Candler Hills East Community Development District

Agenda

November 15, 2016

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Candler Hills East
Community Development District

135 W. Central Blvd., Suite 320, Orlando, Florida 32801
Phone: 407-841-5524- Fax: 407-839-1526

November 8, 2016

Board of Supervisors
Candler Hills East Community Development District

The Board of Supervisors of the Candler Hills East Community Development District will meet on Tuesday, November 15, 2016 at 9:00 a.m., or as shortly thereafter as reasonably possible, at the Circle Square Commons, Cultural Center, 8395 SW 80th Street, Ocala, FL. Following is the advance agenda for the meeting:

- Roll Call - --
Public Comment Period
Notice for Meeting
Status Report on Sale and Closing of Series 2016 Refunding Bonds
Staff Reports
Attorney
Engineer
District Manager
Approval of Check Register
Balance Sheet and Income Statement
Other Business
VIL Supervisors Requests
Adjournment

The second order of business is the Public Comment Period where the public  has  an opportunity to be heard on propositions coming before the Board as reflected on the  agenda, and any other items.

Enclosed under the third order of business is the affidavit of publication associated with the public notice for this meeting.

The fourth order of business is the status report on the sale and closing of the Series 2016 Refunding Bonds. This is an open discussion item and no back-up material is available.

The fifth order of business is Staff Reports. Section 1 of the District Managers Report includes the check register for approval and Section 2 includes the balance sheet and income statement for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,
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George S. Flint
District Manager

Cc:	Gerald Colen, District Counsel Ken Colen, On Top of the World
Guy Woolbright, On Top of the World Lynette Vermillion, On Top of the World Darrin Mossing, GMS

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AFFinAV!T OF PUBLICATION

Star-Banner
Published  -  Daily Ocala, Iviarion County, Florida

STATE OF FLORIDA COUNTY OF MARION

/B	ore the undersigned, a Notary Public of Said County and State,
/ 	who on oath says that they are an authorized  em o ee of the Star-Banner, a daily newspaper published at Ocala, in Marion County, Florida; that the attached copy of adve1tisement, being a notice in the matter of
NOTICE OF MEETING DATES CANDLER HILLS EAST COMk/UNITY
DEVELOPMENT DISTRICT The Board of Supervisors of the Candler Hills East Co1111111111ity Development District will hold their regularly scheduled public meetings fnr_tl1e Fis_caLYear 21Jl7 at9:0llAM, nr as_sh _

was published in said newspaper in the issues of:

1114 lx

Affiant further says that the said STAR-BANNER is a daily newspaper published at Ocala, in said Marion County, Florida, and that the said  newspaper has heretofore been continuously published in said  Marion  County,  Florida, daily, and has been entered as second class mail matter at the post office in Ocala in said Marion County, Florida, for a period of one year next preceding the first publication of the attached copy of adve1tisement; and affiant fmther says that he has neither paid nor promised any person, firm or corporation  any  discount, rebate, commission or refund for the person of securing this advertisement for publication in the said newspaper.

Sworn to and subscribed  before me this	day of JJeJ'J tM)IJ(, A.D., 20_J_Jp

Notary Public

                        HARMONY STALTER.
(Print, Type or Stamp Name of Notary Public)

Ad #: A000899304

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Candler Hills East
Community Development District

Summary of Invoices

October 18, 2016 to November 7, 2016

	Fund	Date	CheckNo.'s	Amount		
	General Fund	10/19/16	793	$	796.56	
	10/26/16	794	$	119.61	
	10/27/16	795-797	$	4,452.36	
	11/3/16	798-799	$	1,647.00	
			$	7,015.53	
	Payroll	October 2016				
	Elmer Greene	50154	$	184.70	
	John Bain	50155	$	184.70	
	Larry Garvin	50156	$	200.00	
	Philip Moherek	50157	$	200.00	
	Robert Scherff	50158	$	184.70	
			$	954.10	

$	7,969.631

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 11/07/16
***  CHECK DATES 10/18/2016 - 11/07/2016 ***	CANDLER HILLS-GENERAL FUND
BANK A CANDLER HILLS CDD

