Wyld Palms Community Development District
12051 Corporate Boulevard Orlando, FL 32817; 407-723-5900

The following is the proposed agenda for the upcoming Wyld Palms Community Development District Board of Supervisors' Meeting, scheduled to be held in the Wyld Palms Clubhouse, located at 6442 E. Turner Camp Road, Inverness, FL 34426 on Friday, November 15, 2019 at 11:00 a.m. A quorum will be confirmed prior to the start of the meeting.
For those unable to attend in person, you may participate by telephone:

Phone: 1-844-621-3956 (new)	Participant Code: 796 580 192# (new)

BOARD OF SUPERVISORS' MEETING AGENDA
Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Swearing in Maurice McDaniel
Consideration of the Minutes of the September 10, 2019 Board of Supervisors' Meeting
General Business Matters
Consideration of Resolution 2020-01, Amending the FY 2019 Budget
Ratification of Payment Authorization Nos. 157 - 161
Review of District's Financial Position and Budget to Actual YTD
Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Audience Comments
Supervisors Requests
Adjournment

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Wyld Palms Community Development District

Oath of Office

WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT
BOARD OF SUPERVISORS OATH OF OFFICE

I,, 	, A CITIZEN OF THE STATE OF FLORIDA AND OF THE UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor
ACKNOWLEDGMENT OF OATH BEING TAKEN STATE OF FLORIDA
COUNTY OF ORANGE
The foregoing oath was administered before me this_ day of  		, 2019, by 	, who personally appeared before me, and is personally known to me or has produced 		as identification, and is the person described in and who took the aforementioned oath as a Member of the Board of Supervisors of Wyld Palms Community Development District and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida
Print Name:  	
Commission No.: 	Expires: ___

Wyld Palms Community Development District

Minutes of the September 10, 2019 Board of Supervisors' Meeting

WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS' MEETING MINUTES

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

Board of Supervisors' meeting for the Wyld Palms Community Development District was called to order on Friday, September 10, 2019 at 4:05 p.m. at the Wyld Palms Clubhouse, 6442 E. Turner Camp Rd., Inverness, FL 34426. Board Members listed below constituted a quorum:
Board Members present:

Chris Julin Trish Walden John Blakley

Also present were:

Jen Walden Lynne Mullins Tucker Mackie

SECOND ORDER OF BUSINESS

Chairman Assistant Secretary Assistant Secretary

PFM
PFM	(via phone)
Hopping Green & Sams (via phone)

Public Comment Period

Ms. J. Walden noted that there were no members of the public present.

THIRD ORDER OF BUSINESS	Swearing in Newly Elected Board Member

Mr. McDaniel is not present and will be administered the oath of office at another time.

FOURTH ORDER OF BUSINESS		Consideration of the Minutes of the August 6, 2019 Auditor Selection Committee Meeting

Board Members reviewed the minutes for the August 6, 2019 Auditor Selection Committee Meeting

On Motion by Mr. Blakley, second by Mr. Julin, with all in favor, the Wyld Palms Community Development District Board of Supervisors approved the August 6, 2019 Auditor Selection Committee Meeting.

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FIFTH ORDER OF BUSINESS		Consideration of the Minutes of the August 6, 2019 Board of Supervisors' Meeting

Board Members reviewed the minutes for the August 6, 2019 Board of Supervisors' Meeting.

On Motion by Mr. Blakley, second by Ms. T. Walden, with all in favor, the Wyld Palms Community Development District Board of Supervisors approved the August 6, 2019 Board of Supervisors' Meeting

SIXTH ORDER OF BUSINESS	Consideration of FY 2019 Audit Engagement Letter

Ms. J. Walden noted that District Counsel has reviewed the Audit Engagement Letter and provided their changes which have been incorporated. The amounts listed in this agreement are correct.

