GMS

Installed private property signs adjacent to Lassen St Playground to discourage foot traffic through private lots.

Lighting on Lassen St is having problems.
Working to coordinate Duke to make needed repairs.
Working to replace street signs with typos.

Highland Meadows West CDD Field Management Report | GMS 2022

Highland Meadows West CDD Field Management Report | GMS 2022

Section 1
HIGHLAND MEADOWS WEST CDD
{ORCHID TERRACE)
MISSING SOD JANUARY 07, 2022

TRACT "L"	LOTS 155-160 {DENALI ST)
TRACT "D"	BY 188 DENALI {LOT 21)

TRACT "L"	BY 149/153 DENALI {LOTS 162/163)

HIGHLAND MEADOWS WEST CDD
{ORCHID TERRACE) MISSING SOD
JANUARY  07, 2022	,.

137S8'

50'	50'

60'	1
50'

::!	b	27 I? 28
50'

29
50'
bO'
€15
32	0	34	b  35	1
24	25
000240 000250
26
- 000260
000270  000260
000290
000320
33
000330
000340  000350
1
50	50	<10'
'1,
............
b,n
21 000210	:,
12532'
?,	25'	50'
b  157
50'
156	'f55	153
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(]	bO'	50'	62 51'
150 ;::	1-i,-	147
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60'
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146 110'

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17
000170

16
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001590

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002670
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PRIVATE ROADS
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143

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O Areas missing sod

PO Box 116
Lutz, Florida 33548
Estimate

Date	Estimate #	
8/2/2022	1172	

	P.O. No.			
				
Description	Qty	Cost	Total	

Tract D - Bahia Sod - sf Spray and grading

Tract L Lots 162/163 - sf Spray and grading

Tract L Lots 155-160 - sf Spray and grading	
1,900
1

3,000
1

10,200
1	
0.35
300.00

0.35
300.00

0.35
950.00	
665.00
300.00

1,050.00
300.00

3,570.00
950.00	
Approved by:	 Title:			Total	$6,835.00			

Duval Landscape Maintenance 7011 Business Park Blvd N Jacksonville, FL 32256 www.duvallandscape.com
PROPOSAL

Date	Proposal No.		
08/03/22	21176	

 	

Description of Services Included

Spray all weeds

Mow Sprayed Area

Grade and Prepare Area for New Turf Installation

Install new Bahia Turf

Roll Turf for Flush Finish

Debris clean up is included
*If approved, work can commence within 2 weeks*

DESCRIPTION
North Blvd Turf Installation by Section
Tract "D" by 188 Denali (Lot 21)
Bahia Sod Install per Pallet, Weed Removal, Mow Area, Grade and Roll Newly Installed Turf, Includes Debris Removal
Tract "L' Lots 155-160 (Denali St)
Bahia Sod Install per Pallet, Weed Removal, Mow Area, Grade and Roll Newly Installed Turf, Includes Debris Removal
Tract "L" By 149-153 Denali (Lots 162 & 163)
Bahia Sod Install per Pallet, Weed Removal, Mow Area, Grade and Roll Newly Installed Turf, Includes Debris Removal

