Wyld Palms Community Development District
12051 Corporate Boulevard Orlando, FL 32817; 407-723-5900
http://wyldpalmscdd.com/

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 Monday, November 2, 2020 at 11:00 a.m. A quorum will be confirmed prior to the start of the meeting.

Please use the following information to join the telephonic conferencing:

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

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Swearing in Newly Elected Board Members
Consideration of the Minutes of the August 3, 2020 Board of Supervisors’ Meeting
Consideration of Resolution 2021-01, Canvassing and Certifying the Results of the Landowners’ Election
Consideration of Resolution 2021-02, Election of Officers
Discussion regarding Materials on the District Website

General Business Matters
Consideration of Resolution 2021-03, Adopting an Amended Budget for Fiscal Year 2020
Consideration of Fiscal Year 2020 Audit Engagement Letter
Ratification of Payment Authorization Nos. 186 - 197
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

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  	

The	foregoing	oath	was	administered	before	me	this	 		day	of
 	, 2020, 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:  	

Minutes of the August 3, 2020 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 Monday, August 3, 2020 at 11:00 a.m. using telephonic conferencing due to the COVID-19 Executive Orders 20-52, 20-69, and 20-112. Board Members listed below constituted a quorum:

Board Members present:			
Chris Julin	Chairman	(via phone)	
Trish Walden	Vice Chairman	(via phone)	
John Blakley	Assistant Secretary	(via phone)	
Also present were:			
Jen Walden	PFM	(via phone)	
Lynne Mullins	PFM	(via phone)	
Verona Griffith	PFM	(via phone)	
Tucker Mackie	Hopping Green & Sams (via phone)	

SECOND ORDER OF BUSINESS	Public Comment Period

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

THIRD ORDER OF BUSINESS	Discussion	regarding	Executive Orders 20-52, 20-69, & 20-112

Ms. Mullins stated that included in the agenda are Executive Orders 20-52, 20-69, and 20-112 which state that the District can hold their meetings via telephonic conferencing due to the COVID-19 situation. Additionally, Executive Order 20-179 has come out which extends our ability to hold our meetings via telephonic conferencing until the end of August. Also, included is a proof of the ad which was placed for today’s meeting and notes those executive orders as well as the telephonic conferencing information.

FOURTH ORDER OF BUSINESS	Swearing on Maurice Daniel

Ms. Mullins noted District Management sent Mr. Daniel the Oath of Office but have not received a signed Oath back yet. This item will be tabled until the next meeting.

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FIFTH ORDER OF BUSINESS	Consideration of the Revised Minutes of the June 1, 2020 Board of Supervisors’ Meeting

Board Members reviewed the revised minutes for the June 1, 2020 Board of Supervisors’ Meeting.

On Motion Ms. T. Walden, second by Mr. Blakley, with all in favor, the Wyld Palms Community Development District Board of Supervisors approved the revised minutes of the June 1, 2020 Board of Supervisors’ Meeting.

SIXTH ORDER OF BUSINESS	Consideration of Resolution 2020-07, Approving an Annual Meeting Schedule for Fiscal Year 2020-2021

Ms. Mullins recommended keeping the same schedule of the first Monday of the month at 11:00 a.m. at the Wyld Palms Clubhouse.

On Motion Ms. T. Walden, second by Mr. Blakley, with all in favor, the Wyld Palms Community Development District Board of Supervisors approved Resolution 2020-07, Approving an Annual Meeting Schedule for Fiscal Year 2020-2021.

SEVENTH ORDER OF BUSINESS	Public Hearing on the Adoption of the Amended and Restated Rules of Procedure
Public Comments and Testimony
Board Comments
Consideration of Resolution 2020- 08, Adopting the Amended and Restated Rules of Procedure

Ms. Mullins noted the public hearing was properly noticed per Florida Statutes and requested a motion to open the public hearing.

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On Motion by Mr. Blakley, second by Ms. T. Walden, with all in favor, the Wyld Palms Community Development District Board of Supervisors opened Public Hearing.

There were no members of the public present, so Ms. Mullins requested a motion to close the public hearing.

On Motion by Ms. T. Walden, second by Mr. Julin, with all in favor, the Wyld Palms Community Development District Board of Supervisors closed the Public Hearing.

Ms. Mullins presented Resolution 2020-08. The Board saw the Amended and Restated Rules of Procedure at the last meeting and requested a motion to approve Resolution 2020-08, as presented

On Motion by Mr. Julin, second by Ms. T. Walden, with all in favor, the Wyld Palms Community Development District Board of Supervisors approved Public Hearing 2020-08, Adopting the Amended and Restated Rules of Procedure.

EIGHTH ORDER OF BUSINESS	Public Hearing on the Adoption of the District’s Annual Budget
Public comments and Testimony
Board Comments
Consideration of Resolution 2020- 09, Adopting the Fiscal Year 2021 Budget and Appropriating Funds.

Ms. Mullins stated the District noticed the public hearing pursuant to Florida Statutes and requested a motion to open the public hearing.

On Motion by Mr. Blakley, second by Mr. Julin, with all in favor, the Wyld Palms Community Development District Board of Supervisors opened Public Hearing.

Ms. Mullins stated this is the same budget the Board approved in preliminary form back in May. The overall proposed amount is $86,875.00. Mr. Blakley asked if Mr. Julin solved the issue with the air conditioning. Mr. Julin stated no. Mr. Blakley asked if it was budgeted. Ms. T. Walden replied she was not sure the District

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was given a price. Ms. Mackie stated there are funds available in the budget for certain field related expenses and there are also miscellaneous funds available. The budgeted amounts are funded by the Bondholders and their approval of the cost is needed before engaging a vendor is prudent. Ms. J. Walden will follow up with the Bondholders for approval.

Mr. Julin noted there was an issue a few weeks ago. Someone got into the building and did not turn off the alarm and when he went back all the doors were secure and the police were dispatched. He thinks someone has an extra key. Ms. T. Walden stated it is not the current buyer. A discussion took place. Mr. Julin suggested approving a not to exceed amount to have a locksmith out. A discussion took place regarding solutions for the locks. Mr. Julin stated if the Board approves a not to exceed amount he will contact a few locksmiths. Ms. Mullins requested a not to exceed amount of $1,200.00 for Mr. Julin to move forward with looking into a Locksmith and keypad.

