Highland Meadows West
Community Development District Agenda
April 16, 2024

Agenda

Highland Meadows West
Community Development District

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

April 9, 2024

Board of Supervisors Highland Meadows West
Community Development District
Dear Board Members:
A meeting of the Board of Supervisors of the Highland Meadows West Community Development District will be held Tuesday, April 16, 2024 at 9:30 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/83984984939
Call-In Information: 1-646-931-3860	Meeting ID: 839 8498 4939 Following is the advance agenda for the meeting:
Board of Supervisors Meeting
Roll Call
Public Comment Period
Approval of Minutes of the February 20, 2024, Board of Supervisors Meetings
Public Hearing
Consideration of Resolution 2024-06 Adopting Easement Variance Policy and Fees
Consideration of Resolution 2024-07 Approving the Fiscal Year 2025 Proposed Budget and Setting a Public Hearing to Adopt Budget
Consideration of Resolution 2024-08 Adopting Revised FY2024 Meeting Schedule
Consideration of Resolution 2024-09 Designating a Date, Time and Location for Landowners’ Election and Meeting
Presentation of Series 2020A Assessment Area 3 Arbitrage Rebate Report
Staff Reports
Attorney
Ethics Training Workshop Date/ Time:
April 30th & May 30th, 10 a.m.- Noon Via Zoom Webinar
Engineer
Consideration of Work Authorization 2024-02 for Annual Engineers Report
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Other Business
Supervisors Requests
Adjournment

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 Tuesday, February 20, 2024 at 9:30 a.m. at The Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida and by Zoom.

Present and constituting a quorum:

Daniel Arnette	Chairman
Bobbie Henley	Vice Chair
Jessica Kowalski	Assistant Secretary
Jessica Petrucci	Assistant Secretary
Lindsey Roden	Assistant Secretary Also present were:
Tricia Adams	District Manager, GMS
Monica Virgen	District Manager, GMS
Meredith Hammock	District Counsel, KVW Law
Molly Maggiano	KVW Law
Marshall Tindall	Field Services Manager, GMS
Chance Arrington by Zoom	District Engineer, Dewberry

The following is a summary of the discussions and actions taken at the February 20, 2024 Highland Meadows West Community Development District’s Board of Supervisors Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Virgen called the meeting to order. All five Board members were in attendance, constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present for comment, so the next item followed.

THIRD ORDER OF BUSINESS	Approval of Minutes of the January 16,
2024 Board of Supervisors Meetings
Ms. Virgen presented the minutes from the January 16, 2024 Board of Supervisors meeting to the Board. The minutes have been reviewed by District Counsel and District Management. Hearing no comments or corrections there was a motion of approval.

On MOTION by Ms. Petrucci, seconded by Ms. Henley, with all in favor, the Minutes of the January 16, 2024 Board of Supervisors Meetings, were approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-03
Authorizing the Opening of State Board of Administration (SBA) Account
Ms. Adams reviewed Resolution 2024-03 for the Board.

On MOTION by Ms. Henley, seconded by Ms. Kowalski, with all in favor, Resolution 2024-03 Authorizing the Opening of State Board of Administration (SBA) Account, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-04
Setting a Public Hearing for Easement Variance Policies
Ms. Adams reviewed Resolution 2024-04 for the Board.

On MOTION by Ms. Kowalski, seconded by Ms. Henley, with all in favor, Resolution 2024-04 Setting a Public Hearing for Easement Variance Policies, was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-05
Relating to the General Election and Qualifying Period Notice and Procedure
Ms. Adams reviewed Resolution 2024-05 for the Board.

On MOTION by Ms. Roden, seconded by Ms. Henley, with all in favor, Resolution 2024-05 Relating to the General Election and Qualifying Period Notice and Procedure, was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Contract	Agreement
with Polk County Property Appraiser
Ms. Adams reviewed the contract agreement with Polk County property appraiser.

On MOTION by Ms. Henley, seconded by Ms. Petrucci, with all in favor, the Contract Agreement with Polk County Property Appraiser, was approved.

EIGHTH ORDER OF BUSINESS	Ratification of Amendment to Agreement
with S&S Towing & Recovery, LLC
Ms. Adams asked for the Board to ratify the amendment to the agreement with S&S Towing & Recovery, LLC.

On MOTION by Ms. Petrucci, seconded by Ms. Roden, with all in favor, the Amendment to Agreement with S&S Towing & Recovery, LLC, was ratified.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hammock stated that dates and times for ethics training will be added to the next meeting’s agenda.

Engineer
Mr. Arrington had nothing further to report to the Board and offered to answer any questions. There being no additional business requiring the Engineer's input, Ms. Adams asked the Chairman to dismiss the District Engineer from the remainder of the meeting.

Field Manager’s Report
Mr. Tindall presented the field manager’s report which can be found in the agenda package.
Completed items included:
Landscaping
Landscaping has kept the CDD tracts well maintained.
Crepe myrtle trimming is being planned for the end of winter.

Playgrounds have been checked and minor trash issues were addressed.
Site Items
Updated mailbox parking signs as approved.
Minor fence repairs have been completed.
Exposed potable line was buried.
New areas of fence have been noted and are on schedule for repairs and straightening as needed.

District Manager’s Report
Approval of Check Register
Ms. Virgen presented the check register to the Board form January 1st through January 31st totaling $20,759.29. There being no questions there was a motion of approval.

On MOTION by Ms. Petrucci, seconded by Ms. Roden, with all in favor, the Check Register, was approved.

Balance Sheet and Income Statement
Ms. Adams presented the unaudited financials through December 31st and there was nothing to bring to the Board’s attention as they are currently running under budget. This is for Board information only; no action was required.

TENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINES	Supervisors Requests
The Board requested adding “consideration of resolution updating meeting schedule” to the next agenda. District Counsel will provide the resolution.

TWELFTH ORDER OF BUSINESS	Adjournment

Ms. Virgen adjourned the meeting.

On MOTION by Mr. Arnette, seconded by Ms. Kowalski, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

Section A

RESOLUTION 2024-06
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT ADOPTING A POLICY AND RATES, CHARGES AND FEES RELATED TO IMPROVEMENTS WITHIN DISTRICT EASEMENTS; 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 created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, Chapters 120 and 190, Florida Statutes, authorize the District to adopt rules, rates, charges and fees to govern the administration of the District and defray costs of operation and to adopt resolutions as may be necessary for the conduct of District business; and
WHEREAS, the Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution the Easement Variance Policy, including rates, charges and fees (“Easement Variance Policy”) related thereto, as set forth at Exhibit A, for immediate use and application; and
WHEREAS, the Board further finds that the adoption of the Easement Variance Policy and imposition of the rates, charges and fees is necessary in order to provide for the expenses associated with reviewing and processing applications for easement variances and is in the best interests of the District; and
WHEREAS, the Board finds that the fee structure outlined in Exhibit A is just and equitable having been based upon (i) the amount of service furnished; and (ii) other factors affecting the use of the facilities furnished; and
WHEREAS, the Board has complied with applicable Florida law concerning rule development and adoption, including holding the requisite public hearing.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. The attached Easement Variance Policy is hereby adopted pursuant to this resolution as necessary for the conduct of District business. The Easement Variance Policy shall stay in full force and effect until such time as they are otherwise amended by the Board.
SECTION 2. The fees in Exhibit A are just and equitable and have been based upon (i) the amount of service furnished; and (ii) other factors affecting the use of the facilities furnished.
SECTION 3. If any provision of this resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.
SECTION 4. This resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 16th day of April 2024.
ATTEST:	HIGHLAND	MEADOWS	WEST COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Easement Variance Policy

EXHIBIT A

HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT
Easement Variance Policy
Effective: April 16, 2024
Scope. This policy applies to requests to construct/install improvements within easements held by the Highland Meadows West Community Development District (“District”). No improvements, including fences, pavers, landscaping, etc., may be constructed or installed within District easements without approval from the District. This policy is intended to prevent damage which may be caused by unauthorized obstruction of District easements.
Request Procedures. Individuals who wish to construct or install improvements within a District easement must (a) submit an application form to the District Manager or his or her designee, and (b) pay a $75 fee to offset the costs of processing the request. The application must be signed by the owner(s) of the property. Please note that fences and other improvements may not be permissible in certain easement areas due to underground improvements, access and maintenance requirements, or other factors in the District’s discretion.
Approval. If approved, the owner(s) of the property must execute an agreement in a form acceptable to the District, which shall be recorded in the Public Records of Polk County, Florida. The District Manager shall have authority to approve applications. There shall be no requirement to bring the application before the Board of Supervisors (“Board”) for approval, unless extraordinary circumstances warrant Board consideration. The District’s approval of an application constitutes approval from the District only. The requestor is responsible for obtaining any other necessary approvals, permits and authorizations for the project, including but not limited to approvals from an HOA, county, municipality, or any other entity having an interest in the project or property utilized

Denial. The District reserves the right to deny any request that, in its sole discretion, poses an undue risk of damage to District property or improvements; unduly limits the District’s rights to use the easement for its stated purpose; poses an undue risk to the health, safety, or welfare of District residents, guests, staff, and invitees; and/or is otherwise incompatible with the nature of the easement in question. If a request is denied, the requestor may appeal the denial at the next meeting of the Board that is at least ten (10) days from the notice of denial. The Board’s decision upon appeal shall be final.
Encroachment Without Approval. If improvements are constructed or installed within a District easement without approval, the District reserves the right to take all available legal action against the person or entity engaging in such unauthorized use.
Severability. The invalidity or unenforceability of any one or more provisions of these policies shall not affect the validity or enforceability of the remaining provisions, or any part of the policies not held to be invalid or unenforceable.
Sovereign Immunity. Nothing herein shall constitute or be construed as a waiver of the District’s sovereign immunity or limitations on liability contained in Section 768.28, Florida Statutes, or other statutes or law.

HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT
Easement Variance Request

Name of Owner: 			 Address: 		 Telephone: 	 Email: 			
Description of proposed improvement (please attach a detailed survey sketch showing the proposed location of the improvement): 	

Proposed installation commencement date: 	
Acknowledgements (please initial by each):

	  I acknowledge that any approval is only for the improvement(s) as specified in this request, and that if my plans change, I must file a new variance request.
I acknowledge that approval of this variance request is approval from the Highland Meadows West Community Development District only, and that I am responsible for obtaining any other necessary approvals, including but not limited to approvals from any HOA, County, or any other entity having an interest in the property, as applicable.
I acknowledge that if this variance request is approved, I will be required to execute a Variance Agreement, which will be recorded in the official records of Polk County, Florida. No improvements may be installed until the Variance Agreement is executed and recorded.
I acknowledge that this variance request must be made by the legal owner of the property. I certify that I am the legal owner of the property.	

		

 			

Owner’s Signature	Print Name

Date

Please submit this completed form to the District Manager by email at tadams@gmscfl.com, or by mail at c/o Governmental Management Services, 219 E. Livingston St., Orlando, FL 32801.

PRIVACY NOTICE: Under Florida’s Public Records Law, Chapter 119, Florida Statutes, the information you submit on this form may become part of a public record. This means that, if a citizen makes a public records request, we may be required to disclose the information you submit to us. Under certain circumstances, we may only be required to disclose part of the information submitted to us. If you believe that your records may qualify for an exemption under Chapter 119, Florida Statutes, please notify the District Manager.

Section V

RESOLUTION 2024-07
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Highland Meadows West Community Development District (“District”) prior to June 15, 2024, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“Fiscal Year 2025”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2025 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE: HOUR: LOCATION:

July 16, 2024
10:00 AM

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

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

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 16TH DAY OF APRIL 2024.

ATTEST:	HIGHLAND MEADOWS WEST COMMUNITY	DEVELOPMENT DISTRICT

By: 	
Secretary	Its: 	

Exhibit A:	Proposed Budget for Fiscal Year 2025

Exhibit A
Proposed Budget for Fiscal Year 2025

[See following pages]

Highland Meadows West
Community Development District

Proposed Budget
FY2025

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	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Revenues						
Assessments - Tax Roll	$	434,733	$	427,416	$	7,316	$	434,733	$	588,462	
Other Revenue	$	-	$	60	$	15	$	75	$	-	
Carry Forward Surplus	$	25,291	$	-	$	-	$	-	$	-	
Total Revenues	$	460,024	$	427,476	$	7,331	$	434,808	$	588,462	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,800	
$	4,000	
$	7,800	
$	12,000	
Engineering	$	15,000	$	173	$	2,000	$	2,173	$	15,000	
District Counsel	$	18,961	$	6,507	$	12,454	$	18,961	$	18,961	
Annual Audit	$	6,100	$	-	$	6,100	$	6,100	$	6,100	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,250	
Arbitrage	$	900	$	-	$	900	$	900	$	900	
Dissemination	$	6,000	$	2,500	$	3,500	$	6,000	$	6,300	
Trustee Fees	$	12,297	$	4,840	$	7,457	$	12,297	$	12,297	
Management Fees	$	40,124	$	16,718	$	23,405	$	40,124	$	45,000	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,890	
Website Maintenance	$	1,200	$	500	$	700	$	1,200	$	1,260	
Postage & Delivery	$	970	$	70	$	350	$	420	$	970	
Office Supplies	$	1,000	$	1	$	20	$	21	$	1,000	
Copies	$	500	$	13	$	20	$	33	$	500	
Insurance	$	6,886	$	6,197	$	-	$	6,197	$	7,575	
Legal Advertising	$	2,500	$	1,657	$	843	$	2,500	$	2,500	
Other Current Charges	$	972	$	196	$	273	$	469	$	972	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal Administrative	$	132,385	$	49,097	$	63,072	$	112,169	$	138,650	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Operations & Maintenance						
Property Insurance	$	4,745	$	5,124	$	-	$	5,124	$	5,636	
Field Management	$	8,348	$	3,478	$	4,869	$	8,348	$	10,000	
Interlocal Amenity Agreement	$	101,033	$	101,034	$	-	$	101,034	$	101,033	
Playground Lease	$	30,000	$	6,813	$	9,541	$	16,354	$	-	
Landscape Maintenance	$	56,250	$	21,393	$	29,951	$	51,344	$	56,250	
Landscape Replacement	$	18,000	$	-	$	9,000	$	9,000	$	18,000	
Right of Way Tree Inspections	$	-	$	-	$	-	$	-	$	10,625	
Right of Way Tree Replacements	$	-	$	-	$	-	$	-	$	133,000	
Streetlights	$	19,800	$	5,163	$	10,500	$	15,663	$	20,790	
Electric	$	6,864	$	3,317	$	4,900	$	8,217	$	7,207	
Water & Sewer	$	5,400	$	745	$	2,016	$	2,761	$	5,670	
Sidewalk & Asphalt Maintenace	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Irrigation Repairs	$	6,000	$	878	$	1,750	$	2,628	$	6,000	
General Repairs & Maintenance	$	10,000	$	6,432	$	3,568	$	10,000	$	12,000	
Janitorial	$	1,200	$	500	$	700	$	1,200	$	3,600	
Contingency	$	7,500	$	-	$	3,750	$	3,750	$	7,500	
Subtotal Operations & Maintenance	$	277,639	$	154,876	$	81,795	$	236,672	$	399,812	

Other Expenditures						
Capital Reserves	$	50,000	$	-	$	85,967	$	85,967	$	50,000	
Total Other Expenditures	$	50,000	$	-	$	85,967	$	85,967	$	50,000	
						
Total Expenditures	$	460,024	$	203,973	$	230,835	$	434,808	$	588,462	
						
Excess Revenues/(Expenditures)	$	-	$	223,503	$	(223,503)	$	(0)	$	-	

Net Assessments	
$588,462	
Add: Discounts & Collections 7%		$44,293 	
Gross Assessments		$632,755 	
Assessable Units	442	
Per Unit Gross Assessment		$1,431.57 	
Prior Year Per Unit Gross Assessment		$1,057.59 	
Increase (Decrease)	$373.98	
		
% Increase	35.36%	

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District 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, Kilinski I Van Wyk, PLLC, 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 DiBartolomeo, McBee, Hartley & Barnes, P.A. 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

Represents cost incurred by the District for trustee related expenses.

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 various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, 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.

Copies

Printing agenda materials 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 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.

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.

Landscape Replacement

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

Right of Way Tree Inspections

Represents cost associated with inspections of vegetated verge abutting residential lots in cases where property owners are failing to maintain trees in accordance with Haines City landscape ordinances. Field staff will inspect the area, photograph/document lack of maintenance, report to HOA for enforcement of recorded declarations, coordinate inspections with Haines City code compliance staff, coordinate communication with property owners, and coordinate with landscape service providers.

Right of Way Tree Replacements

Represents cost associated with tree replacements within the vegetated verge abutting residential homes in cases where residential property owners have not complied with Haines City landscape ordinances.

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.

Sidewalk & Asphalt Maintenance

Represents cost to repair and maintain sidewalk, which includes asphalt cost.

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.

Other Expenditures

Capital Reserve

Estimated funds to be transferred to the Capital Reserve funds for any capital outlay expenses.

Proposed Budget
Series 2019 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Revenues						
Assessments	$	322,524	$	317,096	$	5,428	$	322,524	$	322,524	
Interest Income	$	-	$	5,954	$	2,977	$	8,931	$	-	
Carry Forward Surplus	$	240,954	$	246,379	$	-	$	246,379	$	263,597	
Total Revenues	$	563,478	$	569,429	$	8,405	$	577,834	$	586,121	

Expenditures						
Interest - 11/1	$	113,019	$	113,019	$	-	$	113,019	$	111,219	
Principal - 11/1	$	90,000	$	90,000	$	-	$	90,000	$	95,000	
Special Call - 11/1	$	-	$	-	$	-	$	-	$	-	
Interest - 5/1	$	111,219	$	-	$	111,219	$	111,219	$	109,319	
Total Expenditures	$	314,238	$	203,019	$	111,219	$	314,238	$	315,538	
						
Excess Revenues/(Expenditures)	$	249,241	$	366,410	$	(102,814)	$	263,597	$	270,583	

Interest Expense 11/1/25	
$	109,319	
Principal Expense 11/1/25	$	100,000	
Total	$	209,319	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	266	$	322,524	$	1,212	$	1,304	
	266	$	322,524			

