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 (provided under separate cover)
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

pfm

Wyld Palms Community Development District

Oath of Office

WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT
BOARD OF SUPERVISORS OATH OF OFFICE

!,	, 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
personally known to me or has produced

,   who  personally  appeared   before  me,   and is
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

WVLD 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.

1

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

2

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 VTD

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

3

Wyld Palms Community Development District

Resolution 2020-01, Amending the FY 2019 Budget (provided under separate cover)

Wyld Palms Community Development District

Payment Authorization Nos. 157 -161

WYLDPALMS
COD

Payment Authorization No. 157
9/5/2019

Item	Payee	Invoice
No.	Billing#
CenturyUnk
Account #311851928 ; Svcs Aug 16 - Sept 15
PFM Group Consulting LLC
Dist. Mgmt Fee Aug 2019	DM-08-2019-0075
Website Maint. Fee Aug 23019	DM-08-2019-0076
ADA Website Compliance Fee	OE-EXP-00355
FedEx / Postage July 2019	OE-EXP-00305
SECOEnergy
Account #2011329201 ; Svcs 07/22/19- 08/21/19 Account #2011322701 ; Svcs 07/22/19- 08/22/19 Account #2011162501 ; Svcs 07/22/19- 08/22/19 Account #2011438701  ; Svcs 07/22/19- 08/22/19 Account #2011976001 ; Svcs 07/22/19- 08/22/19 Account #2011362101 ; Svcs 07/22/19- 08/21/19

TOTAL

FY19	FY19
General	Capital
Fund	Projects

$164.8 3

$833.33
$500.00
$13.05

$138.09
$784.18
$49.22
$35.23
$37.48
$34.09
$2,664.50

$2,664.50

Secretary	Chairman

WYLDPALMS CDD

Payment Authorization No. 158
9/11/2019

FY19	FY19

Item No.
1

2

3

4

5

Payee

Invoice	General	Capital

A Clear Water Pool
Pool Svc Sept 2019	
33151	
$568.00	
Board Members Fee Meeting Sept 10, 2019
Chris Julin		
$200.00	
John Blakley		$200.00	
Patricia Walden		$200.00	
Century Link
Account#312230189; Svc Sept 2019		
$153.16	
City of Inverness
Account#1350001000	
406187	
$9.71	
Account#1350001001	406188	$245.80	
Account#1350010000	406197	$71.33	
Account#1350011000	406198	$9.71	
Account #1350013000	406200	$72.57	
Account#1350017000	406204	$24.34	
Account#1350022000	406209	$44.93	
Account#1350023000	406210	71.33	
Florida Pest Control
Pest Control Svcs Aug 2019	
872702	
$201.00	

Billing#	Fund	Projects

$2,071.88	$0.00
TOTAL	$21071.88

Secretary	Chairman

WYLD PALMS CDD

Payment Authorization No. 159
9/30/2019

Item No.

1	
Payee

Board Members Milage Meeting Aug & Sept, 2019	
Invoice Billing#	FY19
General Fund	FY20
General Fund	
	John Blakley/ Aug		$92.80		
	John Blakley/ Sept		$92.80		
	Patricia WaIden / 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
INteom.	Payee
City of lnverneaa Account#1350001000 Account#1350001001 Account#1350010000 Account#1350011000 Account#1350013000 Account#1350017000 Account#1350022000 Account#1350023000
Hopping Green & Sams
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.

FY20	FY20
Invoice	General	Capital
Billing#	Fund	Projects

1	A Clear Water Pool
Pool Svc Oct 2019	33303	$568.00		
2	Century Link
Account #31223018 9 ; Svc Oct 2019		
$156.02		
3	Florida Dept of Economic Opportunity (DEO)
Annual Fee FY20	
74382	
$175.00		
4	Grau & Associates
Audit FY 2019	
18742	
$500.00		
			$1,399.02	$0.00	
		TOTAL	$1,399.02		

Secretary	Chairman

Wyld Palms Community Development District

District's Financial Position and Budget to Actual YTD

Wyld Palms COD Statement of Activities As of 09/30/2019

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

Revenues

Other Income & Other Financing Sources	$ 70,375.00							$	70,375.00	
Inter-Fund Transfers	(1,029.75)							(1,029.75)	
Other Income & Other Financing Sources		$	134,681.93						$	134,681.93	
Inter-Fund Transfers		1,029.75						1,029.75	
lnter-Fund Transfers			$	5,759.75					$	5,759.75	
Inter-Fund Transfers					$	(5,759.75)			$	(5,759.75)	
Total Revenues	$ 69,345.25	$	135,711.68	$	5,759.75	$	$	(5,759.75)	$	$	$	205,056.93	
Expenses