On Motion by Ms. T. Walden, second by Mr. Blakley, with all in favor, the Wyld Palms Community Development District Board of Supervisors authorized a not to exceed amount of $1,200.00 for Mr. Julin to move forward with looking into a locksmith and keypad.

Ms. Mullins requested a motion to close the public hearing.

On Motion by Ms. T. Walden, second by Mr. Julin, with all in favor, the Wyld Palms Community Development District Board of Supervisors closed the Public Hearing.

Ms. Mullins requested a motion to approve Resolution 2020-09, as presented.

On Motion by Mr. Blakley, second by Ms. T. Walden, with all in favor, the Wyld Palms Community Development District Board of Supervisors approved Public Hearing 2020-09, Adopting the Fiscal Year 2021 Budget and Appropriating Funds.

NINTH ORDER OF BUSINESS	Consideration of Fiscal Year 2021 SPE Operating Budget

Ms. Mullins explained this is the same budget that the Board approved in preliminary form in May. It is the same amount as last year at $146,264.43 for the minimum budget.

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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 Fiscal Year 2021 SPE Operating Budget.

TENTH ORDER OF BUSINESS	Ratification of Fiscal Year 2019 Audit

The Audit was seen and reviewed by District staff and the Chairman. There were the same findings related to the financial condition, assessment, and filings. Since the Audit was due prior to today’s meeting the Chairman signed off and the Audit was submitted by the due date. Ms. Mullins requested a motion to ratify the Fiscal Year 2019 Audit.

On Motion by Ms. T. Walden, second by Mr. Blakley, with all in favor, the Wyld Palms Community Development District Board of Supervisors ratified the Fiscal Year 2019 Audit.

ELEVENTH ORDER OF BUSINESS	Ratification of Payment Authorization No. 179 & 185

The Board reviewed Payment Authorization No. 179 & 185. Ms. Mullins noted that these have been approved and paid and just need to be ratified.

On Motion by Mr. Julin, second by Ms. T. Walden, with all in favor, the Wyld Palms Community Development District Board of Supervisors ratified Payment Authorization Nos. 179 & 185.

TWELFTH ORDER OF BUSINESS	Review	of	District’s	Financial Statements

The Board Members reviewed the District’s financials through July 31, 2020. Ms. Mullin noted that the District is currently running under budget. No action was required by the Board.

THIRTEENTH ORDER OF BUSINESS	Staff Reports, Supervisor Requests,	
	and Audience Comments	
District Counsel – No Report		

District Manager – Ms. Mullins noted the next meeting is scheduled for Monday, September 7, 2020 at 11:00 a.m. at the Wyld Palms Clubhouse.

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District Engineer – Not Present

Supervisor Requests: Mr. Julin asked about time period of the extension for the Executive Order. Ms. Mullins stated it expires midnight September 1, 2020. Ms. Mackie stated the District’s have been getting the extensions in the final week of the month and District staff will update the Board in the event the District needs to hold the meeting in September and there is an extension.

Ms. T. Walden noted she finally negotiated agreeable price and terms for the Esplanade purchase of the Wyld Palms Holdings land and a contract is being drawn up currently. She will keep District staff posted.

FOURTEENTH ORDER OF BUSINESS	Adjournment

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

On MOTION by Ms. T. Walden, second by Mr. Julin, with all in favor, August 3, 2020 Board of Supervisors’ Meeting for the Wyld Palms Community Development District was adjourned.

 	_ 		 	_ 	
Secretary / Assistant Secretary	Chairperson / Vice Chairperson

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Wyld Palms Community Development District

Resolution 2021-01,
Canvassing and Certifying the Results of the Landowners’ Election
(exhibit a provided under separate cover)

RESOLUTION 2021-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS ELECTION OF SUPERVISORS HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Wyld Palms Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Orlando, Orange County, Florida; and

WHEREAS, pursuant to Section 190.006(2), Florida Statutes, a landowners meeting is required to be held within ninety (90) days of the District’s creation and every two (2)years following the creation of the District for the purpose of electing supervisors of the District; and

WHEREAS, such landowners meeting was held on November 3, 2020, the Minutes of which are attached hereto as Exhibit A, and at which the below recited persons were duly elected by virtue of the votes cast in his/her favor; and

WHEREAS, the Board of Supervisors of the District, by means of this Resolution, desire to canvas the votes and declare and certify the results of said election.

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

Section 1. The following persons are found, certified, and declared to have been duly elected as Supervisor of and for the District, having been elected by the votes cast in their
favor as shown:	
	Seat 2	Votes  		
	
Seat 3	
Votes  		
	
Seat 5	
Votes  		

Section 2. In accordance with Section 190.006(2), Florida Statutes, and by virtue of the number of votes cast for the Supervisor, the above-named person is declared to have been elected for the following term of office:

 		(4) Year Term

 		(4) Year Term

 		(2) Year Term

Section 3. This Resolution shall become effective immediately upon its adoption.

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PASSED AND ADOPTED THIS 2ND DAY OF November 2020.

Attest:

WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT

 	
Secretary/Assistant Secretary	Chairman/Vice Chairman

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EXHIBIT A

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Wyld Palms Community Development District

Resolution 2021-02, Election of Officers

RESOLUTION 2021-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT ELECTING OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Wyld Palms Community Development District (“District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Section 190.006(6), Florida Statutes, as soon as practicable after each election or appointment to the Board of Supervisors (the “Board”), the Board shall organize by electing one of its members as chair and by electing a secretary, and such other officers as the Board may deem necessary.

