Ranches at Lake McLeod Community Development District
Meeting Agenda August 13, 2024

-. ·- -

Ranches at Lake McLeod
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
August 6, 2024
Board of Supervisors Meeting
Ranches at Lake McLeod Community Development District
Dear Board Members:

A meeting of the Board of Supervisors of the Ranches at Lake McLeod Community Development District will be held on Tuesday, August 13, 2024, at 10:00 AM at the Lake Alfred Public Library, 245 N Seminole Ave., Lake Alfred, FL 33850.

Zoom Video Link: https://us06web.zoom.us/j/83453124755
Call-In Information: 1-646-876-9923
Meeting ID: 834 5312 4755

Following is the advance agenda for the meeting:

Audit Committee Meeting
Roll Call
Public Comment Period
Review of Proposals and Tally of Audit Committee Members Rankings
Carr, Riggs & Ingram
DiBartolomeo, McBee, Hartley & Barnes
Grau & Associates
Adjournment

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Organizational Matters
Acceptance of Letter of Resignation from Nicole Henley
Appointment to Fill Board Seat #3
Administration of Oath to Newly Appointed Supervisor
Consideration of Resolution 2024-04 Appointing Assistant Secretaries
Approval of Minutes of the May 14, 2024 Board of Supervisor Meeting & Audit Committee Meeting
Acceptance of the Rankings of the Audit Committee and Authorizing Staff to Send Notice of Intent to Award
Public Hearings
Public Hearing on the Adoption of the Fiscal Year 2024/2025 Budget

1 Comments will be limited to three (3) minutes

Consideration of Resolution 2024-06 Adopting the District’s Fiscal Year 2024/2025 Budget and Appropriating Funds
Public Hearing on the Imposition of Operations and Maintenance Special Assessments
Consideration of Resolution 2024-07 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Resolution 2024-08 Designation of a Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2024/2025
Consideration of the Adoption of Goals and Objectives for the District
Presentation of Fiscal Year 2023 Audit Report
Consideration of Draft Disclosure of Public Financing Document
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Proposal from Jayman Enterprises, LLC for Installation of Pet Waste Stations in the Community
Consideration of Proposal from Frank Polly Sod & Landscape for Pest Control at Playground
Consideration of Proposals for Trash Can & Pet Waste Station Collection
Clean Star Services of Central Florida, Inc. (CSS)
Frank Polly Sod & Landscape
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Project Development Update
Status of Property Conveyance
Ratification of OS1 and OS2 Conveyance Deeds
Status of Permit Transfers
Other Business
Supervisors Requests and Audience Comments
Adjournment

Audit Committee Meeting

Section III

Section A

Professional Services Proposal for
Ranches at Lake McLeod Community Development District

June 17, 2024

Proposer
Carr, Riggs & Ingram CPAs and Advisors 189 Eglin Parkway NE, 2nd Floor
Fort Walton Beach, FL 32548 Phone: 850.244.8395
Fax: 850.243.5024

Submitted by
K. Alan Jowers Engagement Partner AJowers@CRIcpa.com

Dear Ranches at Lake McLeod Community Development District:

Carr, Riggs & Ingram, LLC (CRI) appreciates the opportunity to propose on auditing services to Ranches at Lake McLeod Community Development District. We are genuinely excited about the prospect of continuing to serve you and strengthening our long-term relationship. We pride ourselves on getting to know our clients and illuminating solutions by providing innovative ideas to move them from compliance to providing them a competitive advantage.

Investment in You. We believe in developing long-term, mutually beneficial relationships and quickly demonstrating value with a fee structure and service solutions that provide immediate and continued savings. Our investment starts on “Day 1” as your assigned team begins with our proven, streamlined process that minimizes your time and disruption during the service provider change and continues throughout the relationship.

Dedicated Team. CRI’s team consists of more than 2,000 professionals, which allows us to tailor your service team by aligning their industry, service, and specialty skills with your needs. Our dedicated teams deliver the highest level of business acumen and knowledge to your organization; our commitment to consistent staffing allows you to maximize savings and remain focused on your needs.

Equilibrium. CRI delivers big firm expertise with small firm service. Of approximately 46,000 public accounting firms in the United States, CRI currently ranks in the top 25. Additionally, as a part of PrimeGlobal, an association of independent accounting firms, we have access to international resources as – and when – needed. Leveraging these resources while maintaining local decision-making authority means that simplified solutions are only a phone call away. And we believe that’s the best of both worlds for our clients.

Active Partner Participation. Collectively, our partners deliver expertise derived from more than 7,500 years of business experience. With this level of talent, we thoughtfully choose a partner that aligns with your business’ needs and industry. Our hands-on, working partners “show up” to convey our genuine commitment to your success. They strive to earn trusted advisor roles by digging in, proactively learning your business, and producing long-term value for you.

Simplified Solutions. While our 500+ cumulative partner certifications is an impressive statistic, success is measured by translating complex concepts into client solutions. While accounting is the language of business, we’re here to decipher the jargon and help you make educated decisions. CRInnovate embraces agility and invention.

Our CRI vSTAR™ process provides a transformational approach to client service by encompassing every service we offer in a completely virtual format. Regardless of physical location, our processes are designed to provide clients with increased efficiencies, reduced travel costs, and crisis-proofing for business functions.

We have enjoyed being your business parnter for the last three years and we welcome the opportunity to continue demonstrating the same teamwork, expertise, innovation, and responsiveness that have made us one of the fastest growing public accounting firms in the United States. Again, we appreciate your consideration.

Sincerely,

K. Alan Jowers Engagement Partner
Carr, Riggs & Ingram, LLC

YOUR NEEDS
UNDERSTANDING & MEETING YOUR NEEDS	4
YOUR SERVICES & FEES
YOUR SERVICES & FEES	5
YOUR CHOICE: CRI
FIRM PROFILE	6
GOVERNMENT CREDENTIALS	7
RELEVANT EXPERIENCE	8
YOUR SOLUTION TEAM	9
DELIVERING QUALITY TO YOU	12
WORKING TOGETHER: OVERVIEW
SHARING CRI'S VALUES WITH YOU	13
TRANSITIONING YOU	14
CRI'S GLOBAL RESOURCES	15
JOIN OUR CONVERSATION	16
WORKING TOGETHER: DETAILS
CRI AUDIT FRAMEWORK	17
CRI AUDIT APPROACH	19
APPENDIX
APPENDIX A - RFP DOCUMENTS	21

From the RFP or during our recent visit with your team, we understood your team to express the following needs, requests, and/or issues. We’ve detailed our proposed solutions below and are happy to discuss other related projects as they arise and upon request.

NEEDS & ISSUES	SOLUTIONS & SERVICES	
Technical	The District is required to have independent audits performed on its financial statements.	Perform external audit services in accordance with auditing standards generally accepted in the United States of America (GAAS), in order to express an opinion on the Ranches at Lake McLeod Community Development District’s financial statements.	
Relational	The District’s Board of Supervisors and management expect open and
continuous communication with their CPA firm in order to avoid surprise findings at the end of the audit.	Communicate
contemporaneously and directly with management regarding the results of our procedures.

Anticipate and respond to concerns of management and/or the Audit Committee (if/when formed).	

We value creating mutually rewarding, long-term relationships with our clients. Our goal is to provide high quality, responsive service that yields returns far greater than your investment in our professional fees. Please find below our proposal of fees to provide the requested services for the upcoming fiscal years.

SERVICE	CRI FEES 2024	CRI FEES 2025	CRI FEES 2026	CRI FEES 2027	CRI FEES 2028	
Perform external audit services in accordance with auditing standards generally accepted in the United States of America (GAAS)	$8,500	$9,000	$9,500	$10,000	$10,500	

If Ranches at Lake McLeod Community Development District requests additional services outside of this proposal, professional fee hourly rates are as follows, but may be negotiated depending on the project request:

CLASSIFICATION	HOURLY RATE	
Partner	$380	
Manager	$230	
Senior	$165	
Staff	$125	
IT Specialist	$400	
Fraud Specialist	$400	

Our professional fees are based on the key assumptions that Ranches at Lake McLeod Community Development District will:

Make available documents and work papers for review at Ranches at Lake McLeod Community Development District's headquarters location, although we may choose to review at alternate locations.
Prepare certain schedules and analyses and provide supporting documents as requested.
Assist us in obtaining an understanding of the accounting systems of Ranches at Lake McLeod Community Development District.
Not experience a significant change in business operations or financial reporting standards.

CRI FIRM PROFILE	■■

FOUNDED IN 1997

•

2,000+
PROFESSIONALS

12STATES

400+
PARTNERS

35+ MARKETS
across the United states & Mexico

SERVICES
Accounting & Auditing Advisory
Business Support & Transactions Business Tax
Employee Benefit Plans
Governance, Risk & Assurance Individual Tax & Planning

•

TOP 25 CPA FIRM
(as ranked by Accounting Today)

IT Audits & Assurance

INDUSTRY EXPERTISE
Captive Insurance
Commercial Real Estate Construction

100,000+

CLIENTS

CRI FIRM VALUES:
CLIENT SERVICE. RESPECT. INTEGRITY.

11111
25+ YEARS
OF CONSISTENT GROWTH SINCE FORMATION

UNYIELDING INTEGRITY

Financial Institutions Governments Healthcare
Insurance
Manufacturing & Distribution Nonprofit

CRI FAMILY OF COMPANIES

-

Av. Auditwerx
i�. CRI Advanced Analytics
=	CRI Capital Advisors CRI Simple Numbers
&-; CRI TPA Services
.Bt-;  Level Four Advisory Services Paywerx
.B > Preferred Legacy Trust

GOVERNMENT CREDENTIALS	■■

Audit and ConsultingServicestor
5 0 0 +governmental entities with annual revenues

totaling $26

Bi	II ion

Governmental Partner Designations
Including: CPA, CGFM, CITP, CFE, CMA, CISA, CGEIT, CTGA, CFF, CGMA,and CGAP

CLIENTS WIT	ANNUAL
REVENUES UP TO:

2 3 0 +single audits performed annually

Consulting and other agreed upon

8

80+ School Districts

1 5 0 + goverment entities

procedures engagements for

Single Audit Resource Center's Award for Excellence in Knowledge, Value, and Overall Client Satisfaction

Member of AICPA's Government Audit Quality Center

$1.1 Billion
e11O+ Municipalities
$1.8 Billion
e75+ Agencies/Authorities

$3

Billion

CRI delivers a depth of resources that ensures our understanding of your challenges and innovative solutions for overcoming them. Our team’s combined experience is derived from providing audit, tax, consulting, and accounting outsourcing services. We parlay this vast experience and derived best practices into proven solutions that benefit you. Below we share specific, relevant client references; we encourage you to consult with them.

RELATIONSHIP	TIMELINE	SERVICE DESCRIPTION	RELEVANT POINTS TO CONSIDER	
Rizzetta & Company Shawn Wildermuth 3434 Colwell Avenue
Suite 200
Tampa, FL 33614
813.933.5571	2006 – Present	Annual Financial Statement Audits of Multiple CDDs	Client service experience
Responsiveness to client needs
Long-term relationship
CDD management co.	
GMS, LLC
Dave DeNagy
14785 Old St. Augustine Road Suite 4
Jacksonville, FL 32258
904.288.9130	2006 – Present	Annual Financial Statement Audits of Multiple CDDs	Client service experience
Responsiveness to client needs
Long-term relationship
CDD management co.	
Wrathell, Hunt & Associates, LLC Jeffrey Pinder
2300 Glades Road Suite 410W
Boca Raton, FL 33431 561.571.0010	2006 – Present	Annual Financial Statement Audits of Multiple CDDs	Client service experience
Responsiveness to client needs
Long-term relationship
CDD management co.	
PFM Group Consulting, LLC Jennifer Glasgow
12051 Corporate Blvd.
Orlando, FL 32817
407.382.3256	2007 – Present	Annual Financial Statement Audits of Multiple CDDs	Client service experience
Responsiveness to client needs
Long-term relationship
CDD management co.	

K. Alan Jowers
Engagement Partner
AJowers@CRIcpa.com 850.337.3213 | Direct

Representative Clients
Santa Rosa County District School Board
Okaloosa Gas District
Santa Rosa Island Authority
Pasco County
Okaloosa County District School Board
Pinellas County School District
Celebration Community Development District
Hammock Bay Community Development District
Amelia National Community Development District

Experience
Alan has over 25 years of experience in public accounting primarily with financial statement assurance engagements. His practice includes local governmental entities, condominium and homeowner associations, non-profit organizations, and nonpublic companies. He currently has direct engagement responsibility for a significant number of audits throughout the state of Florida .

Alan is licensed to practice as a certified public accountant in Florida and Georgia. He is a member of the Board of Directors of the Florida Institute of Certified Public Accountants (FICPA), has been an active member of the FICPA's State and Local Governmental Committee, and is a past chair of its Common Interest Realty Association Committee. He is also active in the Panhandle Chapter of the Florida Governmental Finance Officers Association (FGFOA) and is a former member of the FGFOA's statewide Technical Resource Committee.

Education, Licenses & Certifications
Masters of Accountancy, University of Alabama
BS, Accounting, Florida State University
Certified Public Accountant

Professional Affiliations
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA) - member of the Board of Governors
Governmental Finance Officers Association (GFOA)
Florida Governmental Finance Officers Association (FGFOA)

Chad Branson
Consulting Partner
CBranson@CRIcpa.com 850.337.3226 | Direct

Representative Service Areas
Local Governments including Water and Sewer Organizations and Fire Districts
School Districts including Foundations
Nonprofit Organizations

Representative Clients (including previous clients)
School Districts - Pinellas County, Okaloosa County, Pasco County, Santa Rosa County
Florida Office of Early Learning Coalition
Florida Department of Elder Affairs
Fire Districts -Destin, Ocean City, North Bay
Utilities - Regional Utilities,Midway Water Systems, Inc.,Emerald Coast Utilities Authority
Escambia County

Experience
Chad Branson has over 20 years of experience in public accounting, with practice concentrations in auditing governmental, nonprofit, and for profit entities. Chad has accumulated experience throughout his career in Federal and Florida Single Audit Acts compliance monitoring and auditing. During his career he has supervised and managed audit engagements for a wide variety of governmental and nonprofit organization clients. In addition, he has performed internal audit work, information technology general controls testing, forensic investigations, and risk assessments for governmental entities.

Chad has been with Carr, Riggs and Ingram, LLC since 2005.

Education, Licenses & Certifications
Bachelor and Master of Accountancy – University of Mississippi, Oxford MS
Certified Public Accountant (CPA) – Licensed in Florida and Mississippi
Community Association Manager (CAM) – Florida
Certified Information Technology Professional – AICPA

Professional Affiliations
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA)
Emerald Coast Chapter (FICPA) Board
Florida Governmental Finance Officers Association (FGFOA)

Grace Hartness
Senior Manager
GHartness@CRIcpa.com 850.337.3243 | Direct

Representative Clients
Community Development Districts
Condominium and Homeowner Associations
Utility Services
School Districts
County and Local Governments
Non-Profit Organizations

Experience
Grace has over 15 years accounting and audit experience with CRI. She has worked on several major construction companies, government entities, community development districts, condominium and homeowner associations and non-profit organizations. In addition, she has been involved in special audit projects for the Miami-Dade Airport Authority. Grace is licensed to practice as a certified public accountant in Florida and exceeds all continuing professional education requirements related to Government Auditing Standards. In addition, Grace fluently speaks several languages including French and Arabic. Grace currently supervises engagements for many special districts in the State of Florida including community development districts and school districts. She is active in our firm’s condominium and homeowner association practice. Grace started with CRI in August 2006, upon completion of her master’s degree, and was promoted to manager in 2011.

Education, Licenses & Certifications
MAcc, Accounting, University of West Florida
Certified Public Accountant
Community Association Manager (CAM), Licensed in Florida

Professional Affiliations
American Institute of Certified Public Accountants (AICPA)
Florida Institute of Certified Public Accountants (FICPA)

AUDIT METHODOLOGY
Our audit, tax, consulting, and client accounting services documentation is maintained electronically. Compliance with our methodology is regularly reviewed and evaluated as part of our internal quality program, which is further discussed in this section under INTERNAL QUALITY CONTROL REVIEWS AND EXTERNAL REVIEWS. Comprehensive policies and procedures governing all of our practices and addressing professional and regulatory standards and implementation issues are constantly updated for new professional developments and emerging issues. See the table of contents to identify the relevant audit approach and methodology detailed description section.

ENGAGEMENT QUALITY REVIEW PARTNER (CONCURRING PARTNER)
Audit engagements are assigned engagement quality review (EQR) partner, as appropriate. This role is one of the most important elements of our quality assurance process, as it provides for a timely, independent review of key accounting and auditing issues. The EQR partner also reviews the financial statements and related supporting documentation—including the disclosures—to evaluate their fair presentation under accounting principles generally accepted in the United States of America (GAAP).

INTERNAL QUALITY CONTROL REVIEWS AND EXTERNAL REVIEWS
Experienced partners and professional staff of our firm conduct quality control reviews of our audits. Our partners’ work is reviewed annually, and the inspection process includes periodic testing of the effectiveness of our quality controls and a continuous improvement program. This risk-based annual inspection is intended to mimic the triennial peer review described in the following paragraph and are performed on completed engagements. In addition to this inspection, we perform in-process, “pre-issuance” reviews of partners’ work that are chosen for using a risk-based selection process; these reviews are performed by our corporate quality control team. The combination of the in-process and completed engagements is part of our continuous improvement processes.

Peer reviews are performed every three years by another independent public accounting firm. The most recent review of our firm was performed in 2022 by Brown Edwards, whose report was the most favorable possible “Pass.”

In addition, we are registered with the PCAOB and our 2021 PCAOB inspection report was also the most favorable possible— no audit deficiencies or quality control defects identified.

The 2021 PCAOB report can be viewed at https://pcaob-assets.azureedge.net/pcaob-dev/docs/default- source/inspections/reports/documents/104-2022-150-carr-riggs.pdf?sfvrsn=2a077f2f_2.

We are proud of our hands-on, service-centric, and results-oriented approach. Combining that approach with quality controls and superior talent allows us to help you achieve your goals and strengthen your management systems and processes. This approach is further emphasized through our three core values which guide our team’s behavior and function as the foundation for interactions with our clients and each other.

When choosing to change firms, the time involved in working with new accounting professionals is often a concern. CRI’s well- defined efficient, seamless transition process is designed to:

Provide you with value from the very first encounter,
Avoid interruption of service,
Minimize disruption and investment of management’s time,
Raise the standard of service, and
Establish ongoing channels of communication with Ranches at Lake McLeod Community Development District's management.

The transition plan is comprised of the following key activities and can occur within approximately two weeks, depending on the availability of the parties involved:

Many businesses are expanding and/or evaluating their global reach, and they require assistance in order to comprehensively consider the various financial implications of growing in international markets. In addition to CRI's internal resources, we deliver the expertise and support of some of the world's most highly regarded accounting firms through shared alliance as members of PrimeGlobal.

WHO IS PRIMEGLOBAL?

HOW OUR PRIMEGLOBAL MEMBERS CAN BENEFIT YOU
We supplement our in-depth, industry knowledge and specialized services through our collaborations with other PrimeGlobal firms to help you evaluate your options globally. CRI's goal is to provide you with the information you need to make well- informed, smart business decisions.

4 KEY BENEFITS TO CRI CLIENTS FROM OUR PRIMEGLOBAL MEMBERSHIP

JOIN OUR CONVERSATION

We know that some information that makes perfect sense to a CPA may not be as clear to our clients. Therefore, we produce original content in the form of articles, videos, white papers, webinars, and more to provide timely, down- to-earth translations of complex subjects. We publish this original content on CRIcpa.com and across all our many social channels.

CRI: FROM FOUNDATION TO FUTURE

Over a quarter-century, Carr, Riggs & Ingram has not just grown, but transformed. Now standing proudly among the top 25 firms in the U.S., our trajectory is steeped in innovation, shaping us into the firm of tomorrow—today. Our growth isn’t merely a timeline; it’s a testament to our entrepreneurial and pioneering spirit. As we harness cutting-edge technology and lead through industry evolution, our commitment to delivering actionable insights and solutions rooted in our founding principles of tailored Client service, Respect for all, and unyielding Integrity remains unwavering. As we look to the horizon, we at CRI are poised to redefine what’s possible, and we invite our clients, old and new, to join us in shaping the future.

Watch CRI: From Foundation to Future on youtube.com/CRIcpa.

IT FIGURES: THE CRI PODCAST

Created to provide insight into the latest developments and regulations in the accounting and finance space, It Figures is an accounting and advisory focused podcast for business and organization leaders, entrepreneurs, and anyone who is looking to go beyond the status quo.

Listen on Apple Podcasts, Spotify, iHeart Radio, and more.
itfigurespodcast.com

Our proposed services require a coordinated effort between us and Ranches at Lake McLeod Community Development District’s team. Planning and continual communication are essential to developing the appropriate procedures, working collaboratively to resolve any identified issues, and meeting your timelines.

CRI’s audit approach occurs within a framework of our client’s business and industry; therefore, we assess risk by:

Understanding management’s perspectives and goals, and
Considering business conditions and threats that could prevent management from achieving its business objectives.

We assess risks in the following areas:

Our ultimate intent is to drill down from these broad risks to specific financial reporting risks. We understand both these risks and management’s processes and procedures for mitigating them (i.e. internal controls) in order to develop our procedures to carry out our audit responsibilities.

Although our audits are conducted through a structured, risk-based model, we focus on understanding the client’s needs, requirements, and expectations. We work collaboratively with management and the Audit Committee (or similar function) to develop a communication and work plan to continuously improve client service, by doing so we help in moving your team from simple compliance to providing you with a competitive advantage.

In planning, we concentrate on “key risks,” (items with a greater risk of a material misstatement, a material weakness in internal controls, or other matters resulting in the issuance of an inappropriate audit report). We focus on “material” items (i.e. those items that would be important to the user of your financial statements). When evaluating materiality of identified misstatements, certain quantitative and qualitative factors must be considered—which may include:

Impact on operating trends (revenue/income, expenses, net income, etc).
Nature of the misstatement (i.e., did the misstatement result from an unlawful transaction?).
Impact on liquidity, capital/surplus, earnings capacity, etc.
Impact to loan covenants and contractual and regulatory requirements.

Consistent communication is a key to completion of the audit. By ensuring constant involvement, we are in a better position to respond to your issues timely and efficiently. Therefore, we plan to meet with your management to:

Set-up the audit by reviewing the mapping of Ranches at Lake McLeod Community Development District’s financial information (financial statements and notes) to significant processes and IT systems to ensure that all significant account balances, transactions, procedures, and systems are tested as deemed necessary.
Discuss ongoing changes—specifically new accounting pronouncements and key business transactions in their early stages, enabling us to agree on the resolution of various complex business issues on a timely basis.

Our audit approach is a four stage approach, as depicted in the summary below. Our client acceptance and risk assessment procedures occur during detailed conversations and observations with your team. The results of those procedures allow us to tailor an audit program to your specific risks and needs. We then execute the audit, report the results, and evaluate continuous improvement opportunities for ongoing service and benefit to you.

CRI AUDIT APPROACH	■■

Perform client acceptance procedures.
Collaborate with management to agree to expectations and scope.
Assign appropriate staff based on client needs and assessed risk.

Interview client personnel and others to understand client-specific objectives and risks.
Assess following aspects of the organization for their impact on the audit plan:
environmental and other external risks,
management's fraud and IT risk assessment models,
entity level controls including:
control environment
risk assessment,
information and communication,
and monitoring controls.
IT General Computer (ITGC) controls, such as
IT Environment
Developing and Delivering IT, and
Operating and Monitoring IT.
Determine materiality.
Develop and document our understanding of and/or reliance on:
linkage of financial statements to:
significant transactions,
processes,
IT systems, and
related controls,
existence of/reliance on SOC entities and their reports,
internal audit, and
specialists (e.g. valuation, pension costs, etc.).
If elected, test controls including ITGC, through a mix of:
inquiry,
observation
examination, and
re-performance.
Perform preliminary analytical procedures.
Finalize risk assessments and develop a final audit strategy.

Where possible to test as efficiently as possible:
develop detailed analytical procedures to use as substantive tests (benefit= reducing tests of details): Exampies include:
ratio analysis,
regression analysis,
trend analysis,
predictive tests, or
reasonableness test,
utilize Computer-Assisted Audit Techniques (CAATs) (benefit= automation of testing for more coverage and less disruption to the client), and
perform targeted testing (also known as "coverage" testing) to test large portions of account balances (benefit= more coverage with smaller selections).
Perform tests of details, including sampling.
Perform general audit procedures such as tests related to:
commitments and contingencies,
legal letters,
management representations,
reviews of Board minutes,
related party transactions,
debt covenants, and
going concern.

Continually monitor throughout the audit - providing feedback as agreed during scoping.
Conclude the audit (i.e. issue opinions and reports).
Develop and present:
reports,
required communications,
management letter comments, and
other audit-related deliverables.
Perform debriefings to identify opportunities for improvement with our:
engagement team, and/or
client's team.

Perform other tests for compliance such as Yellow Book or Single Audit tests.

RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS FOR ANNUAL AUDIT SERVICES

The Ranches at Lake McLeod Community Development District hereby requests proposals for annual financial auditing services. The proposal must provide for the auditing of the District's financial records for the fiscal year ending September 30, 2024, with an option for four (4) additional annual renewals. The District is a local unit of special-purpose government created under Chapter 190, Florida Statutes, for the purpose of financing, constructing, and maintaining public infrastructure. The District is located in the City of Eagle Lake, Polk County, Florida. The District currently has an operating budget of approximately $440,694. The final contract will require that, among other things, the audit for the fiscal year ending September 30, 2024, be completed no later than June 1, 2025.

Each auditing entity submitting a proposal must be authorized to do business in Florida; hold all applicable state and federal professional licenses in good standing, including but not limited to a license under Chapter 473, Florida Statutes, andbe qualified to conduct audits in accordance with "Government Auditing Standards", as adopted by the Florida Board of Accountancy. Audits shall be conducted in accordance with Florida law andparticularly section 218.39, Florida Statutes, and the rules of the Florida Auditor General.

Proposal packages, which include evaluation criteria and instructions to proposers, are available from the District Manager at the address and telephone number listed below.

Proposers must provide one (1) original hard copy and one (1) electronic copy of their proposal to Governmental Management Services - Central Florida, LLC Attn: Jill Bums/Samantha Ham, District Manager/Staff, 219 East Livingston Street, Orlando, Florida 32801, in an envelope marked on the outside "Auditing Services - Ranches at Lake McLeod Community Development District."

Proposals must be received by 5:00 PM on Monday, June 17, 2024, at the office address listed above. Proposals received after this time will not be eligible for consideration. Please direct all questions regarding this Notice to the District Manager who can be reached at (407) 841-5524.

Jill Bums, District Manager
Governmental Management Services - Central Florida, LLC

RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS

District Auditing Services for Fiscal Year 2024
Polk County, Florida

INSTRUCTIONS TO PROPOSERS

SECTION 1. DUE DATE. Sealed proposals must be received no later than Monday, June 17, 2024 at 5:00 p.m., at the offices of Governmental Management Services - Central Florida, LLC, Attn: Jill Bums/Samantha Ham, District Manager, 219 East Livingston Street, Orlando, Florida 32801. Proposals will be publicly opened at that time.
SECTION 2. FAMILIARITY WITH THE LAW. By submitting a proposal, the Proposer is assumed to be familiar with all federal, state, and local laws, ordinances, rules andregulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.

SECTION 3. QUALIF1CATIONS OF PROPOSER. The contract, if awarded, will only be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.