Page	1/2

By	By
Joshua Feagin

Date
8/3/2022

Date

Duval Landscape Maintenance	Highland Meadows West CDD

Page	2/2

Section D

Section 1
Highland Meadows West
Community Development District
Summary of Checks

May 11, 2022 to August 9, 2022

Bank	Date	Check No.'s	Amount	

General Fund	
5/16/22	
329-332	
$	45,805.50	
	5/26/22	333-341	$	6,152.17	
	6/2/22	342-343	$	4,187.57	
	6/21/22	344-347	$	13,519.03	
	6/24/22	348	$	145.00	
	7/6/22	349-351	$	6,215.31	
	7/8/22	352-353	$	1,700.00	
	7/27/22	354	$	77,146.65	
	7/29/22	355-357	$	9,087.40	
			$	163,958.63	
			$	163,958.63	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/10/22	PAGE	1
*** CHECK DATES 05/11/2022 - 08/09/2022 ***	GENERAL FUND
BANK A HIGHLAND MEADOW WEST
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/16/22 00035	3/31/22 00044793 202203 310-51300-48000	*	920.00
DEBIT ADJUSTMENT - 8/1/21
CA FLORIDA HOLDINGS, LLC	920.00 000329
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
126	202202 330-53800-54000	*	420.00
INSTALL PARKING SIGN 2/22
127	202203 330-53800-54000	*	320.00
ANT TREATMENT/INSTAL SIGN
124	202205 310-51300-34000	*	3,004.17
MANAGEMENT FEES MAY 22
124	202205 310-51300-35200	*	100.00
WEBSITE ADMIN MAY 22
124	202205 310-51300-35100	*	150.00
INFO TECHNOLOGY MAY 22
124	202205 310-51300-31300	*	833.33
DISSEMINATION MAY 22
124	202205 310-51300-51000	*	3.04
OFFICE SUPPLIES
5/01/22 124	202205 310-51300-42000	*	9.22
POSTAGE
5/01/22 125	202205 320-53800-12000	*	625.00
FIELD MANAGEMENT MAY 22
5/01/22 125	202205 320-53800-49000	*	5.69
GEN MAINTENANCE MATERIALS
GOVERNMENTAL MANAGEMENT SERVICES	5,470.45 000330
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/16/22 00024	5/13/22 05132022 202205 300-20700-10200	*	21,145.42
ASSESS TRNSF S2019
5/13/22 05132022 202205 300-20700-10200	*	10,334.23
ASSESS TRNSF S2020 A2
5/13/22 05132022 202205 300-20700-10200	*	3,656.73
ASSESS TRNSF S2020 A3
HIGHLAND MEADOWS WEST CDD C/O	35,136.38 000331
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/16/22 00026	4/01/22 5693	202204 320-53800-46200	*	4,278.67
LANDSCAPE MAINT - APR 22
PRINCE & SONS INC.	4,278.67 000332
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/26/22 00029	5/16/22 6170-05- 202205 310-51300-31200	*	450.00
SPECIAL ASSESS BOND SER19
AMTEC	450.00 000333
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/26/22 00008	5/18/22 AR051820 202205 310-51300-11000	*	200.00
SUPERVISOR FEE - 5/18/22
ANDREW RHINEHART	200.00 000334
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
HIMW --HIGH WEST--	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/10/22	PAGE	2
*** CHECK DATES 05/11/2022 - 08/09/2022 ***	GENERAL FUND
BANK A HIGHLAND MEADOW WEST
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/26/22 00041	5/18/22 BH051820 202205 310-51300-11000	*	200.00
SUPERVISOR FEE - 5/18/22
BOBBIE HENLEY	200.00 000335
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/26/22 00043	5/18/22 JK051820 202205 310-51300-11000	*	200.00
SUPERVISOR FEE - 5/18/22
JESSICA KOWALSKI	200.00 000336
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/26/22 00045	5/18/22 JF051820 202205 310-51300-11000	*	200.00
SUPERVISOR FEE - 5/18/22
JUSTIN KEITH FRYE	200.00 000337
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/26/22 00036	5/17/22 2370	202204 310-51300-31500	*	223.50
GENERAL COUNSEL - APR 22
KE LAW GROUP, PLLC	223.50 000338
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/26/22 00044	5/18/22 LR051820 202205 310-51300-11000	*	200.00
SUPERVISOR FEE - 5/18/22
LINDSEY RODEN	200.00 000339
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/26/22 00046	5/18/22 PM051820 202205 310-51300-11000	*	200.00
SUPERVISOR FEE - 5/18/22
PATRICK MARONE	200.00 000340
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/26/22 00026	5/01/22 5926	202205 320-53800-46200	*	4,278.67
LANDSCAPE MAINT - MAY 22
PRINCE & SONS INC.	4,278.67 000341
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/02/22 00015	5/27/22 17373081 202205 310-51300-32200	*	4,000.00
AUDIT SERVICE FYE 9/30/21
CARR, RIGGS, & INGRAM, LLC	4,000.00 000342
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/02/22 00026	5/16/22 6006	202205 320-53800-47300	*	187.57
IRR MAINT IN ZONE 15&31
PRINCE & SONS INC.	187.57 000343
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/21/22 00001	6/01/22 128	202206 310-51300-34000	*	3,004.17
MANAGEMENT FEES JUN 22
6/01/22 128	202206 310-51300-35200	*	100.00
WEBSITE ADMIN JUN 22
6/01/22 128	202206 310-51300-35100	*	150.00
INFO TECHNOLOGY JUN 22
6/01/22 128	202206 310-51300-31300	*	833.33
DISSEMINATION JUN 22
6/01/22 128	202206 310-51300-51000	*	3.61
OFFICE SUPPLIES
HIMW --HIGH WEST--	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/10/22	PAGE	3
*** CHECK DATES 05/11/2022 - 08/09/2022 ***	GENERAL FUND
BANK A HIGHLAND MEADOW WEST
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/01/22 128	202206 310-51300-42000	*	88.80
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES	4,179.91 000344
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/21/22 00024	6/17/22 06172022 202206 300-20700-10200
ASSESS TRNSF S2019
6/17/22 06172022 202206 300-20700-10200
ASSESS TRNSF S2020 A2
6/17/22 06172022 202206 300-20700-10200
ASSESS TRNSF S2020 A3
- - - - - - - -
HIGHLAND MEADOWS WEST CDD C/O	5,110.74 000345
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/21/22 00036	6/08/22 2742	202205 310-51300-31500	*	511.00
GENERAL COUNSEL - MAY 22