PAGE	1

CHECK	VEND# .....INVOICE.........EXPENSED TO...		VENDOR NAME DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS	AMOUNT	.•.•CHECK.." .• AMOUNT	#

10/19/16 00019	10/03/16 155	201610 310-51300-34000	*
MANAGEMENT FEES OCT16
10/03/16 155	201610 310-51300-35100	*
INFORMATION TECH OCT16
10/03/16 155	201610 310-51300-31300	*
DISSEMINATION FEE OCT16
10/03/16 155	201610 310-51300-51000	*

*

OFFICE SUPPLIES OCT16
10/03/16 155	201610 310-51300-42000
POSTAGE OCT16
10/03/16 155	201610 310-51300-42500	*
COPIES OCT16

-

- - - - - - - - - - - - - - - - - - - - - - - - - - -GOVERNMENTAL MANAGEMENT SERVICES

603.67
83.33
104.16
.18
2.82
2.40

796.56 000793

10/26/16 00033	10/26/16 10262016 201610 300-20700-10200
FYll6 DEBT SERVICE ASSESS

-

- - - - -  - - -		- - - - - - - - - - - - - - - -  -  -CA-NDLER HILLS EAST CDD C/0 USBANK 10/27/16 00005	10/11/16 38995	201610 310-51300-54000
REIMB. SPEC.DIST FEE-FY17
- - - - -  - -  -  - - - - - - - - - - - - - - - - - - -CO-LEN &   WAGONER P.A. 10/27/16 00002	10/17/16 A898246	201610 310-51300-48000

STAR BANNER		111.08	000796	

FENCE CONSTRUCTION,	
LLC	*	4,166.28
4,166.28	
000797	

NO . OF MEETING-10/17 /16

*	119.61

*	175.00

*	111.08

119.61 000794

175.00 000795

- -	-	-	- - - - - - - - - - - - - - - - -

OCALA
-  -	-  -	-  -	-
10/27/16 00041	10/24/16 2719	201610 320-53800-47000
POND MOWING-OCT16
- - - - - - - - - - - -  - - - - - - - - -  - - - - - -SH-ARP
11/03/16 00005	10/25/16 10252016 201610 310-51300-31500
PR.BP/ATTEND CDD MEETING
- -  -  -  -  -  -  -  - - - - - - - - - - - - - - - - -  - - CO-LEN &   WAGONER P.A. 11/03/16 00004	10/25/16 5-588-61 201610 310-51300-42000
DELIVERY 10/18/16

*	1,500.00

*	147.00

1,500.00 000798

FEDEX	147.00 000799

TOTAL FOR BANK A TOTAL FOR REGISTER

7,015.53
7,015.53

CAND CANDLER HILLS KCOSTA

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Candler Hills East
Community Development District

Unaudited Financial Reporting October 31, 2016

Governmental Management Services

Table of Contents

 	Balance Sheet 

 	General Fund

 	Debt Service Fund 

 	Capital Projects Fund 

Capital Reserve Fund

 	Month to Month

 	Long-Term Debt 

 	Assessment Receipt Schedule 

Candler Hills East
Communit:l!'. Develoi2ment District Combined Balance Sheet
For the Period Ended October 31, 2016

	Governmental Fund T:ll12es		T1otals	
	General	Debt	Capital	Capital	(Memorandum Only)	
	 	Fund	Service	Projects 	Reserves	2017	
ASSETS:				
CASH	$27,940		$27,940	
INVESTMENT				
RESERVE	$253,932		$253,932	
REVENUE	$205,442		$205,442	
PREPAYMENTS	$130,293		$130,293	
CONSTRUCTION	$12,362		$12,362	
CUSTODY ACCOUNT		$158,851	$158,851	
DUE FROM GENERAL FUND	$6,888		$6,888	
TOTAL ASSETS	$27,940	$596,555	$12,362	$158,851	$795,708	