SECTION 4. SUBMISSION OF ONLY ONE PROPOSAL. Proposers shallbe disqualified, andtheir proposals rejected if the District has reason to believe that collusion may exist among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

SECTIONS. SUBMISSION OF PROPOSAL. Submit one (1) original hard copy and one (1) electronic copy of the Proposal Documents, and other requested attachments, at the time and place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title "Auditing Services - Ranches at Lake McLeod Community Development District" on the face of it.

SECTION 6. MODIF1CATION AND WITHDRAWAL. Proposals may be modified or withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at anytime prior to the time and date the proposals are due. No proposal may be withdrawn after opening for a period ofninety (90) days.

SECTION 7. PROPOSAL DOCUMENTS. The proposal documents shall consist of the notice announcing the request for proposals, these instructions, the Evaluation Criteria Sheet and a proposal with all required documentation pursuant to Section 12 of these instructions (the "Proposal Documents").

SECTION 8. PROPOSAL. In making its proposal, each Proposer represents that it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.

SECTION 9. BASIS OF AWARD/RIGHT TO REJECT. The District reserves the right to reject any and allproposals, make modifications to the work, and waive any informalities or irregularities in proposals as it is deemed in the best interests of the District.

SECTION 10. CONTRACT AWARD. Within fourteen (14) days of receipt of the Notice of Award from the District, the Proposer shall enter into and execute a Contract (engagement letter) with the District.

SECTION 11. LIMITATION OF LIABILITY. Nothingherein shall be construed as or constitute a waiver of District's limited waiver of liability contained in Section 768.28, Florida Statutes, or any other statute or law.

SECTION 12. MISCELLANEOUS. All proposals shall include the following information in addition to any other requirements of the proposal documents.

	List position or title of all personnel to perform work on the District audit. Include resumes for each person listed; list years of experience inpresent position for each party listed and years of related experience.

Describe	proposed	staffing applicable certifications.

levels, including	resumes	with

	Three references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person.

	The cost of the provision of the services under the proposal for Fiscal Year 2024, plus the cost of four (4) annual renewals.
Provide a proposed schedule for performance of the audit.

SECTION 13. PROTESTS. In accordance with the District's Rules of Procedure, any protest regarding the Proposal Documents, must be filed in writing, at the offices of the District Manager, within seventy-two (72) calendar hours (excluding Saturday, Sunday, and state holidays) afterthe receipt of the Proposal Documents. The formal protest setting forth withparticularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days (including Saturday, Sunday, and state holidays) after the initial notice ofprotest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to the aforesaid Proposal Documents.

SECTION 14. EVALUATION OF PROPOSALS. The criteria to be used in the evaluation of proposals are presented inthe Evaluation Criteria Sheet, contained within the Proposal Documents.

RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT AUDITOR SELECTION EVALUATION CRITERIA

Ability of Personnel	(20 Points)

(E.g., geographic location of the firm's headquarters or permanent office inrelation to the project; capabilities and experience of key personnel; present ability to manage this project; evaluation of existing workload; proposed staffing levels, etc.)

Proposer's Experience.	(20 Points)

(E.g. past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other community development districts in other contracts; character, integrity, reputation of Proposer, etc.)

Understanding of Scope of Work.	(20 Points)

Extent to which the proposal demonstrates anunderstanding of the District's needs for the services requested.

Ability to Furnish the Required Services.	(20 Points)

Extent to which the proposal demonstrates the adequacy of Proposer's financial resources and stability as a business entity necessary to complete the services required.

Price.	(20 Points)

Points will be awarded based upon the lowest total proposal for rendering the services and the reasonableness of the proposal.

TOTAL	(100 Points)

Section B

Ranches at Lake McLeodCommunity Development District

Proposer

DiBartolomeo, McBee, Hartley & Barnes, P.A. Certified Public Accountants
2222 Colonial Road, Suite 200 Fort Pierce, Florida 34950 (772) 461-8833
591 SE Port St. Lucie Boulevard Port Saint Lucie, Florida 34984 (772) 878-1952

Contact:
Jim Hartley, CPA Principal

TABLE OF CONTENTS

Letter of Transmittal Professional Qualifications
Professional Staff Resources	1-2
Current and Near Future Workload	2
Identification of Audit Team	2
Resumes	3-6
Governmental Audit Experience	7
Additional Data
Procedures for Ensuring Quality Control & Confidentiality	8
Independence	8-9
Computer Auditing Capabilities	10
Contracts of Similar Nature	11
Technical Approach
Agreement to Meet or Exceed the Performance Specifications	12
Tentative Audit Schedule	13
Description of Audit Approach	14-16
Proposed Audit Fee	17

DMHB	DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS	

Ranches at Lake Mcleod Community Development District Audit Selection Committee

Dear Committee Members:

We are pleased to have this opportunity to present the qualifications of DiBartolomeo, McBee, Hartley & Barnes, P.A. (DMHB) to serve as Ranches at Lake Mcleod Community Development District’s independent auditors. The audit is a significant engagement demanding various professional resources, governmental knowledge and expertise, and, most importantly, experience serving Florida local governments. DMHB understands the services required and is committed to performing these services within the required time frame. We have the staff available to complete this engagement in a timely fashion. We audit several entities across the State making it feasible to schedule and provide services at the required locations.
Proven Track Record— Our clients know our people and the quality of our work. We have always been responsive, met deadlines, and been willing to go the extra mile with the objective of providing significant value to mitigate the cost of the audit. This proven track record of successfully working together to serve governmental clients will enhance the quality of services we provide.
Experience—DMHB has a history of providing quality professional services to an impressive list of public sector clients in Florida. We currently serve a large number of public sector entities in Florida, including cities, villages, special districts, as well as a large number of community development districts. Our firm has performed in excess of 100 community development district audits. In addition, our senior management team members have between 25 and 35 years experience in serving Florida governments. DMHB is a recognized leader in providing services to governmental and non-profit agencies within the State of Florida. Through our experience in performing audits, we have been able to increase our audit efficiency and therefore reduce cost. We have continually passed this cost saving on to our clients and will continue to do so in the future. As a result of our experience and expertise, we have developed an effective and efficient audit approach designed to meet or exceed the performance specifications in accordance with audit standards generally accepted in the United States of America, the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States with minimal disruption to your operations. Our firm has frequent technical updates to keep our personnel informed and up to date on all changes that are occurring within the industry.

2222 Colonial Road, Suite 200• Fort Pierce, Florida 34950•772-461-8833 • Fax: 772-461-8872 591 S.E. Port St. Lucie Blvd., •Port St. Lucie, Florida 34984•772-878-1952•Fax: 772-878-1709
Member AICPA	Member AICPA Division for CPA Firms	Member AICPA Private Company Practice Section
WWW.DMHBCPA.NET

Timeliness – In order to meet the Districts needs, we will perform interim internal control testing by January 31st from unaudited preliminary general ledgers provided. The remaining testing will be completed no later than May 1st. We will also review all minutes and subsequent needs related to the review of the minutes by January 31st. Follow up review will be completed as necessary.

Communication and Knowledge Sharing— Another driving force behind our service approach is frequent, candid and open communication with management with no surprises. During the course of the audit, we will communicate with management on a regular basis to provide you with a status report on the audit and to discuss any issues that arise, potential management letter comments, or potential audit differences.
In the accompanying proposal, you will find additional information upon which you can evaluate DMHB’s qualifications. Our full team is in place and waiting to serve you. Please contact us at 2222 Colonial Road, Suite 200 Fort Pierce, FL 34950. Our phone number is (772) 461-8833. We look forward to further discussion on how our team can work together with you.

Very truly yours,

DiBartolomeo, McBee, Hartley & Barnes, P.A.

DiBartolomeo, McBee, Hartley & Barnes, P.A. is a local public accounting firm with offices in the cities of Fort Pierce and Port St. Lucie. The firm was formed in 1982.

Professional Staff Resources
Our services will be delivered through personnel in both our Port St. Lucie and Ft. Pierce offices, located at 591 S.E. Port St. Lucie Blvd., Port St. Lucie, FL 34984 and 2222 Colonial Road, Suite 200, Fort Pierce, Florida 34950, respectively. DMHB has a total of 19 professional staff including 9 with extensive experience serving governmental entities.

Professional Staff	Number of	
Classification	Professionals	
Partner	4	
Managers	2	
Senior	2	
Staff	11	
	19	

DiBartolomeo, McBee, Hartley & Barnes provides a variety of accounting, auditing, tax litigation support, estate planning, and consulting services. Some of the governmental, non-profit accounting, auditing and advisory services currently provided to clients include:

Annual financial and compliance audits including Single Audits of State and Federal financial assistance programs under the OMB A-133 audit criteria

Issuance of Comfort Letters, consent letters, and parity certificates in conjunction with the issuance of tax-exempt debt obligations, including compiling financial data and interim period financial statement reviews

Assisting in compiling historical financial data for first-time and subsequent submissions for the GFOA Certificate of Achievement for Excellence in Financial Reporting

1

Professional Staff Resources (Continued)

Audits of franchise fees received from outside franchisees

Preparation of annual reports to the State Department of Banking and Finance

Audits of Internal Controls – Governmental Special Project

Assistance with Implementation of current GASB pronouncements

Current and Near Future Workload
In order to better serve and provide timely and informative financial data, we have comprised an experienced audit team. Our present and future workloads will permit the proposed audit team to perform these audits within the time schedule required and meet all deadlines.

Identification of Audit Team

The team is composed of people who are experienced, professional, and creative. They fully understand your business and will provide you with reliable opinions. In addition, they will make a point to maintain ongoing dialogue with each other and management about the status of our services.
The auditing firm you select is only as good as the people who serve you. We are extremely proud of the outstanding team we have assembled for your engagement. Our team brings many years of relevant experience coupled with the technical skill, knowledge, authority, dedication, and most of all, the commitment you need to meet your government reporting obligations and the challenges that will result from the changing accounting standards.

A flow chart of the audit team and brief resumes detailing individual team members’ experience in each of the relevant areas follow.
Jim Hartley, CPA – Engagement Partner (resume attached) Will assist in the field as main contact
Jay McBee, CPA – Technical Reviewer (resume attached) Theresa Goldstein - Senior (resume attached)
Christine Kenny, CPA – Senior (resume attached)

2

Experience and Training

Jim has over 35 years of public accounting experience and would serve as the engagement partner. His experience and training include:
35 years of non-profit and governmental experience.
Specializing in serving entities ranging from Government to Associations and Special District audits.
Has performed audits and advisory services for a variety of public sector entities.
Has extensive experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines.
Experienced in maintaining the GFOA Certificate of Achievement.
120 hours of CPE credits over the past 3 years.
Recent Engagements

Has provided audit services on governmental entities including towns, villages, cities, counties, special districts and community development districts. Jim has assisted with financial statement preparation, system implementation, and a variety of services to a wide range of non-profit and governmental entities. Jim currently provides internal audit and consulting services to governmental entities and non-profit agencies to assist in implementing and maintaining “best practice” accounting policies and procedures. Jim provides auditing services to the Fort Pierce Utilities Authority, St. Lucie County Fire District, City of Port St. Lucie, Tradition CDD #1 – 10, Southern Groves CDD #1-6, Multiple CDD audits, Town of St. Lucie Village, Town of Sewall’s Point, Town of Jupiter Island along with several other entities, including Condo and Homeowner Associations.
Education and Registrations
Bachelor of Science in Accounting – Sterling College.
Certified Public Accountant
Professional Affiliations
Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association
Volunteer Service
Treasurer & Executive Board - St. Lucie County Chamber of Commerce
Budget Advisory Board - St. Lucie County School District
Past Treasurer - Exchange Club for Prevention of Child Abuse & Exchange Foundation Board
Board of Directors – State Division of Juvenile Justice

Experience and Training

Jay has over 45 years of public accounting experience and would serve as the technical reviewer on the audit. His experience and training include:
45 years of government experience.
Specializing in serving local government entities.
Has performed audits and advisory services for a variety of public sector entities including counties, cities, special districts, and school districts.
Has experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines, including Circular A-133 and the Rules of the Auditor General.
Has extensive experience in performing pension audits.
Experienced in developing and maintaining the GFOA Certificate of Achievement.
120 Hours of relevant government CPE credits over the past 3 years.
Experience in municipal bond and other governmental-financing options and offerings.
Recent Engagements
Has provided auditing services on local governmental entities including towns, villages, cities, counties, special district and community development districts. Jay has assisted with financial preparation, system implementation, and a variety of government services to a wide range of governmental entities. Jay currently provides auditing services to the City of Port St. Lucie, City of Okeechobee Pension Trust Funds, St. Lucie County Fire District Pension funds, along with several other non-profit and governmental entities.

Education and Registrations
Bachelor of Science in Accounting and Quantitative Business Management – West Virginia University.
Certified Public Accountant
Professional Affiliations
Member of the American Institute of Certified Public Accountants
Member of the Florida Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association
Volunteer Service
Member of the St. Lucie County Citizens Budget Committee
Finance committee for the First United Methodist Church
Treasurer of Boys & Girls Club of St. Lucie County

Supervisor – DiBartolomeo, McBee, Hartley & Barnes
Experience and training
Theresa has over 25 years of public accounting experience and would serve as the supervisor for the Constitutional Officers. Her experience and training include:
25 years of government experience.
Specializing in serving local government entities.
Has performed audits and advisory services for a variety of public sector entities including counties, cities, towns and special districts.
Has extensive experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines, including Circular A-133 and the Rules of the Auditor General.
Experienced in maintaining the GFOA Certificate of Achievement.
100 hours of relevant government CPE credits over the past 3 years.
Recent Engagements
Has provided audit services on governmental entities including towns, villages, cities, counties, special districts and community development districts. Theresa has assisted with financial statement preparation, system implementation, and a variety of services to a wide range of non-profit and governmental entities. Theresa currently provides internal audit and consulting services to multiple agencies to assist in implementing and maintaining “best practice” accounting policies and procedures. Engagements include City of Port St. Lucie, St. Lucie County Fire District, Town of Sewall’s Point, Town of Jupiter Island, Multiple CDD audits, Tradition CDD #1-10, Southern Groves CDD #1-6 and Town of St. Lucie Village.

Education and Registrations
Bachelor of Science in Finance – University of Central Florida
Masters of Business Administration with concentration in Accounting – Bryant College
Professional Affiliations
Associate Member of the Florida Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association

Christine M. Kenny, CPA
Senior Staff – DiBartolomeo, McBee, Hartley & Barnes
Experience and training
Christine has over 18 years of public accounting experience and would serve as a senior staff for the Constitutional Officers. Her experience and training include:

18 years of manager and audit experience.
Has performed audits and advisory services for a variety of public sector entities including counties, cities, towns and special districts.
Has experience performing audits of federal grant recipients in accordance with the Single Audit Act and the related Office of Management and Budget (OMB) guidelines, including
Circular A-133 and the Rules of the Auditor General.
100 hours of relevant government CPE credits over the past 3 years.

Recent Engagements

Has provided audit services on governmental entities including towns, villages, cities and special districts. Christine has assisted with financial statement preparation, system implementation, and a variety of services to a wide range of non-profit and governmental entities. Christine currently provides services to multiple agencies to assist in implementing and maintaining “best practice” accounting policies and procedures.
Engagements include St. Lucie County Fire District, City of Fort Pierce, Town of Sewall’s Point, and Town of St. Lucie Village.

Education and Registrations

Bachelor of Science in Accounting – Florida State University
Professional Affiliations
Active Member of the Florida Institute of Certified Public Accountants
Active Member of the American Institute of Certified Public Accountants
Member of the Florida Government Finance Officers Association

PROFESSIONAL QUALIFICATIONS (CONTINUED)

Governmental Audit Experience
DiBartolomeo, McBee, Hartley & Barnes, P.A., through its principals and members, has provided continuous in-depth professional accounting, auditing, and consulting services to local government units, nonprofit organizations, and commercial clients. Our professionals have developed considerable expertise in performing governmental audits and single audits and in preparing governmental financial statements in conformance with continually evolving GASB pronouncements, statements, and interpretations. All of the public sector entities we serve annually are required to be in accordance with GASB pronouncements and government auditing standards. We currently perform several Federal and State single audits in compliance with OMB Circular A- 133 and under the Florida Single Audit Act. Our professionals are also experienced in assisting their clients with preparing Comprehensive Annual Financial Reports (GFOA).
All work performed by our firm is closely supervised by experienced certified public accountants. Only our most seasoned CPA’s perform consulting services. Some of the professional accounting, auditing, and management consulting services currently provided to our local governmental clients include:

Annual financial and compliance audits including Single Audits of State and Federal financial assistance programs under OMB A-133 audit criteria and the Florida Single Audit Act
Assisting in compiling historical financial data for first-time and supplemental submissions for GFOA Certificate of Achievement of Excellence in Financial Reporting
Audits of franchise fees received from outside franchisees
Assistance with Implementation of GASB-34
Internal audit functions
Fixed assets review and updating cost/depreciation allocations and methods

Procedures for Ensuring Quality Control & Confidentiality

Quality control in any CPA firm can never be taken for granted. It requires a continuing commitment to professional excellence. DiBartolomeo, McBee, Hartley & Barnes is formally dedicated to that commitment.

In an effort to continue to maintain the standards of working excellence required by our firm, DiBartolomeo, McBee, Hartley & Barnes, P.A. joined the Quality Review Program of the American Institute of Certified Public Accountants. To be a participating member firm, a firm must obtain an independent compliance review of its quality control policies and procedures to ascertain the firm’s compliance with existing auditing standards on the applicable engagements. The scope of peer review is comprehensive in that it specifically reviews the following quality control policies and procedures of the participating firm:

Professional, economic, and administrative independence
Assignment of professional personnel to engagements
Consultation on technical matters
Supervision of engagement personnel
Hiring and employment of personnel
Professional development
Advancement
Acceptance and continuance of clients
Inspection and review system

Independence

Independence is a hallmark of our profession. We encourage our staff to use professional judgment in situations where our independence could be impaired or the perception of a conflict of interest might exist. In the governmental sector, public perception is as important as professional standards. Therefore, independent auditors must exercise utmost care in the performance of their duties.

Our firm has provided continuous certified public accounting services in the government sector for 31 years, and we are independent of the Community Development Districts as defined by the following rules, regulations, and standards:

Independence (Continued)

Au Section 220 – Statements on Auditing Standards issued by the American Institute of Certified Public Accountants
ET Sections 101 and 102 – Code of Professional Conduct of the American Institute of Certified Public Accountants
Chapter 21A-21, Florida Administrative Code
Section 473.315, Florida Statutes
Government Auditing Standards, issued by the Comptroller General of the United States

Computer Auditing Capabilities

DiBartolomeo, McBee, Hartley & Barnes’ strong computer capabilities as demonstrated by our progressive approach to computer auditing and extensive use of microcomputers. Jay McBee is the MIS partner for DMHB. Jay has extensive experience in auditing and evaluating various computer systems and would provide these services in this engagement.

We view the computer operation as an integral part of its accounting systems. We would evaluate the computer control environment to:

Understand the computer control environment’s effect on internal controls
Conclude on whether aspects of the environment require special audit attention
Make preliminary determination of comments for inclusion in our management letter

This evaluation includes:

System hardware and software
Organization and administration
Access

Contracts of Similar Nature within References

Client	
Years	Annual Audit In Accordance With GAAS	
Engagement Partner	Incl. Utility Audit/ Consulting	
GFOA
Cert.	GASB 34
Implementation & Assistance	
Total Hours	
St. Lucie County Fire District Karen Russell, Clerk-Treasurer (772)462-2300	1984 -
Current	√	
Jim Hartley			√	
250-300	
City of Fort Pierce
Johnna Morris, Finance Director (772)-460-2200	2005-
current	√	
Mark Barnes		√	√	
800	
Fort Pierce Utilities Authority Nina Hurtubise, Finance Director (772)-466-1600	2005-
current	
√	
Jim Hartley	
√	
√	
√	
600	
Town of St. Lucie Village
Diane Robertson, Town Clerk (772) 595-0663	
1999 –
current	√	
Jim Hartley			√	
100	
City of Okeechobee Pension Trust Funds
Marita Rice, Supervisor of Finance (863)763-9460	
1998 –
current	
√	
Jay McBee				
60	
St. Lucie County Fire District 175 Pension Trust Fund
Chris Bushman , Captain (772) 462-2300	1990 –
current	
√	
Jay McBee				
60	
Tradition Community Development District 1-10
Alan Mishlove,District Finance Manager
(407)382-3256	
2002 -
current	

√	

Jim Hartley			

√	

350	
Legends Bay Community Development District Patricia Comings-Thibault
(321)263-0132	2013-
current	
√	
Jim Hartley				
50	
Union Park Community Development District Patricia Comings-Thibault
(321)263-0132	2013-
current	
√	
Jim Hartley				50	
Deer Island Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	
√	
Jim Hartley				
50	
Park Creek Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	
√	

Jim Hartley				

50	
Waterleaf Community Development District Patricia Comings-Thibault (321)263-0132	2013-
current	
√	
Jim Hartley				
50	

TECHNICAL APPROACH
An Express Agreement to Meet or Exceed the Performance Specifications.
The audit will be conducted in compliance with the following requirements:

Rules of the Auditor General for form and content of governmental audits
Regulations of the State Department of Banking and Finance
Audits of State and Local Governmental Units-American Institute of Certified Public Accountants.
The audit report shall contain the opinion of the auditor in reference to all financial statements, and an opinion reflecting compliance with applicable legal provisions.
We will also provide the required copies of the audit report, the management letter, any related reports on internal control weaknesses and one copy of the adjusting journal entries and financial work papers.
The auditor shall, at no additional charge, make all related work papers available to any Federal or State agency upon request in accordance with Federal and State Laws and Regulations.
We will work in cooperation with the District, its underwriters and bond council in regard to any bond issues that may occur during the term of the contract.
The financial statements shall be prepared in conformity with Governmental Accounting Standards Board Statement Number 34, 63 and 65.

We will commit to issuing the audit for each Fiscal year by June 1st of the following year. In order to ensure this we will perform interim internal control testing as required by January 31st from unaudited preliminary general ledgers provided. The remaining testing will be completed no later than May 1st. We will also review all minutes and subsequent needs related to the review of the minutes by January 30th. Follow up review will be completed as necessary.

b. A Tentative Schedule for Performing the Key phases of the Audit

Audit Phase and Tasks
Planning Phase:
Meetings and discussions with Ranches at Lake Mcleod Community Development District personnel regarding operating, accounting and reporting matters
Discuss management expectations, strategies and objectives
Review operations Develop engagement plan
Study and evaluate internal controls Conduct preliminary analytical review
Detailed Audit Phase:
Conduct final risk assessment Finalize audit approach plan
Perform	substantive	tests	of	account
balances
Perform	single	audit	procedures	(if applicable)
Perform statutory compliance testing
Closing Phase:
Review subsequent events, contingencies and commitments
Complete	audit	work	and	obtain management representations
Review proposed audit adjustments with client
Reporting Phase:
Review or assist in preparation of financial statement for Ranches at Lake Mcleod Community Development District Prepare management letter and other special reports
Exit conference with Ranches at Lake Mcleod Community Development District officials and management
Delivery of final reports

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

SPECIFIC AUDIT APPROACH
Our partners are not strangers who show up for an entrance conference and an exit conference. We have developed an audit plan that allows the partners to directly supervise our staff in the field. By assigning two partners to the audit, we will have a partner on-site for a significant portion of the fieldwork. This also gives the District an additional contact individual for questions or problems that may arise during the audit.

The scope of our services will include a financial, as well as, a compliance audit of the District’s financial statements. Our audit will be conducted in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Additionally, our audit will be conducted in accordance with the provisions of Chapter 10.550, Rules of the Auditor General, which govern the conduct of local government entity audits performed in the State of Florida.

Our audit approach places emphasis on the accounting information system and how the data is recorded, rather than solely on the verification of numbers on a financial statement. This approach enables us to:

Maximize our understanding of the District’s operating environment
Minimize time required conducting the audit since we start with broad considerations and narrow to specific audit objectives in critical areas
Our audit approach consists of four phases encompassing our audit process:

Planning Phase
Detailed Audit Phase
Closing Phase
Reporting

Planning Phase
Meetings and Expectations:
Our first step in this phase will be to set up a planning meeting with the financial and operating management of Ranches at Lake Mcleod Community Development District. Our goal here is to eliminate “surprises.” By meeting with responsible officials early on we can discuss significant accounting policies, closing procedures and timetables, planned timing of our audit procedures and expectations of our work. This will also be the starting point for our discussions with management related to SAS No. 99-Consideration of Fraud in a Financial Statement Audit. Inquiries will be made regarding managements knowledge of fraud and on management’s views regarding the risk of fraud.

Review Operations and Develop Engagement Plan
It is critical that we understand the District’s operating environment. To do this we will obtain and review such items as, organizational charts, recent financial statements, budget information, major contracts and lease agreements. We will also gather other information necessary to increase our understanding of the District’s operations, organization, and internal control.

Study and Evaluate Internal Control
As part of general planning, we will obtain an understanding and assessment of the District’s control environment. This assessment involves a review of management’s operating style, written internal control procedures, and the District’s accounting system. The assessment is necessary to determine if we can rely on control procedures and thus reduce the extent of substantive testing.

We then test compliance with established control procedures by ascertaining that the significant strengths within the system are functioning as described to us. Generally, transactions are selected and reviewed in sufficient detail to permit us to formulate conclusions regarding compliance with control procedures and the extent of operation compliance with pertinent laws and regulations. This involves gaining an understanding of the District’s procedures, laws and regulations, and testing systems for compliance by examining contracts, invoices, bid procedures, and other documents. After testing controls, we then evaluate the results of those tests and decide whether we can rely on controls and thus reduce other audit procedures.

Conduct Preliminary Analytical Review
Also during the planning stage, we undertake analytical procedures that aid us in focusing our energies in the right direction. We call these analytical reviews.
A properly designed analytical review can be a very effective audit procedure in audits of governmental units. Analytical reviews consist of more than just a comparison of current-year actual results to prior-year actual results. Very effective analytical review techniques include trend analysis covering a number of years and comparisons of information not maintained totally within the financial accounting system, such as per capita information, prevailing market interest rates, housing statistics, etc.

Some examples of effective analytical reviews performed together and/or individually include:

Comparison of current-year actual results with current-year budget for the current and past years with investigation of significant differences and/or trends
Trend analysis of the percentage of current-year revenues to current-year rates for the current and previous years with investigation of significant changes in the collection percentage
Trend analysis of the percentage of expenditures by function for the current and previous years with investigation of significant changes in percentages by department
Monthly analysis of receipts compared to prior years to detect trends that may have audit implications
Conclusions reached enable us to determine the nature, timing and extent of other substantive procedures.

Detailed Audit Phase

Conduct Final Risk Assessment and Prepare Audit Programs
Risk assessment requires evaluating the likelihood of errors occurring that could have a material affect on the financial statements being audited. The conclusions we reach are based on many evaluations of internal control, systems, accounts, and transactions that occur throughout the audit. After evaluating the results of our tests of control and our final risk assessment we can develop detailed audit programs.
Perform Substantive Tests of Account Balances
These tests are designed to provide reasonable assurance as to the validity of the information produced by the accounting system. Substantive tests involve such things as examining invoices supporting payments, confirmation of balances with independent parties, analytical review procedures, and physical inspection of assets. All significant accounts will be subjected to substantive procedures. Substantive tests provide direct evidence of the completeness, accuracy, and validity of data.

Perform Single Audit Procedures (if applicable)
During the planning phase of the audit we will request and review schedules of expenditures of federal awards and state financial assistance. These schedules will be the basis for our determination of the specific programs we will test.
In documenting our understanding of the internal control system for the financial statement audit, we will identify control activities that impact major federal and state programs as well. This will allow us to test certain controls for the financial audit and the single audit concurrently. We will then perform additional tests of controls for each federal and state program selected for testing. We will then evaluate the results of the test of controls to determine the nature, timing and extent of substantive testing necessary to determine compliance with major program requirements.