On Motion by Ms. T. Walden, second by Mr. Julin, with all in favor, the Wyld Palms Community Development District Board of Supervisors approved the FY 2019 Audit Engagement Letter

SEVENTH ORDER OF BUSINESS		Consideration of Purchase and Sale Agreement

Ms. Walden explained that the previous Purchase and Sale Agreements fell through. The new Purchase and Sale Agreement will incorporate the terms of the most recent Letter of Intent received from Southern Impression Homes LLC. Ms. T. Walden noted that the District has the Letter of Intent which outlines the price and terms and the District needs to put it in the PSA format previously agreed to by the SPE.

Ms. Mackie wanted the Board to delegate review and approve finalized form of agreement to Ms. T. Walden. A discussion took place regarding the contract.

On Motion by Mr. Blakley, second by Mr. Julin, with all in favor, the Wyld Palms Community Development District Board of Supervisors approved delegation of review and approve finalized form of the Purchase and Sale Agreement with Southern Impression Homes LLC in accordance with the terms of the Letter of Intent to Ms. T. Walden.

EIGHTH ORDER OF BUSINESS

Ratification of Payment Authorization No. 154-156

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The Board reviewed Payment Authorization No. 154 - 156. Ms. J. Walden, noted that these have been previously approved and paid and just need to be ratified.

On Motion by Ms. T. Walden, second by Mr. Julin, with all in favor, the Wyld Palms Community Development District Board of Supervisors ratified Payment Authorization Nos. 154- 156.

NINTH ORDER OF BUSINESS		Review of District's Financial Position and Budget to Actual YTD

The Board Members reviewed the District's financials. No action was required by the Board.

Ms. T. Walden asked if the District should look at fixing the AC in the Clubhouse. Mr. Julin and Mr. Blakley suggested reaching out to the owners of the Bondholders to request the air to be fixed letting them know of the potential ramifications in the future, including the potential of black mold. Ms. T. Walden expressed concerns of this and the other buildings being a health hazard. Ms. J. Walden will reach out about that.

TENTH ORDER OF BUSINESS

District Counsel - No Report

Staff Reports, Supervisor Requests, and Audience Comments

District Manager - The next meeting is scheduled for Tuesday, October 1, 2019 at 1:00 p.m.

District Engineer - Not Present

Supervisor Requests: There were no other Supervisor requests.

ELEVENTH ORDER OF BUSINESS	Adjournment

Ms. J. Walden asked if there were any other discussions. Hearing none, she suggested a motion to adjourn.

On MOTION by Mr. Blakley, second by Mr. Julin, with all in favor, September 10, 2019 Board of Supervisors' Meeting for the Wyld Palms Community Development District was adjourned.

Secretary I Assistant Secretary	Chairperson / Vice Chairperson

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Wyld Palms Community Development District

Resolution 2020-01, Amending the FY 2019 Budget

RESOLUTION 2020-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN AMENDED GENERAL FUND BUDGET FOR FISCAL YEAR 2018/2019, PROVIDING FOR APPROPRIATIONS; ADDRESSING CONFLICTS AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, on August 7, 2018, the Board of Supervisors of the Wyld Palms Community Development District ("Board"), adopted Resolution 2018-06 providing for the adoption of the District's Fiscal Year 2018/2019 annual budget ("Budget"); and
WHEREAS, the District Manager, at the direction of the Board, has prepared an amended Budget, to reflect changes in the actual appropriations of the Budget; and

WHEREAS, Chapters 189 and 190, Florida Statutes, and Section 3 of Resolution 2018- 06 authorize the Board to amend the Budget within sixty (60) days following the end of the Fiscal Year 2018/2019; and

WHEREAS, the Board finds that it is in the best interest of the District and its landowners to amend the Budget to reflect the actual appropriations; and

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT:

BUDGET AMENDMENT.

The Board has reviewed the District Manager's proposed amended Budget, copies of which are on file with the office of the District Manager and at the District's Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The amended Budget attached hereto as Exhibit A and incorporated herein by reference as further amended by the Board is hereby adopted in accordance with the provisions of sections 190.008(2)(a) and 189.016(6), Florida Statutes; provided, however, that the comparative figures contained in the amended Budget as adopted by the Board (together, "Adopted Annual Budget") may be further revised as deemed necessary by the District Manager to further reflect actual revenues and expenditures for Fiscal Year 2018/2019.