FEES EXP. FY22
1,548.91

DEWBERRY ENGINEERS, INC	145.00 000348
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/06/22 00035	5/31/22 00046219 202205 310-51300-48000	*	373.62
MEETING 5/18/22
CA FLORIDA HOLDINGS, LLC	373.62 000349
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/06/22 00001	5/31/22 130	202204 320-53800-47400	*	160.00
REPAIRED FENCE - APR 22
6/01/22 129	202206 320-53800-12000	*	625.00
FIELD MANAGEMENT - JUN 22
6/01/22 129	202206 320-53800-47400	*	507.39
GEN MTHLY MAINT MATERIALS
GOVERNMENTAL MANAGEMENT SERVICES	1,292.39 000350
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/06/22 00026	5/27/22 6076	202205 320-53800-47300	*	196.44
MAIN LINE LEAK-IRRIG RPR
6/01/22 6136	202206 320-53800-46200	*	4,278.67
LANDSCAPE MAINT - JUN 22
6/16/22 6210	202206 320-53800-47300	*	74.19
IRRIGATION LABOR
PRINCE & SONS INC.	4,549.30 000351
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
HIMW --HIGH WEST--	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/10/22	PAGE	4
*** CHECK DATES 05/11/2022 - 08/09/2022 ***	GENERAL FUND
BANK A HIGHLAND MEADOW WEST
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/08/22 00015	6/30/22 17395531 202206 310-51300-32200	*	1,500.00
AUDIT SERVICE FYE 9/30/21
CARR, RIGGS, & INGRAM, LLC	1,500.00 000352
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/08/22 00047	5/18/22 DA051820 202205 310-51300-11000	*	200.00
SUPERVISOR FEE - 5/18/22
DANIEL ARNETTE	200.00 000353
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/27/22 00025	6/30/22 2	202206 330-53800-53000	*	77,146.65
INTERLOCAL AGREEMENT FY22
DAVENPORT ROAD SOUTH CDD	77,146.65 000354
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/29/22 00001	7/01/22 131	202207 310-51300-34000	*	3,004.17
MANAGEMENT FEES - JUL 22
7/01/22 131	202207 310-51300-35200	*	100.00
WEBSITE ADMIN - JUL 22
7/01/22 131	202207 310-51300-35100	*	150.00
INFORMATION TECH - JUL 22
7/01/22 131	202207 310-51300-31300	*	833.33
DISSEMINATION SVCS-JUL 22
7/01/22 131	202207 310-51300-51000	*	.54
OFFICE SUPLIES
7/01/22 131	202207 310-51300-42000	*	9.54
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES	4,097.58 000355
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/29/22 00036	7/08/22 3116	202206 310-51300-31500	*	611.50
GENERAL COUNSEL - JUN 22
KE LAW GROUP, PLLC	611.50 000356
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/29/22 00026	7/01/22 6337	202207 320-53800-46200	*	4,278.67
LANDSCAPE MAINT - JUL 22
7/14/22 6423	202207 320-53800-47300	*	99.65
IRRIGATION LABOR
PRINCE & SONS INC.	4,378.32 000357
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	163,958.63
TOTAL FOR REGISTER	163,958.63