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	4,600,000.00	$	95,000.00	$	111,218.75	$	317,437.50	
05/01/25	$	4,505,000.00	$	-	$	109,318.75		
11/01/25	$	4,505,000.00	$	100,000.00	$	109,318.75	$	318,637.50	
05/01/26	$	4,405,000.00	$	-	$	107,256.25		
11/01/26	$	4,405,000.00	$	105,000.00	$	107,256.25	$	319,512.50	
05/01/27	$	4,300,000.00	$	-	$	105,090.63		
11/01/27	$	4,300,000.00	$	110,000.00	$	105,090.63	$	320,181.25	
05/01/28	$	4,190,000.00	$	-	$	102,821.88		
11/01/28	$	4,190,000.00	$	110,000.00	$	102,821.88	$	315,643.75	
05/01/29	$	4,080,000.00	$	-	$	100,553.13		
11/01/29	$	4,080,000.00	$	115,000.00	$	100,553.13	$	316,106.25	
05/01/30	$	3,965,000.00	$	-	$	98,181.25		
11/01/30	$	3,965,000.00	$	120,000.00	$	98,181.25	$	316,362.50	
05/01/31	$	3,845,000.00	$	-	$	95,256.25		
11/01/31	$	3,845,000.00	$	125,000.00	$	95,256.25	$	315,512.50	
05/01/32	$	3,720,000.00	$	-	$	92,209.38		
11/01/32	$	3,720,000.00	$	135,000.00	$	92,209.38	$	319,418.75	
05/01/33	$	3,585,000.00	$	-	$	88,918.75		
11/01/33	$	3,585,000.00	$	140,000.00	$	88,918.75	$	317,837.50	
05/01/34	$	3,445,000.00	$	-	$	85,506.25		
11/01/34	$	3,445,000.00	$	145,000.00	$	85,506.25	$	316,012.50	
05/01/35	$	3,300,000.00	$	-	$	81,971.88		
11/01/35	$	3,300,000.00	$	155,000.00	$	81,971.88	$	318,943.75	
05/01/36	$	3,145,000.00	$	-	$	78,193.75		
11/01/36	$	3,145,000.00	$	160,000.00	$	78,193.75	$	316,387.50	
05/01/37	$	2,985,000.00	$	-	$	74,293.75		
11/01/37	$	2,985,000.00	$	170,000.00	$	74,293.75	$	318,587.50	
05/01/38	$	2,815,000.00	$	-	$	70,150.00		
11/01/38	$	2,815,000.00	$	175,000.00	$	70,150.00	$	315,300.00	
05/01/39	$	2,640,000.00	$	-	$	65,884.38		
11/01/39	$	2,640,000.00	$	185,000.00	$	65,884.38	$	316,768.75	
05/01/40	$	2,455,000.00	$	-	$	61,375.00		
11/01/40	$	2,455,000.00	$	195,000.00	$	61,375.00	$	317,750.00	
05/01/41	$	2,260,000.00	$	-	$	56,500.00		
11/01/41	$	2,260,000.00	$	205,000.00	$	56,500.00	$	318,000.00	
05/01/42	$	2,055,000.00	$	-	$	51,375.00		
11/01/42	$	2,055,000.00	$	215,000.00	$	51,375.00	$	317,750.00	
05/01/43	$	1,840,000.00	$	-	$	46,000.00		
11/01/43	$	1,840,000.00	$	225,000.00	$	46,000.00	$	317,000.00	
05/01/44	$	1,615,000.00	$	-	$	40,375.00		
11/01/44	$	1,615,000.00	$	235,000.00	$	40,375.00	$	315,750.00	
05/01/45	$	1,380,000.00	$	-	$	34,500.00		

Date		Balance	Prinicpal	Interest	Total	

11/01/45	
$	
1,380,000.00	
$	250,000.00	
$	34,500.00	
$	319,000.00	
05/01/46	$	1,130,000.00	$	-	$	28,250.00		
11/01/46	$	1,130,000.00	$	260,000.00	$	28,250.00	$	316,500.00	
05/01/47	$	870,000.00	$	-	$	21,750.00		
11/01/47	$	870,000.00	$	275,000.00	$	21,750.00	$	318,500.00	
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	
			$	4,600,000.00	$	3,547,681.25	$	8,258,900.00	

Highland Meadows West Community Development District Proposed Budget
Series 2020 A2 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Revenues						
Assessments	$	157,625	$	154,972	$	-	$	154,972	$	157,625	
Interest Income	$	-	$	2,465	$	1,232	$	3,697	$	-	
Carry Forward Surplus	$	66,304	$	68,177	$	-	$	68,177	$	70,252	
Total Revenues	$	223,929	$	225,614	$	1,232	$	226,846	$	227,877	

Expenditures						
Interest - 11/1	$	48,297	$	48,297	$	-	$	48,297	$	47,434	
Principal - 5/1	$	60,000	$	-	$	60,000	$	60,000	$	60,000	
Interest - 5/1	$	48,297	$	-	$	48,297	$	48,297	$	47,434	
Total Expenditures	$	156,594	$	48,297	$	108,297	$	156,594	$	154,869	
						
Excess Revenues/(Expenditures)	$	67,335	$	177,317	$	(107,064)	$	70,252	$	73,008	

Interest Expense 11/1/25
Total

$	46,572

$	46,572

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	130	$	157,625	$	1,212	$	1,304	
	130	$	157,625			

11/01/24	$	2,540,000.00	$	
05/01/25	$	2,540,000.00	$	
11/01/25	$	2,480,000.00	$	
05/01/26	$	2,480,000.00	$	
11/01/26	$	2,415,000.00	$	
05/01/27	$	2,415,000.00	$	
11/01/27	$	2,350,000.00	$	
05/01/28	$	2,350,000.00	$	
11/01/28	$	2,285,000.00	$	
05/01/29	$	2,285,000.00	$	
11/01/29	$	2,215,000.00	$	
05/01/30	$	2,215,000.00	$	
11/01/30	$	2,145,000.00	$	
05/01/31	$	2,145,000.00	$	
11/01/31	$	2,070,000.00	$	
05/01/32	$	2,070,000.00	$	
11/01/32	$	1,995,000.00	$	
05/01/33	$	1,995,000.00	$	
11/01/33	$	1,915,000.00	$	
05/01/34	$	1,915,000.00	$	
11/01/34	$	1,835,000.00	$	
05/01/35	$	1,835,000.00	$	
11/01/35	$	1,750,000.00	$	
05/01/36	$	1,750,000.00	$	
11/01/36	$	1,660,000.00	$	
05/01/37	$	1,660,000.00	$	
11/01/37	$	1,570,000.00	$	
05/01/38	$	1,570,000.00	$	
11/01/38	$	1,475,000.00	$	
05/01/39	$	1,475,000.00	$	
11/01/39	$	1,375,000.00	$	
05/01/40	$	1,375,000.00	$	
11/01/40	$	1,275,000.00	$	
05/01/41	$	1,275,000.00	$	
11/01/41	$	1,170,000.00	$	
05/01/42	$	1,170,000.00	$	
11/01/42	$	1,060,000.00	$	
05/01/43	$	1,060,000.00	$	
11/01/43	$	945,000.00	$	
05/01/44	$	945,000.00	$	
11/01/44	$	825,000.00	$	
05/01/45	$	825,000.00	$	
11/01/45	$	700,000.00	$	
05/01/46	$	700,000.00	$	
11/01/46	$	570,000.00	$	
05/01/47	$	570,000.00	$	
11/01/47	$	435,000.00	$	
05/01/48	$	435,000.00	$	
11/01/48	$	295,000.00	$	

$	47,434.38	$	155,731.25	
$	47,434.38		
$	46,571.88	$	154,006.25	
$	46,571.88		
$	45,515.63	$	157,087.50	
$	45,515.63		
$	44,459.38	$	154,975.00	
$	44,459.38		
$	43,403.13	$	152,862.50	
$	43,403.13		
$	42,265.63	$	155,668.75	
$	42,265.63		
$	41,128.13	$	153,393.75	
$	41,128.13		
$	39,909.38	$	156,037.50	
$	39,909.38		
$	38,550.00	$	153,459.38	
$	38,550.00		
$	37,100.00	$	155,650.00	
$	37,100.00		
$	35,650.00	$	152,750.00	
$	35,650.00		
$	34,109.38	$	154,759.38	
$	34,109.38		
$	32,478.13	$	156,587.50	
$	32,478.13		
$	30,846.88	$	153,325.00	
$	30,846.88		
$	29,125.00	$	154,971.88	
$	29,125.00		
$	27,312.50	$	156,437.50	
$	27,312.50		
$	25,500.00	$	152,812.50	
$	25,500.00		
$	23,400.00	$	153,900.00	
$	23,400.00		
$	21,200.00	$	154,600.00	
$	21,200.00		
$	18,900.00	$	155,100.00	
$	18,900.00		
$	16,500.00	$	155,400.00	
$	16,500.00		
$	14,000.00	$	155,500.00	
$	14,000.00		
$	11,400.00	$	155,400.00	
$	11,400.00		
$	8,700.00	$	155,100.00	
$	8,700.00		
$	5,900.00	$	154,600.00	

Date	Balance	Prinicpal	Interest	Total

- 60,000.00
- 65,000.00
- 65,000.00
- 65,000.00
- 70,000.00
- 70,000.00
- 75,000.00
- 75,000.00
- 80,000.00
- 80,000.00
- 85,000.00
- 90,000.00
- 90,000.00
- 95,000.00
- 100,000.00
- 100,000.00
- 105,000.00
- 110,000.00
- 115,000.00
- 120,000.00
- 125,000.00
- 130,000.00
-
135,000.00
- 140,000.00
-

Date		Balance	Prinicpal	Interest	Total	

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	
			$	2,540,000.00	$	1,528,718.75	$	4,177,015.63	

Proposed Budget
Series 2020 A3 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Revenues						
Assessments	$	55,775	$	54,836	$	-	$	54,836	$	55,775	
Interest Income	$	-	$	931	$	465	$	1,396	$	-	
Carry Forward Surplus	$	25,937	$	26,632	$	-	$	26,632	$	29,596	
Total Revenues	$	81,712	$	82,399	$	465	$	82,865	$	85,371	

Expenditures						
Interest - 11/1	$	16,634	$	16,634	$	-	$	16,634	$	16,347	
Principal - 5/1	$	20,000	$	-	$	20,000	$	20,000	$	20,000	
Interest - 5/1	$	16,634	$	-	$	16,634	$	16,634	$	16,347	
Total Expenditures	$	53,269	$	16,634	$	36,634	$	53,269	$	52,694	
						