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The Adopted Annual Budget shall be maintained in the office of the District Manager and the District Records Office and identified as "The Adopted Budget for the Wyld Palms Community Development District for the fiscal year ending September 30, 2019, as amended and adopted by the Board of Supervisors effective November 15, 2019."

APPROPRIATIONS. There is hereby appropriated out of the revenues of the Wyld Palms Community Development District, the fiscal year beginning October 1, 2018, and ending September 30, 2019, the sums set forth below, to be raised by special assessments, which sums are deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$75,270.00
DEBT SERVICE FUND	$10,809,192.50
TOTAL ALL FUNDS	$10,884,462.50

CONFLICTS. This Resolution is intended to amend, in part, Resolution 2018- 06, which remains in full force and effect except as otherwise provided herein. All terms of Resolution 2018-06 that are not amended by this Resolution apply to the Adopted Annual Budget as if those terms were fully set forth herein. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

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 as of November 15, 2019.

Introduced, considered favorably, and adopted this 15th day of November, 2019.

ATTEST:

Secretary/Assistant Secretary

WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT

Chairperson, Board of Supervisors

Exhibit A:	Amended Fiscal Year 2018/2019 Budget

2

Exhibit A
Amended Fiscal Year 2018/2019 Budget

3

Wyld Palms Community Development District
FY 2019 Adopted O&M Budget (Proposed Revised)
Exhibit A

Actual through 9/30/19

FY 2019 Adopted Budget

FY 2019 Adopted Budget (Proposed Revised)

Revenues
Other Financing Sources	$	70,375.00	$	69,710.00	$	70,375.00	
Carry-Over			$	4,895.00	

Net Revenues	
$	
70,375.00	
$	
69,710.00	
$	
75,270.00	

Supervisor Fees	$	2,400.00	$	3,200.00	$	2,400.00	
Management	9,999.96	10,000.00	10,000.00	
Dissemination Agent	1,000.00	1,000.00	1,000.00	
District Counsel	7,415.50	8,000.00	8,000.00	
Audit	4,746.00	4,200.00	4,750.00	
Travel & Per Diem	285.36	400.00	285.00	
Telephone	51.22	50.00	50.00	
Postage & Shipping	145.13	120.00	150.00	
Copies	88.50	125.00	125.00	
Legal Advertising	2,105.39	900.00	2,100.00	
Miscellaneous	702.96	375.00	700.00	
Website Maintenance	1,400.00	900.00	1,400.00	
Dues, Licenses, and Fees	175.00	175.00	175.00	
General Insurance	10,073.00	10,000.00	10,073.00	
Subtotal, Admin & Prof. Expenses	$	40,588.02	$	39,445.00	$	41,208.00	
ield Expenses
Security	$	638.00	$	715.00	$	640.00	
Electric (SECO - Clubhouse, Irrigation)	11,954.25	6,500.00	12,000.00	
Gas		100.00	100.00	
Water, Sewer (City of Inverness)	7,869.38	7,500.00	7,870.00	
Telephone,DSL,Cable- (Clubhouse)	3,661.27	3,300.00	3,662.00	
Common Area Maintenance	1,915.00	3,000.00	1,915.00	
Pest Control	1,423.00	1,950.00	1,625.00	
Pool Service & Chemicals	6,248.00	7,200.00	6,250.00	
Subtotal, Field Expenses	$	33,708.90	$	30,265.00	$	34,062.00	

Total Administrative & Field Expenses	
$	
74,296.92	
$	
69,710.00	
$	
75,270.00	
Net Income (Loss)	$	(3,921.92)	$		$		

Administrative & Professional Expenses

F

Wyld Palms COD Proposed Debt Service Fund Budget
Series 2007A/B Special Assessment Bonds FY 2019 "Exhibit A, Continued"