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

Section 1.	 	 is elected Chairman.	
Section 2.	 	 is elected Vice Chairman.	
Section 3.	 	 is elected Secretary.	
 	 is elected Assistant Secretary.	
 	 is elected Assistant Secretary.	
 	 is elected Assistant Secretary.	
 	 is elected Assistant Secretary.	
Section 4.	 	 is elected Treasurer.	
Section 5.	 	 is elected as Assistant Treasurer.	
Section 6.	All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.	
Section 7.	This Resolution shall adoption.	become	effective	immediately upon its	

PASSED AND ADOPTED THIS 2ND DAY OF NOVEMBER, 2020.

WYLD PALMS
COMMUNITY DEVELOPMENT
ATTEST:	DISTRICT

Secretary/Assistant Secretary	Chairman/Vice-Chairman

Wyld Palms Community Development District

Materials on the District Website

MEMORANDUM

TO:	District Manager	
FROM:	HGS Attorney	
DATE:	July 1, 2020	
RE:	Amendments to Section 189.069(2)(a), Florida Statutes	

The Florida Legislature recently enacted amendments to the website requirements contained in Section 189.069(2)(a), Florida Statues, effective July 1, 2020. The full text of these amendments is attached to this memorandum as Exhibit A, and the amendments are summarized below:
The requirement to post the final, complete audit report for the most recent completed fiscal year and audit reports required by law or authorized by the governing body of the special district may be satisfied by providing a link to the audit report on the Auditor General’s website.
The public facilities report is no longer required to be posted.
Meeting materials accompanying meeting or workshop agendas are no longer required to be posted. Please note that the agenda itself is still required to be posted.
The amendments do not prevent districts from including these documents on their websites, but districts may remove them if they so choose. We recommend requesting board direction on a district-by-district basis.
Please do not hesitate to contact your HGS attorney at (850) 222-7500 if you have any questions or concerns.

CHAPTE  2020-77 

Committee Substitute for Senate Bill No. 1466 

An act relating to government accountability; amending s. 189.031, F.S.; specifying conditions under which board members and public employees of special districts do not abuse their public positions; amending s. 189.069, F.S.; revising the list of items required to be included on the websites of special districts; amending s. 190.007, F.S.; specifying conditions under which board members and public employees of community development districts do not abuse their public positions; providing effective dates. 

Be It Enacted by the Legislature of the State of Florida: 
Section 1. Effective January 1, 2021, subsection (6) is added to section 189.031, Florida Statutes, to read: 
189.031 Legislative intent for the creation of  independent  special districts; special act prohibitions; model elements and other requirements; local general-purpose government/Governor and Cabinet creation author- izations.— 
(6) GOVE NANCE.—For purposes of s. 8(h)(2), Art. II of the State Constitution, a board member or a public employee of a special district does not abuse his or her public position if the board member or public employee commits an act or omission that is authorized under s. 112.313(7), (12), (15), or (16) or s. 112.3143(3)(b), and an abuse of a board member’s position does not include any act or omission in connection with a vote when the board member has followed the procedures required by s. 112.3143. 
Section 2. Paragraph (a) of subsection (2) of section 189.069, Florida Statutes, is amended to read: 
189.069 Special districts; required reporting of information; web-based public access.— 
(2)(a) A special district shall post the following information, at a minimum, on the district’s official website: 
1. The full legal name of the special district. 2. The public purpose of the special district. 
The name, official address, official e-mail address, and, if applicable, term and appointing authority for each member of the governing body of the special district. 
The fiscal year of the special district. 
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CODING: Words stricken are deletions; words underlined are additions. 

The full text of the special district’s charter, the date of establishment, the establishing entity, and the statute or statutes under which the special district operates, if different from the statute or statutes under which the special district was established. Community development districts may reference chapter 190 as the uniform charter but must include information relating to any grant of special powers. 
The mailing address, e-mail address, telephone number, and website uniform resource locator of the special district. 
A description of the boundaries or service area of, and the services provided by, the special district. 
A listing of all taxes, fees, assessments, or charges imposed and collected by the special district, including the rates or amounts for the fiscal year and the statutory authority for the levy of the tax, fee, assessment, or charge. For purposes of this subparagraph, charges do not include patient charges by a hospital or other health care provider. 
The primary contact information for the special district for purposes of communication from the department. 
A code of ethics adopted by the special district, if applicable, and a hyperlink to generally applicable ethics provisions. 
The budget of the special district and any amendments thereto in accordance with s. 189.016. 
The final, complete audit report for the most recent completed fiscal year and audit reports required by law or authorized by the governing body of the special district. If the special district has submitted its most recent final, complete audit report to the Auditor General, this requirement may be satisfied by providing a link to the audit report on the Auditor General’s website. 
A listing of its regularly scheduled public meetings as required by s. 189.015(1). 
The public facilities report, if applicable. 
The link to the Department of Financial Services’ website as set forth in s. 218.32(1)(g). 
15.16. At least 7 days before each meeting or workshop, the agenda of the event, along with any meeting materials available in an electronic format, excluding confidential and exempt information. The information must remain on the website for at least 1 year after the event. 
Section 3. Effective January 1, 2021, subsection (1) of section 190.007, Florida Statutes, is amended to read: 
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CODING: Words stricken are deletions; words underlined are additions. 

190.007 Board of supervisors; general duties.— 
The board shall employ, and fix the compensation of, a district manager. The district manager shall have charge and supervision of the works of the district and shall be responsible for preserving and maintaining any improvement or facility constructed or erected pursuant to the provisions of this act, for maintaining and operating the equipment owned by the district, and for performing such other duties as may be prescribed by the board. It shall not be a conflict of interest under chapter 112 for a board member or the district manager or another employee of the district to be a stockholder, officer, or employee of a landowner or of an entity affiliated with a landowner. The district manager may hire or otherwise employ and terminate the employment of such other persons, including, without limitation, professional, supervisory, and clerical employees, as may be necessary and authorized by the board. The compensation and other conditions of employment of the officers and employees of the district shall be as provided by the board. For purposes of s. 8(h)(2), Art. II of the State Constitution, a board member or a public employee of a district does not abuse his or her public position if the board member or public employee commits an act or omission that is authorized under this subsection, s. 112.313(7), (12), (15), or (16), or s. 112.3143(3)(b), and an abuse of a board member’s public position does not include any act or omission in connection with a vote when the board member has followed the procedures required by s. 112.3143. 
Section 4. Except as otherwise expressly provided in this act, this act shall take effect July 1, 2020. 
Approved by the Governor June  23,  2020. Filed in Office Secretary of State June 23, 2020. 