Perform Statutory Compliance Testing
We have developed audit programs for Ranches at Lake Mcleod Community Development District designed to test Florida Statutes as required by the Auditor General. These programs include test procedures such as general inquiries, confirmation from third parties, and examination of specific documents.

Closing Phase

During the closing phase we perform detail work paper reviews, request legal letters, review subsequent events and proposed audit adjustments. Communication with the client is critical in this phase to ensure that the information necessary to prepare financial statements in conformity with accounting principles generally accepted in the United States has been obtained.

Reporting Phase
Financial Statement Preparation
As a local firm, we spend a considerable amount of time on financial statement preparation and support. With this in mind, we can assist in certain portions of the preparation of financial statements or simply review a draft of financials prepared by your staff. We let you determine our level of involvement.

Management Letters
We want to help you solve problems before they become major.
Our management letters go beyond citing possible deficiencies in the District’s internal control structures. They identify opportunities for increasing revenues, decreasing costs, improving management information, protecting assets and improving operational efficiency.
The diversity of experience of our personnel and their independent and objective viewpoints make the comments, observations, and conclusions presented in our management letters a valuable source of information. We have provided positive solution-oriented objective recommendations to our governmental clients regarding investments, accounting accuracy, data processing, revenue bonds, payroll, utility billing, purchasing, budgeting, risk management, and internal auditing.
This review ensures the integrity of the factual data in the management letter but does not influence or impair our independence.

Exit Conferences and Delivery of Reports
We anticipate meeting with appropriate District personnel in February and issuing the final required reports by the May meeting of each year.

PROPOSED AUDIT FEE FOR EACH YEAR OF THE FIVE YEARS

DiBartolomeo, McBee, Hartley & Barnes P.A. will perform the annual audit of Ranches at Lake Mcleod Community Development District for the five years as follows:

September 30, 2024	$3,950	
September 30, 2025	$4,200	
September 30, 2026	$ 4,350	
September 30, 2027	$ 4,500	
September 30, 2028	$ 4,650	

In years of new debt issuance fees may be adjusted based on review with management.

Section C

Proposal to Provide Financial Auditing Services:
RANCHES AT LAKE MCLEOD
COMMUNITY DEVELOPMENT DISTRICT

Proposal Due: June 17, 2024 5:00PM

Submitted to:
Ranches at Lake McLeod Community Development District c/o District Manager
219 East Livingston Street Orlando, Florida 32801

Submitted by:
Antonio J. Grau, Partner Grau & Associates
951 Yamato Road, Suite 280 Boca Raton, Florida 33431 Tel	(561) 994-9299
(800) 229-4728
Fax	(561) 994-5823
tgrau@graucpa.com www.graucpa.com

Table of Contents	Page
EXECUTIVE SUMMARY / TRANSMITTAL LETTER	1
FIRM QUALIFICATIONS	3
FIRM & STAFF EXPERIENCE	6
REFERENCES	11
SPECIFIC AUDIT APPROACH	13
COST OF SERVICES	17
SUPPLEMENTAL INFORMATION	19

June 17, 2024

Ranches at Lake McLeod Community Development District c/o District Manager
219 East Livingston Street Orlando, Florida 32801

Re:	Request for Proposal for Professional Auditing Services for the fiscal year ended September 30, 2024, with an option for four (4) additional annual renewals.

Grau & Associates (Grau) welcomes the opportunity to respond to the Ranches at Lake McLeod Community Development District’s (the “District”) Request for Proposal (RFP), and we look forward to working with you on your audit. We are an energetic and robust team of knowledgeable professionals and are a recognized leader of providing services to Community Development Districts. As one of Florida’s few firms to primarily focus on government, we are especially equipped to provide you an effective and efficient audit.

Special district audits are at the core of our practice: we have a total of 360 clients, 329 or 91% of which are special districts. We know the specifics of the professional services and work products needed to meet your RFP requirements like no other firm. With this level of experience, we are able to increase efficiency, to provide immediate and continued savings, and to minimize disturbances to client operations.

Why Grau & Associates:

Knowledgeable Audit Team
Grau is proud that the personnel we assign to your audit are some of the most seasoned auditors in the field. Our staff performs governmental engagements year round. When not working on your audit, your team is refining their audit approach for next year’s audit. Our engagement partners have decades of experience and take a hands-on approach to our assignments, which all ensures a smoother process for you.

Servicing your Individual Needs
Our clients enjoy personalized service designed to satisfy their unique needs and requirements. Throughout the process of our audit, you will find that we welcome working with you to resolve any issues as swiftly and easily as possible. In addition, due to Grau’s very low turnover rate for our industry, you also won’t have to worry about retraining your auditors from year to year.

Developing Relationships
We strive to foster mutually beneficial relationships with our clients. We stay in touch year round, updating, collaborating and assisting you in implementing new legislation, rules and standards that affect your organization. We are also available as a sounding board and assist with technical questions.

Maintaining an Impeccable Reputation
We have never been involved in any litigation, proceeding or received any disciplinary action. Additionally, we have never been charged with, or convicted of, a public entity crime of any sort. We are financially stable and have never been involved in any bankruptcy proceedings.

Complying With Standards
Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida, and any other applicable federal, state and local regulations. We will deliver our reports in accordance with your requirements.

This proposal is a firm and irrevocable offer for 90 days. We certify this proposal is made without previous understanding, agreement or connection either with any previous firms or corporations offering a proposal for the same items. We also certify our proposal is in all respects fair, without outside control, collusion, fraud, or otherwise illegal action, and was prepared in good faith. Only the person(s), company or parties interested in the project as principals are named in the proposal. Grau has no existing or potential conflicts and anticipates no conflicts during the engagement. Our Federal I.D. number is 20-2067322.

We would be happy to answer any questions or to provide any additional information. We are genuinely excited about the prospect of serving you and establishing a long-term relationship. Please do not hesitate to call or email either of our Partners, Antonio J. Grau, CPA (tgrau@graucpa.com) or David Caplivski, CPA (dcaplivski@graucpa.com) at 561.994.9299. We thank you for considering our firm’s qualifications and experience.

Very truly yours, Grau & Associates
Antonio J. Grau

Firm Qualifications

Grau’s Focus and Experience

Our Team

3
Partners

11
Professional Staff

2
Administrative Professionals

9/14
Employees are CPAS

Year founded

Services Provided

297

Community Development Districts Served

Properly registered and
licensed professional corporation by the state of FLORIDA

9
Professional Groups

We are proud Members of the American Institute of Certified Public Accountants
&
the Florida Institute of Certified Public Accountants

See next page for report and certificate

⇒ External quality review program: consistently
receives a pass
⇒ Internal: ongoing monitoring to maintain
quality

AICPA | FICPA | GFOA | FASD | FGFOA

Firm & Staff Experience

GRAU AND ASSOCIATES COMMUNITY
DEVELOPMENT DISTRICT EXPERIENCE BY MANAGEMENT COMPANY

OTHER
19

PFM
12

WRATHELL
30

GMS
78

INFRAMARK
38

SDS
60

RIZZETTA
47

MERITUS
23

Profile Briefs:
Antonio J GRAU, CPA (Partner)
Years Performing Audits: 35+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 56 hours
Professional Memberships: AICPA, FICPA, FGFOA, GFOA

David Caplivski, CPA (Partner)
Years Performing Audits: 13+
CPE (last 2 years): Government Accounting, Auditing: 24 hours; Accounting, Auditing and Other: 64 hours
Professional Memberships: AICPA, FICPA, FGFOA, FASD

“Here at Grau & Associates, staying up to date with the current technological landscape is one of our top priorities. Not only does it provide a more positive experience for our clients, but it also allows us to perform a more effective and efficient audit. With the every changing technology available and utilized by our clients, we are constantly innovating our audit process.”
-	Tony Grau
“Quality audits and exceptional client service are at the heart of every decision we make. Our clients trust us to deliver a quality audit, adhering to high standards and assisting them with improvements for their organization.”
- David Caplivski

YOUR ENGAGEMENT TEAM

Grau’s client-specific engagement team is meticulously organized in order to meet the unique needs of each client. Constant communication within our solution team allows for continuity of staff and audit team.

The Certified Information Technology Professional (CITP) Partner will bring a unique blend of IT expertise and understanding of accounting principles to the financial statement audit of the District.

Advisory Consultant

An advisory consultant will be available as a sounding board to advise in those areas where problems are encountered.

CITP Partner

Your Successful Audit

Engagement Partner

Audit Senior

Audit Manager

The assigned personnel will work closely with the partner and the District to ensure that the financial statements and all other reports are prepared in accordance with professional standards and firm policy.
Responsibilities will include planning the audit; communicating with the client and the partners the progress of the audit; and
determining that financial statements and all reports issued by the firm are accurate, complete and are prepared in accordance with professional standards and firm policy.

The Engagement Partner will participate extensively during the various stages of the engagement and has direct responsibility for engagement policy, direction, supervision, quality control, security, confidentiality of information of the engagement and communication with client personnel. The engagement partner will also be involved directing the development of the overall audit approach and plan; performing an overriding review of work papers and ascertain client satisfaction.

Antonio ‘Tony ‘ J. Grau, CPA
Partner
Contact: tgrau@graucpa.com | (561) 939-6672
Experience
For over 30 years, Tony has been providing audit, accounting and consulting services to the firm’s governmental, non-profit, employee benefit, overhead and arbitrage clients. He provides guidance to clients regarding complex accounting issues, internal controls and operations.
As a member of the Government Finance Officers Association Special Review Committee, Tony participated in the review process for awarding the GFOA Certificate of Achievement in Financial Reporting. Tony was also the review team leader for the Quality Review of the Office of Management Audits of School Board of Miami-Dade County. Tony received the AICPA advanced level certificate for governmental single audits.

Education
University of South Florida (1983) Bachelor of Arts
Business Administration

Clients Served (partial list)

(>300) Various Special Districts, including:		
Bayside Improvement Community Development District Dunes Community Development District
Fishhawk Community Development District (I,II,IV) Grand Bay at Doral Community Development District Heritage Harbor North Community Development District	St. Lucie West Services District
Ave Maria Stewardship Community District Rivers Edge II Community Development District Bartram Park Community Development District
Bay Laurel Center Community Development District	
Boca Raton Airport Authority Greater Naples Fire Rescue District
Key Largo Wastewater Treatment District Lake Worth Drainage District
South Indian River Water Control		

Professional Associations/Memberships
American Institute of Certified Public Accountants Florida Government Finance Officers Association Florida Institute of Certified Public Accountants  Government Finance Officers Association Member City of Boca Raton Financial Advisory Board Member

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	56
Total Hours	80 (includes of 4 hours of Ethics CPE)

David Caplivski, CPA/CITP, Partner
Contact : dcaplivski@graucpa.com / 561-939-6676
Experience
Grau & Associates	Partner	2021-Present	
Grau & Associates	Manager	2014-2020	
Grau & Associates	Senior Auditor	2013-2014	
Grau & Associates	Staff Auditor	2010-2013	

Education
Florida Atlantic University (2009) Master of Accounting
Nova Southeastern University (2002) Bachelor of Science
Environmental Studies

Certifications and Certificates
Certified Public Accountant (2011)
AICPA Certified Information Technology Professional (2018) AICPA Accreditation COSO Internal Control Certificate (2022)

Clients Served (partial list)
(>300) Various Special Districts	Hispanic Human Resource Council	
Aid to Victims of Domestic Abuse	Loxahatchee Groves Water Control District	
Boca Raton Airport Authority	Old Plantation Water Control District	
Broward Education Foundation	Pinetree Water Control District	
CareerSource Brevard	San Carlos Park Fire & Rescue Retirement Plan	
CareerSource Central Florida 403 (b) Plan	South Indian River Water Control District	
City of Lauderhill GERS	South Trail Fire Protection & Rescue District	
City of Parkland Police Pension Fund	Town of Haverhill	
City of Sunrise GERS	Town of Hypoluxo	
Coquina Water Control District	Town of Hillsboro Beach	
Central County Water Control District	Town of Lantana	
City of Miami (program specific audits)	Town of Lauderdale By-The–Sea Volunteer Fire Pension	
City of West Park	Town of Pembroke Park	
Coquina Water Control District	Village of Wellington	
East Central Regional Wastewater Treatment Facl.	Village of Golf	
East Naples Fire Control & Rescue District		

Professional Education (over the last two years)
Course	Hours
Government Accounting and Auditing	24
Accounting, Auditing and Other	64
Total Hours	88 (includes 4 hours of Ethics CPE)
Professional Associations
Member, American Institute of Certified Public Accountants Member, Florida Institute of Certified Public Accountants Member, Florida Government Finance Officers Association Member, Florida Association of Special Districts

References

We have included three references of government engagements that require compliance with laws and regulations, follow fund accounting, and have financing requirements, which we believe are similar to the District.

 Dunes Community Development District		
Scope of Work	Financial audit	
Engagement Partner	Antonio J. Grau	
Dates	Annually since 1998	
Client Contact	Darrin Mossing, Finance Director 475 W. Town Place, Suite 114
St. Augustine, Florida 32092
                    904-940-5850		

 Two Creeks Community Development District		
Scope of Work	Financial audit	
Engagement Partner	Antonio J. Grau	
Dates	Annually since 2007	
Client Contact	William Rizzetta, President 3434 Colwell Avenue, Suite 200
Tampa, Florida 33614
                  813-933-5571		

 Journey’s End Community Development District		
Scope of Work	Financial audit	
Engagement Partner	Antonio J. Grau	
Dates	Annually since 2004	
Client Contact	Todd Wodraska, Vice President 2501 A Burns Road
Palm Beach Gardens, Florida 33410
                  561-630-4922		

Specific Audit Approach

AUDIT APPROACH
Grau’s Understanding of Work Product / Scope of Services:
We recognize the District is an important entity and we are confident our firm is eminently qualified to meet the challenges of this engagement and deliver quality audit services. You would be a valued client of our firm and we pledge to commit all firm resources to provide the level and quality of services (as described below) which not only meet the requirements set forth in the RFP but will exceed those expectations. Grau & Associates fully understands the scope of professional services and work products requested. Our audit will follow the Auditing Standards of the AICPA, Generally Accepted Government Auditing Standards, issued by the Comptroller General of the United States, and the Rules of the Auditor General of the State of Florida and any other applicable Federal, State of Local regulations. We will deliver our reports in accordance with your requirements.

Proposed segmentation of the engagement
Our approach to the audit engagement is a risk-based approach which integrates the best of traditional auditing techniques and a total systems concept to enable the team to conduct a more efficient and effective audit. The audit will be conducted in three phases, which are as follows:

PHASE I:
Preliminary Planning

PHASE II:
Execution of the Audit Plan

PHASE III:
Completion and Delivery

Phase I - Preliminary Planning
A thorough understanding of your organization, service objectives and operating environment is essential for the development of an audit plan and for an efficient, cost-effective audit. During this phase, we will meet with appropriate personnel to obtain and document our understanding of your operations and service objectives and, at the same time, give you the opportunity to express your expectations with respect to the services that we will provide. Our work effort will be coordinated so that there will be minimal disruption to your staff.

During this phase we will perform the following activities:
» Review the regulatory, statutory and compliance requirements. This will include a review of applicable federal and state statutes, resolutions, bond documents, contracts, and other agreements;
» Read minutes of meetings;
» Review major sources of information such as budgets, organization charts, procedures, manuals, financial systems, and management information systems;
» Obtain an understanding of fraud detection and prevention systems;
» Obtain and document an understanding of internal control, including knowledge about the design of relevant policies, procedures, and records, and whether they have been placed in operation;
» Assess risk and determine what controls we are to rely upon and what tests we are going to perform and perform test of controls;
» Develop audit programs to incorporate the consideration of financial statement assertions, specific audit objectives, and appropriate audit procedures to achieve the specified objectives;
» Discuss and resolve any accounting, auditing and reporting matters which have been identified.

Phase II – Execution of Audit Plan
The audit team will complete a major portion of transaction testing and audit requirements during this phase. The procedures performed during this period will enable us to identify any matter that may impact the completion of our work or require the attention of management. Tasks to be performed in Phase II include, but are not limited to the following:
» Apply analytical procedures to further assist in the determination of the nature, timing, and extent of auditing procedures used to obtain evidential matter for specific account balances or classes of transactions;
» Perform tests of account balances and transactions through sampling, vouching, confirmation and other analytical procedures; and
»  Perform tests of compliance.
Phase III - Completion and Delivery

In this phase of the audit, we will complete the tasks related to year-end balances and financial reporting. All reports will be reviewed with management before issuance, and the partners will be available to meet and discuss our report and address any questions. Tasks to be performed in Phase III include, but are not limited to the following:

» Perform final analytical procedures;
»  Review information and make inquiries for subsequent events; and
» Meeting with Management to discuss preparation of draft financial statements and any potential findings or recommendations.

You should expect more from your accounting firm than a signature in your annual financial report. Our concept of truly responsive professional service emphasizes taking an active interest in the issues of concern to our clients and serving as an effective resource in dealing with those issues. In following this approach, we not only audit financial information with hindsight but also consider the foresight you apply in managing operations.

Application of this approach in developing our management letter is particularly important given the increasing financial pressures and public scrutiny facing today’s public officials. We will prepare the management letter at the completion of our final procedures.

In preparing this management letter, we will initially review any draft comments or recommendations with management. In addition, we will take necessary steps to ensure that matters are communicated to those charged with governance.

In addition to communicating any recommendations, we will also communicate the following, if any:

» Significant audit adjustments;
» Significant deficiencies or material weaknesses;
» Disagreements with management; and
»  Difficulties encountered in performing the audit.

Is the recommendation cost effective?

Is the recommendation the simplest to effectuate in order to correct a problem?

Is the recommendation at the heart of the problem and not just correcting a symptomatic matter?

Is the corrective action taking into account why the deficiency occurred?

Our findings will contain a statement of condition describing the situation and the area that needs strengthening, what should be corrected and why. Our suggestions will withstand the basic tests of corrective action:

To assure full agreement with facts and circumstances, we will fully discuss each item with Management prior to the final exit conference. This policy means there will be no “surprises” in the management letter and fosters a professional, cooperative atmosphere.

Communications
We emphasize a continuous, year-round dialogue between the District and our management team. We regularly communicate through personal telephone calls and electronic mail throughout the audit and on a regular basis.
Our clients have the ability to transmit information to us on our secure client portal with the ability to assign different staff with separate log on and viewing capability. This further facilitates efficiency as all assigned users receive electronic mail notification as soon as new information has been posted into the portal.

Cost of Services

Our proposed all-inclusive fees for the financial audit for the fiscal years ended September 30, 2024-2028 are as follows:

  Year Ended September 30,			Fee		
2024	$3,800	
2025	$3,900	
2026	$4,000	
2027	$4,100	
2028	$4,200	
TOTAL (2024-2028)	$20,000	

The above fees are based on the assumption that the District maintains its current level of operations. Should conditions change or Bonds are issued the fees would be adjusted accordingly upon approval from all parties concerned.

Supplemental Information

	Governmental Audit	Single Audit	Utility Audit	
Current Client	
Year End	
Boca Raton Airport Authority					9/30	
Captain's Key Dependent District					9/30	
Central Broward Water Control District					9/30	
Collier Mosquito Control District					9/30	
Coquina Water Control District					9/30	
East Central Regional Wastewater Treatment Facility					9/30	
Florida Green Finance Authority					9/30	
Greater Boca Raton Beach and Park District					9/30	
Greater Naples Fire Control and Rescue District					9/30	
Green Corridor P.A.C.E. District					9/30	
Hobe-St. Lucie Conservancy District					9/30	
Indian River Mosquito Control District					9/30	
Indian Trail Improvement District					9/30	
Key Largo Wastewater Treatment District					9/30	
Lake Padgett Estates Independent District					9/30	
Lake Worth Drainage District					9/30	
Lealman Special Fire Control District					9/30	
Loxahatchee Groves Water Control District					9/30	
Old Plantation Control District					9/30	
Pal Mar Water Control District					9/30	
Pinellas Park Water Management District					9/30	
Pine Tree Water Control District (Broward)					9/30	
Pinetree Water Control District (Wellington)					9/30	
Ranger Drainage District					9/30	
Renaissance Improvement District					9/30	
San Carlos Park Fire Protection and Rescue Service District					9/30	
Sanibel Fire and Rescue District					9/30	
South Central Regional Wastewater Treatment and Disposal Board					9/30	
South-Dade Venture Development District					9/30	
South Indian River Water Control District					9/30	
South Trail Fire Protection & Rescue District					9/30	
Spring Lake Improvement District					9/30	
St. Lucie West Services District					9/30	
Sunshine Water Control District					9/30	
West Villages Improvement District					9/30	
Various Community Development Districts (297)					9/30	
TOTAL	333	5	3	328		

CONSULTING / MANAGEMENT ADVISORY SERVICES
Grau & Associates also provide a broad range of other management consulting services. Our expertise has been consistently utilized by Governmental and Non-Profit entities throughout Florida. Examples of engagements performed are as follows:

Accounting systems
Development of budgets
Organizational structures
Financing alternatives
IT Auditing	Fixed asset records
Cost reimbursement
Indirect cost allocation
Grant administration and compliance	

ARBITRAGE

The federal government has imposed complex rules to restrict the use of tax-exempt financing. Their principal purpose is to eliminate any significant arbitrage incentives in a tax-exempt issue. We have determined the applicability of these requirements and performed the rebate calculations for more than 150 bond issues, including both fixed and variable rate bonds.

73

Current Arbitrage Calculations

We look forward to providing Ranches at Lake McLeod Community Development District with our resources and experience to accomplish not only those minimum requirements set forth in your Request for Proposal, but to exceed those expectations!

For even more information on Grau & Associates please visit us on www.graucpa.com.

Ranches at Lake McLeod CDD Auditor Selection	
	
Ability of Personnel (20 pts)	
Proposer's Experience (20 pts)	
Understading of Scope of Work (20 pts)	
Ability to Furnish the Required Services (20 pts)	

Price (20 pts)	
Total Points Earned	
Ranking
(1 being highest)	
					2024- $8,500			
					2025- $9,000			
					2026- $9,500			
					2027- $10,000			
Carr, Riggs & Ingram					2028- $10,500			
					2024- $3,950			
					2025- $4,200			
					2026- $4,350			
DiBartolomeo, McBee, Hartley &					2027- $4,500			
Barnes					2028- $4,650			
					2024- $3,800			
					2025- $3,900			
					2026- $4,000			
					2027- $4,100			
Grau & Associates					2028- $4,200			

Board of Supervisors Meeting

Section III

SECTION A

From: Nicole Henley
Date: May 17, 2024 at 9:58:59 AM EDT
Subject: CDD Resignation

Good Morning, Adam,

I would like to resign from my position on the CDD boards for Knightsbridge CDD & Ranches at Lake McLeod CDD.

Thank you!

Section D

RESOLUTION 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT APPOINTING AN ASSISTANT SECRETARY OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE
Whereas, Ranches at Lake McLeod 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 within the City of Eagle Lake, Polk County, Florida; and

Whereas, the Board of Supervisors of the District desires to appoint an Assistant Secretary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT:

Section 1.		 is appointed as an Assistant Secretary.

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

Passed and adopted this 13th day of August 2024.

ATTEST:	RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

MINUTES

MINUTES OF MEETING RANCHES AT LAKE MCLEOD
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Ranches at Lake McLeod Community Development District was held on Tuesday, May 14, 2024 at 10:00 a.m. via Zoom and at the Lake Alfred Public Library, 245 N Seminole Ave., Lake Alfred Florida.
Present and constituting a quorum were:

Adam Morgan	Chairman
Rob Bonin	Vice Chairman
Brent Kewley	Assistant Secretary Also present were:
Tricia Adams	District Manager, GMS
Rick Welch by Zoom	District Engineer, Connelly & Wicker
Nika Hosseini by Zoom	District Counsel, Cobb Cole
Allen Bailey	Field Services, GMS
Kayla Word	Lennar
Michelle Dudley	Lennar

The following is a summary of the discussions and actions taken at the May 14, 2024 Ranches at Lake McLeod Community Development District’s Board of Supervisors meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 10:12 a.m. and called the roll. Three Board members were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period on Agenda Items
There were no members of the public present in the audience and no members in attendance via Zoom.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Letter of Resignation from Pat Quaranta (to be provided under separate cover)
Appointment to Fill Board Seat #1
Administration of Oath to Newly Appointed Supervisor
Consideration of Resolution 2024-04 Appointing an Assistant Secretary
Ms. Adams stated they have yet to receive a letter of resignation from Pat Quaranta. They have received verbal confirmation that he has resigned, and staff has reached out multiple times and have not received any correspondence in return. Mr. Morgan noted that he will petition the governor in order to have him removed from all CDD Boards. This item will be deferred until further notice.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the February 13,
2024 Board of Supervisors Meeting
Ms. Adams presented the minutes from the February 13, 2024 Board of Supervisors meeting and asked for any comments, questions, or corrections. The Board had no changes to the minutes and there was a motion of approval.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Minutes of the February 13, 2024 Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-05
Approving the Proposed Fiscal Year 2024/2025 Budget (Suggested Date: August 13, 2024) and Setting the Public Hearing on the Adoption of the Fiscal Year 2024/2025 Budget
Ms. Adams presented the resolution and suggested the date for the public hearing to be August 13, 2024 which is the regularly scheduled meeting in August. Ms. Adams summarized the budget for the Board which was provided in the agenda package. The total number of assessable units for this project is 1,055 units and the anticipated number of units that will be ready for the District to maintain in the upcoming fiscal year has been confirmed by the project manager. She went over administrative and field management expenses for the Fiscal Year and a capital reserve transfer. She highlighted the gross assessment amount per unit at $553.89 and net

amount at $515.12. She is suggesting a notice to be sent to property owners with the proposed budget showing an increase of capital reserves in order to get the gross assessment per unit to
$947.78 for noticing proposes but when it comes to the actual budget adoption they anticipate lowering the assessment amount.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, Resolution 2024-05 Approving the Proposed Fiscal Year 22024/2025 Budget (Suggested Date: August 13, 2024) and Setting the Public Hearing on the Adoption of Fiscal Year 2024/2025 Budget, was approved as amended.

SIXTH ORDER OF BUSINESS	Ratification	of	Audit	Services
Engagement Letter with Carr, Riggs & Ingram for Fiscal Year 2023 Audit
Ms. Adams stated the fee imposed for these services is $4,000 and this is a time sensitive matter as the audit is due by June 30th each calendar year. Because of the time sensitivity, this item has already been approved and engaged by staff and they are just looking for a motion to ratify that action.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Audit Services Engagement Letter with Carr, Riggs & Ingram for Fiscal Year 2023 Audit, was ratified.

SEVENTH ORDER OF BUSINESS	Appointment of Audit Committee
Ms. Adams suggested that the Board of Supervisors appoint themselves as the audit committee and asked for a motion to approve that decision.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, Appointment of Audit Committee was approved, was approved.

EIGHTH ORDER OF BUISNESS	Staff Reports
Attorney
Ms. Hosseini had nothing further for the Board.

Engineer
Mr. Welch stated that there was nothing new for the Board but offered to answer any questions. There being none, the next item followed.

Field Manager’s Report
Mr. Bailey presented the field manager’s report and summarized it for the Board. The Board discussed getting the well up and operational as soon as possible and they would like staff to keep close attention to it. Mr. Bailey answered a few questions for the Board. He will also bring back quotes for dog waste stations and quotes for the emptying of those.

Consideration of Landscape Maintenance Services Addendum from Frank Polly Sod & Landscape to Add East Phase to Landscape Contract
Mr. Bailey presented an addendum to for Frank Polly to bring on the whole territory at
$4,500 per month and he provided a map for that included area.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Landscape Maintenance Services Addendum from Frank Polly Sod & Landscape Contract, was approved.