HIMW --HIGH WEST--	CWRIGHT

.	.  .
SECTION 2

Highland Meadows West
Community Development District

Unaudited Financial Reporting
June 30, 2022

Table of Contents

1

2-3

4

5

6

7

8

9

10-11

12

13
Balance Sheet General Fund
Debt Service Fund Series 2019 Debt Service Fund Series 2020 A2 Debt Service Fund Series 2020 A3 Capital Projects Fund Series 2019 Capital Projects Fund Series 2020 A2 Capital Projects Fund Series 2020 A3
Month to Month

Long Term Debt Report Assessment Receipt Schedule
Highland Meadows West
Community Development District Combined Balance Sheet
June 30, 2022

Assets:
Cash:
Operating Account	

$	

301,215	

$	

-	

$	

-	

$	

301,215	
Investments:
Series 2019									
Reserve	$	-	$	160,125	$	-	$	160,125							
Revenue	$	-	$	219,280	$	-	$	219,280							
Prepayment
Series 2020A2	$	-	$	1,033	$	-	$	1,033							
Reserve	$	-	$	78,728	$	-	$	78,728							
Revenue	$	-	$	59,526	$	-	$	59,526							
Construction Series 2020A3
Reserve	$	-	$	-	$

$	-	$	27,886	$	1	$	1

-	$	27,886							
Revenue	$	-	$	21,335	$	-	$	21,335							
Construction	$	-	$	-	$	1	$	1							
Due from General Fund	$	-	$	2,632	$	-	$	2,632							
Prepaid Expenses	$	4,840	$	-	$	-	$	4,840							
Total Assets	$	306,054	$	570,545	$	2	$	876,601				
Liabilities:
Accounts Payable	
$	85,673	
$	
-	$	
-	
$	85,673				
Due to Debt Service	$	2,632	$	-	$	-	$	2,632				
Total Liabilites	$	88,305	$	-	$	-	$	88,305				
Fund Balance:
Nonspendable: Prepaid Items	

$	4,840	

$	

-	$	

-	

$	4,840				
Restricted for:									
Debt Service - Series 2019	$	-	$	382,022	$	-		$	382,022			
Debt Service - Series 2020A2	$	-	$	139,028	$	-		$	139,028			
Debt Service - Series 2020A3	$	-	$	49,495	$	-		$	49,495			
Capital Projects - Series 2020A2	$	-	$	-	$		1	$	1			
Capital Projects - Series 2020A3	$	-	$	-	$		1	$	1			
Assigned for:									
Unassigned	$	212,909	$	-	$	-	$	212,909					
Total Fund Balances	$	217,749	$	570,545	$	2	$	788,296					
									
Total Liabilities & Fund Balance	$	306,054	$	570,545	$	2	$	876,601					

Revenues:									
Assessments - Tax Roll	$	366,228	$	366,228	$	365,768	$	(460)					
Other Revenue	$	-	$	-	$	240	$	240	
Total Revenues	$	366,228	$	366,228	$	366,008	$	(220)					