	FY 2019
Proposed Budget*	
REVENUES*:		
Special Assessment Revenue Series 2007A	$	617,012.50	
Special Assessment Revenue Series 2007B**	10,192,180.00	
TOTAL REVENUES	$ 10,809,192.50	

EXPENDITURES*:		
Series 2007A-lnterest 11/1/18	$	150,562.50	
Series 2007A- Interest 5/1/19	150,562.50	
Series 2007A- Principal 5/1/19	170,000.00	
Series 2007B-Interest 11/1/17	522,180.00	
Series 2007B- Principal 11/1/17	9,670,000.00	
TOTAL EXPENDITURES	$ 10,663,305.00	

EXCESS REVENUES	
$	145,887.50	

November 1, 2019 Series 2007A Debt Service Payment	
$	145,887.50	

*The District is in a state of default related to all of its bond debt service obliations. The District succesfully served as security for the repayment of its bond debt obligations. The property is now being marketed for s repay the District's bondholders. No bond debt service payments are anticipated until the foreclosed prope

**The District's Series 2007B Bonds matured on November 1, 2015. However, the 2007B Bonds have not service payments been made to bondholders.

Wyld Palms Community Development District

Payment Authorization Nos. 157-161

WYLDPALMS
COD

Payment Authorization No. 157
9/5/2019

Item	Payee	Invoice
No.	Billing#

FY19	FY19
General	Capital
Fund	Projects

1	CenturyUnk		
	Account #311851928 ; Svcs Aug 16 - Sept 15		$164.83	
2	PFM Group Consulting LLC			
	Dist. Mgmt Fee Aug 2019 Website Maint. Fee Aug 23019 ADA Website Compliance Fee FedEx/ Postage July 2019	DM-08-2019-0075 DM-08-2019-0076 OE-EXP-00355 OE-EXP-00305	$833.33
$75.00
$500.00
$13.05	
3	SECOEnergy
Account #2011329201 ; Svcs 07/22/19- 08/21/19		
$138.09	
	Account #2011322701 ; Svcs 07/22/19 -08/22/19		$784.18	
	Account#2011162501 ; Svcs 07/22/19-08/22/19		$49.22	
	Account #2011438701 ; Svcs 07/22/19-08/22/19		$35.23	
Account #2011976001  ; Svcs 07/22/19-08/22/19		$37.48	
Account#2011362101 ; Svcs 07/22/19- 08/21/19		$34.09	
		$2,664.50	
	TOTAL	$2,664.50	

Secretary	Chairman

WYLDPALMS CDD

Payment Authorization No. 158
9/11/2019

FY19	FY19

Item No.
1

A Clear Water Pool
Pool Svc Sept 2019

Payee

Invoice	General	Capital
Billing#	Fund	Projects

33151	$568.00

Board Members Fee Meeting Sept 10, 2019
Chris Julin John Blakley Patricia Walden
Century Link
Account#312230189; Svc Sept 2019

Account#1350011000	406198	$9.71	
Account #1350013000	406200	$72.57	
Account#1350017000	406204	$24.34	

City of lnvernesa Account#1350001000 Account#1350001001 Account#1350010000

Account #1350022000 Account#1350023000
Florida Pest Control
Pest Control Svcs Aug 2019