District Manager
Approval of Check Register
Ms. Adams presented the check register which is included in the agenda package for review. The total is $52,075.47 from October 1, 2023 through December 5, 2023. She offered to answer any questions for the Board. Hearing none, she asked for a motion of approval.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Check Register totaling $52,075.47, was approved.

Balance Sheet and Income Statement
Ms. Adams stated the financial statements are included in the agenda package for review.
No action is required from the Board and this item is for informational purposes.

Presentation of Number of Registered Voters – 82
Ms. Adams stated that they are required to report the number of registered voters withing the District as of April 15, 2024. That number is 82.

Project Development Update
Status of Property Conveyance
Discussion Regarding Open Space Conveyance
Status of Permit Transfers
Ms. Hosseini noted that they have certification and completion document that she believes is good enough to convey. They will draft a deed of dedication for two open space tracts and that paperwork is in process.

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

TENTH ORDER OF BUSINESS	Supervisor’s	Requests	and	Audience
Comments
There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINESS	Adjournment
Ms. Adams asked for a motion to adjourn the meeting.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

MINUTES OF MEETING RANCHES AT LAKE MCLEOD
COMMUNITY DEVELOPMENT DISTRICT

The audit committee meeting of the Ranches at Lake McLeod Community Development District was held on Tuesday, May 14, 2024 at 10:30 a.m. via Zoom and at the Lake Alfred Public Library, 245 N Seminole Ave., Lake Alfred Florida.
Present and constituting a quorum were:

Adam Morgan Rob Bonin Brent Kewley

Also present were:

Tricia Adams
Rick Welch by Zoom Nika Hosseini by Zoom Allen Bailey
Kayla Word Michelle Dudley

The following is a summary of the discussions and actions taken at the May 14, 2024 Ranches at Lake McLeod Community Development District’s Audit Committee meeting.
FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 10:30 a.m. and called the roll. Three Board members were present and one joining via Zoom constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There were no members of the public present in the audience and no members in attendance via Zoom.

May 14, 2024	Ranches at Lake McLeod CDD

THIRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Ms. Adams presented the audit services criteria that can be found in the agenda package. The Board is required to undergo and annual independent audit and this would be for audit services starting with Fiscal Year 2024. The Board can approve entering into an agreement for up to five years with the approval of request for proposals and selection criteria along with the notice of opportunity to provide audit services. She then stated that they can take one motion of approval as presented in the agenda package.

Approval of Notice of Request for Proposals for Audit Services
Public Announcement of Opportunity to Provide Audit Services

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Request for Proposals and Selection Criteria and Notice of Request for Proposals for Audit Services, were approved

FOURTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

2

Section VI

Section A

Section 1

RESOLUTION 2024-06

THE ANNUAL APPROPRIATION RESOLUTION OF THE RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2024, submitted to the Board of Supervisors (“Board”) of the Ranches at Lake McLeod Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“Fiscal Year 2025”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and
WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and
WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

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

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.
The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Ranches at Lake McLeod Community Development District for the Fiscal Year Ending September 30, 2025.”

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

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2025, the sum of $	 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:
TOTAL GENERAL FUND	$	 DEBT SERVICE FUND (SERIES 2023)	$	 TOTAL ALL FUNDS	$	 SECTION 3. BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2025 or within 60 days following the end of the Fiscal Year 2025 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

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

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

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

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 13TH DAY OF AUGUST 2024.
ATTEST:	RANCHES AT LAKE MCLEOD COMMUNITY	DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:	

Exhibit A:	Adopted Budget for Fiscal Year 2025

Ranches at Lake McLeod
Community Development District

Proposed Budget
FY2025

Table of Contents

1-2

3-6

7

8-9

General Fund General Fund Narrative
Debt Service Fund - Series 2023 Series 2023 Amortization Schedule

10	Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Assessments - On Roll	$	358,744	$	360,260	$	-	$	360,260	$	623,453	
Assessments - Direct	$	81,950	$	81,950	$	-	$	81,950	$	13,441	
Developer Contributions	$	-	$	8,518	$	-	$	8,518	$	-	
Total Revenues	$	440,694	$	450,728	$	-	$	450,728	$	636,894	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	4,200	
$	3,000	
$	7,200	
$	12,000	
FICA Expense	$	918	$	321	$	230	$	551	$	918	
Engineering	$	15,000	$	2,735	$	3,000	$	5,735	$	15,000	
Attorney	$	15,000	$	2,859	$	3,000	$	5,859	$	15,000	
Annual Audit	$	5,000	$	8,500	$	-	$	8,500	$	5,000	
Assessment Administration	$	6,500	$	6,500	$	-	$	6,500	$	6,500	
Arbitrage Rebate	$	500	$	-	$	500	$	500	$	900	
Dissemination Agent	$	5,000	$	3,750	$	1,250	$	5,000	$	6,000	
Trustee Fees	$	4,020	$	-	$	4,020	$	4,020	$	4,020	
Management Fees	$	40,000	$	30,000	$	10,000	$	40,000	$	42,500	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,200	
Postage & Delivery	$	1,000	$	405	$	300	$	705	$	1,000	
Insurance	$	6,181	$	5,590	$	-	$	5,590	$	6,181	
Copies	$	500	$	9	$	9	$	18	$	500	
Legal Advertising	$	7,500	$	1,825	$	5,500	$	7,325	$	7,500	
Other Current Charges	$	2,500	$	279	$	120	$	399	$	2,500	
Office Supplies	$	500	$	17	$	15	$	32	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal Administrative	$	125,294	$	69,415	$	31,694	$	101,109	$	129,194	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Operations & Maintenance						
Field Expenditures						
Property Insurance	$	5,000	$	3,522	$	-	$	3,522	$	5,000	
Field Management	$	7,500	$	5,625	$	1,875	$	7,500	$	10,000	
Landscape Maintenance	$	95,000	$	53,450	$	22,500	$	75,950	$	203,400	
Landscape Replacement	$	30,000	$	-	$	-	$	-	$	30,000	
Lake Maintenance	$	16,800	$	1,250	$	375	$	1,625	$	16,800	
Streetlights	$	48,600	$	27,716	$	15,300	$	43,016	$	80,000	
Electric	$	5,000	$	2,420	$	300	$	2,720	$	15,000	
Water & Sewer	$	5,000	$	17,145	$	10,800	$	27,945	$	45,000	
Irrigation Repairs	$	10,000	$	-	$	-	$	-	$	10,000	
Sidewalk & Asphalt Maintenance	$	5,000	$	-	$	-	$	-	$	5,000	
General Repairs & Maintenance	$	20,000	$	-	$	-	$	-	$	20,000	
Holiday Decorations	$	2,500	$	-	$	-	$	-	$	2,500	
Contingency	$	15,000	$	-	$	-	$	-	$	15,000	
Subtotal Field Expenditures	$	265,400	$	111,128	$	51,150	$	162,278	$	457,700	
						
Total Operations & Maintenance	$	265,400	$	111,128	$	51,150	$	162,278	$	457,700	

Other Expenditures						
Capital Reserve - Transfer	$	50,000	$	-	$	50,000	$	50,000	$	50,000	
Total Other Expenses	$	50,000	$	-	$	50,000	$	50,000	$	50,000	
						
Total Expenditures	$	440,694	$	180,543	$	132,844	$	313,387	$	636,894	
						
Excess Revenues/(Expenditures)	$	-	$	270,184	$  (132,844)	$	137,341	$	-	

Net Assessments	$623,453
Add: Discounts & Collections 7%		$46,927 Gross Assessments 	$670,380 

Assessable Units	1055	

Gross Per Unit Assessment	
$635.43	
Net Per Unit Assessment	$590.95	

Revenues:

Assessments

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

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

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

Attorney

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

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage Rebate

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its anticipated bond series.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond series.

Trustee Fees

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

Management Fees

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

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

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

Postage & Delivery

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

Insurance

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

Copies

Printing agenda materials for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

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

Other Current Charges

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

Office Supplies

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

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s estimated property insurance coverage.

Field Management

The District will contract for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the maintenance of the landscaping within the following phases of the District after the installation of landscape material has been completed.

North	$78,000	
East	$54,000	
Central	$71,400	
Total	$203,400	

 Landscape Replacement

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

Lake Maintenance

The District will contract for the care and maintenance of its lakes which includes shoreline grass, brush and vegetation control.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents estimated electric charges of common areas throughout the District.

Water & Sewer

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

Irrigation Repairs

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

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting and other assets.

Holiday Decorations

The District will incur costs related to the decoration of common areas during the Holidays.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Other Expenditures:

Capital Reserve - Transfer

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Proposed Budget
Debt Service Fund - Series 2023

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Assessments	$	382,769	$	384,387	$	-	$	384,387	$	382,769	
Interest	$	-	$	12,472	$	6,300	$	18,772	$	-	
Carry Forward Surplus	$	140,260	$	141,049	$	-	$	141,049	$	173,774	
Total Revenues	$	523,029	$	537,908	$	6,300	$	544,208	$	556,543	

Expenditures						
Interest - 12/15	$	140,260	$	140,260	$	-	$	140,260	$	148,428	
Prinicpal - 6/15	$	80,000	$	80,000	$	-	$	80,000	$	85,000	
Interest - 6/15	$	150,278	$	150,278	$	-	$	150,278	$	148,428	
Total Expenditures	$	370,538	$	370,538	$	-	$	370,538	$	381,856	

Other Financing Sources/(Uses)						
Interfund Transfer In/(Out)	$	-	$	104	
$	-	
$	104	
$	-	
Total Other Financing Sources/(Uses)  $	-	$	104	$	-	$	104	$	-	

Excess Revenues/(Expenditures)

$	152,491	$	167,474	$

6,300	$	173,774	$	174,687

Interest Expense 12/15/25	 $	146,463 
Total	$	146,463

Product	Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family 40	196	$	162,369	$828	$891	
Single Family 50	203	$	210,455	$1,037	$1,115	
Single Family 60	8	$	9,945	$1,243	$1,337	
	407	$	382,769			

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

12/15/23	$	5,665,000.00	$	
06/15/24	$	5,665,000.00	$	80	
12/15/24	$	5,585,000.00	$	
06/15/25	$	5,585,000.00	$	85	
12/15/25	$	5,500,000.00	$	
06/15/26	$	5,500,000.00	$	90	
12/15/26	$	5,410,000.00	$	
06/15/27	$	5,410,000.00	$	95	
12/15/27	$	5,315,000.00	$	
06/15/28	$	5,315,000.00	$	100	
12/15/28	$	5,215,000.00	$	
06/15/29	$	5,215,000.00	$	105	
12/15/29	$	5,110,000.00	$	
06/15/30	$	5,110,000.00	$	110	
12/15/30	$	5,000,000.00	$	
06/15/31	$	5,000,000.00	$	115	
12/15/31	$	4,885,000.00	$	
06/15/32	$	4,885,000.00	$	120	
12/15/32	$	4,765,000.00	$	
06/15/33	$	4,765,000.00	$	125	
12/15/33	$	4,640,000.00	$	
06/15/34	$	4,640,000.00	$	135	
12/15/34	$	4,765,000.00	$	
06/15/35	$	4,640,000.00	$	140	
12/15/35	$	4,640,000.00	$	
06/15/36	$	4,505,000.00	$	150	
12/15/36	$	4,505,000.00	$	
06/15/37	$	4,365,000.00	$	155	
12/15/37	$	4,365,000.00	$	
06/15/38	$	4,215,000.00	$	165	
12/15/38	$	4,215,000.00	$	
06/15/39	$	4,060,000.00	$	175	
12/15/39	$	4,060,000.00	$	
06/15/40	$	3,895,000.00	$	185	
12/15/40	$	3,895,000.00	$	
06/15/41	$	3,720,000.00	$	195	
12/15/41	$	3,720,000.00	$	
06/15/42	$	2,920,000.00	$	205	
12/15/42	$	2,920,000.00	$	
06/15/43	$	2,920,000.00	$	215	
12/15/43	$	2,920,000.00	$	
06/15/44	$	2,920,000.00	$	225	
12/15/44	$	2,695,000.00	$	
06/15/45	$	2,695,000.00	$	240	
12/15/45	$	2,455,000.00	$	
06/15/46	$	2,455,000.00	$	250	
12/15/46	$	2,205,000.00	$	
06/15/47	$	2,205,000.00	$	265	

$	140,259.58	$	140,259.58	
$	150,278.13	$	-	
$	148,428.13	$	378,706.25	
$	148,428.13	$	-	
$	146,462.50	$	379,890.63	
$	146,462.50	$	-	
$	144,381.25	$	380,843.75	
$	144,381.25	$	-	
$	142,184.38	$	381,565.63	
$	142,184.38	$	-	
$	139,871.88	$	382,056.25	
$	139,871.88	$	-	
$	137,443.75	$	382,315.63	
$	137,443.75	$	-	
$	134,900.00	$	382,343.75	
$	134,900.00	$	-	
$	131,881.25	$	381,781.25	
$	131,881.25	$	-	
$	128,731.25	$	380,612.50	
$	128,731.25	$	-	
$	125,450.00	$	379,181.25	
$	125,450.00	$	-	
$	121,906.25	$	382,356.25	
$	121,906.25	$	-	
$	118,231.25	$	380,137.50	
$	118,231.25	$	-	
$	114,293.75	$	382,525.00	
$	114,293.75	$	-	
$	110,225.00	$	379,518.75	
$	110,225.00	$	-	
$	105,893.75	$	381,118.75	
$	105,893.75	$	-	
$	101,300.00	$	382,193.75	
$	101,300.00	$	-	
$	96,443.75	$	382,743.75	
$	96,443.75	$	-	
$	91,325.00	$	382,768.75	
$	91,325.00	$	-	
$	85,943.75	$	382,268.75	
$	85,943.75	$	-	
$	80,300.00	$	381,243.75	
$	80,300.00	$	-	
$	74,112.50	$	379,412.50	
$	74,112.50	$	-	
$	67,512.50	$	381,625.00	
$	67,512.50	$	-	
$	60,637.50	$	378,150.00	
$	60,637.50	$	-	

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

DATE		BALANCE	PRINCIPAL	INTEREST	TOTAL	

12/15/47	
$	
1,940,000.00	
$	-	
$	53,350.00	
$	378,987.50	
06/15/48	$	1,940,000.00	$	280,000.00	$	53,350.00	$	-	
12/15/48	$	1,660,000.00	$	-	$	45,650.00	$	379,000.00	
06/15/49	$	1,660,000.00	$	295,000.00	$	45,650.00	$	-	
12/15/49	$	1,365,000.00	$	-	$	37,537.50	$	378,187.50	
06/15/50	$	1,365,000.00	$	315,000.00	$	37,537.50	$	-	
12/15/50	$	1,050,000.00	$	-	$	28,875.00	$	381,412.50	
06/15/51	$	1,050,000.00	$	330,000.00	$	28,875.00	$	-	
12/15/51	$	720,000.00	$	-	$	19,800.00	$	378,675.00	
06/15/52	$	720,000.00	$	350,000.00	$	19,800.00	$	-	
12/15/52	$	370,000.00	$	-	$	10,175.00	$	379,975.00	
06/15/53	$	370,000.00	$	370,000.00	$	10,175.00	$	380,175.00	
			$	5,665,000	$	5,897,031	$	11,562,031	

Proposed Budget Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues

Carry Forward Surplus

$	-	$

-	$	-	$

-	$	50,000

Total Revenues	$	-	$	-	$	-	$	-	$	50,000

Expenditures

Capital Outlay

$	-	$

-	$	-	$	-	$	-

Total Expenditures	$	-	$	-	$	-	$	-	$	-

Other Financing Sources/(Uses)

Interfund Transfer In/(Out)

$	50,000	$

-	$	50,000	$

50,000	$

50,000

Excess Revenues/(Expenditures)	$	50,000	$	-	$	50,000	$	50,000	$	100,000

Total Other Financing Sources/(Uses)  $	50,000	$	-	$	50,000	$	50,000	$	50,000

Section B

Section 1

RESOLUTION 2024-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2025; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

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

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

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“Fiscal Year 2025”), attached hereto as Exhibit A; and

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

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

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and
WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2025; and

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

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached to this Resolution as Exhibit B, and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit B; and
WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT:

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

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 170, 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits A and B. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.
SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits A and B.

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits A and B. Assessments directly collected by the District are due in

full on December 1, 2024; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2024, 25% due no later than February 1, 2025 and 25% due no later than May 1, 2025. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2025, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.
Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit B, is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

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

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
PASSED AND ADOPTED THIS 13TH DAY OF AUGUST 2024.

ATTEST:	RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A:	Adopted Budget for Fiscal Year 2025
Exhibit B:	Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

Ranches at Lake McLeod
Community Development District

Proposed Budget
FY2025

Table of Contents

1-2

3-6

7

8-9

General Fund General Fund Narrative
Debt Service Fund - Series 2023 Series 2023 Amortization Schedule

10	Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Assessments - On Roll	$	358,744	$	360,260	$	-	$	360,260	$	623,453	
Assessments - Direct	$	81,950	$	81,950	$	-	$	81,950	$	13,441	
Developer Contributions	$	-	$	8,518	$	-	$	8,518	$	-	
Total Revenues	$	440,694	$	450,728	$	-	$	450,728	$	636,894	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	4,200	
$	3,000	
$	7,200	
$	12,000	
FICA Expense	$	918	$	321	$	230	$	551	$	918	
Engineering	$	15,000	$	2,735	$	3,000	$	5,735	$	15,000	
Attorney	$	15,000	$	2,859	$	3,000	$	5,859	$	15,000	
Annual Audit	$	5,000	$	8,500	$	-	$	8,500	$	5,000	
Assessment Administration	$	6,500	$	6,500	$	-	$	6,500	$	6,500	
Arbitrage Rebate	$	500	$	-	$	500	$	500	$	900	
Dissemination Agent	$	5,000	$	3,750	$	1,250	$	5,000	$	6,000	
Trustee Fees	$	4,020	$	-	$	4,020	$	4,020	$	4,020	
Management Fees	$	40,000	$	30,000	$	10,000	$	40,000	$	42,500	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,200	
Postage & Delivery	$	1,000	$	405	$	300	$	705	$	1,000	
Insurance	$	6,181	$	5,590	$	-	$	5,590	$	6,181	
Copies	$	500	$	9	$	9	$	18	$	500	
Legal Advertising	$	7,500	$	1,825	$	5,500	$	7,325	$	7,500	
Other Current Charges	$	2,500	$	279	$	120	$	399	$	2,500	
Office Supplies	$	500	$	17	$	15	$	32	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal Administrative	$	125,294	$	69,415	$	31,694	$	101,109	$	129,194	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Operations & Maintenance						
Field Expenditures						
Property Insurance	$	5,000	$	3,522	$	-	$	3,522	$	5,000	
Field Management	$	7,500	$	5,625	$	1,875	$	7,500	$	10,000	
Landscape Maintenance	$	95,000	$	53,450	$	22,500	$	75,950	$	203,400	
Landscape Replacement	$	30,000	$	-	$	-	$	-	$	30,000	
Lake Maintenance	$	16,800	$	1,250	$	375	$	1,625	$	16,800	
Streetlights	$	48,600	$	27,716	$	15,300	$	43,016	$	80,000	
Electric	$	5,000	$	2,420	$	300	$	2,720	$	15,000	
Water & Sewer	$	5,000	$	17,145	$	10,800	$	27,945	$	45,000	
Irrigation Repairs	$	10,000	$	-	$	-	$	-	$	10,000	
Sidewalk & Asphalt Maintenance	$	5,000	$	-	$	-	$	-	$	5,000	
General Repairs & Maintenance	$	20,000	$	-	$	-	$	-	$	20,000	
Holiday Decorations	$	2,500	$	-	$	-	$	-	$	2,500	
Contingency	$	15,000	$	-	$	-	$	-	$	15,000	
Subtotal Field Expenditures	$	265,400	$	111,128	$	51,150	$	162,278	$	457,700	
						
Total Operations & Maintenance	$	265,400	$	111,128	$	51,150	$	162,278	$	457,700	

Other Expenditures						
Capital Reserve - Transfer	$	50,000	$	-	$	50,000	$	50,000	$	50,000	
Total Other Expenses	$	50,000	$	-	$	50,000	$	50,000	$	50,000	
						
Total Expenditures	$	440,694	$	180,543	$	132,844	$	313,387	$	636,894	
						
Excess Revenues/(Expenditures)	$	-	$	270,184	$  (132,844)	$	137,341	$	-	

Net Assessments	$623,453
Add: Discounts & Collections 7%		$46,927 Gross Assessments 	$670,380 

Assessable Units	1055	

Gross Per Unit Assessment	
$635.43	
Net Per Unit Assessment	$590.95	

Revenues:

Assessments

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

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

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

Attorney

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

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage Rebate

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its anticipated bond series.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond series.

Trustee Fees

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

Management Fees

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

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

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

Postage & Delivery

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

Insurance

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

Copies

Printing agenda materials for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

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

Other Current Charges

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

Office Supplies

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

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s estimated property insurance coverage.

Field Management

The District will contract for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the maintenance of the landscaping within the following phases of the District after the installation of landscape material has been completed.

North	$78,000	
East	$54,000	
Central	$71,400	
Total	$203,400	

 Landscape Replacement

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

Lake Maintenance

The District will contract for the care and maintenance of its lakes which includes shoreline grass, brush and vegetation control.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents estimated electric charges of common areas throughout the District.

Water & Sewer

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

Irrigation Repairs

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

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting and other assets.

Holiday Decorations

The District will incur costs related to the decoration of common areas during the Holidays.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Other Expenditures:

Capital Reserve - Transfer

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Proposed Budget
Debt Service Fund - Series 2023

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Assessments	$	382,769	$	384,387	$	-	$	384,387	$	382,769	
Interest	$	-	$	12,472	$	6,300	$	18,772	$	-	
Carry Forward Surplus	$	140,260	$	141,049	$	-	$	141,049	$	173,774	
Total Revenues	$	523,029	$	537,908	$	6,300	$	544,208	$	556,543	

Expenditures						
Interest - 12/15	$	140,260	$	140,260	$	-	$	140,260	$	148,428	
Prinicpal - 6/15	$	80,000	$	80,000	$	-	$	80,000	$	85,000	
Interest - 6/15	$	150,278	$	150,278	$	-	$	150,278	$	148,428	
Total Expenditures	$	370,538	$	370,538	$	-	$	370,538	$	381,856	

Other Financing Sources/(Uses)						
Interfund Transfer In/(Out)	$	-	$	104	
$	-	
$	104	
$	-	
Total Other Financing Sources/(Uses)  $	-	$	104	$	-	$	104	$	-	

Excess Revenues/(Expenditures)

$	152,491	$	167,474	$

6,300	$	173,774	$	174,687

Interest Expense 12/15/25	 $	146,463 
Total	$	146,463

Product	Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family 40	196	$	162,369	$828	$891	
Single Family 50	203	$	210,455	$1,037	$1,115	
Single Family 60	8	$	9,945	$1,243	$1,337	
	407	$	382,769			

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

12/15/23	$	5,665,000.00	$	
06/15/24	$	5,665,000.00	$	80	
12/15/24	$	5,585,000.00	$	
06/15/25	$	5,585,000.00	$	85	
12/15/25	$	5,500,000.00	$	
06/15/26	$	5,500,000.00	$	90	
12/15/26	$	5,410,000.00	$	
06/15/27	$	5,410,000.00	$	95	
12/15/27	$	5,315,000.00	$	
06/15/28	$	5,315,000.00	$	100	
12/15/28	$	5,215,000.00	$	
06/15/29	$	5,215,000.00	$	105	
12/15/29	$	5,110,000.00	$	
06/15/30	$	5,110,000.00	$	110	
12/15/30	$	5,000,000.00	$	
06/15/31	$	5,000,000.00	$	115	
12/15/31	$	4,885,000.00	$	
06/15/32	$	4,885,000.00	$	120	
12/15/32	$	4,765,000.00	$	
06/15/33	$	4,765,000.00	$	125	
12/15/33	$	4,640,000.00	$	
06/15/34	$	4,640,000.00	$	135	
12/15/34	$	4,765,000.00	$	
06/15/35	$	4,640,000.00	$	140	
12/15/35	$	4,640,000.00	$	
06/15/36	$	4,505,000.00	$	150	
12/15/36	$	4,505,000.00	$	
06/15/37	$	4,365,000.00	$	155	
12/15/37	$	4,365,000.00	$	
06/15/38	$	4,215,000.00	$	165	
12/15/38	$	4,215,000.00	$	
06/15/39	$	4,060,000.00	$	175	
12/15/39	$	4,060,000.00	$	
06/15/40	$	3,895,000.00	$	185	
12/15/40	$	3,895,000.00	$	
06/15/41	$	3,720,000.00	$	195	
12/15/41	$	3,720,000.00	$	
06/15/42	$	2,920,000.00	$	205	
12/15/42	$	2,920,000.00	$	
06/15/43	$	2,920,000.00	$	215	
12/15/43	$	2,920,000.00	$	
06/15/44	$	2,920,000.00	$	225	
12/15/44	$	2,695,000.00	$	
06/15/45	$	2,695,000.00	$	240	
12/15/45	$	2,455,000.00	$	
06/15/46	$	2,455,000.00	$	250	
12/15/46	$	2,205,000.00	$	
06/15/47	$	2,205,000.00	$	265	

$	140,259.58	$	140,259.58	
$	150,278.13	$	-	
$	148,428.13	$	378,706.25	
$	148,428.13	$	-	
$	146,462.50	$	379,890.63	
$	146,462.50	$	-	
$	144,381.25	$	380,843.75	
$	144,381.25	$	-	
$	142,184.38	$	381,565.63	
$	142,184.38	$	-	
$	139,871.88	$	382,056.25	
$	139,871.88	$	-	
$	137,443.75	$	382,315.63	
$	137,443.75	$	-	
$	134,900.00	$	382,343.75	
$	134,900.00	$	-	
$	131,881.25	$	381,781.25	
$	131,881.25	$	-	
$	128,731.25	$	380,612.50	
$	128,731.25	$	-	
$	125,450.00	$	379,181.25	
$	125,450.00	$	-	
$	121,906.25	$	382,356.25	
$	121,906.25	$	-	
$	118,231.25	$	380,137.50	
$	118,231.25	$	-	
$	114,293.75	$	382,525.00	
$	114,293.75	$	-	
$	110,225.00	$	379,518.75	
$	110,225.00	$	-	
$	105,893.75	$	381,118.75	
$	105,893.75	$	-	
$	101,300.00	$	382,193.75	
$	101,300.00	$	-	
$	96,443.75	$	382,743.75	
$	96,443.75	$	-	
$	91,325.00	$	382,768.75	
$	91,325.00	$	-	
$	85,943.75	$	382,268.75	
$	85,943.75	$	-	
$	80,300.00	$	381,243.75	
$	80,300.00	$	-	
$	74,112.50	$	379,412.50	
$	74,112.50	$	-	
$	67,512.50	$	381,625.00	
$	67,512.50	$	-	
$	60,637.50	$	378,150.00	
$	60,637.50	$	-	

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

DATE		BALANCE	PRINCIPAL	INTEREST	TOTAL	

12/15/47	
$	
1,940,000.00	
$	-	
$	53,350.00	
$	378,987.50	
06/15/48	$	1,940,000.00	$	280,000.00	$	53,350.00	$	-	
12/15/48	$	1,660,000.00	$	-	$	45,650.00	$	379,000.00	
06/15/49	$	1,660,000.00	$	295,000.00	$	45,650.00	$	-	
12/15/49	$	1,365,000.00	$	-	$	37,537.50	$	378,187.50	
06/15/50	$	1,365,000.00	$	315,000.00	$	37,537.50	$	-	
12/15/50	$	1,050,000.00	$	-	$	28,875.00	$	381,412.50	
06/15/51	$	1,050,000.00	$	330,000.00	$	28,875.00	$	-	
12/15/51	$	720,000.00	$	-	$	19,800.00	$	378,675.00	
06/15/52	$	720,000.00	$	350,000.00	$	19,800.00	$	-	
12/15/52	$	370,000.00	$	-	$	10,175.00	$	379,975.00	
06/15/53	$	370,000.00	$	370,000.00	$	10,175.00	$	380,175.00	
			$	5,665,000	$	5,897,031	$	11,562,031	