Expenditures:									
General & Administrative:									
Supervisor Fees	$	12,000	$	9,000	$	3,200	$	5,800					
Engineering	$	20,000	$	15,000	$	1,080	$	13,920					
District Counsel	$	20,000	$	15,000	$	3,962	$	11,038					
Annual Audit	$	6,000	$	5,500	$	5,500	$	-					
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-					
Arbitrage	$	900	$	900	$	900	$	-					
Dissemination	$	10,000	$	7,500	$	7,500	$	0					
Trustee Fees	$	7,147	$	7,147	$	10,438	$	(3,291)					
Management Fees	$	36,050	$	27,038	$	27,038	$	(0)					
Information Technology	$	1,800	$	1,350	$	1,350	$	-					
Website Maintenance	$	1,200	$	900	$	900	$	-					
Telephone	$	250	$	188	$	-	$	188					
Postage & Delivery	$	500	$	375	$	811	$	(436)					
Office Supplies	$	1,000	$	750	$	12	$	738					
Printing & Binding	$	1,000	$	750	$	24	$	726					
Insurance	$	5,700	$	5,570	$	5,570	$	-					
Legal Advertising	$	10,000	$	7,500	$	1,294	$	6,206					
Other Current Charges	$	2,500	$	1,875	$	347	$	1,528					
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-					
Subtotal General & Administrative	$	141,222	$	111,517	$	75,100	$	36,417					

Operations & Maintenance					
Field Expenditures
Property Insurance	
$	6,000	
$	6,000	
$	1,838	
$	4,162	
Field Management	$	7,500	$	5,625	$	5,625	$	-	
Interlocal Amenity Agreement	$	77,147	$	77,147	$	77,147	$	-	
Playground Lease	$	30,000	$	22,300	$	22,300	$	-	
Landscape Maintenance	$	51,334	$	38,508	$	38,508	$	-	
Landscape Replacement	$	7,500	$	5,625	$	-	$	5,625	
Streetlights	$	18,000	$	13,500	$	12,957	$	543	
Electric	$	3,600	$	2,700	$	3,113	$	(413)	
Water & Sewer	$	1,000	$	750	$	-	$	750	
Irrigation Repairs	$	3,500	$	2,625	$	797	$	1,828	
General Repairs & Maintenance	$	9,000	$	6,750	$	5,393	$	1,357	
Contingency	$	5,425	$	4,069	$	166	$	3,903	
Subtotal Operations & Maintenance	$	220,006	$	185,598	$	167,844	$	17,755	
					
Total Expenditures	$	361,228	$	297,116	$	242,944	$	54,172	
					
Excess (Deficiency) of Revenues over Expenditures	$	5,000	$	69,113	$	123,064	$	(54,392)	

Other Financing Sources/(Uses):					
Transfer In/(Out) - Capital Reserves	$	(5,000)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(5,000)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-		$	123,064		
					
Fund Balance - Beginning	$	-		$	94,685		
					
Fund Balance - Ending	$	-		$	217,749		

Revenues:					
Assessments	$	322,524	$	322,524	$	322,117	$	(407)	
Interest Income	$	-	$	-	$	107	$	107	
Total Revenues	$	322,524	$	322,524	$	322,224	$	(300)	

Expenditures:					
Interest - 11/1	$	116,519	$	116,519	$	116,519	$	-	
Principal - 11/1	$	85,000	$	85,000	$	85,000	$	-	
Interest - 5/1	$	114,819	$	114,819	$	114,819	$	-	
Total Expenditures	$	316,338	$	316,338	$	316,338	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	6,187	$	6,187	$	5,887	$	(300)	
					
Fund Balance - Beginning	$	216,005		$	376,135		
					
Fund Balance - Ending	$	222,191		$	382,022		

Revenues:					
Assessments	$	157,625	$	157,625	$	157,426	$	(199)	
Interest Income	$	-	$	-	$	41	$	41	
Total Revenues	$	157,625	$	157,625	$	157,467	$	(158)	

Expenditures:					
Interest - 11/1	$	49,950	$	49,950	$	49,950	$	-	
Principal - 5/1	$	55,000	$	55,000	$	55,000	$	-	
Interest - 5/1	$	49,950	$	49,950	$	49,950	$	-	
Total Expenditures	$	154,900	$	154,900	$	154,900	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,725	$	2,725	$	2,567	$	(158)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	(78,728)	$	(78,728)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(78,728)	$	(78,728)	
					
Net Change in Fund Balance	$	2,724.58		$	(76,161)		
					