Excess Revenues/(Expenditures)	$	28,444	$	65,765	$	(36,169)	$	29,596	$	32,677	

Interest Expense 11/1/25
Total

$	16,059

$	16,059

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	46	$	55,775	$	1,212	$	1,304	
	46	$	55,775			

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	875,000.00	$	-	$	16,346.88	$	52,981.25	
05/01/25	$	875,000.00	$	20,000.00	$	16,346.88			
11/01/25	$	855,000.00	$	-	$	16,059.38	$	52,406.25	
05/01/26	$	855,000.00	$	20,000.00	$	16,059.38			
11/01/26	$	835,000.00	$	-	$	15,734.38	$	51,793.75	
05/01/27	$	835,000.00	$	20,000.00	$	15,734.38			
11/01/27	$	815,000.00	$	-	$	15,409.38	$	51,143.75	
05/01/28	$	815,000.00	$	25,000.00	$	15,409.38			
11/01/28	$	790,000.00	$	-	$	15,003.13	$	55,412.50	
05/01/29	$	790,000.00	$	25,000.00	$	15,003.13			
11/01/29	$	765,000.00	$	-	$	14,596.88	$	54,600.00	
05/01/30	$	765,000.00	$	25,000.00	$	14,596.88			
11/01/30	$	740,000.00	$	-	$	14,190.63	$	53,787.50	
05/01/31	$	740,000.00	$	25,000.00	$	14,190.63			
11/01/31	$	715,000.00	$	-	$	13,784.38	$	52,975.00	
05/01/32	$	715,000.00	$	25,000.00	$	13,784.38			
11/01/32	$	690,000.00	$	-	$	13,331.25	$	52,115.63	
05/01/33	$	690,000.00	$	25,000.00	$	13,331.25			
11/01/33	$	665,000.00	$	-	$	12,878.13	$	51,209.38	
05/01/34	$	665,000.00	$	30,000.00	$	12,878.13			
11/01/34	$	635,000.00	$	-	$	12,334.38	$	55,212.50	
05/01/35	$	635,000.00	$	30,000.00	$	12,334.38			
11/01/35	$	605,000.00	$	-	$	11,790.63	$	54,125.00	
05/01/36	$	605,000.00	$	30,000.00	$	11,790.63			
11/01/36	$	575,000.00	$	-	$	11,246.88	$	53,037.50	
05/01/37	$	575,000.00	$	30,000.00	$	11,246.88			
11/01/37	$	545,000.00	$	-	$	10,703.13	$	51,950.00	
05/01/38	$	545,000.00	$	35,000.00	$	10,703.13			
11/01/38	$	510,000.00	$	-	$	10,068.75	$	55,771.88	
05/01/39	$	510,000.00	$	35,000.00	$	10,068.75			
11/01/39	$	475,000.00	$	-	$	9,434.38	$	54,503.13	
05/01/40	$	475,000.00	$	35,000.00	$	9,434.38			
11/01/40	$	440,000.00	$	-	$	8,800.00	$	53,234.38	
05/01/41	$	440,000.00	$	35,000.00	$	8,800.00			
11/01/41	$	405,000.00	$	-	$	8,100.00	$	51,900.00	
05/01/42	$	405,000.00	$	40,000.00	$	8,100.00			
11/01/42	$	365,000.00	$	-	$	7,300.00	$	55,400.00	
05/01/43	$	365,000.00	$	40,000.00	$	7,300.00			
11/01/43	$	325,000.00	$	-	$	6,500.00	$	53,800.00	
05/01/44	$	325,000.00	$	40,000.00	$	6,500.00			
11/01/44	$	285,000.00	$	-	$	5,700.00	$	52,200.00	
05/01/45	$	285,000.00	$	45,000.00	$	5,700.00			
11/01/45	$	240,000.00	$	-	$	4,800.00	$	55,500.00	

Date		Balance	Prinicpal	Interest		Total	

05/01/46	
$	
240,000.00	
$	45,000.00	
$	4,800.00			
11/01/46	$	195,000.00	$	-	$	3,900.00	$	53,700.00	
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	
			$	875,000.00	$	528,025.00	$	1,439,659.38	

Highland Meadows West Community Development District Proposed Budget
Capital Reserve Fund

	Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
	FY2024	2/29/24	7 Months	9/30/24	FY2025	

Revenues						
Interest	$	-	$	1,018	$	-	$	1,018	$	-	
Carry Forward Surplus	$	50,000	$	50,000	$	-	$	50,000	$	136,985	
Total Revenues	$	50,000	$	51,018	$	-	$	51,018	$	136,985	

Expenditures						
Holiday Decorations	$	-	$	-	$	-	$	-	$	10,000	
Lights at Park	$	-	$	-	$	-	$	-	$	10,000	
Total Expenditures	$	-	$	-	$	-	$	-	$	20,000	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	50,000	$	-	$	85,967	$	85,967	$	50,000	
Total Other Financing Sources/(Uses)	$	50,000	$	-	$	85,967	$	85,967	$	50,000	
						
Excess Revenues/(Expenditures)	$	100,000	$	51,018	$	85,967	$	136,985	$	166,985	

Section VI

RESOLUTION 2024-08
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN AMENDED ANNUAL MEETING SCHEDULE FOR REMAINING FISCAL YEAR 2024 MEETING DATES; 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 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 an amended Fiscal Year 2024 annual meeting schedule for remaining meeting dates 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 2024 amended annual meeting schedule for remaining dates 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 16TH DAY OF APRIL 2024.
ATTEST:	HIGHLAND MEADOWS WEST COMMUNITY	DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	
Exhibit A:	Amended Meeting Schedule

Exhibit A
HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT AMENDED NOTICE OF MEETINGS FOR FISCAL YEAR 2024
[CHANGE IN MEETING TIME]
The Board of Supervisors of the Highland Meadows West Community Development District will hold the regular meetings for Fiscal Year 2024 on the third Tuesday of every month at 10:00 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Boulevard, Winter Haven, Florida 33880, unless otherwise indicated, as follows:

May 21, 2024
June 18, 2024
July 16, 2024
August 20, 2024
September 17, 2024
The meetings will be 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 a meeting. A copy of the agenda for the meetings listed above 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 will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at the meetings because of a disability or physical impairment should contact the District Manager’s Office at (407) 841-5524 at least three (3) business days 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 Manager’s 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 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 2024-09
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 entirely within Polk County, Florida; and
WHEREAS, pursuant to Section 190.006(1), Florida Statutes, the District’s Board of Supervisors (“Board”) “shall exercise the powers granted to the district pursuant to [Chapter 190, Florida Statutes],” and the Board shall consist of five members; and

WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on a date in November established by the Board, which shall be noticed pursuant to Section 190.006(2), Florida Statutes.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF 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	11/2024	
2	Jessica Kowalski	11/2024	
3	Lindsey Roden	11/2024	
4	Bobbie Henley	11/2026	
5	Jessica Petrucci	11/2026	

This year, Seat 3, currently held by Lindsey Roden is subject to a landowner election. The term of office for the successful landowner candidate shall commence upon election and shall be for a four year period. Seat 1, currently held by Daniel Arnette, and Seat 2, currently held by Jessica Kowalski, are subject to a General Election process to be conducted by the Polk County Supervisor of Elections, which General Election process shall be addressed by a separate resolution.
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 19th day of November 2024, at 10:00 a.m., and located at 200 Cypress Gardens Blvd.,

Winter Have, 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 April 16, 2024 meeting. A sample notice of landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the office of the District Manager, Governmental Management Services – Central Florida LLC, located at 219 East Livingston Street, Orlando, Florida 32801.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall become effective upon its passage.
PASSED AND ADOPTED this 16th day of April 2024.

HIGHLAND MEADOWS WEST COMMUNITY DEVELOPMENT DISTRICT
ATTEST:

Secretary/ Asst. Secretary	Chairperson/ Vice Chairperson

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 87.91 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 one (1) person 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:
HOUR:
LOCATION:

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:

TIME:

LOCATION:

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

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

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.

This year, one (1) seat on the Board will be up for election in a landowner seat for a four year period. The term of office for the successful landowner 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 –

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 [Location], [Address], on [Election Date], at [Time], 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, 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.).

Section VIII

REBATE REPORT
$955,000
Highland Meadows West Community Development District
(Haines City, Florida)
Special Assessment Bonds, Series 2020A (Assessment Area 3 Project)

Dated: February 18, 2020
Delivered: February 18, 2020

Rebate Report to the Computation Date February 18, 2025
Reflecting Activity To February 29, 2024

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	15	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	17	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	18	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	19	

March 8, 2024

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

Re:	$955,000 Highland Meadows West Community Development District (Haines City, Florida),
Special Assessment Bonds, Series 2020A, (Assessment Area 3 Project)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Higland 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 our next Report as of February 18, 2025. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the February 18, 2025 Computation Date
Reflecting Activity from February 18, 2020 through February 29, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	0.343953%	621.76	(7,422.48)	
Debt Service Reserve Fund	1.165629%	1,939.15	(4,943.18)	
Capitalized Interest Fund	0.138684%	20.45	(638.83)	
Cost of Issuance Fund	0.564800%	8.44	(57.67)	
Totals	0.710651%	$2,589.80	$(13,062.16)	
Bond Yield	3.809782%		
Rebate Computation Credits	(8,382.70)	
Net Rebatable Arbitrage	$(21,444.86)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from February 18, 2020, the date of the closing, to February 29, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of February 18, 2025.
Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.
For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between February 18, 2020 and February 29, 2024, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Funds 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
February 18, 2025.