Proposed Budget Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues

Carry Forward Surplus

$	-	$

-	$	-	$

-	$	50,000

Total Revenues	$	-	$	-	$	-	$	-	$	50,000

Expenditures

Capital Outlay

$	-	$

-	$	-	$	-	$	-

Total Expenditures	$	-	$	-	$	-	$	-	$	-

Other Financing Sources/(Uses)

Interfund Transfer In/(Out)

$	50,000	$

-	$	50,000	$

50,000	$

50,000

Excess Revenues/(Expenditures)	$	50,000	$	-	$	50,000	$	50,000	$	100,000

Total Other Financing Sources/(Uses)  $	50,000	$	-	$	50,000	$	50,000	$	50,000

Ranches At Lake McLeod CDD
FY 25 Assessment Roll

PARCEL ID	Units	Type	O&M	Debt	Total	
262918000000042010						
262918689953000010	1	40	$947.78	$890.77	$1,838.55	
262918689953000020	1	40	$947.78	$890.77	$1,838.55	
262918689953000030	1	40	$947.78	$890.77	$1,838.55	
262918689953000040	1	40	$947.78	$890.77	$1,838.55	
262918689953000050	1	40	$947.78	$890.77	$1,838.55	
262918689953000060	1	40	$947.78	$890.77	$1,838.55	
262918689953000070	1	40	$947.78	$890.77	$1,838.55	
262918689953000080	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000090	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000100	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000110	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000120	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000130	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000140	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000150	1	40	$947.78	$890.77	$1,838.55	
262918689953000160	1	40	$947.78	$890.77	$1,838.55	
262918689953000170	1	40	$947.78	$890.77	$1,838.55	
262918689953000180	1	40	$947.78	$890.77	$1,838.55	
262918689953000190	1	40	$947.78	$890.77	$1,838.55	
262918689953000200	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000210	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000220	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000230	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000240	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000250	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000260	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000270	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000280	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000290	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000300	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000310	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000320	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000330	1	40	$947.78	$890.77	$1,838.55	
262918689953000340	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000350	1	40	$947.78	$890.77	$1,838.55	
262918689953000360	1	40	$947.78	$890.77	$1,838.55	
262918689953000370	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000380	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000390	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000400	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000410	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000420	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000430	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000440	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000450	1	40	$947.78	$890.77	$1,838.55	
262918689953000460	1	40	$947.78	$890.77	$1,838.55	
262918689953000470	1	40	$947.78	$890.77	$1,838.55	
262918689953000480	1	40	$947.78	$890.77	$1,838.55	
262918689953000490	1	40	$947.78	$890.77	$1,838.55	
262918689953000500	1	40	$947.78	$890.77	$1,838.55	

PARCEL ID	Units	Type	O&M	Debt	Total	
262918689953000510	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000520	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000530	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000540	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000550	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000560	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000570	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000580	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000590	1	40	$947.78	$890.77	$1,838.55	
262918689953000600	1	40	$947.78	$890.77	$1,838.55	
262918689953000610	1	40	$947.78	$890.77	$1,838.55	
262918689953000620	1	40	$947.78	$890.77	$1,838.55	
262918689953000630	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000640	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000650	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000660	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000670	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000680	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000690	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000700	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000710	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000720	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000730	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000740	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000750	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000760	1	40	$947.78	$890.77	$1,838.55	
262918689953000770	1	40	$947.78	$890.77	$1,838.55	
262918689953000780	1	40	$947.78	$890.77	$1,838.55	
262918689953000790	1	40	$947.78	$890.77	$1,838.55	
262918689953000800	1	40	$947.78	$890.77	$1,838.55	
262918689953000810	1	40	$947.78	$890.77	$1,838.55	
262918689953000820	1	40	$947.78	$890.77	$1,838.55	
262918689953000830	1	40	$947.78	$890.77	$1,838.55	
262918689953000840	1	40	$947.78	$890.77	$1,838.55	
262918689953000850	1	40	$947.78	$890.77	$1,838.55	
262918689953000860	1	40	$947.78	$890.77	$1,838.55	
262918689953000870	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000880	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000890	1	40	$947.78	$890.77	$1,838.55	
262918689953000900	1	40	$947.78	$890.77	$1,838.55	
262918689953000910	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000920	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000930	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000940	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000950	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000960	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000970	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000980	1	50	$947.78	$1,114.76	$2,062.54	
262918689953000990	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001000	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001010	1	40	$947.78	$890.77	$1,838.55	
262918689953001020	1	40	$947.78	$890.77	$1,838.55	
262918689953001030	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001040	1	50	$947.78	$1,114.76	$2,062.54	

PARCEL ID	Units	Type	O&M	Debt	Total	
262918689953001050	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001060	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001070	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001080	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001090	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001100	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001110	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001120	1	40	$947.78	$890.77	$1,838.55	
262918689953001130	1	40	$947.78	$890.77	$1,838.55	
262918689953001140	1	40	$947.78	$890.77	$1,838.55	
262918689953001150	1	40	$947.78	$890.77	$1,838.55	
262918689953001160	1	40	$947.78	$890.77	$1,838.55	
262918689953001170	1	40	$947.78	$890.77	$1,838.55	
262918689953001180	1	40	$947.78	$890.77	$1,838.55	
262918689953001190	1	40	$947.78	$890.77	$1,838.55	
262918689953001200	1	40	$947.78	$890.77	$1,838.55	
262918689953001210	1	40	$947.78	$890.77	$1,838.55	
262918689953001220	1	40	$947.78	$890.77	$1,838.55	
262918689953001230	1	40	$947.78	$890.77	$1,838.55	
262918689953001240	1	40	$947.78	$890.77	$1,838.55	
262918689953001250	1	40	$947.78	$890.77	$1,838.55	
262918689953001260	1	40	$947.78	$890.77	$1,838.55	
262918689953001270	1	40	$947.78	$890.77	$1,838.55	
262918689953001280	1	40	$947.78	$890.77	$1,838.55	
262918689953001290	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001300	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001310	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001320	1	40	$947.78	$890.77	$1,838.55	
262918689953001330	1	40	$947.78	$890.77	$1,838.55	
262918689953001340	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001350	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001360	1	50	$947.78	$1,114.76	$2,062.54	
262918689953001370	1	40	$947.78	$890.77	$1,838.55	
262918689953001380	1	40	$947.78	$890.77	$1,838.55	
262918689953001390	1	40	$947.78	$890.77	$1,838.55	
262918689953001400	1	40	$947.78	$890.77	$1,838.55	
262918689953001410	1	40	$947.78	$890.77	$1,838.55	
262918689953001420	1	40	$947.78	$890.77	$1,838.55	
262918689953001430	1	40	$947.78	$890.77	$1,838.55	
262918689953001440	1	40	$947.78	$890.77	$1,838.55	
262918689953001450	1	40	$947.78	$890.77	$1,838.55	
262918689953001460	1	40	$947.78	$890.77	$1,838.55	
262918689953001470	1	40	$947.78	$890.77	$1,838.55	
262918689953001480	1	40	$947.78	$890.77	$1,838.55	
262918689953001490						
262918689953001500						
262918689953001510						
262918689953001520						
262918689953001530						
262918689953001540						
262918689953001550						
262918689953001560						
262918689953001570						

PARCEL ID	Units	Type	O&M	Debt	Total	
262918689954001500	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001510	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001520	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001530	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001540	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001550	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001560	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001570	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001580	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001590	1	40	$947.78	$890.77	$1,838.55	
262918689954001600	1	40	$947.78	$890.77	$1,838.55	
262918689954001610	1	40	$947.78	$890.77	$1,838.55	
262918689954001620	1	40	$947.78	$890.77	$1,838.55	
262918689954001630	1	40	$947.78	$890.77	$1,838.55	
262918689954001640	1	40	$947.78	$890.77	$1,838.55	
262918689954001650	1	40	$947.78	$890.77	$1,838.55	
262918689954001660	1	40	$947.78	$890.77	$1,838.55	
262918689954001670	1	40	$947.78	$890.77	$1,838.55	
262918689954001680	1	40	$947.78	$890.77	$1,838.55	
262918689954001690	1	40	$947.78	$890.77	$1,838.55	
262918689954001700	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001710	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001720	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001730	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001740	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001750	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001760	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001770	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001780	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001790	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001800	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001810	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001820	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001830	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001840	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001850	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001860	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001870	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001880	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001890	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001900	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001910	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001920	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001930	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001940	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001950	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001960	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001970	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001980	1	50	$947.78	$1,114.76	$2,062.54	
262918689954001990	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002000	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002010	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002020	1	50	$947.78	$1,114.76	$2,062.54	

PARCEL ID	Units	Type	O&M	Debt	Total	
262918689954002040	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002050	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002060	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002070	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002080	1	60	$947.78	$1,336.67	$2,284.45	
262918689954002090	1	60	$947.78	$1,336.67	$2,284.45	
262918689954002100	1	60	$947.78	$1,336.67	$2,284.45	
262918689954002110	1	60	$947.78	$1,336.67	$2,284.45	
262918689954002120	1	60	$947.78	$1,336.67	$2,284.45	
262918689954002130	1	60	$947.78	$1,336.67	$2,284.45	
262918689954002140	1	60	$947.78	$1,336.67	$2,284.45	
262918689954002150	1	60	$947.78	$1,336.67	$2,284.45	
262918689954002160	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002170	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002180	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002190	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002200	1	40	$947.78	$890.77	$1,838.55	
262918689954002210	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002220	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002230	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002240	1	40	$947.78	$890.77	$1,838.55	
262918689954002250	1	40	$947.78	$890.77	$1,838.55	
262918689954002260	1	40	$947.78	$890.77	$1,838.55	
262918689954002270	1	40	$947.78	$890.77	$1,838.55	
262918689954002280	1	40	$947.78	$890.77	$1,838.55	
262918689954002290	1	40	$947.78	$890.77	$1,838.55	
262918689954002300	1	40	$947.78	$890.77	$1,838.55	
262918689954002310	1	40	$947.78	$890.77	$1,838.55	
262918689954002320	1	40	$947.78	$890.77	$1,838.55	
262918689954002330	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002340	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002350	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002360	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002370	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002380	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002390	1	40	$947.78	$890.77	$1,838.55	
262918689954002400	1	40	$947.78	$890.77	$1,838.55	
262918689954002410	1	40	$947.78	$890.77	$1,838.55	
262918689954002420	1	40	$947.78	$890.77	$1,838.55	
262918689954002430	1	40	$947.78	$890.77	$1,838.55	
262918689954002440	1	40	$947.78	$890.77	$1,838.55	
262918689954002450	1	40	$947.78	$890.77	$1,838.55	
262918689954002460	1	40	$947.78	$890.77	$1,838.55	
262918689954002470	1	40	$947.78	$890.77	$1,838.55	
262918689954002480	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002490	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002500	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002510	1	40	$947.78	$890.77	$1,838.55	
262918689954002520	1	40	$947.78	$890.77	$1,838.55	
262918689954002530	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002540	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002550	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002560	1	40	$947.78	$890.77	$1,838.55	
262918689954002570	1	40	$947.78	$890.77	$1,838.55	

PARCEL ID	Units	Type	O&M	Debt	Total	
262918689954002580	1	40	$947.78	$890.77	$1,838.55	
262918689954002590	1	40	$947.78	$890.77	$1,838.55	
262918689954002600	1	40	$947.78	$890.77	$1,838.55	
262918689954002610	1	40	$947.78	$890.77	$1,838.55	
262918689954002620	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002630	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002640	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002650	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002660	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002670	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002680	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002690	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002700	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002710	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002720	1	40	$947.78	$890.77	$1,838.55	
262918689954002730	1	40	$947.78	$890.77	$1,838.55	
262918689954002740	1	40	$947.78	$890.77	$1,838.55	
262918689954002750	1	40	$947.78	$890.77	$1,838.55	
262918689954002760	1	40	$947.78	$890.77	$1,838.55	
262918689954002770	1	40	$947.78	$890.77	$1,838.55	
262918689954002780	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002790	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002800	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002810	1	40	$947.78	$890.77	$1,838.55	
262918689954002820	1	40	$947.78	$890.77	$1,838.55	
262918689954002830	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002840	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002850	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002860	1	40	$947.78	$890.77	$1,838.55	
262918689954002870	1	40	$947.78	$890.77	$1,838.55	
262918689954002880	1	40	$947.78	$890.77	$1,838.55	
262918689954002890	1	40	$947.78	$890.77	$1,838.55	
262918689954002900	1	40	$947.78	$890.77	$1,838.55	
262918689954002910	1	40	$947.78	$890.77	$1,838.55	
262918689954002920	1	40	$947.78	$890.77	$1,838.55	
262918689954002930	1	40	$947.78	$890.77	$1,838.55	
262918689954002940	1	40	$947.78	$890.77	$1,838.55	
262918689954002950	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002960	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002970	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002980	1	50	$947.78	$1,114.76	$2,062.54	
262918689954002990	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003000	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003010	1	40	$947.78	$890.77	$1,838.55	
262918689954003020	1	40	$947.78	$890.77	$1,838.55	
262918689954003030	1	40	$947.78	$890.77	$1,838.55	
262918689954003040	1	40	$947.78	$890.77	$1,838.55	
262918689954003050	1	40	$947.78	$890.77	$1,838.55	
262918689954003060	1	40	$947.78	$890.77	$1,838.55	
262918689954003070	1	40	$947.78	$890.77	$1,838.55	
262918689954003080	1	40	$947.78	$890.77	$1,838.55	
262918689954003090	1	40	$947.78	$890.77	$1,838.55	
262918689954003100	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003110	1	50	$947.78	$1,114.76	$2,062.54	

PARCEL ID	Units	Type	O&M	Debt	Total	
262918689954003120	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003130	1	40	$947.78	$890.77	$1,838.55	
262918689954003140	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003150	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003160	1	40	$947.78	$890.77	$1,838.55	
262918689954003170	1	40	$947.78	$890.77	$1,838.55	
262918689954003180	1	40	$947.78	$890.77	$1,838.55	
262918689954003190	1	40	$947.78	$890.77	$1,838.55	
262918689954003200	1	40	$947.78	$890.77	$1,838.55	
262918689954003210	1	40	$947.78	$890.77	$1,838.55	
262918689954003220	1	40	$947.78	$890.77	$1,838.55	
262918689954003230	1	40	$947.78	$890.77	$1,838.55	
262918689954003240	1	40	$947.78	$890.77	$1,838.55	
262918689954003250	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003260	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003270	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003280	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003290	1	40	$947.78	$890.77	$1,838.55	
262918689954003300	1	40	$947.78	$890.77	$1,838.55	
262918689954003310	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003320	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003330	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003340	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003350	1	40	$947.78	$890.77	$1,838.55	
262918689954003360	1	40	$947.78	$890.77	$1,838.55	
262918689954003370	1	40	$947.78	$890.77	$1,838.55	
262918689954003380	1	40	$947.78	$890.77	$1,838.55	
262918689954003390	1	40	$947.78	$890.77	$1,838.55	
262918689954003400	1	40	$947.78	$890.77	$1,838.55	
262918689954003410	1	40	$947.78	$890.77	$1,838.55	
262918689954003420	1	40	$947.78	$890.77	$1,838.55	
262918689954003430	1	40	$947.78	$890.77	$1,838.55	
262918689954003440	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003450	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003460	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003470	1	40	$947.78	$890.77	$1,838.55	
262918689954003480	1	40	$947.78	$890.77	$1,838.55	
262918689954003490	1	40	$947.78	$890.77	$1,838.55	
262918689954003500	1	40	$947.78	$890.77	$1,838.55	
262918689954003510	1	40	$947.78	$890.77	$1,838.55	
262918689954003520	1	40	$947.78	$890.77	$1,838.55	
262918689954003530	1	40	$947.78	$890.77	$1,838.55	
262918689954003540	1	40	$947.78	$890.77	$1,838.55	
262918689954003550	1	40	$947.78	$890.77	$1,838.55	
262918689954003560	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003570	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003580	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003590	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003600	1	40	$947.78	$890.77	$1,838.55	
262918689954003610	1	40	$947.78	$890.77	$1,838.55	
262918689954003620	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003630	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003640	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003650	1	50	$947.78	$1,114.76	$2,062.54	

PARCEL ID	Units	Type	O&M	Debt	Total	
262918689954003660	1	40	$947.78	$890.77	$1,838.55	
262918689954003670	1	40	$947.78	$890.77	$1,838.55	
262918689954003680	1	40	$947.78	$890.77	$1,838.55	
262918689954003690	1	40	$947.78	$890.77	$1,838.55	
262918689954003700	1	40	$947.78	$890.77	$1,838.55	
262918689954003710	1	40	$947.78	$890.77	$1,838.55	
262918689954003720	1	40	$947.78	$890.77	$1,838.55	
262918689954003730	1	40	$947.78	$890.77	$1,838.55	
262918689954003740	1	40	$947.78	$890.77	$1,838.55	
262918689954003750	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003760	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003770	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003780	1	40	$947.78	$890.77	$1,838.55	
262918689954003790	1	40	$947.78	$890.77	$1,838.55	
262918689954003800	1	40	$947.78	$890.77	$1,838.55	
262918689954003810	1	40	$947.78	$890.77	$1,838.55	
262918689954003820	1	40	$947.78	$890.77	$1,838.55	
262918689954003830	1	40	$947.78	$890.77	$1,838.55	
262918689954003840	1	40	$947.78	$890.77	$1,838.55	
262918689954003850	1	40	$947.78	$890.77	$1,838.55	
262918689954003860	1	40	$947.78	$890.77	$1,838.55	
262918689954003870	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003880	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003890	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003900	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003910	1	40	$947.78	$890.77	$1,838.55	
262918689954003920	1	40	$947.78	$890.77	$1,838.55	
262918689954003930	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003940	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003950	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003960	1	50	$947.78	$1,114.76	$2,062.54	
262918689954003970	1	40	$947.78	$890.77	$1,838.55	
262918689954003980	1	40	$947.78	$890.77	$1,838.55	
262918689954003990	1	40	$947.78	$890.77	$1,838.55	
262918689954004000	1	40	$947.78	$890.77	$1,838.55	
262918689954004010	1	40	$947.78	$890.77	$1,838.55	
262918689954004020	1	40	$947.78	$890.77	$1,838.55	
262918689954004030	1	40	$947.78	$890.77	$1,838.55	
262918689954004040	1	40	$947.78	$890.77	$1,838.55	
262918689954004050	1	40	$947.78	$890.77	$1,838.55	
262918689954004060	1	50	$947.78	$1,114.76	$2,062.54	
262918689954004070	1	50	$947.78	$1,114.76	$2,062.54	
262918689954004080						
262918689954004090						
262918689954004100						
262918689954004110						
262918689954004120						
262918689954004130						
262918689954004140						
262918689954004150						
262918689955004080	1	30	$947.78	$0.00	$947.78	
262918689955004090	1	30	$947.78	$0.00	$947.78	
262918689955004100	1	30	$947.78	$0.00	$947.78	
262918689955004110	1	40	$947.78	$0.00	$947.78	

PARCEL ID	Units	Type	O&M	Debt		Total	
262918689955004120	1	40	$947.78		$0.00	$947.78	
262918689955004130	1	40	$947.78		$0.00	$947.78	
262918689955004140	1	40	$947.78		$0.00	$947.78	
262918689955004150	1	40	$947.78		$0.00	$947.78	
262918689955004160	1	40	$947.78		$0.00	$947.78	
262918689955004170	1	40	$947.78		$0.00	$947.78	
262918689955004180	1	40	$947.78		$0.00	$947.78	
262918689955004190	1	40	$947.78		$0.00	$947.78	
262918689955004200	1	40	$947.78		$0.00	$947.78	
262918689955004210	1	40	$947.78		$0.00	$947.78	
262918689955004220	1	40	$947.78		$0.00	$947.78	
262918689955004230	1	40	$947.78		$0.00	$947.78	
262918689955004240	1	40	$947.78		$0.00	$947.78	
262918689955004250	1	40	$947.78		$0.00	$947.78	
262918689955004260	1	40	$947.78		$0.00	$947.78	
262918689955004270	1	40	$947.78		$0.00	$947.78	
262918689955004280	1	40	$947.78		$0.00	$947.78	
262918689955004290	1	40	$947.78		$0.00	$947.78	
262918689955004300	1	40	$947.78		$0.00	$947.78	
262918689955004310	1	40	$947.78		$0.00	$947.78	
262918689955004320	1	40	$947.78		$0.00	$947.78	
262918689955004330	1	30	$947.78		$0.00	$947.78	
262918689955004340	1	30	$947.78		$0.00	$947.78	
262918689955004350	1	30	$947.78		$0.00	$947.78	
262918689955004360	1	30	$947.78		$0.00	$947.78	
262918689955004370	1	30	$947.78		$0.00	$947.78	
262918689955004380	1	40	$947.78		$0.00	$947.78	
262918689955004390	1	40	$947.78		$0.00	$947.78	
262918689955004400	1	40	$947.78		$0.00	$947.78	
262918689955004410	1	40	$947.78		$0.00	$947.78	
262918689955004420	1	40	$947.78		$0.00	$947.78	
262918689955004430	1	40	$947.78		$0.00	$947.78	
262918689955004440	1	30	$947.78		$0.00	$947.78	
262918689955004450	1	30	$947.78		$0.00	$947.78	
262918689955004460	1	30	$947.78		$0.00	$947.78	
262918689955004470	1	30	$947.78		$0.00	$947.78	
262918689955004480	1	30	$947.78		$0.00	$947.78	
262918689955004490	1	30	$947.78		$0.00	$947.78	
262918689955004500	1	50	$947.78		$0.00	$947.78	
262918689955004510	1	50	$947.78		$0.00	$947.78	
262918689955004520	1	50	$947.78		$0.00	$947.78	
262918689955004530	1	50	$947.78		$0.00	$947.78	
262918689955004540	1	50	$947.78		$0.00	$947.78	
262918689955004550	1	50	$947.78		$0.00	$947.78	
262918689955004560	1	50	$947.78		$0.00	$947.78	
262918689955004570	1	50	$947.78		$0.00	$947.78	
262918689955004580	1	50	$947.78		$0.00	$947.78	
262918689955004590	1	40	$947.78		$0.00	$947.78	
262918689955004600	1	50	$947.78		$0.00	$947.78	
262918689955004610	1	50	$947.78		$0.00	$947.78	
262918689955004620	1	50	$947.78		$0.00	$947.78	
262918689955004630	1	50	$947.78		$0.00	$947.78	
262918689955004640	1	50	$947.78		$0.00	$947.78	
262918689955004650	1	50	$947.78		$0.00	$947.78	

PARCEL ID	Units	Type	O&M	Debt		Total	
262918689955004660	1	40	$947.78		$0.00	$947.78	
262918689955004670	1	40	$947.78		$0.00	$947.78	
262918689955004680	1	40	$947.78		$0.00	$947.78	
262918689955004690	1	50	$947.78		$0.00	$947.78	
262918689955004700	1	50	$947.78		$0.00	$947.78	
262918689955004710	1	40	$947.78		$0.00	$947.78	
262918689955004720	1	40	$947.78		$0.00	$947.78	
262918689955004730	1	40	$947.78		$0.00	$947.78	
262918689955004740	1	50	$947.78		$0.00	$947.78	
262918689955004750	1	50	$947.78		$0.00	$947.78	
262918689955004760	1	50	$947.78		$0.00	$947.78	
262918689955004770	1	50	$947.78		$0.00	$947.78	
262918689955004780	1	30	$947.78		$0.00	$947.78	
262918689955004790	1	30	$947.78		$0.00	$947.78	
262918689955004800	1	30	$947.78		$0.00	$947.78	
262918689955004810	1	30	$947.78		$0.00	$947.78	
262918689955004820	1	30	$947.78		$0.00	$947.78	
262918689955004830	1	30	$947.78		$0.00	$947.78	
262918689955004840	1	30	$947.78		$0.00	$947.78	
262918689955004850	1	40	$947.78		$0.00	$947.78	
262918689955004860	1	40	$947.78		$0.00	$947.78	
262918689955004870	1	40	$947.78		$0.00	$947.78	
262918689955004880	1	40	$947.78		$0.00	$947.78	
262918689955004890	1	40	$947.78		$0.00	$947.78	
262918689955004900	1	40	$947.78		$0.00	$947.78	
262918689955004910	1	40	$947.78		$0.00	$947.78	
262918689955004920	1	40	$947.78		$0.00	$947.78	
262918689955004930	1	40	$947.78		$0.00	$947.78	
262918689955004940	1	40	$947.78		$0.00	$947.78	
262918689955004950	1	40	$947.78		$0.00	$947.78	
262918689955004960	1	40	$947.78		$0.00	$947.78	
262918689955004970	1	40	$947.78		$0.00	$947.78	
262918689955004980	1	40	$947.78		$0.00	$947.78	
262918689955004990	1	40	$947.78		$0.00	$947.78	
262918689955005000	1	40	$947.78		$0.00	$947.78	
262918689955005010	1	40	$947.78		$0.00	$947.78	
262918689955005020	1	40	$947.78		$0.00	$947.78	
262918689955005030	1	40	$947.78		$0.00	$947.78	
262918689955005040	1	40	$947.78		$0.00	$947.78	
262918689955005050	1	40	$947.78		$0.00	$947.78	
262918689955005060	1	40	$947.78		$0.00	$947.78	
262918689955005070	1	40	$947.78		$0.00	$947.78	
262918689955005080	1	40	$947.78		$0.00	$947.78	
262918689955005090	1	40	$947.78		$0.00	$947.78	
262918689955005100	1	40	$947.78		$0.00	$947.78	
262918689955005110	1	40	$947.78		$0.00	$947.78	
262918689955005120	1	40	$947.78		$0.00	$947.78	
262918689955005130	1	40	$947.78		$0.00	$947.78	
262918689955005140	1	50	$947.78		$0.00	$947.78	
262918689955005150	1	50	$947.78		$0.00	$947.78	
262918689955005160	1	40	$947.78		$0.00	$947.78	
262918689955005170	1	30	$947.78		$0.00	$947.78	
262918689955005180	1	30	$947.78		$0.00	$947.78	
262918689955005190	1	40	$947.78		$0.00	$947.78	