$200.00
$200.00
$200.00

$153.16

406187	$9.71

$71.33

$245.80
406197

$44.93

406209
406210	71.33

872702	$201.00

$2,071.88	$0.00

TOTAL	$21071.88

Secretary	Chairman

WYLD PALMS CDD

Payment Authorization No. 159
9/30/2019

Item	Payee	Invoice
No.	Billing#

FY19	FY20
General	General
Fund	Fund

1	Board Members Milage Meeting Aug & Sept, 2019
John Blakley / Aug		
$92.80		
	John Blakley / Sept		$92.80		
	Patricia Walden / Aug		$99.76		
2	Century Link
Account #311851928 ; Svc Sept16-Oct15		
$164.83		
3	Fishkind & Associates, Inc.
Conference Calls Aug 2019	
24614	
$19.25		
4	PFM Group Consulting LLC
Dist. Mgmt Sept 2019	
DM-09-2019-0075	
$833.33		
	Website Fee Sept 2019	DM-09-2019-0076	$75.00		
	Copies / Postage Aug 2019	OE-EXP-00386	$96.15		
5	SECO Energy
Account #2011329201 ; Svcs 08/21/19 - 09/20/19		
$158.05		
	Account #2011322701 ; Svcs 08/22/19- 09/20/19		$785.86		
	Account #2011162501 ; Svcs 08/22/19 - 09/23/19		$50.42		
	Account #2011438701 ; Svcs 08/22/19 - 09/20/19		$32.96		
	Account #2011976001 ; Svcs 08/22/19 - 09/20/19		$34.62		
	Account #2011362101 ; Svcs 08/21/19- 09/20/19		$34.09		
6	Tampa Bay Times
Legal Ad 9/20/2019	
Ad #0000012074	
$47.05		
	Legal Ad 8/30/2019	Ad #0000016753		$76.80	
			$2,616.97	$76.80	
		TOTAL	$2,693.77		

Secretary	Chairman

WYLDPALMS CDD

Payment Authorization No.160
10/15/2019
Item	Payee
No.
City of lnverneaa Account#1350001000 Account#1350001001 Account#1350010000 Account#1350011000 Account#1350013000 Account#1350017000 Account#1350022000 Account#1350023000
Hopping Green & Sama
Dist. Counsel Svcs Aug 2019

Secretary

Invoice Billing#

410998
410999
411008
411009
411011
411015
411020
411021

110309

TOTAL

FY19	FY19
General	Capital
Fund	Projects

$9.71
$299.97
$71.33
$9.71
$72.57
$24.34
$44.93
$71.33

$1,393.00
$1,996.89	$0.00
$1,998.89

Chairman

WYLDPALMS
COD

Payment Authorization No. 161
10/15/2019
Item	Payee
No.
A Clear Water Pool
Pool Svc Oct 2019
Century Link
Account #312230189; Svc Oct 2019
Florida Dept of Economic Opportunity (DEO)
Annual Fee FY20
Grau & Asaoclates
Audit FY 2019

Secretary

FY20	FY20
Invoice	General	Capital
Billing#	Fund	Projects

33303	$568.00

$156.02

74382	$175.00	

18742	
$500.00		
	$1,399.02	$0.00	
TOTAL	$1,399.02		

Chairman

Wyld Palms Community Development District

District's Financial Position and Budget to Actual YTD

Wyld Palms COD Statement of Activities As of 1 0/3 1 /2019 

General Fund	Special Purpose	Debt Service	Debt Service Fund •	Construction Fund	General Fixed	Long Term Bond	Total	
	Entity	Fund -A 	B		Assets	Debt		

Revenues
Other Income & Other Financing Sources	

$	
$	
$	
$	
$	
$	
$	
$	
Total Revenues	$		$		$		$	$		$		$	-$	
Expenses														
Audit	$	500.00												$	500.00	
Dues, Licenses, and Fees	175.00												175.00	
Security	116.00												116.00	
Telephone, DSL, Cable · Clubhouse	320.85												320.85	
General Insurance	1,243.25												1 ,243.25	
Property & Casualty	1,458.75												1 ,458.75	
Swimming Pools	568.00												568.00	
Bond Counsel														
Total Expenses	$	4,381 .85	$		$		$		$	$		$		$	4,381 .85	
Ql!!ec B1v1011n IEx111111nlI !iii!!!! l!.21111111														
Net Increase (Decrease) in FV of Inv				$	0.03				$	0.03	
Net Increase (Decrease) in FV of Inv					$	(3.97)			(3.97)	
Total Other Revenues (Expenses) & Gains (Losses)	$	$	$	$	0.03	$	(3.97)	$	$	$	(3.94)	
Change In Net Assets	$	(4,381 .85)	$	$	$	0.03	$	(3.97)	$	$	$	(4,385.79)	
Net Assets At Beginning Of Year	$ 18,334.68	$ 2,51 6,1 20.43	$ (4,527,599.14)	$ (14,629,209.53)	$	193,715.75	$ 1 1 ,933,735.14	$	$	(4,494,902.67)	