Computation Period
The period beginning on February 18, 2020, the date of the closing, and ending on February 29, 2024.
Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

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

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

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

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

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

Name	Number	
Acquisition & Construction Fund	268457005	
Debt Service Reserve Fund	268457003	
Capitalized Interest Fund	268457001	
Cost of Issuance Fund	268457006	
Prepayment Subaccount	268457004	
Revenue Fund	268457000	
Sinking Fund	268457002	

METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of February 29, 2024, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to February 18, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on February 18, 2025, is the Rebatable Arbitrage.

$955,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020A, (Assessment Area 3 Project) Delivered: February 18, 2020

Sources of Funds

Par Amount	$955,000.00	
Net Original Issue Discount	-990.00	
Total	$954,010.00	

Uses of Funds

Acquisition & Construction	$805,974.89	
Debt Service Reserve Fund	55,771.88	
Capitalized Interest Fund	24,592.83	
Cost of Issuance Fund	48,570.40	
Underwriter’s Discount	19,100.00	
Total	$954,010.00	

PROOF OF ARBITRAGE YIELD
$955,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020A, (Assessment Area 3 Project)

Date	
Debt Service	Present Value to 02/18/2020
@ 3.8097819341%	
05/01/2020	7,095.95	7,041.85	
11/01/2020	17,496.88	17,038.92	
05/01/2021	37,496.88	35,832.87	
11/01/2021	17,209.38	16,138.26	
05/01/2022	37,209.38	34,241.18	
11/01/2022	16,921.88	15,280.93	
05/01/2023	36,921.88	32,718.25	
11/01/2023	16,634.38	14,464.98	
05/01/2024	36,634.38	31,261.16	
11/01/2024	16,346.88	13,688.51	
05/01/2025	36,346.88	29,867.12	
11/01/2025	16,059.38	12,949.71	
05/01/2026	36,059.38	28,533.46	
11/01/2026	15,734.38	12,217.74	
05/01/2027	35,734.38	27,229.04	
11/01/2027	15,409.38	11,522.22	
05/01/2028	40,409.38	29,650.92	
11/01/2028	15,003.13	10,802.96	
05/01/2029	40,003.13	28,265.71	
11/01/2029	14,596.88	10,121.18	
05/01/2030	39,596.88	26,942.44	
11/01/2030	14,190.63	9,475.07	
05/01/2031	39,190.63	25,678.41	
11/01/2031	13,784.38	8,862.94	
05/01/2032	38,784.38	24,471.05	
11/01/2032	13,331.25	8,254.14	
05/01/2033	38,331.25	23,289.42	
11/01/2033	12,878.13	7,678.27	
05/01/2034	42,878.13	25,087.16	
11/01/2034	12,334.38	7,081.71	
05/01/2035	42,334.38	23,851.67	
11/01/2035	11,790.63	6,518.80	
05/01/2036	41,790.63	22,673.29	
11/01/2036	11,246.88	5,987.87	
05/01/2037	41,246.88	21,549.47	
11/01/2037	10,703.13	5,487.33	
05/01/2038	45,703.13	22,993.30	
11/01/2038	10,068.75	4,970.91	
05/01/2039	45,068.75	21,834.38	
11/01/2039	9,434.38	4,485.22	
05/01/2040	44,434.38	20,729.77	
11/01/2040	8,800.00	4,028.68	
05/01/2041	43,800.00	19,677.02	
11/01/2041	8,100.00	3,570.88	
05/01/2042	48,100.00	20,808.48	
11/01/2042	7,300.00	3,099.01	
05/01/2043	47,300.00	19,704.54	
11/01/2043	6,500.00	2,657.20	
05/01/2044	46,500.00	18,653.83	
11/01/2044	5,700.00	2,243.86	
05/01/2045	50,700.00	19,585.42	
11/01/2045	4,800.00	1,819.58	
05/01/2046	49,800.00	18,525.26	
11/01/2046	3,900.00	1,423.65	
05/01/2047	48,900.00	17,516.76	
11/01/2047	3,000.00	1,054.56	
05/01/2048	53,000.00	18,282.30	

PROOF OF ARBITRAGE YIELD
$955,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020A, (Assessment Area 3 Project)
Present Value to 02/18/2020
Date	Debt Service  @ 3.8097819341%

11/01/2048	2,000.00	677.00
05/01/2049	52,000.00	17,273.01
11/01/2049	1,000.00	325.96
05/01/2050	51,000.00	16,313.42

1,626,646.13	954,010.00

Proceeds Summary

Delivery date	02/18/2020	
Par Value	955,000.00	
Premium (Discount)	-990.00	
Target for yield calculation	954,010.00	

BOND DEBT SERVICE
$955,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020A, (Assessment Area 3 Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
02/18/2020						
05/01/2020			7,095.95	7,095.95	7,095.95	
11/01/2020			17,496.88	17,496.88		
05/01/2021	20,000	2.875%	17,496.88	37,496.88	54,993.76	
11/01/2021			17,209.38	17,209.38		
05/01/2022	20,000	2.875%	17,209.38	37,209.38	54,418.76	
11/01/2022			16,921.88	16,921.88		
05/01/2023	20,000	2.875%	16,921.88	36,921.88	53,843.76	
11/01/2023			16,634.38	16,634.38		
05/01/2024	20,000	2.875%	16,634.38	36,634.38	53,268.76	
11/01/2024			16,346.88	16,346.88		
05/01/2025	20,000	2.875%	16,346.88	36,346.88	52,693.76	
11/01/2025			16,059.38	16,059.38		
05/01/2026	20,000	3.250%	16,059.38	36,059.38	52,118.76	
11/01/2026			15,734.38	15,734.38		
05/01/2027	20,000	3.250%	15,734.38	35,734.38	51,468.76	
11/01/2027			15,409.38	15,409.38		
05/01/2028	25,000	3.250%	15,409.38	40,409.38	55,818.76	
11/01/2028			15,003.13	15,003.13		
05/01/2029	25,000	3.250%	15,003.13	40,003.13	55,006.26	
11/01/2029			14,596.88	14,596.88		
05/01/2030	25,000	3.250%	14,596.88	39,596.88	54,193.76	
11/01/2030			14,190.63	14,190.63		
05/01/2031	25,000	3.250%	14,190.63	39,190.63	53,381.26	
11/01/2031			13,784.38	13,784.38		
05/01/2032	25,000	3.625%	13,784.38	38,784.38	52,568.76	
11/01/2032			13,331.25	13,331.25		
05/01/2033	25,000	3.625%	13,331.25	38,331.25	51,662.50	
11/01/2033			12,878.13	12,878.13		
05/01/2034	30,000	3.625%	12,878.13	42,878.13	55,756.26	
11/01/2034			12,334.38	12,334.38		
05/01/2035	30,000	3.625%	12,334.38	42,334.38	54,668.76	
11/01/2035			11,790.63	11,790.63		
05/01/2036	30,000	3.625%	11,790.63	41,790.63	53,581.26	
11/01/2036			11,246.88	11,246.88		
05/01/2037	30,000	3.625%	11,246.88	41,246.88	52,493.76	
11/01/2037			10,703.13	10,703.13		
05/01/2038	35,000	3.625%	10,703.13	45,703.13	56,406.26	
11/01/2038			10,068.75	10,068.75		
05/01/2039	35,000	3.625%	10,068.75	45,068.75	55,137.50	
11/01/2039			9,434.38	9,434.38		
05/01/2040	35,000	3.625%	9,434.38	44,434.38	53,868.76	
11/01/2040			8,800.00	8,800.00		
05/01/2041	35,000	4.000%	8,800.00	43,800.00	52,600.00	
11/01/2041			8,100.00	8,100.00		
05/01/2042	40,000	4.000%	8,100.00	48,100.00	56,200.00	
11/01/2042			7,300.00	7,300.00		
05/01/2043	40,000	4.000%	7,300.00	47,300.00	54,600.00	
11/01/2043			6,500.00	6,500.00		
05/01/2044	40,000	4.000%	6,500.00	46,500.00	53,000.00	
11/01/2044			5,700.00	5,700.00		
05/01/2045	45,000	4.000%	5,700.00	50,700.00	56,400.00	
11/01/2045			4,800.00	4,800.00		
05/01/2046	45,000	4.000%	4,800.00	49,800.00	54,600.00	
11/01/2046			3,900.00	3,900.00		
05/01/2047	45,000	4.000%	3,900.00	48,900.00	52,800.00	
11/01/2047			3,000.00	3,000.00		
05/01/2048	50,000	4.000%	3,000.00	53,000.00	56,000.00	

BOND DEBT SERVICE
$955,000
Highland Meadows West Community Development District (Haines City, Florida)
Special Assessment Bonds, Series 2020A, (Assessment Area 3 Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
11/01/2048			2,000.00	2,000.00		
05/01/2049	50,000	4.000%	2,000.00	52,000.00	54,000.00	
11/01/2049			1,000.00	1,000.00		
05/01/2050	50,000	4.000%	1,000.00	51,000.00	52,000.00	
	955,000		671,646.13	1,626,646.13	1,626,646.13	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.809782%)