PARCEL ID	Units	Type	O&M	Debt		Total	
262918689955005200	1	40	$947.78		$0.00	$947.78	
262918689955005210	1	40	$947.78		$0.00	$947.78	
262918689955005220	1	40	$947.78		$0.00	$947.78	
262918689955005230	1	40	$947.78		$0.00	$947.78	
262918689955005240	1	40	$947.78		$0.00	$947.78	
262918689955005250	1	40	$947.78		$0.00	$947.78	
262918689955005260	1	30	$947.78		$0.00	$947.78	
262918689955005270	1	30	$947.78		$0.00	$947.78	
262918689955005280	1	30	$947.78		$0.00	$947.78	
262918689955005290	1	30	$947.78		$0.00	$947.78	
262918689955005300	1	30	$947.78		$0.00	$947.78	
262918689955005310	1	30	$947.78		$0.00	$947.78	
262918689955005320	1	30	$947.78		$0.00	$947.78	
262918689955005330	1	30	$947.78		$0.00	$947.78	
262918689955005340	1	30	$947.78		$0.00	$947.78	
262918689955005350	1	30	$947.78		$0.00	$947.78	
262918689955005360	1	30	$947.78		$0.00	$947.78	
262918689955005370	1	30	$947.78		$0.00	$947.78	
262918689955005380	1	30	$947.78		$0.00	$947.78	
262918689955005390	1	30	$947.78		$0.00	$947.78	
262918689955005400	1	30	$947.78		$0.00	$947.78	
262918689955005410	1	40	$947.78		$0.00	$947.78	
262918689955005420	1	40	$947.78		$0.00	$947.78	
262918689955005430	1	40	$947.78		$0.00	$947.78	
262918689955005440	1	40	$947.78		$0.00	$947.78	
262918689955005450	1	40	$947.78		$0.00	$947.78	
262918689955005460	1	40	$947.78		$0.00	$947.78	
262918689955005470	1	40	$947.78		$0.00	$947.78	
262918689955005480	1	40	$947.78		$0.00	$947.78	
262918689955005490	1	40	$947.78		$0.00	$947.78	
262918689955005500	1	40	$947.78		$0.00	$947.78	
262918689955005510	1	40	$947.78		$0.00	$947.78	
262918689955005520	1	40	$947.78		$0.00	$947.78	
262918689955005530	1	40	$947.78		$0.00	$947.78	
262918689955005540	1	40	$947.78		$0.00	$947.78	
262918689955005550	1	30	$947.78		$0.00	$947.78	
262918689955005560	1	30	$947.78		$0.00	$947.78	
262918689955005570	1	30	$947.78		$0.00	$947.78	
262918689955005580	1	30	$947.78		$0.00	$947.78	
262918689955005590	1	30	$947.78		$0.00	$947.78	
262918689955005600	1	30	$947.78		$0.00	$947.78	
262918689955005610	1	30	$947.78		$0.00	$947.78	
262918689955005620	1	30	$947.78		$0.00	$947.78	
262918689955005630	1	30	$947.78		$0.00	$947.78	
262918689955005640	1	30	$947.78		$0.00	$947.78	
262918689955005650	1	30	$947.78		$0.00	$947.78	
262918689955005660	1	30	$947.78		$0.00	$947.78	
262918689955005670	1	30	$947.78		$0.00	$947.78	
262918689955005680	1	30	$947.78		$0.00	$947.78	
262918689955005690	1	40	$947.78		$0.00	$947.78	
262918689955005700	1	40	$947.78		$0.00	$947.78	
262918689955005710	1	40	$947.78		$0.00	$947.78	
262918689955005720	1	40	$947.78		$0.00	$947.78	
262918689955005730	1	40	$947.78		$0.00	$947.78	

PARCEL ID	Units	Type	O&M	Debt		Total	
262918689955005740	1	50	$947.78		$0.00	$947.78	
262918689955005750	1	40	$947.78		$0.00	$947.78	
262918689955005760	1	30	$947.78		$0.00	$947.78	
262918689955005770	1	30	$947.78		$0.00	$947.78	
262918689955005780	1	30	$947.78		$0.00	$947.78	
262918689955005790	1	30	$947.78		$0.00	$947.78	
262918689955005800	1	30	$947.78		$0.00	$947.78	
262918689955005810	1	30	$947.78		$0.00	$947.78	
262918689955005820	1	30	$947.78		$0.00	$947.78	
262918689955005830	1	30	$947.78		$0.00	$947.78	
262918689955005840	1	30	$947.78		$0.00	$947.78	
262918689955005850	1	30	$947.78		$0.00	$947.78	
262918689955005860	1	40	$947.78		$0.00	$947.78	
262918689955005870	1	40	$947.78		$0.00	$947.78	
262918689955005880	1	40	$947.78		$0.00	$947.78	
262918689955005890	1	40	$947.78		$0.00	$947.78	
262918689955005900	1	40	$947.78		$0.00	$947.78	
262918689955005910	1	40	$947.78		$0.00	$947.78	
262918689955005920	1	40	$947.78		$0.00	$947.78	
262918689955005930	1	50	$947.78		$0.00	$947.78	
262918689955005940	1	50	$947.78		$0.00	$947.78	
262918689955005950	1	40	$947.78		$0.00	$947.78	
262918689955005960	1	40	$947.78		$0.00	$947.78	
262918689955005970	1	30	$947.78		$0.00	$947.78	
262918689955005980	1	30	$947.78		$0.00	$947.78	
262918689955005990	1	30	$947.78		$0.00	$947.78	
262918689955006000	1	30	$947.78		$0.00	$947.78	
262918689955006010	1	30	$947.78		$0.00	$947.78	
262918689955006020	1	30	$947.78		$0.00	$947.78	
262918689955006030	1	30	$947.78		$0.00	$947.78	
262918689955006040	1	30	$947.78		$0.00	$947.78	
262918689955006050	1	30	$947.78		$0.00	$947.78	
262918689955006060	1	30	$947.78		$0.00	$947.78	
262918689955006070	1	30	$947.78		$0.00	$947.78	
262918689955006080	1	30	$947.78		$0.00	$947.78	
262918689955006090	1	30	$947.78		$0.00	$947.78	
262918689955006100	1	30	$947.78		$0.00	$947.78	
262918689955006110	1	40	$947.78		$0.00	$947.78	
262918689955006120	1	40	$947.78		$0.00	$947.78	
262918689955006130	1	40	$947.78		$0.00	$947.78	
262918689955006140	1	40	$947.78		$0.00	$947.78	
262918689955006150	1	40	$947.78		$0.00	$947.78	
262918689955006160	1	40	$947.78		$0.00	$947.78	
262918689955006170	1	40	$947.78		$0.00	$947.78	
262918689955006180	1	40	$947.78		$0.00	$947.78	
262918689955006190	1	30	$947.78		$0.00	$947.78	
262918689955006200	1	30	$947.78		$0.00	$947.78	
262918689955006210	1	30	$947.78		$0.00	$947.78	
262918689955006220	1	30	$947.78		$0.00	$947.78	
262918689955006230	1	30	$947.78		$0.00	$947.78	
262918689955006240	1	30	$947.78		$0.00	$947.78	
262918689955006250	1	30	$947.78		$0.00	$947.78	
262918689955006260	1	30	$947.78		$0.00	$947.78	
262918689955006270	1	30	$947.78		$0.00	$947.78	

PARCEL ID	Units	Type	O&M	Debt	Total	
262918689955006280	1	30	$947.78	$0.00	$947.78	
262918689955006290	1	40	$947.78	$0.00	$947.78	
262918689955006300	1	40	$947.78	$0.00	$947.78	
262918689955006310	1	40	$947.78	$0.00	$947.78	
262918689955006320	1	40	$947.78	$0.00	$947.78	
262918689955006330	1	40	$947.78	$0.00	$947.78	
262918689955006340	1	40	$947.78	$0.00	$947.78	
262918689955006350	1	40	$947.78	$0.00	$947.78	
262918689955006360	1	40	$947.78	$0.00	$947.78	
262918689955006370	1	40	$947.78	$0.00	$947.78	
262918689955006380	1	40	$947.78	$0.00	$947.78	
262918689955006390	1	40	$947.78	$0.00	$947.78	
262918689955006400	1	30	$947.78	$0.00	$947.78	
262918689955006410	1	30	$947.78	$0.00	$947.78	
262918689955006420	1	30	$947.78	$0.00	$947.78	
262918689955006430	1	30	$947.78	$0.00	$947.78	
262918689955006440	1	30	$947.78	$0.00	$947.78	
262918689955006450	1	30	$947.78	$0.00	$947.78	
262918689955006460	1	30	$947.78	$0.00	$947.78	
262918689955006470	1	30	$947.78	$0.00	$947.78	
262918689955006480	1	30	$947.78	$0.00	$947.78	
262918689955006490	1	30	$947.78	$0.00	$947.78	
262918689955006500	1	30	$947.78	$0.00	$947.78	
262918689955006510	1	30	$947.78	$0.00	$947.78	
262918689955006520	1	30	$947.78	$0.00	$947.78	
262918689955006530						
262918689955006540						
262918689955006550						
262918689955006560						
262918689955006570						
262918689955006580						
262918689955006590						
262918689955006600						
262918689955006610						
262918689955006621						
262918689955006622						
262918689955006630						
Total Gross Onroll	652		$617,952.56	$411,580.56	$1,029,533.12	
						
Total Net Onroll			$574,695.88	$382,769.92	$957,465.80	

Direct Billing	
Acres					
262918689955006630	22.32		$68,330.53	$0.00	$68,330.53	
262918689955006530	102.44		$313,624.81	$0.00	$313,624.81	
Total Direct Gross	124.76		$381,955.34	$0.00	$381,955.34	
						
Total Direct Net			$355,218.47	$0.00	$355,218.47	
						
Total Gross Assessments			$999,907.90	$411,580.56	$1,411,488.46	
						
Total Net Assessments			$929,914.35	$382,769.92	$1,312,684.27	

Section VII

RESOLUTION 2024-08
A RESOLUTION OF THE BOARD OF SUPERVISORS OF RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR THE FISCAL YEAR 2024/2025; AND PROVIDING FOR AN EFFECTIVE DATE.

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

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

WHEREAS, the Board desires to adopt the annual meeting schedule for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“Fiscal Year 2024/2025”), attached as Exhibit A.
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  The Fiscal Year 2024/2025 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

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

Passed and adopted this 13th day of August, 2024.

ATTEST:	RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors
Exhibit A:	Fiscal Year 2024/2025 Annual Meeting Schedule

Exhibit A: Fiscal Year 2024/2025 Annual Meeting Schedule

BOARD OF SUPERVISORS MEETING DATES
RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025

The Board of Supervisors of Ranches at Lake McLeod Community Development District will hold their regular meetings for the Fiscal Year 2024/2025 at 10:00 AM on the 2nd Tuesday of each month at the Lake Alfred Public Library, 245 N Seminole Ave., Lake Alfred, FL 33850, unless otherwise indicated as follows:

October 8, 2024
November 12, 2024
December 10, 2024
January 14, 2025
February 11, 2025
March 11, 2025
April 8, 2025
May 13, 2025
June 10, 2025
July 8, 2025
August 12, 2025
September 9, 2025
The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from Governmental Management Services – Central Florida LLC, 219 E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524.
There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
District Manager

Section VIII

Memorandum
To: Board of Supervisors From: District Management Date: August 13, 2024
RE:	HB7013 – Special Districts Performance Measures and Standards

To enhance accountability and transparency, new regulations were established for all special districts, by the Florida Legislature, during their 2024 legislative session. Starting on October 1, 2024, or by the end of the ﬁrst full ﬁscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2025), each special district is required to publish an annual report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved.
District Management has identiﬁed the following key categories to focus on for Fiscal Year 2025 and develop statutorily compliant goals for each:
Community Communication and Engagement
Infrastructure and Facilities Maintenance
Financial Transparency and Accountability
Additionally, special districts must provide an annual reporting form to share with the public that reﬂects whether the goals & objectives were met for the year. District Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting.
The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District.

Exhibit A:
Goals, Objectives and Annual Reporting Form

Ranches at Lake McLeod Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2024 – September 30, 2025

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of three board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of each meeting in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised in accordance with Florida Statutes, on at least two mediums (i.e., newspaper, CDD website, electronic communications). Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐

 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐

Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Ranches at Lake McLeod Community Development District

District Manager:		Date:	 Print Name:	 
Ranches at Lake McLeod Community Development District

Section IX

Ranches at Lake McLeod Community Development District

FINANCIAL STATEMENTS
September 30, 2023

Table of Contents

Page
FINANCIAL SECTION
Independent Auditor’s Report ......................................................................................	1
Management’s Discussion and Analysis .......................................................................	4
Basic Financial Statements
Government‐Wide Financial Statements
Statement of Net Position..........................................................................................	9
Statement of Activities...............................................................................................	10
Fund Financial Statements
Balance Sheet – Governmental Funds........................................................................	11
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position	..........................................	12
Statement of Revenues, Expenditures and Changes
in Fund Balances – Governmental Funds	..........................................	13
Reconciliation of the Statement of Revenues, Expenditures and Changes
in Fund Balances of Governmental Funds to the Statement of Activities ...............	14
Notes to Financial Statements ......................................................................................	15
Required Supplemental Information
Budget to Actual Comparison Schedule ‐ General Fund ................................................	23
REPORTS ON INTERNAL CONTROL AND COMPLIANCE MATTERS
Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance With Government Auditing Standards ..............................	24
Management Letter ......................................................................................................	26
Independent Accountant’s Report on Compliance with Section 218.415
Florida Statutes ..........................................................................................................	29

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Ranches at Lake McLeod Community Development District Polk County, Florida

Opinions

We have audited the accompanying financial statements of the governmental activities and each major fund of Ranches at Lake McLeod Community Development District (hereinafter referred to as “District”), as of and for the year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the Ranches at Lake McLeod Community Development District as of September 30, 2023, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and
disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion
is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control‐related matters that we identified during the audit.

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information on pages 4 ‐ 8 and 23 be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the

Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated June 26, 2024, on our consideration of the District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 26, 2024

Management’s Discussion and Analysis

Our discussion and analysis of the Ranches at Lake McLeod Community Development District’s financial performance provides an overview of the District’s financial activities for the fiscal year ended September 30, 2023. Please read it in conjunction with the District’s financial statements, which begin on page 9.

FINANCIAL HIGHLIGHTS

At September 30, 2023, the assets of the District exceeded its liabilities by approximately $6 million.

During the year ended September 30, 2023, the District issued Series 2023 Special Assessment Revenue bonds totaling $5,665,000 and constructed infrastructure totaling approximately $5.2 million. In addition, the developer contributed infrastructure assets
totaling approximately $6.2 million.

USING THE ANNUAL REPORT

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

Reporting the District as a Whole

Our analysis of the District as a whole begins on page 5. One of the most important questions asked about the District’s finances is, “Is the District as a whole better off or worse off as a result of the year’s activities?” The Statement of Net Position and the Statement of Activities report information about the District as a whole and about its activities in a way that helps answer this question. These statements include all assets and liabilities using the accrual basis of accounting, which is similar to the accounting used by most private‐sector companies. All of the current year’s revenues and expenses are taken into account regardless of when cash is received or paid.

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

Reporting the District’s Most Significant Funds

Our analysis of the District’s major funds begins on page 7. The fund financial statements begin on page 11 and provide detailed information about the most significant funds – not the District as a whole. Some funds are required to be established by State law and by bond covenants. All of the District’s funds are governmental fund‐types.

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

THE DISTRICT AS A WHOLE

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

September 30,	2023	2022	Change	
Assets
Current and other assets	
$	5,528,255	
41,007	
$	5,487,248	
Capital assets	11,430,526	‐	11,430,526	
Total assets	16,958,781	41,007	16,917,774	
Liabilities
Current liabilities	
$	5,400,307	
$	46,296	
$	5,354,011	
Non‐current liabilities	5,543,776	‐	5,543,776	
Total liabilities	10,944,083	46,296	10,897,787	
Deferred inflows of resources Deferred revenue	
‐	
17,276	
(17,276)	
Total deferred inflows of resources	‐	17,276	(17,276)	
Net position
Net investment in capital assets	
808,087	
‐	
808,087	
Restricted for:
Debt service	
62,616	
‐	
62,616	
Capital projects	5,141,804	‐	5,141,804	
Unrestricted	2,191	(22,565)	24,756	
Total net position (deficit)	6,014,698	(22,565)	6,037,263	
Total liabilities, deferred inflows of resources, and net position (deficit)	
$	16,958,781	
$	41,007	
$	16,917,774	

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

During the fiscal year ended September 30, 2023, total assets and liabilities increased by approximately $16.9 million and $10.9 million, respectively, over the prior year while total deferred inflows of resources decreased by approximately $17,000. The increase in assets was due primarily to construction of phase one infrastructure while the increase in liabilities was primarily due to the issuance of the Series 2023 Special Assessment Revenue bonds.

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

For the year ended September 30,	2023	2022	Change	
Revenue:
Program revenue: Charges for services	

$	140,260	

$	‐	

$	140,260	
Grants and contributions	6,365,941	53,170	6,312,771	
General revenue: Miscellaenous revenue	
300	
‐	
300	

Total revenue	
6,506,501	
53,170	
6,453,331	
Expenses:
General government	
63,708	
53,504	
10,204	
Maintenance and operations	11,806	‐	11,806	
Cost of issuance	315,675	1,400	314,275	
Interest	78,049	‐	78,049	

Total expenses	
469,238	
54,904	
414,334	

Change in net position	
6,037,263	
(1,734)	
6,038,997	
Net position (deficit), beginning of year	(22,565)	(20,831)	(1,734)	

Net position (deficit), end of year	
$	6,014,698	
$	(22,565)	
$	6,037,263	

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

Revenue and expenses increased over the prior year by approximately $6.5 million and $414,000, respectively. The increase in revenue is primarily due to developer contributed capital assets while the increase in expenses is primarily due to bond issuance costs incurred. The overall result was a
$6,037,263 increase in net position for fiscal year 2023.

THE DISTRICT’S FUNDS

As the District completed the year, its governmental funds (as presented in the balance sheet on page 13) reported a combined fund balance of $285,592, which is an increase from last year’s fund balance deficit that totaled $22,565. Significant transactions are discussed below.

During the year ended September 30, 2023, the District issued Series 2023 Special Assessment Revenue bonds totaling $5,665,000 and constructed infrastructure totaling approximately $5.2 million.

The overall increase in fund balance for the year ended September 30, 2023 totaled approximately
$308,000.

GOVERNMENTAL FUNDS BUDGETARY HIGHLIGHTS

An Operating budget was established in the current year by the governing board for the District pursuant to the requirements of Florida Statutes. The budget to actual comparison for the general fund, including the original budget and final adopted budget, is shown at page 23.

The District experienced an unfavorable variance in revenue and a favorable variance in expenditures as compared to the budget in the amounts of $460,918 and $468,629, respectively. The variance in revenue and expenses is primarily due to the District budgeting conservatively for increases in operating costs following the issuance of bonds and construction of infrastructure.

CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2023, the District had approximately $11.4 million invested in capital assets. This amount represents a net increase of approximately $11.4 million from the fiscal year 2022 total. A listing of capital assets by major category for the current and prior year is as follows:

September 30,	2023	2022	Change

Capital assets not being depreciated	$

11,430,526	$

‐	$	11,430,526

Total capital assets

$	11,430,526	$

‐	$	11,430,526

More information about the District’s capital assets is presented in Note 3 to the financial statements.

Debt

At September 30, 2023, the District had approximately $5.7 million of bonds outstanding. This amount represents an increase of approximately $5.7 million from the fiscal year 2022 total.

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

September 30,	2023	2022	Change

Special Assessment Bonds: Series 2023

$	5,665,000	$

‐	$	5,665,000

Total

$	5,665,000	$

‐	$	5,665,000

More information about the District’s long‐term debt is presented in Note 4 to the financial statements.

FUTURE FINANCIAL FACTORS

Ranches at Lake McLeod Community Development District is an independent special district that operates under the provisions of Chapter 190, Florida Statutes. The District operates under an elected Board of Supervisors, which establishes policy and sets assessment rates. Assessment rates for fiscal year 2024 were established to provide for the operations of the District as well as the necessary debt service requirements.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide a general overview of the District’s finances. If you have questions about this report or need additional financial information, contact the Ranches at Lake McLeod Community Development District’s management company at 219 East Livingston Street, Orlando, FL, 32801.

Basic Financial Statements

September 30,	2023	
	Governmental	
	Activities	
Assets
Cash and cash equivalents	
$	5,373,756	
Accounts receivable	140,260	
Due from developer	14,239	
Capital assets:
Not being depreciated	
11,430,526	

Total assets	
16,958,781	

Liabilities
Accounts payable	

5,225,618	
Accrued interest payable	77,644	
Due to developer	17,045	
Non‐current liabilities:
Due within one year	
80,000	
Due in more than one year	5,543,776	

Total liabilities	
10,944,083	

Net position
Net investment in capital assets	

808,087	
Restricted for:
Capital projects	
5,141,804	
Debt service	62,616	
Unrestricted	2,191	

Total net position	$	6,014,698

The accompanying notes are an integral part of these financial statements.

Ranches at Lake McLeod Community Development District
Statement of Activities

For the year ended September 30,

2023

Program Revenue

Net (Expense) Revenue and Changes in Net Position

Operating	Capital
Charges for	Grants and	Grants and	Governmental
Functions/Programs	Expenses	Services	Contributions	Contributions	Activities Primary government:
Governmental activities:

General government	$	(63,708)	$	82,925	$	‐	$	‐	$	19,217	
Maintenance and operations	(11,806)	‐	‐	‐	(11,806)	
Cost of issuance	(315,675)	‐	‐	‐	(315,675)	
Developer contributed capital assets	‐	‐	‐	6,237,269	6,237,269	
Interest	(78,049)	140,260	1,650	44,097	107,958	

Total governmental activities	
$	
(469,238)	
$	
223,185	
$	
1,650	
$	
6,281,366	
6,036,963	

General revenue

Miscellaneous revenue	300	

Total general revenue	
300	
Change in net position	6,037,263	
Net position (deficit) ‐ beginning of year	(22,565)	

Net position ‐ end of year	
$	6,014,698	

The accompanying notes are an integral part of these financial statements.
‐ 10 ‐

September 30,			2023		
				Total	
				Governmental	
	General	Debt Service	Capital Projects	Funds	
Assets
Cash and cash equivalents	
$	21,873	
$	193,034	
$	5,158,849	
$	5,373,756	
Assessments receivable	‐	140,260	‐	140,260	
Due from developer	14,239	‐	‐	14,239	
Total assets	$	36,112	$	333,294	$	5,158,849	$	5,528,255	

Liabilities and Fund Balances
Liabilities					
Accounts payable	$	33,921	$	‐	$	5,191,697	$	5,225,618	
Due to developer	‐	‐	17,045	17,045	
Total liabilities	33,921		5,208,742	5,242,663	

Fund balances

Restricted for debt service		‐		333,294		‐		333,294	
Unassigned		2,191		‐		(49,893)		(47,702)	
Total fund balance (deficit)		2,191		333,294		(49,893)		285,592	
Total liabilities and fund balance (deficit)	$	36,112	$	333,294	$	5,158,849	$	5,528,255	

September 30,	2023	

Total fund balances, governmental funds	
$	285,592	
Capital assets used in governmental activities are not financial resources and therefore are not reported in the fund financial statements.	
11,430,526	
Liabilities not due and payable from current resources, including accrued		
interest, are not reported in the fund financial statements.	(5,701,420)	

Total net position (deficit) ‐ governmental activities	
$	6,014,698	

For the year ended September 30,

Revenue

2023

General	Debt Service

Capital Projects

Total Governmental Funds

Assessments	$	‐	$	140,260	$	‐	$	140,260	
Developer contributions	82,925	‐	‐	82,925	
Miscellaneous revenue	300	‐	‐	300	
Interest	‐	1,650	44,097	45,747	
Total revenue	83,225	141,910	44,097	269,232	

Expenditures
Current:

General government	63,708	‐	‐	63,708	
Maintenance and operations
Debt service: Bond issue costs	11,806

‐	‐

‐	‐

315,675	11,806

315,675	
Capital outlay	‐	‐	5,193,257	5,193,257	
Total expenditures	75,514	‐	5,508,932	5,584,446	
Excess (deficit) of revenue over expenditures	

7,711	

141,910	

(5,464,835)	

(5,315,214)	

Other Financing Sources (Uses)
Bond issuance proceeds	

‐	

191,384	

5,473,616	

5,665,000	
Discount on issuance of debt	‐	‐	(41,629)	(41,629)	
Total other financing sources (uses)	‐	191,384	5,431,987	5,623,371	

Net change in fund balances	
7,711	
333,294	
(32,848)	
308,157	
Fund balance (deficit), beginning of year	(5,520)	‐	(17,045)	(22,565)	
Fund balance (deficit), end of year	
$	2,191	
$	333,294	
$	(49,893)	
$	285,592	

Balances of Governmental Funds to the Statement of Activities

For the year ended September 30,		2023	

Net change in fund balances ‐ governmental fund		
$	308,157	
Capital outlay, reported as expenditures in the	governmental funds, is shown as		
capital assets on the Statement of Net Position.	5,193,257	
Governmental funds report the effects of the bond issue discount when debt is first		
issued, whereas the discount is included in non‐current liabilities on the Statement of Net Position and amortized over the life of the bonds.	
41,629	
Contributed capital assets from the Developer are not recognized in the fund financial statements but are reported as revenue in the Statement of Activities.	
6,237,269	
Bond discount amortization is not recognized in the fund financial statements but is reported as an expense in the Statement of Activities.	
(405)	
The change in accrued interest between the current and prior year is recorded on the Statement of Activities but not on the fund financial statements.	
(77,644)	
Bond proceeds which are reported as other financing sources in the governmental funds are recognized as long‐term liabilities in the Statement of Net Position.	
(5,665,000)	
Change in net position of governmental activities	
$	6,037,263	

NOTE 1: NATURE OF ORGANIZATION

The Ranches at Lake McLeod Community Development District (the “District”) was established on October 5, 2020 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by City of Eagle Lake Ordinance O‐21‐01. The Act provides, among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non‐ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by a Board of Supervisors (“Board”), which is comprised of five members. The current Supervisors have been elected by the landowners. At September 30, 2023, all of the Supervisors are affiliated with the developer of the community, Ranches at Lake McLeod, LLC. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes.

The Board has the final responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

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

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the District conform to GAAP as applicable to governments in accordance with those promulgated by GASB. The following is a summary of the more significant policies:

Government‐wide and Fund Financial Statements

The basic financial statements include both government‐wide and fund financial statements.

The government‐wide financial statements (i.e., the Statement of Net Position and the Statement of Activities) report information on all the non‐fiduciary activities of the primary government. Governmental activities, which normally are supported by assessments, are reported separately from business‐type activities, which rely to a significant extent on fees and charges for support. The business‐type activities are reported separately in government‐wide financial statements; however, at September 30, 2023, the District did not have any significant business‐type activities. Therefore, no business‐type activities are reported. Assessments and other items not properly included as program revenues (i.e., charges to customers or applicants who purchase, use, or directly benefit from goods or services) are reported as general revenues.

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

Measurement Focus, Basis of Accounting and Basis of Presentation

The government‐wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of the related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and other similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

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

The District reports the following major governmental funds:

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

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

Capital Project Fund – The Capital Project Fund is used to account for the financial resources used for the acquisition or construction of capital facilities.

For the year ended September 30, 2023, the District does not report any proprietary funds.

As a general rule, the effect of interfund activity has been eliminated from the government‐wide financial statements.

When both restricted and unrestricted resources are available for use, it is the District’s policy to use restricted resources first, then unrestricted resources as they are needed. When committed, assigned, or unassigned resources are available for use in the governmental fund financial statements, it is the government’s policy to use committed resources first, followed by assigned resources, then unassigned resources as needed.

Estimates

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

Cash, Deposits and Investments

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

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

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

Capital Assets

Capital assets, which include primarily infrastructure assets (e.g., roads, sidewalks, water management systems and similar items), are reported in the governmental activities column in the government‐wide financial statements. Capital assets are defined by the District as assets with an initial/individual cost of more than $5,000 and an estimated useful life in excess of 2 years. Such assets are recorded at historical cost and estimated historical cost if purchased or constructed.

Donated assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment of the primary government are depreciated using the straight‐line method over the following estimated useful lives: Infrastructure, 30 years.

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

Long‐Term Obligations

In the government‐wide financial statements, long‐term debt and other long‐term obligations are reported as liabilities in the Statement of Net Position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight‐line or effective interest method. Bonds payable are reported net of these premiums or discounts. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as current period expenses.

In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of the debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources

In addition to assets, the statement of financial position and balance sheet – governmental funds will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District does not have any of this type of item at September 30, 2023.

In addition to liabilities, the statement of financial position and balance sheet – governmental funds will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District does not have any of this type of item at September 30, 2023.