Fund Balance - Beginning	$	57,730		$	215,189		
					
Fund Balance - Ending	$	60,455		$	139,028		

Revenues:					
Assessments	$	55,775	$	55,775	$	55,705	$	(70)	
Interest Income	$	-	$	-	$	15	$	15	
Total Revenues	$	55,775	$	55,775	$	55,719	$	(56)	

Expenditures:					
Interest - 11/1	$	17,209	$	17,209	$	17,209	$	-	
Principal - 5/1	$	20,000	$	20,000	$	20,000	$	-	
Interest - 5/1	$	17,209	$	17,209	$	17,209	$	-	
Total Expenditures	$	54,419	$	54,419	$	54,419	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,356	$	1,356	$	1,300	$	(56)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	(27,886)	$	(27,886)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(27,886)	$	(27,886)	
					
Net Change in Fund Balance	$	1,356		$	(26,586)		
					
Fund Balance - Beginning	$	20,308		$	76,081		
					
Fund Balance - Ending	$	21,664		$	49,495		

Revenues

Developer Contribution	

$	

-	$	

-	$	8,585	

$	8,585	
Total Revenues	$	-	$	-	$	8,585	$	8,585	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	8,586	

$	(8,586)	
Total Expenditures	$	-	$	-	$	8,586	$	(8,586)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	(1)	$	17,172	
					
Fund Balance - Beginning	$	-	$	1		
					
Fund Balance - Ending	$	-	$	0		

Revenues					
Developer Contribution	$	-	$	-	$	8,279	$	8,279	
Interest Income	$	-	$	-	$	1	$	1	
Total Revenues	$	-	$	-	$	8,280	$	8,280	

Expenditures:					
Developer Reimbursement	$	-	$	-	$	78,728	$	(78,728)	
Capital Outlay	$	-	$	-	$	8,279	$	(8,279)	
Total Expenditures	$	-	$	-	$	87,007	$	(87,007)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	(78,728)	$	174,015	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	78,728	$	78,728	
Total Other Financing Sources (Uses)	$	-	$	-	$	78,728	$	78,728	
					
Fund Balance - Beginning	$	-	$	0		
					
Fund Balance - Ending	$	-	$	1		

Revenues

Interest Income	

$	

-	$	

-	$	0	

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

Expenditures:

Capital Outlay	

$	

-	$	

-	$	32,100	

$	(32,100)	
Total Expenditures	$	-	$	-	$	32,100	$	(32,100)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	(32,100)	$	32,100	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	

-	$	

-	$	27,886	

$	27,886	
Total Other Financing Sources (Uses)	$	-	$	-	$	27,886	$	27,886	
					
Net Change in Fund Balance	$	-	$	(4,214)		
					
Fund Balance - Beginning	$	-	$	4,215		
					
Fund Balance - Ending	$	-	$	1		

Revenues:

Assessments - Tax Roll	$	-	$	4,191	$	327,202	$	4,217	$	856	$	24,011	$	3,492	$	1,799	$	-	$	-	$	-	$	-	$	365,768	
Other Revenue	$	-	$	-	$	60	$	-	$	30	$	90	$	-	$	-	$	60	$	-	$	-	$	-	$	240																	
Total Revenues	$	-	$	4,191	$	327,262	$	4,217	$	886	$	24,101	$	3,492	$	1,799	$	60	$	-	$	-	$	-	$	366,008																	