Net Assets At End Of Year	$	13,952 .83	
$ 2,516,1 20.43	
$ (4,527,599.14)	$ (14,629,209.50)	
$	193,71 1 .78	$ 11,933,735. 14	
$	
$	(4,499,288.46)	

Wyld Palms CDD
Statement of Financial Position As of 1 0/31/2019 

General Fund	Speclal	Debt Service	Debt Service Fund	Construction Fund	General Fixed	Long Term Bond	Total	
	Purpose Entity	Fund -A 	B		Assets	Debt		

Mlm
CurrentAssets
General Checking Account	$	15,267.83							$	15,267.83	
General Checking Account		$	11 ,672.68						11 ,672.68	
Debt Service Reserve Bond			$	0.04					0.04	
Revenue Bond			101 .60					101 .60	
Debt Service Reserve Bond				$	1 ,499.26				1 ,499.26	
Revenue Bond				0.73				0.73	
Interest Bond				0.01				0.01	
Acquisition/Construction Bond					$	189,545.81			189,545.81	
Deferred Cost Bond					4,165.97			4,165.97	
Total Current Assets	$	15,267.83	$	11 ,672.68	$	101 .64	$	1,500.00	$	193,71 1 .78	$	$	$	222 ,253.93	

Investments
Amount Available in Debt Service Funds							$	1,60 1 .64	$	1 ,601 .64	
Amount To Be Provided							15.453,398.36	15,453,398.36	
Total Investments	$	$	$	$	$	$	$ 15,455,000.00	$	15,455,000.00	

Prgg1fll1 e11ot I E511il!RmlDt
Fixed Assets • Land		$ 2,504,467.00						$	2,504 ,467.00	
Other Fixed Assets (2007)						$	8,987,265.00		8,987,265.00	
Other Fixed Assets (2008)						1,750,692.00		1 ,750,692.00	
Other Fixed Assets (2009)						1,195,778.14 		1, 195,778.14 	
Total Property, Plant & Equipment	$	$ 2,504,467.00	$	$	$	$	11 ,933,735.14 	$	$	14.438,202.14 	

Total Assets	

$	

15,267.83	

$	

2,51 6,1 39.68	

$	

101 .64	
=-$	
1,500 .00	

$	
193, 71 1 .78	

$	
11 ,933,735.14 	

$	
15,455,000.00	
$	
30, 11 5,456.07	

Current Llabllltles

L.llllllllla 10!1 !:Ill !111111

Accounts Payable	$	940.00				$	940.00	
Notes and Loans Payable - Current	375.00				375.00	
Accounts Payable		$	19.25			19.25	
Due to Bondholders			$ 4,527,700.78		4,527,700.78	
Due to Bondholders				$ 14,630,709.50	14,630,709.50	
Total Current Liabilities	$	1,31 5.00	$	19.25	$	4,527,700.78	$	14,630,709.50	$	$	$	$	19,159,744.53	

Page 1

Wyld Palms COD Statement of Financial Position
As of 1 0/31 /2019 

Lona Tann Llabllltlll	General Fund	Speclal Purpose Entity	Debt Service Fund -A 	Debt Service Fund .
B	Construction Fund	General Fixed Assets	Long Term Bond Debt	Total	
Revenue Bonds Payable - Long-Term							$ 15,455,000.00	$	15,455,000.00	
Total Long Term Liabilities	$	$	$	$	$	$	$ 15,455,000.00	$	15,455,000.00	