LIABILITIES:				
ACCOUNTS PAYABLE	$1,647		$1,647	
DUE TO DEBT SERVICE	$6,888	--		$6,888	
CONTRACTS PAYABLE	$12,361		$12,361	
FUND BALANCES:				
RESTRICTED FOR DEBT SERVICE	$596,555		$596,555	
RESTRICTED FOR CAPITAL PROJECTS	$1	--	$1	
ASSIGNED			--	$158,851	$158,851	
UNASSIGNED	$19,405				$19,405	
TOTAL LIABILITIES & FUNIJI EQUITY	$27,940	$596,555	$12,362	$158,851	$795,708	

Candler Hills East
COMMUNiTY  DEVELOPMENT DISTRICT
General Fund
Statement of Revenues & Expenditures
For the Period Ended October 31, 2016

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 10/31/16	ACTUAL
THRU 10/31/16	

VARIANCE	
REVENUES:					

MAINTENANCE ASSESSMENTS	
$105,046	
$8,754	
$2,348	
($6,406)	
INTEREST	$100	$8	$1	($7)	
TOTAL REVENUES	105,146	$8,762	$2,348	($6,414)1	

EXPENDITURES:					

ADMINISTRATIVE:					

SUPERVISOR FEES	
$4,000	
$1,000	
$1,000	
$0	
FICA EXPENSE	$306	$61	$46	$15	
ENGINEERING	$2,200	$183	$0	$183	
TRUSTEE FEES	$2,050	$0	$0	$0	
DISSEMINATION	$3,500	$292	$104	$188	
ARBITRAGE	$600	$0	$0	$0	
ASSESSMENT ROLL	$5,000	$5,000	$5,000	$0	
ATTORNEY	$6,000	$1,500	$1,500	$0	
ANNUAL AUDIT	$3,800	$0	$0	$0	
MANAGEMENT FEES	$7,244	$604	$604	$0	
INFORMATION TECHNOLOGY	$1,000	$83	$83	$0	
TELEPHONE	$100	$8	$0	$8	
POSTAGE	$800	$67	$150	($83)	
PRINTING & BINDING	$700	$58	$2	$56	
INSURANCE	$6,515	$6,515	$6,042	$473	
LEGAL ADVERTISING	$700	$58	$111	($53)	
OTHER CURRENT CHARGES	$311	$26	$27	($1)	
OFFICE SUPPLIES	$150	$13	$0	$12	
DUES, LICENSES & SUBSCRIPTIONS	$175	$175	$175	$0	
TOTAL ADMINISTRATIVE	I 	$45,151	$15,643	$14,844		$799 I

MAINTENANCE:

RETENTION PONDS/OWL PRESERVE DRA	

$49,995	

$4,166	

$4,166	

$0	
CONTINGENCIES	$10,000	$833	$0	$833	
TOTAL MAINTENANCE	I	$59,995	$5,000	$4,166	$833 I

TOTAL EXPENDITURES	I	 	$105,146	$20,643	$19,010		$1,6321	
EXCESS REVENUES (EXPENDITURES)			($0)	($16,662}	
					
FUND BALANCE- BEGINNING	I		$0	$36,067	

FUND BALANCE - ENDING			($0)	$19,405	
			
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Candler Hills East
Community Development District
Debt Service Fund
For the  Period  Ended October 31, 2016

	ADOPTED
BUDGET	PRORATED
THRU 10/31/16	ACTUAL
THRU 10/31/16	

VARIANCE	

REVENUES:						

ASSESSMENTS - TAX ROLL		
$28S,337	
$23,778	
$6,888	
($16,890}	
PREPAYMENTS		$0	$0	$7,361	$7,361	
INTEREST		$100	$8	$47	$39	
TOTAL REVENUES		$285,437	$23,786	$14,297	($9,490)1	

EXPENDITURES:						

SPECIAL CALL 11/1		
$100,000	
$0	
$0	
$0	
INTEREST EXPENSE 11/1		$97,691	$0	$0	$0	
PRINCIPAL 5/1		$95,000	$0	$0	$0	
INTEREST EXPENSE 5/1		$97,691	$0	$0	$0	
TOTAL EXPENDITURES	I	 	$390,383	$0	$0		so I