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CODING: Words stricken are deletions; words underlined are additions. 

Wyld Palms Community Development District

Resolution 2021-03, Adopting an Amended Budget for
Fiscal Year 2020

RESOLUTION 2021-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN AMENDED GENERAL FUND BUDGET FOR FISCAL YEAR 2019/2020, PROVIDING FOR APPROPRIATIONS; ADDRESSING CONFLICTS AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, on August 6, 2019, the Board of Supervisors of the Wyld Palms Community Development District (“Board”), adopted Resolution 2019-07 providing for the adoption of the District’s Fiscal Year 2019/2020 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 2019-07 authorize the Board to amend the Budget within sixty (60) days following the end of the Fiscal Year 2019/2020; 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  2019/2020.

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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, 2020, as amended and adopted by the Board of Supervisors effective November 2, 2020.”

APPROPRIATIONS. There is hereby appropriated out of the revenues of the Wyld Palms Community Development District, the fiscal year beginning October 1, 2019, and ending September 30, 2020, 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	$79,470.00
DEBT SERVICE FUND	$10,795,167.50	
TOTAL ALL FUNDS	$10,874,634.50	

CONFLICTS. This Resolution is intended to amend, in part, Resolution 2019-07, which remains in full force and effect except as otherwise provided herein. All terms of Resolution 2019-07 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 2,
2020.

Introduced, considered favorably, and adopted this 2nd day of November, 2020.

ATTEST:	WYLD PALMS COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Amended Fiscal Year 2019/2020 Budget

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Exhibit A
Amended Fiscal Year 2019/2020 Budget

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Wyld Palms CDD
FY 2020 Adopted Budget (proposed revised)

	
Actual	FY 2020
Adopted Budget	FY 2020
Budget (proposed revised)	

Revenues								
Other Income & Other Financing Sources	$ 79,470.00	$ 79,470.00	$ 79,470.00	
Net Revenues	$ 79,470.00	$ 79,470.00	$ 79,470.00	
General & Administrative Expenses								
Supervisor Fees	$ 2,400.00	$ 2,400.00	$ 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	7,396.50	8,000.00	7,400.00	
Re-amortization Schedule	-			500.00			-	
Audit	5,500.00	5,000.00	5,500.00	
Travel and Per Diem	98.60			400.00			100.00	
Telephone	-			50.00			-	
Postage & Shipping	95.83			120.00			120.00	
Copies	-			125.00			-	
Legal Advertising	1,507.62	1,200.00	1,550.00	
Miscellaneous	729.71			375.00	1,000.00	
Web Site Maintenance	2,100.00	2,400.00	2,100.00	
Dues, Licenses, and Fees	184.11			175.00			185.00	
General Insurance	4,973.00	5,725.00	4,975.00	
Property & Casualty	6,462.00	7,275.00	6,465.00	
Total General & Administrative Expenses	$ 42,447.33	$ 44,745.00	$ 42,795.00	
General Field Expenses								

Security	
$ 1,101.16	
$	775.00	
$ 1,125.00	
Electric	13,409.67	11,500.00	13,500.00	
Gas	-			100.00			-	
Water-Sewer	8,779.79	7,525.00	9,000.00	
Telephone, DSL, Cable - Clubhouse	2,800.68	3,400.00	2,810.00	
Common Area Maintenance	1,650.00	2,500.00	1,800.00	
Pest Control	1,426.02	1,500.00	1,440.00	
Swimming Pools	6,949.97	7,425.00	7,000.00	
Total Field Expenses	$ 36,117.29	$ 34,725.00	$ 36,675.00	
Total Expenses	  $ 78,564.62 	  $ 79,470.00 	  $ 79,470.00 	
Income (Loss) from Operations	$	905.38		$	-		$	-	
Other Income (Expense)								
Interest Income	$	4.60		$	-		$	-	
Total Other Income (Expense)	$	4.60		$	-		$	-	
Net Income (Loss)	$	909.98		$	-		$	-	

Page 1 of 1

Wyld Palms CDD
Adopted Debt Service Fund Budget
Series 2007A/B Special Assessment Bonds FY 2020 "Exhibit A, Continued"

FY 2020
Adopted	
Budget*	
REVENUES*:	
Special Assessment Revenue Series 2007A	$	602,987.50	
Special Assessment Revenue Series 2007B**	10,192,180.00	
TOTAL REVENUES	  $ 10,795,167.50	

EXPENDITURES*:		
Series 2007A -Interest 11/1/19	$	145,887.50	
Series 2007A - Interest 5/1/20	145,887.50	
Series 2007A - Principal 5/1/20	170,000.00	
Series 2007B -Interest 11/1/19	522,180.00	
Series 2007B - Principal 11/1/19	9,670,000.00	
TOTAL EXPENDITURES	  $ 10,653,955.00	

EXCESS REVENUES	

  $	141,212.50	

November 1, 2020 Series 2007A Debt Service Payment	

  $	141,212.50	

The District is in a state of default related to all of its bond debt service obligations. The District successfully foreclosed on the property that served as security for the repaymentof its bond debt
obligations. The property is now being marketed for sale with the proceeds used to repay the District's bondholders. No bond debt service payments are anticipated until the foreclosed property is sold.

***The District's Series 2007B Bonds matured on November 1, 2015. However, the 2007B Bonds have not been repaid, nor have any debt service payments been made to bondholders.