Expenditures:																											
General & Administrative:																											
Supervisor Fees	$	-	$	1,200	$	-	$	600	$	-	$	-	$	-	$	1,400	$	-	$	-  $	-  $	-  $	3,200																	
Engineering	$	-	$	255	$	-	$	680	$	-	$	-	$	-	$	145	$	-	$	-  $	-  $	-  $	1,080																	
District Counsel	$	76	$	840	$	230	$	996	$	244	$	230	$	224	$	511	$	612	$	-  $	-  $	-  $	3,962																	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	4,000	$	1,500	$	-  $	-  $	-  $	5,500																	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,000																	
Arbitrage	$	-	$	-	$	-	$	-	$	450	$	-	$	-	$	450	$	-	$	-  $	-  $	-  $	900																	
Dissemination	$	833	$	833	$	833	$	833	$	833	$	833	$	833	$	833	$	833	$	-  $	-  $	-  $	7,500																	
Trustee Fees	$	5,150	$	-	$	-	$	-	$	-	$	3,740	$	-	$	1,549	$	-	$	-  $	-  $	-  $	10,438																	
Management Fees	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	-  $	-  $	-  $	27,038																	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	1,350																	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	900																	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-																	
Postage & Delivery	$	12	$	7	$	4	$	2	$	633	$	10	$	44	$	9	$	89	$	-  $	-  $	-  $	811																	
Office Supplies	$	1	$	0	$	3	$	0	$	-	$	1	$	1	$	3	$	4	$	-  $	-  $	-  $	12																	
Printing & Binding	$	-	$	-	$	9	$	8	$	8	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	24																	
Insurance	$	5,570	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,570																	
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	920	$	-	$	374	$	-	$	-  $	-  $	-  $	1,294																	
Other Current Charges	$	51	$	31	$	43	$	38	$	39	$	31	$	39	$	38	$	39	$	-  $	-  $	-  $	347																	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	175																	
Total General & Administrative	$	20,121	$	6,421	$	4,377	$	6,411	$	5,461	$	9,019	$	4,394	$	12,567	$	6,330	$	-  $	-  $	-  $	75,100																	

Operations & Maintenance

Field Expenditures Property Insurance Field Management
Interlocal Amenity Agreement Playground Lease
Landscape Maintenance Landscape Replacement Streetlights
Electric
Water & Sewer Irrigation Repairs
General Repairs & Maintenance Contingency

$	1,838  $
$	625  $
$	-  $
$	2,478  $
$	4,279  $
$	-  $
$	1,381  $
$	307  $
$	-  $
$	-  $
$	-  $
$	-  $

-  $
625  $
-  $
2,478  $
4,279  $
-  $
689  $
167  $
-  $
-  $
2,670  $
160  $

-  $
625  $
-  $
2,478  $
4,279  $
-  $
63  $
378  $
-  $
-  $
-  $
-  $

-  $
625  $
-  $
2,478  $
4,279  $
-  $
2,152  $
338  $
-  $
-  $
200  $
-  $

-  $
625  $
-  $
2,478  $
4,279  $
-  $
1,449  $
443  $
-  $
295  $
420  $
-  $

-  $
625  $
-  $
2,478  $
4,279  $
-  $
1,524  $
343  $
-  $
43  $
1,436  $
-  $

-  $
625  $
-  $
2,478  $
4,279  $
-  $
1,463  $
374  $
-  $
-  $
160  $
-  $

-  $
625  $
-  $
2,478  $
4,279  $
-  $
1,463  $
413  $
-  $
384  $
-  $
6  $

-  $
625  $
77,147  $
2,478  $
4,279  $
-  $
2,775  $
351  $
-  $
74  $
507  $
-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	1,838
-  $	5,625
-  $	77,147
-  $	22,300
-  $	38,508
-  $	-
-  $	12,957
-  $	3,113
-  $	-
-  $	797
-  $	5,393
-  $	166

Other Financing Sources/Uses:

Transfer In/(Out) - Capital Reserves

$	-  $	-  $

-  $	-  $

-  $	-  $	-  $	-  $

-  $	-  $	-  $

-  $	-

Highland Meadows West
Community Development District Long Term Debt Report

SERIES 2019, SPECIAL ASSESSMENT REVENUE BONDS		
INTEREST RATE:	4.000%, 4.125%, 4.875%, 5.000%		
MATURITY DATE:	11/1/2049		
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$160,125		
RESERVE FUND BALANCE	$160,125		
BONDS OUTSTANDING - 04/25/19	$6,385,000		
LESS: SPECIAL CALL - 05/01/20	($500,000)		
LESS: SPECIAL CALL - 08/01/20	($885,000)		
LESS: PRINCIPAL PAYMENT - 11/01/20	($105,000)		
LESS: SPECIAL CALL - 11/01/20	($30,000)		
LESS: PRINCIPAL PAYMENT - 11/01/21	($85,000)		
CURRENT BONDS OUTSTANDING	$4,780,000	