Fund Equity

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

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

Budgets

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

The District follows these procedures in establishing the budgetary data reflected in the financial statements:

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

Subsequent Events

Management has evaluated subsequent events through the date that the financial statements were available to be issued, June 26, 2024, and determined there were no events that occurred that require disclosure. No subsequent events occurring after this date have been evaluated for inclusion in these financial statements.

NOTE 3: CAPITAL ASSETS

The District issued the Series 2023 Bonds during the current fiscal year to fund a portion of the Phase 1 infrastructure project. In addition, the Developer contributed constructed infrastructure assets associated with the development of Phase 1, which are included in Developer contributed capital assets in the accompanying Statement of Activities.

The following is a summary of changes in the capital assets for the year ended September 30, 2023:

	Beginning
Balance	
Additions	Transfers and
Conveyances	Ending
Balance	
Governmental Activities:
Capital assets not being depreciated Infrastructure under construction	

$	‐	

$ 11,430,526	

$	‐	

$ 11,430,526	
Governmental activities capital assets	$	‐	$ 11,430,526	$	‐	$ 11,430,526	

NOTE 4: BONDS PAYABLE					

On June 27, 2023, the District issued $5,665,000 of Special Assessment Bonds, Series 2023 consisting of $665,000 2023 Term Bonds due on June 15, 2030 with a fixed interest rate of 4.625%, $2,080,000 of 2023 Term Bonds due on June 15, 2043 with a fixed interest rate of 5.33%, and $2,920,000 of 2023 Term Bonds due on June 15, 2053 with a fixed interest rate 5.5%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is due semiannually on each June 15 and December 15. Principal on the Series 2023 Bonds is due serially commencing on June 15, 2024 through June 15, 2053.

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

The bond indentures require that the District maintain adequate funds in the reserve account to meet the debt service reserve requirement as defined in the Indenture. The requirement has been met for the fiscal year ended September 30, 2023.

Long‐term liability activity for the year ended September 30, 2023, was as follows:

Governmental Activities
Bonds payable:

Beginning
Balance	Additions	Reductions

Ending Balance

Due Within One Year

Series 2023

$	‐	$

5,665,000	$

‐	$  5,665,000	$

80,000

$	‐	$ 5,665,000	$	‐	$  5,665,000	$	80,000	
The balance of long‐term bonds at September 30, 2023 is summarized as follows:		
	2023	

Bond principal balance	
$ 5,665,000	
Less unamortized bond discount	(41,224)	
	
$ 5,623,776	

At September 30, 2023, the scheduled debt service requirements on bonds payable were as follows:

Total Debt
Year Ending September 30,	Principal	Interest	Service

2024	$	80,000	$	290,538	$	370,538	
2025	85,000	296,856	381,856	
2026	90,000	292,925	382,925	
2027	95,000	288,763	383,763	
2028	100,000	284,369	384,369	
2029 ‐ 2033	575,000	1,345,656	1,920,656	
2034 ‐ 2038	745,000	1,180,213	1,925,213	
2039 ‐ 2043	975,000	961,813	1,936,813	
2044 ‐ 2048	1,260,000	671,825	1,931,825	
2049 ‐ 2053	1,660,000	284,075	1,944,075	
	$	5,665,000	$	5,897,033	$	11,562,033	

NOTE 5: RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District maintains commercial insurance coverage to mitigate the risk of loss. Coverage may not extend to all situations. Management believes such coverage is sufficient to preclude any significant uninsured losses to the District. As of the date of this report, the District has not filed any claims against this commercial coverage.

NOTE 6: MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non‐voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.

NOTE 7: RELATED PARTY TRANSACTIONS

The Developer has agreed to fund the general operations of the District. For the year ended September 30, 2023, Developer contributions collected totaled $82,925. At September 30, 2023, the Developer owed the District approximately $14,000 for general operations, which is reported as Due from developer on the accompanying Statement of Net Position and Balance Sheet – Governmental Funds. The District owed the Developer approximately $17,000 for certain cost of issuance expenses, which is reported as Due to developer on the accompanying Statement of Net Position and Balance Sheet – Governmental Funds.

NOTE 8: CONCENTRATIONS

A significant portion of the District’s future activity is dependent upon the continued involvement of a significant landowner. The District directly assessed the significant landowner $140,260 for debt service through the local tax collector, which represents 52% of total revenue for the year ended September 30, 2023. At September 30, 2023, the significant landowner owed the District $140,260 in debt service assessments, which is reported as Assessments receivable on the accompanying Statement of Net Position and Balance Sheet – Governmental Fund.

Required Supplemental Information (Other than MD&A)

For the year ended September 30,		2023		
	Original and	Actual	Variance with	
	Final Budget	Amounts	Final Budget	

Revenue
Developer contributions	

544,143	

$	82,925	

$	(461,218)	
Miscellaneous revenue	‐	300	300	
Total revenue	544,143	83,225	(460,918)	

Expenditures
General government	

215,323	

63,708	

151,615	
Maintenance and operations	328,820	11,806	317,014	
Total expenditures	544,143	75,514	468,629	

Excess of revenue over expenditures	
$	‐	
$	7,711	
$	7,711	

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Ranches at Lake McLeod Community Development District City of Eagle Lake, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Ranches at Lake McLeod Community Development District (hereinafter referred to as the “District”), as of and for the year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our report thereon dated June 26, 2024.

Report on Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Report on Compliance and Other Matters

As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 26, 2024

MANAGEMENT LETTER

To the Board of Supervisors
Ranches at Lake McLeod Community Development District City of Eagle Lake, Florida

Report on the Financial Statements

We have audited the financial statements of the Ranches at Lake McLeod Community Development District (“District”) as of and for the fiscal year ended September 30, 2023, and have issued our report thereon dated June 26, 2024.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountant’s Report on an examination conducted in accordance with AICPA Professional Standards, AT‐C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 26, 2024, should be considered in conjunction with this management letter.

Prior Audit Findings

Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. Corrective actions have been taken to address findings and recommendations made in the preceding financial audit report.

Official Title and Legal Authority

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

Financial Condition and Management

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

Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management’s responsibility to monitor the District’s financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

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

Specific Information

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

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

The total number of independent contractors to whom nonemployee compensation was paid in the last month of the district’s fiscal year as 3.

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

All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $74,630.

Each construction project with a total cost of at least $65,000 approved by the district that is scheduled to begin on or after October 1 of the fiscal year being reported, together with the total expenditures for such project as $11,428,966.

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

Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter

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

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 26, 2024

INDEPENDENT ACCOUNTANT’S REPORT

To the Board of Supervisors
Ranches at Lake McLeod Community Development District City of Eagle Lake, Florida

We have examined Ranches at Lake McLeod Community Development District’s compliance with the requirements of Section 218.415, Florida Statutes, Local Government Investment Policies, during the year ended September 30, 2023. Management of the District is responsible for the District’s compliance with the specified requirements. Our responsibility is to express an opinion on the District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and performed the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion.

We are required to be independent and to meet our ethical responsibilities in accordance with relevant ethical requirements relating to the engagement.

Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2023.

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

CARR, RIGGS & INGRAM, LLC

Miramar Beach, Florida June 26, 2024

Section X

This space reserved for use by the Clerk of
the Circuit Court

This Instrument Prepared by and return to:

Ranches at Lake McLeod Community Development District c/o Governmental Management Services
219 E Livingston St. Orlando, Florida 32801

DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY
THE RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT

Board of Supervisors1
Ranches at Lake McLeod Community Development District

Adam Morgan
Chairman

Rob Bonin
Vice Chairman

Pat Quaranta
Assistant Secretary

Brent Kewley
Assistant Secretary

Nicole Henley
Assistant Secretary

Governmental Management Services – Central Florida, LLC District Manager
219 E Livingston St Orlando, Florida 32801
(407) 841-5524
District records are on file at the offices of Governmental Management Services – Central Florida, LLC and are available for public inspection upon request during normal business hours.

1 This list reflects the composition of the Board of Supervisors as of June 2023. For a current list of Board Members, please contact the District Manager’s office.

TABLE OF CONTENTS
Introduction	3
What is the District and how is it governed?	4
What infrastructure improvements does the District provide
and how are the improvements paid for?	5
Assessments, Fees and Charges	6
Method of Collection	8
Conclusion	8

RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT
Introduction
The following information is provided to give you a description of the Ranches at Lake McLeod Community Development District’s (“District”) services, the bonds issued by the District, the assessments that are levied within the District to pay for certain community infrastructure and the manner in which the District is operated. The District is a unit of special-purpose local government created pursuant to and existing under the provisions of Chapter 190, Florida Statutes. Unlike city and county governments, the District has only certain limited powers and responsibilities. These powers and responsibilities include, for example, provision of public infrastructure improvements such as stormwater management facilities, utility improvements, transportation improvements, and entry and landscaping improvements.
The District is here to serve the needs of the community and we encourage your participation in District activities.

DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY
THE RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT

Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. The law specifically provides that this information shall be made available to all persons currently residing within the district and to all prospective district residents. The following information describing the District and the assessments, fees and charges that are expected to be levied within the District to pay for certain community infrastructure is provided to fulfill this statutory requirement.

What is the District and How is it Governed?
The District is an independent special taxing district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes. The District encompasses approximately 278.50 acres of land located entirely within the City of Eagle Lake in Polk County, Florida. As a local unit of special-purpose government, the District provides an alternative means for planning, financing, constructing, operating and maintaining various public improvements and community facilities within its jurisdiction.
The District is governed by a five-member Board of Supervisors, the members of which must be residents of the State and citizens of the United States. Within ninety (90) days of appointment of the initial board, members were elected on an at-large basis by the owners of property within the District, each landowner being entitled to one vote for each acre of land with fractions thereof rounded upward to the nearest whole number. Elections are then held every two years in November. Commencing six years after the initial appointment of Supervisors and when the District attains a minimum of two hundred and fifty (250) qualified electors, Supervisors whose terms are expiring will began to be elected by qualified electors of the District. A “qualified elector” in this instance is any person at least eighteen (18) years of age who is a citizen of the United States, a legal resident of Florida and of the District, and who is also registered with the Supervisor of Elections to vote in Polk County. Notwithstanding the foregoing, if at any time the Board proposes to exercise its ad valorem taxing power, it shall, prior to the exercise of such power, call an election at which all members of the Board shall be elected by qualified electors of the District.

Board meetings are noticed in the local newspaper and conducted in a public forum in which public participation is permitted. Consistent with Florida’s public records laws, the records of the District are available for public inspection during normal business hours. Elected members of the Board are similarly bound by the State’s open meetings law and are subject to the same disclosure requirements as other elected officials under the State’s ethics laws.

What Infrastructure Improvements Does the District Provide and How are the Improvements Paid for?

The District is comprised of approximately 278.50 acres located entirely within the City of Eagle Lake in Polk County, Florida. The legal description of the lands encompassed within the District is attached hereto as Exhibit A. The public infrastructure necessary to support the Ranches at Lake McLeod development program includes master infrastructure and neighborhood infrastructure improvements including, but not limited to, the following: roadways, utilities, earthwork, stormwater management, landscaping improvements, lighting, and recreation. Each of these infrastructure improvements is more fully detailed below. These public infrastructure improvements were or will be funded in part by the District’s sale of bonds as discussed below.

On June 26, 2023, the District issued $5,510,070.80 Ranches at Lake McLeod Community Development District Special Assessment Bonds, Series 2023 (“Series 2023 Bonds”) for the purpose of: (1) financing a portion of the cost of acquiring, constructing, and equipping certain infrastructure improvements comprising the Series 2023 Project (the “Series 2023 Improvements”); (2) paying certain costs associated with the issuance of the Series 2023 Bonds;
(3) making a deposit into the Series 2023 Reserve Account for the benefit of the Series 2023 Bonds; and (4) paying a portion of the interest to become due on the Series 2023 Bonds.
Roadways

There are two categories of roadways: main boulevards and internal drive aisles. The main boulevards connect Bomber Road to the internal drive aisles and serve as the main access into and out of the District. The boulevard section consists of two-lane divided sections with center landscaped medians. The main boulevard section has been constructed by the District within a 100’ right-of-way and will be owned and maintained by the District. The main boulevards will be open to the public.
The internal drive isles consist of two-lane undivided sections. The internal drive aisles have been constructed within a 50’ right-of-way and are funded, owned and maintained by the District.

N addition, necessary roadway improvements also include offsite roadway improvements, turn lanes and intersection improvements funded by the District.
Utilities

The utilities within the District will consist of potable water transmission, wastewater collection, irrigation system, and conduit. The conduit will be utilized for utilities such as electric, cable, and communication lines to allow for underground services, and the District
will finance the differential cost of underground conduit.

The District will be serviced by the City of Eagle Lake Utilities (water and wastewater). The potable water lines typically run within the right-of-way of all the roadways and provide a complete interconnected network of water lines to serve the District.

At buildout, the water lines will connect to existing water mains located in the right-of- way of Bomber Road.

The wastewater lines will consist of manholes and gravity PVC lines within the roadway right of ways conveying sewage flow to one of six proposed wastewater pump stations. The proposed pump stations will pump raw sewage to the existing City of Eagle Lake Utilities sewage collection system.

The irrigation lines will typically run within the right-of-way of the roadways and, at buildout, will provide a complete interconnected network of irrigation lines to serve the landscaping within the Project. Irrigation service will be provided by connections to the proposed potable water distribution system.
Earthwork

Earthwork included excavation for the stormwater management system and grading for the roadways as well as moving dirt to allow for controlled slopes within the District.
Stormwater

The Stormwater Management System consists of retention ponds, inlets, pipes, swales, berms, and overflow structures. A system of inlets, pipes, swales, and berms conveys the runoff into retention ponds located throughout the District’s boundaries. The retention ponds are designed to treat and attenuate the runoff to required standards
Landscaping

Landscaping is installed throughout the District’s boundaries within right of ways, medians, open space areas, common areas, entryway, easements, and boundary buffers. The landscaping consists of shrub and tree planting, as well as a variety of plants and material in addition to decorative features situated in various locations throughout the Project. Incorporated with the landscape improvements will also be pedestrian improvements such as mulched pathways, sidewalks, and public plazas/gazebos within the open space areas. Landscaping, hardscape, and pedestrian improvements are funded and maintained by the District.

Signage and Lighting

Lighting improvements within the District’s boundaries mark the entranceway, major intersections, roadways, landscaping, and points of interest. In addition to roadways, lighting will be constructed in common areas, as well as pedestrian and parking areas and will be maintained by the District.

Recreation

The District will fund and maintain various recreational facilities including, but not limited to, a clubhouse with a pool, residential amenities, athletic courts, dog parks, and playgrounds.

Assessments, Fees and Charges

The costs of acquisition or construction of a portion of these infrastructure improvements have been financed by the District through the sale of its Series 2023 Bonds in the amount of
$5,665,000. The annual debt service payments, including interest due thereon, for the Bonds are payable solely from and secured by the levy of non-ad valorem or special assessments against lands within the District which benefit from the construction, acquisition, establishment and operation of the District’s improvements. The annual debt service obligations of the District which must be defrayed by annual assessments upon each platted lot will depend upon the type of property purchased. Interested persons are encouraged to contact the District Manager for information regarding special assessments on a particular lot. A copy of the District’s assessment methodology and assessment roll are available for review in the District’s public records.
The current maximum annual debt service assessment for the Series 2023 Bonds is as
follows:

Product Type	Series 2023 Bonds Maximum
Annual Assessment Per Unit1	
Single Family 40’	$891	
Single Family 50’	$1,115	
Single Family 60’	$1,337	

1Note: The maximum annual assessments level amounts have been grossed up to include collection costs from Polk County and a maximum discount for early payment as authorized by law.

The District may undertake the construction, acquisition or installation of other future improvements and facilities, which may be financed by bonds, notes or other methods that are authorized by Chapter 190, Florida Statutes.
The amounts described above exclude any operations and maintenance assessments which may be determined and calculated annually by the District’s Board of Supervisors against benefited lands in the District. These assessments will also be collected in the same manner as Polk County ad valorem taxes.

Method of Collection

For any given fiscal year, the District may elect to collect any special assessment for any lot or parcel by any lawful means. The provisions governing the collection of special assessments are more fully set forth in the applicable assessment resolutions, which are on file with the District Manager. That said, and generally speaking, the District may elect to place a special assessment on that portion of the annual real estate tax bill, entitled “non-ad valorem assessments,” which would then be collected by the Polk County Tax Collector in the same manner as county ad valorem taxes (“Uniform Method”). Each property owner subject to the collection of special assessments by the Uniform Method must pay both ad valorem and non-ad valorem assessments at the same time. Property owners will, however, be entitled to the same discounts as provided for ad valorem taxes. As with any tax bill, if all taxes and assessments due are not paid within the prescribed time limit, the tax collector is required to sell tax certificates which, if not timely redeemed, may result in the loss of title to the property. The use of the Uniform Method for any given fiscal year does not mean that the Uniform Method will be used to collect assessments in future years, and the District reserves the right in its sole discretion to select a new or different collection method in any given year, regardless of past practices.

Alternatively, the District may elect to collect any special assessment by sending a direct bill to a given landowner. In the event that an assessment payment is not timely made, the whole assessment – including any remaining amounts for the fiscal year as well as any future installments of assessments securing debt service – shall immediately become due and payable and shall accrue interest as well as penalties, plus all costs of collection and enforcement, and shall either be enforced pursuant to a foreclosure action, or, at the District’s discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Please contact the District Manager for further information regarding collection methods.

Conclusion

This description of the District’s operation, services and financing structure is intended to provide assistance to landowners and purchasers concerning the important role that the District plays in providing infrastructure improvements essential to the development and continued operation of this community. If you have any questions or would simply like additional information about the District, please write to: District Manager, ranches at lake McLeod Community Development District, 219 E Livingston St, Orlando, Florida 32801 or call (407) 841- 5524.

IN WITNESS WHEREOF, this Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken has been executed effective as of the 	 day of
	, 20	, and recorded in the Official Records of Polk County, Florida.

RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT

Chairman, Board of Supervisors

Witness	Witness

Print Name	Print Name

STATE OF FLORIDA
COUNTY OF 	

The  foregoing  instrument  was  acknowledged  before  me  this        day  of
	, 2024, by Adam Morgan, Chairman of the Board of Supervisors of the Ranches at Lake McLeod Community Development District, who is personally known to me or who has produced 		 as identification, and did [ ] or did not [ ] take the oath.

Notary Public, State of Florida

Print Name:		 Commission No.:	  My Commission Expires: 	

EXHIBIT A: Legal Description

EXHIBIT A

Metes and Bounds legal description of the external boundaries of the Ranches at Lake McLeod Community Development District

Section XI

Section C

Ranches at lake Mcleod CDD
Field Management Report

1

August 13th, 2023 Allen Bailey – Field Manager
GMS

Ranches at lake Mcleod CDD Field Management Report | GMS 2024

Southern Monument

Complete

The southern monument for the Ranches is up and ready for the district.

We are waiting for landscape around the monument.

Ponds Discing

The ponds in the north have been disced including the newest area near the boat dock.

2

Ranches at lake Mcleod CDD Field Management Report | GMS 2024

Park

Complete

The park at P4E has been completed.

The area is being assess for drainage but overall looks in good condition.

District Trees

The storm knocked over a few Oak trees.

The landscaper has placed these trees back up.

The pond on tract D3 has areas of erosion showing.

Site Review

Pond Erosion

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-460-4424, or by email at abailey@gmscfl.com. Thank you.

Respectfully, Allen Bailey

Section 1

Jayman Enterprises, LLC
1020 HILL FLOWER DR
Brooksville, FL 34604

Phone #	(813)333-3008	jaymanenterprises@live.com

Estimate

Date	Estimate #	
7/29/2024	1042	

Ranches at Lake Mcleod CDD 219 E Livingston St.
Orlando, FL. 32801

Name / Address

	Project	
		
Description	Qty	Rate	Total	
Purchase and Install Dog stations at desired locations within community outlined by BOS and Management Company.	2	375.00	750.00	
Client Signature	Total	$750.00	

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Section 2

14300 Eastside Street
Groveland, FL 34736
Office: (352) 429-9162
Fax: (352) 429-8123
Email: frankpollysod@aol.com

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Addendum to Maintenance Contract	07/29/2024
RALM Play Ground
Ranches at Lake McLeod CDD

Treat for ants and wasps around equipment

$80.00 per month

Frank Polly Sod Inc	Ranches at Lake McLeod CDD

Section 3

SECTION (a)

PROPOSAL
DATE	August 5, 2024
CUSTOMER NAME	Ranches CDD
ADDRESS	Davenport
REQUESTED BY	Allen Bailey
LOCATION OF JOB	Community Area

Trash can collect, twice a week
(2 trash cans, $50 each)	$ 100.00 monthly

Pet Stations collect, twice a week
(2 station, $50 each)	$ 100.00 monthly

Doggie waste bags, as needed, 200 bags per box	$ 10.00/box

Materials and equipment are included on the proposal

Please call us if you have any question and thank you for your business, we appreciate it very much.
Sincerely,

CSS Clean Star Services of Central Florida, INC
Tracy Chacon	Sandro Di Lollo
(407) 456-9174	(407) 668-1338
tchacon@starcss.com	sdilollo@starcss.com

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SECTION (b)

14300 Eastside Street
Groveland, FL 34736
Office: (352) 429-9162
Fax: (352) 429-8123
Email: frankpollysod@aol.com

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Addendum to Maintenance Contract RALM East Ranch
Ranches at Lake McLeod COD

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(2) Dog Stations
(2) Garbage Cans

$150.00 per month
Does not include bags

Frank Polly Sod Inc	Ranches at Lake McLeod COD

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Section D

Section 1

Ranches at Lake McLeod Community Development District

Summary of Check Register

February 1, 2024 to August 1, 2024

Fund	Date	Check No.'s	Amount

General Fund	
2/6/24	
34	
$	
379,316.87	
	2/13/24	35	$	6,500.00	
	2/20/24	36	$	4,659.27	
	2/22/24	37-38	$	653.00	
	3/12/24	39-42	$	11,546.70	
	3/19/24	43	$	5,425.80	
	4/2/24	44	$	125.00	
	4/9/24	45-46	$	6,514.84	
	4/16/24	47-48	$	6,570.79	
	5/7/24	49-51	$	6,765.00	
	5/14/24	52	$	4,689.91	
	6/5/24	53	$	500.00	
	6/10/24	54-59	$	10,724.42	
	6/19/24	60-61	$	5,503.23	
	7/9/24	62-65	$	13,508.20	
7/15/24	66-67	 $	5,325.90 	
		$	468,328.93	
Supervisor Fees - February 2024			
Adam Morgan	10096	$	184.70	
Brent Kewley	10097	$	184.70	
Patrick Bonin	10098	$	184.70	
Nicole Henley	10099	$	184.70	
Supervisor Fees - May 2024 Adam Morgan	
10100	
$	184.70	
Brent Kewley	10101	$	184.70	
Patrick Bonin	10102	 $	184.70 	
		$	1,292.90	
	Total Amount	$	469,621.83	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/07/24	PAGE	1
*** CHECK DATES 02/01/2024 - 08/01/2024 ***	RANCHES AT LAKE MCLEOD
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
2/06/24 00022	2/06/24 02062024 202402 300-20700-10000	*	379,316.87
ASSESSMENT TRANSFER-SER23
RANCHES AT LAKE MCLEOD CDD	379,316.87 000034
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/24 00017	2/07/24 18119	202402 320-53800-46200	*	6,500.00
LANDSCAPE MAINT-FEB24
FRANK POLLY SOD, INC	6,500.00 000035
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/20/24 00013	2/01/24 18	202402 310-51300-34000	*	3,333.33
MANAGEMENT FEES-FEB24
2/01/24 18	202402 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-FEB24
2/01/24 18	202402 310-51300-35100	*	150.00
INFORMATION TECH-FEB24
2/01/24 18	202402 310-51300-31300	*	416.67
DISSEMINATION SVCS-FEB24
2/01/24 18	202402 310-51300-51000	*	.36
OFFICE SUPPLIES
2/01/24 18	202402 310-51300-42000	*	33.91
POSTAGE
2/01/24 19	202402 320-53800-12000	*	625.00
FIELD MANAGEMENT-FEB24
GOVERNMENTAL MANAGEMENT SERVICES-	4,659.27 000036
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/22/24 00019	1/30/24 17129	202401 320-53800-47000	*	125.00
LAKE MAINTENANCE-JAN24
AQUATIC WEED MANAGEMENT, INC	125.00 000037
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/22/24 00024	2/21/24 0 CRAFTS 202402 320-53800-43200	*	528.00
ANNUAL RES-STORMWATER
CITY OF EAGLE LAKE	528.00 000038
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/12/24 00019	2/28/24 17248	202402 320-53800-47000	*	125.00
LAKE MAINTENANCE-FEB24
AQUATIC WEED MANAGEMENT, INC	125.00 000039
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/12/24 00005	2/23/24 22040009 202403 310-51300-31100	*	280.00
ENGINEERING SVCS-FEB24
CONNELLY & WICKER INC.	280.00 000040
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/12/24 00017	3/01/24 18137	202403 320-53800-46200	*	6,500.00
LANDSCAPE MAINT-MAR24
FRANK POLLY SOD, INC	6,500.00 000041
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/12/24 00013	3/01/24 20	202403 310-51300-34000	*	3,333.33
MANAGEMENT FEES-MAR24
RALM RANCHES AT	KCOSTA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/07/24	PAGE	2
*** CHECK DATES 02/01/2024 - 08/01/2024 ***	RANCHES AT LAKE MCLEOD
BANK A GENERAL FUND

DATE	DATE	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
20	202403 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-MAR24
20	202403 310-51300-35100	*	150.00
INFORMATION TECH-MAR24
20	202403 310-51300-31300	*	416.67
DISSEMINATION SVCS-MAR24
20	202403 310-51300-51000	*	2.86

202403 310-51300-42000	*	4.84	
202403 310-51300-42500	*	9.00	
202403 320-53800-12000	*	625.00	

OFFICE SUPPLIES 20
POSTAGE 20
COPIES 21
FIELD MANAGEMENT-MAR24
GOVERNMENTAL MANAGEMENT SERVICES-	4,641.70 000042

3/19/24 00004	9/19/23	
	10/16/23	
	11/06/23	
	12/01/23	
	1/09/24	
	2/19/24	
	3/11/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
40770	202308 310-51300-31500	*	970.00
LEGAL FEE-AUG23
41974	202309 310-51300-31500	*	742.50
LEGAL FEES-SEP23
42900	202310 310-51300-31500	*	1,500.00
LEGAL FEES-OCT23
43721	202311 310-51300-31500	*	777.55
LEGAL FEES-NOV23
45637	202312 310-51300-31500	*	316.00
LEGAL FEES-DEC23
46837	202312 310-51300-31500	*	265.25
LEGAL FEE-48159 S23 BONDS
47870	202302 310-51300-31500	*	854.50
LEGAL FEES-FEB24
COBB COLE, P.A.	5,425.80 000043
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/24 00019	3/25/24 17391	202403 320-53800-47000	*	125.00
LAKE MAINTENANCE-MAR24
AQUATIC WEED MANAGEMENT, INC	125.00 000044
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/24 00017	4/02/24 18154	202404 320-53800-46200	*	6,500.00
LANDSCAPE MAINT-APR24
FRANK POLLY SOD, INC	6,500.00 000045
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/24 00015	3/11/24 22100925 202402 320-53800-43100	*	14.84
LENNAR FINAL BILL
TECO	14.84 000046
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/16/24 00013	4/01/24 22	202404 310-51300-34000	*	3,333.33
MANAGEMENT FEES APR24
RALM RANCHES AT	KCOSTA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/07/24	PAGE	3
*** CHECK DATES 02/01/2024 - 08/01/2024 ***	RANCHES AT LAKE MCLEOD
BANK A GENERAL FUND