Wyld Palms Community Development District

Fiscal Year 2020 Audit Engagement Letter

951 Yamato Road ▪ Suite 280 Boca Raton, Florida  33431 (561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

October 26, 2020

To Board of Supervisors
Wyld Palms Community Development District 12051 Corporate Blvd.
Orlando, FL 32817

We are pleased to confirm our understanding of the services we are to provide Wyld Palms Community Development District, Citrus County, Florida (“the District”) for the fiscal year ended September 30, 2020, with an option for one one-year renewal. We will audit the financial statements of the governmental activities and each major fund (general. debt service, capital projects, and special revenue funds), including the related notes to the financial statements, which collectively comprise the basic financial statements of Wyld Palms Community Development District as of and for the fiscal year ended September 30, 2020, with an option for one one-year renewal. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes.
Accounting standards generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management’s Discussion and Analysis.
Budgetary comparison schedule
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute
218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. The District will provide a statement describing corrective actions to be taken in response to each of our recommendations included in the audit report, if any, and relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.

With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.
Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

The auditor agrees and understands that Chapter 119, Florida Statutes, may be applicable to documents prepared in connection with the services provided hereunder and agrees to cooperate with public record requests made thereunder. In connection with this Agreement, the auditor agrees to comply with all provisions of Florida’s public records laws, including but not limited to Section 119.0701, Florida Statutes, the terms of which are incorporated herein. Among other requirements, the auditor must:

Keep and maintain public records required by the District to perform the service.
Upon request from the District’s custodian of public records, provide the District with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes or as otherwise provided by law.
Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the Agreement if the auditor does not transfer the records to the District.
Upon completion of this Agreement, transfer, at no cost, to the District all public records in possession of the auditor or keep and maintain public records required by the District to perform the service. If the auditor transfers all public records to the District upon completion of this Agreement, the auditor shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If the auditor keeps and maintains public records upon completion of the Agreement, the auditor shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the District, upon request from the District’s custodian of public records, in a format that is compatible with the information technology systems of the District.

IF THE AUDITOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE AUDITOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS, JENNIFER WALDEN, C/O PFM GROUP CONSULTING, LLC., 12051 CORPORATE BLVD., ORLANDO,
FL 32817, 407-723-5900, waldenj@pfm.com.

This agreement provides for a contract period of one (1) year with the option of one (1) additional, one-year renewal upon the written consent of both parties. Our fee for these services will not exceed $5,600 for the September 30, 2020 audit. The fee for fiscal year 2021 will not exceed $5,700 unless there is a change in activity by the District which results in additional audit work or if additional Bonds are issued.

We will complete the audit within prescribed statutory deadlines, with the understanding that your employees will provide information needed to perform the audit on a timely basis. We acknowledge that the District must submit its annual Audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year. Accordingly, we will deliver a draft audit to the District no later than May 15, 2021. All accounting records (including, but not limited to, trial balances, general ledger detail, vendor files, bank and trust statements, minutes, and confirmations) for the fiscal year ended September 30, 2020 must be provided to us no later than January 31, 2021, in order for us to deliver a draft audit to the District no later than May 15, 2021. If the draft is timely reviewed by management, the final audit will be provided no later than June 15, 2021.

The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.

Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

This agreement may be renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately.

The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates.

We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2019 peer review report accompanies this letter.

We appreciate the opportunity to be of service to Wyld Palms Community Development District and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us. This letter, with any addendum if applicable, constitutes the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties.

Very truly yours, Grau & Associates

Antonio J. Grau

RESPONSE:
This letter correctly sets forth the understanding of Wyld Palms Community Development District.

By:	 Title:	 Date:   	

•

"	AICPA'

Peer Review Prog ram

Flonda ln,titute al Cenified l'\tllic Aa:our>t.anlS
FICPA Peer R,eview Program
Administered in Florida
bv The Florida Institute of CPAs

AICPA Peer Re,view Program Admlnlsleredn Florida
by lhe Florida Institute of CPAs

Feb ruary 20, 2020

Antonio  Grau Grau & Associates
951 Yamato Rd Ste 280 Boca Raton, FL 33431-1809

Dear Anto nio Grau

It is my pleasure to notify you th at on February 20, 2020, the Florida Peer Review Committee accep ted  the report on the most recen t System Review of your firm . The due date for your next revi ew is December  31, 2022. This is the date by which all review documen ts should be completed and submitted to the administering entity.

As you know, the report had a peer review rating of pass. The Committee asked  me  to  convey  its congratulations to t he firm .

Thank you for your cooperation Sincere .
rtCPA· Ptk

Peer Review Team
FICPA Peer Review Committee paul @ficpa org
800-342-3197 ext 251

Florida Institute of CPAs

cc Daniel Hevia, R acquel McIntosh

Firm Number   900004390114	Revie w Number 571202

3800 Esplanade Wa y, Su ite 210 I Talla hassee. FL 32311 800.342 . 3197 In Florida i 850.224 . 2 727 f Fa x: 850.222.8190 I www.licpa.org

Wyld Palms Community Development District

Payment Authorization Nos. 186 – 197

Payment Authorization No. 186
7/14/2020
FY20
Item	Payee	Invoice	General
No.	Billing #	Projects

Tampa Bay Times

76809-0630	$	226.92	

115544	
$	
757.50	

20028	
$	
1,000.00	

DM-07-2020-0073	
$	
833.33	
DM-07-2020-0091	$	100.00	

Legal Ad -06/01/2020 - 06/30/2020

Hopping Green & Sams
General Counsel Through 05/31/2020

Grau and Associates
Audit FY 2019

PFM Group Consulting DM Fees July 2020 Website Fee July 2020

$	2,917.75

TOTAL	$2,917.75

Secretary	Chairman

Payment Authorization No. 187	
7/29/2020					
				FY20	
Item	Payee		Invoice	General	
No.			Billing #	Projects	

1	
Tampa Bay Times				
	Legal Ad - 07/15/2020-07/22/2020		76809-92565	$	199.20	
2	PFM Group Consulting, LLC				
	June 2020 Postage		OE-EXP-00981	$	9.65	
	May 2020 Postage		OE-EXP-00925	$	2.00	
3	SECO Energy				
	Utility- A/c#2011162501 - 06/19/2020-0721/2020		----	$	57.35	
	Utility- A/c#2011322701 - 06/19/2020-0721/2020		----	$	1,134.16	
	Utility - A/c#2011329201 - 06/19/2020-07/21/2020		----	$	76.70	
	Utility - A/c#2011438701 - 06/19/2020-07/21/2021		----	$	43.23	
	Utility - A/c#2011362101 - 06/19/2020-07/21/2022		----	$	43.35	
	Utility - A/c#2011976001 - 06/19/2020-07/21/2023			$	45.15	
				$	1,610.79	
			TOTAL	$1,610.79	
	Secretary		Chairman		