02/18/20	Beg	Bal	-805,974.89	-973,356.20	
03/06/20			12,000.00	14,464.79	
03/06/20			973.75	1,173.76	
03/06/20			1,724.00	2,078.11	
03/06/20			2,352.24	2,835.39	
03/06/20			42,163.00	50,823.23	
03/06/20			27,437.96	33,073.69	
03/06/20			4,950.00	5,966.72	
03/06/20			1,262.50	1,521.82	
03/06/20			19,865.75	23,946.15	
03/13/20			784.08	944.44	
03/16/20			866.50	1,043.38	
03/18/20			12,717.24	15,310.07	
03/20/20			784.08	943.74	
03/24/20			710.00	854.22	
03/26/20			6,446.23	7,754.00	
04/01/20			87,976.67	105,769.42	
04/14/20			14,345.62	17,223.45	
04/14/20			4,959.63	5,954.56	
04/14/20			8,752.73	10,508.59	
04/14/20			25,436.50	30,539.23	
04/14/20			41,874.03	50,274.24	
04/14/20			14,304.76	17,174.39	
04/14/20			784.08	941.37	
04/14/20			161,584.84	193,999.82	
05/14/20			64,189.00	76,823.75	
05/21/20			4,910.16	5,872.35	
05/29/20			8,752.73	10,459.13	
05/29/20			-8,752.73	-10,459.13	
06/01/20			560.00	669.04	
06/01/20			17,453.92	20,852.30	
06/01/20			296.26	353.94	
06/01/20			346.50	413.97	
06/01/20			1,568.16	1,873.49	
06/01/20			83,896.16	100,231.21	
06/01/20			10,818.75	12,925.22	
06/03/20			3,932.62	4,697.34	
06/09/20			5,925.65	7,073.47	
06/09/20			6,571.00	7,843.83	
06/09/20			1,500.00	1,790.56	
06/09/20			1,568.16	1,871.92	
07/07/20			189.00	224.95	
07/07/20			4,152.00	4,941.73	
07/07/20			784.08	933.22	
07/07/20			6,210.00	7,391.18	
07/07/20			2,690.22	3,201.91	
07/07/20			24,318.53	28,944.04	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.809782%)	
08/03/20	66,344.94	78,749.17	
08/05/20	1,568.16	1,860.96	
08/05/20	218.75	259.59	
09/25/20	-57,816.20	-68,252.77	
09/29/20	5,104.40	6,023.28	
09/29/20	6,106.62	7,205.92	
09/29/20	104.22	122.98	
09/29/20	250.00	295.00	
09/29/20	17,632.50	20,806.67	
09/29/20	1,568.16	1,850.46	
10/07/20	8,043.01	9,482.94	
10/07/20	20,534.23	24,210.45	
01/26/21	-11,875.19	-13,842.11	
03/26/21	-67,133.87	-77,762.79	
04/05/21	45.00	52.08	
04/06/21	784.25	907.46	
04/08/21	11,642.60	13,468.95	
04/29/21	58,600.28	67,643.71	
05/05/21	1,467.05	1,692.39	
06/08/21	2,100.00	2,414.19	
07/09/21	156.25	179.04	
12/21/21	-27,885.94	-31,415.98	
02/22/22	32,100.08	35,933.06	
01/31/23	de minimis	0.99	1.07	
02/18/25	TOTALS:	621.76	-7,422.48	

ISSUE DATE:	02/18/20	REBATABLE ARBITRAGE:	-7,422.48	
COMP DATE:	02/18/25	NET INCOME:	621.76	
BOND YIELD:	3.809782%	TAX INV YIELD:	0.343953%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.809782%)

02/18/20	Beg	Bal	-55,771.88	-67,354.34	
03/03/20			21.73	26.20	
04/02/20			23.00	27.65	
05/04/20			0.28	0.34	
06/02/20			0.29	0.35	
07/02/20			0.27	0.32	
08/04/20			0.28	0.33	
09/02/20			0.28	0.33	
10/02/20			0.27	0.32	
11/03/20			0.28	0.33	
12/02/20			0.28	0.33	
01/05/21			0.28	0.33	
02/02/21			0.28	0.33	
03/02/21			0.26	0.30	
04/02/21			0.28	0.32	
05/04/21			0.28	0.32	
06/02/21			0.28	0.32	
07/02/21			0.27	0.31	
08/03/21			0.28	0.32	
09/02/21			0.29	0.33	
10/04/21			0.27	0.31	
11/02/21			0.28	0.32	
12/02/21			0.28	0.32	
12/21/21			27,885.94	31,415.98	
01/04/22			0.23	0.26	
02/02/22			0.14	0.16	
03/02/22			0.13	0.15	
04/04/22			0.14	0.16	
05/03/22			0.14	0.16	
06/02/22			7.03	7.79	
07/05/22			16.05	17.72	
08/02/22			28.03	30.86	
09/02/22			42.22	46.33	
10/04/22			48.23	52.75	
11/02/22			63.17	68.88	
12/02/22			76.98	83.68	
01/04/23			86.97	94.22	
02/02/23			92.60	100.03	
03/02/23			88.76	95.58	
04/04/23			100.33	107.68	
05/02/23			101.31	108.41	
06/02/23			110.22	117.57	
07/05/23			107.88	114.68	
08/02/23			112.71	119.47	
09/05/23			117.03	123.63	
10/03/23			113.33	119.37	
11/02/23			117.34	123.21	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.809782%)	
12/04/23	113.82	119.12	
12/22/23	0.03	0.03	
01/03/24	117.57	122.67	
02/02/24	117.01	121.71	
02/29/24	Bal	27,885.94	28,925.08	
02/29/24	Acc	109.46	113.54	
02/18/25	TOTALS:	1,939.15	-4,943.18	

ISSUE DATE:	02/18/20	
REBATABLE ARBITRAGE:	
-4,943.18	
COMP DATE:	02/18/25	NET INCOME:	1,939.15	
BOND YIELD: 3.809782%	TAX INV YIELD:	1.165629%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.809782%)

02/18/20	Beg	Bal	-24,592.83	-29,700.16	
03/03/20			9.58	11.55	
04/02/20			10.14	12.19	
05/01/20			7,095.96	8,504.29	
05/04/20			0.12	0.14	
06/02/20			0.09	0.11	
07/02/20			0.09	0.11	
08/04/20			0.09	0.11	
09/02/20			-1,452.51	-1,718.85	
09/02/20			0.09	0.11	
10/02/20			0.09	0.11	
11/02/20			17,496.88	20,575.33	
11/03/20			0.10	0.12	
12/02/20			0.01	0.01	
01/05/21			0.01	0.01	
02/02/21			0.01	0.01	
03/02/21			0.01	0.01	
04/02/21			0.01	0.01	
05/03/21			-16,044.38	-18,512.65	
05/03/21			17,496.88	20,188.60	
05/04/21			0.01	0.01	
02/18/25	TOTALS:	20.45	-638.83	

ISSUE DATE:	02/18/20	
REBATABLE ARBITRAGE:	
-638.83	
COMP DATE:	02/18/25	NET INCOME:	20.45	
BOND YIELD: 3.809782%	TAX INV YIELD:	0.138684%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.809782%)

02/18/20	Beg	Bal	-48,570.40	-58,657.29	
02/18/20			16,151.68	19,505.99	
02/18/20			1,538.26	1,857.72	
02/18/20			10,895.97	13,158.80	
02/18/20			384.56	464.42	
02/18/20			7,691.28	9,288.57	
03/11/20			1,378.02	1,660.19	
03/13/20			9,086.56	10,944.89	
09/01/20			1,452.51	1,719.03	
02/18/25	TOTALS:	8.44	-57.67	

ISSUE DATE:	02/18/20	
REBATABLE ARBITRAGE:	
-57.67	
COMP DATE:	02/18/25	NET INCOME:	8.44	
BOND YIELD: 3.809782%	TAX INV YIELD:	0.564800%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.809782%)	
02/18/21	-1,780.00	-2,070.05	
02/18/22	-1,830.00	-2,049.37	
02/18/23	-1,960.00	-2,113.67	
02/18/24	-2,070.00	-2,149.61	
02/18/25	TOTALS:	-7,640.00	-8,382.70	

ISSUE DATE:	02/18/20	REBATABLE ARBITRAGE: -8,382.70 COMP DATE:	02/18/25
BOND YIELD: 3.809782%

Section IX

Section B

Sent Via Email: tadams@gmscfl.com

April 2, 2024

Ms. Tricia Adams District Manager
Highland Meadows West Community Development District c/o Governmental Management Services
219 East Livingston Street Orlando, Florida 32801

Subject:	Work Authorization Number 2024-2
Highland Meadows West Community Development District
Annual Engineer’s Report 2024

Dear Ms. Adams:

Dewberry Engineers Inc. (Engineer) is pleased to submit this Work Authorization to provide professional consulting engineering services for the Highland Meadows West Community Development District (CDD). We will provide these services pursuant to our current agreement (“District Engineering Agreement”) as follows:

Scope of Work

We will provide the Annual Engineer’s Report for the CDD as required by the Trust Indenture for
this fiscal year. The report will address the requirements as detailed in Section 9.21 of the Trust.

Fees

The CDD will compensate the Engineer pursuant to the hourly rate schedule contained in the District Engineering Agreement. We estimate a budget in the amount of $4,500, plus other direct costs. The CDD will reimburse the Engineer all direct costs, which include items such as printing, drawings, travel, deliveries, et cetera, pursuant to the Engineering Agreement.