DATE	DATE	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
22	202404 310-51300-35200	*	100.00
WEBSITE ADMIN APR24
22	202404 310-51300-35100	*	150.00
INFORMATION TECH APR24
22	202404 310-51300-31300	*	416.67
DISSEMINATION SVCS APR24
22	202404 310-51300-51000	*	.06
OFFICE SUPPLIES APR24
22	202404 310-51300-42000	*	1.29
POSTAGE APR24
23	202404 320-53800-12000	*	625.00
FIELD MANAGEMENT APR24
GOVERNMENTAL MANAGEMENT SERVICES-	4,626.35 000047
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/16/24 00022	4/16/24 04162024 202404 300-20700-10000	*	1,944.44
ASSESS TRANSFER S2023
RANCHES AT LAKE MCLEOD CDD	1,944.44 000048
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/24 00019	4/30/24 17522	202404 320-53800-47000	*	125.00
LAKE MAINTENANCE-APR24
AQUATIC WEED MANAGEMENT, INC	125.00 000049
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/24 00005	4/26/24 22-04000 202404 310-51300-31100	*	140.00
ENGINEERING SVCS-APR24
CONNELLY & WICKER INC.	140.00 000050
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/24 00017	5/01/24 18169	202405 320-53800-46200	*	6,500.00
LANDSCAPE MAINT-MAY24
FRANK POLLY SOD, INC	6,500.00 000051
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00013	5/01/24 24	202405 310-51300-34000	*	3,333.33
MANAGEMENT FEES-MAY24
5/01/24 24	202405 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-MAY24
5/01/24 24	202405 310-51300-35100	*	150.00
INFORMATION TECH-MAY24
5/01/24 24	202405 310-51300-31300	*	416.67
DISSEMINATION SVCS-MAY24
5/01/24 24	202405 310-51300-51000	*	.15
OFFICE SUPPLIES
5/01/24 24	202405 310-51300-42000	*	64.76
POSTAGE
5/01/24 25	202405 320-53800-12000	*	625.00
FIELD MANAGEMENT-MAY24
GOVERNMENTAL MANAGEMENT SERVICES-	4,689.91 000052
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RALM RANCHES AT	KCOSTA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/07/24	PAGE	4
*** CHECK DATES 02/01/2024 - 08/01/2024 ***	RANCHES AT LAKE MCLEOD
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/05/24 00017	5/16/24 18185	202405 320-53800-46200	*	500.00
LANDSCAPE MAINT-2X MAY
FRANK POLLY SOD, INC	500.00 000053
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/10/24 00019	5/30/24 17696	202405 320-53800-47000	*	125.00
LAKE MAINTENANCE MAY24
AQUATIC WEED MANAGEMENT, INC	125.00 000054
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/10/24 00021	5/30/24 17972612 202405 310-51300-32200	*	1,000.00
AUDIT FEES-FINANCIAL FY23
CARR, RIGGS & INGRAM, LLC	1,000.00 000055
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/10/24 00002	5/02/24 22392	202405 320-53800-45000	*	594.00
PACKAGE - PROPERTY ADDED
EGIS INSURANCE ADVISORS	594.00 000056
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/10/24 00017	6/03/24 18206	202406 320-53800-46200	*	6,500.00
LANDSCAPE MAINT JUN24
6/03/24 18209	202406 320-53800-46200	*	1,000.00
LANDSCAPE MAINT JUN24
FRANK POLLY SOD, INC	7,500.00 000057
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/10/24 00020	5/31/24 00064613 202405 310-51300-48000	*	426.31
NOTICE OF BOS MEETING
GANNETT MEDIA CORP DBA	426.31 000058
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/10/24 00022	6/05/24 06052024 202406 300-20700-10000	*	1,079.11
ASSESS TRANSFER S2023
RANCHES AT LAKE MCLEOD CDD	1,079.11 000059
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/19/24 00005	5/31/24 22040009 202405 310-51300-31100	*	840.00
ENGINEERING SVCS MAY24
CONNELLY & WICKER INC.	840.00 000060
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/19/24 00013	6/01/24 26	202406 310-51300-34000	*	3,333.33
MANAGEMENT FEES JUN24
6/01/24 26	202406 310-51300-35200	*	100.00
WEBSITE ADMIN JUN24
6/01/24 26	202406 310-51300-35100	*	150.00
INFORMATION TECH JUN24
6/01/24 26	202406 310-51300-31300	*	416.67
DISSEMINATION SVCS JUN24
6/01/24 26	202406 310-51300-51000	*	2.59
OFFICE SUPPLIES JUN24
6/01/24 26	202406 310-51300-42000	*	35.64
POSTAGE JUN24
RALM RANCHES AT	KCOSTA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/07/24	PAGE	5
*** CHECK DATES 02/01/2024 - 08/01/2024 ***	RANCHES AT LAKE MCLEOD
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/01/24 27	202406 320-53800-12000	*	625.00
FIELD MANAGEMENT JUN24
GOVERNMENTAL MANAGEMENT SERVICES-	4,663.23 000061
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/09/24 00019	6/28/24 17847	202406 320-53800-47000	*	125.00
POND MAINTENANCE JUN24
AQUATIC WEED MANAGEMENT, INC	125.00 000062
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/09/24 00021	6/27/24 17989941 202406 310-51300-32200	*	5,500.00
AUDIT FEES-FINANCIAL FY23
CARR, RIGGS & INGRAM, LLC	5,500.00 000063
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/09/24 00017	7/01/24 18223	202407 320-53800-46200	*	6,500.00
LANDSCAPE MAINT JUL24
7/01/24 18225	202407 320-53800-46200	*	1,000.00
LANDSCAPE MAINT JUL24
FRANK POLLY SOD, INC	7,500.00 000064
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/09/24 00020	6/30/24 00065227 202406 310-51300-48000	*	383.20
PROP FOR ANNUAL AUDIT SVC
GANNETT MEDIA CORP DBA	383.20 000065
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/15/24 00005	6/28/24 22040009 202406 310-51300-31100	*	635.00
ENGINEERING SVCS JUN24
CONNELLY & WICKER INC.	635.00 000066

7/15/24 00013	7/01/24	
	7/01/24	
	7/01/24	
	7/01/24	
	7/01/24	
	7/01/24	
	7/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
28	202407 310-51300-34000	*	3,333.33
MANAGEMENT FEES JUL24
28	202407 310-51300-35200	*	100.00
WEBSITE ADMIN JUL24
28	202407 310-51300-35100	*	150.00
INFORMATION TECH JUL24
28	202407 310-51300-31300	*	416.67
DISSEMINATION SVCS JUL24
28	202407 310-51300-51000	*	.06
OFFICE SUPPLIES JUL24
28	202407 310-51300-42000	*	65.84
POSTAGE JUL24
29	202407 320-53800-12000	*	625.00
FIELD MANAGEMENT JUL24
GOVERNMENTAL MANAGEMENT SERVICES-	4,690.90 000067
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	468,328.93
TOTAL FOR REGISTER	468,328.93 RALM RANCHES AT	KCOSTA

Section 2

Ranches at Lake McLeod
Community Development District

Unaudited Financial Reporting
June 30, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund - Series 2023	

5	
	Capital Projects Fund - Series 2023	

6	
	Capital Reserve Fund	

7-8	
	Month to Month	

9	
	Assessment Receipt Schedule	

10	
	Long Term Debt Report	

Combined Balance Sheet June 30, 2024

	General	Debt Service Fund		Fund		Capital Projects Fund	Totals Governmental Funds	
Assets:					
Cash	$	281,066	$	-	$	-	$	281,066	
Due from General Fund	$	-	$	2,047	$	-	$	2,047	
Investments:					
Series 2023					
Construction	$	-	$	-	$	92,105	$	92,105	
Cost of Issuance	$	-	$	-	$	0	$	0	
Reserve	$	-	$	192,245	$	-	$	192,245	
Revenue	$	-	$	165,427	$	-	$	165,427	
Total Assets	$	281,066	$	359,719	$	92,105	$	732,890	
Liabilities:		
Accounts Payable	$	6,643	$	-	$	91,697	$	98,340	
Due to Debt Service	$	2,047	$	-	$	-	$	2,047	
Total Liabilites	$	8,690	$	-	$	91,697	$	100,387	
Fund Balance:		
Restricted for:		
Debt Service	$	-	$	359,719	$	-	$	359,719	
Capital Projects	$	-	$	-	$	408	$	408	
Unassigned	$	272,376	$	-	$	-	$	272,376	
Total Fund Balances	$	272,376	$	359,719	$	408	$	632,503	
					
Total Liabilities & Fund Balance	$	281,066	$	359,719	$	92,105	$	732,890	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Assessments - Tax Roll	$	358,744	$	358,744	$	360,260	$	1,516	
Assessments - Direct	$	81,950	$	81,950	$	81,950	$	(0)	
Developer Contributions	$	-	$	-	$	8,518	$	8,518	
Total Revenues	$	440,694	$	440,694	$	450,728	$	10,034	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	9,000	$	4,200	$	4,800	
FICA Expense	$	918	$	689	$	321	$	367	
Engineering	$	15,000	$	11,250	$	2,735	$	8,515	
Attorney	$	15,000	$	11,250	$	2,859	$	8,391	
Annual Audit	$	5,000	$	5,000	$	8,500	$	(3,500)	
Assessment Administration	$	6,500	$	6,500	$	6,500	$	-	
Arbitrage	$	500	$	500	$	-	$	500	
Dissemination	$	5,000	$	5,000	$	3,750	$	1,250	
Trustee Fees	$	4,020	$	4,020	$	-	$	4,020	
Management Fees	$	40,000	$	30,000	$	30,000	$	-	
Information Technology	$	1,800	$	1,350	$	1,350	$	-	
Website Maintenance	$	1,200	$	900	$	900	$	-	
Postage & Delivery	$	1,000	$	750	$	405	$	345	
Insurance	$	6,181	$	6,181	$	5,590	$	591	
Copies	$	500	$	375	$	9	$	366	
Legal Advertising	$	7,500	$	5,625	$	1,825	$	3,800	
Other Current Charges	$	2,500	$	1,875	$	279	$	1,596	
Office Supplies	$	500	$	375	$	17	$	358	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	125,294	$	100,815	$	69,415	$	31,399	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Operations & Maintenance					
Field Expenditures
Property Insurance	

$	5,000	

$	5,000	

$	3,522	

$	1,478	
Field Management	$	7,500	$	5,625	$	5,625	$	-	
Landscape Maintenance	$	95,000	$	71,250	$	53,450	$	17,800	
Landscape Replacement	$	30,000	$	22,500	$	-	$	22,500	
Lake Maintenance	$	16,800	$	12,600	$	1,250	$	11,350	
Streetlights	$	48,600	$	36,450	$	27,716	$	8,734	
Electric	$	5,000	$	3,750	$	2,420	$	1,330	
Water & Sewer	$	5,000	$	3,750	$	17,145	$	(13,395)	
Irrigation Repairs	$	10,000	$	7,500	$	-	$	7,500	
Sidewalk & Asphalt Maintenance	$	5,000	$	3,750	$	-	$	3,750	
General Repairs & Maintenance	$	20,000	$	15,000	$	-	$	15,000	
Holiday Decorations	$	2,500	$	-	$	-	$	-	
Contingency	$	15,000	$	11,250	$	-	$	11,250	
Total Operations & Maintenance	$	265,400	$	198,425	$	111,128	$	87,297	
					
Total Expenditures	$	390,694	$	299,240	$	180,543	$	118,696	
					
Excess (Deficiency) of Revenues over Expenditures	$	50,000		$	270,184		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	(50,000)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(50,000)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-		$	270,184		
					
Fund Balance - Beginning	$	-		$	2,192		
					
Fund Balance - Ending	$	-		$	272,376		

Revenues					
Assessments	$	382,769	$	382,769	$	384,387	$	1,618	
Interest	$	-	$	-	$	12,472	$	12,472	
Total Revenues	$	382,769	$	382,769	$	396,859	$	14,090	

Expenditures					
Interest - 12/15	$	140,260	$	140,260	$	140,260	$	-	
Prinicpal - 6/15	$	80,000	$	80,000	$	80,000	$	-	
Interest - 6/15	$	150,278	$	150,278	$	150,278	$	(0)	
Total Expenditures	$	370,538	$	370,538	$	370,538	$	(0)	
					
Excess (Deficiency) of Revenues over Expenditures	$	12,231		$	26,321		

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	104	$	104	
Total Other Financing Sources (Uses)	$	-	$	-	$	104	$	104	
					
Net Change in Fund Balance	$	12,231		$	26,425		
					
Fund Balance - Beginning	$	140,260		$	333,294		
					
Fund Balance - Ending	$	152,491		$	359,719		

Revenues		
Interest	$	-	$	-	$	50,406	$	50,406	
Total Revenues	$	-	$	-	$	50,406	$	50,406	

Expenditures					
Capital Outlay	$	-	$	-	$	-	$	-	
Cost of Issuance	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	50,406		

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	(104)	$	(104)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(104)	$	(104)	
					
Net Change in Fund Balance	$	-	$	50,302		
					
Fund Balance - Beginning	$	-	$	(49,894)		
					
Fund Balance - Ending	$	-	$	408		

Revenues

Interest	

$	-	

$	

-	$	

-	$	

-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures

Capital Outlay	

$	-	

$	

-	$	

-	$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess (Deficiency) of Revenues over Expenditures	$	-		$	-		

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	50,000	

$	

-	$	

-	$	

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

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

Revenues:														

Assessments - Tax Roll	
$	-	
$	-	
$	354,564	
$	944	
$	854	
$	968	
$	-	
$	1,011	
$	1,918	
$	-	
$	-	
$	-	
$  360,260	
Assessments - Direct	$	40,975	$	-	$	-	$	20,487	$	-	$	-	$	20,487	$	-	$	-	$	-	$	-	$	-	$	81,950	
Developer Contributions	$	8,518	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	8,518	
Total Revenues	$	49,493	$	-	$	354,564	$	21,431	$	854	$	968	$	20,487	$	1,011	$	1,918	$	-	$	-	$	-	$  450,728	

Expenditures:											
General & Administrative:											
Supervisor Fees	$	-	$	1,200	$	1,600	$	-	$	800	$	-	$	-	$	-	$	600	$	-  $	-  $	-  $	4,200	
FICA Expense	$	-	$	92	$	122	$	-	$	61	$	-	$	-	$	-	$	46	$	-  $	-  $	-  $	321	
Engineering	$	280	$	280	$	280	$	-	$	-	$	280	$	140	$	840	$	635	$	-  $	-  $	-  $	2,735	
Attorney	$	1,500	$	778	$	581	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	2,859	
Annual Audit	$	1,000	$	1,000	$	-	$	-	$	-	$	-	$	-	$	1,000	$	5,500	$	-  $	-  $	-  $	8,500	
Assessment Administration	$	6,500	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	6,500	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Dissemination	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	417	$	-  $	-  $	-  $	3,750	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Management Fees	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	-  $	-  $	-  $	30,000	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	1,350	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	900	
Postage & Delivery	$	10	$	61	$	8	$	185	$	34	$	5	$	1	$	65	$	36	$	-  $	-  $	-  $	405	
Insurance	$	5,590	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	5,590	
Copies	$	9	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	9	
Legal Advertising	$	1,015	$	-	$	-	$	-	$	-	$	-	$	-	$	426	$	383	$	-  $	-  $	-  $	1,825	
Other Current Charges	$	8	$	16	$	16	$	38	$	39	$	38	$	39	$	38	$	46	$	-  $	-  $	-  $	279	
Office Supplies	$	3	$	3	$	3	$	3	$	0	$	3	$	0	$	0	$	3	$	-  $	-  $	-  $	17	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	175	
Total General & Administrative	$	20,090	$	7,430	$	6,611	$	4,226	$	4,934	$	4,326	$	4,180	$	6,370	$	11,249	$	-  $	-  $	-  $	69,415	

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

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance Landscape Replacement Lake Maintenance Streetlights
Electric
Water & Sewer Irrigation Repairs
Sidewalk & Asphalt Maintenance General Repairs & Maintenance Holiday Decorations Contingency

$	2,928  $
$	625  $
$	2,950  $
$	-  $
$	250  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $
$	-  $

-  $
625  $
5,500  $
-  $
125  $
3,717  $
107  $
-  $
-  $
-  $
-  $
-  $
-  $

-  $
625  $
5,500  $
-  $
125  $
1,934  $
1,946  $
-  $
-  $
-  $
-  $
-  $
-  $

-  $
625  $
5,500  $
-  $
125  $
-  $
-  $
-  $
-  $
-  $
-  $
-  $
-  $

-  $
625  $
6,500  $
-  $
125  $
3,684  $
97  $
528  $
-  $
-  $
-  $
-  $
-  $

-  $
625  $
6,500  $
-  $
125  $
3,222  $
-  $
5,437  $
-  $
-  $
-  $
-  $
-  $

-  $
625  $
6,500  $
-  $
125  $
5,053  $
76  $
5,697  $
-  $
-  $
-  $
-  $
-  $

594  $
625  $
7,000  $
-  $
125  $
10,106  $
268  $
2,255  $
-  $
-  $
-  $
-  $
-  $

-  $
625  $
7,500  $
-  $
125  $
-  $
(74) $
3,227  $
-  $
-  $
-  $
-  $
-  $

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

-  $	3,522
-  $	5,625
-  $	53,450
-  $	-
-  $	1,250
-  $	27,716
-  $	2,420
-  $	17,145
-  $	-
-  $	-
-  $	-
-  $	-
-  $	-

Other Financing Sources/(Uses):

Transfer In/(Out)

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	22,650  $	(17,504)  $	337,823  $	10,955  $	(15,638)  $	(19,267)  $	(1,769) $	(26,332)  $	(20,734)  $	-  $	-  $	-  $  270,184

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

Excess (Deficiency) of Revenues over Expenditures	$	22,650  $	(17,504)  $	337,823  $	10,955  $	(15,638)  $	(19,267)  $	(1,769)  $	(26,332)  $	(20,734)  $	-  $	-  $	-  $  270,184

Total Expenditures	$	26,843  $	17,504  $	16,741  $	10,476  $	16,492  $	20,235  $	22,256  $	27,343  $	22,652  $	-  $	-  $	-  $  180,543

Total Operations & Maintenance	$	6,753  $	10,075  $	10,130  $	6,250  $	11,558  $	15,909  $	18,077  $	20,973  $	11,403  $	-  $	-  $	-  $  111,128

Ranches At Lake Mcleod
Community Development District Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

Gross Assessments Net Assessments

$ 385,746.46	$
$ 358,744.21	$

411,580.56
382,769.92

$ 797,327.02
$ 741,514.13

48%	52%	100%

Date	Distribution	Gross Amount	Discount/Penalty	Commision	Interest	Net Receipts	General Fund	Debt Service	Total

12/7/23	11/13/2023-11/22/2023	$	36,005.77	$	(1,440.20)	$	(691.31)	$	-	$	33,874.26	$ 16,388.35	$	17,485.91	$ 33,874.26	
12/19/23	1% Fee Adj	$	(7,973.27)	$	-	$	-	$	-	$	(7,973.27)	$  (3,857.46)	$	(4,115.81)	$  (7,973.27)	
12/21/23	11/23/23-11/30/23	$	747,555.44	$	(29,899.33)	$  (14,353.12)	$	-	$	703,302.99	$ 340,257.68	$	363,045.31	$ 703,302.99	
12/27/23	12/01/2023-12/15/2023	$	3,901.09	$	(156.04)	$	(74.90)	$	-	$	3,670.15	$	1,775.62	$	1,894.53	$	3,670.15	
1/16/24	10/01/23-12/31/23	$	-	$	-	$	-	$	1,950.65	$	1,950.65	$	943.72	$	1,006.93	$	1,950.65	
2/9/24	01/01/24-01/31/24	$	1,838.55	$	(36.77)	$	(36.04)	$	-	$	1,765.74	$	854.26	$	911.48	$	1,765.74	
3/13/24	02/01/24-02/29/24	$	2,062.54	$	(20.62)	$	(40.84)	$	2,001.08	$	968.12	$	1,032.96	$	2,001.08	
5/20/24	01/01/24-03/31/24	$	-	$	-	$	-	$	8.57	$	8.57	$	4.15	$	4.42	$	8.57	
5/31/24	04/01/24-04/30/24	$	2,124.41	$	-	$	(42.49)	$	-	$	2,081.92	$	1,007.23	$	1,074.69	$	2,081.92	
6/21/24	05/01/24-05/31/24	$	2,124.41	$	-	$	(42.49)	$	-	$	2,081.92	$	1,007.23	$	1,074.69	$	2,081.92	
6/28/24	06/03/24-06/03/24	$	1,921.28	$	-	$	(38.43)	$	-	$	1,882.85	$	910.92	$	971.93	$	1,882.85	
Total	$	789,560.22	$	(31,552.96)	$	(15,319.62)	$	1,959.22	$	744,646.86	$ 360,259.82	$	384,387.04	$ 744,646.86	

100.42%
0

Net Percentage Collected Balance Remaining To Collect

DIRECT BILL ASSESSMENTS

Lennar Homes, LLC
2024-01		
Net Assessments	
$	81,949.79	
$ 81,949.79	
Date Received	Due Date	Check Number	Net Assessed	Amount Received	General Fund	
10/31/23	10/1/23	2118934	$	40,974.90	$	40,974.90	$ 40,974.90	
1/24/23	2/1/24	2168623	$	20,487.45	$	20,487.45	$ 20,487.45	
2/13	5/1/24	2224915	$	20,487.45	$	20,487.45	$ 20,487.45	
			$	81,949.80	$	81,949.80	$ 81,949.80	

Ranches at Lake McLeod
Community Development District Long Term Debt Report

Series 2023, Special Assessment Revenue Bonds	
Interest Rate:	4.625%, 5.250%, 5.500%	
Maturity Date:	6/15/2053	
Reserve Fund Definition	50% Maximum Annual Debt Service	
Reserve Fund Requirement	$191,384	
Reserve Fund Balance	$192,245	
Bonds Outstanding - 6/27/23	$5,665,000	
Current Bonds Outstanding	$5,665,000	

Section E

Section 1

SECTION (a)

This Instrument Prepared By: Nika K. Hosseini, Esquire Cobb Cole
231 N. Woodland Boulevard DeLand, FL 32720

INSTR# 2024122087
BK 13130 Pgs 0323-0325 PG(s)3
05/28/2024 09:09:17 AM STACY M. BUTTERFIELD,
CLERK OF COURT POLK COUNTY RECORDING FEES 27.00
DEED DOC 0.70

DEED OF DEDICATION

THIS DEED OF DEDICATION (the "Dedication") ismade and executed this22nd day of May	_, 2024, by KL LHB3 AIV, LLC, a Florida limited liability company (hereinafter referred to as "Dedicator"), to the RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT, a local unit of special purpose government established pursuant
to Chapter 190, Florida Statutes (hereinafter referred to as "District").
WIT N E S S E TH:
That the Dedicator, for andin consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable considerations, the receipt and sufficiency of which is hereby acknowledged, by these presents does hereby dedicate, unto the District, its successors, heirs and assigns forever, for the purposes ofmaintaining open space, all that certain lands lying andbeing in the County of Polk, State of Florida, being more particularly described as follows:

See attached Exhibit "A"

TO HAVE AND TO HOLD the same together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all of the estate, right, title, interest, lien, equity, and claim whatsoever of the Dedicator, either in law or equity forever.
DISTRICT, by accepting this Dedication, obligates itself to forever preserve and use the property dedicated herein for the purpose listed above.

IN WITNESS WHEREOF, the Dedicator has caused this DEED OF DEDICATION to be executed as of the day and year first above written.

KL LHB3 AIV, LLC, a Florida limited liability company

PwrifntnteNsasm&ei:a_tOur.e_w; bOh !f'a ct!C_ ---

By:dJL�	j�	
Name: lf'tCt'A T."dt'"nkl
Title: A"'- "cr!.J  5jn,..�

e

 5J£,q:ft   (bu.I: PJ H:&n

Witness Signature
Print Name: Errt- Pee.re'(,..,
Address:(;'qa)&: G.,.. llo«t Rt ff() Scoth	A'l-

STATE OF	flr.1t(J(la_
COUNTY OF	mane�

The foregoing instrument was acknowledged before me by means of	physical presence or □ online notarization, this ti!!!._ day of	�		, 2024 by	•		11lC.rl		as Qulhon:ttd  6�-knl	of KL LHB3 Alv,LC, a Florida limited liability company, for and on behalf of said enhty. He □ is personally known or □ produced 				 as
identification. [NOTARY SEAL]

MICHELLE 80WEN
Notary Publlc -Arizona Maricopa County Commission# 663626
My Comm. Expires Mar 15, 20

s1gnature o	otary u 1c	

Printed Name ofNotary Public

EXHIBIT A
TRACT OSI, PER THE PLAT FOR RANCHES AT LAKE MCLEOD I, AS RECORDED IN THE OFFICIAL RECORDS OF POLK COUNTY, FLORIDA AT PLAT BOOK 193 PAGES 32-33

This Instrument Prepared By: Nika K. Hosseini, Esquire Cobb Cole
231 N. Woodland Boulevard DeLand, FL 32720

INSTR # 2024122088
BK 13130 Pgs 0326-0328 PG(s)3
05/28/2024 09:09:17 AM STACY M. BUTTERFIELD,
CLERK OF COURT POLK COUNTY RECORDING FEES 27.00
DEED DOC 0.70

DEED OF DEDICATION

THIS DEED OF DEDICATION (the "Dedication") is made and executed this22ndday of May	, 2024, by KL LHB3 AIV, LLC, a Florida limited liability company (hereinafter referred to as "Dedicator"), to the RANCHES AT LAKE MCLEOD COMMUNITY DEVELOPMENT DISTRICT, a local unit of special purpose government established pursuant
to Chapter 190, Florida Statutes (hereinafter referred to as "District").
W IT NE S S E TH:
That the Dedicator, for andin consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable considerations, the receipt and sufficiency of which is hereby acknowledged, by these presents does hereby dedicate, unto the District, its successors, heirs and assigns forever, for the purposes ofmaintaining open space, all that certain lands lying and being in the County of Polk, State of Florida, being more particularly described as follows:

See attached Exhibit "A"

TO HAVE AND TO HOLD the same together with all and singular the appurtenances thereunto belonging or in anywise appertaining, and all of the estate, right, title, interest, lien, equity, and claim whatsoever of the Dedicator, either inlaw or equity forever.
DISTRICT, by accepting this Dedication, obligates itself to forever preserve and use the property dedicated herein for the purpose listed above.

IN WITNESS WHEREOF, the Dedicator has caused this DEED OF DEDICATION to be executed as of the day and year first above written.

KL LHB3 AIV, LLC, a Florida limited liability company

Witness SignatureJ Print Name: 126®1

/I_. Po	

1'?!f:tts8iill.f- o.1ttm

Witness Signa�
Print Name: Er.'-- �	
Address:6c-«JO e..  b	 ru.  iw	
oth-'1- th., I

STATE OF	fh,om 
COUNTY OF	!Y/aoccp_

The foregoing instrument was acknowledged before me by means of,,t, physical presence or□ online no�arization, this ffA!lday of	fY/a..r	, 2024 by	 a	 ]11-rnar;	as
.	of KL LHB3 AIV, L C, a Florida limited liability company, for
and on behalf of said entit . He □ is personally known or o produced 	 as identification.
[NOTARY SEAL]

MICHELLE BOWEN
Notary Publie - Arizona Maricopa County Commission# 663626
y Comm. Expires Mar 15, 2028

Sign�

PrintedName ofNotary Public

EXHIBIT A
TRACT OS2, PER THE PLAT FOR RANCHES AT LAKE MCLEOD I, AS RECORDED IN THE OFFICIAL RECORDS OF POLK COUNTY, FLORIDA AT PLAT BOOK 193 PAGES 32-33