EXCESS REVENUES (EXPENDITURES)		($104,946}	$14,297	
				
FUND BALANCE - BEGINNING		$281,004	$582,258	
				
FUND BALANCE - ENDING		$176,058	$596,555	

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Candler Hills East
Community Development District
Capital Projects Fund
For the Period Ended October 31, 2016

REVENUES:

ADOPTED BUDGET

PRORATED THRU 10/31/16

ACTUAL
THRU 10/31/16	VARIANCE

INTEREST	$0	$0	$1	$1

TOTAL REVENUES	$0	$0	$1

EXPENDITURES:

CAPITAL OUTLAY	$0	$0	$0	$0

TOTAL EXPENDITURES	$0	$0	$0

EXCESS REVENUES {EXPENDITURES)	$0	$1

FUND BALANCE - BEGINNING	$0	$0

FUND BALANCE - ENDING	$0	$1

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Candler  Hills East
Community Development District
Capital Reserves Fund
For the Period Ended October 31, 2016

	ADOPTED
BUDGET	PRORATED
THRU 10/31/16	ACTUAL
THRU 10/31/16	
VARIANCE		

REVENUES:							

INTEREST		
$400	
$33	
$116		
$82	
TOTAL REVENUES		$400	$33	$116			

EXPENDITURES:							

CAPITAL OUTLAY		
$0	
$0	
$0		
$0	

TOTAL EXPENDITURES		
$0	
$0	
$0		$0 I	
EXCESS REVENUES (EXPENDITURES)		$400		$116			
							
FUND BALANCE- BEGINNING		$164,704		$158,735			
							
FUND BALANCE - ENDING		$165,104		$158,851			

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Candler Hills East
COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND
Month to Month Detail

	Oct	Nov	Dec		Jan	Feb	Mar		Apr	May	Jun		Jul	Aug	Sep		Total	
REVENUES:																			

MAINTENANCE ASSESSMENTS		
$2,348		
$0	
$0	
$0		
$0	
$0	
$0		
$0	
$0	
$0		
$0	
$0	
$2,348	
INTEREST		$1		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$1	

TOTAL REVENUES	I	
$2,348		
$0	
$0	
$0		
$0	
$0	
$0		
$0	$0	
$0		
$0	
$0	
$2,348	
EXPENDITURES:																			

ADMINISTRATIVE:																			

SUPERVISOR FEE		
$1,000		
$0	
$0	
$0		
$0	
$0	
$0		
$0	
$0	
$0		
$0	
$0	
$1,000	
FICA		$46		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$46	
ENGINEERING		$0		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$0	
TRUSTEE FEES		$0		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$0	
DISSEMINATION		$104		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$104	
ARBITRAGE		$0		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$0	
ASSESSMENT ROLL		$5,000		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$5,000	
ATTORNEY		$1,500		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$1,500	
ANNUAL AUDIT		$0		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$0	
MANAGEMENT FEES		$604		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$604	
INFORMATION TECHNOLOGY		$83		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$83	
TELEPHONE		$0		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$0	
POSTAGE		$150		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$150	
PRINTING & BINDING		$2		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$2	
INSURANCE		$6,042		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$6,042	
LEGAL ADVERTISING		$111		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$111	
OTHER CURRENT CHARGES		$27		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$27	
OFFICE SUPPLIES		$0		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$0	
DUES, LICENSES & SUBSCRIPTIONS		$175		$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	$175	

!

TOTAL ADMINISTRATIVE	I	$14,844	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$14,844)

MAINTENANCE:

	$4,166	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$4,166	
	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
I	
$4,166	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$4,166)	

RETENTION PONDS/OWL PRESERVE DRA CONTINGENCIES

TOTAL MAINTENANCE

TOTAL EXPENDITURES	I	$19,010	$0	$0	$0	$0	$0	$0	$0	--   $0	$0	$0	$0	$19,0101
EXCESS REVENUES (EXPENDITURES)	I	($16,662)	$0	$0 	$0	$0 	$0	$0	$0	$0	$0	$0	$0	($16,662)!