Thank you for considering Dewberry. We look forward to helping you create a quality project. Sincerely,	APPROVED AND ACCEPTED

By: 	
Rey Malavé, P.E.	Authorized Representative of
Dewberry Engineers Inc.	Highland Meadows West
Associate Vice President	Community Development District

_April 2, 2024	
Date	Date

Page 1 of 1

Attachment A

STANDARD HOURLY BILLING RATE SCHEDULE
Professional/Technical/Construction/Surveying Services

LABOR CLASSIFICATION	HOURLY RATES	
Professional		
Engineer I, II, III	$115.00, $135.00, $155.00	
Engineer IV, V, VI	$170.00, $195.00, $225.00	
Engineer VII, VIII, IX	$250.00, $275.00, $305.00	
Environmental Specialist I, II, III	$105.00, $125.00, $150.00	
Senior Environmental Scientist IV, V, VI	$170.00, $190.00, $210.00	
Planner I, II, III	$105.00, $125.00, $150.00	
Senior Planner IV, V, VI	$170.00, $190.00, $210.00	
Landscape Designer I, II, III	$105.00, $125.00, $150.00	
Senior Landscape Architect IV, V, VI	$170.00, $190.00, $210.00	
Principal	$350.00	
Technical		
CADD Technician I, II, III, IV, V	$80.00, $100.00, $120.00, $140.00, $175.00	
Designer I, II, III	$110.00, $135.00, $160.00	
Designer IV, V, VI	$180.00, $200.00, $220.00	
Construction		
Construction Professional I, II, III	$125.00, $155.00, $185.00	
Construction Professional IV, V, VI	$215.00, $240.00, $285.00	
Survey		
Surveyor I, II, III	$68.00, $83.00, $98.00	
Surveyor IV, V, VI	$115.00, $125.00, $145.00	
Surveyor VII, VIII, IX	$160.00, $190.00, $235.00	
Senior Surveyor IX	$290.00	
Fully Equipped 1, 2, 3 Person Field Crew	$145.00, $175.00, $230.00	
Administration		
Administrative Professional I, II, III, IV	$70.00, $95.00, $115.00, $145.00	
Other Direct Costs (Printing, Postage, Etc.)	Cost + 15%	

Company Confidential and Proprietary: Use or disclosure of data contained on this sheet is subject to restriction on the title page of this report.
Revised 05-01-23\Subject to Revision\Standard Hourly Billing Rate Schedule

Section C

1

Highland Meadows West CDD
Field Management Report

April 16, 2024 Marshall Tindall
Field Services Manager
GMS

Highland Meadows West CDD Field Management Report | GMS 2024

Landscaping

Landscaper has kept the CDD tracts well maintained.
Minor spot weeds are being.
Playgrounds were checked.
Reinstalled playground rules sign that was pulled out and closed a slide while part replacement is sourced.

2

Highland Meadows West CDD Field Management Report | GMS 2024

Site Items

z

Section of fence was straightened near Tortugas and other typical fence repairs. Other minor repairs including bracing section of aluminum fence, resetting wall capstones, and clearing of Mitered ends.

3

Highland Meadows West CDD Field Management Report | GMS 2024

Replacing playground slide end section.
Normal mitered ends review and cleanout for summer.
Normal fence repairs noted following gusty weather pending parts order.

Site Items

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-346-2453 or by email at mtindall@gmscfl.com. Thank you.

Respectfully, Marshall Tindall

Section D

Section 1

Highland Meadows West Community Development District

Summary of Check Register

March 1, 2024 to March 31, 2024

Fund	Date	Check No.'s	Amount

General Fund		
	3/6/24	559-560	$	150.76	
	3/13/24	561-563	$	9,529.74	
	3/20/24	564-565	$	2,682.38	

Total Amount	$	12,362.88

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/08/24	PAGE	1
*** CHECK DATES 03/01/2024 - 03/31/2024 ***	HIGHLAND MEADOWS WEST-GF
BANK A HIGHLAND MEADOW WEST
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/06/24 00052	2/29/24 11784	202402 320-53800-48200	*	100.00
CLEANING SVCS-FEB24
CLEAN STAR SERVICES OF CENTRAL FL	100.00 000559
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/06/24 00026	2/11/24 11728	202402 320-53800-47300	*	50.76
RPLC BROKEN NOZZLES/HEADS
PRINCE & SONS INC.	50.76 000560
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/24 00029	3/08/24 6408-03- 202403 310-51300-31200	*	450.00
SPCL ASSESS S20A-FY24
AMTEC	450.00 000561
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/24 00001	3/01/24 189	202403 310-51300-34000	*	3,343.67
MANAGEMENT FEES-MAR24
3/01/24 189	202403 310-51300-35200	*	100.00
WEBSITE ADMIN-MAR24
3/01/24 189	202403 310-51300-35100	*	150.00
INFORMATION TECH-MAR24
3/01/24 189	202403 310-51300-31300	*	500.00
DISSEMINATION SVCS-MAR24
3/01/24 189	202403 310-51300-51000	*	.48
OFFICE SUPLIES-MAR24
3/01/24 189	202403 310-51300-42000	*	9.90
POSTAGE-MAR24
3/01/24 189	202403 310-51300-42500	*	1.35
COPIES-MAR24
3/01/24 190	202403 320-53800-12000	*	695.67
FIELD MANAGEMENT-MAR24
GOVERNMENTAL MANAGEMENT SERVICES	4,801.07 000562
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/24 00026	3/01/24 11937	202403 320-53800-46200	*	4,278.67
LANDSCAPE MAINT-MAR24
PRINCE & SONS INC.	4,278.67 000563
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00001	1/31/24 191	202401 320-53800-47400	*	1,003.48
FIX FENCE/SIGNS/RULES
GOVERNMENTAL MANAGEMENT SERVICES	1,003.48 000564
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/20/24 00036	3/08/24 8889	202402 310-51300-31500	*	1,678.90
GENERAL COUNSEL-FEB24
KILINSKI / VAN WYK, PLLC	1,678.90 000565
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	12,362.88
TOTAL FOR REGISTER	12,362.88 HIMW --HIGH WEST--	CWRIGHT

Section 2

Highland Meadows West
Community Development District

Unaudited Financial Reporting
February 29, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2019	

5	
	Debt Service Fund Series 2020 A2	

6	
	Debt Service Fund Series 2020 A3	

7	
	Capital Reserve Fund	

8-9	
	Month to Month	

10	
	Long Term Debt Report	

11	
	Assessment Receipt Schedule	

Highland Meadows West
Community Development District Combined Balance Sheet February 29, 2024

General
Fund

Debt Service
Fund

Capital Reserve
Fund

Totals
Governmental Funds

Assets:
Cash:		
Operating Account	$	428,849	$	-	$	-	$	428,849	
Money Market Funds Investments:
Series 2019	$	-	$	-	$	51,018	$	51,018	
Reserve	$	-	$	160,125	$	-	$	160,125	
Revenue	$	-	$	357,728	$	-	$	357,728	
Prepayment	$	-	$	1,100
Series 2020A2	$	-	$	1,100	
Reserve	$	-	$	78,728	$	-	$	78,728	
Revenue	$	-	$	173,611	$	-	$	173,611	
Prepayment	$	-	$	1
Series 2020A3
Reserve	$	-	$	27,886	$	-

$	-	$	1

$	27,886	
Revenue	$	-	$	64,453	$	-	$	64,453	
Prepayment	$	-	$	1	$	-	$	1	
Due from General Fund	$	-	$	12,597	$	-	$	12,597	
Total Assets	$	428,849	$	876,230	$	51,018	$	1,356,097	
Liabilities:
Accounts Payable	$	2,948	$	-	$	-	

$	2,948	
Due to Debt Service	$	12,597	$	-	$	-	$	12,597	
Total Liabilites	$	15,545	$	-	$	-	$	15,545	
Fund Balance:
Restricted for:
Debt Service - Series 2019	$	-	$	526,535	$	-	$	526,535	
Debt Service - Series 2020A2	$	-	$	256,045	$	-	$	256,045	
Debt Service - Series 2020A3	$	-	$	93,650	$	-	$	93,650	
Assigned for:			
Capital Reserves	$	-	$	-	$	51,018	$	51,018	
Unassigned	$	413,304	$	-	$	-	$	413,304	
Total Fund Balances	$	413,304	$	876,230	$	51,018	$	1,340,552	
					
Total Liabilities & Fund Balance	$	428,849	$	876,230	$	51,018	$	1,356,097	

Revenues:

Assessments - Tax Roll	$	434,733	$	427,416	$	427,416	$	-	
Other Revenue	$	-	$	-	$	60	$	60	
Total Revenues	$	434,733	$	427,416	$	427,476	$	60	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	5,000	$	3,800	$	1,200	
Engineering	$	15,000	$	6,250	$	173	$	6,078	
District Counsel	$	18,961	$	7,900	$	6,507	$	1,393	
Annual Audit	$	6,100	$	-	$	-	$	-	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	900	$	-	$	-	$	-	
Dissemination	$	6,000	$	2,500	$	2,500	$	-	
Trustee Fees	$	12,297	$	4,840	$	4,840	$	-	
Management Fees	$	40,124	$	16,718	$	16,718	$	(0)	
Information Technology	$	1,800	$	750	$	750	$	-	
Website Maintenance	$	1,200	$	500	$	500	$	-	
Postage & Delivery	$	970	$	404	$	70	$	334	
Office Supplies	$	1,000	$	417	$	1	$	415	
Copies	$	500	$	208	$	13	$	196	
Insurance	$	6,886	$	6,886	$	6,197	$	689	
Legal Advertising	$	2,500	$	1,042	$	1,657	$	(616)	
Other Current Charges	$	972	$	405	$	196	$	209	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative	$	132,385	$	58,996	$	49,097	$	9,899	