Supervisor Fees	$	2,400.00			$	2,400.00	
Management	9,999.96			9,999.96	
Dissemination Agent	1,000.00			1,000.00	
District Counsel	6,475.50			6,475.50	
Audit	4,746.00			4,746.00	
Travel and Per Diem	285.36			285.36	
Telephone	31.97			31.97	
Postage & Shipping	145.13			145.13	
Copies	88.50			88.50	
Legal Advertising	2,105.39			2,105.39	
Miscellaneous	702.96			702.96	
Web Site Maintenance	1,400.00			1,400.00	
Dues, Licenses, and Fees	175.00			175.00	
Security	638.00			638.00	
Electric	11,954.25			11,954.25	
Water-Sewer	7,869.38			7,869.38	
Telephone, DSL, Cable· Clubhouse	3,661.27			3,661.27	
General Insurance	10,073.00			10,073.00	
Common Area Maintenance	1,915.00			1,915.00	
Pest Control	1,423.00			1,423.00	
Swimming Pools	6,248.00			6,248.00	
Management		$	8,000.00		$	8,000.00	
District Counsel		1,149.88		1,149.88	
Postage & Shipping		4.59		4.59	
Bank Fees		38.00		38.00	
Property Taxes		109,464.43		109,464.43	
Dues, Licenses, and Fees		762.75		762.75	
Water-Sewer		4,298.52		4,298.52	
Trustee Services			$	5,759.75	$	5,759.75	
Principal Payment - Series Bond			135,000.00	135,000.00	
Interest Payments • Series Bond			318,032.53	318,032.53	

Page 1

Wyld Palms COD Statement of Activities As of 09/30/2019

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

Bond Counsel				
$	9,805.00				
$	9,805.00	
Interest Payments Series Bond				522, 1 80.00				522, 1 80.00	
Bond Counsel					$	36,802.50			$	36,802.50	
Total Expenses	$ 73,337.67	$	123,71 8.1 7	$	458,792.28	$	531,985.00	$	36,802.50	$	$	$	1 ,224,635.62	

Other Revenues (Exeensesl & Gains (Losses!

Interest Income			$	53.68					$	53.68	
Net Increase (Decrease) in FV of Inv			0.08					0.08	
Interest Income				$	45.64				$	45.64	
Net Increase (Decrease) in FV of Inv				(1 6.41 )				(1 6.41 )	
Interest Income					$	4, 1 44.93			$	4, 1 44.93	
Net Increase (Decrease) in FV of Inv					(1 7.95)			(1 7.95)	
Total Other Revenues (Expenses) & Gains (Losses)	$	$	$	53.76	$	29.23	$	4, 1 26.98	$	# $	$	4,209.97	
Change In Net Assets	$ (3,992.42)	$	11 ,993.51	$	(452,978.77)	$	(531 , 955.77)	$ (38,435.27)	$	$	$ (1 ,01 5,368.72)	
Net Assets At Beginning Of Year	$ 23,286.35	$ 2,504, 1 26.92	$ (4,074,620.52)	$ (1 4,097,255.99)	$ 241 , 450.77	$ 11 ,933,735.1 4		$ (3,469,277.33)	

Net Assets At End Of Year	$ 1 9, 293.93	$ 2,51 6, 1 20.43	$ (4,527,599.29)	$ (1 4,629,21 1 .76)	$ 203,01 5.50	$ 11,933,735.1 4	
$	$ (4,484,646.05)	

Page 2

	MUS!		
current Assets
General Checking Account	
$	21 ,357.51							
$	21 ,357 .51	
Prepaid Expenses	2,81 8.00							2,818 .00	
General Checking Account		$	12,030.89						$	12,030.89	
Debt Service Reserve Bond			$	0.04					$	0.04	
Revenue Bond			101 .45					101 .45	
Debt Service Reserve Bond				$	1,497.00				$	1 ,497.00	
Revenue Bond				0.73				0.73	
Interest Bond				0.01				0.01	
Acquisition/Construction Bond					$ 198,855 .82			$	198,855.82	
Deferred Cost Bond					4,159.88			4,1 59.68	
Total Current Assets	$	24, 175.51	$	12,030.89	$	101 .49	$	1,497.74	$ 203,015 .50	$	$	$	240,821.13 	

Investments

Wyld Palms COD
Statement of Financial Position As of 09/30/201 9

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

Amount Available In Debt Service Funds	$	1 ,599. 23	$	1,599.23	
Amount To Be Provided	15,453,400.77	15,453,400.77	

$	$	$	$	$	$	$ 15 ,455,000.00	$	15,455,000.00	

Total Investments

Proeertii:, Plant & Egulement
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	$	24, 175.51	$    2,51 6,497.89	$	101 .49	$	1,497.74	$   203,015.50	$	11 ,933,735.14	$   15,455,000.00   $	30,1 34,023.27

Current Llabllltles

!.1!!!!1111111 !!Ill! !':II\ &IHI!!