6

Candler Hills East
Community Development District
LONG TERM DEBT REPORT

SERIES 2006A, SPECIAL ASSESSMENT BONDS	

INTEREST RATE:	5.45%	
MATURITY DATE:	5/1/2037	
RESERVE FUND DEFINITION	6.816% of Outstanding Bonds	
RESERVE FUND REQUIREMENT	$244,354	
RESERVE FUND BALANCE	$253,932	

BONDS OUTSTANDING - 9/30/13	$4,600,000	
LESS: PRINCIPAL PAYMENT 11/1/13 (Prepayment)	($235,000)	
LESS: PRINCIPAL  PAYMENT 5/1/14 (Mandatory)	($95,000)	
LESS: PRINCIPAL PAYMENT 5/1/14 (Prepayment)	($110,000)	
LESS: PRINCIPAL PAYMENT 11/1/14 (Prepayment)	($70,000)	
LESS: PRINCIPAL PAYMENT 5/1/15 (Mandatory)	($95,000)	
LESS: PRINCIPAL PAYMENT 5/1/15 (Prepayment)	($105,000)	
LESS: PRINCIPAL PAYMENT 11/1/15 (Prepayment)	($170,000)	
LESS: PRINCIPAL PAYMENT 5/1/16 (Mandatory)	($95,000)	
LESS: PRINCIPAL PAYMENT 5/1/16 (Prepayment)	($40,000)	
CURRENT BONDS OUTSTANDING	$3,585,000	

7

CANDLER HILLS EAST
COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENTS FY2017 RECEIPTS MAINTENANCE
Gross Assessments   $	111,784.00 Certified  Net AssessmentslJ_ 		S,076.96 j

Gross Assessments	Collection	Commissions	Interest	Net Assessments
Date	ACH	Received	Fee	Paid	Income	Received	
	!	_.!	·--·-···--+---	---
j	ACH	j $	2,395,44  j $	47.91	--------ii	;;..----···--·-
$	-	j $	j $	2,347.53	
10/28/16			
.............................1................................1.$ .....................·.I $ .....................· .....	.$.....................· ......$ .....................·.....!.$.....................· .....	
···I}··	.:--,..	

!$	$	$	1$	I$	
I$	$	$	!$	.	I$	
......................... I	............................+\$ .....................:····+$.....................:..····$.....................:....JI$  .....................:.... !$	·..·..:·····
I ···············	
........................ I	···-······..................g....................:..+.....................:··- ...-..................:..+····················:.....g....................:....	
.........................I   		........ I $ .....................· .... l $.....................· ......$.....................· .....i.$...............-  ..· .....1. $.....................· .....	
I!	!	i	i	I $	·	
	
.	1I	1 i	
Total Collected	$	2,395.44   $	47.91   $	$	$	2,347.53	
Percentage Collected	2%	

100%

+

......................... ,:  .......................!.$.,......................:·  ·II$................<.... ·.......$......................:·,-.....$......................:·	i$	·

DEBT SERVICE

Gross Assessments   $	303,SSo.oo., Certified Net Assessmentsf'$--2-8 5,337.00 !
100%

Date	
ACH	Gross Assessments
Received	Collection
Fee	Commissions
Paid	Interest
Income	Net Assessments
Received	
····-1072·sTii;····...	............ii..CH...........If  ...........1:a2s:a4ls·...............14a:sa·I s...........-   ...=.. .....h..······...........=..... ··h·..  ·..ii;iiiiii:26·	

.............................	................................!,$........................... ......ij$..••·..·•••••••..··-. -·.$·•..·•·••·•·•••·····..........l.!.$...............................i .!.$................................
1$	•    1$	·	$	·	:$	·	i$	·	

·························..··!-·······················..····· ! s·····················-.....!..s.....................-......$  ·······...........-... .....j.$  ..................-... ....J.$  ...................-.. .....
.	1$	.	1$	.	$	.	1$	.	I$	.	
............................1    .............................,   ......................:-,...,   ......................:--,.... .....................:.--,.!·......................:.....,.......................:....
1$	!$	$	.	I$	!s	

Total Collected	$	7,028.84	$	140.58	$	$	$	6,888.26	
Percentage Collected	2%	

8