Payment Authorization No. 188	
8/7/2020						
					FY20	
Item	Payee			Invoice	General	
No.				Billing #	Projects	

1	
A Clear Water Pool					
	August Pool Service			34378	$	568.00	
2	WP Board Meeting					
	Chris Julin			08.03.2020	$	200.00	
	John Blakley			08.03.2020	$	200.00	
	Patricia Walden			08.03.2020	$	200.00	
3	City of Inverness					
	Account #1350010000			459115	$	73.09	
	Account #1350011000			459116	$	9.92	
	Account #1350013000			459118	$	74.36	
	Account #1350017000			459122	$	24.93	
	Account #1350022000			459127	$	46.03	
	Account #1350023000			459128	$	73.09	
	Account #1350001000			459105	$	9.92	
	Account #1350001001			459106	$	380.21	
					$	1,859.55	
				TOTAL	$1,859.55	
	Secretary		Chairman	

Payment Authorization No. 189	
8/18/2020						
					FY20	
Item	Payee			Invoice	General	
No.				Billing #	Projects	

1	
PRM Group Consulting					
	DM Fees - August 2020			DM-08-2020-0066	$	833.33	
2	Tampa Bay Times					
	Legal Ad			76548	$	401.50	
					$	1,234.83	
				TOTAL	$1,234.83	
	Secretary			Chairman		

Payment Authorization No. 190
8/21/2020
FY20
Item	Payee	Invoice	General
No.	Billing #	Projects

Airfx Heating and Air Conditioning

100615	$	179.00	

INV-31923-W4M4	
$	3,067.00	

TOTAL	$	3,246.00

$3,246.00	

Repair to compressor

Florida Municipal Insurance Trust
1st Billing for FY 2020-2021

Secretary	Chairman

Payment Authorization No. 191	
9/1/2020				
			FY20	
Item	Payee	Invoice	General	
No.		Billing #	Projects	

1	
City of Inverness			
	Account #1350001000	463936	$	9.92	
	Account #1350001001	463937	$	331.57	
	Account #1350010000	463946	$	73.09	
	Account #1350013000	463949	$	74.36	
	Account #1350017000	463953	$	24.93	
	Account #1350022000	463958	$	46.03	
	Account #1350023000	463959	$	73.09	
	Account #1350011000		$	9.92	
2	SECO Energy			
	Account #2011162501 ; Svcs 07/21/20 - 08/19/20	--	$	51.95	
	Account #2011322701 ; Svcs 07/21/20 - 08/19/20	--	$	1,052.20	
	Account #2011329201 ; Svcs 07/21/20 - 08/19/20	--	$	69.60	
	Account #2011362101 ; Svcs 07/21/20 - 08/19/20	--	$	39.17	
	Account #2011438701 ; Svcs 07/21/20 - 08/19/20	--	$	39.17	
	Account #2011976001 ; Svcs 07/21/20 - 08/19/20	--	$	41.43	
			$	1,936.43	
		TOTAL	$1,936.43	

Assistant Secretary / Secretary	Chairman

Payment Authorization No. 192	
9/8/2020				
			FY20	
Item	Payee	Invoice	General	
No.		Billing #	Projects	

1	
A Clear Water Pool			
	September Pool Service	34404	$	568.00	
2	Hopping Green & Sams			
	General Counsel	116823	$	473.50	
			$	1,041.50	
		TOTAL	$1,041.50	

Assistant Secretary / Secretary	Chairman

Payment Authorization No. 193	
9/16/2020				
			FY20	
Item	Payee	Invoice	General	
No.		Billing #	Projects	

1	
PFM Group Consulting			
	September DM fees	DM-09-2020-0049	$	833.37	
2	VglobalTech			
	ADA Website	1850	$	100.00	
	ADA Website	1912	$	100.00	
			$	1,033.37	
		TOTAL	$1,033.37	

Assistant Secretary / Secretary	Chairman

Payment Authorization No. 194
9/29/2020
FY20
Item	Payee	Invoice	General
No.	Billing #	Projects

1	SECO Energy
A/c#2011162501 - 08/19/2020-09/21/2020	
----	
$	59.12	
	A/c#2011322701 - 08/19/2020 - 09/21/2020	----	$	1,185.52	
	A/c#2011329201 - 08/19/2020-09/21/2020	----	$	78.86	
	A/c#2011362101 - 08/19/2020 -09/21/2020	----	$	44.59	
	A/c#2011438701 - 08/19/2020-09/21/2020	----	$	44.59	
	A/c#2011976001 - 08/19/2020-09/21/2020	----	$	47.18	
2	PFM Group Consulting
May 2020 Fedex	
OE-EXP-00929	
$	5.43	
	July 2020 Postage	OE-EXP-01042	$	5.50	
	August 2020 Pstage	OE-EXP-01102	$	16.02	
			$	1,459.86	
		
TOTAL	
$1,459.86	

Assistant Secretary / Secretary	Chairman

Payment Authorization No. 195
10/5/2020

Item	Payee
No.