Accounts Payable	$	4,506.58				$	4,506.58	
Notes and Loans Payable - Current	375.00				375.00	
Accounts Payable		$	377.46			$	377.46	
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	$	4,881 .58	$	377.46	$ 4,527,700.78	$ 14,630,709.50	$	$	$	$	19,163,669.32	

Page 1

Wyld Palms COD Statement of Financial Position
As of 09/30/2019 

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

Lona Jann Uabmtles
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 Liabilities	

$	

4,881 .58	

$	

377.46	

$	

4,527 ,700.78	

$	

14,630,709.50	

$	

$	

$	

15 ,455,000.00	
$	

34,61 8,669.32	

Net Assets, Unrestricted	$ 491 ,551 .10 							$	491 ,551 .10 	
Current Year Net Assets, Unrestricted	(1 ,029.75)							(1 ,029.75)	
Net Assets-General Government	(468,264.75)							(468,264.75)	
Current Year Net Assets - General	(2,962.67)							(2,962.67)	
Net Assets, 270		$ 3,006,508.91						$	3,006,508.91	
Current Year Net Assets, 270		121 ,457.94						121 ,457 .94	
Net Assets - General Government		(502,381 .99)						(502,381 .99)	
Current Year Net Assets - General Government		(109,464.43)						(1 09,464.43)	
Net Assets, Unrestricted			$ (4,074,620.52)					$	(4,074,620.52)	
Current Year Net Assets, Unrestricted			(452,978.77)					(452,978.77)	
Net Assets, Unrestricted				$ (1 4,097,255.99)				$ (14,097,255.99)	
Current Year Net Assets, Unrestricted				(531 ,955.77)				(531 ,955.77)	
Net Assets, Unrestricted					$ (20,562.82)			$	(20,562.82)	
Net Assets, Unrestricted					(1 55,61 6.46)			(1 55,616.46)	
Current Year Net Assets, Unrestricted					(38,435.27)			(38,435.27)	
Net Assets • General Goverrvnent					417 ,630.05			41 7,630.05	
Net Assets, lnvd in Capital, Net of Debt						$	11 ,933,735. 14		$	11 ,933,735.14 	
Total Net Assets	$	19,293.93	$ 2,51 6,120.43	$ (4,527,599.29)	$ (14,629,21 1 .76)	$ 203,01 5.50	$	11 ,933,735. 14 	$	$	(4,484,646.05)	
Total Llabllltles and Net Assets	$	24, 175.51	$ 2,51 6,497.89	$	101 .49	$	1,497.74	$ 203,01 5.50	$	1 1 ,933,735. 14 	$ 15,455,000.00	$	30,1 34,023.27	

"''"'"''

Page 2

Wyld  Palms CDD
Budget to Actual
For the Month Ending 09/30/2019

Revenues

Year To Date
Actual	Budget	Variance	FY 201 9
Adopted Budget

Other Income & Other Financing Sources	$	70,375.00	$	69,71 0.00	$	665.00	$	69,71 0.00	
Net Revenues	$	70,375.00	$	69,71 0.00	$	665.00	$	69,71 0.00	

Supervisor Fees	$	2,400.00	$	3,200.00	$	(800.00)	$	3,200.00	
Management	9, 999.96	10,000.00	(0.04)	10,000.00	
Dissemination Agent	1 ,000.00	1 ,000.00		1 ,000.00	
District Counsel	6,475 .50	8,000.00	(1 ,524.50)	8,000.00	
Audit	4,746.00	4,200.00	546.00	4,200.00	
Travel and Per Diem	285.36	400.00	(1 1 4.64)	400.00	
Telephone	31 .97	50.00	(1 8.03)	50.00	
Postage & Shipping	1 45. 13 	1 20.00	25. 13 	1 20.00	
Copies	88.50	1 25.00	(36.50)	1 25.00	
Legal Advertising	2,1 05.39	900.00	1 ,205.39	900.00	
Miscellaneous	702.96	375.00	327.96	375.00	
Web Site Maintenance	1 ,400.00	900.00	500.00	900.00	
Dues, Licenses, and Fees	175.00	1 75.00		1 75.00	
General Insurance	1 0,073.00	10,000.00	73.00	10,000.00	
Total General & Administrative Expenses	$	39,628.77	$	39,445.00	$	183.77	$	39,445.00	
ield Exeenses
Security	$	638.00	$	71 5.00	$	(77.00)	$	71 5.00	
Electric	11 ,954.25	6,500.00	5,454.25	6,500.00	
Gas		1 00.00	(1 00. 00)	1 00.00	
Water, Sewer (City of Inverness)	7, 869.38	7,500.00	369.38	7,500.00	
Telephone, DSL,Cable- (Clubhouse)	3,661 .27	3,300.00	361 .27	3,300.00	
Common Area Maintenance	1 ,91 5.00	3,000.00	(1 ,085.00)	3,000.00	
Pest Control	1 ,423.00	1 , 950.00	(527.00)	1 , 950.00	
Swimming Pools	6,248.00	7,200.00	(952.00)	7,200.00	
Total Field Expenses	$	33,708.90	$	30,265.00	$	3,443.90	$	30,265.00	
Total Expenses	$	731337.67	$	69z71 0.00	$	31627.67	$	69z71 0.00	
Net Income (Loss)	$	(2,962.67)	$	$	(2,962.67)	$	

General & Administrative Exeenses

F