Total Uabllltles	

$	

1,315.00	

$	

19.25	

$	

4,527,700.78	
$	

14,630,709.50	

$	

$	

$	

15,455,000.00	
$	34,614 ,744.53	

NetAasets
Net Assets, Unrestricted	$	18,334.68		$	18,334.68	
Current Year Net Assets, Unrestricted	(4 ,381 .85)		(4 ,381 .85)	
Net Assets, 270		$ 2,516,1 20.43	2,516,120.43	
Current Year Net Assets, 270				
Net Assets, Unrestricted	$ (4,527,599. 14)	(4,527,599. 14)	
Current Year Net Assets, Unrestricted					
Net Assets, Unrestricted				$ (14,629,209.53)				(14,629,209.53)	
Current Year Net Assets, Unrestricted				0.03				0.03	
Net Assets, Unrestricted					$	193,71 5.75			193,715.75	
Current Year Net Assets, Unrestricted					(3.97)			(3.97)	
Net Assets • General Government								0.00	
Net Assets, lnvd in Capital, Net of Debt						$	11 ,933,735.14 		11 ,933,735 .14 	
Total Net Assets	$	13,952.83	$ 2,516,120.43	$ (4,527,599. 14)	$ (14,629,209.50)	$	193,71 1.78	$	11 ,933,735.14 	$	$	(4,499,288.46)	
Total Llabllltles and Net Assets	$	15,267.83	$ 2,516,1 39.68	$	101 .64	$	1,500.00	$	193, 71 1 .78	$	11 ,933,735 .14 	$ 15,455,000.00	$	30,1 15,456.07	

Page 2

Wyld  Palms COD
Budget to Actual
For the Month Ending 10/31/2019

Year To Date
Actual	Budget	Variance	FY 2020
Adopted Budget

Revenues		
Other Income & Other Financing Sources	$	$	6,622.50	$	(6,622.50)	$	79,470.00	
Net Revenues	$	$	6,622.50	$	(6,622.50)	$	79,470.00	
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Supervisor Fees	$	$	200.00	$	(200.00)	$	2,400.00	
Management		833.33	(833.33)	10,000.00	
Dissemination Agent		83.33	(83.33)	1,000.00	
District Counsel		666.67	(666.67)	8,000.00	
Reamortization Schedule		41 .67	(41 .67)	500.00	
Audit	500.00	416.67	83.33	5,000.00	
Travel and Per Diem		33.33	(33.33)	400.00	
Telephone		4. 17 	(4. 17)	50.00	
Postage & Shipping		10.00	(10.00)	1 20.00	
Copies		10.42	(1 0.42)	1 25.00	
Legal Advertising		1 00.00	(100.00)	1 ,200.00	
Miscellaneous		31 .27	(31 .27)	375.00	
Web Site Maintenance		200.00	(200.00)	2,400.00	
Dues, Licenses, and Fees	1 75.00	14.58	1 60.42	1 75.00	
General Insurance	1 ,243.25	477.08	766. 17 	5,725.00	
Property	1 ,458.75	606.25	852.50	7,275.00	
Total General & Administrative Expenses	$	3,377.00	$	3,728.77	$	(351 .77)	$	44,745.00	
Field Expenses
Security	
$	116.00	
$	64.58	
$	51 .42	
$	775.00	
Electric		958.33	(958.33)	11 ,500.00	
Gas		8.33	(8.33)	1 00.00	
Water, Sewer (City of Inverness)		627.08	(627.08)	7,525.00	
Telephone,DSL,Cable- (Clubhouse)	320.85	283.33	37.52	3,400.00	
Common Area Maintenance		208.33	(208.33)	2,500.00	
Pest Control		125.00	(1 25.00)	1,500.00	
Swimming Pools	568.00	61 8.75	(50.75)	7,425.00	
Total Field Expenses	$	1,004.85	$	2,893.73	$	(1 ,888.88)	$	34,725.00	
Total Expenses	$	41381.85	$	61622.50	$	!21240.651	$	791470.00	
Net Income (Loss)	$	(4,381 .85)	$	$	(4,381.85)	$