SERIES 2020 ASSESSMENT AREA 2, SPECIAL ASSESSMENT REVENUE BONDS		
INTEREST RATE:	2.875%, 3.250%, 3.625%, 4.000%	
MATURITY DATE:	5/1/2050	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$78,728	
RESERVE FUND BALANCE	$78,728	
BONDS OUTSTANDING - 02/18/20	$2,770,000	
LESS: PRINCIPAL PAYMENT - 05/01/21	($55,000)	
LESS: PRINCIPAL PAYMENT - 05/01/22	($55,000)	
CURRENT BONDS OUTSTANDING	$2,660,000	

SERIES 2020 ASSESSMENT AREA 3, SPECIAL ASSESSMENT REVENUE BONDS		
INTEREST RATE:	2.875%, 3.250%, 3.625%, 4.000%	
MATURITY DATE:	5/1/2050	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$27,886	
RESERVE FUND BALANCE	$27,886	
BONDS OUTSTANDING - 02/18/20	$955,000	
LESS: PRINCIPAL PAYMENT - 05/01/21	($20,000)	
LESS: PRINCIPAL PAYMENT - 05/01/22	($20,000)	
CURRENT BONDS OUTSTANDING	$915,000	
Highland Meadows West
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2022

Date	
Distribution	
Gross Amount	
iscount/Penalt	
Commission	
Interest	
Net Receipts	
O&M Portion	2019 Debt Service	2020 A-2 Debt
Service	2020 A-3 Debt
Service	
Total	

11/19/21	
ACH	
$4,389.40	
($175.56)	
($84.28)	
$0.00	
$4,129.56	
$1,676.39	
$1,476.34	
$721.52	
$255.31	
$4,129.56	
11/30/21	ACH	$6,584.10	($263.36)	($126.41)	$0.00	$6,194.33	$2,514.59	$2,214.50	$1,082.28	$382.96	$6,194.33	
12/14/21	ACH	$24,141.70	($965.64)	($463.52)	$0.00	$22,712.54	$9,220.18	$8,119.84	$3,968.34	$1,404.18	$22,712.54	
12/17/21	ACH	$566,232.60	($22,649.22)	($10,871.67)	$0.00	$532,711.71	$216,254.70	$190,446.98	$93,075.59	$32,934.44	$532,711.71	
12/27/21	1% Fee Adj	($9,700.57)	$0.00	$0.00	$0.00	($9,700.57)	($3,937.95)	($3,468.00)	($1,694.89)	($599.73)	($9,700.57)	
12/31/21	ACH	$276,532.20	($10,929.14)	($5,312.06)	$0.00	$260,291.00	$105,665.31	$93,055.28	$45,478.14	$16,092.27	$260,291.00	
01/18/22	ACH	$10,973.50	($373.09)	($212.01)	$0.00	$10,388.40	$4,217.18	$3,713.90	$1,815.07	$642.25	$10,388.40	
02/18/22	ACH	$2,194.70	($43.89)	($43.02)	$0.00	$2,107.79	$855.65	$753.55	$368.28	$130.31	$2,107.79	
03/16/22	ACH	$61,451.60	($1,097.28)	($1,207.09)	$0.00	$59,147.23	$24,010.85	$21,145.42	$10,334.23	$3,656.73	$59,147.23	
04/19/22	ACH	$8,778.80	$0.00	($175.58)	$0.00	$8,603.22	$3,492.48	$3,075.69	$1,503.16	$531.89	$8,603.22	
05/17/22	ACH	$4,521.07	$0.00	($90.42)	$0.00	$4,430.65	$1,798.63	$1,583.98	$774.12	$273.92	$4,430.65	
	TOTAL	$ 956,099.10	$ (36,497.18)	$ (18,586.06)	$	-	$ 901,015.86	$ 365,768.01	$ 322,117.48	$ 157,425.84	$  55,704.53	$ 901,015.86