Hopping Green & Sams
General Counsel

A Clear-Water Pool
October Pool Service

City of Inverness Account #1350001000 Account #1350001001 Account #1350010000 Account #1350013000 Account #1350017000 Account #1350022000 Account #1350023000 Account #1350011000		

Invoice Billing #

117457

468786
468784
468793
468796
468800
468805
468806
468794

TOTAL	

FY20
General Projects

$	297.50

$	9.92
$	339.68
$	73.09
$	74.36
$	34.78
$	46.03
$	73.09
$	19.77

$	968.22

$1,536.22	

$

$	

FY 21
General Projects

568.00

568.00	
Assistant Secretary / Secretary	Chairman			

Payment Authorization No. 196
10/14/2020
FY20	FY 21
Item	Payee	Invoice	General	General
No.	Billing #	Projects	Projects

1	
PFM Group Consulting					
	September Postage	OE-EXP-01162	$	3.50		
2	Tampa Bay Times
Legal Ad					
		109235	$	80.20		
3	VGlobalTech Quarterly Audit Monthly Audit					
		1968
2025	$	300.00		
				$	100.00	
4	Florida Rest Control	----	$	204.02		

$	587.72	$	100.00

TOTAL	$687.72

Assistant Secretary / Secretary	Chairman

Item No.	
Payee	
Invoice Billing #	FY20
General Projects	FY 21
General Projects	

1	
PFM Group Consulting
October DM fee	

DM-10-2020-0042		

$	833.33	
2	Tampa Bay Times
Legal Ad	
109741		
$	195.80	

TOTAL

$	-

$1,029.13

$	1,029.13

 	
Assistant Secretary / Secretary	Chairman

Wyld Palms Community Development District

District’s Financial Position and Budget to Actual YTD

Wyld Palms CDD
Statement of Financial Position As of 9/30/2020	

General Fund	

Special Revenue	
Debt Service Fund - A	
Debt Service Fund - B	
Construction Fund	
General Fixed Assets	
Long Term Bond Debt		

Total	

Current Assets
General Checking Account Prepaid  Expenses General Checking Account
Debt Service Reserve A1 Bond Revenue A1 Bond
Debt Service Reserve B1 Bond Revenue B1 Bond
Interest B1 Bond Acquisition/Construction A1 Bond Deferred Cost A1 Bond
Total Current Assets	

$    21,353.41
3,183.00

$    24,536.41	

$	18,568.53

$	18,568.53	
Assets

$	0.04
105.66

$	105.70	

$	1,508.44
0.73
0.01

$	1,509.18	

$  171,513.24
4,191.50

$  175,704.74		

$	

-		

$	

-		

$	21,353.41
3,183.00
18,568.53
0.04
105.66
1,508.44
0.73
0.01
171,513.24
4,191.50

$	220,424.56	

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments	

$	

-		

$	

-	

$	

-	

$	

-		

$	

-		

$	

-	

$	1,614.87
15,453,385.13

$15,455,000.00		

$	1,614.87
15,453,385.13

$ 15,455,000.00	

Property, Plant & Equipment
Fixed Assets - Land
Other Fixed Assets (2007) Other Fixed Assets (2008) Other Fixed Assets (2009)
Total Property, Plant & Equipment	

$	

-	

$     2,504,467.00

$     2,504,467.00		

$	

-	

$	

-		

$	

-	

$  8,987,265.00
1,750,692.00
1,195,778.14

$11,933,735.14		

$	

-		

$   2,504,467.00
8,987,265.00
1,750,692.00
1,195,778.14

$ 14,438,202.14	
Total Assets	  $ 24,536.41 	  $ 2,523,035.53 	  $	105.70 	  $	1,509.18 	   $ 175,704.74 	   $11,933,735.14 	   $15,455,000.00 		   $ 30,113,626.70 	

Page 1 of 2

Wyld Palms CDD
Statement of Financial Position As of 9/30/2020

Liabilities and Net Assets

Current Liabilities Accounts Payable Accounts Payable Due to Bondholders Due to Bondholders
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities	
$	5,883.15

$	5,883.15

$	-		

$

$

$	

538.86

538.86

-		

$ 4,990,774.48

$ 4,990,774.48

$	-		

$ 15,153,028.50

$ 15,153,028.50

$	-		

$

$	

-

-		

$

$	

-

-	

$	-

$15,455,000.00

$15,455,000.00		
$	5,883.15
538.86
4,990,774.48
15,153,028.50

$ 20,150,224.99

$ 15,455,000.00

$ 15,455,000.00	
Total Liabilities	$	5,883.15		$	538.86		$ 4,990,774.48		$ 15,153,028.50		$	-		$	-	$15,455,000.00		$ 35,605,224.99	

Net Assets
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, 270
Current Year Net Assets, 270

Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted Net Assets, Unrestricted
Current Year Net Assets, Unrestricted Net Assets - General Government
Net Assets, Invd in Capital, Net of Debt

Total Net Assets	

$ 489,472.35

(19.25)
(471,709.82)

909.98

$ 18,653.26		

$

$	

3,127,966.85
114,595.98

(611,846.42)
(108,219.74)

2,522,496.67		

$(4,527,599.14)
(463,069.64)

$(4,990,668.78)		

$(14,629,348.53)
(522,170.79)

$(15,151,519.32)	

$   (20,562.82)
(203,351.48)
(18,011.01)
417,630.05

$  175,704.74	

$11,933,735.14

$11,933,735.14		

$	

-		

$	489,472.35

(19.25)
(471,709.82)
3,127,966.85
909.91814,595.98

(611,846.42)
(108,219.74)

(4,527,599.14)
(463,069.64)

(14,629,348.53)
(522,170.79)

(20,562.82)
(203,351.48)
(18,011.01)
417,630.05
11,933,735.14

$  (5,491,598.29)	
																
Total Liabilities and Net Assets	$ 24,536.41		$	2,523,035.53		$	105.70		$	1,509.18	$ 175,704.74	$11,933,735.14	$15,455,000.00		$ 30,113,626.70	

Page 2 of 2

General Fund	Special Revenue	Debt Service Fund - A	Debt Service Fund - B	Construction Fund	General Fixed Assets	Long Term Bond Debt	Total	

$79,470.00
(19.25)

$79,450.75	

$   128,237.24
19.25

$   128,256.49	

$	0.01
$	0.01	

$	

-	

$	

-	

$	

-	

$	

-	
$	79,470.00
(19.25)
128,237.24
19.25
0.01
$    207,707.25	

$  2,400.00
9,999.96
1,000.00
7,396.50
5,500.00
98.60
95.83
1,507.62
729.71
2,100.00
184.11
1,101.16
13,409.67
8,779.79
2,800.68
4,973.00
6,462.00
1,650.00
1,426.02
6,949.97