Operations & Maintenance		
Field Expenditures
Property Insurance	
$	4,745	
$	4,745	
$	5,124	
$	(380)	
Field Management	$	8,348	$	3,478	$	3,478	$	(0)	
Interlocal Amenity Agreement	$	101,033	$	101,034	$	101,034	$	-	
Playground Lease	$	30,000	$	12,500	$	6,813	$	5,687	
Landscape Maintenance	$	56,250	$	23,438	$	21,393	$	2,044	
Landscape Replacement	$	18,000	$	7,500	$	-	$	7,500	
Streetlights	$	19,800	$	8,250	$	5,163	$	3,087	
Electric	$	6,864	$	2,860	$	3,317	$	(457)	
Water & Sewer	$	5,400	$	2,250	$	745	$	1,505	
Sidewalk & Asphalt Maintenance	$	2,500	$	1,042	$	-	$	1,042	
Irrigation Repairs	$	6,000	$	2,500	$	878	$	1,622	
General Repairs & Maintenance	$	10,000	$	4,167	$	6,432	$	(2,265)	
Janitorial	$	1,200	$	500	$	500	$	-	
Contingency	$	7,500	$	3,125	$	-	$	3,125	
Subtotal Operations & Maintenance	$	277,639	$	177,387	$	154,876	$	22,511	
					
Total Expenditures	$	410,024	$	236,383	$	203,973	$	32,409	
					
Excess (Deficiency) of Revenues over Expenditures	$	24,709	$	191,034	$	223,503	$	(32,349)	

Other Financing Sources/(Uses):					
Transfer In/(Out) - Capital Reserves	$	(50,000)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(50,000)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(25,291)		$	223,503		
					
Fund Balance - Beginning	$	25,291		$	189,801		
					
Fund Balance - Ending	$	-		$	413,304		

Revenues:					
Assessments	$	322,524	$	317,096	$	317,096	$	-	
Interest Income	$	-	$	-	$	5,954	$	5,954	
Total Revenues	$	322,524	$	317,096	$	323,050	$	5,954	

Expenditures:					
Interest - 11/1	$	113,019	$	113,019	$	113,019	$	-	
Principal - 11/1	$	90,000	$	90,000	$	90,000	$	-	
Interest - 5/1	$	111,219	$	-	$	-	$	-	
Total Expenditures	$	314,238	$	203,019	$	203,019	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	8,287		$	120,031	$	5,954	
					
Fund Balance - Beginning	$	240,954		$	406,504		
					
Fund Balance - Ending	$	249,241		$	526,535		

Revenues:					
Assessments	$	157,625	$	154,972	$	154,972	$	-	
Interest Income	$	-	$	-	$	2,465	$	2,465	
Total Revenues	$	157,625	$	154,972	$	157,437	$	2,465	

Expenditures:					
Interest - 11/1	$	48,297	$	48,297	$	48,297	$	-	
Principal - 5/1	$	60,000	$	-	$	-	$	-	
Interest - 5/1	$	48,297	$	-	$	-	$	-	
Total Expenditures	$	156,594	$	48,297	$	48,297	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,031	$	-	$	109,140	$	2,465	
					
Fund Balance - Beginning	$	66,304		$	146,905		
					
Fund Balance - Ending	$	67,335		$	256,045		

Revenues:					
Assessments	$	55,775	$	54,836	$	54,836	$	-	
Interest Income	$	-	$	-	$	931	$	931	
Total Revenues	$	55,775	$	54,836	$	55,767	$	931	

Expenditures:					
Interest - 11/1	$	16,634	$	16,634	$	16,634	$	-	
Principal - 5/1	$	20,000	$	-	$	-	$	-	
Interest - 5/1	$	16,634	$	-	$	-	$	-	
Total Expenditures	$	53,269	$	16,634	$	16,634	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,506		$	39,133	$	931	
					
Fund Balance - Beginning	$	25,937		$	54,518		
					
Fund Balance - Ending	$	28,444		$	93,650		

Revenues

Interest Income	

$	-	

$	

-	$	1,018	

$	1,018	
Total Revenues	$	-	$	-	$	1,018	$	1,018	

Expenditures:

Capital Outlay	

$	-	

$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures		$	-	$	1,018	$	1,018	
Other Financing Sources/(Uses)

Transfer In/(Out)	

$	50,000	

$	

-	$	-	

$	-	
Total Other Financing Sources (Uses)	$	50,000	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	50,000		$	1,018		
					
Fund Balance - Beginning	$	50,000		$	50,000		
					
Fund Balance - Ending	$	100,000		$	51,018		

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Assessments - Tax Roll

$	-	$

10,945  $

406,253  $

4,124  $

6,094  $

-	$	-	$

-	$	-	$

-	$	-	$

-	$	427,416

Other Revenue	$	30  $	-	$	-	$	-	$	30	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	60	
Total Revenues	$	30  $	10,945  $	406,253  $	4,124  $	6,124	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	427,476	

Expenditures:		
General & Administrative:		
Supervisor Fees	$	1,000	$	800	$	-	$	1,000	$	1,000	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,800	
Engineering	$	-	$	-	$	-	$	58	$	115	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	173	
District Counsel	$	1,407	$	1,227	$	334	$	1,860	$	1,679	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,507	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	500	$	500	$	500	$	500	$	500	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,500	
Trustee Fees	$	4,840	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,840	
Management Fees	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	16,718	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	750	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	500	
Postage & Delivery	$	4	$	42	$	5	$	9	$	10	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	70	
Office Supplies	$	0	$	0	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1	
Printing & Binding	$	-	$	1	$	2	$	-	$	9	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	13	
Insurance	$	6,197	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,197	
Legal Advertising	$	690	$	345	$	623	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,657	
Other Current Charges	$	39	$	39	$	39	$	39	$	41	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	196	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	23,446	$	6,547	$	5,097	$	7,059	$	6,948	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	49,097	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operations & Maintenance

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

$	5,124  $
$	696  $
$	-  $
$	1,363  $
$	4,279  $
$	-  $
$	1,501  $
$	659  $
$	173  $
$	512  $
$	100  $
$	857  $
$	-  $

-  $
696  $
-  $
1,363  $
4,279  $
-  $
155  $
626  $
141  $
-  $
100  $
4,026  $
-  $

-  $
696  $
-  $
1,363  $
4,279  $
-  $
540  $
947  $
288  $
265  $
100  $
545  $
-  $

-  $
696  $
101,034  $
1,363  $
4,279  $
-  $
155  $
489  $
144  $
51  $
100  $
1,003  $
-  $

-  $
696  $
-  $
1,363  $
4,279  $
-  $
2,810  $
596  $
-  $
51  $
100  $
-  $
-  $

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

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

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

-  $	5,124
-  $	3,478
-  $	101,034
-  $	6,813
-  $	21,393
-  $	-
-  $	5,163
-  $	3,317
-  $	745
-  $	878
-  $	500
-  $	6,432
-  $	-

Other Financing Sources/Uses:

Transfer In/(Out) - Capital Reserves

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	(38,679)  $	(6,988)  $	392,135  $	(112,248)  $	(10,718)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	223,503

Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Excess (Deficiency) of Revenues over Expenditures	$	(38,679)  $	(6,988)  $	392,135  $	(112,248)  $	(10,718)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	223,503

Total Expenditures	$	38,709  $	17,933  $	14,118  $	116,372  $	16,842  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	203,973

Total Operations & Maintenance	$	15,263  $	11,386  $	9,021  $	109,313  $	9,894  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	154,876

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)	
LESS: PRINCIPAL PAYMENT - 11/01/22	($90,000)	
LESS: PRINCIPAL PAYMENT - 11/01/23	($90,000)	
CURRENT BONDS OUTSTANDING	$4,600,000	

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)	
LESS: PRINCIPAL PAYMENT - 05/01/23	($60,000)	
CURRENT BONDS OUTSTANDING	$2,600,000	

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)	
LESS: PRINCIPAL PAYMENT - 05/01/23	($20,000)	
CURRENT BONDS OUTSTANDING	$895,000	

Highland Meadows West
COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessment	$ 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	
ON ROLL ASSESSMENTS		
44.79%	
33.23%	
16.24%	
5.75%	
100.00%	

Special Assessment Receipts Fiscal Year 2024

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

11/17/23	
ACH	
$7,084.05	
($283.36)	
($136.01)	
$0.00	
$6,664.68	
$2,984.94	
$2,214.50	
$1,082.28	
$382.96	
$6,664.68	
11/24/23	ACH	$18,890.80	($755.61)	($362.70)	$0.00	$17,772.49	$7,959.86	$5,905.34	$2,886.07	$1,021.22	$17,772.49	
12/08/23	ACH	$18,890.80	($755.60)	($362.70)	$0.00	$17,772.50	$7,959.87	$5,905.34	$2,886.07	$1,021.22	$17,772.50	
12/21/23	ACH	$951,624.05	($38,063.70)	($18,271.21)	$0.00	$895,289.14	$400,977.77	$297,481.51	$145,385.70	$51,444.17	$895,289.15	
12/29/23	ACH	$4,722.70	($188.91)	($90.68)	$0.00	$4,443.11	$1,989.96	$1,476.33	$721.52	$255.31	$4,443.12	
12/31/23	1% Admin Fee	($10,437.17)	$0.00	$0.00	$0.00	($10,437.17)	($4,674.55)	($3,468.00)	($1,694.89)	($599.73)	($10,437.17)	
01/10/24	ACH	$7,084.05	($236.13)	($136.96)	$0.00	$6,710.96	$3,005.67	$2,229.88	$1,089.79	$385.62	$6,710.96	
01/16/24	ACH	$0.00	$0.00	$0.00	$2,497.80	$2,497.80	$1,118.71	$829.95	$405.62	$143.53	$2,497.81	
02/09/24	ACH	$14,168.10	($283.36)	($277.69)	$0.00	$13,607.05	$6,094.25	$4,521.27	$2,209.64	$781.87	$13,607.03	
	TOTAL	$  1,012,027.38	$	(40,566.67)	$ (19,637.95)	$	2,497.80	$ 954,320.56	$ 427,416.48	$ 317,096.12	$ 154,971.80	$  54,836.17	$  954,320.57	

98%
$  16,335.97

Net Percent Collected
Balance Remaining to Collect