$78,564.62	

$	8,000.00
13.18
319.43
108,219.74
762.75
4,566.05

$   121,881.15	

$    145,000.00
318,073.70

$    463,073.70	

$	522,180.00

$	522,180.00	

$	8,680.25
10,504.00
$    19,184.25	

$	

-	

$	

-	
$	2,400.00
9,999.96
1,000.00
7,396.50
5,500.00
98.60
95.83
1,507.62
729.71
2,100.00
184.11
1,101.16
13,409.67
8,779.79
2,800.68
4,973.00
6,462.00
1,650.00
1,426.02
6,949.97
8,000.00
13.18
319.43
108,219.74
762.75
4,566.05
145,000.00
318,073.70
522,180.00
8,680.25
10,504.00
$ 1,204,883.72	

Revenues

Other Income & Other Financing Sources Inter-Fund Transfers
Other Income & Other Financing Sources Inter-Fund Transfers
Other Income & Other Financing Sources Total Revenues
Expenses

Supervisor Fees Management Dissemination Agent District Counsel Audit
Travel and Per Diem Postage & Shipping Legal Advertising Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees Security
Electric Water-Sewer
Telephone, DSL, Cable - Clubhouse General Insurance
Property & Casualty Common Area Maintenance Pest Control
Swimming Pools Management Postage & Shipping Miscellaneous Property Taxes
Dues, Licenses, and Fees Water-Sewer
Principal Payment - A Bond Interest Payments - A Bond Interest Payments - B1 bond Trustee Services
Bond Counsel Total Expenses

Page 1 of 2

	General	Special	Debt Service	Debt Service	Construction	General Fixed	Long Term	

Other Revenues (Expenses) & Gains (Losses)	Fund	Revenue	Fund - A	Fund - B	Fund	Assets	Bond Debt	

Total

Interest Income	$	4.60										$	4.60	
Interest Income			$	0.90								0.90	
Interest Income					$	4.16						4.16	
Net Increase (Decrease) in FV of Inv					(0.11)						(0.11)	
Interest Income							$	11.39				11.39	
Net Increase (Decrease) in FV of Inv							(2.18)				(2.18)	
Interest Income									$	1,468.76		1,468.76	
Net Increase (Decrease) in FV of Inv									(295.52)		(295.52)	
Total Other Revenues (Expenses) & Gains (Losses)	$	4.60		$	0.90		$	4.05		$	9.21		$	1,173.24		$	-	$	-	$	1,192.00	

Change In Net Assets	
$	
890.73	
$	
6,376.24	
$	
(463,069.64)	
$	
(522,170.79)	
$	
(18,011.01)	
$	
-	
$	
-	
$	
(995,894.47)	

Net Assets At Beginning Of Year	

$17,762.53	

$2,516,120.43	

$(4,527,599.14)	

$(14,629,348.53)	

$	

193,715.75	

$11,933,735.14	

$	

-	

$(4,495,613.82)	

Net Assets At End Of Year	$18,653.26	$2,522,496.67	$(4,990,668.78)	$(15,151,519.32)	$  175,704.74	$11,933,735.14	$	-	$(5,491,598.29)

Page 2 of 2

Wyld Palms CDD
Budget to Actual
For the Month Ending 9/30/2020

Year To Date	
FY 2020	
	Actual	Budget	Variance	Adopted	
Budget	

Revenues											
Other Income & Other Financing Sources	$79,470.00	$79,470.00		$	-	$ 79,470.00	
Net Revenues	$79,470.00	$79,470.00		$	-	$ 79,470.00	
General & Administrative Expenses											
Supervisor Fees	$ 2,400.00	$ 2,400.00		$	-	$ 2,400.00	
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	7,396.50	8,000.00	(603.50)	8,000.00	
Re-amortization Schedule	-			500.00	(500.00)			500.00	
Audit	5,500.00	5,000.00	500.00	5,000.00	
Travel and Per Diem	98.60			400.00	(301.40)			400.00	
Telephone	-			50.00			(50.00)			50.00	
Postage & Shipping	95.83			120.00			(24.17)			120.00	
Copies	-			125.00	(125.00)			125.00	
Legal Advertising	1,507.62	1,200.00	307.62	1,200.00	
Miscellaneous	729.71			375.00	354.71			375.00	
Web Site Maintenance	2,100.00	2,400.00	(300.00)	2,400.00	
Dues, Licenses, and Fees	184.11			175.00			9.11			175.00	
General Insurance	4,973.00	5,725.00	(752.00)	5,725.00	
Property & Casualty	6,462.00	7,275.00	(813.00)	7,275.00	
Total General & Administrative Expenses	$42,447.33	$44,745.00	$(2,297.67)	$ 44,745.00	
General Field Expenses											

Security	
$ 1,101.16	
$	775.00	
$ 326.16	
$	775.00	
Electric	13,409.67	11,500.00	1,909.67	11,500.00	
Gas	-			100.00	(100.00)			100.00	
Water-Sewer	8,779.79	7,525.00	1,254.79	7,525.00	
Telephone, DSL, Cable - Clubhouse	2,800.68	3,400.00	(599.32)	3,400.00	
Common Area Maintenance	1,650.00	2,500.00	(850.00)	2,500.00	
Pest Control	1,426.02	1,500.00			(73.98)	1,500.00	
Swimming Pools	6,949.97	7,425.00	(475.03)	7,425.00	
Total Field Expenses	$36,117.29	$34,725.00	$ 1,392.29	$ 34,725.00	
Total Expenses	  $78,564.62 	  $79,470.00 	  $ (905.38)	  $ 79,470.00 	
Income (Loss) from Operations	$	905.38		$	-	$ 905.38		$	-	
Other Income (Expense)											
Interest Income	$	4.60		$	-	$	4.60		$	-	
Total Other Income (Expense)	$	4.60		$	-	$	4.60		$	-	
Net Income (Loss)	$	909.98		$	-	$ 909.98		$	-	

Page 1 of 1